It has been heretofore proposed that, by reducing the number of the Directors to two-thirds, one-third of their salaries could be saved and the allowances to those still employed, or in lieu thereof the existing pay, be so modified, according to the present condition of the Company that, they being satisfied with a tantum to be fixed by your High Mightinesses until the Company's revenues should sensibly increase, something additional might be again allowed them.

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la like manner the employes of the respective Chambers, such as store-keepers, shipcarpenters, cashiers, bookkeepers, clerks, doorkeepers, laborers, and more of the same description, who draw yearly wages from the Company, can, also, be considerably decreased, according as the business and administration of each Chamber may be thought to require. In all cases, in order to prevent excess, a certain reasonable sum should be allowed for each ninth part, not to be exceeded in any instance. The attention of the Chambers ought also be directed to the expenses of house rent, fire, light, office and similar minutias, which amount in the year to a considerable sum. When better order is introduced, a large amount can also be saved in clerkhire, traveling expenses, deputations to the Nineteen frequent and unnecessary ;

Assemblies of the XIX., especially, could be dispensed with, in case a general and permanent Board (whereof mention has been already made) were established, whose expenses would be sufficiently and abundantly economized, were it only in the matter of multitudinous deputations and fruitless meetings. The Company will be principally obliged to get rid of a portion of its ships, which, including cannon, stores, and appurtenances, amount to much more than chartered vessels; and in our opinion the Chambers would be sufficiently provided, were each ninth part to maintain two of its own ships and a yacht, and to hire the remainder at a fitting season.