Before revision: He would accept the tally stick only for taxes, and it was a tool of the Exchequer for the collection of taxes by local sheriffs (tax farmers The tally sticks recorded a payment of taxes, but soon began to circulate in a secondary discount market, being accepted as payment for goods and services at a discount since they could be later presented to the treasury as proof of taxes paid.
After revision: The tally sticks recorded a payment of taxes, but soon began to circulate in a secondary discount market, being accepted as payment for goods and services at a discount since they could be later presented to the treasury as proof of taxes paid.