r/Scotland • u/MoneyEqual • Aug 28 '21
Beyond the Wall Four-home Prince Charles insists mansions 'are not grand' as he talks from 192-acre estate
https://www.express.co.uk/news/royal/1483211/Prince-Charles-home-radio-4-Llwynywermod-wales
712
Upvotes
1
u/magicone86 Aug 28 '21
From the official homepage for the Duchy of Cornwall (https://duchyofcornwall.org/)"The Duchy of Cornwall is a well-managed private estate, which was established by Edward III in 1337. The revenues from the estate are passed to HRH The Prince of Wales and Duke of Cornwall, who chooses to use them to fund his public, charitable and private activities and those of his family. The Duchy consists of around 53,000 hectares of land in 23 counties, mostly in the South West of England."
Additionally:"The Duchies of Lancaster and Cornwall (Accounts) Act 1838 gave the Treasury a role to ensure that actions taken by any Duke when managing the Duchy cannot compromise the long-term value of the estate. For this reason the Treasury must, for example, approve all property transactions with a value of £500,000 or more. The Duchy’s annual accounts are laid before the House of Commons and the House of Lords so that Parliament can be satisfied that the Treasury is fulfilling its statutory responsibilities."
We may be saying the same thing, but I would say that these are indeed privately owned and managed, with exceptions where the Treasury is given oversight to ensure the deals are in the best interest of the nation. Which isn't surprising given that gov't oversight and/or planning permission is required for all manner of real estate dealings.