Some persons who are little acquainted with affairs so vast, and who have still less ability to make ready for the great things which remain to be done, will suppose that the execution [of this plan] is easy, to one who has the writings which I have already furnished; nevertheless, if they engaged in the undertaking they would find themselves much mistaken, and the result would be greatly to the detriment of the nation. Warned by what I have passed through, and dreading [the effects of] ignorance and malice, I have reached the decision to supplicate the king to grant me the honor of this examination--desiring, whatever may fall to my lot, to prove that I have no other purpose than to serve faithfully both Majesties and their vassals, and entreating them for this end to dispose of my life and person, of which I will gladly make sacrifice in proof of my loyalty and sincere devotion. Extracts from the proposition of Don Nicolas Norton Nicols; the conditions which he requires; the benefits and advantages which will accrue to his Majesty and his vassals, on whose account his Majesty was pleased to issue a decree on the twenty-third of February last. The aim of the said proponent is, to establish in the Philipinas Islands plantations of cinnamon, pepper, other spices, etc., and to open a direct commerce between the said islands and Cadiz, by way of the Cape of Good Hope. Conditions.--That he shall be permitted to undertake the said route from Cadiz, or may go to the said islands and make the voyage from there to Cadiz, as he shall find most convenient. If he shall set out from Cadiz, on account of not having time to build ships he shall be permitted to buy whatever vessels [he may need], without excepting those of foreigners. The cargo from Cadiz must consist of different fruits, liquids, [79] and commodities that are products of España and of her commerce, as on the return voyage it must be from the various products and commodities of the said islands and of their commerce. That his Majesty remit the duties for the first voyage, and that the proponent be permitted to embark freely at Cadiz the silver that he needs to defray the purchase of his return cargo. On the second voyage he shall pay at Cadiz not only the five per cent duties but the three per cent of the silver which he shall thereafter embark, as is done with the [traders of foreign] nations. In order to obviate any objection, he will not enter any port belonging to his Majesty or to any power of Europa; he shall, however, be permitted to enter and anchor at any one of the Indian ports, whether in these or in those seas, and therein buy, sell, exchange, or lade the goods which shall be offered to him.