The changes with regard to judicial salaries under William IV. were
comparatively unimportant. By 2 and 3 Will. IV. c. 116, the salaries of
puisne judges and barons were reduced to L5000 a year; and by 2 and 3
Will. IV. c. 111, the Chancellor's pension, on retirement, was raised to
L5000, the additional L1000 per annum being assigned to him in
compensation of loss of patronage occasioned by the abolition of certain
offices. These were the most noticeable of William's provisions with
regard to the payment of his judges.
The present reign, which has generously given the country two new
judges, called Lord Justices, two additional Vice Chancellors, and a
swarm of paid justices, in the shape of county court judges and
stipendiary magistrates, has exercised economy with regard to judicial
salaries. The annual stipends of the two Chief Justices, fixed in 1825
at L10,000 for the Chief of the King's Bench, and L8000 for the Chief of
the Common Pleas, have been reduced, in the former case to L8000 per
annum, in the latter to L7000 per annum. The Chancellor's salary for his
services as Speaker of the House of Lords, has been made part of the
L10,000 assigned to his legal office; so that his income is no more than
ten thousand a year. The salary of the Master of the Rolls has been
reduced from L7000 to L6000 a year; the same stipend, together with a
pension on retirement of L3750, being assigned to each of the Lords
Justices. The salary of a Vice Chancellor is L5000 per annum; and after
fifteen years' service, or in case of incurable sickness, rendering him
unable to discharge the functions of his office, he can retire with a
pension of L3500.
Thurlow had no pension on retirement; but with much justice Lord
Campbell observes: "Although there was no parliamentary retired
allowance for ex-Chancellors, they were better off than at present.
Thurlow was a Teller of the Exchequer, and had given sinecures to all
his relations, for one of which his nephew now receives a commutation of
L9000 a year." Lord Loughborough was the first ex-Chancellor who
enjoyed, on retirement, a pension of L4000 per annum, under Stat. 39
Geo. III. c. 110. The next claimant for an ex-Chancellor's pension was
Eldon, on his ejection from office in 1806; and the third claimant was
Erskine, whom the possession of the pension did not preserve from the
humiliation of indigence.
Public-domain text, read in full here on John Shaqi.
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