The Royal Forums Coat of Arms


Join The Royal Forums Today
Reply
 
Thread Tools Search this Thread Display Modes
 
  #1401  
Old 05-27-2020, 01:20 PM
Heir Presumptive
 
Join Date: Oct 2013
Location: St Thomas, U.S. Minor Outlying Islands
Posts: 2,545
Quote:
Originally Posted by Durham View Post
1 This is my understanding as well although I can see how a different interpretation can also be drawn from the wording of the official government guidance on the act.
But as a matter of pragmatism, an interpretation that is at odds with the explicitly stated intentions of the Parliament and Government isn't likely to gain traction.


Quote:
Originally Posted by Durham View Post
2 I suspect that the wording will be changed to "heir apparent" at some point. Granting an heir presumptive 20 million a year for some unknowable period would be unprecedented. Such an individual could amass a very considerable fortune over a decade or more & then be replaced by an (infant) heir apparent.
I don't see a considerable fortune as more of a necessity for an heir apparent than an heir presumptive. In fact, there are higher odds that a Princess Charlotte who is heiress presumptive to a childless King George would be old enough to require funding for full-time royal duties and financially supporting her own children or grandchildren, compared with a child or grandchild of King George who is heir apparent, who would have higher odds of being single or not (yet) a full-time working member of the family.
__________________

Reply With Quote
  #1402  
Old 05-27-2020, 01:34 PM
Courtier
 
Join Date: Aug 2019
Location: Northamptonshire, United Kingdom
Posts: 774
Quote:
Originally Posted by Tatiana Maria View Post
But as a matter of pragmatism, an interpretation that is at odds with the explicitly stated intentions of the Parliament and Government isn't likely to gain traction.

I don't see a considerable fortune as more of a necessity for an heir apparent than an heir presumptive.
I do your understand your first point & I don't necessarily disagree that much.

Your second point - I do agree in this sense - an heir apparent doesn't need such a large income either. What is the funding of other heirs?
__________________

Reply With Quote
  #1403  
Old 05-27-2020, 01:44 PM
Serene Highness
 
Join Date: Jan 2018
Location: Bellevue, United States
Posts: 1,292
Not sure if it will go anywhere, but the House of Lords is currently considering a Duchy of Cornwall Bill, in order to:

"Amend the succession to the title of Duke of Cornwall; to remove various powers, exemptions and immunities from the Duchy of Cornwall; to make provisions relating to the Treasury Solicitor and any solicitor or attorney appointed in the affairs of the Duchy; and for connected purposes."

https://services.parliament.uk/Bills/2019-21/duchyofcornwall.html
Reply With Quote
  #1404  
Old 05-27-2020, 01:57 PM
Courtier
 
Join Date: Aug 2019
Location: Northamptonshire, United Kingdom
Posts: 774
Is this a private members bill I wonder? There have been others in the past.
Reply With Quote
  #1405  
Old 05-27-2020, 02:06 PM
Courtier
 
Join Date: Aug 2019
Location: Northamptonshire, United Kingdom
Posts: 774
Here we go - from 2108 but it's the same sponsor as this one in 2020 as well I'm sure.

https://www.theyworkforyou.com/lords...-10-26a.1080.1

Wordy but interesting.
Reply With Quote
  #1406  
Old 05-27-2020, 02:26 PM
Serene Highness
 
Join Date: Jan 2018
Location: Bellevue, United States
Posts: 1,292
Quote:
Originally Posted by Durham View Post
Here we go - from 2108 but it's the same sponsor as this one in 2020 as well I'm sure.

https://www.theyworkforyou.com/lords...-10-26a.1080.1

Wordy but interesting.

In other words this bill probably won't go anywhere?
Reply With Quote
  #1407  
Old 05-27-2020, 02:45 PM
Courtier
 
Join Date: Aug 2019
Location: Northamptonshire, United Kingdom
Posts: 774
Quote:
Originally Posted by Gawin View Post
In other words this bill probably won't go anywhere?
Yes I'm sure that's the case. Private members bills are about 90% unsuccessful. That's to do with the parliamentary time they have allotted not the subject of the bill. The vast majority of legislation is government led.

Under a different (non Conservative) government who knows. Don't be misled by its failure though, the questions are unlikely to go away, that's clear when you read the debate. And this is the Lords, far less adversarial than the Commons.
Reply With Quote
  #1408  
Old 06-30-2020, 05:32 PM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,804
A long, but easy to read, article from the last 24hrs.

"Royal Flush ...The royal family has more than doubled its income ...yet tensions in the family over money remain"

Royal finances expert David McClure, author of the forthcoming book, "The Queen's True Worth", is quoted.

https://members.tortoisemedia.com/20...s/content.html
Reply With Quote
  #1409  
Old 06-30-2020, 05:39 PM
Lumutqueen's Avatar
Imperial Majesty
Royal Blogger
 
Join Date: Aug 2007
Location: Middlewich, United Kingdom
Posts: 21,337
Quote:
Originally Posted by Sun Lion View Post
A long, but easy to read, article from the last 24hrs.

"Royal Flush ...The royal family has more than doubled its income ...yet tensions in the family over money remain"

Royal finances expert David McClure, author of the forthcoming book, "The Queen's True Worth", is quoted.

https://members.tortoisemedia.com/20...s/content.html


This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances but all about pushing his new book.

It’s a shame this person can pass as an “expert” when most of the posters on this forum know more than he.
__________________
We Will Remember Them.
Reply With Quote
  #1410  
Old 06-30-2020, 06:03 PM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,804
Quote:
Originally Posted by Lumutqueen View Post
This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances but all about pushing his new book.

It’s a shame this person can pass as an “expert” when most of the posters on this forum know more than he.

Mr McClure’s book is not mentioned in the article as far as I can see Lumutqueen.

He did not write this article.

Two other people wrote this article.

In a couple of places they quoted David McClure.

I pointed out in my post that he has a forthcoming book, “The Queen’s True Worth”, as I created a thread for this book yesterday.

You have mis-directed your criticism of the article by singling out Mr McClure, who did nothing but provide a few quotes to the actual writers of the article.
Reply With Quote
  #1411  
Old 06-30-2020, 06:42 PM
Heir Apparent
 
Join Date: Apr 2006
Location: England, United Kingdom
Posts: 3,055
It will be interesting to see what levels the Sovereign Grant goes back to when the BP refurb is paid for. The RF seem to go through periods of either chronic under or over funding IMO.
Reply With Quote
  #1412  
Old 07-01-2020, 08:34 AM
muriel's Avatar
Majesty
 
Join Date: Jun 2007
Location: London / Guildford, United Kingdom
Posts: 9,711
Quote:
Originally Posted by tommy100 View Post
It will be interesting to see what levels the Sovereign Grant goes back to when the BP refurb is paid for. The RF seem to go through periods of either chronic under or over funding IMO.
My understanding is that the Sovereign Grant has been settled at 15% of the annual profits from the Crown Estate, with certain "stabilisation" features to prevent major fluctuations from year to year. There is an incremental allocation to fund the one-off refurbishment of BP.
Reply With Quote
  #1413  
Old 07-01-2020, 09:52 AM
Heir Presumptive
 
Join Date: Oct 2013
Location: St Thomas, U.S. Minor Outlying Islands
Posts: 2,545
Quote:
Originally Posted by Lumutqueen View Post
This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances
Can you name an instance of a factual inaccuracy in the article?

I have read the article and it is certainly about British royal wealth and finances.
Reply With Quote
  #1414  
Old 07-01-2020, 11:32 AM
Lumutqueen's Avatar
Imperial Majesty
Royal Blogger
 
Join Date: Aug 2007
Location: Middlewich, United Kingdom
Posts: 21,337
Quote:
Originally Posted by Sun Lion View Post
You have mis-directed your criticism of the article by singling out Mr McClure, who did nothing but provide a few quotes to the actual writers of the article.

I think you’ll find I have not misdirected any of my own criticism, thank you.

He is quoted in the article as being an expert, I believe as I wrote, there are better people in this forum who are greater experts than he.

As to the no mention of his book, there doesn’t have to be a mention. The fact you yourself made the connection that he has a book coming out and suddenly appears in an article supposedly about royal wealth and finances, is enough to show it’s a targeted attempt to link the two.

Quote:
Originally Posted by Tatiana Maria View Post
Can you name an instance of a factual inaccuracy in the article?



I have read the article and it is certainly about British royal wealth and finances.

I think this point makes my argument quite clear;

“In other words, the Queen is flush with cash.”

We’ll agree to disagree on the contents of the article.
__________________
We Will Remember Them.
Reply With Quote
  #1415  
Old 07-01-2020, 11:44 AM
Pairs of the Realm's Avatar
Commoner
 
Join Date: Mar 2020
Location: Manila, Philippines
Posts: 10
I don’t know if this could be a bit off-topic, or at least strayed from the discussions about finances of the senior working royals, but I would like to seek help regarding this matter.

Most of BRF royal watchers are aware that the Snowdons (David and Serena) announced their intention to divorce. A lot has been going on in my mind especially on how they intend to split their assets. Serena comes from a wealthy landowner family while David worked his way up to establish his business, but at the same time his company had to be bailed out from different firms and partnerships - some of them quite shady (such as a brother of the former Malaysian Prime Minister who was involved in a big financial scandal and another is a former Putin ally).

I’m afraid I’ve been reading a lot of stuff from the Daily Fail, erm, Mail - https://www.dailymail.co.uk/news/art...rticle-8016005

It’s hard to get more visible and public sources about the Snowdons’ money. David did inherit a lot from his late mother, Princess Margaret, as well as the Queen Mother’s. He also inherited a portion of Lord Snowdon’s money (£3.2 million divided between his 3 legit children and 1 son out of wedlock), and the photographic company Armstrong-Jones Ltd, managed by the 3 legits (David, Sarah, Frances). As well as the £10 million worth of the house his late father lived to be held in trust for his children, as the Queen bought it for him as part of the divorce settlement from Princess Margaret. And perhaps the late 1st Earl may have claimed expenses in the House of Lords?

Does anyone know how expenses in the Lords work? Peers are entitled to claim as much as £300 per day. No wonder a lot of peers get flak for just attending the Lords to pick up the cash.

I don’t think I should meddle in this but what are your thoughts on David’s approach on money? He seems to be a not so good investor and his solution is to sell off his parents’ soul, erm, heirlooms LMAO.

Would Serena get a share of her father’s inheritance once the Earl of Harrington passes away, or would everything go to her brother?

How does Snowdon’s photographic estate work? Do they make a lot of money when magazines use his photos? For example, Vanity Fair recently featured Princess Anne in their cover for May 2020, and the photo was by Snowdon.
Reply With Quote
  #1416  
Old 07-01-2020, 12:39 PM
Heir Presumptive
 
Join Date: Oct 2013
Location: St Thomas, U.S. Minor Outlying Islands
Posts: 2,545
Quote:
Originally Posted by Lumutqueen View Post
I think you’ll find I have not misdirected any of my own criticism, thank you.

He is quoted in the article as being an expert, I believe as I wrote, there are better people in this forum who are greater experts than he.

As to the no mention of his book, there doesn’t have to be a mention. The fact you yourself made the connection that he has a book coming out and suddenly appears in an article supposedly about royal wealth and finances, is enough to show it’s a targeted attempt to link the two.




I think this point makes my argument quite clear;

“In other words, the Queen is flush with cash.”

We’ll agree to disagree on the contents of the article.
Thank you for the clarification, but I cannot agree that "the Queen is flush with cash" is a factual inaccuracy; by any measure she has more cash in reserve than the average British citizen.

Yes, we will have to agree to disagree that citing the sources of the information reported changes the topic of the article from royal wealth and finance.
Reply With Quote
  #1417  
Old 07-01-2020, 06:45 PM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,804
[QUOTE=Lumutqueen;2323632]

I don’t understand your thinking on this at all Lumutqueen.
Reply With Quote
  #1418  
Old 07-01-2020, 06:50 PM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,804
Quote:
Originally Posted by Tatiana Maria View Post
Thank you for the clarification, but I cannot agree that "the Queen is flush with cash" is a factual inaccuracy; by any measure she has more cash in reserve than the average British citizen.

Yes, we will have to agree to disagree that citing the sources of the information reported changes the topic of the article from royal wealth and finance.
Appreciate your common sense here Tatiana Maria.
Reply With Quote
  #1419  
Old 07-01-2020, 07:23 PM
Heir Apparent
 
Join Date: May 2014
Location: Pittsburgh, United States
Posts: 5,986
Quote:
Originally Posted by muriel View Post
My understanding is that the Sovereign Grant has been settled at 15% of the annual profits from the Crown Estate, with certain "stabilisation" features to prevent major fluctuations from year to year. There is an incremental allocation to fund the one-off refurbishment of BP.

Hasn't it been raised recently to 25 % rather than 15 % of the surplus revenue from the Crown Estate?
Reply With Quote
  #1420  
Old 07-02-2020, 03:42 AM
Lumutqueen's Avatar
Imperial Majesty
Royal Blogger
 
Join Date: Aug 2007
Location: Middlewich, United Kingdom
Posts: 21,337
Quote:
Originally Posted by Mbruno View Post
Hasn't it been raised recently to 25 % rather than 15 % of the surplus revenue from the Crown Estate?


Since 2017/18 it’s been 25% yes.
__________________

__________________
We Will Remember Them.
Reply With Quote
Reply

Tags
british royal family, civil list, finances


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Royals & Nobles and Wealth, Costs and Finances kcc Royal Life and Lifestyle 446 11-03-2019 05:42 PM
Costs and Finances of the Belgian Royal Family Marengo Royal Family of Belgium 118 07-16-2019 03:30 PM
Wealth and Finances of the Spanish Royal Family hrhcp Royal Family of Spain 156 04-06-2018 07:21 PM
Wealth of The German Royal/Princely Houses kcc Royal Families of Austria and Germany 12 12-30-2007 03:35 AM




Popular Tags
althorp anastasia once upon a time ancestry armstrong-jones belgian royal belgian royal family belgium chittagong cover-up crown princess victoria danish royalty dna dutch royal family dutch royals emperor family tree games haakon vii hill history house of bernadotte house of glucksburg interesting israel italian royal family jacobite jumma kids movie king salman list of rulers lithuania lithuanian palaces mailing mary: crown princess of denmark memoir monogram mountbatten netflix nobel prize norwegian royal family popularity prince charles prince dimitri princely family of monaco princess elizabeth princess margaret pronunciation queen mathilde queen maud queen paola rown royal balls royal court royal events royal family royal spouse royalty royal wedding russian imperial family saudi arabia spain spanish history spencer family sweden thailand tracts united states of america unsubscribe videos wedding gown


All times are GMT -4. The time now is 05:18 AM.

Social Knowledge Networks

eXTReMe Tracker
Powered by vBulletin
Copyright ©2000 - 2020
Jelsoft Enterprises
×