State formation in seventeenth-century Ireland: the Restoration financial settlement, 1660–62

The Irish Restoration financial settlement formed an integral part of the deal that was struck between Irish Protestants and the restored Charles II in the early 1660s. Driven by a desire to retain lands acquired in the 1650s, the Protestant-dominated Irish government crafted a set of financial bills that granted the Crown a perpetual and hereditary revenue in Ireland in return for security of tenure. Based on innovative Cromwellian reforms, the royal government retained many elements of Cromwellian fiscal policy, which transformed the Irish economy into a net contributor to the English Treasury by the 1680s. The customs and excise acts also laid the basis for the emergence of an embryonic state bureaucracy that emerged in Ireland during Charles II's reign. This article examines both the rationale behind the Irish Protestant interest's policies in the early 1660s and the political negotiating that saw them secure favourable land legislation at the expense of those Catholics who had served the monarchy in the 1640s and 1650s.