are those that have some value, in order to be able to pay the cost on the more bulky goods. Who will have courage to weave them, or hunt for them, when he knows that he must lose on them? In these islands abundance of gold is collected in various placers, in which work the slow and patient disposition of the natives is occupied; but as their minds are so careless and ignorant they content themselves with washing out only the exact amount of their tribute, which is five reals for each person. But if your Majesty would give your royal directions to your governors and ministers, in the course of time it would be possible to secure the production of this gold in abundance; and if it were sent to Nueva España, and exchanged for the silver necessary for the maintenance of these your wretched vassals, the result would be that the latter product would always remain in the dominions of your Majesty. In these islands, also, some pearls are secured by diving, and in these seas some amber is gathered. In the mountains there is no lack of numerous civet-cats; and the civet, if measures were taken for its production, might be no small source of wealth to your vassals, and consequently furnish huge amounts to your loyal treasury." Father Fernandez mentions that Felipe IV "spent in twenty years 170,000 ducados solely in sending religious to preach the gospel in Philipinas;" and that the monopoly on the buyo industry had produced in one year 11,000 pesos to the royal treasury, and that on wine 18,000 pesos; (but these amounts apparently refer to the price paid for a three years' contract, rather than to the annual income of the crown from these sources). [87]] 86. All the papers and reports which have been mentioned in this "Period vii" having been received in the Council, and the deputies from Philipinas, Don Francisco Diaz Romero and Don Antonio de Echandía--who deposited their credentials and letters in the office of the secretary--having presented themselves in it, they set forth their claims and stated, in a printed memorial (which they handed in on June 14, 1723) the injuries which the islands were receiving from the practice of the decree of October 27, 1720. They entreated that its execution be suspended, and orders given that the commerce be continued with the yearly galleon in the same manner, so far as the lading was concerned, as was in use at the time when the aforesaid despatch was received there [at Manila]. The memorial, in eight leaves, is as follows: