Royal history: British royal family's financial constraints

Jan. 21, 1936, London - The Royal Family which receives approximately $2.7 mn a year from Parliament is hard-pressed, reports The United Press. The amount is not enough to cover the cost of the Court and has to be subsidized by the Prince of Wales' Duchy of Cornwall and the King's own Duchy of Lancaster, which yields $285,000 a year. 

Here is detail of annual Civil list:

King

Privy Purse - $489,000

Household salaries - $559,000

House expenses - 858,000

Repairs and maintenance - 100,000

Royal bounty - 58500

unappropriated - 36,000

Royal Family

Duke of York - 119,000

Duke of Gloucester - 119000

Duke of Kent - 119000

Princess Royal - 28500

The Privy Purse however incurred deficit many times over.

1919 - $116,000

1920 - 218000

1921 - 257000

King George V eventually decided to cut his civil list by 260,000 a year when England hit a slump after the Depression.