The sixth and last argument is reduced to what was proved in the said memorial, nos. 101-106: that the profits of this commerce, on account of the many burdens imposed upon it, are more limited than has been understood; and that in order for the exporters to make any gain, they need more liberal concessions. For [even] if the gain be thirty to forty per cent, it is consumed in costs and management, if the amount laden be small; and the increase of the principal must incur almost the same costs, for they will only be greater in [paying] the duties. The exporters demand with justice that they be authorized to ship twice as much merchandise, since the benefit that they will experience is evident, and no injury will result, as has been proved.
I observe that it would seem a very proper measure to place a limit to the permission only on the returns in silver, and that the shipment of merchandise be free, under the direction of the governor. One reason is, that by this means the amount of merchandise would remain limited; since it is plain that the citizens will not leave their funds in Nueva España, and that therefore they will not carry back more than they are entitled to in the returns [for their goods]. The other, because in this no innovation arises, but it accords with the usage which has hitherto prevailed, the lading being regulated more by the burden of the ships, their capacity in toneladas, and the bulk of the commodities, than by its actual and intrinsic value; and giving opportunity for the registration of the products of the country itself, even outside of the permission, as will soon be discussed. And if no difficulty has been found in this practice, and if the governors and the viceroys have overlooked this, and if Don Pedro de Quiroga, with all his severity, never paid any attention to the merchandise being in excess of the 250,000 pesos that were allowed, unless the goods were shipped unregistered, or incorrectly appraised: it is not a new or injurious arrangement that such a method be continued, and that the limitation of the amount allowed be imposed only on the silver that is carried as returns.
In case the amount permitted to the islands is increased to 500,000 pesos, or the limitation be placed only on the returns in silver (as is asked and argued in the second question), the declaration of this third topic is not necessary; but if the permission is not enlarged to that extent, and the quantity of merchandise is limited, the petition which the city of Manila has made finds place. In regard to that, moreover, your illustrious Lordship must be informed that the city declares that the commodities which are peculiar to those islands ought not to be included in the amount permitted, but that these should be registered outside of that amount--which should be and is understood to apply to the merchandise from China, and to no other.