Page:The Philippine Islands, 1493-1803 (Volume 11).djvu/110

all this, it would be well that from now on an auditor should audit the said accounts of the said treasurer, and cause the balance which is found to be placed in the royal treasury, charging it as a separate account to the royal officials; then, in the first ships which leave, it may be sent to Nueva España, invested in merchandise, whereby it will be doubled, with no more risk than if it were taken in coin. The latter is never taken because what has to be sent is invested, and turned into money in Mexico, and amounts to twice as much. The profit which can be made in this way might better be, for so good a work as that for which the alms of the said bulls is applied.

[In the margin: " Let a copy of this clause be given to Señor the licentiate Valtodano, to be examined in the council for the crusade."]

22. Since, even if your Majesty should be pleased to command everything done as above, it will still be necessary to bring money from Mexico for the costs, expenses, and salaries incurred in these islands; and as it is not well that, in order to cover them, it should be necessary for your Majesty to employ more property than they amount to, it has seemed best to me to seek some other methods for this—which, if they should appear expedient for the service of your Majesty, and can be carried out with no scruples of conscience, will not only render unnecessary the bringing of money from outside these islands, but even will make it possible to aid other great expenses which your Majesty has. The means which I have found are the following. Your Majesty pays a stipend to all the citizens and inhabitants of the fortified town which you hold in the island of Tidore, which is one of the Malucas Islands. In order to make these pay-