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#121
02-04-2005, 05:57 PM
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#122
02-04-2005, 06:24 PM
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Well, I don't know how much money Charles has from non-government sources, but if most of his income is from the Duchy, then realistically that's what's going to be used to look after his family, including Camilla.
I'm sure that however much he tries to do the right thing, there'll be a lot of people for whom it won't make any difference. |
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#123
02-04-2005, 06:32 PM
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I believe he makes a lot of money else where. From what I've read he makes more money from non-government bodies. I think I heard it on PBS during a special on the royal family. He could support Camilla without touching any money he gets from the government(taxes).
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If you want something done right, do it yourself. |
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#125
02-04-2005, 08:16 PM
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Shedding some more light on his finances:
From BBC News 30 June 2004:
Property boosts Charles' income The Prince of Wales' pre-tax income rose by nearly a fifth last year to nearly £12m, a royal report has shown. The Duchy of Cornwall, which provides Prince Charles' annual income, grew in value by £55m last year - thanks in part to the healthy property market. Clarence House's first annual review of his work and accounts showed his income was used to meet some personal costs for Camilla Parker Bowles. The prince also helped to raise around £100m for charity in the year 2003-04. He met an estimated 10,000 people during his 517 engagements and hosted 9,000 guests at royal residences. The prince received around 33,000 letters from the public and wrote 2,000 himself, with a further 10,000 written on his behalf. Personal costs According to the review, his pre-tax income grew by nearly £2 million to £11.9 million in 2003-04, with the value of his estate increasing by 14%. The prince's income puts him among the UK's top earners, a London-based financial expert said. Justin Urquhart Stewart, of Seven Investment Management, said Charles would be "in the top 100 in terms of income". But he added that "there's not a lot he can do" with his wealth, given that he is not allowed to make money from the sale of the duchy's properties. The prince's private secretary, Sir Michael Peat, said: "People are entitled to know how the Prince of Wales fulfils his public role." The report marked the first time that Mrs Parker Bowles had been mentioned in the prince's accounts, with three references to her appearing in the 48-page document. Sir Michael said her appearance in the review was "not hugely significant". "Obviously her staff have an office to cope with work that arises because of her connection with the Prince of Wales." The number of full-time staff employed by the prince increased from 91 to 112, including 73 by the duchy, which spans around 56,000 hectares and is worth more than £463 million. Created in 1337 by Edward III, the duchy's main purpose has been to provide an income for the heir to the throne. 'Accountability' Prince Charles, who is the 24th Duke of Cornwall, does not own the duchy's assets but is entitled to its annual net surplus. Properties from which he receives an income include The Oval cricket ground and Dartmoor Prison. Grants-in-aid to the prince, for official travel and the maintenance of royal residences, also increased, from £2.7 million to £3.8 million. The prince voluntarily pays income tax at 40% on his duchy income and, like William and Harry, does not have an allowance from the Civil List. Charles' tax bill was included in his £4.4 million personal expenditure, and he spent a further £5.9 million on official duties and charitable activities, the figures revealed. The review divided Charles' duties into three areas: supporting the Queen, working as a charitable entrepreneur and promoting Britain. It sums up by saying that he seeks "to use his unique position to make a difference for the better". The BBC's Royal Correspondent Peter Hunt said the prince's aides had stressed the review's "emphasis on accountability". He added that they were "very keen to focus on the work that he does and not his private life".
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"The future belongs to those who believe in the beauty of their dreams" Eleanor Roosevelt Sofia's Royal Sweden | Toute Royale |
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#126
02-04-2005, 08:19 PM
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Very interesting about his finances:
From The Observer, 30 January 2005:
The prince of property and his £460m business empire MPs are to probe the complex financial affairs of the Duchy of Cornwall that let Charles sell his own trees to himself and pocket the cash Any fan of the royal family driving past the Punchbowl industrial park in Hemel Hempstead, Hertfordshire, is unlikely to think twice about the grey warehouses Yet this drab piece of commercial real estate now has its own blue blood connections. The large Wickes distribution depot at one corner of Punchbowl may be a far cry from the grand surroundings of Highgrove, the rolling hills of Dartmoor or the 'idyllic' Poundbury village in Dorchester. But like all these chunks of valuable real estate, the Wickes warehouse is now proudly owned by Prince Charles. An Observer investigation has revealed that the heir to the throne is reaping record returns from property acquisitions channelled through the Duchy of Cornwall, Charles's 700-year-old estate given to him by his mother in 1969 as a 21st birthday present. Next week the Duchy of Cornwall's finances will for the first time come under independent public scrutiny. On Monday 7 February, the powerful House of Commons Public Accounts Committee will begin calling witnesses as they probe the inner workings of the opaque Duchy accounts. As our analysis shows, MPs on the committee will have plenty to quiz the royal accountants about. Unlike the Queen, who is paid through the Civil List, Charles gains his money through the duchy. Last year his estate awarded him an income of almost £12 million - a 20 per cent rise on the previous year. An analysis of the duchy's historic accounts reveals that since 1993, when the Prince of Wales was paid £2.9m, he has enjoyed a 300 per cent pay rise. This is equivalent to more than 25 per cent a year during a period when average earnings rose by 5 per cent a year. In large part, Charles' soaring pay has come from the transformation of the duchy into a huge commercial enterprise. It still owns vast tracts of land, including 70,000 acres in Devon, 18,000 acres in Cornwall, 15,000 acres in Somerset and practically all of the Isles of Scilly. He still also owns landmark properties such as the Oval cricket ground in London. But Charles has also been collecting office blocks, retail outlets and a string of businesses in a series of astute transactions which belie the commonly held belief that Charles is little more than a do-gooder who talks to plants. The most important plants to him are those he sells through the Duchy Nursery, along with premium-priced organic biscuits, jams and sausages through the company Duchy Originals. The entire operation is now valued at £463m, although financial analysts believe this is a substantial underestimate. Yet despite its lucrative business dealings, the duchy, because of its royal heritage, is exempt from corporation tax and capital gains tax. A quick analysis of its operations reveals this tax break to have been hugely valuable to the Prince and is estimated to have saved him a tax bill of some £20m over the past decade. But it is this tax exemption that threatens to be the latest embarrassment for the royal family. At the top of the agenda for the Commons inquiry is whether this multi-million-pound tax break gives value for money. Snaking through the Tamar valley in north Cornwall are the 130-acre Greenscombe Woods owned by the Duchy of Cornwall for centuries. Its canopy is not full of traditional oaks; instead, the valley's southern slopes are clothed in tall Douglas firs, Western red cedars and Leyland spruces, grown as part of the duchy's timber business. But it is not just the trees that make Greenscombe distinct. Its uniqueness derives from a peculiar financial transaction that occurred six years ago when Charles was in need of cash after his expensive divorce settlement. The Prince of Wales cannot, by law, sell any part of the duchy estate. Yet in a creative accounting ruse that would make many in the City proud, Charles claimed he owned the trees personally, not the duchy. This allowed him to sell thousands of trees growing on duchy land back to the duchy and earn £2.3m in cash. In effect, he sold the trees to himself and pocketed the proceeds. 'This is certainly one transaction we will want to investigate thoroughly,' said Labour MP Alan Williams, who sits on the public accounts committee. 'We need to be confident that Prince Charles is not abusing taxpayers' money in any way.' Duchy officials say that Charles was the driving force for developing the woodland and used his income to maintain the trees. They claim that he would only have benefited from the trees when they were felled and then sold for timber. Another controversial area that the Commons inquiry is likely to examine is the cost of funding the office of his partner, Camilla Parker Bowles. Last year's duchy accounts revealed for the first time she was an official member of the household. It stated: 'Income from the Duchy of Cornwall is used to meet personal expenditure for the Prince of Wales, Princes William and Harry, and some personal costs of Mrs Parker Bowles.' It is understood that Charles provides her with two part-time secretaries, a driver and a gardener for her Wiltshire home. The Prince also pays for her bodyguards, travel, jewellery, clothes, an adviser and stabling for her horses. She also now has an office at Clarence House. One former senior palace official told The Observer that the Duchy of Cornwall is being driven by Charles's need to make more money. 'He has growing sons, a more visible high-profile partner and professional passions that need ever-increasing amounts of money.' Last summer Sir Michael Peat, Charles's private secretary, published a review that was meant to show that Charles led a simple life. They showed that Charles was a major benefactor to charity and worked hard to fulfil his public duties. But they also revealed his lifestyle is far from frugal. His jump in salary let him increase the staff from 91 to 113. His 28 personal staff include secretaries, a chef, grooms, valets, gardeners, estate workers and domestic staff. Much of his lifestyle costs are written off against tax. In 2003 it emerged he wanted polo bills listed as a business expense. The review said Charles only owned one car, yet failed to mention he leases a fleet of luxury vehicles. At the time Peat said: 'The Prince of Wales ... is exceptionally hard-working and gives the majority of private money to fund his duties and official work.' The Commons committee will be testing that assertion.
__________________
"The future belongs to those who believe in the beauty of their dreams" Eleanor Roosevelt Sofia's Royal Sweden | Toute Royale |
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#127
02-05-2005, 04:28 AM
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well it gives us something to talk about, will go and get the saterday telegraph.
(off topic but can some one tell me what broadly speaking is the difference between the observer and the telegraph) |
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#128
02-05-2005, 06:46 AM
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Broadly speaking the Observer (a Sunday paper - the daily equivalent is the Guardian) is probably the most politically left wing of the broadsheet newspapers whereas the Telegraph is the most right-wing and probably the most supportive of the royal family.
The other two broadsheets are the Times, which is owned by Rupert Murdoch, a supporter of a republic (at least in Australia and probably also in the UK), and the Independent, which has behaved from its inception (it's the newest of the broadsheets) as though the royal family were irrelevant. Probably if you read about the same thing in the Telegraph and the Guardian/Observer and take an average, you'll be somewhere near the facts of the case since those two papers will put opposite slants on the story. |
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#129
02-05-2005, 08:17 AM
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#130
02-05-2005, 09:10 AM
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    her fiancee', Charles, who got married to a girl of barely 20, knowing all along he would have never even tried to treat her like his wife, she was for him only the suitable woman who could carry his own kids, and of course the 1 who would be the King/ Queen after his death, Diana was just a kind of cow, for him, as soon as she gave birth to 2 sons, he got back to his great love, Camilla, and from that time he always refused to get on having a sex life with his own wife, as he did not need her anymore- an accident ? who knows..... I think only a few ppl really believe it was only an accident. |
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#131
02-05-2005, 09:22 AM
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#132
02-05-2005, 09:25 AM
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Last edited by tipper; 02-05-2005 at 09:58 AM. |
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#133
02-05-2005, 09:34 AM
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#134
02-05-2005, 09:39 AM
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#135
02-05-2005, 09:47 AM
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I'm not saying Diana should have just stayed home and cried. She should not have given the RF or the tabloids any ammunition to shoot her down with. She could have exercised more discretion over her own life. no one would question her credibility if she never had those multiple affairs, some with married men. She would be alive today if she didn't "lose her head" over Dodi. Her main concern was to get back at Charles. Her main concern should have been to look after William and Harry. If she was around, maybe those boys would not be making the mistakes they are now. |
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#136
02-05-2005, 09:50 AM
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have u heard that Di's father was so mean to her, even hit her, and ...OMG, what about her late mother ?Better not saying more about that woman as she's dead, now- |
;)
