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ATRANSLATIONOFTHECHARTEROFTHEDUTCHEASTINDIACOMPANY:
PeterReynders,Translator
RupertGerritsen,Editor
PeterReynders,RupertGerritsen,AustralasianHydrographicSocietyPublishedby:
AustraliaontheMapDivisionoftheAustralasianHydrographicSociety2009
POBox8145
AustralianNationalUniversityCanberra
ACT2601
ATRANSLATIONOFTHECHARTEROFTHEDUTCHEASTINDIACOMPANY(VERENIGDEOOSTINDISCHECOMPAGNIEorVOC):GRANTEDBYTHESTATESGENERALOFTHEUNITEDNETHERLANDS,20MARCH16021,2
TheStatesGeneraloftheUnitedNetherlandssaluteallthosewhowillbeshownthis.
WeletitbeknownthatastheprosperityoftheUnitedNetherlandsisprincipallyaresultofourmercantiletradeandcommercethathasundergonepraiseworthyincreasesfromtimetotimeandthattheNetherlandshavebeeninvolvedtherewithsincethedistantpast,notonlywithneighbouringkingdomsandregions,butalsowiththoselocatedfurtherawaythanthese,inEurope,AsiaandAfrica.
Overthepastdecadeseveralprominentmerchantsfromtheabovementionedcountries
commencedpraiseworthyshippingtradeandcommercewiththeEastIndies.Thesefollowersofthemercantiletradeandcommerceinforeignlandshave,atgreatcost,effortanddifficulties,foundedacompanyintheCityofAmsterdam,acommendableshippingenterprisetradingintheEastIndies.Shortlyafterthatacompanywassetupandthiswasfoundtobemostworthwhile,anumberofothermerchantsincludingfromZeelandandfromalongtheMeuseaswellasfromtheNorthquarterandWestFrieslandfoundedsimilarcompaniesandimmediatelyjoinedtheshippingtradeandcommercementionedabove.
Thiswasconsideredbyus,theStatesGeneral,andgivendueweightinrecognisinghowmuchimportancetotheunitedprovincesandthegoodresidentsthereofwastheretoattachedthatthisshippingtradeandcommercebemaintainedandallowedtoincreasethroughapplicationofanappropriategeneralorganisationofitspolicy,ourmutualrelationsandadministration.
TheDirectorsoftheabovementionedcompanieswerethenceinvitedtoconsultwithusandproposethatthesecompaniesbeunitedandwouldthereinparticipate,asitwouldnotonlybeofserviceandprofitablefortheunitedprovinces,butalsoforallwhohadcommencedthiscommendabletrade.Throughthecreationofafixed,secureandorderlyentitytheywillbebondedtogether,managedandexpandedforthegoodofalltheresidentsoftheunitedprovinceswhowouldliketoparticipateinit.
Therepresentativesfromtheabovementionedcompaniesunderstoodthiswellandaftertheycametoagreethroughvariousdiscussions,explanatorysessions,andreports,wehave,afterhavingconductedduedeliberationstakingintoconsiderationtheprogress,serviceandwelfareoftheunitedprovinces,jointlysucceededinbringingaboutaunion.
Wehavealsoapprovedandconfirmedthisonthebasisofoursovereignpowerandauthority,applyingourbalancedunderstanding.Thepoints,privilegesandadvantagesaredeclaredasfollows:
Firstly,thatinequippingfortheserviceandtheadvantageofthisCompany,the
ChamberofDirectorsintheCityofAmsterdamwillhavetoadvanceanddeliveronehalfoftheinvestment,theChamberofZeelandaquarter,andtheChambersoftheMeuseandofNorthHollandandWestFrieslandone-eightheach.
AsoftenaswouldbeneededageneralmeetingorBoardconsistingoftheabovementionedChambersshallbeheldcomprisingseventeenpersons.ThereintheChamberofAmsterdamshallappearwitheight,Zeelandwithfour,twofromtheMeuseChamber,andtwofromNorthHolland,providedthattheseventeenthpersonwillbenominatedinturnsbyChambersofZeeland,theMeuseandNorthHolland,shallbeelectedbyamajorityofvotes.AllbusinessofthisUnitedCompanyshallbetakencareofbythesepersons.
WhenevertheabovementionedBoardmeets,itshalldeterminewhentheequippingofshipswilloccurandhowmany,wheretheyshallbesentandothermattersrelatingtothetrade.
TherespectiveChambersofAmsterdam,Zeeland,theMeuseandNorthHollandshallimplementtheresolutionsofthesaidBoard.
TheconveningandmeetingsoftheabovementionedBoardshalltakeplaceinAmsterdamforthefirstsixyears,andforthetwosubsequentyearsinZeeland,andsoon.
DuringthisperiodiftheDirectorsthatservetheUnitedCompanyneedtojourneyfromhomeinordertomeetasrepresentativesoftheaforementionedBoardoronotherbusinessaswelltocarryoutotherduties,theyshallhaveadailyexpenseallowanceforfoodoffourguildersperday,inadditiontothecostofbargeorwagon.ThisisontheunderstandingthatthosepersonswhotravelfromonecitytotheotherintheirroleasDirectorsinordertovisittherespectiveChambers,shallbeexcludedfromsuchrecompense,andwillreceiveneitherdailyallowancenorreimbursementoftravelcosts.
ShoulditoccurthattheBoardmembersareunabletoreachagreementonbusinessofconsiderableimportance,orareconcernedaboutoverrulingeachotherinregardto
this,thensuchmattersshallbedeferredandforwardedforourconsiderationanddetermination.Anyresultingapprovalsshallbedulyfollowedandactedupon.
ThisUnitedCompanyshallcommenceoperationsintheyearof1602,andshallcontinueforaperiodoftwenty-oneconsecutiveyearsprovidedthatthereisageneralauditeverytenyears.3AftertenyearsanyonemaydeparttheCompanyandtakehiscapitalwithhimontheunderstandingthatinrespecttothecurrentequippingandthoseshipsthatwillsailthatyear,thereshallbeanextraordinaryaudit.
Theparticipantsofthesecondaccountsshallberesponsibleforandshallpayhalf,orlessasreasonablydeterminedbytheBoardofSeventeen,oftheinvestmentthatshallhavebeenpaidbytheshareholdersinrespectofthefirstaccountrelatingtotheEastIndiesorbeyondtheStraitsofMagellanwherethisCompanywillhavebeentrading,andwhichwillbetotheprofitandadvantageoftheshareholdersinvolvedinthesecondaccounts.
Wherethenextscheduledvoyageisconcerned,ifanyparticipantwhodoesnotwishtobepartofthisunionandwantstheirinvestmentbackorwantstocanceltheirpledgedamount,theyshallbepermittedtodosoprovidedthatinterestispaidofatleast7.5%ofthepledgedamount.
AlloftheresidentsoftheseUnitedProvincesshallbeallowedtoparticipateinthisCompanyandtodosowithaslittleorasgreatanamountofmoneyastheychoose.Shoulditoccurthattherearemoremoneysofferedthanareneededforthevoyage,thosewhohavemorethan30,000guildersintheCompanywillhavetodecreasetheircapitalproratainordertomakeplaceforothers.
Withinthemonththatfollows,theresidentsofthislandshallbeinformedofthesedevelopmentsbymeansofpublicposterspostedinthoseplaceswheretheyareusuallyposted,fromthefirstofAprilnext,thattheywillbeadmittedintothisCompanywithaninvestmentthatmaybepaidinthreeinstalmentsonemonthafterbeinginvoicedbythedirectors,thatis,aboutone-thirdfortheequippingintheyear1603,anotherthirdfortheinvestmentoftheyear1604,andtheremainingthirdfor
outgoingshipsintheyear1605.
ThesameannouncementshallbemadeinthemonthofMarchpriortotheendofthefirstelevenyearsofthislicence;thatis,intheyear1612.
Shipsuponreturningfromtheirvoyageshallreturntotheharbourthattheysailedoutfrom.Andthoseshipsandtheirgoodsthathaveleftfromonequarterandbecauseofbadfortuneofweatherorwindhavebeenforcedtolandinanother,suchasthosethatsailedfromAmsterdamorfromtheNorthernQuarterandlandedinZeeland,orfromtheMeuseorfromZeelandthathavelandedinHolland,shallberetainedbyandunderthemanagementandadministrationoftheChamberfromwhichtheydeparted.
OneconditionforthisisthattheDirectorsofeachChambershallbeobligedtobepersonallypresentattheplacewheretheshipsandtheirmerchandisehavearrived.Theyshallnotbeallowedtoappointanyagents,butintheeventthattheywouldnotbeabletomakethejourneythemselves,theyshallcommittheDirectorsoftheChamberwheretheshipshavearrivedtocarryouttheiradministration.
ShouldoneChamberoranotherhavereceivedspicesorothermerchandisefromtheIndies,andotherChambershavenoneorhavenotyetreceivedany,theChamberthathasbeenstockedup,shallsupplytheotherChambersaccordingtoitsabilityandsendthemthemerchandise,andmoreshouldtheyhaveagainsoldout,ifsorequested.
Theaccountsconcerningthecrewandequipmentoftheshipsandallthatisrelatedtothisshallhavebeenrecordedthreemonthsaftertheshipshavesailedout.OnemonthafterthatacopyshallbesenttotherespectiveChambersandthesamestatementofthereturnvoyageshallbesenttoeachChamber,wheneverrequestedtodoso.Theaccountsfromthesevoyagesshallbeclosedassoonasisfeasible,whilstthegeneralaccountsafterthetenyearperiodshallbemadepublicthroughpastingofpostersannouncingittoanyonewhowishestobepresentduringtheauditingoftheaccounts.
TheChambersshallberequiredtoprovidethoseProvincesorcitieswhoseinhabitantshaveinvested50,000guildersormore,wheneverthereturncargoarrives,withastatementlistingthegoodsreceived,andwhatthestatethecargoisin.Andwhatthe
proceedsreceivedfromsaleofthemerchandiseareshallalsobeprovidedtotheProvincesorcities,whentheyrequestthis.
ShouldanyProvincewishtoappointanagenttocollectmoneysfromtheinhabitantsoftheprovincetoinvestthecollectedsuminquestionaspartoftheoverallsuminvestedandtoeffectpaymentfromtheproceedsofthereturnvoyage,theChamberwheresuchanagentbringsinsuchmoneysmustadmittheagenttoitspremises.Theagentshallthenhavetherighttobeinformedofexpenditureandreturns,includingwhatcreditsanddebtsareduewiththeadministration,providedthattheinvestmentbroughtinbytheabovementionedagentshallamounttoasumof50,000guildersormore.
Assoonas5%ofareturncargohasbeencashedshallitbedistributedtotheparticipants.
TherespectivechambersshallbemanagedbythepresentDirectors,namely:
TheChamberofAmsterdambyGerritPieterszoonBicker,ReynierAdriaenszoonPauw,PieterDirxszoonHasselaer,JaquesdeVelaer,JohanJansszoonKaerel,BernardBerrewijns,JohanPoppen,HansHunger,HendrikCorneliszoonBuyk,LouisdeleBeeque,DirckvanOs,Fran?oisvanHove,ElbertLucaszoonHelmer,IsaacLeMaire,SyvertPieterszoonSem,GerardReynst,MarcusdeVogelaer,JohanHermanszoon,GeurtDirxszoonvanBeuningen,HuybertWachtmans,LeonaertRaey,AlbertSymonszoonJoncheyn,andArenttenGrotenhuys.
TheChamberofZeelandbyAdriaenHendrickszoontenHaeff,JacobBoreel,JohanLambrechtszoonCoolen,JacobPietersdeWaert,CornelisMunicx,AdriaenBommenée,LaurensBacx,EverartBecker,ArnoultleClerq,ArnoutVerhoeve,GeraerdtvanSchoonhoven,NicolaesPieterzoon,BathazarvanVlierdenandBalthasardeMoucheron.
TheChamberofDelftbyJohanJanszoonLodesteyn,ArentJacobszoonLodensteynDirckBruynsssenvanderDussen,GerritDircxszoonMeerman,CornelisAdriaenszoonBogaert,MichielJanszoonSasbout,WillemJoostenDedel,Dirck
GerritszoonMeerman,JohanRaet,JacobSanderszoonBalbaien,HendrickOtteandJasperMeerman.
TheChamberofRotterdambyFopPieterszoonvanderMeyden,WillemJanszoonFranck,GerritHuygenzoon,PieterLenartszoonBusch,JohanvanderVeken,WillemJanszoonvanLoon,JohanJacobszoonMus,AdriaenSpierinckandCornelisMatelieffdeJonge.
TheChamberofHoornbyClaesJacobszoonSijms,CornelisCorneliszoonVeen,WillemPieterszoonKrap,PieterJanszoonLiorne.
TheChamberofEnkhuysenbyLucasGerritszoon,WillemCorneliszoondeJong,JohanPieterszoonScram,HendrikGruytter,JohanLaurenszoonvanLoosen,DirckDircxszoonPelser,GijsbrechtvanBeerensteyn,BarthoutJanszoonSteenhuysen,JacobJacobszoonHinlopen,Fran?oisduGardijn,enWillemBrasser.4
ShouldanyoftheabovementionedDirectorspassawayorotherwisenotbeabletocarryouthisduties,hisplacemustremainvacantandnobodyelseappointedtobesubstitutedforthedeceasedorfillthevacancyuntilthenumberofpersonsintherespectiveChambershadreachedtothefollowingnumbers:
TheChamberofAmsterdamat20persons,
thatofZeelandat12persons,
thatofDelftat7,
thatofRotterdamat7,
thatofEnkhuysenalso7,
andthatofHoorn:likewise7
Butifsomebodyfromtheprescribednumbersdiesorhispositionbecomesvacantforanyotherreason,thentheremainingdirectorsofanyChamberwherethisoccurred,shallwithinthetimeoftwooranabsolutemaximumofthreemonths,proposethenamesofthreesuitableandqualifiedpersonstotheGentlemenoftheProvincial
StatesinwhichtheBoardislocated,ortothosethattheyanswer.Theyshallelectonepersonofthosethreetoreplacethedeceasedorthepersonwhoseseathasotherwisebecomevacantinaccordancewiththerelevantregulation.
TheDirectorsshallsolemnlyswearanoathontheirhonourandfaiththattheyshallcarryouttheadministrationproperlyandhonestly,keepgoodandhonestaccounts,andincollectingthemoneysfortheequippingandinthedistributionofprofitsobtainedfromthereturncargoesshallnotfavourthegreatershareholdersoverthelesserones.
ThosewhoaresubsequentlychosentobeDirectorsshalleachstakeintheCompanyatleast1,000Flemishpounds,thoughtheDirectorsatHoornandEnkhuysenmaylimitthistonolessthan500suchpounds.
TheDirectorsshallfurthermorereceive1%commissionofthecostsoftheoutwardjourneyandthesamepercentageoftheprofitsobtainedfromthereturncargoes,whichtheyshalldisburseasfollows:halftotheChamberofAmsterdam,aquartertotheChamberofZeeland,andtotheChambersoftheMaasandNorthHollandoneeightheach,withouttakingintoconsiderationwhetheroneortheotherhasputinmoreorlessmoneysorhassoldagreaterorlesserquantityofspicesthanitsshare.ProvidingalsothattheDirectorsshallneitherborrowmoneysfromtheCompanynorbenefitfromitswares.TheyshallnotappointsomeoneelsetoclaimoutgoingstobuysuchwarestothedetrimentoftheCompany.
Eachbookkeeper,teller,servantormessengerwillbepaidasalarybytheDirectorsof
therespectiveChambersandthisshallnotbeattheparticipants ’expense.
ShouldanyofthedirectorsofoneChamberoranotherfindshimselfinsuchapositionofbeingunabletodischargehisresponsibilityregardingthemoneysentrustedtohiminhiscapacityasaDirector,anydamagesresultingfromthiswillbe
paidfromthatChamber’smoneysandnotbealiabilitytotheCompany’sreserves.ThusshallthosemoneysinthecompanythatarethepropertyoftheDirectorsbeespeciallyreservedfortheiradministration.
TheDirectorsoftherespectiveChambersshallberesponsiblefortheirtellers.
ToensurethatthepurposesofthisUnitedCompanyareachievedtothegreaterbenefitoftheseUnitedProvinces,tomaintainandexpandtradetoprofittheCompany,wedoherebylicencetheabovementionedCompanywiththeconditionsasfollows.Nopersons,regardlessofconstitutionorcapacityapartfromthoseoftheabovementionedCompanyshallbepermittedtosailfromtheseUnitedProvincestoreacheastoftheCapeofGoodHopeorthroughtheStraitsofMagellanforthenexttwenty-oneyearsatpainofconfiscationofshipsandcargoes.Thisperiodshallcommenceintheyear1602inclusive.WherepermissionhaspreviouslybeengrantedtosomeCompaniestotraveleastbeyondtheCapeofGoodHopeorthroughtheStraitsofMagellanthisshallremainvalidforthefulllengthofthepermit,providedthattheysendtheirshipstodepartfromthesecountriesnolaterthanfouryearsfromtoday’sdateorsufferlosingthebenefitofabovementionedmentionedpermission
Similarly,eastoftheCapeofGoodHopeandinandbeyondtheStraitsofMagellan,representativesoftheaforementionedCompanyshallbeauthorisedtoenterintocommitmentsandenterintocontractswithprincesandrulersinthenameoftheStatesGeneraloftheUnitedNetherlandsorthecountry’Governmentsinordertobuildfortificationsandstrongholds.
Theymayappointgovernors,keeparmedforces,installJudicialofficersandofficersforotheressentialservicessotokeeptheestablishmentsingoodorder,aswellasjointlyensureenforcementofthelawandjustice,allcombinedsoastopromotetrade.Inrespecttotradeandcommercetheabovementionedgovernors,thejudiciaryandmilitaryshallberequiredtoswearanoathofloyaltytotheStatesGeneral,ortotheabovementionedgovernmentandtotheCompany.Theseinturnmaydismisstheabovementionedgovernorsandmembersofthejudiciaryshoulditbefoundthattheyhaveactedcorruptlyanddishonestly,ontheunderstandingthattheaforementionedgovernorsandofficersshallnotbepreventedfromcomingforwardtoexpresstoustheirconcernsanddissatisfactionsshouldtheyhaveany.
UpontheshipsreturningtheCompanyofficialsshallberequiredtoinformtheGentlemenoftheStatesGeneralinrespecttothosegovernorsandofficersthattheyhaveappointedintheabovementionedestablishmentsandfortressessothattheirappointmentscanbeapprovedandratified.
ShouldanyofthoseoftheabovementionedCompanyhavebeencheatedorbeenmistreatedinsomelocationorhavetrustedthattheywouldreceivepromisedmoneysorbepaidforpartofadealanddidnotreceivethatreimbursementorpayment,thelosstheyhavesufferedshallinaccordancewiththecircumstancesofthematterbecompensatedforbythosemeansthataremostappropriate.
Uponarrivaloftheshipsbackinthisland,theyshallreportaboutthecircumstancesofthemattertotheBoardoftheAdmiraltyofthequarterwheretheyhavelanded.ShouldanymembersoftheAdmiraltyexpressthemselvesintermsthatmembersofthisCompanytakeexceptionto,theymaylodgeanappealwithus.
Ontheconditionthatasatisfactoryinventoryisprovided,thegoodsshallbereceivedbyofficialsoftheCompany,unlesssomeoneotherthantheCompany’sfinancialofficermakesclaimtobethecontractingpartyandclaimsthegoodsforhimself.Shouldthishappen,theaforementionedgoodsmustbeadministeredandkeptsafeinaccordancewiththedirectionoftheAdmiralty.
IfitshouldoccurthatSpanishorPortugueseshipsorthoseofanotherenemyattacktheshipsofthiscompanyandshouldduringsuchfightsomeshipsbecaptured,thecapturedshipsandgoodsshallbeapportionedinthewayitisusuallydoneinthecountrythatis,sharedoutwiththecountryandtheAdmiralbeinggivenafairshare,providedthatshouldtheCompanyhavesufferedanydamageintheencounter,thiswillbesubtractedinadvance.
ThemembersoftherespectiveAdmiraltieswheretheshipsshallhavearrivedwillalsobemadeawareofthelegitimacyofthebounty.Inthecourseofanylegalchallenge,thegoodsshallremainundertheadministrationoftheCompany,subjecttoaproperinventory,asmentionedpreviously,andthosewhofeeldisadvantagedbythe
decision,shallbefreetolodgeanappealwithus.
Spices,ChinesesilkandcottoncloththatthisCompanywillhavebroughtfromtheEastIndiesshallnotbetaxedmorethantheyarenow,neitheruponentrynorupondeparture,butinaccordancewiththetaxationscheduleandthegeneraldeclarationsattheendofthedocumentdealingwithsuchgoodsthatarenotspecificallylisted.
ExceptwithconsentoftheCompany,noneoftheships,cannonorammunitionthatbelongtotheCompanyshallbeusedintheserviceofthecountry.
AllofthespicesthattheCompanysellsshallbesoldaccordingtoacommonweightstandard,beingthatofAmsterdam.
ThemembersoftherespectiveChambersshallbeabletokeepthestorageoftheirspices,whetheronboardtheshipsorinawarehouse,andtheseshallnotbesubjecttoanyduties,taxesorweighingfees.Thismustbesubjecttothecondition,thatthespiceswillnotbetransportedbeforeaspecifiedweightisdeterminedbutshallbeweighedwhentheyhavebeensold,weighingtaxesbeingpaidatthetimethattheyaresoldorremoved,aswithanygoodsthataresubjecttoweighingfees.
Likewise,neithertheDirectorsnortheirgoodsshallbesubjecttotaxorburdenedinanywayinordertogainaccesstotheiraccountswiththeabovementionedCompany,
oranyclaimsmadeontheincomesofanyoftheclerks,ship’scaptains,navigators,sailors,oranyservantsoftheCompany.Anypersonwhowishestoimposeanimpostonthemwillhavetobringthembeforearegularmagistrate.
TheCompany’sProvostsmayapprehendsailorsonlandwhohavevolunteeredforthatserviceandbringthemonboardwherevertheymaybe,whateverthecity,placeorjurisdiction,providedthattheabovementionedProvostshalldiscussthisinadvancewiththeofficialsandtheBurgomastersofthosecitiesandplaces.
InrecognitionofthisLicenceandtheaboveterms,therepresentativesfromtheabovementionedCompanyshallpayusthesumof25,000poundsof40Flemishgroatseach.Weshallinvestthisamountinthepreparationsforthefirstten-year
accounts.Anyprofitsandrisksaccruingfromthisshallbeforthebenefitorliability
oftheStatesGeneral,thesameappl
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