_6th_, That the first expedition, independently of its own funds, take out L.28 of each share, and L.14 of each half share, of the subscribers who are to follow, to be laid out as a New Zealand investment, the remaining L.22, or smaller sum, being left to carry out these following shareholders, and to provision them for a year in New Zealand. The passage provision to be plain and wholesome, any thing beyond this to be charged extra. The funds taken out to be in blankets, iron, tools, implements, utensils, dollars, and other articles suited for traffic with the natives. FURTHER REGULATIONS RESPECTING THE MANAGEMENT OF THE COMPANY’S AFFAIRS. _1st_, As soon as what is considered a sufficient number of shareholders shall have subscribed, that a general meeting be held of the shareholders, or their accredited agents, to choose a Governing Committee or Directory,[9] in which will be vested full powers to carry on the enterprize in the most effectual manner. This Directory will purchase or hire a vessel or vessels, to sail for N. Zealand as early as possible, and as soon as a sufficient number, say one hundred shareholders, are prepared to go out: The Directory having discretionary power to choose and limit those going out, in case the number coming forward at the time of sailing exceed what the vessel or vessels can conveniently carry, so that those on the first expedition may be as masculine and efficient as possible, but in no case to separate the members of a family without their own consent. _2d_, That previous to the sailing of the first expedition, in which the Directory and Company’s officers will go out, a Home Director, Deputy, Secretary, and Treasurer shall be appointed, forming a Home Committee, along with a Head of Department and Deputy Head for each district. This Home Committee to act under the directions of the Foreign Committee or Directory, in managing the concerns, and sailing of the expeditions which follow;--the Foreign Directory having the sole management abroad in laying out the capital of the Company, and in directing matters generally.[10] _3d_, That, previous to the sailing of the first expedition, the amount of the shares be ascertained, and the first subscription closed. A second subscription to be immediately commenced, for further investment in New Zealand, under the management of the Directory in New Zealand, who will purchase territory with the second and further subscription funds, as soon as the funds are sent out.