Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2154, 1 April 1908, Page 3

DO NOT THROW CHANCE'S AWAY. TF YOU Dl 51 RE AN INVESTMENT WHICH IS HONEST, SAFE, AND prof TABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. LiSSANT CLAYTON C'AN FIND IT FOR YOU. i HEEP RUNS OR HD OWN T\ ROPERTTES. :^HEE CiOUND OHARP, INVESTMENTS. icj O JOR jpURE j^NSURANCE. NEW SEASON’S GOODS OPENED. BEST VALUE. FOR GASH GASH TAILOR EST OF r|T IMS. QUR JjIURNITURE gITANDS THE IJRUE fj GRUNDY 4ND SHENNAN HAVE REMOVED into Commodious Premises in ANDREWS’ BUILD- ' INGS (next door to their old warehouse), and are now in a position to Supply Every Conceivable Variety of JTONITURE. TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUR BARGAINS IN— 4 . - R UGS jyENETiAN JgLINDS, rjAPESTRIES, . ETC., ETC. Hie Best Testimonial for our Work is that our Trade is ever increasing, and this is becauso our Furniture is made to stand fJTHE rjjTEST OF FJTIME. ESTIMATES GIVEN FREE FOR ANY CLASS OF WORK. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. 'elephone No, 2SB. GLADSTONE ROAD, GISB ORNE. Telephone No. 288. PROSPECTUS OK GRUNDY & SHENNAN, LIMITED. Directors: — ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing FRANCISES!'AFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSS3OTHAM, of Gisborne Tailor CHARLES DANIEL MALCOLM ROSIE, of Gisborne, Drapei ROBERT ROBERTSON, of Gisborne, Clothier THOMAS 001*0* sgfeiav, • • C. G. PIESSE, Public Accountant, Adair’s Buildings, Gisborne. Company are set out in the Meuiorwliicli can be obtained from the Secre£s,ooo, divided into 5,000 shares of 1,800 shares, representing 1,800 of the 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, jhaie at periods of not less than three which the Directors may proceed to 2. The objects and powers of the a lid uni of Association, a copy of tary. 3. The Capital of the Company is £1 each. \ • 4. Of tlio 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 to .-'be due shall be issued aiid credited of such consideration as provided in 2,000 shares are now offered' to tl.o follows: - Five shillings per shareFive shillings per share And tiie balance by calls of 5s months’ interval. - 5. The minimum subscription on allotment is 1,000 shares. 6. This Company has been formed for tile following purposes: (1) To acquire and carry on the business of Messrs Grundy and bhen- ' nan, of Gisborne, Cabinet-makers, Upholsteieis, Caipct bales . men, and Furniture Warehousemen. (2) To acquire'’ and undertake the whole or any goodwill, assets,- property, rights, or undertaking oir aiij pel son, firm, or company carrying on or having powei to cany on any business as Cabinetmakers, Upholsterers, Carpet Salesmen, Furniture Warehousemen, or tlio like, which this Company has power to carry on under its Memorandum ef : 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 pm chased or acquired by the Company, are:— ERNEST GRUNDY, of Whataupoko, _Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. 8. The amount to be paid to tlio said Ernest Grundy and George Vincent Shennan, as such Vendors, is the sum of £3OO tor the goodwill of the said business and tlio leasehold property of Messrs Grundy and Shennan, to be paid in 300 fully paid-up shares in the said Company, and a fur ther sum representing the stocK-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 bo entitled to commence business, is to be paid to the said Ernest Grundy andl George V ncent Shennan. for such stock-in-trade, plant, book debts, and furmtuie. Such consideration shall be paid to tlie'Vendors m the following proportions namely :—For the goodwill, leasehold properties, stock-in-trade, plant, furniture, and book debts, as at the 30th day of June, 190/, in the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and tweutv-five forty-sevenths to the said George Vincent Shennan, and tor any increased value in the said business since the said 30tli day of June, 1907 up to the date when the Company is entitled to commence business, in tlie proportion of tlirec-fifths to the said Ernest Grundy and two-fifths to tlie 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 tbo Company. :x 10' The Company has agreed to pay. a commission at the rate of £o 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 Shenuan, Managing Directors are interested in the promo tion 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 00 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 the Company may from time to time fix at a gonerd t : ng, ami such remuneration shall be divided amongst them in such is-;- ton and manner, as the Directors may determine. 13. The stock-sheets and balance-sheet of Messrs Grundy and Shoiiiian, 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 ollieos of Messrs Chr-isp and Coleman, the Company’s Solicitors, Lowe Street, Gisborne, during business hours. >r--14. Applications for shares should bo made upon the necessary form, and sent to Mr. C. G. Pictsse, Interim Secretary, together with tub amount payable on application. Copies of the Prospectus and forms of application for shares may be obtained "■ at.h-the,.office of Mr. G. G. Piosco, Adair's Buildings, Lowe Street. ' v". 'y - 13. This Prospectus has been duly filed with the Registrar of Joint Stock Companies. Dated the sixteenth day of March, 1908. ' . ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD THOS. CORSON J. ItOSSBOTHAM Witness to Signatures—,o; G. PIESSE. Accountant, Gisborne. mm -zm x - - m v k w c. II S3l