Greenwich (London, UK)

From last August 31st to September 4th, the 26th International Congress of Vexillology happened in Sydney, Australia. The next ICV will happen in 2017, in London, more specifically in the University of Greenwich and the Old Royal Naval College, in the royal borough of Greenwich. So I think designing a flag for Greenwich would be welcome.

My inspiration for this design was the 1903-1965 coat of arms, before the annexation of Woolwich borough (for this specific purpose, I don't think that references to Woolwich are needed). The first attempt was a simplified version of the banner of arms (i.e. with less stars):

The central stripe is tinier in reference to Prime Meridian, also referred by the hourglass. The stars represent the Royal Observatory.

For my second attempt, I removed one more star, to make the flag look more balanced:

I like the result. But I'm not sure if it's better than with reversed colors:

I have a feeling that this version looks more "natural", but less unique.

Comments and suggestions are welcome.

Which of the three is your favorite proposal for Greenwich flag?