Hearth less than 20 shillings a year and those who paid neither church nor poor rates. Also exempt were charitable institutions such as schools and almshouses, and industrial hearths with the exception of smiths' forges and bakers' ovens. The returns were lodged with the Clerk of the Peace between 1662 and 1688. A revision of the Act in 1664 made the tax payable by all who had more than two chimneys. The tax was abolished by William III in 1689 and the last collection was for Lady Day of that year. It was abolished in Scotland in 1690. Hearth tax records
A Treatise on Money tries to prevent himself from being dragged along any further by representing the molehills in the pathway as mountains” John Hicks stated that the "A Treatise on Money" was the first economics publication to use the term liquidity, because he had not been able to find the term used in earlier works. A Treatise on Money A Treatise on Money is a work on economics by English economist John Maynard Keynes. In the "Treatise" Keynes drew a distinction between savings and investment, arguing that where saving exceeded investment, recession would occur. Thus, Keynes reasoned that during a depression the best