also take to Japon, all the advantage lies with the Japonese; for,
as they are in their own land, and have a larger number of articles
to choose from, they buy where they wish and at their own figures,
and they sell their own goods in the same way. All this is injurious
to your Majesty's subjects, and advantageous to that king to whom they
pay so large customs duties. Sometimes the people of Felipinas and
those of Eastern India have returned without selling or buying, in
order not to suffer total loss. Thus results a great loss of customs
which ought to be paid to your Majesty. And not alone do you suffer
in your exchequer but also in your reputation, because the Japonese
despise your Majesty's subjects when they see the disorders that they
create; [7] and they lose [also] respect for your viceroys. When, in
order to correct this impression, certain embassies are sent to those
kings, they judge from this that your Majesty's subjects have greater
need of them than they have of your Majesty or your viceroys. This
has been observed during all these past years, especially among
the Japonese--who, being arrogant, proud, and warlike, think that
everything depends upon them, and ask odds of no one. They, judging
by the great number who go to Japon from Felipinas that they are
necessary to the latter, have ever thought of making war upon these
islands in order to conquer them for themselves. [_In the margin_:
"And now that the Northerners are there, it is possible for them
together to attack the forces."]

From what has been said the plain inference is that your Majesty,
who is king of both realms, ought to order that the trade be so
conducted that what is gained by one be not lost by the other. You
ought also to consider which line of trade will profit you most,
and should enforce this one and prohibit the other by decrees issuing
from both crowns, enforcing them through your viceroys, and imposing