 During his term, the "Real Compania de Filipinas", a company established in 1780 to help promote the passage of Spanish ships past the Cape of Good Hope, collapsed.In 1828, Ricafort received orders from Madrid that an improvement in the colonial administration of Guam and the Marianas be made.Several plans were debated, but the cheapest plan, which had been formulated by Ganga Herrero, was chosen.