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==History of the term== The term ''baronet'' has medieval origins. [[Thomas de la Moore|Sir Thomas de La More]] (1322), describing the [[Battle of Boroughbridge]], mentioned that baronets took part, along with barons and knights.<ref>Stubbs, Vol. II, Part IV, p 303</ref> [[Edward III]] created eight baronets in 1328. The title of baronet was initially conferred upon [[nobility|noblemen]] who lost the right of [[Hereditary peer#Writs of summons|individual summons to Parliament]], and was used in this sense in a [[statute]] of [[Richard II of England|Richard II]]. A similar title of lower rank was [[banneret]]. Present-day baronets date from 1611 when [[James VI and I|James I]] granted [[letters patent]] to 200 gentlemen of good birth with an income of at least £1,000 a year (equivalent to £{{formatnum:{{Inflation|UK|1000|1611|r=-3}}}} in {{Inflation-year|UK}}{{Inflation-fn|UK|df=y}}). In return for the honour, each was required to pay one pound a day for the upkeep of thirty soldiers for three years (1,095 days), thus amounting to £1,095 (equivalent to £{{formatnum:{{Inflation|UK|1095|1611|r=-3}}}} in {{Inflation-year|UK}}{{Inflation-fn|UK|df=y}}), in those days a very large sum. The money was to help fund the [[Plantation of Ulster]].<ref name="Curl2000">{{cite book |last1=Curl |first1=James Stevens |title=The Honourable the Irish Society and the Plantation of Ulster, 1608-2000: The City of London and the Colonisation of County Londonderry in the Province of Ulster in Ireland : a History and Critique |date=2000 |publisher=Phillimore |isbn=978-1-86077-136-1 |page=48 |language=en }}</ref> In 1619, James I established the [[Baronetage of Ireland]]; [[Charles I of England|Charles I]] in 1625 created the Baronetages of [[Baronetage of Scotland|Scotland]] and [[List of baronetcies in the Baronetage of Nova Scotia|Nova Scotia]]. The new baronets were each required to pay 2,000 [[Mark (currency)|marks]] (equivalent to £{{formatnum:{{Inflation|UK|2250|1625|r=-3}}}} in {{Inflation-year|UK}}{{Inflation-fn|UK|df=y}}), or to support six colonial settlers for two years. Over a hundred of these baronetcies, now familiarly known as Scottish baronetcies, survive to this day. As a result of the [[Union of England and Scotland]] in 1707, all future creations were styled [[Baronetage of Great Britain|baronets of Great Britain]]. Following the Union of Great Britain and Ireland in 1801, new creations were styled as [[Baronetage of the United Kingdom|baronets of the United Kingdom]]. Under [[Warrant (law)|royal warrant]]s of 1612 and 1613, certain privileges were accorded to baronets. Firstly, no person or persons should have place between baronets and the younger sons of peers. Secondly, the right of [[knighthood]] was established for the eldest sons of baronets (this was later revoked by [[George IV]] in 1827), and thirdly, baronets were allowed to augment their armorial bearings with the [[Coat of arms|Arms]] of [[Ulster]] on an [[inescutcheon]]: "in a field Argent, a Hand [[gules|Geules]] (or a bloudy hand)". These privileges were extended to baronets of Ireland, and for baronets of Scotland the privilege of depicting the Arms of Nova Scotia as an augmentation of honour. The former applies to this day for all baronets of Great Britain and of the [[Baronetage of the United Kingdom|United Kingdom]] created subsequently.
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