[Footnote 382:  The denomination is not mentioned, perhaps pezos, or what we call dollars.—­E.]

In the month of November, two great ships arrived in Tercera, being the admiral and vice-admiral of the fleet laden with silver, which had been separated from the fleet in a great storm, and were in great jeopardy and distress, ready to sink, being forced to use all their pumps, and so terrified, that they wished a thousand times to have met the English, to whom they would willingly have given all the silver, and every thing they had on board, only to preserve their lives.  Although the earl still hovered about the islands, yet did he not meet with these ships, which got with much labour and difficulty into the road of Angra, where with all speed they unladed and landed about five millions in silver, all in great pieces or ingots of 8 or 12 great pounds, so that the whole quay lay covered with plates and chests of silver, full of pieces of eight rials, most wonderful to behold:  Each million being worth ten hundred thousand ducats, besides gold, pearls, and other precious stones, which were not registered.  The admiral and chief commander of these ships, and of the whole fleet to which they belonged, was Alvaro Flores de Quin Quiniones, who was sick of the Neapolitan disease, and was brought to land; and of which malady he died soon afterwards at Seville.  He had with him the kings commission under the great seal, giving him full authority as general and commander in chief upon the seas, over all fleets and ships, and in all places, lands, and islands, on shore wherever he came; wherefore the governor of Tercera shewed him much honour, and between them it was concerted, seeing the weakness of the ships and the danger from the English, that they should send the ships first empty of treasure to Seville or Lisbon, under a guard of soldiers, when the king might give orders afterwards to fetch the silver home under safe convoy.  The said admiral Alvaro Flores staid there, under colour of taking care of the silver, but chiefly because of his disease and fear of the English.  He had for his part alone, above the value of 50,000 ducats in pearls, which he shewed us, and sought to sell or barter them with us for spices or bills of exchange.  These two ships sailed from Tercera with three or four hundred men, including those who came with them from the Indies and soldiers; but while at sea in a storm, the admiral split and sunk outright, not one man being saved; and the vice-admiral, after cutting away her masts, ran aground hard by Setubal, where she broke in pieces, some of the men saving themselves by swimming, who brought the news of all the rest being drowned.