they were able to avail themselves of and their limited means allowed.  It would be extremely easy for me, in this place, to enter a particular enumeration of the important services of this kind rendered by the company, and to exhibit, in the most evident point of view, the advantages thence derived to these Islands, if, besides being slightly touched upon in the preceding articles, this task had not been already ably performed by the Factor Don Juan Francisco Urroz, in his accurate report on this subject, addressed to the governing committee of the company, in 1803.  In justice I will nevertheless observe, that this establishment, anxiously resolved to attain the end proposed, in spite of so many obstacles, constantly followed up its expensive system without being disheartened; nor did the contrarieties with which the Royal Audiencia, or High Court of Justice, frequently paralyzed its plans, the indifference of the governors, or the general opposition and jealousy of the other classes, in any way tend to relax its efforts, till at length, convinced of the impossibility of successfully contending, alone and without any other arms than its own reduced capital; and, on the other hand, well aware that a political body of this kind in vain seeks to unite within itself the triple and opposite characters of agriculturalist, manufacturer, and merchant, a determination was taken to alter the plan, and withdraw the factories established in the provinces, and by adopting a rigid economy and confining the operations in future to the purchase of such produce and manufactured articles as suited their trade, and were voluntarily brought by the natives to their stores, the expenses of the Company were curtailed, and a plan of reform introduced into all their speculations.  By this means also they always secured an advantageous vent for the productions of the country, after having been the chief spring by which agriculture was promoted and encouraged in a direct manner.

[Handicapped in outside trade] The most beneficial reform, however, introduced by this establishment into its system, has, in reality, been derived from the variation or rather correction of its plans and enterprises, purely maritime.  The government being desirous to increase the relations of this colony by every possible means, and to convert it into a common center of all the operations of the new company, at first required of the agents that the purchases and collection of goods from the coast of Coromandel, Bengal, and China, destined for Spain, should take place at Manila, either by purchasing the articles in that market, or through the medium of previous contracts to deliver them there.  From this it is easy to infer, that the company was infallibly exposed to the harsh terms the respective contractors sought to impose upon them, as well with regard to prices as qualities, unless, in many cases, they preferred being left without the necessary assortments.  Hence may it, without the smallest exaggeration, be