the disadvantages and advantages existing in each point, the decision most advantageous to the service of God and of your Majesty, and to the welfare of those islands, may be made in them all. The claims made in behalf of the islands are reduced to the petitions which are presented in a separate memorial, through which the inhabitants hope to receive the favors that their necessities and condition demand. Number 2. Condition of the commerce of the islands, and dangers from any changes therein To begin with the fact that furnished a reason for so purposely discussing these matters: it is presupposed that the commerce of the Filipinas to Nueva España was carried on with some degree of prosperity, although with all the restriction that could be endured--albeit the royal orders were in certain cases less closely observed than seemed desirable, and it was an obligation to attend only to what demanded correction, and to what was sufficient to adjust the commerce, and reduce it to its best method. But another method was proposed which would have completely checked or suppressed it, by advising measures that would so alter the former one that, even if there were any irregularities in the old method which are avoided in this, that is accomplished by impeding and ruining the commerce; so that it will become necessary, in order not to permit one slight loss, to cause many, so irreparable that either the ruin of the islands will follow from them, or the total expense of their conservation will fall back on your Majesty's royal treasury. And although it is always right (and today more than ever) to take care that since your revenue is not increased, it be not diminished, it is not a successful expedient to represent the saving of expense and the increase of income, if from what is gained on the one side, results on the other, either the loss of what it is advisable to defend, or the addition of heavier expenses for its defense. For there are matters which have attained so even and regular an equilibrium and balance, that, from whichever of its parts one subtracts or adds, the other side inclining is unsettled, and the structure that they compose is destroyed. One can easily understand that if your Majesty were to dispense with the payment of _avería_ [5] on the royal treasure that comes from the Indias in the war and trading fleets of their line, there would be a clear gain annually of more than half a million, in both silver and gold; but from that gain would result the failure of means to maintain the principal. And if the freighters, and those who are interested in the rest [of the trade] can with just cause excuse themselves from attending to the avería; and it is necessary that this treasure, as well as that of private persons which is brought with it, be accompanied by an armed force sufficient to resist those who have so great desire to pillage it: the alternative is either that it come without that force, and thus