[Favoritism in allotment of cargo space.] As the carrying power of the annual galleon was by no means proportioned to the demand for cargo room, the governor divided it as he deemed best; the favorites, however, to whom he assigned shares in the hold, seldom traded themselves, but parted with their concessions to the merchants. [Division of space and character of cargo.] According to De Guignes, [27] the hold of the vessel was divided into 1,500 parts, of which the majority were allotted to the priests, and the rest to favored persons. As a matter of fact, the value of the cargo, which was officially limited to $600,000, was considerably higher. It chiefly consisted of Indian and Chinese cottons and silk stuffs (amongst others fifty thousand pairs of silk stockings from China), and gold ornaments. The value of the return freight amounted to between two and three millions of dollars. [Profit in trade.] Everything in this trade was settled beforehand; the number, shape, size, and value of the bales, and even their selling price. As this was usually double the original cost, the permission to ship goods to a certain amount was equivalent, under ordinary circumstances, to the bestowal of a present of a like value. These permissions or licenses (boletas) were, at a later period, usually granted to pensioners and officers' widows, and to officials, in lieu of an increase of salary; these favorites were forbidden, however, to make a direct use of them, for to trade with Acapulco was the sole right of those members of the Consulado (a kind of chamber of commerce) who could prove a long residence in the country and the possession of a capital of at least $8,000.