Yten: We wish and it is our will and pleasure that, considering the expenses and labors involved by you on said voyage, to grant you grace—as we do by this present—that at the return of this first fleet and for this once you shall have and take the fifth part of whatever pertains to us in the things that you bring from those regions, which remains clear, over and above the expenses involved in the said fleet. In order that you may accomplish the aforesaid better, and that the necessary caution may be observed, I shall order five ships to be armed for you, two of one hundred and thirty tons, two of ninety and one of sixty tons, all to be sufficiently manned, provisioned, and armed. It should be known that said ships shall be provisioned for two years and shall have two hundred and thirty-four persons to manage them, counting masters, mariners, deck hands and all others necessary, according to the memorandum of the same. This we shall order to be put into effect immediately by our officials of the India House of Trade who reside in the city of Sevilla.

Because it is our will and pleasure that the aforesaid should be kept and complied with in every respect, we desire that, if, in the prosecution of the aforesaid, either of you should die, the contents of this present instrument shall be observed and fulfilled by the remaining one, and as faithfully as it must be kept, should both live. Furthermore, in order that there may be justice and a good account of the aforesaid, and the suitable caution as regards our estates, we are to appoint, and we shall appoint a treasurer, accountant, and clerks for said ships, who shall keep and record the account and calculation of every thing, and before [whom shall pass] [216] and be delivered everything acquired by the said fleet.

This I promise you and I pledge on my royal faith and word that I will order it kept and observed in every particular, according to the contents herewith. I order this present instrument given, signed with my name. Given at Valladolid, March twenty-two, one thousand five hundred and eighteen. I, the King. By command of the King: Francisco de los Covos.

Then when you shall come to the city of Sevilla, you shall show our officials of the India House of Trade, residing there, the despatch which you bring concerning your said office, informing them fully and specifically of the method which you think you ought to employ in guarding the interests of our estates; also of the said voyage, and the contents of this instruction.

Yten: You will cause our accountant of said fleet to take note of everything spent and which will be spent in said fleet; everything in the cargo taken in the ships from the said city of Sevilla; and the wages and provisions, the merchandise carried, both that belonging to us, and that belonging to others who may supply anything for the furnishing and maintenance of the said fleet. You must see to it that a book is kept in which you will make entry of all that is loaded in the holds. These things must be marked with your mark, each different class of merchandise being by itself; and you must designate particularly what belongs to each person, because, as will be seen later, the profits must be allotted at so much to the pound, in order that there may be no fraud.

Yten: You will ask the said officials of Sevilla to give you, before the departure of said fleet, an inventory of all the merchandise and other articles placed on board, both on our account and for any other persons. Our accountant must put all this in the charge of our treasurer of said fleet, entry being made in the books of both, in order that, when, with the blessing of Our Lord, said fleet shall return, they may give an account and calculation of everything which can be easily verified and explained. And I order these latter to give you such account, so that whenever the said articles shall be bartered in the said lands and islands, during the bartering, the things bartered shall be unloaded in presence of the said treasurer, and he shall note everything bartered for them, and he shall do this, setting down everything fully and specifically.

Furthermore, as you will see, I have ordered certain merchants to place on board the said fleet the merchandise and articles to be sent for ransoms. These are they whom the father bishop of Búrgos, very reverend in Christ and a member of our council, may appoint to furnish the same to the amount of four thousand ducats, which after subtracting the twentieth part of the profits which God shall give to said fleet, must be used for the redemption of captives. The remainder is to be divided between us and said merchants, each of whom draws profit according to the number of pounds he has placed on board. Also in all the expenses of the said fleet, the wages and costs, both in the merchandise and other things, you must see to it that our accountant takes note of what is placed on board, in our name and in the names of others, so that the amount of the shares will be known and what is due us. You shall deliver everything to our said treasurer in the presence of our accountant, who shall enter it on his books, their names and yours being signed at each entry, so that in everything there may be due caution and the requisite clearness.

You shall also see to it carefully that the bartering and trading of said fleet is done to the greatest possible advantage to our estates, and that everything is delivered to said treasurer, said accountant of said fleet taking note, in your presence, in order to bring it to us. The aforesaid portion which belongs to us you shall deliver to our officials at Sevilla; that which is due to said merchants and other persons you shall give and deliver to them after the return of the said fleet to these kingdoms, according to the order given you as hereinbefore stated. In everything, you must take care that the said treasurer records in his book and in that of said accountant, stating what is delivered to him, and the results of the bartering, it being entered in his book and in that of the said accountant—every one being present at the entries in said books, in order that each division of said entries may correspond with that of the other book, no more in one book than in the other. This will be signed by you and by said treasurer and accountant, as before stated, in the manner and according to the order prescribed in this our instructions. We command this so that everything may be stated clearly and that requisite caution be exercised in regard to our estate.

Moreover, you must watch and see to it that all the rents belonging to us [in (?)—blank space in Alguns documentos] whatever manner, in said lands and islands that are discovered by said fleet, [whether (?)—blank space in Alguns documentos] in trade or in any other way; also the rents of the salt marshes which in the said islands and lands have belonged up to the present and will hereafter belong to us.

Yten: You shall see to it that our treasurer of the said fleet collect the fifth and other rights whatsoever belonging to us, of all and whatsoever bartering that be made or shall be made in the future in said islands and lands; also the slaves, guanins, [217] pearls, and precious stones, drugs, or spices and other things whatsoever that must be delivered and which belong to us, fulfilling that which is commanded to and agreed upon with the said captains, merchants, and other persons. You will see that said accountant entrusts this to said treasurer, as aforesaid, in your presence, observing therein the order as before stated.