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Updated: May 10, 2025
After she had in 1837 placed her life-interest in the hereditary revenues of the crown at the disposal of the House of Commons, her yearly income was fixed at L385,000.
This year 1837, Victoria spent her first Christmas as a Queen at Windsor, right royally I doubt not, and I think it probable she received a few presents. A few days before, she had gone in state to Parliament, to give her assent to the New Civil List Act-not a hard duty for her to perform, it would seem, as that act settled on her for life an annual income of L385,000.
One detail of her happy situation deserves particular mention. Apart from the splendour of her social position and the momentousness of her political one, she was a person of great wealth. As soon as Parliament met, an annuity of L385,000 was settled upon her. When the expenses of her household had been discharged, she was left with L68,000 a year of her own.
It was pointed out that the ceremonial functions of the Crown had virtually lapsed; and the awkward question remained whether any of the other functions which it did continue to perform were really worth L385,000 per annum. The royal balance-sheet was curiously examined.
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