The fiscal policy of the Spanish government was in early years not unfavorable to Cuba. Apart from a royalty of from five to ten per cent on precious metals mined, and on copper, and the royalty already described on the importation of negro slaves, and a customs duty of seven and a half per cent ad valorem on all imports, the island was free from taxation. The royalties in question were certainly not oppressive, and the fact that the Seville government imposed the same customs duty on all goods imported into Spain from Cuba made the tariff seem entirely just. Indeed, Cuba was favored above all other islands In the West Indies for many years. Thus after the middle of the sixteenth century one-third of what had been the import duty on goods received in Spain from the West Indies was required to be paid in the Indies as an export tax; but Cuba alone of all the islands was exempted from this arrangement. It was not, indeed, until the decline of Spain herself set in, with increasing expenses for maintaining an inefficient and often corrupt bureaucracy, and with sorely diminishing resources and revenues, that Cuba began to be detrimentally exploited for the sake of the Mother Country. CHAPTER XV We have said that the administration of Angulo marked the nadir of early Cuban history. It also marked the turning point, and the entrance of the island into international affairs. Not yet had the great duel between Spain and England begun; which in the next century was to have so momentous results. France was the enemy. Francis I became King of that country in 1515, when Velasquez was beginning the settlement of Cuba, and Charles I (Charles V of the Holy Roman Empire) became King of Spain in the following year; and in 1521, while Velasquez was still governor of Cuba, those two monarchs began the first of their series of six wars. Adopting the policy which was afterward pursued by England against Spain and against France, and by France against England, France struck at Spain in her American colonies. During the first, second and third wars, French attention was chiefly given to conquests in North America, with occasional raids against Spanish commerce in the Caribbean and along the coast of Mexico. Cuba appears to have remained unscathed.