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Auction: 17016 - Bonds and Share Certificates of the World
Lot: 449

Charles I, Forced Loan, 1626. Manuscript document, one page, folio, containing 39 lines of text ordering Dudley, 3rd Baron North to lend £100 to the crown, handsigned by Charles I at top, Charles states 'the accidents of Germany and the intelligences wee receave from divers other parts have made the Kings needs more urgent than he had stated in a previous letter in August, caring (as befitts us) to have our kingdomes defended, our Allies succoured (that are so ingged for us), the partie of religion supported, which are now so strongly opposed: the King therefore requires that every one, both Lords and others, who were assessed the last subsidy should lend unto us for a time that entire somme which he was assessed at: as he that was assessed at one hundred pounds to lend us one hundred pounds.' The forced loan of 1626 was a disastrous opening of the Kings reign and was prompted by Parliaments refusal to subsidise the King's intended war with Spain rather than the aforementioned intelligence gathering in Northen Europe. In the 1630's Lord North was described as the least estated lord in the Kingdom and much of his time was spent on the Continent, presumably to avoid the constant demands of the crown. Some fading of the text, tear in centre with small loss of text, some folds, tears at bottom edge.

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Estimate
£4,500 to £5,000