The licentiate Alonso Fernandez de Castro
The question of limiting and restricting the trade between the Philipmas and Mexico has been discussed recently, and two points touching this have been determined: one, that it is not advisable for this trade to take place by way of Yndia; the other that it is not expedient to prohibit all trade between Pyru and Nueva Espana. There still remain five other points to be decided concerning this matter: (1) How many vessels shall take part in this trade. (2) How many toneladas shall be allowed. (3) What persons shall be permitted to take part in this trade. (4) Whether those who go from Mexico to the Philippinas shall be permitted to return. (5) Whether the sending of Sangleys to Manila be limited.
To lessen the coinage of pieces of four and of eight
It should be noted that 200,000 and 400,000 ducados have been minted.
To grant a portion of what is confiscated to the informer.
To regulate the merchant-fleets.
To increase the dues, and impose customs.
The first four sections  refer to what is ordained in regard to this trade.
The fifth declares the irregularity in the appointments of officers for this fleet.
The sixth, seventh, and eighth treat of the disadvantages which result from not observing the ordinances, and of their violation.
From the ninth to the thirteenth and last, are given the remedies that appear suitable for the correction of these evils.
Five points of the recent document look to the correction of illegal acts, and aim at securing the observance of the ordinances and the accomplishment of other things.
It is noted that the ordinances permit merchandise to be sent by way of Rio de la Plata, which the Sevilla merchants have violently opposed.
The tranquillity of the Indians.
Other remedies proposed by the Conde de Monterrey, who states that he will send others, showing the violations of law. This is in his letter of May 25, of this year.
The conclusion was, the relationship between the said kingdoms, and the increase of trade. It is readily seen that the increase in the manufacture of wines, and in the production of grains, olives, and other foods, and the maintenance of stock-raising by means of the cultivation of grain—all aim at the same object.
It should be noted whether it would be advisable to forbid the coinage of pieces of four and eight, beyond a certain number and quantity—namely, only that necessary to supply the needs there, and for what must be brought here.
To make arrangements for the despatch of the fleet.
To ascertain whether the bishop of Yucatan was the one who had those contentions with the governor, and of whom the friars are talking. He is proposed for the bishopric of Mechoacan.