Page 3 Advertisements Column 7

Gisborne Times, Volume XXVI, Issue 2156, 3 April 1908, Page 3

NOT THROW CHANCES AWAY. TF YOU D 1 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. gHBEP 11UNS OR HP OWN T>ROPERTIES. OR -JJURB I NSURANCE.

NEW SEASON’S GOODS OPENED. BEST VALUE. FOR GASH ADOLF ZAGHARIAH CASH TAILO

QUR JIURNITURE gTANDS THE IJIRUE FJI EST OF miME. GRUNDY 4ND SHENNAN - HAVE REMOVED into Commodious Premises in ANDREWS’ BUILDINGS (next door to their old warehouse), and are now iri a position to Supply Every Conceivable Variety of HIGH-CLASS FURNITURE TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUh BARGAINS IN— R UGS JMNOLEUMS, jyEtiETIAN Jg> LINDS, rjIAPESTRIES, ETC., ETC. The Best Testimonial for our Work is that our Trade is ever increasing, and this is because our Furniture is m§de to stand : rjTHE IJIEST OF fJUME. ESTIMATES; GIVEN ■ FREE FOR ANY CLASS OF WORK.- , 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. The objects and powers of the Company' are set out in the Memorandum of Association, a copy of which can be obtained from the Secretary. ■ ' . 3. The Capital of the Company is £5,000, divided into 5,000 shares of £1 each; ' • . - . 4. Of the above-mentioned shares 1,800 shares, representing 1,800 of the Company’s nominal capital, are to be issued and credited as paid up in full,- in part consideration of the sale to the Company, particulars of which are given in paragraph No. 6 hereof; such further shares as may be necessary to satisfy the balance of consideration for such sale as may be found to be due shall bo issued and credited as fully paid up on the ascertainment of such consideration as provided in such contract of sals. A further 2,000 shares are now offered to the public for subscription, to be paid as follows: Five shillings per share on application . Five shillings per share on allotment, And the balance by calls, of 5s per share at periods of not less than4hree months’ interval. ‘ 5. ' The minimum subscription on which the Directors may proceed to allotment is 1,000 shares. . 6. This Company has been formed for the .following purposes:— (1) To acquire, and carry on the business of Messrs Grundy and Sliennan, of Gisborno, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. (2) To acquire and undertake the whole or any part of the business, • goodwill, assets, property, rights, ornndertaking of any person, firm, -or company carrying on or having power to carry on any business as Cabinetmakers, Upholsterers, Carpet Salesmen, Furniture Warehousemen, or the like, which this Company has power to carry on under its Memorandum;of 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 purchased or acquired by the Company, are:— ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. Q 8. The amount to be paid to the said Ernest Grundy and George Vincent Shennan, as such Vendors, is the sum of £3OO for the goodwill of the said business and the 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 the stocK-in-trade, plant, book debts, and furniture belonging to the said firm of Grundy and Shennan, 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 ill'the following proportions namely:—For the goodwill, leasehold properties, stock-in-trade, plant furniture, and book debts, as at the 30th day of June, 1907, in the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to the said George 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, in the proportion of three-fifths .to the said Ernest Grundy and two-fifths 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 £SO, and will be borne by the Company. " * . ' > - . >.*. 10. The Company has' agreed to pay a commission at the rate of £5 per centum on alb shares subscribed in lots'of 200 or under, and £2J per cent. o)i all shares subscribed in lots' of more tlian 200. 11. Mr. Ernest Grundy and Mr. George Vincent Shennan, Managing Directors, are interested in the promotion of and in tho 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. • T 12. A Director’s qualification shall be 50 shares. The Directors shall be paid out of tho 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 general meeting, and such remuneration shall be divided amongst them in such proportion and manner as the Directors may determine. 13. The dock-slieets and balance-sheet of Messrs Grundy, and Shennan, copies of tlie 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 Chrisp and Coleman, the Company’s Solicitors, Lowe Street, Gisborne, during business hours. 14. Applications for shares should bo made upon the necessary form,., and sent to Mr. C. G. Piesse, Interim Secretary, together with the amount payable oil 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 lias been duly filed with the Registrar of Joint Stoc> Companies. Dated the 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—C. G. PIESSE, Accountant, Gisborne. .