[The Philippine Islands, 1493-1898 by Emma Helen Blair]@TWC D-Link bookThe Philippine Islands, 1493-1898 CHAPTER V 14/69
Consequently, the net gain on the nutmeg and mace is four hundred and ten thousand pesos.
That added to the profit of the cloves amounts to three million seven hundred thousand pesos. His Majesty can make a profit of two millions annually on the silks of China in this way--that a ship of two hundred toneladas' burden go each year with the ships from Filipinas to Nueva Espana, with these silks, which cost the following prices. One thousand picos of spun and raw silk of Changuei, [59] each pico containing one hundred and thirty libras, and costing two hundred pesos, amount to two hundred thousand pesos. Ten thousand pieces of Canton satin, at a cost of five pesos, amount to fifty thousand pesos. 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 Peru (as is done, that other silks of China may not be taken from Nueva Espana), 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. In that way his Majesty can obtain every year from Filipinas five million seven hundred thousand pesos net, after deducting the entire cost. [The following list is from an undated memorial of probably the early seventeenth century which treats of the merchandise that the Portuguese were wont to take from China to Japan.
The memorial first defines the value of certain coins and weights and measures.] First, the _tae_ is equivalent to a ducado of ten reals of gold or silver; a _maz_ is equal to one of our reals.
One _maz_ is equivalent to ten _conderins_; each _conderin_ being valued at six maravedis, is divided into ten _caxes_, each _cax_ [_i.e.,_ cash] being a round brass coin half the size of a half cuarto [60] pierced with four holes, and with certain characters around the edge.
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