Keeper of the Privy Purse
Keeper of the Privy Purse
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Keeper of the Privy Purse

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Keeper of the Privy Purse

The Keeper of the Privy Purse and Treasurer to the King/Queen (or Financial Secretary to the King/Queen) is responsible for the financial management of the Royal Household of the Sovereign of the United Kingdom. At coronations in recent centuries, the holders of this office invariably carried a ceremonial purse, embroidered with the royal coat of arms.

The officeholder is assisted by the Deputy Treasurer to the King/Queen for the management of the Sovereign Grant, currently Sally O'Neill (formerly Chief Operating Officer of the Royal Opera House).

The officeholder is also assisted by the Deputy Keeper of the Privy Purse for semi-private concerns, such as racing stables, the Royal Philatelic Collection, Royal Ascot, the Chapel Royal, the Page of Honour, Military Knights of Windsor, Royal Maundy, the Royal Victorian Order, grace and favour apartments, and the Duchy of Lancaster. These are funded from the Privy Purse, which is drawn largely from the Duchy of Lancaster and the Duchy of Cornwall.

The Keeper of the Privy Purse meets the Sovereign at least weekly. Among the duties is the allocation of grace and favour apartments at the royal palaces. The current Keeper of the Privy Purse and Treasurer to the King is James Chalmers.

In 1920, as part of a re-arrangement of duties in the Royal Household of King George V, the Keeper of His Majesty's Privy Purse was retitled 'Treasurer to the King and Keeper of the Privy Purse'; at the same time the Secretary of the Privy Purse became 'Assistant Treasurer to the King, and Secretary of the Privy Purse'. In 1922, the latter office-holder (Sir John Chapple) was redesignated as 'Deputy Keeper of the Privy Purse', though he resigned from office the following year. His successor was (once again) appointed 'Secretary of His Majesty's Privy Purse'; while, two months later, a separate 'Deputy Treasurer to the King' was appointed. Subsequently, these two officers served, under the 'Treasurer to the King and Keeper of the Privy Purse', as respective heads of the Privy Purse Office and the Treasurer's Office. Towards the end of George V's reign, the office of Keeper of the Privy Purse was briefly combined with that of Private Secretary to the King, with the erstwhile Deputy Treasurer (Sir Ralph Endersby Harwood) serving as Financial Secretary to the King.

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