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06-23-2009, 04:36 AM
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Imperial Majesty
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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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06-23-2009, 05:31 AM
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Nobility
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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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06-23-2009, 06:38 AM
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Administrator in Memoriam
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Quote:
Originally Posted by Skydragon
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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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06-23-2009, 09:27 AM
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Courtier
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Quote:
Originally Posted by Warren
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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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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06-23-2009, 09:55 AM
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Imperial Majesty
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Quote:
Originally Posted by Wisteria
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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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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06-23-2009, 07:09 PM
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Aristocracy
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Quote:
Originally Posted by Skydragon
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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06-23-2009, 10:48 PM
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Heir Apparent
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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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06-24-2009, 04:23 AM
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Imperial Majesty
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Quote:
Originally Posted by Iluvbertie
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.
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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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06-24-2009, 08:07 AM
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Administrator in Memoriam
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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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06-24-2009, 08:37 AM
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Imperial Majesty
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Quote:
Originally Posted by Skydragon
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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06-24-2009, 11:18 AM
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Courtier
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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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06-24-2009, 04:47 PM
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Imperial Majesty
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Quote:
Originally Posted by Wisteria
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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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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06-25-2009, 12:32 PM
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Heir Presumptive
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Quote:
Originally Posted by BellaFay
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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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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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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08-03-2009, 04:56 AM
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Imperial Majesty
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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'.
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08-07-2009, 05:17 AM
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Imperial Majesty
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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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