The Philippine Islands, 1493-1898 — Volume 27 of 55: 1636-37; 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 27 of 55: 1636-37; 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 and last cause is the little favor extended to the Indian
trade, both in the Indias, and in these kingdoms--either because of the
straitness of the times, or because of other accidents--together with
the burdens that have fallen upon everything, the imposts and duties
increasing, although greater relief was needed as the amount of wealth
was less. The avería, which increased from two and three per cent to
six and seven, and was then judged to be so exorbitant that it seemed
impossible for the commerce not to be ruined with that excessive tax,
has increased so greatly that one year it rose to forty, and with
the other expenses is never lower than twenty. What were formerly
risks at sea are now great and evident losses, which, aided by the
necessities of this crown--which force loans and considerable gifts,
and the exchange for _juros_ [51] of what was formerly the capital
for commerce--have so weakened commerce, that one is more astonished
that it has not been entirely ruined, than that it has declined to its
present condition. And all the more justifiable have been the reasons
why this crown has profited from the exporters among the merchants of
the Indias, and from what has come from the Indias, the greater the
loss has been, as it was known to be unavoidable on account of what
occurs on land, and more hazardous because of what is risked on the
sea--by which some have been ruined, others have retired from trade,
and others have changed their business; and all who take part in it
are aware that this commerce is ruined, and with it whatever depends
on it. It is certain, and has been observed in Manila, that since
the loss of the trading fleet of the year 629, and their unfortunate
experiences with [storms in] the Northern Sea, the winterings, the
disasters, the averías, the embargoes, the delays, and the burdens
[imposed] at Sevilla, the merchants in Mexico have decided to export
more to Filipinas than to España. And although these things are
found by experience to be thoroughly damaging and irreparable, and
[it is evident] that they demanded new exemptions and safeguards,
by which the losses might be recuperated, and those who suffer them
be encouraged, there has not been lacking a person to propose as an
expedient that the duties and customs should be raised still higher
in the Indias, affirming that they are the most free, and that they
pay less--although they really are quite the opposite, as is known.
Number 72. The Filipinas do not damage the commerce of España
Public-domain text, read in full here on John Shaqi.
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