which are
coined and shipped are nearly equal, there does not appear to be any
clandestine extraction. But a considerable quantity is expended in
bullion, in works of use or ornament. The silver extracted from the
mines of Chili is estimated at 30,000 marks yearly[109]. Of this about
25,000 marks are coined annually, and the residue is employed in the
fabrication of plate. Yet a considerably larger amount is shipped every
year, arising from the coined silver, which is transmitted from Lima.
The remittances of gold and silver from Chili to Spain passes usually
through Buenos Ayres. The gold, being less bulky, is carried by land, by
the monthly packets, in sums of two or three thousand ounces. The silver
is sent by two ships every summer, which likewise carry a part of the
gold. The remittances of gold amount annually to 656,000 dollars[110],
the silver to 244,000[111]; and the copper annually extracted from the
mines of Chili is estimated at from eight to ten thousand quintals[112].
From these data it will not be difficult to form a general estimate of
the value of yearly produce from Chili[113]."

[Footnote 108: The mark being eight ounces may be valued at L.4; hence
the yearly production of gold in Chili is equal to about L.166,400
sterling.--E.]

[Footnote 109: At eight ounces the mark, and 6s. _per_ ounce, this
amounts only to the yearly value of L.72,000 sterling.--E.]

[Footnote 110: At 4s. 6d. the dollar, equal to L.147,600 sterling.--E.]

[Footnote 111: Or L.54,900 sterling.--E.]

[Footnote 112: The quintal of 100 pounds, at 1s. 6d. a pound, gives an
average value of L.67,500 sterling for the yearly produce of
copper.--E.]

[Footnote 113: The entire value of the three enumerated articles amounts
to L.270,000 sterling; but the other articles of export from Chili,
formerly enumerated, are not here included.--E.]

SECTION XIII.

Account of the Archipelago of Chiloe [114].

[Footnote 114: This is appended to the English translation of Molina,
and is said to be chiefly extracted from a work on that subject by Pedro
Gonzalis de Agueros, published at Madrid in 1791.--E.]

The Archipelago of Chiloe, extends from Cape Capitanes to Quillan, from
lat. 41 deg. 50' to 44 deg. S. long. 302 deg. to 303 deg. 25' E, from the meridian of
Teneriffe[115]. On the north it is bounded by the continent, where the
Juncos and Rancos [116], two independent and unconverted nations,
possess the country from thence to Valdivi