, 1874-10-15
Thu Financial Position OF tho Prince
OF 1E:iluS4


Tho following nro lno ncst interesting and in-
r,ortanr passnceH OF tho editorial III the London
I'imcg oi tho lst lnst. tho points OF which Vcro
tolegrapl.cd, III reference to the Prince Of Wnlob'
financial condition:
"It las bcon stated TINT tho debts of tho
FRINGE OF Wales nmonnt to an enormous surl--
ono foreign journal p1aeea tAena Mt .E6oo. 900
that tho propricty OF IMPLYING to Parliament. for
tho noana to pay tho'n was considered by tho Into
Premier; thnttilo project YVES aoandoncd through
received; md TINT, anally. her Majesty Ind taken
upon herself to FREQ tho Prince from his llablll-
tiaH, Such statements dB those being maao and
widely believed It iH roll they should ba dotnite-
ly contraslictod md The trun position Of tho
priprcb hffairH made known.
~ Tho Income OF tho Prince OF Wa1es is DO
rived from tho annual grant made under the
authority OF Parliament nnd from tho revenues
Of tho Duclly Of Cornwall. Thcso have hitherto
Buiilccd for Tho maintenance Of Tue prince'a cs-
which llo has incurred by having, from tho sino
he camo Of age, largely represented tho aoyor-
cignty Of England. At tho prosont tltno The
uHpaid claims before his Royal Hlghness's
Comptroller umonnt TO litt}o moro than third
OF tho Princes annual income, and, with tho or
caption OF emo or two accounts nnsottted from
peculiar circuu,atnucea, thoro ia et pronont no
bill OIL tho list Of moro Than one years standing.
Tho payments are periodically audited BY Sr
William Anderson. Thoy arc regulated BY tho
balances in the banl.nr'a hands, aud tho balances
OH this LIST Of October viii bo moro than suiii-
ciont to meet every claim OIL TUG Prince. Th1s
hcing tue case. ii ueed not bo said thct tho ftl-
mora OF scriouH dobt and embarrassment haVo
no euhhtnntial basis. They havo arson from
uisanprohansion Of tho roal facts. and these it
may DO aa we'll to a.ate."
Aftnr nlluding to tho numerous expenses in-
soparablo from tho Prince Of Nales' position,
The articlo continues;
s.To meet Nil these calls the Prince has all in
como which. at the ting Of it's aottlemeut, was
oytimatod at .Et08, 900 4" year. Tbs nearly-h1ed
income OF tho Prince OF Wales caunot enter into
couuztsion with the enormous wealth possessed
by tLo highest section Of English society. Nor
Is il ilead, for motuent to DO doarcd TINT tito
provision assigned by Parliament for tue Princo's
maintenance Ia q mnnner beflttinE Ills position
rhoultl bo measured by any oxtraYagnnt standard
of luxurious expenditures. but. taking into ac-
comes whom associated With high rank and ro-
o},onsibilty, We arc not surprised to learn that
tic Prnco's expenditure has exceeded his in
come. Tbs oxcess, however, bus been proyid-
oil from funtls which lcgisimately bolong
to the princs of Wales,, mud arc, in, fact,
his private property. During hls minority tho
revenues, derived from tho Dnchy Of Cornwall,
carefully administered uudcr tho supervision OF
tho Into princo Consorl Wero allowed tn accunll-
late. Largo B,,1ps out of tlis fund wero laid out
on Tho purchase Of pleasant hut not profitable
.lenesne, aud OH making those alterations md
improvements which mo commonly Incidental to
| tue purchase Of m estate. SovortholcRs, there
| atlll remains enough from tho Dnchy of Corn
| wall aco,lnluatons to cover tho yearly detic: of
| the pr,nco's establishment. Tho trustees Bci
nut stock to tho amount required TO l,ay The
clpme OIL tho establishment, which in thus kep
| clear Of tlcht, except IN respect Of ouch reccn
aocountH aa thoEo wo hayo already mentioned
From .cl0, 600 to ,c2O,0o0 han boon annually re-
ouircil for this pu1poBo. lilo Prince has thu.
tiiltorao relied oil his ogu means, and though,
no doubt, It in misfortune to DO living or
capital, siiil this III = very different state o
! reprchont."