Charlotte Elizabeth Diana's name loved by royal revellers

Two days after the birth of the latest member of the Royal Family, Kensington Palace announced the baby's name: Charlotte Elizabeth Diana.

And if those three names aren't enough, her official title will beHer Royal Highness Princess Charlotte of Cambridge.

Royal revellers were pleased with the first name Charlotte, which was among the top contenders for guesses among bookmakers.

All three names for the little princesshold special significance.

The mayor of the Village of Queen Charlotte, B.C., along with mayors of other Canadian cities with any trace of Charlotte in their name were capitalizing on the namesake on Monday.

"Ah, what's in a name? Of course we're honoured that the new princess is almost our namesake, but I'm afraid that Prince George, B.C. is ahead of us in this matter, especially in order of succession," Village of Queen Charlotte Mayor Greg Martin told CBC.

Eight provinces in Canada have Charlotte among the top 20 most popular baby names.

"I'm not naive enough to believe they named a baby after Charlottetown, but I think it's pretty cool. It's sort of history repeating itself," said Charlottetown, P.E.I., Mayor Clifford Lee.

Charlotte appears to honour Prince William's father, Prince Charles, and it was also the name of the wife of George III. Elizabeth honours the current monarch, Queen Elizabeth.

But many were most taken by the royal couple's decision to include the third name, Diana, in memoryof Prince William's mother.

Some were surprised that the royals used the name.

But now that the princess has a name, a new debate is being waged:What will the royal baby's nickname be?