New Delhi, July 8 -- Prince William has decided to let go of thousands of euros in rent from charities in the Duchy of Cornwall on lifeboat stations, the fire service, village halls and school playing fields.

His decision comes after The Times reported that his private property empire was making large sums of tax-free money from charities and community groups, and provided William with a private income.

According to the outlet's latest report, the Duchy of Cornwall said it had taken the opportunity "to stop and reflect" on the reports of profit from rent from charities.

It said it now wishes to adopt a "new policy" to ensure it was "a force for good in the years to come".

According to the report, this year alone the Duchy of Cornwall ...