Slave Compensation Act 1837

The Slave Compensation Act 1837 (1 & 2 Vict. c. 3) was an Act of Parliament in the United Kingdom, signed into law on 23 December 1837.

It empowered the Commissioners for the Reduction of the National Debt, under the direction of the Treasury, to either pay the compensation that was still owing to slave owners out of the West India Compensation Account, or to transfer a proportionate amount of 3½% government annuities. The various acts of William IV relating to slave compensation were to be considered, as far as applicable, to apply to this act.

Slave owners were paid approximately £20 million in compensation in over 40,000 awards for enslaved people freed in the colonies of the Caribbean, Mauritius and the Cape of Good Hope according to a government census that named all owners as of 1 August 1834.

University College London has set up a project Legacies of British Slave-ownership which aims to list the individuals who received compensation. They estimate that somewhere between 10-20% of Britain's wealthy can be identified as having had significant links to slavery.

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