Simplify the following text for a Grade 7 native English-speaking person.
Original: Therefore those of the first creation , in return for the honor , were each required to pay for the upkeep of thirty soldiers for three years amounting to Â # 1095 , in those days a very large sum .
Simplified: Each of the new baronets had to pay Â # 1095 , which was the cost of keeping thirty soldiers for three years .