the estates of the province should choose
one. Each director was obliged, to have an interest in the company
amounting to at least six thousand florins, except the directors for
Hoorn and Enkhuizen, of whom only three thousand should be required. The
general assembly of these chambers should consist of seventeen directors,
eight for Amsterdam, four for Zeeland, two for the Meuse, and two for the
north quarter; the seventeenth being added by turns from the chambers of
Zeeland, the Meuse, and the north quarter. This assembly was to be held
six years at Amsterdam, and then two years in Zeeland. The ships were
always to return to the port from which they had sailed. All the
inhabitants of the provinces had the right, within a certain time, to
take shares in the company. Any province or city subscribing for forty
thousand florins or upwards might appoint an agent to look after its
affairs.

The Company might make treaties with the Indian powers, in the name of
the States-General of the United Netherlands or of the supreme
authorities of the same, might build fortresses; appoint generals, and
levy troops, provided such troops took oaths of fidelity to the States,
or to the supreme authority, and to the Company. No ships, artillery, or
other munitions of war belonging to the Company were to be used in
service of the country without permission of the Company. The admiralty
was to have a certain proportion of the prizes conquered from the enemy.

The directors should not be liable in property or person for the debts of
the Company. The generals of fleets returning home were to make reports
on the state of India to the States.

Notification; of the union of all India companies with this great
corporation was duly sent to the fleets cruising in those regions, where
it arrived in the course of the year 1603.

Meantime the first fleet of the Company, consisting of fourteen vessels
under command of Admiral Wybrand van Warwyk, sailed before the end of
1602, and was followed towards the close of 1603 by thirteen other ships,
under Stephen van der Hagen?

The equipment of these two fleets cost two million two hundred thousand
florins.

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