The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-15
THE PRINCE OF WALES DEBTS.


The Official Statement from the London
4 60 SO e@~s-~s Times. 49, -. =.
The London Times OF October / says :-"For
long time rumors occasional taking the form Of
definite and ircumstan tial statements, have been
current on q subject which, however delicate, can
not be prevented from becoming matter OF pub
lie concern. The expenditure and the supposed
pecuniary position OF the Prince OF Wales have
been freely discussed gossip has busted itself with
the probability OF au appeal TO Parliament, and
within the last week or two paragraph protesting
to give important information with respect to the
relief OF the Prince from his embarrassments has
appeared IN English newspapers and been largely
circulated on the Continent, The time has ar
rived for giving denial to statements which, II
not contradicted, many will suppose TO have been
admitted 1t has been stated that the debts OF the
Prince OF Wales amount to an enormous sum-one
foreign Journal places them at f6OO 600; that the
proprietJ OF applying TO Parliament for the means
that the project was abandoned through MIS-
trust OF the temper which 1t would be received;
and That, nnaliy, Her Majesty had taken upon her.
bilities Such statements as these being
made and widely beneved it is wei thew
should be deiinltivey contracted and the true
position OF the Princes affairs made known.
more accurate knowledge OF the subject than now
seems TO prevail might easily be obtained for there
Is neither mystery nor concealment In the
counts, and they have been regularly audited since
the administration Of the Princes AFFAIRS is pos
slble as could AFFORD any substantial basis for the
ruinors which are abroad. The income OF the
Prince OF Wales Is derived from the annual grant
made under the authority OF Parliament and from
the revenues Of the Duchy or Cornwall These have
nltherto sunced Tor the maintenance OF the Princes
estaoisninent Notwithstanding the expenses
wnlch ne has incurred by having from the time
ne came Of age, largely represented the sover-
eenty 81 England At the present time the I'M
PAD Claims before HIS Royal Highness' Comp.
Moner amount 10 little more than a third OF the
rIlnce's annual income, and, with The exception
oi one OF Two accounts unsettled from peculiar
Sncuinssailces, there is az present bill on the
nst vi more tnan one years. standing. The pay
ments are periodically audited by sir William
ances In the bankers HANDS ana the balances
On this LIST OF October with be more than
suniclent TO meet every calm on the Prince
This being the case, IL need not he said rnat the
rumors OF serious debt and ENHANCEMENT have
no substantial basis. They have risen rom mic.
apprehension OF the real facts and these II NAV ha
as well to state. IL Is true that thc Prince haa
not been able 20 live within his income Prom his
nrst entrance into public life the expenses or MS
position were larger than had been anticipated
Immediately upon his marriage he was called
upon to assume q relation to English society and
TO foreign royalties which does DOT necessarily or
even usually, fall to subjccn however near the
thronev
Alter rscinng the resources OF the Prince and
mis- Expenditures the Times says :-"There remains
enough in the Duchy OF Cornwall Accommodations
- cover the yearly deficit IN the Princes estab
Amount required to pay the claims on the estap.