converted into merchandise (which in Perù will be worth 300,000), and with the people, and supplies for three months (the time spent in going from Acapulco to Callao de Lima) will sail so well laden that no considerable quantity can be carried outside of the registry. Fifth, and last, because if this ship carried three millions, we must find a source for this silver, and a halting-place for it. There is no source [for that amount], because the silver produced from the mines of Perù, whether computed at a little more or less, is shipped to España every year, without an error of three millions. But if Perù retained so much silver, if from the year 1636 no ship has gone to Acapulco (and it is not to be supposed that the merchants keep their funds idle) from that time the exports from Perù would be heavier; but if we abide by experience (which is in this matter the best proof), the opposite is well-known. As little is a halting-place found for that silver, since [what there is] remains in Perù, on account of not having permission. Finally, we say, and it is known, that no more silver comes [from Perù] than did formerly, nor even as much. When it was going to Nueva España, the necessary effect of carrying three millions would have been to engross both the commerce of that country with Castilla and that with Philipinas; that those two should share the greater part of the silver; and that, when it ceased, both should feel the lack. The trade of Philipinas has had less return than formerly, not for lack of silver, but because Don Pedro de Quiroga did not give them permission to ship the returns for two years, and therefore the silver remained in Nueva España for that reason. As little has the commerce of Castilla experienced a considerable reduction, and not one in proportion to the lack of Perù's millions; and thus is proved that this permission for Perù never had the infringements that are represented, either in the quantity that is stated, or in any other considerable amount. [It is clear] that it ought to be decreed that, since the [term of the] suspension imposed upon that commerce is completed, it shall again proceed as is demanded in behalf of Philipinas, and has been requested on behalf of Mexico and Lima--the matter being referred to the investigation of your illustrious Lordship, who, after considering the reasons here mentioned, will decide it with the perspicuity and equity that the matter demands.