Page 3 Advertisements Column 7

Gisborne Times, Volume XXVI, Issue 2165, 14 April 1908, Page 3

DO NOT THROW CHANCES AWAY. TF YOU Di iIRE AN INVESTMENT WHICH IS HONEST, SAFE, AND PROF TABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. LISSAPtT ©LAYTON CAN FIND IT FOR YOU. Ci KEEP RUNS OR FHPOWN TV ROPERTIES. gHAUPi A CCIDENT 08. JURE £ NSURANCE.

Great Nuisance. JUST LANDED LARGE STOCK OF NEW SEASON’S TW'EEbs. Great Public Effort IS NEEDED TO REMOVE SAME FROM _ ADOLF ZAGHARIAH, GASH TAILOR. "WHXJ EWE CLAIJI T ° AVE ESTABLISHED A REFUTATION FOR GOOD WORK, HONEST VALUE, AND STRAIGHT DEALING, WE WON’T STOP THERE, BUT ARE DETERMINED 10 -g- up 10 ou]l EEPUTA ' TION, AND PROSPECTIVE CLIENTS NEED HAVE NO HESITATION IN PUTTING US TO THE TEST AND PROVE THAT WE ■ GROW CONTINUALLY IN THE PUBLIC ESTIMATION. rjIHE jgEST gTANQS rjIHE FJIEST. GRUNDY AND SHENNAN CABINETMAKERS AND UPHOLSTERERS. GISBORNE. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. Telephone No. 288.

PROSPECTUS OF ORUHOY & SHEHHAH, LIMITED. 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. G 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 be issued and credited as fully paid up on the 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 sliaro on application Five shillings per share on allotment, And the balance by calls of 5s 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 boon formed for the following purposes (1) To acquire and'carry on the business of Messrs Grundy and Shennan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. ■ (2) 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 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 Sbennan, being the property now proposed to bo 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 Sbennan, as such Vendors, is the sum of £3OO for the goodwill of the said business and the leasehold property of Messrs Grundy and Sbennan, to bo 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 Sbennan, to be ascertained by a valuation to be mado as at the dato when the Company shall be entitled to commence business, is to bo paid to the said Ernest Grundy and George Vincent Sbennan for such stock-in-trade, plant, book debts, and furniture. Such consideration shall be paid to the Vendors in 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 tho proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to tho said George Vincent Shennan, and for any increased value in the said business sinco tho said 30th day of June, 1907 up to tho dato when the Company is entitled to commence business, in the proportion of three-fifths to the said Ernest Grundy and two-fifths to tho said George Vincent Shennan. 9 Tho preliminary expenses of and incidental to the formation and establishment of the Company and until tho Company shall be entitled to commence business are estimated to amount to £SO, and will be borne by tho Company. 10 The Company has agreed to pay a commission at the rate of £5 per centum on all shares subscribed in lots of 200 or under, and £2l 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 the promotion of and in the property proposed to bo acquired by the Company to the extent only of their interests a.s Vendors under .the contract, particulars of which are given in Clause 8 hereof. 12 A Director’s qualification shall bo 50 shares. The Directors shall be 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 general meeting, and such remuneration shall be divided’amongst them : in eiich proportion and manner as tho Directors may determine. 13. The ; .i.i!(-k-sheets and bulanco-sheot of Messrs Grundy and Shennan, copies cit Memorandum and Articles of Association of tho Company, and of tho Con’.’;:.~l referred to in Paragraphs No. G hereof, can bo inspected at the office.--! of Messrs Chrisp and Coleman, the Company’s Solicitors, Lowe StrecL Upborne, during business hours. 14. Applications for shares should bo mado upon the necessary .'form, and sent to Mr. C. G. Piesse, Interim Secretary, together with the amount payable on application. Copies of tho Prospectus and forms of application for shares may bo 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 Stoe> Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD THUS. CORSON J. ROSSBOTHAM Witness to Signatures—C. G. PIESSE, AccounS.it, Gisborne,