The Treasury and the Treasury

Act Parliament: It was created by an Act of Parliament and all of its annual profits are returned to the Treasury for the benefit of the public finances, according to The Independent. The Treasury then gives 15 per cent of the profits to the Queen. But the Crown Estate is no ordinary business. The company has one of the most diverse portfolios in the world. It is also forbidden from borrowing or raising equity. It buys, sells, manages and develops real estate and land, and is the manager of the UK seabed to the 12 nautical mile limit. (news.financializer.com). As reported in the news.