The Philippine Islands, 1493-1898 — Volume 07 of 55: 1588-1591; Explorations by Early Navigators, Descriptions of the Islands and Their Peoples, Their History and Records of the Catholic Missions, as Related in Contemporaneous Books and Manuscripts, Showing the Political, Economic, Commercial and Religious Conditions of Those Islands from Their Earliest Relations with European Nations to the Close of the Nineteenth Century
History
The Philippine Islands, 1493-1898 — Volume 07 of 55: 1588-1591; Explorations by Early Navigators, Descriptions of the Islands and Their Peoples, Their History and Records of the Catholic Missions, as Related in Contemporaneous Books and Manuscripts, Showing the Political, Economic, Commercial and Religious Conditions of Those Islands from Their Earliest Relations with European Nations to the Close of the Nineteenth Century
Demarcation line of Alexander VI; Missions -- Philippines; Philippines -- Discovery and exploration; Philippines -- History -- Sources
The accounts of your royal exchequer have been audited this year, and
are being sent with everything clearly expressed. The entire accounts
are set forth and the data in detail, each class by itself. Because
the gold was very cheap this year, on account of the great lack of
coin, some uneasiness was felt for your royal exchequer. Its income
has not reached the value of last year, although your Majesty's gold
has been more valuable than that of private persons, because it had
to be distributed in various payments. If it were possible for your
Majesty's royal treasury to keep the gold and sell it at the coming of
the ships, there would be considerable profit. However, as the gold is
being constantly needed, and there is nothing else with which to meet
the salaries and other necessary obligations, it is, when there is a
lack of coin, distributed at the common value--although, as I have said
before, a somewhat higher value is given to your Majesty's gold. If,
as I have written in other letters, your Majesty would be pleased to
command forty or fifty thousand pesos to be brought every year from
Nueva España to the royal treasury of these islands, returning thence
the value thereof in gold, it would give the greatest relief to this
treasury and profit to your royal exchequer; for twenty-five thousand
pesos in gold, at the price at which it is given in tribute by the
Indians, would amount to fifty thousand in Nueva España. This could
be done very easily, if your Majesty would assume the risk of the
transportation of the money and the return of the gold. As a result,
your royal treasury could in a short time be free from obligations,
and could aid in the maintenance of this kingdom. [_Marginal note_:
"Abstract this clause, and send it to the viceroy of Nueva España."]
Public-domain text, read in full here on John Shaqi.
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