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Duchy Of Cornwall

Volume 950: debated on Tuesday 16 May 1978

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asked the Chancellor of the Exchequer, in view of the payments made by the Duchy of Cornwall to the titular owner of £129,208 in 1976 and £290,605 in 1977 which are free of tax, if he will bring such payments within Her Majesty's Government's incomes policy.

No, it would not be appropriate to do so. My hon. Friend might wish to note that the sums mentioned in the Question, which are shown in the Duchy of Cornwall accounts, include the sums paid to the Exchequer in respect of half the net revenues from the preceding year.