The Stock Exchange of Perth or Perth Stock Exchange was a securities exchange in Perth, Western Australia, operating from its establishment in July 1889 until it merged with other five Australian securities exchanges into the Australian Securities Exchange on 1 April 1987.[1]
 | |
| Type | Stock exchange |
|---|---|
| Location | Perth, Australia |
| Coordinates | 31°57′20″S 115°51′32″E / 31.955597°S 115.858762°E |
| Founded | July 1889 |
| Closed | March 1987 |
An initial meeting of people interested in forming a stock exchange in Perth was held in August 1888,[2] and the inaugural meeting of the Perth Stock Exchange was held on 1 October 1888, with Alexander Forrest as its president.[3] High entrance fees were stated as the reason why a second stock exchange in Perth was formed the following year, in July 1889, the Stock Exchange of Perth, with Hector Rason as its president.[4] At the exchange's first annual meeting, on 7 July 1890, Henry Saunders was elected as its president.[5]
The Premier of Western Australia, John Forrest, laid the foundation stone for the new building for the Stock Exchange of Perth on 22 October 1896,[6] located at 49 St Georges Terrace, Perth.[7][8][9]
In 1937, the Australian Associated Stock Exchanges was established. It originally consisted of the stock exchanges in Adelaide, Brisbane, Hobart and Sydney, with the Melbourne and Perth ones joining later. In 1972, the Australian exchanges adopted a uniform listing standard.[1]
In 1977, the Stock Exchange of Perth, in cooperation with the Education Department of Western Australia, introduced the share market game into schools, known as Capitaliser.[1]
Official records of the Stock Exchange of Perth are held by the J S Battye Library in Perth and the Noel Butlin Archives Centre at the Australian National University in Canberra.[10]
References
edit- ^ a b c "ASX story". www.asx.com.au. Australian Securities Exchange. Retrieved 6 September 2024.
- ^ "The Perth Stock Exchange", The Australian Advertiser, 31 August 1888, retrieved 6 September 2024
- ^ "The Perth Stock Exchange", Western Mail, 6 October 1888, retrieved 6 September 2024
- ^ "A New Stock Exchange", The Australian Advertiser, 8 July 1889, retrieved 6 September 2024
- ^ "The Stock Exchange of Perth", The Daily News, 7 July 1890, retrieved 6 September 2024
- ^ "Stock Exchange of Perth - The New Building", The Daily News, 22 October 1896, retrieved 6 September 2024
- ^ "The Stock Exchange Buildings, 49 St Georges Tce, Perth, 1913. Houses the Perth Stock Exchange and the Commonwealth Bank as well as other businesses, 1913". purl.slwa.wa.gov.au. State Library of Western Australia. 1913. Retrieved 6 September 2024.
- ^ "Stock Exchange of Perth in the Stock Exchange Buildings, 49 St Georges Terrace, Perth, 1901". purl.slwa.wa.gov.au. State Library of Western Australia. 1901. Retrieved 6 September 2024.
- ^ "The Stock Exchange Buildings in St. Georges Terrace", Western Mail, 15 August 1913, retrieved 6 September 2024
- ^ "Deposit N198 - Stock Exchange of Perth records". archivescollection.anu.edu.au. Australian National University. Retrieved 6 September 2024.
Further reading
edit- Adamson, Graeme.(1989) Miners and millionaires : the first one hundred years of the people, markets and companies of the stock exchange in Perth, 1889-1989 Perth, W.A : Australian Stock Exchange (Perth) Limited. ISBN 1-875262-00-8