The Philippine Islands, 1493-1898 — Volume 19 of 55 / 1620-1621 / Explorations by early navigators, descriptions of the islands and their peoples, their history and records of the Catholic missions, as related in contemporaneous books and manuscripts, showing the political, economic, commercial and religious conditions of those islands from their earliest relations with European nations to the close of the nineteenth century.

by Unknown

Ten thousand pieces of damask, at four pesos, amount to forty thousand pesos.

Twenty thousand pieces of gorgoran, at a cost of one and one-half pesos, amount to thirty thousand pesos.

Thirty thousand varas of velvet in colors, at one-half peso, amount to fifteen thousand pesos.

These silks cost three hundred and thirty-five thousand pesos. They will, with the condescension of his Majesty, be taken to Perú (as is done, that other silks of China may not be taken from Nueva España), and are sold at Lima at the following prices.

Each libra of silk of the quality named in the first item, at fifteen pesos, the one thousand picos amounting to one million nine hundred and fifty thousand pesos.

Each piece of Canton satin at fifty pesos, the ten thousand pieces amounting to five hundred thousand pesos.

Each piece of damask at forty pesos, the ten thousand pieces amounting to four hundred thousand pesos.

Each piece of gorgoran at ten pesos, the twenty thousand pieces amounting to two hundred thousand pesos.

Each vara of velvet at four pesos, the thirty thousand varas amounting to one hundred and twenty thousand pesos.

Taking from this amount the three hundred and thirty-five thousand pesos that those goods cost in China, and eight hundred and thirty-five thousand pesos for the cost of factors and of navigation, and whatever else their handling may cost, there is a net gain of two million pesos.