Currently, there are two duchies in England; the royal

Duchy of Lancaster The Duchy of Lancaster is the private estate of the Monarchy of the United Kingdom, British sovereign as Duke of Lancaster. The principal purpose of the estate is to provide a source of independent income to the sovereign. The estate consists of ...

and the royal

Duchy of Cornwall The Duchy of Cornwall ( kw, Duketh Kernow) is one of two royal duchies in England, the other being the Duchy of Lancaster. The eldest son of the reigning British monarch obtains possession of the duchy and the title of 'Duke of Cornwall' at ...

. Unlike historic

duchies A duchy, also called a dukedom, is a medieval country, territory, fief, or domain ruled by a duke or duchess, a ruler hierarchically second to the king or queen in Western European tradition. There once existed an important difference between " ...

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

, these are no longer coextensive with a distinct geographic area, though they originated in the counties palatine of Lancaster and

Cornwall Cornwall (; kw, Kernow ) is a historic county and ceremonial county in South West England. It is recognised as one of the Celtic nations, and is the homeland of the Cornish people. Cornwall is bordered to the north and west by the Atlantic ...

. Rather, they are "

Crown A crown is a traditional form of head adornment, or hat, worn by monarchs as a symbol of their power and dignity. A crown is often, by extension, a symbol of the monarch's government or items endorsed by it. The word itself is used, partic ...

bodies", regulated by Acts of

Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...

, that have some of the powers of a

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

trust Trust often refers to: * Trust (social science), confidence in or dependence on a person or quality It may also refer to: Business and law * Trust law, a body of law under which one person holds property for the benefit of another * Trust (bus ...

. The administration of the duchies is regulated by the

Duchies of Lancaster and Cornwall (Accounts) Act 1838 The Duchies of Lancaster and Cornwall (Accounts) Act 1838 (1 & 2 Vict c 101) is an Act of the Parliament of the United Kingdom. It requires the Duchy of Cornwall and the Duchy of Lancaster to present their annual accounts to Parliament. Title ...

. The duchies invest primarily in land, and their income is payable either to the

monarch A monarch is a head of stateWebster's II New College DictionarMonarch Houghton Mifflin. Boston. 2001. p. 707. Life tenure, for life or until abdication, and therefore the head of state of a monarchy. A monarch may exercise the highest authority ...

or the monarch's eldest heir.

Duchy of Lancaster

The Duchy of Lancaster owns approximately including

Lancaster Castle Lancaster Castle is a medieval castle and former prison in Lancaster in the English county of Lancashire. Its early history is unclear, but it may have been founded in the 11th century on the site of a Roman fort overlooking a crossing of ...

and is administered by a Chancellor. The

Chancellor of the Duchy of Lancaster The chancellor of the Duchy of Lancaster is a ministerial office in the Government of the United Kingdom. The position is the second highest ranking minister in the Cabinet Office, immediately after the Prime Minister, and senior to the Minist ...

is normally a member of the

British Cabinet The Cabinet of the United Kingdom is the senior decision-making body of His Majesty's Government. A committee of the Privy Council, it is chaired by the prime minister and its members include secretaries of state and other senior ministers. ...

. The income of the Duchy of Lancaster accrues to the

Duke of Lancaster The Dukedom of Lancaster is an English peerage merged into the crown. It was created three times in the Middle Ages, but finally merged in the Crown when Henry V succeeded to the throne in 1413. Despite the extinction of the dukedom the title h ...

, a title which has been held by the reigning monarch since 1413, whether male or female;

King Charles III Charles III (Charles Philip Arthur George; born 14 November 1948) is King of the United Kingdom and the 14 other Commonwealth realms. He was the longest-serving heir apparent and Prince of Wales and, at age 73, became the oldest person to a ...

is the current Duke of Lancaster.

Duchy of Cornwall

The principal activity of the Duchy of Cornwall is the management of its land totalling in

. This includes just over 2% of the county of

. The majority of the estate lies elsewhere, with half being on

Dartmoor Dartmoor is an upland area in southern Devon, England. The moorland and surrounding land has been protected by National Park status since 1951. Dartmoor National Park covers . The granite which forms the uplands dates from the Carboniferous ...

Devon Devon ( , historically known as Devonshire , ) is a ceremonial and non-metropolitan county in South West England. The most populous settlement in Devon is the city of Plymouth, followed by Devon's county town, the city of Exeter. Devon is ...

, with other large holdings in

Herefordshire Herefordshire () is a county in the West Midlands of England, governed by Herefordshire Council. It is bordered by Shropshire to the north, Worcestershire to the east, Gloucestershire to the south-east, and the Welsh counties of Monmouthshire ...

Somerset ( en, All The People of Somerset) , locator_map = , coordinates = , region = South West England , established_date = Ancient , established_by = , preceded_by = , origin = , lord_lieutenant_office =Lord Lieutenant of Somerset , lord_ ...

and almost all of the

Isles of Scilly The Isles of Scilly (; kw, Syllan, ', or ) is an archipelago off the southwestern tip of Cornwall, England. One of the islands, St Agnes, is the most southerly point in Britain, being over further south than the most southerly point of the ...

. Another large portion of its holdings are strips of foreshore and riverbed along the Cornish and Devon coasts. The duchy also has a financial investments portfolio. The income of the Duchy of Cornwall accrues to the

Duke of Cornwall Duke of Cornwall is a title in the Peerage of England, traditionally held by the eldest son of the reigning British monarch, previously the English monarch. The duchy of Cornwall was the first duchy created in England and was established by a ro ...

, who is the monarch's eldest child if heir to the throne (and thus generally the

Prince of Wales Prince of Wales ( cy, Tywysog Cymru, ; la, Princeps Cambriae/Walliae) is a title traditionally given to the heir apparent to the English and later British throne. Prior to the conquest by Edward I in the 13th century, it was used by the rulers ...

). The eldest son of the reigning

British monarch The monarchy of the United Kingdom, commonly referred to as the British monarchy, is the constitutional form of government by which a hereditary sovereign reigns as the head of state of the United Kingdom, the Crown Dependencies (the Bailiwi ...

inherits possession of the duchy and title of

at birth or when his parent succeeds to the throne, but may not sell assets for personal benefit and has limited rights and income as a minor. If the monarch has no male children, the rights and responsibilities of the duchy belong to the

, and there is no duke. The current duke is

William, Prince of Wales William, Prince of Wales, (William Arthur Philip Louis; born 21 June 1982) is the heir apparent to the British throne. He is the elder son of King Charles III and his first wife Diana, Princess of Wales. Born in London, William was educat ...

. For the fiscal year ending 31 March 2020, the duchy was valued at £909 million, and annual profit was £22.3 million, a revenue surplus gain of 2.9% from the previous year. The estate reported a reduction in carbon emissions of 56% since 2007 with an aim to be net zero by 2028.

References

{{Reflist

External links

Duchy of Cornwall – official websiteDuchy of Lancaster – official website

Duchy of Lancaster

Duchy of Cornwall

See also

References

External links