In 1506, King Manuel I of Portugal created taxes for the cod fisheries in Newfoundland waters.[citation needed] João Álvares Fagundes and Pêro de Barcelos established fishing outposts in Newfoundland and Nova Scotia around 1521. These were later abandoned, however, when Portuguese colonizers began to focus their efforts mainly on South America. Nonetheless, the Portuguese-founded towns of Portugal Cove-St.