Shen Fu

Shen Fu The book Shen Fu’s Six Records of a Floating Life is both an autobiography and love story of a man named Shen Fu, who was educated toward the path to grow up to be a scholar, but he kept on failing the exams. He went on to earn his living as secretary for a magistrate and also selling off his wife’s artwork. His wife is the girl that he fell had fallen in love with as a young child. Together, they had a very weird and odd relationship (at least compared to our modern day idea of a relationship).I think that Shen Fu really wanted the big job as the magistrate, but it also seemed like he didn’t really want to work very hard for the position. Perhaps he was a tad on the lazy side of things. He grew up in a rather scholarly middle class family and he spent much of his life trying to pass the exam. The only problem was that he kept failing it over and over again, and did never actually get around to passing it. Shen Fu seemed to focus a lot of his attention on status, and I think that it was mostly due to his family and his social class that he was born into.It seems to me that the higher status you had back then, the more you focused on status and put being born of high class up on a pedestal. Shen Fu his whole life was seeking this â€Å"Floating Life† which basically means that you’re economically secure, and that life is a more of a â€Å"dream† rather than actual reality. I thought he was always seeking this because he was always trying to figure out how to make a good deal more money, or to get a desirable scholarly position. Shen Fu, in my opinion, was rather greedy and materialistic, and was generally out for himself.Although, to be fair, he did provide for his family by taking on many different kinds of jobs, loans, and even by attempting to sell his wife’s artwork. This book is actually better known being a love story. Though it is much different then what we think a love story should traditionally c onsist of. Shen Fu was known for spending a lot of time with Prostitutes, and his wife seemed ok with it, she even went and found him a concubine. Shen Fu basically viewed his wife as his equal, rather than looking down on her as a woman, this was a very rare view for a man to have considering the time and place this took story took course.Most traditional loves stories would make this story appear crazy, this is mostly because the more traditional thought of love is between two people sharing and expressing mutual feelings for each other. Love is generally not thought of as the wife going out and searching for a good Concubine for her husband to sleep with. However, I think the more romantic and warming part of the story was that Shen Fu and his wife, Yun, enjoyed reading, drinking, and writing poetry together. I actually think that they genuinely enjoyed each other’s company.Another reason why this story could be view as a bit of a romance, was because Shen Fu was really co mmitted to supporting his family by working and taking on many jobs and responsibilities. His dedication to his wife was pretty romantic in and of itself. I didn’t think that Shen Fu was a filial son because there was a lot of conflict between his family. Think that a lot of the conflict was because he went down in class and never did become a magistrate like he and his family had hoped he would.It seems like his family viewed at him as if he didn’t try hard enough and was a somewhat of a failure to them. I would consider Shen Fu in the lower to middle class, because, he never got the job as a magistrate and didn’t have enough money to adequately support his family, so he has to sell off his wife’s artwork. I would probably put him in the lower class, but the fact that he came from a middle class family and had a concubine might put him a little on the higher side of classes. I think that this story of Shen Fu’s life does indeed exemplify the typic al lifestyle during the Qing Dynasty.Shen Fu and his wife both viewed each other as equals, which back then was really different from the norm. How he focused mush of his attention on status was a really big thing during the Qing era, and how he aspired to have a floating life style. I think it also showed how that even though he had a wife, he went out drinking with prostitutes and with his Concubine, which seems like it was pretty common back then. Overall, I thought that it was actually a pretty interesting book. It definitely wasn’t what I was expecting, and It gave a good example of how life was for his class during the Qing era.

Free Essays on Persian Wars

The most destructive war for Greek history was the Peloponnesian war. This war was fought between Athens and Sparta. Sparta’s goal was to attack Attica by land, burn its houses, and lay waste to the countryside. The Spartans hoped that by doing this they would disrupt agriculture and spread fear and chaos throughout the region. After realizing that trying to defeat the Spartan army would be stupid, the adopted a plan that relied on their fleet. Pericles ordered refuge behind the long walls. Pericles hoped the Spartans would grow tired and frustrated and give up the fight. At first the plan was working. In the summer of 431, the Spartans marched into Attica and burned Athenian homes and farms. After Pericles died in 429, some Athenians joined the Spartan-led alliance. After months and years of fighting the Spartans destroyed the Athenian fleet. Finally in 404 B.C. the Athenians surrendered. After the Peloponnesian war Greek city-states were weak and financially destroyed.... Free Essays on Persian Wars Free Essays on Persian Wars The most destructive war for Greek history was the Peloponnesian war. This war was fought between Athens and Sparta. Sparta’s goal was to attack Attica by land, burn its houses, and lay waste to the countryside. The Spartans hoped that by doing this they would disrupt agriculture and spread fear and chaos throughout the region. After realizing that trying to defeat the Spartan army would be stupid, the adopted a plan that relied on their fleet. Pericles ordered refuge behind the long walls. Pericles hoped the Spartans would grow tired and frustrated and give up the fight. At first the plan was working. In the summer of 431, the Spartans marched into Attica and burned Athenian homes and farms. After Pericles died in 429, some Athenians joined the Spartan-led alliance. After months and years of fighting the Spartans destroyed the Athenian fleet. Finally in 404 B.C. the Athenians surrendered. After the Peloponnesian war Greek city-states were weak and financially destroyed....

Sir Thomas Stamford Raffles Essay Example

Sir Thomas Stamford Raffles Essay Example Sir Thomas Stamford Raffles Paper Sir Thomas Stamford Raffles Paper Sir Thomas Stamford Raffles is one of the key persons who are responsible to the founding of modern Singapore. He played an important role in forming a British Settlement, Singapore, in the Melaka straits despite facing rejections, such as Dutch or even resistance in London itself. He is a controversial person even in his time. Hence there is no doubt that there are lots of information about him and founding of Singapore in the internet. However, how do we assess these websites for its appropriateness towards scholarly research is the main objective of this essay. According to The Sheridan Libraries an appropriate source for scholarly research would have information such as â€Å"authorship, publishing body, point of view, referral to other sources, verifiability and currency† . In the case of internets sources, at least we could have an idea who is the author and a way to contact, such as telephone or email, to clarify the information provided in the internet or even arranged an interview. The first source regarding Sir Thomas Stamford Raffles and the founding of Singapore which I’m going to examine is taken from Wikipedia. Let just put aside for a moment the authorship and verifiability of the passage, and for a moment assume it is what it is. Wikipedia provides a very detailed explanation of Sir Thomas Stamford Raffles. The information in Wikipedia is like a series of events that arranged chronologically. This is by far a more interesting and captivating way for the readers. Nonetheless, the events and points that provided by Wikipedia are also very broad. The general impression that I gained, from Wikipedia, that summarize who Sir Thomas Stamford Raffles was, was a hardworking, wise, fair, rational and both lucky and unfortunate person. When I read the passage, I generally felt that all he had done were good things. He was a very hardworking child, despite the early death of his father. He was lucky enough to be hired by East India Company and had the opportunity to expose himself to South East Asia, and based on his talent, picked up the native language, Malay, and good enough to impress the Governor to promote him as a Resident of Java at the age of 30. He abolished slave system, led an expedition to restore Borobudur, replaced Dutch forced agriculture system with land tenure, founded a more administrative Singapore and throughout the end, I elt sorry with his early death and his lost of family members. All the events are centralizing in the goodness of Sir Thomas Stamford Raffles. However, aren’t these very subjective opinions from a historical point of view? In the passage, it mentioned â€Å"considered Farquhar unfit for the position of Resident, so Raffles took direct control with a heavy hand. † The Wikipedia source didn’t really stated why William Farquhar was unfit for the position. Did he done something wrong that suffer the indigenous people? Did he make a lost in financial during his tenure? We may get some answer for these questions from how well the author think Singapore did as soon as the take over from British until the return of Raffles at year 1822 base on the paragraph â€Å"†¦as Singapore grew at an exponential rate, the Dutch gave up their claim on the island†¦Ã¢â‚¬  This in certain account created ambivalence from the author, and let just assume what both lines are true. Maybe the author is trying to tone down the confrontation between Farquhar and Raffles. By providing a reason for the discord, which reasonably present with a glim, it seems what Raffles did is reasonable. Besides that, under the â€Å"Founding of Singapore† session in the Wikipedia source, Farquhar was only credited for securing of British possession in the Riao’s area. This is by far had neglected his role in the founding of Singapore. The second source that I am going to examine is a website from USP, NUS. Once again, put aside verifiability and authorship. Let examine the passage’s point of view towards Raffles and the founding of Singapore. The passage gave a more general view of Raffles. At least at the first glance of the passage, I won’t have a feeling that he is almighty. Just take an example, â€Å"†¦Raffles became a subject of controversy and a target of attack, from British as well as Dutch adversaries. To some, Raffles was an admired reformer, who wanted to abolish the slave trade, and ameliorate the lot of the people. To others, he was simply a young and ambitious schemer. † This paragraph gives me a feeling that he is a controversial figure even during his time. The word â€Å"ambitious schemer† also reflects that he may not be as pure as a saint. All these that I have mentioned, didn’t come to me when I was reading the source from Wikipedia. With these, in certain account, there is a different in objectivity of the author of these two sources. Besides that, â€Å"it was Farquhar who worked alongside the Malay rulers for four years to secure the survival and growth of the British settlement on Singapore Island†¦Ã¢â‚¬  gives a general account on what Farquhar had contributed to the development of Singapore. This just gives me an impression of what Singapore was at that time, and it was definitely not the sole contribution and hard work of Raffles. The source did mention an outline of the life of Raffles. The author did give a high regards on Raffles effort to abolish slavery. This can be showed â€Å"He held strongly to moral principles on the dignity and equality of human beings † . Besides that, the source also mentions two important names in the founding of Singapore, William Farquhar and Dr John Crawfurd, and credited them as â€Å"The Founders of Colonial Singapore† . This source gives an alternative view of who were possible founders, or who had at least contributed to the radical founding of early Singapore. With these additional information provided, Raffles is not the only one credited with the establishment of early Singapore and thus gives a more objective view of early history of Singapore under British possession. The third source I’m going to examine is from suit101 . This passage gives a general overview of Raffles and his involvement in Singapore. This source is a summary of his early life, his career, and also how it links to the founding of Singapore. Compare to the first two sources, this source is comparatively less detailed information. For example, â€Å"Following the hallowed English tradition of divide and conquer, Raffles and his successors †¦Ã¢â‚¬  The source didn’t mention about who are the other successor. Is it Farquhar? Is it John Crawfurd? Or is it somebody else? This source gives a very subjective view towards Raffles, â€Å"Raffles continued to enjoy a long and celebrated career in imperial administration. † How does the author know the feelings of Raffles despite so many obstacles in his tenure as stated in the first and second source? Before I choose one of these sources to be an appropriate source for scholarly historical research, let me examine the authorship of these three sources. The source from Wikipedia, apparently is edited by not a few but a lot of authors. Just a brief view in the â€Å"history† link in the wikipedia webpage toolbar, there is approximate 500 entries of editorial in the Stamford Raffles site and still counting. In some account, base on the large amount of authors, contradictory may occur and there maybe a more objective viewpoint regarding the topic, â€Å"†¦emergence of resonance will only come after experiencing some dissonance. However, this is not an appropriate source for scholarly historical research mainly because of its multi-authorship and anonymous authorship. How can we verify the source when there are anonymous authors? Meanwhile, the second source from USP weblink, was the work of an associate professor in the History Department of NUS. The author is highly qual ified and contactable. Finally, the last source, it was also from a single author, John Walsh from Mahidol University International College. In terms of verifiability, the second and third source provides a direct contact name and title to verify the content or for further research. However for the first source, Wikipedia, if the readers have any doubt of the source, they have little chance to clarify with the author. There is no direct contact number and there is little chance of knowing the name, beside username of the author or even anonymous authorship. However as an ordinary user, we can raise the mistakes in the content to the webmaster, rise in discussion or edit the page. Finally, regarding citation, both sources from Wikipedia and John Walsh didn’t provide any; presumably every word is directly from the author. Source from the USP and Wikipedia, did provide references. In certain extend, this provides the readers a way for further research of the topic. This helps the reader to verify the points and facts in the source too. In Wikipedia, the â€Å"general look† is more appealing, with pictures of Stamford Raffles and well credit where the picture’s origin. The more user appealing part of Wikipedia is its usage of Wiki software to develop its webpage, and this may be a good start for newbies and for background reading â€Å"†¦wikis should not take authoritative, but can relied upon for ‘background reading’. After assessing the qualities of these websites, source from the USP website regarding Stamford Raffles and founding of Singapore is an appropriate source for scholarly historical research. This is due to its authorship; it provides a name and a title from the author, and it ensures verifiability. The publishing body, which is the NUS website, is a well ma intained and contactable publishing body. The details provided in the source are sufficient for a person to understand Stamford Raffles and the founding of Singapore reasonably well. It also provides other possible founders or contributors to the founding of Singapore. As a conclusion, it has all the attributes of an appropriate source for scholarly historical research. Bibliography Elizabeth E. Kirk, â€Å"Evaluating Information Found on the Internet†, Sheridan Libraries (1996), 8 February 2008, library. jhu. edu/researchhelp/general/evaluating/ â€Å"Stamford Raffles†, Wikipedia, The Free Encyclopedia. Wikimedia Foundation, Inc. (10 Aug. 2004), 17 February 2008, http://en. wikipedia. org/wiki/Stamford_Raffles Ernest C. T. Chew. The Founders of Colonial Singapore†, USP (12 October 2002), 17 February 2008, usp. nus. edu. sg/post/singapore/history/chew/founders. html John Walsh, â€Å"Raffles: Sir Stamford Raffles and the Founding of Singapore. † Suit101 (9 Jan 2004). 8 February 2008, suite101. com/article. cfm/east_asian_history/105792/1 Alvin Tan Peng Hong, â€Å"Allowing Dissonance†, The History Journal (1998), p. 14 Lesl ie Goh, â€Å"Share your knowledge or ignorance†, Straits Times (17 October 2006), 7 March 2007, http://news. independent. co. uk/world/americas/article2331980. ece Stephen Foley, â€Å"Wikipedia Hits An Identity Crisis As Student Admits Posing As Professor†, 2007 Independent News And Media Limited (7 March 2007) Noam Cohen, â€Å"A History Department Bans Citing Wikipedia As Research Source†, The New York Times (21 February 2007), 2 March 2007, nytimes. com/2007/02/21/ education/21wikipedia Marshall Poe, â€Å"The Hive†, The Atlantic Monthly (September 2006), 6 January 2007, theatlantic. com/doc/print/200609/wikipedia Stacy Schiff, â€Å"Can Wikipedia Conquer Experts†, The New Yorker (24 July 2006), 31 July 2006, newyorker. com/printables/fact/060731fa_fact

Question and Case Analysis Assignment Example | Topics and Well Written Essays - 1000 words

Question and Case Analysis - Assignment Example ing Aoki is manufacturing to China, Mexico, or Eastern Europe, the company must first carry out thorough scanning to understand the political and economic laws in these countries. China has religious law, which may not affect Aoki firm greatly in its operations. China and Mexico do have a mixed economy where both government intervention and market mechanisms operate. The Chinese government encourages foreign investors as compared to Mexico and Eastern Europe states. In Mexico, businesses are marred with violence thus discouraging investments. Nonetheless, there is socialism system of government in some parts of Eastern Europe such as Russia that controls all economic and political matters. Most of the businesses bribe to acquire important documents such as licenses and there are increased crimes and killings that involve seizing of individual businesses. Russia and some countries in Eastern Europe do not have a strong antipiracy law hence may weaken the business by manufacturing fake glasses as the ones manufactured by Aoki firm. Aoki Company should therefore consider manufacturing in China than in Mexico and Eastern Europe. Aoki’s decision to sell its products to Latin America and Europe is welcomed due to political stability in these regions that comprises deeper application of civil law. There are also good quality infrastructures such as communication that may help in doing business. Furthermore, market forces are left to control trade hence democracy in trade and economic freedom. Aoki will be able to make economic decisions to facilitate its operations thus maximizing its profits. According to the American corporation policy, Aoki will repatriate a given percentage of its taxable profit to the home country. Emerging markets have a large number of middle class that provide a good market for commodities in their countries. The middle-income earners have enough disposable income that enable them purchase electronics. The ability to purchase electronics

What Honda has to offer Essay Example | Topics and Well Written Essays - 250 words

What Honda has to offer - Essay Example Honda therefore presents itself as a corporation which is founded upon the solid values of delivering high quality and efficient design cars besides portraying itself as an organization which shows its concerns about preserving the environment. This therefore allows Honda to become attractive especially to such audience which considers its ethical consumers and base their buying decisions on the basis of an organization’s environmental protection records. In order to compete with established firms in aircraft industry, Honda needs to rely more on its legacy and market its past successes in terms of bringing in high quality and efficient design car technology. Further, Honda also needs to ensure that it pitches its message to the audience which is its tested market. Honda has been more successful in markets other than US or Europe therefore in order to compete with these firms, it is critical that Honda must adapt to the regional marketing targeted specially at Asian

Case Study-Police and the Law Study Example | Topics and Well Written Essays - 1250 words

-Police and the Law - Case Study Example For this reason, the Exclusionary Rule that is recognized by the United States Supreme Court comes to primary importance. For purposes of this brief analysis, this author will utilize the fundamental precepts of the Exclusionary Rule alongside three specific cases, Weeks v. United States, Rochin v. California, and Mapp v. Ohio, to illustrate the progressions that the judicial system has made with reference to realizing, appreciating, and categorizing the means by which evidence can be legally and rightfully obtained as well as recognized within a court of law. For purposes of clarity, the Exclusionary Rule will be defined within this analysis as a legal principle under constitutional law which states that any evidence that is collected which violates the rights of the defendant is non-admissible for criminal prosecution in a court of law. The importance of such a constraint is massive due to the fact that it helps to place much needed limits on the powers that the prosecuting entity, almost invariably that of law enforcement, can legally impose on an individual that is suspected of transgressing the law. For purposes of explanation, one can directly link the development and historical significance of the Exclusionary Rule to the Fourth Amendment to the United States Constitution. In such a way, the Exclusionary Rule can be understood as an expansion of the power that protects citizens from unlawful searches and seizures. As will be seen in the proceeding analysis, this prohibition against unlawful search and seizure can even extend into cases which police and the requisite authorities have all necessary search warrants necessary to perform a standard search (Fettig 2010). In this way, the unique level to which the exclusionary rule works within the judicial system helps to ensure that even if law enforcement representatives have requisite documentation, they are not allowed to deviate from a proscribed role in seeking to gain such evidence. As the following cas es will show, a great deal of development has taken place within the Exclusionary Rule and the means by which the rights of the individual have been championed in place of granting greater and more expansive powers to law enforcement. With respect to the first of these cases, that of Weeks v. United States (1914), this was a case that set a level of precedent with relation to the Fourth Amendment and the application thereof to ensure that evidence gained during a warrantless seizure was inadmissible in a federal court of law. The prohibition against allowing evidence procured in such a manner being admissible in a federal court of law was beyond merely disallowing federal agents to gather such evidence and present it within a federal court, it also prohibited federal agents from receiving evidence received in such a manner from being retrieved by their state or local counterparts. However, noticeably missing from this case was a prohibition against any evidence whatsoever being gath ered or utilized in such a way (Campbell 2011). The case itself was concentric upon Weeks having his own possessions rifled and taken during a police search that did not have the power of a search warrant. As such, Weeks protests were eventually heard by the Supreme Court and the case itself was thrown out due to the majority opinion that such a search violated the soon to be elaborated upon Exclusionary Rule

Legal Aspects of a Business Essay Example for Free

Legal Aspects of a Business Essay Introduction When starting up a new business it is very important to look at the legal aspects which will influence the company in the future. In this part of the information file there will be the most important legal aspects for running a student company. First there is the selection of business form, in which there will be a compairison between the different possible forms. Afterwards a description of how the student company will work with contracts and partners. And finally there is an explanation of the typical dutch legal aspects such as profit tax and dividend. Business form Most important before starting the actual business is to compare the different possible legal business forms to make sure that it suits the intentions of the entrepreneurs. First the expanation per legal form will be given and afterwards a choice will be made for the student company itself. There are three basic legal business forms which can be chosen when starting up a new company: sole proprietorship, partnership and corporation. Each will be described shortly and afterwards the form of the student company will be given. Sole proprietorship The sole proprietorship is the oldest, most common, and simplest form of business organization. A sole proprietorship is a business owned and managed by one person. The prevalent characteristic of a sole proprietorship is that the owner is inseparable from the business. Because they are the same entity, the owner of a sole proprietorship has complete control over the business, its operations, and is financially and legally responsible for all debts and legal actions against the business. Another aspect of the same  entity aspect is that taxes on a sole proprietorship are determined at the personal income tax rate of the owner. In other words, a sole proprietorship does not pay taxes separately from the owner. A sole proprietorship is a good business organization for an individual starting a business that will remain small, does not have great exposure to liability, and does not justify the expenses of incorporating and ongoing corporate formalitie. Corporation A corporation is a business entity which is owned by an individual or group of individuals and they run a business that legally exists. A corporate body is formed to regulate and manage business. People work as a unit in a corporation and produce the value that will generate income. A lot of employment is generated by corporations and they have now a big impact on economic growth and the social development of any country that operates in the free market system. A corporation has rights and responsibilities just like people have, and can also be liable to the processes of law just as an individual can. The characteristics of a corporation are the limited liability of shareholders, management being delegated to a board of directors, ownership by shareholders, transferable shares and that it has a separate legal personality. Relevance to Student company The fact that the student company will sell shares and therefore will be owned by the shareholders, the student company will be a corporation. Big advantage of this legal form is the spreading of the potential business risks because of the large amounts of shareholders. Disadvantages for the entrepreneurs is the limited power within the company because of the â€Å"voice† of the shareholders and sharing the possible profit with the shareholders. Within shareholder meetings important decisions or problems will subject and together with the entrepreneurs the business strategies are set. Contracts with other parties Because the student company will be a trading company it is very important to make clear arrangements with the suppliers, customers and the entrepreneurs  itself. This will split the the risks of the entrepreneurs as well as the business partners in the buying cyclus. Because it is still not clear what kind of product or service the student company wil sell, this will be researched later on in the market research. Laws and taxes When somebody wants to start up a company within the netherlands this person should notify the Inland Revenue as soon as they know when their company plans to start business. If this person starts as sole trader, a partnership, a limited partnership or a partnership under common firm, he or she can register the company for the Inland Revenue and the trade register at the same time. This can be done at the Chamber of Commerce. It is to your advantage to provide this information at an early stage: new companies which have made investments in their business often receive money back following their first value added tax return .This is because a new business often pays more value added tax in the beginning than it has actually charged. Value added tax It is almost always compulsory for businesses to charge clients value added tax. Businesses are nearly always liable to charge value added tax to their clients. The rate is 6% or 19% depending on the type of product or service. The value added tax which a company receive from the client must be paid to the Inland Revenue. The value added tax which the company has paid out itself to the suppliers can be offset against this. Value added tax is paid either monthly or quarterly, depending on the type of business and the level of turnover. Corporation tax If the company is a private company with limited liability, the owners will be liable to pay corporation tax. Corporation or corporate income tax is levied on companies established in the Netherlands and on certain companies not established in the Netherlands, which receive income from the Netherlands .In this context, the term company includes companies with a capital consisting of share, co-operatives, mutual insurance and credit companies, foundations and other legal persons incorporated under civil law, when they administer an enterprise, funds for common account, and most  publicly-controlled industrial and commercial undertakings. Basis of assessment Profits in the widest sense, with a number of additions or deductions. The determination of the taxable profits corresponds largely with the determination of profits taxable under personal income tax, including the deductibility of losses from other years. Exemptions Legal persons whose activities are of a social or charitable nature or otherwise in the public interest are exempted from corporation tax. Exempted categories of profit are those corresponding to the relevant exemptions under personal income tax. Furthermore the participation exemption applies to all dividends, gains and losses related to the holding of at least 5% of the shares in a subsidiary. This rule, preventing economic double taxation, is in general equally applicable to dividend deriving from domestic and foreign subsidiaries. The loss related to the winding-up of a subsidiary is, under certain conditions, deductible by the parent company. The deductibility of interest paid on non-functional loans and loans related to a reshuffle of participations within the group is restricted to certain circumstances. Another amendment permits companies to depreciate loss-making participations of 25% or more during the first five years after acquisition. Special features Fiscal unity: a company which holds 100% of the shares in a Dutch subsidiary may request to be qualified as a fiscal unity. However, certain conditions apply. It is possible for a fiscal unity to be consisted of more than two companies. The subsidiaries are considered to be absorbed by the parent. As a result, negative results of companies belonging to the unity can be compensated horizontally with positive results of the others. Interest paid to a group company in respect of the acquisition of shares in Dutch operating companies cannot be set off against the profit of these operating companies. Regime for investment funds: provided that all current income is distributed to shareholders and a number of other conditions are met, an  investment company or fund is entitled to add capital gains on securities and real property to a reinvestment reserve and to a rate of nil per cent on the remaining profit.