Page 3 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2169, 20 April 1908, Page 3

PROSPECTUS OF GRUNDY &BMENNAII, LIMITED. 1. Directors: — . ii'imii’Q'l' m?TTNDY of Gisborno, Cabinetmaker, Managing Director GEORGE VINCENT SHENNANj of Gisborne, Upholsterer. Managing Director , , FRANCIS STAFFORD, of Gisborne, limber Merchant JOHN JOSEPH- ROSSBOTHAM, of Gisborne, luiior CHARGES DANIEL MALCOLM ROSIE, of Gisborne, Diapu ROBERT ROBERTSON, of Gisborne, Clothier THOMAS CORSON, of Gisborne, Agent INTERIM SECRETARY: 0. G. PIESSE, Public Accountant, Adair s Buildings, Gisborne. the Company are sot out in the Meiuorof which can bo obtained from the Scere2. The objects and powers oi andum of Association, a copy tary. 3. The Capital of tho Company is £5,000, divided into 5,000 shares of £1 each. 4. Of. tho above-mentioned shares 1,800 shares, representing 1,800 of the, Company’s nominal capital, arc to bo issued and credited as paid up .in lull, in part consideration of the sale to the Company, particulars of which are Wen in paragraph No. 6 hereof; such further shares as may bo necessaryto satisfy the balance of consideration lor such sale as may be found to be duo shall bo issued and credited as fully paid up on the ascertainment of such consideration as provided in such contract of sale. A fu ttaer 2,000 shares aro now offered to tho public for subscription, to bo paid as follows: — Five shillings per share on application Fivo 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 tho Directors may proceed to allotment is I,OUO shares. 6, This Company has been formed for tho following purposes: (1) To acquire and carry on tho business of Messrs Grundy and Sliennun, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. (2) To acquire and undertake tho whole or any part oi 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 tho like, which this Company has power to carry on under its Memorandum of Association. (3) And, as set out in tho Memorandum of Association, a copy whereof forms part of this Prospectus. 7. Tho names and addresses of tho Vendors of the said business of Grundy and Shcnnan, being tho property now proposed to bo purchased or acquired by the Company, aro:— ERNEST GRUNDY, of Wliataupoko, Cabinetmaker GEORGE VINCENT SEEN NAN, of Gisborne, Upholsterer. 8 Tho amount to be paid to the said Ernest Grundy and George Vincent Shcnnan, as such Vendors, is tho sum of £3OO for tho goodwill of tho said business and the leasehold property of Messrs Grundy and Shcnnan, to bo paid in 300 fully paid-up shares in the said Company, and a further sum representing the stocn-in-trado, plant, book debts, and furniture belonging to the said firm of Grundy and Shcnnan, to be ascertained by a valuation to be mado as at the date when the Company shall bo 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 bo paid to tho Vendors in tho following.proportions namely:—For tho 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 tho said Ernest Grundy, and twenty-fivo forty-sevenths to tho said George Vincent Shennan, and for any increased value in tho said business since the said 30th day of June, 1907, up to tho date when tho Company is entitled to commence business, in the proportion of three-fifths to tho said Ernest Grundy and two-fifths to the said George Vincent Shennan. 9 Tho preliminary expenses of and incidental to tho formation and establishment of tlie 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 tho rate of £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, aro interested in the promotion of and in the property proposed to bo acquired by tho Company to the extent only of their interests as Vendors under tho contract, particulars of which are given in Clause 8 hereof. 12 A Director’s qualification shall be 50 shares. The Directors shall he 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 projiortion and manner as the Directors may determine. 13. The stock-sheets and balance-sheet of Messrs Grundy and Shennan, copies-of the Memorandum and Articles of Association of the Company, and of the 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. O. 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 Stock Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY CHARLES DANIEL MALCOLM ROSIE G V SHENNAN RO BERT ROBERTSON FRANCIS STAFFORD TH OS. CORSON J.' ROSSBOTHAM Witness to Signatures—C. G. PIESSE, AccouirSot, Gisborne.

Tel 193. P.O. Box 96. T.‘ Gr. Lawless, AWLEBS, LAND AND ESTATE AGENT, 'GISBORNE TIMES” BUILDING, ' PEEL STREET. GISBORNE. Establißhed 1851. District Agent fur: Australian Widows' Fund Life Assurance Sociaty, Ltd. Guardian Fire Assurance fiooiety, Ltd. iFFERS FOR SALE:— J-Acro £65, I-Acro (corner) £7O, i-Acre £95, 1 Acre £135, all within mile and a quarter of Post Office, and many others in all directions for sale on easy terms. Splendid Suburban Residence'within 12 miles of Town of Gisborne, with 36 acres good land; handy to school, Post Olfice, and store. For absolute sale.—T. G. Lawless, agent. Now 6-roomed Dwelling and two allotments, about a mile from Post Oliico. Quarter-Acre Section, near Footbridge. ■ High prospective value. Splendid Building Allotments, just off Ormond Road and Bus Route. Quarter-aero and five-roomed Dwelling, with bathroom, wash-hpuso, copper set in, fowl rup, etc. Quarter-Acre and 6-roomed Dwelling, wash-house, buggy-shed, etc, £825. Three quarter-Acres and 6-roomed Dwelling. Large main road frontage, with ample room for four new houses. Don’t miss this opportunity. £75 TO £los, Splendid Building Allotments, Desmond Road. Come early and tafce vour pick. £565., Handy suburban . residence, of seven rooms, with i-acre allotment. Two Sections, with total area of 1 Acre, close to Roebuck road bridge. £350. Goodwill of Lease of 5 Acres, 4roomed Cottage, outbuildings, orchard, etc. For further, particulars tyrito Qr call on rjT £B. TAW LESS Li ‘GISBORNE TIMES” BUILDING, PEEL STREET

DOMINION GROCERY. ROEBUCK ROAD (At end of Palmerston Road). THE undersigned begs to announce that he has just opened the above business and as prepared to supply all classes of Groceries at BED-ROCK PRICES FOR CASH. Customers waited on for orders, and goods delivered to all parts of the Town and Suburbs. WALTER J. H. WARNER PROPRIETOR.