The Baronetage of England is a hereditary title that ranks below a baron but above a knight. Established in 1611 by King James I, it was created to raise funds for the crown. Baronets are addressed as "Sir" and their titles can be passed down to their heirs. Baronets are not members of the peerage, but they hold a unique status in the British nobility. The title is often associated with land ownership and social standing, and it is recorded in the Official Roll of the Baronetage, which lists all current baronets and their respective titles.