Hongkong and Shanghai Bank and the Foochow Loan: a case for dual identities

Purpose Accounting practices of Hongkong and Shanghai Bank from 1865 to 1876 fostered dual identities of the bank for the west and the east. Hongkong and Shanghai Bank used these identities to act opportunistically in commercial dealings with the British colonial administration of Hong Kong, the public of the Scotland and Britain, and the Emperor of China and his government. This paper argues the Hongkong and Shanghai Bank varied its financial reporting practices to manage its identities in different cultural constituencies, and to enable a unique identity to emerge. Design / Methodology / Approach The approach taken is to use the example of Hongkong and Shanghai Bank’s Foochow loan to demonstrate its use of financial reporting to sustain dual identities. Documents pertaining to the published financial statements of Hongkong and Shanghai Bank between 1865 and 1876 are examined for the accounting practices and policies used. Secondary sources were also analysed. Findings Hongkong and Shanghai Bank uniquely positioned itself to be simultaneously viewed as a conservative bank based on Scottish banking principles and a trusted local bank of the people of Hong Kong and the Emperor of China. Hongkong and Shanghai Bank was the only bank at the time acting in these two capacities. It achieved this by varying financial reporting and banking practices to manage business relationships. In doing so, the bank projected two identities, an identity acceptable to the Scottish and British, and another acceptable to the Chinese. Research limitations / implications Only sources written in English were utilised in this study, as English texts dominate the historical records. Originality / Value of the paper The Foochow loan was noteworthy because it was the first Chinese public loan, and its form was atypical of contemporary lending practice. An analysis of this event reveals Hongkong and Shanghai Bank used dual identities in the Foochow loan transaction to emerge with an evolved identity beyond that of a colonial bank, and one which was historically contextualised, geographically informed and culturally sensitive

Images as mediating texts in annual reports: the case of China Mobile

Purpose: This study explores the dual ideological influences that the socialist political regime and the globalised market economy have on the visual images in accounting annual reports in the Chinese context. It also investigates how the visual discourse, in turn, constitutes and sustains competing ideological messages. Design/Methodology/approach: Based on the 2010 annual report of China Mobile Limited, A critical discourse analysis is conducted at three levels. At the public discourse level, three areas of interest are drawn in interpreting the connotations of the visual discourse, including (1) Davison\u27s (2010) rhetorical codes (physical, dress, spatial, and interpersonal); (2) two Chinese cultural beliefs (Confucianism and Taoism); and, (3) the socio-political cognition of colour. At the social practice level, the political and financial structure of China Mobile is examined. Finally, the discourse practice analysis investigates the discursive process in which the annual report is produced, distributed and consumed by different reader groups. Findings: The study finds that visual discourse in annual reports constitutes and sustains competing ideological messages. The competing connotations are then mediated and naturalised through juxtaposing image with different context in which the annual report is put forward. Originality/value: The application of Critical Discourse Analysis provides a useful framework for future studies of visual images in annual reports. The conflation of Davison\u27s (2010) rhetorical codes, the Chinese cultural beliefs, and the cognition of colour adds to the understanding of the socio-political significance of visual discourse in accounting

The Chromospheric Activity, Age, Metallicity, and Space Motions of 36 Wide Binaries

We present the chromospheric activity (CA) levels, metallicities, and full space motions for 41 F, G, K, and M dwarf stars in 36 wide binary systems. Thirty-one of the binaries contain a white dwarf (WD) component. In such binaries, the total age can be estimated by adding the cooling age of the WD to an estimate of the progenitor’s main-sequence lifetime. To better understand how CA correlates to stellar age, 14 cluster member stars were also observed. Our observations demonstrate for the first time that, in general, CA decays with age from 50 Myr to at least 8 Gyr for stars with 1.0 \u3c V − I \u3c 2.4. However, little change occurs in the CA level for stars with V − I \u3c 1.0 between 1 Gyr and 5 Gyr, consistent with the results of Pace et al. Our sample also exhibits a negative correlation between the stellar age and metallicity, a positive correlation between the stellar age and W space velocity component, and the W velocity dispersion increases with age. Finally, the population membership of these wide binaries is examined based upon their U, V, W kinematics, metallicity, and CA. We conclude that wide binaries are similar to field and cluster stars in these respects. More importantly, they span a much more continuous range in age and metallicity than is afforded by nearby clusters

The Chromospheric Activity, Age, Metallicty and Space Motions of 36 Wide Binaries

We present the chromospheric activity (CA) levels, metallicities and full space motions for 41 F, G, K and M dwarf stars in 36 wide binary systems. Thirty-one of the binaries, contain a white dwarf component. In such binaries the total age can be estimated by adding the cooling age of the white dwarf to an estimate of the progenitor's main sequence lifetime. To better understand how CA correlates to stellar age, 14 cluster member stars were also observed. Our observations demonstrate for the first time that in general CA decays with age from 50 Myr to at least 8 Gyr for stars with 1.0 < V-I < 2.4. However, little change occurs in CA level for stars with V-I < 1.0 between 1 Gyr and 5 Gyr, consistent with the results of Pace et al. (2009). Our sample also exhibits a negative correlation between stellar age and metallicity, a positive correlation between stellar age and W space velocity component and the W velocity dispersion increases with age. Finally, the population membership of these wide binaries is examined based upon their U, V, W kinematics, metallicity and CA. We conclude that wide binaries are similar to field and cluster stars in these respects. More importantly, they span a much more continuous range in age and metallicity than is afforded by nearby clusters.Comment: 28 pages, 6 figures, accepted for publication in A

LP 133-373: A New Chromospherically Active Eclipsing dMe Binary with a Distant, Cool White Dwarf Companion

We report the discovery of the partially eclipsing binary LP 133-373. Nearly identical eclipses along with observed photometric colors and spectroscopy indicate that it is a pair of chromospherically active dM4 stars in a circular 1.6 day orbit. Light and velocity curve modeling to our differential photometry and velocity data show that each star has a mass and radius of 0:340 ± 0:014 MꙨ and 0:33 ± 0:02 RꙨ. The binary is itself part of a common proper motion pair with LP 133-374, a cool DC or possible DA white dwarf with a mass of 0.49Y0.82 MꙨ, which would make the system at least 3 Gyr old

LP133-373 A New Chromospherically Active Eclipsing dMe Binary with a Distant, Cool White Dwarf Companion

We report the discovery of the partially eclipsing binary LP 133-373. Nearly identical eclipses along with observed photometric colors and spectroscopy indicate that it is a pair of chromospherically active dM4 stars in a circular 1.6 day orbit. Light and velocity curve modeling to our differential photometry and velocity data show that each star has a mass and radius of 0.340 ± 0.014 M☉ and 0.33 ± 0.02 R☉. The binary is itself part of a common proper motion pair with LP 133-374, a cool DC or possible DA white dwarf with a mass of 0.49-0.82 M☉, which would make the system at least 3 Gyr old

The nature of the fungal cargo induces significantly different temporal programmes of macrophage phagocytosis

Acknowledgements We acknowledge Wellcome support of a Senior Investigator (101873/Z/13/Z), Collaborative (200208/A/15/Z) and Strategic Awards (097377/Z11/Z) and the MRC for a programme grant (MR/M026663/2) and the MRC Centre for Medical Mycology (MR/N006364/2). We thank Kevin Mackenzie for help with microscopy.Peer reviewedPublisher PD

Great Canadian Lagerstätten 3. Late Ordovician Konservat-Lagerstätten in Manitoba

Konservat-Lagerstätten, deposits in which soft-bodied or lightly sclerotized fossils are preserved, are very rare in Ordovician strata. Three significant sites are known from Upper Ordovician rocks in Manitoba: at Cat Head – McBeth Point, William Lake, and Airport Cove. These sites are in two distinct sedimentary basins: the former two are in the Williston Basin, while the latter is in the Hudson Bay Basin. All three sites contain marine fossils, but each has a different assemblage that contributes a distinct piece of the diversity picture. Important groups represented at one or more of the sites include seaweeds (algae), sponges, cnidarian medusae (jellyfish), conulariids, trilobites, eurypterids, xiphosurids (horseshoe crabs), and pycnogonids (‘sea spiders’). The different biotas reflect depositional conditions at each site. Many of the fossils are unknown elsewhere in the Ordovician at the family level or higher. The province of Manitoba therefore makes a significant contribution to knowledge of Late Ordovician biodiversity.SOMMAIRELes lagerstätten de conservation, ces sédiments contenant des fossiles d’organismes à corps mou ou légèrement sclérotisés particulièrement bien conservés, sont très rares dans les strates ordoviciennes.  Trois sites d’importance sont connus dans des roches de l'Ordovicien supérieur à Cat Head, Manitoba, soit McBeth Point, William Lake et  Airport Cove.  Ces sites sont situés dans deux bassins sédimentaires distincts : les deux premiers sont situés dans le bassin de Williston, tandis que le second est situé dans le bassin de la baie d'Hudson.  Les trois sites contiennent des fossiles marins, mais chacun présente un assemblage différent, chacun montrant une composante distincte de la diversité biologique d’alors.  Les groupes les plus importants représentés, dans un ou plusieurs de ces sites, sont les algues, les éponges, les cnidarian medusae (méduses), les conularides, les trilobites, les euryptérides, xiphosurides (limules) et pycnogonides.  Les différents biotopes reflètent les conditions de dépôt de chaque site.  Nombre de ces fossiles sont inconnus ailleurs dans l'Ordovicien, au niveau de la famille ou du taxon supérieur de la classification.  Ainsi, la province du Manitoba offre-t-elle une contribution importante à la connaissance de la biodiversité de l'Ordovicien supérieur

Spectroscopic and photometric analysis of HS 1136+6646: A hot young DAO+K7V post-common- envelope, pre-cataclysmic variable binary

Copyright © 2004 IOP Publishing / American Astronomical SocietyExtensive photometric and spectroscopic observations have been obtained for HS 1136+6646. The observations reveal a newly formed post–common-envelope binary system containing a hot ~DAO.5 primary and a highly irradiated secondary. HS 1136+6646 is the most extreme example yet of a class of short-period hot H-rich white dwarfs with K–M companion systems such as V471 Tau and Feige 24. HS 1136+6646 is a double-line spectroscopic binary showing emission lines of H I, He II, C II, Ca II, and Mg II, due in part to irradiation of the K7 V secondary by the hot white dwarf. Echelle spectra reveal the hydrogen emission lines to be double-peaked with widths of ~200 km s-1, raising the possibility that emission from an optically thin disk may also contribute. The emission lines are observed to disappear near the inferior conjunction. An orbital period of 0.83607 ± 0.00003 days has been determined through the phasing of radial velocities, emission-line equivalent widths, and photometric measurements spanning a range of 24 months. Radial velocity measurements yield an amplitude of KWD = 69 ± 2 km s-1 for the white dwarf and KK7V = 115 ± 1 km s-1 for the secondary star. In addition to orbital variations, photometric measurements have also revealed a low-amplitude modulation with a period of 113.13 minutes and a semiamplitude of 0.0093 mag. These short-period modulations are possibly associated with the rotation of the white dwarf. From fits of the Balmer line profiles, the white dwarf is estimated to have an effective temperature and gravity of ~70,000 K and log g ~ 7.75, respectively. However, this optically derived temperature is difficult to reconcile with the far-UV spectrum of the Lyman line region. Far Ultraviolet Spectroscopic Explorer spectra show the presence of O VI absorption lines and a spectral energy distribution whose slope persists nearly to the Lyman limit. The extremely high temperature of the white dwarf, from both optical and UV measurements, indicates that the binary system is one of the earliest post–common-envelope objects known, having an age around 7.7 × 105 yr. Although the spectrum of the secondary star is best represented by a K7 V star, indications are that the star may be overly luminous for its mass.NASAParticle and Astronomy Research Council, UKNS

Bacterial toxins: Offensive, defensive, or something else altogether?

The secretion of proteins that damage host tissue is well established as integral to the infectious processes of many bacterial pathogens. However, recent advances in our understanding of the activity of toxins suggest that the attributes we have assigned to them from early in vitro experimentation have misled us into thinking of them as merely destructive tools. Here, we will discuss the multifarious ways in which toxins contribute to the lifestyle of bacteria and, by considering their activity from an evolutionary perspective, demonstrate how this extends far beyond their ability to destroy host tissue