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  #61  
Old 06-23-2009, 04:36 AM
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Anti-monarchy group Republic have called on the government to stop subsidising the royal family after news that Prince Charles's fortunes rose in value by £58 million in 2007-8

Prince Charles's fortune increases by £58m / Britain / Home - Morning Star
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  #62  
Old 06-23-2009, 05:31 AM
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The Prince releases his annual report today, it includes the offical finances from the Duchy of Cornwall. BBC News has reported that the funding from the tax payer (grants in aid) has risen 24% to £3,000,000. His overall income was up 1%. The main reason was an increase in travel by air and rail which increased by about 48% to £1.7million.
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  #63  
Old 06-23-2009, 06:36 AM
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The amount of money the Prince of Wales receives from the taxpayer jumped by almost a quarter last year.

Charles Prince Of Wales' Taxpayer Funding Up By Almost 24pc: Accounts Show Tax Bill Fell By 10pc | UK News | Sky News

The Prince of Wales's funding from the taxpayer rose by almost a quarter last year, Clarence House accounts showed today.
The money from grants-in-aid and Government departments jumped 23.5% from £2,454,000 to £3,033,000

Prince Charles gets 23.5% more cash from taxpayer | News
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  #64  
Old 06-23-2009, 06:38 AM
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Whereas of course it is not his fortune at all. It is the book value of the Duchy and can't be liquidated.
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  #65  
Old 06-23-2009, 07:58 AM
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Here is a link to the full annual report including information on TRH's activites this year
http://www.princeofwales.gov.uk/cont...09_smaller.pdf
And here is the section just on expenditure and income:
http://www.princeofwales.gov.uk/cont..._and_Staff.pdf
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  #66  
Old 06-23-2009, 09:27 AM
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Whereas of course it is not his fortune at all. It is the book value of the Duchy and can't be liquidated.
Surely you don´t mean that he doesn´t use this money from the Duch, as it is not his private fortune.
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  #67  
Old 06-23-2009, 09:55 AM
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Originally Posted by Wisteria View Post
Surely you don´t mean that he doesn´t use this money from the Duch, as it is not his private fortune.

He can use the income but not the capital.

The capital has increased to 58 million pounds and he can't touch that 58 million pounds i.e. he can't sell any of it.

The income that money generates is about 16 - 18 million pounds and that is his to use to support his family and live on (alone with pay quite a bit of it in tax).

The same thing happens with the Duchy of Lancaster estate. The Queen uses the income generated from the estate as her personal income but she can't liquidate the assets.

This ensures that the monarch and heir have an income separate from the parliament and separate from each other (the monarch doesn't have to support the heir).

Neither of them can sell the assest of these estates. They have to be passed on in full to their successor, ensuring that they also have an income. If they are able to increase the worth of the estate during their stewardship that is all to the good. Charles has certainly been able to do that indicating that he is a good businessman.
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  #68  
Old 06-23-2009, 07:09 PM
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Originally Posted by Skydragon View Post
The Prince of Wales's funding from the taxpayer rose by almost a quarter last year, Clarence House accounts showed today.
The money from grants-in-aid and Government departments jumped 23.5% from £2,454,000 to £3,033,000
Where does the figure for £3.033 million come from? The accounts show that the total 'grant-in-aid' derived from the taxpayer to cover travel, some communication & office costs is £2.2 million up from £1.9million in the previous year not the figures being put out by the media.
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  #69  
Old 06-23-2009, 10:48 PM
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No one will take up a collection for them. Either way they live better than most and do little to earn it. Cutting ribbons and attending functions is not considered hard labor.
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  #70  
Old 06-24-2009, 04:23 AM
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Originally Posted by Iluvbertie View Post
He can use the income but not the capital.

The capital has increased to 58 million pounds and he can't touch that 58 million pounds i.e. he can't sell any of it.
Just one minor detail, Charles through the Duchy can sell some of the properties or goods owned, but Charles cannot directly benefit from it.
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  #71  
Old 06-24-2009, 08:07 AM
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Another detail, the book value of the assets of the Duchy of Cornwall is now £647 million. Most of this would be represented by land and property.
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  #72  
Old 06-24-2009, 08:37 AM
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Originally Posted by Skydragon View Post
Just one minor detail, Charles through the Duchy can sell some of the properties or goods owned, but Charles cannot directly benefit from it.
Selling the capital can only be made to increase the capital - sorry I should have made that point clearer.

He can't sell the capital to use for day to day expenses.

He can manage the capital to increase that capital and along the way increase the income from that capital.
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  #73  
Old 06-24-2009, 11:18 AM
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Did you say £647 million Warren? Oh dear, the poor man, do you think he will manage to get by on that?
I love his bikkies and I will buy a few extra packets to help him keep his head above water, every little penny helps.
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  #74  
Old 06-24-2009, 04:47 PM
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Originally Posted by Wisteria View Post
Did you say £647 million Warren? Oh dear, the poor man, do you think he will manage to get by on that?
I love his bikkies and I will buy a few extra packets to help him keep his head above water, every little penny helps.

This is not his personal fortune but the book value of the assets which creates the income on which he lives.

That book value will be passed to William on the death of the present Queen, assuming Charles is her successor (that Charles outlives his mother).
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  #75  
Old 06-25-2009, 12:32 PM
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Originally Posted by BellaFay View Post
Where does the figure for £3.033 million come from? The accounts show that the total 'grant-in-aid' derived from the taxpayer to cover travel, some communication & office costs is £2.2 million up from £1.9million in the previous year not the figures being put out by the media.
Some of the difference may be money granted for infrastructure improvements or repairs to Clarence House. Since the residence is owned by the Crown, the Government usually provides some money for repair and upkeep if occupied by a senior member of the royal family.
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  #76  
Old 07-17-2009, 02:06 PM
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Blurs' Alex James is to make cheese for Prince Charles.

The bassist, who reformed with Blur this year, will begin to supply cheese by royal appointment after agreeing a deal with the Prince of Wales.

Blur's Alex James to make cheese for Prince Charles | News | NME.COM

Prince Charles' rocking cheese - Monsters and Critics
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  #77  
Old 07-18-2009, 09:54 AM
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I don't think I have ever heard of something stranger. A singer from a boy band to make cheese for the prince of wales. Well it's certainly original.
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  #78  
Old 07-19-2009, 05:01 AM
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PRINCE Charles's ailing Duchy Originals firm is on the brink of being taken over by supermarket giant Waitrose, we can reveal.

Prince Charles's Duchy Originals may be sold to Waitrose. | News | News Of The World

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  #79  
Old 08-03-2009, 04:56 AM
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When he founded the organic food range in 1990 and began selling products from his own Home Farm, he daydreamed, extraordinarily, it would grow so large that it would one day 'rival Sainsbury's'.

Read more: Too expensive, unpopular, out of touch with modern Britain... and that's just Prince Charles's biscuits | Mail Online

At least I will still be able to get my biscuits!
----------------------------
Despite being one of the country's wealthiest landowners, Prince Charles pulled in his purse strings in response to the economic crisis, and revealed how he had managed to slash £500,000 from his personal spending bill.

Read more: http://www.dailymail.co.uk/debate/ar...#ixzz0N6nRP4Vh

£520 per month seems very reasonable to me, considering some 3 bedroom rental properties in the Highlands cost £600-700 per month. I wonder how much it cost for a council house on the Isles?

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  #80  
Old 08-07-2009, 05:17 AM
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As Prince Charles digests the catastrophic 70 per cent slump in profits of his beloved organic food company, Duchy Originals, I can reveal that the man charged with turning its fortunes round has an intriguing corporate history of his own.
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