The vast advantage of the trade of Chili by way of Cape Horn, is so obvious, that his catholic majesty is obliged by treaty to shut out all the European nations from it, as well as the English, although his own subjects make nothing of it, as it very rarely happens that a Spanish ship ventures to go round Cape Horn. Owing to this, all European goods sell enormously dear in Chili and Peru; insomuch, that I have been told at Lima, that they are often at 400 per cent. profit, and it may be fairly asserted, that the goods carried from France by Cape Horn are in themselves 50 per cent. better than those sent in the Cadiz _flota_ to Carthagena and Vera Cruz, because the former are delivered in six months, fresh and undamaged, while the latter are generally eighteen months before they reach Chili. In the course of this trade, the French sold their goods, furnished themselves with provisions, and got home again, all within twelve or fourteen months. When Martinet arrived on the coast of Chili in 1717, furnished with a commission from the king of Spain to take or destroy all the ships of his countrymen found trading in the South Sea, he soon had sufficient employment for his squadron and of fourteen ships belonging to St Malo, then on the coast, only one escaped him, which lay hid in a landlocked creek unseen till he had gone to leeward. Although in this he executed the orders of his catholic majesty, and did a material benefit to the British South Sea company, yet he almost ruined the trading part of the Creole Spaniards, as hindering the circulation of money and spoiling business, so that they could not bear the sight of the French men-of-war, though they liked the French merchant ships very much. On the other hand, imagining that they had done essential service to the Spaniards, the French expected to have received at least civil treatment in return, during their stay in these seas. As soon, however, as Martinet brought his prizes into Calao, and the Frenchmen had received their shares of the prize-money, forgetting the ancient antipathy of the Spaniards for the French, they gave themselves extravagant airs on shore, by dancing and drinking, which still more incensed the creolians against them, who called them cavachos and renegados, for falling foul of their own countrymen. From one thing to another, their mutual quarrels grew so high, that the Frenchmen were obliged to go about Lima and Calao in strong armed parties, the better to avoid outrages and affronts. At last, a young gentleman, who was ensign of the Ruby, and nephew to Captain La Jonquiere, was shot from a window, and the murderer took refuge in the great church of Calao. Martinet and La Jonquiere petitioned the viceroy to have the murderer delivered up to justice: But the viceroy, who was at the same time archbishop, would on no account consent to violate the privileges of the church. On this refusal, they called all their men on board by beat of drum, and laid the broadsides of their