Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2158, 6 April 1908, Page 3

NOT THROW CHANCES AWAY, tf you di jire an investment which is honest, safe, and prof fable for either farmers, professional men, TRADESMEN, OR WORKING MEN W. LSSSANT SLAYTON CAN FIND IT FOR YOU. quieep runs or nnown tjroperties. QOUND QHARF JNVESTMENTS. ID ENT OR JURE AN'CE. ©real Nuisance. JUST LANDED LARGE STOCK OF NEW SEASON’S TWEEDS. Great Public Effort IS NEEDED TO REMOVE SAME FROM ADOLF ZAGHARIAH, GASH TAILOR

QUR JjIURNITURE gTANDS THE rjIRUE FJTEST OP fJHME. GRUNDY 4ND SHENNAN HAVE REMOVED into Commodious Premises in ANDREWS’ BUILDINGS (next door to their oid warehouse), and are now ill a position to Supply Every Conceivable Variety of HIGH-CLASS FURNITURE. TAKE A WALK THROUGH OUR SHOW-ROOM, AND SEE OUh BARGAINS IN—jMNOLEUMS, R UGS ryENETIAN LINDS, rjTAPF.STRIES, 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 PJIEST OF FJTIME. 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.

PROSPECTUS OF GRUNDY & SHENNAN, LIMITED. Directors:— ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managiu Director , FRANCIS STAFFORD, of Gisborne, limber Merchant JOHN JOSEPH ROSSBOTHxVM, 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 bo 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 bo 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 bo necessaryUo 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 tho ascertainment of such consideration as provided in such contract of sale. 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 tho balance by calls of os per share at periods of not less than three months’ interval. 5. The minimum subscription on which the Directors may proceed to allotment is 1,000 shares. G. This Company has been formed for the following purposes (1) To acquire and carry on tho business of Messrs Grundy and Shorn nan of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Wareliou semen. (2) (3) lllwll} «AXIvl X IUVUI V » To acquire and undertake the whole or any part ot 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, Furniture Warehousemen, or the like, which this Company has power to carry on under its Memora ndurn of Association. And, as sot out in tho Memorandum of Association, a copy whereof forms part of this Prospectus. 1 The names and addresses of the Vendors of the said business of undy and Shennan, being tho property now proposed to be purchased acquired by’ tho Company, are: acquired by tuo company, ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upln Upholsterer. 8 The amount to ho paid to tho said Ernest Grundy and George Vincent Shennan, as such Vendors, is the sum of £3OO for the goodwill of tho said business and tho leasehold property of Messrs Grundy and Shennan, to bo paid in 300 fully paid-up shares in the said Company and a further i representing the stocK-in-trado, plant, book debts, and furniture helm,, to the said Unii of Grundy and Shennan, to ho ascertained by a valua belonging 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 Shell nan for such stock-in-trade, plant, book, debts, «nd . furniture. Such consideration shall be paid to the Vendors.m the following propornamely— For tho 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 twentv five forty-sevenths to the said George Vincent Shennan, and lor anv increased value in the said business since the said 30th day of June, 1007 ‘up to the date when the Company is entitled to commence busiilesSr in the proportion of three-filths to tho said Ernest Grundy and two-fifths to the said George Vincent Shennan. 0 The preliminary expellees of and incidental to the formation and stnhlishmeiit of tho Company and until the Company shall bo entitled business are estimated to amount to £SO, and will be borne by ho Company. , B in The Company Ims agreed to pay a commission at the rate of £5 * cent’m on all shares subscribed in lots of 200 or under, and £2l per ent on all shares subscribed in lots ot more than 200. ii JR. Ernest Grundy and Mr. George Vincent Shennan, Managing )ivector* are interested in the promotion ot and in the property proposed ~ be acquired by the Company to the extent only ot their interests as Y'lidors under the contract, particulars ol whica are given in Clause 8 :ercof. • ' I>o nj Director’s qualification shall he 50 shares. The Directors shall b n iid out of the fiinds of the Company, by way of remuneration for their services such sum or sums as the Company may from time to time fix t .roiieral meeting, and such remuneration shall he divided amongst them in such proportion and manner as the Directors may determine. 13. Tin beets ft ml balance-sheet of Messrs Grundy and Shennan, ramluni and Articles of Association of tho Company, and copies of t!v* .Memorandum anu Articles or Association ot tno company, and oi the Contract referred to in Paragraphs No. 6 hereof, can be inspected ni riif. nffices of .Messrs Chrisp and Coleman, tlie Company’s Solicitors, Lowe Street, Gisborne, during business hours. Applications for shares should be- made upon the necessary nt to Mr. C. G. Piesse, Interim Secretary, together with tho a form, and sent to Mr. C. G. Piessc, interim secretary, togetlier witli tlio amount pi’vahio 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,' 13. This Prospectus has been duly filed with the Registrar of Joint StocJ' Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G V SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD THOS. CORSON J. ROSSBOTHAM Witness to Signatures—C. G. PIESSE, Accountant, Gisborne. - .