Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2151, 28 March 1908, Page 3

DO NOT THROW CHANCE'S AWAY • ' r YOU D! 51 RE AN INVESTMEN T WHICH IS HONEST, SAFE, AND PROF FABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. LISSANT CLAYTON CAN FIND IT FOR YOU. gHEEP RUNS OR FpOWN jpROPERTIES. gOUND gHARE JN VESTMENTS. OR jpiRE j^NSURANCE. QUR JpURNITURE gTANDS THE rjTRUE rpEST OF F|TIME. GRUNDY 4ND SHENNAN AVE REMOVED into Commodious Premises in ANDREWS’ BUILDINGS (next door to their old warehouse), and are now in a position tcTSupply Every Conceivable Variety of H HIGH-CLASS FURNITURE. TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUR BARGAINS IN—INOLEUMS, R UGS jg LINDS, rjTAPESTRIES, ETC., ETC. rho Best Testimonial for our Work is that our Trade is ever increasing, and this is because our Furniture is made to stand rjTHE rjTEST OF rjYIME. 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 CASH TAILOH ADOLF ZACHARIAH WAIT FOR FURTHER NOTICE !1! GLADSTONE ROAD, GISBORNE. PRORPEGTUS OF GRUNDY & SHENNAN, LIMITED. . Directors:— * ■’ ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing Director FRANCIS STAFFORD, of Gisbor lie, Timber Merchant JOHN JOSEPH ROSSBOTHAM, of Gisborne, Tailor CHARLES DANIEL MALCOLM ROSIE, ot Gisborne, Draper ROBERT ROBERTSON, of Gisbo rne, Clothier ' THOMAS CORSON, of Gisborne, Agent Interim Secretary, C. J. PIESSE, Public Accountant, Adair s Buildings, Gisborne. 2. Tho objects and powers of the Company are set out in the Memorldum of Association, a copy of which can bo obtained from the Secieiry. 3. The Capital of the Company is £5,000, divided into 5,000 shares of :i each. 4. Of the above-mentioned shares 1,800 shares, representing 1,800 of the ompany’s nominal capital, are to be issued and credited as paid up in ill, in part consideration of the sale to the Company, particulars of wluc i o given in paragraph No. 6 hereof; such further shares as may be necesry to satisfy the balance of consideration for such sale as may be round i be duo shall be issued and credited as fully paid up on the ascertainmen such consideration aa provided ill such contract of sale. A ™mier 000 shares aro now offered to fclic! public for subscription, to be paid a llowsi—« . ~ Five shillings pell shard oii 'application Five sliillinga pen shard pa allotment, • nd the balance by; calls ©$ pa pel share at periods of not less than three ontlis’ interval,; 5. The minimum subscription on which the Directors may pioceed to lotment is 1,000 shares. for the .following purposes : business of Messrs Grundy and Shotr= makers, Upholsterers, Carpet Salessemen. tho whole or any part of the business, rights, or undertaking of any person, or having power to carry oil any Upholsterers, Carpet Salesmen, hutlikp, which this Company has power ndiuH of Association, randum of Association, a copy where-1 This Company has been formed (1) (2) (3) To acquire and carry on tho nan, of Gisborne, Cabinetmen, and Furniture Warehou To acquire and undertake goodwill, assets, property, firm, or company carrying on business as Cabinetmakers, mture Warehousemen, or tho ’ to carry on under its Memora And, as set out in tho Memo forms part of this Prospectus. 7. The names and addresses of tho Vendors of the said business of Grundy and Shcnnan, 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 he paid to the said Ernest Grundy and G'eorgo Vincent Shcnnan, as such Vendors, is the siim oi £3OO for the goodwill or the said business and tho leasehold property oi Messrs Grundy and Shennan, to be paid in 300 fully paid-up shares in the said Company, and a further sum representing tho stocic-in-trado, 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 tho Company shall be entitled to commence business, is to bo paid to the said iSrnest Grundy and Gcoigo \ lucent Shennan for such stock-in-trade, plant, book debts, and ruriutjvm Suck consideration shall bo paid to the \ endors m the following proportions, namely:—For the goodwill, leasel.Vkl properties, stock-m-trade, plant”, furniture, and book debts, as at the 30th day oi June, 190/, in the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to tho said George Vincent Shennan, and tor any increased value in the said business since the said 30th day oi June, 1907, up to the date when tho Company is entitled to commence business, in the proportion of three-fifths to tho said Ernest Grundy and two-iiitlis to the said George Vincent Shennan. 9 Tho preliminary expenses of and incidental t-o the lormation and establishment of the Company and until the Company sha be entitled to commence business are estimated to amount to £oo, and will be borne by the Company. 10. The Company lias agreed to pay a commission at the rate oi £5 per centum on all shares subscribed ill jots oi LOO or under, and per cent, on all shares subscribed in lots oi more than -00. 11. Mr. Ernest Grundy and Mr. George Vincent Shennan, Managing Directors, are interested in the promotion oi and m the- piopeit\ to ho acquired by tho Company to the extent only or.their interests as Vendors under the contract, particulars ol which are given ill Clause 8

10 \ Oif'oinr’s qualification shall be 50 shares. The Directors shall be paid out ol in nils of the Company, by way of remuneration for their * r V ic"s su b s.un or sums as tho Company may from time to time fix it a o-eii'-r il r*- thi", and such remuneration shall be divided amongst them in such proportion” and manner as the Directors may determine. 13 The stock-sheets and balance-sheet of -Messrs Grundy and Shennan, conies of tile Memorandum and Articles of Association of tlio Company, and of the Contract referred to in Paragraphs No. 6 hereof, can bo inspected at the offices of Messrs Chrisp and Coleman, the Company’s Solicitors, Lowe Street, Gisborne, during business hours. 14 Applications for shares should ho made upon the necessary form, and sent to Mr. 0. G. Picsse, Interim Secretary, together with the amount payable on application. Copies of the Prospectus and forms of application for shares may be obtained at the office cf Mr. C. G. Adair’s Buildings, Lowe Street. 13. This Prospectus has been duly filed with the Registrar of Joint Stock Companies. Dated the sixteenth dav of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD THOS. CORSON J. ROSSBOTHAM "Witness to Signatures—o. G. PIESSBi Accountant, Gisborne.