The Philippine Islands, 1493-1898, Volume 45, 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 45, 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
[5] At the end of the atlas volume of Raynal's Histoire ... des
établissemens et du commerce des Européens (ed. of 1780, Geneva)
are various supplementary sheets, containing tabulated summaries of
the kinds and amounts of trade carried on by the leading European
nations with their colonial possessions, chiefly those of America;
from some of these we abstract items of interest which have some
relation to the scope of our work. The first of these shows the
amount and value of the commerce of the Company of Holland in the
East Indies from 1720 to 1729 inclusive. In these ten years they
sent out an average of 37 or 38 ships each year, manned by about
7,000 men; of these, 30 returned to Europe. The merchandise sold by
the company amounted, in round numbers, to an average of 18,859,000
florins yearly, and the dividends distributed among the partners to
23 3/5 per cent (ranging, in different years, from 12 1/2 to 40 per
cent); the amount of money sent to the Cape of Good Hope and to the
Asian Islands averaged 6,560,000 florins. The average sales of spices
yearly were as follows: Pepper, 4,500,000 pounds, at 11 sols, 2,475,000
florins; cinnamon, 400,000 pounds, at 5 3/4 florins, 2,300,000 florins;
cloves, 400,000 pounds, at 4 1/4 florins, 1,700,000 florins; nutmegs,
250,000 pounds, at 3 3/4 florins, 937,500 florins; mace, 90,000 pounds,
at 6 1/2 florins, 585,000 florins--a total of 7,997,500 florins. The
original capital of the Dutch East India Company was 6,459,840 florins;
about 57 per cent of this was held in Amsterdam, and about 21 per
cent in the province of Zeeland. The number of shares was 2,153,
each of 3,000 florins. During the period 1605 to 1777, the dividends
annually distributed ranged usually from 12 1/2 to 40 per cent; in
the following years they exceeded the latter rate--being in 1606,
75 per cent; in 1610, 50; in 1612, 57 1/2; in 1615, 42 1/2; in 1616,
62 1/2; in 1671, 45 and 15. During 1771-77, they were uniformly 12
1/2 per cent. These were paid usually in money; sometimes, in the
earlier years, in cloves; and, in 1673, 1679, and 1697, in bonds or
in contracts. In the period 1723-74, the prices of shares ranged from
788 per cent (in 1733) to 314 (in 1771).
Another table shows similar figures for the years 1679 to
1774--apparently for the new organization of the company in 1674. The
capital is stated at 8,071,135 florins; there were 1,345 shares, of
6,000 florins each. The dividends, during the above period, ranged from
10 per cent to nothing, the yearly average being 1-21/32 per cent;
neither these figures nor the prices of shares agree with those of
the first table, but the reason for the discrepancy is not obvious.
Public-domain text, read in full here on John Shaqi.
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