Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2153, 31 March 1908, Page 3

DO NOT THROW CHANCES AWAY. 3 TF YOU Di SIRE 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. gHEEP RUNS OR HHOW TY ROPERTII2S. gO UNO gHARE J: JVESTMENTS. COIDENT OR piRE JNSURANCE.

NEW SEASON’S GOODS OPENED. BEST VALUE. FOR GASH GASH TAILOR

QUR JpURNITURE THE fJTRUE rjYEST Of rjllME. GRUNDY AND SHENNAN AVE REMOVED into (Commodious Premises in ANDREWS’ BUILDINGS (next door to their old warehouse), and are now in a position to Supply Every Conceivable, Variety of H HIGH-CLASS FURNITURE TAKE A WALK THROUGH OUR SHOW-ROOM, AND. SEE OUh BARGAINS IN—i UGS JMNOLEUMS, ■y'ENETIAN JgLINDS, mAPESTRIES, ETC., ETC. The Best Testimonial for our Work is that our Trade is over increasing, and this is because our Furniture is made to stand rjIHE rjTEST OF FJIIME. ESTIMATES GIVEN FREE FOR ANY CLASS OF V/ORK. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. Telephone No. 288. GLADSTONE ROAD, GISBORNE. Telephone No. 288. PROSPECTUS OF GRUNDY & SHENNAN, Directors: — ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT. SHENNAN, of Gisborne, Upholsterer, Managing Director FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSSEOTHAM, 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 Mernorandum of Association, a copy of which can be obtained from the feecietary. 3. The Capital of the Company is £5,000, divided into 5,000 shares of £1 each. 4. Of the above-mentioned shares Company’s nominal capital, are to be full, in part consideration of the sale are given in paragraph No. 6 hereof; sary to satisfy the balance of consider bo be due shall be issued and credited of such consideration as provided in 2,000 shares are now offered to the follows: Five shillings per share Fivo shillings per share And the balanco by calls ci 5s per months’ interval. I,SOO shares, representing 1,800 of tlie issued and credited as paid up in to the Company, particulars of which such further shares as may be necesation for such sale as may be found as fully paid up on the ascertainment such contract of sale. A further public for subscription, to be paid as on application on allotment, share at periods of nob less than three 5. The minimum subscription on which tlie Directors may proceed to allotment is 1,000 shares. . ■ “ • (2) 6. This Company has been formed (1) To acquire and carry on the nan, of Gisborne, Cabinetmen, and Furniture Warehou To acquire and undertake goodwill, assets, property, firm, or company carrying on business as Cabinetmakers, liiture Warehousemen, or the to carry on under its Meinora And, as set out in the Memo forms part of this Prospectus (3) for the following purposes : business of Messrs Grundy and Shellmakers, 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, Furlike, which this Company has power ndum of Association, randum of Association, a copy whereof 7. The names and addresses of the Vendors of the said business .of Grundy and Shcnnan, being the property now proposed to be purchased or acquired by tho 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 George \ lucent Shennan, 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 be 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 i a.!. _ rV»Tni\i»n\r cVi 1 1 HA AllfltlCKt TO COIHSuch consideration shall be paid to the Vendors in the following proportions, namely:—For the goodwill, leasehold properties, stock-m-trade, . plant, furniture, and book debts, as at the 30tli day of June, 1907, in tho nronnrtion of twenty-two forty-sevenths to the said Ernest Grundy,, and. tumntydivo"orty-sevenths'to'tho sMI Gooi-e 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, jroportion of three-fifths to the said Ernest Grundy and two-fifths in the proport 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 £oo, and will be borne by tho Company. 10. The Company has agreed to pay a commission at the rate ot £o ■r centum on all shares subscribed in lots of 200 or unuer, and £-J per nt. on all shares subscribed in lots of more than 200. 11. Mr. Ernest Grundy and Air. George incent Shennan, Managing Directors, are interested in the promotion of and in the property proposed to be accruired by the Company to the extent only of their interests ■as • J ■ —i- .-L j :— 1„ ™ 0 f which are given in Clause 8 Vendors under the contract, particulars hereof. 12 A Director’s qualification shall be 50. shares. The Directors shall bo 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 g-ii-rd meeting, and such remuneration shall be divided amongst them in such v--portion 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 tho Company, and of the Contract referred to in Paragraphs No. 6 hereof, can bo inspected at tlie offices of Messrs Chrisp and Coleman, the Company’s Solicitors, Lowe Street. Gisborne, during business hours. « 14. Applications for shares should bo rnado upon tlie necessary form, and sent to Mr. C. G. Piesse, Interim Secretary, together with tho amount payable on application. Copies of tho Prospectus and forms of application for shares may be 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 Stock Companies. Dated tlie sixteenth day of March, 190 S. ERNEST GRUNDY CH ARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD THOS. CORSON J. ROSSBOTHAM Witness to Signatures—C. G. PIESSE, Accountant, Gisborne,".