Geld-, Bank- und Börsenwesen

Bibliographic data

Monograph

Identifikator:: 1012150852

URN:: urn:nbn:de:zbw-retromon-27269

Document type:: Monograph

Author:: Obst, Georg http://d-nb.info/gnd/11759296X

Title:: Geld-, Bank- und Börsenwesen

Edition:: 25., verbesserte Auflage

Place of publication:: Stuttgart

Publisher:: C.E. Poeschel Verlag

Year of publication:: 1927

Scope:: 1 Online-Ressource (XV, 521 Seiten)

Digitisation:: 2018

Collection:: Business and Management Classics

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweiter Teil. Banken und Bankgeschäfte

Collection:: Business and Management Classics

912 THE FEDERATIONS AND THE UNION [PART IV the authority of an Australian Act for the Imperial letters patent. Thereupon letters patent placed the territory under the control of the Parliament of the Commonwealth. It is not a part of nor annexed to the Commonwealth, and the letters patent of the Governor-General had to be amended in 1911 to permit of his visiting Papua without being deemed bo quit the Commonwealth. It is indeed a compliment to the excellence of the letters patent for the Government of a Crown Colony that the Act simply repeats their provisions over again, substituting the Governor-General for the Queen! Provision is made for the appointment of a Lieutenant-Governor, for his keeping the seal of the Colony, for his appointing and removing officers, for the grant of land, but the conditions are specified, and forbid the grant of freehold land and require reassessment of land on the unimproved value from time to time as deter- mined by ordinance. Other provisions require that licences for the sale of intoxicants cannot be increased in number, and may be abolished and diminished without any possibility of compensation. Provision is made for polls to decide as to the sale of intoxicants, and the supply of liquor to natives is forbidden except gratis for medicinal purposes for an urgent cause or necessity, the burden of proof being laid on the supplier. These are curious and odd provisions, but are due to the old rules in force before the transfer. The Executive Council is to be appointed by the Lieutenant- Governor, and not to exceed six members, three being a quorum. The Lieutenant-Governor is to preside as a rule, and he may decide against their advice, but must then report to the minister under whose department he comes. The Legislative Council is composed of the Executive Council plus nominated members, of whom, while the population ' The political character of the relationship of the local and Common- wealth Governments is explained and emphasized in Strachan v. The Commonwealth, 4 C. L. R. 455, where an unsuccessful attempt was made to hold the Commonwealth Government responsible for alleged torts by the pre-Commonwealth administration. * Thus the power—not normally exercised in a Colony under the letters patent—is made statutory and becomes a part of the Government.

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