Chapter

The Crown Clog 1631–1956

BERNARD RUDDEN

in The New River

Published in print May 1985 | ISBN: 9780198254973
Published online March 2012 | e-ISBN: 9780191681547 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198254973.003.0009
The Crown Clog 1631–1956

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This chapter talks about the Crown Clog — the payment made to the crown in return for its original investment in the enterprise. Certain features of this arrangement are emphasized here. That Sir Hugh was the alter ego of the Company. Nonetheless, the royal moiety was conveyed to Sir Hugh in fee and not to the Company and he assumed the obligation to pay the rent in perpetuity. Further, although his covenant to do so was given in consideration of the moiety, it was not expressly secured by any charge thereof or by any right of entry and perception of profits. When the annual payment became known as the Crown (or King's) Clog could not be ascertained — although, the royal entitlement was soon to be treated as secured by some kind of burden. Bearing this in mind, it seems best to treat of the subsequent history by distinguishing benefit and burden.

Keywords: Crown Clog; enterprise; alter ego; royal moiety; royal entitlement

Chapter.  6440 words.  Illustrated.

Subjects: History of Law

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