what is privy purse? plz anyone?
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The Privy Purse is the British Sovereign'sprivate income, mostly from the Duchy of Lancaster. This amounted to £13.3 million in net income for the year to 31 March 2009. The Duchy is a landed estate of approximately 46,000 acres (200 square kilometres) held in trust for the Sovereign since 1399. It also has 190 miles (306 kilometres) of foreshore. The Duchy was valued at approximately £322 million in 2009.[1] The land is organised into the Lancashire Survey, the Yorkshire Survey, the Crewe Survey, the Nedwood Estate and the South Survey. The Sovereign is not entitled to the Duchy's capital, but the net revenues of the Duchy are the property of the Sovereign in right of the Duchy of Lancaster. While the income is private, the Queen uses the larger part of it to meet official expenses incurred by other members of the British Royal Family. Only the Queen and the Duke of Edinburghreceive payments from Parliament that are not reimbursed by the Queen.
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The kings of the Princely states , who merged them with India after independence, were paid a fixed annual amount of money as stipend .
It was called Privy Purse .
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2. This payment was made as they had to forego their governing rights.
3. The rulers of Hyderabad, Travancore, Mysore, etc. were offered with Privy Purses.
4. However, Privy Purse was finally abolished in 1971.