THE POPE'S INCOME.

Waikato Times, Volume XXIX, Issue 2412, 24 December 1887, Page 1 (Supplement)

THE POPE'S INCOME.

A I diplomatist accredited to Koine gives tin* following account of the Pope'-. rcvciiiK and of tin- way in which it is sp.-nt. It is derived from three sources. I. Tiic interest of an enormous sum left by !‘io Xonoto the pontiticai ticrc-ury ami invest- d in the English public funds. This interest amounts to about ilil.POO. Leo XIII. is a great speculator,and subscribes to the Italian bans in order to m! 1 -when the value rises and inw-t the profits in the English Cm-ob late Fund. *2. The proceeds of Peter's |*. ncc. This branch of tiie revenue has suffered "really in recent years, but, nevertheless, tic average amounts t > about two milliions of lire, or about SIS! 0 : 0 The-e tW'i sums which represent TIfdS.OOO per annum.constitutc tc ordinary income of his Holiness. It is distributed by the vhand-erlain among the cardinals residing in Koine—abot “i,050 pi r annum for each cardinal—among the prelates of the papal Court, the secretaries, the nuncios thegu ardsofthe Pontilfs body ic -‘I. The extraordinary part of the papal revenue is derived from the receipts of the Apostolic Chancery. The items include the sums received for titles of nobility, papal decorations, benedictions in the article of death, privileges of the altar, private chapels, dispensations, ecclesiastical titles, and many other things. This department yields about two and a half millions of lire, or £IOI,OOO per annum. Ihe whole annual income of Leo XIII, therefore, leaches the enormous sum of about three hundred thousand pounds -Pall Mall C. a/.-tte.