26/06/2006

Six per cent rise in income for Prince Charles

The Prince of Wales's private income increased by 6% to more than £14 million last year, according to Clarence House accounts.

The rise in the 2005-06 fiscal year was attributed to commercial property rent reviews and increased investment income, the Duchy of Cornwall accounts revealed.

The annual review also showed that Prince Charles helped to raise around £110 million for his 16 main charities during the year.

Duchy Originals, the Prince's organic and natural foods and products company, also made a profit of more than £1 million for third consecutive year, on increased retail sales of £46 million. All of the profits are donated to the Prince's Charities Foundation.

The Prince's private income is spent on fulfilling his official duties as well as personal expenditure, which includes money for his wife, the Duchess of Cornwall and his sons Princes William and Harry.

Neither the Prince of Wales nor the Duchess of Cornwall receive a Civil List or a Parliamentary Annuity.

(KMcA/CD)

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