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The Philippine Islands, 1493-1898; Volume 47, 1728-1759

Note 18 — AND ADVANTAGES WHICH THEY CAN YIELD TO HIS MAJESTY CARLOS III

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Conditions.—That he shall be permitted to undertake the said route from Cadiz, or may go to the said islands and make the voyage from there to Cadiz, as he shall find most convenient. If he shall set out from Cadiz, on account of not having time to build ships he shall be permitted to buy whatever vessels [he may need], without excepting those of foreigners. The cargo from Cadiz must consist of different fruits, liquids,18 and commodities that are products of España and of her commerce, as on the return voyage it must be from the various products and commodities of the said islands and of their commerce. That his Majesty remit the duties for the first voyage, and that the proponent be permitted to embark freely at Cadiz the silver that he needs to defray the purchase of his return cargo. On the second voyage he shall pay at Cadiz not only the five per cent duties but the three per cent of the silver which he shall thereafter embark, as is done with the [traders of foreign] nations. In order to obviate any objection, he will not enter any port belonging to his Majesty or to any power of Europa; he shall, however, be permitted to enter and anchor at any one of the Indian ports, whether in these or in those seas, and therein buy, sell, exchange, or lade the goods which shall be offered to him.

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