Note 8 — Trade of the Philippines

Let us examine, then, what interest would accrue to España in the other point, the appropriation to itself of the trade with the Philipinas. The consulate says that España will be enriched with the exportation, to Manda8 and Xapon, of its products and Page 221other merchandise that will go to those islands, where they also desire so ardently to have an abundance of what is brought from there [España?] and from China; and this will easily prevent the loss of the great quantities of silver that pass by this road from Nueva España.