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 out. In other parts there are more mines, which will yield a great deal of gold throughout, if Spaniards operate and work them.

12. The kinds of gold that are found among the natives of the city and vicinity of Manila are: Bizlin, which is worth two pesos a tael. The weight of a tael is one and one-eighth ounces. The second kind is Malubay, and the third is Linguinguin. These are the kinds of gold with which the natives trade and barter. The Malubay gold is worth the same as the Bizlin. The Linguinguin gold is worth four pesos. There is another kind of gold which the Spaniards call orejera [earring], which is worth five pesos. The Indians call it panica. There is another finer sort of gold which they call ylapo and another which they call guinuguran. From what I have heard this last is the standard, because in assay it is equal to the wrought gold of Spanish jewelry. All these fine golds in the possession of the natives are never used by them except for some marriage or other important affair. For goods for which they trade and barter, they use Malubay and Bizlin and Linguinguin.

13. And if your Majesty attempt henceforth other and more important things in this land, it will be necessary to have towns and ports here, because this land is in the near neighborhood and almost in the midst of other lands—Japan, China, Jaba, Borney, Malucos, and Nueva Guinea, so that one can go to any of those regions in a short time. It is a