| Statute Of Tenures |
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Passed in 1660 by the Convention Parliament shortly after the English Restoration , the Act replaced various types of military and religious service tenants owed to the Crown with Socage , and compensated the monarch with an annual fixed payment of £100,000 to be raised by means of a new tax on Alcohol . It completed a process that had begun in 1610 during the reign of James I with the proposal of the Great Contract. The Statute is best known because of its constitutional significance in terms of the shift away from Feudalism . It is also important because of the establishment of a new type of tax - the Excise - and the machinery to collect it. The Act also abolished in the Court Of Wards And Liveries established in 1540 which had been responsible for revenue collection under the feudal tenure system. |
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