He said that when he was going from Nueva Espana as commander, and the capitana in which he sailed was wrecked, he had placed the commercial silver in a place of safety, and there were three millions of it.

The truth is that he exaggerated this to enhance the value of his service, increasing the sum by more than half; for from us, who were there, this matter could not be concealed, and there has never passed so much silver as in that year.

If this service was placed at such figures, it deserved a heavy punishment, and not the reward which he seeks.

Since that time it is true that as much more passes, to Filipinas, by the permission which your Majesty gives.

The causes of this excess are two.