King Charles III of britain Is Reportedly Profiting From Dead..?
The state declared a shift in its guidelines.
When contacted by the Guardian this week, the Duchy of Lancaster first refused to comment on whether its charity had any investments in mining, oil and gas, tobacco, or weapons firms, the article stated. An estate representative made the announcement of the policy change late on friday night, november 24. "In line with the monarch's long-standing support of ethical investing, the Duchy of Lancaster has begun the process of transferring its investment portfolio to an ESG fund," stated a spokeswoman. It is anticipated that this procedure will be finished before the conclusion of the fiscal year.The Crown has not indicated that it intends to cease collecting bona vacantia or alter how it is used.
MP Cat Smith of Lancaster and Fleetwood expressed astonishment.
According to HT, the two organizations that receive a portion of Bona Vacantia are the Duchy of Lancaster Benevolent Fund and the Duchy of Lancaster Jubilee Trust. They each established sizeable endowment funds of £18 million and £26 million. The combined charities want to see a £500,000 yearly return on their investments.
The mp for Lancaster and Fleetwood, Cat Smith, expressed her shock at learning of the anomaly that transfers the estate of a deceased person in the county to the Crown instead of the State, calling it an ancient and unfair holdover from the Middle Ages. "Like many local people, I am seeking advice on how to bring our voters' rights out of the feudal era," Smith said.
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