The Prince of Wales.

Cromwell Argus, Volume V, Issue 261, 29 September 1874, Page 7

The Prince of Wales.

The following telegram, dated New York, August 8, relative to the aiFairs of the Prince of Wales, appears in the Alta California; — A London letter says “ A report has suddenly gained currency that the long-expected crisis had occurred in financial affairs of the Prince of W ales, and the ministry have made up their minds to propose at the House of Commons at the next session to pay his debts. The sum named is £40,000 sterling—four times the sum voted in 1867 to appease the creditois of that pattern of royalty. One view is that the honour of the nation is conccerned in providing for the debts ; the other is, that these debts are of a character that ought to be paid out of the accumulated fortune of the Queen. The latter based on the well-kndwn fact that she has been receiving, ever since the death of Albert, the whole income calculated at her accession to support the expenses of the Court in the usual degree of splendour ; that her Majesty has, however, lived during this peried, for for the most part, in retirement, and that the cost of drawing-room levees and other royal pageantry has in fact fallen upon the Prince and Princess of Wales, whose income has been unequal to such a burden. The existing debts, or a considerable part of them, have, according to this theory, been incurred in the discharge of those duties. Hence it is urged that the Queen, who has kept money given her by the State for such purposes, ought to pay them. The Prince of Wales I has forty thousand pounds a year, plus the revenue of the Duchy of Cornwall, which amounts to over one hundred thousand yearly.