these documents with an account of Loaisa's voyage covering one
hundred and ninety pages--compiled, as was his account of Magalhães,
from early authors and the documents in the appendix.]

A memorandum without date or signature [2] describes to the king
the advantages that would arise from establishing the India House of
Trade at Corunna rather than at Seville: the harbor of Corunna is more
commodious; it is nearer the resorts of trade for the northern nations;
much trade now going to Portugal will come to Corunna; larger ships can
be used and better cargoes carried; it is nearer to sources of supply,
and expeditions can be fitted out better from this place; and it will
be impossible for the captains or others to take forbidden merchandise,
or to land articles on the return voyage--as they could do at Seville,
because of having to navigate on the river. (No. i, pp. 193-195.)

1522. The king and queen, after the return of the "Victoria" issue
a document with thirty-three concessions to natives of their kingdom
who should advance sums of money, etc., for fitting out expeditions
for the spice regions; these privileges are to cover the first five
expeditions fitting out. The interests and rights of the sovereigns
and of the contributors are clearly defined. These fleets are to trade
in the Moluccas, or in any other lands and islands discovered within
Castile's demarcation. The House of Trade for the spice regions is
to be established at Corunna. (No. ii, pp. 196-207.)

Madrid, April 5, 1525. Fray García Jofre de Loaisa, a commander of
the order of St. John, [3] is appointed captain-general of the fleet
now fitting out at Corunna for the Moluccas, and governor of those
islands. His powers are outlined, being such as were usually given
in such expeditions. As annual salary he is to have, during the