Note 3 — Memoir

Economy is the first matter which I have to recommend to Your Honours, because this is not only constantly urged both from the Fatherland and from Batavia, but also because it is beyond doubt that what is saved in this manner will be pure profit. It must be understood, however, that in using the word economy I mean care in the administration of the Company’s effects, and not a wrong economy. There are officers who take this word in its narrowest sense, and, failing to have the necessary repairs done in proper time in their endeavour to spend as little as possible, create the necessity in the course of time of a complete restoration, while the existing objects might have stood good for a long time with a small timely expenditure. I must therefore recommend Your Honours to read certain letters from the Hon. Mr. van Mydregt,3 bearing date July 4, 1690, and addressed to the establishment at Jaffnapatam during his circuit on the coast of Madura. (3)