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
87. [This memorial by the city and merchants of Manila presents in
detail the amount of their annual commerce in the various kinds of
merchandise that are permitted in the decree. The gold exported from
Filipinas to Nueva España amounts to less than 12,000 pesos, and is
sent not as bullion or coin, but in the form of the slender chains
[bejuquillos] wrought by the Malay natives for personal adornment;
for in no other form could it compete with the abundance of gold mined
in Mexico. The Chinese porcelain is shipped in small quantity, being
mainly an article of luxury, like the gold ornaments; moreover, it
is bulky and fragile. As for spices, Manila complains that the market
for these in Nueva España is already appropriated by the merchants of
España who send spices in the trading-fleets to Vera Cruz; in the fleet
(of seventeen vessels) commanded by Don Fernando Chacón was carried the
enormous amount of 170,737 libras of cinnamon, and more than 70,986 of
pepper and cloves, besides various bags and chests of all these kinds
of spice the weight of which was not noted. The only products of the
islands which have commercial value in Nueva España are wax, lampotes,
Ilocos blankets, and cordage; and the value of all that is exported of
these, even counting with them the previously mentioned gold chains,
does not go beyond 30,000 pesos. The linen goods have hitherto been
shipped from Manila to Acapulco only to fill in empty spaces in
the allotments of lading, and have amounted to hardly 60,000 pesos,
on which very little profit was obtained. If the main part of the
galleon's cargo has to be composed of these linens, the Acapulco market
will be overstocked with them, and the prices there will be so low that
Manila cannot afford to send another cargo of this sort. Moreover,
as these goods are procured from the foreign factories at Batavia,
Madrasta, Patàn, Punticheri, and Vengala, as soon as the traders at
those posts understand that the Manila galleons must carry most of
their lading in goods to be procured at those factories they will
advance their prices enormously, and the galleon will be compelled to
sail in ballast, and then only to procure the situado. The floss and
raw silk which is the only form of that product permitted to Manila is
so bulky a commodity, and the consumption of it in Nueva España is so
small, that it too has been shipped only to fill up space; moreover,
"for several years it has been increasing in cost, on account of the
great amount of it which the Dutch, English, and French obtain from
China for the fabrics which are manufactured in Europe." The deputies,
to substantiate their statements, refer to the official reports of
the viceroys of Nueva España, and offer to bring forward evidence
in their favor from various persons at Madrid who have resided in
Filipinas. They claim that the Manila trade in silken fabrics has not
harmed the merchants of España, since the silk which is produced in
Public-domain text, read in full here on John Shaqi.
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