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Mar 20, 2010 · Those interventions would come in the form of the innovative Basque Governor-General Jose Basco y Vargas, the Real Compania de Filipinas (Royal Company of the Philippines) and the few but...
- Alejandro R. Roces
José Basco y Vargas. José Basco y Pérez de Vargas, 1st Count of the Conquest of Batanes Islands (Spanish: José Basco y Vargas, primer conde de la conquista de las islas Batanes (1731–1805) was a naval officer of the Spanish Navy who served as the 53rd governor of the Spanish Philippines under the Spanish Empire, from 1778 to 1787. An ...
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.
So under the governorship in the Philippines of Don Jose Basco y Vargas, two Dominicans and an assortment of government officials and functionaries headed by a governor were sent to Batanes.
José Basco y Vargas, 1st Count of the Conquest of Batanes Islands. Career He was one of the most economic minded governor-generals that served in Spanish ruled Philippines.
After Spanish rule was restored, José Basco y Vargas one of the ablest of Spanish administrators, was the governor from 1778 to 1787, and he implemented a series of reforms designed to promote the economic development of the islands and make them independent of the subsidy from New Spain.
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The tobacco monopoly was established by Governor Jose Basco y Vargas by decree in 1781, was implemented in 1783 and was the main source of fiscal revenue for Spain in the Philippines. There was also a “tentative use of bills of exchange in transferring funds through Canton” (p. 89).
