William Pitt: A Biography

Appendix C: Pitt's Personal Income

by L. Rosebery




For this Appendix, and much besides, I am indebted to my friend Mr. E. W. Hamilton of the Treasury.

Mr. Pitt's income derived from official sources is generally stated to have been about £ 10,000 a year. It maybe interesting to show how these emoluments, somewhat understated, can be arrived at:

1. First Lord of the Treasury

(1) Salary as a Lord of the Treasury, charged on Civil List £ 1600*
Less deductions on account of Land Tax and other duties £ 380
Making net salary £ 1220

(2) Salary as First Lord, likewise charged on Civil List £ 4022**
Less deductions amounting to £ 242
Making net salary £ 3780

So as to bring total receipts of First Lord to £ 5000

    *Cf. Fifteenth Report from Select Committee on Finance, ordered to be printed 19th July 1797 ; and other House of Commons Papers, No. 147 of 1803, No. 309 of 1806, No. 17 of 1830, and No. 366 of 1869 (pp. 586-90).

    ** Cf. Fifteenth Report from Select Committee on Finance, ordered to be printed 19th July 1797, etc.

2. Chancellor of the Exchequer for Great Britain

(1) Salary as Chancellor of the Exchequer charged on Civil List £ 1800***
Less deductions on account of duties £ 148
Subtotal: £ 1652

(2) Exchequer fees, amounting to about £ 800
Total receipts of Chancellor of the Exchequer £ 2452

3. Warden of the Cinque Ports (or Constable of Dover Castle).

(1) Salary as Warden, charged on Civil List £ 4100
Less deductions on account of duties and salaries to subordinate officers, amounting to (about) £ 1300
Making net salary £ 2800****

(2) Further salary, charged on Army Votes, amounting to (about) £ 280****
Total receipts as Warden of the Cinque Ports £ 3080

4. Summary of Pitt's Emoluments

(1) First Lord of the Treasury £ 5000
(2) Chancellor of the Exchequer for Great Britain £ 2452
(3) Warden of the Cinque Ports £ 3080
Total emoluments £ 10,532

    ***House of Commons Paper, No. 322 of 1831.
    ****Cf. Appendix to Report on Select Committee of Finance, ordered to be printed 19th July 1797.

Note. Prior to 1797, the First Lord and Chancellor of the Exchequer had a share in (what was called) "New Year's Gifts," of varying but trifling amounts, which may be put at about £ 40 and £ 80 a year respectively. ***** These casual receipts were abolished that year by Mr. Pitt himself, on the recommendation of a Select Committee.

While Pitt held the Wardenship of the Cinque Ports there were also occasional receipts, which, arising from lost anchors, cables, and other droits, were attached to the office, but which must have been of insignificant as well as uncertain amount.

    ***** Cf. Report from Select Committee on Finance, ordered to be printed 19th July 1797 ; and House of Commons Paper, No. 309 of 1806.


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