The Stock Exchange of Perth or Perth Stock Exchange was a
securities exchange in
Perth
Perth () is the list of Australian capital cities, capital city of Western Australia. It is the list of cities in Australia by population, fourth-most-populous city in Australia, with a population of over 2.3 million within Greater Perth . The ...
, Western Australia, operating from its establishment in July 1889 until it merged with other five Australian securities exchanges into the
Australian Securities Exchange
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...
on 1 April 1987.
An initial meeting of people interested in forming a stock exchange in Perth was held in August 1888, and the inaugural meeting of the Perth Stock Exchange was held on 1 October 1888, with
Alexander Forrest
Alexander Forrest CMG (22 September 1849 – 20 June 1901) was an explorer and surveyor of Western Australia, and later also a member of parliament.
As a government surveyor, Forrest explored many areas of remote Western Australia, particula ...
as its president. 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. At the exchange's first annual meeting, on 7 July 1890,
Henry Saunders was elected as its president.
The
Premier of Western Australia
The premier of Western Australia is the head of government of the state of Western Australia. The role of premier at a state level is similar to the role of the prime minister of Australia at a federal level. The premier leads the executive br ...
,
John Forrest
Sir John Forrest (22 August 1847 – 2 SeptemberSome sources give the date as 3 September 1918 1918) was an Australian explorer and politician. He was the first premier of Western Australia (1890–1901) and a long-serving cabinet minister in ...
, laid the foundation stone for the new building for the Stock Exchange of Perth on 22 October 1896, located at 49
St Georges Terrace
St Georges Terrace (colloquially known as "The Terrace") is the main street in the city of Perth, Western Australia. It runs parallel to the Swan River and forms the major arterial thoroughfare through the central business district.
Its ...
, Perth.
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.
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''.
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
The Australian National University (ANU) is a public university, public research university and member of the Group of Eight (Australian universities), Group of Eight, located in Canberra, the capital of Australia. Its main campus in Acton, A ...
in Canberra.
References
Further reading
* 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
Australian Securities Exchange
Companies based in Perth, Western Australia
St Georges Terrace
1889 establishments in Australia
1987 disestablishments in Australia