This paper is divided into three parts. In the first one we identify the project that led the Spaniards to settle in the Far East in the last third of the sixteenth century. In the second, we analyse the resources that the Spanish Crown counted on in order to support the project. And, finally, the incentives that the latter generated to stimulate the installation in the islands of settlers that assured their continuity, at least until the last third of the eighteenth century, are also studied. The sources used are basically the accounts of the Philippine Treasury of the late sixteenth century and first half of the seventeenth century, the primitive ‘relaciones’ of the conquest (1575–1590) and the ‘crónicas’ of the early sixteenth century.
