152-646: Gympie Stock Exchange is a heritage-listed former bank building and former stock exchange at 236 Mary Street, Gympie , Gympie Region , Queensland , Australia. It was designed by Francis Drummond Greville Stanley and built from 1881 to 1882. It is also the former Australian Joint Stock Bank and the Neilson, Stanton and Parkinson Building. It was added to the Queensland Heritage Register on 15 April 2011. The former Australian Joint Stock Bank (AJSB) and later Gympie Stock Exchange building
304-583: A Platanus occidentalis (buttonwood tree) in New York City , as 24 stockbrokers signed the Buttonwood Agreement , agreeing to trade five securities under that buttonwood tree. Bombay Stock Exchange was started by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, five stock brokers gathered together under a Banyan tree in front of Mumbai Town Hall, where Horniman Circle
456-884: A raid on the Queensland Government Printing Office , with the aim of confiscating copies of Hansard that covered debates in the Queensland Parliament where anti-conscription sentiments had been aired. Russian immigration took place in the years 1911–1914. Many were radicals and revolutionaries seeking asylum from tsarist political repression in the final chaotic years of the Russian Empire ; considerable numbers were Jews escaping state-inspired pogroms. They had fled Russia via Siberia and Northern China, most making their way to Harbin , in Manchuria , then taking passage from
608-532: A triumphal arch erected in Queen Street . In May that year, the Duke of Cornwall and York (later King George V ) laid the foundation stone of St John's Cathedral , one of the great cathedrals of Australia . The University of Queensland was founded in 1909 and first sited at Old Government House , which became vacated as the government planned for a larger residence. Fernberg House , built in 1865, became
760-589: A Turrbal culture organisation claims that historical documents suggest that the Turrbal peoples were the only traditional owners of Brisbane when British settlers first arrived. Archaeological evidence suggests frequent habitation around the Brisbane River, and notably at the site now known as Musgrave Park . The rivers were integral to life and supplied an abundance of food included fish, shellfish, crab, and prawns . Good fishing places became campsites and
912-498: A brick was thrown into the motel room and police took action to clear the road and consequently disproportionate violence was used against demonstrators. In the lead up to the 1980s Queensland fell subject to many forms of censorship. In 1977 things had escalated from prosecutions and book burnings, under the introduction of the Literature Board of Review, to a statewide ban on protests and street marches. In September 1977
1064-557: A building near the Town Hall until 1928. The present site near Horniman Circle was acquired by the exchange in 1928, and a building was constructed and occupied in 1930. The street on which the site is located came to be called Dalal Street in Hindi (meaning "Broker Street") due to the location of the exchange. On 31 August 1957, the BSE became the first stock exchange to be recognized by
1216-500: A central location such as the floor of the exchange or by using an electronic system to process financial transactions. To be able to trade a security on a particular stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communication networks , which give them advantages of increased speed and reduced cost of transactions. Trade on an exchange
1368-598: A counterculture focused on the University of Queensland , street marches and Brisbane punk rock music. In 1971, the touring Springboks were to play against the Australian Rugby team. This was met with plans for protests due to the growing international and local opposition to apartheid in South Africa. However, before their arrival Bjelke-Petersen declared a state of emergency for a month, citing
1520-626: A cry for "bread or blood", rioted and attempted to ransack the Government store . The City Botanic Gardens were originally established in 1825 as a farm for the Moreton Bay penal settlement , and were planted by convicts in 1825 with food crops to feed the prison colony. In 1855, several acres was declared a Botanic Reserve under the Superintendent Walter Hill , a position he held until 1881. Some trees planted in
1672-658: A destination of interstate migration. Some of Brisbane's popular landmarks were lost to development in controversial circumstances, including the Bellevue Hotel in 1979 and Cloudland in 1982. Major public works included the Riverside Expressway , the Gateway Bridge , and later, the redevelopment of South Bank . Starting with the monumental Robin Gibson -designed Queensland Cultural Centre , with
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#17327982501941824-434: A draft lobby consisting of a pair of exterior timber paneled doors with an arched fanlight and a pair of interior glazed timber doors on pivoting hinges. These swing doors are notable for the decorative brass, timber and glass handles. The flanking arched openings accommodate large double-hung timber sash windows. The draft lobby opens into the banking chamber with the manager's office and the bank vault opening off this to
1976-496: A final burst of production at Gympie, which was followed by a 60% decrease in production between 1903 and 1913 as the three major Queensland goldfields (Charters Towers, Gympie and Mt Morgan) declined simultaneously. A treatment process for mine tailings that used cyanide had provided Gympie a record yield in 1899. The Gympie field passed through its most profitable period from 1901 to 1906 and in 1903 recorded an output of 146,000 fine ounces (surpassing Mount Morgan that year). After 1906
2128-444: A good example of a masonry structure in the classical style combining a banking chamber and office. Its siting with other important gold-related buildings in upper Mary Street, high above the gold diggings, illustrates the prominence of banks in the gold mining town of Gympie. Its intactness is demonstrated in its planning, room volumes, joinery, and strong room. Designed by the respected and prolific architect, FDG Stanley in 1881–82,
2280-668: A group of financial corporations announced plans to open a members owned exchange, MEMX , an ownership structure similar to the mutual organizations of earlier exchanges. In the 19th century, exchanges were opened to trade forward contracts on commodities . Exchange traded forward contracts are called futures contracts . These commodity markets later started offering future contracts on other products, such as interest rates and shares, as well as options contracts. They are now generally known as futures exchanges . Lists : Brisbane Brisbane ( / ˈ b r ɪ z b ən / BRIZ -bən , Turrbal : Meanjin )
2432-617: A handsome portico". Andrew Collins was contracted as the builder and the building cost approximately £ 1,400. The bank's architect, FDG Stanley, arrived to Queensland in 1861 and was employed by the Lands and Works Department in the Queensland Colonial Architect 's office from 1863 until 1881. The last eight years of his service were as Colonial Architect and as such he was the longest-serving of all Queensland's Colonial Architects. His principal building in this capacity
2584-420: A hastily established mining settlement, the early makeshift structures of the 1860s gradually gave way to more permanent and substantial public and private buildings from the mid-1870s. With the change to deep reef mining from 1875, came the need for extensive capital investment through the formation of companies using foreign as well as local capital. During 1881, mines began yielding large amounts of gold, marking
2736-421: A heavy brown metal plate to the inner face. The vault comprises an arch concrete roof supported by thick brick walls. The manager's office has an early fireplace with a decorated timber mantelpiece and cast iron grate and side cheeks. The basement accommodates a storage vault where brick piers , brick foundation walls and the sandstone foundations of the vault above are visible. The timber-framed floor above
2888-582: A massive scale. This growth in gold- mining shares led to the formation of the Gympie Stock Exchange for their trading. Other goldfield stock exchanges were established at Charters Towers and Ravenswood . The Gympie Stock Exchange specialised completely in mining. During its existence it competed with its Brisbane counterpart (also established in July 1884) - providing facilities for the transfer of shares of Gympie mining companies. The existence of
3040-471: A new era of wealth and prosperity for Gympie as an intensive phase of underground reef mining began, facilitated by the injection of capital into mining companies for machinery and employees. The influx of money and the resultant yield of gold were reflected in the redevelopment of upper Mary Street during the 1880s and 1890s with substantial commercial buildings such as banks and company secretary and brokers' offices. Several fires – in 1877, 1881 and 1891 – razed
3192-662: A peninsula of the Brisbane River about 15 km (9 mi) from its mouth at Moreton Bay . Brisbane is located in the hilly floodplain of the Brisbane River Valley between Moreton Island and the Taylor and D'Aguilar mountain ranges . It sprawls across several local government areas , most centrally the City of Brisbane . The demonym of Brisbane is Brisbanite . The Moreton Bay penal settlement
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#17327982501943344-471: A permit. You won't get one. That's government policy now." In response to this, protesters came up with the idea of Phantom Civil Liberties Marches where protesters would gather and march until the police and media arrived. They would then disperse, and gather together again until the media and police returned, repeating the process over and over again. The end of the Bjelke-Petersen era began with
3496-467: A popular mode of public transport until the network was closed in 1969, in part the result of the Paddington tram depot fire . Between 1968 and 1987, Queensland was governed by Bjelke-Petersen, whose government was characterised by social conservatism , police corruption , and the brutal suppression of protest and has been described as a police state . However, during this time Brisbane developed
3648-509: A report by the World Federation of Exchanges (WFE) , stock exchanges contribute to economic growth by enabling companies to access long-term capital, thereby fostering innovation and job creation. While stock exchanges are not designed to be platforms for the redistribution of wealth, they play a significant role in allowing both casual and professional stock investors to partake in the wealth generated by profitable businesses. This
3800-412: A separate timber building, erected by Pointer and Stewart for £ 229 at the rear of the former bank and accessed by a laneway on the lower (left-hand-side) of the building. The Stock Exchange offices and its newly formed club were housed in the former bank building. The formation of the Gympie Stock Exchange had resulted from the increase in the production of gold at Gympie through deep reef mining. During
3952-409: A stock exchange, a company is required to adhere to a set of rules and regulations established by the exchange itself. These regulations serve as a framework for corporate governance, financial transparency, and accountability, thereby ensuring that listed companies operate in a manner that is conducive to investor confidence and market stability. By imposing these standards, stock exchanges contribute to
4104-447: A substantial settlement of brick and stone buildings, complete with school and hospital. He formed additional outstations and made several important journeys of exploration. Logan became infamous for his extreme use of the cat o' nine tails on convicts. The maximum allowed limit of lashes was 50; however, Logan regularly applied sentences of 150 lashes. During this period raids on maize fields were conducted by local Aboriginal groups in
4256-544: A tent and often landed ashore, thus bestowing upon the future Brisbane City the distinction of being the only Australian capital city visited by its namesake. Chief Justice Forbes gave the new settlement the name of Edenglassie before it was named Brisbane . The penal settlement under the control of Captain Patrick Logan (Commandant from 1826 to 1830) flourished, with the numbers of convicts increasing dramatically from around 200 to over 1,000 men. He developed
4408-418: A wide and varied scope of owners, companies generally tend to improve management standards and efficiency to satisfy the demands of these shareholders and the more stringent rules for public corporations imposed by public stock exchanges and the government. This improvement can be attributed in some cases to the price mechanism exerted through shares of stock, wherein the price of the stock falls when management
4560-611: Is a more accurate and appropriate Aboriginal name for Brisbane. Aboriginal groups claiming traditional ownership of the area include the Yagara , Turrbal and Quandamooka peoples. Brisbane is home to the land of a number of Aboriginal language groups, primarily the Yagara language group which includes the Turrbal language . The city is also known as Meanjin , a Turrbal word that originally referred to land on which parts of
4712-598: Is a single storey rendered brick building in the classical style, plus a basement. Located in upper Mary Street, Gympie, it was designed by leading Queensland colonial architect Francis Drummond Greville Stanley and built in 1881-1882 for the Australian Joint Stock Bank as its permanent Gympie branch. Between 1902 and circa 1922 it functioned as the Gympie Stock Exchange Offices and Club. Gympie (initially known as Nashville)
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4864-441: Is achieved through the distribution of dividends and the potential for stock price increases leading to capital gains. As a result, individuals who invest in stocks have the opportunity to share in the prosperity of successful companies, effectively participating in a form of wealth redistribution through their investment activities. Thus, while not the primary purpose of stock exchanges, the opportunity for individuals to benefit from
5016-413: Is built to the front property boundary. The building is sheltered by a hipped roof clad with metal sheeting which is screened by a decorative balustraded parapet . A brick chimney with cornice banding rises through the roof on the western side of the building. The temple front comprises moulded square columns in an implied Doric order forming a timber floored entrance colonnade running across
5168-414: Is considered poor (making the firm vulnerable to a takeover by new management) or rises when management is doing well (making the firm less vulnerable to a takeover). In addition, publicly listed shares are subject to greater transparency so that investors can make informed decisions about a purchase. Consequently, it is alleged that public companies (companies that are owned by shareholders who are members of
5320-489: Is important in demonstrating the evolution or pattern of Queensland's history. The former Australian Joint Stock Bank (AJSB) building (1882)-and the important gold-era precinct of which it is a part-is physical evidence of the evolution of Gympie gold mining, which was a major economic contributor to the wealth of Queensland for nearly 60 years from 1867. As Gympie gold production continued and evolved from alluvial to shallow reef mining to deep reef mining from 1875, this change
5472-471: Is in the neo-classical style befitting an organisation wishing to project stability, reliability and longevity. After seeing the plans, the building was described by the Gympie Times as "a very handsome brick building of two - or more correctly speaking - of one storey and a basement. The lower portion will be used as a record room, and the upper floor adapted for offices etc, the front being adorned with
5624-748: Is little consensus among scholars as to when corporate stock was first traded. Some view the key event as the Dutch East India Company 's founding in 1602, while others point to much earlier developments (Bruges, Antwerp in 1531 and in Lyon in 1548). The first book in history of securities exchange, the Confusion of Confusions, was written by the Dutch-Jewish trader Joseph de la Vega and the Amsterdam Stock Exchange
5776-497: Is not limitless (it was approximately $ 15 million in 2001 for a biotechnology company). Another alternative source of cash for a private company is a corporate partner, usually an established multinational company, which provides capital for the smaller company in return for marketing rights, patent rights, or equity. Corporate partnerships have been used successfully in a large number of cases. When people draw their savings and invest in shares (through an initial public offering or
5928-580: Is now situated. A decade later, the brokers moved their location to another leafy setting, this time under banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location, the one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875. The Bombay Stock Exchange continued to operate out of
6080-612: Is often considered the oldest "modern" securities market in the world. On the other hand, economist Ulrike Malmendier of the University of California at Berkeley argues that a share market existed as far back as ancient Rome , that derives from Etruscan "Argentari". In the Roman Republic , which existed for centuries before the Empire was founded, there were societates publicanorum , organizations of contractors or leaseholders who performed temple-building and other services for
6232-676: Is one of Australia's most popular tourist destinations and is Australia's most biodiverse and greenest city . South Bank and its extensive parklands is the most visited tourist landmark in Australia, with over 14 million visitors every year. Other major landmarks and precincts of the city include the Queensland Cultural Centre (including the Queensland Art Gallery , the Gallery of Modern Art ,
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6384-475: Is open to both the large and small stock investors as minimum investment amounts are minimal. Therefore, the stock exchange provides the opportunity for small investors to own shares of the same companies as large investors. Governments at various levels may decide to borrow money to finance infrastructure projects such as sewage and water treatment works or housing estates by selling another category of securities known as bonds . These bonds can be raised through
6536-405: Is restricted to brokers who are members of the exchange. In recent years, various other trading venues such as electronic communication networks, alternative trading systems and " dark pools " have taken much of the trading activity away from traditional stock exchanges. Initial public offerings of stocks and bonds to investors is done in the primary market and subsequent trading is done in
6688-463: Is the capital and largest city of the state of Queensland and the third-most populous city in Australia and Oceania , with a population over 2.7 million. Brisbane lies at the centre of South East Queensland , an urban agglomeration with a population of approximately 4 million which includes several other regional centres and cities. The central business district is situated within
6840-523: Is the usual way that derivatives and bonds are traded. Increasingly, stock exchanges are part of a global securities market. Stock exchanges also serve an economic function in providing liquidity to shareholders in providing an efficient means of disposing of shares. In recent years, as the ease and speed of exchanging stocks over digital platforms has increased, volatility in the day-to-day market has increased, too. The beginnings of lending were in Italy in
6992-430: Is unlined. Facebrick arched brick lintels are above internal openings which accommodate pairs of timber paneled doors. Early metal bars are located on the inner face of the timber sash windows which have been sealed. The former Australian Joint Stock Bank and former Gympie Stock Exchange offices and club was listed on the Queensland Heritage Register on 15 April 2011 having satisfied the following criteria. The place
7144-597: The "Queensland heritage register boundaries" published by the State of Queensland under CC-BY 3.0 AU licence (accessed on 5 September 2014, archived on 15 October 2014). [REDACTED] Media related to Gympie Stock Exchange at Wikimedia Commons Stock exchange A stock exchange , securities exchange , or bourse is an exchange where stockbrokers and traders can buy and sell securities , such as shares of stock , bonds and other financial instruments . Stock exchanges may also provide facilities for
7296-546: The Alternext , CAC Small , SDAX , TecDAX ). Alternative investment funds refer to funds that include hedge funds, venture capital, private equity, angel funds, real estate, commodities, collectibles, structured products , etc. Alternative investment funds are an alternative to traditional investment options (stocks, bonds, and cash). Companies have also raised significant amounts of capital through R&D limited partnerships . Tax law changes that were enacted in 1987 in
7448-659: The Brisbane City Council . A significant year for Brisbane was 1930, with the completion of Brisbane City Hall , then the city's tallest building and the Shrine of Remembrance , in ANZAC Square , which has become Brisbane's main war memorial. These historic buildings, along with the Story Bridge which opened in 1940, are key landmarks that help define the architectural character of the city. Following
7600-751: The City Botanic Gardens , Victoria Park , Roma Street Parkland , New Farm Park , the Mount Coot-tha Botanic Gardens , the Brisbane Riverwalk , Moreton Bay , Moreton Island and D'Aguilar National Park . Brisbane is named after the Brisbane River , which in turn was named after Sir Thomas Brisbane , the governor of New South Wales from 1821 to 1825. The name is derived from the Scottish Gaelic bris , meaning ' to break or smash ' and
7752-637: The Corn Field Raids of 1827-1828 . These groups destroyed and plundered the maize fields in South Bank and Kangaroo Point , with the possible motive of extracting compensation from the settlers or warning them not to expand beyond their current area. Between 1824 and 1842, almost 2,400 men and 145 women were detained at the Moreton Bay convict settlement under the control of military commandants. However, non-convict European settlement of
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#17327982501947904-664: The Fitzgerald Inquiry of 1987 to 1989, a judicial inquiry presided over by Tony Fitzgerald investigating Queensland Police corruption . The inquiry resulted in the resignation of Premier Bjelke-Petersen, the calling of two by-elections, the jailing of three former ministers and the Police Commissioner Terry Lewis (who also lost his knighthood ). It also contributed to the end of the National Party of Australia 's 32-year run as
8056-607: The Gallery of Modern Art in 2006, and the Kurilpa Bridge in 2009, the world's largest hybrid tensegrity bridge. Brisbane also hosted major international events including the final Goodwill Games in 2001, the Rugby League World Cup final in 2008 and again in 2017, as well as the 2014 G20 Brisbane summit . Population growth has continued to be among the highest of the Australian capital cities in
8208-697: The Indian Government under the Securities Contracts Regulation Act. Construction of the present building, the Phiroze Jeejeebhoy Towers at Dalal Street , Fort area , began in the late 1970s and was completed and occupied by the BSE in 1980. Initially named the BSE Towers , the name of the building was changed soon after occupation, in memory of Sir Phiroze Jamshedji Jeejeebhoy , chairman of
8360-515: The Old English word ban meaning ' bone ' . Popular nicknames for Brisbane Brissie , Brisvegas , "Brizzie" and the River City . Brisbane sits on indigenous land known also as Meanjin , the name used in the Turrbal language of one group of traditional owners . Meanjin means ' place shaped as a spike ' , referencing the shape of the Brisbane River along
8512-494: The Port of Brisbane , Australia's third-busiest airport and seaport. A diverse city with over 36% of its metropolitan population being foreign-born, Brisbane is frequently ranked highly in lists of the most liveable cities . Brisbane has hosted major events including the 1982 Commonwealth Games , World Expo 88 , the 2001 Goodwill Games , the 2014 G20 summit , and will host the 2032 Summer Olympics and Paralympics . Brisbane
8664-568: The Queensland Government introduced a ban on all street protests, resulting in a statewide civil liberties campaign of defiance. This saw two thousand people arrested and fined, with another hundred being imprisoned, at a cost of almost five million dollars to the State Government. Bjelke-Petersen publicly announced on 4 September 1977 that "the day of the political street march is over ... Don't bother to apply for
8816-651: The Queensland Museum , the State Library of Queensland and the Queensland Performing Arts Centre ), Brisbane City Hall , the Story Bridge , Howard Smith Wharves , Queen's Wharf , St John's cathedral , and Mount Coot-tha Lookout . Much of Brisbane's inner-city neighbourhoods are also characterised by its historic Queenslander architecture . Brisbane is also known for its extensive parks and outdoor attractions including
8968-661: The Queensland National Bank , Australian Joint Stock Bank , the Union Bank of Australia , the Anglican Church and the merchants DL Brown and Co, for whom he designed substantial buildings throughout the colony. His buildings in Gympie include the former Gympie Post Office and St Patrick's Catholic Church . Stanley has been described as "the best known of all Queensland's early architects because of
9120-725: The Queensland Parliament built in 1867. The 1880s brought a period of economic prosperity and a major construction boom in Brisbane, that produced an impressive number of notable public and commercial buildings. John James Clark was appointed Queensland Government Architect in 1883, and continuing in Tiffin's design for public buildings, asserted the propriety of the Italian Renaissance, drawing upon typological elements and details from conservative High Renaissance sources. Building in this trace of intellectualism, Clark designed
9272-715: The Red Flag riots , were waged throughout Brisbane. The most notable incident occurred on 24 March 1919, when a crowd of about 8,000 ex-servicemen clashed violently with police who were preventing them from attacking the Russian Hall in Merivale Street, South Brisbane , which was known as the Battle of Merivale Street. Over 20 small municipalities and shires were amalgamated in 1925 to form the City of Brisbane, governed by
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#17327982501949424-410: The São Paulo Stock Exchange (2007). The Shenzhen Stock Exchange and Shanghai Stock Exchange can be characterized as quasi-state institutions insofar as they were created by government bodies in China and their leading personnel are directly appointed by the China Securities Regulatory Commission . Another example is Tashkent Stock Exchange established in 1994, three years after the collapse of
9576-507: The Treasury Building in 1886, and the Yungaba Immigration Centre in 1885. Other major works of the era include Customs House in 1889, and the Old Museum Building completed in 1891. Fort Lytton was constructed in 1882 at the mouth of the Brisbane river, to protect the city against foreign colonial powers such as Russia and France , and was the only moated fort ever built in Australia. The city's slum district of Frog's Hollow , named so for its location being low-lying and swampy,
9728-767: The seasoned equity offering of an already listed company), it usually leads to rational allocation of resources because funds, which could have been consumed, or kept in idle deposits with banks, are mobilized and redirected to help companies' management boards finance their organizations. This may promote business activity with benefits for several economic sectors such as agriculture, commerce and industry, resulting in stronger economic growth and higher productivity levels of firms. Companies view acquisitions as an opportunity to expand product lines , increase distribution channels, hedge against volatility , increase their market share , or acquire other necessary business assets . A takeover bid or mergers and acquisitions through
9880-456: The secondary market . A stock exchange is often the most important component of a stock market . Supply and demand in stock markets are driven by various factors that, as in all free markets , affect the price of stocks (see stock valuation ). There is usually no obligation for stock to be issued through the stock exchange itself, nor must stock be subsequently traded on an exchange. Such trading may be off exchange or over-the-counter . This
10032-544: The stock indexes can be an indicator of the general trend in the economy. Stock exchanges offer employment opportunities to various individuals such as jobbers and other members who perform activities within the stock exchange. This makes the stock exchange a source of employment, not only for investors but also for the members and their employees. The diverse range of roles within the stock exchange, including trading, analysis, compliance, and administrative functions, creates an ecosystem of employment opportunities that support
10184-508: The stock market is one of the simplest and most common ways for a company to grow by acquisition or fusion. By going public and listing on a stock exchange, companies gain access to a broader pool of investors, which can provide the necessary funds for expansion, research and development, and other growth initiatives. Additionally, being listed on a stock exchange enhances a company's visibility and credibility, making it more attractive to potential partners, customers, and employees. According to
10336-439: The 1880s and 1890s Gympie was Queensland's second and then third biggest gold producer (after Mt Morgan gold production overtook it in 1887). During this period gold production contributed between 21.61 and 35.53 percent of Queensland's export income. The increase in production led to an upsurge in company formation because the industry was also the major capital-using sector of the colonial economy and so adopted company formation on
10488-433: The Americas were overblown. In London, Parliament passed the Bubble Act , which stated that only royally chartered companies could issue public shares. In Paris, Law was stripped of office and fled the country. Stock trading was more limited and subdued in subsequent decades. Yet the market survived, and by the 1790s shares were being traded in the young United States. On May 17, 1792, the New York Stock Exchange opened under
10640-571: The BSE share which is traded in NSE only closed with ₹999. Stock exchanges have multiple roles in the economy. This may include the following: Besides the borrowing capacity provided to an individual or firm by the banking system , in the form of credit or a loan, a stock exchange provides companies with the facility to raise capital for expansion through selling shares to the investing public. Capital intensive companies, particularly high tech companies, typically need to raise high volumes of capital in their early stages. For this reason,
10792-400: The BSE since 1966, following his death. In 1986, the BSE developed the S&P BSE SENSEX index, giving the BSE a means to measure the overall performance of the exchange. In 2000, the BSE used this index to open its derivatives market, trading S&P BSE SENSEX futures contracts. The development of S&P BSE SENSEX options along with equity derivatives followed in 2001 and 2002, expanding
10944-505: The BSE's trading platform. Historically an open outcry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system developed by Cmc ltd . in 1995. It took the exchange only 50 days to make this transition. This automated, screen-based trading platform called BSE On-Line Trading (BOLT) had a capacity of 8 million orders per day. Now BSE has raised capital by issuing shares and as on 3 May 2017
11096-563: The Brisbane region commenced in 1838 and the population grew strongly thereafter, with free settlers soon far outstripping the convict population. German missionaries settled at Zions Hill, Nundah as early as 1837, five years before Brisbane was officially declared a free settlement. The band consisted of ministers Christopher Eipper (1813–1894), Carl Wilhelm Schmidt , and lay missionaries Haussmann, Johann Gottried Wagner, Niquet, Hartenstein, Zillman, Franz, Rode, Doege and Schneider. They were allocated 260 hectares and set about establishing
11248-565: The Duke of York's clan in Victoria Park in 1846 and 1849 by British soldiers of the 11th Regiment , however the clan had been wrongfully targeted as the attacks on Brisbane had not been committed by the Turrbal themselves but other tribes farther north. In 1855, Dundalli , a prominent leader during the conflict, was captured and executed by hanging at the present site of the GPO . In 1862,
11400-538: The Gardens were among the first of their species to be planted in Australia, including the jacaranda and poinciana . Charles Tiffin was appointed as Queensland Government Architect in 1859, and pursued an intellectual policy in the design of public buildings based on Italianate and Renaissance revivalism , with such buildings as Government House , the Department of Primary Industries Building in 1866, and
11552-461: The Gympie Stock Exchange Offices and Club (1902-circa1922). The place demonstrates rare, uncommon or endangered aspects of Queensland's cultural heritage. As the premises of the Gympie Stock Exchange Offices and Club from 1902 to circa1922, the former AJSB building demonstrates a building type that has always been uncommon in Queensland and remains so. It is a rare surviving remnant of one of
11704-553: The ISIN system is used worldwide by funds, companies, and governments. However, when poor financial, ethical or managerial records become public, stock investors tend to lose money as the stock and the company tend to lose value. In the stock exchanges, shareholders of underperforming firms are often penalized by significant share price decline, and they tend as well to dismiss incompetent management teams. As opposed to other businesses that require huge capital outlay, investing in shares
11856-649: The Mining Exchange Hotel (now the RSL Club). At its meeting on 25 February 1902 the Committee of the Gympie Stock Exchange resolved to offer £ 1,600 for the AJSB Ltd premises on the following terms: £ 400 cash, the balance in instalments of £ 150 pa with 5% added for interest. The purchasers were to have the right to pay larger instalments and the bank was to retain the deeds of the property until it
12008-607: The Pineapple rebellion. During World War II, Brisbane became central to the Allied campaign, since it was the northernmost city with adequate communications facilities. From July 1942 to September 1944, AMP Building (now called MacArthur Central ) was used as the headquarters for South West Pacific Area under General MacArthur. MacArthur had previously rejected use of the University of Queensland complex as his headquarters, as
12160-678: The Soviet Union, mainly state-owned but has a form of a public corporation ( joint-stock company ). Korea Exchange (KRX) owns 25% less one share of the Tashkent Stock Exchange. In 2018, there were 15 licensed stock exchanges in the United States, of which 13 actively traded securities. All of these exchanges were owned by three publicly traded multinational companies, Intercontinental Exchange , Nasdaq, Inc. , and Cboe Global Markets , except one, IEX . In 2019,
12312-633: The Stock Exchange in Gympie, in the heart of the goldfield, kept many shares away from Brisbane and, in addition, aided the development of company formation in Gympie. The volume of sales of Gympie shares on the Brisbane Stock Exchange rarely exceeded that on the Gympie Exchange. Substantial changes in the Queensland mining sector occurred between 1899 and 1913. Gold production in Queensland peaked in 1903, due largely to
12464-515: The United States changed the tax deductibility of investments in R&;D limited partnerships. In order for a partnership to be of interest to investors today, the cash on cash return must be high enough to entice investors. A general source of capital for startup companies has been venture capital . This source remains largely available today, but the maximum statistical amount that the venture company firms in aggregate will invest in any one company
12616-529: The Woolstore precinct as well as the development of South Bank Parklands . Brisbane was impacted by major floods in January 2011 and February 2022 . The Brisbane River did not reach the same height as the previous 1974 flood on either occasion, but caused extensive disruption and damage to infrastructure. The Queensland Cultural Centre was also expanded, with the completion of the State Library and
12768-399: The area that Brisbane CBD now straddles. A contemporary Turrbal organisation has also suggested it means ' the place of the blue water lilies ' . Local Elder Gaja Kerry Charlton posits that Meanjin is based on a European understanding of ' spike ' , and that the phonetically similar Yagara name Magandjin — after the native tulipwood trees ( magan ) at Gardens Point —
12920-538: The bay, which he named after James Douglas, 14th Earl of Morton , misspelled as "Moreton". Matthew Flinders initially explored the Moreton Bay area on behalf of the British authorities. On 17 July 1799, Flinders landed at present-day Woody Point , which he named Red Cliff Point after the red-coloured cliffs visible from the bay. In 1823 the Governor of New South Wales, Sir Thomas Brisbane, gave instructions for
13072-538: The book described a market that was sophisticated but also prone to excesses, and de la Vega offered advice to his readers on such topics as the unpredictability of market shifts and the importance of patience in investment. In England, the Dutch King William III sought to modernize the kingdom's finances to pay for its wars, and thus the first government bonds were issued in 1693 and the Bank of England
13224-507: The capital. Old Government House was constructed in 1862 to house Sir George Bowen's family, including his wife, the noblewoman Diamantina, Lady Bowen di Roma . During the tenure of Lord Lamington , Old Government House was the likely site of the origin of Lamingtons . During the War of Southern Queensland , Indigenous attacks occurred across the city, committing robberies and terrorising unarmed residents. Reprisal raids took place against
13376-454: The city are built, or as Magandjin , a Yagara word referring to the tulipwood tree . Aboriginal Australians have lived in coastal South East Queensland for at least 22,000 years, with an estimated population between 6,000 and 10,000 individuals before European settlement in the 1820s. Aboriginal groups claiming traditional ownership of the area include the Yagara , Turrbal and Quandamooka peoples. A website representing
13528-505: The city which helped shake this stigma. In 1955, Wickham Terrace was the site of a terrorist incident involving shootings and bombs, by the German immigrant Karl Kast . Despite steady growth, Brisbane's development was punctuated by infrastructure problems. The state government under Joh Bjelke-Petersen began a major program of change and urban renewal, beginning with the central business district and inner suburbs. Trams in Brisbane were
13680-479: The company has demonstrated credibility and potential from successful outcomes: clinical trials, market research, patent registrations, etc. This shift in market expectations has led to an increased reliance on private equity and venture capital funding in the early stages of high-tech companies. This is quite different from the situation of the 1990s to early-2000s period, when a number of companies (particularly Internet boom and biotechnology companies) went public in
13832-400: The concept of stability that financial institutions of this era sought to convey through their buildings' architecture. [REDACTED] This Misplaced Pages article was originally based on "The Queensland heritage register" published by the State of Queensland under CC-BY 3.0 AU licence (accessed on 7 July 2014, archived on 8 October 2014). The geo-coordinates were originally computed from
13984-425: The corners and is smooth-rendered masonry with a paint finish. The elevation is composed of three arched openings comprising a central entrance flanked by large double hung timber sash windows . A moulded cornice gives unity to the elevation. The side elevations of the building are red facebrick and the building is separated from the adjacent buildings by narrow pedestrian lanes. The central front entrance comprises
14136-433: The current city heart: Barambin or York's Hollow camp (today's Victoria Park ) and Woolloon-cappem ( Woolloongabba / South Brisbane ), also known as Kurilpa . These camping grounds continued to function well into colonial times, and were the basis of European settlement in parts of Brisbane. In 1770, British navigator James Cook sailed through South Passage between the main offshore islands leading to
14288-541: The death of King George V in 1936, Albert square was widened to include the area which had been Albert Street, and renamed King George Square in honour of the King. An equestrian statue of the king and two Bronze Lion sculptures were unveiled in 1938. In 1939, armed farmers marched on the Queensland Parliament and stormed the building in an attempt to take hostage the Queensland Government led by Labor Premier William Forgan Smith , in an event that became known as
14440-522: The decline that had set in at Gympie in 1904 began to accelerate. This downturn in gold production forced the eventual closure of the Stock Exchange c. 1922 . Despite this closure the Stock Exchange Club continued in this location at 236 Mary Street until 1923 when the premises were sold. On 5 July 1923 Gympie solicitor Frederick Barker Sykes purchased the Gympie Stock Exchange site for £ 1,000. The Gympie Stock Exchange call room
14592-458: The development of a new northern penal settlement , and an exploration party commanded by John Oxley further explored Moreton Bay in November 1823. Oxley explored the Brisbane River as far as Goodna , 20 km (12 mi) upstream from the present-day central business district of Brisbane. He also named the river after the governor of the time. Oxley also recommended Red Cliff Point for
14744-612: The distinctive bends in the river at St Lucia could have aided enemy bombers. Also used as a headquarters by the American troops during World War II was the T & G Building . About one million US troops passed through Australia during the war, as the primary co-ordination point for the South West Pacific. Wartime Brisbane was defined by the racial segregation of African American servicemen, prohibition and sly grog , crime, and jazz ballrooms . In 1942, Brisbane
14896-486: The earlier timber buildings and accelerated this transformation. A fire in August 1881 destroyed all of the buildings between Patterson's brick store and the Bank of New South Wales (242 Mary Street), leading to construction of more permanent masonry buildings in western side of upper Mary Street. One new building was that of the Australian Joint Stock Bank constructed during 1881 and 1882. The Australian Joint Stock Bank
15048-403: The early pine floor boards are intact below. The original rear doors are intact and consist of a pair of timber paneled doors to the east side and a single timber paneled door to the west. The foyer accommodates part of the ornate carved and paneled front counter. The thick vault door has a fine timber paneled door with original hardware including brass handle to the chamber face and is lined with
15200-526: The end of 1840, Robert Dixon had begun work on the first plan of Brisbane Town, in anticipation of future development. The Roman Catholic church erected the Pugin Chapel in 1850, to the design by the gothic revivalist Augustus Pugin . Letters patent dated 6 June 1859, proclaimed by Sir George Ferguson Bowen on 10 December 1859, separated Queensland from New South Wales, whereupon Bowen became Queensland's first governor, with Brisbane chosen as
15352-405: The first stage the Queensland Art Gallery completed in 1982, the Queensland Performing Arts Centre in 1985, and the Queensland Museum in 1986. Brisbane hosted the 1982 Commonwealth Games and World Expo 88 . These events were accompanied by a scale of public expenditure, construction, and development not previously seen in the state of Queensland. Brisbane's population growth far exceeded
15504-595: The first sugarcane plantation in Queensland was established near Brisbane by Captain Louis Hope and John Buhôt . In 1864, the Great Fire of Brisbane burned through the central parts of the city, destroying much of Queen Street. The 1860s were a period of economic and political turmoil leading to high unemployment, in 1866 hundreds of impoverished workers convened a meeting at the Treasury Hotel , with
15656-820: The first two decades of the 21st century, and major infrastructure including the Howard Smith Wharves , Roma Street Parklands , Queens Wharf , the Brisbane Riverwalk , the Queen's Wharf casino and resort precinct, the Brisbane International Cruise Terminal, the Clem Jones , Airport Link , and Legacy Way road tunnels, and the Airport , Springfield , Redcliffe Peninsula and Cross River Rail railway lines have been completed or are under construction. Brisbane will host
15808-461: The focus of group activities. The district was defined by open woodlands with rainforest in some pockets or bends of the Brisbane River. Being a resource-rich area and a natural avenue for seasonal movement, Meanjin and the surrounding areas acted as a way station for groups travelling to ceremonies and spectacles. The region had several large (200–600 person) seasonal camps, the biggest and most important located along waterways north and south of
15960-445: The former AJSB building is a good example of Stanley's regional bank architecture. The place is important because of its aesthetic significance. The former AJSB building has aesthetic significance for its architectural qualities, expressed in the craftsmanship and detailing of the joinery and finishes, and for its streetscape value through its form, scale and design. These qualities complement other surviving 19th century buildings in
16112-406: The four stock exchanges (in Brisbane, Gympie, Charters Towers and Ravenswood) that operated during the 19th century while Queensland was a significant gold-producer. The place is important in demonstrating the principal characteristics of a particular class of cultural places. The former AJSB building is important in demonstrating the principal characteristics of a regional bank of its era, being
16264-432: The front elevation . The columns support a plain entablature with a heavy moulded cornice. The projecting central entrance is flanked by twinned round and square columns supporting a plain entablature and crowned with a plain pediment . Decorative wrought iron balustrading runs between the square columns and a two-leaf decorative wrought iron gate marks the entrance. The front elevation is defined by square pilasters to
16416-441: The general public and trade shares on public exchanges) tend to have better management records than privately held companies (those companies where shares are not publicly traded, often owned by the company founders, their families and heirs, or otherwise by a small group of investors). Despite this claim, some well-documented cases are known where it is alleged that there has been considerable slippage in corporate governance on
16568-487: The governing political party in Queensland. In 1973, the Whiskey Au Go Go nightclub in the city's entertainment district , was firebombed that resulted in 15 deaths, in what is one of Australia's worst mass killings . The 1974 Brisbane flood was a major disaster which temporarily crippled the city, and saw a substantial landslip at Corinda . During this era, Brisbane grew and modernised, rapidly becoming
16720-551: The government. One such service was the feeding of geese on the Capitoline Hill as a reward to the birds after their honking warned of a Gallic invasion in 390 B.C. Participants in such organizations had partes or shares, a concept mentioned various times by the statesman and orator Cicero . In one speech, Cicero mentions "shares that had a very high price at the time". Such evidence, in Malmendier's view, suggests
16872-529: The importance of the tour. This did not stop the protest however with violent clashes between protestors and police erupting when several hundred demonstrators assembled outside a Brisbane motel on Thursday, 22 July 1971, where the Springbok team was staying. A second protest saw a large number of demonstrators assembled once more outside the Tower Mill Motel and after 15 minutes of peaceful protest,
17024-566: The instruments were tradable, with fluctuating values based on an organization's success. The societas declined into obscurity in the time of the emperors, as most of their services were taken over by direct agents of the state. Tradable bonds as a commonly used type of security were a more recent innovation, spearheaded by the Italian city-states of the late medieval and early Renaissance periods. Joseph de la Vega , also known as Joseph Penso de la Vega and by other variations of his name,
17176-411: The issue and redemption of such securities and instruments and capital events including the payment of income and dividends . Securities traded on a stock exchange include stock issued by listed companies , unit trusts , derivatives , pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at
17328-442: The late Middle Ages. In the 14th century, Venetian lenders would carry slates with information on the various issues for sale and meet with clients, much like a broker does today. Venetian merchants introduced the principle of exchanging debts between moneylenders ; a lender looking to unload a high-risk, high-interest loan might exchange it for a different loan with another lender. These lenders also bought government debt issues. As
17480-520: The major stock exchanges have demutualized , where the members sell their shares in an initial public offering . In this way the mutual organization becomes a corporation, with shares that are listed on a stock exchange. Examples are Australian Securities Exchange (1998), Euronext (merged with New York Stock Exchange), NASDAQ (2002), Bursa Malaysia (2004), the New York Stock Exchange (2005), Bolsas y Mercados Españoles , and
17632-727: The mission, which became known as the German Station. Later in the 1860s many German immigrants from the Uckermark region in Prussia as well as from other German regions settled in the areas of Bethania , Beenleigh and the Darling Downs . These immigrants were selected and assisted through immigration programs established by Rev Dr John Dunmore Lang and Johann Christian Heussler and were offered free passage, good wages, and selections of land. Scottish immigrants from
17784-468: The most prominent stock exchanges around the world in the total absence of sales, earnings, or any type of well-documented promising outcome. Though it is not as common, it still happens that highly speculative and financially unpredictable hi-tech startups are listed for the first time in a major stock exchange. Additionally, there are smaller, specialized entry markets for these kind of companies with stock indexes tracking their performance (examples include
17936-418: The national average in the last two decades of the 20th century, with a high level of interstate migration from Victoria and New South Wales. In the late 1980s Brisbane's inner-city areas were struggling with economic stagnation, urban decay and crime which resulted in an exodus of residents and business to the suburban fringe, in the early 1990s the city undertook an extensive and successful urban renewal of
18088-621: The natural evolution of their business continued, the lenders began to sell debt issues to the first individual investors. The Venetians were the leaders in the field and the first to start trading securities from other governments, yet did not embark on private trade with India. Nor did the Italians connect on land with the Chinese Silk Road . Along the potential overland trade route, Holy Roman Emperor Frederick II repulsed advances by Mongol Batu Kahn ( Golden Horde ) in 1241. There
18240-538: The new colony, reporting that ships could land at any tide and easily get close to the shore. The convict settlement party landed in Redcliffe on 13 September 1824 formally establishing the Moreton Bay Penal Settlement that would become Brisbane. The party was under the command of Lieutenant Henry Miller and consisted of 14 soldiers (some with wives and children) and 29 convicts. However,
18392-417: The operations and functions of the exchange. Additionally, the stock exchange's role in facilitating capital formation and investment in businesses also indirectly contributes to job creation and economic growth, making it a significant player in the employment landscape. The stock exchange plays a role in regulating companies by exerting a significant influence on their management practices. To be listed on
18544-432: The original building, although additions have been made to the rear of the building. The former Gympie Stock Exchange, a single storey (with basement) masonry building with an elegant temple front, stands in upper Mary Street in Gympie's central business area. The early part of the building stands to the front of the site and a latter addition to the rear is not considered to be of cultural heritage significance. The building
18696-628: The overall integrity and reliability of the financial markets, fostering an environment where companies are held accountable for their actions and decisions, ultimately benefiting both investors and the broader economy. Each stock exchange imposes its own listing requirements upon companies that want to be listed on that exchange. Such conditions may include minimum number of shares outstanding, minimum market capitalization, and minimum annual income. The listing requirements imposed by some stock exchanges include: Stock exchanges originated as mutual organizations , owned by its member stockbrokers. However,
18848-873: The part of some public companies, particularly in the cases of accounting scandals . The policies that led to the dot-com bubble in the late 1990s and the subprime mortgage crisis in 2007–08 are also examples of corporate mismanagement. The mismanagement of companies such as Pets.com (2000), Enron (2001), One.Tel (2001), Sunbeam Products (2001), Webvan (2001), Adelphia Communications Corporation (2002), MCI WorldCom (2002), Parmalat (2003), American International Group (2008), Bear Stearns (2008), Lehman Brothers (2008), General Motors (2009) and Satyam Computer Services (2009) all received plenty of media attention. Many banks and companies worldwide utilize securities identification numbers ( ISIN ) to identify, uniquely, their stocks, bonds and other securities. Adding an ISIN code helps to distinctly identify securities and
19000-563: The port of Dalian to Townsville or Brisbane, the first Australian ports of call. Following the First World War , conflict arose between returned servicemen of the First Australian Imperial Force and socialists along with other elements of society that the ex-servicemen considered to be disloyal toward Australia. Over the course of 1918–1919, a series of violent demonstrations and attacks known as
19152-412: The principal when the bonds mature. At the stock exchange, share prices rise and decreases depending, largely, on economic forces. Share prices tend to rise or remain stable when companies and the economy in general show signs of stability and growth. A recession , depression , or financial crisis could eventually lead to a stock market crash . Therefore, the movement of share prices and in general of
19304-439: The public market provided by the stock exchanges has been one of the most important funding sources for many capital intensive startups . In the 1990s and early 2000s, hi-tech listed companies experienced a boom and bust in the world's major stock exchanges. Since then, it has been much more demanding for the high-tech entrepreneur to take his/her company public, unless either the company is already generating sales and earnings, or
19456-603: The quality, diversity and extent of his work". Although bank architecture projected stability and reliability, these could not be provided in 1893 when Queensland suffered its worst banking collapse and eight of its eleven banks temporarily ceased trading, including the AJSB. It suspended trading from April to July when it reopened as a limited liability bank, namely, the Australian Joint Stock Bank Limited (AJSB Ltd). The property at 236 Mary Street
19608-640: The sale, the Gympie Stock Exchange Club moved to Smithfield Chambers on the opposite side of Mary Street, where the club remained until c. 1963 when its closure occurred due to a declining active membership. The former bank and stock exchange building continued in the ownership of the Sykes family until 1976 when it was sold to Neilson, Stanton and Parkinson - another firm of solicitors. These owners report that only minor changes have been made to accommodate their firm's operations in
19760-399: The same year, with the city receiving more than a year's rainfall during February 1893, leaving much of the city's population homeless. In 1896, the Brisbane river saw its worst maritime disaster with the capsize of the ferry Pearl , between the 80–100 people on board there were only 40 survivors. When the colonies federated in 1901, celebrations were held in Brisbane to mark the event, with
19912-501: The settlers abandoned this site after a year and moved to an area on the Brisbane River now known as North Quay, 28 km (17 mi) south, which offered a more reliable water-supply. The newly selected Brisbane region was plagued by mosquitoes at the time. After visiting the Redcliffe settlement, Sir Thomas Brisbane then travelled 45 km (28 mi) up the Brisbane River in December 1824. Governor Brisbane stayed overnight in
20064-470: The ship Fortitude arrived in Brisbane in 1849, enticed by Lang on the promise of free land grants. Denied land, the immigrants set up camp in York's Hollow waterholes in the vicinity of today's Victoria Park , Herston , Queensland. A number of the immigrants moved in and settled the suburb, naming it Fortitude Valley after the ship on which they arrived. Free settlers entered the area from 1835, and by
20216-691: The state separated from New South Wales . By the late 19th century, the city had grown into a major port and centre of immigration. During World War II , the Allied command in the South West Pacific was based in the city, along with the headquarters for General Douglas MacArthur of the United States Army. Brisbane is a global centre for research and innovation and is a transportation hub, being served by large rail , bus and ferry networks, as well as Brisbane Airport and
20368-440: The stock exchange whereby members of the public buy them, thus loaning money to the government. The issuance of such bonds can obviate, in the short term, direct taxation of citizens to finance development—though by securing such bonds with the full faith and credit of the government instead of with collateral, the government must eventually tax citizens or otherwise raise additional funds to make any regular coupon payments and refund
20520-500: The street, particularly other banks also entered in the Queensland Heritage Register including the nearby former Bank of New South Wales. The important and substantially intact gold-era precinct, of which this building is a valuable part, comprises a harmonious streetscape of late Victorian commercial buildings dating from the 1880s and 1890s. Its balanced classical design, often associated with banks, projects
20672-470: The success of businesses can be seen as a form of wealth redistribution within the financial markets. Both casual and professional stock investors , as large as institutional investors or as small as an ordinary middle-class family , through dividends and stock price increases that may result in capital gains , share in the wealth of profitable businesses. Unprofitable and troubled businesses may result in capital losses for shareholders. By having
20824-513: The temporary residence in 1910, and later made the permanent government house. In 1912, Tramway employees were stood down for wearing union badges which sparked Australia's first general strike , the 1912 Brisbane General Strike , which became known as Black Friday, for the savagery of the police baton charges on crowds of trade unionists and their supporters. In 1917, during World War I , the Commonwealth Government conducted
20976-715: The west. The rear section is organized off a central corridor with two rooms opening to the west and a single room to the east. Internal openings are generous with wide timber paneled doors some with glazed pivoting fanlights. The south opening to the manager's office accommodates a glazed timber paneled door. Generous timber skirting boards , skirting blocks and architraves are throughout. Walls are lined with plaster and ceilings with fibrous cement sheeting with timber cornice and cover strips. Much early door and window hardware survives including brass door handles and plates, porcelain fingerplates , doorknobs , key plates , hinges and locks. Floors are generally lined with recent carpet but
21128-410: Was acting in effect as France's central banker. Investors snapped up shares in both, and whatever else was available. In 1720, at the height of the mania, there was even an offering of "a company for carrying out an undertaking of great advantage, but nobody to know what it is". By the end of that same year, share prices had started collapsing, as it became clear that expectations of imminent wealth from
21280-401: Was an Amsterdam trader from a Spanish Jewish family and a prolific writer as well as a successful businessman in 17th-century Amsterdam. His 1688 book Confusion of Confusions explained the workings of the city's stock market . It was the earliest book about stock trading and inner workings of a stock market, taking the form of a dialogue between a merchant, a shareholder and a philosopher,
21432-594: Was both the red light district of colonial Brisbane and its Chinatown , and was the site of prostitution , sly grog , and opium dens . In 1888, Frog's Hollow was the site of anti-Chinese riots, where more than 2000 people attacked Chinese homes and businesses. In 1893 Brisbane was affected by the Black February flood , when the Brisbane River burst its banks on three occasions in February and again in June in
21584-610: Was established after the discovery of gold in the Mary River district in October 1867. The new goldfield turned Queensland into a significant gold producer, contributing much needed finances to the young colony. Thousands of people arrived at the Gympie goldfield in the months after the discovery and a fledgling settlement emerged. In a year the alluvial gold had been exhausted and shallow reef mining commenced. As Gympie evolved from
21736-464: Was established with the discovery of gold in southern colonies in 1852 and opened branches on Queensland goldfields as they were discovered, including a branch at the Gympie goldfield on 10 March 1868. By 1878 the AJSB wished to establish a permanent branch in the town and purchased two adjacent town allotments (allotments 5 and 6, Section A) for this purpose in late October and early November 1878. The building designed for this site by architect FDG Stanley
21888-467: Was founded in 1824 at Redcliffe as a place for secondary offenders from the Sydney colony , and soon moved to North Quay in 1825 on the banks of the Brisbane River, so named for British army general and Governor of New South Wales Sir Thomas Brisbane . German Lutherans established the first free settlement of Zion Hill at Nundah in 1838, and in 1859 Brisbane was chosen as Queensland's capital when
22040-462: Was fully paid for. At its next meeting on 5 March 1902, the offer having been accepted, the chairman of the committee was empowered to complete the purchase of the AJSB Ltd premises. The committee met again on 12 March to consult with architect Hugo Durietz regarding alterations to the premises. These additions and alterations were undertaken in May and June 1902. They included the Stock Exchange call room,
22192-653: Was posting regular lists of stock and commodity prices. Those lists mark the beginning of the London Stock Exchange . One of history's greatest financial bubbles occurred around 1720. At the center of it were the South Sea Company , set up in 1711 to conduct English trade with South America, and the Mississippi Company , focused on commerce with France's Louisiana colony and touted by transplanted Scottish financier John Law , who
22344-446: Was reflected in the erection of more permanent and elaborate buildings in the town centre. The former AJSB building was one of these permanent commercial buildings. The former AJSB building is important in demonstrating the vital role of financial institutions in the process of wealth creation and distribution on Queensland goldfields when as a bank branch (1882-1902) it converted enormous amounts of gold into cash and later in its role as
22496-478: Was removed c. 1923 . It was divided into two sections. One of these was moved to Mothar Mountain where it became the home of Professor Edward Sykes (son of FB Sykes; Professor of Law at the University of Queensland and later at the University of Melbourne ) and was later destroyed by fire. The other portion was relocated to the north-west of the Cooroy railway station goods' shed, where it remains. After
22648-480: Was set up the following year. Soon thereafter, English joint-stock companies began going public. London's first stockbrokers, however, were barred from the old commercial center known as the Royal Exchange, reportedly because of their rude manners. Instead, the new trade was conducted from coffee houses along Exchange Alley . By 1698, a broker named John Castaing, operating out of Jonathan's Coffee House ,
22800-828: Was the Supreme Court Building in Brisbane (demolished). Thereafter Stanley worked in private practice until his death in 1897. His work was prolific and he produced many important buildings including the Queensland National Bank in Brisbane, the Holy Trinity Church and Rectory in Fortitude Valley , the Queensland Club in Brisbane and the Brisbane General Post Office . Among his regular clients were
22952-513: Was the site of a violent clash between visiting US military personnel and Australian servicemen and civilians, which resulted in one death and hundreds of injuries. This incident became known colloquially as the Battle of Brisbane . Post-war Brisbane had developed a big country town stigma, an image the city's politicians and marketers were very keen to remove. In the late 1950s, an anonymous poet known as The Brisbane Bard generated much attention to
23104-496: Was transferred to this institution and the bank continued to operate from this building in Mary Street until its closure on 17 January 1902. Shortly thereafter the premises were sold to the Gympie Stock Exchange which retained the premises until 1923. From its inception on 10 July 1884, with 127 members and 60 companies listed, the Gympie Stock Exchange had occupied a building on the opposite side of upper Mary Street adjacent to
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