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As the company quickly grew to establish monopolies in other branches of the
Spanish overseas trade, other companies, feeling the reduction of monopoly rights, began a struggle with the Royal Company of the Philippines. The most serious conflicts took place with the merchants of Manila and the
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These problems led to a progressive decline of the company from 1794, becoming practically inoperative at the late 18th to early 19th century. The company ceased its functions in 1829, after the fall of the
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222:"Real CompañĂa de Filipinas. Circunstancias del nacimiento de la RCF [Royal Company of the Philippines. Circumstances of the birth of the RCF]"
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each, with the incipient
Spanish financial companies participating in the operation. Later, it increased its capitalization with the issuance of
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was contracted with the Royal
Company of the Philippines in 1787, which maintained a line with the Philippines during the 19th century.
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The
Spanish government secured the link with its provinces of the Spanish East Indies through this company. Until then he had awarded
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and all surrounding trade. It weakened in importance until it was dissolved in the 1830s. Its direct predecessor was that of the
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108:(then a colony of the Spanish Empire) and the mother country. The royal decree also provided for closing the port of
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entered the service of the company in 1796, where he became secretary and, later, director on March 30, 1815.
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The Royal
Company of the Philippines was founded with an initial capital of 3,000 shares of 250
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to any foreign vessel. Therefore, only the company could import goods from
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Diccionario geografico, estadistico, historico de las Islas
Filipinas
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The purpose of the company was to promote direct trade between
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176:Filipinos themselves, who used the route to
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61:founded in 1785, directed to establish a
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197:Spanish colonial empire
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57:) was a
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