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271:. The system was to a large degree self-funding through the Crown's large holdings, taxes being applied only when necessary, and almost always at the risk of public outcry. Taxes were normally very low, and the necessity to go to Parliament to fund wars was an effective check on the monarch's power.
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looks after the sovereign's personal financial affairs. His title is derived from the Privy Purse (an embroidered bag borne by the Keeper at a coronation) which contrasts with his
Department's present-day use of computers and up-to-date accounting procedures. He manages the revenues which come from
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came to the throne, it was decided that the whole cost of civil government should be provided by
Parliament, with the Crown surrendering most of the hereditary revenues (principally the net surplus of the Crown Estate) by the king for the duration of the reign. In this system, Parliament was
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80:. The Duchy was valued at approximately £533 million in 2018. The land is organised into the Lancashire Survey, the Yorkshire Survey, the Crewe Survey, the Needwood Estate and the South Survey.
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As the role of the government increased in the 18th century, the Public Purse was increasingly unable to raise enough to fund the development of the country. In 1760 when
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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 (310 kilometres) of
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112:, who is the equivalent of the chairman of the trustees, has for the past several centuries always been a Government minister, although this is not a requirement.
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165:) and their gardens, for the financial aspects of royal travel, for personnel matters in the Royal Household, for the King's private estates (which include
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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 the
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the Duchy of
Lancaster. The Privy Purse meets both official expenditure incurred by The King as sovereign and private expenditure.
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255:'s civil government day-to-day costs were paid for by the sovereign under normal circumstances, the monies in this
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and for royal travel. He is also responsible for the property maintenance of the
Occupied Royal Palaces (such as
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allowance to meet the sovereign's official expenses. In the fiscal year 2007/2008, the Crown Estate paid the
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lands and holdings. Under extraordinary circumstances, namely in time of war or during budget shortfalls,
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The
Government, Prime Minister and Cabinet: Directgov - Government, citizens and rights
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responsible for the finances of the state, including paying the Crown the
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In recent years, the office of Keeper has been held jointly with that of
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receives payments from
Parliament that are not reimbursed by the King.
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Chancellor of the Duchy of
Lancaster - Glossary page - UK Parliament
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373:. Parliament.uk (21 April 2010). Retrieved 30 September 2011.
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351:House of Commons Disqualification Act 1975 c. 24,
177:Trust (for which annual accounts are published).
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412:. Direct.gov.uk. Retrieved on 30 September 2011.
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290:In 2012, the Civil List was replaced by the
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137:, who is responsible for the use of the
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424:, Friday 5 June 2009, number10.gov.uk,
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332:Duchy of Lancaster Annual Report 2018
48:, carrying a ceremonial purse at the
259:being raised from the income of the
217:adding citations to reliable sources
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110:Chancellor of the Duchy of Lancaster
104:Chancellor of the Duchy of Lancaster
64:'s private income, mostly from the
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153:for the maintenance of the
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443:"His Majesty's Government"
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122:Keeper of the Privy Purse
116:Keeper of the Privy Purse
46:Keeper of the Privy Purse
296:Sovereign Grant Act 2011
145:. He also oversees the
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155:occupied Royal Palaces
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135:Treasurer to the King
129:Treasurer to the King
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308:Privy Purse in India
213:improve this section
89:British royal family
32:Privy Purse in India
426:archived 2009-06-08
387:Archived 2009-09-01
336:archived 2009-09-02
485:Monarchy and money
408:2011-07-21 at the
369:2010-11-06 at the
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353:Schedule 2
319:References
281:Civil List
276:George III
265:Parliament
139:Civil List
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453:18 April
406:Archived
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302:See also
285:Treasury
269:taxation
72:Overview
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181:History
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