San Jose gives up bounty

December 6, 2015 5:30 pm


Cala Cortina beach outside Cartagena. Photo / Getty Images

has found the wreck of a Spanish galleon that sank off
the coast of Cartagena and is thought to be laden with emeralds and gold
and silver coins, President Juan Manuel Santos says.
The San
Jose sank in 1708 in the Caribbean Sea close to Cartagena. It was part
of the fleet of King Philip V as he fought the English during the War of
Spanish Succession.
Sea Search Armada, a US-based salvage
company, has a long-standing suit against Colombia over ownership of the
wreck. SSA said in 1981 it had located the area in which the ship sank.
and the Government were partners then and agreed to split any proceeds
but the Government later said any treasure would belong to Colombia.
In 2011, a US court declared the galleon the property of the Colombian state.

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