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Various

"ds from Their Earliest Relations with European Nations to the Close of the Nineteenth Century"

This
loss would become greater if the account were measured by the demands
that are sent from Filipinas; for then the proceeds of neither the
quicksilver, nor the crusades, nor anything else would be enough even
for the maintenance of those islands and those of Terrenate, according
to our experience thus far. The result is that we are compelled by
necessity to choose [as we do] in order not to allow affairs here to
go to ruin for lack of money, which is not to be thought of. For you
are aware of what importance this is, being the essence and substance
of the rest; and it neither ought nor can be supposed that we should
not heed the expenditures for Filipinas that have been made from
my royal inheritance, which amount to more than seven millions, as
has been proved. If there were no other consideration than the mere
protection of religion and of the persons who live in those islands,
it would oblige us to consider the expense; but we must do so all the
more in this state of affairs, as it means the continual remittance
and expenditure of money, and all things cannot be attended to. The
matter has given us anxiety, as you will understand, regarding this
condition; and, after consideration of it, the following measures
are proposed to you.
Since the income from the revenues which belong to me in those
islands is considerable, you will try so to apportion it, and with
such prudence, care, and system, that they may be maintained and made
comfortable by it, since nothing more can be done than, by resigning
any profit from them, to appropriate all the proceeds from that
country to the islands themselves, without any profits whatsoever to
another country.


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