The Royal Forums Coat of Arms


Join The Royal Forums Today
Reply
 
Thread Tools Search this Thread Display Modes
 
  #1  
Old 06-30-2020, 12:55 AM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,937
The Queen's True Worth

A new book on it's way:

David McClure has written previously on this topic.

Royal Reporter Richard Palmer has some insights into Mr McClure's new book in regard to the effect of the Coronavirus/Covid 19 pandemic on the Prince of Wales' income.

"A serious financial storm in the near future" for the Duchy of Cornwall.

Prince Charles supports a large personal staff, and has working Royals, the Duke and Duchess of Cambridge, to consider.

How will the non-working Royals, the Sussex's, fare in a downturn of Charles' ready cash.
__________________

Reply With Quote
  #2  
Old 08-15-2020, 11:07 PM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,937
Book due out soon - September.

https://www.amazon.com.au/Queens-Tru.../dp/B08DCQZQ9V
__________________

Reply With Quote
  #3  
Old 09-16-2020, 02:29 AM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,937
Some newpaper articles based on this new book -

https://www.express.co.uk/news/royal...-charles-farms

https://www.dailymail.co.uk/news/art...on-higher.html
Reply With Quote
  #4  
Old 09-24-2020, 01:33 AM
Sun Lion's Avatar
Royal Highness
 
Join Date: Oct 2012
Location: Sydney, Australia
Posts: 1,937
A little more from "The Queen's True Worth" - by the author himself.

This time in "Town and Country" -

https://www.townandcountrymag.com/so...inancial-cost/


And the "Daily Express" newspaper has been serialising Mr McClure's book for it's readers.
Reply With Quote
  #5  
Old 09-24-2020, 04:12 AM
AC21091968's Avatar
Courtier
 
Join Date: Aug 2020
Location: Sydney, Australia
Posts: 725
Quote:
Originally Posted by Sun Lion View Post
A little more from "The Queen's True Worth" - by the author himself.

This time in "Town and Country" -

https://www.townandcountrymag.com/so...inancial-cost/


And the "Daily Express" newspaper has been serialising Mr McClure's book for it's readers.
Thank you Sun Lion of the Town and Country article that is written by David McClure. From just reading through the article, McClure goes through a lot of details about the expenses in maintaining estates. Without discrediting McClure, he is "A TV producer and columnist for The Guardian". The Guardian at some point make their left-leaning views and Republicanism (anti-monarchy) quite publicly. I also checked the articles McClure has written for the Guardian, not surprisingly, he is very critical of the Royal Family.

https://www.theguardian.com/profile/david-mcclure

In the Town and Country articles that McClure has written, I could not tell if he was actually a republican, because the points he made were objective.

https://www.townandcountrymag.com/au...david-mcclure/

Putting that aside, it would be interesting to read The Queen's True Worth: Unravelling the public & private finances of Queen Elizabeth II, from the perspective of a Republican with left-leaning opinions, if he actually made his position clear like in the Guardian. If the book is written similarly to the Town and Country's style and tone, then I don't think readers would be "turn off" by the overtly criticism.
Reply With Quote
  #6  
Old 09-24-2020, 04:42 AM
Tarlita's Avatar
Heir Presumptive
 
Join Date: Nov 2007
Location: Near Brisbane, Australia
Posts: 2,138
How do you work out HM's true worth? It is extremely complicated. The Palace of Westminster, Buckingham Palace, and Windsor Castle all in Right of the Crown. Work that one out. Then the art work in all of those palaces is owned by the Monarch. So said Royalty magazine in 1992 in an article on Christopher Lloyd her purveyor of The Queens pictures. Back then the art work was valued/estimated to be worth seven billion. The paintings belong to HM nothing was said about it being in right of the crown.

Then there are her investments in other countries mainly Commonwealth countries. In 1977, when I was in Tamworth NSW the locals were all talking about her visit to open a new
building. That is when I saw her and Prince Philip drive by in a Bentley. The locals all said she owned a large property/ranch outside of town. I found that very interesting?

Don't forget she inherited diamond mines in Sth Africa from her father.
Back to Australia, I have met quite a few workers from Rio Tinto in Western Australia who all told me she owned 52% of Rio Tinto. That let me tell you is worth billions. I could never understand why the Merlin diamond mine in the Northern Territory found a very large diamond around 105 carats and they gave it to Queen Elizabeth 11. It was in the news at the time. It was owned by Rio Tinto.

So working out how much Her Majesty is worth is extremely difficult especially as financial assets are bought and sold. We don't know what she owns in Canada or New Zealand for instance.
Then there is her stock market portfolio. Remember how disappointed she was during the GFC in 2008.
Reply With Quote
  #7  
Old 09-24-2020, 05:11 AM
Courtier
 
Join Date: Aug 2011
Location: Berlin, Germany
Posts: 547



Well, fact is, after the fire in Windsor the Queen volunteered to pay taxes in exchange for some funding to repair the Castle.

A Queen, which pays taxes! And if she cheats, will she then be thrown into the Tower? This was a bitter loss of sovereignity!

Just because of the lack of monies!
Reply With Quote
  #8  
Old 09-24-2020, 06:15 AM
Tarlita's Avatar
Heir Presumptive
 
Join Date: Nov 2007
Location: Near Brisbane, Australia
Posts: 2,138
That's true Victor. HM pays taxes on investments in the UK. I couldn't say what the tax arrangements are on foreign investments.
Reply With Quote
  #9  
Old 09-24-2020, 08:33 AM
AC21091968's Avatar
Courtier
 
Join Date: Aug 2020
Location: Sydney, Australia
Posts: 725
I have heard some people said that The Queen is the biggest tax contributor, if you consider the percentage (25%) that goes into the Sovereign grant, while the rest (75%) goes into the Treasury. On top of that, she may have paid income tax and other taxes (which I am unsure of).
Reply With Quote
  #10  
Old 09-25-2020, 10:20 PM
AC21091968's Avatar
Courtier
 
Join Date: Aug 2020
Location: Sydney, Australia
Posts: 725
I'm not quite sure if I should put it in this thread or the Royal Wealth & Finances thread.

Andrew Adonis, Baron Adonis (Labour life peer in the House of Lords) has tweeted out and tagged David McClure.
Andrew Adonis @Andrew_Adonis
The royal finances are deliberately opaque but @davidjmcclure’s new book shows that the monarchy enjoyed a bonanza from big increases in state support after 2010 plus historic Duchy of Lancaster & Cornwall revenues. These are gifted from the state & not ‘private’
7:40 PM · Sep 24, 2020·Twitter for iPhone
https://twitter.com/Andrew_Adonis/st...65121994608642

To which Graham Smith (CEO of Republic UK) replied
Graham Smith (not that kind of republican) @GrahamSmith_
Replying to @Andrew_Adonis and @davidjmcclure
Yep. The answer is a republic
Baron Adonis has also tweeted a picture of an extract from the book, The Queen's True Worth
Andrew Adonis @Andrew_Adonis
The media & Parliament do a bad job of holding the monarchy to account for its huge revenues: the media only cares about the celebrity side while party leaders stop parliamentary scrutiny lest it be thought anti-monarchist (which it isn’t). @davidjmcclure’s book is timely
11:33 PM · Sep 25, 2020·Twitter for iPhone
https://twitter.com/Andrew_Adonis/st...86258159341568

He definitely has been reading the book, which was proven by an earlier tweet with a picture of the cover
Andrew Adonis @Andrew_Adonis
Today’s book. Fascinating on the finances of the monarchy by ⁦@davidjmcclure
8:48 PM · Sep 25, 2020·Twitter for iPhone
https://twitter.com/Andrew_Adonis/st...44709807521793


I am not quite sure if Baron Adonis is a Republican (Anti-monarchist). He is more widely known to be staunch Remainer, who strongly opposes Brexit.
Reply With Quote
  #11  
Old 09-26-2020, 03:12 AM
Duc_et_Pair's Avatar
Imperial Majesty
 
Join Date: Mar 2014
Location: City, Netherlands
Posts: 10,660
Quote:
Originally Posted by AC21091968 View Post
I have heard some people said that The Queen is the biggest tax contributor, if you consider the percentage (25%) that goes into the Sovereign grant, while the rest (75%) goes into the Treasury. On top of that, she may have paid income tax and other taxes (which I am unsure of).
That is not correct. It is the other way round, she does not pay 75% from the Crown Estate, of which zero comma zero is hers. Instead she receives 25% from the Crown Estate.

The Crown Estate funds the Treasury "for the benefit of the Nation". It is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch. The Crown Estate is a Public Body of which the Treasury is the "mother department."
Reply With Quote
  #12  
Old 09-26-2020, 06:26 AM
Courtier
 
Join Date: Aug 2011
Location: Berlin, Germany
Posts: 547
Quote:
Originally Posted by Duc_et_Pair View Post
The Crown Estate funds the Treasury "for the benefit of the Nation". It is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch. The Crown Estate is a Public Body of which the Treasury is the "mother department."

From an historic perspective: At 1066 the ancestor of the Windsors, William the Conqeror, owned the whole land - at least for one second: Before he shared it with is Barons.

And more and more land was given to the Barons or later taken away from the Crown by force.

The Crown Estate, of which's income the Crown gets a precentage, is the mere rest of it.
Reply With Quote
  #13  
Old 09-26-2020, 07:30 AM
Duc_et_Pair's Avatar
Imperial Majesty
 
Join Date: Mar 2014
Location: City, Netherlands
Posts: 10,660
Quote:
Originally Posted by victor1319 View Post
From an historic perspective: At 1066 the ancestor of the Windsors, William the Conqeror, owned the whole land - at least for one second: Before he shared it with is Barons.

And more and more land was given to the Barons or later taken away from the Crown by force.

The Crown Estate, of which's income the Crown gets a precentage, is the mere rest of it.
That is true, but essentially it is the equivalent of saying: "5% of all North Sea oil revenues flow to the Sovereign Grant." Then it still is 5% from the revenues flowing into public money to be allocated for the Sovereign (and for an example not spent to education or housing). Some posters seem to think "the Sovereign Grant is essentially the Queen funding the monarchy by her own assets: the Crown Estate". That is not true.
Reply With Quote
  #14  
Old 09-26-2020, 11:10 AM
Courtier
 
Join Date: Aug 2011
Location: Berlin, Germany
Posts: 547
Quote:
Originally Posted by Duc_et_Pair View Post
Some posters seem to think "the Sovereign Grant is essentially the Queen funding the monarchy by her own assets: the Crown Estate". That is not true.
Perhaps: By the Crown's "former" own assets. But you are right: If bad came to worse and the Monarchy would be abolished, the Windsors would get nothing out of the Crown Estate, I am sure.
Reply With Quote
  #15  
Old 09-28-2020, 07:21 AM
AC21091968's Avatar
Courtier
 
Join Date: Aug 2020
Location: Sydney, Australia
Posts: 725
David McClure has written another article for Town & Country, this time on the Duchy of Lancaster. The heading is A Closer Look at Queen Elizabeth’s Most Elusive Estate: The Duchy of Lancaster. The blurb is This vast holding, first established in 1399, has become a major source of income for the Queen. As at the end of the article mentioned, it is adapted by Mr. McClure from his new book, The Queen’s True Worth.

https://www.townandcountrymag.com/so...ter-explained/

He did tweeted out as a promotion of his article on Town & Country
David McClure @davidjmcclure
The Queen's shape-shifting Duchy of Lancaster is now the wellspring of her wealth, topping up the monarchy's public grant and no longer being a private estate. Me in @TandCmag based on my new book The Queen's True Worth (@lume_books available via Amazon)
5:14 PM · Sep 27, 2020·Twitter Web App
https://twitter.com/davidjmcclure/st...15676036706305
Reply With Quote
  #16  
Old 09-30-2020, 08:46 AM
MARG's Avatar
Majesty
 
Join Date: Aug 2005
Location: Christchurch, New Zealand
Posts: 9,637
I always roll my eyes when someone moans about the mone6the govt gives "HM". it is of course to maintain crown property and pay for those horrendously expensive state dinners when the government wants to be very welcoming or cool and remote. It takes a small army to organize one of those and the whole deal doesn't come cheap.
__________________
MARG
"Words ought to be a little wild, for they are assaults of thoughts on the unthinking." - JM Keynes
Reply With Quote
  #17  
Old 09-30-2020, 10:06 AM
Duc_et_Pair's Avatar
Imperial Majesty
 
Join Date: Mar 2014
Location: City, Netherlands
Posts: 10,660
Quote:
Originally Posted by MARG View Post
I always roll my eyes when someone moans about the mone6the govt gives "HM". it is of course to maintain crown property and pay for those horrendously expensive state dinners when the government wants to be very welcoming or cool and remote. It takes a small army to organize one of those and the whole deal doesn't come cheap.
The costs of a State Dinner really is just a fraction of the total budget. Everything one needs for a diner: the venue, the ameublement, the linen, crystal, porcelain, gold- and silverware is just there. As are the kitchen brigade, the footmen and all the staff around. A State Banquet is the most glittering event but actually can be quite cheaper than a Garden Party outside.

The absolute bulk of the costs of all monarchies is in the staffing, the pensions, the maintenance, the security. Proof of the pudding? In this Corona year without barely any grand event the expenditure of the Royal Household is hardly different from the one in a year with three State Visits.
Reply With Quote
  #18  
Old 10-07-2020, 07:16 PM
AC21091968's Avatar
Courtier
 
Join Date: Aug 2020
Location: Sydney, Australia
Posts: 725
David McClure has tweeted out a photo of a short report from the Telegraph, where Camilla Tominey quoted him and paraphrase some content in his book
David McClure @davidjmcclure
"The more the turbines turn on the coastal wind farms, the more the Crown Estate becomes a money-spinner for the monarchy" me and my new book The Queen's True Worth quoted in a piece by @CamillaTominey in @Telegraph
5:53 PM · Oct 7, 2020·Twitter for Android
https://twitter.com/davidjmcclure/st...34268489797632
__________________

Reply With Quote
Reply


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
The Danish Monarchy: Is it worth it? Nationalism or a National Waste? Villemann Royal House of Denmark 193 05-21-2008 08:33 AM
Is The Monarchy Worth Keeping? diamondBrg British Royals 391 01-14-2008 08:16 AM




Popular Tags
abdication abu dhabi american history anastasia anastasia once upon a time ancestry archie mountbatten-windsor background story baptism biography british royal family brownbitcoinqueen carolin chittagong commonwealth countries countess of snowdon customs doll duke of sussex facts family tree games george vi gradenigo gustaf vi adolf haakon vii hill history house of windsor imperial household intro italian royal family jack brooksbank jacobite japan jewellery kids movie line of succession list of rulers luxembourg mailing meghan markle monarchy nepalese royal jewels prince constantijn prince dimitri princess alexia (2005 -) princess chulabhorn walailak princess ribha queen consort queen elizabeth ii queen mathilde queen maxima random facts royal dress-ups royal jewels royal marriage royal re-enactments. royal wedding serbian royal family snowdon sussex swedish queen taiwan tracts tradition uae customs unsubscribe videos wittelsbach


All times are GMT -4. The time now is 09:48 AM.

Social Knowledge Networks

eXTReMe Tracker
Powered by vBulletin
Copyright ©2000 - 2021
Jelsoft Enterprises
×