Note 2 — Trade of the Philippines
Reading edition
The consulate (see Vol. XIII, p. 57) of Sevilla was formed in accordance with a law dated August 23, 1543; it authorized the exporting merchants of that city to meet annually for the election of prior and consuls to administer, regulate, and guard the commercial interests of those merchants. See the laws enacted regarding this institution, in Recopilación de leyes, lib. ix, tit. vi.