Note 543 — Chapter XI
Reading edition
Commons' Journals, 4 September 1660. Sir Philip Warwick, chancellor of the exchequer, assured Pepys that the revenue fell short by a fourth of the £1,200,000 voted by parliament. See his Diary, March 1, 1664. Ralph, however, says, the income in 1662 was £1,120,593, though the expenditure was £1,439,000. P. 88. It appears probable that the hereditary excise did not yet produce much beyond its estimate. Id. p. 20.