Editors. "Henry Howard, Earl of Nottingham, becomes first lord of the Treasury". The Literary Encyclopedia. First published 01 February 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=15712, accessed 23 September 2014.]
Following the death of Robert Cecil, Earl of Salisbury, the English Treasurership is put in commission for the first time, with Henry Howard, Earl of Nottingham as its first lord. Sir Julius Caesar, Chancellor of the Exchequer, compiles a report which concludes that at things stand, the annual expenditure of the English Crown exceeds its revenue by £160 000 and that the national debt has risen to £500 000.
Please log in to consult the article in its entirety. If you are not a subscriber, please click here to read about membership. All our articles have been written recently by experts in their field, more than 95% of them university professors.