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BHP (Broken Hill Proprietary) is a well‐known Australian public company with issued shares. The term proprietary is normally used to indicate a private company (that is, belonging to a proprietor or proprietors), as in ‘Pty Ltd’. When BHP changed from a private to a public company, it obtained special exemption to retain ‘proprietary’ in the name because ‘BHP’ was so widely recognised by Australians.

Starting With Shares

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