Page 3 Advertisements Column 5

Gisborne Times, Volume XXVI, Issue 2172, 23 April 1908, Page 3

DO NOT THROW CHANCES AWAY. TF YOU Dl SIRE AN INVESTMENT WHICH IS HONEST, SAFE, AND PROF TABLE FOR EITHER FARMERS, PROFESSIONAL MEN, TRADESMEN, OR WORKING MEN W. USSANT C LAYTON CAN FIND IT FOR YOU. niiEEP RUNS OR HP OWN T> ROPERTIES, gOUND gHARF JNVESTMENTS. IDENT OR JgIRE JNSURANCE. NOTHING SUCCEEDS LIKE SUCCESS! THE RUSH OF ORDERS has caused me to have new Machinery Installed at the Factory,' in order to cope with the demand for HIGH-CLASS FURNITURE; MY EASY TIME PAYMENTS enable all to Furnish the Home with Comfort and Taßte. Make out a List of your Requirements, and forward same at once. My quotations will satisfy you. The materials I work with are the best, the workmen are skilled artisans, and my prices are at bedrock. JUST TAKE A WALK THROUGH MY SHOWROOM IN PEEL-STREET C. TAYLOR. FACTORY—UPPER GLADSTO NEiROAD. SHOW ROOMS— PEEL-STREET-Great Nuisance. JUST LANDED LARGE STOCK OF NEW SEASON’S TWEEDo. Great Public Effort IS NEEDED TO REMOVE SAME FROM ADOLF ZAGHARIAH, CASH TAILOR.

PROSPECTUS OF . 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 he 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.l,Boo of_tho 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 bo 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 he paid as follows: . Five shillings per share on application Five shillings per share on allotment, And the balance* by calls of os per sharo 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. 6. This Company has been formed for the following purposes:— (1) To acquire and carry on the business of Messrs Grundy, and Shornnan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture "Warebou semen. (2) To acquire and undertake the 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 the like, which this Company has power to carry on under its Memorandum of Association. (3) And, as sot 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 Shemian, 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. S. The amount to be paid t» the said Ernest Grundy and George Vincent Shcunan, as such Vendors, is the sum of £3OO for the goodwill of the said business and tko leasehold property of Messrs Grundy and Shennan, to bo paid in 30 b 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 bo ascertained by a valuation to be made as at the 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 in the.following proportions, namely:—For the goodwill, leasehold properties, stock-in-trado* plant, furniture, and book debts, as at the 30th day of June, 1007, in th» proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to the said George Vincent Shennan, and to? any 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 business,, in the proportion of thrce-fiftlis to the said Ernest Grundy aanl two-fifths to the said George Vincent Shennan. 9. The preliminary expenses of and incidental to the formation .and! establishment of tho Company and until the 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- or' £&, 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 Yfoeewt Shennan, Managing Directors, are interested in the promotion of and in the property- proposedto be acquired by the Company to. the extent only of their interests as Vendors under the contract, particulars of which .are given in Clause 3hereof. 1 13 A Director’s qualification shall he 50 shares. The Directors shall liepaid out of the funds of the Company, by way of remuneration for their services, swell sum or sums as tho Company may from time to time fix at a general meeting, and suqlt y-emvji oration shall be divided amongst them in such proportion and manner as tho Directors may determine. 13. Tho s'o.ek-sheets and balance-sheet of Messrs Grundy mad Shennan, copie., to'O,” Memorandum and Articles of Association of the Company, andof thv „.ivict referred to' in Paragraphs No. 6 hereof, can be inspected at the office; of Messrs Chrisp and Coleman, the Company’s Solicitors-.. Lowo 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 withi the amount pavablo on application. Copies of the Prospectus anc\ tanas of. application for shares may be obtained at the office of Mr, Q, tj. Piesse, Adair’s Buildings, Lowe Street. 15. This Prospectus has been duly file; 1 , with the Registrar of Joint Stoc& Companies. Dated the sixteenth day oi March, l-908t ERNEST GRUNDY- CHARLES DANIEL MALCOLM ROSIE G. V. SHENNAN ROBERT ROBERTSON FRANCIS STAFFORD. TECS. CORSON J. ROSSBOTHAM Witness to Signatures— G- G.< PIESSE., Accous>t9.t» Gisborne. ■