And although it may be represented that the infractions in the Philipinas trade, considering their amount, cause more loss than those in the commerce of España, especially in the exportation of the silver--since that which is brought in the galleons outside of the kingdom finally comes to Castilla; and that which is carried in the ships of Philipinas soon finds its way to China, and thus is lost, and the commerce is taken away from the vassals of this crown--reply may thus be made. The illegal shipments on the Philipinas route cause much less loss than do those on the India route, as is incurred when a galleon laden with silver is lost at sea, as compared with one that is captured by enemies; in the former case there is only our own loss, but in the latter is the same loss, and an advantage to our enemies. It cannot be denied that the silver which goes unregistered in the ships of Philipinas is lost, but no enemy of this crown benefits thereby; for that silver comes to a halt in China, from which country it never emerges--as is stated in the said memorial, no. 72--nor does it work any harm there, whether it be more or less; for neither do we wage war with China, nor do the Chinese aid any other nation which wages war with us. As for the silver which comes [to España] unregistered in the galleons, those who best understand the subject consider that it would cause less damage if it remained in the Indias (and even some extend this idea to its being lost in the sea); because, under the pretext of its coming concealed, it either does not come into Sevilla, or, if it does come in, soon goes out again. In both these cases, it remains in the hands of the French, English, Flemish, and Portuguese, and most of it is anchored in their ships, by which Inglaterra, Francia, and Holanda are enriched; while that which goes to Portugal is carried to India, and there it is shared by the Dutch, Persians, Arabs, Mogous, and other hostile nations, until it reaches China, which is its center [of equilibrium]. It may be judged, then, which is the greater injury; and since the loss caused by the illegal shipments on the vessels of Philipinas is less, let that be done with those ships that is done with the galleons. But let it not be proposed that the commerce be taken from them, or its amount limited, or that unusual methods and severity be employed in dealing with them, since these are not used in the commerce of the Indias, and, comparing them together, one is no less necessary than the other.