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Monstrous AdversaryThe Life of Edward de Vere, 17th Earl of Oxford$
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Monstrous Adversary: The Life of Edward de Vere, 17th Earl of Oxford

Alan H. Nelson

Print publication date: 2003

Print ISBN-13: 9780853236788

Published to Liverpool Scholarship Online: June 2013

DOI: 10.5949/UPO9781846313592

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Maintenance for his Nobility

Maintenance for his Nobility

Chapter:
58 Maintenance for his Nobility
Source:
Monstrous Adversary
Publisher:
Liverpool University Press
DOI:10.5949/liverpool/9780853236788.003.0059

This chapter describes the annuity granted by the Queen to Oxford. On 26 June 1586, Elizabeth granted Oxford £1000 per annum under a Privy Seal Warrant, to be paid in quarterly instalments. Because the grant was made retroactive to 25 March 1586, Oxford received an initial payment of £500 on 26 June, £250 per quarter thereafter. The annuity was not a payment for services, but an exemplification of ‘the necessity in Princes to maintain their own creations’. The purpose of the annuity was to keep the wolf from Oxford's door.

Keywords:   Privy Seal Warrant, annuity, Elizabeth I

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