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Additional awards were presented to the British fleet: Nelson was awarded £ 2, 000 (£ as of ) a year for life by the Parliament of Great Britain and £ 1, 000 per annum by the Parliament of Ireland, although the latter was inadvertently discontinued after the Act of Union dissolved the Irish Parliament.
Both parliaments gave unanimous votes of thanks, each captain who served in the battle was presented with a specially minted gold medal and the first lieutenant of every ship engaged in the battle was promoted to commander.
Although initially excluded and even though they did not directly participate in the engagement, Troubridge and his men were given equal shares in the awards after Nelson personally interceded for the crew of the stranded Culloden.
The Honourable East India Company presented Nelson with £ 10, 000 (£ as of ) in recognition of the benefit his action had on their holdings and similar awards were made by the cities of London, Liverpool and other municipal and corporate bodies.
From his own captains, Nelson was presented with a sword and a portrait as " proof of their esteem ".
Nelson publicly encouraged this close bond with his officers and on 29 September 1798 described them as " We few, we happy few, we band of brothers ", echoing William Shakespeare's play Henry V. From this grew the notion of the Nelsonic Band of Brothers, a cadre of high-quality naval officers that served with Nelson for the remainder of his life.
Nearly five decades later the battle was among the actions recognised by a clasp attached to the Naval General Service Medal, awarded upon application to all British participants still living in 1847.

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