Was "Palawan Shallows" another old name of the Spratlys?

In this map dated 1734, the Spratlys are labeled as "Paragua Vada"...

What is the English translation of the term?

I think it is "Paragua Shallows".

Or in modern terms... "Palawan Shallows".

Will someone who is an expert in the Spanish language please confirm or rebut  this...

But regardless of the accuracy of my translation, it clearly shows that the international community once considered the Spratlys as a part of Palawan...

And ergo... also a part of the Philippine Archipelago!!!