I maintain the same in regard to the port of Buenos Ayres; and what has been ordained but lately I think was by divine ordination; for hitherto, notwithstanding the prohibition that there should be no trade, ships entered and cleared, and traded between Brasil and Potosi, and between Potosi and Brasil and Espana. And, although six judges were sent to enforce this prohibition, they were unable to effect a remedy, until the governor, Don Diego de Baldes, gave permission, as he considered it an extreme necessity, and the ultimate remedy, for the citizens of Buenos Ayres to reap some slight portion of the profits--although he erred in this, as it was done without his Majesty's permission. However, now that this license is confirmed, the matter, in so far as it touches this port, is remedied; for the amount of flour which they take cannot be of sufficient consideration to damage the commerce of Tierra Firme; and the citizens, as they profit thereby, will prevent anyone from trading outside of the port, and will execute the penalties imposed by his Majesty on those who try to trade. I relate all the above because I think great things will result therefrom to the service of our Lord and of his Majesty. _Fray Martin Ynacio de Loyola_, bishop of Rio de la Plata. [_Endorsed_: "+ Memorial from the bishop of Rio de la Plata, in which he declares what reform should be effected in the commerce of the Filipinas and Mexico; and asserts that the action of the council in Buenos Ayres has had very good effect."] Extracts of Two Letters from the Conde de Monterrey The merchants of the corporation of the city of Los Reyes, Peru, declare that, in the commerce between that kingdom and this one of [Nueva?] Espana, they regard it as so necessary, that should it cease, it would mean complete destruction. On this account it must be preserved, and to this end all the means possible must be sought out.