1. The name of the Company is "The New Zealand Shipping Company (Limited)"

2. The Registered Office of the Company will be situate in Christchurch, New Zealand.

3. The objects for which the Company is established are—

(a)	The building, purchasing, chartering, hiring, equipping, fitting out, sailing under the British or other flag or flags, managing, reselling, and letting out to hire of ships or vessels or other craft of every description, whether propelled by steam or other power or not, or any share or interest therein.
(b)	The carrying or conveying and transmitting of mails, specie, bullion, goods or merchandise, and passengers by sea or land.
(c)	The purchasing, renting, hiring, or otherwise acquiring, occupying, selling, letting, or otherwise disposing of, constructing, altering, pulling down, repairing, or removing any houses, land, wharves, piers, stages, warehouses, sheds, stores, or other hereditaments, page 8 premises, estates, effects, or any grants, subsidies, concessions, real or personal, or other property of whatsoever kind, tenure, or description required for the purposes of the Company.
(d)	The granting or borrowing and obtaining advances or loans, with security or without security.
(e)	The purchase of the business, goodwill, or other interest of any persons, partnerships, or companies, or amalgamation or other union of interest or working arrangements with any Company of a similar nature.
(f)	The holding, purchasing, or acquiring, reselling and disposing of shares in any steam or other ship Company or undertaking with Limited Liability, having for its object the transmission of goods, merchandise, produce, and passengers by land and water.
(g)	And generally the doing of all other acts and things which may be necessary, incidental or conducive to the attainment of the objects before stated, or any of them, and of such other objects as may be consistent with the ordinary business of an owner or charterer, worker or manager of ships, including that of shipping and insurance brokers.

4. The liability of the Members is limited.

5. The Capital of the Company is £100,000 (One Hundred Thousand Pounds), divided into 10,000 (Ten Thousand) Shares of Ten Pounds each, of which 5,000 (five Thousand) shall constitute the first issue.

We the several persons whose names and addresses are subscribed, are desirous of being formed into a Company, in pursuance of the Memorandum of Association of "The New Zealand Shipping Company (Limited)," and we respectively agree to take the number of Shares in the Capital of the Company set opposite our respective names:—