Rosary and of the Oaths, which are founded in that house, hold their processions, a great many Sangleys come out to watch them. They live so near the monastery that in the night they hear the religious sing matins, and are not a little edified by it; for they also have their own form of religion, and there are among them religious men who lead a very austere life and claim to live in profound meditation. When it shall please God to enlighten them, Christianity will undoubtedly profit much by this characteristic. I said above that the monastery of Sancto Domingo stands close by the Parián of the Sangleys, which is built in a marshy place on the border of this city between its northern and southern sides. The Sangleys were transferred thither by Diego Ronquillo, during his governorship, because the Parián which Don Gonzalo Ronquillo had built was destroyed by fire. At first it seemed absurd to think that human habitations were to be built in that marsh, but the Sangleys, who are very industrious, and a most ingenious people, managed it so well that, in a place seemingly uninhabitable, they have built a Parián resembling the other, although much larger and higher. According to them it suits them better than the other, because on the firm ground where the four rows of buildings are located they have built their houses and the streets leading through the Parián, a separate street for each row of buildings. There are long passages and the buildings are quadrangular in shape. This Parián was also destroyed by fire on account of the houses being built of reeds; but through the diligence of the president and governor, Doctor Vera, much better houses were built, and covered with tiles for protection against fire. This Parián has so adorned the city that I do not hesitate to affirm to your Majesty that no other known city in España or in these regions possesses anything so well worth seeing as this; for in it can be found the whole trade of China, with all kinds of goods and curious things which come from that country. These articles have already begun to be manufactured here, as quickly and with better finish than in China; and this is due to the intercourse between Chinese and Spaniards, which has enabled the former to perfect themselves in things which they were not wont to produce in China. In this Parián are to be found workmen of all trades and handicrafts of a nation, and many of them in each occupation. They make much prettier articles than are made in España, and sometimes so cheap that I am ashamed to mention it. If we Castilians were as cautious as the Portuguese in trading with them, these articles would be much cheaper, and the Chinese would still gain by it. For goods are sold at a very low cost in China; and, no matter how little profit they make there, when these objects are sold here they yield large profits. But no restraint can be put upon the Castilians, nor can they be regulated--the consequence of which