Philippine progress prior to 1898 : $b a source book of Philippine history to supply a fairer view of Filipino participation and supplement the defective Spanish accountsCraig, Austin
History
Philippine progress prior to 1898 : $b a source book of Philippine history to supply a fairer view of Filipino participation and supplement the defective Spanish accounts
Craig, Austin
Philippines
Further petition from Manila resulted in the decreeing in 1702 that in
the Philippine Islands two ships should be built, each of 500 toneladas
burden, which should transport the goods permitted to that trade; that
the citizens should be authorized to convey in these to Nueva España
the amount of 300,000 pesos in their products and other commodities,
and on the return to the Philippines to carry 600,000 pesos in silver,
allowing 100 per cent gain minus the duties and expenses. [114] It was
further provided in the decree that in the enumeration of the traders
should be included the Spaniards in the country, and the military men
stationed in the port of Cavite, excluding, however, ecclessiatical
ministers, whether secular or regular, and foreigners. [115] And
he who had no goods to lade was not allowed to give up his right in
favor of a third person, but a new distribution was made. [116]
Induced by protests by Cadiz and Seville based on the ground that the
galleons carried more cargo than allowed, and that the great abundance
of silk in America had caused the decrease of the textile industry,
thus causing the decline of factories in Toledo, Valencia, Seville,
and Granada, a royal decree of January 8, 1718, prohibited the carrying
in the galleon of silk, woven or raw, from China. [117] The only trade
which could be carried on was in linen goods, porcelain, wax, cinnamon,
cloves, and other goods which were not brought from Spain. [118]
More petitions came from Manila, and, finally, a royal decree of
June 17, 1724, repealed that of 1720, and allowed once more the
importation of Chinese silk. [119] An attempt on the part of the
Viceroy of Mexico to put a stop to the importation of Chinese silk
resulted in the royal decree of April 8, 1734, which, besides allowing
trade in silk, increased the amount of the trade permitted to Manila
to 500,000 pesos of investment and 1,000,000 of returns. [120]
The galleon trade continued during the rest of the eighteenth century,
until 1811 when the last galleon sailed from Manila, and 1815, when
the final return voyage was made. The next period in the history of
Philippine commerce is characterized by the opening of the country
to foreign influence.
Public-domain text, read in full here on John Shaqi.
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