The Philippine Islands, 1493-1898; Volume 47, 1728-1759: 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 47, 1728-1759: 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
In the period 1725 to 1770, the East India Company of France sent out
761 trading ships, an average of 17 each year; the number in 1725 was
33, but it dwindled toward the close of that period until, in 1769, it
was but 3; the ships, during the 45 years, were manned by 87,223 men,
an average of 115 to each ship. The amount of merchandise carried to
the Indias varied from 7,800,000 livres' worth (in 1769) to 612,000
(in 1764), and for the entire period was 133,000,000. The vessels that
returned to France numbered 585; they carried thither goods which had
cost 344,000,000 livres in the East, and which were sold in France for
636,000,000: the years in which these sales produced most profit were:
1741, a gain of 12,327,000 livres; 1752, 13,719,000 livres; and 1755,
12,785,000 livres. During the first decade, the company paid on its
sales, as duties to the crown, the sum of 25,000 livres annually;
then until 1765, with a few exceptions, 3,000 livres a year; and during
1765-71, sums varying from 538,000 to 126,000 livres a year. The annual
dividends varied usually from eight and a quarter to three millions of
livres; steadily decreasing (in groups of years) to the latter figure;
in 1746 the dividend was 15,000,000, but in that year the company
borrowed the large sum of 25,000,000. In 1765 the dividend was but
766,000 livres. Its capital in 1725 was 100,000,000 livres due from
the crown, and 39,835 in its ships and other assets. In June, 1747,
the government increased its obligations to the company to 180,000,000
livres, in compensation for depriving it of the monopoly of the sale
of tobacco, and engaged to pay it the interest on that sum forever at
the rate of five per cent. (See a tabulated statement of the affairs of
the French company, at the end of the atlas volume of Raynal's work.)
After the exclusive privileges of the company were suspended,
the India commerce was carried on by private persons, and steadily
flourished. Raynal presents another table, showing the net product of
this private commerce, as indicated by the sales at the French port
of l'Orient, during 1771-78 inclusive, of merchandise brought from
the Indies, China, and the islands of France and Bourbon; it shows
a regular and large increase, save in 1778. The amounts of these
sales vary from 10,336,000 livres in 1771 to 27,509,000 in 1777;
in the following year the amount was but 14,026,000. The total sales
for the eight years amounted to 149,273,000 livres, an annual average
of 18,659,000.
Public-domain text, read in full here on John Shaqi.
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