Editing Emilio Aguinaldo (section)

===Biak-na-Bato and exile===
{{main|Republic of Biak-na-Bato|Pact of Biak-na-Bato|Hong Kong Junta}}
The [[Spanish Army]] launched an attack that forced the revolutionary forces under Aguinaldo into a retreat. On June 24, 1897, Aguinaldo arrived at Biak-na-Bato, [[San Miguel, Bulacan]], and established a headquarters there in what is now called "Aguinaldo Cave" in [[Biak-na-Bato National Park]]. In late October 1897, Aguinaldo convened an assembly of generals at Biak-na-Bato that decided to establish a constitutional republic. A constitution, patterned closely after the Cuban Constitution, was drawn up by Isabelo Artacho and Felix Ferrer and provided for the creation of a Supreme Council composed of a president, a vice president, a Secretary of War, and a Secretary of the Treasury. Aguinaldo was named president.{{sfn|Agoncillo|1990|pp=183–184}}

[[File:The Hongkong Junta.jpg|thumb|right|Aguinaldo with the other revolutionaries on the Pact of Biak-na-Bato]]
In March 1897, [[Fernando Primo de Rivera, 1st Marquis of Estella]], the Spanish [[Governor-General of the Philippines]], had been encouraging prominent Filipinos to contact Aguinaldo for a peaceful settlement of the conflict. On August 9, the Manila lawyer [[Pedro Paterno]] met with Aguinaldo at Biak-na-Bato with a proposal for peace based on reforms and amnesty. In succeeding months, Paterno conducted [[shuttle diplomacy]], acting as an intermediary between de Rivera and Aguinaldo. On December 14–15, 1897, Aguinaldo signed the [[Pact of Biak-na-Bato]] under which Aguinaldo effectively agreed to end hostilities and to dissolve his government in exchange for amnesty and "₱800,000 (Mexican)" (Aguinaldo's description of the $MXN800,000{{efn|name=mex-us|1=The Mexican dollar at the time was worth about {{US$|0.50|1897|link=yes}}.<ref name="5tlLq" />{{sfn|Halstead|1898|p=[https://archive.org/details/storyphilippine00halsgoog/page/n191 <!-- quote=cents. --> 177]}} The ''[[Philippine peso fuerte|peso fuerte]]'' and the Mexican dollar were interchangeable at par.}} amount) as an indemnity.{{sfn|Zaide|1999|p=252}}<ref name="Aguinaldo1899ch2" /> The documents were signed on December 14–15, 1897. On December 23, Aguinaldo and other revolutionary officials departed for Hong Kong to enter [[Hong Kong Junta|voluntary exile]]. MXN$400,000,{{efn|name=mex-us}} representing the first installment of the indemnity, was deposited into Hong Kong banks. In exile, Aguinaldo reorganized his revolutionary government into the "Hong Kong Junta" and enlarged it into the "Supreme Council of the Nation".{{sfn|Zaide|1999|p=253}}