report of the supervisory board
to the shareholders
8
On the basis of the supervision exercised by us and the in
formation supplied by Van Dien Co, accountants, who have
issued their auditors' report, we have determined the annual
accounts for 1976 as represented on pages 46 and 47, as well as
the consolidated annual figures and the explanatory notes pertaining
thereto as represented on page 24 ff. of this annual report.
We agree to the additions to the reserves as proposed by the Managing
Board. We would advise that you confirm the annual accounts in
conformity with the documents presented in this annual report.
During the past year the supervisory directors who retired by rotation,
viz. Messrs. Ph. C. M. van Campen and A. W. J. Caron, were
re-elected per the date of the annual general meeting held on 26th
April 1976.
At that meeting we also announced our intention to re-elect Messrs.
P. M. H. van Boven and J. Loopuyt who will retire by rotation per
the date of the annual general meeting to be held in 1977.
At the general meeting of shareholders held on 26th April 1976 we
informed you of the fact that Mr. H. Hietink had retired from his
office of member of the Managing Board at the beginning of that
month.
Per 1st September 1976 Messrs. G. J. Jansen and A. C. van
Uchelen were appointed deputy members of the Managing Board.
We wish to conclude by expressing our thanks to the members of
the Managing Board for the way in which they have fulfilled their
duties during the past year.
We also wish to endorse the words of thanks which the Managing
Board has addressed to all employees.
Amsterdam, 2nd March 1977.
The Supervisory Board:
Ph. C. M. van Campen, chairman
