Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2152, 30 March 1908, Page 3

DO NOT THROW CHANCE'S AWAY. TF YOU Di 51 RE AN INVESTMENT WHICH IS HONEST, SAFE, AND A PROF TABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. LISSANT CLAYTON CAN FIND IT FOR YOU. S“ HEEP RUNS OR MO OWN T> ROPERTUSS. QOUND gHARE JN VESTMENTS. OR JpiRE J^NSURANCE. QUR JjIURNITURE gCTANDS THE rpRUE rjTEST OF rjllME. GRUNDY iND SHENNAN HAVE REMOVED into Commodious Premises in ANDREWS’ BUILDINGS (next door to their old warehouse), and aro now in a 7 position to Supply Every Conceivablo Variety of HIGH-CLASS FURNITURE. TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUR BARGAINS IN— J^INOLEUMS, R UGS T JgLINDS, APF.STRIES, ETC., ETC. The Best. Testimonial for our Work is that our Trado is ever increasing, and this is because our Furniture is made to stand rjTHE rjTEST OF FJIIME. ESTIMATES GIVEN FREE FOR ANY CLASS OF WORK. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. Telephone No." 288. GLADSTONE ROAD, GISB ORNE. Telephone No. 288."

THE GASH TAILOR. ADOLF ZACHARIAH, WAIT FOR FURTHER NOTICE!! ! GLADSTONE ROAD, GISBORNE. PROSPECTUS OF GRUNDY & SHENNAN, i LIMITED. . 1 ' 1. Directors:—• l ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing Director FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSSI3OTHAM, of Gisborne, Tailor CHARLES DANIEL MALCOLM ROSIE, of Gisborne, Draper ROBERT ROBERTSON,'of Gisborne, Clothier THOMAS CORSON, of Gisborne, Agent Interim Secretary, C. J. PI ESSE, Public Accountant, Adair’s Buildings, Gisborne. 2. The objects and powers of the Company are set out in the Memorandum of Association, a copy of which can be obtained from the Secretary. • / 3. The Capital of the Company is £5,000, divided into 5,000 shares of £1 each. 4. Of the above-mentioned shares 1,800 shares, representing 1,800 of the Company’s nominal capital, are to be issued and credited as paid-up in full, in part consideration of the sale to the Company, particulars of which are given in paragraph No. 6 hereof; such further shares as may be necessary to satisfy the balance of consider atio’n for such sale as may be found to be due shall be issued and credited as fully paid up on the ascertainment of such consideration as provided in such contract of' sale. A further 2,000 shares,are now offered to tl.o public for subscription, to be paid a-s follows: Five shillings per share on application Five shillings per share on allotment, And the balance by calls of 5s per share at periods of not less than three months’ interval. - 5. The minimum subscription on which the Directors may proceed to allotment is 1,000 shares, 6. This Company has been formed for the following purposes:— , (1) To acquire and carry on the business of Messrs Grundy and Sliennan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. j. / , x. . \ (2) To acquire and undertake the whole or any part of the business, goodwill, assets, property, rights, or undertaking of any person, firm, or company carrying on or having power to carry on aiiy business as Cabinetmakers, Upholsterers,- Carpet Salesmen, Furniture Warehousemen, or the like, which this Company has power to carry on under its Memora nduiu of Association. (3) And, as set'out in the Memorandum of Association, a copy whereof* forms part of this Prospectus. 7. The names and addresses of the Vendors of the said business of Grundy and Shennan, being the property now proposed to be purchased or acquired by the Company, are:— ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. 8. The amount to be paid to the said Ernest Grundy and Geo'rge Vincent Shennan, as such Vendors, is the sum of £3OO for the goodwill of the said business and the leasehold property of Messrs Grundy and Shennan, to be paid in 300 fully paid-up shares in the said Company, and a further sum representing the stocn-in-trade, plant, book debts, and furniture belonging to the said firm of Grundy and Shennan, to bo ascertained by a valuation to be made as at the date when the Company shall be entitled to commence business, is to bo paid to the said Ernest Grundy and George Vincent Shennan for such stock-in-trade, plant, book debts, and furniture. Such consideration shall be paid to the Vendors in the following proportions, namely:—For the goodwill, leasehold properties, stock-in-trade, plant, furniture, and book debts, as at the 30th day of June, 1907, in the proportion of twenty-two forty-sevent lis to the said Ernest Grundy, and twenty-five forty-sevenths to the said George Vincent Shennan, and for any increased value in the said business since the said 30th day of June, 1907. up to the date when the Company is entitled to commence business, in the proportion of three-fifths to the said Ernest Grundy and two-fifths to the said George Vincent Shennan. , 9. The preliminary expenses of and incidental to the formation and establishment of the Company and • until the Company shall be entitled to commence business are estimated to amount to £SO, arid will be borne by the Company. , 10. The Company has agreed to pay a commission at the rate of £5 per centum on all shares subscribed in lots of 200 or under, and £2£ per cent, on all shares subscribed in lots of more than 200. 11. Mr. Ernest Grundy and Mr. George Vincent Shennan, Managing Directors, are interested in the promotion of and in the property proposed to be acquired by the Company to the-extent only of their interests as Vendors under the contract, particulars of which are given in Clause 8 hereof. 12. A Director’s qualification shall be 50 shares. The Directors shall be paid out of the funds of the Company, by way of remuneration for their services, sa- h sum or sums as the Company may from time to time fix at a gen r-i meeting, and such remuneration shall be divided amongst them in such pr- :>.jj lion and manner as the Directors may determine. . 13. The stock-sheets and balance-sheet of Messrs Grundy and Shennan copies of the Memorandum and Articles of Association of the Company, and of the Contract referred to in Paragraphs No. G hereof, can be inspected at the offices of Messrs Chrisp and Coleman, the Company’s Solicitors Lowe Street, Gisborne, during business hours. ' ’ 14. Applications for shares should bo made upon the necessary form and sent to Mr. C. G. Piesse, Interim Secretary, together with the amount payable on application. Copies of the Prospectus and forms of application for share's may bo obtained at the office of Mr. C. G. Piesse Adair** Buildings, Lowe Street. ’ 15. This Prospectus lias been duly filed with the Registrar of Joint Sto Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROS G. V. SHENNAN ROBERT.' ROBERTSON FRANCIS STAFFORD THOS. CORSON J. ROSSBOTHAM Witness to Signatures—C. G.'PIESSE, Accountant, Gisborne.