being avaricious, are much pleased with the gain they derive from
the goods carried to them, and from those which they sell to the
Christians. Therefore, they allow the religious of Europe in their
countries, because they know that, if they do not admit them, they
will not enjoy this trade; for they see that principally on account
of religion your Majesty's vassals come to them with their ships and
goods. This is shown by the experience of many years.

Although this trade may be profitable to your Majesty's subjects and to
your royal exchequer, it ought to be so carried on that not only may
these interests be advanced, but also in such a way that Christianity
shall not be injured. When any one of these interests is in danger, it
is plain that it would be a less evil to lose something of the temporal
[advantage from trade] than of the spiritual advantage resulting from
the conversion of souls there. There is no doubt that your Majesty
wishes it thus, as do all of your ministers, who are so anxious for
the honor of God and for the progress of His holy Catholic faith.

Trade with China and Japon is carried on as follows: from Eastern India
[to both countries] by way of the city of Macao, and entirely in the
hands of the Portuguese; from Felipinas and Nueva España to China, by
way of the same city of Macao; and [from Felipinas and Nueva España]
to Japon by way of the various Japonese cities, principally Nangasaqui.

From Eastern India eight-real pieces and other things in which there
is considerable profit are carried to China. From Macao, which is
a Chinese city, silks and gold, upon which profits are large, are
taken to Japon; while silver, which also yields profit, is taken
to China. From China, copper, silks, gold, and other articles are
transported to India. This trade is also remunerative. Since upon all