Crown Property Bureau

The Crown Property Bureau
สำนักงานทรัพย์สินพระมหากษัตริย์
Agency overview
FormedJune 15, 1937 (1937-06-15)
Preceding Agency
  • The Royal Treasury
TypeIndependent
JurisdictionGovernment of Thailand
HeadquartersLadawan Palace
173 Nakornratchasima Rd., Dusit, Bangkok 10300
Agency executives
Key documents
  • Crown Property Act 1936†[2]
  • Crown Property Act 2017†[5]
  • Crown Property Act 2018 [6]
Websitecrownproperty.or.th
Footnotes
† The act was repealed and replaced by a consult and approval from National Legislative Assembly of Thailand (2014).

The Crown Property Bureau (CPB) (Thai: สำนักงานทรัพย์สินพระมหากษัตริย์; RTGS: samnak ngan sap sin phra maha kasat) is legally the administrative agency[7][8] responsible for managing the property of the King of Thailand. The king had appointed six members of the bureau's governing board, with the seventh the sitting Minister of Finance of Thailand[9] until the Thai military junta reign in 2017-2018, a royal property law was modified.[5][6] The rule of appointing a finance minister as a chairperson of board directors from Crown Property Act 1936 was omitted,[2] giving the king discretion only to appoint the board.[10] It was claimed that crown property does not belong to the king in his private capacity, but to the monarchy as an institution which continues from reign to reign.[11]: 282 [12] In 2018, King Vajiralongkorn was granted full, personal ownership of royal assets thought to be worth at least $70bn to as much as $130bn. The Crown Property Bureau, which controlled the royal fortune on behalf of the monarchy, said it transferred ownership of the assets following a change in the law a year earlier.[13]

  1. ^ McDonald, Taylor (2017-07-25). "Clown king nears crisis point". ASEAN Economist. Retrieved 28 July 2017.
  2. ^ a b "Crown Property Act 1936" (PDF) (in Thai). Royal Thai Government Gazette. 20 August 1935. Retrieved 26 September 2021.
  3. ^ "Board of Directors". The Crown Property Bureau. Archived from the original on 31 October 2015. Retrieved 27 September 2021.Chairman of the Board position needs to be included.
  4. ^ a b c "CPB info by e-Gov" (in Thai). Retrieved 27 September 2021.
  5. ^ a b "Crown Property Act 2017" (PDF) (in Thai). Royal Thai Government Gazette. 16 July 2017. Archived from the original (PDF) on August 8, 2017. Retrieved 26 September 2021.
  6. ^ a b "Crown Property Act 2018" (PDF) (in Thai). Royal Thai Government Gazette. 2 November 2018. Archived from the original (PDF) on November 23, 2018. Retrieved 26 September 2021.
  7. ^ วงศ์วัฒนศานต์, ชัยวัฒน์ (April 2001). "ฐานะของสํานักงานทรัพย์สินส่วนพระมหากษัตริย์ตามพระราชบัญญัติพระมหากษัตริย์" [Record of the Office of the Council of State Re: Status of the Crown Property Bureau under the King's Act] (PDF). บันทึกสํานักงานคณะกรรมการกฤษฎีกา (in Thai). 118. สํานักงานคณะกรรมการกฤษฎีกา: 4. Retrieved 27 September 2021.
  8. ^ ศัพท์นิติศาสตร์ (8 ed.). Krung Thēp: Rātchabandittayasathān. 2014. ISBN 9786167073880. administrative agency หมายถึง หน่วยงานของรัฐ
  9. ^ "Thailand's Crown Property Bureau: Economic Brake?". Asia Sentinel. 2015-04-15. Retrieved 16 Apr 2015.
  10. ^ "Thailand's king given full control of crown property". Reuters. 17 July 2017. Retrieved 26 September 2021.
  11. ^ Grossman, Nicholas; Faulder, Dominic, eds. (2012). King Bhumibol Adulyadej: A Life's Work (Reprinted ed.). Editions Didier Millet. ISBN 978-9814260565.
  12. ^ Short history from the Crown Property Bureau website Archived August 9, 2007, at the Wayback Machine
  13. ^ "Thai king takes control of crown assets". BBC News. 2018-06-16.