Note 40 — Grau y Monfalcon’s Informatory Memorial of 1637 (continued 2)

An imaginary money used in the Indias, which serves as a standard for valuing the ingots of silver; it is differentiated from the value of the real-of-eight, or coined peso, in order to allow for the amount of seigniorage and other expenses at the mint. (Dominguez’s Dict. nac. lingua española.)

In Morga’s time the governor received eight thousand pesos de minas annually (see Vol. XVI, p. 188; also II, p. 97, note 43).