The Philippine Islands, 1493-1898 — Volume 25 of 55: 1635-36; 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 25 of 55: 1635-36; 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 fourth matter that must be considered for the greater proof of the
aforesaid statement is, the quickness of the voyage from the said city
of Macan to this of Manila, since it can be made in twelve days or a
fortnight (or in one week, as has already happened), and the short time
that they spend in this city selling their goods. Those were causes
which could ensure the success of the contract which the citizens of
this city have offered to make with them, several years--namely, to
give them forty per cent clear profit upon the first cost which they
[_i.e._, the Portuguese] had invested. But as the Portuguese have
always beheld themselves powerful and masters of the said trade,
they have always refused to accept it--from which one can infer the
great gains which they have made and are making in the trade, since,
in short, more than sixty per cent [profit] has now to be given for
everything. That is a hardship which sufficiently accounts for the
present condition of the inhabitants of this city who are afflicted
with the many troubles which attend them by reason of the said
diminution of their wealth; and for the total ruin of others, who
see themselves dispossessed of what they had. For that reason they
make no further investments, because they have not the wherewithal.
Fifth, it ought to be considered how long and dangerous is the voyage
from these islands to the said Nueva Espana, and the heavy costs and
expenses caused by the investments; while the returns for what is
sent from here are not received even if good fortune attend them,
except at the end of two years, and sometimes more.
Public-domain text, read in full here on John Shaqi.
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