The South Sea Company (officially The Governor and Merchant of Great Britain, trading in the South Seas and other parts of the United States, and promoting Fishery)  was a joint British stock company founded in January 1711, created as a public and private partnership national. To make money, in 1713 the company was granted autonomy (Asiento de Negros) to supply African slaves to the islands of the “South Seas” and South America. When the company was formed, Britain was involved in the Spanish Civil War and Spain and Portugal controlled most of South America. There was, therefore, no sure hope that the trade would take place, and as it did, the Company never received any major profits from its rule, However, the Company’s stock has risen exponentially as it expanded its operations in government debt, rising in 1720 before a sudden collapse exceeding its original price. Such a famous economic bomb, which destroyed thousands of investors, became known as the South Sea Bubble.

The Bubble Act 1720 (6 Geo I, c 18), which forbade the formation of joint-stock companies without royal royalty, was promulgated by the South Sea Company itself before its collapse.

In Great Britain, many investors have been hurt by the collapse of the stock market, and as a result, the country’s economy has plummeted. The founders of the scheme are involved in insider trading, using their knowledge in advance during national debt consolidation to make huge profits by purchasing debt early. Great bribes were given to politicians to support the Acts of Parliament needed in this process. The company’s money is used to make its shares, and selected people who buy shares are given a loan backed by those shares which they should use to buy more shares. Expectations of profits from trade with South America have been talked about to encourage the public to buy stocks, but the prices reach far beyond what the real profit of the business (i.e. the slave trade) could have been. 

An investigation was underway in Parliament after a football explosion to determine its causes. Many politicians were embarrassed, and the people who were found to have benefited from the company’s misconduct were deprived of their assets in proportion to their profits (most of them were rich and remained so). Eventually, the Company was restructured and continued to operate for more than a century after the Bubble. The headquarters was located on Threadneedle Street, in central London, the capital’s financial district. During these events, the Bank of England was also an independent company operating on the national debt, and the collapse of its rival confirmed its banking position with the British government. 

South Sea Bubble, speculative ideas that plagued many British investors in 1720. This bubble, or deception, centered on the fortune of the South Sea Company, which was founded in 1711 to trade (especially for slaves) with Spain America, assuming that the Spanish Civil War, and then nearing its end, would end with an agreement allowing such trade. The company’s stock, with a guaranteed six percent interest rate, was well sold, but the proper peace treaty, the Utrecht Treaty reached with Spain in 1713, was no better than expected, imposing an annual tax on imported slaves and allowing the company to ship only one ship per year for general trade. The success of the first voyage in 1717 was small, but King George I of Great Britain became the corporate ruler in 1718, building confidence in the business, which would pay 100% interest.

In 1720 there was a dramatic increase in South Sea stocks, thanks to a company proposal, approved by Parliament, to take on the national debt. The company was expected to recover from the increase in trade, but especially since the expected growth in the value of its shares. Indeed, this has grown dramatically, from 128 1/2 in January 1720 to more than 1,000 in August. Those who could not afford to buy South Sea stock were carried by highly promising corporate promoters or trustworthy fraudsters into non-intellectual funds. By September the market had collapsed, and by December South Africa’s shares had plummeted to 124, dragging others, including government, stocks down. Many investors have been targeted, and the House of Representatives has ordered an investigation, which shows that at least three ministers have accepted bribes and are considerate. Many company executives are embarrassed. Shame brought Robert Walpole, often considered Britain’s first prime minister, to power. He promised to seek out all those who were facing the stigma, but in the end, he offered only a few to those who participated in the preservation of the dignity of government leaders. The South Sea Company itself survived until 1853, selling most of its rights to the Spanish government in 1750.

South Sea of China Dispute

South Sea of China Dispute

The South China Sea Arbitration case decided on July 12, 2016, was a mediation case brought to China for its successful management of maritime signals in the South China Sea that are part of the territorial dispute. The lawsuit was settled out of court in the Philippines, where an opposition court ruled in favor of China’s “Nine-Dash Line,” in which China sought historical rights over the South China Sea.

On the day the ruling was issued, China’s Foreign Ministry declared that “the existence of [the arbitrator] is illegal, and any decision we make is invalid and invalid. China has successfully converted seven artificial islands built from rivers and other elements into military bases. After the U.S. conference With China in September 2015, Chinese President Xi Jinping stated that “China has no intention of pursuing military service in the South China Sea,” but in fact, China has done just that. In February 2016, China’s Foreign Ministry explained that “China’s imposition of restricted protection zones in its territory (Spratly Islands) is exercising its right to self-defense where the ruling country has a right under international law. It has nothing to do with the military. “What is clear from these facts is that China is ignoring its obligation to honor its binding mediation award. China continues its activities contrary to international law.

In November 2002, China agreed with the ASEAN countries on the declaration of the “Declaration of the Ethics of the South China Sea Group (DOC).” The declaration promises, among other things, the observance of the United Nations Convention, the United Nations Convention on the Law of the Sea (UNCLOS), the Treaty of cooperation and cooperation in South Asia (TAC), and the resolution of international disputes through peaceful means. It also establishes the restraint of actions that can make conflicts stronger. However, China has ignored the political agreement and has continued its regional assignment in the South China Sea.

Following the mediation, the chairman’s statement was announced at a conference between China and ASEAN countries held in Lao on September 7, 2016. In this statement, the intention was to conclude negotiations in the first half of 2017 on the “Code of” binding Code of Conduct in the South China Sea (COC). , ”Linked to the South China Sea issue. As of 2021, this goal has not yet been achieved. The focus should be on China’s actions to exclude foreign countries from decisions related to COC. China is increasing pressure to prevent subordinate countries from participating in military exercises or developing maritime resources with countries outside the region. ASEAN countries are negotiating with China, refusing to honor the award that officially binds the South China Sea Arbitration, in the hope that it will honor new legally binding agreements. Therefore, it is not too early to look at the “law established in the South China Sea by the signing of” the Code of Conduct. “

Under the China Coast Guard Law (CCG Law), enacted on February 1, 2021, the term “water in China” was used in place of the “90s line.” On March 8, 2021, Li Zhanshu, Chairman of the Standing Committee of the National People’s Congress of the People’s Republic of China, told the Report on the Work of the Standing Committee that the purpose of establishing the CCG law was to use Xi Jinping’s thinking on strengthening the military in the new era. “This has made it clear that the China Coast Guard (CCG) was the second navy. Cooperation between the CCG and the People’s Liberation Army Navy (PLAN) has begun, and joint tests between the CCG and PLAN were conducted on Woody Island of the Paracel Islands in July 2020.

 

On March 21, 2021, the Philippine government confirmed that about 220 Chinese fishing vessels were sailing into the military, considered to have been sent to the Militia of China, in the special economic zone (EEZ) of the Spratly Islands about 175 miles west of Battalaza in the western Philippine Island. The Filipinos protested but were unable to evacuate Chinese fishing vessels on their own. On April 3, 2021, the Philippine military announced that it had confirmed the existence of a new structure. If this is the work of building the eighth artificial island, then it represents the obvious challenge by China to the South China Sea Arbitration award and the international community. This kind of attempt to intimidate China as a way to change the environment is still going on in the South China Sea. Militia management in this gray state is a new issue in international law.

Indeed, the origin of the South China Sea problem lies in global disputes between landlords. However, allowing China to ignore the arbitration award and unilaterally change existing conditions would force the South China Sea to be governed by the law of power and not the law.

Explain the story of the church, and make news stories throughout Asia-Pacific.

The “Free and Open Indo-Pacific Strategy” (FOIPs) strategy is a strategic framework developed by Japan, the United States, Australia, and India (called Quad), countries that oppose China’s actions in the South China Sea. The fact that the U.K., France, and Germany have participated in FOIP-based military exercises emphasizes that the South China Sea is no longer just a regional problem; now it is global. All interested nations must do something to protect the law and uphold international standards, including freedom of movement and conflict resolution

South Sea Islands

South Sea

The term South Sea may be applied equally to Oceania, or a lesser extent in Polynesia or the Polynesian Triangle, which is bound by the Hawaiian Islands, New Zealand, and Easter Island. The Pacific islands are often referred to as the South Sea Islanders, especially in Australia.

List of Islands Located in Countries
New GuineaAustralia
Rocky Island South China Sea
Vunivandra Island Fiji
Isle of Pines IslandPacific Ocean
Nautanivono Island The centre of Fiji's Mamanuca Islands.
Tavua IslandFiji
Captiva IslandFlorida,
TahuataFrench Polynesia
Cát Bà IslandVietnam
HonshuJapan
Espiritu SantoVanuatu
ShikokuJapan

 


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