How Royal Navy prize money faded away

Was prize money still paid during the Second World War, and when did the practice end?

Traditional prize payments had faded by the First World War in this account, but extra pay and other rewards for captures continued, so no firm final date is offered.

The endpoint depends on what counts as prize money. In this account, traditional payments based on a captured ship's value had faded out by the First World War. Captures could still bring extra pay, leave, medals, or other rewards. Some payments could technically fall under prize-money rules, making a single cut-off date difficult to defend.