It depends on your goals. Self-governing colonies grow much faster than the other two types if you need to fill out the uncolonized areas quickly. The downside is that they are the most disloyal. Crown colonies are the most loyal and integrated. They are perfect if your CN owns any gold provinces due to an interaction you can do with them. Private enterprises are good in areas with cash crops (sugar, tobacco, etc), and in my experience, will build larger navies than the other two. Ideal if you want to project trade/naval power overseas.
Who's in the new world, just about to reach it, and can compete with you?
Portugal has some land in the Caribbean. Castille owns a few provinces in Venezuela. And England has some in Brazil. France, Denmark-Norway, or the Dutch haven't shown up yet.
so it's only the trade power in that specific node? in a hypothetical scenario which you own all the provinces tied to that node, would that mean this penalty is moot since nobody controls anything else in that node?
Yes. If you collect somewhere that's not your main node, you lose half your control in that node. In that hypothetical, the penalty would be moot. But if the node isn't particularly valuable, or it would be better to use that merchant somewhere else instead, then you could end up making less money.
For trade, it's very difficult to say what is best in all scenarios. You just have to play around with your merchant configuration and watch what your trade income does after each change.
at one point you should translate them all from French to Breton
I plan to do that once we get caught up to gameplay. But that won't be for a while.
so are we running a race with Portugal over who'll core 5 colonies in the Carribean first?
A very prescient question given the upcoming chapter's focus. Yes, this is a race.
from what I've learned from filcat of course they'll go crazy on your capital
Provence/Lorraine will head for you because you are the Player per @filcat.
Hmmm.... You'd think they wouldn't bother you, but I think @filcat and @diskoerekto are correct. Murphy will find you!
For the reasons the others mentioned above and my own experience, it sounds like they’ll come for you … but on if they can get at you via a land route.
You're all correct and have been paying attention! A gold star for each of you!
What is the status of France?
France is still big and scary. A diplomat, when not busy in the New World, has been kept on them constantly to keep our relations high. They're eyeing our lands hungrily, but haven't made any moves...yet.
Did you not take property from Provence?
We took Anjou from Provence early on, but they still have their lands near Marseille and Avignon in southern France.
They also still have their union over Lorraine. Something I haven't been mentioning is that four or five different nations are supporting Lorraine's independence right now. This has kept Lorraine perpetually disloyal, so they'll never help Provence in war. But Provence is also allied to Austria, so the AI is too skittish to declare.
Where is Portugal in the Caribbean if you got Havana and Puerto Rico?
I'll show a map net chapter, but they own St. Martin and most of Hispaniola.
What is the best Caribbean besides Havana and Puerto Rico?
@diskoerekto has already answered you there. Yes, any Trade Center is a good get. After that, any of the high-dev provinces (the Caribbean has a lot).
If we are racing with Portugal, having a landing spot on each of the major islands and near each of the straits (Lesser Antilles) in case of a future war is key.
Brittany should try and colonize Jamaica and Curaucao. Because they are Islands and no borders with other colonial powers.
Islands are good for defense
if we have naval supremacy. That's a big ask when fighting Portugal. Having a land border is actually more of a help since we can land troops on our outposts before the war and beat Portugal on land.
It depends if we want to pursue an aggressive strategy or not.
Jamaica and Curacao are also Trade Centers, so are still a priority.
Excellent work with gaining colonial nations! I'm sure it will be interesting to see how they work. In my game Spain seems to have twelve of them, or something, and they always fill the screen anytime a colonial war starts.
I'll try to show them off as much as I can. I'm not as experienced with their mechanics as with other subjects like vassals. But they, like any subject, are great for inflating army sizes as you've seen with Spain.
Great to see you continuing your conquest of NA. Though somehow I doubt that will keep Portugal from upper Louisiana. The Portuguese gauchos love to live in Montana.
The Portuguese AI does love to go for the Louisiana region (which has its northern boundary at the modern Montana-Canada border). I'm not sure why it always goes there and not Brazil.
That’s a big bonus. As a colonial power, being “Tordesillassed” in a number of areas really messed up my relations with the Papacy and some powerful rival colonial powers has been a real pain.
It can be a pain (but I won't spoil how that goes). We'll have to deal with being on the receiving end of it (as you'll see soon).
Reminded me instantly of this

Not intentional, but I can see it! I've been kind of in the mood recently to rewatch the movies, so maybe an unconscious decision.
And this is actually the second time a LOTR reference has come up, intentional or not, in one of my AARs. An interesting pattern.