Andrzej Tarlecki Another Old Story: Compositional Property-oriented Semantics for Structured Specifications Working in an arbitrary institution, we discuss property-oriented semantics of specifications built using some collection of specification-building operations. As a typical example we consider the structured specifications built from flat specifications using union, translation and hiding. For such specifications we have the standard compositional proof system, which determines the standard property-oriented semantics assigning a theory to each structured specification. It is not complete (unless the underlying logic has interpolation and enjoys some other technical properties) but otherwise it is "as good as can be expected". In particular, it is sound, monotone (and hence compositional) and one-step complete. The last property means that the semantics (and the corresponding proof system) allows us to deduce all true consequences for specifications built by applying any specification-building operation to argument specifications, assuming that there is no discrepancy between the classes of models of the argument specifications and the classes of models of their respective property-oriented meanings. This is a strong property which was believed to ensure that the semantics is "as strong as possible" without loosing soundness or compositionality. We question this claim and show that it holds assuming in addition that the semantics considered are not "absent-minded", i.e., do not loose axioms of flat specifications. We sketch an example to show that by excluding deduction of some axioms in flat specifications we may offer a stronger rule for natural specification-building operation so that for some specifications the resulting semantics is stronger than the standard one.