Page:The Philippine Islands, 1493-1803 (Volume 02).djvu/60

 not announcing his find shall lose "all the gold, silver, precious stones, and pearls, and in addition one-half of his other possessions." The strict observance of the contract is ordered. This contract was first made in 1638; in 1639, a section was inserted confirming the partnership of Alvarado and Mendoza, in which the latter was to receive one-third of all profit; in 1541, in accordance with the new agreement between the two men, a clause was added to this contract, giving equal rights to each. (No. ii, pp. 7–26.)

Mexico, September, 1542. On the fifteenth of this month Mendoza commissions Gonzalo Davalos as his treasurer on the expedition, Guido de La Bezaris as his accountant, and Martin de Islares as his factor. The treasurer is to receive an annual salary of seventy-five thousand maravedis, "to be paid from the profits that shall pertain to me in those lands, it being understood that if this amount is not reached, I am not obliged to pay it from any other source." The usual duties of treasurer are to be observed by him. On the eighteenth of the month very full instructions are given to Villalobos by Mendoza. The principal injunctions of these instructions follow: he will report at Puerto de la Navidad, where the vessels for the expedition have been prepared; these will be delivered to him by Mendoza's agent, who shall make a full declaration of everything in the equipment of the vessels "except the merchandise and articles of barter, the slaves, the forge …