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The Royal Contract Estates were leased by King James I to trustees for Prince Charles, who, when King, caused them to be assigned to trustees for the City in satisfaction of loans made by the City. The estates were situated in many counties including Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Carmarthenshire, Caernarvonshire, Cheshire, Cornwall, Cumberland, Denbighshire, Derbyshire, Devon, Dorset, County Durham, Essex, Glamorgan, Gloucestershire, Hampshire, Herefordshire, Huntingdonshire, Kent, Lancashire, Leicestershire, Lincolnshire, Merioneth, Middlesex, Monmouthshire, Norfolk, Northamptonshire, Northumberland, Nottinghamshire, Oxfordshire, Pembrokeshire, Rutland, Shropshire, Somerset, Staffordshire, Suffolk, Surrey, Sussex, Warwickshire, Westmorland, Wiltshire, Worcestershire and Yorkshire. Nearly all the estates were sold to pay off the King's creditors, except the Conduit Mead Estate in the Bond Street area of London.