§ Captain A. HOPEasked the Minister of Agriculture whether the increased rents, which are being demanded by the Crown as a result of the rebuilding of Regent Street, are paid into the Exchequer?
Mr. WOODThe whole of the net revenue of the Crown estates, which includes the rents of Regent Street property, is paid into the Exchequer, in relief of taxation. I desire to add, in order to remove a misconception which exists in some minds, that the Sovereign has no personal interest in the administration of the Crown estates, the revenue of which has been collected on the public account since 1 Geo. 3, cap. 1, by which Act His Majesty surrendered the land revenues of the Crown, other than those of the Duchies of Cornwall and Lancaster.