Duchy of Cornwall

The Duchy of Cornwall (English: Duchy of Cornwall ) is one of two royal duchies in England, next to the Duchy of Lancaster. The eldest son of the ruling British monarch inherits the duchy and title of Duke of Cornwall, either at the time of his birth or at the accession of his parents. In the absence of male offspring the lands of the Duchy belong directly to the crown and there is no Duke. Acting Duke is Charles, Prince of Wales.

Owned and Finance

For Duchy include lands with a total area of ​​540.90 km ². Almost half of the property located in the county of Devon, the rest are 23 other counties, especially in Cornwall, Herefordshire and Somerset. There are over 3500 individual Lease. These include agricultural and forestry businesses, office buildings, workshops, model town of Poundbury, the Highgrove House and the Cricket Stadium The Oval. In addition, the Duchy of the Port Authority of St. Mary's (Isles of Scilly ).

In fiscal year 2007/ 08 the value of the duchy was 647 million pounds, the net income generated 16.3 million. As a royal estate, the Duchy of Cornwall is not taxable, but paid the prince since 1993 voluntarily income taxes and capital gains taxes. With the income he earns his livelihood and support charitable organizations.

Management

The administrative capital of the Duchy of Cornwall is located since 1857 in London located at 10 Buckingham Gate, opposite the Buckingham Palace. Previously, the offices were at Somerset House. The agricultural and forestry holdings are from St. Mary's, Liskeard (Cornwall) and Newton St Loe ( at Bath ) from managed. It employed more than 100 permanent employees.

It is managed by the Duchy of Prince 's Council, which is usually twice a year keeps sessions and can be compared with the board of directors of a private company. The Prince of Wales is acting as Chairman. In addition, the Receiver General (Treasurer), the Attorney General ( Legal Adviser ), the Lord Warden of the Stannaries ( Guardians of the tin mines ) and the Secretary and Keeper of the Records (Secretary and Secretary).

Single member of the Prince 's Council with executive functions, the Secretary and Keeper of the Records, who presides over the Executive Council. In the Middle Ages corresponded to this office to that of a writer, he is today with that of a comparable CEO. The most senior advisors in matters relating to the Duchy of Cornwall is traditionally the Lord Warden of the Stannaries. This now purely ceremonial office earlier also included judicial and military functions.

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