In English law, poundage was an ad valorem (in proportion to value) customs duty imposed on imports and exports at the rate of 1 shilling for every pound (of weight) of goods imported or exported. Poundage was implemented in order to keep a strong naval force that would protect the Kingdom of England.
In English law, poundage was an ad valorem (in proportion to value) customs duty imposed on imports and exports at the rate of 1 shilling for every pound (of weight) of goods imported or exported. Poundage was implemented in order to keep a strong naval force that would protect the Kingdom of England.
Source: Wikipedia "Poundage" · CC BY-SA 4.0
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