However, Christian I was unable to raise more than 2,000 of the promised 10,000 guilders, and in May 1469, Orkney and Shetland were pledged by him, as king of Norway, to James III as security until the outstanding amount of Margaret's dowry. However, James had no intention of allowing the Danes to redeem their rights in Orkney and Shetland, and would quickly acquire full sovereignty over the islands.Macdougall, Norman, James III (John Donald, 2009), p. 58.
However Christian I was unable to raise more than 2000 of the promised 10000 guilders and in May 1469 Orkney and Shetland were pledged by him as king of Norway to James III as security until the outstanding amount of Margaret's dowry However James had no intention of allowing the Danes to redeem their rights in Orkney and Shetland and would quickly acquire full sovereignty over the islandsMacdougall Norman James III (John Donald 2009) p 58