Civil List Act 1760
United Kingdom legislation / From Wikipedia, the free encyclopedia
The Civil List Act 1760 (1 Geo. 3 c. 1) was an Act of the Parliament of Great Britain passed upon the accession of George III.
|Long title||An Act for the Support of his Majesty's Household, and of the Honour and Dignity of the Crown of Great Britain.|
|Citation||1 Geo 3 c 1|
|Territorial extent||England and Wales; Scotland|
The Act transferred almost all civil list revenues (mainly customs and excise) to Parliament. In the last year of George II's reign these had been worth £876,988. In return, the new king received a fixed, annual civil list of £800,000. Under George II the economy had grown and consequently the revenues increased. The fixed amount George III received was therefore a reduction in the Civil List.
If the previous arrangement had been retained, George III's civil list in 1777 would have been more than £1,000,000 and would have amounted to £1,812,308 in 1798. The £800,000 stipulated in the Act was soon found to be inadequate and a civil list crisis was only averted in the early 1760s because George II had built up savings worth £172,000 that George III was able to draw on. By the end of the decade the civil list arrears amounted to more than half a million pounds and the king had to apply to Parliament to pay it off.