Page 3 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2170, 21 April 1908, Page 3

PROSPECTUS OF ORUNDY & SHENNAH, LIMITED. Directors: — . ERNEST GRUNDY, of Gisborno, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing Director , ~ , FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSSJ3OTHAM, ol Gisborne, 1.a.10r CHARGES DANIEL MALCOLM ROSIE, of Gisborno, Draper ROBERT ROBERTSON, of Gisborno, Clothier THOMAS CORSON, of Gisborno, Agont INTERIM SECRETARY: , C. G. PIESSE, Public Accountant, Adair’s Buildings, Gisborne. 2. The objects and powers of tbo Company are set out in the Memorandum of Association, a copy of which can bo obtained from tho Secretary. 3. Tho Capital of tho Company is £5,000, divided into 5,000 shares of £1 each. 4. Of tho above-mentioned shares Company’s nominal capital, arc to bo full, in part consideration of the sale aro given in paragraph No. 6 hereof; sary to satisfy tbo balance of consider to bo duo shall bo issued and credited of such consideration as provided in 2,000 shares aro now offered to tho follows: 1,800 shares, representing 1,800 of tho issued and credited as paid up in to tho Company, particulars of winch sue!] further shares as may bo necesation for such sale as may bo found as fully paid up on the ascertainment such contract of sale. A further public for subscription, to bo paid as Fivo shillings per share Five shillings per share And tho balance by calls of 5s per months’ interval. on application on allotment, share at periods of not less than three 5. Tho minimum subscription on which tho Directors may proceed to allotment is 1:000 shares. G. This Company has been formed (1) (2) (3) To acquire and carry on tho nan, of Gisborno, Cabinetmoii, and Furniture Warehou Toj -acquire and undertake goodwill, assets, property, firm, or company carrying on business as Cabinetmakers, nit-uro Warehousemen, or tho to carry on under its Memora And, as set out in the Memo forms part of this Prospectus. for the following purposes:— business of Messrs Grundy and Shellmakers, Upholsterers, Carpet Salessemon. tho whole or any part ol the business, rights, or undertaking of any person, or having *Jiower to carry on any Upholsterers, Carpet Salesmen, Furlike, which this Company has power ndum of Association, randum of Association,.a copy whereof 7 Tho names and addresses of the Vendors of the said business of Grundy and Shennan, being tho property now proposed to bo purchased or acquired by the Company, aro:— ERNEST GRUNDY, of Whataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. 8. Tho amount to bo paid to tho said Ernest Grundy and George Vincent Shonnan, as such Vendors, is the sum ol £3OO tor the goodwill of the said business and the leasehold property ot Messrs Grundy and Shennan, to bo paid in 300 fully paid-up shares in the said Company, and a further sum book debts, and furniture belonging representing tho 6tocic-in-tradc, plant, book debl , .... , -j. - to the said firm of Grundy and Shennan, to bo ascertained by a valuation to be made as at tho date when the Company shall be entitled to commence business, is to bo 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 tho goodwill, leasehold properties, stock-in-trade, plant, furniture, and book debts, as at the 30th day of Juno 1907 in the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twentv-iivo forty-sevenths to the said George .Vincent Shennan, and for anv increased value in tho said business since the said 30th day of June, 1007 un to the date when the Company is entitled to commence business, in the of three-filths to the said Ernest Grundy and two-fiftlis to the said George Vincent Shennan. 9 Tho preliminary expenses of and incidental to tho formation and establishment of tho Company and until the Company shall be entitled to commence business aro estimated to amount to £SO, and will be borne by tho Company. 10 Tho Company lias agreed to pay a commission at the 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 irectors, are interested in th 6 promotion of and in the property proposed bo acquired by tlio Company to the extent only of their interests as endors under tho contract, particulars of which aro given in Clause 8 sreof. -12 A Director’s qualification shall bo 50 shares. The Directors shall ho paid out of tlio funds of tlio 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 and manner as the Directors may determine. 13. Tho 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 bo inspected at the offices of Messrs Clirisp and Coleman, the Company’s Solicitors, Lowo Street, Gisborne, during business hours. 14. Applications for shares should be made upon the necessary form, and 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 bo obtained at the olfice of Mr. C. G. Piesse, Adair’s Buildings, Lowo Street. 15. This Prospectus has been duly filed with tho Registrar of Joint Stock Companies. Dated the sixteenth day of March, 1908.. ERNEST GRUNDY CHARGES DANIEL MALCOLM ROSIE G V SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD TH OS. CORSON J. ROSSBOTHAM Witness to Signatures—o. G. PIESSE, AccounN.3t, Gisborne.

Tel - 193. P.O. Box 98. m jH . J AWLESS, JL. Ur, JU awless, LAND AND ESTATE AGENT, “GISBORNE TIMES” BUILDING, PEEL STREET. GISBORNE. Established 1891, District Agent for: Australian Widows' Fund Life Assurance Society, Ltd. Guardian Fire Assurance Sooiet?, Ltd. QFFERS FOR SALE:— i-Acre £65, i-Acre (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 term 6. Splendid Suburban Residence within 12 miles of Town of Gisborne, with 36 acres good land; handy to school, Post Office, and store. For absolute sale.—T. G. Lawless, agent. New 6-roomed Dwelling and two allotments, about a mile from Post Office. Quarter-Acre Section,’ near Footbridge. High prospective valuo. . £IOO. Splendid Building Allotments, just off Ormond Road and Bus Route. 'S i Quarter-acre and five-roomed Dwelling, with bathroom, wash-house, copper set in, fowl run, etc. £SOO. Quarter-Acro and 6-roomcd Dwelling, wash-house, buggy-shed, etc. £825. Throe quarter-Acres and 6-roomcd 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 take your pick. Handy suburban residence, of seven rooms, with i-acre allotment. £2OO. 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. 4^ For further particulars write or call on T. G. I/ WLESS “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 is 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.