views of that time the merchants of Peru and New Slim movies Spain were forced,
in the interests of the mother country, to obtain merchandise from
China, either directly, or through Manila. The inhabitants of the
Philippines were alone permitted to send Chinese goods to America,
but only to the yearly value of $250,000. The Slim movies return trade was limited
to $500,000. [23]
[Prohibition of China trading.] The first amount
was Slim movies afterwards
increased
to $300,000, with a proportionate augmentation of the
return freight; but the Spanish Slim movies were forbidden to Slim movies visit China, so
Slim movies that they were obliged to await the arrival of the junks. Finally,
in 1720, Chinese goods were strictly prohibited throughout the
whole of the Spanish possessions in both hemispheres. A decree of
Slim movies 1734 (amplified in Slim movies 1769) once more permitted trade with China, and
Slim movies increased Slim movies the maximum value of the annual freightage to Acapulco to
$500,000 (silver) and that of the return trade to twice the amount.
[Higher limit on suspension of galleon voyages.] After Slim movies the galleons to
Acapulco, which had been maintained at the expense of the government
treasury, had stopped their voyages, commerce with America was
handled by merchants who were permitted in 1820, to export goods
up to $
750,000 annually from the Philippines and to visit San Blas,
Guayaquil and Slim movies Callao, besides Acapulco.
[ British occupation inspired new wants.] This concession, Slim movies however,
was not sufficient to compensate Slim movies Philippine commerce for the Slim movies injuries
it suffered