The question of limiting and restricting the trade between the Philipmas and Mexico has been discussed recently, and two points touching this have been determined: one, that it is not advisable for this trade to take place by way of Yndia; the other that it is not expedient to prohibit all trade between Pyru and Nueva España. There still remain five other points to be decided concerning this matter: (1) How many vessels shall take part in this trade. (2) How many toneladas shall be allowed. (3) What persons shall be permitted to take part in this trade. (4) Whether those who go from Mexico to the Philippinas shall be permitted to return. (5) Whether the sending of Sangleys to Manila be limited.
Filipinas
To lessen the coinage of pieces of four and of eight reals. [11]
It should be noted that 200,000 and 400,000 ducados have been minted.
To grant a portion of what is confiscated to the informer.
To regulate the merchant-fleets.
To increase the dues, and impose customs.
The first four sections [12] refer to what is ordained in regard to this trade.
The fifth declares the irregularity in the appointments of officers for this fleet.
The sixth, seventh, and eighth treat of the disadvantages which result from not observing the ordinances, and of their violation.
From the ninth to the thirteenth and last, are given the remedies that appear suitable for the correction of these evils.