East Indies Philippine independence. The East Indies may also include the former French-occupied Indochina, former British territories Brunei and Singapore and former Portuguese East Timor. It does not, however, include the former Dutch New Guinea western New Guinea (West Papua), which is geographically considered to be part of Melanesia. The inhabitants of the East Indies are almost never called East Indians, distinguishing them both from inhabitants of the Caribbean (which is also called the West Indies) and from the indigenous peoples of the Americas who are often called "American Indians." In colonial times they were just "natives". However, the peoples of the
Netherlands Indies gulden power in the East, but the unfamiliar coins were rejected in favour of the well-known 8 Real coins produced by Spain and its possessions, which were accepted all over the world. The Spanish coins remained the preferred large silver (trade) coin in the Indies until the 19th century. In 1602, the United East India Company (VOC) was formed from six trading companies in the Netherlands, and granted a trade monopoly over the Indies. In 1619 the Company established its capital at Jacatra, which it called Batavia. It gradually spread its influence over Java, and established control over Sumatra in 1667