Elizabeth had a private arrangement with Sir Francis Drake. She encouraged and partially financed him in his raiding of Spanish treasure ships, and rewarded him handsomely for his exploits. She even promised to disavow any knowledge of his actions were he to be caught. As Elizabeth loved nothing so much as making money, Drake was one of her famed "favorites". When the voyage that returned in 1580 brought a 100% return, doubling Elizabeth's investment, she held a massive feast aboard his ship, the Golden Hind, the following April, knighting him for his service. Drake was ready with an exotically themed gift for the Queen: a frog made of diamonds.Philip had other reasons for invading England besides his outrage at Drake's exploits, his fellow Catholic's execution, and the multiple injuries to his pride: by an obscure