s that number of people turned adrift who were their dependents, or otherwise obtained a living in their service. If it is difficult to determine, with any certainty, the number of the religious in monastic England at the time of the dissolution of the monasteries, it is still more so to give any accurate estimate of the property involved. Speed calculated the annual value of the entire property, which passed into Henry's hands at some 171,312 pounds. Other valuations have placed it at a higher figure, so that a modern calculation of the annual value at 200,000 pounds, or some 2,000,000 pounds of 1910 money, is probably not excessive. Hence, as a rough calculation, it may be taken that at the fall of the monasteries an income of about two million pounds sterling a year, of the 1910 money value, was taken from the Church and the poor and transferred to the royal purse. It may, however, be at once stated that Henry evidently never derived anything like such a sum from the transaction. The capital value was so diminished by gratuitous grants, sales of lands at nominal values, and in numerous other ways, that in fact, for the eleven years from 1536 to 1547, the Augmentation Office accounts show that the king only drew an average yearly income of 37,000 pounds, or 370,000 pounds of 1910 money, from property which, in the hands of the monks, had probably produced five times the amount. As far as can be gathered from the accounts still extant, the total receipts of the king from the monastic confiscations from April, 1536, to Michaelmas, 1547, was about thirteen million and a half of 1910 money, to which must be added about a million sterling, the melting value of the monastic plate. Of this sum, leaving out of calculation the plate and jewels, not quite three millions were spent by the king personally; 600,000 pounds was spent upon the royal palaces, and nearly half a million on the household of the Prince of Wales. More than five millions st...
