Page 3 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2177, 29 April 1908, Page 3

GISBORNE PLUMBING AND PAINTING WORKS. F. HALL AND SONS, MANUFACTURERS Spouting, Downpipo, Ridging, Guttering, lank., Baths, Chimnoys u Portable Copper Boilers and frames, Dairy Utensils, Eto. AL T of Corrugated Iron, Plain Gahanf sed Iron Sheets, Black and Galvanised Gaß and Water Pipes and Fittings (all sizes). PUMPS, RAMS, AND HYDRAULIC WINDMILLS Erected in any part of the District. HOT AND COLD WATER FILTERS. If you want SOMETHING SPECIAL, Call and See U«. SPECIAL DISCOUNTS TO THE TRADE. Having a Largo Staff of Competent Worfamon, all work ontrußted to us will bo satisfactorily dono, and with the quickest despatch. HOUSE, SIGN, AND DECORATIVE PAINTERS. LARGE STOCKS of Wall Papers, Mixed Faille, Oils, Leads, Varnishes and Trade Requisites. Being DIRECT IMPORTERS, we are in a position to DEFY COMPETITION ir Good.. f „ALL & SONS. Pr.pri.tor.. J. 8. ALLAN, Manager, Plumbing Department. PROSPECTUS OF GRUNDY &SHENNAN, LIMITED. 1. Directors: — ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SIIENNAN, of Gisborne, Upholsterer, Managing Director ' FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ItOSSBOTHAM, of Gisborne, Tailor CHARLES DANIEL MALCOLM ROSIE, ot Gisborne, Diaper 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 aro set out in the Memorandum of Association, a copy of which can bo obtained from the Secretary. 3. Tho 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 tho Company’s nominal capital, are to bo issued and credited as paid up m full in part consideration of the sale to the Company, particulars of which aro given in paragraph No. 0 hereof; such further shares as may be necessary to satisfy the balance of consideration for such sale as may bo found to bo duo 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 share on application Five shillings per share on allotment, And the 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. 6. This Company has been formed for the following purposes:— (1) To acquiro 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 Shennan, being tho property now proposed to be purchased or acquired by the Company, are:— ERNEST GRUNDY, of Wliataupoko, Cabinetmaker GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer. 8 Tho amount to be paid to the said Ernest Grundy and George Vincent Shennan, as such Vendors, is tho sum of £3OO for the goodwill of the said business and the leasehold property of Messrs Grundy and Shennan, 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 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 be 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-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 twenty-five forty-sevenths to the said George Vincent Shennan, and for any increased value in tho said business since the said 30th day of June, 1907 up to the date when the Company is entitled to- commence business, in the proportion of three-fifths to the said Ernest Grundy and two-fiftlis to tho said George Vincent Shennan. 9 The preliminary expenses ,of and incidental to the formation and establishment of tho Company and until the Company shall ho entitled to commence business are estimated to amount to £SO, and will be borne by tho Company. 10 Tho Company has agreed to pay a commission at the rate of £5 per centum on ah shares subscribed in lots of 200 or under, and £2J 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 tho property proposed to be acquired by tho Company to the extent only of their interests as Vendors under the contract, particulars of which are given in Clause 8 hereof. 12 A Director’s qualification shall be 50 shares. The Directors shall be paid out of the funds of tho 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 proportion 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 Clirisp 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. Pie6sc, 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 Stoclr Companies. Dated the sixteenth day of March, 1908. ERNEST GRUNDY G. V. SHENNAN FRANCIS STAFFORD J. ROSSBOTHAM CH ARLES DANIEL MALCOLM ROSIE ROBERT ROBERTSON THOS. CORSON Witness to Signatures—C. G. PIESSE, AccouuVst, Giaborne.

EVANS. NIELD and COMPANY, (j^AWMILLERS, miMBER AND JJARDWARE jy/jER CHANTS, Keep in Stock and Sell at LOWEST CURRENT RATES—SAWN AND DRESSED KAURI, RIMU, AND TOTARA. All Sizes and Qualities to Suit Local Building Requirements. Every Description of Builders’ Hardware Stocked. NEWCASTLE, WESTPORT, AND TAUPIRI COAL (Screened, Steam, and Smithy). Agents— Alliance Assurance Conipany, Limited (Fire and Marine). Schooner “Awanui.” Office and YardsUpper Glads tone-road. EVANS, NIELD & COMPANY GLADSTONE-ROAD, GISBORNE. FRANK HARRIS, Proprietor. Wineo and Spirits of the Very Beit Brands Procurable. Special Attention Afforded the Travelling F-T.blio. H OTEL, MICRO 1 MICRO! MICRO! A MEDICATED SOAP.