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Lippincott's Magazine of Popular Literature and Science, Volume 11, No. 26, May, 1873

Note B — QUEEN VICTORIA AS A MILLIONAIRE.

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How the revenues of the duchy of Cornwall have grown under the admirable management instituted by the late prince-consort, who discovered that peculation and negligence were combining to dissipate his eldest son's splendid heritage, the following will show. In 1824 the gross revenue had fallen to £22,000: in 1872 it was nearly £70,000! Loud were the howls of the peculators against "that beastly German" when His Royal Highness took it in hand. But "he knew he was right," and had his reward. When the prince of Wales came of age, instead of having from £13,000 to £14,000, net, a year from his duchy, as the last prince of Wales had, there was a revenue of £50,000 a year clear, and cash enough to buy Sandringham. The income is now increasing at the rate of about £3000 a year, on the average. By net revenue is meant the clear sum which goes into the prince's pocket. Of course his father's prudence and energy saved the country a large sum, which it would otherwise have been compelled to vote for maintaining the prince's establishment.

George IV. had on his marriage, when prince of Wales, £125,000 a year, besides his duchy revenues, £28,000 for jewelry and plate, and £26,000 for furnishing Carlton House. The present prince of Wales has nothing from the country but £40,000 a year, and his wife has £10,000 a year. No application has ever been made for money to pay his debts or to assist him in any way.

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