The objections which had been raised against the new taxation having chiefly come from people engaged in agriculture, the government found on investigation that the existing commercial laws were at fault. Inclined as was the court of Spain during the rule of Carlos III. to yield in favor of the people, the new measures only mitigated but did not remove the evils complained of, which were founded on institutions and ordinances so thoroughly antiquated as no longer to be of any benefit to the population. The commerce of Cuba had since the year 1740 been carried on by the Real Compania of Havana. Although its institution was based upon the old and faulty principle of monopoly and privilege, and discriminated against foreign goods that came to Cuba via Spanish ports, the exportations of the island which at the beginning of the eighteenth century were confined to timber, hides and a small amount of cattle, soon began to include other products, such as sugar, honey, brandy and wax. After the founding of the Intendencia there was opened by way of experiment a small commerce with the principal ports of Spain; but the regulations required the collection in the Peninsula of two custom duties on manufactures embarked at Cuba and destined for Spain, one being called entry, the other exit duty, to which was later added a consumer's duty. These extraordinary charges destroyed the profits hoped for by the extension of commerce, and were the source of more discontent, until in the year 1767 the king authorized the abolition of the Compania of Havana "in case of urgent necessity for Cuba" and at the same time inaugurated some franchises which tended to relieve the much restricted commerce of the island. As has been recorded at the time, it was not until the twelfth of October, 1778, that the king issued an order calling for free commerce and abolishing the monopolies of the larger ports.