The commemorative plaque says:
From time immemorial, this spot has been set aside to commemorate the erection of a cross in Cebu by the expedition of Magellan, when King Humabon of Cebu and his queen, son, and daughters, together with some 800 of their subjects were baptized by Father Pedro Valderrama. This hallowed site was improved in 1735 by Rev. Juan Albarran, prior of San Agustin, and in 1834 by Rt. Reverend Santos Gomez Maranon, Bishop of Cebu. The image of the Santo Nino found by the expedition of Legaspi in a house near the present site of the Cathedral of Cebu is venerated by the faithful in the nearby Church of San Agustin.