Heir to the throne Prince Charles paid off on Tuesday (June 10) a family debt incurred more than 350 years ago, which King Charles II failed to pay to the Clothiers Company in Worcester, central England, in 1651. He handed over ₤453.15, equivalent to about €572.20 or US$885.04 at today's exchange rate, while on a visit to the former headquarters of the royalist troops in the Faithful City, so-called because it remained loyal to his ancestor during the English Civil War.
The high commissioner of the Clothiers Company, Philip Sawyer, accepted the payment even without interest and gave the future king a receipt. If interest was taken into account, the debt amount would have been worth approximately ₤47,500 pounds in 2007 according to the Institute for the Measurement of Worth.
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