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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
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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
* 2 _ steps have been taken to sel"1 the InsuLar SulsarRe Corporation but was later poetponed in view of the intentlon to have this corporation taken over by the PHILSUGINwhlch was recently created under Repub}ic Act No. 532. The Board of Directors of the PHIL$UGINhas receot\r authorized lts chairman to arrange the purchase of the refinery at a price and conditions which wilI The sale nay be arbe subrnitted to Tour lJxcellency for approval. It wilf be noted that the I'HILSUGINrepreranged w'ithin a nonth. sents ihe ougar industry utrich is in the hands of prl"vate enterOfferg were also received for the Furchase of the Texbile lii]-ls of the NDC. One of these was suhn:itted by the National TexSince the offer involves nontile i,{orkers I Unlon in the Mills. palr'nent of cash to a large exLent, the texbife mill has not been sold to said anployees. Likewise, offers to lease the lh.nila Hotel Conpany rtere Its l-ease, houever, hr.s been held subni'bled try private parties. in abeyance pending negotiations on the settl-enent of outstanding bonded indebtedness of the ltanila Railrnad Conpany which practiall the shares of etock of the hotel. cal1y or.,,1:s fhe Oebu Portland Ceneni: '.Jcrq'anyhas not been sold because of the opposition thereto of certaj-n leaders of Cong:'ess. corrnodity, the It is pointed out that because cement is a critical government should control- the operations of the enterprise producing it* The projected lease of the Engineer Islard Shops to priparti es has been hel-d in abeyance by the Board of Oirectors, vate NASSCO,until- the completion of the Mariveles Shipyards in Bataan, irl view of the vital sorvices rendered by lhe shops in the construction of the shipyard. 11.
lnplenrentation
of Econo[ric Development P1ans.
The economic development plans adopted by ihe Sovemnent by governhave been inpl-enented by projects executed principally ment owned or control-led corporations which were largely financed by the advances from the Central Bank of the Philippines and by The thâ‚Ź resources and credit of these governmâ‚Źnt corporations. projects recomrcnded since L949 by the r'lational ficonomic Corurcil and approved by Your Excellency, uhich r.iere a-lready completed or in process of execution, are indicated ln Appendix D, attached. In addition to the projects flnanced by direct advances fron the Central Bank to the Coverr&ent of the philippS:res, governnent
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co4)orations have also executed other proJects indicated in A dix E. In the same appendjx, there ls al.so included a lj-st lmportant projects under study or approved in principle by the pectiYe Boards of Directors. The undersigned in Novqober 195Or created an lndustrial Tecl:nical Corudttee to assist and advice him and government corporations as well as private parties in rnespect to economie and engineering studies of deveJ-opmentprojects' The Chairrnan of the Comnittee ls }ir. Filernon Rodriguez, GeneraL llanager of the National times, the foIPower Corporation, and in the same, at different lowing ha.ve servedl Co1. AnradoBautista, I{r. Iiduardo Taylor, I'r. Jose Pairganiban, Dr. Ariston Hermano, and lif,. Gil Opiana. This comnittee is perfo ning very valuable r,iork. Durin5; the fiscal year, trao industrial surwey rnisslong r,rere sent to Japan composedof goverrsnent representatives and private businessmen. ileports subnitted to this Cffice lndi cate that plivate businessnen vho joined the r*issions are evidently taking concrete steps to establish enterprises which were the object of theiJ surveys and observations in Japan. ls a r esult of these surveys, the fo1a 5-ton daily capacity l.owing industries are being establlshed: calcium carbide plant; banboo processing; expansion of lmitting niIls; chal-k factory; various ceranic products; and a nurnber on home-r,veaving industries patterned after Japanese nrethods and technj.ques. l}Ie rknow hoft acquired by nembers of the missiono, lltro have been abLe to improve their techniques, in the nanufactu-re of paint, etc. i.s invaluable, i'lith the issue last Saturday of the executive order' listirg new decontroLl-ed and controlled iteme, other nenbers of the survey nissions, it is reporbed, wilJ" be â‚Źncouraged to put up their proJected The report of the 1st IndustriaL Survey group has been enterprises. published and the report of the 2nd group is i-n the procees of publlcat ion.
rn. In November 195O, this Office created a cormittee to stuqy avd subn:it a report and reconmrendations on the proposal to establish Baeis and operate imnedlately an oiI refineqy in the Phillppines. of the study was a previous report on a lOr0OO barrel of crude oilper day capaeity oil refinery estinated to cost F24 nlllion which was sutanitted by a technical connittee created uid.er Administrative Order No. 6J is sued by Your Excellency in 1949. The vari ous civic organizations and oll c onpanie s in the Phlllppines were given copies of ihe reporb of said technical conmittee ard their conrnents req.rested lrost of the parties that were cj-rcuJarized, including the thereon. oi1 conpanies operating in the lhilipplnes, did not endorse the project favorably. Thi"s Office, houever, indicated that the government was disposed to put up the oiJ- refinery even without. the participation of private business. Iater Caltex (Phil-ippines ) Inc., one of
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the cornpanies referred to, expressed (on Jule 3Ot 1951-) itsXQ{ of ldi intention to constnrct an o11 refinerT ln the fhillppines policy above-indiFursuant io the output. capacity BPCDcrude run cated, the governnent ls lending al-l possible encouragement for However, tlie tire eltaLrtishrtrent of thls. proJect by,private capiial.. deserves proponents exemption tax for of the request forthccuring (V% eythe exerption as s seria:s cbnsid.eration, Exceliencjr Your mar re991t al-lowed, if per tax) liter specific ard P.o? tax cirange in a Loss of revenue to the gwer:nrnent of no less than 1?1.? nilfor four years, the period in Iion 1'6311y or about F12? nillion which tax exemptions nay be granted under ftepub3-ic Act No. 35. This does not include saving- in income taxesr ( Appendix I'). One of the j-nstanceo where governnent corporations have clelimited their operations in favor, of private enterprise is the of CI?OC in a bid for firrnislling marble recent non-participation crosses to lhe American Battle llonr.nnentsCorunissiont s proJeet in In vLes of the salutary effeet on the l-ocal prithe Phillpplnes. and on ihe econoqy, i-n genere"l, vate rnarble industr:r, in particular, should. a local cornparqrbe ar+arded tlle above{entioned bid, the CEPOC,has ertended assistance to the ilornblon Marbl-e Corporation. By purchasing machinery ard equipnent needed in the rnnufacture of rnarble closses and assuring to said.lomblon Harble Corporation the under a contract that wiI1 prouide CEPOC use of its facilities, CliPtJChas enabled the Ronrblonliarbl-e Corwith substantial profits, poration to qualify ard subni"t its bid. Likewioe, the CEPCI wiLL not go through with its proiected establishnent of another caneni plant in view of the representati-ons of Sen. Vicente lhdrigal that he will expa.ndhis pJ-anfl s capacity aJXl operati ons to neet public derard.
ry. Significant accomplishrnents of goverrunent corpofations year are indicated in Appendix G, Prlor L95O-5! during fiscal thereto, I subrnitted to Your -Excellency, a sufirlary of influence of operations of goverr&ent corporations in the economyr (See Appendix
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, - ,'.o56T
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'suTETa fl,rado.rd c11qnd aog pa?€coT1e 1rmoi.'e 1eu181Jo aq? Jo l{aua1c1,ii3ns -uT eq? o? o11ppessoco,rdf1po1;rodar ?ou o.rat gf TT5t996 t6d 8uT?eB -ar33e (JoaJaqT slTun pue slce(o.rd SuTpnTcuT)suo11e,:od.locpaTTor? -uoc Jo pau$o luouruJaj"o8 ,:aqlo (6T) uaaqeuru Jo slIrT€TcaqJ, I " U ? O J
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'91' 965'868'19
.ro Joa:aq\
: sJytoTToJ pue %z!, |r\oqe ,;o luau'(ed
-ir-
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,*<
C,AELI ADDNESS: N.PECO, MANILI
-
coDEs:
t A. B. C. BENTI.T,S SECOIID WESTER!{ lNIOlf D
for I4EI4ORANDUI1 The HonorabLe The ,ldmlnlstrator M a n l l a
.
on the Natlonal
Summary Report
Sub.lect:
i; i: i.:.
of Econoalc Coordlnatlon
T\ar'6
I ^i\m6ht
n^hntrYrrt
In compllance wLth your request for a brief account on the subJect whlch ltls Sxcellency, the Fresldent of the Ph1l1pplnes, deslres to have with hlm on hLs forthcomlng trlp to the Unlted States, I have the honor to submlt the hereln report on and the results of operations of this Company the activltles for the flscal year ended June 30, 1951, prefaced wlth a brlef hlstorical background. ITS CHARTER Created on Plarch 10, 1919 as a seal -â&#x201A;ŹIovernment corporaL^ ir^+J ^6^1 ur.\Jrrr ruus ervrlq.r .(!@
i+
DevelOpment
Conpany
WaS converted
lnto
a
pubLlc corporation on November 2c., J-936by vlrtue of Commonwealth Act No. 1U2, which in turn was subsequently amended by ComroonwealthAct No. 311. These Acts constltuted the NDC Charter untll" the latter part of Last year wlren reorganlzatlon of government-owned and controlfed corporatl-ons was effected. Currently, lt 1s governed by Executive Order No. 399 known as the Unlform Charter for Governrnent Corporarlons, wlth purposes as foLLows: (a) to engage 1n commerclal, lndustrtal, minlng, agrlcultural and other enterprlses whlch rnay be neces^/rhl-?'ih,rt.\7.rr
v u 4 J v f v v . . v r l v 4 v v r J
-ha
aa.rntnrr
g.
- .d
r
u
l
tn
l |m |t rl ^ y- i v. nr f
w
iho r
l
v
6^/1h^hi PJ n u
v
l
# } l .vr a
^
.4arra1^nmohl-
arr?'1la
, . \f
lh{-6,56+.
(b) To hol-d publ-lc ac,rlcuLLural" Lands and mlneral lands in excess of the area permltted ro prlvaue corp orat lons;
a
t
(c) fo purehase or pledge or otherwlse dlspose of the shares of capital stock of, or any bond, securlty, or other evldence of lndebtedness crcated by any other eorporatlon or corporatlons, colrartnership,s of thls or any oiher countryj
a IIET"P IJ.I TTTE INDUSTR.6,I.:ZATION OF OI'R COI'}TTRY ?O jITTAIN ECONOMIC STASII"ITY
. , ' . ' -} -
z
//-^ t{u sA\ iF'l-{'
-
t ll
(A)- rc flnance i.ndustrial- pLants and factorl for tlie manufacture or processl"ng of PhlLlpplne p ducts gr for the operation ol publlc servlces nece sary or lncldental for the promotlon of the domestlc
I
^.^A
r^na.t."6
rF'.la
lhru a subsiciary :aras! ^L --/ {\
,r ,- ,r r- . uh-^r < q JoL
private
fuhr a ls
d i l'ec',1-./.
all tho-
or ln partnershlp vrith "r-vatc
u
{:lnAn,.la
h o l rnl r .ru hr.'\hdq 6 u Ji , v r- - h
.\f
f e :s rP rhrltl l rn .r ,, vi n
t"r ^n n s J v :: ^ r i . 'a
r -i l it n .hr vor ql 4 r r-
v â&#x201A;Źar rhud t r lr h L d
.1f
I
." rnte]?os;,
rn'n^l.l'
1nOf
bJ
t\'t r'h-a ;nteFosts honal s i sstrOd hV
fJ v. ] , ) r , i v a t e . - r . r | "urrnr i tvrLA -i nl rr r L
l-udr
partles.
( e ) f o o r f i a n i z e s u b s l d i a r y companies, provlded DeveLopment Corlany shaf,1 have control ihe National over thern i and
(f) To exerclse the power of emlnent domaln for or the constructlon or operation of public utillties services. Thi$ .rower 1s gi'anted to it6 subsidlarles.
*r
stoc j( remains at ffO, OO0,OOOj The autholized catltal h o r , J e v e r ,t h e p a i d u j ] s u b s c r l b e d c a p i t a l 1 s o n l y ? 2 b , 4 1 O , 3 O O . ACHIEVE],1E}ITS its
fiince ^^n.
-na-tr'\n<
esra-bl-1shment, the i'iDC has forneC ^s
'.1'l
subsidiary
IOVJS:
Cebu Port land Ccment ConrpanJ' Corporatlon Insular Sugar Refinlng rs l;oneslre Corpor3 Llon Peo-ul-e llational Rlcc and Corn Corloration I l a t l o n al . i c o L r v e a r C o : p o r a t 1 o n l,IaNional Warehou-s1ng Corporatlon Food Froducts Corporail-on l{ational nf
th-ose - on lv
\Ilr^.
rlrA
no rrdr]nl1-^
.16r
their lthlch war.
a
I
a
h6*+
the f lrst 1!^r^
h.ma.l
two remal-n as subsidiarles i qhad
a<lahl
,.,,11 a/ 7 ' r i r a A n I u a n 1 - l + i a < . ov v ur rnn-rr ts^d int'F6ht-^h I i ^,, t.l!
']nd g
1"\-U
r<
su
rl.\a !
)
u
Jllur
z.aql'
4
l
^l-
r
u
l-a
al
ihar.'
*hr'l
r '
r
:
of ah,.l
the
in.Ja-
F/1d,r..orl
h . \ rl . : U
l
n rv
<anrrcfl
v
IUI'i ose, oI b)' lack of funds to contLntle their operatLons were halted by the dlsastrous lmpac'b of the last world The l\DC has also conducted projecls, as follows:
T h e c o t r o n T e x t l l e 1 1i 1 1 s , n o w a p r o f l t - m a k l n g deparLment, year under report of F2,324,857.3O. had earnlngs for che fiscal Aa a coaplement to thls, work on the }larvacan Splnnlng Mllls was ordered and now is expected to Co into olJer3tlon by next nronlh. The Narvacan Projecr 1s aimed at revlvina and assj,stlng the Ilocos home weavlnC lndusLry.
\H
l#r
'i"/,
- 3 -
m
The ].trall Plant, a post-war venture, was purchaa lliarcelo Enterpri se s - -which have ma vate capltal--the providlng
enterprlse a profii-maklnS clent supply of nalls.
wlth
the country
The llatlonal Shlpyard and Heavy Industrles departnent, the constructlon of a shlp)rard and graving whlch lnltlated dock at l.larlvel-es, aside from operatlng the EnJineer Island Shops, is now a separate goverrunent corporalrlon lfiown as the $ationaf Shlpyards and Steel corporatlon (ulSSCo). The NDC toJeLher with the ComRlce ancl Corn ProJect Adninlstratlon, ^ .cn. -\! r, l <
!
e
a r : rr r' ri ' u' 'Lr' v' l F y r f c ^n r sr ' l gEv -q n
L T . . l . \ ' l n a r , rr r/
r'!uurrrrru-
whJ,'.1- fnSl-,-ared
n65aFJ-mAnt
eeYsL
fhe
an.l the settl"eBlent ancl cultlvaof agrlculture nechantzatlon tlon of undevelolred areas l-n l.llndanao, Palawan and l'lindoro, LanC Settlement Acimini-s ira tion to icrm f].rsed wlth the jiational a separa,te government onter,,ri-se now ]fnown as the Land SettlemenL ..nd. )evelopnenr- corpora1"-ion (LAsEDEco).
+t
a.nd the NDC Malangas Coal l,lines, The Pulpr anC Paper Mills the Cebu. Portland to 1ts Fubsidlary, hav.r rreen transferred Cement Company, vrhlch has use of the formel: ln the manufacture for fuel. of contelners for its lrodr-lcts and Nhe latier, The lrast jrear was a-1so eharacierized . a c . pa . , . h p s h A l n ' ,rnrl n/an'F^l r.2h^r.,-tn-1r
facbure .nnr.1
r i ' l hJ s
of rrrallboard hrrelr
and
and varlous
qrrca nr.ano
j .h ^ t
nAn-T.1a.lh^
bf . f nnm
^^mh6r^In
l
crnnln j factor.y .rrrrra r,artr.\a
'.\n
rrJ-l l'-r'
rho
ln
hr,.aqqa
llarr
n f v r
t t L e J
r , t if h
:ha
r a h = h i 1 - i t c l - ui r( !-
petphl
a:r thar"lrr-rr
r.d
f r'nrn
oJ' nanU-
from co-
-. \- F
.. /-11 ,, e
^- -l /. *i
base and tlssue Lha w r - r r i J
i <hrnFnt
1"he -.rocesslnij .',oronadaL, 'l 'l nyral
the
neierial"s
lnsulatlon
herrqqa
aqclhl
'n-ofha1-'
pl2ht
r]1d f esSlbfe
the -Jroductlon of stencll
and abaca wastes tor : , . ) : . v !
'n
ddnan1-raht
by the fruition
of
r
lTno.
rreo'atn-
of rayon na J-har.'
<.l.r]t
ful.p 1q
anc nraste . In line frrar6<
tha
wtth tlle !o11c1' to asslst
llnra
ha<
1. Phlllpplne
mada
Air
i-ha
F^'l
Llnes,
i ^n'1
h..
worthwhile prlva.te ven-. rvâ&#x201A;Ź s tfie flts :
Jh
Inc.
With an addi'r1ona1 J.nvestnent of P1,030,O00 i.n the phlll-ppinc Air Llnes, Inc., durlng the cLrrrent yearr IDC h..s now a total lnvestment of ft,93L,834.12. Thls constltutes a conof 53,6,4 of the outstancilni caj'\ltal stocl,-. trolltnf lnterest t\o dlvidends thus far Lrave been recelved by IDC from pAL. 2, I{anl1a Gas Corporation The Company a.cqrrlred a 6o.;j lnterest ln the l.:ani1a Ges corp o r a t i o n b y s u . b s c r l b l n E t o ? 1 J 5 O O , O O Ow o r t h o f i t s s h a r e s a t Ir Aq 7r '
I
I
rv'*6r L 1 rr sr a
nh1<
the sald flrmrs
--cnte.l (,- d,r.vru
tLhr e ru
l- l! n t r c9
q .z
Board of Dlrectors.
mt ^o , J. \l J^ rn 1 i \ r
F6nl.ac6hf
a r _- *i _^. ,h
_i n
- 4 3. De Ia Rama Stearnshlp Co., Inc.
a
ffi
891 .7A ln the form of 6$ preferred non-votlng cumulatlve shares. Durlng the current year, shares wlth a par vaLue of ?217,390.38 were retlred by the De La Rana Steamshlp Co., fnc. ln llne wlth the government rs program to. develop the lurther, Phlllpplne overseas merchant marlne, the l{DC advanced a totaL of "1-5,652,697.88 for the constructlon of three nodern oceangolng vessels, the "DofrA AtrcrAtt, the nDofrA AURonAn, and the ItDofrA NATItt, ov{'red by thls Company but operated by the De Iâ&#x201A;Ź Rama, operatlng results on the malden trlps of these vessels are not yet avallable due to the length of tlne wlthln whlch the voyage accounts of these vessels are sublnltted by forelgn porc agenrs. 4. Compaflla de Celulosa de F111plnas, fnc.
NDC bondhoLding ln that entlty as of June 3O, 1951 1s "9BO,OOO. Durina Lhe flscal year under report, the NDC reeelved ?215rOOOon accrued interest on these bonds and ?60,OOO on retlrenent of bond princlpal. A proposal by the Cia, de bondsto convert these lnto 'rilref erred shares has been Cel"ulosa accepted 1n prlnclp]e by the NDCBoard of Dlrectors. 5. Plnes Hote1, Bagulo
it
The NDC advanced f6OO,OOOfor the completion of thls sumffier resort but only ?579,OOOwas spent, thereby leavlng an unexpendedbalance of ?21,OO0. Estlmates show thal hal-f a m11Llon j,esos nore w111 be needed to complete the hoteL, lncludlng its furnlshlngs. In accordance wlth latest arrangenents, the Bureau of Pub1lc Works will relnburse the NDC for the total expendltures to be lncuffed ln thls proJect. Other lnvestments st11f unsettled are advances to the LASEDSCOand the ItrASSCO,which as prevlously stated were formed o u t o f f o r n e r N D Cu n l t s a n d p r o J e c t E . A l f 1 n a l l , n e b l n v e s t ments ln these newl,y-created governr0ent corporatlons add up to w.,'(I3,924.A4. FTNANCIAL CONDITTOI{" For the f1sca1 )rear reported on, the NDC and its afil1j-ated unlts earned a net lnconre of ?2,122,655.OO. The NDC prope!r_ as _a holding corporatlon, however lncurred a net loss of ?)66,97b.O5. This may be attributed to the following:
a
a
t
a
l-. No dlvldends have been recel,ved from investments except from its subsidlaries, the CEPOCand the INSUREFCO. Ivlost of the NDC's i-ncome 1s only lncidenbal 1n nature and may not be earned regularly ln substantlal amounts
f2-offi
- 5 Ho 2, The hlgh cost of labor has nade 1tse1f fe1t. personnel th from of a reductlon effected there has been dal]y payroll and monthly 1n the 7,OO4 iielrres of 1,568 to-534 and 2,224' respectlvely, for 1951' 3. tfre NDCrs annual contrlbutlon
to the backpay fund'
4. Tne heavy burden of lnterest which bhe been shouldering on lts overdraft account vllth Natlonal Bank, and on several loans contraeted Bank of the Phlllpplnes and the Rehabllltatlon tlon .
a.r
conditlon of the Companyas of June 30, The flnancial 1951 is condensedr as follows: PSRCENTOF T O T A L AMOUNT A S S g T S
" 1,695,813.08 5 9 , o g t , 7 o 7. 5 8 2,2c.5,549.82
Current Asse ts Investnents Flxed Assets (net )
naf
oPY'alt
D1.ah.
nh a ?.cro s
{ d
llvnan
DEDUCT: L i a b l l l t l e s
ftt
" Lr" .11
76,506.63
rrc)t,5>(,t+
fi4,32r,974.25
100.oo
"14,316,81O.80 20,604,938.93
22,26 3 2 .0 3
and
Current tLabilltles tong Term Ioans Other L1abl11ties and Credlts
'' resuLtlng
^
^r Or > L . Q t
^nd
<a c
Other Assets
$
Conpany has Lhe Phll-1pp1ne from the Central Flnance Corpora-
1,037,314.31
3r,g5g,o64'a4 l"n a net worth of - 1v28,362,97O.2!
represented by lts capltal stock pald up by the l{atlonal Governnent of - and its aecumul"ated earnlngs plowed back lnto operatlons amountlng to
I. O.L 6q
2.,r.
0.\ -/v
44..10
?26,410,300.00 I,952,6]-0.2!
"g.Srrr**
a I
O
.-a
Due to the dlsastrous lnpact of the last world war and the resultant dlslocatlon of phlllpplne economy, lncludlng postwar dlfflcultles 1n rehabilltatlon, the worklng capltal structure of the $DC has deterlorated conslderablyi As of
/"v /'. ,
*':'
e!ft
- t ' -
June 30, 1951, the worklng ca;-ri"tal rate ls O.11 t o 1 . O s1mp1y means that thls Companyhas only ?O.11 of
t
f ^'" alrtrr.\r neso
of
nrrrrent
1lab111t1es,
T h e C o r n p a n ys t a r t e d w i b h a c l e a n s l a t e l n f 9 t 1 5 , b u t a s a result of several proJects entrusted to the NDC by the Natlonal development and operatton, its Government for exploltatlon, Coupled wlth meager worklng funds were depleted in no tlme. t o n o t e t h a t t h e N D Ci s a p l o n e e r l n g thls, lt ls lnterestln[ proJects once proven and flnancing enterprlse whose inltlal promlsing ls elther soLd to prlvate enterprlse or made bo functlon as an lndependent entlty. H e n c e , t h e C o m p a n yl s p u t posltlon rvhereln 1t could not expect to reap proflts 1n such a fronr lts proJects over a speclflc perlod of t1me. The exceptlon tw. vi
fvhr rJl uc,
f.hp
rtayj. .i la
and proper asslstance, 1ts ventures.
.r-
MJ I ls.
r'tt+re,
nFovFs
Prvvup
ivhr rzs te., . t r r v e- aJ r. , 6 -
F,!f eJ^.i66+
the government can expect proflts
+{-me
from
The NDC, therefore, may be looked upon as a government are earned more by way of servlce to the agency whose proflts narr, lc
fhan
In
j-ha
.r.flrrisl'J.rlr
nf
fJnnnrrJ>l
to say thai the sp1rlt and purpose for beln5 executed and accompllshed.
r"aJns,
whlch it
Tt
Js
safe
was created ls
TUTURE PLANS
a
i
Dependent on ECA, the Sxport-Import Bank, the liational Government and other sources of fundsr the NDC has drawn up a five-year plan for expl.oratlon and operatlon of several proJects. These are the cannlng factory 1n Koronadal and the can-maklng plant 1n Man11a; a textlle m111 and rayon plant ln the Vlsayas; ramle degummlngand splnnlng proJect; solar sdlt and reflned salt projeet; coco-huslt wallboard plantj water-whlte coconut o11 plants; power alcohol plants; butanol and acetone plants; , a n d a p e n i c 1 1 1 l n - s t r e p t o m y c1 n p 1 a n t . F o r t h e s e v e n t u r e s , i t 1 s estimated that a total of Y(\ ,237,OOO wl1l be needed. In vlew of the foregolng sumnary of conditlons, lt 1s belleved that the recastlng of the flnanclal structure of the Company needs the lnr0edlate attentlon of the Govennment. AlthouEh the Cornpany, 1ts subsldlarles and unl-ts have earned a proflt of o v e r ? 2 , O O O , O O Os, t 1 1 1 1 t s w o r k l n g c a p l t a 1 , a s p r e v l o u l l y m e n tloned, ls too meager thab lts operatlons are ad.versely affected. R e s p e cL f u L l y . s u b m l t r e d ,
I!
t
_ a I
f /.t,
Vtat .:4{/ FELIPE ESTELI.A Actlng
General
Iqanager
'89'699'612'2,&- tcagord 6Tq?rr! pe16'aAuT ' .f,1sno1aerds"q OCN 'YS1CTIHdlq
papuamloc€r,f1qe.roleg'gT"cTEaqA 3:o eseqc.rnd 3u1pn1au1 eesuedre 8utr -qe.rado roJ ol SuTlunoue OO'OOO'TZfE pue O0'OOO.Z66'Td 6punJ TEUoT?Tpp€ sT ?ueuoJTnbQJqJedJeltmo. osod 'lcagord 6Tql acueuTJ o? pTe roJ pelldde p643t3 Vig OO.0OOTOO6tTS .T961 ounf 6cuTs uoT?erado uT poceTd '?ueTd rtq pacnpord sBeq .raded 3o .rasn 1ed1cu1:d SuTaq C6dgCJo rvler^ uT do96t raqolcO uT CoNulorJ JoAo ue{€J - ?cegord sTTTl.lr€dEd pu€ dTnd .T
{6'889' 821'1. e
6Timz€-
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A 16r0oo-barrel oil refinery ls estimated. to use ?9 r040r0OO.OOuorth of cnrde petroleum per nonth. Exchange tax on Fl ro{0r000.00 FJTOdOTOOO x 171 P516r800.00 monthly or : L2 x F51616OO.00
B.
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A 16r&O-bamel o11 refinery is esti:rrated to produce 3l+12l+0,60 llters per month. Specific tax = .O7 per Ljtter of gasoline 3b rZl+O t(no x .O7 cts. ; P2,296,8O0.00 month1y or = L2 x F2r296r800.00
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MAi{-rtuilrAll,lt0AD c0}"itraNy l4anila
ouTT.rm0I' g5o-51_ ogi:RATloNs General Benrarks - luring
the 1950-51 fiscal- period railway
oper-
atj-ons made an i.nproved showi_rigas cor,rrparedw-ith the procedi-ng fiscal year.
passenger end e:(press traffic
Freight,
resulting
in increasel- leve
ward reducjilg rail$ay considerabla portation
tes, and substantial
operating
operations
also affected
the operatims
In contrast,
and repair
of pr.ivately
raterj.als,
there r,ras a
of bus ru-ns
thls
situati-on
or4nedhighway trans.iEr.tiif,ion
decrease in coltpetition
plobably contri*
j.:a par-L, to. the i'nprovement in railuay
buted., at least
busi.ness, par-
pa,ssenger traf fic.
ticularly
hefererrce was made in the last for adcitional
This situation
annual report to the urgeni need
locomotivee and to the difficulties
keeping engines in seryice
resuli,ing
experienced in
because of lack of nraterial,s for repairs.
became parbicu]-arly
and June, ItJ1, trains
progress was nade to_
of the Conpany, eaused by reduetion
co npanies and the resultin6
'*
expenses.
volurne,
decreaoe in the revenues d.erived frcrn the highway trans_
on account of shortage of tires
o
was in larger
a,cute duri.ng the nonihs of l,Iay
in unprecedenterl delayo ln the u.ovement of
on schedul-e and accumul-ation of loaded freight
cars at distriet
stationo.
Tle outstanding a
vities
financial
remiits
of the operat,,.,onsand acti_
of the Conpany duri: g the fi-scal year L95O-5I nay be sr.nrunarized.
as fcllows:
, a
1. the total
irrco:le of the ldanila ]iailroad
sources ( railr,,'ay operating
Conpa.nyfrom al-L
revenues, revenues frorn r"riscellaneous oper-
ation$ and non-operatrng incone) aniountedto ?.I9r93? r95l.lp,
a cle*
crease of nâ&#x201A;Ź1r858.05, or O.dIi", under toi,al income from all
sources
during lpd!-10. 2. iiailmy
operating revenues ot ?L6r6l\rlJ7.?6
ot 77821265.58 ot L.92i,
over revenues for l-949-50.
were an increase
t. - 2 J. Total railway freight
revenuoe of F6rf!6r018.0t
inerease of P218rd12.15, or 3.3&. 4. Total railway
passenger revenues of P?r4O0r638.[O were an
i.ncrease of Pt+L|t615.58, ot 5,9Ai. 5. Total railway
operating
decrease of PJOfr861.([,
or L.75%.
6. The operating ratio expenses to railway
expenses of ir1Jr128r163.80 wele a
(percentage of total
rallway
operati_ng
operatiirg revenues ) was 1:O2.60$as @mpared ltith
LA9,56'i for the preceding period, a decreasâ&#x201A;Ź ot 6.96:fi due to the conbined effect
of an increase in revenues and a d.ecreasein expenses.
7. i'tevenues from n-iscellaneous operations decreased by telggr?t+L.73 fran ?J rBJl r29O.97 to ?3,037,51+6.2+. ilxpenses of rrriscellaneous operations also <i.ecreasedby the er::nof *58r51+L.32. nri-scellaneous operationo after "L7Or792.77 than the loss figure
a
taxes (?378,839,97) was lower by for Ig49-50 ot V5,Ug,632.7b.
8. the gross l-oss for L95A-5L ot :FA65 1356.85 conpares ?rith a
t
sinilar
?
Ttre net loss on
figure
for L9l+9-5Oof F2rol+6r860.88, or a reductj.on in the
gross loss of FL,3-81r5O4.03. !. leductic,ns
from gross lncome on account of funded and unfunded
debt and hire of&eight
cars araounted to the sum of it1rJ21, ?,rr+.!0,
an
increase of F2r82O.CiOover slJti-l-ar deductions foT the preced:rlg fiscal year. l-0. The net loss for 1950-51 of F2r5g5r601.?q wds louer by P1r17er683.83, ot 3L.AUito,than the net l_oss of y r?65,2g5.5g sustained
a a
t a
during 1949-50.
l,IA,i\iI],AitiltRoAD
COlitrANY
Increase or Dec:lease
JU],Y TO JUNE L9t+9-L954 r950-195r OPlliitriTli'l G Ii\CAiii: ttailway {Jperating ltevenues .ttai-l-uay OPerati-rlg
"+'tA Aot, nEn qA
17,128,163.80 LL43L.aU+.8o (305,891.0O)
f,rxpenses
Net lievenue from RailwaY Operations ttt
p(r.52t.552.62)trl.088.146.58 P (431.40b.c,4) 258,758.03 ?
a-
Railway Operating fncone
P
devenL,e$fro'f isc. DperaLions jlxpenses of ],lisc. Operat,ions
? 3 'O37,51+6.2+ " 31837r29O,97 Le (\ tr y/ a/ ta r y | , t . , 1 1 \ 1o(a (,.1 "") 3 ,370.823,,.42 4.329,364.3t+ ---L,U-Z2Z::.:,=;L
^., ^, (692,L6t+.Ln) *:J3-Lz4b:,9^)
(t+92,o73.37)â&#x201A;Ź ' l A a r'r'r 5?,559.,37 -\j=j-z-l:!=:/ L
1 " / 9 , |
"/oA (o / v . . ' '
ooA l4l
m-a^1
7LtZ+5,882.91+ F(r,071r004.04) 1}(2,316,886.98) P 2701026.r0 p (6t*,378.9L) 2O5,6t+7 ? .Ig
rOIaI
^*^-^+.:-uperaLang
r -LnCOme
Net Incoiae (or toss )
a
Fl.075.090.U
"
"
e?e,ec'9.9?)P $l+9'632,71t)
(865.356,e5) P 2.0/+6,850.s8) P.r.18r.504.03
To'r,al Ueductions fron Gross IrnconeP I ,7 2L .?\l+ .9O
o
!
l.tiscellaneous Operating Inc o'oe
GiTOSS ITICI]":E: DMUC'IIONSFIIO]VI P Cars-Debit BalarceV Hire of l'reiglt 42r7!2.9O L1634,L32.CA lnterest on ]i\rnded Debt fnterest on Unfunded lJebt 44.400.00
a
L3,O56,t+l
F
Il',lCO]E: , lioli-O?"!xi/\1]-tliG It Gross Inco'ne (or Loss )
a
245'7a1,62 p
rtailway Tax Accruals Unco]-lectiblo itailway ltevenues
llet ltevenue fron l{isc. Operations .:'} / """ )JA nA\ P t+5,563.r9 Taxes on l4isc. Operatirrg froperty o
9182,265.58
FLl '9l2tt+92.L8
39,892.70
rt634'v2.oo 44,400.00
v r,7L8,424.70 ts
2.820.20
P(2.586.60r.?5)FJL3!L?el:@PrJ?g'692'e2
tru SF;\
a
-'\-"4
:$i
'
IBO}'IT AND LOSS STATSME]'IT July to DeJanuary to ceober. 195O June. 195I
D e t a i l s
1N0oMg 0FEIiATI}IG: Rai]-way Operating lncone-**'-*--7l r78or309.y1 ? 9t9iJ+J+h7.79 8.|16,6gh,757'.76 Revenr:es fron }[isc. Oper.xticns-r.368.636.00 3.o37.5h6.2i+ p]:o,583,356.O3 Total Oporating Income -----W'W8'91+7.97 9,?32;A4.q l{ON-OPtt}Lq,TINGl Non-operating Inc cne lLI.L27.23 9U.2L9.96 TOTALINCOI'E $XPJII{SES OPilt*Tl.lG: ltai-lway operating Erpenses ----- P6,6d4rag?.91 P B,LBTrz75.gg p]2r128,r63.60 lxpenses of Misc. Operatirns --- L.'172.3O$.72 L.t98.522JA 3'J7A|823..A2
4'
Totat Operating Expenses--PlQr1!}?-.1SJ2 Tax Accrarals - Itaihray -----*---.F Tax Accruals - Misc. 0perations
rotal ------leductions
FtO.0St,?98.29 ?"O.4gS
L22r55h.73 3 2O.529,5e
--e__143-rgzr!A
"
fron Gross Income --*?
P
-------------gj!4ggg.a :wJrAr. uL'rlrr'islrs
a
3
of ttre operating
for 1950-51 i-nto two 6 nonths period.s, i.e., It witl
from J'ly
258,758.A3 b5,563.r9 3Ol+.32L.22
"JJ2r-,%*.29
WgrL,Z%
e--g]qgJ€)
The above statement shows the di\lision
and from Janrrary to June, Ipfj_,
AAr. A(o ("
prlrlgz@rz
---€ggAJgg)
r;urLoss a
L36,t93.3o 25,O33.6L
e&Jgfug*#) resulta
to Decenrber,l!!0,
be noted that. whereas the net
loss for the JuLy-Decesllber,lpJO perj-od was y2,L73,7CO.2g, the nei loss for the January-June, lpfl,
period was only fii2r901.46.
the Con;.'anyts cash position
by more than pZr000rOOO. This is consid.ered
to be a, notable achievement and was the result put into
effect
begjming
This Jmproved
of the econong,measures
Januarl' L, Lg5L, includirg:
lietirenent clf emplo)/ee6 due to old age or tho se afflicted with tubercuLosis, as rqel_l es enployees who offered to retire voluntari\y and r*hose services co."l1dbe si:ared. 2. iieducticn of per diears Ay fi_t/3fi. reduction ln salaries according to the follorui-ng J. General 'l l.
a a
a a
c ag
a.
Jfi from Ff21i00 to F160.OO -per month tt rl Lgfr 16l.00 to ioo.oo " l L5'i 60r,110 Lo e33.33 | zofi 833.31+and up; pro!:ided that ln no case the mininuq salary ln one grad.e shall not be less than the maxirnumin a 1o+er grade] j-n the budget alLotment s for nateriels Reduction 4. .r.d *i"_ cellaneous expenses.
t l
a
-
- 5 o ll
llaiir'ray Opâ&#x201A;Źrating Revenues - lhe fo]lowing railway
operating
as coinpareCwith
table
sh
revenue$ by sources for the fiscal figures
ffi,<g
tox l9l+9-5t.
a 'l o(n-c l =-!-z:---zz
? 61796\O7B.O9" 6,577,665.94 ?2L&,t+]"'2.L5 6,983,A22.82 t+L7,6]-5,58 7,4tvJr638.4il
Freight Passenger
L,76n,U39.4A 265,OgA,LO
r',131I
Other Operating Rel'enues
-1r v A<h . ' v t 1 r t1'2.o .t'
,11
1lor30L.?t
(L,1+5,38I
266,635.?8 t+35,O29.93
472,5ll.t+5
!'+
"L6, 69tr,ir? .? 6 ?L5r9L2,t+92.L8 ?l e2,265. 5B
T o t a l Sreight Hevenues -
the incre-ase in freight
fron an increase in the volume of traffic to a total
Increase or ])ecrease
L949-50
of 83911-82tons.
revenues resulted
of !Or!15 tons,
Sugar cane and centri.flrgal
or l..z.\rfi,
sugar hauled.
represenied a conbined ijr'crease of more than lLSrOOo tons over 1!{!1950 as a result
a r!
ir
of further
inproved crop cono.itions.
of the sugar industry
rehabil"itaticn
Copra tonnage nore than doubled.
and cenent shipm.ents were in considerably a reflection
of }ess constmction
and
Lunber
lower vol-ume probably as
underLaken duning the last fiscal
year. ?{sgenlier i'levenues sf W ,l+00,638.40 lrere obtained frorc the carryi.rg at 6,74217?0 passen6ers, an jncrease ot fl+I J+53t or 8.gf , over 1949-50. way conpetition,
This improvansrt nay be asclibed
to decreaserl high-
the fact that the new passenger coaches from the
United States and Jap.n were i"n use Curing the full
and a c onsiderable improvement in conditions
of lpl{F5l,
a
12 nonths period
and order i-n raiiroad
of peace
territory.
a
Hailway OperatinA Expenses - ltre follov-ing statenent the fiscal
of the specific
iterns of reilway
ls a cornparativâ&#x201A;Ź
operating
expenses for
years I?5O-5I and L949-rO. I q5.)-qt =az=.J= 5+.rr.rctures-.Fr?t t t e(t( a o/ va, to. t ' ? 1
Increase of Decrease'
t*1. At (o.r 1 a ? h'O2L'536.1+9 2,ILB,73g.L2 2rO87 3I'613.5t+ ,L25,58 ?01"r161.31 576,s89.26 L2+rn2.o5 89,630.t9 /\ Ja- Lr t ).r-.a, ... V M \I J 78,349.L2 9,O3L1582.25 9 tl+80rl+zL'.95 (4&6,839,.? L,630,65O.O5 LrL87,725.22 142,92J..83
I'faltrtenance of iiay and l4aint enance of triquiprnent Depreciation of liqu-ipment Traffic Transporlation-itai1 Line Generallbansportation for lnvestnent-Credit
T o tal
1 0/,a-<n =.crJ---.27
8,733,64 - -
\1+!
*
t
/
/
|
.'v
e 336..s9) l_8. o?0.53
p(3O5,981.0O ?17,128,163.e0 pl7r43t+rO4/,.80
F_ 6 nailway operatixg lljlpenses lt€re favorably affected by measures of ec onomyadopted the last ticularly
in salaries
a reduction
fron 5 to 2t)1, and the granting
pa.T-
hal-f of the fisca.l year,
and \4ages on a graduated scale of retirenent
to eroFloil.ees$ith
long service, i,iiscellaneous
Operations - These conprise the high$ay txans-
Line and Hindanao l'{otor Ljne. dation.
Luzon j.'us
l-ines of the Uorirpany,tlie Benguet Auio Line,
portation
is in process of liqui-
The latter
Both revenues and errpenses were ccnsiderebly
durj-ng 1949-50 becer.useof the difflculty due to shortage of tires
transportation
serluent curtail$ent
of bus and tmck
of carrying
lclt€r than on hlg-tlway
and spar€ parts and con-
runs.
Deductj-ons from Gro6s Income comprise principal-Iy
GovLInaent.
teres+- and i-rrterest on obligat:r-ocs to the ihilippine t
bond in-
Irret toss of Y2rJ86r6AL.75 was a decrease of ?LrL7g168).93 fron the net loss for L949-5O.
This nas not a cash 1oss, as it
was arri"ved
I
r3
at after
charges for depreclatiou
and retirqrents
cellaneous property and def€rred interest held ln ringland pending further
on railway
and nis-
payments on the !$ bonds
negotlations
for a settlanent
u:ith
the Jlnglish Corlpany. Financi-ng - iJue to lack of l'unds of the I'lat 1ona1 Governmont no fomral financir'r.g was urderta"iten by the Conparq' during the past year. Previously, overdraft
O a
so-cal-led deficit
filancilg
li-ne extended by the ;-hllippine
i:ng which the cash deficit Y2r374,L3L.b2.
had been resorted. to and an tlational
as of ljecenber 3I, L950, amounted to
However, with the implernentation effective
L, L)JL, of the econorqymeasures as previously po6ition
Bank, notwithstand-
referred
to,
January lhe cash
was iuproved to the e:<tent of P:2|Q6O r55L.01 as of June JO,
L951,, which is a very narked lmprovenent to be acconplished in so short a time. Est jretes financial
have been prepa.red i.l-ith the obJective of obtaining
aid fron the i:]CAl-n the araount of i2roo0r000
for the firs!
ls understood that final
year, but lt
to the ib.nlla ilailroad
the alLotnent
Ccnparqyis being postponed pend-
lng a survey of the property by representatlves
of the ECA and a
fjrdings,
of thel"
repori
of the
deteltlnation
llecoroi:endations : l-. Referonce ls nade to the recoumendation in
workilg
ment projects
curtent
is essentiaL in order that
lhis
capital.
nay be rnet pronptly
funds.
steps be teken to provide e flrnd for
annusl reporb that
the last
and to carry
ion and improve-
rehabill-tat
on nlnor
which have been helo ln abeyance because of lack of of the Cor0panyhas been Sravoly lmpaired because
the credit
of delays in naking pa,yrnentsfor operating naterjalE t'.ration
can only be net by proqiding
of at least
cototr*try oan on\y be alleviated
CompargrriLL physical
requires
the investnent
such capital
Tbe financial
Goverrunent and thnr
of new cepilral in consider-
is provlded the opelations
prblic.
and
of claj-ns by the Philippine
settloment
ltre autlrority
of the
given by the
agslstance heretofore
the property
to restore
pre-war basLs, aJtd rleet the lncreasi-ng xequireaents
and the traveling
the
by a broad sca'le progra,'J of, nodern-
lr{ar DamageConmission has prove.L insufficient to its
confrontjng
continue to be conducted under serious finencial
handiceps.
Philippine
to the exbent
of new roJ.llng stock and other facilities.
and q€quisition
able rnounts and untll
3i-
peeos.
5 nlllion
This necessaril;r
and this
ldorklng capital
2. Srr:n a long range standpoi.nt the situation
ization
obligatione
of ehippers
for such new finencing
already provided by Act No. 4?0, authorlzing
ie
the l4anila liailroad
Conpaqr to incur an indebtedness up to the anount of g[lroOOrffi Line extension and othef capital anticipa.ted loccnotives,
that the ecquisj.tion
improveurents, and it of new rolhng
and other improved facllities
to show EubstantiaL net eafiljxgs
Ln future
stock,
for
j-s confidentJlr particirlarly
wi.lL enable the Company years.
'€J"T?g u1 se3el1oc rsJa;oqe1 3u11s'ixa 3r;+ oX s oi 1TTTcirJ 13TTc+ qsnTJ pu3 L|,+eq/JauoTqlrirlsucc (T I T enPTAi fiul r 3AT"{ (p) 30.1i11 s-t-T sJ3;oqe1 c soiello I 6e J?T??, ' cTuTTO
betzlei:
-i {c) e s n c l ; 3 r r T l o T q t 3 - 'E I-e r { p 3 } l e c l u T z ' o l : c tiaeleT ps3E aq'T, (ci) cTuaqs3l.I s,rsq,renb s r . e J€ te !. u! 1ue1s-5ssy eq; {e)
(0T-g)
3sncq s r lu 3pu3?uTJsing
:Jo SuTTTaponeli (CT 'Tlr ia 1e eFpltil
dalreg
3q^+ So JT€r3ir: (4)
" asnol:i .r31 -T]{i 31i+ O1 f;cte,roqeT 3q? Jc JsJSr-1"e;l pl-ry {i) ,era1e;,psoJ A3l1 (q) A a u 3 u + 0 1 e 1 ? 3 + e ( "rlol.ross:'-'. srqcTE oN +e J3.'+cI gr:ie:Iul 3il:I Jo s';;op eq; (e) !J.
t I
Ucr-! + t n ,ii1s r,1c3 {u
. puncC;rrc Sril +€ 3 so .i3to JJt ( CJpunc,rI pue [iuTFTi:r:. uia.l dBu'fpT-!,ri: d]J3t.c, Jd 3:il:pTT-.1: si.crlg 3q+ uo3AXsq ,(?Apeo; ir-i1 Jc ?u111eqdsq (1, .3CIA
-;39
al+ r:;t f orls ;oTJJ3 p3s?.1;f,ur lnt:qe 1ri8nc;q
'3J-re!
-ai
ser-l sTqIr
I l - 3 5 a . CI J 3 l 4 CL r e D ; ' ] D : ; 1 S : - ' 1 ' 1 3 a - 1 : . '3 ' : . ( 7
L i c i -i . # { f + ' r C
p3TT?j'': olil
Jc
'p31T qeLlLIli"jn sr-l]:?i:' ' ( e-i-i,,-' ' 3ti} q}II'i uollliec:.:l
;o {151 3Li+ ui s3u!T ien3s TTe Jc 3u-ri;eo1l eI.+ u(T}eJ -eqTT scllrs al'r'i:| XsJrt 31i1 J.J p3+31dtr.c a^e'q ai{ (5 ' c + e ' s a A T ; n ' s 1 u e . . n , . r ,e , r ; g : ( s : C . r ' : a r i l u T s l i B 3 l J c t ^ G - '( tq r- ,d t . l l - sr L - r J j + ? I \ p - ' 1 U a C C C 3 Ui::. J T ? \ - . 3 ; S l " ! p 3 r t , T : j- . { } A oliinTca a'i1] gc Lic;1enij3i- ol;1 por.tsT-idriicccE3n€i-r,3t. ft
Jk.
I
'e3ie \JL s i s o : ! J 3 . \ c .; Jc 3s:1 3:1 Ui u ! a J l 3 r l . . i . + : i l q ? J ; T r{3t1 aq1 o1 a[:iTi A:io$oca a'.1,+,; p3fTrr.snJ uclry'r (ui:lr rr.{rZ r r + 1 T3 " 1 ' tt i o J J 3 J . . s a - r . r l q 3 1 L , ( 3 i l . ' 3 t r 2 s + T n ; ' . . ' . ' _ r ? r 3Vtr 3 r o u c l l . c r u u c c p u 3 e 3 J 3 ' 1 c s T p = L ' ' 1p. : ? r t e - u . oe n e q e . ' ( f . Je llr alll. q ? a J u r s p 3 u o l ,j ? q e p u ? 0 t 6 T u - ! p 3 + c r " J 1 s u c . J o l i € 3 , r q ? n c o -ur31sf.c AJtA.iss Jsi.\3il {;elTu?E: eul.f '€+! 31.1:1" ser4 r{c;rir{ J c J F a u o c . 3 . ^ ? q c r { t ? T ; l n c 8 u i : ; . , n , -a l l } J o u c T ? ? T T e l s r : r 9r1X.pue T13Jlf.a n6u ALif JC uoT?elor',cc 3i.lt J-"+"rY (e 'uOI o1 rr! uc.r3 3u1i.ta.i s::tt1 J3i435 l{ru Jc SJ3leU TesLL.T f?itrr pSpuS+)r3 3A?-',iol'1 'suTeir- ac,t.' 1.1o',1sI'e Jc sr-jtrl3,n Ie sv,'t:LtSStrl oq ucTxrpp? ug '1,rc;-er Tenuus Jno Jo :lxl') 3ti1 r.l! pr+?T
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f : r 1 6 ; L i . s u - f4 i r
sAeLl 3lr. (t
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*iMr r - f 3 r r ru€Tss?"rg nTnaT.lrl$| -dir.md TTaji 1 o - ! - < : : 1 , r oTciiI+ut
ell? Jo. a;Eoirin
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Corporaj,ion }las ereated on octobe!'
The I'iationa'l S}r:ipyards arrd.steel 23' Igr}t
of the H'epubiic of the !hi-L'
by llis Excell-ency, the Fresident
ippi:res, under .i(ecubive Lrrder ;1a. 356.
1. rtTo engego in the buildi:rg
iJrclude:
tant functions
o" marine cl'eft
tnrct dries,
frrnaces,
scows, lighters
2' nTo scqu' et cons-
and equipnentn.
and operate jron and gteel rliLls,
fevrous end non-ferroua
{oun-
and other niJ-ls and p1â&#x201A;Źnts for light
snelters
of
and/or repair
ships, vessels, launches, iugo, barges, dredgee, ferrl"es, anC other floating
illpor-
its
of the Colporation,
of the charter
Under the prowisions
and heavy
i-r:dustriesrr. To acconplish
ilis Ekcellency,
der Section l3? of llepubl-ic Act No. 265 arrd jl
I
t =
these cbjectives"
the l'resident,
eonnection with Iiepublic
Aet irlo. 2660 atthori'aed the release fron the Central Bank of the amor:nt oJ I'I3 r OOO,0O0.0Ofor the construction
of the Bataan iJational $Lripyarci
at l,ia.rive1es, l3ataarr, and *4r5SrCOO.00 for the construction eleciric
steel p)-ant and one mercirant bar a,nd rod nj-LL il
in conjunctl"on uith
the developenent of the l'!a.ria Cristina
BATAANIiATIOliAl"- sll$YlJtlr:-i"ini'iMl$s. The Baiaan National Shipyard Project
t tl)
construetion
of one
fligan,
liydroelectric
tsA'l'&AlI
as p)"anned consists
ot the
of the foAlovcing I
a. Gra,vilg Dock and Services: The gravirg
dock is desigrred to accornnLodatetbe lar-
gest ships of Phil-ippine registr";r. Iatest
sh:ips built
These are the three
jn Japan for the De La iierda Steamship
Company. fhere are presently
a to+"al o{ lp8 vessels of
PhiJ-ippine regi-stf,y which ce,nnot be repaired i-rlg shipyerds,
Ianao,
}ower Corporation.
l?roject of the l{ational
a
r:n-
but whi-ch are repaired
in the exi-st-
on dock either
ln
Jap:rn, llongkon$ 6.nd the l'lavy Yard i:r Subic. The drydock is of ccncreie construction
and r^Iil-L be
'
e*'
a
- 2 equilpd
steel elnd ilay be ordered
caisson ga-te x'iJ-J.be of structural
ej.ther j-n the United $tates or Japan' eJJ;'ptanned
Th-io gate Llas origjx-
jn the l.lariveles project
to be built
vas decided to har,'e the 5ate prefabri-cated
United States or Japan. reparations
but due to
of obtai-ni:rg stee)- frorn Japan or Unj.ted Siar.esr
the difficulty it
j'tstts.
'rdth punrpj::g r:Lachi-neryfrom reparations
.,{"eetrical
facilities
either
ir
the
consistin8
ita,':ls l,.i11 be uged but other electrical
of
supplies
r'rijll be purchased in the United litates. Excavation of the site
is 957i conpleie r,;ith a total
of
LL2r@O cu. E. of materiaL renoved, over 40.6 of uhich is rock.
The overal]
percente"go corLpJ-etedis 2Qd.
The estimated cost of this 94r50OrO00, this
a
o
project
is approx!:;iate1-y
being the nost i:rrportant foature
of the
-':taan .liational Ship7ard.
a
Oomp)-dtion date is appro:cirnately Dececrber 31, 1952.
-
b. I"iargjnaL 't\tharf . I'he mFTsi nrl
tiljrrty
rvhar.f i s riasi rn eri inr
a
about
feet to accorsncdate ocean going vessels ',+aiti:rg for
drydocking or shipside repajrs.
The totaJ- frontage
r"rharf is aplroxi.retelJr
in l-ength.
1r20O ft.
fhe r\ihzrrf congists
o a
n hr:r.tfu of
piling
properly
oi +.he
of a bul,khead wa11 of steel- sheet
anchored in tho reclaimed ).and behind the
waL]., The proJect is 8O;,Jcompleted.
Ths estlrated
cost is
appro;:i-irratel;r i{,0COr0O0 and completion Cate is iiepternber 30' L95L. c. Dredging ald iieclaraation: Tn order to utilj-ze
the harbo:' to best advantage, deep-
eni.t:g of *he harbor is necessary. by dredgin5 Elnd the dreclge sroils l-or'r areas to ihe required
elevation
This is bei:rg acconpli-shed are utilrzed
to fill
up
of roughl_y tan feet at
ffi
' 3 J-ow i*ater,
around
of the shipyard
r.*rich is the elevation
the shops. The uLtjnate apnrodraately
developrent
for the dredging of
calls
cu. m. of matâ&#x201A;Źrial, 1rOOC)rOOO
but the i'nme-
cliate requi.rements $:iLL be for about one-half
of thig vo-
1une. At the present tlne, oigried to this project of the work.
B.F.trd. Dredge Sacramento ls aE-
and has corrpletâ&#x201A;Źd approx nately JCfl
The project
camot be prosecuted contjJluously
because of the other deanandsfor the use of the nredge by . other govertment entLties, to ccunpJ,etethis
but efforts
phase of the project
The estfuuted
are bei:ng exerted by the end of 1!J2o
cost j.s F90O'0OO.
<i, Shop BriJ-diags:
o t --
Three huge bujJ.di:rgs to house the nach-ine shop, the plate pair
shop, the foundry and related
actiui"ties
of shlps are nearing cqnpletj-on.
be constructed in the near future the elestrical-
for the re-
Other buildi::gs
n:iLl be the central
to storage,
shop, the polrer pJ.ant buiJ-dfug and the sub-
station. ?he overall
percentage of conrpletion of thls
is 5C# althougi-r ttre r+ork on the three buildings I
ta a
project
is roughLy
JOfr cornpl-ete, I.iachinery is bei-ng recond_itioned arid assembled i.r: these three buiJ"*ings, The estjsated
cost of this
proJect is FJ.,J0)r0O0 e:rd
ccn'apJ-etiondate is schedul ed for Deca::rber3L, Lg5Z. 6. Fower Plant end ll"eetrlcal A diesel
generating
trrstallatlon: plant
!o eupp]_y the power requjJer
nonts whj.ch rsjLl- anowrt to about 2500 krr. has tr,ro rmits ready eonpleted.
Five nore unlts 1.rILLbe constntcted. to
cor.rplete the project.
a1-
ffi
- 4lilectrical trical-
wlJ.l proceed whsn the elec-
installatl-on
supplies rdl1 be received frcl"i the United States. This _oroject is 20ff completed and the target
tion
QrG-r',9
conrpJ-e-
date is before the end ot 1952. The estimated cost ls 1}6001000.
f. Yard Cranes! The crenes, wtrich sere purchased i-n the U.S. fron the lrJar Aesets Art:r-inistration,
ale xea y for reass erob\r.
?he
crane welra, however, v.iIL have to be constnrcteci along the recLained area wh-ieh u-ilL be started mation rcentioned eLsewhere in thls is expected that this on tjne
a
as soon as the recla-
report
is conpleted.
phase of the project
for the operation
It
rrj.J-l be conpl_eted
of the graving dock.
The estimaied cost is F11@O1O0Or
o a
g. Shipbutldirg
Idays.
-
Thio project construction
wjl"l consist
of Lncl-j-ned ways for the
of shlps up to J000 tons and of barges for
l-oca1 stevedori:ng and lighterage
fin:rs as weLL as for so_
verrm.ent entities. Since elmost a]-l of the constr.uction
equiplent
has been
concentrated on the excavation r.rork of the graving clock site,
it
llas not possible
to sjmul"taneous\r starb on this
O
a t
work.
Part of the heavy equignent nray be released fron the
e[most courpleted excavation started
on the project.
rtrork, and work wj-]J- aoon be
Coapletj-on date is estimatecl on
Decanber 3L, L95Z. The estlxmted cost of the proJect is 1l}r000r000. h. OLher proJects r Other proJect$ to cotrrplâ&#x201A;Źte the shipyard ui-LL consLst of various indispensable
facj-Lities
such es an ad:ajllgtra_
tion bui1d5_ng, ra,raten,'orks, selrerage, etreets, quarters.
hospital- and
These wILl be starLed in the very near future
to
ffi
- 5 -
Qd-r*.9
be ccxnpleted at the seme t5:ne a.s the najor features. of funds hfere &s foLlows !
The :'eleases
a.
b.
r
Au5ust 15e 1949 iiarch 23, L950 Ap:'iJ- 10, 1950 April 26, 1950 l"iay 6, l.95O June 2J., I95O February , ltJJApril 11, 1951 Jnire 12, 1-951
5L5,234.@ 7rr00o.0o 10or000.00 1, ?0or 000.c0 t,535,t78.62
lmrocc,0o 9OOrCoO.@ 600r0o0,c0 g5oro0o.0o
.{nount snent
P 5r7h41653.92
....
Amount rmex-oended
7;255Jt+6.A8
Present ste.tu.s of projectl vr
201 Coupl-ete rr W tl 3Ul
J uveA
f iargi.rtaJ"illmrf .. , . . .. Dredging and }leclanat ioll rrr.rr..rr vrrvlJ
t
F'] rn+
Yard Cranes $hipbuiLding ilays .,...... Others......
a
The overall
lrr
36 gi 5%
sisted of topographical
started
d.n rtrpril,
Later.
a I
reasols hereiofcre on the drydock.
gpg5lg -rrork 5n the pro-
over a year ago.
featrrre of the project,
together with
Jjnce both cannot be si.rnrltaneouely stgrted
6tat,ed, the greatest -[ts construction
lram an engineerS-zrgstendpoi.nt, project.
far the tirydock site,
Ti:e actual
1950, or just barely
The drydock is the nost jnportsrt the slr-ipbuilding ua;'s.
Sept er:rber, 1949, which con-
surveys end boring tests
Ol-eari-ng of the area lras started
ject
tt tl rr
percentage of compfetion is roughLy 30S.
?rel-5ni-ne-ry lvork on the projeci, started
I
5ufi n 2 & "
lulJ_qlJrE
Fawan
concentratj.ori i.ras mede ln the work
presenis not onJ.y the most dlfficult
construction.
show the
The excavation work aLready
performod and ccdFleted furbher necessita,ted the ramoval of a
hru-
above sea leve1 and dug dor,n deep to a depth 4O feet beLow the rnaining 8S
of the rcork rrjJ-J. consur4e the sa"ne peri.od of exeqition
first
The problerir of â&#x201A;Źxcavati-on,
2tr1.
phase
but aLso the nost oqrensive part of the nhoLe
The percentage co:rp1-etl-onof 2Ol does not relatively
trsnendous progress nrade j-n its
for
handling
and- renovilg
about 30 ft. ?he re'
as the
of excavated.
a - 6 earth and rock, and ciewatering have been successful3;r acccmplished and solved by the Filipino
staff
of engirreers and worlclren, despite seriorr^s
handicaps due to the non avaLlabil-ity tion
and handllog
ways,
are set in tine rnet on this
cla-ss heavy" excava-
egnipnent.
The other projects shipbuildi-ng
of first
loca1ly
are accessorj-al facilities
The target
for the drydock and the
detes for eorapletion on Deeanber 3L, L952,
for the operation
of the drydock.
No difficultl'
wj-ll be
regar.d except delays on material-s and supplies.
Shipside RepaJrs: WhjLe the tgrget
date for operation
Decernber, 1pJ2, corapletion of certain
of the drydock is scheduled for
facilities
are bei_ng rushed to en-
able the Corporation to accepi shipside repairs,
wirich !.ii"l't lhsr.6!y lyjjg
i:l !:rcoue even before completion of the whole proJect. o
on the nrargLnal nharf, a
celerated. the latter
part of October this
the ecpLpment il
yeax.
end, work
shop an<i fou.nclry are bei-ng ac-
Tentative plans are to cornpl_etethis
a
=?
machj:ne shop, plate
To thls
phase of the project
J:n
i.Iention may be nad.o here that alL
the shops gre frcro. reFarations
assets from Japan valued
at approxjmat e1y l{.gro00rm0. @. Delays ! The nost serloug irandicaps rnet by the na.nagerLentin the execuil-on of the project
are nateria]-s
shortages and oupplj"ee, a_s,,{eII as repJ_ace-
mâ&#x201A;Źnt parts of machi-ner?'. rl
a a
Order hae been placed ln the Unj.ted States for steel, e.rrdother supplies
sirrce the beginni:rg of the year.
late'
clunges il
jngs.
Where galvanized sheets r"rere previcus\r
,""as substitut ed.
dosign wele al"so made for naterial-s
Subgbitution
a.re cases r.rhere this are ur:ent problan.
Deliveries
ca:rnot be done.
have been
pl"arrned fof walls,
fhe need for reinforced
wood
but there stee.L bars
Cslent is al-so beco:n:ilg a
An order has been placed'rd-th the Cebu portland
for 2OO,O0Obags to be used in the drydock.
Oanent Company
The canent ccnpany is not in
to mcot tiris requirement.
hea,vy machineries now are al-so a riifficul-t
rs:ires
i:r sone of the build-
may be rnade in sone instances,
for the present for the drydocl(.
a posj.tj.on presently
el,eetric
RepJ-acer,ientparts for the
problan.
This is.bei-ng met,
O '
iI
the proJect
Slight
ploper.
cielay ray be caused by incier,rent vea.ther and the ra"iny sea_
son, but plans have been rnade to offget ing hours in the dry seeson. ald b'eyond the control sunplies and nrate'ialg,
this
loss of ti.rae by longer work_
htril-e some of these delays are rmavoidabl-e
of elyone, n:ost partieularly yet efforts
j.n the matt er of
are being nade by the nanage&ent to
meet these exigencies to the e>:Lent that progress i-rr the uork is gatis_
-i-
factory
end aIL indice.tions
point to the completion of the project
as
scheciuled. Persomeli ?he daily
'wageworkers
iri i.aniveles
nor..itotal
565, r.rhereas one I,ear
e8o there were onl";r 21-6, shordrrg the accelerati-on i'r the eonstrr.:ction
a
activities.
a
?he pocule,tion of the personnel is â&#x201A;Ź_pected to jncreaee i!
a
the ns,-L few nonths as new phases of the projoct
*
the eoncreting
of ihe dryrlock, operalion
are developed. such e,s
of the shops and foundry and
other niscel_laneous activities. The rages of worloen ir the d.ail.y basis vary fronr }iL.OC .for un* skilled
laborers
f.{l-.60 ior
io iâ&#x201A;Ź.OO ior
ekilLed techni_cians, and fr@l ffi,go
super.visors a-ncifo:,enen.
to
As cal be seen, llhe ajxLnnun .ilage
paid is nuch higher than plovidecr. for by 1ar* for workers outside of i,ib.nil-a and these weges lJere in effect a
sinch the start
cf ihe constru.cti"on of trre
Shipya.rd.
a
The vrorkers are provicled free with quarters,
a
neclical- attencrance ancl rn'ater transportati-on There is also a cooperative their
o1,r! lLcard of Directors
electri.eity,
water,
between j.,e.nila ancri.jariveles.
store o.h,ned. bJ. Ule r.rorlo.en ancl enployees r..rith and store p$rsorurel.
Abtached are charts shou:i-nggrouth of personriel and status of projects
as of AprIL 30, !g5l..
The steel i'iill a. Plant
tsroject as planned consists
of the for-r-owirai
and }:ibchinerXr for j4erchant Bar i.tiLJ.: (f)
Onu electrlc
furn&ce ot L-L/Z ton ae]-tl.!tg
capacity
t .r8-
pst ona hour for aeltlng
scrap l.ron and strsl
to co-
ecroLal atccl lngots for the nAtrufsctur€ of stc.L barc; rude ; anall !0nretural (Z) a oeol cdrtlnqous ly porrred I omlrlets tlcr
barar agLcsr bc lncrcasod
nerchant
bar Etl-L €lectrlealfor tho pro&re-
ln overy reryect
of &pprod.uat.V
20 r0O tang anrlually ghapcsr
atd *qII
flats
r.rtle oo
dape a s{
of relnforced
Thle capaclty &ay
dependlag q)c{t th6 locaL dcnaad of, thc
sbcel productao (3) Accessor{.al
cquipslt
and s€rap yar€ eqrlpo.ot (4) ls,Uoratory
anch as ovcr.head eraac s
o
equigncnt
for acrtallurgLca.t
resaarch
end tegtco bo $teel
l{l.l1 But]d3:rgl
a
The br.rllcling to bouse thc equipmsrt t
-
be of ccobinaticcr
riIL
galvanized
clccl
Lron rooflngr
for eccrqica]-
sd
and oaohlnery
tJmber frranlng wlth
ThlE type has becr selected
cssbruetiet
wlthorrt
pel:na-
sacrificlng
rrcney ard f,Lrc protectlonr ?lana and otlr€r drarl:rgs
s+
rdlL bc o@pLG'Codln tro nonLhsr ths rbructulE co Tl$cr
the egtLnated
aad
cogb of
le PI106p@SO.
*lerl fhls
t
beJ.ag 1rr progrere
llng
ProJcct
le planned to rodtrc€ corb in the hmd-
of ccrep uctal
fi:q
thc
*rLpt
a
acrap yatd.
The costl
goltBtmmt
Iligari
Lf cerap ls to be hauled frm
pLGr!,
r:l1l
b! prohlb:ltlo
cnaass ccnsl.d€ra,bly tbe co6t ot ![6 Thc cctlnated
and ba,rgee to the
eolt
the
and nay In-
frni s[3d produclr
Ls p1p p0O.O.
do Othcr ProJecte: the eonatnctLcn qmr.born and rlljtor plopar
op€ratica
aoancctLa
of of,ficc buildiagal
build,lngr of thc Millsr
to thc llille
d.II
rdlL
e Isborstor?,
b6 aeeessarlr for tho
'A scrag yard rdt*r ralt have to be provJ.dedo
- 9 bc trm eportod to thc gite fr@ all
Serap rdll
pa,rtr of thc cotxtrYo a! follon:
of fucds i!!c
?hc rcl:ascc
Scp!. 12r LgF .,...1 2llr 19F or..r //r 195O..... IOr 195O..... stLLL h Na-
ScPtr SePt. $oYr Aront
tioal
rcPO.o
lO tOm.O 2mr06.O lr500nOr(X}
trcaar4r .. 3L€d99.49
,[rj@trm.oo 534,618.'i,6
. .. . . . . . . . . . . . . . . . . .
ADount efft
3t9$5ej9l.',?/+
..r.............t {noun$ rmcq>eardcd
Prcrdrt Statua of thc ?roJcctr er
Arard tor f,urnlSlng
the elpetr{c
pnbltc btddlne to tbc tlttaburgh
',cstaaclt'
fumece r&! Eadc by t\rrD'eo. Cotporatie,
2 Punao r Uo8olo
Pltt&cgb
De]:lrrcry of, thLE f,urnacc Lc epccted ln 18 noibr. a
br a
Amrd for thc Bsufactulrc
of thG sejor ;tccl
rar madoby pr$llo bLdding to ll5nimprorrl lttc.p llcr Yorkr UoS.lo D,.fl?cry ot tbc nachl.ncry ic €ryGetod ln 18 notha
-
or ltrlaor nachlaery and ortbcr aae.loorl.al at tho hglrrccr
bc rmufactured
cqrtpnd*, rtll
of th16 0 orporatioo
Isled
0f 1.atc drc of th. mort serLoua probl@t bcing st Ernt in conectLcr ircr
rdth thc FrfJcct
srd clccL ln the countr5r. I}ader nonnel capaclty the llll.l
uso
rlll
quantlty of srap
rd.LL i.ncreacc 5l proportion to the l:rcrsaec ln the drarsrd of deel pro-
a a
by ttre naagc-
ls the ocmiclnaticn of aLl thc aorap
approd.Eat€ry 22r00O tms of rcriap lJrfi y6at$rt this a
nachtncry
ducte over aod ebon thc 2Or00Oto ?he tr.cnsrdou! p!.vlour thc acrep avallabllliies
q)ortaticr
product5.on flgurc nmtlasd
abovco
of sorap Lrm ad rtcel haa dapLctcd
for th. uE6 of thl.s ProJcctr
It ls ectfuat.d
tbat approxlsstclJ
2m p@ tmc of rcrap iralr &rd steol bac bccr €NlpodGil
sinc. llboratirn.
The Eport
Ccrtrol
pe8sod by omgreoa aE rn adelnlslratirro thie aosb vttal g$et
kr,
Rrpubllo lct Ss. 613r nc
D€alurc r sboptrd ths oxodue of
oatcr:Lalr hrt unfortwrrt.ly
tlrat the o\r
hope of cu,wtval of tbls
trY l1er ln thc oor:ratto
of @
trrrovloua erqror*atlm lnf,ant and nogt vltel
ms so indue-
ln thc terr.!.-
ea.
-totorLal to allor
[gthlng
of thc Phillppincs.
Btart
the aorep stcsl
fro
t'hcsc lostcls
Xs cccLd.retlcr
Ph{lipplncr.
aad above thc prot.ctla
could bo Bor!
suie
to bc oryortGd frce
of uy fom Ctould bc drtcltELsed oE! of tbLg ProJcctr
and dtvllofdrt
@lesr-@!s!' Bscauag of tbo fgrae
dorg.ncy
and th. lntcmstlona,l
r&Lch cauac thc clqymclot'lng of pr!.ccar lt
La feEnsd that additimat
ftnds raJr bo rq?E{.ttd to fLaoroc tho ProJccto eaterLel'a sd &€obilldry har lncr.scd
La eeblnat 6d that thc addlttoal
eoutt
Thc Pr.oJeot le a profltablc ctcelr lrears.
t'he caplial
It Le atrogly
of, fg rOOOrm.S
wrturc
1o aeccccarlr to
fwd.
of IrOmrOmO
for tbLr pur?osc by the Gcotr:al Ba*.
bc rclca*d
BEITABKS
oloud{r sta*cd
Sh!ryerrd ed the Stc6l U1UL ProJccta auryl-
by tbc pnasot
admturisbratLe aad rlth
ssh.aEl€d tt L952 orr at thr lat6st, rrl1l nark a nor era ta Phlllpplnc of dollerrl
durtng thc f,irst
copletlo
qrmrtcr ot L953t
cc€Nrqr n€rt drly ln the cm!.r1r8ti@
as raldrtg
th.tr
standad of tLvlng.
Thoss trc proJcctr bcjng nbcd.c indudr:tcd? e nchafu rcactiorr br
thoir
but alco a boor to thc Earga g of tbr p€ople by Sfdng eryloy-
mat ar lrll
t
It
and rndcr prc sant prLcer of
rec.r-n'oded tbat addltlsaal
Th. Bsta& l{atlcnsl
t
tBs t€![i6!tted.
lnvr gb&Bt caa e&BLly bo arorLlzed ln lcsg thaa te
-,
I
to a,bout 6Of or mone cepared to
pudr thla ProJeot to coplctLmr
lully
a
Tbe cocb of l4port.d
the ortg{ "ra! anount of l4r50Or@.@
lasb year rha
tosio
obsLllalif
for thc e gtabll*mnt
lrductrl.ra
*teh
rtlf
ln naturs rLll
produoc
ad dcvologlent of other sel,-
bg arsured of cstlnuori
al;lply of,
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HHEEEEHFE HEg sHEE EsH E 33Eg'E
c) ct z !4 rd f;l 0 fr c:
iiLCll,iI'Ir)
i. b. "soxfo. cre,J REPUBLIC OF TIIE PIIILIPPINES
PEOPLE'SHOMESITEAND HOUSINGCO .
? 3 1951 AUG ltlq'
MANILA
Augurt 22p 1951 IIEIORASDIIH lorr lhe Eslorabls lhe Athlnlgtrator Mal!. 1a
of, EconcnLc Coorrllaatioa
ffi
Ia aonpllance vlth the tclsphone LlEtnxvtlore fro your 0lfice thig !!o!r!{ rig, I an olhlttt4 tbc follotr'ng brlef amarlr of, aocoq)ll8h.ds ol thi.a ooq)osatloD during tbe flscal. ycar endllng Juno 30r 1951r ' 1' Lorr4ogt Eoislnl ?rolect So. ll DEtDg tbe flocal. 1ear, Lorr0ogt BEuslng hogect f,o. l rlth 1rO{8 ilrrulllag ald storc naltae cover!.rg 39.5 fu. sa8 eqrlsted at tbe cogt d Fjrl5OroOO. Ihl.a doea not laclude tha coct of thp laril ald tta dewSopuent, eotllat€al at ato&d F 5Or000, lor tbe 19101000 advarcedl to tbe l{atlopolltan llator Dletrlqt ter 16-Lnch plpeJJ.nes aad ratcr aDalr€rrct nalls h the proJect. Tho corporatlon Lsasoalall the dvelli:rg and store unlts to 11048 fatnJ.tles o:f aloud 7r00O pelaone, f,or the total rcrta]- of "l8l /r96.L6 ilurlng tbs yearo
--
2. la-€bet Eorslrn! Frolect Io. 2r Dur{rg tbo flsoal ygat, lot'F0ost Eouatag ProJect Bo. 2 raa atarteil oa a 38-ha. pieee of Iaadp adl as of tba ord of, tb6 fiscal yearl L40 ualta r€ro oo!lpleted for oceqpancy, rb1le 311 ballilj.rye rere La dlffereat :rtagee ol ooustrustlm ralglrg froa tbe layiag of forndstlotr to pelatlng.
e -
a
I a
ls
of
Jusrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr34, 1951, 11"r 1J2 fo* or abcrt 79O p€reoas
rere
already
loaalng the conpleteil uitee g{Ttt€ the oorporatloa reatalc ltr tbo total alourtt d */.35. lh1a proJecbe eeootoal to be ocupletatl by the ed of tLls oaledar ysa!, rlLl baw a torta]. of 54? batldlngs dth 1rJIL8ualts capabb of accmodatttg trlllt frnr{l{6s s5 tr222 pelaoas ald of groaafug a yearly lncore of !5rOrO0O. Exchdrng thc :ad ald lto <Ieve1o1runtrhlcb ta estt&atoal to coet aroud P530r000 ald the rator and s6lr€r facllltles to be provtded by tbe l{otropolltaa tlater Dlslrlct, at a eoo0 of arounrl t500r000, tbs proJcot rill eogt aroanal F312001000. 3. Ise0oetb EEustueProJect So. 3r 0a febrnary 5, L95A, tbe Peop.lcre Eoneslto andlEotreing Corpolatldn prucbasad $16 b. of lanel fron the Phtltpplm Nattonal Bank for Fti'/5r@o. Of thls Aannt 35.5 ba. rrtll be utlll.zodl fol lorF4ost f,olslry ?roJect do, l. the alte plan uas preparcd by the PeopLer g Eomslte and Eouslng Corporatloa ad approveil bg the flational P]a*r'€ C@J"lslon ol tut!9 9, I95I, anil loadl consttuctlorr rea atalteil imedtately theteaftelo Tho aLte pl,an ao approwd nLIL acomotlatg 4Tl bulfd-
- 2 lngs or 96O fadly untts of illffereat tl4ner capabl'e of, aoco d.{f"c 960 fardlles ot 6172Qlr€lsons and of groesLng a total ot ?W r232r : Dr:rXngthe,nontle &. fo!.tho negollgtlogs staru€d ruy sr @{on bouslag alteo ' pircels lqt-cogt ag to bo utod land 2 of of mrchis" -Ors parcel ot lard of abont 160 be. lntcnded for Low''Cogt Souetng ProJict No. 4 belonBs to tho Pblllppl'ns lfatlobal' Bank r.ho tt vllltrg to ietl the gam at-Fl.5o p€r eQrure r&lle the otb6r paloo1 of lad of about 1O7 ba. lntadeil for Lor4ost' Eouolng ?roJoot Ho' J bolonge to *l-L lt at F2.0O !€r 6q.$. to tbo ?uason farnlly rho t6 r.llltry Both parcela ot land ate adjacedb to Lon"6ost Eousrlg ProJecto l{oa. 2 and 3r aaal oan accomodato no legs than 3r5O0 butldlrys ol 7r0OO fanl1y unlts. .r-
5. Sals of lloneslte Lotg ald &rtLdlingg: Durfug the,yeare tho oorrorqtlon rold /FO hono Lotg nlth a tsbal atea of 4A8rtt6.l+ eq.a. 12 resr'dEntlal btrlLdfucc (PltDc 0ouf,or' the gun ot P4r498,/l't.5l; porura) fo "I9t+t657 t 2 !tor€6 fot t]:o 23929and 1 regt bouse to queion City fot ?2t96O.- fhlt salo o! Lste brlngo a totaL eale ol 2 r0/8 eq.n. for ?))t)75 t56?.L8 silce Decuberr 1947o Lots of- 1rA6l+161.6.2 X06 dtonar the bal.ance-l,r mrthly lueSales are payable as folldng: talnonte f,or 1O yearo rrlth Lnterest at the rate 6f lf per alnnr In ths case of the P!|DCbulLatlngs, a tlorm paSoert ot 2$ la requlreil.
a {t
a
o o
r Durlng !!e f-lgca] 6. holl-sr blocka I],f2ql2l,cogclete year, tha@ ??;58tT2L.&1 llnited ltg sales to bf dtfferent sfu6s at tlr€ cost ot of, lts prothe rest t?51431.I1r useil all aucl oaly 89rTI9 pl.aoes for 2r ProJocte [os. 1ald dr:ctlon for l.te L,on-OostHousi'g
d6;l*sr
, P8 t 9 r c t GENERAL STAf_E-MEfrtoF AccoMPLiSHMENTs Since the establishment of the PRISCO under Execuiive Ordei No, 350, which fused the o1d PRATRA and the NARIC, it has accom. plished many things which even the rabid skeptics have dcubted that the PRISCO could have made wonder{ul accomplishmenb which have gained the confidence of the people in the government and the admiration of impartial observers. Brielly stated, these accomplishments may be summed up as follows: l.
dl
'
!,r'
In Trade Stabilization
a. In trade stabilization, PRISCO has been able to bring down prices of comrnodities within the shortest time possible through proper licensi.ng of essentlal imports and their equitable distribution throughout the countly. This condition has, of course, been attained thrcugh the wholehearted cocperation of the Office of Economic Coordinaticn, the Central Banli, the former Import Control Administrationr ;is well as all business groups,'the newspapers and the general public, As a conseguence of the general downward trend of prices, the high cost of living has eased up which, of course, redcunds to the gene.ral benefit of the masses. b. PRISCO has reduced artificial scarcity in eesential commodities and consequent profiteering and Ulackmarketing. c. PRISCO has made available tc the public es sential goods in substantial quantities and has thus prevented shortage and sufferings, part of the masses.
especially
on the
d. Through the ef{icient administration of licensing system graft and corruption has been reduced to the rninimum. e. Through the same systern business has been restored to normalcy and trade and industry assured cf the regular supply of essential cornmodities and raw rnate rials. |l
; a
z. I"f::*
j::"rS!-:"t
PRISCO, through its Manila O{fice .rnd a netwcrk of strategically lccated provincial branches and rnetropolitan stores, had aided greatly in the progressive developrnent of business, especially the small Filipino business which for decades had been at the
- z mercy of alien competitors. Through the cooperatiJn r{ the Central B$k cf the Philippines and other agencies ,:f the gcvernrnent, PRISCO had been ablc, during the past, to import and distribute large quantities of highly essential merchandise and vitally nee.led machinery, raw materials and supplies worth millions of pesos. These have enriched the lifeblord of our domestic trade and accelerated its movement, resulting in the imProve ment of the position of Filipino business, besides contributing largely to the general economic welfare of the country. At present the PRISCO has for its distributive channels about ninety provincial branches and extension stores and some fi{teen market boolhs in Manila and its suburbs.
4^
lrt
; t
3. In Ilduqtrial O:::]:ery4 a, Correlated with the work of licensing essential imports, the PRISCO has also accomPlished surprising results in encouraging production cf local goods, especially essential goods which used to be imported heavily by this country. Through the proper allocation of dollars under a system of priorities, PRISCO had allocated more dollars and had given more licenses to decadent and new industries which produce essential commodities. This work of the PRISCO resulted in the growth in this country of a large number of industrial or manufacturing enterprises which are now turning out vitally needed materials' Iinished goods :ind supplies which produce and s&ve dollars for thi s country. b. Another outstanding accomplishrnent which the PRISCO can probably take pride in is the help it has extended to the development and promotion of local homr industries by providing them with necessary equipments and supplies which normally ar e beyond the m .:ans of village workers. The PRISCO has also given village workers the opportunity to take advanced training and observaticn in the modern technique of the various home industries, as well as in the promotion and marketing of their products, Ccnsidering that large rural a!eas have unlirnited supplies of available workers whose services and t:Ients could easily be directed to profitable home industrial cra{ts, one can easily realize that the work o{ the PRISCO in the development and super visicn of home industries is a great boon not only to the people themselves but also to the national economy. This serwice ,rf the PRISCO alone cannot be estimated solely in terms of money.
''6t
- 3 -
4.
.rdr
a?
a C
In Rice Procurement,
ffi
Distribution and Production Aid
In this particular regard, it probably would not be necessary anymore to include the accomplishmenb of the PRISCO, inasmuch as these functions ate now being taken over by the re-cteated NARIC, but it is believed that the PIJSCO improved a great deal in the procurement and dis tribution of rice which it had ordered, but at the same time and this is the most important aspect which PRISCO may be prcud of - it had undertaken certain experimental projects in the rice and corn production which are bound td prcve greatly beneficial .in increaging the luture crop fields of rice and corn, The technical pecple o{ the PRISCO who had undertaken these projects had the authority cf the Management and the Board of Directors to institute modern methods, as well as introduce new scienti{ic devices that promise to help this country in increasing the production of its much-needed staples. All these accomplishments oI the PRISCO, of course, would have not been possible were it not for the full cooperation of an understanding Board of Directcrs, an aggrâ&#x201A;Źssive and foresighted Management, and a capable and experienced managerial and technical personnel who unstiniedly had given their full tirne and best efforts towards the successful accomplishment of a joint enterprise for the benefit of the people and the country at large.
BASIC POLICIES TO IMPLEMENT THE FUNCTIONS OF PRISCO UNDER EXISTING LAWS
A.
Price S?lil?ation
[SectioA 2(a), Executive Order No. 350]
It is the basic policy o{ the PRISCO to eflect the stabilization of prices of essential commodities through the elimination of obstacles to the normal functioning of the econornic laws o{ supply and demand and through such regulation and control as the circumstances may warrant. To this end the aim of the PRISCO is to assist private enterprise in overcorning obstacles to and disruptions of norrnal trade channels, rather than {or the PRISCO itself to enter into commercia} activities in competition with private business. The primary function o{ the PRISCO, so far as concerns price stabil.ization, is therefore to regulate the channels of distribution of goods so as to insure an uninterrupted and equitable flow of cornmodities. I
of basic
G o o d p - In accordance with the above statement
PRISCO s h a l l :
a. Establish a list of essential commodities which are of prime necessity to the welfare of the peoPle. b. Determine which items supply or are likely to become due to an expected increasc in sonal and/or other reasons or
in the list are in short in short supply eithe r demand because of seadue to an expected res-
triction in the source of supply, such as the imposition of export contr:ols or embargoes in the supplying countries. c, Secure from the Monetary Board allotments of foreign cxchange and from the lmport Control Commis sion the necessary import licenses for the purpose of increasing the supply of those imported comrnodities which the PRISCO believes to be essential in accordance with b, above.
a t
d, Although it is the announced policy of the PRISCO to e{fect such importation through private business houses whenever possible, nothing herein contained shall be construed as limiting the power of PRISCO to itsel{ effect such importations in its own name should said private houses be unwilling or unable to import the items in qrrestion, and for this purpose it shali seek the allocation of such additional foreign exchange as may be deemed necessary from tirne to time to enable it to perform its duty adequatcly and i.n tirnes of eme rgency.
/,.i
tdus.
iF'-
Y
- z Z, Domesticallv Produced Coods. - The PRISCO believes the prices of domE: essentiail@biliaing tically produced goods is through increased production and the elimination of factors tending to act in restraint of trade. In order to implement this basic policy, the PRISCO believes that its functions must be directed towards helping the domestic producer and/or manufacturer of essential items overcome obstacles which may hamper increased production on the one hand, and solving those problems of distribution and marketing which result in high selling prices to the consumer on the other hand. To this end the PRISCO shall: a. Establish a list of domestic products including manuf actured goods which are deeme d to be of prime necessity and the price of which should be stabillzed so as to bring such items within the reach of the consuming public in accordance with their average purchasing power while at the same time assuring the producer and/or manufacturer a reasonable return on his production, b. In the case of manufacturers, take such steps a9 may be necessary to assist manufacturer6 in securing an adequate supply of raw rnaterials at reasonable prices. c. In the case of producerst make available to them technological assi.stance which may increase tboir production in cooperation with the other governmental agencies conce rne d. d. Make available to producers, in cooperation with private enterprises and governmcrtal agencies, machinery and equipment on a lease or rental basis, which may be essential to increased production in accordance with modern scientific methods, e. Develop storage facilities for food supplies and materials and othe r commodities so that seasonal price fluctuations will be minimized and a year-round supply of such essential prirne commodities rnade available.
a
a
f. Assist the small producer through the development of cooperative marketing schemes, crop Ioans and other distribution aids, to obtain the maximum price for his produce while at the same time assuring the public of a constant supply, thus eliminating the services of numerous middlernen and commodity hoarders and speculator s.
;iFF'-
- 3 -
{}--\-4 As si stanc e to FiIi ino Businessmen and Retailer s Secti Exe cutive
It is the firm belief of the PRISCO that in the long run the type of assistance which can be of permanent benefit to the Filipino businessman and retailer is to render him more able and fit to compete with other elements in his field. To this end the PRISCO shall:
w
l. Through its regional offices and branches, consolidate the buying orders of srnall businessmen and retailers so as to enable them to buy at competitive prices.
1|r
2, Keep such Filipino businessmen informed of business trends in the markets for their goods; assist thenr in the latest techniques of merchandising; keep on file a list of such retailers to supply to sellers in large urban centers; require importers, if and when utillzing PRISCOlicenses, to sell to reliable Filipino retailers a certain Percentage of the merchandise so imported. C.
Promotion of Flome Industrie s Section 2
No.350l
In order to properly divelop home industries, the PRISCO, in close coordination with the OEC Committee, shall encourage and build up the standardization of local products so that they may be accumulated fo| volume sale in {oreign markets. To this end the PRISCO shall:
t--t
l. Divide the country into areas where specialized skills already exist, such as the weaving industry in the North, the abaca and nipa industries in the South, etc., and otganirre, uniler the appropriate PRISCO regional offices ani branches, central training schools ar.-dlocal supervisors for the jndustry concerned. 2. Whenever feasible, help make available to local home industries, the necessary equipment such as loomsl lathes, etc. ' which are normally beyond the means of cottage workers to acquire themselves. 3. Whenever deemed advisable, establish an advanced training-in-work vocational school to whici: pensionados would be sent {rnm provincial areas of cottage industries.
I
i '
i I
4. Take over the rnarketing abroad of theproducts of such home industries, through private firms wherever possible. In this connection, the PRISCO shall finance, where necessary, the accumulation of stocks from provincial manufacturing areas to lar:ge urban centers for distribution and shipment. 5. Give adequate publicity abroad to Philippine horne industries so as to stlmulate export interest.
1L;
*
ffi
I
QG''sj
1l
t
- 4 D. Barter or cther International Economic
&
'1 E
I
re eme nts Secticn 2
Unless Executive Order No. j50 is amended to the contrary, the PRISCO, as the agent and representative of the Republic of the Philippines shall continue to act as such in carrying out the barter or other international economic agreements with other countries. In this connection the Board of Directors are promulgating from time to time rules and regulations necessary io implement this objective.
DATA ON THg LAI{D SETTln"&'n AND DEVEL0PMn{TCOPiPORATI0I{ I . ORCA}IIZATION This coryoration
was fosred under Execrrtive Order No. 355, dat'ed
0ctober 23t ]:g5}t dissolving
I
a.nd the MC-l{achi.nery and Equip-
Rice and Corn Productlon Adninistration ment Department, and ereatirg assr:me all
tand Settlsnent Administrationt
the llational
and
to continue the functions the LASEDECO of the aforegaid
the assete ard l-iabllities
entitles.
rr.-!ru. Arnongl-ts inrportant obJectives are! (a) To facilitate agricul-tural
the acqulsition,
of
settl-enent and cultivation
lanls.
(b) To afford
to own farrns to tenants and snall
opportunity
mers from congested areaa, to graduete s of agricuJ.tural
fa!-
schools a.rd
col1eges, to veteransrand other landle ss pcrsons. into two rnalcn c1-assifications:
These objectives e6! be clasgified
O
(2) Agricultural
(1) Land Settlenent, '.
III
Developncr t.
- CAPTTAL
t+
?he capltal and UfO, including funct
of the LASEDtsCO is the net worLh of the NISA, BCPA the appraised value of lands ceded to ii
by the de-
M.9A ard RCFA.
w-@. 1. Total taroa,
- 45010OOhecof the LASEDIiCO
area of lard. reservatlon
raore or Lesg, located in the islands
of lvllndanao and Pal&lran,
and in the provlnce of fsabela. ra
a
a
2. Total
area allocated
to settlers
from the tlne
of the NLSA
to date - 11Or0OOhectares, nore or legg. 3. Total area stLlJ- avallable 180r0OO heclercs,
for dcvelopneni ard dlstribution
located as fol-Iolrs I
14O;O0Ohectares
0otabato &rlddnon
l5oooo
rt
Pala'rran
20,ooo
l
Cegayan Valley T0TAL
5r00O -
!r
1 6 0 1 0 0 0h o c t e r e 8 :
-
rlF
e;* - 2 -
I
0f the 1I0r 00O hectares j0rL130 hectares
which have al-ready been a}l_oc
h:rve been placed under cultivation,
Coiabato
i
to r,rit:
I
t--t*t9
20rOCOhectares
E:kidnon
I
Palawan
300 -
Oagayan Valley
lOTAL
- *:9'-000h . ectares
These 301000 hectares of cultlvated Adnlnletration â&#x201A;Ź.
Far:n comprising a total
lands include ihe
tuiSIDECC
area of 4r5OOhectares whlch are
operated under the meehanized system of farrnlng and located in the f ollowing
place s; Cotabat o
2r5AAheel"ares
Bukidnon
1170o
3oo
Palawan T 0 T h L -
a
t!
Ir..500h e c t a r e s
d. ilti];Elt cF F,.]}, ^.'tD sETTtijlJi{T pRgJricTS-: a
(a) Cote"UatoFarn and Settlenieni
projee."
rE
(b) Ca6ayanr/alIey Farr:. and Settlenieirt Frc.ject (Isa.bela) (c) Bukidnon larrrr ard Settlenent
project
(a) lalarvan Far:n and Settle-ment Froject a. COTAAI]'C FROJI]CI settlenent, .listricts,
This Fr.rject is conposed o: ei.lrt
(t)
cix (6) of which ,.rercestab:lished by tfe defuncL
lil-S,;'r and tr,ro (2) recently
opened by the Lr.tjE1lEC0.The ofd rtistr:icts
are Polonoloh, Lagao, Tupi and lJarbel in Koronadal Valley;
etrC Ba.flga
a
anC iilorala in Allah Valley.
t
The nell districts
a
opened by the LASIiDECO during the last fiscal
J'ea.r e.Ie Calawag and. Latnian. Calawag r,ras originally nistration
Farm Project in Cotabato.
It
:" part of the Adrd-
h:is an area of 9r,l+71hectares.
9o far 650 home lots lvi-th an area of lr5CO square meters each have been distributed
to settlers
in the districl.
few months in the settl-enent,
To tide then over their
the IASEDEC0gave then a courmunity fa.rrn
of 3OOhectares whl,ch they planted to rice last first
first
harvest they will- be given a farm lot
season. .A-fter their
of e. njll1linri!:r6fi)6li?ht, hcctaret
e80ho
- f
i
-
- 3 During ihe shorL space of 4 nonths, 223 settLersr buili
in Calawag, and 2r0O0 fml,t Lamlan distr{.ct,
h
,y A.- t
trees planied.
Sottlenent, the second IITSEDECO
Ls in tt! e
rl
process of subdirrision.
a
end distributed
There ate 327 fann lots
to scttlers,
txost of whon s.re vetersns and.caseo
by the Social- Welfarc ndnlnistration.
recmited
already subdivided
there are 5r0@
heotares here whlch have been sufieyed ard subdivlded into lots
of l0 hectareg each. Plarrs have been perfeeted
*9
5OOfarm
districts total
for the opening of 2 new settlement
in Dagwra and Bu1uan in the Cotabato regi.on, bringlng
nunber of districts
the
to 10.
5. POPUI,ATION popuJ-ation of the Cotabato si,rd Cagayan Valley
The coll-ecttve Settlenent this
is placed at Ll5ro41 as of Juno 30, 1-951. 0f
Projects
mrnber 101410 are registered
settlers
and the others composed
settlers,
adroirlistrat j"on personnel
I
of thEir
dependents unregistered
and thej-r dependopts ard others including â&#x201A;Ź-
non-christj.an
tribes.
I,AhD DISTRIE]TION There are more then 8, OOOregistered nhom have been issued a total
seitLers
in Cotabato to
ot 7,l+7O hone Lois arld 7,71+9farrn 1ots.
AGRICUIruNJTPP,ODUCTION lirea planted to diffelent Rice
cropst
-
- 161993.70 hectares 212148.55 tl
Corn a
*
a
Feanuts
366.75
tt
Sugar cane
166.85
tl
Tobacco
69.95
rl
Abaca
oa
Other crops
2L,8O7.'16
IRRTGATIONFACILIT]ES There are 97 snal-l irrigation
syeiemss rnosily c onmunal, serving
5127! heclares of rice lande.
-@9*sf.:trgRs.r The LA$EDECOOperates $elfare
of the
se$ilers.
a mrmber of units
Theee j-nclude
intended
hospital+'a.rd
to serve
the
dispensariee,
fa.nr r.uchi.rery pools,
.]lr r
power pla,rt,s, repair
;..rlr'i -.i -LJ.a-Lion
.'.1.cp.r,ipq
1r'1r nt
t,
se-l f-srlrno.r.in-
crrhd;'rirlprl
a have been prefiouslJ l-ntO
*
rnirral
l
^-^'o-r-c vv r vo
rn!.
wv.
has en area of
Th:is reservation ,. . .l. 4r , . 1
lisposed
lnre
rn,,
i J,ln rrli4r
,hr ^v m , t raL
65rrl(-:0 hec-
llv^e+J c
?. I al )
of bir tjle Eureau of I"ands. fl
^ lJ w
L* )r thL iu^LhL
is divided
C'/ baffaos.
r*re i,, pl-anted Lo .li lr.l':nt
cropss
* -
ilice
-
c.
I
Other c:ops
18C
are
grain
to
farms for
farrnin6; is uncierr,,ay. to
j.jelrly opened to
farms j,n tl€
orchard
distributicn
tr
-
& 8EJ Ti.Il.:l;jrU lic.rnci
of 4-hecta:'e
orchard
|l
1 \'7
The subdivision suitable
4]n
Sugar c€ine
EUKIIiJON ftilli
?o date,
settierer:t.
grouncls r.ihlch
rolling
Therc r:ill
settlers.
(;rn eiveragc o-f l+ ':a. pe: settler)
heciares
I,3?6
Sorn - -
'>
I
rnd,
fams
8E;K9
? r' ? I ,-.r i
i-fn
shops, trlnspor.Lltl
-iS.
b. CJ|GIYANVrll,ifif l.:rar
lt-
be IrOOO of t,hese 215
4-hectare
lots
have been subdivided. C. i'$LAldi$l - This proJect
.
lt
Lhis liscal
is
I'ear.
e. AlDi'tII,{lSTIiA'.iION!'.r,R1"5 tration
farrus located
n total
of 21387 heetares
this
crop year.
IrCOC field with
3rain
a
Septenber. administration plented
were plenterl r.ras started
Ilarwesi
tenks
and the palay
last
llarvest rice
the various
adnini s_
in Uarinnag, Eu-I<idnorr for
week ldth
to
iice
ncn by the LAfjiiDECC ranging
size
by cadet farraers.
fa11!l6 are r.drolly neehanized.
on the 2r000-hectare
farya :i.n Cagayan Val-ley
during
There were L4 pilot
the last
farns
The ope:'ations
planting
established
frcm 6 to lCO hectares,
In the
The
jrOOO cavans per day by nid-
?he adrnjnj-stra.tion to
of
drle,J by means of driers.
j-n Cotabato r,ras also started farm.
an averdge yield
is done vrith the use of c ombines
artificially
is expecteC to increase
?. PnOT FAiil'i,9 -
sized
t o palay
Harresting
a toLill" cf 149 hectares
a,re cultivated
The t otuil area of
in Cot,abilto, Bukidnon €|nd palawan ts d,J00 hect,ares.
cavans per d.ay.
ra.te of harvest
J
schedu_l_ed to be opeled to settlement
6eason.
in Bukid-
These fa:rns
of ?: e med.:iun erici iarge-
snall_-sizei
fa.rms
o.t4' - 5 -
to Fhilipplne
be of benefit
"ill- prc
of these trials
The result
animals is being tried.
0 ldri
mechanization with the use of
a system of eonbirl-ing parb ial
fe.rrners who are now turning
io mec
f arrdag. 8. !'Afti t{ACgINgRyPOOLS operated in every settlenent following
tractor
Aslde from the machinery pool-s opetates the
the Corporation
district:,
pools and shops;
1. Cagayan Far:n MachLne::f PooI 2l Mlndoro !'anrn Machinerrr Pool je
3. l{ueva Ecija
FaIm l4achinely Pool
4. 0n0oc Faru Machinery PooI 5. Leyle fano Machinery shop. ACtMSIES: 9. OTHEJT
-
Certain activities
inc ome which l-s used for adr*inistration
a Little
clude the 6al"es of surplus tractors, I (
G
arrd such speciel projects
products, raising
The latter
project
of !YJ'oOO authorized
I o
These ln-
anl agriiultural
as the swlne, poul-try and cattle-.
can supply around 25 tons of potatoes
per noilih up to December 1951.
q
eryenses.
projects 1n Colabato and Isabela, ard the Potato project in
Cotabato.
mul-tiply
spare parts
give the Corporation
this
tr{ith the additional
by the Board for iis
output several foLd.
N,A{I
appropriation
e:t)ansion, it
can easily
tltry APPENDIX II
BAIANCtrSIfiiiTSl/ COMPARATIVE GOVrfi]IlllINI O|JNE!AND/ORCOMROLLIDCO1]PORATICNF COORI]INATION UNDEiT T{,S OFFICEO}' XCONOI'IIC Increase
June 3O. 1951
A s s e t s Cu?rent aBsets ... lnvestnents Fiv-ed assets. :leserve for depreciatlon ..... Deferred charEes 0\her assets
ti-es and Net
i'tr-^-oo \g::::::/
oo\
fl76,76$,2J3.79 ?L,g,866,Or2.t4t+ ?,L6,n2,2Or.35 Ltu,584,5O3.9L 13tZl+z'532'29 L33rgn,A36.n 23O,978,255.4'l . 2I7,602'97Q.1+:) 13'375'3t+5.O4 {37,l+O5,3LL+.?3)$t+,957,l'58.43) (2rt+t+6rL5i.9O) 16r2661716.8L ?-a,778rA8A.69 L2,5O9,363.88 ? .9 JI.808.66 ].2.1+39.z:::],ar{â&#x201A;Ź L,5(n.hLt+'22 ---.-
W
.,. L 5Lt5
Total .lssets
"J
June 30, 1950
'rjorth
P114r177,140.08 tr 87'51+7t92l+.Ob y 2 5 1 6 2 , q 1 2 ! 6 , 0 2 52t972-'CCC:.CC 52r972,AOA.OA 82,t+85,488.93 38,785,6?6.06
7tr506,48A.6L ,9L9,08?,51
other Deferreci c
Other liabll-ities Tot:tl
^^-:+^1
l-.he ('caT
21,350,000.0u 5,LAC,8C7.61u 26,53o,so?.6L L2 45 ,l+26,9t+5.LI 58;AL,C26.55 '954 'oB]..4h 28rO73,320,86. \ a < , rLo1rL4t. (a) 5,891,173.r)8 r l d
. ,.
Total net worth ...,.., Total Li.:'cilities
leported
%9LA"23):Al)
p 8l+1060rouc,00 tr 78r060,00o.00 i+ 610lr0r00o.c$
^+^^l-
i +. f.lr,
(3,92t+1283.29) 578,986.30 F LL-A)9rlW.-tr9.
Capif.a1 invested by the govrt. '. . . -i,eserve s Surpl"rs r;-+. .r"^f
818
li-abili
liet wor-Lh : !.Ja}.,|!'/cI
75,fiA,763.93 18,340,Ct6,21
n,6ss,sA7-iJt
& Ilet
'SJO r'".."
'iibd,h.
(1,3!9,W.2?)
- ^ \
2L-9oL-222.92
!at_,i32,*823-QO. Pva-ryr-6-?-5,.981r'o5,272,1L8.45 Pr+89r,1r2a944.:-05
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