The annual reproduces a draft royal proclamation for distributing prize money from captures made during the recent war. It states an aggregate of four million pounds for the Royal Navy prize fund and one million two hundred and fifty thousand pounds for the Royal Air Force fund. Naval and marine personnel, government-raised crews, and representatives of deceased recipients could fall within the distribution. The Prize Act 1948 and the older Naval Agency and Distribution Act 1864 supplied the legal framework for determining shares and directing payment. The financial and administrative consequences of the naval war continued well after combat ended.
Notable Point · 31:10-32:32
How wartime prize money was distributed after 1945
A draft royal proclamation records the funds, eligible personnel, representatives, and statutory machinery used to distribute wartime prize proceeds.