The company was given a complete monopoly of all the commerce between
Spain and the Philippines, except the long-established direct traffic
between Manila and Acapulco. All the old laws, designed to prevent
the importation into the Peninsula of wares of the Orient, were swept
away. Philippine products were exempted from all customs duty, either
on leaving Manila or entering Spain. The vessels of the company were
permitted to visit the ports of China, and the ancient and absurd
prohibition, which prevented the merchants of Manila from trading
with India, and China, was removed.
Though still closing the Philippines against foreign trade, this
step was a veritable revolution in the commercial legislation of the
Philippines. Had the project been ably and heartily supported, it might
have produced a development that would have advanced prosperity half
a century; but the people of Manila did not welcome the opening of
this new line of communication. The ancient commerce with Acapulco
was a valuable monopoly to those who had the right to participate
in it, and their attitude toward the new company was one either of
indifference or hostility.
In 1789 the port of Manila was opened and made free to the vessels of
all foreign nations for the space of three years, for the importation
and sale exclusively of the wares of Asia; but the products of Europe,
with the exception of Spain, were forbidden.
The Royal Company was rechartered in 1805, and enjoyed its monopoly
until 1830, when its privileges lapsed and Manila was finally opened
to the ships of foreign nations.
Conquest of the Igorrote Provinces of Luzon.--Basco was a zealous
governor and organized a number of military expeditions to occupy
the Igorrote country in the north. In 1785 the heathen Igorrotes of
the missions of Ituy and Paniqui in Nueva Vizcaya revolted and had
to be reconquered by a force of musketeers from Cagayan.
Conquest of the Batanes Islands.--Basco also effected the conquest of
the Batanes Islands to the north of Luzon, establishing garrisons and
definitely annexing them to the colony. The Dominican missionaries
long before this time had attempted to convert these islands to
Christianity; but the poverty of the people and the fierceness of the
typhoons which sweep these little islands prevented the cultivation of
anything more than camotes and taro, and had made them unprofitable
to hold. Basco was honored, however, for his reoccupation of these
islands, and on his return to Spain, at the expiration of his
governorship, received the title of "Count of the Conquest of the
Batanes." [82]
Public-domain text, read in full here on John Shaqi.
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