All that parcel of land in the Province of Otago, containing by estimation one hundred and sixty-two acres two roods and twelve poles, more or less, the boundaries thereof commencing at a point on the northernmost boundary line of the parcel of land now or lately vested in the Oamaru Dock Trust, the said point being 520 links, more or less, distant from the northernmost corner of the said parcel of land vested in the Oamaru Dock Trust along the said northernmost boundary line thereof; proceeding thence in an easterly direction four thousand and eighty (4080) links; thence in a southerly direction four thousand three hundred and thirty-five (4335) links; thence in a westerly direction two thousand eight hundred and thirty-five (2835) links; thence in a southerly direction two hundred and eighty (280) links; thence in a westerly direction five hundred and seventy (570) links; thence in a north-westerly direction nine hundred and ten (910) links; thence in a northerly direction seven hundred and twenty (720) links; thence in an easterly direction one hundred and thirty-eight (138) links; thence in a northerly direction four hundred and four (404) links; thence in a northerly direction three hundred and seventy-five (375) links; thence in a northerly direction seven hundred and ten (710) links; thence in a south-easterly direction one thousand two hundred (1200) links; thence in a northerly direction two thousand two hundred and eighty (2280) links; thence in a north-westerly direction one thousand one hundred (1100) links to the starting point, or howsoever otherwise the said parcel of land is or may be bounded described known or distinguished.

Also all that parcel of land bounded on the North by a boundary line of the parcel of land now or lately vested in the Oamaru Dock Trust, commencing at a point on the east side of Tyne Street, the said point being situated seven hundred (700) links south of the north-east corner of Tyne and Itchen Streets, and proceeding thence in an easterly direction for a distance of four hundred and sixty (460) links; thence bounded on the South-east by a line five hundred and twenty-five (525) links long, to a point in the north side line of Wansbeck Street three hundred and three (303) links east of Tyne Street; thence by a line abutting on Wansbeck Street running westerly one hundred and fifty (150) links; thence by a line at right angles to Wansbeck Street, running in a northerly direction for a distance of two hundred (200) links; thence by a line parallel to Wansbeck Street and two hundred (200) links distant therefrom, running in a westerly direction for a distance of one hundred and fifty-three (153) links to a point situated in the east side of Tyne Street one thousand (1000) links south of the north-east corner of Tyne and Itchen Streets aforesaid; thence bounded on the West by a line abutting on Tyne Street, three hundred (300) links long, running in a northerly direction to the starting point.

All that parcel of land in the Town of Oamaru, in the Province of Otago, bounded on the South by a line abutting on the north side of Itchen Street, commencing at the north-east corner of Tyne and Itchen Streets, and continuing in a westerly direction along Itchen Street for a distance of two hundred and twelve (212) links; thence by a line two hundred and eighty-six (286) links in length, to a point in the east side of Thames Street, the said point being one hundred (100) links north of the corner of Itchen Street; thence on the West by a line eighty (80) links long running north and abutting on Thames Street; thence on the North by a line two hundred and ten (210) links long running in an easterly direction at right angles to Thames Street; thence by a line running in a south-easterly direction for a distance of one hundred and forty (140) links to a point situated fifty (50) links north of Itchen Street; thence by a line running in an easterly direction parallel to Itchen Street for a distance of one hundred and sixty (160) links; and thence on the East by a line running in a southerly direction in continuation of the eastern side of Tyne Street for a distance of fifty (50) links to the starting point.

And also all that parcel of land in the Town of Oamaru aforesaid, bounded on the West by a line abutting on Tyne Street, commencing at a point twenty-six (26) links south of the north-east corner of Tyne and Itchen Streets, and continuing southerly along Tyne Street seventy-four (74) links; thence by a line running in an easterly direction at right angles to Tyne Street thirty-three (33) links long; thence on the South-west by a curved line, being an arc seven hundred and sixty (760) links in length of a circle having a radius of eight hundred and seventy-six (876) links, to a point in the southern boundary of the parcel of land now or formerly vested in the Oamaru Dock Trust and situated four hundred and sixty (460) links east of Tyne Street; thence on the South by a line running eastward for a distance of one hundred and sixteen (116) links; thence on the East by a line running in a northerly direction parallel to Tyne Street for a distance of seven hundred and fifty (750) links; thence by a line running in a westerly direction and at right angles to last-mentioned line for a distance of one hundred and fourteen (114) links; thence by a line running in a northerly direction and parallel to Tyne Street for a distance of fifty (50) links; thence by a line running in a westerly direction and at right angles to the last described line, for a distance of sixty-two (62) links; thence by a line running in a southerly direction, and parallel to Tyne Street for a distance of two hundred (200) links; thence by a line running in a westerly direction in the continuation of the south side line of Itchen Street for a distance of two hundred and sixty-eight (268) links to a point one hundred and thirty-two (132) links east of Tyne Street; and thence by a line running in a north-westerly direction for a distance of one hundred and fifty (150) links to the starting point.

And also all that parcel of land in the Town of Oamaru aforesaid, bounded on the North by the northernmost boundary line of the said parcel of land, now or formerly vested in the Oamaru Dock Trust, commencing at a point one hundred and twenty-six (126) links east of Humber Street, in the direction of the said northernmost boundary line, and continuing in an easterly direction for a distance of seventy-seven (77) links along the said boundary line; thence on the East by a line bearing one hundred and seventy-six (176) degrees sixteen (16) minutes east of magnetic north, and eight hundred and sixty-five (865) links long; thence on the South by a line running in a westerly direction at right angles to last-named line for a distance of seventy-six (76) links; thence on the West by a line running in a northerly direction at right angles to last-named line for a distance of eight hundred and seventy-six (876) links to the starting point.

All that parcel of land in the Town of Oamaru aforesaid, bounded on the North by the southernmost boundary line of the parcel of land last described in the above Second Schedule, being a line of an easterly direction, and of the length of seventy-six (76) links; thence by a line running in a southerly direction for a distance of two hundred and sixty (260) links; thence by a line running in a westerly direction for a distance of seventy-six (76) links; and thence by a line running in a northerly direction for a distance of two hundred and sixty (260) links to the starting point; all the four angles formed by and contained within the above four boundary lines being right angles.