Re: Italian Royal Jewels - Crown & Private property Archived Message
Posted by Carlo  on September 16, 2012, 6:46 pm, in reply to "Re: Italian Royal Jewels - Crown & Private property"
I think it's quite unlikely that the Repubblica hand over the jewels to the former RF.
Anyway, the Italian RF did not come out badly from the end of the monarchy in 1946. They were a rather rich RF with properties, castles in Piedmont surrounded by acres and acres of land, villas in Rome with acres of parks and woods around.
They had two estates on the coast near Rome of hectares and hectares and in the 50's they hace built homes, parkings, shopping centres, ecc. So the value has gonne up.
The new costituzione of the Italian repubblica would have been effettive from 1st january 1948, but Kingston Vittorio Emanuele III died on 28th December 1948, so his testament was applied, and he hard divided everything in five Parts. So the government was entitled only to confiscate 1/5th, that is only the king Umberto II's share.
There was so much to share that the other four sisters, generously, divided their four parts by five, and King Umberto received a fair share, including also 1/5 of the sum received by the Lloyds of London as a compensation on the assassination of King Umberto I, on 29th July, 1900. This amounted to 1,5 milion pounds in 1950.
--Previous Message--
: I see. Thanks for the explanation. Imagine
: when the Repubblica Italiana would hand over
: the jewels, would they give it to the
: natural heirs of King Umberto (Maria Pia,
: Vittorio Emanuele, Maria Gabriella, Maria
: Beatrice) or to the Heir according to his
: famous letter (Amedeo di Savoia-Aosta)?
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