Monastic History
Henry III added to the endowment left by Peter des Roches. The king donated farmland, urban property in Southampton and elsewhere, and spiritual revenues from churches. By 1291, taxation returns show that the abbey had a clear annual revenue of £81, a comfortable income. However, shortly afterwards a period of bad management resulted in the abbey accruing substantial debts, and it was soon almost bankrupt. In 1328 the government was forced to appoint an administrator, John of Mere, to address the crisis. Despite forcing the abbot to apply revenues to debt repayment and to sell many of the estates, he was only partly successful. Ten years later the abbey was again appealing to the king for help with a disastrous financial situation. The monks blamed their problems on the cost of providing hospitality to the many travellers by sea, and the king's sailors who landed at the abbey. The king provided some small grants enabling the abbey to overcome its difficulties but the property sales meant that the abbey's income never recovered and it settled into what has been described as genteel poverty.
Nevertheless, Netley remained a much respected institution by its neighbours until the end of its life as a monastery. It was not known for scholarship, wealth, or particular fervour, but it was highly regarded for its generosity to travellers and sailors, and for the devout lives ("by Raporte of good Religious conversation") led by its monks. The abbot was summoned on many occasions to sit in Parliament with fellow prelates in the House of Lords as one of the Lords Spiritual. Surviving reports indicate the abbey had a peaceful and scandal-free domestic life.
Read more about this topic: Netley Abbey
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