Page 3 Advertisements Column 7

Gisborne Times, Volume XXVI, Issue 2155, 2 April 1908, Page 3

DO NOT THROW CHANCES AWAY •J-F YOU Dl II RE AN INVESTMENT WHICH IS HONEST, SAFE, AND prof TABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. LISSANT CLAYTON i CAN FIND It FOR YOU. gHEEP HUNS OR HHOWN TY ROPERTTES, QOUND QHARK jp I VESTMENTS. A CCIDENT OR IRE NSURANCE.

NEW SEASON’S GOODS OPENED. BEST VALUE. FOR CASH ADOLF ZAGHARIAH, GASH TAILOR. QUR JIURNITURE jgTANDS THE fJTRUE FJTEST OFM'JIIME. GRUNDY AND SHBNNAN • HAVE REMOVED into Commodious Premises in ANDREWS’ BUILD- . INGS (next door to their old warehouse), and are now in a positiou to Supply JSvery Conceivable Variety of HIGH-CLASS JPURNITURE. TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUR BARGAINS IN—gINOLEUMS, R UGS g LINDS, rjIAPESTRIES, ETC., ETC. The Best Testimonial for our Work is that our Trade is ever increasing, and this is because our Furniture is made to stand fJTHE rjTEST OF rjTIME. ESTIMATES GIVEN FREE FOR ANY CLASS OF WORK. 7 AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. Telephone No. 288. GLADSTONE ROAD, GISBORNE. Telephone No. 288.

PROSPECTUS OF GRUNDY &SHENNAN, LIMITED. 1. Directors:— ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing. Director 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. Tho objects and powers of tho Company are set out in the Memorandum of Association, a copy of which can bo obtained from the Secretary. ; , ■ 3. The Capital of the Company is £5,000, divided into’ 5,000 shares of £1 each. 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 neeesation 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 or not less than three 4. Of tho above-mentioned shares Company’s nominal,capital, are to bo 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 and credited of such consideration as provided in. 2,000 shares are now offered to tho follows: — Five shillings per share ' Fivo shillings per share And the balanco by calls of 5s per months’ interval. ' 5. The minimum subscription on which the Directors may proceed to allotment is 1,000 shares. __ • 6. This Comp;,my has been formed for the following purposes: (1) To acquire and carry on the business of Messrs Grundy and Sheiinan, of Gisborne, Cabinet-makers, Upholsterers, Carpet salesmen, and Furniture Warehousemen. (O) jo acquire and undertake the whole 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, Fur-niture-Warehousemen, or the like, which this Company lias power - to carry on under its"Memoraudum of Association. (3) And, as set out in the Memorandum of Association, a copy jwhereof forms part of this Prospectus. > 7 The names and addresses of the Vendors of the said business of Grundy and Sheiman, 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 be paid to the said Ernest Grundy and George Vincent Sheiman, as such’Vendors, is the sum of £3OO for. the goodwill of die said business and the leasehold property of Messrs Grundy and Sliemian, to he 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 the said firm of Grundy and Sheiman, to be 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 Vincent Shennan for such stock-in-trade, plant, book debts, and furniture. Such consideration shall be paid to the Vendors m the following proportions, namely:—For the goodwill, leasehold properties, stock-in-trade, plant furniture, and hook debts, as at the 30tli day of June, 190/, in tho proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to the said George Vincent Shennan, and for anv increased value in the said business since the said '3oth day of June, 1907 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 George 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 are estimated to amount to £SO, and will be borne by tho Company. - ~~ 10. Tho Company has agreed to pay a commission at the rate oi £5 per centum on all shares subscribed in lots of 200 or under, and £2s 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 tho promo tion of and m tho property proposed to bo acquired by the Company to the extent only of their interests as Vendors under the contract, particulars of which are given m Clause 8 hereof. V2 A Director’s qualification shall be 50 shares. The Directors shall bo paid out of the fupds 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 general meeting, and such remuneration shall be divided amongst them in such, proportion aiid manner as the Directors may determine. 13. The : beets and balance-sheet of Messrs Grundy and Shennan, copies of the Memorandum and Articles of Association or the 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. . Applications for shares should bo made upon tho necessary form, sent to Mr. C. G. Piesse, 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 of Mr. C. G. Piesse, Adair’s Buildings, Lowe Street. 15. This Prospectus has been duly filed with the Registrar of Joint Stoi V Companies. ‘ Dated the sixteenth day of March, 190 S. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD TIIOS. CORSON J. ROSSBOTHAM .Witness to Signatures—C. G. PIESSE, Accountant, Gisborne. It and