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The Philippine Islands, 1493-1803 — Volume 03 of 55, 1569-1576

Note 5 — Relation of the Voyage to Luzon

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The tael is a Chinese money of account, worth formerly about $1.50; now $1.68, “Tael” is the trade name in China for the ounce of silver; it also designates a weight, of 1⅓ oz. avoirdupois.

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