The position was this. The persistent policy of Spain in the government of her South American possessions was to conserve trade exclusively for Spanish ships and Spanish merchants; and for this purpose several restrictions were imposed upon unauthorised foreign traders. Nevertheless the inhabitants of these colonies urgently required more goods than were imported under such excessive limitations, and wanted to get them much cheaper than was possible while monopoly and heavy taxation prevailed. There was, consequently, a tempting inducement to skippers who were sufficiently bold to take risks, to ship goods for Chili and Peru, and run them in at some place along the immense coast-line, evading the lazy eyes of perfunctory Spanish officials, or securing their corrupt connivance by bribes. Contraband trade was, in fact, extensively practised, and plenty of people in the Spanish colonies throve on it. As a modern historian writes: "The vast extent of the border of Spain's possessions made it impossible for her to guard it efficiently. Smuggling could therefore be carried on with impunity, and the high prices which had been given to European wares in America by the system of restriction, constituted a sufficient inducement to lead the merchants of other nations to engage in contraband trade."* The profits from success were great; but the consequences of detection were disastrous. (* Bernard Moses, Spanish Rule in America, 289.) Now Bass, as already related, had brought out to Sydney in the Venus a large quantity of unsaleable merchandise. He could not dispose of it under conditions of glut. He had hoped that the Governor would take the cargo into the Government store and let it be sold even at a 50 per cent reduction. But King declined to permit that to be done. Here, then, was a singularly courageous man, fond of daring enterprises, in command of a good ship, with an unsaleable cargo on his hands. On the other side of the Pacific was a country where such a cargo might, with luck, be sold at a bounding profit. He could easily find out how the trade was done. There was more than one among those with whom he would associate in Sydney who knew a great deal about it. One or two sentences in Bass's last letters to Henry Waterhouse contain mysterious hints, which to him, with his experience of Port Jackson, would be significant. He explained that he intended taking the Venus to visit the coast of Chili in search of provisions, "and that they may not in that part of the world mistake me for a contrabandist, I go provided with a very diplomatic-looking certificate from the Governor here, stating the service upon which I am employed, requesting aid and protection in obtaining the food wanted. And God grant you may fully succeed, says your warm heart, in so benevolent an object; and thus also say I; Amen, say many others of my friends."