Relationship Between My Father And It - 1425 Words

Relationships are one of the most important necessities to living out a normal life, especially those whom are family relationships. I’ve grown to develop strong family relations from both sides of the family tree. There have been periods of time where the frequency of communication slows, but for the most part I’m close with many members of my family. School can get busy, making it difficult to put forth that extra effort to remain in contact with many of my intermediate family members. The relationship between my father and it has suffered due to the frequency of communication; which negatively impacted our closeness. Now, it wasn’t only the frequency of communication, but our overall relationship that seemed to stop evolving after†¦show more content†¦Although conversation and conformity are big pieces to this study, the model that they use to measure the influence of communication between parent and child is what really resonates with my father and I ’s situation. The authors of this study concluded that the communication style of the parent directly influences the communication development of both parent and child (2003). What Carole means by this is that the parent sets up the communicative norms for conversation between the child, which directly shapes the conversation style between parent and child. With all of that being said, I relate to these findings on a deep level because the conversational norms that play a role in our current relationship came from my father, and directly effected how I converse with him. Since my dad has a conversation orientation approach to communication, he is and has been strict on what we discussed. As a younger kid, I remember my father having a little to no patience when it came to speaking during certain socially appropriate situations. Even when I was a young teenager, he kept his authoritative presence which hindered our relationship from getting to a deeper level. This piece of evi dence by Carole then lead me to think what exactly was going on with our abnormal relationship; and then I realized the complexity of our relationship. My father has values and past perspectives on how fathersShow MoreRelatedRelationship Between My Brother And Father953 Words   |  4 PagesBetween my brother Joe and I, you could not find another pair so unalike. Despite growing up in the same household, ate at the same table, we experienced different things. After our experiences, Joseph became an exceedingly negative man. The man ignorant to others feelings; careless to everyone else’s convenience. Impatience, arrogant, chauvinistic and shrewd. I am the opposite of my brother, which makes me proud. Unlike Joesph, I’ve learned from my experiences. My outlook on life has not been jadedRead MoreInterpersonal Relationship Between My Father And I Had1737 Words   |  7 PagesAbstract In this Interpersonal relationship analysis, I will be analyzing the Interpersonal relationship that my father and I had. I will give a little background on the relationship which we had, explain how the different concepts that we have covered in our class effected our relationship, through research and interviews conducted, and conclude with how the lessons learned from and through the relationship we had are still present today, even though my father is no longer alive. There are severalRead MoreAnalysis Of My Fathers Song818 Words   |  4 PagesThe poems â€Å"My Father’s Song† by Simon J. Ortiz and â€Å"My Papa’s Waltz† by Theodore Roethke, these two poems express uniqueness and similarities. In the poem â€Å"My Papa’s Waltz† a young child describes his time spent with his father. In the poem â€Å"My Father’s Song† a grown man remembers the previous memories of time spent with his father, when he was a child. These two poems coincide through tone, word choice, and figurative language to show the relationship between a father and son. The boy portraysRead MoreThe Effects Of Divorce On A Child Relationship Essay1504 Words   |  7 Pagescreates less contact with the father which is received as poor compared to the mother. Although fathers have a significantly less amount of contact with their children after divorce, therefore showing that childhood influences have lasting impressions on personal relationships. Fathers become very unhappy about the reduction in contact with their minor-aged children after divorce. Studies in Europe have shown the same negative effects as the United States and their relationships are equally as negativeRead MoreThose Winter Sondays And My Papas Waltz Analysis924 Words   |  4 PagesThe relationship between a father and his son is a sacred bond that is evident in all cultures. Although most fathers typically share a special kind of love for their sons, this affection can be displayed in many different ways. This theme of father and son love is expressed in the poems Those Winter Sundays, by Robert Hayden, and My Papa’s Waltz, by Theodore Roethke. Both of these authors use imagery and an extended metaphor to depict two different relationships between father and son. In My Papa’sRead MoreEssay on Love Found Within Battered Knuckles and Cracked Hands690 Words   |  3 Pagesaffectionate father that is fully involved in every aspect of a child’s life. Others portray a more detached father that focuses on one specific role within that child’s life. Traditionally, that one specific role is that of provider. Often, the manner in which a father communicates and shows his love for a child is based upon the role in which he plays. Accordingly, the poems â€Å"My Papa’s Waltz† by Theodore Roethke and â€Å"Those Winter Sundays† by Robert Hayden both portray the relationship between a fatherRead MoreTheodore Roethke And My Papas Waltz And Those Winter Sundays754 Words   |  4 PagesRoethke’s â€Å"My papas waltz† and Robert Haydens â€Å"Those winter Sundays† are both poems who speak about their conflicting fathers. The speakers in the poems are both young boys who do not understand the mea ning of love. In Robert Hayden’s â€Å"Those winter Sundays,† the speaker is showing lack of appreciation towards the speakers father. In contrast, Theodore Roethke’s â€Å"My papas waltz,† will show a brief moment of acknowledgement towards the speakers fathers hard work. Theodore Roethke’s â€Å"My papas waltz†Read MoreFamily Dynamics in Homers Iliad969 Words   |  4 PagesThe relationships between parents and their sons in the Iliad are not relationships we expect to see in today’s society. The Iliad portrays the relationships between fathers and sons as something more than just physical and emotional. It is based on pride and respect for one another. The expectations of their son are more so to pass on their fathers reputable name and to follow in their father’s footsteps of being noble warriors. These relationships are the driving forces in the Iliad, making eachRead MoreAnalysis Of Arm Wrestling With My Father And Sho oting Dad By Brad Manning And Sarah Vowell913 Words   |  4 Pagesâ€Å"Arm Wrestling with My Father† and â€Å"Shooting Dad† written by Brad Manning and Sarah Vowell, respectively, portrays a damaged and rough relationship that a son and/or daughter holds with his father. Although they both find themselves struggling, they are dealing with different things, Manning is dealing with a physical bounding, while Vowell finds herself handling a more emotional and communicative type of bonding. Eventually, both characters find themselves in a mature relationship over time. The charactersRead MoreEssay on Role of Nature in Mary Shelley’s Mathilda1668 Words   |  7 PagesShelley’s Mathilda acts as an underlying theme for the incestuous affair between Mathilda and her father and its unruly consequences. Their relationship is a crime against the laws of Nature and causes Mathilda to become ostracized from the very world that she loved as a child. Shelley†™s implementation of naturalistic imagery accentuates the unlawful and subsequent ramifications of the relationship between Mathilda and her father and contrasts the ideals and boundaries of the natural and spiritual worlds

Askari Bank Report Free Essays

string(90) " engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962\." Company Profile |Products |Sell Offers |Buy Offers |Contact Details | |Askari Bank, one of the leading banks of Pakistan. The bank was founded in 1992, and in the 18 years since, our growth and success patterns have far outgrown industry standards. Askari Bank has expanded into a nationwide presence of 150 branches, and an offshore banking Unit in Bahrain. We will write a custom essay sample on Askari Bank Report or any similar topic only for you Order Now A shared network of over 1,100 online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. As on December 31, 2007, the bank had equity of PKR 12. 27 billion and total assets of PKR 182. 17 billion, with over 800,000 banking customers, serviced by 6,808 employees. We have reinforced our products with new deposit schemes bearing competitive rates of return and packed with excellent service of first choice. Our modern electronic banking services have been developed with hard work, feedback from stakeholders and research providing better banking solutions. Askaribank continuous growth over the years is based on service to communities and customers by friendly, professional and experienced bankers trained to deliver exceptional banking services. [pic] Corporate Information Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. You read "Askari Bank Report" in category "Papers" The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. Corporate Social Responsibility is an integral part of the way we do business. In order to fulfill our CSR objectives, we attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities. Awards and Achievements    |   | | » |â€Å"Best Retail Bank in Pakistan† by The Asian Banker. | |   |   | | » |†1st Consumer Choice Award† by the Consumer Association of Pakistan. 2004 | |   |   | | » |†Corporate Excellence Award† by the Management Association of Pakistan (MAP). 002, 2003 2004. | |   |   | | » |â€Å"The Best Bank in Pakistan† by Global Finance magazine. 20 01 and 2002. | |   |   | | » |â€Å"Best Consumer Internet Bank† Global Finance magazine. 2002 and 2003. | |   |   | | » |†Euromoney and Asiamoney Awards† 1994, 1996 and 1997. | |   |   | | » |â€Å"Best Presented Annual Accounts† by (ICAP) and (ICAMP). 000, 2001and 2002. | |   |   | | » |â€Å"The Best Presented Annual Accounts† by South Asian Federation of Accountants (SAFA), in the SAARC region. | |   |   | | » |â€Å"The Best Consumer Banking Award 2006† by the Consumer Association of Pakistan. 007 | |   |   | | » |â€Å"The Best Retail Banking Award 2008† by Pakistan Guarantee Export Corporation Ltd. 2008 | |   |   | | » |†Best Corporate Report Award for the year 2008†³ by ICAP ICMAP. 008 | |   |   | | | | | | | | | | | | | | | |  [p|Branch network | |ic]| | |   | | [pic] | | | | » | |All Branches: | |202 | | | |[pic] | | | | » | |North Region: | |68 | | | |[pic ] | | | | » | Center Region: | |66 | | | |[pic] | | | | » | |South Region: | |68 | | | |[pic] | | | [pic][pic][pic][pic] Top of Form [pic][pic] Bottom of Form †¢ Home †¢ Reports o Accounting o Management o Marketing †¢ Articles †¢ Internship †¢ Presentations Askari Bank Internship Report Posted by reports On September – 22 – 2010 Comments Off EXECUTIVE SUMMARY: The Department of Administrative Sciences offers Masters degree in Business Administration. They are giving the best education and are offering for specialization, financial management, marketing management, human resource management and computer application to business. An important program is six to eight weeks internship with any recognized institution. I decided to take up Askari Bank Limited for my internship because it is a competing Bank nowadays and gives a good training to the internees. So in order to learn more this was my choice. This report is about my internship that I have undergone at Askari Bank Limited Multan Branch from 2nd June 2008 to 18th July 08. During my internship I am able to learn practical aspect of business, and get good working experience. On the very first day of my internship I reported to Operation Manager Mr. Noor ul Islam. He gave me small introduction of the Bank and introduced me to the staff of the Bank. Every internee is rotated among the Bank’s departments and so was I. This rotation is done in order to have general concept regarding Bank’s functions, operations and policies. In this rotation the stay in department is usually a week. I have learned more about the Basic Banking, Credits and Foreign Trade department and have given below the caption of activities I was involved in during the period of six weeks. During my internship I found that Askari Bank is a best Bank in Multan because most of the Exports and Imports in Multan are done through this Bank. Multan is one of the cotton growing cities of Pakistan. Most of the businesses in Multan are directly or indirectly linked to cotton that is also the case with Askari Bank’s clients. Because Multan is an Agricultural City, and its major export is Cotton and Mango. So its export is done on seasonal basis. In the season of cotton and Mango export Askari Bank get its target easily but difficult for it to get its target in the off season. Low profit rates used to be one of the major reasons for not meeting the deposit targets. The profit rates on Askari deposit schemes were quite low when compared with other Banks especially with the National Saving Centers, but now Askari Bank is giving a comparatively high profit rates to its customers. In today’s every customer is a rational customer, he knows the value of money and wants a best return on his money. INTRODUCTION TO BANK: Askari Bank Limited (AKBL) works as a Unit of Army Welfare Trust was established for the Welfare of Army Officials. The office of Army Welfare Trust is situated at AWT Plaza, Rawalpindi. AWT offers the â€Å"AWT Saving Scheme† to the army officials only. AWT has its units as under: †¢ Askari Associates. †¢ Askari Leasing. †¢ Askari General. †¢ Private Business. †¢ Textile Mills. †¢ Cement Industry. †¢ Askari Commercial Bank. Askari Bank Limited was incorporated on October 9, 1991, as a Public Limited Company, and is listed on Karachi, Lahore and Islamabad Stock Exchanges. The Bank obtained business commencement certificate on February 26, 1992 and started operations form April 1, 1992. Askari Bank is scheduled Commercial Bank and is principally engaged in the business of Banking as defined in the Banking Companies Ordinance 1962. Askari Bank Limited continues to scale new heights in all areas of its operations. The safety and security of depositor’s funds, high productivity and optimum use of technology are the hallmarks of its corporate strength. In 1994, AKBL earned international recognition as Asia Money Award and the title of â€Å"Best Commercial Bank of Pakistan† for the year 1994, while Euro money declared the Bank as best domestic Bank of Pakistan for the year 1995. ASKARI BANK LIMITED MULTAN Askari Bank Limited Multan was inaugurated on December 28,1994. It is located on Abdali Road Opposite to PIA Office. The location is connected to all the main trade centers in Multan. It is a prosperous branch streaming towards great achievements. At the time of its establishment the factored who were considered are as follows †¢ Multan is zone covering a large population. †¢ Multan City is linked to many big cities. Agro based area constituting growers and gainers †¢ Army Offices Fort Colony †¢ Educational Institution DEPARTMENTS: The bank has following department: †¢ Account Opening department †¢ ATM Department †¢ Credit Card Department †¢ Account Department †¢ Credit Department †¢ Remittance Department †¢ Foreign Trade Department †¢ Cash Department ACCOUNT OPENING DEPARTMEN T Borrowing funds from different sources has become an essential feature of today’s business enterprises. But in the case of a bank borrowing funds from outside parties is al l the more vital because the entire banking system is based on it. The borrowed capital of a bank is much greater their own capital. Banks borrowing is mostly in the form of deposits. These deposits are lent out to different parties. Such deposit creation is done through opening an account in the Bank. In AKBL Multan Mr. Sheeraz Hassan is operating the account opening department along with performing some auxiliary functions of Check Book Issuing TYPES OF ACCOUNTS In AKBL, there are the following types of accounts: †¢ Current account. †¢ Saving Account. †¢ Askari Special Deposit Account. (ASDA) †¢ Basic Banking account †¢ Term Deposit. CURRENT ACCOUNT In current account there is no interest on it. It is for only transaction purposes. They are paid on demand. When a banker accepts a demand deposit, he incurs the obligation of the paying all cheques drawn against him to the extended of the balance in the account. As there is no profit paid on this account it is also called chequing account because cheques can be drawn on it. Current account is mostly opened for business. SAVING ACCOUNT The purpose of this account is to induce the habit of saving individuals in the neighborhood. The minimum deposit for opening the account is Rs. 1050/- (as obvious in the Annexure). Though individuals open such accounts for saving purpose, persons belonging to Armed forces and different military institutions are free to use this account on current basis. ASKARI SPECIAL DEPOSIT ACCOUNTANT ASDA account is an interest bearing current account interest is paid. The payment of return is monthly, where as the rate of return with aspect to the amount of minimum deposit clear from deposit schedules in following table). It is also chequing account because cheques can be drawn on it. It is necessary for this account that the client must maintain a minimum balance of Rs. 0,000 at the end of the month. That’s why it is similar to current account. It is mostly opened by Business but individuals too open this account. Tax of 0. 3% would be deducted on ASDA if withdrawals are more than Rs. 25,000. TERM DEPOSITS A term deposit is a deposit that is made for a certain periods of time at the end of the specific period. the customer   is allowed to with draw the principle a mount . AKBLs Term deposits are of types clear in the deposit scheme in the table). One of them is â€Å"Askari† Advantage one month. The rate of return on this account is set by head office. The term deposit account vary one month to 1 year for all following accounts (as clear from Deposit Scheme in the table). †¢ The amount of profit is given to depositors in three ways: †¢ By cash †¢ By sending a bank Draft to depositors Home address or Officers or whichever is specified as mailing Address. †¢ The amount is credited in any one of the checking Accounts of the depositor. ACCOUNT OPENING PROCEDURE Fro the chequing accounts (C/A, ASDA, SAVING), there are different types of account holders are required for all these types of account holders. The operation /procedure requirement that is needed for † Individual Account † differ greatly from † Joint account † proprietorship â€Å"Partner ship â€Å", â€Å"Limited Company† and â€Å"Club society   or Association † as explained below. INDIVIDUAL’S ACCOUNT When a single man or women opens an account in his/her own name and has the right to operate it is called individual Account. DOCUMENTATION REQUIREMENT For literate person copy of National Identity Card is required as a primary requirement. For illiterate person and Veiled Women, along with the copy of National Identity Card requirement he or she must come in person for opening the account. OPERATION †¢ The person place a â€Å"Check Mark † in the type of account and type of operation required †¢ He/She fills in part-I of the form , a fix his /her either two or four similar signature   (or thumb expression   in the signature space and get it introduced and signed by a person   who already has an account with the bank and write his account no in the specific rows in a specific space. †¢ The person fills in â€Å"next of Kin † position where he/she father, mother, husband/wife or any other relative’s name, his /her address, phone no and affix his/her signature to certify this requirement. This requirement is needed because in his/her absence bank can have correspondence with the specific person. †¢ The person put her /his signature († or thumb expression) on the signature Specimen Card (SS CARD) similar in the area on the form. One the back of S. S card mailing address, telephone no, Person to contact and introducer space is filled in. All these requirement are necessary for future †¢ The person deposits the initial amount for opening account on to the cash counter. The person put his signature on form -A (check book requisition) on two places in â€Å"authorized signature† and fills in the â€Å"Title of Account space by writing his name. †¢ If the person put his signature in Urdu or any language other than English, he signed a â€Å"Vernacular form† where under take that affixed signature are original and his own signature and two postal size photos are needed. †¢ The next day is the opening of account. JOINT ACCOUNT When two or more persons, neither partners, nor trustees, open an in their name is called joint Account. Husband and wife or two persons of same sex can open joint account. DOCUMENTATION For joint account copy of National Identity Card of all the persons is obtained other things remaining same as in individuals account. OPERATION †¢ The person checks the type of amount and type of operation required in the respective box on the form. †¢ The persons fill in the Part-I and part-II in the form. †¢ Signatures of both persons are obtained on the form in the area specified for signature and S. S. Card. †¢ In the title of account space names of all the persons are mentioned. †¢ Accounts holder specified in the form that they will operate the form singly or jointly. PROPRIETORSHIP ACCOUNT When an owner of a firm operating singly, opens an account in his firm name, this account is called a proprietorship Account the proper himself liable for all his acts. DOCUMENTATION REQUIRED For this kind of account, an application for opening the account on the firm letter -pad (having the firm name) is required along with the NIC Card of proprietor. OPERATION All operation remains the same except that the firm name is written in the â€Å"Title of the Account† area and signature of the proprietor are affixed in the S. S. Card and the area specified for signatures on the form. PARTNER SHIP ACCOUNT The account is opened in the firm name and all partner designate one two persons to act on behalf of the partner ship firmer all acts on behalf of firm. The partners in the partnership firm are liable for the acts of the firm jointly and severely. Every partner has in a firm has an implied authority bind his co. partners by drawing and enclosed cheques. DOCUMENTATIONS †¢ Copy of N. I. C card of all partners †¢ Application to open the account on the firm letter pad. †¢ Partner ship deed in case registered partnership firm. †¢ Letter showing the implied Authority of one or more partners to act on behalf of the firm. In case of non -registered partnership firm, understanding on behalf of the firm to remain liable for all acts of the firm. †¢ Name, address of all partners is written on the pad. OPERATION All other requirement remain same except that the form is dully signed by all partners cards are signed by all those partners who will act on behalf of the firm and along filling part-I , Part-Iv is also filled. LIMITED COMPANY ACCOUNT This account is for limited companies. In order to facilitate their transaction with outside parties, bank provides many facilities. DOCUMENTATION REQUIRED Memorandum of Association. †¢ Articles of the Association †¢ Resolution of the Board of Director. †¢ Certificate of Incorporation. †¢ Certificate of commencement of business †¢ N-I-C OPERATION The persons authorized in the Resolution of the Board of Directors put their signatures on S. S Cards. Next of kin â€Å"requirement â€Å"is not need in case of a Limited Company. After completing each and every formality, introducer signature is verified by S. S card and is stamped â€Å"Verified† customer signatures are admitted by stamping â€Å"Admitting† near signature and again signatures on S. S card are admitted in the same way. The same process of verification and admission of the signatures is repeated on Form-A and next of Kin area. After completing each and every formality, Accountant is open in the computer by writing name, address, A/C Number etc. LETTER OF THE THANKS At the start of the letter 2nd day, AKBL issues letter of thanks to â€Å"Account opener† and â€Å"account opener† and † Account Introducer † for the trust the have on AKBL. CHECK BOOK ISSUING Check books are issued only for checking account such as current Account, saving Account and ASDA Account. They are not issued for other fixed and term deposits because of their Long term Accounts â€Å"nature. † ISSUING PROCEDURE †¢ Signatures on cheque – book requisition are verified by matching with signatures on SS. †¢ Cheque – book leaves number, account number, account holder’s name are mentioned in the cheque- book is made by mentioning the and the total of sum of excise duty and provincial tax. †¢ The name of A/c holder and date of cheque – book issuance is written on cheque – book requisition the account-opening officer puts his initials on requisition leave. A/c number is stamped over the leaves of cheque – book and finally authorized person affix his   signature over the debit voucher   and he voucher is attached from the cheque book and is handed   over to the customer . RECEIVING INWARD CHEQUES Another responsibility and function of account Opening Department is to receive Inward cheques for collection of o ther Banks as well as of AKBL . Then these cheques are sent to clearing official who clears these checks at SBP from other banks. ACCOUNT CLOSING Account is closed on the written request of the customer AKBL free of cost. But to surrender the cheque book yet if some leaves are yet to be write to the bank as a necessary requirements for closing the account. PROCEDURE †¢ The customer for individuals account write an application to the manager of the bank an a simple paper about the closing of his account with the bank (In case of proprietor ship partnership and limited company account the application should be written an firm or company letter –head) †¢ The individual or in case of other type- proprietor firm and company surrender the cheque book to the bank. The cheque book is then torn from one side and is attached with the application. †¢ In case of Ltd. Company account resolution of the board of directors is also obtained to attach it with the application. †¢ The account opening form of the account holder is taken from the account-opening file, and the application, cheque book, and resolution of board of directors in case of limited company account are attached with the fo rm. †¢ Lastly, it is written in â€Å"Red Ink on the form that account closed† and â€Å"Date of account closing. † EVERYDAY POSTING Following transaction of cheque book is posted:- Dr_____________ party A/c  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   50(for 10 leaves) Rs 5/leave. ATM- CARDS DEPARTMENT This department deals in issuing   ATM-Card, term deposits and Askari Bachat Certificate. Mr. Sheeraz Hassan deals this department. ATM CARD ATM – Cards are only issue to Account Holder ISSUING PROCEDURE †¢ The person, first open the account within the blank. †¢ Then he fills the ATM application form in which name of account holder, Fathers name account number and   N. I. Card number are mentioned. †¢ A copy of N. I. card is also attached with the application form. After completing this process, the application package is sent to head office †¢ ACBL head office takes a period of 3-4 weeks for preparing and processing of ATM – cards. First, list of card holder is issued and then after 15 days cards are send to ACBL’s issuing branch. The card and list are not sent si multaneously in order to avoid any mishandling. †¢ ACBL takes Rs. 350/- for 1st time issuance as charges for a card †¢ Biannually takes Rs 75. ACCOUNTING DEPARTMENT Accounts department is a department which deals and checks all the activity of all the department . It also deals in expression of finance of the bank. Salary payment is also one function of the bank. CHECKING BANK’S DAILY ACTIVITY Accounts department deals and checks the entire working of the Branch; all the vouchers that have been posted at the computer are scrutinized in accounts department. The â€Å"End of Day† i. e. computer print is also received from the computer. The next day the activity is separated some statements from the â€Å"End of Day†. Then next day activity separated some statements from the â€Å"End of Day†. The vouchers are sorted   out head wise. The vouchers are matched with the entries in the statements. Any abnormality if occurs, is immediately dealt with. All the vouchers and instruction are checked individually are checked individually against the computer printouts. After checking they are signed by Mr. .Naeem Shehzad and the internal auditor Mr. Shafiq. OTHER ACTIVITIES †¢ Preparation of daily bank positions statement †¢ Payment of salaries †¢ Preparation of the statements †¢ Depreciation calculation †¢ Lockers Issuance REMITTANCE DEPARTMENT: The need of remittance is commonly felt is commercial life particularly and in everyday life generally. The main function of the remittance department is to transmit money from one place to another. By providing this service to the customer, Bank earns a lot of income. Also customer is able to meet its day to day financial requirements. Demand Draft: It is an instrument payable on demand for which value has been received, issued by the branch of the Bank drawn i. e. payable at some other place (branch) of the same Bank. If two Banks are involved then the DD is sent to other Bank but in other case it is handed over to the applicant. Issuance Procedure: A demand draft application is given to the customer, he fills in relevant information and signs it. †¢ The officer checks the information form. †¢ The Bank charges such as commission, excise duty is charged as per effective schedule of charges. If he fills the tax exemption form, tax is not charged. †¢ In case of cash deposit, the cashier counts the amount and signs the DD application and enters it in the register. †¢ Then the officer of remittance department signs it and operation manager counter signs it. †¢ The entry is made in the DD issuing register, DD is given to the customer. Vouchers are prepared and posted. †¢ DD advises are printed and mailed to the respective branch. Payment Procedure: †¢ The Bank receives DD. †¢ The DD credit advice is received through mail. The numbers are checked and signatures are verified. †¢ An entry is made on the DD payable register and the vouchers are made. †¢ DD credit is attached with the vouchers and given for posting to the computer. †¢ When DD is received the test numbers are checked and the payment is made. †¢ Vouchers are given for posting and the entry that was made in the register is closed i. e. DD payable is Nil. Pay Order: It is an instrument issued for payment in same city. Pay order issued from on e branch can only be payable from the same branch. It is normally referred to as Banker’s cheque. It is also called confirmed cheque, because   Bank issues this on it own guarantee. Issuance Procedure: †¢ The standard form is given to the customer. He fills in the details and signs it. †¢ The concerned officer checks the form. †¢ Bank charges (or commission) as per the schedule of charges and the withholding tax of 0. 3% are applied. †¢ The cash amount of the pay order is received. A cash memo is signed, stamped and handed over to the applicant as a receipt. †¢ Then the pay order receipt is filled accordingly. †¢ Counter foil is also filled. †¢ An entry is made in the pay order issue register. †¢ Then the authorized officer signs it after checking the pay order. †¢ The order is then handed over to the applicant after obtaining his signature on the PO Form. †¢ A voucher is also made and posted at the computer. Payment Procedure: †¢ On presentation of the pay order receipt, two authorized officers of the branch sign the receipt. †¢ PO entry is made in the PO issue register. Then the amount is credited to the account of the customer or pain in cash. †¢ PO is posted at the computer. Outward Bills for Collection: The bills, which are received by the Bank and sent to other cities (branches) for the local clearing in that city, are called Outward Bills for Collection. Procedure: †¢ The cheques that are of other cities are separated. †¢ They are entered in the OBC Register and OBC numbers are given to them. †¢ The OBC forwarding schedules are prepared for different branches. †¢ The respective cheques are attached with the schedule. †¢ The office copy is filled and original schedule is mailed. On clearing, the respective Banks send back the OBCs along with the IBCA (Inter Branch Credit Advice). †¢ The OBC numbers are checked from the OBC register, after that entries are made. †¢ Commission charges are deducted from the account. Inward Bills for Collection: The bills, which are received by the Bank from other branches out of the city for local clearing are called Inward Bills for Collection. Procedure: †¢ The OBC of other branches will be the IBC of this branch. So an OBC forwarding schedule is received by mail. †¢ The cheques are entered in the IBC register. The IBC numbers are allotted to them. †¢ The cheques are lodged for clearing. †¢ After realization, an IBCA is prepared and mailed to the branch from where the cheque was received. †¢ At the end of the day, two vouchers are prepared and posted. FOREIGN TRADE DEPARTMENT Foreign trade department deals in: †¢ Foreign currency account †¢ Exports †¢ Imports FOREIGN CURRENCY ACCOUNT Mainly this account deals in individual, personal and companies account CRITERIA FOR OPENING FOREIGN CURRENCY ACCOUNT There are not hard and fast rules for becoming the Foreign Currency Account holder. Bank wants only introduction of the Client and very little about the background. I. D card is also not necessary, if someone has; well and good, otherwise no restriction will be there for him. FEATURES OF FOREIGN CURRENCY ACCOUNTS †¢ There will be legal protection for the account holders. †¢ According to foreign exchange rules and regulation every citizen of Pakistan, either within the Pakistan or outside the Pakistan, can open the foreign currency account. †¢ Resident firms and Resident Companies including investment Banks can open Foreign Currency Accounts. All foreign nationals and foreign Companies in Pakistan or abroad can open Foreign Currency Accounts. †¢ Opening of Foreign Currency Accounts in the joint names of residents/non-residents is permissible. Foreign Currency can be deposited by: †¢ Remittance received from abroad †¢ Foreign Currency Notes †¢ There will be no restriction and questioning to him about the currency, which he wants to d eposit that from where he got that money. †¢ No Zakat will be deducted on these accounts; no Income Tax deduction, no Wealth Tax deduction will be there. These incentives reinforce and motivated the people to invest in foreign currency accounts rather to keep the foreign currency idle. †¢ Foreign currency accounts can easily be transferred from one person to another, one place to another, with in the ACBL Branches or in other Bank. †¢ The account holder can transfer the funds freely, in any currency to any part of the world. †¢ Foreign currency Accounts can be used for payment of purchases at Duty Free shops. FACILITIES This account provides following facilities: †¢ Traveling quota †¢ Out ward remittances †¢ In ward remittances receiving To make remittances procedure flexible EXPORT Mainly export deals in: †¢ Negotiation of documents †¢ Sending the documents for collection †¢ Pre-shipment financing †¢ Post-shipment financing â⠂¬ ¢ Remittance against agent commission †¢ Forward covered booking †¢ Handling the documents for negotiation according to the UCP 500 (uniform custom and practices) †¢ Handling the documents for collection according to URR (uniform rules for collection) †¢ Submission of monthly returns to SBP regarding the export on form A-2/O-2 IMPORT †¢ Opening the letter of credit Scrutinize the documents receive from flowing bank under letter of credit. Account to UCP 500 and extending the credit facility to the importer informs FIM (finance against imported merchandise) FATR (finance against trust receipt). †¢ Arrange forward cover booking regarding import payments †¢ Also arrange forward cover booking for letter of credit open other then ACBL †¢ Submission of monthly returns to SBP regarding the import on form I SWOT ANALYSIS SWOT (Strength, Weaknesses, Opportunities Threats) analysis of AKBL is described below: Strengths: AKBL has got a well-developed on-line system in most of its branches. Remittance Department is working very efficiently in transferring the funds of people due to this system. †¢ The Bank has also started ATM facility in most of its branches. 24-hour Banking is new trend in Pakistan and AKBL has also taken apart in this trend. †¢ One distinctive feature of the Bank is that it is the only Bank working for the welfare of army officers, which was established by Army Welfare Trust. †¢ The productivity of the Bank is very good. Bank is providing a high quality service to its customers. AKBL have strength that most of the imports which are done in Multan are handle by AKBL Multan. Weaknesses: †¢ AKBL has lesser number of branches as compared to many other branches. Due to this problem, army officers can not avail the benefits of their own Bank. †¢ The human resource department is not performing the function of selection and recruitment very effectively. Selection process is not on merit due t o which competent persons cannot be selected. †¢ Bank should boost the product development and increase the range of facilities offered for customers. Bank is weak in its credit management. Bank should lend to very sound parties and increase its payment rate. Opportunities: †¢ Govt. is taking very bold steps to promote IT in Pakistan. AKBL has an opportunity to improve in technology. †¢ AKBL is surrounded by many competitors. It has an opportunity to do aggressive marketing to increase its business. †¢ AKBL may increase its branches in competitive areas Threats: †¢ AKBL has many competitors, which are continuously increasing its products and marketing aggressively. It may cause its customers to shift to competitors. Some other Banks have competent taskforce, which is also a threat for AKBL. Because human resource is the most valuable resource. †¢ Due to the increased bad situation of Pakistan in which army is considered to be involved increase the frequ ency of withdrawals, which would decrease deposits. Financial Analysis: Financial Highlights The current year’s profit (2007) after taxation of the bank stood at Rs. 2,681,012 as compared to Rs. 2,249,974 for last year. The deposits decreased by 16. 49% to Rs. 11,197,424 as against Rs. 13,044,593 as on 31 Dec 2006. The loans and advances figure stood at R. 5,521,030 reflect on the improving market image of Askari Bank as a formidable financial institution. Ratio Analysis The information contained in the four basic financial statements is of major significance to various interested parties who regularly need to have relative measures of the company’s operating efficiency. Relative is the key word here, because the analysis of financial statements is based on the use of ratios or relative values. Ratio analysis involves methods of calculating and interpreting financial ratios to analyze and monitor the firm’s performance. The basic inputs to ratio analysis are the firm’s income statement and balance sheet. |Ratios |2007 |2006 | |Current ratio |1. 03 |1. 04 | |Total asst turnover |0. 11 |0. 09 | |Debt ratio |0. 93 |0. 3 | |Gross Profit margin |0. 11 |0. 22 | |Operating profit margin |0. 21 |0. 12 | |Net profit margin |0. 22 |0. 26 | |ROA |0. 02 |0. 02 | Earning asset to total assets Earning assets are the assets which are very important for any company for the bank earning assets are the assets on which bank can earn its profit which may includes loans, advances, operating fixed assets and other assets on the loans and advances bank can make profit by giving or investing in some where so Askari Bank has increased it’s earning assets in the year 2007 as compared to the previous year that show the good trend in the profitability of the Askari bank and the customer believe on the Bank. Ratio tells that on what percentage earning assets contribute the total assets. Well bank also has increased it’s earning assets ratio shows the more profitability of the bank as it can be shown by the profit and loss account of the 2007 that shows the net mark up income more for the year as compared to the previous year so bank is going gradually to the more profitability by giving more advances and loans. Earning assets ASSETS |2007 | | | | |Cash |13356055 | |Balances with other banks |3497054 | |Lending |14444143 | |Investments |39431005 | |Advances |100780162 | |Operating fixed assets |5128428 | |Total earning Assets |176636847 | |Other assets |5535038 | | | | |TOTAL |182171885 | Total Earning Assets:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Rs. 176636847 Formula: Earning Assets / Total Assets = 176636847 / 182171885 = 0. 969616 Return on earning asset This ratio indicates the how much of earn ing assets take part in making of the profit before taxation. This ratio is decreased during the year. Why   is it so it has different reasons these are as follows Profit before taxation was more in the previous year as compared to the year 2007 because bank has low expenses and less provision for the bad debts and also bank has small investments and limited loans and advances but in 2007 situation has changed and bank increased its loans and advances. Earning assets were also low in the previous year as compared to the 2007 so overall ratio has been decreased but shows the good trend for the making of long term planning Formula: Profit after tax / earning assets = 2,681,012 / 176636847 = . 015 Loan loss coverage ratio This important figure is a reserve account to cover unexpected defaults on loans by borrowers. These are generally referred to as no performing loans. The higher the no performing loan and charge-off percentages, the higher the provision for loan losses should probably be. Consequently, this would reduce net income and earnings per share. Well in the year 2007 bank’s this ratio has been increased to a great extent due to different reasons theses are as follows. Profit before taxation is low for the 2007 due to more expenses because bank is in expanding mode that’s why its expenses are increasing day by day. Provisions and bad debts also increased in the year 2007 because bank also has invested more in this year and ad more also granted more loans. Formula: Provision against non-performing loan and advances / profit (loss) before tax = 3,920,240 / 2,299,785 = 1. 70 Loan to deposit Well there is a concept that bank’s loans are its assets while its deposits are liabilities. But if a bank has low deposits then obviously it will give low loans because bank gives it’s loans by the deposits and earn on the loans then pay mark up on the deposits to the customers. Well bank has increased its loans to deposits ratio in the year 2007 showing its more deposits as well more loans and that is good for the bank to remain in the market and to penetrate in the market. But profit has not increased with the same ratio because Bank has low mark up rates Bank has more capacity for provisions Formula: Loans / deposit = 14444143 / 11,197,424 = 1. 289 Current ratio This ratio indicates the liquidity of the bank. Well this ratio has been decreased but nt much decreased during the year to a small extent due to Bank has increased its deposits so liabilities have been increased. Bank has increased its assets as well to overcome the liabilities. So overall we can say bank is the liquid enough to pay its liabilities Formula : Current assets / current liabilities = 171508419 / 166214583 = 1. 03 Debt Ratio: Debt ratio remained the same in previous year it was . 93 and in 2007 its again 0. 93. Bank has not decreased its debt ratio in 2007. Net Profit Margin: Net profit margin of a bank has been increased from 0. 12 to 0. 21. Horizontal and vertical analysis Comparing analytical data for a current period with similar computations for prior years affords some basis for judging whether the condition of the business is improving or worsening. This comparison of data over time is called as horizontal or trend analysis, to express the idea of reviewing data for a number of consecutive periods. It is distinguished from vertical analysis or static analysis which refers to the review of the financial information of only one accounting period. HORIZONTAL ANALYSIS Balance sheet accounts | |2007 | |2006 | |%age | |ASSETS | | | | | | | | | | | | | | | |Cash | |13356055 | |14879230 |-1523175 |-10. 2369 | |balances wid other banks | |3497054 | |7333002 |-3835948 |-52. 3107 | |Lendings | |14444143 | |8392950 |6051193 |72. 9852 | |Investments | |39431005 | |28625915 |10805090 |37. 74583 | |Advances | |100780162 | |99179372 |1600790 |1. 614035 | |o. fixd assets | |5128428 | |3810331 |1318097 |34. 59272 | |defferd tax assets | | | | | | | |other assets | |5535038 | |3812788 |1722250 |45. 7036 | | | | | | | | | |TOTAL | |182171885 | |166033588 |16138297 |9. 719899 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | | | | |bills payable | |2627051 | |1839077 |787974 |42. 4617 | |Borrowings | |17553525 | |14964087 |2589438 |17. 30435 | |depositsother acc | |143036707 | |131839283 |11197424 |8. 493238 | |sub-ord loans | |2997300 | |2998500 |-1200 |-0. 04002 | |liabl against assets | | | | | | | |deferred tax liab | |471519 | |736298 |-264779 |-35. 608 | |other liab | |3219796 | |2603113 |616683 |23. 69021 | | | | | | | | | |TOTAL | |169905898 | |154980358 |14925540 |9. 630601 | | | | | | | | | |Net assets | |12265987 | |11053230 |1212757 |10. 97197 | PROFIT and loss accounts |2007 | |2006 | |%age | | | | | | | | |interest earned |15143241 | |12596921 |2546320 |20. 2138 3 | |interest expensed |8685624 | |6977313 |1708311 |24. 48379 | | | | | | | | |net mark up/interest income |6457617 | |5619608 |838009 |14. 1223 | | | | | | | | |loans advances |3920240 | |1128137 |2792103 |247. 4968 | |value of investment |1501 | |376 |1125 |299. 2021 | |bad debts written off | | | | | | | |3921741 | |1128513 |2793228 |247. 14 | | | | | | | | |interest income after provision |2535876 | |4491095 |-1955219 |-43. 5355 | |Non markup/interest income | | | | | | | | | | | | | |fee,comm,brockerage income |1072868 | |1013660 |59208 |5. 41012 | |dividends income |137079 | |109326 |27753 |25. 38554 | |income from dealing in for curr |655761 | |584344 |71417 |12. 22174 | |gain on sale of inv |2361251 | |112474 |2248777 |1999. 375 | |unleasing gain |1728 | |-2308 |4036 |-174. 87 | |other income |336809 | |321758 |15051 |4. 77739 | | | | | | | | |total non markup/interest income |4565496 | |2139254 |2426242 |113. 4153 | | | | | | | | | |7101372 | |6630349 |471023 |7. 104045 | |Non markup/interest expense | | | | | | |admin exp |4789536 | |3277353 |1512183 |46. 4038 | |other pro/write offs | | | | | | |other charges |12051 | |6141 |5910 |96. 2384 | | | | | | | | |total non markup/interest expense |4801587 | |3283494 |1518093 |46. 23407 | | | | | | | | | |2299785 | |3346855 |-1047070 |-31. 852 | | | | | | | | |Profit before taxation | | | | | | | | | | | | | |current yrs |98535 | |983875 |-885340 |-89. 985 | |prior yrs |-233950 | | | | | |Deferred |-245812 | |113006 |-358818 |-317. 21 | | | | | | | | | |-381227 | |1096881 |-1478108 |-134. 756 | |Profit after taxation |2681012 | |2249974 |431038 |19. 15747 | | | | | | | | |profit brought forward |1799979 | |1617597 |182382 |11. 7487 | | | | | | | | |profit available for appr. |4480991 | |3867571 |613420 |15. 8606 | VERTICAL ANALYSIS balance sheet accounts | | |2007 | |2006 | | |ASSETS | | | | | | | | | | | | | |cash | |13356055 |7. 331567657 |14879230 |8. 961578 | |balances wid other banks |3497054 |63. 8 030698 |7333002 |4. 416577 | |lendings | |14444143 |7. 928854115 |8392950 |5. 054971 | |Investments |39431005 |21. 64494538 |28625915 |17. 24104 | |advances | |100780162 |55. 32146851 |99179372 |59. 73452 | |o. fixd assets |5128428 |2. 815158881 |3810331 |2. 294916 | |defferd tax assets | | | | | |other assets |5535038 |3. 038360173 |3812788 |2. 296396 | | | | | | | |TOTAL | |182171885 | |166033588 | | | | | | | | | |LIABILITIES | | | | | | | | | | | | |Bills payable |2627051 |1. 442072689 |1839077 |1. 107654 | |Borrowings |17553525 |9. 635693784 |14964087 |9. 012687 | |depositsother acc |143036707 |78. 51744357 |131839283 |79. 40519 | |Sub-ord loans |2997300 |1. 645314259 |2998500 |1. 80596 | |liabl against assets | | | | | |deferred tax liab |471519 |0. 258831927 |736298 |0. 443463 | |other liab | |3219796 |1. 767449461 |2603113 |1. 67823 | | | | | | | | |TOTAL | |169905898 | |154980358 | | | | | | | | | |Net assets |12265987 | |11053230 | | Findings on the basis of analysis By th e horizontal or comparative analysis in which base year is taken as 2006 certain changes are measured in the Bank’s performance. Cash with other banks and balances with other banks gradually increased in the time line showing the bank’s good performance and this indicate that bank can earn more by making balances with the other banks. Lending to financial institutions not done in the last year due to more investments done by the bank and by giving more and more advances to the customers but this also has increased the bad debts and provisions of the bank as compared to the previous years. Operating assets has been decreased so that is in favor of the bank. On the liabilities side bank also has increased it’s bills payable that shows that bank has certain increased in the liabilities as well bank’s deposits also increased showing the great penetration in the market place as well customer’s believe on the bank to make deposits that’s why bank’s mark up expense has been increased. Equity also increased in the previous year but bank’s profit has been decreased because bank has invested so much and in the development process so increased in the expenses. Overall bank’s financial position in the marketplace has been increased in terms of deposits and advances. All these reasons are favorable to the bank in year 2006 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it Balance Sheet’s one portion that is Assets shows certain changes during the year. e. g Cash balances with treasury banks have been increased that shows the bank has fulfilled and improved SBP requirements because of maintenance of foreign currency as well as Pakistani currency with other banks due to this balances with the other banks whether outside the Pakistan or inside the Pakistan have been increased. While investment have been decreased due to making balances with the other banks and so advances increased by giving more to the customers so earning power also increased. In 2007 bank not lend money to the financial institutions. Bank’s operating fixed assets have been decreased to a small extent due to this profit also is increased because bank is the service organization and for service organizations no need of more operating fixed assets. Bank’s deposits and other accounts have not been increased to the same extent as bank is giving advances. Well that shows a positive trend because bank expenses would be automatically decreased that are due to cash management. Bank’s net assets have been decreased because of less operating fixed assets and also due to increase in liabilities. Balance Sheet shows the assets are more contributed by the Advances and liabilities are more contributed y the Deposits that are favorable for the Bank. Overall result is less profit for 2007 as compared to 2006. But this has certain different reasons these are as follows Increase cash and balances with the other banks More advances Increase in deposits All these reasons are favorable to the bank in year 2007 because at one side bank’s assets have been increased in the form of advances and at other side markup income increased due to deposits because bank can more invest it. Applications of Class Room Concept: In Accounts department there was an implementation of   Financial Accounting in making balance sheets, income statements, calculation of depreciation etc †¢ In credits department there was an implementation of different categories of loans l ike personal loans, corporate loans etc which was studied in Financial Management. Recommendations: Already the bank is having a good infrastructure not much recommendations are needed as a manager but few can work :- †¢ Customers should be given some sort of facilities which can convince people for investment and go for Askari bank for Exports n Imports. †¢ Fist floor of bank is much congested, there is needed to work on that. †¢ There is not a proper environment of customer dealing on that floor that’s why customer feels difficulty in that. Accounts department was much congested, so area of that department should be extended. †¢ After biannually closing of bank there should be a get together of all the employees of bank which can give them a healthy atmosphere to work. †¢ Few of the employees used to interfere in others work so they should be strictly advised to perform their own duty well. Categories: Internship Comments are closed. 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Scallop Fishing and Marketing Act Free Assignment on Business Law

Question: Discuss about the Scallop Fishing and Marketing Act for Business Law. Answer: 1. In this case, Bob Beech is involved in commercial fishing and he is a scallop fisherman. However, a quota system has been introduced by the Scallop Fishing and Marketing Act. According to the new system, each fisherman will be able to catch only 50 tons of scallop in a single year. The new Act also provides that it will be an offense if a fisherman catches more than 50 tons of scallops and in this regard, a fine of $100,000 has also been described by the Act for each offense. Under these circumstances, Bob's daughter Alice advises him that he will be able to double his catch if he incorporates a company. The reason behind this advises that under the eyes of law, a company is considered as having its own distinct identity and as a result, the company will also be allowed its own quota of scallops. Therefore in this question, it has to be decided if the advice given by Bob's daughter Alice is correct. As mentioned above, the issue in this version is based on the doctrine of separate legal identity of the companies. The basis for this doctrine was provided by the court after its decision given in Salomon v Salomon (1897). While delivering the decision in this case, the court has stated that a duly registered company will be treated by the law as a separate entity and therefore, the identity of the company will be different from members. The result was that the property owned by the company needs to be considered as the property belonging to the company itself and not as the property of the members of the company. It can also be said that in such a case, the liabilities of the company can be enforced only against the corporation and not against its members. Therefore, the effect of this doctrine is that the shareholders of a company will not be liable personally even if the company becomes insolvent (Pentony et al., 2014). As a result, in case the company becomes insolvent, the loss suffered by the shareholders will be limited to the amount invested by the shareholders in the company. As mentioned above, it has been created provided by the corporations law that a company has its own separate identity. But they can be set in cases where the court may be of the opinion that this corporate veil should be lifted and the court should look beyond this legal identity. Hence in such a case, it may be decided by the court that it will look beyond the legal fiction it provides that a company has its own separate identity. The term that is used for this purpose is known as piercing the corporate veil. This term describes the circumstances under which it is decided by the court that in a particular case, the doctrine of the separate legal entity should be ignored by the courts (Baxt, 1991). Therefore, that the court decides to lift the corporate veil, the court looks behind the corporate structure for the purpose of applying any right or duty to the members, even if in such a case, if the legal fiction of separate legal entity is applied strictly, such right or duty can be en forced against the company only and not against the members (Campbell, 1960). Therefore, when the court has decided to pierce the corporate veil, it is available to the court to look beyond the veil and impose any liability of the company on its members. But it should be mentioned at this point that only in exceptional circumstances, the court should decide to piercing corporate veil as a general rule provides that mostly it is not available to the court toward the members of the company personally liable for the debts and obligations of corporation (Crosling and Murphy, 2009). On the basis of the legal decision that has been mentioned above, it can be said that in this case also, it has been provided by the Scallop Fishing and Marketing Act that each fisherman will be able to catch and sell only 50 tons of scallops in a single year. However, Bob Beech wants to know if he can make more money as he has the capacity to catch more scallops. For this purpose, advice was given by his daughter Alice that Bob may be able to double his catch if the decides to incorporate a company. Alice believes that in such a case, the company formed by Bob will be considered as distinct legal entity and therefore it will have its own quota of scallops to catch in a single year. However, the effect of the doctrine of piercing the corporate veil is that if a company has been formed with a view to evade the liability of its members, it may be decided by the court that the corporate bail should be pierced and liability should be imposed on the members of the company. Therefore, if t he company formed by Bob is merely a facade, the court may decide that the corporate veil needs to be lifted and liability should be imposed on Bob. Hence, Bob cannot double his catch even if he incorporates a company. 2. The issue in this question has arisen on the basis of the fact that Nuclear Blast Sounds Pty Ltd was one of the subsidiary companies of New Nirvana Ltd. Nuclear Blast Sounds at the responsibility to set up sound at the rock concerts but at a recent concert, due to the negligence of Nuclear Blast Sounds, the sound level was set too high. As a result of this negligence, five audience members suffered permanent hearing loss. But when these persons decided to bring a claim against the subsidiary company, they came to know that this company does not have any funds to pay the likely damages and moreover, it does not have any negligence insurance. The result was that these persons want to know if they can bring a claim against the parent company, New Nirvana Ltd as it was in a better position to pay the likely damages that may be awarded by the court. In this regard, it also needs to be noted that according to the law, each company is considered to be having its own distinct legal identi ty. The corporations law provides that each company has legal identity under the law. Therefore, a corporate veil is present separating the company from its members. Therefore the principal that was provided in Salmon's case is applicable but there can be certain circumstances where the court may decide that the distinct legal entity needs to be ignored and the corporate veil should be pierced. Therefore in case of a group of companies, sometimes the court may decide that the doctrine of the distinct identity of a corporation may not be followed and consequently, the court may pierce the corporate veil for the purpose of considering the economic realities that were related with such a group of companies. For example, such a case happened in D.H.N. food products Ltd. V. Tower Hamlets (1976). It was decided by the court that in a particular case, it is available to the court to ignore the doctrine of separate entity if it will be considered as just and equitable. Therefore the court of app eal was of the opinion that in this case, the corporate veil should be pierced in case of a group of companies. There were three subsidiary companies that the court considered as being a part of the same economic entity and therefore, these companies were held by the court as being entitled to compensation (Baxt, 1997). But it needs to be noted that the general rule is that each company, that is a part of the group, is to be considered as a distinct entity. Therefore, there can be circumstances where it may be the opinion of the court that will not be appropriate that the corporate veil should be lifted in a particular case. An example of such a case can be given in the form of Adams v Cape Industries (1990). The matter in this case was related with a foreign judgment delivered against the company. While deciding the case, the court stated that each company that is a part of the group needs to be considered as a separate entity. It has also been stated that in case of a group of companies, the basic principle that is applicable in this case is that each company of the group needs to be treated as a separate entity. But as mentioned above, sometimes the court may decide that this principle should be ignored and the corporate veil can be lifted for imposing the liability of the subsidiary company on t he parent company. In the present case, Nuclear Blast Sounds Pty is a subsidiary company of New Nirvana Ltd. But only on this ground, the liabilities of Nuclear Blast Sounds cannot be enforced against New Nirvana Ltd. it has to be established that the subsidiary company was completely under the control of its parent company, New Nirvana Ltd. 3. In this part of the assignment, the issue is related with the clause of the constitution of Millenium Pty Ltd. It has been mentioned in the constitution that Don well act as the company solicitor for any land deals entered into by the company. Similarly, there is another clause which provides that if a dispute arises between the company and any of its members, such dispute should refer to an arbitrator before any of the parties decides to initiate proceedings in a court of law. Therefore that the circumstances, the other two members of the company, Simon and Michael decide that Don should be removed from his position as company solicitor and another person should be appointed in his place. Aggrieved by this decision, Simon decides to initiate proceedings in the court. Hence the issue is if the first clause can be enforced by Don and he will remain the company's solicitor. Similarly, it also needs to be seen if the cause which provides that for starting taking the matter to the cou rt, the issue should be brought before an arbitrator can be applied in this case and the proceedings started by Don can be stayed. The provision of the Corporations Act that deals with this issue is section 140. The section mentions that the company's constitution should be treated as a contract between the members of the company and the company itself; the directors and the company and as a contract created between the members of the company. Therefore the contractual effect of the company's constitution is only limited to these situations. No rights can be claimed by any person in any other capacity. Therefore in Eley v Positive Life Assurance Co Ltd. (1876) , the court stated that even if the Company's constitution provided that Eley will remain the solicitor of the company for a lifetime but this clause cannot be imposed by Eley as the company's solicitor. Another relevant decision is that of Hickman v Kent or Romney Marsh Sheep-breeders Association (1915) where the constitution provided that if a dispute arises between the company or its members, such disputes should be there for them an arbitrator before t he party started proceedings in the court of law. Therefore when Hickman started proceedings directly in the court, these proceedings were stayed on the ground that they amounted to a breach of contract. In the present case also, Don cannot claim to remain the solicitor of Millennium Pty Ltd because it has been mentioned in the constitution of Millennium. On the other hand, the proceedings started by Don can be stayed due to the reason that Don has not referred the dispute to an arbitrator before taking recourse to legal action. References Baxt R, (1991) Ultra Vires Has it Been Revived? 1 Company and Securities Law Journal 101 Baxt R, (1997) Should Third Parties Have to Inquire About the Ability of Directors to bind Their Company? 15 Company and Securities Law Journal 434 Campbell I, (1960) Contracts with Companies, 76 Law Quarterly Review 115 Crosling. G. M., and Murphy, H. M., (2009) How to Study Business Law, 4th ed. Australia: Butterworths Pentony. B., Graw, S., Lennard, J., and Parker, D., (2014) Understanding Business Law, 7th ed. Australia: Lexis Nexis Case Law Adams v Cape Industries plc [1990] Ch 433 DHN Food Distributors Ltd v Tower Hamlets London Borough Council [1976] 1 WLR 852 Eley v Positive Life Assurance Co Ltd [1876] 1 Ex D 88 Hickman v Kent or Romney Marsh Sheep-breeders Association [1915] 1 Ch D 881 Salomon v Salomon Co [1897] AC 22

Politics And Panama Canal Essays - Macro-engineering,

Politics And Panama Canal During the Spanish-American War the warship Oregon was summoned from the West Coast. The trip took two months to travel 14,000 miles around Cape Horn to the Atlantic. (The American Journey 741) How was the United States supposed to defend it shores if it took ships that long to get between them? The United State had to build a canal through Central America; national security depended on it. The Politics of the Panama Canal are confusing. This confusion includes the building, the economics and the operation of this facility. The canal, began in 1881 and finished in 1914(Dolan 55), has caused one country to fail, another to triumph, and another to gain its independence. There was a need for a canal through the isthmus of Central America. The big question was who would step up and build it. France had just lost the Franco-Prussian War against Germany. The country felt that it had lost some prestige in eyes of other nations. There seemed only one certain way to restore its glory, undertake and complete the most challenging engineering feat in history. Build a canal through Central America and link the world's two greatest oceans. (Dolan 53) The French chose Panama to build its canal because it was far narrower than Nicaragua, it's closet competitor. They obtained permission from Columbia to lay the waterway. (Dolan 53) A private company was founded in 1879 to raise the needed capital to undertake the construction. Appointed president of the company was Ferdind de Lesseps, who had guided the construction of the Suez Canal. (Panama) The French abandoned the project in 1889, due to a lack of funding. (Dolan 59) Now it was time for the American's to get involved. But there was one problem; they had signed a treaty with Great Britain that said, if one or the other decided to build a canal then the two countries would work together. This treaty was called the Clayton Bulwer Treaty. In 1901 the treaty was replaced with the Hay-Pauncefote treaty. It called for Great Britain to give the United States the right to act independently in the development of an Atlantic Pacific waterway. Why did the British agree to the treaty? They were tied up in the Boer War in South Africa and didn't want to split the bill on a canal? (Dolan 63) Now congress had to decide on where to dig the canal. The two main choices were Panama and Nicaragua. Just days before the vote on the canal site, Philipee Benau-Varilla obtained ninety Nicaragua stamps that pictured a railroad dock with an active volcano in the background, and sent them to all of the senators with a message: "An official witness of the volcanic activity in Nicaragua. (Mcneese 78) Did it work? Panama got the go ahead. The United States now to get permission from Columbia to dig in Panama. In 1902, John Hay, the U.S. Secretary of State began negotiate with the Colombian government. An agreement was finally reached in January 1903 in the signing of the Hay-Banau-Varilla Treaty, which granted the United States a strip of land 6 miles wide along the general route laid out by de Lesspes. The U.S. had the right to administer and police this zone. In return they would pay the Colombian government $10 million, and after nine years of operation Columbia would get an annual fee of $250,000. (Dolan 63) The treaty had to be ratified in both the U.S. and Columbia before it could take affect. The U.S. gave its approval in March 1903, but the Colombian Congress said there was not enough money for the right to dig in Panama. They wanted an additional $5 million from the Americans. They also objected to many of the points on the administration of what was now known as the Canal Zone. (Dolan 64) When the Columbian Government refused to ratify the treaty, Panama revolted because they feared the United States would build through Nicaragua. After they declared their independence from Columbia, President Theodore Roosevelt ensured the success of the revolt when he ordered a U.S. warship to prevent Colombian troops from entering the isthmus. (Panama) Now Panama had its independence and the U.S. had the right to build the canal. The Canal Zone was ten miles wide and 50 miles long; it embraced an area of 553 square miles- an area that, totaling 5 percent of the nation's landmass speared its way directly through the heart of Panama. The Panamanians complained that it chopped their already small

200 Essays

Personal Ethics Gen/200 Essays Personal Ethics Gen/200 Paper Personal Ethics Gen/200 Paper Welcome to WritePoint, the automated review system that recognizes errors most commonly made by university students in academic essays. The system embeds comments into your paper and suggests possible changes in grammar and style. Please evaluate each comment carefully to ensure that the suggested change is appropriate for your paper, but remember that your instructors preferences for style and format prevail. You will also need to review your own citations and references since WritePoint capability in this area is limited. NOTE: WritePoint comments are computer-generated writing and grammar suggestions inviting the consideration and analysis of the writer; they are not infallible statements of right/wrong, and they should not be used as grading elements. Also, at present, WritePoint cannot detect quotations or block-quotes, so comments in those areas should be ignored. For additional assistance, please visit our WritePoint Lab to speak with a tutor. During th e lab, the tutor addresses common WritePoint grammar and style errors, offers editing advice for students who use WritePoint, and takes student questions. A link to the lab is located on the Live Labs homepage, which is accessible by logging into eCampus and pasting the following URL (https://ecampus.phoenix.edu/secure/aapd/CWE/LiveLabs/) into the address bar.Ethical Lens Inventory Reflection: what i learned through ethical lens inventory? [Writing suggestion: Unless in a quote or a title, avoid rhetorical questions in academic writing. A good idea is to provide answers, not questions] Rights and Responsibility lens.Before i started this class i had no idea how ethics and teams related to college success. I [Avoid use of the first person (I, me, my) in academic writing unless writing about a personal experience. First person use may be allowed by the instructor. ] also had no concept of how working with a team of different lenses could improve my individual ability to work with othe rs. I

5 TEDx Videos Can Inspire You to Write Your Successful Philosophy Personal Statement

5 TEDx Videos Can Inspire You to Write Your Successful Philosophy Personal Statement 5 TEDx Videos Can Inspire You to Write Your Successful Philosophy Personal Statement Most of us like to indulge in philosophizing with regard to different issues principles of human behavior, social interaction, cultural influences and so on. Someone can decide to take it a step further to get a degree in Philosophy. Want to connect your life with one of the oldest academic discipline in the world? Great! For example, the students from the Lehigh University don’t regret studying Philosophy. There are many benefits from this subject critical thinking skills, opinion expressing skills, effective writing skills. According to the QS World University Rankings by Subject 2018: Philosophy, top universities in America is the University of Pittsburgh and in the UK the University of Oxford. Want to be admitted to them? As a student applying to study Philosophy at university, you should write a clear and accurate personal statement. It can be a representation of your love, interest, and commitment to the subject. Regardless of how well you do during high school years, a poorly constructed personal statement can ruin your chances of being accepted into your the Philosophy course. So, it is important to make time to write a personal statement that would captivate the admissions officers, and make a positive impression about you as a potential student at their school. How to set yourself up for writing a philosophy personal statement? Draw Much of Inspiration from the TEDx Speakers A collection of TED Talks on the topic of philosophy offers you a vast variety of ideas you can use in your personal statement. These talks are given by professional philosophers who have previous experience with writing their own personal statements and who gained years of experience working in the field. Each talk offers a unique insight into various crucial global topics that can be inspirational for you. ‘Your Elusive Creative Genius’ by Elizabeth Gilbert. The author of the bestseller â€Å"Eat, Pray, Love† presents the relationship between humans and the creative mystery a genius. So, the idea is as follows: all of us have a genius inside. Use this video to highlight in your personal statement that you have that inner potential that makes you worthy of joining the faculty of Philosophy . ‘The Surprising Habits of Original Thinkers’ by Adam Grant. An organizational psychologist dedicates the video topic to the exploration of the fundamentals of success that are applied by people who are considered to think originally. Do you know that many great originals in history were procrastinators? However, it is a virtue for creativity, not productivity. Start writing your personal statement after you watch this video, not later. Use Adam’s guidelines to write an original and unique piece that will grab admissions staff’s attention. â€Å"The Puzzle of Personality† by Brian Little. The Cambridge professor explore the different types of contemporary personality. You may be open to experience or stands for conscientiousness. Allow your personality to shine through in your personal statement by following Little’s explanations. â€Å"Success, Failure and the Drive to Keep Creating† by Elizabeth Gilbert. According to the speaker, the way we experience great failure differ from the way we experience great success. So, it’s essential to tune in to the right wave-length. Watch this video and determine what it is your best place you can return each time to keep creating what you love. â€Å"How to See Past Your Own Perspective and Find Truth† by Michael Patrick Lynch. The philosopher suggests the idea that the more information a person absorbs, the more difficult it can be to tell the difference between whats true and whats fake. The understanding of the facts as they are involves more than just downloading the information from the Internet. See this video and realize what you need to do for writing a personal statement. As a high school student, these videos act as introductory mediums for the subject and offer real-life experiences and examples that you can use in your statement. Granted, you are required to write unique and honest personal experiences, motivations and abilities but you can use key lessons taught in TED videos as guiding tools. The following is a list of ideas for your philosophy personal statement based on TED videos: Analyze where your ideas as a future philosopher come from and how they can influence your research in university. Use the talk on ‘how we make choices’ as a guideline to describe how you made the choice to pursue Philosophy. Explore who you are and explain how you as an individual will contribute to the program and Philosophy in general. When writing your personal statement, it is important to show your passion for the subject as opposed to simply mentioning it. What does admissions committee look for? It is a statement that is honest, unique and one that shows a commitment to Philosophy as more than just a university major. Get the best Philosophy personal statements written by our professionals. Supply yourself with a good example of writing that contributes surely to your success.

Moka Essay Example | Topics and Well Written Essays - 250 words

Moka - Essay Example This is because pigs are everything to the tribe and the bigger the moka is, the more respect and status is earned. According to Ongka, pigs are everything as it keeps the tribe alive; moka can also be used to pay for troubles, debts and get a wife. The lack of pigs according to Ongka is sad as the individual who lacks pigs is referred to as being nobody and rubbish altogether in the tribe. The last significance of moka is that it is the only possible way to get a life, marry and get children, without moka then a man has nothing. Finally, moka is also used to impress other people and also as a way to do business. For example, Ongka wanted to give a hundred pigs as a system of investment and the investment would pay itself in several years time. Body decoration or adornment is prominent in the Kawelka tribe as it is their way of living and respecting their origins. Secondly they use body decoration during great achievements so as to celebrate special occasions. In the film, they celebrate moka by going to the tribe dressed in their traditional attire and decoration and call out Ongka so that they can hand to him the moka in form of a pig as a returned favor for his previous gifts. In addition to that, body decoration was worn to pay the last tribute to a fallen leader. In the film, when one of the elders passed on, they wore big green leaves and sang a sad song as part of their

Solar cooling technology in football stadiums Dissertation

Solar cooling technology in football stadiums - Dissertation Example It is this hint that brought about the cooling technology utilizing solar energy which could be applied in large capacity buildings i. e football stadiums. According to Solar power energy generation, (2010) solar energy will be the main source of power generation in the turn of the century. Aside the fact that the use of solar energy could be by far cheaper than the use of fuels or biofuels in certain technological operations, for the very fact that sunlight is not paid for, we must also take note that strength of the source is strong as the sun emanates over 15 million degrees Kelvin or about 27 million degrees Fahrenheit degrees of heat per minute ( NASA Cosmicopia,2009 ). But it is noteworthy to observe that the application or working process of this technology could be very complicated and needs accuracy in other to function properly and adequately. Now Qater has chosen to utilize the cooling technology by way of solar energy to generate cool air in its large capacity stadiums in the 2022 FIFA World cup. The first of the kind to be hosted in the middle east. This is the biggest challenge of the century for a small country like Qater who are determined to conquer the summer heat and make the atmosphere chilling and comfortable for people all over the world who will be at the tournament. Most of such people are Europeans who are used to cold and cool weather. At the same time Qatar has decided to reduce cost by employing this technology. But I must forewarn before we delve in depth into this research work, that if the subject matter is not understood properly, if the rudiments and nitty gritties of the technology are not clearly explained, if the step by step process of the workability of the technology are not clearly defined, if the dimensions of operations as projected by Qater sports development ministry are not accurately modified etc. this could lead to an unnecessary waste of taxpayers money and could be the most fatal mistake made by a Nation in recen t times. That is why a lot of time will be taken to explain the step by step process of the technology from various perspectives and works of authorities before i draw my conclusion and master plan. Thus the work will be divided into three broad parts. The first part will focus on the overall technology, the second part will focus on its application in Qater, in this part the following will be clearly explained though with stronger and more professional terminologies: 1- Solar Harvesting. 2- Storage. 3- Heat Conversion. 4- Cold Storage. 5- Chilled Air Delivery. The third part will show by picturesque diagrams, how the newly modified concepts will be pragmatic in its application. At the end of the research, the following will be accurately and professionally achieved: an improvement in the design concept with product design specification (PDS), accurate calculation such as the energy required for the stadium etc. Lastly this research will put forward the following in both a descripto ry and an analytic form for easy application by the end user i.e. †¢ Focus on low energy concepts to create thermal comfort. †¢ Apply innovative, green, highly efficient cooling technology. †¢ Produce electrical energy by integrated photovoltaic systems. The Objectives of the study which are as follows will be clearly and precisely achieved: - Introducing the new cooling technology. - Applying the cooling system into the outdoor stadiums. -

Investment Options Essay Example for Free

Investment Options Essay Mutual funds remain the central instruments investors use to achieve their financial goals. Whether for retirement or in the search for additional profits, individual and corporate investors choose mutual funds as a relatively reliable and non-volatile method of making investments. It appears, however, that apart from satisfying the needs of individual investors, mutual funds can successfully work to secure corporate market players from changes and shifts in external markets. In this context, J.  P. Morgan is the bright example of the way mutual funds are used to reduce the negative impact of financial crisis and to overcome the difficulties faced in tough bond markets. J. P. Morgan has probably been the first to use mutual funds as the instrument of protection against the negative impacts of financial crisis. In his article, Michael Pollock (2009) sheds the light on the way J. P. Morgan Strategic Income Opportunities fund helps the company deal with tough bond markets. It appears, that the fund â€Å"has few restrictions typical of bond funds that are marketed to general public† (Pollock, 2009); as a result, it is better equipped to help investors survive through the difficult financial times. The fund functions according to a predetermined set of principles, of which putting money only into places where potential profits overweigh potential risks is probably the most important. The mutual fund at J. P. Morgan does not avoid keeping a portion of assets in cash, so that investors can materialize their investment opportunities when the right moment comes. Short selling is just another instrument the fund uses to generate additional profits; Pollock (2009) also notes that short selling is becoming a widely spread investment tool among bond funds. The list of investment instruments J. P. Morgan uses to manage its mutual fund is not limited to short selling and cash operations. Here, investors are also given a chance to make short borrowings and then to sell these borrowed shares; â€Å"investors can also make similarly bearish bets by buying credit-derivative instruments whose value increases if the price of an underlying corporate bond declines† (Pollock, 2009). To a large extent, the fund relies on the whole set of quantitative techniques that work to identify significant investment opportunities. The fund is actively involved into managing long-term high-yield corporate securities and nonagency mortgage-backed bonds. As a result, the fund has been able to achieve the total return rate of 4. 3% this year (Pollock, 2009). Does that mean that beyond using mutual funds as investment targets and the sources of additional profits, companies can also utilize the benefits of portfolio investment to protect themselves from external crisis threats? There is no definite answer to that question, but J.  P. Morgan obviously tries to change traditional opinions about investment options available to consumers. The truth is that everything we currently know about mutual funds does not make them look as an ideal investment solution. Given that mutual funds are not usually guaranteed by the FDIC and are not insured by any government agency; that mutual funds’ past performance is not always indicative of its future positive prospects; and that to be a member of a mutual fund also means to bear certain costs associated with investments, the whole picture of a mutual fund does not look as much attractive. However, where J. P. Morgan was able to reach the point of total return rate of 4. 3%, investors may have some sort of confidence that the company will pursue the same set of investment principles, being extremely cautious in its investment options and using the mutual fund as an effective means of anti-crisis protection. Conclusion Mutual funds are included into the list of the most widely used investment options. It appears, however, that mutual funds can also be successfully used to protect companies and investors from the negative impact of the financial crisis. Despite the costs investors have to carry as well as unpredictability of external environments, which mutual funds cannot control, the latter remain relatively stable and non-volatile means of dealing with tough bond markets.

The Policies of Olivares and the Problems of Spain :: Olivares Spain Foreign Policies Essays

The Policies of Olivares and the Problems of Spain Introduction ‘The view is rapidly gaining currency that not only did Olivares’ policies for Spain and its empire not differ markedly from those of earlier Spanish statesmen, but that by and large the results of his manifold endeavours were both few and modest.’ This understanding of the historiography of Olivares’ effectiveness from Israel, makes Olivares look unoriginal and ineffectual. However other historians, such as Elliott have been far more sympathetic. ‘†¦the first and the last ruler of Hapsburg Spain who had the breadth of vision to devise plans on a grand scale for the future of a world-wide monarchy: a statesman whose capacity for conceiving great designs was matched only by his consistent incapacity for carrying them through to a successful conclusion.’ Were Olivares’ policies a realistic way out of Spain’s difficulties or did they aggravate the situation? To understand this I am going to look at both Olivares’ foreign policy and domestic policy. Within foreign policy I propose to see how far Olivares pushed the reputacià ³n of the state before domestic crises forced him to seek peace. Among others the best areas to examine would be Olivares’ policies during the Thirty Years War from 1622; the Mantuan War 1628-31 and the great revolts of Catalonia and Portugal in 1640. As for domestic policy I will need to look at Olivares’ initial reforms of 1623, why they fell through and the effect this had. Furthermore it is important to look at the areas where domestic policy coincides with foreign policy (in a defensive sense) in the Great Memorial, including the Union of Arms. I will also have to find out if Olivares’ policies were consistent, or whether they became more and more drastic during his t erm of office. Firstly though, to understand if the policies were realistic or not, I will have to look into the real problems of Spain. Where exactly did these problems lie and what areas required alteration to keep Spain afloat? From this point I will go on to see the policies in action and from this I will gather whether or not they were realistic. 1. The problems with Spain On an international scale, Spain between 1580 and 1620 was at the crest of her wealth and power. Her supremacy was the dread of all other nations, and therefore its destruction was the cherished object of statesmen for a century.

Discussion Board 2 †Apologetics Essay

1. What are some ways the Christian gospel is perceived in our culture? To many individuals, the Christian gospel is seen as selective and intolerant. Although we are all free to accept the gift of salvation through Christ, He tells us in John 14:6 that He is â€Å"the way, the truth, and the life: no man cometh unto the Father, but by me.† To many, this will seem intolerant and almost haughty. How can a God who wants nothing more than to have a relationship with us say that there is only one way to do so? 2. What are some specific moral reasons people may reject the Christian gospel? Many individuals who will reject the Christian gospel do so for moral reasons such as their sexual preferences (gay, bi, or straight), their marital status, or the apparent intolerant moral code found in the Word of God. People believe that you have to give up everything that is worldly to follow Christ, and that Christians think they are more righteous than others. The fact is, you will have to give up living in sin, and you will have to give up treasures of the world, but the heavenly treasures that you gain will outshine any possession that you will have on this earth. 3. What are some specific emotional reasons people may reject the Christian gospel? One specific emotional reason that people will reject the Christian gospel is that they cannot grasp the concept of God’s unconditional love. God loves each and every one of us, even the worst sinner, and tells us in His Word. People will say things like â€Å"God would not let me be poor, or God would not have let me be abused like I was.† Even though we are all loved by God, and He wants us to have a relationship with Him and be happy and well, even the most devout Christian has to go through trials and tribulations. 4. What are some specific intellectual reasons people may reject the Christian gospel? For most Christians, believing in God is â€Å"faith-based,† and that there is no room for science and fact in Christianity. Many non-Christians will say that the Bible is nothing more than a collection of fairy tales for those who are easily enchanted and to make the people who read them feel good. The intellectual non-believer’s insistence that the Bible has no basis in fact  is one reason that they will reject the message, even though there is historical proof to show that Christ lived, died, and was resurrected, as well as that many other Biblical places and people existed at one point in time, even if they do not anymore. 5. What can Christians do to address these objections and better communicate the Christian gospel? As Christians, when we approach someone and begin to talk about our faith, it may seem like they are a little frightened, or maybe just upset and unwilling to take a leap of faith. They maybe feel like we have come on too strong, even though we know that we are just eager to talk about our faith. It is important for Christians to learn that we need to be patient with others but also diligent as we share the gospel of Christ.

Commentary on Jonathan Swift’s Essay “A Modest Proposal” Essay

Jonathan Swift cleverly illustrates a very â€Å"humble† solution to the crisis in Ireland in his personal essay, â€Å"A Modest Proposal. † His voice urges annoyance and frustration, evoking a tone of sarcasm. Through the use of cynical language, he creates an intense and informative response. He uses language to create imagery which he intends to elicit a response of shock and moral responsibility. His intention is to mock Ireland and the economic crisis they have got themselves in. Swift appropriately chooses strong imagery and describes a â€Å"melancholy object† that comes from walking through Irish streets and seeing â€Å"beggars of the female sex† and â€Å"three, four, or six children, all in rags. † Swift wants this image to convey the severe challenges that Ireland is facing. These women are panhandling for food, instead of working â€Å"for their honest livelihood,† and that influences their children to do the same or leave for the â€Å"Pretender in Spain. The â€Å"deplorable state† of Ireland is causing grave situations for the impoverished. The English Protestants have been mistreating the Irish, and England has â€Å"consumed† Ireland. Because of England, Ireland faces a lack of power, and Swift uses this verisimilitude in order to take advantage of his satire and to present the â€Å"devouring† of poverty-stricken infants of Irish born mothers. The circumstances in Ireland at that time, the key parallel between both situations are their shared consequence: a country destined to collapse. Swift’s arguments against their current â€Å"schemes† of Ireland are well constructed and convincing. The children or the mothers will no longer beg for â€Å"charity† on the streets. â€Å"A child will make two dishes,† and will be offered in sale to people. This will bring quality and fortune, through the nation. He has â€Å"maturely weighed the several schemes of other projectors. † He believes that these â€Å"schemes† are much miscalculated in their â€Å"computation. † If the previous â€Å"schemes† had worked then there would be no poverty or â€Å"voluntary abortions. He uses strong diction to let one know that he is not proud of his country or the people. His proposal makes complete logical sense. He has everything figured out. Certain terms he uses when he compares the Irish children to farm animals, and that they should be â€Å"consumed. † Diction such as â€Å"stock,† â€Å"pigs,† â€Å"cattle,† â€Å"fatten them up,† all imply to Swift’s analogy to people and livestock. This implies that the Irish just stand around and bend down to an authority of a higher power, and also that the English treat the Irish as worthless workers. The Irish are valuable in financial means to their owners and so are livestock. The Irish just marry and bear children, and wait for wealth to come. This is just what the English want, they want the Irish to be weaker and not take a stand. Therefore, Swift quite subtly proposes that instead of these children being a burden on the already poor parents, the children should â€Å"contribute† themselves to the nation in a form of food or clothing. Swift uses imagery to set the tone of voice and to consistently keep it going throughout the essay. He conjures up images to create an illusion that the solution to the economic crisis in Ireland is quite effortless to solve. Swift is expecting the Irish people to understand that they are responsible of the crisis and they have no patriotism towards their own country. This imagery is created because of language, he expects the people of the nation to do something about the â€Å"distresses† being faced. Swift consistently repeats women and children â€Å"begging,† he wants to clarify that he’s not only writing an essay about the economy but also about moral responsibility of the nation. He explains about the â€Å"voluntary abortions;† these women murder their children because they can’t afford to provide for their children. He constantly explains the â€Å"present distresses,† expressing his frustration and shame towards the country. Swift is generous with his disdain and his ironic representations are not only meant to criticize the society of Ireland, but also to motivate the Irish to take action in rectifying the damage that Ireland has tolerated. Swift has no other motive but to only hope for the public good and â€Å"public consideration. †