Maintenance for his Nobility
Maintenance for his Nobility
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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