29-637: The Bermuda Stock Exchange (BSX), established in 1971, is located in Hamilton, Bermuda . The stock exchange 's 2010 'Year End Review' report stated that its aggregate market capitalisation (excluding mutual funds) stood at US$ 319 billion. The exchange specialises in listing and trading of capital market instruments such as stocks , bonds , mutual fund (including hedge fund structures) and depository receipt programs. The BSX has been granted approved stock exchange status under Australia 's Foreign Investment Fund taxation rules, and, effective 1 September 2005
58-421: A business district, with few structures other than office buildings and shops. The City of Hamilton has long maintained a building height and view limit, which states that no buildings may obscure the cathedral. In the 21st century, buildings have been planned and some are under construction that are as high as ten storeys in the area. Bermuda's local newspaper, The Royal Gazette , reports, "If you don't recognise
87-463: A daily newspaper. The name was shortened to The Royal Gazette in 1947. A Sunday edition was started in 1948, which continued until the competing afternoon daily Mid-Ocean News was purchased in 1962 and reduced to a weekly in 1968. The Mid-Ocean News eventually ceased publication in October 2009. The Royal Gazette is owned by The Bermuda Press (Holdings) Ltd which is a publicly traded company on
116-479: A highly developed international business economy; it is an exporter of financial services, primarily insurance, reinsurance, investment funds, and special-purpose vehicles . Finance and international business constitute the largest sector of Bermuda's economy, and virtually all of this business takes place within the borders of Hamilton. Numerous leading international insurance companies are based in Hamilton, as it
145-708: A host of beaches, which provide many opportunities for water sports, including surfing, wind surfing, water skiing, jet skiing, sailing and diving. The highlight of the sports calendar is the Bermuda Gold Cup (or Argo Group Gold Cup as it is known), a sailing event which is a key stage of the World Match Racing Tour , one of only three sailing championships to be sanctioned by the International Sailing Federation (ISAF) with 'Special Event' status. The Argo Cup brings
174-459: A limited permanent population around 854 (2016); however in 2010, 13,340 (40% of Bermuda's working population) worked here on a daily basis. The only incorporated city in Bermuda, Hamilton is smaller than the historic town of St. George's . A more representative measure of Bermuda's local residential populations tends to be by parish. As the offshore domicile of many foreign companies, Bermuda has
203-427: A mermaid and heraldic sea horse (i.e., demi-horse, demi-fish), and is placed on a mount in front of which is a scroll containing the motto "Sparsa Collegit". The shield is topped by a crest featuring a closed helm topped with a torque above which an heraldic seahorse is emerging from the sea holding a flower. The city's full motto is Hamilton sparsa collegit , ("Hamilton has assembled the scattered"). The city's flag
232-442: A port and tourist destination . Its population of 854 (2016) is one of the smallest of any capital city. The history of Hamilton as a British city began in 1790 when the government of Bermuda set aside 145 acres (59 ha) for its future seat, officially incorporated in 1793 by an Act of Parliament, and named for Governor Henry Hamilton . The colony's capital relocated to Hamilton from St George's in 1815. The city has been at
261-411: Is a banner of arms , featuring the same details as on the shield of the city's coat of arms, but with the flowers in white rather than gold. The city of Hamilton has many parks for its size. One of the best known parks in the city is Victoria Park. This park occupies a whole block and was named after Queen Victoria . Other parks in the city are Par La Ville Park, Barr's Park, All Buoy's Point Park, and
290-608: Is a global reinsurance centre . Around 400 internationally owned and operated businesses are physically based in Bermuda, and many are represented by the Association of Bermuda International Companies. In total, over 1,500 exempted or international companies are registered with the Registrar of Companies in Bermuda. The city is the registered headquarters of the spirits manufacturer Bacardi , outsourcing company Genpact , and reinsurance company Tokio Millennium Re Ltd . Hamilton
319-556: Is a great spectator sport. The race takes place only 15m from the shore, and spectators can see the heart of the action. The history of the modern Bermuda Gold Cup event dates back to the very beginning of the match racing style of sailing. The first ' match race ' in a one-design racing yacht, i.e. technically identical boats, was the King Edward VII Gold Cup in Bermuda (now known as the Argo Gold Cup) that
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#1732772998125348-465: Is known as the headquarters of international shipping companies, such as Frontline Ltd. Its low corporate tax rate makes it attractive to US companies. In addition, the corporate headquarters of the Bermuda grocery store chain The MarketPlace is located within the chain's Hamilton MarketPlace location, the largest grocery store in Bermuda. According to Numbeo , Hamilton, Bermuda holds
377-555: Is usually from showers, thunderstorms, and tropical disturbances or even tropical cyclones . Meanwhile, winter precipitation is typically derived from westerly moving extra-tropical cyclones and their associated fronts. Erratic, extended dry spells occasionally develop because of variations in the semi-permanent sub-tropical ridge locally known as the Bermuda-Azores High . Schools in Hamilton: Hamilton has
406-594: The BSX are: This article about stock exchanges is a stub . You can help Misplaced Pages by expanding it . This Bermuda -related article is a stub . You can help Misplaced Pages by expanding it . Hamilton, Bermuda The City of Hamilton , in Pembroke Parish , is the territorial capital of the British Overseas Territory of Bermuda . It is the territory's financial centre and
435-1144: The Cup in its new format was Briggs Cunningham in 1937. He was also the first skipper to win the America's Cup in a 12-Meter racing yacht. All but one route (Route 6) in Bermuda start from the bus terminal in Hamilton. The Royal Gazette (Bermuda) The Royal Gazette is a Bermudian , English-language daily newspaper . Founded in 1828, it is Bermuda's only daily newspaper (not published on Sundays and public holidays). The first issues of The Royal Gazette, Bermuda Commercial and General Advertiser and Recorder were published in January 1828. The company bore no relation to an earlier publication named The Bermuda Gazette and Weekly Advertiser founded by Joseph Stockdale in 1782 nor an earlier Royal Gazette founded by Mr Edmund Ward in 1809. Its founder Donald MacPhee Lee, an immigrant to Bermuda from Prince Edward Island in Canada, served as editor until his death in 1883, whereupon it
464-679: The Most Holy Trinity (Church of England), which was under construction at the time. A Catholic cathedral, St. Theresa's , was later constructed. In 1940, the Royal Navy commissioned a former US Navy destroyer as HMS Hamilton . The 2 November 1940, issue of The Royal Gazette , a newspaper published in the City of Hamilton, reported this in an article titled "NEW" DESTROYER HAS NAME OF HAMILTON: Mayor Here Receives Letter From Her Commander , and began: News has been received here of
493-449: The city, from 15 years ago, we don't blame you as it has changed so much". Hamilton is located on the north side of Hamilton Harbour , and is Bermuda's main port. Although there is a parish of the same name , the city of Hamilton is in the parish of Pembroke . The city is named after Sir Henry Hamilton , governor of the territory from 1786 to 1793. Hamilton Parish antedates the city. The administrative capital of Bermuda, Hamilton, has
522-526: The destroyer Hamilton, one of the 50 destroyers recently acquired by Great Britain from the United States and named in honour of Bermuda's capital. Commander L. M. Shadwell, R.N., who commands the Hamilton, has written to the Mayor of Hamilton, Mr. S. P. Eve, a letter in which he says, "I thought it possible that you might be interested to have news from time to time of the ship which has the honour to bear
551-482: The hidden Cedar Park. Although located some distance north of the geographic tropics, Hamilton has a warm trade-wind tropical rainforest climate ( Af ) bordering on humid subtropical climate ( Cfa ). It is warm enough for coconut palms and other tropical palms to grow, although they may not fruit properly due to the lack of heat or sunshine during the winter months because of latitude. Hamilton has uncharacteristically warm temperatures for its latitude (32°N) because of
580-599: The historic trophy. Hoyt held the Gold Cup for three decades before donating it to the Royal Bermuda Yacht Club and proposing an annual one-on-one match-race series in 6-Meter yachts. In his letter he expressed the propriety of "my returning a British Royal trophy to the custody of your club, with its long record of clean sportsmanship and keenly contested races between your Bermuda yachts and ours of Long Island Sound, and elsewhere..." The first winner of
609-566: The moderating influence of the North Atlantic and nearby Gulf Stream . Hamilton features warm and humid summers and semi-warm "winters". As temperatures are moderated by the Atlantic Ocean, it rarely gets very hot or cold in the city. Precipitation is plentiful throughout the year and Hamilton does not have a dry season month, a month where on average less than 60 mm (2.36 in) of precipitation falls. Summer precipitation
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#1732772998125638-516: The most approved literature of the day and to the best original compositions that can be obtained within the Colony." From 1900 the paper was published twice a week. The Royal Gazette Company Limited was formed after the newspaper was bought by Mr John Foggo Eve from the Lee family in 1904. Following an amalgamation with the competing Colonist newspaper in 1921, The Royal Gazette and Colonist Daily became
667-405: The name of your city." The article went on to mention that the Mayor was to open a fund to supply the crew of the ship with newspapers and included the text of Shadwell's letter. In February 17th, 1975, Queen Elizabeth II made an visit on city hall along with Prince Philip, in the course of world tour on the construction of the structure. Today, the city overlooking Hamilton Harbour is primarily
696-698: The political and military heart of Bermuda ever since. Government buildings include the parliament building, the Government House to the north, the former Admiralty House of the Royal Navy to the west (both in Pembroke), and the British Army garrison headquarters at Prospect Camp to its east. The Town of Hamilton became a city in 1897, ahead of the consecration in 1911 of the Cathedral of
725-459: The record for the highest cost of living index in the world with the cost of living rate in Hamilton being at 138.01 as of 2023. The coat of arms of the city of Hamilton incorporate a shield featuring a golden sailing ship, representing the Resolution , surrounded by three cinquefoils , two above the ship and one below, also in gold, all on a plain blue background. This shield is supported by
754-643: The world's best match-racing sailors (including world champions and Olympic sailors) to Bermuda for five days of one-on-one 'match racing'. Points accrued during the event contribute to the World Match Racing Tour and ultimately a chance to race in the final event, the Monsoon Cup in Malaysia. The winner of that is crowned ISAF World Match Racing Champion. Unlike many water-based sports, which occur too far out to view from shore, 'match racing'
783-529: Was first sailed in 1937. The Argo Gold Cup is still a key event in the World Match Racing Tour calendar. The King Edward VII Cup itself was originally given at the Tri-Centenary Regatta at Jamestown, Virginia , in 1907, by King Edward VII in commemoration of the 300th Anniversary of the first permanent settlement in America. C. Sherman Hoyt won that regatta, and was the first sailor to accept
812-545: Was granted designated investment exchange status by the United Kingdom 's Financial Services Authority . The unique four symbol alphanumeric Market Identifier Code (MIC) used to identify the BSX as defined under ISO 10383. of the International Organization for Standardization (ISO) is: XBDA . In 2019, Miami International Holdings acquired a majority stake in BSX. The securities listed on
841-504: Was operated by his son and later his daughter. Part commercial printer and part newspaper, the company acquired its Royal title serving as the 'King's Printer' in Bermuda and as publisher of official notices. The first issue of The Royal Gazette included a statement that "The pages of the Royal Gazette will never be profaned by the scandals of private malice or the bitterness of party contention; but will be devoted to extracts from
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