The purpose of this essay is to examine the importance of information security systems and how they demonstrate their importance in the commercial world. To do this, this essay will be presented from the viewpoint of an Information Security Officer ISO who has been tasked to identify the inherent risks associated with a business operation and to establish physical and logical access control methods that will help minimize those risks. A scenario has been created to help explain this process where a pharmacy and its accompanying information systems scheme are presented to give an example of how this may be done.
The history of the Commonwealth Bank is rarely told these days. This is the first in a 2-part series. You can read the 2nd part here: In October,the Labor Government of Mr. Andrew Fisher introduced a Bill to provide for the establishment of a Commonwealth Bank with power to carry on all the business generally transacted by banks, including that of a savings bank.
It was to be administered under the control of one man called the Governor of the Bankappointed for seven years. This paragraph and other parts of this post are courtesy of http: The money the bank raised helped finance the government to pursue WW1. The Governor boasted that it could have easily financed two such wars, the bank of the people was so solvent.
Up until the Commonwealth bank financed businesses, home buyers, manufacturers, primary producers, and in the process created a vibrant and rich economy. The profits the bank made were ploughed back into the economy to enrich it even further. Throughout this period the private banks enjoyed a cordial relationship with the Commonwealth Symbolism in quota new england nunquot essay.
With him removed from the scene the Bruce-Page Administration brought in a Bill to amend the Commonwealth Bank Act by taking the control of the Commonwealth Bank out of the hands of the new Governor and placing it in the hands of a directorate, composed in addition to the Governor of the Bank and the Secretary of the Treasury of a body of financial magnates.
Some additional material has been added, whilst some has been omitted as not being necessary to the present argument.
Though there has been minor editing, the text remains substantially the same. Where necessary, sterling has been converted to its dollar equivalent. Purchasing power money, however, is also created by banks making advances of credit to people, then entering these advances loans upon the opposite side of the ledger as deposits and telling their depositors to draw against these credits by means of cheques provided by the banks.
The money thus brought into existence is destroyed whenever a bank chooses to call in its advances, and by so doing to lessen its deposits.
Money is likewise created every time a bank purchases securities whether Government stock or shares in private companiesand it is also destroyed every time a bank sells them. The Government thought they understood the Bank Note Issue and legislated accordingly.
The reason why the Government did not legislate regarding the bank deposit credit creation is because they had no clear understanding about it at all.
This is not to be wondered at insince even now inmost politicians seem no better informed. Relatively few people even today realise that all money is simply purchasing power, a promise to pay either goods or services on demand. Upon this imprisoned national currency they based an enormous increase in bank credits — a currency which comes into existence as a debt due to the banks — for the use of which they charged a heavy rate of interest.
During these same Years the price level index number for food and house rent in the capital cities of Australia rose from toand the increase in the note issue is generally said to have been the cause. It is very doubtful if it was the only cause, since there was an actual shortage of many commodities during the war years, but in the absence of social machinery for controlling prices, it probably was an important factor.
The Commonwealth notes were issued in the following ways: By utilising Australian notes in this manner the Commonwealth Government avoided debt, interest charges.
Andrew Fisher introduced a Bill to provide for the establishment of a Common- wealth Bank with power to carry on all the business generally transacted by banks, including that of a savings bank.
Debentures are a means of financing companies through fixed-interest loans secured against company assets.
The security in this case would be the national credit, and the profits were to be equally divided into two funds — a reserve fund, to meet any liabilities incurred by the Bank, and a redemption fund, to redeem the debentures or other stock issued by the Bank in order to obtain its capital: The intention of the Bill was to make the national credit available to anyone with appropriate security to offer.
It would reduce the charges made on overdrafts, bills of exchange, and current accounts by the private banks; it would provide a safe investment for savings and would help in the reduction of the public indebtedness. As soon as the Bank was firmly established, it was proposed to entrust to it the note issue, the profits on which would be paid into the general revenue of the Commonwealth.
From the start it was to be the Bank of the Commonwealth Government.
The Bill, in spite of bitter opposition, passed through Parliament practically without amendment and became law. Subsequent events proved the worthlessness of their fears and arrogance. This same ogre of irrational fear rears its ugly head whenever reformers seek to do things differently from time-honoured so-called sound banking practice.
In JuneMr. He issued no debentures, but opened savings banks throughout Australia, and used the money he obtained in this way as his capital.Bess Myerson was the first Jewish-American and the first Miss New York (competing as Miss New York City, a competition organized by a local radio station) to .
Muslims and Muslim organisations too have been opposing it in its original form and have been pleading for quota within quota i.e.
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Sep 16, · Words: Length: 5 Pages Document Type: Essay Paper #: As You Like it One of illiam Shakespeare's more accessible plays, As You Like It is a delightful romantic comedy that tickles audiences' hearts as much today as it did in Elizabethan England.
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