The city of Manila itself is in a healthy situation, is well watered, and is in the neighbourhood of a very fruitful and plentiful country; but as the principal business of this place is its trade to Acapulco, it lies under some disadvantage from the difficulty there is in getting to sea to the eastward: for the passage is among islands and through channels, where the Spaniards, by reason of their unskilfulness in marine affairs, waste much time, and are often in great danger. The trade carried on from this place to China and different parts of India is principally for such commodities as are intended to supply the kingdoms of Mexico and Peru. These are spices, all sorts of Chinese silks and manufactures, particularly silk stockings, of which I have heard that no less than fifty thousand pair were the usual number shipped in each cargoe; vast quantities of Indian stuffs, as callicoes and chints, which are much worn in America, together with other minuter articles, as goldsmiths' work, etc., which is principally wrought at the city of Manila itself by the Chinese; for it is said there are at least twenty thousand Chinese who constantly reside there, either as servants, manufacturers, or brokers. All these different commodities are collected at Manila, thence to be transported annually in one or more ships to the port of Acapulco in the kingdom of Mexico. This trade to Acapulco is not laid open to all the inhabitants of Manila, but is confined by very particular regulations, somewhat analogous to those by which the trade of the register ships from Cadiz to the West Indies is restrained. The ships employed herein are found by the King of Spain, who pays the officers and crew; and the tunnage is divided into a certain number of bales, all of the same size: these are distributed amongst the convents at Manila, but principally to the Jesuits, as a donation to support their missions for the propagation of the Catholick faith; and the convents have thereby a right to embark such a quantity of goods on board the Manila ship as the tunnage of their bales amounts to; or if they chuse not to be concerned in trade themselves, they have the power of selling this privilege to others: nor is it uncommon, when the merchant to whom they sell their share is unprovided of a stock, for the convent to lend him considerable sums of money on bottomry. The trade is by the royal edicts limited to a certain value, which the annual cargoe ought not to exceed. Some Spanish {221} manuscripts I have seen, mention this limitation to be 600,000 dollars; but the annual cargoe does certainly surpass this sum, and though it may be difficult to fix its exact value, yet from many comparisons I conclude that the return cannot be much short of three millions of dollars.