Guilds & Trade Incorporations
Income of the Trades
The Trades raised revenue by charging entrance fees as well as annual fees to members. In addition, they rented out their Mortcloths for funerals (these were adorned black cloths which were draped over the coffin) , as well as charging for the use of their pews in the Trades’ Church. Masters and their families, plus apprentices and journeymen were able to use the Trades’ seats in these Churches, which entitled the occupants a discount on the normal charge to use them.
They gained further income from fines from non-members who traded in the town, as well as fines on their own members for breaches of rules etc..