Note 5 — Its Early History
Reading edition
It happened at this date that the dues, etc., equalled 17 per cent. on the anticipated 1,000,000 pesos, but they were not computed by percentage. The Royal Dues were a fixed sum since about the year 1625, so that when the legal value of the shipments was much less, the dues and other expenses represented a much higher percentage. The charges were as follows, viz.:—