Story: Stock market

New Zealand Banking Company

New Zealand Banking Company

This report from the New Zealand Gazette and Wellington Spectator on 2 May 1840 tells of the meeting that launched the first offering of shares in New Zealand. The shares were in the New Zealand Banking Company. Two thousand of the 5,000 shares were offered for sale in Sydney where they were all taken up within two days. The founders of the company were prominent townsmen of Kororāreka (later Russell) in the Bay of Islands.

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National Library of New Zealand, Papers Past
Reference: New Zealand Gazette and Wellington Spectator, 2 May 1840, p. 3

Permission of the National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Grant, 'Stock market - First stock exchanges', Te Ara - the Encyclopedia of New Zealand, (accessed 10 August 2022)

Story by David Grant, published 11 Mar 2010