Why Royal Navy prize money faded away

When was prize money abolished in the Royal Navy?

It faded in practice during the Victorian era, with later reforms associated here with Churchill's time at the Admiralty; no precise abolition date is supplied.

Prize money had largely faded in practice during the Victorian period before later reforms formalized the change. The answer associates some of those reforms with Churchill's period as First Lord of the Admiralty, without supplying a precise abolition date. Modern operations made the old ship-centered distribution rules increasingly difficult to defend. An aircraft crew might discover a vessel that a warship subsequently captured, raising the question of how to divide the proceeds. Naval aviation and the Royal Air Force complicated a system built around the crews of ships taking prizes.