Following the Sharebrokers’ Act of 1871, sharebrokers were required to pay a £25 licence fee and provide securities of £1,000. This was to discourage fly-by-nighters from setting up as brokers. John Mowbray, who gained this licence in 1872, was a founder of the Auckland Brokers’ Association and was its chair from 1881 to 1884.
Courtesy of NZX
Using this item
Private collection, David Grant
This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.