Was the British Cruisers and Convoys Act of 1708 ever reversed? Are british sailors still owed prize money for captured men/ships/goods seized in war?

by LikeTotesObvi

I'm reading "The Autobiography of a Seaman" by Thomas Cochrane Dundonald (1860). Prize money is mentioned often, and the writer alludes to some disagreement about the subject.

Their streets abounded with seamen eager to share in anticipated prize-money—for whatever may be the ideas of modern statesmen on this subject, prize-money formed then, as it will ever form, the principal motive of seamen to encounter the perils of war

-- Page 13, Cruise of the Hind

This sparse article alludes to the practice dying out, but mentions no legislation or parliamentary arguments for or against. https://en.wikipedia.org/wiki/Prize_money

I wondered if anyone could point me in the direction of who frowned on it, what was done, etc

Thanks in advance

qualis-libet

In the UK prize money practice was abolished after the World War II (Prize Act 1948). Nowadays, according to the current version of the Naval Prize Act 1964 the Royal Navy servicemen can only be awarded prize salvage for re-capture of British ship or goods from enemy.