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The History of Parliamentary Taxation in England

Note 233 — V

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In 1334 the fifteenth and tenth was compounded for by a fixed sum, rather than in accordance with a strict assessment. Hereafter each town and each county knew for how much it would have to answer. The expression was the fiscal equivalent of £39,000, less about £6,000 for decayed towns. 1 Dowell, Taxation and Taxes, 89.

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