A treasury is either
68-573: The Department of the Treasury , also known as The Treasury , is the national treasury and financial department of the federal government of the Commonwealth of Australia . The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies . The Treasury is one of only two departments that have existed continuously since Federation in 1901,
136-434: A res publica as long as it continued to use Latin as its official language. Rome acquired imperial character de facto from the 130s BC with the acquisition of Cisalpine Gaul , Illyria , Greece and Hispania , and definitely with the addition of Iudaea , Asia Minor and Gaul during the 1st century BC. At the time of the empire's maximal extension during the reign of Trajan (AD 117), Rome controlled
204-522: A "Treasury" will exist alongside a separate "Ministry of Finance", with divided functions. The State Treasury ( Polish : Skarb Państwa ) in Polish law represents the Polish state acting in the field of civil law relations in which it is treated as equal partner to private entities (as opposed to the sphere of public law relations in which the State represented by public authorities decides unilaterally on
272-417: A number of essential criteria, which include cost efficiency, security, and the ability to liquidate reserves at short notice. The Church has a variety of treasures that have spiritual or religious value rather than financial worth; these are housed in treasuries at most cathedrals. These take the form of relics , icons , manuscripts , votive offerings and liturgical garments . Of particular note are
340-761: A result of the crisis of the third century . During Late antiquity Christianity became increasingly popular, finally ousting the Roman imperial cult with the Theodosian decrees of 393. Successive invasions of Germanic tribes finalized the weakening of the Western Roman Empire during the 5th century, while the Eastern Roman Empire persisted throughout the Middle Ages , in a state called Romania by its citizens, and designated
408-643: A series of conflicts of the 4th and 3rd centuries, the Samnite Wars , Latin War , and Pyrrhic War . Roman victory in the Punic Wars and Macedonian Wars established Rome as a super-regional power by the 2nd century BC, followed by the acquisition of Greece and Asia Minor . This tremendous increase of power was accompanied by economic instability and social unrest, resulting in the Catiline conspiracy ,
476-566: A subsidiary of the Reserve Bank of Australia . The department is focused on developing Australian taxation system , land and income tax and economic policies. The Treasury is divided into five groups: fiscal, macroeconomic, revenue, Corporate and Foreign investment and markets, with support coming from the Corporate Services Division. These groups were established to meet four policy outcomes. As at October 2023,
544-880: A variety of rare falcons. The private collection of curiosities in England has been ascribed to 16th century polymath Francis Bacon , and in Europe to the emperor Rudolph II . In Russia this was pioneered by tsar Peter the Great . Notable modern collections include the Waddesdon and the Wallace collections in Britain, and the Getty and Guggenheim collections in the US. Classical antiquity Classical antiquity , also known as
612-474: Is often considered to begin with the earliest recorded Epic Greek poetry of Homer (8th–7th-century BC) and ends with the end of the Western Roman Empire in 476 AD. Such a wide span of history and territory covers many disparate cultures and periods. Classical antiquity may also refer to an idealized vision among later people of what was, in Edgar Allan Poe 's words, "the glory that was Greece, and
680-452: Is part of the executive government. It works to the government of the day, whatever the political persuasion of the government of the day. And so in that sense of course the Treasury is not independent from government and it can never behave as if it is independent from government. But there's another sense in which it does have a degree of independence and that is that the Treasury conducts its analysis without government interference. It's up to
748-589: Is the public service head of the department. Below is the list of secretaries. In 2008, Treasurer Wayne Swan called Secretary to the Treasury Ken Henry an "independent economic regulator," similar to the Governor of the Reserve Bank. When asked after the 2009 Budget about Treasury’s independence, Henry replied: Strictly of course we're not. The Treasury Department is a department of state. It
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#1732780186331816-561: The Byzantine Empire by later historians. Hellenistic philosophy was succeeded by continued development of Platonism and Epicureanism , with Neoplatonism in due course influencing the theology of the Christian Church Fathers . Many writers have attempted to name a specific date for the symbolic "end" of antiquity, with the most prominent dates being the deposing of the last Western Roman Emperor in 476,
884-562: The Byzantine Papacy . The Eastern Roman empire's capital city Constantinople remained the only unconquered large urban site of the original Roman empire, as well as being the largest city in Europe. Yet many classical books, sculptures, and technologies survived there along with classical Roman cuisine and scholarly traditions, well into the Middle Ages, when much of it was "rediscovered" by visiting Western crusaders. Indeed,
952-524: The Catholic Church in particular maintained Latin language, culture, and literacy for centuries; to this day the popes are termed Pontifex Maximus which during the classical period was a title belonging to the emperor, and the ideal of Christendom continued the legacy of a united European civilization even after its political unity had ended. The political idea of an Emperor in the West to match
1020-479: The Department of Finance , is responsible for budget management, government expenditure and market deregulation. A treasury is also a room or building in which precious or valuable objects are preserved, especially objets d’art in precious metals and jewels, of a ruler or other collector which are kept in a secure room and often found in the basement of a palace or castle. In past times revenue collected by
1088-578: The Muslim conquests of the 7th century finalized the irreversible loss of all the largest Eastern Roman imperial cities besides the capital itself. The emperor Heraclius in Constantinople , who reigned during this period, conducted his court in Greek, not Latin, though Greek had always been an administrative language of the eastern Roman regions. Eastern-Western associations weakened with the ending of
1156-607: The Sabines to a festival and stole their unmarried maidens, resulting the integration of Latins and Sabines. Archaeological evidence indeed shows first traces of settlement at the Roman Forum in the mid-8th century BC, though settlements on the Palatine Hill may date back to the 10th century BC. According to legend, the seventh and final king of Rome was Tarquinius Superbus . As the son of Tarquinius Priscus and
1224-780: The Social War and the First Triumvirate , and finally the transformation to the Roman Empire during the latter half of the 1st century BC. The precise end of the Republic is disputed by modern historians; Roman citizens of the time did not recognize that the Republic had ceased to exist. The early Julio-Claudian Emperors maintained that the res publica still existed, albeit protected by their extraordinary powers, and would eventually return to its earlier Republican form. The Roman state continued to term itself
1292-656: The St Chad Gospels at Lichfield Cathedral , and the Codex Eyckensis at St Catherine's Church, Maaseik . The treasury at Aachen cathedral has a number of valuable artifacts, such as the Cross of Lothair and the Treasury Gospels . Collections of personal treasures, where the objects assembled are there because of the interest of the collector, rather than any intrinsic value, have been seen since
1360-994: The US Mint in Denver (16%) and the residue (approximately 5%) at the Federal Reserve Bank of New York . The second largest reserve, that of Germany , is held at the Deutsche Bundesbank in Frankfurt am Main , the Federal Reserve Bank in New York and the Bank of England in London. The third, held by the IMF , is in a number of in designated deposits. These treasuries are believed to satisfy
1428-428: The ancient Olympic Games . In Ancient Greece treasuries were almost always physically incorporated within religious buildings such as temples, thus making state funds sacrosanct and adding moral constraints to the penal ones to those who would have access to these funds. The sovereigns' treasury within the palace in ancient Jerusalem is considered to be similar in nature to the temple treasury. The temple treasury of
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#17327801863311496-653: The classical era , classical period , classical age , or simply antiquity , is the period of cultural European history between the 8th century BC and the 5th century AD comprising the interwoven civilizations of ancient Greece and ancient Rome known together as the Greco-Roman world , centered on the Mediterranean Basin . It is the period during which ancient Greece and ancient Rome flourished and had major influence throughout much of Europe , North Africa , and West Asia . Conventionally, it
1564-588: The classical orders of architecture. The philosophy of St. Thomas Aquinas was derived largely from that of Aristotle , despite the intervening change in religion from Hellenic Polytheism to Christianity . Greek and Roman authorities such as Hippocrates and Galen formed the basis of the practice of medicine even longer than Greek thought prevailed in philosophy. In the French theater , playwrights such as Molière and Racine wrote plays on mythological or classical historical subjects and subjected them to
1632-620: The red-figure style , developed by the Andokides Painter in about 530 BC. Greek colonisation refers to the expansion of Archaic Greeks , particularly during the 8th–6th centuries BC , across the Mediterranean Sea and the Black Sea . The Etruscans had established political control in the region by the late 7th-century BC, forming the aristocratic and monarchial elite. The Etruscans apparently lost power in
1700-484: The 18th and 19th centuries. The earliest period of classical antiquity occurs during a time of gradual resurgence of historical sources after the Late Bronze Age collapse . The 8th and 7th centuries BC are still largely protohistorical , with the earliest Greek alphabetic inscriptions appearing during the first half of the 8th century. The legendary poet Homer is usually assumed to have lived during
1768-566: The 19th century. John Milton and even Arthur Rimbaud received their first poetic educations in Latin. Genres like epic poetry, pastoral verse, and the frequent use of characters and themes from Greek mythology affected Western literature greatly. In architecture, there have been several Greek Revivals , which seem more inspired in retrospect by Roman architecture than Greek. Washington, DC has many large marble buildings with façades made to look like Greek temples , with columns constructed in
1836-932: The 8th or 7th century BC, and his lifetime is often considered as the beginning of classical antiquity. During the same period is the traditional date for the establishment of the Ancient Olympic Games , in 776 BC. The Phoenicians originally expanded from ports in Canaan , by the 8th century dominating trade in the Mediterranean . Carthage was founded in 814 BC, and the Carthaginians by 700 BC had established strongholds in Sicily , Italy and Sardinia , which created conflicts of interest with Etruria . A stele found in Kition , Cyprus commemorates
1904-653: The Dark Ages). In pottery, the Archaic period sees the development of the Orientalizing style , which signals a shift from the geometric style of the later Dark Ages and the accumulation of influences derived from Egypt, Phoenicia and Syria . Pottery styles associated with the later part of the Archaic age are the black-figure pottery , which originated in Corinth during the 7th-century BC and its successor,
1972-610: The Eastern Roman capital ( first in 674–78 and then in 717–18 ) severed the economic, cultural, and political links that had traditionally united the classical cultures around the Mediterranean, ending antiquity (see Pirenne Thesis ). The original Roman Senate continued to express decrees into the late 6th century, and the last Eastern Roman emperor to use Latin as the language of his court in Constantinople
2040-583: The Emperor in the East continued after the Western Roman Empire's collapse; it was revived by the coronation of Charlemagne in 800; the self-described Holy Roman Empire ruled central Europe until 1806. The Renaissance idea that the classical Roman virtues had been lost as a result of medievalism was especially powerful in European politics of the 18th and 19th centuries. Reverence for Roman republicanism
2108-526: The Great in 323 BC. In 510, Spartan troops helped the Athenians overthrow the tyrant Hippias , son of Peisistratos . Cleomenes I , king of Sparta, established a pro-Spartan oligarchy conducted by Isagoras . The Greco-Persian Wars (499–449 BC), concluded by the Peace of Callias ended with not only the liberation of Greece, Macedon , Thrace , and Ionia from Persian rule , but also with
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2176-523: The Greeks. Fathers had great power over their children, and husbands over their wives. In fact, the word family, familia in Latin, actually referred to those who were subject to the authority of a male head of household. This included non-related members such as slaves and servants. By marriage, both men and women shared property. Divorce was allowed first during the first century BC and could be done by either man or woman. The Roman Empire began to weaken as
2244-708: The Ministry of State Treasury. It was the same in Italy before the creation of the united Ministry of Economy. In the Australian federal government a treasurer and a finance minister co-exist. The Department of the Treasury is responsible for drafting the government budget, economic policy (except monetary policy ), some market regulation and revenue policy (which is administered by the Australian Taxation Office ). The Finance Minister, who manages
2312-521: The Senate and had Superbus and the monarchy expelled from Rome in 510 BC. After Superbus' expulsion, the Senate in 509 BC voted to never again allow the rule of a king and reformed Rome into a republican government . The classical period of Ancient Greece corresponds to most of the 5th and 4th centuries BC, in particular, from the end of the Athenian tyranny in 510 BC to the death of Alexander
2380-610: The Treasury . The IRS is the revenue agency of the US Department of the Treasury . In many other countries, the treasury is called the " ministry of finance " and the head is known as the finance minister. Examples include the Bahamas , Bangladesh , Belgium , Spain , Italy , New Zealand , Ghana, Canada , Malaysia , Singapore , India , Japan , the Netherlands , Pakistan and Zimbabwe . In some other countries,
2448-629: The Treasury oversaw 16 agencies. The department works with the Australian Prudential Regulation Authority , the Australian Securities & Investments Commission and the Reserve Bank of Australia via the Council of Financial Regulators Working Group to ensure that market operators have appropriate oversight and to facilitate crisis management if required. The secretary to the Treasury
2516-569: The area by the late 6th-century BC, and at this time, the Italic tribes reinvented their government by creating republics , with greater restraints on the ability of individual rulers to exercise power. According to legend, Rome was founded on 21 April 753 BC by twin descendants of the Trojan prince Aeneas , Romulus and Remus . As the city was bereft of women, legend says that the Latins invited
2584-401: The closing of the last Platonic Academy in Athens by the Eastern Roman emperor Justinian I in 529, and the conquest of much of the Mediterranean by the new Muslim faith from 634 to 718. These Muslim conquests, of Syria (637), Egypt (639), Cyprus (654), North Africa (665), Hispania (718), Southern Gaul (720), Crete (820), and Sicily (827), Malta (870), as well as the sieges of
2652-455: The creation of a new Greek state in 1832. After the capture of Constantinople in 1453, the Russian Czars (a title derived from Caesar) claimed the Byzantine legacy as the champion of Orthodoxy ; Moscow was described as the " Third Rome ", and the Czars ruled as divinely appointed Emperors into the 20th century. Despite the fact that the Western Roman secular authority disappeared entirely in Europe, it still left traces. The Papacy and
2720-494: The cultures of Persia , the Kingdom of Israel and Kingdom of Judah , Central Asia and Egypt . Significant advances were made in the sciences ( geography , astronomy , mathematics , etc.), notably with the followers of Aristotle ( Aristotelianism ). The Hellenistic period ended with the increase of the Roman Republic to a super-regional power during the 2nd century BC and the Roman conquest of Greece in 146 BC. The Republican period of Ancient Rome began with
2788-421: The disappearance of imperial authority in the west. This tendency reached its maximum when Charlemagne was crowned "Roman Emperor" in the year 800, an act which resulted in the formation of the Holy Roman Empire . The notion that an emperor is a monarch who outranks a king dates from this period. In this political ideal, there would always be a Roman Empire, a state the jurisdiction of which extended through
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2856-412: The dominance of Athens in the Delian League , which resulted in conflict with Sparta and the Peloponnesian League , resulting in the Peloponnesian War (431–404 BC), ending with a Spartan victory. Greece began the 4th century with Spartan hegemony , but by 395 BC the Spartan rulers dismissed Lysander from office, and Sparta lost its naval supremacy. Athens , Argos , Thebes and Corinth ,
2924-411: The entire Mediterranean as well as Gaul, parts of Germania and Britannia , the Balkans , Dacia , Asia Minor, the Caucasus , and Mesopotamia . Culturally, the Roman Empire was significantly Hellenized , but also incorporated syncretic "eastern" traditions, such as Mithraism , Gnosticism , and most notably Christianity . Classical Rome had vast differences within their family life compared to
2992-465: The entire civilized western world. That model continued to exist in Constantinople for the entirety of the Middle Ages, where the Byzantine Emperor was considered the sovereign of the entire Christian world. The Patriarch of Constantinople was the Empire's highest-ranked cleric, but even he was subordinate to the emperor, who was "God's Vicegerent on Earth". The Greek-speaking Byzantines and their descendants continued to call themselves " Romioi " until
3060-428: The federation of the six Australian colonies. In 1910, the federal government passed the Australian Notes Act 1910 which gave control over the issue of Australian bank notes to The Treasury and prohibited the circulation of state notes and withdrew their status as legal tender. The Treasury issued notes until 1924, when the responsibility was transferred to the Commonwealth Bank and later to Note Printing Australia ,
3128-433: The final control over the actions of the treasury, particularly if they are not an elected representative. The adjective for a treasury is normally treasurial . The adjective "tresorial" can also be used, but this normally means pertaining to a treasurer . The earliest found artefacts made of silver and gold are from Lake Varna in Bulgaria dated 4250–4000 BC, the earliest of copper are dated 9000–7000 BC. ...And there
3196-425: The fringes of India . The classical Greek period conventionally ends at the death of Alexander in 323 BC and the fragmentation of his empire, which was at this time divided among the Diadochi . Greece began the Hellenistic period with the increasing power of Macedon and the conquests of Alexander the Great . Greek became the lingua franca far beyond Greece itself, and Hellenistic culture interacted with
3264-443: The government of the day to decide whether to accept that analysis or whether to reject that analysis. The department is legally required to provide a Pre-election Economic and Fiscal Outlook containing updated reports on the economic and fiscal outlook shortly after the issuing of a writ for a general federal election. Treasury The head of a treasury is typically known as a treasurer . This position may not necessarily have
3332-451: The grandeur that was Rome". The culture of the ancient Greeks , together with some influences from the ancient Near East , was the basis of art, philosophy, society, and education in the Mediterranean and Near East until the Roman imperial period . The Romans preserved, imitated, and spread this culture throughout Europe, until they were able to compete with it. This Greco-Roman cultural foundation has been immensely influential on
3400-439: The inhabitants of Constantinople continued to refer to themselves as Romans, as did their eventual conquerors in 1453, the Ottomans (see Romaioi and Rûm .) The classical scholarship and culture that was still preserved in Constantinople were brought by refugees fleeing its conquest in 1453 and helped to begin the Renaissance (see Greek scholars in the Renaissance ). Ultimately, it was a slow, complex, and graduated change of
3468-412: The language, politics, law, educational systems, philosophy , science, warfare, literature, historiography, ethics, rhetoric, art and architecture of both the Western , and through it, the modern world. Surviving fragments of classical culture helped produce a revival beginning during the 14th century which later came to be known as the Renaissance , and various neo-classical revivals occurred during
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#17327801863313536-417: The latter two of which were formerly Spartan allies, challenged Spartan dominance in the Corinthian War , which ended inconclusively in 387 BC. Later, in 371 BC, the Theban generals Epaminondas and Pelopidas won a victory at the Battle of Leuctra . The result of this battle was the end of Spartan supremacy and the establishment of Theban hegemony . Thebes sought to maintain its dominance until it
3604-433: The legal situation of individuals). It can be represented by various officials or institutions depending on circumstances and has its own ministry, the Ministry of State Treasury . Historically, it was created in the Crown of the Kingdom of Poland in 1590, when the public treasury (or the Crown Treasury) was split from the Royal Treasury. The government of Ukraine also includes the Ministry of Finance as well as
3672-464: The monarch would be kept in a secure stronghold; the kings of England traditionally used the Tower of London , which also housed the Royal Mint . Latterly gold reserves are held in a country's central bank ; the gold reserves of the United Kingdom are housed in a vault at the Bank of England . The country with the largest gold reserve is the United States ; the US claims to have 8133.5 tons of gold, held at Fort Knox (58%), West Point (20%),
3740-435: The other being the Department of the Attorney-General . The most senior public servant in the Treasury is the department secretary , currently Steven Kennedy who was appointed in September 2019. Ministerial responsibility for the department lies with the Treasurer , currently Jim Chalmers who took office in the Albanese government in May 2022. The Australian Treasury was established in Melbourne in January 1901, after
3808-424: The overthrow of the Monarchy c. 509 BC and lasted more than 450 years until its subversion through a series of civil wars , into the Principate form of government and the Imperial period. During the half millennium of the Republic, Rome increased from a regional power of the Latium to the dominant force in Italy and beyond. The unification of Italy by the Romans was a gradual process, brought about by
3876-451: The settlement had appointed officials and functioned akin to a bank. ... in fact, practically in every city there are banking places for the holy money ... In excavations of Persepolis , a text containing information pertaining to the activities of a temple treasury were discovered dated to the fifth century BC. The texts written in the Elamite language name the treasurer as ganzabara The ancient Roman word aerarium signified
3944-433: The socio-economic structure in European history that resulted in the changeover between classical antiquity and medieval society and no specific date can truly exemplify that. In politics, the late Roman conception of the Empire as a universal state, commanded by one supreme divinely appointed ruler, united with Christianity as a universal religion likewise headed by a supreme patriarch , proved very influential, even after
4012-468: The son-in-law of Servius Tullius , Superbus was of Etruscan birth. It was during his reign that the Etruscans reached their apex of power. Superbus removed and destroyed all the Sabine shrines and altars from the Tarpeian Rock , enraging the people of Rome. The people came to object to his rule when he failed to recognize the rape of Lucretia , a patrician Roman, by his own son. Lucretia's kinsman, Lucius Junius Brutus (ancestor to Marcus Brutus ), summoned
4080-622: The state, as can be seen in the architecture of the Panthéon , the Arc de Triomphe , and the paintings of Jacques-Louis David . During the revolution, France transitioned from kingdom to republic to dictatorship to Empire (complete with Imperial Eagles) that the Romans had experienced centuries earlier. Classical antiquity is a general term for a long period of cultural history . Such a wide sampling of history and territory covers many rather disparate cultures and periods. "Classical antiquity" often refers to an idealized vision of later people, of what was, in Edgar Allan Poe 's words, "the glory that
4148-512: The times of the Ancient Greeks, and more particularly, the Romans. For example, various Roman emperors devoted considerable effort to bring Egyptian obelisks from the Middle East to Rome , or had copies made in Rome itself. In medieval times a number of monarchs had menageries of exotic beasts; Henry III (r.1216-1292) owned three leopards, a polar bear and an African elephant, while emperor Frederick II (r.1220-1250) owned giraffes, cheetahs, lynxes, leopards, exotic birds and an elephant, and had
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#17327801863314216-455: The treasury of the Senate; fiscus indicated the imperial treasury used by the emperor . In the United Kingdom , His Majesty's Treasury is overseen by the Chancellor of the Exchequer . The traditional honorary title of First Lord of the Treasury is held by the prime minister . His Majesty's Revenue and Customs administers the taxation system. In the United States , the Treasurer reports to an executive-appointed Secretary of
4284-443: The victory of King Sargon II in 709 BC over the seven kings of the island, marking an important part of the transfer of Cyprus from Tyrian rule to the Neo-Assyrian Empire . The Archaic period followed the Greek Dark Ages , and saw significant advancements in political theory , and the beginnings of democracy , philosophy , theatre , poetry , as well as the revitalization of the written language (which had been lost during
4352-431: Was Greece , the grandeur that was Rome !" During the 18th and 19th centuries AD, reverence for classical antiquity was much greater in Europe and the United States than it is now. Respect for the ancient people of Greece and Rome affected politics , philosophy , sculpture , literature , theatre , education , architecture , and sexuality . Epic poetry in Latin continued to be written and circulated well into
4420-405: Was also silver weighing many thousands of talents and all the royal treasure amounting to a very great sum... The Greek term thêsauros (treasury) was first used in Classical times to describe the votive buildings erected to house gifts to the gods , such as the Siphnian Treasury in Delphi or many similar buildings erected in Olympia, Greece by competing city-states to impress others during
4488-489: Was emperor Maurice , who reigned until 602. The overthrow of Maurice by his mutinying Danube army commanded by Phocas resulted in the Slavic invasion of the Balkans and the weakening of Balkan and Greek urban culture (resulting in the flight of Balkan Latin speakers to the mountains, see Origin of the Romanians ), and also provoked the Byzantine–Sasanian War of 602–628 in which all the great eastern cities except Constantinople were lost. The resulting turmoil did not end until
4556-438: Was finally ended by the increasing power of Macedon in 346 BC. During the reign of Philip II , (359–336 BC), Macedon expanded into the territory of the Paeonians , the Thracians and the Illyrians . Philip's son, Alexander the Great , (356–323 BC) managed to briefly extend Macedonian power not only over the central Greek city-states but also to the Persian Empire , including Egypt and lands as far east as
4624-437: Was strong among the Founding Fathers of the United States and the Latin American revolutionaries; the Americans described their new government as a republic (from res publica ) and gave it a Senate and a President (another Latin term), rather than use available English terms like commonwealth or parliament . Similarly in Revolutionary and Napoleonic France, republicanism and Roman martial virtues were promoted by
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