Real Compania De Filipinas - 1795 dated Philippines Stock Certificate
Inv# FS1640Stock for 250 Pesos Shares. Superb! The Royal Company of the Philippines was a chartered company founded in 1785, directed to establish a monopoly on the Spanish Philippines & all surrounding trade. The company weakened in importance until it was dissolved in the 1830s. Its direct predecessor was that of the Guipuzcoan Company of Caracas.
As Francisco Cabarrús, director of the Guipuzcoan Company, feared his company was about to be dissolved in the 1780s, he proposed to unite the trade of the Americas w/ that of Asia through the Philippines, incorporating the rights of the old company to the new one. His plan was adopted, & the Royal Company of the Philippines was established on March 10, 1783, before being institutionalized on March 10, 1785 by a royal decree of Charles III of Spain, being directed by Francisco Cabarrús.
The purpose of the company was to promote direct trade between the Philippines (then a colony of the Spanish Empire) & the mother country. The royal decree also provided for closing the port of Manila to any foreign vessel. Therefore, only the company could import goods from New Spanish Mexico, China or the Philippines. Read more at https://en.wikipedia.org/wiki/Royal_Company_of_the_Philippines
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