Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2179, 1 May 1908, Page 3

PIIOSPECTUS OF GRUNDY &SHENNAN, LIMITED. Directors: — ERNEST GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing Directors :- E GE Director , , r . FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSS DOTH AM, ol Gisborne, Tailor CHARLES DANIEL MALCOLM ROSIE, of Gisborne, Drapor ROBERT ROBERTSON, of Gisborne, Clothier THOMAS CORSON, of Gisborne, Agent , INTERIM SECRETARY: , C. G. I’IESSE, Public Accountant, Adair’s Buildings, Gisborne. 2. Tho objects and powers of the Company are set out in the Memorandum of Association, a copy of which can bo obtained from the Secretary. 3. Tho Capital of tho Company js £5,000, divided into 5,000 shares of £1 each. 4. Of tho above-mentioned shares 1,800 shares, representing 1,800 of tho Company’s nominal capital, are to bo issued and credited as paid up .in full in part consideration of tho sale to the Company, particulars of which are given in paragraph No. 0 hereof; such further shares as may bo necessury to satisfy the balance of consideration for such sale as may bo found to be duo shall be issued and credited as fully paid up oil the ascertainment of such consideration as provided in such contract of salo. A further 2,000 sliaros aro now offered to tho public for subscription, to be paid as follows: , .... Five shillings per share on application Five shillings per share on allotment, And tho balance by calls of 5s per sliaro at periods of not less than three months’ interval. 6. Tho minimum subscription on which tho Directors may proceed to allotment is 1,000 shares. 6. This Company has been formed for tho following purposes:— (1) To acquire and carry on tho business of Messrs Grur.dy and Shennan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. (2) To acquire and undertake the wliolo or any part ol tho 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 the Memorandum of Association, a copy whereof forms part of this Prospectus. ' 7 Tho names and addresses of the Vendors of the said business of Grundy and Shcnnan, being tho property now proposed to bo purchased or acquired by the Company, are: — 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 Shennan, as such Vendors, is the sum of £3OO dor tlio 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 saul Company, and a further sum representing the stoclc-in-trade, plant, book debts, and furniture belonging to the said firm of Grundy and Shennan, to bo ascertained by a valuation to bo mado as at the date when the Company shall bo 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 bo paid to tho Vendors in the 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 the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-fivo forty-sevenths to the said George Vincent Shennan, and for any increased value in the said business since the said 30tk 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-fifths to tho said George Vincent Shennan. 9 Tho preliminary expenses of and incidental to the formation and establishment of tho Company and until the Company shall bo entitled to commence business are estimated to amount to £SO, and will be borne by the 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 £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 tho promo tion of and in the property proposed to be acquired by the 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 tho funds of tho 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 6uch 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 Chrasp and Coleman, the Company’s Solicitors, Lowe Street, Gisborne, during business hours. 14 Applications for shares should be made upon the necessary form, and "sent to Mr. C. G. Pie6se, Interim Secretary, together with the amount payahlo 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 G. V. SHENNAN FRANCIS STAFFORD J. ROSSBOTHAM CHARLES DANIEL MALCOLM ROSIE ROBERT ROBERTSON THOS. CORSON Witness to Signatures—O. G. PIESSE, Gisborne.

THE MART, LOWE STREET. F. S. Malcolm & Co. (Late Central Auotion Rooms, Christchurch), AUCTIONEERS & VALUERS, LAND and ESTATE AGENTS, etc. AUTHORISED VALUERS EOR PROBATE. COMMODIOUS and CENTRAL AUCTION ROOMS. LOWE STREET, GISBORNE. OUTDOOR SALES Personally and Economically Conducted by our Mri Malcolm, assisted by competent Staff. AUCTION SALES at Mart EVERY SATURDAY—PRODUCE, 11 a.m. FURNITURE, 12 Noon. FURNITURE and EFFECTS BOUGHT OUTRIGHT from Clients not wishing to take the trouble and risk of Auction Sale. FOR PRIVATE SALE. Consignment of Auckland Kauri and AVickor Furniture. Bedsteads and Bedding, Carpets, Rugs, Chairs, Overmantels, Pictures, Chamberware, and quantity Sundries, at' VERY LOAV PRICES. Prompt Acoount Sales. Telephone, No. 12. Bankers: Bank of New Zealand. F. S. MALCOLM & CO., THE MART, Lowe Street, GISBORNE. C. HAWKINS, THE POPULAR CASH DRAPER. H AS Just Opened Up a LARGE CONSIGNMENT OF NEW MILLINERY LADIES’ JACKETS BLOUSINGS And DRESS MATERIALS. GENERAL STOCK FOR THE AVINTER SEASON. LADIES! COME AND SEE FOR YOURSELVESTRUST YOUR HAIR TO MORSE’S CARE. FIVE CHAIRS KEPT GOING.