The Company may at any time be dissolved by the Votes of three-fourths of the Companions in General Meeting assembled and in the event of the Company being so dissolved or being dissolved by any other means not hereinbefore specially provided for the property of the Company shall subject to the debts liabilities and engagements thereof become divisible among the Companions for the time being in the shares and proportions in which they shall for the time being be entitled thereto yet so nevertheless that all leases agreements for leases and other tenancies for the time being subsisting on the property of the Company shall bind the persons among whom the property comprised therein shall so become divisible and shall continue as valid and effectual to all intents and purposes as if the Company had not been dissolved. NOTES ON THE ABOVE MEMORANDUM. (a) This sentence must be changed into: “such science art and literature as are properly connected with husbandry.” (b) In my sketch, I wrote Companions of St. George. But as the existence of St. George cannot be legally proved or assumed, the tautologically legal phrase must be permitted. (c) This clause cannot stand. The admission into the Company must not be purchaseable; also many persons capable of giving enthusiastic and wise help as Companions, may be unable to subscribe money. Nothing can be required as a condition of entrance, except the consent of the Master, and signature promising obedience to the laws. (d) This clause needs much development. For though the Master must be entirely unrestrained in action within the limits of the Laws of the Company, he must not change or add to them without some manner of consultation with the Companions. Even in now founding the Society, I do not venture to write a constitution for it without inviting the help of its existing members; and when once its main laws are agreed upon, they must be inabrogable without the same concurrence of the members which would be necessary to dissolve the Society altogether. (e) To the development, and enlargement, of the Society’s operations, also. (f) I do not think the Master should have the power of choosing the Trustees. I was obliged to do so, before any Society was in existence; but the Trustees have to verify the Master’s accounts, and otherwise act as a check upon him. They must not, therefore, be chosen by him. (g) A questionable clause, which I have not at present time to discuss. (h) Partly the corollary of (g). The word ‘forfeited’ is morally, if not legally, objectionable. No idea of forfeiture ought to attach to the resolved surrender of transferable claim; or to the accidental inability to discover a fitting successor.