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Centenary of the Siam Commercial Bank, the First Thai Bank (2007)

 

Rama V, Rama IX, Grand Palace, Elephant Anniversary Monument, Royal Barge with Wat Arun, old and new SCB head office buildings

 

 Issue Name:

100th Anniversary of the First Thai Bank (Siam Commercial Bank)

 Thai Issue Name:

100 ปี ธนาคารแห่งแรก

 Issue Date:

2007/2550-01-30

 Cause:

Commemorative stamp

 Catalogue Number:

2007/6

 Denomination:

3 Baht

 Unused Value:

5 Baht

 Used Value:

3 Baht

 Thailex Collection:

Unused stamp

 Size:

48 x 30 mm

 Quantity of Stamps:

1,500,000 pieces

 Printer:

Chan Wanich Security Printing Company Limited, Thailand

 Subject:

Portraits of King Chulalongkorn (sitting) and King Bhumiphon (standing), indicating the time span from the beginning, when the Siam Commercial Bank (SCB) was established by royal decree of Rama V, to the reign of Rama IX, when the bank had its centenary, as well as its major shareholders, i.e. the Crown Property Bureau and the Ministry of Finance. The purple colour of the background is the bank's main colour and corresponds to the colour of Saturday in the sih prajam wan system, the day of 30 January 1907, i.e. 100 years before the date of the centenary issue, which combines the date and month of the establishment of the Book Club, which was founded on 4 October 1904 as the predecessor of the SCB, with the actual date on which the Book Club became a real bank by royal decree and changed its name to  Siam Commercial Bank, i.e. on 30 January 1907, which in turn is the birthday of Prince Mahison Rachareuthay, the then Minister of Finance, who was  instrumental in establishing Thailand's first bank. Since 2007 was also the year of the 60th anniversary on the throne of King Rama IX, as well as the beginning of his 80th anniversary celebrations, the frame is yellow, i.e. the colour of his birthday, which correspondents to Monday. The representations in the background are: in the top left corner, the King's anniversary's monument (fig.), i.e. three White Elephants holding up a chadah-style crown and the royal logo of the 80th anniversary celebrations (fig.); in the top right corner: the Grand Palace (fig.), where the Ministry of Finance and Royal Treasury office were once located; underneath the anniversary monument: the Royal Barge Reua Phra Thihnang Narai Song Suban (fig.), with in the background Wat Arun (fig.); in the bottom left corner: the facade of the old SCB head office (fig.) at Talaat Noi (ตลาดน้อย) in the khet Samphan Thawong; and in the bottom right corner: the SCB head office since 1996, at Park Plaza in Chatuchak District.

 Related Link:

Mahison Rachareuthay, Chulalongkorn, Rama V, Rama IX, Grand Palace, 2007-2008 King's Anniversary's Monument, Reua Phra Thihnang Narai Song Suban