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(1)There shall, during the present reign and a period of six months afterwards, be paid for the Queen's Civil List the yearly sum of four hundred and seventy-five thousand pounds.
(2)In respect of any period during which the Duke of Cornwall for the time being is a minor, the sum payable under the preceding subsection shall be subject to a reduction of an amount equal to the net revenues of the Duchy of Cornwall for the year, less—
(a)for each year whilst he is under the age of eighteen years, one equal ninth part of those revenues,
(b)for each of the last three years of his minority, thirty thousand pounds,
and the net revenues of the Duchy up to the amount of the reduction to which the said sum is subject by virtue of this subsection shall be at the disposal of Her Majesty.
(3)In respect of any period during which the Duchy of Cornwall is vested in Her Majesty, the sum payable under subsection (1) of this section shall be subject to a reduction of an amount equal to the net revenues of the Duchy for the year.
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