News of Manila's capture does not reach…
1763 CE
During the siege, the Spanish lieutenant governor had agreed to a four million payment in silver dollars to the British known as the Manila Ransom in exchange for sparing the city.
The full amount however will never be paid when word of what had happened in the Philippines reaches Europe.
The British expedition, however, is rewarded after the capture of the treasure ships Filipina, carrying American silver from Acapulco, and, in a battle off Cavite, the Santísima Trinidad, which carried China goods.
The cargo is valued at $1.5 million and the ship at $3 million.
The Spanish government demandw compensation for crimes committed against the residents of Manila during the occupation and the controversy over the ransom demanded by the British and the compensation demanded by the Spanish will last many years. The twenty month occupation of Manila will end in 1764.