Note 3 — COMMERCE OF THE PHILIPPINES WITH NUEVA ESPAÑA
Reading edition
21. In view of this remonstrance, and of the demands made by the kingdom of Peru (in regard to opening to it the commerce by way of Acapulco), by the provinces of Nueva España, and by the consulate3 of Andalucia—which set forth the weakened and diminished condition of commerce in these and in those kingdoms, through the excessive amounts of cloth and other commodities which were coming from Philipinas, in the ships allowed to them, to the port of Acapulco—the Council proposed to his Majesty in a report dated July 7, 1703, the measures which it regarded as expedient for the regulation which must be made in the commerce of Philipinas; these his Majesty was pleased to approve, and their contents may be reduced to the following points: