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Philippine progress prior to 1898

Note 8 — III. Trade and Commerce at the Time of Discovery and Conquest

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Then, the government officials, though in many decrees and ordinances prohibited to engage in trade,8 used their position as a means of gaining profits in trade.9 This evil prevailed till later days.10 However, as seen by Dr. Tavera, trading by the officials was not without its good effect.11

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