ROYAL DECREE REGULATING COMMERCE IN THE PHILIPPINES
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Don Phelippe, by the grace of God, King of Castilla, Leon, Aragon, the two Sicilies, Jherusalem, Portogal, Mallorca, Sevilla, Cerdeña, Cordova, Corçega, Murçia, Jaem, the Algarves, Algezira, Gibraltar, the islands of Canaria, the Eastern and Western Yndias, and the islands and mainland of the Ocean Sea; Archduke of Austria; Duke of Borgoña, Bravante, and Milan; Count of Habspurg, Flandes, Tirol, and Barzelona; Seignior of Vizcaya and Molino, etc. Inasmuch as I have been informed[1] by the city of Manila in the Philippinas Islands that the great consignments of money sent by the wealthy from Nueva España, for investment in Chinese merchandise and that of other countries, have caused ruin to that country; and that the factors and others taking part in the said trade buy the goods at wholesale prices, and raise the price of all the merchandise, so that the poor and common people of the said islands cannot buy them, or buy them at very high rates; and
