Auction or Gallery status
User login

Forgot your password or username?

Shop Catalogue




Publisher: REAL COMPANIA DE FILIPINAS
Title: A scarce Real Compañia de Filipinas 250 Pesos deed issued in 1785.
Published in: Spain, 1785
   
Size: 12.8 x 8.3 inches.
32.5 x 21.0 cm.
Coloring:

Uncoloured.
Condition: 4pp. Mint condition. 4pp. With copper engraved share
Condition Rating

A scarce Real Compañia de Filipinas 250 Pesos deed issued in 1785. Share nº 24665, hand signed by several company officials.
Engraved by Fernando Selma (1752-1810) after the drawing by Cosme de Acuña (1758-1814).
On the verso some manuscript entries.

The Real Compañia de Filipinas (Royal Company of the Philippines) was created by royal decree on the 10th of March 1785 to promote the commercial activities of Spain with Asia and America.

Several thousand shares of 250 Pesos were initially issued attracting many investors including apparently the Spanish King Charles III.

On March 10, 1785, Real Compañía de Filipinas (The Royal Company) was established through a royal decree. The company together with Sociedad Económica de Amigos del Pais (Economic Societies of Friends of the Country) established in 1781, were two of the most important events during the coming of Governor General José de Basco y Vargas which marked a new era in the economic history of the country.

The capital of the Real Compañía de Filipinas was fixed at 8 million pesos divided into 32,000 shares of 250 pesos each, the King bought 4000 shares, and the citizens of Manila were allowed 3000.

The main goal of the company was to establish commercial relations among the different colonies, and also between the colonies and Spain, to supply Manila with the products of Europe, and, in return, to carry to Spain not only the products of the Philippines, but also the merchandise coming from the Oriental countries.

The second important object was the encouragement of Philippine agriculture. Its charter required the company to invest 4% of its net profits in some extractive industries, chiefly agriculture. In order to help the company, all the laws and decrees which prohibited the importation of Oriental cloths into Spain, were repealed, and the products of the Philippines were exempted from all kinds of duties both in Manila and in Spain. Furthermore, the merchants of Manila were allowed to go to the Asiatic ports for trade, and the Chinese who came to Manila were allowed to trade freely without subjecting themselves to any restrictions. However, the old Manila-Acapulco trade was not to be disturbed, for the company could not send ships to Acapulco.

The company encouraged the production of silk, indigo, sugar, cotton, and especially of pepper and other spices. For this purpose it bought lands, established posts in Ilocos, Bataan, Cavite, and Camarines, and offered prizes to persons who succeeded in the production. It also gave stimulus to manufacturing by establishing textile factories.

In spite of the special protection and privileges granted to the company, it declined from year to year.

In 1805 it was rechartered, and given 15 years of new life and the same privileges as before. Its capital was fixed at 12.5 million pesos divided into shares of 250 pesos each, foreigners were allowed to own shares, and the ships were allowed to sail directly from the Asiatic ports without stopping at Manila, and finally the 3-year privilege, allowed to foreigners at the request of the company in 1789, of importing into Manila Asiatic goods, and exporting the products of the country, was made perpetual.

In 1830 the privileges of Real Compañía de Filipinas were revoked, and Manila was left open to foreign commerce and navigation.



Read more about old stocks and bonds. [+]
Reference: The Nineteenth Century and Economic Development, Philippine Progress Prior to 1898, page 62-67, Austin Craig and Conrado Benitez, Philippine Education Co., Inc., Manila, 1916.



map Thumbnail Catalogue  book Catalogue  Category: Old Stock & Bonds | Check Archive |

Click image to zoom old map image
REAL COMPANIA DE FILIPINAS -  A scarce Real Compañia de Filipinas 250 Pesos deed issued in 1785.
REAL COMPANIA DE FILIPINAS - A scarce Real Compañia de Filipinas 250 Pesos deed issued in 1785. high resolution image of old map
Click image to zoom old map image


For more than 40 years we have been selling genuine old maps, atlases, prints, posters. Every item on this site is clearly dated and priced and was engraved on copper, unless otherwise stated.

Measurements exclude the margins and are provided in both millimeters and inches, with height given first.
Color was done by hand. 'Original colors' means that the item was colored at, or about, the time of it's original publication. When the term 'Colored' appears, it means that the map was more recently colored, likely in this century or at the end of last century.
A color code is used help and we use a condition rating system. help
In addition, we have created a unique HiBCOR grading system which we believe can assist all collectors in forming a collection. Please take the time to read this.

Certificate of authenticity Warranty
We warranty the authenticity of each map, print, atlas, poster or medieval manuscript described in this catalogue. Our warranty means that there is no time limitation to our guarantee of authenticity and if there is ever discovered that something bought here is not authentic, your money will be returned. We stand by what we sell.
- We try to carefully note any splits, tears, discoloration or other defects and to assist buyers we use a condition rating system that can be found here: help
  Please note that if the condition report does not show any remarks about splits, tears, discoloration, etc. this means there are none to be found in the item described. Splits, tears, discoloration and other defects are carefully noted. In addition we use a condition rating system help
 As a general rule we try to offer maps of a high quality standard

- A certificate of authenticity is provided for each acquired map, print, atlas, poster or medieval manuscript.

- The items in the Fixed-sale catalog are available for immediate purchase without any commission charged.
- Generally, sales are not subject to VAT or Sales Tax; however, we are required by law to add 7% sales tax to the bill of buyers from within the state of Florida.
- There is a shipping fee of $25 per combined shipment (we are happy to combine all your purchases foreach sale into one package) and this one fee will also include handling and insurance.

- We accept checks, Visa, Mastercard, PayPal, and bank transfers.

FAQ
Click for more details about buying in fix sale gallery, or bidding at auction.
Many answers are likely to find in help section.

Paulus Swaen Internet Auction
is the first internet auction specializing in old maps, Medieval manuscripts and prints. It is a unique place for buying and selling antique maps, atlases, books, and medieval manuscripts.
We are in the map business for 40 years! more
Lot number: 44046
We guarantee the authenticity of this item.
Inquire about this item.

REAL COMPANIA DE FILIPINAS - A scarce Real Compañia de Filipinas 250 Pesos deed issued in 1785.
zoom


Auction for this item is closed !
Will be included in next auction - come back soon or register now..



Look for other maps of Old Stock & Bonds
who are available for sale.

H!BCoR*** help
GRADING
Historical
Beauty
Condition
Rarity

 Add to my gallery  
Like this item?
Thinking about buying later on?
Or just create a virtual collection !
With Wishlist you can collect all
Your Favorite maps in one place
by simply pressing a button!
[ Read More ]
 

 





Item is sold!

Look for other maps of Old Stock & Bonds
who are available for sale.