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DuchyA duchy is a territory, fief, or domain ruled by a duke or duchess. Historically, some duchies in Continental Europe were sovereign, while others (especially in France and Britain) were subordinate districts of a kingdom.
The Duchy of Cornwall currently owns approximately 141,000 acres (57,000 hectares) in England. This includes just over 2% of the county of Cornwall. The majority of the estate lies elswhere, with half being on Dartmoor in Devon. The income of the Duchy of Cornwall accrues to the Duke of Cornwall, who is the monarch's eldest son if heir to the throne (and thus currently the Prince of Wales). The estate reported a profit of over £7,800,000 for the year ending March 31, 2002.
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