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Royal Yacht Britannia
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A June 23, 1997 photo from files showing the Royal Yacht Britannia passing the new Hong Kong Convention Center in Hong Kong Harbor. It is estimated that a new yacht would cost at least 60 million pounds ($92 million).
updated 1/16/2012 10:52:56 AM ET 2012-01-16T15:52:56

What do you get for a monarch who has almost everything? Not, apparently, a new yacht, at least not one paid for with taxpayer funds.

That was the message Monday as a brief boomlet of support for the idea of providing Queen Elizabeth II with a new royal yacht to mark her Diamond Jubilee was quickly deflated by Prime Minister David Cameron.

It is estimated that a new yacht would cost at least 60 million pounds ($92 million).

Cameron's spokesman Steve Field said it would not be appropriate for public funds to be spent on a new yacht during times of economic hardship.

"I don't think anyone is suggesting public money should be used for this," Field told reporters Monday. "There is a difficult economic situation, there are scarce public resources, therefore we don't think it would be an appropriate use of public money at the present time."

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But Cameron's office didn't rule out the possibility of helping Buckingham Palace to secure private-sector funding, if royal officials decide that Queen Elizabeth II needs a new vessel.

The idea was proposed by Education Secretary Michael Gove, who suggested in a leaked letter that the queen should receive a replacement for the Royal Yacht Britannia, which was decommissioned in 1997 after 44 years as a floating royal residence.

He said the jubilee offers a "tremendous opportunity to recognize in a very fitting way the queen's highly significant contribution to the life of the nation and the Commonwealth."

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Royal watchers who have followed the queen's long career remember that one of the very few times she has shown emotion in public was when she shed a tear at the decommissioning of the Britannia, which is now berthed in Edinburgh as a tourist display.

The ship sprang a leak earlier in January, requiring repair work.

Buckingham Palace officials said they would not be commenting on the matter.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos: Life of a Queen

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  1. This year marks the Diamond Jubilee of Queen Elizabeth, who ascended to the throne on Feb. 6, 1952, after the death of her father, George VI. The royal family is gearing up for festivities throughout the year. These pictures show highlights from the queen's life and long reign.

    Albert and Elizabeth, Duke and Duchess of York, and their daughter Princess Elizabeth in June 1927. (The Royal Collection via EPA) Back to slideshow navigation
  2. Albert, Duke of York, and his daughter, Princess Elizabeth, in July 1929. (The Royal Collection via EPA) Back to slideshow navigation
  3. The future Queen Elizabeth is seen here as a young girl with her mother, affectionately known as "Queen Mum," and her younger sister, Princess Margaret, in 1930. (Hulton Archive via Getty Images) Back to slideshow navigation
  4. Britain's King George VI and Queen Elizabeth with their daughters Princesses Elizabeth (2-L) and Margaret (R) in December 1936. (The Royal Collection via EPA) Back to slideshow navigation
  5. Princess Elizabeth and a friend take the London Zoo's penguins for a walk on June 30, 1938. (AP) Back to slideshow navigation
  6. Princess Elizabeth in April 1940. (The Royal Collection via EPA) Back to slideshow navigation
  7. Princess Elizabeth sits side-saddle in her uniform as colonel-in-chief of the Grenadier Guards in this 1947 photo. (Central Press / Getty Images) Back to slideshow navigation
  8. Princess Elizabeth wears a silver gown with a diamond tiara and pearl necklace in this formal portrait taken in August 1949. (AP) Back to slideshow navigation
  9. Princess Elizabeth stands with her husband, Prince Philip, and their first two children, Prince Charles and Princess Anne, at Clarence House, the royal couple's London residence. The photo was taken in August 1951. (AP) Back to slideshow navigation
  10. Queen Elizabeth II and the Prince Philip pose after the Queen's Coronation in Buckingham Palace on June 2, 1953. (Ho / AFP - Getty Images) Back to slideshow navigation
  11. Queen Elizabeth addresses a vast gathering -- estimated at more than a quarter of a million -- at the Ramlila Grounds, outside the walls of Old Delhi, India, on Jan. 28, 1961. (AP) Back to slideshow navigation
  12. Prince Charles, uncharacteristically sporting a moustache, proceeds through the nave of Westminster Abbey after installing him as Great Master of the Most Honourable Order of the Bath on May 28, 1975. Following him is his mother, Queen Elizabeth II, who performed the ceremony, which also marked the 250th anniversary of the order. (Hulton Archive via Getty Images) Back to slideshow navigation
  13. Britain's Queen Elizabeth II arrives at King's Cross railway station in London with her four corgi dogs after holidays in Balmoral Castle in Scotland on October 15, 1969. (- / AFP - Getty Images) Back to slideshow navigation
  14. Queen Elizabeth II with Prince Charles and his fiancée Lady Diana Spencer at Buckingham Palace on March 27, 1981. (Hulton Archive via Getty Images) Back to slideshow navigation
  15. Queen Elizabeth and Pope John Paul II meet at the Vatican on Oct. 17, 2000. (Alessandro Bianchi / AP) Back to slideshow navigation
  16. Queen Elizabeth and Prince Philip ride in the Golden State Carriage at the head of a parade from Buckingham Palace to St Paul's Cathedral to celebrate the Queen's Golden Jubilee on June 4, 2002. (Sion Touhig / Getty Images) Back to slideshow navigation
  17. The Prince of Wales and his new bride Camilla, Duchess of Cornwall (center), with their families in the White Drawing Room at Windsor Castle after their wedding ceremony on April 9, 2005. Seen standing (from left) are Prince Harry, Prince William and Tom and Laura Parker Bowles. Seated are the Duke of Edinburgh, Queen Elizabeth and Camilla's father, Major Bruce Shand. (v / Pool via Getty Images) Back to slideshow navigation
  18. Prince Harry smiles broadly as his grandmother Queen Elizabeth reviews him and other officers during the Sovereign's Parade at the Royal Military Academy at Sandhurst in Surrey to mark the completion of their training in April 2006. (Martinez Dylan / Abaca) Back to slideshow navigation
  19. Britain's Queen Elizabeth meets the public during a walkabout to celebrate her 80th birthday in Windsor, England. The queen was born on April 21, 1926, and ascended the throne in February 1952. (Kirsty Wigglesworth / Pool via AP) Back to slideshow navigation
  20. U.S. President George W. Bush, First Lady Laura Bush, Britain's Queen Elizabeth II and Prince Philip, the Duke of Edinburgh pose for a picture at the Grand Foyer of the White House for a State Dinner in Washington, May 7, 2007. (Jason Reed / Reuters) Back to slideshow navigation
  21. To mark their diamond-wedding anniversary on November 20, 2007, Britain's Queen Elizabeth II and Prince Philip re-visit Broadlands, where 60 years ago, they spent their wedding night. Broadlands in Hampshire had been the home of Prince Philip's uncle, Earl Mountbatten. (Tim Graham / Pool via AP) Back to slideshow navigation
  22. Queen Elizabeth II attends the Remembrance Sunday Service at the Cenotaph on November 9, 2008 in London. This year is the 90th Anniversary of the end of the First World War. (Chris Jackson / Getty Images) Back to slideshow navigation
  23. U.S. President Barack Obama and First Lady Michelle Obama are welcomed by Her Majesty Queen Elizabeth II to Buckingham Palace on April 1, 2009. (Pete Souza / White House via Getty Images) Back to slideshow navigation
  24. Britain's Queen Elizabeth II returning to Buckingham Palace in central London after addressing Parliament during the official State Opening of Parliament ceremony at Westminster on November 18, 2009. (Leon Neal / AFP - Getty Images) Back to slideshow navigation
  25. Official royal wedding portrait taken in the Throne Room at Buckingham Palace in London on April 29, 2011 with Britain's Prince William and Kate, Duchess of Cambridge (C), Front row (L-R): Grace van Cutsem, Eliza Lopes, Prince Philip Duke of Edinburgh, Queen Elizabeth II, Margarita Armstrong-Jones, Louise Windsor, William Lowther-Pinkerton. Back Row (L-R): Tom Pettifer, Camilla Duchess of Cornwall, Prince Charles, Prince Harry, Michael Middleton, Carole Middleton, James Middleton and Philippa Middleton. (Hugo Burnand / AFP-Getty Images) Back to slideshow navigation
  26. Britain's Queen Elizabeth II smiles as she arrives for a vist to Kings Lynn Town Hall in Kings Lynn, Norfolk on February 6, 2012 to start celebrations for her diamond jubliee 60 years to the day since she ascended to the throne. (Chris Radburn / AFP - Getty Images) Back to slideshow navigation
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Video: A ‘360-degree view’ of Queen Elizabeth

  1. Closed captioning of: A ‘360-degree view’ of Queen Elizabeth

    >>> it's a big year for queen elizabeth ii . she's celebrating her diamond jubilee in 2012 . 60 years on the throne. in those six decades she's experienced highs and lows both personally and politically. we have sally smith , the author of " elizabeth the queen , the life of a modern monarch." good morning.

    >> good morning. great to be here.

    >> kudos on the timing of the book, timing it to the diamond jubilee . you did not interview the queen but you interviewed 200 people described as being close to her -- friends, family? how close did you get?

    >> her inner circle of close friends who have known her for her whole life. family members, close advisers and then a wonderful gamut of people like men who run her estate, the people who trained her dogs and her horses, the crown jeweler. it enabled me to get a 360-degree view of her.

    >> as a result, the l.a. times notes despite the fact that you're writing about someone so well known over the decades there are things to be learned about queen elizabeth ii . for instance, when the queen and prince philip -- at the time they were the william and kate of their time. they had very serious battles because of her station, specifically over the naming of their children.

    >> that happened right after she became queen in 1952 . she had to make a decision. her family was the house of windsor. really out of loyalty to her father and her grandfather before her, she chose that as her name. philip was upset. he wanted his family name to be the one. that hung in the air for a number of years until finally, right before the birth of their third child, prince andrew , she came one a compromise that the nonroyal successors, those who didn't have the h.r.h., her royal highness , attached to oh the name would be called mount baton windsor.

    >> you say the queen saw the breakup of charles and diana as perhaps a replay of history that could threaten charles's opportunity to ever be king.

    >> yes. in the middle of all the trouble she was counseled by the archbishop of canterbury . he said she never really -- her mood was always very calm. but she was worried. he said they were talking about the possibility of divorce and she said, i really worry that history may be repeating. she was obviously thinking of the duke and duchess of windsor and when edward viii her uncle abo abdicated the throne to marry her.

    >> we dug through our archives and found a clip of prince philip being interviewed by barbara walters . take a look.

    >> -- of the queen abdicating at some future date. is this something that's been considered or is it a rumor?

    >> as far as i know it's a rumor. i mean, it has its attractions.

    >> what did you learn about whether the queen would ever abdicate?

    >> it's a job for life. she's made that clear from the beginning. sh she gave a touching speech when she was 21. she said, i pledge to you however long i live, whether my life be long or short i will be at your service for the rest of my life. she has repeated that over and over throughout her 60-year reign. the reason is that she has -- it's almost -- she's been consecrat consecrated. the coronation in 1953 was a solemn, important act for her. being anointed and taking the oath to serve her people for the rest of her life.

    >> unless, of course, she has alzheimer's or some other failing. that would be her word.

    >> one of her cousins told me that. no one's mentioned that. she said she wouldn't step down, but her son, prince charles , could step in as prince regent .

    >> we have a few seconds left. you found out what's in her purse.

    >> i did. the kinds of things we would think. lipstick, coin purse, kleenex, comb.

    >> a practical woman. we'll have more after this.

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