QUOTE (ionia @ Jul 19 2009, 10:42 PM)

In WW1 Prize Money was not paid for individual ships. The total value of prizes taken during the war was distributed throughout the Navy after 1918. (I think that the share of an Able Seaman was about twenty-five pounds).
My understanding is that the calculations were
based on the prizes allocated to individual ships as determined by the Prize Court but paid later, in one or more lump sums. Once the Prize Court passed an order for condemnation and sale of the captured ships, they were sold commercially, including the cargo usually, and the proceeds were put into the Naval Prize Fund (the communal pot mentioned by
per ardua).
Cases for Prize Bounty were also heard by the Prize Court. One case in The Times in June 1916, on behalf of the officers and ship's companies of HMS Dwarf and HM submarines E 16 and E 4, claimed prize bounty for the destruction of the German armed steamship Nachtigal, torpedo-boat destroyer V 188 and patrol boat Senator van Berenberg Gossley. The bounty was calculated at £5 per head. From ionia's reply, however, these payments were made to ships' companies rather than into the Naval Prize Fund.
On Aug 1917, an announcement appeared in The Times (and London Gazette) that preparations were being made "for the intended distribution of the prize bounty awarded for the battle of Heliogoland Bight on August 28, 1914, the following ships being entitled to share in the award" (it lists the ships and submarines).
After the war, the money that had accumulated in the Prize Fund was distributed and, from my understanding, payments were based on (1) the individual's service (what ships they served on and for what periods) and (2) their rank/s at the time of service on those ships. Naval Prize distribution regulations were updated/published early in 1919, outlining what share of the Prize Fund each of the different ranks were due, e.g. Commander-in-Chief, Grand Fleet, 1000 shares, right down to the bottom of the ladder, the 13th class, supernumeraries and canteen staff, who got just 2 shares. I imagine that the men of the 12th class, which comprised "Ordinary Seaman, Boy, Private, Gunner, and Bugler of Marines, and equivalent Ranks and Ratings, Native Seamen and Stokers", might have had something to say at the time at receiving just one more share than this.
If anyone wants the distribution regulations in full, as published in The Gazette, and the full list of ranks and shares, I can send it.
regards,
Martin