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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HISTORY OF THE UNITED NETHERLANDS
From the Death of William the Silent to the Twelve Year's Truce—1609
By John Lothrop Motley
History United Netherlands, Volume 76, 1603-1604