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What (who) is poundage$62879$ - definition
ENGLISH IMPORT AND EXPORT DUTIES
Tonnage and Poundage
Poundage quota
Marketing quota; Poundage quotas; Marketing allotment
A poundage quota, also called a marketing quota, is a quantitative limit on the amount of a commodity that can be marketed under the provisions of a permanent law. Once a common feature of price support programs, this supply control mechanism ended with the quota buyouts for peanuts in 2002 and tobacco in 2004.
Tonnage and poundage
Tonnage and poundage were duties and taxes first levied in Edward II's reign on every tun (cask) of imported wine, which came mostly from Spain and Portugal, and on every pound weight of merchandise exported or imported. Traditionally tonnage and poundage was granted by Parliament to the king for life, but this practice did not continue into the reign of Charles I.
poundage
![Garter robes]] by [[John Michael Wright]]](https://commons.wikimedia.org/wiki/Special:FilePath/King Charles II by John Michael Wright or studio.jpg?width=200 "Garter robes]] by [[John Michael Wright]]")
![King Charles I (reign 1625–1649), portrayed from the studio of [[Anthony van Dyck]], 1636](https://commons.wikimedia.org/wiki/Special:FilePath/King Charles I after original by van Dyck.jpg?width=200 "King Charles I (reign 1625–1649), portrayed from the studio of [[Anthony van Dyck]], 1636")
ENGLISH IMPORT AND EXPORT DUTY
¦ noun Brit.
1. a commission of a particular amount per pound sterling of the sum involved in a transaction.
2. a percentage of the total earnings of a business, paid as wages.
3. weight.
Wikipedia
Tonnage and poundage
Tonnage and poundage were duties and taxes first levied in Edward II's reign on every tun (cask) of imported wine, which came mostly from Spain and Portugal, and on every pound weight of merchandise exported or imported. Traditionally tonnage and poundage was granted by Parliament to the king for life, but this practice did not continue into the reign of Charles I. Tonnage and poundage were swept away by the Customs and Excise Act 1787.
