Harrison finally receives a monetary award in …
Years: 1773 - 1773
Harrison finally receives a monetary award in the amount of £8,750 from Parliament for his achievements in 1773, when he is eighty years old, but he will survive for just three more years, never to receive the official award (which is never awarded to anyone).
In total, Harrison will receive £23,065 for his work on chronometers.
He has received £4,315 in increments from the Board of Longitude for his work, £10,000 as an interim payment for H4 in 1765 and £8,750 from Parliament in 1773.
This gives him a reasonable income for most of his life (equivalent to roughly £45,000 per year in 2007, though all his costs, such as materials and subcontracting work to other horologists, had had to come out of this).
He becomes the equivalent of a multimillionaire (in today's terms) in the final decade of his life.
