B32F1 - OFFICE OF ECONOMIC COORDINATION (1950)

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liepublic of the PhiliPpine s DEPARI}IE},TOF ECONCD4IC EBOMINATION l{anil_a 0ctober 5' r.95O Hon. Fernando Lopez Vfce-President of the Philippines As Chaiman, Board of Direciors Natj-onal DeveloPu.ent ConPanY M a n i I a S i r : After a study by this Department of the pa5rers of the llani-Ia Gas Corporation more Particular\r (a) fne contract executed betr"reen the Island Gas and 61ectrical Cornpanyard the Nat 1onal Development Conrpany on March 2' TglE t (U) Resr;md of the negotiaticns between the. Manila Gas Corporat ion and the National- DevelolNrent CotrLpany,prePared bY an officer of the NDC; and for the General }danager of memorandurn (c) A confidential the Nat ional- Developnent Company, by Engineer H" S' Angele s, thisDepartrneniw.ishestoca}lattentiontothefactthe,tthePhi}ip. Finance corporation did not ,:ine Go'wrnnent and the Rehabilitation '"ig" Conpany, and are and Electrical Gas Isl-and the wi""h lnu contract "of lo'*a to give to ttre l'{anila Gas Corporation the proposed- loan of

?9,200r0uo.0o. In vj-eu of the commltments nade by the National- DeveloprLent Corpany under the aforesairl conilect, this Office wil-l not interlose an;w 'olj!"tio" ic the inpler:en+.at ion oi the connritnent s of the NDCunder stoek* ',hL said co.tract, so that the llDC may becone the controlling holder cf ttre }'[ani]-a Gas Corporati-on, ald the l-atter lay be in a lcsiticn +.o collect its uar damage claim. r', tha+- it would be a 'nlsteke to Thls Departnent be,l-ieves, ho','re-.re j:r fianila e"nc 1ts surroundiru; mi:nit'y +.o :ehabil_ita+_e the xas servi,ce and that any asset thich the l4anila Oas Corporation may cipalities, nave, including the war danage claim, should be anvested i-n another in* dust rir which may havr: a greaier chanc e c'f success i han the rehabi].i-t'ation of the gas sefiice in the CiS of Manila"


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In this connecti-on, I wish to quote the folJ,owing letter Mr. C. M. Hoski,ns to the undersigned:

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nUpon my return from abrrcad I read of a pJ-an of the governnent to put noney into the Manila Gas Sorporation for it,s r ehabilitation. rrln Honolulu the undanaged gas company has founci the post-roi coslr of :aw naterj-al-s so hj-gh that they have had They have to t ake strong measures to neet the situation. promoted the forrnatj"on of oil refinery in Honolul-i to prod.uce gas oi1 nore cheaply as a by-product. 'rHere in t,he Philippines electric power is abou,t the only cornmodlty r.shich has not increased threefoLd in cost since 1941. I do not see how i"te can possibly i,nrport raw materials for gas manufacture wiihout putting the prlce of gas at rates which r.rC-ll not compete with present electri.c rates. nllith the Governnent about to put tens of millions into hydro-electric developnent, is it prudeni to put goverrunent money into gas manufact\ue as pmposed? trThe cost of the rain wate r v*ri ch f eeds o'.rr hydroel-ectric power does not c hange .- it j.s fre6. rrBottled gas @n be rnade locally at a price wtrich cg$ compete with the cheapest Mani.la Gas Co. product. rHere i.s what Honolulu, lrith has doner trIt has built duces!

its

unda&Bed gas p1ant,

a ii3,00o, O0O-oj-l refinery

which pro-

It(a) Road asphalt at a cost of F38.00 per ton, corF pared with Honol-ulu irnport price of P95.OO per ton and Mani-la irnport prlce of F120.CfJ per ton, E(b) Butane (bottted g as) s aleable at a naxjnum price of ld centavos per pound, equivalent irr heaiing value to electric5.ty at 6.5 centavos per kilowatt hour.


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tr(c) Gas oi.J-, for use by the gas cornpany.

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rr(d) Diesel oil. ,i (e; Roea olIs. r (f)

tsituminous pairt s.

rr(g) Gasoline.rl Ve4r râ‚ŹspectfullY,

(SGD.) SALVADC|R ARANETA Secretary

A TRUECOPY


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Septenber 27, l-95O Hon. Fanron Fernandez Chai::man, neorgardzatlon ComLsslon M a n i l a SubJ€ctt

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?he Courittee on Reorgarrlzation of Goverment Ovtled o! ControLled Co:lrorations headed by I{r. H. B. Reyeo recomended in ite Report to His E:ccellency, the President, the creation of one guperrrisory body to be known as Philippine Development tuthority of all (PDA), to direct, supervlse and ooordinate the actlvities governnent onned or controlled lneluding the Phj-Lcorporations, Finance corporlppine NationaL Bank (PNB) and the Rebabititation (RFC) . aiion however, it was gathered that the Frdr no.opaper reports, Secretar.y of li'inance has subnitted a uenorardun to that Cormigsion In view of the erpressLng objection to the said recomendation. the SovernltFC of ihe PNB and lhc anong the inclusion fact that nent ente"rprises to b6 placed under the PDA was tlot discwsed seof parateJg in the R€port of the Comnittee on Reorganizationr Goverlhe Board of of then Chairnan wlrich t"ir. Delfin Buencamino, beg to tnonbers, I undarslgned served as RFC, t'he nors of the and of, of the s tand support representations ln subrdt the f,olJ-onlng the Counittee on Reorgani zation. It is underetood that the obJections of the SecretarT of Chairrnan of the Monetary Board of the Finance, rrho ie ex-officio Central. Bank, nere based on a m€norandun of the Governor of the Central Bank, lrherein it ms pointed out that: i-ncfudfurg in the Philippines, 1. Al1 banking instltutions are subject to the superrrision al.l goverrment credit institutions, and exasrlrstion of the Central Bankl


- 2 2. the superv'isorT pon€rs of the Central Benk over ln the llght of the internatioral natioral nonetary policy; and

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and donestic obJectives of the

. 3. Goverment-ovaed corporations which perfom banking or credlt ffrnction8 &re, ln the Phi.1-lp'pineE, decLared to be ilxstruuenis of the nationaL nonetary policy andr accordingly, are req!'dt'h tbse of ulred to coordLnato their general credit pollcies the Monetar.SrBoard. rj.th the foregoing points fhis Departnent i3 in confonrity prowlded which are c3-early f,or ln the Charter of, the Central Bank. powers of the Dito the follotring horrev€], is inrited Attentlon, as proposed Developnent Authority rector General of the Philipplne by the Comittee on lleorganlzation: (a) To vote the shares of stock owned by the goverrment in the eorporations, or nrlnority-held dif ferent goverment-owned, controlled to exercise aI[ the rights of a gtockholder in the said corpontlons' the persons to and to recomend to the President of the Ptrilippines be oelected as n€Ebers of the Board o.f Ditectors of the differ ent corpor&tions ; (b) To pass upon new development progra,als and proiects of the goverrmont-ouned and controLLed corporations, their anrrual ard supplementary budgetsi (c) To revoke a resolution. of a board of dlrectors on matters by a board of lnvolving the foltowlngr (1) Abuse of *iseretlon (2) reeoluttons beti.een directors; Controver sies or conflicting on natterg affecting coordlnation tllo of, more boards of dlrectors, goverment or a govertiment corporcorporations between two or aore governuent; snd bureau or of ihe ag€ncy atlon and a (d) To asseos the differe nt corporationo urder its juriedietlon' in such proporti-onE as he nay deternlne, the anount necessar5r for Developnent Authority. the operatJ.ng expenses of the Philippine The drties

of, the Director

G€neral 4re ]'i m:llsd to the f,oILoF

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(a) To check the ope,rations of alJ. goverreent eorporatioaa provided in their respective budgetsi (U) to uat<e perlodic submltted to it:

as

chocks on the bal-ance sheets aDd reports


- 3 (c) To carry out the policies fornul-ated and projects nended by the Natlonal Econo::ilc Council- and duJ.y aprroved by the Fresident rrith respect to such corporations; (d) To exercise the rol-e of a vigilant stockholder, fol-owing periodically the progress of the businees of the different corporations in uhieh the governnent has a direct interest; and (e) To determine from tine to ti.ne, the essential industries and public utilities that q:i11 receive the benefit of the Government Corporat.e Assets. From the foregoing, it ean be readlly seen that none of the proposed powers end duties of the Director GeneraL above enrmerated w'iLI ljmit or red.uce the powers of the CentraL Bank under its charter over the tno financial corporations, ntrich have reference to the regulation of noney and credit po3-icles. The fiurciions of the Direct,or General of the PDA over the PI.IBand the iFC are simil-ar to those which the controlling stockholdefs exereise in a private bank. And these functions are different or subject to the porrer of the Central Bank to dete:nrine money end credii policies. SLrai.J-ar1y,the superrrlsorlr. polrers of the Oirector Generaf_of the PDA will not encroach upon the powers of the Central Bank over the PIE and the RFC since these powers sre 1fuiit ed to their business operations, reir adnelni-strati-on and the efficlency and the integrit;r of the nanaging heads. It tr:ill be noted, moreover, that ihe disposition and j"nvestraent goverwnent of corporate assets is not vested l-n the Direcior GeneraL but fu a Developaent Investmen! CormLttee, Hith the Secretary of Finance, as chairrosn of the National Econorcic Council_, Chainnan; the Governor of ihe Ceniral_ Bank and the Director Genera] of the irDA as nenbers. proposed then, a aaJority, or two of the ihree menbers, of the Devel-o;xnent Investrnent Cord.ttee, are top-ranking officials of the Central Barik. L,le cannot, therefore, foresee any possibility for the Director General of the plA to adopb and exeeutl poJ-icies co'nter to the nonetary poJ.icy of the Central Banlr. ft nay be added, further, that the creation of such Develorment Tnvestinent co{rnittee is in li::e with the reconaenrlation in the Annua1 Report of the Central Bank for I9|+9-I95O, that prov:-sion should be made for Itcoordjlation of the highest order amongrnonetary, fiscal_ and banking po)"ieies. tt l{ht1e the Central- Bank, by the nature- ot tts onJectlves, needs to supervise all banking institutions ln the eountrv and to coordinate rhonetary, fiscaL and bankbg po1-icj.esrr there Ls a si.nilar need to supervlse and coorclinate the aetivities of alL government


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enterprlses ao regards thelr adraiaietration and business to the total ecoaonric nobl-lLzation in oldef, to gear thqrL effectively proglan of the Presl"dent. The direction, superviaion and eontrol ufilch tbe Phi-}lpplrre Deve!"oprnent Authority will exerclse over the charactor from, and are not i:tRFC and tbe PNB are of a dtfferent colopatible with, those of the Cenrtra-l Bank. Whil"e the RFC end the lnotitutlons, they are also gove$!:sent enterprisea. FNB are fiaancial their reaources, their operetlons shoul-d be attuned Their activlties, with those of other gover-aneat-owrled or controlled corporatlons, if these enterprLses &!e to forn a coheslve bl-oe of decislve influence in our eeonony. Very reapectfully,

,fo*"^^*^ 'SATVAD@

TRINEIASecretary


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October 7, L95O

m,IoRANDIiU for His Excellency The heEidâ‚Źnt of the Phl1lpplnes E a n L 1 a SubJect! This Departnent ras furnished yesterday wlth copies of the following resolutions of the Reorganlzation Comniasion: flThat the NACOCO be abolLshed and a l-iquidator Meeting of Septernbe 7, L95O. appointed.

be

'rThat the NATOCO be abollshed and a llquidator appoiated. Meeting of Septeaber 7, L95O.

be

'lThat the NI.FCObe abollshed and a liquidator be appolnted, and ttrat all Iands, pub1-lc and patrlmonl-al, of the Governnent under the adnLnistratl-on of the NAFC0 be transferred to the Bureau of Lands, ercepting those devel-oped lands r*rlch are presently belng agrlculturally (DAlEC0t ) or used as datronstration plantatlons and/or e:cperJmental etations and seedllng bank p:rpooes, the actlvitLes relating to a'l'l of which to be transferred to, the and assumed by, the Bureau of Plant Industry until llquidator shouLd decl-de othenrLse. Meeting of Septonber 9, 1950. nThat the National llshed and a liquidator ber 12, J-95O.rt

Food Producte Corporation be abobe appointed. Meeting of Septem-

It 1g understood that the Reorganization Cor niesion did not approve the request of this Departnent stated j:n a m@orandumto the Comdsslon, dated October 3, L95O, copgr enclosed. If Your Excellency approves the above-quoted recoomendatlons, I u"ish to suggest the foL3-orlngl


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t0 composed of three nabers, be 1. That a Board of Liquidatore, of the Llqriidation of the NAFC0, take charge to created and appoLnted N!.PC; the NATOCOr and the NACOCO,the 2. Etral the sald Board of Liquidatore be made reoponsible directLy to the Office of lhe Pregident, or LndirectJ.y, through the Department of Economic Coordlnation; 3. that' together rith the NIICO, the 29 Japanese corporations nolr controlled by the NAFCC,be dissolved; 0rder abollshlng the aforesaid -corpora4. That l"n the hecutive tions, it should be provided that the snount representing 506 of, the fees iol'lected for copra inspection servicesr nhich, under Republic Act No. 4?1, should be paid !o the NACOC0to further the industrialof coconut byization of the coconut industry and the utllization products, shouLd be nade to accnre to the NDC,upon the dieeolution of for the sane pu"posei the NACOCO, 5. Si.nl1arly, that the net proceede derlved fron the sal.e of thâ‚Ź and eorporations beJ-onglng to Japanese nationsls propertles fornerly ratcn nad been tulned over to the NAICOTwhich procoedsr uDder Republ-lc Act No. 4??, ghould accrue to a speclal fund to be nade avallable for disposal by the Presldent of the Philipplnes for the rehabllitation of the absca lnduetry, ahou1d not be eonsidered abrogated, so that the said funds could be entrusted by the President of tbe Phl1ipCorporatlon or to the ftehabipines elther to the Price Stabllizatlon l-itation Flnance CorpolatLon for Loans to abaea pJ-aaters or cooperative associations fon:aed by abaca planters; and nical

6. Ttrat the correspondl-ng Exeeutivâ‚Ź Order be prepa,red by the TechCcmittee created by Your SrcelJ.ency.

Secretary


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I

SPEECHDILTVEREDBY THE HONORABLE ARANITA, SAIVADOR SEORETAnY 0F ECONO},IIC COORDIIrATrON, AT TI.IE CONVOCATIOI{ SPONSORED BY THE CENTF,AISTUDEIITORGANIZATION 0F THI FAR.EASTERN UI'ilVgnSITY0N L'IEDNESDAY TiFTERI{00N, NOvr[tsER15, LgSA pn-c

nnn*

Tan

ftffi

aarc

dhi hi crpel i .'-, khl

.Fd

^f

l-ha

Ilhi116r'ci+1r

M-rnb,:rs of

lhc

his crustde for

ing a new Philippine

Student

6F4s:

Twenty years ago, abouN thi.; h'ai inaugrrltins

y'a!.

ideology

and Economie Independence.

time,

the Lhen Speaker Manuel Roxas

a Brqong Xrtipunan,

aj,"lodat foster-

which conbj.ned prolectionisn, the great designs for

All

patriotism,

econonic inde-

pendence of thaL grcat leadcr of cur country, who sixteen yexrs later became the first

President

Again, fifteen hras inauguraled,

of our Republic,

years todav the Commonwealth of the philippines To all- int,ents

t,lle conffencement of a ten-year not fri,nlarily But all

for

ca.meto naught,

and putposes,

transitory

self-governnent

that

period

but.for

Roxas died r,rithoul

was

lo prepare us better,

our econonic independence.

these great designs came to naught,

Quezon and President

inauguralion

a,rd both presidcnl

seeing the darar of our econo_

m i c i n d e p e n d o r r c e , b e c a u s e c i r c u m s f , a r r c e sa n d o t h e r f o r c e s s t r o n g e r l h a n lhose at lhe corinand of our reader:s nude i.t impossible

for

then to im-

plement the doctrine

of Froteclir.,nism

dependence,

to the Japancse occupati.on of the Islands,

ravages of

I refer ar,

to the .q,"neric an trade

and lring

poticy

about our econonic in-

with

philippines

lhe

ing the Connnonwealthperiod., anrj to our Trade Agree.nenl with ted states

concluded upon the procramation

the dur_

the Uni_

of our independence on Jury

l+, L9l+6. Today, at last, policrr

because Atlrerica's

with

lhe Joint

phifipplne-American

has changed, Finance Conmis-

that studjed our problems Ln LgLu?, This Commissionrecomrnended

import controls, ism.

and optimistic

towards i:he economic problems of lhe philippines

The change dtarted

sion

nre can be elated

a very important and effective

weaponfor protection_

It is to be regretted t,hal lhe reconmendations of this Comnis_

sron were not seriously implemented until

this yea.r, more than two


- 2 -

the.' had b^cn presenL.d'

lrears after

chanq-e of policrr

Another norle substantial

Agreemenl is ' ." -i rnu

suggested,

r lsal .r (ar nL iUr L n rn' cu L r ri 'r r u

fF un rt !r

wr' can sc,: the dawn of our econo-

No!,r, at fast r rr + n n d

t^--,ysdr-

contai,ned jn the re-

in v,'hic'h a reexaminati or of the Trade

of the Bel} T[ssion,

cent Rerort

is

rha

- - - v^ u l "r -4^r +e iu^ n Pr

nf

nnlit.ii^:l

in-

And nor"rlhe Unjted-

Howcver, Indepencience can aLso mean FiluJ(rism.

i!

nrrr

qr.t^e

ic

njnes,

but is about Lo exLend lhe i-arsl-.alf PIan ro our co'rnLrv an'r is

strongly

r. r^v+ !

v^ thu lJ v

urgiug

rarri:ino

us to carry

it<

onnrnmia

T h e a g r e e m e n lw h i c h l r e s i d c n t llnn

will

InIill

irn

Fac*rr

ec

arrniel

innroeantr*irra

phi l irnirc

eha,+. -

^f

famous Atlantic

-a^h^z.i .

+ha

nf

.:-^^h--dCnCe

Bal'uio wjtl

Prr

<irlanf

and

Tnrrmrn

eConOmiC

crranEethe course ofl histor-

but throughout Er.si Asia,

It

js the

Charter e)dended-to the Philippi-nes.

I wjsh lo quote the following ih

sl'ill r o:oromjc

J am corfjdcnL, as th( il.S,

democrarc", I prar- that Ll-is charler wiff not only in thc Fhilippines,

Philin-

and economlc

Quirino has signed in

b e r c g a r d e d b y f u t u r e g L n (r a t i o n s ,

qnnnonred

thc

to us not only

are bound to brlnq

ecoromic independcnce, but whaL is more inportant

Ihn

Lm,nrdq

out a bold progran of socjal

A11 of these things

refo:'mation.

nnl inieq

. r','oa}7rani

''The

very siAnificant

statement contai.ned

.

President, of lhe PLil ippines, l'igl'ly anprec-;ative

nl'he rrnff"r^arl heln nn t.he na-t of t.hc Fresj6ent of the United States, Lo bring about social- and economic well-being in the Fhilippines, announces his deternination to lead his .^rrn+r\r

n

^{'

+_hF a+iai-h6r+

+ r .r -r io-

ar..r 5r coL

ea.l 6udr,

+! ,1r -Lr ^ r . - r .

+^+.1

econonic mobilization and the bold implementation of measures that will bring aboul a h'gher degree of socjal .justrce in Lhe Philippines. rr In this longlngs

paragraphr the President simply re-echoes the feelings

of a whole nation,

mic mobilization ciated

to bring

coupled with

by President

Quezon.

about his prograrL of total

the program of social

Justice

first

and

econoenun-


- 3 The goal for the total lirst

economic mobilization

of our country was

announcedby Presjdent Qui-ino aborrt two years *s.obefore the

stud ent body of the University

of the Fhilippines.

lime, the Philippines di-d not have at its

Again, at that

nd the necessarrr inct.r rrcomma

nents to bring about this great goa1. pl-an is to be extend.ed to thc,, philip_

But now that the l'{arshall

pines, and w:ith the new enlightened American policy towards the Fhil_ ipri-nes, which proposes to accord to us all- the attributes nic sovereignty, the time is ripe for all

of us, especial_l-ythose v;ho

are in the Government,to put our shoulders together. petty bickerings.

of econo-

LeL us pool our ingenuity,

Let us forget

our resourcefulness and

our patriotisln to,:ether and, wilh passion and vision,

bring about the

solution of age-old social and economjc problems greatty aggravated by the last .arar. With the help of Arnerica and the supnort of our people, leb us strive

hard to bring about a new philippine

era of pro_

gress and plenty. Phi-lippine and .A,'nerican leaders now realize

too 1r.ell that the

Philippines nusN have greater production, a rnore diversified and a higher family income for its rers,

aI1 of which will

institutions

:industrial

greatty conlribute

and agriculturar

economy, labo-

to the enhancementof free

in the philippines.

A workable blueprint, to bring about these economic objectives i$.. found in the recent Report of the Befl l4i.ssion.

It mg;rn6t, 5g

a perfect document. It was the ruork of nen who, with a fevr exceptions, had to sludv our problems for the first

tine,

and for the shorl period

of two months. It is to be regretted that, Lhe Bell l,.{ission failed that our social and economic ills

are age-old problems and that some

of them were the cause of the philippine last

century.

To an impartial

to emphasize

Revolution at the end of Lhe

student, it

should be apparent that


there 1s a regretlaol-e over-emphasisin considering these as nost};, postl^rar problems, feft

urrsolved by Lhe jnaction

pine leadership in the Go.,rerruireni.The truth

of the present phi-tip_

is lhat our social pro_

blems have come to the fore and llave been dranratized by trro new con_ ditjons

brought about by lhe war:

moral deterioration

the great physical destn:ction

and

for ivhicr: rhe rast h'ar is respor:slble coupled with

the presence of thousands of loose arnos. But basically,

we are called

upon Lo solve at present, the sane age-oLd problems which were left sofved d,ring

fifty

un_

l.qgrs of American sovereignty tn the philippines.

Because of lhe said two coirrli,uions brought, about by the war, Lhese pro_ blems are no more pt,essing and at ihe samet j:ne more difficult

to

s o}, e. The Beli Mission has failed difficulties

;o appreciaie fully

the fundarnental

of a new indepenclent government. Lareely shaped ancl con_

dj.Nioned b;r the demand s and r esponsibi lities

of a crl_onj.af system, lhe

new govcrnlnent had t,o face lhe pressing challenge of rn independeni, sovereign country.

Xven wiLtrout mi.nimizlng the jmpact of postwar con_

ditjons and the necessities of rchr|i,litation task of the Philippine ponsibilities

GovernrnenLin reaCjusti.ng itself

the energies and altention

nagnitude.

eeo_

This alone could abscrb

of the people and their

the exclusion of everyrhlng else.

the

to its new res_

arrd in foymulating the essential stens to internal

nonic stabil-itJ' is of th,: first all

and reconslmction,

Anot,her critlcisn

goverrunent, to

that coufd be

made of Nhe Repcrb i_s '.+ it s fai,lure to point out that a basic cause of our inability

to bring aboul a more rliversified

economyis the

present unequal and uniise free lrade arrangemenl bet-,{eenthe philip_ pines and lhe United States.

f believe lhis

ls now more general]y

real-ized by J-npartial sludents of our econony, which is confirned by the facN lhat, r^r.iththe irnposition of import control_s on Alerice,n goods, the evils

of unlj_rnited fri:e tracle w:ith tne United States


h.r'6

hd. h

'-ieeinr

dr-.+1,.

^.,-+^i'l

Elcdutv

hc<

nrda

a q

^.r

-

1+

^^h

s t , ' r n p . t t h e t i cw i L h o u r p r o b l c n s ,

1utel"

hereLofore adopl..i by th.

cided to give us back all

the attributes

q,.rd s-pat.

it.

tral'l

f rq. u d Jr r ec L

vE

The Report has expcrts who arc

most wjtling

c.^r'i.i.ca

counsel-s that

rI

posilive

to change any

Unjtcd Slatcs,

and most de-

of our econornic sovereignty.

This crisis

although mcn.-

could only be solved by

f , , ' t 1 - r q^6dr n e e w i t h

the

r srrJ

Bpfl

Lis_

measures nust be und.ertaken

rrproniptlyrt. Tjme is of the essence. stlf

^ ^Um' rhPr ra hq6r hr c li or rr o L

we are indced facing a grave crisis,

of us do not seen to rcalize

sion when it

rho

us, not by being more generous than is abso-

policy

mersures

-hd

tuh rl *o u

and who woufd Like to hcl-p rhe lhilip-

and necessary, but stj Il

IIy friends,

L a r r o r! rLor r,

by a group ol real

essentjal

misl,krn

bofd

.^:.r

econc.rjc and social-.

inpressed me as a stud" und rllk;n

pines, not by spoiling

L^

!*---+:^1 !tr!a)

- ^w- rr u. +} ,^l h u+ ( , r u , L

rvr !ar r l r '

our problemc - fiscrl,

of alI

- )

I am, therefore,

availing

of Lhis opporlunit.v Lo apprr1 ro you - thc youth of

my-

.c philip-

pines - to ask you to corisjder. the coming years, not as nomal y, ars, but as lrears of sacrifjces

a n d o f s e r v i c e f o r t h e c o m m o ng o o c l ,

you rnust take fhe atlitude

not begrudgingly

in the spirit

of a greaN adventure,

and econonic reformation. ing inmediate

to undergo several transition

Phil-ippines jnterests oiher

the difficuft

and drastic

measures that

and adjusLments.

of a great

crusade for

of Lhe

unless vested Arnericans and

and accept r^.rholeheartedly

have to be taken and imple_

and sacrifices

but also from non-nationals,

short

bv demand-

and economic reformation

are readrr lo support

hre nritst demand patriotisrn

nationals, nothing

ycars of riifficultjes

r n a d eu p o f F i l i p i n o s ,

social

1ry'e musl be ready

cannot be pushed lhrough b;, s11. leaders,

nationalities,

and even

in a great

from the very start.

Lhe social

in lhe Fhilippincs,

mented.

as participants

lde should not be short-sighted

happy resulls,

f am convinced that

but gracefully

And

not only from our

T h e s e m u s t b e c o n s i d e r e c l .a s

the achievemenl of true

economic


o

?,i t&o-"rs d a m o e r q e . r' r

t . h r ' I - h i ' li r n i n ( s . ask nte, .^'hat is the role

And rrou will +i..1

of the youth in Lhese cri-

ilrr/c?

rnefla and Quezon asseried

ther sclves

were in their

I feel

twcnties.

of the peopLe' lhey

as the leaders

new b1r'od, new

lhat, we niust bring

and new errthusiasm in our government.

of youth,

vigor

on when 0s-

and even later

Bonlfacio,

In the r'r.ys of Aguinaldo,

Asscciatlon

the Philippine

-

thoughl tc Lhc rvork'rndcr my departrncnt,

Appl-ine this

lo appoint

and Univer.sities

of Colleqes

invite a

Committee to confer vrith me, t,o devise ways and means whereby the hnro.f v !

r F I w

c * r r r l - n f q i r + . h ns c r ' o |

classes coufd work as appr.nticâ‚Źs

r v q v v r r

and be givcn

and in gover|ment corporations,

ny departacnt

access to

fro-1 which thcy may Eather facts

g o v er n m e n t f i f e s

non-c onfidential

:tl

qnd fiorrr.s as hnsi. for Lhlir lhes.s. 1l woul-d bc a mistakc, n ^ r + ur u- h :, +r au,! !

+^

trvr

tr h, .e-

1r--tr

carrrnnmon+

o^r

Ih-

P'ia]d

61ev

* h l i n h - e pv o l er vr \r

J\vr

nnmnlow

eit.rr

f.-

r/^. Fc-rf'

*^

n ff

'-^

.d'r't-a

T

nrrr<

J'

n so . l lf , -lv s- Jhr o r Si n . r

r "r m '

+e ^v

rLUU

Ynrr rro

h

*eh o re

-^+

Jeu

lhal

;-ou should fcel

nowcvcr, if

rn rwrs rr rnl r+J r r r

.^^r1ira

dLYutr(

ctrrdrrino

in

l.h-.'ilrc.y,q.

iq

li.nitcd

Jwur

f.hiq

oroat.

the

hlitrr

t.o

r<l r. rhv ^v ^ !

tt^rrr

ri rr

yoLr ol-

univ.y'-

sounC sociaL

" n d e c o n o m i ( ' , n e a s u r 's w h i c n ! " r e a b o u t t o b . i m p l e n e n l e d , l h e o p p o r l r for work and for

nitics

enLerprise Nifl

in our nat,'rona1 problems.

You must take interest hF^hlom

thnnnrrchlrr

hofnro

rrnr

P - ' / w r ! . . v ' . v v J S l l r l ! w w ! w I l J v '

tu v\

r r + u- -s n, A+P U

d

r^

^h:+j-.1

the facts.

of al

--

be tremendous.

+h,.

te1.a.

et.h.]

r ^ l rvF r rh. n r -F , nr +r . u

6\

if 4

l+

i-

rrnrr err

,rvq

But strrdy the r,

r^+

n^r

in

F

f^.

r^cceceinn

Lack merit

Othe'wise, lrcur ccnclusion:; will

-r^,1

and

validity. Todav- it

h a s b e . c o m et h e f a s h i o n t o c r i t i c i z e

our Presidenl and

the goverrunent in gencral. To give you an ,xample of how unjust and unfajr ^--i--+

d5d.r.rru

|uh. r -(

D-^..i^--*

r fsrrJ.Lr.u,

arc scre of thc

r ,w.J,L^ . 1 1 dl i k e

f

lo mcniion


- 7 'L-r !r,d

v

a o ynr n ! c:rcd

nn

t.ho

firef.

nas,. l-Lo_

n_ -f

th,,

l:r<t

icerrc

of the rrFreePress'r, a crltici5m which was duplicated in another cartoon of the ril.fanila Cirroniclef a few days J_ater. In both cartoons, President 0-':i.r5no is shov,'nreorgani.zing governnent corporations.

The

idea conveyedjn bolh carloons j.s thar, Prcsident euirino is sirnplv j

reOFE.rn

z l.o

actually

onvr.r'rmphl

.^Fh.r.+

i ^,.-.

no reorganlzation at alL i;

a L L^â‚Źh d i h o I i L5J Ir-

!r,. v'v

t.hai

r.

arme<

cnd

l-het

being acconplished in qovernnent

corporations. The reor ganization of government corporalions is proceeding in line with the report of the Commitlee on Reorganizati.on of Government Corporalions of r'rhichl{r. H. B. Reyes, former president of the Far Eastern University

as chalnnan, and in which I had the privilege

pleasure to serve as a rnenber. It believe that the reorganizalion ernment corporations. ful

and

is not correct to make the people

is just a mere change of nanes of gov-

The Reyes Report was drafled after

a ver)f care_

study nade by the five memberswhich ccnlposedLhe said Conn:rlttee

and lhe said study was submitted for further

serutinl. by a higher and

bigger bodlr, the Reorganization Commissj.onheaded by Don RarnonFernandez.

The President of the Philippines

di,fficult,

cannot directly

attend to the

technical and conplicated ,rrork of reorganj zj,ng government

corporalicns,

Ile has to entrust lhe said work to competent nen of

his confjdence. Lnd lhese, he has done. i,rlewho belong to the Royes Comrnitteeand., I am sure, those who belong to thc Fernandez Reorganization Conmission are willing sume complete responsibility reorganization failure

for the work so far accompli.shedin t,he

of government corporations.

or nistake connnitted j.n lhe drafting

tion plarrs, ours is the responsibility al-f the blame.

to as_

If

Nhere has been any

of the said reorganiza_

and we are ready to accept

If lhere has been any nistake connitled in the imple_

mentalion of the said reorganizatioh,

as Secretary of the Department


tut Q"'-,m-.*

- a t -

of flconomic Coordination, I arn ready to assumeall If

ihe responsibility.

the newspapershave to indulge in the pastime of ridicul-ing

officials

public

in the nLatter of reorganizing governnent corpol:ations, the

pictures of l{r. Ilermenegildo B. Reyes, Don Ranon Fernandez, and nyself should have been dralm in ihe said cartoons and not that of Presldent Quirino. In the sane manner that we are willing sibility

to assr&e all- the respon-

for any error or rnistake cornmitted, we woul-dalso like

to

have our due share in any accomplishment oblained in Lhe planning and inplemenlation of programs f or goverrurient corporations. And in defense against these unfair

that are now beitlE:

criticisns

waged in sone o.uarters on the planning and inpl-ementatlon of the ieorganization of govertrnent corporafions,

I wish to bring to your atten-

Lion the follow:i"ng facts and figures: NAJ'mThe present conmroditycorporations, nanely NAFCO,NACCCO, TOCOand XTationa1Food Products wilL be dissolved and their

aseets

disposed of in the following nanner by a Liquidatj.on Conrrnitt ee to be aDDointed s oon: (a) A11 agricultural different

aclivities

goverrunentcorporations,

formerly handS,ed by especially

the Nation-

al Abaca & Other Fibers Corporaiion (NAFCO)and the National- Tobacco Corporation (NATOCO), iarill be transferred lo Nhe Bureau of Plant fndustry. (b) The lndustrial

activities

of the NAFCO,the NA-

TOCO,the NACOCO and the National Food Products will transferred

to the NaLional Developnent Company.

(c) The tred i-ns activities either be transferred tion

be

of NAFCOand NATOCO will

to the Price Stabilization

(FRISCO)or merged inlo a new entity

', ducers' Marketing Corporation (tnOtruRgg1.

Corpora-

called trPro-

I


- 9 (d) Properties

of thc said corporations

that need noi;

be kcpt wiLl- be sold or leascd. il. Governntentservices that cannot be made self-supporting and which arc, being handl-ed by go.rernment cotporations

wiIL be trans-

fe,:r:d lo the corresponding departmerrls of t,he executive government. Thus, the I'lational Airports

Corporation has becomeil division

of the

Civi.t Aeronautlcs AdniLristration (0AA) arrd the ltlationr.l Cooperatives 8: $:nall Busi-nessCorporation (NCSflC)has becomean office Dcpartrnerrl of Comrncrce & Trrdustry.

under the

Ii Lh t.hcsc Lransf crs, great cco-

nomieg are being effected in overhead. The Rural Progress Administration

as well as tho abaca lands that are being subdivided will

transferred

to the Bureau of Lands. to centralize

be

in the Bureau of

Lands the subdj.vjsion of al-] ptlblic J-andswhei"e setNfement artd developnent are not involved. and the IriAlTChave been merged anto the PRTSCO'In J, The PRATRA thi.s merger, we have accornplished a great savings in personnel and greater coordination of work between two important governnent instrumentalities.

Moreover, witf, the new Board of Directors ihat has been

appointed for this

corporation,

composedof very able brtsinessmenand

execr,.tivesr and with the designat:i,on of l4r. Daniel Aguinaldo as lliarraging Director, one of our nost rble and outstandi:rg busi-ressmen.at a great personal sacrifice efficiency. and integrlty

on hiS part, we can now readily see how

can be injectcd

into goverrunentcorporations.

CivJc organizaLjons and busincss rnr.rpriscs

are cooperating acLivcly

with the PRISCCin strra-mlining Lhe corporetion, in the process r:f reorganization,

a.nd, incidenta-Lly,

somemajor anomalies have been dis-

covered and proper remedjal measrlres are now being taken. ie. The forner National- Land Settleraent Adrninistration, and Corn I'roduction

Administration,

the Rice

and the I'{achinery and Equipnent

Department of the NDC, have all been merged into the Land Settlement,


- 1 0 -

and Develolm.ent Corporation

(IASEDEC0)under the chairmanehip of ltr.

Eduardo Cojuangco, former Governor of larlac

and a very successful

farmer and elrNerprisirg industrialist. Again, the nctr Boord of Directors of this corporation is composed of men of proven success as farmers and of the highest inlegrity. Col". Yay Pan1ilio Marking, who $,4s appointed to represent the guerrillas

in Nlie Board, ls a successful farrner in her own right

in Min-

doro and ls greatly j.nteresied in tire pr oblans of land s ettl.ement. Even with the lindted

present cash resources of lhis

I

corporation,

wil-l becone a very important instruhave great hopes that LASEDECO neni;al-ity ln the soluLion of the agrarian, and peace and order problems in Central Luzon.

wi1.l go to Mindanao next week to visit first

corporation

and acquaint thsnsel-ves at

trand with the problems in the djfferent

thc jurisdiction

of this

The Board of Direeiors

areas under

agricultrral

of thc corporrtion.

5. We have organizcd the National Shipyards and Steel Corporation start

(NASSCO),a very i]nportant step undertaken by the goverrunent to a najor industr]' in the l'hilippines.

Again, I an happl' and

prou'1 of the men wtro composethe Boarrl of Directors of this corporation.

Six of them are outstanding and eminent Filipino

and one is famlllar

wlth the shipping industry

engineers

and a ;''o'rng, e:tpe-

rienced business executive. With the foregoing changes, th'- 22 corporations under my Department will

be reduced to 1l corporations on1y.

And th.. reorgani.zation of govcrnmentcorporations is tr:ing

place

even in corporations which are not being nerged. In llne

vrith the general pol-iclA'of ':nyr Eepertment to have gov-

errment corporations managedas economically and efficlently

as pri-

vate enterprj-ses, at the recormendation of General ManagenEduar{o unncessary perso:l-nel is Ta.flor of the Cebu Portl-and Cenent Conopan)' belng laid off th^reby effecting a savrnâ‚Ź of apfroxi'â‚Źlely

P2J8,OO0


-Itof LIie reporL of thc Iteyes Cornmiltee

Cne o.f ihe nain fealur.-i is

lle

government corporations. n-nrr.z{

}r"

t.hr

p-^ci

This reconunendation has riot yet been ap-

ro.rt

h

}.

I

r:t.rnnolrr

is the rnswcr to the agc-old difficull,v ployees in goverrment corporaLions oI

thc

-,r

cornoret.inn

effjcicncy

. vslcm r-c adonled in

,r profit-sharing

rccommcndaii:n thrl

fhli

lh,.r

hiiv

ho

t.hrt

rrrr f.it.-qher.ino

,'ffjcers

of givjng

lircct

and 'in lire

rnd -irtcsrilv

f :ol

interest

alrd en-

in the success

^h-F..+/..] iri+h

+ha

with our reitcratcd

cnaol ne*

pol ict., to

accelcrate the c.rrrying c'ut of :ocjal rrforrn; 1n tho F\ll.ippine:. n l ' t h t h e " n n l i c r t . J o n o f t h e I - a " s h a 1 1 P l a n t o t 1 ^ , rD h i l i n n i n . - . s . government corporations

are bou.nd to play a more significani

-or+.an*.

inrirr..

-61 ,

in

+.h,. Dhil

of 3 nillion tina

rci res.n:s

a iollar

plr

and a fertilizer

ed-r nont,r:crod-

plant,

is

r ^ r h ci l -

+uh| q 6

srvin;

_n f.irI

li-i+.,1

iml,orts

Once the l'tiaria Cris-

innlrrr.loq nnvrer dnrrolnrm-rr

completed, the si:.vtngs will

pesos, distributed

hFAa^h+ P. rr!r'u

n ^ r r a r " o r a - e 1 . ,d h '

th.

7 hrindred thorrsand pesos annually.

nr-rrrci.-

23 nill-iorr

trrran rrith

towcr eornorrt.'n,

laci LiLj(s of thc lration:l lhi.s Corporxuion lfrcadv

paar ^m.'

and j,n-

increase

by

as foll-ows:

(a) Four million pesos would be re dol-far savings in fuel consumpNion (b) Scven million pescrs would be the dollar savings i_n ferti_lizers (c) Twelve rnillion pesos wouid ,ce the ciollar :ravlngs in increi:.sed ;7ie1d of our rice pla.ntations. Friends,

these erj.tical

and resourcefulness nomic mobilization is needed today,

da;,'s are a, challcnge

of our people.

Nothing short

coupl<.C r..rith our social for

No ihc

of our iotll

eco-

and economic ::eformation

us to sol-ve our present nationaf

the words of Presideiil

patriotisrn

problems.

In

Quirino:

rrTotaf eeonomic mobilization i.s not Lhe exclusive prerogative and function of the govlrnnent, or of the party in power, or of any social group. It is the con_ cern of all - as it should be, in our kind of democrac;;. The govcrnment is expectcd to fill the bilf of lcader_ ship, but il feels free tc invite and draw upon lhe Na_ lenLs available in public and private l-ife. It feefs free to inspire and to enlist suplort f::on any and every section of the population.rt This program of President finar cial Ieadership ticd,

and technical of President

Quirjno

can nou be carried

as$islance

of .Arnerica.

Qrrczon and president

and r,;e found ourselves

out our cconornic stabilit-.r,

wittiout

ff

oui with belore

the

rlnd.er the

Roxas, our hands were

Nhe needed instruments

to work


.

-

\

-l'2 with the recent Trurnarr-Qu.j rlno agreenent, entr'rsled ln our om hands.

At last our salvation is

Oui: capacity arrd our patriotism

is being

put to a test, I feel that at last Anrerica understands our prob-Lerns. Sorneof these problems are not of our ov,mmaking. Somer,rerc caused by the war.

Someare centuries old.

Sone are due to the tr,resenl Trade Agree-

rnenf;with the tlnited States, which is due for a major rcvision.

In

the last four years since independence, the main national prooccupatlon has been reconstruction,

After the ravages of war, Lhere was

ncrhaps th, natural tendency to misirLt,rpret '.he saying "Charlty bcgins at hometrby actually self.

During all

adopting the philosophy of ever]'one for him-

these years, too much materialism and pragmatism

have perrraded our national

atmosphere. Reconstructlon, materiaf râ‚Ź-

constructj,on, seens to have been our national and inrilvidual sion.

lt

is time that moral., spirituil

take the }eao in out: cortntry.

Il

obses-

and el cvating forces shoufd

is tir". that our natione.f program

of aution be well- bafanced between lhe we,'Ll-beine of the indiviclual and the well-being of the communily. It

is I imc that we search for

the solution to our natlonal p::oblemsby actually tice that noble thou.ght of the great Lincoln,

putt,ing into prac-

when he proclaimed that

he would act 'rwith malice toltrards nc,ne and with charity for all.'r

ft

is tjme that the lmmortal. Sernon on the l.tloimtis te"ken out from the pages of our forgotten NewTestarlent and its wise and saj.ntl.r counseLs regain their

pristine

appLication in our daiJ.y lives

and natj.onal

decisions. OttT' norrnf.rv

I

npr.,1q

1-.od:rr :1 opp5+

in<nir^ino

oa"l 6vor

*vav

+ ff ir 6 ^r hr u

!^' !vr.

lrl L l - r^ c

forces for good must not be satisfj.ed to be on the defensive; we wil] not achieve enduring peace and or.ier, if

we limit

ing our ramparts lhat have been shattered.

our efforts

to rnend

The forces for eood must

be mobil-ized and directed to at,bain sc..e great spiritual

end., and this

.l


t '

ffi

.-rF .G

q

Q.rr--trE

_L3_ end rnight eâ‚Ź weff

coupled with lhe iocial 'f n

mobifize

hri

rro .ahnrr+

all

nrrr- narrnf.rrr

nlr

the latent Tho

economic mobilization

be the total

and econo"ric rcformation rnoi

r'l

rnrl

onnnnmi

forces

for

good lhat

<ahnnlc

fhr

hnnr e

tho

n

of our counLr;r

of the Philippines.

r,.f nr.mrf.i nn

we

npod

l-.n

we have in abundarce in

nhrrrnhae

rnd

nirrin

zations must plalr an ever incrcasing important role in this

nroorri-

crusade.

We alf have a stake in the success of our Renublic. Tedirs:n.l

olrri.l pmon

1

z'crorf

*hic

our shattered ecoromy along sound lints.

ic

e

and determination

lonoa

*n

rrhrlilrl

To acccpt, the challenge is

not only m;. task nor of our govcrrxrrentleadersl Mav God -"rant us vision

nh.l

in its

it

is also your Lask,

fulf ilfment,!