Fourth Point

_The ships which must be used in the trade, to whom they shall belong,

and what has been permitted by the viceroys._

By the decree of January 11, 93, it is permitted that for this trade

two ships, each of no more than three hundred toneladas, may sail

annually from Nueva España to China. They may bring in return the

property which is to come, and no ships belonging to private persons

shall be sent. There shall be three ships, in order that one may remain

at the port of Acapulco for repairs. They will sail at the expense of

his Majesty, and the cost will be paid by their freight-charges and

the cargoes that they carry. This order was altered by the viceroy,

the administration of two ships having been given to private persons in

99, for this trade, with the power of appointing the officers thereof,

with salary, and license to take freight, as will be stated later

under the twelfth point.

The Philippine Islands, 1493-1898 — Volume 12 of 55 1601-1604 Explorations by Early Navigators, Descriptions of the Islands and Their Peoples, Their History and Records of the Catholic Missions, as Related in Contemporaneous Books and Manuscripts, Showing the Political, Economic, Commercial and Religious Conditions of Those Islands from Their Earliest Relations with European Nations to the Close of the Nineteenth Century · 第 18 / 67 题