Finances of the British royal family are not subject to legislation concerning income tax, capital gains tax or inheritance tax. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall has a Crown exemption and the Prince of Wales is not legally liable to pay income tax on Duchy revenues. A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It is intended that the arrangements in the memorandum will be followed by the next monarch. The memorandum describes the arrangements by which The Queen and The Prince of Wales make
Queen Elizabeth 2 numeric "2" – rather than a Roman "II" – to the decision by Cunard to use a more modern typeface to suit the style of the 1960s. The book also surmises that the naming of the liner after the reigning monarch, in the form Queen Elizabeth II, was potentially offensive to some Scots, as the title of Queen Elizabeth II (of the United Kingdom) relates to the lineage of the throne of England (the Tudor monarch Elizabeth I having reigned only in England). A later account by Ronald Warwick (son of William "Bil" Warwick, first master of "QE2"), who was