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Updated: May 28, 2025
"The Chest at Chatham was originally planned by Sir Francis Drake and Sir John Hawkins in 1588, after the defeat of the Armada; the seamen voluntarily agreed to have 'defalked' out of their wages certain sums to form a fund for relief. The property became considerable, as well as the abuses, and in 1802 the Chest was removed to Greenwich. In 1817, the stock amounted to L300,000 Consols."
It was therefore very welcome to me, but yet I was not fully satisfied in my taking it, because of my submitting myself to the having it objected against me hereafter, and the rather because this morning Jacke Fen come and shewed me an order from the Commissioners of Accounts, wherein they demand of him an account upon oath of all the sums of money that have been by him defalked or taken from any man since their time, of enquiry upon any payments, and if this should, as it is to be feared, come to be done to us, I know not what I shall then do, but I shall take counsel upon it.
It was therefore very welcome to me, but yet I was not fully satisfied in my taking it, because of my submitting myself to the having it objected against me hereafter, and the rather because this morning Jacke Fen come and shewed me an order from the Commissioners of Accounts, wherein they demand of him an account upon oath of all the sums of money that have been by him defalked or taken from any man since their time, of enquiry upon any payments, and if this should, as it is to be feared, come to be done to us, I know not what I shall then do, but I shall take counsel upon it.
"The Chest at Chatham was originally planned by Sir Francis Drake and Sir John Hawkins in 1588, after the defeat of the Armada; the seamen voluntarily agreed to have 'defalked' out of their wages certain sums to form a fund for relief. The property became considerable, as well as the abuses, and in 1802 the Chest was removed to Greenwich. In 1817, the stock amounted to L300,000 Consols."
Sum........ £3,150,000 Remaining in the Treasury, the salaries of the Exchequer being defalked....... £12,000,000 By comparison of which accounts if a war with an army of 80,000 men were to be made by the penny, yet was the commonwealth able to maintain such a one above three years without levying a tax.
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