This was the first Act of Parliament to set the Civil List, although the custom had begun in 1689. The annual amount assigned to King William III and his household was £700,000, an amount that did not change until the beginning of the reign of George III in 1760.
The Civil List Act set an important precedent by establishing a fixed allowance for the monarch's expenses, although this custom had been practiced since 1689 with King William III. The annual allocation to the king and his household was £700,000, which remained unchanged until George III began his reign in 1760.