[QUOTE=md2000]
To clarify - in any jurisdiction, there were lands owned by the crown, lands owned by the local lord(s) all the way down the line, and land owned by the farmer himself. (And before Henry VIII, lands owned by the Catholic church - in fact one stat I read was that the church owned 10% of the lands, so giving them the boot and taking their holdings was a lucrative adventure). This in addition to the tradition that the King owned ALL the land and everyone else was just allowed to rent it.
So like most other lords, barons, earls, etc., what they haven’t sold off over the years, continues to belong to the title passed to the next heir. The Queen owns huge… tracts of land.
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Which is irrelevant, as almost all practical benefits to the Crown from those feudal tenures (in England and Wales*) were abolished in 1660. The Crown ‘owns’ that land only in the most abstract sense.
*Scotland, of course, being an altogether different story.
One could just as easily argue that the opposite was true. (See below)
[QUOTE=Captain Amazing]
…this is called the “Crown Estate” In the 1760s, George III surrendered his income from that (or most of it) in exchange for an annual payment from Parliament.
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That encapulates the basic misconception about what was agreed in 1760.
There was nothing new in 1760 about the idea of the monarch receiving an annual payment from Parliament. Every monarch since 1697 had received permanent revenues for the duration of their reign to supplement their hereditary revenues for the purpose of funding the ‘Civil List’ and, even before then, going back to 1660, monarchs had received revenues by parliamentary grant to cover ordinary non-military expenditure.
Moreover, the revenues from the Crown Estates had never been more than a small proportion of the revenues assigned towards the Civil List. Indeed, the revenues from the Crown Estates had during that century always been dwarfed by the costs of just the Royal Household. In other words, ‘civil’ expenditure had been paid for from a range of revenue sources. Those always included the various hereditary revenues, including those from the Crown Estates, mainly on the basis that ordinary revenues should be used to pay ordinary expenditure. The Civil List before 1760 was actually paid mostly from the excise and, under George II, as much was paid to the Civil List from the Post Office as from the Crown Estates.
The 1760 deal was actually little more than an adjustment of some of the small print. George III preferred that some of the smaller, non-household expenditures should be paid directly from the Exchequer and so the revenues assigned to pay for the Civil List were adjusted accordingly. This was done by transferring some of the minor hereditary revenues, including the Crown Estates, to other headings. The only sense in which George III ‘surrendered’ those revenues is that, instead of passing automatically to the Exchequer as before, they could now be assigned by Parliament as it wished.
The only significance of all this is therefore the unexciting one that eighteenth-century British monarchs spent on various things, including their own household, and that money was (usually) found to pay for this. The Georgians had the sense to realise that if you were going to have a monarchy, it needed to be paid for and that it didn’t much matter which revenues being raised were used to fund it.