the Directors of the cities in which the Chamber was not, at the then present time established, or at least some of them, must also remove their residence thither, on condition that such Directors receive a larger stipend than their associates who do not change residence; and the others must attend as often as summoned by the Chambers. The ships should also be equipped and fitted out during the aforesaid term of four years, in that city where the Chamber resides but the purchase of the cargoes and necessaries, as far as it could be effected ;

advantageously for the Company, might be ordered to be done in the cities where the remaining Directors reside. And on the expiration of the first four years, they should remove, with all the attendants, to the second place; in the same manner as the Board of Admiralty is in the habit of doing in the two cities of Hoorn and Enckhuyzen.

Moreover, the Directors must be obliged'4o attend the weekly meeting, on pain of a reasonable fine, or the deduction of so much of their salary as that day shall amount to, inasmuch as it has otherwise occurred that they frequently absent themselves, according to their own convenience; acquiring no thorough nor connected knowledge of affairs, nor being able to advise fundamentally on any business that may arise. The details of each Chamber may be distributed within itself, among different Commissaries, to wit: to take charge of accounts and the office, the cash; the merchandise; the stores; the wet and dry provisions. In regard to their administration, they ought to keep a register and books, in order to render an account at the Assembly, and to furnish at all times a statement without hiring bookkeepers and clerks, particularly for that purpose, or increasing unnecessarily the number of dependents.