Section 7 A member who withdraws all his shareholdings thereby ceases to be a member.

ARTICLE III

Shares, Deposits and Liabilities Section 1 The par value of each share shall be $5. Subscriptions to shares are payable at the time of subscription, or in equal install- ments at the rate of per month on each share so subscribed; but on any day when installments are due and payable, any number of installments may be paid in advance. Dated this 17th day of February AD. 1969 Witness to the attached signatures J.G. Gauden, 9 Palmer Lane, Parkdale, Prince Edward Island Occupation Managing Director I do hereby approve the foregoing Memorandum of Association. Dated at Charlottetown this twenty-fifth day of April AD. 1969. G. Lorne Monkley Registrar

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