The royal reserve fund plummeted by four-fifths between 1584 and 1588

Evidence

With chagrin Elizabeth saw her chested reserve fall by four-fifths between 1584 and 1588 to a mere £55,000, less than it would take for the full mobilization of her fleet. — John Sugden, Sir Francis Drake, 851

Categorization

• corroborated: 2 independent passages support this claim — John Sugden, Sir Francis Drake, 851