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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Privy Purse

Privy Purse

Paperback

ISBN10: 551247300X
ISBN13: 9785512473009
Publisher: Book On Demand Ltd
Published: Jan 31 2013
Pages: 128
Weight: 0.36
Height: 0.27 Width: 5.83 Depth: 8.27
Language: English
High Quality Content by WIKIPEDIA articles! The Privy Purse is the British Sovereign's remaining private income, mostly from the Duchy of Lancaster. This amounted to 13.3 million in net income for the year to 31 March 2009. The Duchy is a landed estate of approximately 46,000 acres (200 square kilometres) held in trust for the Sovereign since 1399. It also has 190 miles (500 kilometres) of foreshore. The Duchy is valued at approximately 322 million in 2009. The land is organised into the Lancashire Survey, the Yorkshire Survey, the Crewe Survey, the Nedwood Estate and the South Survey. The Sovereign is not entitled to the Duchy's capital, but the net revenues of the Duchy are the property of the Sovereign in right of her Duchy of Lancaster. While the income is private, the Queen uses the larger part of it to meet official expenses incurred by other members of the British Royal Family. Only the Queen and the Duke of Edinburgh receive payments from Parliament which are not reimbursed by the Queen.