B & R

What are Bonds and Recognizances?

Bonds were written agreements in which people promised to pay a sum of money if failed to carry out promise
Recognisances were a formal acknowledgement of debt with the understanding that they had to pay money if obligation not met

How much money did B & R bring?

$35,000 per year

One example of B & R

Earl of Westmorland had to pay £10,000 bond after Battle of Bosworth

Who implemented the system of B & R

The Council Learned in Law

Was it successful?

Partially as Henry gained revenue but it was so unpopular Empson and Dudley were executed when Henry died