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The Former Philippines Thru Foreign Eyes

Note 5 — I

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Towards the close of the sixteenth century the duty upon the exports to China amounted to $40,000 and their imports to at least $1,330,000. In 1810, after more than two centuries of undisturbed Spanish rule, the latter had sunk to $1,150,000. Since then they have gradually increased; and in 1861 they reached $2,130,000.

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