Until the new ships shall be built, the viceroy has supplied the line with ships in place of those which were lost. He commanded one to be bought from the mariscal Gabriel de Ribera. That and the "Santa Potenciana" were conveyed [to the islands] by Don Pedro de Acuña; also two ships from Piru were in his convoy, moderately laden with freight. Grace was granted, in the name of his Majesty, for some permissions for carrying money and a quantity of freight. This was given as to private persons, but not that the ships should be navigated on their account or under their administration, or that they should exercise any more authority than that of a passenger. This did not deprive the city of Manila of any of the six hundred toneladas which could be shipped, but merely utilized the surplus space of the ship, thereby doing no damage to the citizens of Manila.
Twelfth Point
That the ships of the Filipinas line may be assigned by contract.
The viceroy made the experiment in the year 99, of giving two ships in trust to Don Fernando de Castro and Alonso de Torres, with the privilege of appointing officers, a salary of one thousand pesos, and permission to place in the cargo twenty or twenty-five toneladas of their own goods; they were obliged to give bonds, and to keep correct accounts of the profits and expenses. If the profits should exceed the expenses, the excess should belong to his Majesty; if the costs should amount to more than the profits, the trustee must supply the deficit from his own purse.
The officials of his Majesty at the port of Acapulco oppose this plan, and say that it is very unprofitable, and to the injury of his Majesty and the royal exchequer, in that the trustees attend only to their own profit. It is the universal opinion that the "Santa Margarita" did not come here on account of having been sent out thus in trust.
Thirteenth Point
That a limit be placed on the merchandise brought from China.
Fourteenth Point
That there be trading and voyaging to Eastern India.
There are also the general points, that the commerce of Nueva España with Piru and Tierra Firme in silks and Chinese merchandise be prohibited, without any discrimination of persons, as being a great damage and injury to the trade of España and defrauding the royal dues.