a $2,000--Frame, 4 rooms, B. and T., A " 7 rooms, 8 p. bath, en light and furnace. x |THE BUSINESS OF BEING A KING. OROWN LANDS THAT YIELD NOTHING TO THE KING By "A Court Historian." Our well-informed contributor | officials, take care that the rapidly here continues his interesting de- {increasing revenues from Crown pro- scription of the multitudinous duties | perty do not benefit His Majesty. and responsibilities of King George.| When it was recently that the ground rents from Crown |property in the neighborhood of the | No. 4--MANAGING THE ROYAL !rebuilt Regent street in the west- ESTATES. | end of London had increased by some It is a fond illusion of childhood, [sixty thousand pounds, it was rashly that a King is the richest man in his assumed by many people that this kingdom. If such a belief has ever | was "good for the King." One flery had a basis of fact in this country, | literary commentator on finance it must be long, long ago. Indeed, from an extremist standpoint, gctu- it would seem that the kings with ally made these increases the text the largest incomes were the big-/for an attack on the heavy cost of gest borrowers. The more they had, | Royalty. Evidently he had not trou the greater difficulty they had in [bled to make enquiries, or perhaps making ends meet. They resorted |he foresaw that it might be incon- to loans, and were not above pledg-|venlent for his purpose to do so. ing valuable treasures----treasures There have been handsome increases Which, sometimes, were not strictly (In the value of Crown lands and thelr own. If modern kings are Royal estates of late years, but the poorer, the legend of their wealth benefits have gone wholly to the persists, like the myth of a London | State. paved with gold, It is pretty, and itjer man than when he ascended the does but little harm. Throne. There are actually several scores It is unnecessary here to cata- of his subjects who are far richer logue the increases in the cost of than King George, and many more living which have occurred during who receive a far larger annual in- and since the war. Most people are come. actually aware of them, and they are There 1s also this difference. |aware, too, that the increases in in- Whereas his subjects may spend |come, which almost everyone in the their money as they please, the King | realm has received, are not sufficient may not. His freedom of the purse to balance the advance in expendi- is almost entirely restricted to what |ture. The King, however, though may literally be described as|the increased cost of everything has "pocket money." Officials guard the [affected him in common with his sub- Privy Purse, officials watch over the | jects, has never received even a pen- Royal housekeeping accounts, and |ny increase in his annual State in- Early Colds Check them with DR. HICKEY"S REMEDIES These splendid preparations have been giving the fullest sat isfaction for twenty years. ~-Speedy Relief for Coughs. ~~Speedy Cold Capsules. ~=Analgic Rub for Congestion. 25 cents each or the 3 for 50 cents L. T. Best PRESCRIPTION DRUGGIST me "Phone 59; A GIFT Of Beauty and Usefulness is a Folding Desk or _ Travelling Clock These Clocks are Swiss made, run for 8 days, have luminous dials and hands and are cased in Blue, Rose, Green, Grey and Brown Leather or Antique Brass. Some have Alarms. Priced $16.50 -- $30.00 And Fully Guaranteed "FOR SALE Bateman's Real Estate DE room, B. and T. electric and || FREIGHT DELIVERY gas, H, W. floors, hot air; garden; A SPECIALTY central, Local and lung distance. All Motor Trucks with Alr Tires. H. L. BRYANT 354 Division Street. 'Phone 1758, 00 -- Brick, semi-detached, 8 rooms, 3 p. bath, electric light ard $7,800 Brick, all modern, central, MONEY TO LOAN. CUSTOMS BROKER .. ALL KINDS OF INSURANCE. 141% BROCK ST., KINGSLON Jobbing Work a Specialty Brick, Stone, Plastering and Dns & Wl 400 ALBERT STREET 'Phones 2267F---028W R FINISHES | | For a Polished Floor a pound. of john ~ son's Wax will make a big improvement in For a Varnished Floor -- A pint or a of B-H Everlastic Floor Varnish will a hard wearing surface -- $1.00 pint, : a Painted Floor -- a quart Sf BH Paint (you can have your choice of will give an excellent finish. $1.50 3 | bargain made by George IIL that he|gg that it does not impair the ameni- reported | The King himself is a poor- | | the estates THE DAILY BRITISH WHIG {come "on the amount voted for his 4.cires a new door or the slight re- ineeds in the year 1914. planning of the ground before his Royal home. His subjects may make The Two Duchies.- such changes as they will. Lucky With the exception of the tWo'kgubjects ! His Majesty may not. PROBS: Sunday, strong winds or gales; much colder, with local snowfalls or flurries. | duchies, and a few unimportant pri- THis private secretary conveys his {vate properties, the entire revenue {wishes to the office of Works, and from Crown lands now passes into there appears on the scene an archi-' {the national exchequer. It Was @lteet who must plan such alteration | should waive his interest in these |yjos of the Palace. Estimates are {lands, in return for a fixed income |g, pmitted, and then the King is in- |from the civil list. At the time it!yjieq to approve his own desire. {'was made, the bargain was not very | For some , years improvements promising for the State, for much {pave been urgently necessary in the | of the property handed over had been | Royal mews at Buckingham Palace, neglected, and values were depreci- |, provide more garage accommoda- |ating. Succeeding monarchs re- tion and better quarters for the do- {newed the undertaking, but it Was meetic staf. These plans, however, {not until towards the end of the|ipe King has pigeon-holed until such {reign of King Edward that a new {ime as the demand for labor on | policy towards the Crown estates | working-class houses has diminish- | was initiated. Improvements were!oq This is typical of other problems {affected in a few selected places, t0 | confronting His Majesty. He con- | the advantage of the revenue. But giders issues which some "of - his {we owe to King George and bis | wealthy supbjects can, and do, ig- {advisers the bold policy by which pore. {the Crown properties are now 's0| The actual salary for the King | rapidly rising to their proper mar-| comes by way of the civil list. These ket value. Schemes of reconstruc- payments are annually reviewed by {tion were taken in hand; agricultural | parijament, but it is a matter of | lands were | developed on modern tactful consideration for the dignity lines. As stewards of the old school, | of the monarch that they are seldom [with imeradicable objections to |gyestioned. The list has had the change, passed away, their places|gpproval of the King in advance. The were taken by keen business ThA | present grant for the privy purse trained in estates management, and {amounts to £110,000 a year, and His {alive to the value of enterprise. The | Majesty is absolutely free to spend {interest and inspiration of the King |tnis as he pleases. The keeper of {in all this were nobly unselfish.ithe privy purse looks after the ac- (What was an ipdifferent bargain [count in the interests of his Sov- | when made with George III. has be-|greign, but rather as a friendly audi- {come, under King George V., a very tor who checks the expenditure to | { wonderful bargain, and the State 18! ensure that the King has received | the gainer. | honest value. Only the two Duchies continue to But the vote of funds is decep- | be a private source of income to the tive, and open to misconstruction, |King and the Prince of Wales. The because it exaggerates the income | Duchy of Lancaster is virtually un-lof the King. There must be deduct- |der the direction of the Chancellor, ed the numerous and generous dona- {appointed as a member of the Gov-|tions made by King George to char- ernment of the day, but the Duchy|itable objects which touch his heart. lof Cornwall is administered by Royal | These are never the subject of con- officials having under them a staff of sultation. Whenever His Majesty local stewards. A few years ago, sends a cheque to a hospital or phil- within the Duchy of anthropic institution, he does so of | Cornwall consisted largely of de- his own freewill. Individual cases serted castles, derelict mines and )of hardship or suffering are also lands which were not cultivated to!constantly helped. And there has the best effect. All this has been not been a single Royal visit of late changed. The Prince has taken the years, without Their Majesties mak- liveliest interest in his Duchy, and, |ing cash gifts. There is no available jon his visits, has made it his busi- record of this chain of good works, ness thoroughly to explore the pos-| but we are assured that it has ex- sibilities of the estates. The whole | hausted a considerable share of the of Cornwall has progressed since he took this step, and the increased revenue from the Duchy has coincid- ed with a rise in values for all sur- rounding properties. { privy purse. Special grants are made j for Royal tours, but these by no | means' cover the whole of the ex- | penses. In the course of each tour | there arise appeals which touch His The bread domains which once be- | Majesty, and which can only be met longed to the King and yielded their [from his private pocket. whole income to the Sovereign, con- | tinue to be called Crown property. It would be more correct to call it There is one other source of in- State property, for His Majesty is come, and that is the exclusively only an indirect beneficiary. Royal estates. They are controlled The entire income and expenditure |by their stewards, but His Majesty is supervised oy four great depart-|takes a very active part and is ments of State. These are the Cus-| known to practically every tenant. toms and Excise, the Inland Revenue, | Attached to Sandringham, Balmoral the Post Office and the Commission-|and Windsor are numerous farms ers of Woods and Forests. Tenants and cottages. Several thousand or occupiers of Crown lands have to | pounds have been spent by His Ma- pay their rentals and other charges jesty in recent years in modernising directly to one of these offices, or, the homes of his lowly neighbors and through accredited representatives. tenants, and in improving the farms. These are the officials who adjust There is mot one slum left on the grievances and make terms; theirs Royal estates, and not one out-of- is also the task to recover arrears. date farm. Bpt it will not be King All money so received is paid into George who will reap the benefit of the account, at the Bank of England, his passion for improvement. Con- of the Consolidated Fund of the sequently, although the income from United Kingdom, which simply means | these Royal estates is his personal that it is credited to the British tax- | right and subject to no public super- The King's Economy Axe. payer, and not to the King. As though, at some tfme, astute politicians feared that a wilful and impoverished Sovereign might find a means of diverting these handsome revenues to his own purposes, they were fenced about with forms and ceremonies which must seem amus- ing to subjects of King George. The fiction of Royal pleasure is pre- served, but the real voice is the voice of Westminster. No great business house cbuld so effectually protect its banking account. If it is desired to draw out some portion of the revenue from the Crown estates, the recommendation is presented to the King, who signi- files his Royal Pleasure. This is an echo of the days when the estates were actually yielding their return to the Privy Purse. But the next step reasserts the bargain concluded with George II1, for application is made to Parliament for its assent to the withdrawal of -the required amounts. Once again, we have re- course to the Royal preogative, for the will of Parliament is conveyed to the King through the Privy Coun- vision, it can be stated with auth- ority that the present yield makes an {insignificant addition to the King's | income, | Shortly after/the war, it became evident to the King that the fin- creased cost of everything made a reorganization of his finances neces- sary. Not only that, but it was ob- vious, too, that he must effect some drastic economies without delay. To advise him on the subject, the King called in the late Lord Farquhar, then Lord Steward of the Household. Lord Farquhar had advised King Ed- ward very wisely on a similar sub- est confidence in his judgment. The Lord Bteward drew up a bal- 'ance sheet showing the exact posi- tion, and the King and he went over it together. Economies were un- doubtedly necessary, and, with char- acteristic self-sacrifice, the King brought down the "axe" first of all upon the relaxation he most enjoys. namely, yachting. From that, he went to racing, and his stable ex- penditure was severely. pruned. And ageous economy by cutting down the unessential things. In the result, he effected a saving of £10,000 per annum, but it meant foregoing many of those which provide some little compensa- tion for the tremendous - bilities he bearm To-day, in conse- quence of Lord Farquhar's advice 0d his own prompt action upon it, King's financial position is much |arch's ject, and King George had the great- |S. 80 on, setting an example of cour- | pleasures | = to pay but a small price for the mon- |B ~ 3 ? Steacy's Saturday Evening Sale! FROM 4 TO 9.30 O'CLOCK Offers many attractive values that should find a ready re- sponse with all economical shoppers. : Fur. Trimmed Coats Regular $15.00 to $20.00 - Sale Price 12.95 25 only, warm, Winter Coats with fur trimmings of Sealine and Opossum. The materials include Camelaine, Polaire, Ve- lour, Lustreline and Hy-glow all wool fab- rics. The shades are Black, Lanvin Green, Wood Brown, Old Wine and Camel--lined throughout with Satinette in stripes and brocade effects. And all Coats are warmly interlined. The sizes range from 16 to 42. EMBROIDERED PILLOW COLORED TERRY SLIPS, 69c. EACH TOWELS 4 for $1.00 300 Colored Terry Bath Towels, good size and weight --regular 35c. each. MEN'S ENGLISH FLAN. NELETTE PYJAMAS, $2.50 120 Suits of English Flannel- ette Pyjamas -- extra good weight, fit and finish. All . sizes. Reg. $3.00 values. BOYS' WOOL SWEATERS, . $2.59 EACH 240 Scalloped and Embroi- dered Pillow Slips; good quality with fine finish. Reg- ular 85c¢. each. BOYS' WOOL WORSTED HOSE, 50c. PAIR 50 doz., heavy, all-wool, elas- tic ribbed, Black Worsted Hose--all sizes from 5} up to 10. Regular 65¢c.to 75¢. a pair, according to size. PENMAN'S CASHMER- ETTE HOSE, 50c. PAIR 24 heavy, ribbed, all-wool Pullovers, in colors Red, Royal and Brown. Sizes 24 300 pairs Black and Brown Heavy Cashmerette Hose, with large elastic tops. Full fashioned. 75¢. PAIR Elastic' ribbed' and lined Bloomers, in colors of