Twenty pounds at that time, partly by the change of denomination, partly by that in the value of money, were equivalent to two hundred in the seventeenth century; and it seemed just that the king should not strictly insist on the letter of the law, and oblige people of so small revenue to accept of that expensive honor.
Edward VI,[v***] and Queen Elizabeth,[v****] who had both of them made use of this expedient for raising money, had summoned only those who were possessed of forty pounds a year and upwards to receive knighthood, or compound for their neglect; and Charles imitated their example, in granting the same indulgence.
* Clarendon, vol.i.p.

4.

May, p.

14.
** Rush.

vol.ii.p.