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L—3a.

[Telegram.] K. H. Hardy, Te Kuiti. Wellington. Will you kindly arrange for bedrooms somewhere for self and T. W. Lewis. Arriving together Te Kuiti, Friday, 2 a.m., and leaving again Saturday morning. Please reply to-day where, so that we may go there (in arrival. H. D. Bell.

[Telegram.] Bell, Myers, Wellington. Bth March, 1911. Have provided excellent accommodation for both at King's Hotel Grand. Hardy. [Telegram.] B. H. Hardy, Te Kuiti. Wellington, Bth March, 1911. Thanes for telegram about rooms; but await your reply whether you consent my not going. Much prefer stay Wellington. Bell. [Telegra \i . I E. H. Hardy, Te Kuiti. Wellington. Sum.i. be greatly relieved if you consider my attendance meeting unnecessary. Please reply to-day whether you agree with Macdonald. H. D. Bell. [Telegram.] Bell, Myers, Wellington. Bth March, 1911. You need not come. Will Lewis be coming ? Hardy. [Telegram.] B. H. Hardy, Te Kuiti. Wellington. Neither Mr. Lewis nor [ will come. H. D. Bell. No. 33. In consideration of the within-mentioned Herrman Lewis granting certain extended time for the completion of the within-recited option, and in consideration of the Lewis agreeing to hand over to the company all offers, options, and other documents relating to the property, we, the vendors, agree to the issue by the company to Thomas Mason Chambers an additional 400 shares of the nominal value of £10 fully paid up, to be held by the said T. M. Chambers until the completion by the said Herrman Lewis of his undertaking aforesaid. Dated 9th February, 1911. C. A. Loughnan. Mason Chambers.

Memorandum of Agreement made this twenty-seventh day of January, one thousand nine hundred and eleven, between Thomas Mason Chambers, of Havelock North, sheep-farmer, of the one part (hereinafter, together with his executors, administrators, and assigns, except where the context requires a different construction, referred to and included in the term " the first vendor ") of the first part. James Alexander Fraser, of Ashhurst, sheep-farmer (hereinafter, together with his executors, administrators, and assigns, except where the context requires a different construction, referred to and included in the term " the second vendor ") of the second part, and John Moore Johnstone, of Palmerston North, commission agent, and David White, of Hastings, commission agent (hereinafter, together with their and each of their executors, administrators, and assigns, except where the context requires a different construction, collectively referred to and included in the term " the purchasers ") of the third part: Whereas the first vendor is under covenant with one Herrman Lewis to purchase from the said Hen-man Lewis the freehold or alternatively the leasehold interest of the said Herrman Lewis now or at any time hereafter to be acquired of and in the pieces or parcels of land mentioned and described in the First Schedule hereto in terms specially set out in memorandum of agreement bearing date the twenty-seventh day of January, oik , thousand nine hundred and eleven : And whereas the said James Alexander Fraser is the holder of an option to purchase from one George Herbert Stubbs, of Waitara, coal-mine proprietor, all that the leasehold interests of the said George Herbert Stubbs in the pieces or parcels of land more particularly mentioned in the Second Schedule hereto, together with all those the other property real and personal, including the colliery and business of the said George Herbert Stubbs, in such Second Schedule more fully set out and described, but subject to certain subleases therein mentioned : And whereas the said James Alexander Fraser is also the holder of an option to purchase the steamers, machinery, business, and going concern mentioned and described in the Third Schedule hereto : Now this memorandum witnessed! thai they the first and second vendors do hereby severally agree to sell and the purchasers do hereby agree to purchase all those the several pieces or parcels of land and the properties more specifically mentioned in the said First, Second, and Third Schedules hereto, upon the terms and conditions following, that is to say —