Page 3 Advertisements Column 5

Gisborne Times, Volume XXVI, Issue 2164, 13 April 1908, Page 3

DO NOT THROW CHANCES AWAY. f YOU Di iIRE AN INVESTMENT WHICH IS HONEST, SAFE, AND PROF TABLE FOR EITHER FARMERS, PROFESSIONAL MEN. TRADESMEN, OR WORKING MEN W. LiSSANT CLAYTON CAN FIND IT FOR YOU. BLEEP RUNS OR MTIOWN T} POVERTIES. QOUND QHARF JHVESTMENTS. OB. J7URF j^NSURANCE. Crest NuisanceJUST LANDED LARGE STOCK OF NEW SEASON’S TWEEba. Great Public Effort IS NEEDED TO REMOVE SAME FROM ADOLF ZAGHARIAH, GASH TAILOR. WHILE WE CLAIM T ° HAVE ESTABLISHED A REPUTATION FOR GOOD WORK, HONEST VALUE, AND STRAIGHT DEALING, WE WON’T STOP THERE, BUT ARE DETERMINED 10 j UP TO OUR REPUTATION, AND PROSPECTIVE CLIENTS NEED HAVE NO HESITATION IN PUTTING US TO THE TEST AND PROVE THAT WE GROW CONTINUALLY IN THE PUBLIC ESTIMATION. T HE JgEST JgTANDS rjIHE rjTEST. GRUNDY AND SHENNAN CABINETMAKERS AND UPHOLSTERERS,, GISB ORNE. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE, telephone No. 288.

PROSPECTUS OF GRUNDY &SHENNAN, LIMiTED. Directors:— ERNEST GRUNDY,' of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne,. Upholsterer, Managm GEORGE VINCENT SHENNAN, of Gisborne,; Upholsterer, Managing Director - , , FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSSBOTHAM, of Gisborne, Tailor CHARLES DANIEL MALCOLM ROSIE, of Gisborne, Draper ROBERT ROBERTSON, of Gisborne, Clothier THOMAS CORSON, of Gisborne, Agent INTERIM SECRETARY: C. G. PIESSE, 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 I,SOO 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 consideration for such sale as may bo found to be duo 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 aro now offered to the public for subscription, to be paid as follows: , ~ Five shillings per share on application • Five shillings per share on allotment, And the balanco by calls of 5s per share at periods of not less than three mouths’ interval. 5. The minimum subscription on which the Directors may proceed to allotment is 1,000 shares. (1) & This Company has been formed for the following purposes : To acquire and carry on trio business of Messrs Grundy and Shennan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen’, and Furniture Warehousemen. To acquire and undertake the whole or any part ol the business, goodwill, assets, property, rights, or undertaking of any person, to carry on under its Memorandum of Association. (3) And, as sot out in the Memorandum of Association, a copy whereof forme part of this Prospectus. 7*' ' The names and addresses of the Vendors of the said business of Jrtntdy and Shcnnau, being the property now proposed to be purchased >r acquired by the Company, aro:— . ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. 8. The amount to be paid to the said Ernest Grundy and George Vincent Shennan, as such Vendors, is the sum of £3OO for the goodwill of tho said business and the leasehold property of Messrs Gruiidy and Shennan, to bo paid in 300 fully paid-up shares in the said Company, and a further sum representing tho stocK-in-trade, plant, book debts, and furniture belonging to the said firm of Grundy and Shennan, to be ascertained by a valuation to be made as at the date when the Compauy, shall be entitled to commence business, is to be 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 tho 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-6evenths to the said Ernest Grundy, and twenty-fivo forty-sevenths to tho said George Vincent Shennan, and for any increased value in the said business since the said 30th day of June, 1907 up to tho date when the Company is entitled to commence business, in the nronortion of three-fifths to tho said Ernest Grundy and two-fifths ... the proportion to tho said George Vincent Shennan 9. Tho preliminary expenses of and incidental to the formation and establishment of the Company and until tho Company shall bo entitled to commence business are estimated to amount to £SU, and 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 m tho property proposed o be acquired by the Company to the extent only of their interests as Vendors under tho contract, particulars of which aro given in Clause S lereof. 12. A Director’s qualification shall be 50 shares. The Directors shall be such proportion and manner as tho Directors may determine. , .offices of Messrs Clirisp and Coleman, the Company’s Solicitor. ~,jwc Street, Gisborne, during business hours. 14. Applications for shares should be mado upon the necessary form, nd sent to Mr C. G. Piesse, Interim Secretary, together with the'amount layable on application. Copies of the" Prospectus and forms of applies:ion for shares may bo obtained at the office of Mr. C. G. Piesse, Adair’s biddings, Lowe Street. 15. This Prospectus has been duly filed with the Registrar of Joint Stocir Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY G. V. SHENNAN FRANCIS STAFFORD J. ROSSBOTHAM j .CHARLES DANIEL MALCOLM ROSIE '• > '-ROBERT R 0 BERTSON .- GT-HOS. CORSON Witness to Signatures—C. Q , RIESSE, AceouuVH, Gisbonn? v j