THE QUEEN'S INCOME AND COSTS OF THE BRITISH MONARCHY.

Grey River Argus, Volume XV, Issue 1933, 16 October 1874, Page 2

THE QUEEN'S INCOME AND COSTS OF THE BRITISH MONARCHY.

In the course of an article on the above subject, the " HpmeNews says " :— lf now we. are asked to ascertain thejcost of monarchy, thetaskisbyno meansdiflficult. Her Majesty receives,' as we have seen, a Civil List of L 385,000 a-year. /. ;Tq.ithis we must add L31;000, the; revenue from the Duchy of Lancaster, 1 and L 17,000, the annual costs of Maintaining the places in the occupatigri. pf ' the- - Grown ; (such as Buckingham Pjilace and Winds6i"Castle), which is provided for in a vote of Parliament.- These items amount to L 433,000. The Prince of Wales has L100,000.a-year, of which ' L 60,000 is ; derived from the Duchy of Cornwall, and E49J 000 from an annuity on the ; Consolidated fund ; the Princess of Wales, LIO,OOO ; the 1 Duke of Edinburgh and Prince Arthur^ -L 15,000 each ; the Princess' Royals or .>rr. Crown Prinqess of Germany, LBooo| /Princesses Alice, Helena,and Louise, '16000 each the Duke, of, Cambridge, 12,000 ; the Piichess of Cambridge, L 600 0; and the Princess Teck . and Princess Augusta of Mecklenbnrg-Strelitz, LSOOO and L3OOO each respectively. These annuities amount to L 132,000, and adding this, with the revenue of the Duchy of Cornwall, to . our former total, • we reach a total charge of L 625,000 a-year. Now the Crown lands produce a profit of L 375,000, and the other branches of herditary revenue about L 13,000, which sums .are carried to the exchequer. Thus the net result of the system we are discussing... jis that Royalty costs the ; British 'taxpayer less than a quarter of a million^^^l: Now, taking Professor Levi's ' estimate that the taxation of the working classes amounts to 12£ per cent, of their taxable incomes, and calculating the; proportion which, the cost of Royalty bears to the general expenditure of the riatibni weuatrive at this result, that in the case of a skilled artisan with a taxable income of LIQO a year, the maintenance bf.Rdyalty; "costs him hinepence'a yei^: Such, then, is the outcome of the constitutional ' contract the nation has made with its aoVjereign,