Chief among the Companions of the Company shall be the Master thereof who so long as he shall hold office shall have full and absolute power at his will and pleasure to make and repeal laws and byelaws (d) and in all respects to rule regulate manage and direct the affairs of the Company and receive apply and administer funds and subscriptions in aid of its objects and to purchase acquire cultivate manage lease sell or otherwise dispose of the estates and properties of the Company and generally direct and control the operations thereof. The Master shall be elected and may from time to time and at any time be deposed by the votes of a majority in number of the Companions in General Meeting assembled but except in the event of his resignation or deposition shall hold office for life. The first Master of the Company shall be John Ruskin who shall however (subject to re-election) only hold office until the first General Meeting of the Companions. The Master shall render to each Companion and shall be at liberty if he shall so think fit to print for public circulation a monthly report and account of the operations and financial position of the Company. No Master or other Companion of the Company shall either directly or indirectly receive any pay profit emolument or advantage whatsoever from out of by or by means of his office or position as a member of the Company. The practical supervision and management of the estates and properties of the Company shall subject to the direction and control of the Master be entrusted to and carried out by land agents tenants and labourers who shall be styled Retainers of the Company. The name of each Retainer in the permanent employ of the Company shall be entered in a Register to be called the Roll of Retainers and to be kept at the same place as the Roll of Companions. Such entry shall be made either by the Retainer himself in the presence of one witness of full age who shall attest the entry or if the Retainer shall so desire by the Master with the same formalities. No pecuniary liability shall attach to any Retainer of the Company by virtue of his position as such but each Retainer shall by virtue of the entry of his name on the Roll be deemed to have bound himself by a solemn vow and promise as strict as if the same had been ratified by oath to be true and loyal to the Company and faithfully to keep and obey the statutes and rules thereof and the orders and commands of the officers of the Company who from time to time may be set over him. Each land agent and labourer being a Retainer of the Company shall receive and be paid a fixed salary in return for his services and shall not by perquisites commissions or any other means whatever either directly or indirectly receive or acquire any pay profit emolument or advantages whatever other than such fixed salary from out of or by means of his office or position as a Retainer of the Company.