Kōrero: Stock market

Sharebroker's licence, 1872

Sharebroker's licence, 1872

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 chairman from 1881 to 1884.

Courtesy of NZX

Te whakamahi i tēnei tūemi

Private collection, David Grant

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Te tuhi tohutoro mō tēnei whārangi:

David Grant, 'Stock market - First stock exchanges', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/ephemera/23667/sharebrokers-licence-1872 (accessed 20 February 2020)

He kōrero nā David Grant, i tāngia i te 11 Mar 2010