ORDER XXIII.—COMMERCIAL, FINANCE, AND INSURANCE OCCUPATIONS (excluding Clerks)

Sub-order 2.—Persons Employed in Finance and Insurance

799.—Other Finance and Insurance Occupations

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agent, enquiry; commercial enquiry agent, mercantile agent

on behalf of subscribers, conducts enquiries privately into financial status and business reputation of subscribers' prospective customers; reports to clients results of enquiries.

agent, income tax recovery

undertakes for clients recovery from Inland Revenue Department of excess payments made on account of income or other taxes and duties.

agent, mortgage

deals in mortgages on land and buildings; buys from mortgagee and sells at profit; may act as mortgage broker (q.v.)

arbitragist ; arbitrage broker

on behalf of his employers, purchases securities, e.g. stocks and shares, bills, bullion, foreign currencies, on one stock exchange or centre and immediately sells them on another exchange where higher price is ruling, to obtain difference between respective prices; sometimes specifically designated, e.g. bullion arbitragist, foreign exchange arbitragist, stock arbitragist.

average adjuster, average stater

computes liabilities of marine insurance companies and underwriters (793) for losses falling on policies of marine insurance; and calculates and adjusts liabilities inter se of parties to a maritime adventure, i.e. shipowner and cargo owners, for contributions to general average and salvage; has considerable knowledge of marine insurance law, of maritime law and of computation.

bill discounter

discounts approved bills of exchange for holder, i.e. pays amount promised before date due, less an arranged discount, payee transferring right of collection to discounter.

book debt buyer

buys from creditors, in return for an arranged proportion of sums due, rights to collect certain debts, trusting to recoup himself through amounts which he may be able to recover from debtors.

broker, arbitrage

see arbitragist.

broker, bill; discount broker

acts on commission basis as agent for discounting of bills of exchange between holder and bill discounter; sometimes himself acts as bill discounter (q.v.).

broker, exchange ; money dealer

arranges purchase and sale of foreign currencies, chiefly on behalf of banks, but sometimes acting for large firms, actual payment, however, being made direct from buyer to seller; has knowledge of ruling currency prices and locates where definite amounts of money can be purchased; receives brokerage commission for his services.

broker, mortgage

arranges mortgages on landed or other properties, receiving commission (brokerage) for his services.

collector of seamen's notes

collects seamen's advance notes from tradesmen, to whom they have been tendered in exchange for goods or services, pays their value at a discount, and cashes them at shipowner's pay office.

company liquidator

a chartered or incorporated accountant appointed by meeting of creditors, by Chancery Division, High Court, or by County Court to take over business of a company in voluntary liquidation.

company promotor

acts as agent for proprietors of a business or enterprise in making all preliminary arrangements for flotation of a limited company; sometimes acquires an interest in an enterprise requiring capital for development and floats a limited company as a speculation.

financier

general term denoting anyone engaged in financial transactions, banking on a large scale, company promoting, etc.

money changer ; money dealer

exchanges money of one country for that of another at current rate of exchange less small percentage as fee.

money dealer

(i) see money changer;

(ii) see broker, exchange.

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From: A Dictionary of Occupational Terms Based on the Classification of Occupations used in the Census of Population, 1921,
Ministry of Labour, 1927. Digitised by Peter Christian, August, 2016.   This text is in the Public Domain.