Note 8 — Part I

11. Many other difficulties which would ensue from the abandonment of these islands can be seen in the Extracto historial8 of the commerce of Philipinas, to which I refer—contenting myself, lastly, with calling attention to what we have lost by the Dutch having made themselves masters of the Molucas, the commerce of which has compensated them for the enormous expenses which they incurred. This subject also is treated by the said Extracto historial, and by the chronicles or histories of these islands. It is sufficient to say that the Dutch have enriched themselves with the cloves and spices of the Molucas, from which the Spaniards obtained nothing but great expenses, with no mercantile advantage; that with the said products they have drained the silver from our dominions; and that with this money they have waged most cruel war against us.