they are obliged to go back to the said port of La Caldera, where they will take on the cinnamon bought with the earthenware; and all will be brought to the port of Cavite, to be embarked on the ships which your Majesty sends on the voyage from here to Nueva España. When they have arrived there, the royal officials at the port of Acapulco will send a third of the said cloves and cinnamon to Mexico, and two-thirds to Piru and its provinces. If sold at retail, it would be worth three hundred pesos a quintal; going to private persons, in quantity, it is usually worth two hundred pesos; consequently, in this way there would be a great profit gained. I am ready to say that it would be worth to your Majesty almost as much as all the income from the customs of all Portuguese Yndia. For this purpose your Majesty will have to keep a factor in the said island of Panay, to collect tributes, despatch the ships to La Caldera and Maluco, and receive them there; and to correspond with the royal officials in this city so that they may embark all this spice for Nueva España, and with the factor who must be at Acapulco, so that he may make the distribution. This transaction is so profitable that several of the governors who have been in these islands have taken the trouble to send an armed galley merely to make this purchase of cinnamon at the port of La Caldera, until in the time of Doctor Santiago de Vera this trade was abandoned. Being aware of the profit in it, Guido de Lavezaris (who governed these islands on the death of the adelantado Miguel Lopez de Legazpi) prohibited trading and trafficking in spices in these islands for any person except the officials of your Majesty, who were to receive, buy, and lade the spices for Mexico, all on the account of your royal exchequer; this was done. In consequence of this, he likewise forbade that any island or any province whatsoever where there were cloves, cinnamon, or other spices should be assigned in encomiendas. Accordingly, from that time on, the transportation of spices by private persons to Nueva España was cut off. All this with the lapse of time, and the interest of certain persons, has been neglected, so that, it is understood, a great quantity of spice is taken to Nueva España every year.