undred and twenty thousand pesos.... It will cost his
Majesty to buy the cloves, in cloth, silks, and other things which
the natives value, eighty thousand pesos; while the navigation and
the pay of the factors will amount to one hundred and twenty thousand,
all amounting to two hundred and thirty thousand pesos. Consequently,
there will be a clear profit on the cloves of three million two
hundred and ninety thousand pesos.

The nutmegs and mace when delivered in Europa cost the Dutch
five hundred and twenty thousand pesos annually. The purchase,
navigation, and [pay of] factors amount to one hundred and ten
thousand pesos. Consequently, the net gain on the nutmeg and mace is
four hundred and ten thousand pesos. That added to the profit of the
cloves amounts to three million seven hundred thousand pesos.

His Majesty can make a profit of two millions annually on the silks
of China in this way--that a ship of two hundred toneladas' burden go
each year with the ships from Filipinas to Nueva Espana, with these
silks, which cost the following prices.

One thousand picos of spun and raw silk of Changuei, [59] each pico
containing one hundred and thirty libras, and costing two hundred
pesos, amount to two hundred thousand pesos.

Ten thousand pieces of Canton satin, at a cost of five pesos, amount
to fifty thousand pesos.

Ten thousand pieces of damask, at four pesos, amount to forty
thousand pesos.

Twenty thousand pieces of gorgoran, at a cost of one and one-half
pesos, amount to thirty thousand pesos.

Thirty thousand varas of velvet in colors, at one-half peso, amount
to fifteen thousand pesos.

These silks cost three hundred and thirty-five thousand pesos. They
will, with the condescension of his Majesty, be taken to Peru (as is
done, that other silks of China may not be taken from Nueva Espana),
and are sold at Lima at the following prices.

Each libra of silk of the quality named in the first item, at fifteen
pesos, the one thousand picos amounting to one million nine hundred
and fifty thousand pesos.

Each piece of Canton satin at fifty pesos, the ten thousand pieces
amounting to five hundred thousand pesos.

Each piece of damask at forty pesos, the ten thousand pieces amounting
to four hundred thousand pesos.

Each piece of gorgoran at ten pesos, the twenty thousand pieces
amounting to two hundred thousand pesos.

Each vara of velvet at four pesos, the thirty thousand varas amounting
to one hundred