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ENGLAND, BRITAIN, UK The career of The Crown lands to the reign of William III was one of continuous alienation to favorites. Their wholesale distribution by William III necessitated the intervention of Parliament , and in the reign of Queen Anne an act was passed limiting the right of alienation of crown lands to a period of not more than thirty-one years or three lives. The revenue from the crown lands was also made to constitute part of the Civil List . At the beginning of his reign George III surrendered his interest in the Crown Estate in return for a fixed Civil List . CROWN ESTATE The land revenues of The Crown in England and Wales have been collected on the public account since 1760, when George III surrendered them in return for a fixed annual payment or Civil List . At the time of the surrender the gross revenues amounted to about £ 11,000. The land revenues in Ireland have been carried to the Consolidated Fund since 1820. From 1 April 1923, as regards the Republic of Ireland, they have been collected and administered by the Irish Government. The land revenues in Scotland were transferred to the Crown Estate Commissioners in 1833. The Crown Estate Commission is a Non-ministerial Department of the Government Of The United Kingdom run on commercial lines, by the Crown Estate Commissioners. It has a property portfolio of buildings, shoreline, seabed, forestry, agricultural and common land worth in excess of £4 billion, generating revenue of around £170 million for HM Treasury every year. For example, it owns much of Regent Street in London . The First Commissioner and Chairman is part-time. The Second Commissioner is the Chief Executive. SEE ALSO EXTERNAL LINKS |
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