[for us], you may assign to yourselves two of those that
remain. Of these you shall have and take the fifteenth part of all
the profit and gain of rent and rights pertaining to us, left clear,
over and above the expenses involved.

_Yten_: We wish and it is our will and pleasure that, considering
the expenses and labors involved by you on said voyage, to grant you
grace--as we do by this present--that at the return of this first
fleet and for this once you shall have and take the fifth part of
whatever pertains to us in the things that you bring from those
regions, which remains clear, over and above the expenses involved
in the said fleet. In order that you may accomplish the aforesaid
better, and that the necessary caution may be observed, I shall order
five ships to be armed for you, two of one hundred and thirty tons,
two of ninety and one of sixty tons, all to be sufficiently manned,
provisioned, and armed. It should be known that said ships shall be
provisioned for two years and shall have two hundred and thirty-four
persons to manage them, counting masters, mariners, deck hands and
all others necessary, according to the memorandum of the same. This
we shall order to be put into effect immediately by our officials of
the India House of Trade who reside in the city of Sevilla.

Because it is our will and pleasure that the aforesaid should
be kept and complied with in every respect, we desire that, if,
in the prosecution of the aforesaid, either of you should die, the
contents of this present instrument shall be observed and fulfilled
by the remaining one, and as faithfully as it must be kept, should
both live. Furthermore, in order that there may be justice and a
good account of the aforesaid, and the suitable caution as regards
our estates, we are to appoint, and we shall appoint a treasurer,
accountant, and clerks for said ships, who shall keep and record the
account and calculation of every thing, and before [whom shall pass]
[216] and be delivered everything acquired by the said fleet.

This I promise you and I pledge on my royal faith and word that I
will order it kept and observed in every particular, according to
the contents herewith. I order this present instrument given, signed
with my name. Given at Valladolid, March twenty-two, one thousand
five hundred and eighteen. I, the King. By command of the King:
Francisco de los Covos.

Then when you shall come to the city of Sevilla, you shall show our
of