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Wednesday, September 15, 2010

Detecting the first stocks in the world

A Dutch student newspaper stocks have found the oldest in the world was released in 1606 by sea trade company Dutch East India.
According to Reuters, these stocks are in the archives of the city neglected Enkhuzen, is stored in the city of Hoorn in the North West region of the Netherlands.


Sheet stock was issued to Mr Pieter Harmensz, a citizen of the city Enkhuzen, the students time to do some of his assistants for mayor there. Harmensz after his death in 1638, his wife and daughters have inherited this stock.


Reuters said the Dutch East India is the largest trading company of the Netherlands in the 17-18 centuries, is also the first company in the world to issue shares. Date on the sheet stock is said to be the world's oldest is dated 9/9/1606. Meanwhile, he has played Harmensz payments contributed 150 guilder (currency of the Netherlands at that time) to receive stocks last.


The Dutch study showed that the Dutch East India has been experiencing some financial difficulties and initial shareholders of the company is not paying dividends. But coming in 1610, due to increasing pressure from shareholders, the Dutch East India has finally paid dividends in cash and spices.


An interesting feature of the journal world's oldest stock is a series of notes, shows that the dividend payment terms until 1650. Coming up, paper stock will be on display at the Museum of the Netherlands Westfries.

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