12. The kinds of gold that are found among the natives of the city and vicinity of Manila are: Bizlin, which is worth two pesos a tael. The weight of a tael is one and one-eighth ounces. The second kind is Malubay, and the third is Linguinguin. These are the kinds of gold with which the natives trade and barter. The Malubay gold is worth the same as the Bizlin. The Linguinguin gold is worth four pesos. There is another kind of gold which the Spaniards call _orejera_ [earring], which is worth five pesos. The Indians call it _panica_. There is another finer sort of gold which they call _ylapo_ and another which they call _guinuguran_. From what I have heard this last is the standard, because in assay it is equal to the wrought gold of Spanish jewelry. All these fine golds in the possession of the natives are never used by them except for some marriage or other important affair. For goods for which they trade and barter, they use Malubay and Bizlin and Linguinguin. 13. And if your Majesty attempt henceforth other and more important things in this land, it will be necessary to have towns and ports here, because this land is in the near neighborhood and almost in the midst of other lands--Japan, China, Jaba, Borney, Malucos, and Nueva Guinea, so that one can go to any of those regions in a short time. It is a healthy land of tolerable climate, and it has sufficiently good harbors where there is abundance of wood and timber, and other things necessary for the building of ships; and it would cost but little to bring workmen, sails, and some articles which are not to be had there. It is also necessary to make a good harbor there, in order that ships from outside may find anchorage. It is very dangerous for large and deep vessels to pass among so many islands, with their shoals and tides. It would therefore be necessary to build there galleys and light-draught oared vessels, in order to go to those regions that I mention above, and to carry cargoes which the heavy vessels would have to carry to this Nueva España; the latter would not leave any port of those islands which might be settled for this purpose. They could thus cruise and trade in all places in a very short time; and the heavy ships would only have to go to the harbor, to take on their cargoes and return.