Seal.

142. The Seal of the Company shall contain within a circle the words "The Co-Operative Land Settlement Company, Limited."

Names, Addresses, and Descriptions of Subscribers.

• Robert Stout, Barrister, Dunedin.
• William John Birch, Dairyman, Dunedin.
• John Smalley Pole, Carpenter, Dunedin.
• William Mouat Bolt, Storeman, Dunedin.
• Wm. Thompson, Gentleman, Dunedin.
• James Wright, Farmer, Mosgiel.
• John Wm. Milnes, Accountant, Dunedin.

Dated the twenty-third day of August, 1889.

Witness to the above signatures—