Page 3 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2171, 22 April 1908, Page 3

PROSPECTUS 01-’ GRUNDY & SHENNAN, LIMITED. 1. Directors:— _ , . ERNEST GRUNDY, of Gisborno, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborno, Upholsterer. Managing FRANCIS STAFFOHI), of Gisborne, Timber Merchant MaMno, Draper ROBERT ROBERTSON, of Gisborno, Clothier THOMAS CORSON, of Gisborne, Agent INTERIM SECRISI ARY: C. G. PIESSE, Public Accountant, Adair s Buildings, Gisborno. U. The objects and powers of the Company are set out in the j Memorandum of Association, a copy of which can bo obtained Horn tho Sccre tary. 3. The Capital of tho Company is £5,000, divided into 5,000 shares of £1 each. •1 Of tho above-mentioned shares 1,800 shares, representing 1,800 of the Company’s nominal capital, are to bo issued and credited as paid up in full, in part consideration of tho salo to the Company, paiticulais oi which are given in paragraph No. 6 hereof; such further shares as may bo necc.,sarvto satisfy tho balance of consideration lor such sale as may bo found to be duo slnill bo issued and credited as iully paid up on tho ascortainment of such consideration as provided in such contract ol sale. A iuitner 2,000 shares aro now offored to tho public lor subscription, to bo paid as follows: — , ~ Fivo shillings per share on application Fivo shillings per sharo on allotment, And tho balance by calls of 5s per sharo at periods of not less than tlireo months’ interval. 5. Tho minimum subscription on which tho Directors may proceed to allotment is 1,000 shares. 6. This Company lias been formed for the following purposes:— (1) To acquire and carry on tho business ol Messrs Grundy and Sliennan, of Gisborno, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. (2) To acquire and undertake tho wliolo or any part ol the business, goodwill, assets, property, rights, or undertaking of any person, firm, or company carrying on or having power to carry on any business as Cabinetmakers, Upholsterers, Carpet Salesmen, Ihirniture Warehousemen, or the like, which this Company lias power to carry- on under its Memorandum of Association. (3) And, as sot out in tho Memorandum of Association, a copy whereof forms part of this Prospectus. 7 Tho names and addresses of tho Vendors of the said business of Grundy and Sheuuan, being the proporty now proposed to bo purchased or acquired bv the Company, are:— ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborno, Upholsterer. 8 Tho amount to bo paid to tho said Ernest Grundy and George Vincent Skeunan, as such Vendors, is the sum of £3OO for the goodwill of the said business and tho leasehold property of Messrs Grundy and Shennan, to bo paid in 300 fully paid-up shares in the said Company, and a further sum representing the stock-in-trade, plant, book debts, and furniture belonging to tho said lirm of Grundy and Shennali, to bo ascertained by a valuation to be made as at the date when the Company shall be entitled to commence business, is to be paid to the said Ernest Grundy and George Vmcent Shennan for such stock-in-trade, plant, book debts, and furniture. Such consideration shall bo paid to tho Vendors in the following proportions namclv:—For the goodwill, leasehold properties, stock-in-trade, plant furniture, and book debts, as at the 30th day of June, 1907, in tho proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to tho said George Vincent Shennan, and for any increased value in the said business since tho said 30th day of June, i 907 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 Goorgo Vincent Shennan. 9 Tho preliminary expenses of and incidental to the formation and establishment of the Company and until the Company shall be entitled to commence business aro estimated to amount to £SO, and will bo borne by the Company. 10 Tho Company has agreed to pay a commission at tho rate of £5 per centum on all shares subscribed in lots of 200 or under, and £2J per cent, on all shares subscribed in lots of more than 200. 11. Mr. Ernest Grundy and Mr. George Vincent Shennan, Managing Directors, aro interested in the promotion of and in tho property proposed to be acquired by the Company to tlio 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. Tho Directors shall be paid out of the funds of the Company, by way of remuneration for their services such sum or sums as tho Company may from time to time fix at a genoral meeting, and such remuneration shall bo divided among6t them in such proportion and manner as tho Directors may determine. 13. Tho stock-sheets and balance-sheet of Messrs Grundy and Shennan, copios of the Memorandum and Articles of Association of the Company, and of tho Contract referred to’in Paragraphs No. 6 hereof, can be inspected at the offices of Messrs Clirisp and Coleman, the Company’6 Solicitors, Lowe Street, Gisborne, during business hours. 14. Applications for shares should bo made upon the necessary form, and sent to Mr, C. G. Pi esse, Interim Secretary, together with the amount payable on application. Copies of the Prospectus and forms of application for shares may bo obtained at the office of Mr. C. G. Piesse, Adair’s Buildings, Lowe Street. 15. This Prospectus has been duly filed with the Registrar of Joint Stoclr Companies. Dated tho sixteenth day of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD TH OS. CORSON J. ROSSBOTHAM Witness to Signatures—o. G. PIESSE, AccounVst, Gisborne.

‘Sunrise Improved' Acetylene Co. (G. L. BURTON. T. W. LESTER, J. H. WARREN.) lo FLINDERS ST., ADELAIDE; 144 GEORGE ST. WEST, SYDNEY; 391 CANNING ST., N. CARLTON, MELBOURNE; ADELAIDE ST., BRISBANE, EMERSON ST., NAPIER. ‘Sunrise Improved' Generators. APPROVED BY THE FIRE UNDERWRITERS’ ASSOCIATION OF AUSTRALIA. OUR GENERATOR is absolutely the best to be obtained, and on ao« count of its simplicity, safety and economy, has firmly established itself as a publio favorite, and every purchaser may therefore be satisfied that he is receiving A PERFECT MACHINE. We claim it to be the simplest machine to charge and look after, being re-oharged much quicker than you would fill and trim an ordinary kerosene lamp. SOLE MANUFACTURER AND AGENT FOR COOK COUNTY AND WAIROA. ■ J; HAROLD WARREN. PLUMBER AND GASFITTER, GLADSTONE ROAD, GISBORNE. Telephone 846.

b. 11. V ACCOUNTANT, INSURANCE, AND GENERAL COMMISSION AGENT, District Agent for the - QUEENSLAND INSURANCE COMPANY, LTD., Fire and Accident Branches. All Classes of FIRE and ACCIDENT INSURANCE RISKS taken at Current Rates. RENTS COLLECTED, and all Commission work undertaken. OFFICE: NEXT TO MILLER’S CORNER, LOWE STREET.

DOMINION GROCERY. ROEBUCK ROAD (At end of Palmerston Road). THE undersigned begs t-P announce that he. has just opened the above business and ds prepared to supply all classes of Groceries at BED-ROCK PRICES FOR CASH. Customers waited on for orders, and goods delivered to all parts of the Town and Suburbs. WALTER J. H. WARNER PROPRIETOR. MUSIC TUITION. R. Na McKAYTEACHER, of the Violin, and all String and' other Orchestral Instruments is prepared to take Pupils. Address, c/o Mr. Gibb, Stevenson’s Lane, Kaiti. - JJOTEL, GLADSTONE-ROAD, GISBORNE. FRANK HARRIS, Proprietor. Wineß and Spirits of tho Very Be** Brands Procurable. Special Attention Afforded the Travelling F'blio. iORN AND WORN CLOTHES tattersfield Mends.