[113] See Concepción's full account of this venture (xiv, pp. 208-275). It will be remembered that Bustamante had attempted in 1718 to open up commerce with Siam (VOL. XLIV, p. 152); but this was a failure, through the apathy of the Spaniards. In the year 1747 a Siamese ship came to Manila with merchandise, and another four years later; these were well received there, and allowed to sell their goods free from duties. On the second ship came a Jesuit, Father Juan Regis Aroche, as envoy from the king of Siam to establish friendly relations with the Manila government; he proposed to Ovando to send an expedition to Siam to build there a galleon, then needed at Manila for the Acapulco trade. As the royal treasury had not the funds for this, Ovando formed a stock company, with a hundred shares, each of 300 pesos; 30,000 pesos were thus raised (said by the Jesuit to be enough to build the ship)--"with the idea that afterward the king [of España] would vouchsafe to buy it, and the gains would be divided pro rata among the shareholders, whose profits would be considerable even if the ship were sold at the usual and reasonable price." Accordingly Captain Joseph Pasarin was sent to Siam (March 18, 1752), and made arrangements for the construction of the ship, which was facilitated and aided by the king of that country; labor was there abundant and cheap, yet the cost of the ship was much more than had been planned, and not only was a second remittance made from Manila, but the king furnished nearly 13,000 pesos besides. Pasarin set out on his voyage to Manila with the new ship, but, when in sight of Bolinao, a fierce storm drove the Spaniards back, and finally compelled them to land in China. They went to Macao, refitted their damaged ship (for which a wealthy Portuguese lent them, without interest, 20,516 pesos), and set sail for Manila on April 28, 1755; storms again drove them from Bolinao, and they were compelled to put back to Macao, and to remain there five months until the north winds should subside; Simon Vicente de la Rosa again generously aided them with 5,000 pesos. Returning their voyage on December 12 of that year, unfavorable winds again attacked them, and they were obliged to make port in Batavia. (January 12, 1756). Here Pasarin fell sick, and on his recovery found that the shipbuilder whom the Dutch had detailed to repair the galleon had fled with certain goods which he plundered from it, and twenty-eight of his seamen had deserted; at last he secured a new crew, and reached Cavite on July 6, 1756. This galleon was named "Nuestra Señora de Guadalupe," or "La Mexicana;" its keel was 120 English feet long, and its capacity was 1,032 toneladas; it was built entirely of teak; the entire cost of vessel, equipment, and construction was 53,370 pesos. The king of Spain disapproved the enterprise; and when the accounts of the company were settled, it was found that they were still indebted to the extent of 9,520 pesos.