The Philippine Islands, 1493-1898, Volume 44, 1700-1736: 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 44, 1700-1736: 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
56. The fiscal--to whom it was ordered to send these representations,
that he might examine them and compare them with the Expediente--made
his reply on January 10, in the year 1720, reaffirming the motives
which had prevailed, since the discovery and conquest of those islands,
in permitting to them the commerce with Nueva España, so far as it was
necessary to their preservation. [He also stated] the infractions of
law which had changed the amount permitted--250,000 pesos of principal,
and 500,000 for the returns (which "Period i" mentions)--and what was
ordained by the royal decree of August 12, 1702, for the regulation
of the management and continuance of this commerce; and declarations
made by his Majesty in regard to unsettled points which arose, in
the meeting of the Council in 1712, from which despatches were sent
on December 12, of that year (which are mentioned in "Period iii");
and the fact that the abuses with which the merchants of Peru had
carried on commerce with Nueva España had made it necessary that in
the year 1631 that trade should be entirely prohibited. He was of the
following opinion: that the permission to trade ought to be continued
to the citizens of Philipinas, for the damages to the commerce of
España would be avoided if that of Philipinas did not exceed the
300,000 pesos which were allowed to it.
57. That if this commerce should perish, trade and intercourse in
those distant provinces would cease; and if they were cut off from
communication with Nueva España they would remain exposed to seeking
for commerce with the adjoining nations, and in imminent danger of
trading away at the same time their own rights and customs, and of
going to perdition--the Catholic faith being extinguished entirely
or in part, the propagation and maintenance of which was and always
had been the chief care of his Majesty.
58. That although in the royal decrees of January 8, 1718, there was
reserved to the islands the trade in sugar, porcelain, linens (called
"elephants"), [76] and spices, these commodities were not adequate
for maintaining a continued commerce, nor for producing the revenues
which those islands needed.
Public-domain text, read in full here on John Shaqi.
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