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I $epuhticof fle S\ilippiner
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@fhwsI frnnumic Ousr}irla;tisn $anila
.{ugust zb, Ly)I
for !!ilM0:IANDIJM His Excellency The lresident of lhe Fhilippi-nes SubJect:
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of the Office Sumn'e.I.]r of a.ctivities Economic Coordination.
ReorAanization and disposltion poratlons.
of certain
of
aovernrEnt col'-
During the fiscal year l95O-51, the 22 governnent cor?orations under the fonner Depa.riment of Econonric Coordination were abolished on reorganized ard reduced to lJ, (See Appendix Ar atAs I pointed out in ry memorendunto Your Excellency on tached). Januo.ry 25, L95lt copy enclosed, (,tppendix B)r this step rnodified ihe overall structule of governrnent corporations in l-ine with reccrr endations of the U. S. llconomj"c Survey (Bel"l) liisslon to the By recent congressional- enactrnent, two new corporaPhilippines. tions have been placed under this Office - the newly recreated SuNational ltic e and Corn Corporation (I'IARIC) ard the t hilippine (PHILSUGIN). Besides, the reorganization carried gar lnstitute out by Your Excellency at the end of last year, placed the Institute of Science and Technologr wrder this Office - a neasur"e r'irich has pemLitted g"eater coordination of the work in appl-ied science and government corporations. between the lnstitute The properties of the following governrnent owned or c cnwhich ltere abolished, are now being dlgposed corporations, trolled Board Liouidators: National Atraca and Other Fibers a of of by Corporation, National- Coconut Conporation, Natlonal Tobacco Corporation, itrairional Food lroducts Corporationr Shipping -.-drrinistration, arri the foraner Surplus Property Codr[ssion. In 1j"ne with the po1lcy of Your Excellency to dispose of etc. of goveroment owned or controlled investrnenis, properties, business enterprises which could be handled by prlvate enterprise ldthout preJudice to the public interest ard coroJJ-ary to the reorganizaiion of g overrunenL corporations, I subritted to Your ExceLlency a report and rec crrulendation, (tlppendix C), whlch you have approved in princ iple, on governnent enterprises, unit s thereof, etc. that should be disposed of or reinvestmenis, properties, tained unier goverrtnent controLr