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The Former Philippines Thru Foreign Eyes

Note 6 — XXIII

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In Jaro the leases have increased threefold in six years: and cattle which were worth $10 in 1860, fetched $25 in 1866. Plots of land on the “Ria,” in Iloilo, have risen from $100 to $500, and even as high as $800. (Diario, February 1867). These results are to be ascribed to the sugar trade, which, through free exportation, has become extremely lucrative.

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