Page:The Philippine Islands, 1493-1803 (Volume 07).djvu/267

 furthermore that, because of the number and size of the said consignments of goods, and the vessels being few in number (indeed, sometimes and usually but one, and then quite filled up and laden with the said merchandise for Mexicans), no space is left for the citizens and common people [of the Philippines] to send their merchandise: therefore, as they have implored me, as a remedy for the said annoyances, to provide and order that no consignments of money be sent from the said Nueva España to the said islands, and that they be not allowed to have factors or companies there, but that the citizens of the said islands alone be allowed to buy and export to the said Nueva España domestic and foreign products; and that, if anyone else should wish to trade and traffic there, he should be compelled to become a citizen of the islands, and reside there for at least ten years, or as might be my pleasure; and because my will is to concede favor to the said islands, in order that their condition may continue to improve, and the inhabitants thereof to be advantaged—I grant that, for the present, they alone, and no others—whether of Nueva España, or any other part of the Indias—may trade in China, and export, take, or sell to the said Nueva España the merchandise and articles thus traded for in both the kingdoms and mainland of China, and in the said islands, for the time and space of six years, first commencing from the date of the departure of the first vessel with a cargo of merchandise for the said Nueva España. I prohibit and forbid all other persons whomsoever, of whatever rank and preeminence, from trading in the said islands and in China for the space of the said six years, reckoned as above stated, under penalty of confiscation of the