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The National Rice and Corn Corporation, anot.her subsidil'll'Y enterprise, was unable to submit its report. The Snbani estate reported a considerable profit. Secretnry Jorge B. Vargas voted the government stock in representation of President Manuel L. Quezon. The President, uncleI' authority of a new law, named the members of the board as follows: Secretary of Finance Antonio de las Alas. Secretary Eulogio Rcdriguez, of agriculture and commerce; Juan M. Elizalde, Mayor Juan Posadas, Dr. Manuel Roxas, Secretary Jorge B. Vargas and Gregorio Anonas, acting manager of the development corporation.
NATIVE TEXTILES TO BE fMPROVED
THE Bureau f ComnJe)'cc recently established Industrial Promotion Service shop in Laoag, Ilocos Norte to improj-e. the sta ndard and quality of native textiles, L eoncio Martin, district commercial agent, is in change of the operation of the shop. all
The Laoag Industrial I;'romotion Shop is operating foul' types of looms, They are the Aldaba improved loom, Aldaba designiJlg loom, Aldaba hand loom and the ordinary Aldaba loom. These improved looms arc three times more ~fficient than the old native 01' 1I0cano loom. More than 20 weavers are at present employed in the local shop aside from those already trained who are now demonstrating the operation of looms installed in the towns of Banna, Batac, SalTat and Pasuquin. The Bureau of Commerce, is at present trying to improve a loom fo\" designing by means of the weft or by means of the warp. This type of Joom when perfected will be capable of producing artistic and elaborate designs thus giving beauty to tbc finished product as a result of which the textiles will not only be imln'oved but they will be more ill demand in the market, Mr. Maltin stated. The shop is at present operating a loom which is turning out cloth of the three by th ree twill weave intended for suits that al路C now in vogue among government officials, and students ill the province. The handical) of the cloth weaving industl路y in the Philippines is the lack of the different kinds and varicties of threads to enable the weavers or our industrial weaving shops to produce sufficient standardized and quality cloths which could cqual or compare favorably with those imported,
The Philippines is at 1)l'esent spending P35,000,000 for impvrted finished cloth and other textile products from foreign countries but if the native weavers can be supplied with the different kinds of threads needed for the weaving industry here there is no reason why textile import. . . tion could not be minimized in this country,
COTTON YARN FACTORY TO BE ESTABLISHED The establishment of a COttOIl yarn factory, the machinery for which will shortly be ordered by the National Development company, will not violate the United States-Japan gentlemen's agrecment on the limitation of Philippine imports of cotton, textile, according to Antonio de las Alas, secretary of finance and president of the firm. He eXplained that the Nationul Development compnny will manufactul'e cotton yarn to supply the needs of the weavers of Il ocos provinces, Batangas, Bohol and othel' places, which import around rl,500,000 worth nnnually. The United States-Japan agreement limits the importation by the Philippines of cotton textile to 45,000,000 square meters a year, Secl'etary Alas declal路ed that the factory is the first step towards establishing cotton textile home industries to keep the pcople btlsy, thereby minimizing the 1)1'opagation of subversive ideas, The imI)orts of the Philippines of cotton yarn follow: United St.ates, " 2,226; Great Britain, P387.334; China, P456,087; Japan, 1'550,584; or a total, including those of othel' countries, of f'1,399,606.
l\'IARCH FIGURES 45 PER CENT GREATER THAN THOSE FOR FEBRUARY Imports of cotton textil(>s into the Philippines from the United States in March 1937, increased over 45 per cent, according to preliminary figures on arrivals, while imports from Japan fell oir about 25 per cent, AlTivals of American-made cotton textiles into the Isla nds in March were about 3,100,000 square meters, as against 2,100,000 square meters in Feb ruary and 1,100,000 square meters in January. Imports Il'om Japan amounted to about 3,500,000 S{juar(> ml'tt!l"!< in l\iarch, as compared with 4,900,000 s{jum'e meters in Februnry.
PHILIPPINES The sha r p increase in imports from the United States was due to the fact that many orders were placed nt the end of 1936. Stocks of American cot.ton textiles got vel·)' low toward the close of the yea r due to the shipping strike . On the other hand, Japanese prices increused sharply, in some kinds of textiles as much as 30 to ·10 per cent, which is believed to account fOI· the drop in imports in ~Iarch. This in tu rn may have been due to the fact that the Japa nese quota under the so-culled Japull';!se-Amel"ican :;!:entlemen's agreement is running low, inducing manufacturer s to increase the money value of their goods. Present indications poi nt to exhaustion of the Japanese quot il in AI)ril, fully three months ahead of t he termination of the agreement on August I , 1937. Imports of cotton textiles frqm Japan were heavy in January and February. r ri val figures fo r February were about 4,900,000 square meters, while those for January were about ~e same. Under the terms of th agreement, Japan engaged to limit Philippine imports of J a panese-made cotton pieccgoods to 45,000,Oq..o squarc mders in each of the two years beginnUlg Augus t 1, 1935, with a ten pel' cent margin for anticipation or canyove!". Imports of Japanese cotton piecegoods in the f irst quot.a yeal· ending July 3 1, 1936. amounted to 52,675,000 square meters, exceeding the quota limit (including the ten pcr cent tolera nce) by 3,175,000 square meters. This apparently leaves onl y $7,325,0000 squal·e meters to be received from Japan in the second quota year. Arrivals during the fil·st five months of the !iecond quota year totaled 21,625,000 square meters, if to this is added some 9,800,000 squul"e llleters impol'tcd in January and February, and 3,500,000 square meter s illl l)Orted in Mlll·ch, there will be onl~' 2,400,000 left to be imported dUl,ing the next fOUl· months. TEXTILE EXPERT A trial period of ten years for the cotton indu s~ I·Y is needed, to detel·mine whether cotton planting would be successful in t he Philippines accordin!?" to Juan T. Duvid, textile expert of t he burenu of customs, cOlllmenting on the plan of cane planters to go into collon p lanting. l\Ir, David snicl that the g1)vernment should first establish electric power plants to supply the homes with cheapel' electric fluid 1'0 that indushies like cloth will be encouraged
315
Spinning mills, according to :'Il r. David, may be installed in plantations under the supervi sion of the government. Once they arc established it would be easy fOl· weavel·S to s upply the local demand of cotton cloth. P URCHASE OF CHINA COTTON URGED Largcr purchases by J apan of Chinese raw cotton are advocated by Tatsuichiro Funatsu, chairman of the Japan Spinners' Association in China. Pointing out that a considerable improvement had been witnessed in Chinese ra w cotton in recent years, 1\11'. Funatsu said t hat the Chinese Government was now dcvotiug itself to improving the qua Iit.y and effecting an incr ease in produclion by setting up the Cotton Indu stry Control Comm ittee. The main task of the committee, he remarked, was to improve cotton seed and lead the Chinese farming people towards better cultivation. Production of raw cotton for the year 1936 was about 4,650,000 (400 Ib) bales, a~ainst 3,335,000 bales the year before. Funlltsu pointed out tha t the Chinese Government had formulated a five-year plan for an increase in the product.ion of ra w cotton, under which enough Chi nese cotton woula be grown to meet the better domestic demand and part of the demand from Japan. Japanese impor ts of raw cotton fl·om British India and t.he United States at present cost about £47,000,000 ( About 11470,000,000). If Japan bought I'aw cotton from China to the extent of 3,300,000 bales the Im~fment would be limited to £30,000,000 (about P300,000,000) or so. China had the intention of s Ullpl ying half t he total !"i\\';. COttOIl requirements of Japan. "It is apparent", says ~h-. Funatsu. "that the Chinese authorities, both political and economic, are of the opinion that the first requisite for the promotion of closer Sino.Japanese business relations js the purchase of more !·aw cotton from China by Jalmn. Under a proposal made by the Chinese authori. ties, t he estllblishment of a Sino-J1llmnese joint raw cotton committee fo r the develolHllent of the raw cotton en terpl"ise will shortl y be effected. 1\loreover, a Sino-Japanese joint cotton s p in ni n~ committee will be set Ul> to foster close cotton relations between the two nutions." Official
f i ~ures
r ecently released by the bureau
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THE COMMERCIAL & INDUSTRIAL MANUAL
of customs show that. Japan led the United States and other countries in cot.ton textiles imports into the Philippines. Of the total imported textiles measuring 9,702,641 square meters, 5,719,307 squal'e meters came from Japan and only 2,704,765 square meters from the United State;;. Philippine foreign trade for April recorded an increase of aPPI'oximately 1'10,000,000 ovel' the overseas commerce for the cOl"l"esponding period of last year. The total trade was !'51,126,334 while that of April of lns t ye!ar was " 41 ,320,958, a difference of P9,805,376. Imports increased from 1'12,910,051 to 1'20,035,· 595 while exports likewise rose from 1)28,410,907 to "Sl,090,739, the repOl·t shows. The United States maintained her lead in the foreign tnule of thC! PhilippinC!s. The commerce of the Philippines with AmC!l'icn was 1'37,840,075, which cons titutes over 50 per cent of the total trade of the Islands.
COTTO~
RAlSE FOR JAPAN? *' The s uggestion t.hat the Philippines undertake large·scale cotton production to supply Japan's mills, was made recently by Charles Edward Russell, American writer and economist, ill an article appearing in t.he Phifippine-A mer icctn Advocate published in Washington. The former congressman.. and pl'ess-agent for the Philippine government declared that the Philippines was capable of raising the best kind of cotton in the world but had been indirectly discouraged fl'om doing so by the United States from whom the country gets most of the cotton goods. Philippine import!; of American cotton goods last yeat· werC! valued nt 11 13,564,911. Russel! said that the recent American policy of restricting production causen the priCe! of cotton to go up forcing JUlllln to buy much of her c<)tton impOlts f!'Olll Bl·aziJ. Zealous of Philippine welfare b,,' said, " Brazil is getting the trade the Philippines mi ght. and should have." The scheme is not a new one. A few years ago the t.hen Consul-General of Japan in the Philippines, Mr. Atsushi Kimura proposed tbe same thing in a speech before the students of the University of t.he Philippines. FOI" t.his he was roundly taken to task by several critics, among them Mr. Rafael Alunan who, among' other things, said: "If we ever grow •
E d i t ori~l : Co mm o nll" e~ l th
I"orthnillht ly. July. 1937.
enough cotton for exportation, it will be futile to expect Japan to pay a higher price than the existinl; prices in the world markets. The fact that the Japnnese interests tell us that Japan will buy our raw cotton is not an assurance t.hat Japanese cotton manufacturers will buy it at the! price that we can afford to sell it, a price which, most likely, will be higher than the rates that may be current at the time." Mr. Alunan called attention to the deplorable situation into which some countries had found themselves after they had permitted Japanese trade penetration. At present the Commonwealth government, through the National Development Company, is pro_ ceeding with the erection of 1>100,000 cotton spinning plant fOl' the purpose of manufacturing cotton yarn which will be used to supply the needs of the home-weaving industr y, the idea being to fosler small home industries. The ultimate objective of the Development Company is to restor e cottcnraising in the Islands which at one time was a pro" perous and lucrative industry. Already areas in V3l"iou~ parts of the country have been planted to cotton. There is no plan to make the Philippines independent of imports of American cotton goods. The objective is to fl'ee the country from its dependence 011 China and Japan for the cotton yarn con:;umed by native home weavers. This is why the National Development Company uelicves that its plans to mnnufacture yam will not hUl't the cotton trade with America. The 110cano provinces alone consume yeal"ly about P500,000 worth of cotton yarn for home weaving. The plan to make the Phili l)pines the supplier of cotton to Japan is an attractive one and is bound to find Sllppolters her e. However, closer study of the matter will reveal that the futUre of a raw cotton trade between this country and Japan is not us promising and bright as it would seem at first blush III the fil'st place it is apparent that Japan is trying to end her dependence on the United State::: for cotton. To achieve this she has vigorously pl'Omoted cotton raising in both J<orea and Formosa and at present is encouraging the cultivation of tb;s impol'tant raw material in Chin'a. There nre afoot gl'andiose plans to make "l\1anchoukuo" a source of cotton. AJso with the same end in view she has been inel'<!asing her imports of this staple from British I ndia. I n 1932 le!;:s than 25 1,1.; of the total cotton imported by Japan came from India. By 1934
PHILIPPINES it was almost equal to t hat imported fl'om the linited
States. Under these circumstances it would be an unfriendly nct towards the United States for the Philippines to mise cotton lor Japan's mills. Furthermore, it would he unprofitable, for the Phil ippines would have to compete not only America but with
other cheap labor countries such as India, China, " Manchoukuo" a nd Brazil.
The scheme would also mean g rea te r importation of cheap Japanese goods in exchange for Philippine cotton, as is ShOWll by the case of India cotton exports have incr eased but so have Japanese ex-
ports of t exti les and other goods to that counttw. !l'his was insisted upon by Japan. In OU1' case, an increa se of imports from Japan would mean further shrinkage in our t r ade with America, eSllecially in textiles. It would prevent t he growth of Philippine i ~dustries which would be unable to compcte with ri(ljculously low-priced Japanese goods. Tn short, we would no only alienate American friendship, but also enter in ~ a losi ng bargain with Japan which may pave the way for her eventual economic and political conquest 0 this country. COMPLAINTS OF U. S. ON TRANS-SH IPMENT OF GOODS ADJUSTED The U. S.-Japanese "gentlemen's agreement" limiting the Japanese expor ts of cotton piece goods to the Philippines to 45,000,000 square meters annually was extended fOI' one year , the State Department announced on July 28th. The extension is until August I, 1938. It was accomplished through an exchange of notes between the State Department and the Japanese embassy July 2 and Jul y 27. Unde]' the "gentl emen's agreement" the Japanese agl'eed to limit Philippine impo);ts of Japanese-made cotton pieeegoods to 45,000,000, square meters in each of the 19:15, with a 10 per cent margin foo' anticipation or carry-over and a limi t of 25.000,000 square meters in an y half-year. This agreement was stl'ollgly opposed by Philppine importers of American goods on the ground that. it failed to limit J apanese-nmdc goods exports to the Philippines Rnd the r efOI'e did not hel p American textile impol路ter s hel路e. Renewal indicated ~eneral satisfaction on both sides with the terms of the agreement. It wa s undel'stood that American complaints of Japanese vio-
317
lation through trans-shipments of cotton textiles from H ongkong have been partly adjusted th ough the efforts of the J apanese Exporters' Association. Officials sa id that in recent months the arrival of Japanese piece goods in the Philippines has been within the agreement's limits and American textile interests are relatively satisfied. It was pointed out that imports of American tex_ tiles into the Philippines actually decreased during the lifeti me of the agr eement. The extension of tbe agreement for another year docs not meet the funda mental objections, which are, that rayon is not restricted and neither are impol路ts of cotton piecegoods from China and H ongkong. Official stati stics show that by the end of June, this year , with one month to go, t he Japanese had exceeded their quota by 11 ,000,000 square meters. Wit h the July shi pmen ts, estimated at 3,000,000 square meters, the excess would reach about 14,000,000 square meter s. In 1936, when the quota agreement was in effect, impor ts of cotton textiles from China ann Hongkong totaled 11,366,505 square meters, whereas in 19'85 such imports were negligible. Imports of ra yon from Japan nearly doubled, increasing from ]3,692.338 square meters in 1935 to 25,618,558 squar e meters in 1936. In this agreement the Japanese engaged to limit Philippine imports of Japanese-made cotton piecegoods to 45,000,000 square meters in each of the two years beginning August 1, 1935, with a ten per cent margin for anticipation of cany-over and a limit of 26,000,000 square meters in any half-year. The wording of t he agreement to limit " Philippine imports" was presumably for the purpose of makillg it clear that imports of Japallese-made goods trans~shipped at H ongkong 0\' other ports were to be included as well as direct shipments from Jap'\n. Limitation of trans-shipments was found more difficul t than had been anticipated, however, as these goods arc imported into H ongkon g by Chinese mer路 chants, ostensibly for the req u ir ements of that market, and re-shipped to Chinese merchants in Manila. The complaint of American textile interests against trans-shipments was voiced before the joint committee of Philippine-American t rade experts at the hearings in Washington last month by Claudius Murchison, president of the Cotton Textile I nstitute. It was pointed out in some quarters that the extension of the agl'eement for another year is a
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THE COMMERCIAL & INDUSTRIAL MANUAL
stop-gap monsul'(! designed to enable intel"csted parties to discuss t he problem morc thoroughly. URGES P. 1. TO RAISE COTTON FOR JAPANESE Charles Edward Russell, \HiLCl' and Economist, in an article appearing in tho.! Philippine.American Advocate magazine, recommended that the Philippines undertake large-scale cotLOn pI'oduction to supply Japan's needs. The former Congl'(~ssman ~aid recent States policy caused the price of cotton to go up and forced Japan buy llluch of her cotion imports from Bmzil. "Brazil is getting the trade the Philippines might and should have", he said. The former pl'ess agent of the Philippine government said the islands were capable of raising the best kind of cotton in the world in great quantities. RECIPROC~'Y WITH P . 1. URGED A plea for reciprocal trade was made by Clau~ dius Murchison, !)resi ent of the Cotton Textile institute, before the joint ommittee of Fili p ino~Amel'_ ican experts. Murchison !laid he sy nwathized with the United St'ltes trade policy, and added Amel'ican ;:Igl'icultul.'e intcrests were justly concerned over the imports of sugar, coconut oil and cocohut products from the Philippines. "If these iml}Orts arc continued, American ex~ portel's are justified in dema nding that the Philippine llml'l,ct for United States exports be maintain_ ed on the same basis," he argued. He pointed out the Uniied SLates was losing gl'ound in the Philippines cotton textile tmde, while Japan has taken the place of America in insular cot~ ton trade. He lold the commiltee that United Slntes cotton goods exports to the Philil)pines dropped to 27,000,_ 000 square meters in 1936 after averaging 66,000,000 in the seven ~'eI\l'S UI) to 1933. MUl'chi!;on nlso said that t he "gentlemen's agree~ ment" limiting exportation of Japanese piece goods to Manila did not achieve its objective because of alleged shi pment of .Japanese goods to H ongkong for J'e!lhipment to Manila in violation of the spirit of the agreement. .Julmnese authorities have been investigating American complaints against this Illleged pructise. i'llul'chison's arguments were reported to have the Support of two of America's most powcrful cot-
ton textile groups. Opposition to early termination of preferential treatment fol' the Philippines as envisaged in an Say I'e-Quezon statement. BU3inessmen favored con. tinuation of the preferential treatment UI) to July, 19<16, or preferably indefinitely. This point was one of f OUl' points raised by Ho. race B. P ond, vice-president and general manager of the Pacific Commercial CompallY, dUl'ing the dis_ cussion to prepare for public hearings here before the American-Filipi no trade ex per ts in September. it is believed that this was t he genera l sentiment among businessmen yesterda y during that luncheon. Three othel' points brought out by 1\11'. Pond include the view that since local business based theil' future plnns on the ten-yea l' transition period, whatever comes in the prescnt negotiations should not be less favorable, that is, that the treatment given the Philippines in the Tydings-McDuffie law can not be changed for the worse if business is to be allowed reasonable adjustment. COTTON S P INN ING .$ Part of the ambitious program of ilHlustrinlizati91l upon which the National Development Corp. is nbw embarki ng is the production of cotton ~'a rn as well as cotton and abaca cloth. There are more than 50,000 active cotton weavers in the entire archipelago. Most of them arc found in the llocos region wheJ'(~ thcy arc said to be best organized; in Iloilo, Batangas, Albay, Cavite, and the Misamis provinces. The vast majority of them depend upon imports for their yarll. They still weave and occasionally spin in the same primitive manner as their forebears used to do, using the slow, tedious, unprofitable method- the hand sp indle ami the hand loom, both of which were know n and employed possibly before the dawn of hi:;toI'Y. The country can boast of not a si ngle cotton yarn mill, although recently a cotton cloth factory was l'c-eslllblished in Manila. Cotton raising has in fact been practicall~' a ba ndoned here. Year in and year out, the Philippines has been illlpOl路ting cotton yal'n and cotton cloth to the tune of millions of pesos, just as it imports millions of pesos' worth of rice, canned goods, including fish wh ich abound in local waters and fro路 zen meat. Stntistics compiled by the Depaltment of Agl'icultu re and Commer ce show that in 1935 cotton was t he p rinci pal import of t he P hilippines. rt amoun ted to P30,599,841 as against t he imJ)ort of irOll and steel, which W!lS second with Jl22,J76,839.
PHIUPPlNES Last year, cot.ton impol'ts took second Ilince, giving way to iron ~md steel, which included machinery and Splll'C parts needed for the cXIHl.nding mining in· dustry. Vcry slight, however, was the margin. Total import of iron and steel was 1'32,031,608; total import of colton goods, 1'30,535,257. From 1931 to 1935 imported cotton goods average 1>30,886,270 a
rcaI'. I NDUSTRiAt. PROS U;i\l
Why has not the Philippines been able to pro-
duce enough cotton to satisfy local consumption, when climatic conditions nrc quite favorable to its cultivation on a commer cial scale? That is precisely what the National Development Corporation is going to find out soon. It is now making spedfica. tions for the purchase of a cottOIl yarn plant together with a loom, both of which will cost J)ossibly 1'700,000 01' 1'800,000, The I)innt will be established in Manila, Working eight hours, it will produce 1,600 kilos yarn a day, The loom should greatly improve the make and ap earance of locally manufactured cloth, Three yeal's ago, follo\'.\ing the enactment of the Vamenta Industrial bill, th~government attempted to give impetus to the production of cotton, For P13,500 it brought a second-hana spi nning machine fronl the United States for expe~imental purposes, with the intention of later acquiring larger mills, The apparatus was in operation ~or about a year, producing from 400 to 500 kilos of yarn a week, Of course, the amount was just a drop in the bucket, since the country consumes over 4,000,000 kilos of yarn a year, AIter a year's operation lind experiment, the machine was put in storage to ru st, According to one report, a former directol' of the 8m'cau of Plunt Industry discovered that the mun handling the engine was not competent, was not producing the desired qUality, and so recommended that the exper iment be stopped, unl!!ss more capable hands took charge of the wOI'k, Upon hearing that the national government was keeping what many Bureau of Plant Industry employees had come to regard as a white elephant, Gov, Alejandro Quil"ol~ico of Tlocos Sur came to Manila to sec the mill with a view to getting it for his proyince. where he thought it could be used to ndvanhlge, However, when he renlizerl the difficulty of running it without nn expert, he gave up the idea, Toda~'. the machine is still waiting for some e)(pert hands to operate it profitably, The National Developm!!nt. Corporntion, Manager Gregol'io Ano-
319
nas says, has no intention for the moment of buying it, MACHINERY NEEDED The cotton yarn spinning machine with 10,000 spindles, which the National Development Company expects to buy within a year, will not be able to lake care of the local demand, says Manager Anonas, The com pany, however, intends to acquire additional machinery both for spinning yarll and weaving cloth, unless some private concern wants to establish such factories here and thus give greater encouragement to the cultivation and production of cotton and abaca, the latter of which, as hal< been demolTstl'llt,ccl by the government, ('an be manufactured into a fin e, strong, silk·like cloth, America hil S 10llg been the greatest cotlon pl'O' ducing nation, lilthough cotton is not indigenous in the Unitcd States, Tn r apid succession she has outstripped India, China, Egypt, But while the United States ranks first in cotton growitrg, Great Britain, holds the title of being the greatest cotton spinning cou ntr y, spi nning a larger Ill'Opol'tion of fine yarns than any of her competitors, Today, thousands of spi ndles and looms for the llUillufacture of cotton yarn and cOttOIl cloth of val'~'ing qualities al'e found in Great. Britain, the United States, German~!, France, India, Japan, and Italy, The latest to compete is Japan, Ever s pul'Ted by the p.etermination to excel in world trade she now threatens to lead all tho:! other compctitol's, Last year she sold far more cotton yarn and printed cotton cloth in the Philil>PiJleS than the United States which for yca l's had s uccessfully dominated the local cotton market, But the Philil)pines need not pour out her mo· I:e~' for fOl·~ ign cotton goods, Authol'ities ag-r!!e t hat cotton can be raised in the islands, Even JH'ogl'!!Ssive and highly industrialized Japan ha!'; realized that and has consistently and I)el'sistentl~· encouraged its production here so she could iml)Ort it, With local farmers producing the cotton, local spindles making it into yarn, and local weavers turn4 ing the yal'll into cloth. the Philippines mar yet develop a sizable cotton indu sh'Y' TR.\Ns-SIIIl'MENTS
FRO~I
HONGKONG
;\IAKE PACT
OPERATION D IFFICULT
With two more months to go as of June 24th, of Jnpnll!!se>made Co.)tton I)iecegood!'; into the Philippincs exceeded the quota by some 6,000,000 square meters, a('col'ding to customs figures, At thc l)l'cs{'nt rate, it i!-< likely t hat the self-
impo~'ts
THE COMMERCIAL & INDUSTRIAL MANUAL
320
imposed limitation on Japllm>sc-madc cotton piceegoods will be exceeded by some 12,000,000 square meters at the end of the two-yell I' period during which the "gentlemen's agreement" is supposed to l"cmuin in forcc. S I)ccial significance a t t..'lchc$ to this situation in view of press reports from Washington that Claudius Murchi son, president of the Cotton Textile Inst itute, appeared before the joint comm ittee of Ph ilippine-American experts a nd showed that t he voluntary agreement did not achieve its objective because of shipments of Japa nese goods to Hongkong for reshipment to Manila. LnllTATION DIFFI CULT
Including trans-shipments from Hongkong, imports of Japanese-made cotton piecegoods into the I slands have amounted to 96,000,000 square meter s f rom the time the agreement started, up to the end 6f May, 1937. I n this agreement, the J apanese engaged to limit Philippine import s of Japanese-made cotton pieccgoods to 45,000,000 square meters in each of the two years beginning August 1, 1935, with a ten per cent margin for antici~ation of carryover and a limit of 26,000,000 square meters in any half-year. The wording of the agreeme\lt to limit " Philippine imports" was presumably fOI~ the purpose of making it clear that imports of Japanese-made goods trans-shipped at Hongkong or other ports were to be included as well as dh'ect s hipments from Japan. Limitation of trans-shipments was found more difficult than had been anticipated, however, as these goods are imported into H ongkong by Chinese merchants, ostensibly for the requirements of that market, and r eshipped to Chinese merchants in !lIanila . QUOTA
EXCEEDED
Imports of Japanese cotton piecegoods in the first quota-year, ended July 31, 1936, amounted to 52,675,000 square meters, exceeding the quota limit (including the ten per cent tolerance) by 3,175,000 square meters. Of the total, 45,148,000 square meters came direct from Japan and 7,527,000 squa r e meters were trans-shipped at H ongkong. On the other hand, the American share of the Ph'ilippine mal'ket fo1' cotton piecegoods in the two years of the quota agt'eement amounted to approximately 60,000,000 square meter s. From this total must be debited something like 15,000,000 squa re meters utilized in the embroidery trade,
which returns its finished products to distributors in the United States, leaving the Un ited States 8 net share of t he Philippine mnrket of 46,000,000 squar e meters in the two quotn.years, less than half of the Japanese total. RAYON
iMPORT S
The IIy in the ointment is rayon, which is not covered by t he agreement. lmpor ts of rayon from Japan in 1936 nearly doubled, increasing from 13,692,338 square meters in 1935 to 26,618,558 square meters in 1936, as a result of the success of Japanese rayon manufacturers in making available fabrics whieh were bright and attractive, thoug h perhaps not very substantial, at prices considerably lower than those at which American cotton goods could be offered, SYCIP URGES U_ S.-JAPAN AGREEMENT REGARDING P . r. MARKET Renewal of an agt'eement between Japanese and American cotton manufacturers regarding the Philippine textile market which is reported being currently discussed in Washington, will redound to the ben1it of both countries, in the op inion of Alfonso Z. SyCip, president of the Philippine-Chinese Genera l Chamber of Commel'ce, SyCip declared that more effective means should be adopted in the next a g r eement in order that it would work out more beneficially for both countries, The so-called "gentlemen's a greement," which has been in operation since August 1, 1935, according to the president of t he Chinese chamber, has many defects which have worked against American manufacturers, On the other hand, SyCip sa id, these same loopholes have greatly benefited Japanese cotton manufacturers. " The present agreement," he sai d, " docs not include rayon. This should be included in the new pact inasmuch a s a great portion of excess Japanese made cotton piecegoods shipped to the Philippines during the life of the agreement has been that of rayon. "The new agreement, in order to be fail' to both s ides, should also provide an effective system whereby indirect or trans-shipments from Hongkong and other non-Japanese ports can be properl y checked, For this purpose, I beli eve the Commonwealth collector of customs should be given the necessa ry authority to hold for release any quantity of Japanese textile goods in excess of the quota. As the agreement operates at present, the local cus-
)21
PH ILIPPI NES w ms authorities are not empowered to hold Japanese textile goods in excess of the quota." The Japanese manufacturers on the whole have tried to live up to the bargain, according to SyCi p, but as is true with any trade agreement., some partics on one side or 011 both sides are bound to go beyond 0 1' violate the spirit of the accord. With a view to giving the Amcl'ican manufncturers a fair break if and when the agreement is renewed, SyCip called UJlon all entities concerned, including the Commonwealth government, to cooperate in the cnfo l'cement of tht! !lew pact. "We owe it to the U. S. manufacturms," he said, "to show OUI' good faith in this thing, especially when we arc in the midst of a campa ign to make P. J.-U. S. trade relations more balanced and equitable. It wo uld be only fail' if we buy more from the United States which is the Philippines' greatest customer."
.JAPAN
SHIPS
TO
PH I LIPP INES
TWICE
As
M\IC H
COTTON PIE CEGOODS AS UN l'rEI) STATES
For the fit'st five months of 1937 Japan shi pped to the Philippines direct, 20,656,581 square meters of cotton piecegoods and 1,620,0!H square mcters tl anshipped from Hongkong, as against 13,112,297 square meters fl'om the United States, about 50 pet' cent of the total for the period of 41,044,439 square meters. Rayon piecegoods from J apan totaled 7,548,439 square metel's fOI' t he per iod. For the first foul' months, customs' imports (liquidations) in square meters follow: Unbl .. <b,d·. lIIucb,J .. D!,J .. Prin,"' ·. S,lL R. yon
J.p.n 8-\I,09S ',lll,1l8 ), ..... S,nl }.66i.l7~
us, 21$,189
l,697,1l2 ~,7S9,l1SI
60),08)
l}.7ll
M....
6,8)9,1)6
16-1,)86
CEMENT INDUSTRY IN THE PHILIPPINES' HILE THE Phil)~Pine. Commonwealth searches high and low for new industries to star t and encourage with a view to broadening the national economic foundation, it should not neglect the established industries, especially if their products do not depend on spccial market:s abroad, Such an indu ~tl'Y is the cement industry. The govel'llment has given it push and impetus u n ti l imported c~ment which once flooded the loc!!l market was (ll'iven away; but t he industry is fast approaching the point of saturution, and the government must not fold its al'ms while it I?uzzles over its own' problems. PORTLAND CEMENT, to be sure, is compaThe J;t'eneral use of cement as a building materatively new Philippine product. It was virtually ria l took place subsequent to the coming of America. unknown during the Spanish r egime when the ma- lmported cement found its way to the Islands !'hortlcl'ia[s for permanent constl'uction!' were lime, sand ly nfter Amcl·ica had established h er self here, and nnd adobe, Old Philippine buildings incl udi ng it continued to dominate the local market until chu l'ches, convents, homcs and culverts were cons- about 1925 when the government went directly into tructed with these materials to which molasses was the business of producing and marketi ng cement, often added fol' greater cohesiveness a nd consist· As earl y as 1914, however, a Fil ipino corporation enee. P I'[Jclicnlly thc only usc of cement on record put up a cement factor y with the intention of at dUl'ing this pel'iod was in connection with the old least sharing the local IllRrket with fore ign cement. Puente de Espana, since replaced by the J ones bridge But it was a futile attempt in spite of the boom World \Vur prices, but !'oome of whose foundatio ns can still be seen 011 Dur in'!' th" wa" period the the cast side of the new span. The natuml cement price of cement in Mani la soared as high a s P21.00 ullcd was imllorted from I taly, and it was a material Ilel' band but the imported product continued to {loMcssing similar 1')1'opel'ties a !' those of the Port- undel'selJ the native product, and ther efore to dominland ct'ment Lut with a consistence of about 30 PCl' ate the local market. cent less. Almost from the l!.tal't the native corporntion was headed for fa ilure, And it was not beeauso ·8J1 S, R . P .. n'":;n. n/ ,l("d'ifl<ll '" Cumpanl'. of lack of capital or business abili ty. A eombina0 ....." . "nd Opnal"". of Rifol Cfm ~n l PntlM/I,
W
JU
THE COMMERCIAL & INDUSTRIAL MANUAL
tion of c.'I.\Ises contl'ibuted to its fate, yet the en路 couragement which the government subsequently gave to the indu stry might have helped a great deuL 'Veil knowll and experienced business men were origi nally behind the fim!. But by 1918 the IactOl'Y had to cease operation. By then, it WlIS partly crippled by the impossibility of securing spare parts for its machinery from abroad due to the Wodd Wat' and by the in-cguinI' and pl'cc;wious condition of world shipping. But most decisive of all the adverse factol's was the competition offered by cheap for eign products. Needless to say, when the factory closed up, the local market reverted back to complete foreign controL The year 1925 marked the turning point in the history of the local cement industry fOl' it was in this year that the government founded the Cebu Portland Cement Company, Even then, during the first two years, the government suffered heavy losses because of its fai lure to resort earlier to the weapons which it later wielded in order to save the firm f"om bankruptcy an~ foreclosure. These were the tariff and the tariff and the flag-material policy with respect to public w~路ks. Foreign competition had brought down the price pel' barrel at beh ... een P6 .19 and 1)11,99, but ~e gove1'llment saved the Ccbu Portland by the enactment of a law providing that in all govel'nmcnt constructions only the product of the government cement factory should be used. Shortly thereafter, the governmcnt also erected a tariff wall around local cement. In 1929, the present manngement revived the operation of the ol d Rizal Cement Factory. It was beli eved then that the government, in going into bu siness, was simply showing the way. \Vhen it had fumished adequate impetus in a line of industrial development, and native capital and management had taken a finn hold by f9110wing in the government's wake, the state, it. was construed. would retire f r om this field and repeat the process in anothe,路, thus fU1'llishing the essential initiative but nevel' itself competing against industrial ventures which it might itself inspire into being and stability. Since the entry of the Hiza] Cement Factory in the field , its influence has bc('!n sal utary. For one thing, it helped to scale down t he price of cement from an av~rag'e of about 1'8.00 when it first marketed its products to the pt'esent level of N.40 per banel, the present price. Strange a s it may seem, this .price is actually lower than the normal
price level that obtains for the sallle product in neighboring countries. Even when the tariff duty on foreign cement was increased in 1931 , and many people predicted that its result would be a substanLial boost in the price of local cement, the down_ ward trend was not halted. Local cement prices today are the lowest in history. Low cement prices have had val'ious favorable \路esults. Building construction has been stimulated. resulting in the creation of jobs for thousands of laborers and ill correspondingly increased real estate tax collection for the government. Instead of the Philippines buying cement from abroad, cellIent purchases have been made locally t hus enabling the counb'y to keep home its gold. The cement factories themselves, in expanding their plants in order to keep up with the local demand for material, have been able to give opportunities for consb'uction and create employment for many laborers. The development of the industry has favorably affected virtual1~ every economic strata, from the government to the common laborer. But a new situation has since developed. While the normal conSUmption of cement is about 600,000 ba r rels a year, the capacity of the two operating cement factories, t he Cebu Portland and the Rizal, There will be, therefore, a is about 40 % more. surplus if both factories are operated in full blast which must be absorbed locally, because cement cannot be exported anywhere, otherwise the industry will be forced to under take a disastrous retrenchment. It has been proposed that the government turn over its cement factory to private management through lease or sale, but th is would hardly solve the })roblem completely. It is however possible t hat government withdrawal from the industry will make for a more natural r eadjustmen t of su pply and demand, since no s ingle factory will then have a monopoly of supplying government construction needs. A more practical remedy may be found in the announced project to build our p rincipal highway systems of cement. Not only will cement roads be more sa tisfactory and more economical in the long run but they will furnish an additional outlet for local cement. This may not only make below-normal operation unnecessary but it may eventua ll y justify a lIew expansion in the industry. In either case, a local product will be assured of n local market, and local labOi' will be assured greater chances for employment.
PHILIPPINES At nil events, it should be obviously a better economic policy for t he government to first save from ruin local industl'ics marketing their products locally before experimenting on new industries with problematical resu lts. This policy becomes a n ob-
323
ligation when the industry to be saved is one t hat government initiative has helped to establish. The government economy, to be thoroughly sound, must have the two-fold aim of conservation of the old and creation of new industries.
SANITARY CANNING AND PRESERVATION OF PHILIPPINE FOODS' LA RGE amount of foodstuffs, whith we have been importing from abroad as indica!;. c\l by customs figures, is the resu lt of the attitude of local capital towards the already fa milial' fiel ds of investment 1n local pl'oduce. It is not the outcome of actua! tria!s in !oca! foo d canning and subsequent fa ilure to com pete with t he impol'ted food stuffs, because of high labor cost, higher cost of pr oduction inherent to adverse local conditions or other_ wise. I rlfl'easi ng difficulties of Philippine EXport cr ops in foreign markets arising from disIUI'bed trading con dit ions, coupled with a large amount of surplus capital seeking investment in local industries a re tUrning the. attention of the people towards the possibilities of producing some of the foreign comestibles that have ound their way in local trading, HE
T
OF TH E COMESTIBLES we are importing only few items of the many which 'figure i n our custpms list, play important role on Juan's dining table. They are sal'dine, salmon, macKcrel, Chinese ham, corned beef, leche condensada, and dried beans. The other items more or less are for people used to occidental cuisine, mostly Americans and Europeans. The first ment ioned items do not even figure regularly in the poor m an' s daily menu. They arc used only on s pecinl occasions and to furnish val·iety. II
The use of canned and preserved stuff is the modern way of regula r izing j'he supply of food ~ n t.he homes. Agricultural conditions a ny where are such that raw material out-tu rn is seasonal. Fish catching is even mor e so. During the ca tch ing season, the sUPllly is abundant and prices are low. Without the facilities for pr eser vi ng the surplus catch, waste is inevitable. The modern sanitary method of presel'ving the excess supply saves a lot of matel'ial which is otherwise wasted. The present wasle going on in our f ish and vegetable industry can only be avoided by establishing here canning f:\ctOl·ies. Thcse nre essential accountrement of our modern life. A weH r ounded economic sys. tem fOl" the Philippines demands their el·ection. No • BI/ :'I1"S"IJ~I. L. nox.,~.
C~lIi'"",,,, Nalij/uol RU<ard Cj/u".il.
conside ration whatever must delay their establishment. In develop ing OUI" food preservation industry, one not Usually appreciated point must be considered. \Ve must cater to our own needs and our own taste. In the making of ham for instance ;-the most populat· kind is t he Hocshiu or Chinese style ham, wh ich is the favorite of Juan de la Cr uz on town f iestas and on other special occasions. Longaniza, tapa, adobo, dinuguan, estopado, all can be presented in preserved form and sold at Ilrices within reach of the poorman's pocket. Many local vegeta ble dishes that can grace any table are susceptible to presen tation in ca nned a nd oLher p reserved forlns . The pr incipal limitation ill the establishmen t of commer cial canning factories is the supply of tbe raw materials. The success of these plants is entirely dependent on the regularity of sup ply of t he raws. T her efore whether a packing establishmen t will succeed or not, much de pends on making any given local pl'oduce sufficiently elastic so that the present market demand for the fresh materials may adequately be met at all timcs, and ill addition pr().. vide a regula r flow to the packing units in quantities that will keep them l'unning at normal capacities. A brief analysis of the situation as to some of the food raw mater inls would indicnte the possibilities in the diffe r ent directions.
324
THE COMMERCIAL
&
Hogs-Government statistics placed the hog population in the entire Philippines nL 2,491,245 bead in 1932, and the number slaughtered at 670,627 head, or approximately Vi of the total number of hogs. This gives t.he pCI' capita consumption of pork at only 2.40 kilos for total ]>O]lUiatioll and less than 4 kilos pcr capit.1. PCI' annum for the adult populatiOll, an exceedingly low figure, consideri ng that to supplement the rice diet, a normal individual shoul d consume at least 24 h:iiograms of meat yearly. This situation suggests onc of two t hings. Either the government. statistics is widely off the mal"l' nnd that the total number of hogs there is much higher than recorded and the numbel' slaughtered, which is from the records of municipal treasurers only include the number of head paying fees, and does not include those slaughtered in the barrios and in the homes, or that people depend a great deal more on fish as a source of their protein food. If the meat-packing plant would begin supplying the meat products being imported, the amount of such meat products which would be processed in the plants would be but a small percentage of the total h og population of the islands. There are well l'ecog nized centers of hog trading to supply the requirements of the City of Manila, where some 700 head come daily, 800/0 of which being slaughtered. Such provinces as Batangas, the Ilocos, Pangasinan, Nueva Vizcaya, and the two Cagayan Valley provinces are principal suppliers of hogs to the City. Packing plants that would handle, say, a total of 100 hogs daily would hardly influence the flow of hogs for the fresh meat trade in the City, while such quantity would very materially take care of the present local demand for processed meat. Considering, however, the fact demonstrated by OUi' Ilutritioll experts that there is room for improvement in the diet of the people in the direction of greater food intake and hence of a greater protein intake, there should be ample field for expansion in the production of processed meat in the direction of those that meet the taste of our consumers; products that would go with the rice diet, including those native dishes relished by the Filil)inos, that are susceptible to industrialization. Fish-Fish has been an important, if not the most important, source of protein food for our population. In addition to the daily catch in diffel'ent fish trading centers, we import close to 25,-
INDUSTRIAL MANUAL 000,000 cans of preserved fish, principally sardines, mackerel, and salmon. These imports are detailed as f ollows: I
.\I.-Im/-U. S. I lb .... ,
ta~;
Jor'o 6 p.
Uoll<d Suru.:
J.p.n ...... S""in
t' ..
2. S.. /_.....-U. S.• 1 lb .....
-con;J'"'' IS·I 2 0 •.
U. S. /., o.b,,,·.
J·r· n
1:.11"
C...
)96,911
lSUZ5
1,)1),98& l,l48.&Cil
"
).S6MU
/\.III, 616.708 7i9,1J4
~
..
'"
1.l81.6il l.nUl)
.
l.lil.9118
}. S.. ,J,.,r-U. S. '" J.poo IS 0 •. (.., K,/"
?'sSM8)
Impo ......
Tot.I. .........• iC<>n.id« Sp.in I lb. nOl w'.
"It",
~
17.76},1l9 H,48}.149
Various estimates have been made of the per year consumption of fish by the Filipinos. In Manila, the estimates placed the amount of fresh fish sold in the city markets at 38,000 kg. which would give a per capita consumpt:or. per year of about 40 kg. Consumption in the provinces would vary according as to whether people live near fishing centers or away from them. Using an average of 40 kg. per capita per year, the total amount of fish consumed by the people of the Philippines can be estimated to be about half a lllillion tons. It is thus seen that fish, as a source of protein, is of a great deal morc importance than meat; and that the total amount of preserved fish imported is but a very small fraction of the total amount consumed . Preservation of fish as a means of saving waste and of presenting an important protein food in a more convenient form to the population thus appears to have a very great field for expansion if the preserved fish could be presented in such it way that the ordinary house wife would find economical to buy t he preserved fish. With proper organization and sufficient volume of production, it would be perfectly possible to offer to the average house wife local material processed in a way that would eater to her taste at a cost she cannot equal if she bought her material from the market and prepared it herself. Sardines found in many fishing centers could be presented to her in that way. We have the Rangus, a cultivated fish, which, as far as the writer knows is a typical Philippine product. would be susceptible to indu strialization and can be presented in many different forms that would cater to the Filipino taste. This fish can be processed in the modern way so that its spines that somewhat mal· its very delicious flavor can be entirely 50ftened
PHILIPPINES and eaten along with the flesh, thus helping in increasing the amount of calcium taken in the food nnd correct an important deficiency in our diet. l'eget.able Food Prel)aration-Prcparution similar to pOl k and hMns, using soya beans which grows well in this country, and a locally grown habi_ l,:hueias known as " Panubigan" benn, can also be presented in canned form. Numerous other preparations can likewise be made from local materials.
325
In conclusion, it llIay be stated that development along the lines suggested will 110t onlX offer gl'cater convenience to the mass of Filipinos in supplying them with needed comestibles, but will also avoid present wastes of raw matednl. It will establish loca l industries that will give wOl'k to thousands of idle hands and thus help ill the improvement of the living conditions of the people and translate into reality the government's progl'am of social justice,
DEVELOPMENT OF THE PHILIPPINE BEER INDUSTRY HOi'!'I A MODEST BERR and ice factory with 0 tolal capital of 1'180,000 to 0 huge in'dustl'ial enterprise with a poid~up capital amounting to PS,700,000,00, the market value of whose shares very much exceeds that sum, and owning an I opzratillg, besides the brewcry plant (which has been g:rently enlarged and constantly put up-to*datc), the Royal Soft Drinks Plant, the Magnolia Dairy Products Plonts, Ice Plants, ~old Stol'o";e Plant, Yeast Plant, Liquid and Solidified Cal'bo Dioxide Plant, etc" is the ama;'.ing growth of the San Migucl Brewery, The Brewcry was founded by Don Enrique Maria Barl'etto de Ycaza on Sep tember 2, 1800, on a lot adjoining the Maiacanang grounds on Aviles Street, after the brewing monopoly was granted him by the Spanish Govcrnment on March 4, 1890, T he plant was operated partly os a brcwery and partly as nn ice factory, the beer production then being 3,600 hectoliters (the present capacity is 60,000 hectoliters) yearly,
F
THERE ARE ABOUT 1,000 PERSONS employed in the offices and plants of the San :Miguel Brewery, not including those who are reti,'ed or r e* ceiving monthly pensions from the Brewery un account of old age or physical incapacity, The industry is a permanent and important 90urce of revenue to the Philippine Commonwealth and an economic asset to the people. The total taxes paid to the Government, including licenses collected fr om dealers and retailers, amounts to over one路half million pesos yearly, As may be seen from the fOl'ej:!oing, a good Jlor路 tion of the yea rl y profits of the San Miguel Brewery has been re路invested in the PhHinpines by the erection of new plants and the acquisition of plants owned hy other persons or entities", JAPANESE BEER FACTORY THE establishment of a large Japanese b':!er factory in Manila by the Dai Nippon Beer company of Tokyo has been announced in connection with the arrival of a Mr, Suzuki a n expert. The proposed factory will have a capacity of 100,000 cas('s annually, about one-half of the consumption in the
PhilipP'ines, to be capitalised at yen 2,000,000 or around t>1,320,000, As Reported--it is the plan of the people backing the p r oject to operate the facto r y in conjunc. tion with the Mitsui Bussa n Kaisha besi des inviting local capitalists to su bscribe to one-third of the capital. The growing market for the pro(luct is not the single objective of the Tokyo company; t he monopoly of t he export trade with Formosa which has a yea rl y consumption coml,arable to that of the Philippines is being watched by the officials of the two companies, Most of the equipment for the fa('tory will be of Japanese make, likewise, raw materials and bottles will come fl'om Japan, The amount of Y60,OOO r eported as having been appropriated for the purchase of the site and other miscellaneous expenses, Pn OT EST A'M' EMPT TO RAISE DUTY ON BEER
Representatives of the local Japanese Chamber of Commerce have presented their opposition to ~l).e ii -crease in duties on beer coming from Japan, The increase is contemplated by the National Assembly,
THE COMMERCIAL
326
&
The Japanese contend that locally manufactured beer has nothing to fear from Japanese beer as figures showed that the main danger lies with beer imported duty free from the U nited States. It was shown that the importation of American beer has
INDUSTRIAL MANUAL increased as follows: In 1934, 101,000 hectoliters; 1935,253,000; and during the fil'sf half of the current year, the importation of Amcl'ican beer has already reached the amount of 369,000 hectoliters.
COFFEE: A MINOR PHILIPPINE INDUSTRY' ORE AND MORE people in this country aloe getting to be "coffee conscious" every da~·. It is not unusual for some folks to eirop in a t their neighbor's now and then "for a cup of coffee." The only funny thing about it is that the coffe~ served almost always comes from one forcign country or another. And to think that not so lone: ago the Philippines boasted of a colfee illdttstl'y that ranked fourth among Philippine industries! Then we exported coffee to foreign counNow the situation is reversed-it is we who do the importing from foreign countries.
M tries.
NOW LET'S SEE HOW ALL THIS CAME ABOUT. Coffee was introduced into the Philippines from Brazil in 1740. Legend has it that a Francis· can fria r was resPoll'Sibl\ for its propagation here, especially in the province of Batangas Shortly after the [I'iar's death, co fee became so popular among the Batanguenos that in foul' years' time, about 25 per cent of the total area of Lipa, Batangas, was covered with coffee lantations. And by 1779, practically every town in Batangas yielded enormous quantities of coffee, enough to l\upply the entire country with the commodity. During the latter l)8rt of the Spanish l'egime, and even during the early years of the American occupation, Batangas had been the leading coffeeproducing province of the country. In the nineties, the coffee industry ranked fourth among Philippine Industl'ies, being next only to tobacco. Available statistics reveal that coffee covered 7.7 per cent of the entire value of Philippine exports in 1888; 7.1 PCl' cenb ill 1889, and 7.4 per cent in 1890. In 1886, 7,136,303 kilos of coffee products valued at PI,354,547 were exported to foreign countl'ies, es~ pecially Spain and the United Kingdom. Two yeal'S later, the exportation was recorded at 6,389,253 kilos valued at P2,033,097. The yeal'S between 1880 and 1900 were the "boom" year s ill the coffee industry. Due to the wholesale devastation of coffee plan. tations in Batangas and in other provinces by pests and diseases, at the onset of the twentizth century, the industry suffered a slump.
Two vital facts stand out to show that Batangas once enjoyed great prospects due to the cClffee industry; to wit: 1. The big old buildings, all of strong material!:', still standing in the town of Lipa. 2. The statement of Dean C. Worcester at a banquet honoring Governol' William H. Taft atJ..i· Ila in 1901, to the effect that when he visited the town in 1887, he found signs of prosperity all around. While on his way from Batangas to Lipa, he met hundreds of buIl carts full y loaded with coffee products. As paper bills were very scarce in those days, sacks containing Mexican pesos could be se~n piled in the corners of houses. In 1909, the Philippine export of coffee totalled only 1,454 kilos valued at 1'1,138. Two years laber, the exportation was I'ecol'cied at 610 kilos valued at P576. In 1935 and 1936, only 1'332 and PI 68 wor th of coffee products, respectively, was reported by the but'eau of customs. While a great decrease in expol·t and production was noted by the bureau of commerce, an unprecedented rise in the impoI·tution was likewise noted. In 1910, 1,150,928 kilos valued at P558,988 were imported by the Philippines, mostly froUl the United States and Hawaii. In 1925, the importation was 1,678,994 kilos valued at 1'1,737,180. Again in 1936, 3,712,829 kilos valued at Pl ,302,200 were imported. The annual average production of coffee during the last ten years is 1,205,770 kilos, and the avel'age importation during the same period is 2,612.988 kilos.
PHILIPPINES According to Jose Camus, then director of plant inrlusl:Ty. the inferiol'ity of local coffee products to the impol,ted ones may be attributed to the short dry scason. The Robusta type should be planted at an altitude of 450 meters to 1,000 metc,'s with a rainfall of 2,000-2,500 mill. of even distribution. And the Liberian t.;,'pc !:'houJd be I)ianted from sea-level up to 700 meters altitude, preferably whel'(~ there is an c\'cn distribution of minfaU, but it wili do well also where the rainy and dry seasons arc distinct. Presently, the national govern ment is confronted with the problems of reviving the one-time prosperous coffee industl'Y. Although Philippine coffee is no longer quoted in foreign markets, it is advisable fOl' loca! produccrs to s uppl y !oca! demand, thCl'cby discouraging the st.eady importation from abroad. As steps for t he eventual r evival of the industry, the bureau of plan industry in 1934 made the following recommendatio ns: 1. Coffee should be industrialized to t he extent of satisfying local den,m nds. It is doubtful whether the industry can stand competition in fOI"eig"n markets. 2. In order to increase cof~ee production, it is advisable tha t the government should inaugurate a campaign Oil (a) greater heckrage for coffee; (b) better orchard management, especially in the control of pests and diseases; (c) improvement in the prepa1'ation of the r aw product f or the market, (d) the plantin'g of the sa me Variety for certain region in ora cl' to have uniformity of products; and (e) the standardization of their produqts according to grade. The preparation of the raw product from the time it is harvest ed until the time it is r eady for market is easy to learn ])rovided th e producer is 'patient in the system. Dr. F . T. Adriano, fonnedy of the bureau of plant ind\lstr~', and now tcrhnica t di r ectOl' of the San Miguel Brewery, wrote in an issue of the Philippine Magazine: " The most important consideration in the production of high grade coffce is the determination of the proper time of ha r vesting. Only ripe berries should be picked. The g reen and hAlf ripe ones should be left on the trees to ripen. The berries should be pulled off carefull y, taking care not to injure the nodes, a s otherwise the future bearing qualities of the trees will be seriousl y affected. "After the belTies have been harvested, they should immediutely be run th r ough a pulping ma-
_ _ _ _ _ 327
chine. An ordina l'Y J> ll!pin~ m3chine is essentially a cyl inder provided with blunt projection. It is a common practice and a wrong one to leave recently invested berries to sour a few days befor e pulping. This practice ol'iginated with tt>ose who pick coffee beans while still half-ripe and the so-called souring process is really a method of forcing immature berl'ie:<: to soft(>n in 01<1(>\ to effect an easier separation of the pulp, but l\ very poor quality of the bean is obtained. "The pulped bea ns are collected in fermenting vats which arc u s ually made of wood or concrete. During this fermentation process, great skill and care is necessary, otherwise putr ifaction results . The pulped coffee should be allowed to sta nd in the fermenting val. for from 24 to 36 hours after which time it is thoroughl y washed in clean water so as to remove the skins and t he skinny material, leaving only the clean, silvery-white, parchment-like covering of the bean. The complete removal of the saccharine slimy matter is necessary, otherwise the subsequent drying of the beans will be less l"apid and usually a very inferior product will result. " In the drying of coffee, two methods are usual ly followed: (a) the quick-dl'ying; and (b) the slow-drying method. I n the quick-d1'ying process, pel"forated iron plates are used. The beans are first dried at a temperature of about 100 degrees Centigrade for 12 or 13 hours, after which the temperature is reduced to about 60 degrees cen tigrade and the drying process continued for another 12hour period. In the slow proccss, the beans are sun-dried for from 4 to 7 days, afte r which the drying is finaJl~' completed in a hot air drier. "The dried coffee is then cleaned, graded, sacked and weighed I'eady for shipment." VITAL STATISTICS ON I'!llLlPJ>[NE COFFEE (o.t. F.,";,6<J -IJ S'.ti",,, Dhi,i". /11$"'.'''''& c..".,,,,) P,od"",ion P,oduction To,,1 To .. 1 u.s. F",«&n 1,"1"'''' IblporU "_ porI> 1'"1"',1$ (11t.» (, ,) (tit.» (pm ) (,'m) ("m)
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(a) Thc raising of disease and draught resistant. varieties of coffee which a r e inferior tu the kinds of coffee w(> im por t fl"om the United States and Hawaii; (b) IIll]H'O])er way of harvesting the
_ __ _ _THE COMMERCIAL & INDUSTRIAL MANUAL
328
crop resulting in the mixture of immature berries and ripe berries; (c) Lack of proper grading of coffee berries; and (d) P oor preparation of coffee seeds for sale in the mal keto The Philippines can still produce coffee on a big commercial scale as she used to during the Spanish rule. We have sufficient lands tOl' growing coffee. Diredor Camus slated sev.!.al yea,'S ago that only about 6,000 hectares of lands should be planted to coffee to meet local demand. S. Youngberg, former director of agriculture,
classified the types of coffee suitable for growth in the Philippines as follows: "The Arabian type commonly grown in Brazil includes several species or varieties such as the amarilla, mal'agopipe, ieococarpa, intermedin, augus· tifolia, etc., and the varieties 'Bourbon' and 'Orio· la' are commodity grown on a commercial scale. The Robusta type includes the Quillou, the Congo, the Urganda, the Canephora, the Bukobensis, and the Robusta proper, while the Liberian type includes the Excelsa, the Abeocuta, the Dybouskii, and the Liberian proper.
PHILIPPINE FISH INDUSTRY' HE
EST I ~:[ATED
population of the PhilipT·ines for 1931 was 13,385,400 people. It is I!stimated that the per capita consumption of fresh fish in the City of Manila is between 1'0.025 to 1'0.05 pe' day. The amount of PO .02 is a safe assumption of the per capita COI".iUmptioll of fish pc). clay throughout the Philipp .nes. On the average, therefore, a person consumes fresh fish to an amount of 1'7.30 annualy. From this, a total annual consumption of P97,· 713,420 for the entire Philippirl'es in 1;31 can be reached. I t is estimated that the hilippines ha9 a pel' car ita consumption of 71.176 kHograms of fresh fish per year or a total annual consumption of 952,719,:.:30.4 k1lograms. In spite of t his, however, the Phil· ippines is one of the largest, \f not the largest, hu I>orters of sardi nes and salmon.
T
OUR AVERAGE YEARJ!,y IMPORTATION Philippines is very high (71,176 kg., U. S., 6.0 kg., of canned sal'dines from 1912 to 1932 (21 years) Japan, 15.9 kg., England, 15.90 kg. and 13.20 is Pl,1l6,155.00. Our average yearly importation of kg., Canada), the fish production is vel'Y low canned salmon for the same period is 11861,989.00. (only over 2,000,000,000 pounds against 5,000,· Our average yearly importation of canned mackereb 000,000 pounds in Japan). This state of affairs is hom 1930 to 1932 (3 years) is 11171,516.00. The aver· not due to lack of fish in OUl waters nor due to age yearly importation of canned fish from 1912 to lack of fishing grounds, but for other reasons. 1932 (21 years) was 1'2,007,409.00. In addition, we While in Japan 1,483,000 persons were engaged in import yeady 1)295,215.00 worth of canned fishery fishing in 1931, only 1,000 licensed fishermen are During the same products like shellfish, oystel's, etc., and P604,897.00 registered in the Philippines. worth of dried, s moked or cured fish . Aside from years 361,000 fishing boats were in operation in of!4 shore and deep.sea fishing in Japan, while in the the above, the Philippines imports yearly 1'81,806.00 worth of other fishery and fish products. The most Philippines there are only 150 such boats. Another lamentable thing, however, is that despite our ncar· important factor for the low fish production in the ness to the supply we still import yearly an amount Philippines is the inadequate capital illvested in of 1)30,618.00 worth of fresh fish . The average fisheries. It has been estimated that Japan has (wei' yeady importation of fish anrl fish products in the 48,000,000 pesos invested in fishing boats and fishPhilippines from 1901 to 1933 (33 years) is 1'2,4 ing appliances, whereas hardly 2,000,000 pesos ha5 been invested in the Philippines for boats and ap· 343,015.00. Such a high importation of fish and fish prod. pal'Utus for catching fish. We can thus see that fishing is one of t he in· ucts in the Philippines is accounted for by the fac t that while the per capita consumption of fish in the dustries of this country which has not kept abreast with the times. In former years, when our popula• lIy H'LAfIlO A . RO);Aa tion was small, our primitive, ineffective and time· Chif/. Pi6h ~"d G"m~ Admi'''''''''lIioll. Buc<au 0/ Scitnu
PHILIPPLNES consuming methods of catching f ish were apparently sufficient, although the activities of our fisher· men were confined within our shallow waters and inland lakes and rivers. As our population increase~ und the consumption of fish has multiplied, these methods and these fishing grounds became extremely inadequate. The old fishing implements like the daIa, salambao, bobo, sarep and the like which are not only inefficient, but also destructive should be diswrded. Mor e effective a nd modern fishi ng gear like the beam trawl, otter trawl, purse seine and the like used in deeper waters where the grounds have not been exhausted t hrough years or centuries of constant fis hing will lead to the stabilization of our fish supply. While fish is abunda nt along our coastal towns, our inland towns are in di r e need of fresh fish and subsist mostly on canned or dried fish food. T hey arc now linked to our coastal towns with good roads and t:·ansportation faci)~ties are now sufficient to take care of a moderate traffic in fish from the shores to our most remote barrios and sitios. With more attention to refrigeration as well as to better methods of fish handling and preservation, we should be able to supply inland regions with the necessary fish commodity. Some of our bays, lakes and rivers fonnerly teeming with f ish are now practically depleted. This is primarily due to a lack of knowledge in lnatters affecting the proper ways of conser ving our fish resources and due to the indifference towards r ules and regulations that prevent depletion. T hese bays, lakes, a nd rivers may, however, be rehabilitated and restocked, if there arc enough men and if ther e i$ a gover nment en tit y t hat can d.i rect such en· deavors.
329
I n the development of the fishing industry of the Philippines, the problems of proper fish hand· ling, transportation and preservation are most ne· cessary, needing immediate attention. Proper care should be given the fish soon after they are caught so that they are not unnecessarily mushed up or broken into pieces as a result of improper handling. Efforts should be made to keep them in as natural estate as possible. With the high humidity and high temperature obtaining in this country, fresh fish spoil rapidly. More attention, therefore, should be given to rapid modes of transporting newly caught fish from the fishing grounds to the market. In some instances the market is situated quite far. In such cases, refrigeration pla nts and fish preservation plants should be established. Modern and more sanitary units for preserving fish as salting, dry. ing, smoking and pickling should be started in places where there arc superabundance of supply. Canne· ries, as well as factories for the manufacture of fis h by·products like fish meal, fish oil, and fertilizer, should be introduced. To induce the people more and more to take advantage of our deeper waters and to focus the attention of our fishermen to more lucrative, as well as efficient and economical, methods, a central body in the Insular Government should be created to accomplish two fundamental objectives; namely to place the administration of our fishery reso urces on a basis of establ ished facts and to coordinate the management of the various fishing enterprises, so that all shall be wisely and har moniously developed, avoiding the promotion of any of them to the detriment of others. F inal decision of any point of polic~', of course, must be reached by duly constituted, legislative and a dminist rative, authorities.
GOVERNMENT ACTIVITIES IN THE PROMOTION OF PHILIPPINE FISHERIES' Importan ce of F is hin ~ Industry HE F ISHERY indu,;try is too important to be overlooked by mentors of our Government when
T
they formulate the program of "economic pla:lning" to make our country self-sufficient. This indu str~' is one of the main sources of the w ~al th of the Nation. Our coast line is more than twice that of the United States; obviously fishing banks are numerous and extensive. Near· Iy 1,800 species of fish, most of which are e:lible and abundant enough to be of great commercial and indu strial significance arc known to occur in the waters of the Philippines.
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• BII DEOORACU... \ '.
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))0
THE COMMERCIAL & INDUSTRIAL MANUAL
AN IMPORTANT FACTOR which makes the fishing industry essentially valuable in the life of the Nation is the fact that the local demand for hesh and preserved fish is still greater than the prescnt supply. This means that there is still a great opening fOl' the development of the industry, especially the production of morc fresh fish. Nine-tenths of the nearly 14,000,000 inhabitants of the Philippines today arc known to consume fresh fish to the value of at least rlGa,OOD,OOO annually. On top of this we import (mostly from the United States) fish and fishery products vulued at approximately 1'2,500,000 annually.
On the other hand, we should not forget the fact that industrialization has an exhausti ng effect upon natural resources. As trustee of these rich and valuable aquatic sources of wealth, it is our sacred duty to the 'ation to see to it that they are judiciously utilized, pl'otected, and conserved without endangering the future supply, GOVERNMENT INTEREST
Evidence of the Government's interest along the line of fishery technology became manifest as early as 1907, when the Bure~u of Science engaged the services of a fishery expert from the United States. The first concrete government policy relative to the program of work fo be pursued in the development of our aquatic resources was promulgated by the Bureau of Science! in consultation with Dr. Hugh M, Smith and oth er fishery experts of the United States Bureau of Fisheries who were then hel'e on an exploration of the marine fauna of Philippine waters. Tn 1921 the Division of Fisheries was created in the Bureau of Science to lend further encouragement to our fishery. work. Tn 1926, Act No, 3307 was enacted by the Philippine Legislature for the purpose of strengthening the Division of Fishel'ies, In 1932 Act No. 4003, known as Fisheries Act, was passed, A sum not to exceed P100,000 a year accruing from the money collected under this Act is to be set aside for the promotion of the fishing industl,y. FISH AND GAME AD~I1NISTRATION
Finally, 011 February 1, 1933, the Fish and Game Administration was organized as a separate and distinct Division of the Department of Agriculture and Commerce by virtue of General Memorandum Order No. 4 of the Secretar y of Agriculture and Commerce and in accordance with section 38 of Art ~f), 4007, also approved on Decembel' 5, 1932.
That organization took over the wOI'k of the former Division of Forest Fauna and Grazing of the Bureau of Forestry regarding wild animal life conservation and fishponds on p uhlic domain and that of the Division of Fisheries and Zoology of the Bureau of Science. The new Fish and Game Administration operates under the pl'ovisions of Act No. 4003 (the Fisheries Act), and Act No, 2590, as am'i!nded, entitled "An Act for the pI'otection of game and fish." For certain reasons the Fish and Game Administration Office of the Department of AgI'icultlll'C! and Commerce was placed under the Bureau of Science by virtue of Geneml Administrative Order No. 1路6 of September 17, 1934. CONT1WL OF F ISHERIES Section 16 of Article IV of the Fisheries Ad divides fishel'ies into (a) insular, (b) municipal, and (e) reserve. Due to the geographical location of the more than 7,000 islands composing the Philippine Archipelago, most of the fishel'ies are under the administmtion of the different municipalities, The insular government which shoulders the expenses fOr the p'l'omotion and improvement of the fishing industa,y and which has the necessary trained technical men to do the work of fisher)' research and investi~ation is, in most instances, powerless to prevent wasteful and destl'uctive methods of exploitation of our aquatic resources because of the dual authority over municipa l fisheries. A centralized control and administration of our fishery resources is the best remedy for the apparent anomalous situation, FISH
FARMS
In spite of the foregoing difficulty, the Insular Govel'nment did not lose its interest in lending help fot' t he promotion of the fishing industry. Instances of this are many, among which may be mentioned the following: (1) The Department of Agriculture and Commerce established on May 24, 1931, a ten路 hectare model bafigos-fish farm at Hinigaran. Occidental Negros, with the aim in view of inducing the proprietors and landowners in the Visayas to engage in f ishpond enterprises. (2) The project of showing the people how to produce better quality of preserved fish and fishery products was started early in 1927, when the Estancia Fish Preservation Station, located in one of the richest fishing centers of the Visayas, was established, Due to lack of funds, this station was closed for a time, but reopened on October 15, 1934, under the charge of a ranking member of the technical staff of the Fish
PHlLIPPINES and Game Administ.'ation of the Bureau of Science. R(:alizin~ further the impOI'tlUrec of a policy to bring the Government to the people through extension work, another Fish Preservation Station was opened on July 31, 1934, in Catbnlogan, Samar, also an important fishing center in the Visnyns. (3) The
Insular GOVCl'nment introduced remedial and regulatory measures to protect young and breeding fish from unnecessary destruction to conserve the fisheries. Thus Fish and Game Administrative Order No.3 took effect on l\Ial'ch 9, 1935. This regulatory measure was to protect kandilli, (laiug, and bamako RC!gulntions to protect the ipon industry of the 110cana provinces have been in existence since 1924; these were amended in 1935, to protect and conserve the ipon fishery more effectively. FISH. COLLECTION
Philippine ichthyolo,(y which is the fundamental basis of fishery work has not been overlooked by our government. The fish collection of the Bureau of Science now contain;> identified specimens representing no less than 1,700 distinct species, a large number of which, being abundant in Philippine waters, are of great commerdal importance. The largel' forms of economic crustaceans are represented by about 100 species in the collection of the Bureau of Science. The ecopomic species of sponges, corals, trepang, oysters, button shells, peral shells, etc., have also been studied and are now being given more attention and consideration. The biology of fishes, mollusks, crustaceans, and other valuable aquatic animals has of I'ecent years been given due attention because of the need Cor the formulation of pl'ograms of conservation of supply, protection of the young and breeders, rehabilitation of depleted fisheries, and the propagation of those that could be raised in ponds, lakes, and other sources. FIS Ii ING I NVEST IGATION S
Investigations relating to the methods of fishing employed in our waters have likewise been looked into to the end that regulatory and remedial measures be formulated to protect the young, immature individuals as well as the spa wnel路s. The ultimate objective of such studies is the conservation of the supply for the benefit of the industry. Fishing banks have, to a certain extent, been surveyed and investigated. But a more thorough and systematic study of our fishing areas should
be pushed to the fullest extent so that suitable methods of fishing, without endangering the present and future fish supply, might be recommended to the fishing population. Sources of water pollutions have also been investigated to the end of pl"{,venting the pollution of streams and other bodies of water which prodUce \'aluable kinds of fish. PRODUCT IO N OF NEW SPEC IE S
The government, through the Bureau of Science, in or about 1928, introduced ornamental species of fish in Manila. The result was a "craze" for tro~ pical fishes and balanced aquaris among all classes of people in the Philippines. Now, the aquarium and Ol"na mental fish have provided lucrative business and healthy form of recreation to a good many people. In order to ~atisfy the crying need of the people in Camarines Sur and other parts of the I slands for more fish in their lakes and str eams, cal'p were introduced here in 1915 and in 1925. Now, we have plenty of carp which may be bought at low cost so that poor people are provided with inexpensive protein food. In 1927, gourami was brought here from Java, also for the purpose of providing more fish in the inland provinces of the Philippines. After eight years of t rial, this fish has given satisfactory result with indications that it would help materially in the diversification of inland fish farming. Investigations and studies conducted bv the Bureau of Science in the al路t and science of bangos farming or cultivation have greatly helped in the promotion of the more than 45,OOO,OOO-peso worth of OUI" local bangos industl路y. F I SHING METHODS
The Bureau of Science is now conducting a scientific and systematic method of I'aising oysters in Hinigaran, Occidental Negros, and in BacoOl" Bay, Cavite. Results of tests and experiments are already promising and indicative of far-reaching effect in the enhancement of this valuable mollusk industry. Plans arc being la id out by the Bureau of Science to penetrate into the question of raising mullets, shrimps, and crabs in ponds to increase the supply of such table delicacies. Seaweed is also being looked into and industrialization of this illlpol"tant aquatic resolll'ce will be encouraged by the Government.
332
_ _ _-= T"H"'E COMMERCIAL & INDUSTRIAL MANUAL FISH PRESERVATION
One of the greatest needs of today is the improvement of the native-methods of fi sh preservations, such as salting, mild curing by brine solution, fermenting, pickling, marinating, etc" as well as the evolution of better ones. The need fo r finding means to develop industries using fish by-products in the manufacture of fish meals, fish f ertilizers, varnishes from f ish oil s, medicinal emulsions from liver oils, pearl essence from fis h scales, isinglass from ai r.bladders, ere., is likewise an important part of the pr esent program of industrialization. Last. but not least, t here is the need for improving t he method of refrigeration so that the supply of fresh fish may be continued the year round. Such acti. vities in fish preservation a r e also touched upon by the government in introducing impl'ovements to our fishing industry. Thus in a "nutshe,ll," I endeavor to picture what has been done in the interest c,f the Philippine fish. ing industry. At the ,nd of our Commonwealth Government, we might lo'bk back in retrospect and see what progress has been made in our fishing in. dustry and judge fo), ourselv.:!s the accomplishments along this line of making t he Nation self-sufficient . PARAKAQUE'S
FIS H
I NDUSTRY
The fishing and dried fiSh industries of Pal'afiaque and Las Pin as, Rizal, a r e contributing about PIS,OOO yearly to the treasury of t hose municipali. ties in the form ofi taxes and license fees. Fishing by corrals is fast disappearing as it holds no prospects for the owners. Fish cOl'l'als are fast giving way to the "Sapyao" method. According to those familia)' with the new system, a P2,OOO capital to sta rt with is s ufficient. Fi fty pel' cent of t his investmen t goes to the cost of fishing nets and the rest for bancas, motor boat and other necessa r y equipment. The "sllpyao" fishing system has given employment to many pe l'sons in this province. East " Sapyao" is actually also profit by the new industry. Big banca s arc needed as equipment a nd since five of them are being made at a time, a considel'abl e numbp.r of workmen arc employed. According to Juan Perez, a banca maker, he has sold 30 bancas at PISO each. A lal'ge volume of business is transacted whenever ther e is a good catch. A basket of fi sh costs f r om lIS to Pl2. The dried fish industl'Y in the municipaJitie~ of Pal'afiaque and Las Pinas, introduced in 1936,
looms as one of the major occupations of the people because of the increasing demand for the product. Several fi sh dealers r ealize the great possibilities for the industry and under the leadership of Cornelio Rivera, they have formed an association to conduct the trade in a modern way. This association will soon apply for registration at the Bureau of Commerce. At present, there are nineteen dried fish dealers in Para naque and eleven in Las Pinas. Each dealer has a capital of from P2,000 to '15,000. According to MI'. Rivera, an average of 1,000 boxes of dried fish is sent weekly to Manila and nearby provinces. During exceptionally good season, about 1,500 boxes arc sent to the city, Mr. Rivera declared . An average of twenty men is employed by each dealer in preparing t he dried fish for the market. I ncidentally, the new industry has helped minimize the unemployment situation. PHiLiPPINE BUTTON PRODUCTS Submarine products that abound in Philippine waters have given ri se to industl'ies that deal in expo l路t and at the same time answer a sufficien t supply of domestic demands. Pearl s, buttons, ornamental lights, sponges, panes are well-known abroad. ThesJ products, however, al'e only secondary to fishing which is a vel'y big source of wealth f or the people. Buttons and ornamental lights are munufactnred by the Manila Button F'actory aside from two othel' firms in t he city of Manila. The factory located on 123 Beata, Pandacan is managed by E. Viegelmann, who maintains a big sales r oom and The unpretentious office on Dasmariiias street. [ actory and shop in Pandacan is valued at P120 ,OOO and has a daily lu-oduction of buttons and similar shell articles valued at Pl,OOO daily. It employs one hundred laborers and two technical men, one an engineer and another a SUperintendent_ Philippine exports in these products reach the huge amount of over a hal f million pesos annually, most of which is absorbed by the United States. The Manila Button factory alone ha s a share of thi s trade amounting to ovel' Pesos 1pO,000.00. WILL NATIONALIZE FISHERrE s
The nationalization of the fi shing industry in the Philippines, in order to coordinate the F isheries Act with the provisions of the Constitution. has been proposed by Assemblyman Francisco Celebraclo, of Cu mn)'ines Sur, in a bill he fil ed with the
PHILIPPINES National Assembly. Under the provisions of the Fisheries Act, a fisherman's license may be secured by a citizen of II foreign country if tbe country has laws which grant similar rights to citizens of the Philippines. This proviso is sought to be eliminated in the Celebrado bill. The Constitution, according to the Camarines
333
Sur solon, provides that "all natural resources, their exploitations, development, or utilization shall be limited to citizens of the Philippines ... " His bill, he said, merely tries to put into effect a Constitutional mandate. The bill further lImends the Fisheries Act by providing that only licensed fishermen can be employed by bOllts licensed under the act.
FOOTWEAR INDUSTRY IN THE PHILIPPINES ' IRST AND FOREMOST among the problems of t.he foot.wear industr y in the Philippines is the shortage of skilled labor. This is the major problem because, at this stage of the development of the Fili l)ino people, they have become more exacting in their demands for quality and style excellence in their wearing apparel including shoes, and these demands can be met only by Lhe employment of the most skillful labomrs in the different industries catering to the dress needs of the F ilipino public.
F
ONE DEPLORABLE ASPECT of the Philippine situation, however, is that the tastes of the peopit' improv(> more rapidly than do their industrial and vocational skill. Industr,ial development has not keep pace with eJul'ational advance. This accounts for the faC't that many of om people still prefer thc skillfully made, finely finished articles made by expert laborers l'Ibroa9 to the clTUdely finished commodities manufactured locally. The raising of the standards of local products, including footwear, to t.he level of those imported is, therefore, a major problem upon the solut.ion of which will depend in no small measure, the success of local industr~es. I n the footwear industry, in particular, this problem is in d ire need 6f solution. The local footwear factories are shor~ of technically trained men and have contentcd t hemselves with 'funderstudies" and "cobler s" picked up from the ranks of the unemployed. Unless t hey can have the services of competent hands, these factories cannot hope to compete favorably with footweal' importers in the local market. The local factorie s have to take in men uninitillted in the trade as apprentices and before any factory can expect really expert service from them, it has to spend a lot of money and time training them until they gradUate to the category of skilled shoemen. Another problem, however, springs up as soon flS such men bccome skilled in the trade. The ordinary footwear factory usually pays low wages to apprentices commensurate with their as yet
unproductive capacities. But after years of training, the apprentices, upon becoming skilled usually demand a higher price fo r their services. Herein lies the dilemmll: The factory wants to hold them but cannot hold them with satisfactory compensation w~thout increasing the prices of its products. Unusually, therefore the trained laborers move out to more remunel'ative fields. Machincry may be included in the major problem of labor. Local Footwear factories have already graduated most of t hem, to the use of the machine and on!y the small shoe-making shops are still cmployi~g hand labor. The problems in connection with the usc of the machine are two: the lack of men to handle machinery skillfully, and the high cost of motor power. In Cllnnection with the cost of motor Ilower, it Illlly be pointed out that in Manila where all the major fa ctories are situated, the one and only plant supplying electl'ic power charges high rates, and big factories have found it more economical to install their own power plants. The small factories, however, have to bear the high power fees. being unabl e to install their own power p lants. The supply of raw materials is the ne:l.'"t major problem of the local footwear industry. At present, most of the raw materials fol' footwear manufacture are imported from the United States. Importation of leather accounts for the high cost of production and consequently the high price of footwear products. Local factories, in order to reduce the cost of production. have to set down low wage !<cnles fol' laborers. The problem of raw materials
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has been minimized, in some degree by the local tan. ncries which have been able to manufacture sole leather materials of a fairly good quality. The local manufactured sole leathel" has been used by local factories in the making of low-grade shoes
but also f(lr shoes for the Philippine Army. Local sole leather has bzcn found to he- of sufficient tensil strength to meet the requirements of the Army, after several iaborntol'Y tests conducted by the Bureau of Science.
THE RICE INDUSTRY
THE NARIC AND THE NATIONALIZATION OF THE RICE INDUSTR Y* OR i\IANY GENERATIONS the rice industry in the Philippines, especially the distributive 1118chiner)', has been in the hands of foreign merchnnts. This s hould not be case as rice is the bas ic food of t he Filipino people. Because of the importance of this commodity in the life of the Nation, the control of the different phases in its trade by our nationals is deemed essentia, for political, social, and economic reasons. Rice, as already stated, occupies an unuSllal p~ition in the economic life of this countl路,y, Accol'ding to Government statistics there are 4,000,000 peQj'le dependent on this industry. The total investments therein amollnt to PI,. 500,000,000. The land devoted to rice culture is around 1,900,000 hectares or about one-half of the total cultivated area of the Philippines, In other wo!'ds, con siderable investments have been made in rice culture, million!': of men arc depcrr<!enl on 'it, that the ('ontnol of this industry by the Filipino!': is indis路
F
pensable for the national security of our country. THE NATIONAL RICE AND CORN CORPORATION has been created not for profit but as a Government instrumentality to stabilize the rice industry in the interest of both the consumers and the producers, It aims to pl'omote social justice among our !':mall farmers by improving t heir lot in giving them r emunerative prices for t heir crops. Thus conceived, it is determined to play an important part in the uplift of our unpI'ivileged masses and in the solution of ou!' social problems and all its implications, The rice industry, like other kinds of enterprises may be divided into threc economic stages : (a) pI'oduction, (b) distribution, and (c) consumption. The process of production is entirely in the hands of our nationals. 1t is the most tedious part of the industry, and yet the least compensated. Because of the prevailing unsatisfactory conditions ar.d the strained relations with landed I)roprietol"s, many tenants and sma ll farmers are discontented. It is, therefore, no wonder that the I'ice regions have become the c)'a(lle of radicalism and the source of social unrest, After harvest the palay must be milled for dis"11 11
VICTOR
C",n r"",,,,,,/i,,,,
Bur.SC ., )I1S0,
.lh"aU(r, Th, Nati .. ",,/ R i(t "",/
tribu1iion. This is the second step of the industry, While the pI'oduction stage is done entirely by the Filipinos, paradoxical as it may seem, about 90'* to 95'7D of the distribution, whether wholesale or l'etail, are in the hands of the Chinese merchants and cnly 5 '/" to 10 '/0 are left to our nationals, Since ::he distribution of !"ice is the most profitable part of the industry, it is in this particular phase where the National Rice and Corn Corporation has to play its deci sive lHut, if it is to be useful at all. It is the key that will open the door to the complete nationalization of the rice industry, The National Rice and Corn Corporation sold imported l'ice through more t h an two thousand Fil!pino dealers throughout the country. A large ma* jority of these may ultimately give up the retaii b\!siness for some reason or other. We believe however that a substantial number of these dealers will continue, The corporation can, therefore safely state that it has already taken a forward step in laying the foundation fOI" the nationalization of the distribution of rice. Rice, we repeat, is the life-blood of the nation; it will, therefore, be suicidal to leave its distribution under the control of foreign mercha nts, A nation should not permit its main food su ppl y in the hands of foreigners, The efforts of
PHJLIPPINES the NARTC towards this goal is, therefore, very timely and vital. To summarize, some of the steps it has taken are as follows: {O It!;;""" preference to Filipino merchantt ;n the bandlint: of NARIC riC\!. Thil preference;, m3dc to cneou ra gc ou r nationpjs to copga ill the rice trode. Many Filipino bu!ineunlen and Ca!libl. islll hn\'o. unfortllnntely, IIOt yet coolidered the pou ibilitiea of the
lnIde.
Rice. tlC.wever, unlika o~her commodities. hu a ostio"'"
ma,hl and tho dcmnod for it is cOlUtllllt nod indelinite. (Z) Tho Co.porotiou line nllO"'cd n 'e:llonable rnnrgin of profit to rctllilerll. thlUl giving inducements to many Filipino merchant. to enter into this tmdc. In the ules of imported rico. for uamplo. ,...e,y drolcr madc n profit of rO.20 to PO.30 pet lack .... ido from the empty bag which i~ ,enetRliy lold at from ro.os to 1"0.13 CIIch, or. n nct profit of from 0.28 to ['0.43 lor overy uel< retailed. (3) A eQrnpaign ill beina waged to induce more Filipino IUcrdmnls to ~~ll Bnd dilltributo NARIC rice. There Arc lit present nbout 2./iOO rico dClIlcrs hnndlini it.
llS
(4) For thill year', crop. Iho CorpomliOJ' hu bed th~ prie"" 01 P2.50 for lccond ole"" MDun Dnd 1'2,25 for grAin. infcrior 10 it, per uel< 01 44 kilo. net, Meordin" 10 I·he qunlity, . tnte and condition ortho palay. These price. aro admittedly mu cb bigher tha n whot rico mcrchanll Uled to PIlY at thill,cnf on of Ihe ) ' 0:., nnd whell the crop il nbund~nt as tho Imn' Ht "-0 now have. Ile<tl.uee of th elle. mcrchnntl tHe forced to 10110,," auit. "lthouill they are nOI e:.:actly pn)'iuc our prices. thy howcver buy It prieu thnt "ill mllterially reduce thcir IPeculative aeli"ilie!, Thill would Ihut ",,,ko the business le!l' ou .... etivc for Ihem. The natural COlll'C<tucnoe will bo the gmdual w;lhd rnwal of forciln morch"n ", from the rice trode Dod the clltrnncc of Filipino capitol in the b,uine!!s .
The National Rice and Corn Corporation will continue firm!y and vigorously what it had already begun, It feels, however, that it cannot succeed in its lauda ble mission without the vigorous assistance and whol ehearted cooperation of F ilipino busin ess men and F ilipi no capital.
RICE AND CORN COOPERATIVE MARKETING' H E NA TIO NAL RI CE AND CORN CORPORATION aims to stabilize the !"ice industry which would allow., a reasonable margin of p rofit to the rice producers, but at the same time effect
T
a certain pri~ level which would not be considered opprt!ssive or hurdensome on the part of the consumers, In effect, it aims to forestall the shrewd speculator, but at the same time provide a more equitable basis for trade transactions in the rice bUl'iness, These laudable objectives of the N'atiorial Rice and Co!'n Corporation are in line with the aims and purposes
of cooperative marketing associations which are organized under Act 3425, as amended. Cooperative marketing, as a system of agricultural merchandising, is designed, among other things, to effect an in· telligent and or derly mnrkpting of the farmer's pro(\ucts. It also aims to make the distribution of these products from producel' to consumer as direct as can efficiently be done and to stabilize the agricul· lural merchandising of these products. The task t o bc accomplished by both or ga nizations being simi· lar-the stabilizatio n of the agl"icultural industry_i t. is therefore, necessary that they coordinate thei r activities and operations. THE STABILIZATION OF THE R ICE IN· DUSTRY, whether along the lines of production or of pl'ice, cannot be obtained without orga nized producer s and a contl'olled marketing agency, operated and managed by the farmers themselves. One of the factors which depresses t he market prices of agri. cultUl'al products is disorderly marketing, Unorganized producers di spose of their products without taking into consideration the elementary law of supply and demand, But the cooper ative marketing association overcomcs this wasteful and inefficient ma l'keting procedure. Given the necessary facilities , cooperative marketing association can command a jllst a nd equitable p rice for their produce. Undel' the Coopcrative Marketing Law, the farmers are
g iven some SOI't of t: fmnchisc 01' monoJloly to fix a reasonable price, Of COUI'se, t he a ssociation is not at liberty to arbitral'i ly enh ance the pl'ice, as this is prohibited by section ·17 of Act 3,125, as amended, w hich will automatically void 0 1' forfe it its charter, Another remarkable feature of cooperative marketing is thc marketing contract, as provided in section 35 of Act 3425, a s amended, It requires the members of the associations to deliver for any period of time, not over ten years, all or any specified part of their agricultural products to their associations, Thi s marketing contract has been held constitutional by the Supl'eme Court of the United States, It insures that a sufficient volume of agricultural products will be delivered to the association. The products thus pooled will be sold at an
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THE COMMERCIAL & INDUSTRIAL MANUAL
the result or main objective of th is feature. Under this marketing agl'cement the agricultural producers have no more to say as to the determination of the price of their products. Under sC!Ctioll 5 of the Cooperative Marketing Law, the Director of Commerce has the power to divide the Philippines into several marketing of the agr icultu r al products. The Director of Commerce may legally refuse t he registmtion and operation of morc than one association in a certain district or telTitory. Harmful competition is thus avoided. The National Rice and Corn Corporation can act HS the unUonal mannger 01' finan cier of municipal or provincial Coopcl'Iltive marketing associations. If th is urrangement is effected, the said corporation can be assured of a sufficient volume of rice whi.ch will enable the latter to dominate 01' contl'ol a lArger sector of the r ice business Qf the P hilippines. Ib, may be asked at this juncture whether the National -Rice and Corn Corporation can make a greements with rice merchants, rice millers, rice producers, and rice bonded warehouses for the sole purpose of monopolizing or controlling the rice trade. It cannot, beca~~e to do so would be a violation of Act 3247, a law against combination
and restraint of trade. But in the case of cooperative marketing associations, they may do so, because cooperative associations organized under Act 3425, as amended, are not deemed to be a conspiracy or a combination in restraint of trade, nor an attempt to lessen competition, etc. Cooperatives, bow_ 'ever , are not authorized to restrain t rade by arbitrarily fixing t he price or by unduJy enhancing the price of agricultural products. Another good feature of cooperative marketing associations is the exempti on from the payment of the merchants' sales tax and the income tax, as provided in section 48 of Act 3425, as amended. This exemption gives additional advantage to the association over t hose ordinary rice bus iness organizations. The most important problem which confronts our rice producers in the orgamzation of cooj'lerativc mar keting associations is the lack of adequate financial facilities. The establishment of the National Rice and Corn Corporation which has an adequate capital could be instrumental in the organization a nd operation of more cooperative marketing associations.
RICE STOCK-CENTlt.AI.. LUZON
PHIUPPINES
337
THE PARADOX OF THE TOBACCO INDUSTRY' Present Menace to Tobacco Industry T IS indeed paradoxical to think that the tobnee.' industry upon :w hich depends t!\(~ lot of no less than half a million people, the premier industry of the country as an employer of labor and the industry that has made the Philippines the first cigar exporter of the world by sending her products to no less than 40 different foreign countries, the only industry which gives the biggest proportion_ ate income and the s urest revenue to the governm(!nt; and yet, it does not receive the attention, the support Ilnd the protection it deserves both from the government and from the public.
I
TIME AND AGAI N, the members of the Manila Tobacco Association and others who are equally interested in the tobacco industry have repeatedly tailed the attention of the government and th e autho rities concerned about the necessity of reducing the present unreasonable and excessive specific taxes imposed upon cigars and cigarettes. Furthermore, other important measures intended to p r otect the industry were also advocated by those who believe in the bright futu re of touacco as an export product of the Philippi r.cs and yet, up to date their efforts and their time wcre all wasted in vain. Recently, only legislations of minor impertance were pI'omulgated by the National AssemblY, affecting the tobacco industry, thus leaving unsolyed and unsettled as well as intact important measures that will revive this lingering and agonizing industry. Several years ago, our leading economists promulgated what is now widely known as the Philippine Economic Decalogue conceived in the principle that the Filipinos should patroniZe Philippine made goods a nd products. This Economic Decalogue is said to have been inspired by the economic p rinciples and ideas that gave birth to the" Ang Bagong Katipunan". Later on, the promulgation of tbis Economic Decalogue was followed by tn~ foundation of the National Economic P rotectivnism Association commonly known as N EPA, dedicated exclusively to an extensive campaign a nd drive for the consumption of home made products. Yet, altho Manila tobacco is known the world over; in spite of the awakening of the public consciousness to those principles of the "Bagong Kati punan", the Economic Decalogue, and the "NEPA" doctrines, the Philippine Tobacco industry bitterly protests against the alarming increase in the importation and use of such foreign made cigarettes. To prove this asser tâ&#x20AC;˘ BII M ,U<III1: L V. OALLI:OO P.uidul. /lfllllilll Tobacco Anocilllioll-
Spe\l<'h.~cliyc,ed in connee tion with tho Tob"cco DIIY. Mad';'n. th().PbIl,pp'neoo Wcol.:. AUIU~l 18. 11)37
ion, way back in 1926, when the Philippine Economic Decalogue was not even thought by those who subsequently draftC!d and prOl\lu.gatect the same, when the Nepa was not even conceived in its mother's womb, the total number of cigaret~e5 imported il'om the United States was only 8.5,/,0 of the total cigarette produet:on in the Philipp:ncs. Nine years afterwards, that was in 1935, the total number of cigarettes imported from the United States alone r~prese n ted nearly 69 % of t he total p;'oduction of said article in the Philippines. These figures prove in a clear and unequivocal way that tne cigarette impoltation from the United States imperil the local production to the point of annibilating local made cigarettes . Now, the natural conciu::;ioll to which we must necessad ly arrive is that up to the present time, the birth of "Ang Bagong Katipunan", the promulgation of the Philippine Economic Decalogue a, well as the past NEPA drive have so far failed to inculcate ill' the minds of the Philippine cigarette smokers, especialiy the younger generation, the advantages of Philippine made cig&rettes. So f a r mention has only been made of the menace that may eventually lead to the rui n of the tobacco industry in the Philippines, the solution of which lies in the hands of the Filipino peopl e themselves. Now, let me call your attention, to another menace to the tobacco industry which lies in foreign hands. I refer to that economic provision of the TYdings-McDuffie Law which affects directly the exportation of Phil ippine tobacco and tobacco products to t he United States as well as to those recent measures promulgated by the United States restrict¡ ing the entra nce of Philippine tobacco products, especially Philippine cigars, into that country. It is a matter of common knowledge that from the sixth year of t he existence of the Philippine Commonwealth, that is, from the very moment that export tax as provided for in the Tydings-McDuffie Act. becomes effective, the Philippines can 110 long-
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THE COMMERCIAL & INDUSTRIAL MANUAL
Cl' export Phili ppine cigars into the United States on reasonably profitable basis inasmuch as of the total pl"oduction of cigars of the Philippines, over 60 % is shipped to the United States and even less than 50/0 is exported to other countries while the balance is being consumed locally. The Philippines has been exporting annually to the United States from 150,000,000 to 200,000,000 cigars which repre· sents morc than 90 % of our total exports of cigars. Now, the c:dsting tariff on cigars is $4.50 per pound (of approximately 50 units) plus 25 % ad valorem. Tf this tariff is added to the aclual cost of production, and if the present market value of Philippine cigars expol'ted into the United States is taken into account, it is the conccnsus of opinion among local manufacturcrs that from the eighth year of the transition period, it would no longer be possible for the Philippines to export cigars to the United States ..
TOBACCO INDUSTRY MAN ILA TOBACCO ASSOCIA.TI ON RE·ELECTS OFFICHLS
At the annual meetirlg of the Manila Tobacco Association all its officers and directors were un· animously reelected. Form r Representative Ma· nuel V. Gallego, head of the Katubusan tobacco factory, was reelected president; Isidoro F. de Mora, general manager of La Insular factory, vice·pres· ident; Jose Sanchez Banio, general manager of La Flor de lsabeia, treasurer, and Antonio G. Es· camilla, secretary. The directors are H. J. Widmer, treasurer of Alhambra Cigar and Cigarette Mfg. Co" Antonio Rosales, of Tabacaleru; J. C. Wanderlich, vice·pres· ident and general manage)' of EI Oriente tobacco factory; H. l{Joch, vice.president of Bunning and Co., Julian Samson, manager La Conchita; and Vi· cente Chan Quep, of Philippine Aromatic Cigarette factory, ilJcssl's. Manuel V. Gallego and Jose San· chez were selected to represent the association on the government tobacco board. TOBACCO WAREHOUSES
In order to help the tobacco and coconut plant· ers, especially the small producers, the govel'nment has taken initial Stel>S to establish warehouses in the capitals of Cagayan, lsabela, Tayabas and La· guna, it was n~liably learned from Eulogio Rodri· guez, secretary of agricultur~ and commerce. As a preliminary step in the establishment of warehouses for tobacco and copra, as agreed upon
at a meeting of officials of the Philippine National Bank, the Nationa l Development Company and the Depal·tment of Agriculture and Commerce, sec· retary Eulogio Rodriguez has asked the provincial governOl'S and district engineers of the foul' provin. ces to supply his department the detailed estimates on the cost of constructing such bodegas. 1.11', Rodriguez has also requested th02 same parties to furnish him with the necessary information as to whether there are available bu ildings f01' rent in the provincial capitals to sel've as warehouses. The proposed stol'e·houses will each have a ca· pacity of 10,000 to 15,000 quintals of tobacco, one to be located in Tuguegarno, Cagayan and the other in l1agan , Isabcla. Luccna, 1'ayabas, and San Pablo, Laguna will, on the other hand, each have bodegas capable of holding 5,000 to 15,000 piculs of copra, it was further gathered. With the Philippine National Bank willing to grant credit facilities to the depositors, the plan, it is believed in all cil'c1es, will be crowned with suc· cess. Quedans, according to the Philippine National Bank authorities, will be issued in the transactions. 1-mong those responsible for the movement are Antqnio de las Alas, secretary of finance, Pres· ident! Vicente Carmona, of the Philippine National Bank, and Secretary Rodriguez, of the department of agl'iculture and commerce. NATIONAL TOBACCO CORPORATION
Organization of a 1)3,000,000 National Tobacco Corporation similar to t he National Rice and Corn Corporation, was urged upon the National Assembly by Governor Fortunato M. Bulan of Isabela in a memorandum submitted to the special committee headed by Assemblyman Mauro Verzosa. Governor Bulan suggests several remedial measures to stabi· lize the industry and prevent monopolies, specially a bill which would correct the disparity in the PI·O· fits of the industry between the tobacco producers and the capital ists. The governor states that the producer loses 71 per cent of the cost of produc· tion, besides efforts and hard work, while the capi. talist maintains a lucrative business. This anomaloug situation, he explains, should be remediea with· out delay, After discussing the incomes of the va· rious parties engaged in the industry, Governor Bulan concludes: "It could be seen that the capital· ists, the Government, the almaceneros, the middle· men and other s receive a very substantial income from the tobacco indu!itry at the expense, sacrifice,
PHILIPPINES nnd mj ~e rnble life of the tobacco lu'oducer whose economic pli~ht hus remained the snllle iol' genera路 tions," Governol' Bulan explai ns the impol'tance of the tobacco industry in the national economy of the Phil-
JJ9
iPllines, He says that during the last foul' ~'cal'S , the Philippines eXllol'ted not less than " '19,000,000 worth of tobncco llncl tobacco pl'oducts, the volume of business I'epl'esenting 11 pCI' cent of the total Philippine exports to foreign countl'ies,
THE RATTAN INDUSTRY' HE ANNUAL world consumption of l'nttan, ac t'''rding to )'eliable figures, amounts to app roxima tely 95 million pounds (45 million' kilograms), valued at $ 15,000,000 about flO pel' cent of which is supplied by the Nethel'\ands East Indies and Bornco, The Philippin~s docs not take pal't in this big trade, in spite of the fact that there is ill these Islnn'1ls n g)'ea t SU Jlllly o f high grade 1'nttnn similar to the best found in SUlllatra and Borneo, This is duc to the simple reason thllt the methods of coll ection and prellal'nti on lIl'e not conducive to the )Iroduction of high gr. de rattan pI'oducts,
T
The "'sika" of PituwlIn is vcr)' similar, if not identical , to the "l'Httnn sega" of Bornco. In fact smnll quantities of "sika" are shipped to Borneo a nd from therc to Singapore whcre thi s kind of Philippinc rattan is mixed wit the best coming from SUl11lltra llnd Borneo, i\lakassar, Singa pore, and Hongkong are the thl'ce principal pOl'tS handling ra ttan, 'l'HERE ARE GREAT PO~S1BILI TIES in the development of thc Philipp ine ratltan industry, The qualit.,y ean be materially imlJl'ovdd and the volume of prod\lction incrcllsed. But unless the collection and preparation are improved, our rattan can not hope to compete with that coming from other countTies. The United States alonc imports annually about 9% million pounds (41k million kilograms) or this product vn lued at about P3,000,000. Philippine procluce)'s have nn advantage ovcr other compctitors in
the Uniti d States as a duty of 20 pel' cent is levied on this product. It is of no use to attempt t o eXjlOl't the Ill'oduets which a+e obtllinable in the mnrkets toan yo They hnve not been seasoned right, and a s n I'csult, a ln toge perccntage is cifhel" weak and diseolol'cd 01' bruised because of dragging. These defects HI'e not inherent qualities of Philippinc rattan a nd can , thc)掳efore, bc remedied, If eollecto'os and those handling rattan for export will only put morc care in the collection and preparation of this pI'oduct for eX,l)ort, it muy bc a ssured that the Ishmds can parti. cipate in t he tl'nde,
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THE COMMERCiAL & INDUSTRIAL MANUAL
PHILIPPINE FURNITURE INDUSTRY' HE HISTORY of local furniture making d3 tes back to the early days of enforced labor during the Spanish times. As will be remembered, much of the enforced labor during those times was devoted to the construction of chu l'ches and the furnishing of furniture and other interior adornments. All of this work of course was done under the guidance and supervision of the different religious orders, but milch of the elaborateness of the workmanship, which would be prohibitive if labor had to b e paid, even though labor was cheap in those times, was due to the enforced labor referred to. While U.c furniture produced doubtlessly shows rich work_ 'lIanship, there aTe doubts that this furniture can b e really considered works of art, There is much to be desired in the proportion of the furniture, which tends to be bulky and over sized,
T
NOW, the Spanish families who came here during the Spanish times, wcre rich or hec::.me af· fluent enough to enable themselves to enjoy the comforts of European life, started importing from Europe, especially ~rom Spain and France, a few pieces of European furniture, which even now, are to be found in the homes of Spanish families that date their ancestries to those e rly days, The cost doubt· less was prohibitive, which accounts for the rareness of these imported pieces, This imported furniture was used as models for \ocal Cabinet makers, but the imitation is to be ca~ily detected from the original, especially with uphofstered furn iture, The upholstery and the material used were usually of in· ferior grade, The polish was also defective, as the Filipino artisans during those days were totally ignorant of the polishing processes in vogue in Europe then,
With the coming of the Americans, the Filipinos were initiated in the use of the simple, heavy set AlIlCl'ican fUl'niture, in contrast with the elaborate almost frail looking furniture imported from Europe, But the imported furniture from the United States was sold cheap, accounted for by the non-paymcnt of Customs duty, as well as by the mass scale produc~ion in the United States, and also by the American taste, which tended to straight s impl e lines, that made the American furniture a by-word in the well arranged and properly In'csented Amer· ican homes and homes of Filipinos of the dch and well·to·do classes, Up to about 1925, the writer can still remember that even the supposed to be rich and widely travelled Filipinos were still buying their furniture by the piece, 'rhe trend of buying fm'ni-
ture by the sets and the furnishing of the home as a unit, can be traced only up to some five or six years ago, COMPETITION The Filipino manufacturer of wooden furniture faces a competition in which he is at a disadvantage. It is common knowledge that Chinese labor due to the low standal'd of living of the Chinese is so cheap that it is impossible humanly, unless our people dc· cide to live under the Chinese standards of living. to compete with, Not only do the Ch inese laborers accept very low wages compared to the standard wages received by our countrymen, but also work much longer hOUI'S, Another competitor of thc Filipino labor is the Japanese, Unlike the Chinese, the Japanese receives much higher wages than the Filipino, but on ac· count of his proven efficiency and his possession of a well formed sense of responsibility, his production is several times over that of the Filipino, Hence it is profitable to employ Japanese workmen even at double the wages of our countrymen, because the ;'esults obtained are several times over, By employing Japanese workmen, the expense of superVIsion is also minimized as then, the problem of supervi. sin~ the workmen so that they may not be wasting theil' time, automatically is dispensed with the em, ployment of Japanese carpenters, But one serious handicap which the Filipino has in competition with both is that, both the Chinese and the Japanese have a serious conception of the trade, Both ~I'e imbued with a sense that a man should devote his soul, his body and his possessions towards improving himself in his chosen task. It is not therefore surprisi ng to see Chinese and Jap, anese workmen equipped with tools costing hundred~ of peso~. but which make them adept in the trade.
PHILIPPINES
_ _~341
TRANSPORTATION Proposal To Start P. I. Merchant Marine Boom To lnd uStr)' USINESSMEN ARE following with keen in terest the development of the plan of the National Development Company to establish a public-owned shipping industry, It is understood that Antonio de b ~ .4.las, secretary of finance, in his capacity as president of the development company, is cr,nsidering calling a special meeting of the board of directors to take up various proposals fOI the establishment of new industries. Among these, it is anticipated, is the subject of a 1!ov::>rnment-owned merchant marine. Further action in this rCg'.lrd, however , awaits instructions from Prc50.ident Quezon. Haiael R. Alunan, president of the Philippine Sugar Association, dC!ciared in an in terviEW which appeared in the Bulletin February 1, that in his opi nion the sugar industry should seriously consider organizing a shipping company of it own. His suggestion was prompted by increased freight rates which the sugal' exporters had to pay due to
B
Ihe Pudfic const shipping strike, IN ADDITION TO HIGHER FREIGH T RATES, sugarmen are ow faced with another difficultl'-the excise tux of three路fouths of a cent per pound, proposed in tlie new sugal' legislation sponsored by the Roosevelt administl路ation. As a consequence of this. sugarmen are beginning to sec more and more the adVantages of having their own ships which would insure the tra'li!sllortation of their product nt reasonable rates, PUBLIC MAY Buy SToCK Just before> he sa iled for the United States AlunRn told the BulletiJl that he was gratified to learn that the go"el"llment, through the National Development Company, was conSidering the establishment of a merchnnt marine. He said that with
this a s a beginning, the public in general may be induced to buy stock in a shipping company which the government may Stal't. If t he government starts a shipping company, it would have to hold the contt"Olling stock, at least 51 per cent, and the remainder would be subscribed by the public. Alunan suggested that the sugar industry could TUise about PIO,OOO,OOO. The government would then be asked to grant the company a loan of an equal amount, or buy preferred stock in the company, On the other hand, if the government is willing t(. foster a public-owned merchant marine, it may take the initiative in organizing a shipping company by furni shing a majority of the capital and offering the remaining stock for sale to the pul:.lic,
SAVING ON FREIGHT CHARGES* : HE DEPRESS ION which is really nn economic blessing in disgui se has called the attention of eve r~'one, including the business men and the Government, to the realities of the present hardship, as mnni!ested by lowering- of wages and income and the consequent reduction of the buying power of the people, Rela! tvely higher production costs and rock-bottom prices, und gl'eatly depleted government reven ues against the pre~ent high standard of Government expenditures have resulted, The busin ~~smen, in their efforts to reduce to a minimum production and manufacturing costs, have not only cut their heavy o\'el'head expenses, forced down wage.;: which in many instnnces lIrc below requirements o' decent living, but have also turned their attention t;('" freight charges, an item of cost which heretofore has not been de~med us of :my importance,
T
THE ACTUA L COST OF GOODS to the consumers includes not only production or manufacturing oosts, and all items of costs necessary in the run-
ning of a business, but also transportation charges. Wh :lthel' or not freight charges could be shifted to the ultimate consumers is not within the scope of t his
THE COMMERCIAL & INDUSTRIAL MANUAL
342
plQ)('l" I t may be ~aid, however, that the consumcrs will not always be willing to pay production or manl1facturing costs plus freight charges, as thel'e :Ire producers and manufacturers who are morc advantageously located than others with reference to a common market, so that other producers and manufacturers must be willing to shrink their profits to offset theil' disadvantage of location. Broadly speaking savings on freight charges may be made by compal'ing the rates charged on the same commodities by various transportation COIllpanics with respect to points of origin and destination, However, this paper will deal only on railroad crates and cases, . ,. In discussing this subject: particularly with regard to transportation by railroad, the following should be taken into consideration: I.
_. 3. .f.
1,,,,,l;i"~ of merchnnei!c. D<:l!c ription ,,"d cllls!rifiCRtion of good~. Uclntion of woights to . frcight ch prJl;l'lI. Olhor method" in r~dlL (i{lg freight ch"rgci.
PACKING 0.' 1\fERCHANDISE
The packing of goods is as imp()rtant as their production for it would be useless to transport
them to consumel's if they cannot he received in good condition. In the Philippines the majority of shippers do not pay attention to the proper packing of goods, Old boxes, barrels, or crates to be used in shipping goods am often kept urqund in the bodegas awaiting shipments. Boxes, burrels, crate~, or othel' suitable containel"s that appeal' to be in good condition to survive the contemplated journey am used as occasion requires. As a result freight is lost or pilfered f!"Om these inadequate containers, goods are damaged because of insecure packages, and persons who handle them are endangered by proj ecting nails and rough corners of dilapidated crates and cases. PHILIPPINE TOURIST BOOM SEEN Americans arc now looking toward the Orient fOI' their travels, according to H. C. Anderson, managing director of the Manila Hotel who return路 cd from the United States recently. Mr. Anderson bases his statement on the fact, that travel is not inviting in Europe for the present owing to troubled condi tions, Unless conditions change in the Far East to divert the flow of tourists back to Europe, Manila may expect a g reater number of visiting travellers in the coming months, Mr. Anderson said,
MOTOR BUS TRANSPORTATION IN THE PHILIPPINES' HE NETWORK of motor bus transportation facilities in the Philippines is unknown to most Filipinos except to those who are directly engag-ed in that business. The provincial people are very familiar with the names of the big companies operating in their localities. In Cag-ayan Valley there are the "Redli/le" (Red Line Transportation Co.) and the "RumI TrOllsit" (Bachrach Motor Co.); in Central Luzon, there are the "Pa'l1tmnco" (Pangasinan Transportation Co.) and "Pamb!lsco" (Pampanga Bus Co.); in the IIocos Coast there is the "Nol'lll t )"(It!" (Northern Luzon Transportation, Inc.) ; in Manila, we have the "Meralco" (Manila Electric Co.); the "Past)'{mco" (Pasay Transportation Co.); and others. In Southern Luzon, the people in Laguna and Tayabas have their "Ltbco" (Laguna-Taynbas Bus Co.); the Bawnguefios have their "Btco" (Batangas TI'lInsportation Co.); and the Bicolano~ have their "Alatco" (A. L, Ammen Transportation Co.). In the Visayas and Mindanao, motor transportation companies also operate trucks and buses.
T
PRACTICALLY ALL PUBLIC HIGHWAYS in the Philippines are used by passenger motor buses. In 1923, there were only 766 motor passenger buses in opemtion, but two yelll's later, the number was more
tha n doubled, there being 1,649 buses in operation in 1926 and 2,892 buses in 1931. In 1935, there were 3,522 motor passenger buses in operation which traveled over 180,000,000 kilometers for the same year. This tremendous mileage was made I)Ossible by the I'apid construction of roads by the
PHILIPPINES Government. At the beginni ng of the year 1920, we had 9.515.5 kilometers of roads, including first, second and third classes. In 1920, the Government added 300.6 kilomctel's; in 1925, 847.4 kms. more; between 1£125 and 1930, the Govcmmcnt built 2,742.0 kilometers of roads; and {l'om 1930 to 1935, 2,711.3 kms. of roads were added. By 1936, the Philippines had n total of 16,743.9 kilometers of roads. Most of the passenger busses nrc owned and opcl"Uted by the following transpol'tation companies: N., _/
s.'" .... L. AMMIIN TRANS. CD .. DACIlRACIl MOTOR CO •• BATM,GAS TRANS. CO.... "'X"
ISii 8'001 Rc"on . N. Eeil '. N. Vi"""1" I.. bd •• C"'Y". 1I"I'c.o.D, P'n,.. in .n ,.d P,mp •• , •. In L',"n'. T' y.b.. , lIi.. l. c.. i" . nd M . n,I,.
l~S
a",., •• ,
8I!NGUirl' AUTO LINE
P'o,..;• • ". BOHOL UNO TR"'NS. CO .• BULAeAN BUS co.
CAPIZ MOTOR HUS CO. U,VIT£ UNO TRANS .
C£BiJ
"moBUS co.
CEBU nt.Nsrr co.. CO'U8t.TO V"UEY TRANS. CO. OANGWA TItANS. CO:'. DAVAO AlIToaus co.. EUSI!O SILVA' FIUPINO TltANSIT CO. ILOILO TIIANS. CO. ". LAGUNA·TA YADAS BUS CO .• LEYTE LAND TRA..... S. CO.. M. P. TRANCO, INC .. MANILA ELECTKIC CO. MAJUA ClUsrJNA TRANS. CO.. MAlliO TRANS. co. MAnAS A. FEIINANDO·. MINDANAO BUS CO. MIRASOL TRANS. CO. NEGROS TIIANS. CO. NORTHnllN LUZON TkANS. CO:'
11 Pooo",.< of IIohol. SI B"loco" . Dd M'n,b . 41 '10'10 ami Copi,. n CiY;'" Mu,l. 'nd II, .. !. 101 Cc~.
!~ ~~~.o. IS M•• p,lI...",. I~ D... o. 10 a....,.', 1.0'''''' 11 ... 1 . ad M•• ila 16 [10,10. 17 Iloilo. IH 1.0",••. ~J.b ... 11",1 ",4 !>b.,la. 6S P",o,,,,,< of Ley •• • JO M•• Pto...",. r.. Un,.n . nd 96 M,nil, .nd Ri ..!. )a L.n •• . Ui p,OY'." of Nc"o •. }} 8ul",n, N. Eel l' .nd M' Ollo. )6 M,urn" Oticn"l. un.o .Dd B"kld.oo.
P,.,..,.",.
6}
Nc,,,,, Prow,,,,,,.
)l
r.. Union, IInco. 1''''0'=>,
PAMPMlGA DUS CO.
Co'·l , n. lIS Soc.. n. T"I,c,
PANGASINAN TIIANS. CO."'
no
PANAY Atrr08US CO. Po\SAY TItANS. CO .. INC." PEOPLE'S DUS CO, .•.. IIAYMUNDO TRANS. CO .• SAN11AGO SAM8I1ANO"
}I
TEOOOIIO Y. ¥ANGCO .•.. VlSAYAN RAPID Tll.ASSIT CO•.
64 is
j}
99 14
J8
6"""'",
lib" . Dd
34)
vestment, however, was not brought in by new opemtors. In 1026, t.hel·e were 1,415 operator s. I 'his number was increased in 1930 to 1,580 because of the coming undel' t he jurisdiction of the Public Service Commission of the garage service in 1928. However, in 1935, the number of operators dropped to 1,11 6, The tendency demonstrated that motor transportation, like othel' public utilities such as gas, light, watel' and telephones, is monopolistic in nature. If such is not the chllractedstic of public utilities, there would be no need of I'egulatory bodies to supervise the ser vices and rates of public utilities. Wh ile the trend of pa ssenger buses is on the increase, the pa ssenger automobile (PU automo biles) is decreasing in number, In 1023, there were 154 P U cars in operation; the number jumped to 1,147 in 1925 ; and it l'eached to almost 2,000 PU cars in 1931. After 1931, however, the P U cars began to decline in number. In 1035, there wCI'e only 1,636 PU cars in operation. It is noticeable that the PU cars multiplied rapidly between 1923 and 1931, and then began to decrease in number. The reason for their rapid growth from 1923 to 1931, being that the avera ge fare char ged by pa ssenger buses in 1923-1924 was 1'0.04 wh ich was reduced gradually to 1'0.0 15 in 1930 and 1031. The P U cars could compete with motor buses when the rates of the latter \yere over " 0.015. Beginning from the year 1931, the major transportation companies reduced their passenger rates to "0,01 per passenger per kilometer plus a l'eduetion of 20 % for round trip tickets. Some companies even gave 25 '70 reduction. The improvement of the I'oads and the reduction of the eosts of materials used in tmllsportation contributed to the pr esent low rates which bus operators are now char ging.
N. Ee;j •• Dd
P,o""n'n. T"loc, N. Ec1j ••nd
z...",.
h.olco. 1'" " hl.nd. I>hn,I •. lIi .. 1 .od C""c. Iloilo. 111.. 1. L""D' ,od Mon,la. U Un,.,... llox .... PlOY, ....... lib... Me. P'OO'OCI:, P,n,"''''D ,Dd 1>1 .. ,1 •. l\i"I, Man,I •. bmb,le. , Dd Cl<c,dcnul Scp",.
1...>,......
In 1030, the investment in motOl' bus transportation amounted to P6,060,584.00 ; in 1935, the investment was 1'1 0,262,0 13.00; and in 1036, it reached to P13,380,666.00. This incl'ease of capital 01' in-
DAVAO PORT H AS BRISK MAIUTIME ACTIVITIES
The port of Davao registered brisk maritime a ctivities during the month o f March, figures released by Cornelio Balmaceda, director of commerce, reveal. The figure s are based on the report of the bureau's commercial agent in that cit),. Native products expol·ted through the port during the month amounted to P1,004,709. Among the export 1)I'oducts are: Hemp, 6,038,937.5 kilos valued at 1'1,942,101.75; logs, 1,040,150 ki los valued at 1~7, 145; desiccated coconut, 100,700.4 kilos valued at P15 ,780.24j ramie, 28,687.5 kiloJ.; valued at 1'6.750;
THE COMMERCIAL & INDUSTRIAL MANUAL
344
lumber. 67.110 kilos valued at P2,718; abaca 2,300 kilos valued at P164. COMMERCIAL AVIATION
A bill designed to encourage commercial aviation in the Philippines by giving Government protection to local air companies in the matter of the transportation of mail by air ~.a s been introduced in the National Assembly by Assemblyman Juan L. Luna, chairman of the Committee on Aviation. The Director of Posts, under the proposed legislation, may with the approval of the Secretary of Public Works and Communications, enter, from time to time, into contracts for the transportation of mail by air between any points within the Philippines and foreign countries for IJcriods not to exceed five years. The b~se rate of pay in awarding t hese contracts, the bill provides, will not excced P1.50 per airplane mile for transporting a mail load of not
SIGNIFIC
more than 200 pounds. The air mail contracts will be awarded only to companies who have obtained franchise from t he Government. The bill proposes that the companies who have been given the contracts for the transportation of mail by air will be given the right to usc, free of facilities, including landing fields owned and operated by the Government. The bill appl'opriates PiS0,000 to carry out the provisions of the proposed air mail contracts law for 1937. It is a lso provided in the bill that for the payment of services of mail contractors to take care of any deficiency in an annual appropriation for these purposes, the Director of Posts is authorized to use the whole of the revenue 01' portion of it, derived from the additional postage to be collected on air mail , and also with the approval of the President to use any portion of the earnings of the bureau after deducting its expenses.
CE OF THE "CLIPPER" SERVICE'
HE ESTABLISHMENT of the United St.atc:;-Philippines airline by the Pan-American Airways is ar} epochal even~ in thQ history of this countl"Y. It not only marks the beginning of a new chapter in the history of transp rortation, but also ushers in the dawn of closer commercial and cultural ties between theN! two countries and the ones in between. It is an event that will affect our national li frl markedly. The Philippines, because of its geographical location, is far from the principal market centers of the world and, as a result, it is at a disadvantage when compared with re~i ons more favorably located. The United States, its principal market, is more than 7,000 miles away and shipments of goods to that country take almost one month. It is the consensus of opinior. that if the tra veling time could be shortened further impetus would be given to the trade relations among d ie various eoutries en route.
T
THE UNITED STATES-PHILIPPINES AIRWAY service removes many obstacles to the smooth flow of trade and business between these two countries. The filling of orders will be expedited, mail will be transported in shorter time, interest rates on drafts will be reduced and personal conferences between bu si ness men of these two countries would be oftener . With the Philippines brought nearer to the United States, American business men would take far greater interest in our country than they have had heretofore, and it is to be c>"l)ected that there will be drawn he:'e enterprises and organizations that can materially help in our economic development. -nl/ JO&E . R. Apwso. Co",,,,cr.o.
Jwni~r
Co ... ",u~iol Agent. n".(O" 01
In this connection, it would be interesting to give a brief review of Philippine-American trade relations during the last 37 years. Since 1898, the United States has been predominant in Philippine foreign trade as well as in other lines of activity. Those who are interE'sted in measuring the extent of Philippine progress :;:ince the advent of American sovereignty in these Islands will find in the growth of foreign trade a feiri y comprehensive and accurate measure. Develflpment in all fields, social, educational, and political, had to have their structural basis in eonomic development. It was the income obtained through increased production and export of the country's crops that made
PHILIPPINES pO$SibJe the bui lding of schools and hospitals, -mainulincd and expanded the school system in the Islands, and provided the people with the comforts of their lives. A comparison of the values of the four leading Philippine export crops sold abroad in 1899 with theil' export values for 1934 will indicate the tremendous growth that has taken place in our export trade. Philippine cxporh of hemp, sugar, tobacco and cigars, and copra for the two comparative years arc as follows:
-,.Co,..
'-I,,;l.
b''''r.
T<>baa:o .oJ m'""f." ....... . Toul. ,.
1"1 ).987,14& E.919,UO
"17.1lJ,nO uo,m.16l
3,862,SQ6
10,)87.5)1
!,4S)'}06
n,UO,H9
1'la,Ul.110
" L7S,b}O.O'l2
The figures above show that the total vulu:! of these main export articles has increased morc than six timcs 拢l'om 1899 to 1934. If coconut oi, and other coconut products and hemp cordage which were IInknown as export items in 1899 are included in the comparison, the increase will be nearly eight times. The value of coconut oil exported in 1934 amounted to 1'13,589,742; copra meal, P2,102,241; desiccatcd coconut N,509,079 and hemp cordage, P2,670,094. It is also seen from ~he figures above that of the foul' principal export crops, sugar has made the C'l'eatest development. In 1899, sugar ranked second to hemp in Philippine exports with a value of only about M,OOO,OOO. In 1929, sugar figured at the top of all exports of the country with a total value of 1)106,488,298; and in 1931, because of the decline in prices since 1929, the total value of sugar ....xpOl路ts decreased to P99,926,210, but in 1934 it rose to 1'130,909,161. Sugar and coconut products have alternately occupied the leading expor~ position every year since 1920. Many new items have been added to the list of important exports from the Philippines since 1899. Among these may be mentioned embroideries, Philippine timber and lumber, maguey, cOl'dage, knotted hemp, fine vegetable fiber hats, and innumerable sh<::11 products. No leas remarkable has been the development ill the Ishnds' import trade. Increascd exports have Ilaturn ll y meant; larger pU:'chasing powers for the Filipinos as wcll as a development of new tastes and wants for greater diversity of articles, many of which nrc not produced locally. Hence, the value of total imports into the Islands has increased from only about T'38,000,000 in 1899 to approximately P294.300,OO in 1929, and to P171 ,047,699 in 1936.
345
The long list of articles imported into the Philippines include the following principal items, with values for 1935 as follows: COttOIl goods, 1)30,599,841; iron and steel and manufactures of, P22,176,839; mineral oils, 1'15,293,182, meat and dairy products, P9,305,822; automobiles and tl'Ucks and part~ of and tires, P9,214,286; wheat flour, 1'5,711,254; silk and its manufactures, 1'4,851,400; paper and its manufacture s, including books, P6,619,795; electrical machinery and apparatus, N,307,336; and to bacco and products of P7,500,559. Practically every country trading with tho? Philippines inc 'eased their volume of commercial dealings with the Islands during the last thirty-five years. In 1899, China had the largest share of the foreign t rade of the Philippines. The United King . dom was second, the United States third, Spain fourth and Japan fifth. In 1935, these five leading countries occupied the following relative positions with reference to total import and export trade with the Philippi nes: first, the United States; second, Japan; third, United Kingdom; Iourth, China; and fifth, Germany. If we compare the total trade of these countries in 1899 with the annual average for the five years of 1927 to 1931, we find that the United States has increased Its trade with the Philippine IsI~nds 3,428 per cent; Japan, 1,395 per cent; Spain, 120 per cent; Great Britain, 68 per cent; and China's trade has decreased 6 per cent. Our trade relations with Hawaii and Gual'1l is comparatively insignificap.t at :nesent, hut with these countries brought closer w the Philippines commerce with them will undoubtedly inCl路C:lSe. In 1935, Philippine exports to Hawaii amounted t o 1'5031574 while imports amountcd to 1'576,172. During the ~aUle year the Philippines' t a'h with Guam was : eXJlorts, P459,621; imports, F96,S37. Our principal exports to H awaii are cis-aI'S, cOl'dal!'l'. and embroideries and the chief imports are coffce. mallUfactures of iror.' and ste~1. and f1 uits and nuts. The bulk of our exports t'l Guam consists of b"eadstuffs. liqUors, shoes, and slippers, leaf tobacco, and sugar; imports consist mainly of copra. TnANs-O('EA"IC P ,\S!;!:NGER Am SERVI CE "CLIPPE R" IS SUCCESSFUL
Carrying a party of nine picked American newspapermen, the China Clipper, one of Amel'icn's huge planes, oWlled by the Pan~Ameri can Airways, arrived in i'rIani la October 17. 19~6. jnauf"U1'atin~ a r egular pnssenqer commercial sel'vice across the Pacific. The plane started from Alameda, California,
346
THE COMMERCIAL & INDUSTR IAL MANUAL
October 7, and negotiated the distance of 8,200 miles in ten days, delayed two days at Wake and another two days at Guam owing to inclement weather. The trip was a successful deJllonstration of the speed, comfort, and safety of air travel from America to the Philippines. It is believed Hiat with the inauguration of this commercial passenger service the Philippines will become a tourist and travel center of the world. A few days before the univai of the Clipper a Dutch airline brought another American newspaperman, H. R. Ekins, of the New York World-Telegram, to Manila Oil his nl'ound-thc-world cruise starting from New York by way of Java. The Dutch aidinc returned to Java with passengcl's and arranged fOl' regular commercial passenger sel'vice also. In view of the acilities for commercial and business transactions th'at the airlines offer the busi. ness men of the Philippin s are predict:ng expansion and greater volume of bu iness in the future. The China Cli1l1)e1" was brought to Manila by a crew composed of Ralph A. 1{ahlstrom, captain; F.
S. K. Lewis, first officer; Georp:e- B. King, second officer and navigator; F. ]\i. Bl'iggs, third officer; T. E. Griffin, fourth officer and engineer; C. L. Wenkstern, fifth officer and radi(1 operator; and L. W. Hancock, flight steward. The passengers are William I. Van Dusen, dir· ector of public relations of Pan-American Airways; Charles E. Harner, Associfttccl Press; C. B. Allen, New Yorl.· J-J eI"Cl/d-Tl'ibnne; W. W. Chapin, Uni'l)c)'sul Servicc; Lauren D. Lyman, New York Times; Fred Green, H011O/lIlu A(lvertiscr; John Williams, HOlIOlulu StWl' lJ1111elil1; Earl Welty, Pan·Pacific Bureau; Harry Frantz, UlIitecl Press. About the tilllC! the China Cli7l])C), was arriving in Manila another Pan·American Clipper, the Phil· i1l}line Cli1lper, took off from Alameda, California, bringing to the Philippines another group of newspapermen, this time most of them publishers and newspaper as well as business executives, including Roy Howard, Cornelius Vanderbilt Whitney, Senator & l\'frs. Wm. G. McAdoo; Juan Trippe; the publisher of the 8altimoJ'e SU1t; the vice-President of the or'omwell Publishing Company, and others.
TilE FUST H APPY LANDINO 01 TilE CUPPEI! AT MANII.A
PHILIPPINES
3<7
LAND AND REAL ESTATE REFUND SE OF A portion of the $50,000,000 cc.conut oil excise tax refund in the purchase of large estates foI' resale to tenants was announced by Commonwealth President IHanueI L. Quezon from
U
Washmgton on June 24th., 1937. The state clepal tment announced that the Umted States tl eaSUl y would lransfci to the Phllippme Commonwealth the sum of $50,000,000 by July I, and made public a statement
from Quezon: " I cannot, of course, definitely assert what the National Assembly will do," he said, "but in
a special message which I shall send the Philippine Assembly and on the authority of which the National Assembly may pass a law appropriating said funds, 1 IIl"OpOSe to make the foUowing recommendations" :
"THAT so much thereafter as necessary be appropr iated fOl' the purchase of all lal'ge landed estates for the purpose of reselling them in small parcels to tenants of those estates, or in the absence of tenants to such other F~ip in o citizens as may desire to purchase said parcels of land, these parcels in no case to exceed mOl'e than 250 acres; that so much thereof as necessary be appropriated for the purpose of establishing credit under ~uch terms and conditions as the law may prescribe to purchasel's of those parcels of land for wOl'king animals, agricultural implements, or in genemi i.or the development of the land, "For building roads in 1\Hndanao and such other undevelope{! islands of thE' Philippine archipelago as may require urgent attention; fou building schools, particularly in rural districts to provide vocational educaticn and for the establishment of government institutions to take care of the insane, the indigent, the aged, children, and other individuals that may requi re care of the state, "I do not think that fOI' the purposes above mentioned more than $20,000,000 will be necessary, so there will be left in the treasury $30,000,000 which we shall keep intact to be spent for the readjustment of Philippine economy as the joint committee of Amel'icun and Philippine experts may recomf mend," The state department's announcement said the entire sum will be held on deposit in the tl'easury "pursuant to the authority of applicable Federal and Philippine status," It added that "treasury officials arc now engaged in perfecting the necessary formal details required to cl'!'ect the transfel' and deposit, Dean COlll'ado Benitez, member of the Filipino committee of experts, said that Quezon's plan of
buying up landed estates is a ccntinuation of the policy of William Hownl'd Taft when he was governor general. Benitez e:>:plained that the attraction of landowners to the Islands will not be affected by the plan, Benitez said the President's plan "applies almost entirely to religious orders of friars who have enormous estates, sometimes whole municipalities, in the Philippines since the revolution against Spain," He said Taft in 1903 began a policy of buying these lands and making it possible for farm tenants to own them but that the policy was discontinued and "ever since then thel'e has been a lot of dissatisfaction," REVISION or LAND ASSEsSMEXT WILL HELP LAND OWNERS Relief has been given real estate ownel'S in the provinces, especially those In the coconut.i>l'oducing provinces, as a result of the downwal'd revision of land assessment in those regions, according to Secretary of Finance Antonio de las Alas, The reduction effected is considel'Uble, eSllecially i:t the province of Tayabl:s, neady all the munic_ ipalities having benefited by a downward revision of realty assessment, Such revision, it is said, will work to lessen the tax burden (,f landowners who, in many cases, have complained that the assessed value of their land is too high. The revision will also be bellCficial to the improvements on the land, and this will especially favor the coconut producers, In coconut-producing prov_ ilices, the aS3essed value per coconut tree varies, but in sevel'Ul provinces, each tree is Ilssessed as high as ps, The question of the revision of land assessment came up during the convention of the coconut plantDOWNWARD
348
THE COMMERCIAL & INDUSTRIAL MANUAL
ers, when a complaint was mud!' that 11 0 revision had been made for many years, in spite of the fact that the price of copra had gone clown. As a result the government had to confiscate coconut land in a number of cases for non-payment of land taxes. Things have begun to pick up lately, and the price of copra is again going upward. Coconut planters who could not meet their land tax obligations may soon be able to redeem their coconut plantations, which had been taken OVCl' either by the government or private firms, to whom they were mortgaged.
going on for the purchase by the government of the land in Davao now held by the Japanese, who are willing to dispose of their holdings if acceptnble terms are offered to them.
CLOSE COTAIJATO TO EXPLOITATiOl'>
The National City Bank Building, one of the huge landmarks of the Philippines consisting of six floors nousing numerou s important offices including the National City Bank of New York, the Benguet Consolidated Mines, the Pacific Commercial Company, and the Shipping Dept, of Companla General de Tabacos, was sold out to Don Jorge L. Araneta for 1>2,300,000 cash Monday, October 5, last. The transaction constituted the bigge5t deal in recent times, The sale was the third of the transactions this year on the pUI'chase of massive commercial buildings, the first being the purchase of the Crystal Arcade, a modern structure recently built which was sold to L. R. Nielson, local stock broker, for Pl,600,000 and the othel', the purchase of the Masonic Temple, the Philippines' first skyscraper, by the Philil>pine National Bank for 1,000,000. Negotiations for the sale of the National City Bank Building lasted only three days, a record time for big deals of its kind, in view of the presence in Manila of Boyse Hart, Vice-Pt'esident of the National City Bank of New York, owner of the building, who bappened to be touring the Orient. The National City Bank Building, formerly called the Pacific Building, "as constructed in 1920 by the Pacific Comn\ercial Company, original owners. It is located at the cornel' of Juan Luna and l\IueUe de la Industria across from EI Hogar Filipino, The Building and the land have an assessed value of "1 ,341,182 for the Jand, It was understood from Mr. Al'aneta that part of the building will be occunied b~' the newly formed Central Exchange of which Mr. Araneta himself is a member of the Board of TI'U!\tees. MI'. Araneta is the owner of two big sugar centrals in Negl'os and the president of the General Secul'ity and lnvestment Company and the !\Ia-ao Sugar Celltl'lli. Until the purchase of thc National
The Japancse holders of the land, which is mostly planted to abaca, according to information, are asking 1'30,000,00ll for the Improvemt!nts they have made on the land. The govemment is making its own valuation and will propose terms for the acquisition of the improved land. THREZ BUlLDINGS HOU SING WELL-KNOWN CONCERNS CHANGE HAI\'OS
Pending the completion of a series of investigations, now underway, into alleged land-grabbing, illegal lumber grants and dummy corpol'ations in l\'I indanao, Eulogio R odriguez, secretary of agric:.:lture :lI:d commerce cI sed Cotabato province to largescale exploitation, Sec.-etary Rodriguet ordered the director ot-Iands not to autborize anyone to claim or exploit any unsurveyed land in the pI'ovince. HI.' announced that sllch claIms will be C\.0nsidered illegal. The secretary, howcver, said that the lots already surveyed wdl be distributed to the homeseekers, as this is a par t of the government prog!"am for the economic development of Mindanao. Secretary Rodriguez also decided not to renew any lumber concession for the present. However, residents of Cotabato may be allowed to cut timber for building purposes, Anyone, nevertheless, may be permitted to own a lumber concession of not more than 1,000 hectares provided he can show to the department that he will develop it personall~' and not through aliens. Lumber con('e"',;o'lS fOllntl t.o be worked out by aliens will be cancelled. An investigation into this matter is now being conducted. Secretary Rodriguez also ordered the subdivision of the Tablas Valley in Occidental Negros into lots of from four to five hectal es. As soon as the work is completed, the lots will be di stributed to the 4,000 settlers there. This subdivision is ordered in view of the fact that I' ~dic al ~Iements in Occidental Negl'Os have beel' telling the people that the government has done nothil"g for thelll. Secretary Rodriguez refused to reveal the nl\me!' ()f his investigator s so a s to leave them unhampered. The g radual acquisition of lands owned by foreigners in Da"l10 i!< pl'oceec'lil1g, Negotiations ar(>
PHILIPPINES City Bank Building last month, he bas been living in anonymity although considered onc of the wealthiest individuals in the Philippines at present. He is a son of General Aranetn, of Philippine Revolutionary fame. He was graduatefl from Santa Clara University, in California, being one of the first group of Filipino students who were sent to the United States to study. Negotiations for the sale of the Crystal Arcade lasted for considerable time and through a series of dirkcring aft('l' which it was submitccd to a public bid. Originally, Doiia Muria Lopez, of the wellknown Lopez family of 1Ioilo, tried to buy it for a little over a million pesos thl'ou~h a certain bl"oker. Tho deal precipitated some misunderstanding with other business-men ; so the E I Hogar Filipino cwners
THE
~HILIPPINE
349
decided to sell it on bid. L. R. Nielson, local stock broker, offered the highest bid of a number of bidders. The Crystal Arcade is t he most modern of commercial buildings in Manila. It is located on the Escoita, the heart of the city, a nd is the headquarters of the Philippines' stock market. The sale of the Masonic Temple was effected quietly as both the representative of the owners and the buyers are occupants of the <;ame building. The building is historic in a way as it is commonly regarded the first tall building in t he Philippines. It is also located on the E scolta. 'fhe Philippine Nat ional Bank, purchaser, is rhe Government depository and h as been occupying the ground floor and two other stories fOl' a number of years.
LUMBER INDUSTRY *
HE L UMBER indus.tl'Y is one of the industries upon which OUI' Commonwealth Government can rely for stead income and fOl' a solution of some of its social problems, Its importance can r eadily be appreciated when it is known that as compared with other major industries, it ranks fifth in capital invested, fou rth in value of production, second in number of laborers employed, th ird in monthly wages a nd fifth in number of establishments, Important as it is now, the lumber ind,ustry promises to b : even mOl]'e so in the .years to come, if it is properly developed, Thirty_five years ago, there were in the islan(ls but fourteen sawmills of small capacities, practically all of which were located in Manila. To-day, there are 115 lumber plants distributed all over the Al'chipelago, the larger vnes of which cut from 60 to 125 thousand b oard feet, Investment in t hese pl ants alune amounts to about 30 mi lion pesos, in round figure. In the industry today it is estimated that there are employed about 35 thousand men, upon whom about 65 thousand people are dependent for support, thus making a t otal of 100 thousand people who nr e dircctly dependent on the lumber industry for their liveli hood.
T
I N 1936, the industry paid to the Government in forest charges, or royalty, of timber alone over 2 million pesos, The total value of the more than 300 million board feet of lumber cut by sawmills during that year is ahout 20 million pesos; the lumber and timber exports alone brought about 6 nlillion pesos add'ti(lTIal wealth, which helped contribute towards a favorable balance of trade for thc islands. Thirtyfive years ago, the total timber production in the islands was only 46 million board feet, in round number. Last year the timber cut reached close to the I-billion mark. In the early days of the Amel'ican Administration in these islands, the kinds of t.:imber being cut were confined to a few species, mostly belonging to the first and second groups; laU41t8 then were comparntively unknown. The vol_
ume of lumber exported was insignificant; on the contrary, there was considerable amount of Redwood and Oregon' pine imported for general constl uction purposes. Thus the lumber industr y has shown a remarkable progress during the last thirty-five yea r s. There is no reason why under our Commonwealth Government the industry should not continue to progress. The standing commercial timber of the islands is estimated at 464,470,000,000 board feet, practically all of which are under government ownership. The great bulk of this timber consists of our valuable export species, viz; Tanguile, Red Lauan, Tiaong, Almon, Bagtiknn, 1'l'Inyapis, white Lauan and Palosapis, which are known abroad as Philippine Mahogany, The development of this great natural resource has just begun, It is estimated
350
THE COMMERCIAL
&
that the present cut could under forest management be increased to about 7 billion board feet without depicting the forest capita\. This would mean cutting this amount yearly for an indefinite period of time as it must be remembered, timber is a renewable resource, unlike a mine which is exhaustible and therefore has only a limited life. Furthermore, our woods have a world's market. Because of this fact, the lumber industry could easily readjust itself should it find itself restricted one way or another in any foreign market. The chief foreign markets of Philippine lumber and timber at the present time arc the United States, Japan, China, Australia, the United Kingdom and South Africa. These markets alone, if pro· per ly develol)ed, could absorb all our lumber and timber I)roduction, provided they are well manu· factUl'ed and graded. The im l)Ortance of the domestic market, pal'ticularly fOl' low-grade lumber and timber, should, howevcr, not be overlooked in this connection. The annual consumption of timber in the Philippines is onlx, about 3 cubic feet per capita as against the wol'idf.,s average consumption of 32 cubic feet per capita PCI' year. Thus the possibil. ities for ex pansion of eveX the local markets are great. \ A WOI'(! or two Jlbout th pal'ticipation of Filipinos in the lumber industry may not be amiss in this connection. Amel'icans are the largest invest· OI'S in sawmills representing over 43 1,~; Filipinos represent only 22.3 % ; t he )'est pertains to Chinese. British, Japanese, Spaniard and Swiss. Practkally all, however, of the small timber operators without sawmills are Filipinos. As to tl~e distribution of our lum bel' and timber products, the great bllik (I( those being sold in the local markets is handled by Chinese. In foreign distribution, however, the Filipinos m'e 'playing a bigger role than any other nationality. In 1935 the lumber :!nd timber experts were handled by American'S, 20.05?,p; Japanese 25.36 v,~ ; Filipino!', 42.97 % ; British, 7.050/0; Chi!les(o, 3.18 <;'0 ; and oth er, 1.39o/c . In 1934, only 10.03 '10 of the total lumber and timber exports was handled by Filipinos. It is, of course, gl'atifying to n ote, in this connection, the great increase in the participation of Filipinos in the lumber and timber export trade. LUMBER EXPORTS
The Bureau of F orestry, which is in charge of the regulation of 'the use and exploration of the PhiJil)pine forest resources and enforcement of the
INDUSTRIAL MANUAL laws governing timbel"ing and lum bering business, reports that during the last calendar year 247,913,516 board feet of lumber and 1,76~,078.96 cubic meters of timber (tog scale) were produced by Philip_ pine lumber mills. Lumber exported during the ~'el\r amounted to 45,730,096 board feet. The amount of timber ship!)ed abroad was 97,782,280 board feet. It was estimated that 20 per cent of the hlluber and timber produced last year was cxported and that from 25 to 30 per cent of the local consump tion went into mini ng constructions. The Insular Lumber Co. was the largest lumber prodUceI' in 1935, with FilLdlay Millar Timbel' Co. ranking second. The produ(:tions of the ele\'en leading lumber mills of the P hi lippines for 1936 were as follows:
c.,,, .11",.
c."'JO,
In,ul .. Lumber Comp.ny'· l',ndl'1 Min .. T'mber Co . Ph,hpFin. Lumber M."uf."u,,", ·' C>dw.lI.d ....CiblOCl Lumb" Co •. , Por. L.. ......... B.. iI.R Lumber Co." H",ul .. L"",be, Co. " 5,.. ell,.. Lumber Co:' Ad.n,i, Gulf /I< P."", CD. Dc, H... , Lu, &: CD: . Fihp'"'' LUlllber Co .•
So,"b«" LUI"" "
C. b,bil" 5''''IIIill ..
7l.}1l.G4 '9.'l95.lJ ~l.U)A! l~.8U . 1J.4
21.051:05 I O .)9} . 6~
I O.)198~
J6.776.a.. U.}6<.O) 1 6. '~8
II
1.6011.95
P.", s....""II"
Col."", S,wm,lJ
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9.813.0: 1.i6S·ll
Sowm;lh ;D ~IDU"'''n P,,,.,"U pr"ch",.d )0 •• 87.86 I.:",d /", of lumb:, ,n 19))P"«i(.lIy ~II rh" produ<""" w .. u",d by rho m,nC<. (0 •• No;" ,.."" 'f,.I, 414 ,.••J 1"')
Sawmills in Mountain Province p r oduced 50,487.86 board feet of lumber in 19'35. Practically all this production was used by the mines. U. S. LUMBER, LOG EXPORTS AND hlPORTS GAIN IN 1936 Total exports of hardwood and softwood lumber including sawed timbel' and logs for the 12 months of 1936 totaled 1,583,110 M. board feet as compared with 1,577,052 M.. feet for the cotTesponding period of 1935, according to figures just released b~' the Forest Products Division of the BUI'eau of Foreign and Domestic Commerce. Of the 1936 amount, 1,256,425 M. feet was of sawed material as comparable period of 1935, a loss of 2.5 per cent. The 1936 exports of logs and sawn timber amounted to 326,685 M. feet as against 287,682 M. ieet for 1935, an incl'ease of 113.5 percent.
______________________~P~H~~=~~P=mE~S~_______________________ J51 In the sawn softwood group, DougJas fir, bemJock and southern pine registered losses in the 12 months period undel' consideration, as against 1935. Douglas fir continued to rank as the most important item, exports totaling 491,099 1\1. feet, a loss of 5.8 per cent. Foreign shipments of sout hern pine totaled 344,118 M. feet a loss of 8.5 per cent. The "White Pines" made a gain of 14.7 l)Cl' cent; l'cdwood gained 10.'7 per cent; spruce gained 52.S per cent; while hemlock declined 49.9 per cent. Actual exports of these four species for the 1936 period were 41,834 M. feet, 21,650 M. feet, 16,945 M. feet, and 9,088 M . feet, respectively. With respect to hardwoods, chestnut, magnolin, and red and sap gum recol'ded minor losses, while moder ate gains were made by oak, ash, poplar, hickory and other ~pccies . Log exports totaled 326,685 feeL, of which soft· wood accounted for 301,488 M. feet, or 92.3 per cent. Of these softwood log e'xpolts, Douglas fir is by far the most impol'tant item, tot-'ding 131,995 M. feet for the period, n gain of 53.6 per cent over 1935. Hemlock exports totaled 87,'18'1 1\1. feet, a loss of 2.1 per cent; Westel'n cedar totaled 38,868 1\1. feet,. a loss of 18.2 per cent. Southern pine log exports are comparatively negligible, totaling only 887 M. feet against only 116 M. feet fOI" 1935. Total imports of hardwood and softwood logs and lumber (including cabinet woods) for thE' year of 1936 totaled 751,307 M. board feet as compared with 562,265 1\1. feet for 1935. Of this 1936 amount, 96,274 1\1. board feet were logs (hardwood and soft· wood), 562,879 1\1. feet were softwood lumber, and 92,154 1\1. feet were hardwood lumber and sawed ca. binet woods us against 124,624 M. feet of logs, 379,'129 hi. feet of soft.wood lumber, and 58,212 M . feet of hurdwood lumber and sawed cabinet woods for the yeul' of 1935. Tn the "logs" g r oup, imports ali cedal', fir, spruce, and Western hemlock for the 12 months of 1936 accounted for 66,408 M. feet of the total of 96,274 M. feet imported. In the softwood lumber group spruce h; by far the most important item, totaling 305,306 M. fe et. In the hardwood lumber and sawed cabinet woods groups imported "sawed cabinet woods" amounted to 38,262 1\1. feet. The reciprocal tmde agreement signed by the United States and Canada allotted Canada an alTnual quota of 250,000 M. board feet of Douglas fi r and Western hemlock, to enter the United States nt $2.00 duty and excise tax. Fl'om Janual'y 1 to December 31, 1936, imports of these woods s ubject
to this quota. totaled 149,600 i\1. board feet, according to preliminary figures s upplied by the Bureau of the Customs of the Treasury Department. LUMBER RANKS FIF"TH I N CAPITAL I NVESTED
The forests, aside from land and watel', are by far t he greatest and most valuable of Philippine natllral resources with a stumpage value estimated at not les than P8,000,000,000. From the !"ich forest resources, the lumber industry has developed into one of the principal industries of the islands, ranking fifth among other major industries in capital invested, fourth in value production, second in number of lahors employed, third in monthly wages and fifteenth in number of establishments. The total investments of the 120 sawmills and power logging operations for 1936 amounted to P30,-'174,155 j while the investment of holders of ordinary timber licenses, excluding machinery and other equipment, amounted to P18,197,535. With the gl'OWing' popular.ity of, and demand for Philippine hardwoods in many countries, the prospect of e:qlanding the industl·y appears bright and every encouragement should be given to increase the present investments. The total fOI'est area of the Philippines is estimated at qver 17,757,000 hectares or approximately 5'/ per ceno of the total area of the islands, according to facts and data recently compi led by the Philippine Cabinet Timber Co. with the cooperation of the bu· reau of iorestl'y, with a view to populal"izing the Philippine lumber in the world market. About 9711.: '10 of the forest area of the Philip. pines is owned by the Govemment and is under the lldministr utive control of t he Burcau of Forestry, \\ hile about 21,6 % is pl"ivately ow ned. The forests of the I slands arc typically tropical, belonging to the tYIJe known as "tl'opicai rain forest." There are about 3,000 species of trees that attain a diameter of one foot. However, less than 60 of these are brought to the market. The dipterocarp, or lauan family, constitutes about 75 % of the land ove:' 90 % of the total value. It is on account of the occurrence of this concentration of lIlel'chantable species that mod· ern methods of lumbering are possible. The volume of the stnnding timber has been estimated at 1,096,. 083,6'/2 cubic meters 01" 464,739,476,900 board feet. The forests of the Islands are not sold, but are operated under a license system. Small operators usually wOl'k under ordinary yearly timber licenses on definite sillull al'eas. Exclusive licenses, or con·
352
THE COMMERCIAL & INDUSTRIAL MANUAL
cessions, arc generally in the form of a t.wenty-year exclusive license agreement to cut and extract timber and other forest products from a specified area. In 1936 there wcre 120 sawmill s Dnd power logging operations under license. This does not include the ordinary timber licenses numbering 1,606. The total production of sawmi!ls during 1935 amounted to 605,G59,732 board feet (log Scalc). The mill tally during the same year was 221,343,256 board feet. rn 1935 there werc shipped to the United States and forei g n coun t ries 121,991,160 board feet of lumber a~d logs. Philippine timber find s its way into the market of the United States, Hongkong, Canada, Netherlands, Guam. Australia, United Kingdom, China , Japan, British Africa, H awaii, Italy, New Zealand, Norway, Japanese-1.Jhinu, Denmark, Spain, OernUl.ny, Franc~, Belgium, Dutch East I ndies, Portug uese-China, Sweden Egypt and Federated Malay States. Present-da shipping affords facili t ies that make monthly and even fortnightly shipments poss ible to almost any part of the world. They make po~sible the regular shipm ents which are so necessa r y to the lumber buyer. COMMERCIAL 'WOO DS From a commercial viewpoint, the principal timbers of the Philippines m!ly be grouped into two gcneml classes, namely; dipteroearps and legumes. The following are principal species with their respectiVe commercial uses:
Diptel'ocarps-Lallans The mos t important timber species belong to the Dil)tel'ocarl)Qceae 01' Lltltan family, which furnishes about 80 "" of the total amount of timber cut in the Islands. The woods vary from moderately soft to extremely hard, and in coloI' they range from pal e yellow to very dark brown. Reddish colors, howe ver, predominate lind even the so_call_ ed "Whi te Lal/allS" have a reddish bint. In s peaking of the lllans, it generally means t he so fte l' mcmber s of the Dipteroclll'p family, which may be (Ih'ided into the red lauans and white lauans. The former include tangile and the true red lauan. The white lauans include the true white lauan almon, bagtikan, and maya pis. In strength and d~I'a颅 bility the rcd and white laman is supel'ior even to tangile. The lauallS are moderately heavy and moderately strong and used without sapwood for interior work, they last for Il long time. For house construction the lauan s are suitable for interior fini sh, sid ing, partition and ceiling and fot' these
purposes, the white lauans which a re cheaper, will prove as suitable as the reds. The Jauans make excellent woods for ship planking, because the pores arc closed and inhabit t he pa ss!lge of the air anti liquids. Apitong Apitong is undoubtedly the most abundant of heavier and stronger structural t imbcr, and whcn used without the sapwood can be depended upon to last for a very long time. This wood is hcavy a nd strong.
Guijo Guijo is similar to Yakal in grain and texture, but it resembles Apitong in color . The wood of Ouija is strong, relatively easy to work, and has good wcaring qualities. It is best suited for interior framing, vehicles, automobile and truck framing , beams, joints, flooring. To lovers of rcddish brown colors it particularly ap peals. Yakal 'J.lhe hardest and strongest member of the lauah famil~ is Yakal, a well known wood. This wood is one of the strongest and most resistant to decay, which makes it particularly suitable for structures expO!;ed to the weather. It is a n 'i!xcellent wood for flooring and other use for which white oak, beech and birch are employed; in fact, its use is recommend2d wherever great strength and durability arc required. For flooring it is unequalled. Palvsapis-Mangg achol)11i Palosapis is medium textured, moderately hard and moderately heavy, resembling the Jauans in this r espect. In color it is yellowish, often with I'ose str eaks. Manggachapi is fine-textured, straight grain. hard and heavy, pale white in color when fresh but upon CxpOSUI'e to t he sun it changes to dark reddish yellow. Legumes Second to the Dil)t.el路ocan)uceae in importance, from the lumberman's standpoint, comes thc Legnminosae, 01' Nana family. Among thesE' are Akle--l pil-SJlp(l,-Tindalo and BanllYo. These arc most valuable as fU r nitUre and cabi net woods. Akle is hrownish in C0101' a nd is an excellent wood for cabinet making. It has many of the qualities of walnu t and has the further advantage tha t it is mOl'e resistant to termites.
PHILIPP INES /ValTa is reddish yellow to dark red. The yellow variety is more common and is more readily obtainable than the rcd. For furniturc and cabinet making, door and window fl路am ing NalTa !S almost always the choice for high gradc work. Tilldalo is a dark rcd which turns to wine color with age. It is uscd for the same pUl'pOSC as Narra anti is considcl'ed the superior of Nan路a in man')' ways. This is probably thc highest quality obtainable in cabinet timbers. Like most members of the Legume fa~iIY, it is noted not only for its beautiful grain but for its du r ability as well.
353
I pil is another wcll known wood. This is thc most commonly used wood for house posts on account of its great durability and strength. Heretofore. when it was not convenient to put housc posts on top of ccmcnt or stone foundation s, thcrc wcrc fe\v woods that withstood thc ravages of decay and termites. ipil was the bcst suitcd for this and h;>.s become thc "standard of comparison" for durability and rcsistance to tcrmites. Bamuyo is light ycllowish brown, suitablc for high gl"Bde ft1l"niture and cabinct making.
TELEPHONE DEVELOPMEN T IN THE PHILIPPINES' l:R ING THE EARLY PART OF THE TWENTIETH CENTURY, ~ smaJi tcl ephone system, known as the "Sociedad de los Telefonos de Manila" was in opel"at ion in Manila. About
D
this timc Mr. T~. V. Halsey, nephew of the late Thcodore N. Vail, builder of t.hc A~eri:an Telephone and Telegraph Company, visited thc Islands for the purposc of Investlgatmg the possibility of cstablishing a modcrn telephone system in Manila. He found that the old system was oqsolete, in a deplorable cond,ition and evidcnced littlc prospects of future dcvelopment. I t lacked competent techn ical assistance and the stockholders were reluctant to furnish the large amount of capital necessary to rebuild and improve the cxisting plant.
AFTER LENGTHY NEGOTIATIONS, control of this company was acquircd by the American telephone group r eprescnted by Mr . Halsey. They in_ stallcd a common battery tele phone plant along; upto-date lines and improvements in the sYl>tem were undertaken, Later, in 1918, installation of the first automatic central office tclcphone equipment in the Far East wa!; commenced and was subsequently curried to full completion in 1928. Steadily, improvements were made, and additional offices for muniCipalities adjoining the City have been added. In order to givc some indication of the g)'owlh of t(>lephone service in the City of Manila alone, it must be slated that the old Sociedad de los TelefonDs de Manila had approximately 500 instl路ulllcr.t.;; in operation, whilc at the present time there al'C approximately 20,810 telephones in use. The Marrila telephonc plant is the most modern in t.he Far Ea ~ t "n" J . E. H. STC"':S OT, GtJJt' a/ .If(l "'''~~'. /'h ili ppi'" /, 0"0 Di.,,,,,,, T"~P~ M ( (',,,n pn n y .
in type of equi llment used and completes an avcra!f~ of over 24!),000 local calls daily. Telephone facilities wer e first es tablished in the southern part of the Philippines at Cebu in 1903 :IS a result of the organization of the old Cebu Telephone Comllany. In 1922, Mr. Halsey and his associates commissioned thc writer to invcstigate the possibilities for telcphone development in the Visayan Islands. They organized the Cebu Telephone and Tclcgmph Company which took over thc old system and installed a modern t~ l ephone plant. An up to date cable system was constnlc{r.!d, rcplacing a vast amount of open wire; a reinforced concrete central office building, one of the finest in the; City of Ccbu even to the J}"c"ent tim ~ . wa s constructed. There arc now 1256 telephones in operation in Cebu, and the recent installation of modcm radiophone facilities makes it possible fOl" r esidents of Cebll to talk with other points in the Philippines. Lines were extended to the suburbs of O~bu. and to thc
THE COMMERCIAL & INDUSTRIAL MANUAL
354
ecbu Portlnnd Cement Company at Naga which i!i approximately 20 kilometers south of the City. There are also marine facilities on the Ccbu docks to facilitate service with interisland and ocean~going steamers visiting the pod. In 1909, shortly after the original Cchu system was completed, the citizens of Il oilo organized the Il oilo Telephone and Telcgl"aph Company. In 1923 :Mr. Halsey and hi s group organized the Panay Telephone and Telegraph Company and took eve)' the exi sting system with an idea of modc]-nizing it as early as possible. The Iloilo system has grown from its modest beginning of 56 telephones, in H)(i9 to 1,396 at the prcscltL time. With a view towa\"d taldng ca re of telephone requirements by providing for additional facilities <lnd the improvement of service, an extensive construction prog ram including an up-to-date fireproof reinforced COll'Crete building housing t he most modern central oHi ce equipment, radiophone termin<ll control and rn~Hophone priVacy equipment, was completed in 1935. It may be of interest to note that the first long distance telephone Jine in the -Philippine Islands was built in 1927 connecting the srstem a t Iloilo OT' t:,c Island of Panay with one then under constl'uctioll on the Island of Negros, and later linked most of the sugar ('entmls with practically all of the important towns on this I sland.
The Negros District of the Philippine Long Distance Telephone Company has toll lines as fa r north al< Fabrica , with exchanges or toll station s at Pulu-
pandan, Bacolod, Talisay, SHay, Saravia, Victorias, Manapla, Cadiz and Fabrica, and lines as far south as Binalbagan with local exchanges or toli stations at !\'la-ao, Valladolid, San Enrique, La Carlota, Hinigamn and Binalbagan. There are present 583 telephone stations on the Island of Negros from which long dis tance serv ice may be had. In view of the success of the iOr?g distance telephone in the Visaya n Islands, investigations were conducted on Luzon relative to the feasibility of exten<ling long distance service on this Island. The final result of this investigation was the organir.ation in 1928, of the Philipp ine Long Distance Telephon e Company, under the Jaws of the P h ili ppine Islands, for the purpose of extending long distance telephone facilities throughout the Philippines a s fa st as conditions so warrant. Within a short time IOlrg distance telephone service was inaugurate:! be· tween the Cities of Baguio and Manila, all'd various towns and provinces intervening. Development of telephone fac ilities in the Phil _ ippines has been rapid and the Philippines have kept pace with other countries of the world. Radio telephone service between the Islands of Luzon and Cebu and Panay to many foreign countries has been in effect for several years, and it is now possible for people Jiving in the Philippines to talk by telephone with nearly all the important countries in the world-some 60-odd, and with over 93 % of the world's telephones, as well as with ships at sea within a j'adius of hundreds of miles.
DEVELOPMENT OF ELECTRIC SER VICE* HE SUBSTITUTION of machinery for hand-labor brought about the industrial revolution. One man with a machine was able to do the work which previously required two men to accomplish. 'I'hc replaced hand was then turned to other productive work which consequently increased the wealth of the nation. S team power operated belts and shaHs and the kinetic energy of falling water turned the wheels in mills and factories. Nevertheless progr ess along these lines although steady was compal'3tively slow.
T
THEN CAMF. THE WONDER POWERELECTRICITY, an invisible force possessing many advantag-eO\lS charactcl'ist ics over steam and water ·811 J.tl18 J.
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01 M echa "ical a"d
power and was found to be flexible and easily controlled. When these advantages were recognized electricity was put to work immediately, and brought about the present unpal'AlJeled industrial development.
PHILI1'PINES In the Philippines as in other agricultural countries domestic consumers arc by far the largest group of USC'"S of electric light and pOWel" , E lectricity in the home was found to be an ideal servant. lllights and aircon'(litions the home, cooks and pre$el'ves the food, sweeps ~he flool', washes and irons the clothes, cntel'tains the family and perfOl'lllS other duties which enable the housewife and her family lo live wf-II and in comfort. Electricity, however, could not be secured for the asking-it must be produced and should be produced economically so that it cou ld be within the reach of the great majority of the people in progressive communities. This task as a rule is one for Electric Service Companies . To be intcr ested thcn in the "Electrical P hilippines" is to kn'Ow t he historical progress of electr ic service in the Islands. 'rhe first electric ~lant in the Philippines was installed in Manila in 1884 by the "La Electl'icista." Iloilo arrd Cehu secured sClwicc in 1908 or thcreabout. The electric systems in thc~ cities also serve a few neighboring towns. Just before the wodd wa r there were, more or less, ten electric plants in operation in the Philippines with an aggregate generatingcapacity of about fifteen thousand hOl'Se power. Electr ic plant installations increalSed l'apidly durirrg the boom period follow ing the tel'mination of the great conflict. Three hundred towns now have electl'icity generated from one hundred nill'Cty-one generating stations with an aggregate capacity of about ninety thousand horse power. The combined output represents steam plants which generate about forty-two thousand horse power, h.,ydro-elcctric plants with twenty-fOUl' thousand horse power, and oil engine plants with twenty-sil( thousand hor~e POWel路 .
The development of electric service in the P hilippines almost parallels the developmen t of the l\'lanHa Electric Company. It could Il\:lt be otherwise fOl' the reaso n that this company's steam and hydroelectric plan ts generate almost sevcnty per cent of the aggregate capacity of all the plants in the entire archipelago and serve about thirty pel' cent of !Ill the towns having electric illuminations. Hence, un exposition of the development of the i)lnnila F.lectri c Company may considerably im;I'ease our knowledge of the electric Ill'ogres,.; of the Philippines. )[oreover, a brief histol'ical sketch of the Compall~' would also be interesting as it is the oldest ('leetl'ic service compa ny in the Philippines, its system .fImong the best ill' the Ol"i('nt, .find can be
favorably compared to an American electric system of the same size.
355 01'
European
The nucleus of the prese nt Manila Electric Company was the old "La Elcctricista," located on R. Hidalgo Street, previously known as San Sebastian Street, which occupied a building that now houses the repail' shop of Luneta Motors. The old company was acquired by the Man'ila Electdc Railway and Light Company in 1903. AnticillUting a great increase in electric cons umption the new com ])any immediately set to \~ork to revalllp the old system. At that time the company had only thl'ee thousand customers and it now has nearly that many employees. J. G. White CompllllY of New York was contracted to build the system and later to act as operating manager s. Rapid development began immediatdy after the completion' of the I)resent steam plant at hla de Provisol'a and the distribution system in Manila and suburbs. The original capacity of the plant was 2,250 KW. and a s the customers of the company increased the power plant generating capacity was correspondingly enlarged. The plant capacity was increased to three thousand fifty kilowatts in 1906, to five thousand seven hundred fifty kilowatts in 19 10, to seven thousand five hundred kilowatt.'! in 1913, to nine thousand two hundred fifty kilowatts in 1919, to thirteen thousand kilowatts in 1920, to ~cventeen thousand kilowatts in 1921, ami twenty-nine thousand kilowatts in 192<1. The Com~ pany's hydro-electl'ie plant at Botocan was completed and went into service in May, 1931. This pl a nt has a capacity of seVf'nteen thousand kilowatts and is connected to Manila b~' a fifty-five miles long 110,000 volts transmission line. The n umber of custolllers increased from three thousand in 1903 to twelve tho usand in 1913, to thirty-one thousand in 1920, to seventy-two thousand five hundl'ed in 1930 nnd to one hundred fifteen thousand ill ]936. As the number of custOlners went 'IU the rate of the Company came down. The old "La Electricista" lor instance was charging 3 centavos per hour for a 25 watt lamp or ]'6.50 per month for lO-hoUl' service. Todny the Company offers this same service at a cost of 1)1.35 for 24-hour service. or a chal'ge of only two-tenths of 11 centavo per hour: FOl' 12-hoUl' service the chnl'gc is j'1.10, The i\lanila Electl'ic Railroad nnll Ligh~ Company. and Union TI'uck Company wel'e operating companies in the Philippincs prior to 1919 when
THE COMMERCIAL & INDUSTRIAL MANUAL
356
the Manila Electric Company was incorporated, F r om 1919 to 1921 thc Manila Electric Company operated these three companies under lease and in 1921 the assets of these companies were sold to Ma nila Electric Company and the other companies were dissolved, The Associated Gas & Electric Company acquired control of t he Manila Electric Company in 1925 although J, G. White Compa ll~ continued as Operating Managers, The Company began to expand its light and power ser vice to the provinces in 1927 and purchased various isolated plants. The present 0 1'-
gunization operates 18 plants located throughout the Tsland of Luzon and furnishes elcctl'ic ser vice to 103 towns including the City of Manila, It owns, including the Botoca n-Manila Line 2,100 miles of transmission and distribution lines and 39 outdOOI' substations, The Railway Department of the company has kept st ep with t he other bmnch of the service and today operates 124 buses, 109.passenger s treet cars and 10 tl'Olley buses as compared to only 55 str eet cars in 1906.
PHILIPPINE MIN ING IN DUSTR Y* OLD MIN IN G has beel? carried on in the P hilippine Islands for more than 1600 yeal's, records show, and probably much longer than that actually. It has only been during the American regime, however, that the mineral resources of the I slands have been developed to any appreciable ex~pt. Chiefly because of th e increase in the price of gold from $20.67 to $35.00 an ounce, gold mining has, s ince 1933, risen from a minor industry to a place second only to that of sugu. Today t he mining in dustr y is not confined to gold, although t he yellow mek'll will be the principal m'ineral product of the: a rchipclago for many ~ears to come. The base metals, palticulal'1y iron, and chromite, valuabl.a refractory and alloying mineral, are assuming considerable importance.
G
EARLY T RA DE between the Chi nese and the F ilipinos was ba!<ed on gold as the princi pal medium of exchange. Such gold was, of course, extracted by the most primitive and wasteful method s and only the l'ichest and most accessible deposits could be worked. The Spaninl'ds attempted to develop gold propel'ties in the Mountain Province, in Camarincs Norte, and in Mindanao, but with little success. Metallurgical methods were inadequate, much of the JlI'ecious metal being locked up in complex or es, and the natives were hostile to foreign invnsion. In the early part of the 20th century, several EngJi!<h concerns operated mining properties, but for variom. reasons soon withdrew. The close of t he Spanish-American War in 1900 found hundreds of American soldiers chose to stay in the Philippines to try theil' fortune in a new. undeveloped land. Many of these soldiers came from the mining States of America, and had considerabl e experience in prospect ing and in mining. • JIll [tALPI! K>:"L£II. M",iJlu E,il'tor,
.I["" a"
D/Jil/l HuUclin.
It was but natural t hat such men should take to
the jungles of Southern Luzon and to the mountain!: north of Manila and look for the gold of which ~o much had been said for centuries. Through the efforts of these hardy Americans t he gold deposits of t he subprovince of Benguet were uncover ed, and lhe rich placer lind lode workings of Camarines Norte brought to notice. Gold mining activities in the Philippines are cal'l'ied on in four pl'incipal districts: Benguet, Mountain Provi nce; Cama rines Nor te, Luzon; the Island of ]\fasbute; and t he I sland of Mindanao. Two smaller districts, one north of Baguio in the SU)'OC area, and one just out of Manila in Bulacan Provi nce, account for a small amount of gold month· ly. More than half of the gold produced annually comes f rom Benguet, although Camarines Norte is rapidly increasing its output. Mashate is the location of the largest operation in the I slands, whi le Mindanao has but recently joined the pr oduci ng areas .
GON """ PHILIPPINES The Beng-uct district is located in the Mountain Province about 125 miles north of Manila. The area is very mountainous, and the cool, bl'acing climate, and an even temperature has resulted in the growth of the City of Baguia as the outstanding health resort of the Philippines. The mining camps of the principal companies arc within a short distance of Baguio, most of them situated in valleys and on the sides of steep hills. The natives of the district are the Igorots, !on~ noted for their fierceness, arc today peaceful citizens, although their cousins to the north arc not above taking a head 01' two occasionally. The Igorots have been gold minors for centuries, and the entire urea is dotted with their wOI路kings. As a mlltter of fact, every producing mine in the district was discovered throu楼h the exploration of Igorot workings. This condi~n prevail s throughout the Islands; every modern ml~ling opel'ation had its start in the primitive methods of thc ancients. From 1926 to 1935, inclusive, more thaii PUO,OOO,OOO in gold and silvel' (the small amount of silver produ1.'cd being a by-prod.uct of the extraction of the gold from the rock) WIIS taken from Benguet. Of the 21 gold producers in the fslands today, 9 are in this area.
-~
.
" .., i iQ['
.193 r..,,11\t1""""'"'Io..'"'I. . ~ . J~fAN1L..A. .
,<1 357
Camarines Norte has been worked intermittently since the beginning of the Spanish regime. The natives arc Negritos, and they worked the streams and surface deposits by hand, winning thereby II surprisingly large amount of gold over the years. The province is a tropical area, coconut, abaca, kapok, mango, and other products of the earth gr(lw in profusion here. The climate is warm, but cooling breezes from the Pacific make the region quit"e comfortable. The first large placer operation in the Philippines was in Paracnle Bay, at the northern end of the Province. Dredging was introduced hcre in 1906, and a~ one time there were at least 9 dredgES in operation, with between l)l6,000,000 and P20,OOO,000 in gold recovered from 1906 to 1922. At Mambulao, a few miles away, lode deposits were known to exist bl' the Spaniards. Their attempts to work these deposits failed because of the complexity of the ores. Now there are two producing mines in the area and several more in an advanced stage of development. By the end of the year there will be half II dozen gold producers in this area.
BAI-ATOC 1'.1IN1NO iNSTAl-l-IITION
-=
358
THE COMMERCIAL & INDUSTRIAL MANUAL
l\1asbate is a small island located in the inland seas some 200 miles South of Luzon. During a century or so of the Spanish rule there was considerable mining activity in the area. The gl'aoe of the ore was generally low, and the amount of gold recoverable by the methods then in use was small. The early American prospectors invaded the district, and several companies wcre formed. The oldest steady producer in the Islands, in operation since 1934, is in this district. The rapid growth of mining has brought about a revival of several properties on l\1asbate, and its gold production is expected to be considerable in a year 01' so.
Masbate is 11 lOW-lying island, quite hilly, but not as rugged 01' difficult of exploration as the MOUlltain Province. Less is known about th~ gold deposits of Mindanao than' of an other district. One gold producer is ill operation now, and other started operation in September, 19~7. The total output is not great so far, but exploration work to date indicates that both lode and plac deposits of great value may yet be discovered here. Three-fouths of the en\ire gold output of the Islands results from the ac6ivities of the Benguet,
Marsman, and Soriano organizations. The Benguet interests, so-called because of the parent company, Benguet Consolidated, operate besides that property, Balatoc, Cal HOlT and Ipo Gold. In addition, the largest low grade chromite deposit in the world, and another smaller, but high grade, deposit, are under the management of this group. Judge John 'V. lluu ssermann, who came to the I slands with the American troops during the Spanish-American War, is the head of Benguet. J. H. Marsman, a Dutch sugar chemist, became interested in gold mining in 1926, when, with his wife, he started the Itogon Mining Company. Now the Marsman interests include four lode producers: Itogon, Suyoc Consolidated, United Paracale and San Mauricio; two gold placer operations: Coco Grove and Mindanao Mining; and many other In"operties under development in the PhiJinl)ine<; : anci gold, diamond, tungsten, and base metal projects in China, and the Netherlands East Indies. Andres Soriano is a wealthy Spanish businessman of Manila, whose interests include a large bre'yery, sugar and tobacco, insurance and real estate. He entered mining through the acquisition of a large interest. in the Antamok Goldfields mine in the Baguio district, then a small operation.
P "R.'C"t..E- M"MDUt.. ~O DISTRICT
PHILIPPlNi!S This venture p rospered unusually well, and the Soriano group expanded their activities. In 1935 the l\Iasbate Consolidated, largest mining operation in the Far Enst, wa s acquired, as was an adjoining propert.y, L X. L. Severnl smaller groups control the other mining properties, A. W. Ralston, sugar and lumber machinery executive for many years, is head of Demonstration, 8alacot, and Benguet Exploration. Paul A. Meyer , tobacco magnate, and W. W. Han-is, lumberman, arc the men responsible for the succellS oi Baguio Gold, Big Wl!dgc, Ulld Atok Gold. 'rhe Engi neel'ing Equipment and Supply Company has built mills for Baguio Gold, Salacot, Ipo Gold, East Mindanao, and now is operating the Mindanao Mother Lode Ilropel'ty. Mining operations other than those concerned with gold are so far in the early stages. While practically every metal known has been found in the Islands, only a few exist in commercial quantit ies. Of these, iron, chromite, manganese, and copper Ilre the most important. III the P"o\'ince of Zambal~s, a few houi's north of Manila on the China Sea, chI'omite h a s been found in great qua n tit.~'. Consolidated l\Iines owns a de-
NBW HARRY
TUNNBL S ItOWINQ DUMP
359
posit at Ma sinloc which contains 10,000,000 tons of low grade orc well suited for refmctory purposes. This pl'Opel路ty is u ndel' the operation of Benguet Consolidated; production started eady in 1937 on a small scale. Contracts fol' the dis posal of somc 60,000 tons of the ore have been signed, and ship_ ments made to the United States. Negotiations are g.oing on for the fu r ther sule of the product, a nd it is more than likely th~t th:! Philippines will dominate the market for this type of chromium. South of Manila, in Camal'ines SUI', 100,000 tons of high gmde chromite ore, suitable for alloving purposes, was blocked out by the Flol'an~ie Mining Company. Chrome steel is u sed in the manufacture of armor plate, among many other things, and consequently is extremely valuable a s a strategic war material. The entire output of this mine, which is also under Benguet management, has been sold to the Union Carbide Company of New York. Some 20 companies are working on chromite properties. A few of them have made trial s hipments of ore, chiefly to Japan and Europe. The entire output of chromite mines other than those under Benguet management probably will not amount to 50,000 tons a year.
OF HARRY No. I- M"'"m
GOLD FUILOS, INC'.
360
THE COMMERCIAL & INDUSTRIAL MANUAL
With practically every nation in the world engaged in il. rearmament race, the importance of chromitc as a war matel'inl can be appreciated. Wodd sources of the material a r c scattered, and in time of Will' prices will soar to fa bulous heig hts. For this r eason the chr omite resources of the Philippines arc among the most valuable r esources of the countr y. Iron mining to date has been confined to one company, the Philippine Iron Mines, which operates in Camurines Norte. The entire output has been sold to Japanese intC!l'csts, and around 600,000 tons of hi gh grade orc wel'e shipped in 1936. Ther e are sizeable deposits of iron orc neal' SUrigao on the I sland of Mindanao, wh ich have been reser ved by the Government. Thc lack of su itable coal for blast fu rnace use, a nd the low grade of these deposits makes it unlikely that the Philippines will evel' develop a pig i~on industry of its own. Coal is found in the Philippin'es, but it is of poor gl路ade. Manganes and copper are found in Ilocos Norte, and in t he Southem Isla nds. A few shipments of these ores have been made to Japan and to Europe. The production of these minel'a13 will increase somewhat during the next few years,
but is unlikely that their value will ever be of any great importance. During the fit'st half of 1937 the entire mining industry has g r own tl路emendously. Expansion programs have been started by Benguet Consolidated, Itogon, Antamok Goldfields, San Mauricio, United Paracale, Demonstration, a nd Masbate Consolidated. Most of these programs were nearing completion by the middle of the year. The s ix-months' production was around 1'25,000,000, a substantial increase over the same period in 1936. Operations in all of the big plants were slowed up consider ably, however, by construction work. The last half of 1937 should see a great increase in gold output, an,d the f inal figure for 1937 will be weU over the P50,OOO,000 indicated by prescnt records. A smelter built in Camarines Norte by Mal'sman and Company has done much to stimulate activities in that area. Concentrates from United Paracale and San Mauricio are being treated at this smelter, thus saving excessive transportation and smelting charges in the United States. Many properties have developed orc high in copper. Such ore cannot be trea d profitably in ordinary mill s because of thp high cost of shipping concentrates. The introduc--
SOYOC CONSO I.IOATIlD MINI!
PHLLIPPINES tion of smelting into the Philippines provides 3. market for all such orcs. An interesting develolllllcnt in thc Suyoc area has been the star ting of a drainnge tunnel to be 0,000 feet 101lg. This tunnel will drain the entire district, nnd it is expected that several mines will be developed as a result. Phlcel' mining in the Philippines is at present: confined to two small operations, one ncar Cebu, the Tambi s project, and the othel' in the southern part of Mindanao, the Mindanao Mining Company. Two large bucket type dredges are being built for use at Parncale, by Coco Grove, Inc. The location of the property is ncar the scene of early dredging operations, and more than 1115,000,000 in gold has been blocked out. The dredges will be in operation by the end of the year, and a lat'ge amount of gold will be produced monthly. A stock market boom has accompanied the expansion of mining adivities. In 1933 public interest was first aroused in mining shares, and a small bull market occul'l'ed. After two years of comparative quiet, the Manila mining share market boomed in elll'nest during the last eb: months of 1936. Prices rose to abnormal heights. Two new stock exchan~es were opened, and ,ozens of business-
361
men deserted their desks to become brokers. Stocl: trading business done in 1936 by two exchang(>s tota led P350,000,OOO. Housewives, servants, clerks, merchants, teachers-all were heavily involved in speculating in mining stocks. Fortunes were made ovel'night, as the upwun! thren continued with hardly a brenk. In Octobe)', 1936, however, a sharp slump took place. The market recovered from this slump, and pl'ices picked up for a time. The coming of the new year found stock prices moving steadily downward, and by the middle of July the gold share averages wcre back to the June, 1936, point. Tremendou s interest is still apparent in mining stocks, but the boom days arc over, temporarily at least. Hundreds of small speculators, most of them people who gambled with their savi ngs, thei~' salaries, and their futures, are holding stocks bought on margin at abnormal prices. The new Government has takcn an active interest in the mining industry and in the stock market. A Bureau of Mines has been created for . the administration of mining. Thc new mining law provides (01' a leasehold system instead of private ownership and imposes a gradUated tax scale on the basis( of gl'OSS output. The Government reserves the right to change the rate of tnxntion at
THE COMMERCIAL & INDUSTRIAL MANUAL
)62
will, and as a result mining operators fear that as they prosper the Government will take more and more of their earnings. The fate of the Philippine mining inclustl'Y is thus in the hands of the assembly. Since, however, many of the leading politicians are heavily involved in mining entcl'prises themselves, it doe!' not seem reasonable that excessive taxes will be levied . 1\1ore than 300 mining companies are now registered in the Philippines, and they represent an investment of some P150 .000,OOO. About 25,000 men and women urc employed in mining operations directly, while the total labor payt'oll for 1936 was morc than 1'8,000,000. Knowing the Filipino tendency to lUl'ge families , it is safe to assume that thel'e are at least five members to each family, so some 125,000 people are dependent directly upon mining for their livelihood. The Philippinc mining industl'Y has an extrcmely bright future, if gQ.vemment interferen'Cc is not too great. The mineral resources of the archipelago have as yet barely been ~uched, and indications are that they are many and valuable. N.""
Cil,,./'Vli••
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96.962.95
FOREIGN MARKETS FOR PHILIPPINE ORES' ECAUSE
B
OF comparative isolation from the principal manufacturing countries, the Philip-
pines is at a distinct disadvantage in the marketing of its ores in foreign countries.
Freight
rates between the Philippines and the Atla::tt'ic seaboard in the United States, a nd between the Philippines lwd Europe!o.::t manufacturing c.enters are in many cases prohibitive.
'Ve
must pay $5.00 per ton to send ores to the United States and £0/37/6 a ton to send to Europe. Thcre are many other sou rces of raw ores all of which enjoy better freight rates, so far as
ocean freight is concel'Ded, than do the Philippines,
Compal'ed with other sources of supply, therefore,
unless substantial land freights ell tel" into the question, the Philippines finds itself at a great disad~ vantage.
Consequently, s ince base metal ores are usually sold on a competitive basis with a consequent
low margin of profit, Philippine ores must be either noncompetitive in character or of such unusually high grade that they can command a premium and carry the freight differential, if they are to be marketed in Europe 01' America. ON THE OTHER HAND, there is a growing demand in Japan, in which market the Philippines has • nil ,\ . F . D g (l(l~I:I"' . 1' ,'u_ Pru ,dul, B enll".1 Conlo/'dol. d .4/i"i"l1
Comp,,"v.
the advantage in freight differentials. There are regular lines of Japanese ships calling here which are very desirous of obtaining cargo for the backhaul. particularly ore cargo which can be u sed as ballast.
PHILIPPINES Thus in the case of orcs which are competitive because of being average to low g rade, and therefore unable to cnter other markets can find a market in Japan up to the limit of its needs. In the case of iron ore, for example, although Philippine iron orc is of Cl:cellent quality, it meets severe competition in the American market from ores of approximnteJy the same quality produced in Nort.h and South America. Consequently, there is very little chance of marketing Philippine iron ore in the United States but Japan can buy this orc to adVantage. In cases of this kind, where the freight differential prevents us from meeting competition in other markets every effort should be made to encourage agreements which will permit the market.. ing of Philippine ores in Japan. In the case of ores which by their unusually high grade or other qualifications are not subject to such intense competition. we should also endeavor to develop the broader markets offered by European and American manufac'turing centers. This is particularl y true in the ca,e of chromite the total demand of which is so limited, that we m ust get into all possible fields if we are to secure a satisfactory volume of business. High grade chromite htls comparatively ready sale in limited qUantities,
363
but the market is a very narrow one and any delive r y in excess of demands at any particular place immediately depresses th(: price. Chromite of a grade comparable to that produced in the Philippines is also produced in Turkey, now the leading chron\e producing country, New Caledoni a, and South Africa. In all of these instances, t he industries arc long standing and ent r enched behind large financial reserves, so tha t they are in an excellent position to fight a trade war if ovel'delivery should force the issue. In the case of lower grade chrome, the Pbilippines will have to meet Cuban, Turkish, and Grecian producers on a severely competitive basis if they are to obt..-lin their share of the business. The disadvantage we s uffer because of freight differentials must be overcome by cheaper production costs. Cueful study has shown this to be entirely feasible but any unexpected increase in such production costs might render the business unprofitable. It is for this reason that the Benguet Consolidated Mi ning Company has so strongly objected to the proposal now before the Nationsl Assembly to force products for export, including Philippine ores, to be first brought to Manila in coastwise shipping and there transferred to overseas vessels.
THE COMMERCIAL
364
&
This would mean extra costs for stevedoring expenses into the Philippine vessel, freight to Manila,
and transhipment into the larger vessel. Further路 more, coastwise shipping could not handle more than a thousand tons at a time, whereas, we must plan on making shipments of 5000 and 6000 tons at a time if we arc to meet competition which means demurrage of the overseas vessel in Manila while cal"goes can be brought to it by coastwise shipping .. FUNCTIONS
OF
THE BUREAU
OF
MINES
The Law creating the Bureau of Mines requil'es the Director to: Make topographic and geological surveys of the Philippines. Collect and disseminate information, and conduct pertinent investigations concerning mining administration and o~eration, the utilization of mineral s, and the establi shment of mineral industries. Conduct studies of mining practices and methods relating to the protection of life and property, economy of operation, prevention of waste, and disseminate the results and info~mation in appropriate bulletins or circulars. Conduct investigations relative to ore dressing and metallurgical processes with a view to opening new avenues of development and utilization of valuable minerals from their ores. Perform work on assaying and smelting and on testing and id(lntification of rocks and minerah. Establish and operate a refining plant for the purpose of refining, and purifying, smelting, and treating gold, silver, copper, iron and other products of mines. Conduct geological investigations relativc to mine engineering, construction, and planning. Have direct supervision and control of the work and the office of mining recorders. Require of every corporation or association engaged in mining to kee.p in its office a complete sct of bool~s showing at! rC!ceipts and expenditures, the sources of such receipts, the objects of such expenditures, and also all transfer of stocks. Require of every cO!'poration or association engaged in mining to submit to his office a report verified under oath of the president and secretary containin~ I'ln itemized account or balance sheet for the previous semester, embracing a full
INDUSTRIAL MANUAL and compl~te statement of all disbursem~nts and receipts; all indebtedness or liabilities incurred or existing at the time and for what the same we)'e incurred, and the balance of money, if an)" on hand; a statement showing the number of men employed, and for what purpose, and the rate of wages paid to each; a full statement of the work done in said mine, the amount of ore extracted, from what part taken, the amount sent to mill for production, its assay value, the amount of bullion received and shipped , and the amount retained, if any. Every mining corporation 01' association is also required to keep in its office, subject to inspection of stockholders 01' membo::!rs, !l full report, under oath, of all discoveries of ores 01' mineral-bearing quart'!: made in said mine, whether by boring, drifting, sinking, or otherwise, togcther with the assay values thereof. Prepare, with the approval of the Secretary of Agriculture and Commerce, instructions, rules and regulations consistent with law. An appropriation of Pl00,000 is vot(!d by the Act for the expenses of the Bureau in 1937. PHll.IPPINE
M I NES
AMONG LEADING WORLD
PRODUCERS
It is shown in Technical Publication No. 709 of the American I nstitute of Mining and Metallurgical Engineers, which was presented by John J. Craston, that Balatoc, Benguet Consolidated, Antumok, Hogon, Baguio Gold, Paniqui, and Ipo vie with the world's leading gold mines. Balatoc ranked 34th in point of production in 1935; Benguet 44th; Antamok 80th; Itogon 89th; Baguio Gold 140th; Paniqui 144th; Tpo 146th; "Revaluation," says John J. Crastoll, "at Oll'e stroke has uncovered countless new gold fields and has had a more profound effect than the work of a huge a=my of prospectors could accomplish in generations with the old price still obtaining. These new gold fields are of foul' general classes-the former marginal and submarginal ores ir.' exi .s tin~ producers, which heretofore had little or no value; the lower-grade ores left in abandoned mines, which are now capable of being mined and treated at a profit; the known lowgrade deposits that never have been worked because of the impossibility of explOiting them at a profit at $20.67; and deposits sufficiently rich to be worked elsewhere but )'emote from transportation or in refractory ore too expensive to treat and with low recoveries."
l6S
PHILIPPINES
MINING INDUSTRY: ITS IMPORTANCE TO BUSINESS AND GOVERNMENT' S AN introduction to the main theme of this paper, the impol'tan'Ce of the mining industl'Y to the business interests of t he Archipelago and to the Commonwealth Govcrnment-I will briefly outline the hi story of the industry f rom 1898 to 1935. During thnt period about 300 associatiol,'i; and corporations were or ganized to develop mining clainls. Most of these claims were filed on gold prospects either lode or placer; some wer e coni properties, others iron; and still others were various types of base metals. In 1934 and in 1935 many new corporations were formed to develop chl'omite mines in addition to the companies already organized; also in 1935 a number of oil de veiopmcnt companies were incorporated. Prior to 1932 qua r tz. gold mining had been concentr ated in' thc Baguio and Masb:He mineral districts. From the early days of American occupancy placecr mining has b::!ell carried on t here nnd also in various other districts, notably in Paracale-Mambulao. Sir,'(:.e 1932 mineral claims have been filed in
A
practically every province of the Philippines. FEW COMPANIES SURVIVE OF THE MANY i\fiN ING COMPAN IE S incorporated prior to 1930 oril y three are now producing gold. They are the senior companies of the Baguio District. The other cC{rporations are either quiescent, defunct, or dissolved Official records show thc\amoun t of capital paid in at the date of incorporation. There is no record of capital later paid-in. Consequently it is impossible to state with any accuracy how much money was spent by mining companies that never made any financial return to their shareholder s. It is probable, however, that approximately fifty million pesos was spent by corporations now defunct in abortive attt'mpts to produce gold.
That was economic waste. But business interests and the government benefited from t he expenditures of these mining companies. The money was spent on payrolls, mine supplies, tr.:mspor tation , mineral recol'ders fces, and the many other items that make up the total of mine e:q>enditures. There was a spectacular period of economic wastc following the boom of 1933, when mining claims were located in every section of the Islands. Ag-ain business and government gained, although the invC!stors lost who put their money in ill advised venturI's. The Bureau of Internal Revenue must have r cceived handsome r eturns from the stock speculato!'s who took their profits, while thel'e wCI'e profits to be nlade; and the mining recorders piled
up fees that later went into new provincial buildi ngs and improved roads. BUS I NESS PROFIT FROM WASTE
To file claims on non-mineralized land; to spend money tl'ying to make a paying gold mine out of a prospect wher e there are only traces of gold, or gold in such quantity and of such a value that it could never be made a commC!rcial mine, is economic waste, This is th e third time I have used that phrase, but I want to impress the injustice of placing on the gold mining industry as a whole the responsibility fOl' the recklessness 01' over optimism of those who took a "flier" in 1933. But again I wish to emphasize that business and government profited from their expenditures, If an individual or :l syndicate laid out :l large area of land in coconuts, paid for the planting, cultiv;ltion and over-head and then failed to get a crop because there was nn inadeq\lnte water supply, or wOI'se still no water, all the money invested would be lost. But while the opel'ations lasted there would be expenditures for payroll , supplies, and overhead; and business would profit by these disbursements. This situation, if such could exist in this land of agricultural experts, would be COmllal'able to spcnding money on a gold mine, where there is no paying orc. STE;\IlY GROWTH OF PRODUCTION
It is only fail' to state, however, that prospectors and mining companies have not had in the Philippines the advantage of a govel'llmC!nt geolog-icaJ
366
THE COMMERClAL & INDUSTRIAL MANUAL
SUI'VCY slich as the mining industl'Y in the United States hns found so helpf ul. Ha d the U.S. Geologic,,) Survey mapped the Philippines, the miner alized arens would have been known to mining companies; and many of the claims filed in 1933 would never have been l'e<!orded. But since 1930 there has been a steady gain in the number of producing gold mines. In 1935 sixteen gold mines were ill production; and thl'ee or foul' morc will be added to the list in 1936. Before 1929 only two gold mines paid adequat<! dividends ' to their shareholders, one in the 8aguio district which is still paying dividends; and one in the Masbate district that closed down. In 1935 six gold mines paid dividends. Th r ee of these have returncd to theil' stockholders in dividends t h<': full :!mount of their stock subscript ions, which is the first obligation of every succ"essful gold mine. P<l2AoO,OOO FOR 1936 And since 1931, and notably sinc"e 1933 there h as been a great incre se in th.:! t otal gold bullion production in t he PhiliI\l>i ncs. T he r ecorded pr oduction in 1934 was P23,701,923; and the total for ] 935 is P31,436,028. T he estimated p r oduction for }936 is P42,OOO,OOO.
Following is a tahle giving the gold production yeal' by year since 1907, when official r ecords were first kept.
..
GOLD BULLION PROOUCED IN THE PHILIPP!:':!: ISLANDS V~I.,
,"'"
I'"1S7.6f7
'".lOO
....
1909 ••
49S,1~
".
1'110 .• 1'111 . l'1ll .. 1911 ... 1914 •. 19I5 •• 1916 •. 1917 ..
179.906 1.\-+0.414 1.736,71~
1,)49.167 1,6}1,5d 1.01l,7SS 1.6IS,iU 1.S75m 2,619.449
1918 ..• 1919 •
lAU.606 1,626.191
1920 .. 1911. 19l1 ..
2.931.(191 1, )12.654 l)Sl.<m
19lJ .. 19H ..• 19U . ... 1916 • • 1917 ••
19l1 .. 1919 .• 19lO• .
19)1 19JZ .. 19l1 .... .
19)4 .. . J9lS · . 19}6 (.".) ..
""'m.«d <01.11 f.... hin,. Tun ..
UN ITBD P ARACALB MIN1NQ I NSTA LLATION
}.891,979 ... ..•..•
).8)1),)76
- - - I'lO.l9I .H1 1.171,461 ).808.IH 6,7010.781 7.-109,598 7,S14.567 10.100.167 16.190.795
2l.'OI,9lJ )1,436.018 41.000,000
1'151 .lS4.74
PHlLlPPlNES To show the advance in the gold mining industry during the past ten years, and especiully sinc2 1932, uttention is directed to the gold production in the deccde 1927 to 1936. The estimated total for that period is P155,000,000 (approximately) which is three and one-half times greater than the gold production from 1907 to 1926. During the last five years the total production is estimated to be P126,000,000. When the gold mines now under development arc in production it is probable that the yearly output will be in excess of P50,000,000. P. I. GOLD MINES Low
GRADE
The almost sensational advance in gold produt:tion beginning in 1934 was caused partly by the new mines coming into production; but pal'ticulad y by the increased mill capacity of the established mine:; to enuble t hem to min low-grade orcs. At the old standard of $20.67 per troy ounce low-grade ores could not be mined profitably. But when gold became a commodity in 1933 and its price advanced to $35 the older companies began extensive plans to mine low-grade ore. This has had far-reaching consequences to both business interests and to the Government. For in both the older mines and in
367
the newel' mines low-grade ore in quantity far exceeds hig h-grade ore. In fa ct with a few notable exceptions the gold mines of the Phil ippines are distinctly low-grade mines. By mining low-grade ore the life of the older mines wilt be greatly prolonged to the advantagE.> of labor, business communities, govel'nment, and shareholder s. I can not make too emphatic the fact that it casts as much to mine low-grade ore as it does high-gl'ade ore. Labor is paid the same rates, t he overhead is the same, and all expenditures for supplies remain the same. The only difference is t hat the shar eholders get less profit per to n. It might be interesti ng to say that for every ounce of gold produced from ore valued at P12 pel' to n, 12 tons of ore and waste must be handled in the mine. That shows why such a large number of laborers are employed in the mines. To put it another way-the labor of 14 .64 men shifts is required to produce a single ounce of gold . OVERHEAD FOR. GOOD AND BAD Cr.op Those who have planted a crop-rice, tobacco-anythin ~xpecting a normal good harvest and then to nave your hopes destroyed by typ hoons and flood s, know that it costs as muc h to harvest a poor
ENTRANCE TO H ALIGUIN BATO TALUS DIlPOSIT AT UNITED P "RACA LB
368
THE COMME RCIAL & INDUSTRIAL MANUAL
crop as a good one. Your overhead is the same, YOUl' expenditures for labor and supplies is the same. Jus t as in the case of mining low-grnde, the only diiCerence is in the profit. Ag riculture and gold mining are, of course, utterly di stinct industl'ies; but as employers of labor, as producers of wealth, and as s upporters of the Commonwealth's economic progl'am they nave common ch:u·acteristics. Per unit of value, however, gold mines employ more labor than the a gricultural industries and at a higher wage scale; and the gold mines nlso contribute directly to government revenue by a tax based on production in addition to taxes in many other forms, which will be explained iater. MINING CONTINUOUS INDU ST RY
Unlike agricultural industries gold mining is not sea solwl, for mills are kept in operation twentyfoul' hou r s a day, evety day in the year. Thi s regula r employment of labor and the constant disbursements f or payrolls and supplies is of great importance to t he business interests of the Archipelago. To indicate the position gold mining is assuming among the producing indus I'ies of the Commonwealth , figlll'es compiled by t: e Sta tistics Division,
OrreCiI "':-"0 ST ... ""
Department of Agriculture and Commerce, showing the 1934 production of the ten principal crops follow:
,.,
V~I.,
Cln<. '. S"8" rob, . '.3. Co«Jnu" •.
..
~.
I'162,i8~.II G
1~.744.l6D
27,H6,6SO IMOI,OIIO 11,))9.)10
a'01n ... Cotn ••.
6. Ab.c.L. I>bnp• . Tnb.<co .
,.
JO.913.lOO
.. «. po""'" ".
1.9 1~,9 70
l.I16-1.100
9. S..
l,l06jlll 1.1Ol.,O9O
Call.....
The 1934 gold production of 1'23,701,923 would place the mining industry fourth in the list. In 1935 t he production of P31,436,028 would possibly give it third place; and in 1936 with all estimated production of P42,OOO,OOO it would follow uftel" paiay and ahead of coconuts; provided there is no material change in the value of those crops. MIl\'I NC TO SUPPLA"T S UGAR? Then~
has been consi derable discussion about the part that gold mining will play when the sanct ions of the Tydings-McDuffie Act are applied to the ajfricultural industries-that it will for exampl~ tal,e tohe plnee of the sugar industry a s the principal
Ho usr:- MIlPASO
G01.0 FIELDS,
INC
______________~P~H=IL=I=P~P~IN~E=S~______________________~369 wealth pI"oducer in the Commonwealth. I n my opinion that is idle discussion. In the first place I have great faith in the justice of the American people. When the facts are known I am confident that they will not pCl'lnit any of our basic industries
to he destl"oyed, h l"jng-ing ruin to the citizens of these Islands. But mining in the future will not be confined to gold mines. We can expect commercial production of chl'omite. of iron, and othel" base metal s.
REVIEW OF THE PHILIPPINE MIN ING INDUSTRY' HE PHI L IPP INES is rich in minerals.
T
Ores of the following metals, minerals an'd mineral
PrOducts occur in greater 01' lesser quantities within the confines of the archipelago; gold, silver, copper, l<!ad, ziri'C, iron, manganese and chromium; coal petroleulll, asphalt and related bitumens; asbestos, gypSUlll, min s-l'al waters, phosphale rocks, salt, and sulphur; clay, limestone, and building a nd ornamen'tal stones. I'~I"
You 1919.. 19Âť. . 1911
t'6,S51.Z46 7.'95.)13 M9l.ll)
1912
IO.ool.lOO
191J. 19,... 19l5..
16,190,;93 lJ.m,'I6S Jl.J.Dl,167
193&
' \_
*-8/1 QUIIIICO A.
'\U~D1L"",
Dirrc/or.
+4.'!l,~)7
~"rrll" ~I Jfil"~.
MINIIUL
GENERAL SURVEY OF THE M I NERAL RESOURCES
In the following paragl'aphs, the nature, occurrence and extent of development of the more important mineral deposits are briefly described: Gold-Gold has been found al most throughout the archipelago but the most important gold districts are the foll owing;
Moml tain Provincc District:
RE$OURCBS-Mu,N1luQull
This distr :ct in-
370
THE COMMERCIAL
&
eludes the old Baguio nnd Suyoe mineral districts a nd the area between t hem. The typical veins in t hi s district a r e fissure veins in andesite and diorite a nd vary from 1 to 50 meters in width. Quartz is the principal gangue mineral but in places is mixed with calcite and manganese. In the vicinity of Ba guio the ore is fl'ce-milling, and about 30 per cent of the gold can be amalgamated, but practically all of the companies arc using the all-sliming and cyaniding method of extraction, altho lately, flotation method has been introduced successfull y. In the Suyoe urca, the orcs al'C sul phide ores.
The Camal-incs Norte District: This district comprises the area in the neighborhood of PurBeale and l'I'ra mbulao, Camarines Norte province, where vein as well as I)lacer deposits are found. The veins are quartz-calcite in granite, a ndesite a nd along their contacts with metamorphic rocks and vary in width from 1 meter to 10 meters. Gold has been recovered mainly from\jJlacel' deposits in the past, but at present, two lode lllines a r e producing since 1936, and two more are expected to produce in a short time, possibly this year. The Masbate District: l1'he l\Iineral district of Masbate is located about ten ,lometers south of the
INDUSTRIAL MANUAL town of Aroroy, Masbate province. The veins are mostly of the fissure ty pe in andesite, diorite and pyroclastics, but in one mine the ore is found in the form of a body. The ore is hard and mediumhurd quartz with manganese and calcite. There are now three producing mines in this distl'ict, one of them having a mill of about 2,000 tons pel' day capacity, the largest mill in the Philippines.
The Sutigao District: The district has been opened up since the last two or th r ee years. Thcl'e are vein as well as placer deposits in the district, the vein being of the fissure type in andesite country rock. At present there is one producing lode mine in Placer and a producing placer mine in Tambi s, while the placer mine in CUl'uall' is about to sta r t production. Zwmboul1ga may be considered as another district but so far no mining operation there has met success. The B11lacun Distl'ict: This district is comparatively new but it has already two producing mines, which star ted p r oduction within the last two years. In this district the veins are of the fissure type in bassalt and andesite-d iorite country rocks and a re gener ally of low grade.
BALATOC M'N'NG INSTALLATION
PHILIPP INES The othel' gold districts which arc undergoing prospecting and development arc the fonowing: 110ros district which includes 1I0C05 Norte, Ilocos Sur and La Union; Cagay:m and Isabela district: Nueva Vizcaya dist!'jet; Zambalcs district; Pangasinan district; Nueva Ecija distl'iet; i\larinduque district ; NOl'thcrn Mindoro d:5t1'ict; Cchu dist:ict; Leyte district, mainly on the island of Pannon; Northern Mindanao disb'iet; and Zamboa nga district.
The mpid development of the gold mining industl'Y in t he P h ilippines dUring the last three years may be due to two main causes; namely, die increased pl'ice of gold and the decline of the agl'icull<lr ai and its all ied industJ路ics. On account of t he increased price of gold fro m $20.67 to $35.00 an ounce, it has become profitable to work low grade or es, which form the bulk a nd arc the hope of the P hilippine gold mining industry. Most of the capital in'(ested in the gold mining indu5tty is American and ~reigner, and the management of most of the companies is in their hands. Filipino capital has only of late entered the mining industry, but it may eventually be the controlling capital.
Aoso
371
There arc at present 286 incorporated gold mining companies of which 21 are actually producing gold. There arc about 60 gold mining companies in process of incorporation and quite a numb!!r of associations have been formed, but no accurate number can be obtained of these associations until they are incorporated. Besides these gold companies, there are about 60 other companies organized for the purpose of exploiting other mine!'al resources, notably iron, chr omite, oil , manganese and asbestos. One iron company is now shipping regularly to Japan about 300,000 tons of iron ore per year, Two ch r omite companies are expected to make regular shi]>ments to the United States. I n connection with the growth of the mining indust l'y in the P hili ppines, it w ill be of interest to relate her e the activity of the Manila Stock Exchange and other stock exchanges in Manila, T he Ma nila Stock Exchange was founded in the month of August, 1927, to handle almost exclusively industrial, commercial, sugar and financial securities, for which there was hardly any demand, but did not begin to function as a regular Securities Exchange until about the middle of 1933, coincident with th(' mining boom of that year,
RU'IIR POwIiR-BII...... OU拢T Col'WI.IDATIiD MINES
372
THE CO MMERCIAL & INDUSTRIAL MANUAL
The deposit in Cato, Municipality of :Masinioc, Zambaies, is estimated to contain over ten million tons of about 38 % chromite, probably, the largest sing-te chromite deposit in the world. There are about 60,000 tons in Pasikar, Municipa lity of Sta. Cruz, Zambales and other smaller deposits not far hom this place. In Camarines Sur, the deposit is estimated at. about ]00,000 tons of hig h gnlde chl'omite, while in the other places mentioned t he chl'omite deposits are stiU in t he exploratory stage. Shipment from Zambales and Camarines Sur to the States is expected soon. Some of our chromium ores are of high grade, calTying morc than '18 pel' cent chromite oxide. As the world supply of high grade orc is limited and its use in war and in times of peace evel increasing, the importance 01\ the deposits of the Philippine I slands can not be 0 ercstimated.
The wharfage tax of P2.00 was removed on iron and steel metals presumably so that the ores may be exported at a profit to centers of iron and steel production. It is bclieved, ~owever, that the wharfage tax should not have b)en removed altogether but merely reduced. In the p~rticular case of chromium ore the question may well be a sked whether
01' not it is sound policy to hasten the exhaustion of a min~l'al supply, which is known to occur in limited quantities in other parts of the world. Coal-There is some coal in practically all of the larger islands of the archipdago but in commercial quantities it occurs only in t he following districts:
C",I f,dd ,nd pro.i"" Too n.,.
A,., of «1,1 bu,in, fonn.""". Sf. K..
8.1>0 1sZ."d. ,0.11>1, •• Ccbu bl.od. C.bu, Cojum"jum.,,,,· . Coml'<>".b·D.. o.o . . Ulin,' . Sibo",., (M.J.",..) , S.,OO 8'1, Pol1ll0 blood, T.pb.. ·• eo",io, .... Mub.« 801.1=", Miodoro ..
So....,,,,,,
To .. 1.
Zambo'.'., ..
.,
..
" "", '"
P,ob.bl. P,od""ioa
, .. ".,
"" '"'"
""'"
"
,\I"", n., 2.5CO.OOO }.-I<Xl,OOO 2.~OO,OOO
3.-100,000 1.600.000 1.000.coo
"""" ..,"" IJ.lOO.OOO
The coal-bearing formations of t he Ph ilippine Islands are of Tertiary age and for the most part belong to the Oligocene period. The coal basins are comparatively small and discontinuous and of irregular outline. This is to be expected on account of
PHILIPPINES the p~nin sulal' and atchipelagic conditions which existed during the coal-forming period, The scams ne generally folded and fault~d, sometimes intruded by ingcnous rocks, Thcr~ arc f our minable scams in most of the fie lds altho as many a s eight seams have been penetrnt~d by some of the drill holes, The seams now being mined arc from 0,3 to 2.5 meters in thickness, although scams having a thickness of 4.5 meters and cven 8 metel's are known. The dip of the scams val'ies from almost horizontal to nearly verticnl, but in general, it is more than lOa,
The coal fields contain lignite (brown'), subbituminous (black) and bituminous coals. The so-called semianthracite of the Sibuguey (Malangas) field is not really semi-anthracite, bu t merely a high-curbon bituminous coal approaching in character the semibituminous coal. The lignites al'e found in areas of least disturbance a ay from uplifts, The subbituminous and bituminous coals occur in the areas of diastrophism and vulcanism whereby the character of the coal has been changed by pressure. The lignites show a distinct woody structure. The subbituminuous coal s weather vel'.y irregularly and reduce to small irregular fragments when left to stand for a long time, The bituminous coals are black.
)7)
with a s hiny luster, hard, and have a more or less cubical fracturc, Considerable difficulty is experienced in s toring the lower grade coals on account of spontaneous combustion. The coals arc generally non-coking, except some soft coking coals which aloe found at Gutas in t he Sibuguey field in Mindanao and a t Guila-Guila, Mount Uling, and Toledo in Cebu, For the purpose of supply ing the nearly 500,000 metric tons of coal imported annually into the Philippines, the National Coal Company was established. The Sibuguey Coal Field (Malangas), Zamboanga, and the Mount Lieos area of the Compostela-Danao Coal Di strict, Cebu, were the scenes of operations of the National Coal Company. Unfortunately, the enterpl'ise was a miserable failul'c, thc Government having lost ther eby more than 1'5,000,000. It appears that no sufficient geological study was made to determine the structure of the coal deposit and the amount of coal available, Too much money and work were expended on equipment and surface plant before any coal reserve was assured, As a matter of fact, :'. 13-kilometer l'ailroud was built and equipped, barges werc br ought to the Sibuguey river, a nd a 4-kilometel' aedal cable tramway was installed without knowing whether there was sui-
374
THE COMMERCIAL & INDUSTRIAL MANUAL
f ici ent coal r eserve to justify such e:oq)ensive transportation facilities. This is considel'ed one of the worst mistakes in mining, and one that may be attributed to sheer ignorance of sound mine engineering practice. In 1936, the coal deposits in the Mt. Uling district wa s lct on contract for development to a local mining ope l'ator, for the purpose of supplying the needs of the Cebu Portland Cement Co. Surface geological s tudy supplemented by cOl'e-dl'iJJing has blocked a deposit estimated to contain more than one mill ion tons in one section of the field.
Petro /c um-The Philippine rslands has produced so far no mineral oil in commercial quantity, The following localities are known to contain oil and are considered worthy of exploration; Bondoc Peninsula, Tayabas ; northwestern part of Leyte; Toledo, Cebu; southern part of Mindoro; Pidatan district in central Mindanao; and Calatl'ava di strict in Neg ros.
or these localities, the Bondoc Peninsula is the only one that was tested oy drilling. From 1921 to July, 1924, the Richmond Oil Company of California, <l!'illed in this district the following wells:
¥ cb.. n No. I '. t\ ru&~" No. \ .. No. I" D' No . I '.
S.r.
I....
617 f,« I,)l(l
r«,
l,7}7 {«, }.1l7
r«,
The company, after drilling a total of 10,814 feet encountered slight indications of petroleum and natural gas, but no oil accumulation of commercial size. The company discontinued drilling in July, 1924, and stored all its field equipment in Manila, In 1934 and 1935, following the mining boom of 1933, several oil companies wel'e organized locally to engage in the oil business. Theil' activity was rather sporadic and nothing was accomplished except a little cursory exploration work by unexperienced technical men, A well known foreign oil fil'm sent several experienced geologists to explore the f ield but they left after nearly a year for unknown reasons. The Philippine petroleum is light brown to wine red to violet in color. It has a paraffine base and the paraffine coment is usually high. It loses part of its lighter constituents readily upon exposure. The density of the oil ranges from 21 0 to 38° Baume. Act 2814 of the Philippine Legislature creating the National Petroleum Company was approved on Marcn 4, 1919, but the company never functioned.
PHILIPPINES Asphalt alia: Related Bitltmel!s-Natural asphalt and bitumens are found in the extreme northwestern peninsula portion of Leyte in the vicinity of the town of Villaba. The asphaltic material occurs as impregnations of sandstones, limestones and clay tuffs, and appear to be the residue of petroleum, after its lighter constituents had volatilized. It also occurs in distinct fissure veins in clay tuff. The deposit has been variously estimated to contain between 2,000,000 and 10,000,000 metric tons. This deposit is now being worked by the Manila Rock Asphalt Company which is attempting to market it a s road surfacing material and to extract from it some distillates. Asbe8to8-The best known deposit of asbestos in the Philippines is located near Bangui, Ilocos Norte. It was worked in 1918 and 1919 but later on abandoned. The as1>fstos in this deposit is classed as amphibole, containing. the minerals tremolite and actinolite, and chl';xsotile commonly associated with serpentines. The asbestos occurs in veins and pockets. In most veins the.. asbestos fibers run parallel and in some tra nsversal to the vein, while in pockets, the asbestos occur in mas,ses. But the bulk of the deposit occurs as paral)el fiber.
Ou. T asTING
LADOR \TORy-
FIRII路AssA\路
ROOM
)75
GypS-11m-The most important gypsum locality in the Philippines is located near the banio of Talahib, Lobo, Batangas. The deposits are in the fOlln of vertical, somewhat inegular, fissure veins from a few centimeters to about a meter in width. The wall r ock is a ndesite, which near the vein is altered and heavily permeated with gypsum. In 1924, this deposit was developed and the product was used b~' t he Cebu Portland Cemen t Com pan)' in the manufacture of cement. Othel' deposits similar to those of Talahib are found in Mabini and Bauan of the sa me province. Some deposits of gypsum of good quality are found in Toledo, Cebu, but they are too small f01" commercial exploration. Mincral Watcrs- The Ph ili ppines is rich in mineral springs and mineral water s, distributed from Luzon in the north to Mindanao in the south. Practically in all the lal路ge islands there are springs which are believed by the people to possess some curative value. Some s prings have not been analyzed to determine their mineral contents. In some cases, where analysis has already been marie, the waters were found to be of no medicinal value. In the majority of cases, however, they were found to
SnOWING TWO ASSAy-FURN ACES ,
ORII
Dn' INO
0"111"
AND CR UCUIL II
R \ CI':
3f6
THE COMMERCIAL & INDUSTRIAL MANUAL
cont."l.in chemical and in a few instances radioactive, s ubstances that l)oSSess therapeutic properties. Gllal!O u)!d Phosphate Rock-Most of the salt in the Phili ppines is produced by solar evaporation of sea water. The production is conf ined to those areas t hat hllve a well-defined dl'y and wet sea:o;on. Production cost is small because t he r aw material (sea water) is free lind the only expenditures are the wages of the unskilled labor necessal'y in the operation of t he salt pans and the cost of the tide land involved. Taking into account t hat common salt is an important raw material in the manufactm'e of chemicals such ns soda ash and caustic soda, which in turn are used in the production of other useful products, the necessity of encouraging th>J increase of our snit production cannot be overemphasized. S1tlp!III1'-Sulpnur occurs as sublimate in the cr evices around volcanoC!s (call ed soifataras), and a lso as impregnation ~n t uffs. The better-known deposits occur around volfanic vents, in hot springs which carry hydrogen suf'phide, and in extinct volThe better known canic and fumarolic cente\s, sulphur loca lities in the Ph~ippilles are the foll owing: Camiguin Island , Cagay'an; Riliran I sland and
Burauen, Leyte; Camiguin Island, Oriental Misamis; and Pocdol, Sorsogon. Cement--The followin g localities have been reported to contain Portland cement I"aW materials: Near Binangonan, Rizal; Batan I sland, Albay; Romblon I sland; Masbate; Iloilo, Bohol , vicinity of Danao, a nd Naga, Cebu, The deposits in two of the a bove localities are now being utilized for the manufacture of Portlall,<1 Cement; namely, those in Bi路 nangonan, Rizal and t hose in Naga, Cebu. I n order to enable the local cement factories to meet t he competition of foreign cements, t he Legislature has increased t he import duty on cemcnt. F or the same purpose the coal deposits in Uling district, Naga, Cebu, is now being developed in oI'der to supply the Cebu Portland Cement Co, with cheaper coal. It may not be necessar y in the near futUre to import coal fOl" tha usc of our cement companies. Clay P roducts-Clays suitable for use in the manufacture of pottery, earthenwares, common brick!;, etc., are found in many places in the Philippines. Pottery making and manufacture of clay products are carried on in practically all of the provinces. White clays a rc known to occur in several
NAGCA Rl.AN MUNICIPA l. BUILDIN G -L AGUNA
PHILIPPINES iocaliti(!s, the most impol-tant being the one found at Sirum, Camnrines Sur, which has been reserved by the Govcmment for public use. The Sil'um clay has been found to be satisfa ctory raw material for the manufacture of porcelain wares and other ceramic products. Lime-The two most important sources of lime in the Philippines are limestone, and oyster and other marine shells. The making of lime from sea shells is well developed in Malabon, Navotas and
Paraiiaque in Rizal on Manila Bay, where oyster and other shell beds arc found.
Pure, ha r d lime-
stones, al'giJIanaceou5 limestones, and narI are widely distributed throughout the archipelago. From these materials a better grade of lime than that from sea shells can be produced. Lime is used in the Philippines in the clarification process of cane sugar, in mortar for construction purposes and in tanning leather.
Stolle, Buildinu ancl Onu{.1/(ental-Stones for building and ornamental PUI'poses are distributed throughout the archilwlago. The principal building stones are andesites and basalts and other volcanic rocks, a waterlaid volcanic t'lff, commonly called " dhobe" or "adobe" sto e, and limestones. Marble is the chief ornamental stone. The Romblon marble is a gray.blue mottle(l stone, capable of taking a high polish. The stone has been used principally for monuments and tombstones, and in the form of chips for ornamental concrete facings. The Romblon marble is jointed and it is difficult to obtain blocks of suitable s ize for monuments and tombstones but furth er investigation deposits of better quali ty may be found. At the present time the serious drawback in the development of the industry is the hi gh fl'(~ight rate from Romblon to Manila. GOLD: PHIL IPPINES' HOPE
The economic collapse of the Philippines ill the event her exports are excluded from the American market, and consequcnt unrest among the masses that might possibly lend to disol'der and internal strifc, were forecast by formel' Justice George A. Malcolm, the American High Commissioner's legal advise r, in an address bcl'ore the Manila Rotarians. Only two things, he sa id, ca n save the country from such nn eventuality: continuance of present tr~de relations with the United Stutes through mutual concessions at the forthcoming Philippine-American trade conferencc in Washi ng ton, a nd the Islands'
377
adoption of gold a s n basic product to stabilize local conditions. PHILIPPI NES SELL SILVER
Official circles at Washington rank the Philippines as twelfth among the nations su pplying the United States with silvcl路. Great Britain, who took advantage of the United States silver purchase program in 1934, mnked fir st in the rating. Shipments of silver to the United States during the first six months of 1936 were: Grt路at Briwi n, $42,051,898; China $36,308,017; Mexico $17,148,290 i Peru, $4,182,312: Canada, $3,601,038; Hongkong, $3,407,614; Japan, $1,792,336; India, $1,690,326; H ondura s, $744,490 : Chilc, $658,973; Soviet Russia, $497,163; Philippine, $160,973. Philippine silver is l'ccovered only as a by-product of gold milling. CHROME AND MANGANESE Philippine chrome and manganese ores are decidedly of better quality Oil the w hole than t hose produced in EUrope. And, excepting a few mines in Asia Minor, Rhodesia and New Caledonia, th e Philippines has higher grade ores than the old, well known chrome producing countries of the world. Author ity for this st.'ltement is Signor Ciro Spera, head of Ing. Cav. Ciro Spera & Sons, Ltd., a large Italian firm with headquarters in Romc. The Corporatio n is one of the Icading mineral di stl'ibutors in Europe. Mr. Spera said that chrome ores produced in Europe arc generally low grade, the average being 40 to 46 per cent. MANGANESE ORE
Manganese ore shipment!; have been s t.'lrted by two mining companies in Il ocos Norte. Activity in 1I0cos Norte in mining circles has been greatly stimulated by this announcement. Thc Ilocos Manganese Company, Ltd., wi th pl'operty situated ncar BUrgos, at the port of Dirique, is Cal)itaJizcd for PI 50,000. Mcn intel'ested includc i\1adl'igal, Fernandez, Ferrier, Sy Cip and Raffcrty. Orc is shipped to the United States by this comllany. The Payas iUanganese l\'lining Company, inc., is shipping to Germany and the United Statcs. This property is also situated near Burgos, and it is I'epol'ted that orders totalling 80,000 tons of manganese a year ha s becn r eceived. Other manganese companies in the 1I0cos NOI路te region are the Phili ppi nc Mllnganese Company and the NOI't.hcl'n MangalleSe Company.
378
THE COMMERClAL & INDUSTRI AL MANUAL CIIROM ITE
ORE
An increase in order of chromite ore than previously reported will speed up preparations for shipments to United States firms fmm the Zambales property now being operated by Benguet Consolidated Mining Company, belonging to the Consolidated l\lines, Inc. Shipments from the Benguet operated Floraml'ie l\Iining Company in Camar ines SUI', ha ve been delayed by the scarci ty of ships. GALEN A ORE
Negotiations for the sale of g~lena ore from the p ro pe rties of t he Batnngas JH ineral Co., Inc., are under way through O. Frauenciorff, vice-president, and interests in FIongkong. The galena ore is located on properties of the company in Mabini, Batangas. Special equipment for the mining of the o~'e, an~l its shi pmen{ are beillg installed and the first shipment of 500 'tons of galena ore is expected to be m ade in January. The Batangas deposit s aver-
aged 70 pel' cent ill lead and 24 per cent sil vel' (Sil"el' value $11.00 U. S. Curren'Cy ) Emil io Dayaha n, secretary of t he mining firm , sta ted. High grade deposits of gypsum, which is rapidly being opened up by the Satangas Mineral ComIJany. Gypsum is t he principal ingredient in the manufacture of cement and is used in the manufacture of plaster of Paris, and the low g rade is used as fertilizer valuable fOI' sugar and rice land. Soth Hongkong <lnd loca l interests are negotiating for the sale of the gypsum. At present local firms are importing gypsum from the United States and foreign ('ountries. so it is believed that the openil'l'g of t he deposits here will be very beneficial to dealers. LEAD
A lead deposit y~elding ore of commercial value near Batangas ha s resulted in the shipment of 500 tons of galena ore to Hong kong. From this same district gypsum is being shipped.
PHILIPPINES
379
FACTS ABOUT ORE '
"M
Definition, Treatment and Testing
I LLING is not merely recovery of a valuable mineral in comparatively pure form from an Ol"e
- nulhng IS engmecllng. effiCIency.
HIgh metallurgical recovery is not always high economic
Ole]S only rock unless a profit IS made from it.
The best mill pract ice
lS that which makes the most money flom a ton of ore, regardless of the percentage of mlllcial IccovCled"
IN T HESE DAYS OF' EXPANSION ill the Philippine m ining industry, the general public become involved, one way 0 1' another. P erhaps the fi rst mining term any new j"ecl'uit hears is "'ORE". This term he begins to use himself; discusses its nature, extent and values; yet, not fully realiZing the technical or commer cial meaning of this important term that is at the bottom of the whole mining business. Or e, il'om the ~ch nical point, is a metalbearing mineral, or group fl.f 5uch minerals, mixed .8/1 D, D. PU~"'IN, M~!<III"rlliCIII nin a., SJ/"dic"!~' I nc,
ella;""',
er%Di.l. alii' En_
with vuluel('ss material, known as "gangue", and capable of being worked at a profit. The importance of t he con-ect int('rpretntion of this term is at once realized when it is seen that according to the definition, percentages of metal content are not considered, l\1ill'crais or rocks containing 20 ]leI" cen t iron cannot be called iron-ore, Neithel' can we call a rock with silver content of, say, 3 ounces per ton, a silver-ore, Jt is r eadily seell, then, that in order to decide whether or not a mineral deposit is an ore, one should carefully consider the following facts:
THE COMMERCIAL & INDUSTRI AL MAN UAL
380 I.
2.
Gran \'"Ju~ of it! elcm"nt" • .\' COllstJtuenb. As the mn rket ,,~Iuc lnrgel,. cOJHrol~ "he,her Or not 1\ IIlm"rn] pays for its (lXI.",,!;O". tile orc uf tOOllY U"')' become n worthless rna_ Icr,~1 ill the neXl Ie ..· w"eks Or vice \'c~n. Form ," ... hieh the .."I""bl,, mine.al. tire found. The "0.lu"ule cont~llt m!')' be cithrr expensive to reco"cr or rcco"cry "'")' not be compl ete.
Ores may be classified in the following ways: First; onc mllst take into consideration t he predominant metal s, as iron-ores, gold-ores, lead-ores, zinc-orcs, copper-ores, lead-si lver ores, or (if ores contain Sc\'cl'al different metal s) complex-ores. Another cJassific:ltil)n of ores is ba!:ed upon th(> form in which Lht> useful mE't,,]s or chief metallic bases occur. The ('hiei groups, a('('ord ing to this classification m'p: Oxide ~, Sulph ides and Native, In addition to cJa~f;ificatio n based on metal content 01' form of association of metals, ores are also cl;!ssified from the sl'and point of t he process by which a given 01'(> iii.. trcated in extracting the useful metal or metals, IHl1lltly; .Milling, Free-Milling, Concentrating, Smelting n'hd Refractory (Rebellious), DESCRIPTION OF VARIOUS ~TErs I NVO LV ED IN MILLING AND CONCEN 'rRATIO:-l PROCESS OF' ORES
L-Crush ing is the ten applied to all t hose pro. cesses by which I)re is reduc I in size by the aid of
m nchines, T hesc pl'ocesses may be di\'ided roughly into two stepl> : 1.
P rltllu ry nnd Secondllty Crulhing will reduce Ihe origi lill.] mined mOlcrill.] 10 ,hat it nil will pON through !I 3· tI\esh 10 G-mesh SCrecn (!tbou! thc lile of II. graio). Tll ill "'ork ill "~"nlly donc by Jl1w-Cru~hcr, Diloc-Crulber lind S\U.mp
_,
Grinding will tllke the product of (I ) ond yield a me.teriol of ",hich a bout 20 % will pan through a ZOO-mCll h BCr een (fine powder), The work of grinding ;1 d onc usuolly in boll-milll,
-'HU.,
2.-Sizing may be divided into two classes: Screen in!; or Icp"rnt;on of part;c!u according 10 their nctull.] size. Th is i. uchiuvcd by ~ending the "'ntcrin] thrnugh a BcreeU or acrici of lel ee". with deaired aperturea, • . ClnlSifyi "g or lepumtio n of pnrtidu nccording to their .ettliu/l: vo]ocity in Wilier, T hi. l>roceas depends on the S;lC ,m d the s pecific gf",'ilY or ~ho !'''Tticles and is ncco "'pli lhod hy meohn"icn ] dtl\'icu known "H C11I>!.'!i fic.". I.
Concentration is the recovery of the valuable portion of an ore through physical differences between the mineral and the gangue, and without reo so,'ti ng to chemical changes. It is common p ractice in treating an are conta;ning a heavier part, such a~ sulphides or gold, to catc~ sl~c h heavy pl'odur.ts in one of the following way~:
DIlB TUTINO SICTION SHOW ING BALL-MILL, SET OF SCIlSBNS, JIA , ROLL-AGITATOIl, FLOTA'Tlos-MACU I NB AN"D A~'ALGAMATOIl
PHU.IPPINES 1.
Th Il.Dlt., 810nkd Or Ca"'''J ,Tablt. Th\l!lc eonsi5t of " floo r .lqp,ng PI' I)roxirnllttly 1.5 ,neil(!jl to 3 melle:. pcr foot. h ill eonred witb rim~. blanket or " .. n ..",,. or wnb p~y combimllicm of tllo three. "od .. long iUlIl PlM!r cd!;o th~ )1111P ulp i. fed lind diuril,o,,lte<i ;n nn even win layer over the tablo. Tho lir:hter pIlrtideo now do"'o t he.slope',lhe ho~"Y O;:;:.n smking Into the r,fllee Or Into tho mlc~tLCe!l of the
f.. 2' .
Th conttn/roling IGblt: The mill-no ..· il fed in n conli nuoUll the he;ld of the m .. c1,;ne lIod deli,'c .. three proII Ini[ product fr~
~t rCllm .~
tr~':'h:,,~.~."~~~~l:~~' .. middliull and
3. Jigging ia n .i mpl0 P!oceu by which the hc:l"y .miDcra bnre
!f,~:~~~ nf~a~r ~I:! iJ~~I~~e~c:"o,~u;iai,,!I~~I~~h ~f !.':.'I~e:'.i~d !\I!~~e~ &r,~Ut~c:,tkc!~l~; ~,~~ ~~~r;~ !i'~"~~~leO~~ ~: ~~~~~~~. In
4.
Plol4lion;8" proc:ClI~ of ore tooc"ntnHion. thDt is." method for leS reSHt;ns U e<::ttuin findy sround mmerJl ill un ore ;nt08e"crulprodueli. Thi5 pr(lt MII d"l.ond8 on the property of een,,;" ""neml• • ClIpaei.. Ur .ulpHide m'ner."I•. undcr <!ert";u co nd itiolll "nd under tht ,nRuenec of ,Hr bubble.>. t o rile uS"in~t SN"lIy to th lurfn ee of an ore pulp. WI'UIC the SIl"~UO of ",inerhl~ . tltnt ~I"'rc tl,,~ propcrt~· to" muCn leu~r dc~ree. tend t o re",,,;n ;n the pull> (pulp '~II ",hlu'. of &rou nd ore "nd Waler ill ""'Y"'I: ])ropor \lo"'),
GOLD AMALGAMATION AND CYAN IDA1'IO K
Amaigamntion is the coalescence of gold or silver particles with mercury.piated surface, the action depending on suda{'c::-tension influences. AmalgamatiC'n of go~d or cs in modern plants is confined almost e:tcJusively to recover y of coarse free gold, as a rule, directiy\'by pla te-amalgamation. This process is often used i ~ con junction with cyanidation, ami preparation of the ore is usually plan· ned in accordance with the requ' 'ements of the combined proce~s.
381
Cyanidation is the treatment of gol d and s ilver or es with the purpose of extracting gold and silver fr.-,m orcs by menns of the $olvent action of a weak and alkaline sol u tion of sodium--or potassiumcyanide. There are thr('-C' stages in this method of extracting preciC'us metals: I.
Th~ o re ,. finely ,"round. 3nd. if rermclory. is rOUled 10 eon"ert th~ !Cold mto m .oluble form. ~nd rellder tbe ore porous. e!I~ill" ncccasible to the .olution.
2.
The precious metal i5 utrnetcd fr om the ore by menns of" d ilutc 80lution of c}·anide. T he ~oh,t ion . ,,{ter II proper time of tre ,tmeM. ' •• epltDIe<1 from the ~ohd matlcr by filtering through the filttr prCl!cs. The gold und ~iI\'er in the loluti!)n is pueipitDled by lite usa of zinc .... hn\"ing" or .inc-dust. Thc precipitllte is collected. dried lI"d mel'ed into "" ;nl;ot.
3.
The advisability of amalgamation process, when it is to bc followed by cynnidation, Illu st be d~ter mined in a propel"ly eqllipl1ed laboratory and under the care of a trained metallurgist, for each individual ol"e. A" a rul!', though. where much coarse free gold occurs the bulk of it can be recovered directly by amalgamation at :t mIlch lowel" co~t than by predpit.,ting and refining from cyanide solution. The fundamC'ntals of ore testing are: b. r.
Determinalion of uC!!\ method for treBI"''::;'' ;i"ell Ort. Beat melhod of operat'n". P r",tieability of II J:;"en prOec.8.
382
- ---
THE COMMERCIAL & INDUSTRIAL MANUAL
The sim "l~ st orc to deal with is the one that contains most. of its value free, as for instance, mctallic gold, silver or platinum, especially if in coarse form. The most inexpensive method of treating ore, in small operations, would be by employing such elementary deviccs as gold pans or bateas, rockers, 01' !;;Iuice-boxes. But if gol d and silver is found in a fincly divided form, cyani<intion would be considered with, perhaps, some form of amalgamation included in the proccss. It may be paying to conCE'ntrate first (by menn~ or flotation, concentrating table, etc.) Dealing with sulphide ore, the metallurgist may consider crushing, grimlin,! followed by "flotation," probably followed by cOllccnlr:ltillgo tables that would treat the flotation tailings. The con'Ccntn'ltes to be Rent to a smelting plant and refinet'y. If the ore is 0tide and the ore-bod~' very large ami of a too low g'l'ade for dircct smelting, SOme "leaching" process may be considered, POl' large ol'c-bodi~ with high content of either le.Hl 01' ('opper, especially with some gold and silver, thel'e is a universal mdhod of tl'catinf' by "smelting" ei ther in a "bh:st :furnac 01' in "reVel'bel'atory furnace," Most of the iron orcs 0 today are "smelted" in blast furnace,
For zinc, "retorts" an" us('d, also "leac~ing" and "elecll'o th('rmal" methods where power is cheap. Tin l'ecluircs "re"erbcratory smelting" of con_ centrated material. The slag from the l'everberatory is thcn treatcd in a blast furnace. Mercury ore (cinnabar), if low graded, may be concentrated by flotation and the metallic mercury recovered in "shaft furnace." Bismuth or antimony is recovered by means of "Jiquution" in pots or tubcs. Thc bricf l'esumi! of various metallurgical pro_ cess for common metals is given here, just to indicate how wide is th£! choice of methods for ore treating at the comm:md of metallurgists, The problems of process selection al'c very complicated u!1d the work requires painstaking attention to various details; close al1'(l accllrate observations through systematic experimentation in a Properly Equipped La, bOl'atory and inccssan1 illvestigation as to causes, The results of the laboratory experiments should b ~ correctly interprcted ~nd this requires wide expe· rience in testing and a practical knowledge in mill operations, As a rule laboratory results can improve mill operations, but it may be impractical in the largq plant to follow too closely the control of quanti. ties trcated and purity and uniformity of reagents used PlotatiOJ:.' plants arc good examples of this.
CON c BNrllATING , AM '\LGA~IATING AND A«!T.ITI!<lO M~ C IUN8J. l!<l OIlB TBiTl!<IO L~ROIlATOIlY
PHILIPPINES LABORATORY BATCH OnE TESTI NG
Geologists and EnginC!crs Syndicllte, Inc., has an unusually well-equipped ore-testing and r esearch laboratory with a comp(l.tcnt technical staff under the direction of an experienced Met.'lllul'gical Enginccl'. The batch ore tests, conductcd in this labora-
383
must check within reasonable limits with the assayed values, Technical details p resented in the report are explained in simple language so that the man unfamiliar with mining and metallurgical terms may undel'_ stand.
tory, Inc sufest nnd a most economical method in !;(lIving various problems connected with ore-millmg and metallurgy. These tests eliminate enO I"S and al"C VC1"y
moderate
in cost.
The Luborutol'Y is in a position to conduc t complC!w tests covering gl"i nding, gravity--concen tration, amalgamation, flotation, leaching, cyanidation , screen nnaly!>is ane] microscopic investigation. Based I1pon these tes ts, II metallurgical ]'epor t is submitted with nil the necessary daw for milling the ores and including the following points.
FEW P OI:-<TS ON SAMPLING FOR AS SA YING
The first atrd most important step in the investigation of the ore val ue is correct sampling, If the sarnple !lent to the laboratory lor assay is not properly taken, a ll labot'atory procedures would be valueless. The sample must truly rcpt'esent the mat· te Il'om which it is taken, Clea n, fresh faces must be exposed before samplill1" a vei n, so that the possibility of contamination of the sample can be preventeci,
!Hctal or
I.
j: ~~:tl!ng~f'~\~e'\UIP' > ~!~pec:oiio'.!:~:,::~o~or~'/,~~t: ~O:~~~I:"P:::!."~r~" ~howing
2.
1.
k O. 7.
Whether Or not corn ll,lereill l reeO"Cr)' of .. "'ut" l~ i" I'0nible.
~ive"
the nppnmtus included in the prOCell! with proper rebliooship to Mch othn. Chemicnls "nd ,enRcnts cu ... umed. Products of conce"rr~\ion mad~. both II! to grade ~nd n· co\'er)·.
All tests are accuratel ~' eheckea by summing up all the products into n calculated head-value that
,-
.,••••••.•....•...... ................. . •• •••••·•· . k . -.-.- ...•.....•.
,.
..
V
~
~
. , ...
-
-
~
• • •?j
3. I. 5. G.
'l'nke n In,ge ropresrnrntivc !nUlI,1e by elo i.o.eling 3 \0 6 ioches wide n"d 1 to 3 ineilell deep completely acrOM tbe ,·ein. Dreak Jarger piecell nnd mix the entire umple thoroughl)' on n onUl pli" , cloth. Shovel the 88 mple imo" uniform eonc. Onlteo this into the shape of a pic. nnd (\h'ide the rem "i"ing into quarters. 'l~ke 1"'0 ol'I'03ite qunrters out nnd pile the ,emninio!; into " eone. Repent \hi~ prGeedure of qunrtering. bre,!.;;ng up larger h""ps between quarterin, until" umple of "y. "to 10 Ibs. is obUlinoo. TraD.fer tbis sample into " b.~, mnrkinlt it properly for ideniifieation. nnd s hip it to Geolor;ists nnd Engineers S)'lI dienle, Inc .. ~al San Vieente, :'IDnil•.
384
THE COMMERCIAL & INDUSTRIAL MANUAL
iIIinemlogical M icroscope differs from the or dinary microscope in that it is t!quip ped with a spec.iai device known as "N ICOLS", that pel'!'llits the examination of rocks and mincmis in pln1.e polarized liJ.!ht, i.e., in t he light vibl'8tir.g only in one direction, at right angle to the direction of light's travel. This 3lTnngemrnt makes it po~!<ible for the s~ientist
to study the "optical proJlerties" such as P leochroism, Extinction, Birdringence •."r. xial arral~ge ment, Dispersion, etc., of the miner~ls of which rocks are composed . From t he data obtnined by means of such mi-
croscopic investigation a geologist can j udge the n'ck and the are genesis, so important in determining the type of mineral deposit. The MetaIJul'gist, through the aid of a microscope, obtains his information concerning the physical characteristics of an ore. This important information aids him in conducting the test work and to diagnose the difficul~ies wh ich may arise during the actua l testing operations. I n short. the microscope, properly ('quipped, ajds the geologist and the metallurgi!!t to conduct the'!" work in a logical and scientific manncl'.
DBPARTMBNT O' PIlTIIOLOGy-
The Depa)·tment of Petrology, of the GEOLOGISTS & ENGINEERS SYNDICATE, IN C., is wen equipped with the neces!!ul'Y apparatus fo r the pre. paration of the t hin-seclions and the poli shed surfaces of the minCl'als and rock speci mens. The apparatus includes Wetzlar Polarizing Microscope; with complet.e list of accessories; Gri nding and Polishing mnchine dri ven by electr ic motor; and all the necessary r eagents to conduct the microchemical, optical unalysis, and blowpipe work.
W ith the above mentioned outfit, the Petrological Laboratory of the GEOLOGIST & E NG INEERS SYNDTCATE, IN C., is able to curry out the following work: (I)
OI.li("\ ill>'cstil(!'li,;>n of rock "I'ecimcns: detcrm;u" li on of Ih eir minc ralog;~n l c<)lHpositioH. the n",dily of feldspars. genC!l;s of rook. An eXile{ clb8~ifientio" of t), ~ rook; 8 the
(2)
Optical ellamiunlion of bl,ck "~n d: deter minn tion of ;ts mincrnlollic"l eompo~ition. the nature of trnnsportation.
(3l
Ellll m;nllt;ol1 of ore M mpl.,. by reflectini; light. dct~rm;"" tion of composing mct"l-bcariug mine rol •. their recip rDelll r~f~reuce, order of form .. t;on, genes ii, nod D~ n con~equence, the type lInd ~hancter of the miner"l depo.it.
~)
Enm;nR(ion of plac~r lold gNlin. !'nd !In ;o'-C5tii;ot;OIl of it! nllture dud elleni of IrAu~ portnlion.
re~ ulL
WET:1;LAR POLo\JlIZI:-:O MI CROKOPI! WITII ACCI\.ISOII I I!$ OF 01111 T IISTI:-:O L IIBOIIIITOIIY
TABLE OF USEFUL METAL-BEARING MINERALS AND THEIR CHARACTERISTICS :::: kj!~r ~i~I'\".::·
~;::~~~~,~rite·.: .
~~~t,!,.i.te .. .
. .. . . .. ..
....... . Bil"" thiolte .. .
lh,,~lto
..
Do, niu,', ...
8"'I"iIO•..
IJroel, utlte ••
C"llI o,;o\> ..
. ............. . .. .
Cnh,,,,,liul ..
C.,..;Io,;le. , . CeM. "".il .. .
Cer .. i,o .. . Cervn ntiti .• Ch.I~O<'ito .••.
C"nf~ nJ>yril ....
Chert .... .
. ....... . .... .. .
CI,,·omit ...... .
g:~·~:~8~1:' Ci"~"b,,, .
..
Cob"l~ 3.5% Ar~enic H.2 % .. Aluminum 53,3%. , .............. . .
(;ob~l~ile.
........ ,.
C:\rbon 100% ................ .
f..~P3o.~~4~u~;:r~~c 5\~3~::
F..."kJinirc .. e"l en"\... ..
~~?6~~i~6?Si~'1Jl~~ gelS·::.:·::~:::::::·:::
.. .::: . .. ...
...
~::~~:~:~e.:·
~<j;~8:~:.:::::·
FcO.FC2OJ.FeaO'
~f..~~;'it·J1'0
::(:
M"Jyb I""' te..
(PbCI) Ph. \ 0 MoS, _... ~ ~~. ~:. .'. HKAI,Si,O,.
~Iillcdtc. . . Mim c!ite.. ...
M,,"c''''ile..
~:~i~:~!~t.:..
PCllth."llit.. .. PO\.I'b ~ite.. . ......... Prn .itc ................ " Y' ''lIcriIC.. . ..... Pyruu...... P.nul, ~~~~:,~~rr~~i.t~: .
."a.... .
Q"".t,.......
t~~~~t!~tii~
s..r"~Mi"c
\e •.
"hnile ..
eph.";I,,. lunite.. . ron,i,,,i!/! .. l"nhill! ..
T:~"n'~nit'; . nenntit ...
Tel r"III,<I~iu\·.·
Urnn;ni\ ... \·al~n l in;ti. ... Wi JiQrnitll •... Wulflln;\c .•. z."mtu .. , . Zinc; I", .
................
Ni;\ ~
A "'I~
~~:CI!~ISb!SI1
3 ,\ ",~ A.,~ 3,\u,S.Sl>I:S,
FrSt
~ln OI .... ,....
3PI~I'~OI +!'bC I, ~'~r;Sn +1 ...... I\~_g.·..
;\r-~CO,
... 3.0
6. t 7 .2
7 .4
3. :;
6.3
1.0
3 .0
5.9 3 .8 3 .8
6.4C
. ,.. "
6.5
3.0
.%dium 3!!o4 % .......... .. Iron 70 % ............... . Silver 63% Tell " rium 37% .. . T il.l\nium 31.6% Iron 311.8%. Lead 50.11% Antimony 29.5% Iron 5'1.9% . .................. .
~t,,~"~!s~,I':%S.~~~.c.l
30.5% ... .
f~~J'Ile:n~~3~.5%::
. g ell 46.6% .............. .. Nf:J'e~r 6~~S~"f:: . I d 69 7'"
,. SC)Il. ce "r Mica .............. . Nic\:cl H.I % Ancnie 55.9% .. ..... , . . . , .... AT~cnic 51% SIIlph". 3n% ..... ..... ~i:c.a~·i.too/,N~c:tt~!~;~~:.j%:· Silvcr tl5.5% A",enic 15.1 % ... . Silver 60% Antimony 22.2% .. Iron 46.7 % ......... , .. "'hnll~ n e..c 63.2 % .... . Lc,d 7604 %. S'~,!n 61.5% .. .. 'hcon ~6 .\l% ..... ..... , .... ".
.
. f·
~·~~rJ:Fc);S'~6;:i",~b··:· :reCO, _.... ........ (",iCO) M~ ..
:r~~;~n:'~16!ftl~'~~~'%.~~·.9.~:: .
Mnngnncsc ~7.7'7.0 .. Ailiminu", 52.!!,?". TiMni,.", 60,?" .. Tun ll'tcn 63.D'?" ..
~;n~~!i,;·m8~.~;t Sii;~';n '•• :1'%'.:'
~~6~
T in 27.8 % Cop,,~. 19.4% ...... Silv!'r 68.5% Antimony 15.3%. Ant,mon}' 71.8% ......... .
""""
.... .
~t~;tJ~~i6f.:~~e'- 13.49.,··
C,\ " \11) T <'I . 1 11\f.l!:l~SiOII,
f~~~~~'~;'::: ~~:8
6;0; .::
1\iftl:nC!li" 31 7%
'::::::.::: ~~~~j~ ~~;~~·.:~t~;:~n:~~~.~;o:::·
~lifg;~INjioHl~:4'il;6:::'
Z"O ..... ,............
~i~~~~~;~083s~7."~ ·:ii.o%·.: ........ . " end 56.4 %
'LO .0
3.0 .., 2.6 :I.1i
' .0
~ [olybd~num
26.2 % ..
~i~:cJ()~~~'i~: ................. .
1.5
3 .'
5 .0 3.0 ·LO
~
2 .5
.., 3.0 2.0
3.4
0 .8 5 .6 0 .5 4.1 5.6
,., ·1.1
..
4.1
....,. 5.9
11 .2
7 ,2
0.0
7.:-
,.
7 IS
7.4
<.0
••• 2 .0
3. '
...
2.' '2.1.0
... ... ... ... ..•••. ,.,••• ..... ... '" ~ .9
"'5 .0.0
3 .0
5 .0 5.5
' .5
5.'
0.5 '1. 0
3. 5 loll
2.0 5.0 1.6 J.>
3. 5
,. L5 U
2.'
'.5 •"•• "3.' 2.0
' .0
6 .5 U ·1.0 '1.6
3.5
,
3.r. I. Ii
3
.~
.j ·0 3.5
5.' 5 .0
3li
4 .1i G.5
5.3 7 .0
3.'
3.' ..,
, 3.0 '" :1.0
56
·00
'I..0Ii ·1.5
fz
i'o
4 .·t
7.7
·\. 6 6 .0
5 .0 6.2
.~ .8
S . !l
,., •6 ••.9, 5.'
7. I
U
2 .6 3.5 3
~
3.6
3.7
4 .2
6 .0
2.5
5. 7 7.3 oI .S
3 .0
S. !!
'"
5 .0
2 .8 7.3
3.' ·1.9
. ..,
·\.O 2 .0 2.0
·1. 0
.1. 7
5.0
...
2_6 5 .3 8.9 5 .7 6.0
5.'
. ,. .. ..", ... ' .0 LO
7.1 6. 6 5.3 5.8 4 .3
3 .0 ·1. 5
8 .3 5.6 5. 6 3. 6 01 .8 3.,
3.'
3.5
4.6 2.2 2.7 8.2
5 .5
3.'
3.9 5.4
4 .3 2.0 2 .5 8. 0
3.'
5.0
,.. .., 3.' 1.0 3 .0
' .8 3.'
6 .4
3.'
2. 6
3.5 10. 0 3 .0 5 .0 5 .'
4 .9
,
' .0
.0 ' .0 S. 5 0 .0
2.'
' .0
5.5
6.0
~~~. ~O,:.::: .......... :::::::::: ~i~: ~~:~~::::::::::::::: .. ~.
3 .5 4 .5 2.6
0. 0
IT"n 4fl.3% ................ . Cob~le 28.2% Ar~cnie 71.8%
f~~FS~~S~g1;t .
•'.0 •• 6.' 3.a ••• '" 3.'
'.0
~fc;IYbd~nu';,; ·60(~;.'''
MnSiOI. ..... ...... .. AI,O, . .... 'riO, .... .. C .. WO, . . .......... ..
~:~t:l ~~~%:: g~~i~~~~1%
.............. Iron 72.~% ........ .
d ........ ··· .. ·· '''is .. ............
I;C:
Si,lc-'!'"
..
NrCI ........ \. .......... ... ...... 1'"0, '" AgsTe ' .. \ ' .. . ... FeT'oO; ::·:::. '::. . ... PbjFeSbtS" .... .. 2Fe:z0a.31110 . ... . ..............
~ :~I':C'~~!i~~·.:·
11 .. \1 UI,,,,Y;;I;rc;,li';.. IIhnd oni t n..... R', by.. 1I·,tile.. ..
. .... Zinc 5.5% lIf11ngnnese 7 .5 '70'" Ir on 51.11% .. .. Le"\d 86.-'1%.
PhS .... ..............
g~~7~'l~~t.~:. g~~~:.tito:
~hl:ll etite..
~~~.!:?!u~·~~%' Flo~~i'';~ '$4'.40/0:::'
~~~~':; lU~:'
Cuprile ..... Di ""onrl .. EMrgite •. Ferberite
~;~~~:~~e::.
Iron 43.7 % ..... Copper 5'1.5%. Copper 46. 3% .... . Aluminum 34.9% ......... . Bi3mlltb 8 \.2 % ........... . Copp"r 61.8,?0 Iron 1l .7% .. ?hng"lo e!e 69.6% .. Copper 66.2% ......... . Zin" .54.2% Sili ... " 25% .......... . Gold H.03% TeUlIr;um 55.97% .. Tin 78.8% .. . S ilver 71i.3% ............ .. Le:ld 77.5 % ...... . Antimon)' 79.2,?0 •. Copper 7f1.8 % ........ . . Copper 34.6 Iron 30.5 .. No ,",,~"1 sOllrce .... .. ... . Iron 25 % Chromillm 46.2% ... . Copper 22.1% .. . .... ....... ..
. ~::r;;.~~"M.~~. ~~I,l:~~. ~~ ..I.~o:
Cnr,,,,,hlln .. . Covcllite .. Cryolito ..
H"IiIO!.. .... Hem·,lite .. If.,.,.itc..... I len."n'te.... J ,uncs.. nitc.. Limon'te..
2.8
3.0
Fo.",,,I,,
Mi"~ral
AUlleoilo .•.
5 .3 2.5
·1.3 3.9
iLl
:!.IS
5.1
4.5 1.1
~5
6.2 4 .5 3. '; 7. 9
:! ';
'1.4 5 .S 4 .4 90 :;.6
63 1.6 S.3 2_8 4.5 6.3 5.1 9. 7
:1.9 (I.l:o
1. 2
5 :~
<>.7
THE COMMERCIAL
386
&
INDUSTRIAL MANUAL
CUSTOMS REPORTS ' Receipts and Expenditures HE TOTAL gross and net collections during the year cnd ing Decembel' 31st, 1936, anlounteu to 1)28,735,114.15 and P27,723,243.46, respectively. They surpassed a ll other annual l'cceipts si nce the establishment of the P hil ippi ne Customs Ser vice under the American flag, including those for 1929 which was considered the banncr year. Thi s unprecedented l'ise in the Customs l'cvenue was due mainly to substantial increases in import duties, wharfage dues, immigration dues, customs sta mps, and various other sources. There were also modcrat~ increases in tOnll'age dues, Government pier collecti ons, and arl'astl'e. The only sources of Customs income that registered decreases were fines and forfeitures, and auction sales, but the decline is very
T
insignificant compared with the fail'i;y substantial increases. I n 1935 the gl'OSS and net collections a mounted to 1'2<1,<177,176.63 and P23,680,828.83, r espcctively. Thi s year's collections exceeded those for 1935 by 17.4 pel' cent in the g ross receipts and 17 pel' ceni in the net. The increase in import duties was due main.ly to heavy importations of iron and steel ::md their manufactures from Germany, Australia, wheat flour from Australia and Canada, cyanide from Canada, coa l from Japan and Australia, djamonds and other p,rccious s tones, unset, from Netherlands and Belgium, rayon, knitted cotton goods, a nd canned sardines from Japan . THE THANSFER OF THE NAV IGATION D I VISION from the Department of Agl'iculture and Commerce to this Bureau, the repairs of lighthouses a nd buoys, and the PUI'ChaS~Of the steamship "Casiana" augmented the expenditures of the BUl'eau of Customs by 1'-748,046.01, and \he total expenses incurred during the year amounted to P1,696,526.98 TOTAL CUsro~1S RECBIPTS POR Tllll FISCAL YBAR
BY PORTS
Iloilo.
..\.
Jolo .. . Z;Unooanga . .
Davao .. Lc:gaspi .
Total. Net increase.. Percenuge of increase . . BY SOURCES Import duties . . " Im migration dues .. Tonnage dues . . ... ... . CustOms stamps . . . . . Fines and forfeitures. SlOeage ... . . ' . ...... " " Surplus, auction sales. Arrastrc collections .. ... ' . .. ' . . . Government pier collections . .. . Pon works fund (wharfage).. . Vuious ocher sources ... . ... . TotaL
.. ~ . .
.. I .
agai nst PO.038 in 1935. 'I' he following is a comparative statement of ex penditures of the Bureau of Oustoms fol' 1936 and 1935:
ENOl NO DBCIIMDBIl
Man ila . ..
Cc:bu . â&#x20AC;˘.
compared with P933,709.80 in 1935. Consequently, the eost to the service fOI' collecting a. peso of Customs revenue incl'ea!<ed, the amount being PO.059 as
}I.
19}6
A$ COMPAIlBD wnlt TIIOSR OP
19}6 193j 'J" 22,912,}28.1j 1'20,078,071 .00 1,232,720.91 1 , 900,S~8.6~ 2,3}2,330.78 2,941,SOS.38 84,5~3.61 106,617 .07 1lL8SO.2~ 118,0}1.97 480,093.0) 602,908.96 157,567 ,06 153,170.98
Increase 1'2 ,8}4,257. 15 667.827.7} 609,177.60 22,07).46 6.181.7) 122,815,9)
J"28, 7}5, 1l~.1 5 '1>24,477,176.63
J>4,262.)3}.60 ~,2j7 .9)7 .52 17%
19.898,774.06 }09.952.00 500,974.29 j67,}j().64
],222,965.86 86.}98.oo
23,121,739.92 }96,},'jO.00 5Oj.699.91 6}2,715.28 52,122.69 }6,489.41 4,1l0.,'j4 4,606.84 159.326.67 3,464.856.11
19}j Decrease
1" 4,]96.08 ," 4,396.08
~ ,725. 62
65.364.64 10,731.85
62,8j6.5~ 17,9~3.94
18,5~5.47
]57,096.78
4,98354 3,084 .64 152.764.62 2,660,609.42 297,882.94
l.522 .20 6,j62.05 804.246.69 59.21] 84
28,735,114.15
24,477,176.63
4,269,544.U
87J.00
11 ,606.85
PHILIPPINES 1916 "6)7,444.82 45.700.00 1,166.05 767.70 16,83L 34 309,041.82 918.96
Las refunds: Import ducies ...... . h nm i,llration dues." Tonnage dues ...... ... ..... . Port work s fund ( wharfage)'. Various ocher rdunds ..... Less trust funds .. Leu COSt of blank forms, c{c ..
1'1,011,870.69
Toral deduclioIl5 .. "
387
1935 I'W5,4}8.56 40,)52.00 281.65 373.07 1 ,719. 14 247,060.67 1,06271
-" '796,J,47.80 --
Total net collections ... Distributed as follows : Ncr amount accruing to rhe Commonwcliith Government .'. . on account of gcncr:a1 fund. ... .. .. •. .. .. .. Nee collections for pore works fund under Ac t )592 otherwise known wh:l.rb,ge tax. Total ne t collections...
1 ,01 1 ,870.69
796,347.SO
215.522.89
27,72},24}.<16
2},680,828.83
4,054,Q2lAS
24,259,155.05
21,020,592.48
),2}8,562 .57
),464,088. 41
2,660,2)6.)5
SOl,BROS
t' 27 ,72},24) .46 " 2},680,828.8)
"'4,042,414.6)
11,606 85
EJ:PB NDITURBS OF THB BURlIA U OF CU~TQ M S FOR TH B FISCAL YBAR BNDINO DBCBMDBR } l , 19)51.$ CoMPARED WITII TIIOU 0,19)7
19)6
1935
Increase:
Decrease
BY PORTS
. ......... "\:.
Man ila ... Iloilo.. Ccbu ..
~~'b'~a'~g~ DI HO ... Legaspi.
....",. . ..
....
Total. Net increase ... Percentage of increase ...
\
al' l.S02, 516.S8 5),776.::;] 65,944.28
.... .......
17'm'"
18.75 .44 19.)68.44 8,700.76
f
1' 7}1,570.}O 5),259.81
1'770,946.28 516.70
69.708.0~
r ' j:763.76
30,17 1.91 20,127.18 ]8,120.26 10,751.)0
2.710.94 1,)68.74
] ,248.]8
2,050·54
"'1 ,696,526.98
1'93),709.80
1'772,711. ]6 762,817. 18 45 %
],056,094.49
769,081.76
287,012.7)
6,98).81 545.86 12,346.58 9,215.57 5,802.93 1,999.74 22),632.)4 2.590.9 1 10,904.00 1,850.29 62,04}.85 42.)4 6,461.93
4,786.45
2, 197.36 285.82 1, 19).70 2,473 ,)0 1,57}.M 259.74 144,010.89 298.00 1,91Ll4 634.05 }6,026.90
j
..... .......
I' 9,893.98
BY P URPOSES Sala rics and wages .. Sundry expenses: Traveli:;,; expenses of personnel.. .. , .. Freigh t , express and del ivery service .. Posta l, tclegraph, telephone. and cable serv Ice llI umlllanon and power sen' lce • Other SerVices ......... Rentals of build ings . . Supplies and materials .. Pri nting ;l1ld binding ..... Secre t .scrv ice d iscredonar)' e:o;penscs... . .... , ..•...... . Tra"cilng expenscs of persons not government employees.. Maintenance and repair of equ ipment. .. Deterioration of supplies and sales stock. Furniture and cqu ipment.
..............
Spc: ial appropri:uions : Per diems of n!embers, Board of Marine accidents. Land ing of immigrallls' baggage ..................... ' ... Wages of laborers (iip h thouse and buoys) .. ..... ..... ' . .. Mechanical repairs 0 ligh d louse appaut us and buoY$ . . . General repa irs o f lighthouses .. .......... , ....... , ... Purchase of steamship CQJitmll .. ...... ..... For {he opening of the ports of Aparri and J. Paiiganiban .. TOll1
3,083.56 4,246.98 15,192.31 50,)50.00 25,242.71 195,0)).)7
260.04 11,152.88 6,742.27 4,229.29 1.740.00 79,621.45 2.292.91 11,992.86 1,216.24 26,016.95 6525 10,777.55
2,86U9 3,869.0 1
218.67 377.97 15,192 )1 SO,3~0 . 00
25,242.71 195,0)).37 2.863.41
2,86) . ~ 1
" 1,696,526.98
22.91 4,315.62
1'933,709.80
1'767. 155.71
I' 4. 338.53
THE COMMERCIAL & INDUSTRIAL MANUAL
388 ~
Greatly increased by:
Expenses for Nadgation Division. Repairs of lighthou$(:$ and buoys .. PurchaS(: of steamship Cat;tJ/UI ..
Total,
The fo llowing shows the cost of collection pCI' peso from 1899 to 1936, exclusive of interr.al revenue and highways special fund:
1'462,227.62 90,785.02 195,033.37 'P748,046.01
articles subj ect to such taxes, to wit, distilled spirits, fermented liquors, cigarettes, playing cards, cinematographic films , coal, a nd kerosene. A comparative statement, by ports of entry, of the collections U>Sf of made from this source of revenue in 1936 and 1935 . serviee per Gross Fiscal ye:l r Expend it ure s peso col. receipts is as f ollows: l(Xccd The internal-revenue taxes collected on importEnding Ju ne 30ed lubricating oils, gasoline, naptha and all other ¥6 ,112,760.68 1~65,248-48 1899. PO 010 1l ,084,578.}6 1900. 206,786.28 .018 lighter products of distillation, which constitute a 17,965.627 .70 462, 10\.78 1901 .. 026 separate fund known as " Highways Special Fund," 867,178.}2 1902. 17,057 ,876.24 . 051 amounted to P8,572,937.21 compa red with P5,150,976 ,17334 1903.. . '. '\ 19,081,413 84 .051 16,987,7 36.52 1904. 1,116,927·58 .066 468.86, or an increase of 1)3,422,518.35 01' 66.4 pel' \6,526 ,888.50 1905. 1,040,557 .74 0 . 63 cent. The reason for this unprecedented increase is 15,106.411.11 1906. 982,163·36 .06\ 16,189,417 .04 1907 .. the fact that local dealers in thcse a r ticles made 922.222 .90 .056 16,6345,040.78 1908 902,916. 26 . 054 heavy importations before the end of 1933 in o ~'der 1<>09 I7,07b.1 197.74 950,062.62 . 055 to take advantage of the old rate of 1'0.04 pel' liter 1910 ... 16,572 ,147. 12 919,1I7.)0 0\6 1911 .. 17,357 ,62.0 .68 903 ,}39 .26 0\2 which was amended by Commonwealth Act No. 122, 1912 18,726.592 .56 902.311.30 048 effecfive January 1, 1937, increas ing the tax to 19J3 , 16,492 ,051.92 . 058 957,956 .12 ro.os perliteI'. In Manila the incl'e:1se was 1)2,272,July - December, 1913 6,807,053)z 4 579,422.52 . 085 !)48.59, Cebu Pl,161,988.74, and Davao 119,47] .40. Endi ng December 311914 .. 11,897.092 .28 1,059,725.70 .089 Sli ght decreases were registered in the ports of iloilo 1915 12,80S,}78SS .076 980,896.55 and Legaspi. A comparative statement, by ports of 191 6. 1l,220,}iS.36 8n,073.06 .073 entry , of collections made from this source in 1936 1917 .. l},pl ,CX)7 34 951,371.47 070 1918. 16,440,536. 19 1,IOB,585.71 067 and 1935 is as follows: 1919 14,425,}O7.}8 1,)1 5,107.89 091 The wharfage dues known as "Por t 'Yorks 1920. 17,757,865.)4 1,600,805.78 .090 1921. 16,86},06U4 Fund" amounted to 1'3,464,088.41, which, compaled 1,505,877 .62 .089 1922 . 15,129,269.99 1, 135.297.43 .074 with P2,660,236.35 in 1935, registered an increase of 17.058,562.33 1923. . . 056 977.30730 1'803,852.06 or 30.2 per cent. The rise of this re19R 21,6}1,60S.94 1,036,446 .95 048 1915. 12 , 2IS,920 . ~6 venue was pl'incipall y due to the increase in exports . 0~6 1,025,999.65 1926. 21,180,19}.91 j ,078, 139.83 .010 of sugal' by 84.4 pel' cent, copra 16.1 per cent and 20,630,540.44 1927 .. 1,096,983.72 . 053 copra meal and cake 6.3 per cent, over those of the 1928 . 24,051 ,151.10 1,09},907.98 .04\ 26,64},978.98 1929 .. 1,181,156.59 .044 same pr oducts in 1935. The distribution a nd dis1930. 1},509,936 .92 1,177 ,818.69 .051 bursement of this fund should be made in accord19}1. • 21,}76,178.60 1,819,540.70 .08\ ance with Act No. 3592, as amended by Commoni9R. 22,096,986.}2 1,099.572.16 . 050 1933 .. 21,)08,407.11 972,169.15 on wealth Act No. 130, effective on t he date of ap19J4. 22,720,679.Q7 92.1 ,591.1} . 046 pl'oval, November 6, 1936. 1935 . 14,477 ,176.6} 93),709.80 0)8 The following is a comparative statement, by 1936. 28,7}5,114.15 1,696,526.98 .059 ports of entry, of the collections in 1936 and 1935: The internal-revenue taxes on imported articles, FOREIGN COMMERCE excluding those on lubricating oil and gasoline, The foreign trade during the year under recollected by this Bureau, but not forming part of the customs colledions, amounted to po,995,191.1 3 view amounted to P497,602,664 as a~ainst fl359,539,compared with P4,921,348,42 in 1935, or an increase 059 in 1935, showing an increase of P138,063.605, or 38 pel' cent. Of the above amount, P202,252,349 of Pl,073,842.71 or 21.8 percent. The increase was duc largely to the increment of imports in constituted the imports and P295,350,315 the export~.
PHILIPPINES A
Co.. ", .. " T I \ 'K
ST AT aIol BN"T 81' POlI.n 0' ESTR1'.
SOURell
or
RilV8NUB
389 or
TIUI CoLLECTIONS MACH ","0)01 TillS
iN 19)6 .. NO 1935
1936
Pons
P (JU
Manila .. Iloilo. Co:bn •. Jolo. Z:l.mboallg:l .. o.
D1Y;l.O.
Legaspi .. TOla!. leu refunds..
19)5
[nere:lSe
D~crcase
P(l~1
PtHU
p,,,,
5,295,045.)8 I7,34M2 656,308.5 4 2,051.5' 16}.94 25.797.59 ),645.50
4,)18,889.}7 }O.18l.20 547.990.99 4.188.46 562.36 17.7 14.24 7.1}2.)2
976,1~.Ol
6,O:XI.)51i.87
4,926.660,.94
1,0,12.556.91
5.165.74
5,)12.52
5.995, 191.13
4,921,3 48. 42
12,838.78 I OS,}17.S5
2,136.96 398.42 S,OS}.)S
),486.82 18,860.98 146.78
Net amount :IccruinQ co the Commonw:;J.jlh Gov:ram:'1t ;lnd :luil·
able for appropriation ..
A CoMPo\ft,ITIVIl ~T"'TuMnNT, BT
Pons
OF ENTRY OF COLUlCTIONS
Ports
MAUR
1936 PtJ~1
\13 nil:l. .. Iloilo. Ccbu .. O.>vao Legaspi.
6.145 ')31 94 42.915. 10 2,352,116.40
II'l7
\
Tond .. Less rdunds ..
PROM TillS
I ,073,S 12 71
SOURcn
193.') Ptf~1
H7!554.)5 ;1.')61.57 1.190 127.66 31.242_97
IN 1936 0\:-<0 1935
IncreiSe PUDt
Decrease PilOt
2,272.948.59 8,636.47 1,161.98574 9,47\.40
6~ .96
6}.96
5,65).285.81 110,301.60
5,247, 550.51 97,111.65
3.441,40573 !l.IS9.95
8,572,987.21
5 ,ISQ,468,S6
3,422.518·35
418,SH.9} 5,1 SM39.25
}16,990.J) 4.52},478.5)
91.557.60 3.)}O.950.75
S.57l.9S7.2t
5. 150.468.85
3.422.518.35 3,412.5IS.35
8,700.43
Ne[.am.nun~ ac~ruing
dl5tobuuon
III
[Q the Hi/l:hw3\'s SlEci:tl Fund :Hld available for lccordanr:; With ACI ~o. 3248 ...... , .......... .
Distributed as follows: Lubricating oil.. G.:I.Solinc., TO[;l1. Nct incrcUl: ..
Porr.<
1936
P'rDt LlQI ,0J).29 1,159,4CY.l.14 816,21 t99
M.VUI;l ... Iloilo .... CCbu ........
~~~'br;~~8~"
Oav1lO . . . . Legaspi.
4.0H.4:;)
.................
TotaL ...
35 .274.24 lJ').7J9.37 11'1,15065
1935 P(JDJ
Incrclsc PODI
997.702.')4 637.2')6.74 687.5"\7.04 3.506.98 52.177.25 1S9.9H.26 122,451.61
193.330.75 532,143 40 125.676 <)5 537.42
D:ne:ue
Poor
IJ,90J.OI 24,207.89 12.330.93
Us, r.:funds ...
3.464.855.11 767.70
2,660,609. 42
m.07
854.655.52 39 1.63
Nct a?,OLl!'t accruing to the PortWorla Fu nd and a\'ailab le for distribution III accordance with Act No. 3592 '>5 am: lded by Commonwealth Act No. lJO .
3,46MSS.41
2,660,236.35
&03.852.06
SC.441.83
390
THE COMMERCIAL & INDUSTRIAL MANUAL
Th e imports registered an increase of 18 pCI' cent and the exports 56 PCI' cent compared with those of 1935. The favorable balance of t rade, amounting to P93,097,966, was substantially greater tha n in 1935 and 1934 which amourrted to P17,443,661 and P53 ,* 593,050, respectively. As usual, t he favorable balance of P114,510,338 in trade with the Conti nental Uni ted States was morc than sufficient to cover the unfavorable bal ance with the rest of t he world. The adverse balance with t he Orient amounted to P23,467,999, of which P9,742,258 was due to trade with Japan, P4 ,2 17,451 with French Indo China,
P3,390,726 with China, P2,697,312 with Dutch East Indi es, 1'2,455,490 with British East Indies, P672,591 with Hongkong and P291,721 with Japanese-China. T rade ba lance with Europe was generally favorable. Imports from the Un ited States increased, the total being P122,994,525, compared with Pl08,733,OOO in 1935 and this was largely due to substa ntial increases in imports of iron and steel, automobiles and accessories, wheat flour and electrical machinery a nd apparatus. Thel'e was also a model'ate increase in cotton goods. Mineral oils, tobacco products and paper and manufactures showed slight decreases
Per Capira Trade With All Countries FOIUUGN TRADB OP THB PHILIPFIN~ FIIR CAPITA IN 1903 AND PROM 1928 TO 1936
Imports Toni
"car
,
1903. 1928. 1929.. 1930. 19)1 .. 1932.. 19}L. 1934 . 1935. 1936.
.\
Tot~1
\ . ..
\.
. .............. i' . j.
67.621,768 269,313,796 294,}20,549 246 .185,907 198,)57,437 158.790,170 134,721,926 167,214,211 171 ,047 ,699 202,252,349
p" capita
Ptf~J
PUttl
....... \ .. ...........
Exports
p" cap ita
8. S8 21. }7 22 . 89 18 .76 ~4.8 1
11. 62 9 . 67 12 .80 13 .06 15 . 25
64,793,492 310.109.092 328.893,685 266'))4,255 207,944, 148 190,676,161 211.542,105 220,807,271 188,491,360 295,)50, 315
Total uade Total p" cap ita P<I(l1
8.4!1 24 .60 25 . 58 20 . 30 15 . 54 13 . 96 15 . 18 16 . 91 14 . 39 21 . 26
132,416.2~
579.412.888 62),214 .234 512,520,162 406,301,585 349,466,331 346,265.0)1 388.021.492 359,5)9.059 497,602,664
17 . 34 45. 97 48 . 46 39 .06 \0.36 15 . 5R 24 85 29. 71 27 . 45 37 . 51
}3,817,052 398,887,886 4)4,116,86) )67 ,OSO, 179 291.124,159 267,891,232 169,706,866 292,4)8,543 258,604.073 360,499,388
)1 64 33 . 76 27 . 99 21 . 74 19 .61 19 . 31 22.40 19 74 27 17
PeR CAP ITA TRADe WITI{' THB UNI TBD STATB$
1903. 1928 .. 1929. 1930. 19)1.. 19)2 .. 19)3 ..
. ..............
"34
1935 . 1936.
p"
7,674.200 167 ,7l6,135 185 ,185,917 156 ,)66.057 114.279,366 102,595, 499 87,080,813 108,751.356 108,733,000 122,994,525
I. 01 13 . 31 14 40 11 .92 9 . 28
751 6 . 25 8 . 3) 830 9 . 27
lrnpons
Expons
'"
capica
Toni
7 85
'06 849
38,6')0,640 78.9}7,)41 79 .962,739
6 .84 5 53 4 11 ).42 4.47 4 .76 5 . 97
41 099,355 25,}80.428 28,916,052 37,120,084 38,620.287 57,845.452
~8,462,865
(\2,}14,699 79,257,824
capita
PN~J
PUOJ
59,948 ,568 101,597,661 109,134,6)2 89,819,fI')O 74,078,071 56,194,671 47,642,1l}
Total tradc
PO'
p"
p" Total
........... ...
2}7,~4.863
)42
18 . )3 19 36 16. 05 12 . 46 12 . 10 13 . 11 14 07 1144 17 . 90
CAPITA TRADB WITH COUNTRIBS o,.IIIR TlIA N THI UNITBD STATBS
Year
190) .. 1928 .. 1929 .. 1930 .. 1931.. 1932 .. 19}) .. . 1934 . 1935 . 1936.
26.124.852 2)1 ,171 ,751 248,930.946 210,684.121 166,844.793 165,295.733 182,626,053 183,687 .187 149.871.073
55 ,6~ , 1)}
Total
ca~ita
PUQI
5 06 6 . 26 6 . 22 424
307 1 . 86 2 .07 2. 84 2 . 95
"'6
98,599,208 180,53'),002 189.097,}7l H 5,469.98} 115,117,426 81 ,575,099 76,558,165 95,582,949 100.934,986 137,10},276
12.91 14 . 32 14 71
llOS 860 5. 97
>49 7. )2 7 . 71 10. 33
391
PH ILIPPINES and meat and dairy products fairly substantial de路 creases. An unprecedented increase in the import or rice from French East Indies was registered in 1936, amounting to 1'4,173,755 as against P530,812 in 1935. The greatest volume of our imports came from the Continental United States, 60.81 per cent having been imported from that country. Japan stood a very poor second having s upplied 13.12 per cent only. Germany and Chinn supplied 3.43 and 2.65 per cent, respectively.
The value of Philippine exports in 1936 showed a substantial increase of 56 per cent more than those in 1935. The increase was due mainly to big increases in exports of sugar, abaca, copra, gold bullion, and lumber and timber. There were also moderate increases in exports of coconut oil, de-
SUMMIIRY or TUB
b~RTS
Countries of origin of imports of exports
,
liND EXPORTS, BY
a~
destination
COUNTIl18~
siccated coconut and copra meal or cake. Tobacco products and embroideries registered slight decreases. These may be attributed to less demand of these products in the United States and other countries.
PRINCIPAL I MPORTS The ten principal imports of the Philippines during the year under review in the order of their importance in respect to valuG were as follows: 1. Iro n and Steel and ,nanu/actul'es thereo/In previous years cotton goods ranked first in the principal imports but in 1936 iron and steel and ,their manufactures which consituted 16 per cent of the total imports displaced the fOl'mel' from the firs t place, Imports amounted to P32,031,608 compared with 1'22,176,839 ill 1935, 01' an increase of
OP ORIGIN
1936 Imports Value Per cent Pt..JDI
United SUtes .. Hawaii .. Guam .. Porto Rico......... Virgin Island of U. S..
.,.,.
Jap~n .
Great Britain .. Germany.. Netherlands. China .. Australia .. France ............... British East Indies ... Spain .............. ' French East Indies .. Dutch East Indies . Canada ...... . .. .. " Belgium .... Italy ...... Hongkong Siam ...... .. .. .. .. . . . . .. . , . Dc:nmark .. Sw~en ........ Switzerland ..... Norway ...... '. Czechoslovakia . ................. rPanese-China
I~r!~d: ::::::: ...............
.. . . . , .
Uruguay .. ............. Argentina. ......................... Aunria ........... Other cOuntriC5 .. Total.
122,994,525 635,863 73,32 1
'""
D8n'INIITION, OURINO 1935 liND 1936 Exports Value Per Cent Pal l
60.81 .ll
04
26,528530 5,046,729 6,933,933 4,516,406 5,365564 4,717,144 2,095,968 3,656,915 501,194 U52,46O 3,378,743 2,402,771 1,991,972 141,854 1,')16,311 1,667,916 69.344 887,024 1,046,308 96,9')4 345,027 312,797 98,2'59 211,827 209,958 43,288 98512 404,892
13 . 1'2 250
202,152,349
'43 2. 23
1 . 65 2. 33 1.04 1.81 .25 2.10 1.67 1.19
.99 . 07
.76 .82 . 0'
.44
.52 .05 .17 .15 .05 . 10 . 10 .02 .05
237,504,863 61),364 311.331 100,771 1,394 16,786,272 8,3170520 3,791573 4,620.895 1,974,838 854,550 3.226,022 1,200,975 4,19 1,551 35,009 681,431 1,286.785 1,500,748 2.357,303 853,720 308,93 1 1,205,12'5 }62,4'57 17,460 492,068
Toul Trade Value Per cent PliDI
80.41 .21
.11 .0' 5. 68 2.82 1.28
l.56 .67
.29
1.09 .41 1.42 .01
.23 .44 .51 .80
.29
. 10
."
.12 .01
.17
, 21.076 182,596 26,329 1,313 62.nl
.01
.20
2,4'59,274
.83
100. 00
295.3')0,315
100 .00
.01 .06 . 02
}60,499,388 1.249,227 384,652 100,77 1 1,394 43,}14,802 13,}64,249 10,725,506 9,1}7,JOI 7,340,402 5571,694 5,321,990 4,857,890 4,692,745 4,287.469 4,060,174 3.689556 3,492,720 2,49'),157 1,380,031 1.976,847 1,274,469 1,249,481 1,063,768 589,062 345,027 333,813 280,855 138.156 209,958 106,059 98.512 2,86U66 497,602,664
72.44
."
.08 .02
8.70 2. 69 2. 16 1.84 1.48 1.12 1.07
.98 .94 .86
.82
.80 .74 .70 .50 . 4<\
.45 .22 .21 .12 .07 .07 06 .05 .0' .02 .02
.56 100.00
392
THE COMMERCIA L & INDUSTRIAL MANUAL
44 per cent. The incr ease was due mainly to big local demand of these articles d uring the year because of the many building and publ ic works constructions. The importations per capita in 1903 and from 1928 to 1936 were a s follows: Per Cent
You
V.duc
Pcr capil:l of tau.1 imports
o~'er
preceding ~'car
,
P(JDI
1903.
Increase (+) or decrease (-)
Per ,ml
1928 .. 1929 . 1930. 1931 . .
4,259,020 40,296,562 4),812,331 )8,559,1)8 26,729,765
1932 . .
19,977,574
1.46
IJ
-2S
19)).
17,)']6,98) 22,82)p:lS 22,176,Sl9 )2,0)1.608 ,
1.24
13 I, 13 16
- 13 +32 - 3 +44
1934 .
1935. 1936.
05'
3 . 20 3.41 2 . 94
1.99
l)
1.75 1.69 2.41
,
+31 +, -12 -1J
IS IS I'
As usual the United tates supplied t he greatest percentage of these articles, 76.74 per cent coming il'om that country. Germany supplied 7.10 per cent, Japan 5.81 per cer t, Belgium 3.73 per cent, Grcat B l'itain 3.17 per cent, and the r emainder from the rest of the world, as shown on the follow. ing table:
- - -----
4-
- - -- 193~
1936
Imported fromValue United StateS . . Germ:l.llr ·· Jap:l.lI .. Belgium. Great Britain .. Sweden.. Czechoslovakia . France Luxemburg Ch ina., ... Orher (ounuit·s·.:. Torl!. .
Puor 24.581,1IS 2.272,932 1,860,7~7 1,193,06~ 1,016,99~
4B.180 142,071 119,945 119,460 76,508 195,,)80 32,031 ,608
Per cent
Value
Per cellt
PUI"
76.74 7. 10 ~ , 81 3. 73 3. 17 1.42 . <4 )7 . )7
. 24
'I 100.00
17,032,OBO 1,6H,HO I ,B~,4 74
76 .80 7 37
880, 1 ~ 1
3. 97 2 .0} 2 . 10 . 25 . )7
451,062 466,016 ')5.775 81 ,012 63,794 55.811 231,524 22,176,839
~ . 53
. 29 · 'S
in 1935, The imports pel' capita in 19U3 a n d f ronl 1928 to 1936 were as follows:
Year
2. Cotton Uoods.-Imports of cotton goods in Hl3S amounted to P30,535,257 as against P30,599,841 in 1935, or a decrease of about Y.: per cent. These articles constituted 15 per cent of th e total imports in 1936 a s against 18 per cent in 1935. The decline was due mainly to the decrease of cotton textile imports from Ja pan, the amount imported during the yeal' being 1)10,947,354 a s against PI3,071 ,817
PtF uru
?UOf
1903. 1928. 1929. 1930. 1931. . 1932. 1933. 1934. 1935· 1936.
10.137,576 ')6. 2n,~
53.953,334 37,027,108 32.802,09,) 33.523.243 26.263,250 31.142,910 30,599,841 30,5]5,2')7
I 33 4.46 4. 20 2. 82 2.45 2 . 45 1.88 2 . 39 2 . 3~ 2. }o
IS
+22
'0
18 IS 17 21 I, I, 18 IS
- 4 -32 - II
+ 1 - 22 + 1, - 1 (, )
It may be noted from the following s tatistic;; that imports from the Continental United S"tatea increased very slightly, the total value OJ imports in 1936 being PI3,564,911 compared with 1'1 3,534,941 in 1935. Nevertheless, she s upplied 44.42 p er cent of th'e total imports of cotton goods while Japan supplied 35.85 percent only. It is notable t ba t J apanese imports decrea sed con siderably, and t his can be attributed to the agreemen t concluded by t he Governments of the United States and Japan in the later part of 1935, limiting the imports of Japanese cotton piece good ; into the P hilippines to a figure not to e xceed 45,000,000 square meters annually. While imports from Japan declined, imports from Hongkong rose from P3,234 in 1935 to Pl,082,360 in 1936. Figures show that during the period undel' review 11.~04 ,85 8 square mehn's were of Japanese manufactures and 7,666,588 square meter s of HonA"kong. T he imports of cotton goods in 1935 and ] 936 from different countries of the wOl ld were as follows: 1935
1936
Imported from-
1.04 100. 00
Increase (+) or Per cent decrease (-) Value Per capit:l. of roral over preceding imports ~'e:l.r
Unired Stalts . . .ho.t n. (ire:!.! Britain .. Ch i ll ~.
lion8l:ong . . .. France. Switurland ... Germam· .. Korei. Briti ~h Easr Indies Other countries.. Tot~l .
Value 13,564.91 I 10,947,354 1,51$,347 1,71 8,590
Per celli 44.42 35 85 6 . 14 563
V~lue
13.534.941 13.071 .817 1,294 ,905 1,181,666 },214 653.517 635,790
Ptr cellt H 23 42 72 4. 23
'.86 . 01 2 23 2 08
\,08~,360
355
590. 'l U 510.748 76.1\0 38.646 3S.220 95,249
1.93 1.67 2S Il
59,44~
. 1'
12 II
476 44 .619 89,432
lO
30.')"}).257
100 ,00
30,599,841
100. 00
IS
393
PHILIPPINES 3. Mirw'ul oil8,-Mineral oils constituting '1 per cent of the total imports during the ye~r under I'eview amounted to PH,G5G,83S compared wIth P15,293,182 in 1935 or n decrease of 4 per cent. Import... tions per capita in 1903 and from 1928 to 1936 were as follows: Increase (+) or decrease: ( -) Per cent Value Per capita ~f total ol'er pre~eding year Im ports
Year
p" rent
PUDI
1903 .. 1928. 1929 1930. . 1931. . 1932 .. 193J. 1934 .... 1935. 1936 ...
0.16 1.40 1.54 1. 37 1.41 1. 00 .81
1,252.384 17,608,298 19,838,056 17,921.314 18,935,275 13,718,021 11,270,285 12.781,'285 15,293,182
.98 1.17 1.10
14,656,838 ~
2 7 7 7 9 9 8 8 9 7
+1' +13 -10 +,
1936
1935
Imported fromPer cent
PruJ
United Sutes... Dutch East Indies .. Germany ... O th er countries . .
12,508.295 2,104,0:H 28,9:>6
Total.
14,656,838
15 ,5 ~ 6
Pll~J
1928. 1929. 1930. 1931. 1932. 1933. 1934. 1935. 1936.
13,292,723 15,27l,461 12,362,144 9,0)0,872 8,058,776 7,053,887 10,296,639 9,214,286 1l,40S,l)7
Value
Per cen t
PrJDJ
85 . 34 14.35 .20 . 10
13.334,552 1,887,113 15,539 55,978
87 . 19 12.34 .10 .37
100 00
15,293,18'2
100.00
4. A IItoJllobilC$, 1Ja)'h of, an d ti,'cs for.-In ]9;10 our imports of thC1;;e articles !'nnked fifth in lhe ten principal imports in respect to value but during the year under review they captul'ed the iourth place. Imports in 1936 amounted to PU,,1O!S,137 compared with P9,214,2R6 in 19 ~5, 01' an increase of 24 pel' cent. The spectacular increase may be due mainly to great demand of new models influenced by the boom in the gold and stock market. They constituted 6 per cent of the total imports. imports per capita from 1928 to 1936 were as follows:
l.05 1.19 0 .94
.67
.59 .'1 .79 .70 .86
,, ,, ,, •,
p"
'rllt
+ 7
+I,
-19 - 26 -II
-12 +46 -II
• As u s ual practically the United States supplied +24
these articles, ba:'ely 0.52 per cent came from other countries of the world as shown on the following:
-28 - 18 +13 +20 - 4
Imports from the United States amounted to PI2,608,295 or 85.34 per cen,t of the total supply of this product compared with "13,334,552 in 1935, representing 87.19 pel' cent of the imports of the same article, or a decrease of 6.6 per cent. On the other hand our imports from Dutch East Indies registered an increase of 11.5 per cent. The following shows the total imports from different eountries:
Value
Incre:lSe (+) or Per cent decrease ( -) Per capita of total over preccdiog im ports year
Valu~
Yen
1936
1935
Imported fromValue
Per cent
PU~J
United States . .. Japao.. Germany .. Greilt Britaio ... woada ... China.. Other countries...
Value
Per ce[Jt
PUDJ
11 ,348,579 33,336 9,744 8,751 3,054 2,650
99.36 .29
2,on
99. 48 9,155,711 . 29 26.456 .09 8,019 .08 9,563 2,128 .03 .02 706 .01 !l ,703
11,408,137
100.00 9,214,286
100. 00
Ioul. . . .
.09 .10 .02 .1'
5, Meat and dairy p)·oducts.-Although an increase of 18 per cent was registered in imports of meat and dairy products as compared with those of 1935, yet these imports, dUring the yea!' under review, stood fifth place instead of fourth in 1935. These products which constituted 5 pel' cent of the total imports amounted to Pll,024,354 in 1936 compared with P9,305,822 in 1935. The increase was due mainly to th e s ubstantial increase of imports from Netherland" and Australia. The following shows t he importations pel' capita in 1903 and from 1928 to 1936:
Year
Increase (+) or Per cen t decrease (- ) Val ue Per capita?f total o\'er preceding ye ar Imports Prul
190). 1928. 1929. 19~·.
193L 1932. 1933. 1934. 1935. 1936.
1,934 ,026 13,346.159 13,787.160 11 ,259.879 12.1 ~,885
8,128,254 6,s28.8<K) 8.231.400 9.305.822 1l ,024.354
0.25 1.06 1.07
.86 .91 .60 .47 .63 .71
.83
,,, •,, ,,,
Pt.
ar.t
3
+7 +3 -18 +8
-33 -20 +26 +23 +18
THE COMMERCIAL & INDUSTRIAL MANUAL
394
Impor ts of meat and dairy products from the United States in 1936 amounted to P4,229,083 compared with P5,131,443 in 1935, or a decrease of 21 per cent. While imports from the United States d!!cli ned, those from Netherlands and Australia showed very spectacular increases of 92 per cent and 137 per cent, respectively. The United States supplied 38.36 per cent, Netherlands 36.82 per cent, Australia 14.22 per cent, China 3.12 per cent and the remainder from the rest of the world as follows:
'h, following:
1936
Imported from Value
1935
Per CellI
Value
39 . 16 31.85 20路 59 8 . 05
2,444,690 1,716,349 1,105,445 409,4)) )5,248 89
42.80 30.05 19 . 36 7. 17 . 62
100.00
5,711,254
100.00
PUll
United States ... Australia. Canada ... Japan. China .. Other counlTics ..
Per ccnt
PUll
3,093,477 2,516,}76 1,626,864 6)6,020 27,426
.lS
356
Total.
1935
1936
per cent as may bo seen from
7,900,519
Imported from Value
Value
Per cent
Ptl~1
United States.. Netherlands Australia . . China ...
Uruguay . Japan .. Switzerland . Great Britain .. Denmar\;: .. Argentina .. Ocher countries .. Total ....
p" cenc
PUOJ
4,229,OB3 4,058,709 1,')67.798
'>343.791 po.",
38 . 36 J6. 82 1422 312
5,1]1,443 2,110,865 661.880
1.90
223,358 195,726 144,216 64,714 )6,171 69,961 107,664 9,305,822
18~ ,967
559,824
1.72 1. 31 .74
14),941 81,6~2
.50 54,727 )8,501 .lS 106,227 .96 11,024,354 100 00
55.14 22 .68 7. ll 6.02 2.40 2.10 1.55
.70
7. Tobacco products,-Imports in tobacco products, which constituted 4 ,Pel' cent of t he total imports, decreased from P7,500,559 in 1935 to P7,130,. 860 in 1936, or 5 per cent. The slump was due to the decrease$ in imports of tobacco products from all supplying countri~s of the world. The importations per capita in 1903 and from 1928 to 1936 were as follows:
. 39
.75 1.16 100.00
Year
6. Wheat floltr.-Import\ in wheat flour jumped from eighth plnce il~ 1935 to ~ixth place thio; year, This was due to a substantial increase of 38 pel" cent, the amount imported during the year being P7,900,519 as again st P5,711,254 in 1935. It constituted 4 per cent of the total imports compared with 2 per cent in 1935. The following summarizes the imports per capita in 1903 and from 1928 to 1936:
190)... . 1928., . 1929. 19)0. 1931. 19)2. 1933. 1934 . 19)5. 1936.
Year
Value
Increase (+) or Pcr cell[ decrease (-) Per capita of tOtal Ol'cr preceding imports year
PUl l
1903. 1928. 1929. 1930. 19)119)2. 1933. 19)4. 19)5. 19)6. .
1,615,708 10,650,60) 10,120,155 8,982,)29 6,429,2)7 4,903,878 4,4)2,208 :;,247,)88 :;,711,2:;4 7.900,519
0.21
.85 . 79 . 78 . 48 .36 . 31 . 40 . 44
.'"
,, , 3 2
, 3
, 2
Ptr (tilT
,
+9 -11
Value
Increase (+) or Per cent decrease (-) Per capita of total over preceding imports Year Pt~ unT
P all
(.)
27.142 6,202,070 6,541,455 5,887,775 5,44),428 5,386,142 4,240,219 5,853,802 7.500,559 7,130,860
(b)
0 . 49
2
.50
2 2 3 3 3
. 44 .40 . 39
. 30 .4S
.S7 . S4
+11 +, -9
- 7 - I
,, ,
-21
+38
,
+28
-
As in previous years, the United States suppli ed practically all our demands of tobacco products, 98.6 per cent of our supply in 1936 having come from that country, 1.24 per cent from Dutch East Indies, 0.13 per cent from China, and 0.03 per cent from other countries, as shown on the following data:
-28
-24 '-10
+18 +9 +38
Imports from all countries with the exception of China increased. The United States su?plied 39.16 per cent, Australia 31.85 per cent, Canada 20.59 per ccnt, Japan 8.05 per cent, and China 35
19)6
Imported from
Valuc
19)5
Per ccnt
Pall
Pall
United Statcs .. Dutch EJ.s[ Indies .. China .. Other countries.. To[al.
Value Per ceDt
98.60 1. 24 .13 .03
7,392,173 92,128 12.34) 3,915
98.55
7,130,860 100 ,00
7,500,559
Joo,oo
7,0}1,197 88,)14 9,567 1.782
1.2)
.1' .06
PHILIPPINES 8. Papers alld 11Ialllt/actlU'e8 thereo/.-A slight decrease of 3 per cent was recorded in the imports of papers and their manufacture. The total value of imports during the year amounted to P6,442,647 compared with r6,619,795 in 1935. It constituted 3 per cent of the total imports in 1936 as against 4 per cent in previous yenr. The imports per capita in 1903 and from 1928 to 1936 were as follows:
Year
Incn: ase ( + ) or Per cent decrease ( - ) Per ca pita ~f tOtal over preceding Imports year
ValLIe
PiT "fit
PU# I
1903. 1928. 1929... 1930. 1931 . 1932. 1931 . 1934 .. 19}5. 1936.. .
896,786 8,157,259 8,454,247 7,808,940 6,510,224
0. 12
1
.66 .66 . 60
3 3 3 3 3 3
+8 +2
4 4
+38 + 4
3
- 3
.".40
5,529,33~
.33
4,617,226 6,385,541 6,619,795 6,442,647
." . j!
,
~49
- 7
-16
-15 -16
Imports from the United States, Swedeu, China, and other countries dCfreased while those from Germany, Japan, France, Canada, Spain, Austria, and Great Britain increased but the increases l were not enough to offset the decreases. The United States supplied nearly 72 per cent, Germany 10. 19 per cent, Japan 4.71 per cent, France 3.84 per cent, Canada 2.31 pel' cent and the remaindel: from the rest of the world, as may be seen from the following table: 1936
Imported fromValLIe
1935
Per cent
Value
71.81 10. 19 4. 71 3 . 84 2 . )1 1.41 1.11
4,959,642 536,94) 280,386 237,459 84,192 72,710 67,656 87,275 13,817 4),746 175,969
Ptt~1
United States . .. Germany . . Japan .. Fr;ulce. C:mada . . .. ~ain .......... rC<lt Britain .. Sweden .. .... China ....... Auuria . ... . ..... Other coumrie$. . Total.
4,626,491 656,405 303,390 247,558 148,862 90,767 71,373 64.307 56,276 48,368 128,850 6 ,442,647
Per cent
395
wrought untold havoc in the Philippines, specially the rice producing regions, changed the whole situation. The Philippine Legislature passed a law, Act No. 4198, adding Paragraph 354 to the Philippine Tariff Act of 1909, providing for free entry of impol路ted food, clothing, etc., for distribution among distressed individuals, Pursuant to this provision of the law, the National Rice and Corn Corporation , which was established to stabilize prices of rice and com and to help the distressed individuals, imported 'heavily in 1936. Total imports in 1936 w{'re 91.574,177 kilos valued at P5,874,635 compared with 2,270,004 kilos valued at P556,208 in 1935, or an increase of 956 per cent in value. Nevertheless, this unprecedented substantial increase in rice impol'ts did not influence the customs collections because all importations made by the National Rice and Corn Corporation did not pay duties. This product constituted 4 per cent of the total imports during the year unde,路 review. Imports per capita in 1903 and from 1928 to 1936 were :ts follows:
Year
Valu e
Increu e (+) o r Per ce nt d C( rcue (-) Per capiu of tota l o ,'cr preced ing imports year
Pun 1903 ... 1928. 1929. 1930. 1931. 1932. 193)路 1934 . 1935. 1936.
25,104,764 4,880.727 11 ,620,026 1,Sl1 ,619 1.194,858 998.690 1,147,075 529,9)1 556.208 5,874,6)5
) . 29
. 39 .90 .12 .09 .07 .09
p,r 37 2 4
- 87 -21 - 16
1 1 1 1
..
'UI'
+ 127 + 1)8
+ l5 ->4 +
,
04
.
. 44
+ 956
PU~J
1.00
.87 .75 2.00 100 .00
6,619,795
74.92 8.11 4.24 3 . 59 1.27 1.10 1.02 l. )2 1.12
Practically all rice imports came from Oriental countries, led by the French East Indies with 71.05 per cent, Siam 28.38 pel' cent and Japan 0.48 per cent, as may be seen from the following statistics: 1936
1935
Imported fromValLIe
.66
Per ce n t
VlllLle
Per cem
2. 65 100 .00
9. Ricc.-Since 1927 until 1935 rice was not listed as one of the principal imports of the P hilippines mainly duc to the fact that rice productions were enough to support the people. The destructive typhoons and floods in recent years, however, which
Pu~~
French E:lSt Indies . Sillm . . Japan .. Uniled Slates .. Spain . British Eut Indies .
4,17),755 1,666,953 28.25) 5.218
Toul.
5 ,874.6)5
PU~J
71 .05 28 . 38
.48
.09
44'
12
100. 00
530,812 ) ,191 17,516 ),852
95 . 43
. 57 ) . 15
'OS
.69 . 13
132
.03
556,208
100 .00
)96
THE COMMERCIAL
&
10. Electrical machinery, apparatus and appliances.- Thcse articles f ormed 3 per cent of the total imports during the year. The value amounted to 1'5,830,861 as against P4,307,336 in 1935, or an increase of 35 pcr cent. Impor ts per capita from 1928 to 1936 were as follows:
Per cent Year
Value
Per capita
Increase (+) or decrcasc( - )
of [O[al ove r r rcccdin l; impons year P(r
PUDI
1928 1929
4,)70,059 7,460,050 9,742,846 6,972,727
1930 191L 1932
.74
1933.
3,2S0.~S
1934 .
4,340,1 7
-28
"n "
4,548,753
rOlf
+11 +71 +31
0. 35 .58
-JS -29
+34
})
1935.
4,307,3)6\
. })
- 1
1936
5,8]0,861
.44
+JS
iml:orts from the U"{ted States, Gel'many, Sweden, Japun, Ca nada, Greaf Britain, Netherlands, Italy, and Hongkong registel'~d moderate increases, while imports from China and other countries of the world recorded slight decreases. The United States was the best suppl ier , 86.45 per cent having been imported from that country. Germany shared al so with 3.43 per cent, Sweden, 3.02 per cent, Japan 2.62 per cent, Canada 1.36 per cent, (heat Britain 1.17 per cent and the r emainder from other countries, as shown on the foll owing data ; 19)6
1935
INDUSTRIAL MANUAL Other imports.-The other imports amounted t o 1'59,762,577 in 1936 compared with P54,620,085 in 1935, showing an increase of 1)9,654,056 or 16 per cent.
PRINCIPAL EXPORTS The ten principal exports of the Philippinel' during the year under review, in the order of their importance as to value, were a s follows: 1. Suaul,,-As us ual sugar maintained its place as ~he leading export of the Philippines. In 1936 a t otal of 951,833,987 kilos valued at P123,874," 64.4 were exported compared with 516,232,686 kilos 'Ialued at 1'65,981,359 in 1935 or an increase of 84.4 l)e1' cent in quantity and 88 per cent in value. The biggest shipment was recorded in 193<\ when the valu(> amounted to 1'130,909,Hll and the !Rcond in 1913 whieh amounted to P128,G61i,851. Th is year's shipment ran\ted third ill respect to value. Exports per capita in 1903 and from 1928 to 1936 were u !; follows:
Valuc
Year
Per capita
In crcasc (+) or Pcr cent decrea~c ( - ) of toral Ol'er rr.:c~dinJ: cxportS y:ar
Per
PtJ~f
6,650,468 95,08S,879 100,488,298 104.480,451 99,9Z6,210 119,603,769 128,666.851 130 .?09,161 65,981.359 123,874,644
190) 1928. 1929 1930. 1931. ]932 1933. 1934 1935 . 1936.
0 . 87 7 . 54 8. 28 7 .96 7.47 8.76 9.23 10.03 5 .04 9 . 34
10
crill
-
)I
,
+12
32 19
- 1 - 1
48 6) 61
+10 +. +' -50 +88
59 J5 42
Imponed from Value
Per cem
Value p(1~J
p(1~J
United States, . Germany .. Sweden .. Japan . Canada .. Grear Britain .. China .. Netherlands. hal y .. . . Hongkong.... Other countries Total.
5,040,711 201,3 43 175,763 152,963 79,132 68,378 47,517 39,194 8,856 5,150 II,854
Per cenr
86 .45 )4j
3.02 2.62 1 )6 1.17
. 81 . 67
.15 .09 .21
3,715,616 142,014 102,746 134,335 49,554 54,690 51,213 27,957 5,364 1,085 22,762
5,830,861 100.00
86. 26 3.30 2. 39 3.12 1.15
.27 . 19
As in year s pl'evious, lhe Uni ted States was practicall y the only market of sugar , 99.98 per cent having been shipped to tha t country in 1936, as shown below: 19)6 Imported from-
. 6' .12 .0)
. 51
4,)07,3)6 100.00
Va lue
1935 Per cenr
Total.
Per
CCot
PlUS
PUDI
Uni red Sut(;s .. , Guam .. Orher countries ..
Value
123,854,367 99. 98 9.510 . 10,767
65,898,34 1 14,723 58,295
99.87
12),874,644
65,981,359
100 .00
100 .00
.04
.09
PH ILIPPINES 2. Abacd.-During the year a total of 167,124,. 218 ki los of abaca valued at 1)34,1 77,197 were exported compared with 188,200,505 kilos valued at P22,947,933 in 1935. It may be noted that while the quantity decreased by 12.6 per cent, the value on the other hand increased by 49 per cent. T his was apparently due to the fact that prices of t h is commodity were higher in 1936 than those of 1935. E~orts in 1903 and from 1928 to 1936 were as
follows:
Year
Inc rease (+) or decrease(- ) over preceding year cxportS
Per cell[ Per c:lpita ofcoul
Value
----~
PU~t
1903••.
1928.
5.75
68
5},IS7~12
4.22 4. 42 2. 81 1.34
II
~1O
17
I',
+ 7
6 8 12 12
+37 +26 +32 +49
1930...
56,841, 00 )6,85),)52
19}1.
17,835.8\ .1
1932.
10,0}1,204
19B ..
13,747,719
I nt.
17.32},136 22,947,933 34.177.197
1929.
1935. 1936 .
P~r "III
44,001)76
~" ~'I
8
.73 .99 ~3J
1.75 2.
-44
Exports to all countries 0 the world increased compared with those of 1935. The three principal markets of abaca were the United States, Japan, and Great Britain. We exported 31.23 per cent to the first, 27.77 per cent to the second and 22.05 per cent to the last mentioned countvy. The .remainder, to the rest of the wod d as shown on the following: 1936 Imported from-
VlIlue
1935 Per cent
PtlilJ
United States .. JlIp.tn. Gre.tr Britain .. Bell:ium ... Germllny .. Frllnre.... Canadll .. husrulia ... . Norway . ... . Netherlands .. Other countries ..
10.673,421 9.489.950 7.535.139 94.5,763 842.396 650,363 603.349 533.064 470,988 354,971 2,077,793 3U77.197
31 . 2~
27 77 22 .05 2. 77
2. 46 1.90 177 1.56 1.38 1.04 6 . 07 100 00
VlIlue
Per cent
Paor 7,622.019
33.21
6.299.08~
27.4~
4,899,068 .559.422 446.767 411,191 485.557 447,788 229.091 129,310 1,418,6)6
21.3~
22.9U.933
2 . 44 1.95 1. 79 2. 12
3'I1
1928 to 1936 were as follows:
Year
Value
Increase: (+) or Per cent d«reasc ( - ) Per capita of totlll Over pr«ediog exports yellr
PUll
1903 .. 1928. 1929.. 1930. 1931. 1932. 1933. 1934 . 1935. 1936.
7.639,589
1.00
4.5.08~,682
3.58 2. 42 2.05 1.37
31.131.641 26.866,875 18,}OO.808 10.266,454 17,912,0.57 17,210,249 21,974,660 29,999,568
~31 ~14
,
~J2
9
-4,
,
+74 +28
8
1.29 1.32 1.68 2. 26
8
~
12 10
+37
Majority of this product valued at P19,54.l,964 and re presenti ng 65. 15 PCI' cent were shipped to t he United States. To Netherla nds we expor ted 10.89 pel' cent, France 6.58 pel' cent, Germany 6.10 per cent, I taly 5.67 per cent, Spain 2.92 per cent and t he rest to the other countries of the world, as shown on the following: 1936
,
Imporred from United Stues .. Nether1 aOds .. France . . ,. Germ llny .. IUly Spa.in. Mexico... Orher counrries .. Total .
1935 Per cen t
Value
VlIlue
Per cem
PiJill
PUll
19,544,964 3.268,036 1 ,97" ,86~
65. 1.5 10. 89 6. 58 6. 10 5.67 1.92
1,828.739 1,702,063 877,150 235.697 .70 1.90 568,055 29.999,568 100 . 00
81.88
18,212,020 146,417 1,277,266 83,284
.61 5.81
.J8
14,IS5
.06
1,833,698
8.34
407,820 1.86 2l.974,660 100.00
4. Cocotmt oil.-Exports in coconut oil wer e 159,622,830 kilos valued at P27,743,5 18 in 1936 compared with 165,194,373 kilos valued at P24,509,162 in 1935. W h ile the quantity decreased by 3.5 per cent t he value increased by 13 per cent. The inverse may be attributed to better prices during th~ year than in 1935. Exports per capita in 1903 and from 1928 to 1936 were as follows:
1.00 .56
Ye:l(
6.18
3. Copra.-Exports in copra incr eased both in quant ity and value. I n 1936, 291,087,730 kilos valued at 1'29,999,568 wer e exported as against 252,899,640 kilos valued at 1'21,974,660 in 1935, or an Increase of 15. 1 per cent in quan tity an d 37 per cent in value. Exports per capita in 1903 and f rom
+I8
10
.75
1.9~
100.00
I,9
12
1903. 1928 1929 1930.. 1931 1932. 1933. 1934. 1935. 1936.
Value
Per clIpita
Pu,s 162 46.978,}<l5 58,369.S83 38,310,763 3O,Q70.644 15,302,187 18.339.645 1},589,742 24,509.162 27,743,518
3. 73 4. 53 2. 92 2. 25 1.12 1.32 1J)l 1.87 209
Per Cent o( tOtal exports
I, I' 18 14 8
9 6 IJ
9
Increase ( +) or decre;lSe( _) over preceding
yw P<~
«", ~
,
+24 ~J4
~" -49 +20 ~26
+80 +IJ
THE COMMERCIAL & INDUSTRIAL MANUAL
398
Nearly 95 per cent of our exports amounting to P26,274,342 were shipped to the United States
and the balance to the rest of the world, as shown on the following data: 1936
Im ported from-
Value
1935
Per cent
Value
Prsql 24,010,197 10,808 59S46 91,87}
Ptl~1
26,274,342 552,213
United St;atcs."
Canada . . Nctherhmds .. Germany ..
British
E~st
94 .70 1.99 1.60 .57 .49 26 .39
444,525
157,766
Indies.
135,091 71 ,270 108,311
China ..
Other countries. " TotaL
'27,74),518
Per cent
100.00
97 . 96 .04
181,817
.24 37 .74
31,40} 123,516
.13 .52
14.509,162
100 .00
5. Gold Blillion.-Influenced by the ever in· creasing development of our gold mining industry. exports in gold bullion gained a foothold during the year under review as one of the ten principal exports and ranked fifth in p'oint of value. In 1936 the total exports amounted to P20,493,158 compared with P14,911,276 in 1935, or an increase of 37 pel' cent. It constituted 4 per cent of the total exports during the year. Exports per capita from 1928 to 1936 were as follows:
Value
Year
Per cellt Per capia of total exports
Increase (+) or decrease ( - ) o\'er preceding year
PtJ~J
1928 1919.. 1930. 19]1. 1932. 19}]. 19}4. 1935. 1936..
Per rtnf
.,I ." • , , .89
],730,]51 6,562,4]5 7,461,282 7,5]1 ,]50 10,071,492 9,693,171 11 ,634,884 14,911,176 20,493,158
+17 +76 +1. +1 +34 - 4 +20 +28 +37
.]0
2
3
. 56
.74 .70
1.14 1.54
8
The United States is the only market for this product as shown below: 19)6 Imported fromUnited St:.ues ..
Value
1935 Per cent
PU,I 10,493,158 100 . 00
Value
Per cent
6. Tobacco 1Woducts.-Exports in tobacco products during the year amounted to 1110,489,566 compared with P12,003,658 in 1935, or a decrease of 13 pel' cent. The decrease was due mainly to the decline in exports to the United States and Spain which were the principal markets of these products. Exports per capita in 1903 and from 1928 to 1936 were as follows:
Year
Value
Pcr capita
PrJ" 1903. 1928. 1929. 1930. 1931. . 1932. 1933. 1934. 1935. 1936. I·
I
(~l
100.00
0. 51 1.36 1. 37 I 19 1.11
3,893,750 17,142,813 17,579,888 15,671,771 14,841,675 12,800,118 10,355,787 10,389,407 12,003,658 10,489,586
. 94 .74 . 80 . 92 .79
,,
p"
,,
"tit
- 4
+ ,
,
- II
-
7 7
,, ,
- I'
- 19 ( .)
,
+1' - I]
Increase of less than one-half of 1 pet cent
Exports to the United States, Spain, Korea, Japan, and China declined, while those to Hawaii, France, Hongkong, British East Indies, Italy, and other countries increased, but the increases were not enough to offset the decrease as shown on the following: 1935
1936 ExporlCd to-
Value
Per cent
Value
Per cent
PtI~1
PII~I
6,577,1]0
United States .. Spain .. Italy ... France. Korea ... Japan .. China .. Hawaii .. HongKong. British East Indies. Other countries ..
5, 124,099 2,956,089 402,391 387.412 3}4,5Q6 277,622 175,408 211,631 96.925 91,730 330,753
48.85 18 . 18 3. 84
3. 15
3,177,450 2,119 17],1]3 7]9,662 334,428 288,400 20},688 93,455 89,185 323,008
Total.
10,489,566
100.00
11,003,6SB
Pa'i 14,911,176
Increase (+) or Per cent decrease (-) of total over preceding exports year
3.69 }.19 2. 65 2.63 2 .03
.92 .87
54 . 79 26.47 . 02 1. 44 6 . 16 2. 79
2 . 40 71
. 78 .74 ~.
70
100 00
________________________~P~H=~==IPp~IN~ES~____________________~3~99 7. Desiccated COCollut.-Dul'ing the year under review a total of 33,712,600 kilos of desiccated coconut valued at P8,794,125 were exported compared with 33,968,041 kilos valued at P7,924,630 in 1935. Whi le the quantity of exports registered a slight decrease of 0.75 per cent, the value showed a moderate increase of 11 per cent. Thi s situation may be due to hettel' prices of this product in 1936 than in the next preceding year.
Exports per capita
from 1928 to 1936 were as follows:
Value
Year
Increasc (+) or Pcr ccnt dccrea$c (-) Per capita of to tal over preceding exports year
P,ar 7,447,171 7,080.247
1928. 1929. 1930... 1931. 1932. 19}} .. 1934 ...
0 . 60
~,92~.689
3.644,257 3,2}},402
19}~ .
1936 ..
3,36~,609
."24
4,~,079
.24
7,924,6lO 8,794,125
.66
p" "nr +31 - 5 -16 -l9 -11 +14 +" +76 + 11
2 2 2 2 2 2 2 4 3
. 55 .45 .27
.60
Year
following:
p"
PUits
1928. 1929. 19lO. 19}1. 19}2. 19B. 1934. 1935. 1936.
0.72 .93
9,047,936 12,023,065 7, 183,47] 5,314,259 6,699,649 3,798,631 5,332,840 10,152,489 8,549,110
3
.55 .40
. 49 .27 . 41
.78
+33 -46
3
-26
4
+20
2 2
-<3 HI +9<1
5 3
.64
-16
As usual the United States was the only outcent of the
local production having been ship ped to that country in 1936 as shown on the following statistics: 1936
Exported toUoited States . . Hawaii .. . Other councries . Toral .
9.
Value
1935 Per ccnc
P(JDr 8,532,672 13,981 2.457
99 .81 . 16 .03
8,549,110 100 .00
Value
Per cent
PUDr 10,1}8,446 10,936 3,107
99 .86
10,152,489
100 .00
.11
I.lP?
Lumbtw.-Lumher exports in 1936 increas-
cd both in quantity and value.
The total exported
was 462,398 cubic meters valued at P6,199,222 1936
Exporccd to-
Value
1935 Per cent
Value
United Stalei. Canada ............ Ochcr coun trics ... Total ..
99 .00 .69 . . 31
8,794,125 100.00
Pa cent
PUDI 7,883,876
99.49
40,754
. 51
519 in 1935, or an increase of 36.9 pel' cent and 23 per cent, res pectivel y .
Exports per capita in 1903
and from 1928 to 1936 were as follows: Incrcasc ( +) or Pcr cent decrcase (- ) Per capita of 10lal O\'er preceding
7,92'1,630 100. 00 Year
V:llue
c~ports
8.
com~
pared with 337,662 cubic meters valued at P5,023,-
--~~----~~~----~~ P,rDr 8,706,276 60,911 26,938
}' C:ll'
Embl'oiderie8, cotton and Bilk.-A d ecr ease
in ex ports of cotton and silk embroideries was registered in 1936.
The value exported amounted to
P8,549,110 compared with PIO.162,489 in 1935, 0)" a decrease of 16 per cent.
This d ecrease, however, is
not discouraging to OUI' local industry of these articles because thc value of exports compared favorably wi t h the prcvious exports.
Exports per capita
from 1928 to 1936 wer e as follows:
etnf
+13
4 2
let of these al路tides, nearly 99 per
The United States, a s in prcYious years, was practically the only market of this product, 99 pel'
cent having been shipped in 1936 as shown on the
Incrcase (+) or Per cent decrease (-) Per capita of (otal oyer preadiog exports year
Vdue
P(IDI
1903. 1928. 1929. 1930. 19311932. 1931 . 1934. 1935. 1936.
67,986 6,253,001 7,237,918 5.486,784 3,681,103 1,669,450 2,537,214 4,342.790 5,023,519 6,199,221
0.01 .50 .56 .42 .28 .12
Ptr
(.)
. 18
. 33
.38 . 47
{oj Less than one-half of 1 per cent.
2 2 2 2 I I 2 3 2
""Z
+ 12 + 15
-24 -33
-55 +52 +71 +16 +23
THE COMMERCIAL & INDUSTRIAL MANUAL
4()()
Exports to the United States, Japan, British Africa, Korea, British East Indies and other countries increased, while exports to Great Britain, China, and Australia decreased as shown on the followIng data:
Value
Per cen!
Prs~J
United Statts .. . Japan. Great Britain ..
2,)14,114
Korea .... . , '" , . '"
Ocher coumrics.. Total . . .
}8 . 29 37 . }3
282,473
2)],054 219,2)7 45,252 )2,484 140,320 ,
)0.76 11 . 52 8.28
3. 62
37 . 67 20. 45 29.72 4.20 4.65 3. 31
100 .00
.3,278,847
100.00
56 . 53 18 . 14 14 . 53 4 . 88
3,659.079
' .J(}
.24
Other cxports.-The other exports amounted to
100. 00
5,023,519
100. 00
1'21,371,128 compared with PI 2,371,474 in 1535, or an increase of P8,999,664 Ot路 73 per cent.
Exports pel' capita from 1928 to 1936 were as
Increase ( +) Or Pcr cent decrease (~) of toul over preceding Per capica exports >':ar
PODT
(~)
PISDJ
l,235,)S9 670,616 974.592 1)7,565 152,384 10S,331
2.068,494 663,S89 531,667 17S,486 84.041 132,)02
2.42
follows:
5.772,274 7.5SS.573 3.7SM49 3.0H .605 2.107.333 1 .llS,107 2.102, 241 3. 27S.S47 3.659.079
Total .
Pcr eeoc
121,960
.52
meal or cake in 1936 increased both in quantity and value. This was due mainly: to big demand of this product during the year in the United States. A total of 108,267,545 kilos valued at P3,659,079 were exported in 1936 compared with 101,864,072 kilos valued at P3,278,847 in 1935, or an increase of 6.3 per cent in quantity and 12 per cent in value.
1925. 1929 .. 1910路 1931. 1932. 1933 1934 1935. 1936.
United States .. Denmark .. Germany. Netherlands. Sweden .. Othcr countries
Value
4 . .,
10.-Copra. meal or cake,-Exports in copra
Value
Per cent
3. 60
(
Year
Value
2. 26
,
6,1"9.2,222
)8.72
1,944,97) 1,545,1-10 578,570 415,739 180,708 224,171 12,258
9.01 4.56 3.76 3. S4 . 73
558,698
China . . British Africa . . Australia .. British Eo!$[ In dies .
Per cent
PfJDI
2,:m.590
to-
PO#I
[0-
Value
1935
19"
Exportcd
1935
19J6 Exported
Denmark, 4.88 per cent to Netherlands, 2.30 per cent to Sweden and the remainder to the other countl"ies of the world, as shown on the following:
0 . 46
.59 29 23 IS I' I'
. lS . 28
,
Ptr
I I I I I
, I
COlI
+16 +31
2
-50 -19 -31
(, )
(, ) +SS +12
Len chan one-half of 1 per ccnt.
More than 66 per cent of the total copra exports amounting to P2,068,494 \"!ere shipped to the United States, 14.63 per cent to Germany, 18.14 per cent to
FOREI GN CARRY ING TRADE During the year under review, a total of 570 vesels having an aggregate net tonnage of 2,234,103 belonging to fifteen (15) nations engaged in the foreign trade of the Philippines compared with 513 vessels with an aggregate net tonnage of 2.055,309 belonging to equal number of nations in 1935. 01 these vessels, 175 were British, 102 Japanese, 81 Americans includ~ng 3 aircraft, 71 Norwegian, 42 Dutch, 36 German, 22 Danish, 16 Chinese, 8 Italian, '7 Swedish, 4 Gl'eek, 3 Panaman, 2 Philippine, and 1 French. There were I'ccorded during the ye3J' 1,29R vessels that discharged 1,798,500 tons of import cargo and 1,142 vessels that loaded 2,058,706 tons of export cargo. American ships as in the past led in the foreign carrying trade of the Philippines in 1936. n.'fzrchandise valued at P152,597,038 W2re transported by American bottoms, PI26,412,375 by British, 1'77,692,147 by Japanese, P45,374,828 by Norwegian, P22,331,574 by Dutch, P15,999,350 by German, P14 ,541,637 by Danish, P7,296,829 by Panaman, P3,592,147 by Swedish, P2,165,2'70 by Chinese, Pl ,496,~9 by ltalian , P519,431 by Greek, P228,764 by Philippine, and P30,8H by French. The following tables show the nationality of the vessels engaged in the foreign carrying trade, the value of cargoes carried by each and the percentage, in 1936 and 1935; and number nnd net tonnage, by nationality, of incoming and I)utgoing vessels:
401
PHILIPPINES
I'" N.:aciOO.1.lity of ,'essels
1935
P~r
Valu~
eenc
Value
P'HI
p(l~J
"m~ican ..
Bri/ish .. " J,tpanes.c: .•. Norwegian ..
152,597,0}8
)0.66
1~, 474 ,8 22
126,412,)75
2 ~).40
77,692,147 45.374,828
1561
9O,l}],60) 47,31)7 ,482
7,296,829
9. 12 4.49 3. 22 2.92 1.47
),592, 147
.72
:::,165,270 1,496,H9 519,431 228,764 W.814
. 44 .)0 . 10 0'
22,nl,574
Dutch .. German ... Olnish .. P.:an.1ma n. .
15,999,)50 i4,sn,637
Swedish .. Chinese ... iCldi.:an .. Greek '"
Philippirll: .. French .. Spanish ... .
Toul br freight .. 470,278,643 Total by m~il. ... Toul by Olircr:l.ft. Tou.! trade
Per (eor
27,}17\672
28,nO,'H3 16,018,899
11,10),885 11,910,905 7,829,0')2 2,852,207
37 . 40 25 . 07 13 . 16 8.00 ' .46 3. 09 3. 31 2. 18
.79
~m,66-\
. 1' .26 .70 .01 .03
920,860 2,51 9,862
44.253 129,736 671
94 .50 354,s52,444 4,956,615 ,,0
98. 61 1.)9
6,149
497.602.664~ 100
00 )59.:i39.0';9 100.00
1,36 Vessels emered Nalionali(y of Number Net tonnage vessels
232
.\merican .. Philippine .. British .. Chinese. D~njsh .. DUlCh .... French .. German .. Greek ... Italian .. Jap~ nese .. Non\·e8 ian .. Panam~n .. Swedish.
26 541
"" ,
16\
,
MOO
Number Net (onnage no
"
468
"" • •
1)4
1,120,182 }O,s39 1.81O,n4 60.810 161,901 :)75,997 5,200 594,883 11,868 80,760 941,519 411,465 43,544
104
159 10 30
6S6,1l5 17 7~9 75.780 1,06U57 S08.571 44,310 108 ,457
"
8~,404
1,711
6.716,706
1,480
5.9B,296
117
I'
)08
Total.
1,lJ.2,s90 24,569 2,041 ,107 90,016 270,056 686,609
Ve$sels cleared
I,
270
113 10
1935
Vessels entered Nation;>lit}' ~essc:ls Am~ican ..
Philippi ne .. British .. .. . Chinese Danish ... Duteh ...
French. German..
Vessels cleared
,r Number Net tonnage
251 I'
468 14
"
155 I 119
1,309,675 5,133 1,849.552 34,242 217,821 648,057 8.389 582,992
Numb:r
2SO 18
''''I,4J i3l I 102
Net tonnage 1,316.726 4,170 1,715.45 4 3),857 17},05! 564,355 8,389 504.427
Greek ... haJian .. JaJ»nese . . . Australian .. Norwegian. Panaman .. Swedish .. Total.
10 I
265 I
119 8
27 1,513
}O,344 },491 918,331 392 407,294 29,123 97,18} 6,141.974
8 I 221
97 i3 26
24,}3} 3,491 758,982 334.001 47,2}} 92,587
1,}66
Mercha:ldise valued at P27,317,672 were impor't:ed through the mails in 1936 as against N,986,615 in 1935, showing an increase of P22,331,057. The year under review marked the b:!ginning of ail' transportation in the Philippines, ar.'d the value of merchandise transported by ail' in 1936 amounted to 1'6,349. In the trade between the Philippines and the United States the total value of merchandise carr:ed by American vessels amounted to P1 37,203,687, of which P55,997,864 represented the imports ana P81 ,205,823 the exports. or the imports, merchandise valued at P28,191,09S cam" from the Atlantic coast of the United States, P27,779,179 from the Pacific Ooast, and P27,587 represented the value ot American goods imported from foreign countries. Of the exports, 1'45,094,113 worth of merchandise went to the Atlantic coast and P36,111.710 to the P:l.cific coast. The British ships, which ranked second in the cal'l'ying trade between the two countries, carried merchandise valued at P87,541,05.1, of which 44.451,976 represented the imports and P43,089,078 the exports. Of the imports, merchandise valued at P30,967,784 came from the Atlantic coast, P13,474,420 from the Pacific coast and articles of American origin valued a t P9,772 cnme from foreign countries. Of the exports, merchandise worl h 1136,_ 867,524 went to the Atlantic coast and f6221,554 to the Pacific const. The Japanese, Norwegian and Danish vessels followed in the order named in the Philippine-American b'ade in respect to the value of merchandise transported. As usual foreign \'ess~ls were granted special permits to call at ports other than ports of ent:·y fol' the purpose of loadin ~ carzo for export. The following tables show the different ports of each coll<!ction district at which foreign vessels called, the kind, quantity :\nd value of cargoes loaded at each port for export;
THE COMMERCIAL
402
&
INDUSTRIAL MANUAL
~"iJ~ C~l/(ftiDn
Dis";"
Loaded acBulan, Sorsogon . . . Calatagan, Batangas. us iguran, Tayabas . . Casiguran, Tayabas. Cauwanan, Batangas .. Casan, ~farinduque .. , Gubat, 5orsogon ..... Hondagua. Tayabas .. Infanta , Tayabas .. Mauban, Tayabas. Nasugbu, Batangas .. Pol illo, T al'abas . . POrt Real , 'TayabilS . San Fernando, La Union . Siain, Tayabas.
Kind of cargo Abaci ............. Centrifugal sugar. Abaca.
Logs .. Copr;t.. Copra .. Abaca .. Copra .. Copra ..
Copra .. Centrifugal sugar, Logs ...
~b~~~; ·I~~i.".: · Copra ..
Quantit)'
· ... .... bales.. . ..... IciJ05 .• , .. . bales .. · board feet .. · " . kilos . . · .. ".. kilos.. · ... bales. . . "... , kilos, . . ........... kilos .. . . kilos .. · .... .. , kilos . . . .. . board feet .. ." . kilos,. . kilos .. . .. kilos..
Value
778
1»26,720
4,333,763
~74.371
1,)62 4,141,220 1,448.691 554,0CXl
394 1,322,979 716,670 4, 225,422 11,684,552 4,844,854
500,000 4,734,]49 845,719
45,206
61,575 15],886 45,824 13,668 123,16} 76,742 338,526 1,466,64}
74,123 SO,OOO 1,330,41]
77,967
C.IUI COI/"';Oll Dirtri,t Bais. Oriental Negros . . Borong:lO, Samar. Bogo, Ccbu ........... \ .' Bugo. Oriental Misamis . .. Bugo, Oriental Misamis ... \. Buruan, Agusan .. " ...... . Cagayan, Oriental Miumis., Cantil:an, Surisao .. Dinagat, Surigao .......... . Dumaguete, Odental Nesros \ Gingoog, Oriental Misamis ... :.: .... : .:'.:'. Gingoog, Oriental Misamis.. . .. , . . . lligan, Lanao.............. . Kolambug an, Lanao .. . Kolambugan, Lanao.. Kolambugan, LanaO ... Kolambugan, Lanao .. ,. Misamis, Occidental Misamis . . . NilSipit, Agusan ............. . Plaridd, Occidental Misamis. Tadoban , l.cytc. Tadoban , !..eyre .
Centrifugal slIg;H. Copra .. Centrifugal sugar. Canned pineapple .. re-ex. cannery equipment Logs .. Copra .. Logs .. ..... Logs . . Copra .. Lumber . Logs .. Logs .. Moro curios .... ,. Household effects .. Lumber . Logs .. Logs .. Logs .. LoSs ... Chrome ore . Copra .....
,.
I1~il~ C~lktt;M
Guinanon, Girnaras Island ... Hagna)'a B.wan . . .... . Hinigaran. 6ccidental Negros .... MambaE;uid , Occidental Negro5 .. Mangan n, Mindoro ........... .
i~l~b~~~.a.n.' ~.e.i~e~~~: .~~~~~~'.'
... . Sagay, Occiden tal. Negros ........ . San CarlOl, Occidental Negros .. . San Carios, Occidental Ncgros . Sumag ui, Mi ndoro .... Victorias, Occidental Negros ... Victorias, Occidental Negros.. Victorias, Occidental Negros.
Logs .. Logs . . Logs .. Logs .. Lumber. Logs ..
32,968,265
.... board feet .. '" .kilos .. · ..... board feet. . . .. . board feet .. . . ...... ki los .. . . . board feet.. · ..... board feet .. ... board feet..
3,540,111 4,551,)17 158,153 6,686,296 1')0,26) 26,111,121 4,825,')02
10,081 642,610 14,421 456,210 85,611
· board feet.. · board feet .. . .. board feet .. . .' .... . board feet .. · ..... board feec. . . ........ Idlos.. . . . Idlos ..
7,924,721 107,119 241,191 8,499,}OO 1,480,825 179,400 9,102,652
459,694 11,809 27,152 126,28) 12,172 4,560 69),021
. . . kilos .. 12,650,0:):) 1.016,048 . ... kilos .. . . . ... kilos .. 50,232,645 . kilos.. 12,822,086 7,906,751 . ..... kilos .. . ....... kilos .. 19,651,204 1,241,127 . ... . kilos . . 7,019,438 ... board feet .. . kilos .. )1,560,0·41 5,195,824 bios , ... board feet .. 4,063,451 ... kilos., 42,953,659 6,)49,460 .kilos .. 3,800 · .. liters.
1,653,200 117,267 6,)4},7H 5,577,898 1,016,621 1 ,559,690 109,118 517,514 4,704,887 51,140
645,160 864,893 1,156,606
508.000
4,535,917 72,801 I,CXll,9J8 315,226 676,659 58,236 41),565
2,000
m
1,=
Dis/ria
Centrifugal sugar... Centrifugal sugar,. Centrifugal sugar .. Ccnuifugai sugar. . Centrifugal sugar. Centrifugal sugar .. Copra .. Lumber .. Centrifugal sugar., Molasses. Logs ............ Cenuifugal sugar Refined sugar .. Rectified alcohol Z4m"~'JJI!." C,1f(ffi~n
Basilan Island . . . . . . Dapi ta n, Zamboanga .. Dipolog, Zamboanga .. Lumarao, Zamboanga ..... . POrt Holland. Zamboanga ... Pon Holl an d. Zamboan ga ..
· ....... kilos . . . .. kilos .. .kilos . . · ..... kilos ..
77,990 5,529,855 1.10l,9)6
1)'
Dis/rift
... board · . board board ..... board .... board . ... board
feec. . feet ,. fet. (eet. . feet .. feet. .
6 ,27},189 2,748,645 875,091 178.892 1,479,093 4,692.755
127,767 42,612 14,04 4 3,51 ) 44,037 88,474
40)
PHILIPPINES L<!Qspi C~II,,'iD" Dil "irl
Kind of ca rgo
Loaded at-
V~lue:
Qu:anti ty
Tandoc. Camarines Sur ..
. ... kilos . . ) ,992,69) . kilos .. 64),864,904 Iron ore: ... 10,60} . ' .. square: meu:rs . Ve:nee:r.. ),:m.)IS . kilos. . Copper concc:ntrate: ... ' .. board fee:l.. Lumber. 5,707,070 . board feet .. 5OS,30~ Logs .. . kilos .. Chrome: ore: . 725,600 . .. kilos . . Copra ..... ' ......... ' . 1,628,421 J ,s24,COO . . kilos .. Copper concentrate: . . . . ......... board (e:c:t.. Lumber. lIS,sS8 . ..... kilos. 4,486,753 Copra .. Copper conce:l\[r~te: kilos .. )13,}25 . board fe:eL. Logs ... 508,833 . .. balts .. Abadi. 850 . .. kilos .. Copra .. sa8,COO Lumber .. . .... board feet. . 256,906 . .. kilos . . Coppe:r concentrate: 289,S60 Logs board feet .. 104.555 Abaci... . . ... . .. bales .. 9,041 Chrome ore: . ..... kilos. 4,867,492 . kilos .. Copra .. 587,534 Abaca ... . . bales . . 24,S12 11,s66 Maguc:y. . .... bales .. 8,042,08~ Copra . . . .. kilos .. RecxFOrtation, slicer mac hine .. Lumber. . . board feet. . 6,647.350
Port Lamon, Surigao... POrt Lamon. Surigao..
Lumbc:t-.. Logs ..
Bulan, 5o(508on .... " ........ . ulamhaya"g;l, CamarinC$ Sur .. ulab,.ngVl, CamaTincs Sur... Dahiun, Carnarints None ..
Dahican , C.. marines Norte ... . Dahle:!.n, Camarincs Norte... . Gubat, Sorro80n .. .
Gubat, SorsOBon .. " Lagonor. Camarincs Sur ...... . LabwiSan , Camarinc:s None .. Masbatc, Masb31C ." ..... , . M:lInbulao Bay, C;.marincs None McrccdC1:, Carnarincs Norte. Nato, Camadncs Sur.. Nalo, Camarincs Sur.. Pambuhan, Samar.. Paracalc, C.. marines Norte . Paracaic, Camarincs Nonc .. Sabang. Camarincs Sur ... Sabang, Camarines Sur. . .'\ Sabang. Camarincs Sur ... . Tabaco, Albay ... " ... . .
Tab:l.(o, .... Ihay .. Tabaco, Albay ... 'rando" Camarincs Sur ..
Copra ..
No local products have been loaded at the Jolo collection district during the year.
DOCUMENTATION AND LI CENSING OF VESSE LS AT THE PORT OF MANILA During the year, a total of 135 vessels having an aggregate registered net tonnage of 9,359.29 were newly documented at the port of Manila as against 172 vessels having an aggregate registered net ton nage of 6,543.16 in 1935. Of these vessels, two (2) steamers with an aggregate net tonnage of 1,894.11, forty-one (41) sailing vessels with an aggregate net tonnage of 924.00 and eighteen (18) motor launches with an aggregate net tonnage of 303.82 were for the coastwise trade; eighteen (18) motor launches with a total net tonnage of 143.30, thirty-th ree (33 ) scows, lighters, barges, cascos and
board (e:et .. . ........ boud fe:et ..
2,410,367 1'5~ ,641
r
481,264 2,818,130 S.7l 1 1,641 .600 50'),803 1,),81'5 )7,140 158,93'5
52.SOO 6,681 457 .631 138 . ~60
6 ,288 21.120 )S,oo;)
3,48) S4,CXXl 1.}l8 327,169 2),250 '53,427 '5'51,616
117,938 886, 450
),600
)06,cm
21],669 12, 424
bancas with a total net tonnage of 2,207.12, and eighteen (18) sailing vessels with a total net tonnage of 102.78, were for the bay and river traffic; and one steamer having a net tonnage of 3,732.00 was documented for the foreign trade,
One motor-
boat having a net tonnage of 2.62 and three (3) yachts for p leasure having a net tonnage of 39.54 were documented exempt from annual licenses. Coastwise licenses were issued to 170 steam a nd motor vessels having an aggregate net to nnage of 30,980.01 and 402 vesels not pI'opelled by either steam or other mechanical motive power having an aggregate net tonnage of 17,201.95. Bay and river licenses were issued to 1,145 miscellaneous vessels having an aggregate net tonnage of 37,051.16 for the bay and river traffic.
THE COMMERCIAL & INDUSTRIAL MANUAL
404
Three (3) steamel"S, five (5) steam launches, three (3) auxiliary schooners, thirty-foul' (34) motor boats, fifty- six (56) scows, lighters, barges, cascos and bancus and s ixtY-foul' (64) sailing vessels having a total m!t t onnage of 5,189.11 were reported either wrecked, abandoned, or transferred to fore ign registry.
En,eral
19)6 POrt~
Mllnilll ," Iloilo. Ccbu. .1010 .. ZlImbollnga. OavlIo. lcgllspi
COASTW I SE ENTRANCES AND
nage.
3,570 6,548 7-1ll
427 1,878
249 269
Total.
CLEARANCES A total of 20,352 vessels having an aggregate net tonnage of 4,334,949 entered the various ports of entry in 1935 compal"cd with 18,548 vessels having an aggregate net tonnage of 4,186,192 ill 1935, or an increase of 1,804 vesels and 148,757 net tonThel"C were also 20,542 vessels having an
from the same ports during the year compared wilh
Totlll.
1,1I2,51) 1,087,955 1,237,129 73.938 549,539 149,687 124.088
20,352
Manila ... Iloilo. Cebu . . Jolo . .. Zamboanga ... Oa"ao. Legaspi.
aggregate net tonnage of <1,343,825 that cleared
1935
of cmr)' Number Net tonnllgc Number Net tonnllge 3,048 6,384 6,718
4,186,192
),043
248
1,075,875 1,030,360 1,144,994 75,187 520,373 133,453 101,261
18,617
4,081,503
184
4,334,949
269 20,542
4,)43,825
247
18,548
427 1,539
Cleared 1,107,327 1,095.289 1,247.521 73,938 547.410 148,152 124,188
3,685 6,570 7,475 428 1,868
248
1,107,080 1,116,561 1,134,025 75,110 518,667 133,488 101,261
6,)94 6,779 4]0
1,539
184
respC!ctive net tonnag:e! (l\ning 1936 and 1935 fol-
INSPECTION OF VESSE.L S A towl of 725 vessels having an aggregate gross and net tonnage of 95,457.98 and 58,667.79, respectively, of which 372 wcrc recorded in Manila, ]29 in Cebu, and 224 in Iloilo, were inspected during the! year compared with 727 vessels with an aggregate tonnagc of 91,269.93 gross and 56,873.60 in 1935, of which 438 werc recorded in Manila, 72 in
lows:
Cebu, and 217 in Iloilo.
18,617 vessels having an aggregate net tonnage of '1,081,503 in 1935,
01'
an illcrease of 1,925 vessels
with an aggrcgate net tonn ge of 262,322. ."'. compal'ativc statemen
of the entrances and
clearances of vessels engaged in thc coastwise tradc in the diifel'cml ports of the Philippines with their
TUB S l 'ATUMBIHS 5110w
TilL! Io:U.yD NI1MDIlB _,NO TONt-;AGI! Of
VI!;;BL~
IN SVeCTL!D AND !teCOkDIlD
\T DAC U POIIT
-~
Tonnage Number of vessels
Gross
No<
Steamers inspeCted anti certified . . Stellmers inspected but not certified ..
2S
25.998.14
21
27,496.6~
14.307.48 15,200.10
Total seellmen inspected.
4<
53,~94.78
29,507.')8
17 6
618.17 336.34
210.99
2)
964.51
487.73
Sleam Illunches inspected :tnd certified. .' . Stellm l:tunches inspected but not certified. Tot:tl bunches inspe<:ted
276.7~
7,831.62 1,2}1.94
M7}.l6
Tot3i inspected
" 30'
9.063.56
5,060.81
Grllnd toul.
372
63.386.51
)4,845.l}
Motors, sailing \'e~sels :tnd viu l' inspc:cted ~nd certified. Motors, s:tiJing \'eS$e1s, y:tchlS {nspccted but not certified
2)8
587.45
PHILlPP LNES
405
O,-cr O"cr 1,500
RiS
l ,OOJ under
1.500
Toral launches inspecte.! MOlors, sailing vessel, virays and scows inspc<Olcd and ccnifU:d ... Motors, sailing ,-essel, :tlld yacht irlSpccled bu r not certified. To tal inspected.
under 500
Under 100
11
12
6
17
None None
None None
None None
None
None
None
None
None
None
None
None
None
11
11
Gr:l.nJ coral
\
under 1,000
Over 100
6 6
Total steamers ins~c{cd
Steam bunches inspected bur nor certified .
rOllll:l.l;C
6
Steamers inspected and ccnified ..
Steamers inspc"ed bur nor ccrtifie<1
Steam launches insJXcted and cereified .
Gross O,ocr 500
Total
None
11
"
None
21
No!'!, None
17
17
None
2)
6
6
,
m
12
None
2]8
61
6S
15
281
2]8
)2
'07
372
10
( PORT OF CBBU
Tonnage
Numb:r
Rig
Ste;l.mers inspc:c ted and certified. Steamers inspected bul not certified.
of vessels
I
11 None
TOI"I steamers illspecu:d. Motors, b:ll'ges and uiling \'essels ins!X="cd :lIId certified. Motors, brgcs and sailing vessels inspected but not certified.
G,~
Net
),799.26
3,195.70
None
None
11
5,799.26
3,195.70
117
6,611.40
None
10,155.7-1 None
Toul motors inspec ted ..
117
10,155.74
6,611.40
Grand total. .
129
IS,9S4.99
9.807.l0
None
Gross tonn:lge Rig
O"er
1500
Over 1,(0) Over 500 O"er 100 Under under under under 100 Toul
l.5oo Steamen inspected and certified. Steamers inspe tcd but not certified. Tot,,1 inspected .. Motors buges :!.nd uiling vessels inspected ... nd certified . Motors, barges "nd sailing vcssds inspected but nOt certified.
None NOlle
None
1,000
None
None
500 6 None
11 None
6
None None
None None
TOI,,1 inspc:ctcd ...
None
None
Gr"nd IOtal..
NODe
None
None 12
26 None
88 None
26
8S
"
90
117
129
THE COMMERCIAL & INDUSTRIAL MANUAL
406
Tonnage
Rig
Number of vessels
Gross
Steamers inspected and certified ... . . . . StC'amers inSfXtlCd but nor certified .. .
N"
80.53 H1.27
Total Sleamers inspeCted .
j\'!OIOrs, barges and uiling vessels inspected and certified.
421 .80
219.36
12,O I6.M 3,677.84
11,269.71 2,526.49
15,691.68
1),796. 20
178
Motors and ulling "cssds inspected but not certified ..
39
Tot:ll mOlors inspected ...
'17
Grand total
11.
44.23 175.1)
14,OI5 . ~
16. 116.48
Gross Tonnage O,'<:r 1,500
Ri g
Stcilmcrs inspected and ;}rcili cd .... Ste.1.ffiCTS inspected but nOI certified
None:
Tot:!.[ steamers inspc'!c
None
None
Motors, bargcs and sailing I'csscb inspected and certified .. Motors, barges and uiJing "ends inspected but not certified. Total mOtors inspected . .
. .\
..
Over
Over
"'"
100 under
under 1,000
Under
Total
100
'00
None: None
None:
None:
None
I
None None:
None
J J 6
7
44
IH
178
None
None None
6
JJ
J9
'".
None None
.1. .
None
None
None
50
167
217
None
None
None
,I
l7J
'24
I
Gund total.
During the year 319 vessels having an aggregate tonnage of 8,626.18 gross and 7,057.12 net were admeasured at the ports of Manila, Cebu, and Iloilo compared with 295 vessels having an aggregate tonage of 5,432.31 gross and 4,404.12 net, in 1935. The following stateme"ts show Hie kind, number and tonnage of vessels admeasured and recorded at each port:
Over 1,000 under 1,000
P~rt ~I
Steamers. Steam launches.. ,od auxil iary Motors schooners. Sailing vessels . . Scows, barges and lighters. Cascos, baneas and others . . Total .
C,6/1
None None
None None
None None
16 46
374.79 573.53 i50.51
267.78 573.53 ISO.51
None
None
None
66
1.098.83
991.82
None None
N"lne None
None
"
345-22 127.10 58.26 2 , 187 .21
lJ9.U 124.75 58.26 1,952. 13
2.717.79
2,274.)6
•
P~rl ~f l/~iI~
Tonnage Classes of vessels
Number
N«
Gross Stumers. Motorship. M otor launches . .. Motor umpans .. Motor boats .. Motor banea . Baneas ... Sail boats.. Lighters .. .
Scows ... . Motor yacht . Total admeasured .
, I
16
8
I ,O}4.37 175.71 560.07 242.51 104.31
595 18 81.68 286.23 132.24
I
.91
11 21 11 2
314 .18 438.93 1,449.98 294.12 28.86
01.02 .61 314.18 438.93 1.0116.03 285.53 19.63
10'
4 ,809.56
3,790.94
19
•
Steamers. St~am launches . . Motor boats "d auxiliary schooners .. Sailing vessels ... . ......... Scows, barges and lightcrs. Cascos, banca$ and others . . Total.
16
1
99
I"
Noo<
There were 1,382 special permits issued dUring the year to vessels operating in the coastwise trade, bay and river traffic, and any ocean, pending issuance of the corresponding certificates of inspection by this Bureau compared with 1,447 special permits in 1935.
PHILIPPINES Four hundred eleven (411) coastwise vessels were inspeded for sani tary purposes. Several of them were found insanitary and administrative fines were imposed upon t hem according to the chal'~ acter of t he offense. COASTWISE GUARD SERVICE At the beginning of the year under review only one revenue cuttel', the "Arayat," was operated by the Bureau of Customs because the revenue cutter "Mindoro" is out of commission since 1932. On June 2, 1936, this Bureau took charge of the ad~ ministration and operation of one cableshi p and two lighthouse tenders as well as the fundious and duties formerly performed by the Navigation Div~ ision of the Department of Agriculture and Com~ merce, which were transferred to the Bureau of Customs by vir tue of Executive Order No. 34 issued by His Excellency, the President of the Philippines, dated J une 1, 1936. On November 25, 1936 the steam yacht "Casiana" whic\ was purchased by the Commonwealth a1'l'ived in Manila from the United States, and was added to t he vessels under the ad~ ministration of this Bureau. At the end of t he yeDr 1936 the following vessels vere in operation under the immediate supervision of this Bureau, namely, "Casiana," "Apo," "Arayat," "Banahao" and "Canlaon." The different duties and functions for which tiLe aforementioned vessels were utilized are as fol~ lows: 1. Transportation of t he President' and other Government officials;
2. Inspecting and supplying lighthouses; trans~ portation of lighthouse construc tion parties, mao terials, lightkeepers and their families, a nd the care and preservation of buoys, beacons and other aids to navigations; 3. Laying and repail'ing of the government marine telegraph cables; 4. Trade and agricultural promotion work; 5. Collcction and segregation of lepers, and transportation of relatives of lepers visiting at Cu~ lion; 6. Assistance to ve::;sels in distress and other I'clief cxpeditions; 7. Patrol work in connection with the enforce~ ment of Customs and hnmig'i'ation laws, as welI as thc laws regulating game and fi shel'ies.
407
After the assumption by this Bureau of the admini ::;Lration of the lighth~uses, the r evcnue cut~ tel' "Ararat" was used for inspecting lig ht houses together with the other vessel s transferred f t'om the Department of Agl'iculture and Commer ce. Six~ teen (16) trips were made by the cuttel's for light~ house purposes, of which two were made by the "Arayat," six by the " Banahao," and eight by the "Canlaon." They spent a total of 30S days and travell ed 31,393 nautical miles. The rev e nu ~ cutter "Apo" (formody "J. Bus~ tamantc") is equipped for cable work. She was undergoing extensive repairs at Engineer I sland when the t t'ansfer to this Bureau was effected and was not ready for navigation until November lSth when she left for the only cable trip made during the year, under the direction of thc Bureau of P osts. This trip was intcrrupted when she was recalled to Manila on December 11th to be dispatched on a relief tri p to the North. She resumed the cable路 work 011 December 19th and was still on the trip at the close of the year under review. While the cutter "Banahao" was stil l under the administration of the Department of AgricultUre and Commer ce, t he ves::;el was dispatched to carry the Fifth Floating Exposition under the direction of the Bureau of Commerce, leaving Manila on May 15, 1936 and returning on June 17th. She called at 36 important ports of Visayas, Mindanao, Jolo, Ilnd Palawan where locall y produced and manufact~ ured articles were exhibited and sold to the public. !l'he cutter "Banahao" travelled 3,355 nautical miles and consumed 62,252 gallons of fuel oil. On March 10th the cuttel' "Canlaon" was placed at the disposal of the Director of Health for n trip to Culion in connection with the leprosy service of the said Bureau. On her trip to Culion she cart'ied 71 lepers, seven doctors and employees and 244 tons of cargo and on her return trip she brought 110 negative lepers, 15 non~leprou s children, and 21 doctors and employees. There were five trips made by the revenue cut~ tel'S on emergency service, two of which wer e made while on lighthouse inspection. On July 15th, the revenue cutter "Canlnon" left Manila 拢01' Palanan, Isabela, to investigate the sinking of motorship "Marie" in that viCinity which oCCUl'red during the typhoon of July Sth . Again on August 18th the "Canlaon" left r-.'lanila with salvage crew ana equip. ment for San Vicente, Cagayan, wherc the United States coast and Geodetic Steamer " Fathomcl''' was
408
THE COMMERCIAL & INDUSTRIAL MANUAL
grounded. A salvage dredge was picked up at Aparri and the salvage work was immediately started upon arrival at San Vicente on August 20th. The "Fathomer" was refloated on August 29th and towed to Manila, arriving on September 1st. During this t r ip the lighthouse at port San Vicente was inspected and the damage on Cape Engano light station surveyed.
MARINE OFFICERS During the year 1936, there were issued 278 cer路 tificates to Marine officers of which 138 were for any ocean, 6 for coastwise, 34 for limited coastwise and 100 for bay, river and lak~, The different cel', tificates issued are as follows:
The Revenue cutter "Banahao" mad~ two trips for relief purposes. The first was on S eptember 18th when she assisted the sailboat "Penny" which was in distress ncar the San Nicolas Shonl ii-hthouse, and towed the same into the harbor. The second was on October 21st when s he searched the vicinity of Badnjos, Carmen, and Romblon, Romblon Province, for Member Lota of the Provincial Board of Romblon who, with other passengers, was lost when the sailboat "Carmen" capsized,
Masters. Chid mates. Second mates., Third mates .. Major patrons, . . Minor patrons. D;LY, river and l;Lke oa!Tons .. Chief marine gineeTs .. Second mulne ,l[ineers.. . .. Third marine gineeTs Fourth marine gineers., . Ch ief motor gineers ... Second motor gincers.. Third mOtor gincers. .. ,. Fourth motor gincers . B3Y, riller and lake motor engineers.
The revenue eutter "Apo," while on a cable trip in the Visayas, was recalled to Manila and on December 11th dispatched to Aparri to bring relief suppi ies and personnel for the tufferers of the typhoon and flood in the Cagayan Valley. She brought employees of the Bureau of Plant Industry. the R cd Cross and the press, 4,200 sacks of rice, foods Luffs and other supplies. At Aparq she loaded '50 cases of dynamite fol' St, Domingo de Basco. Prior to the transfer to ttfis Bureau of ehe revenue cutter "Apo," "Banahao" and "Canluon," only the I'evenue cutte!' "Araya t' was making the regular patrol work for the whole Arcbipelug:>, wncn not di spatched for othel' purp oses. Inasmuch, however, as the captains and chief officers of the ves' sels of the former Nnvignt;':;m D ivision, Department I)f AgricultUre and Commerce were invested with powers a s Cu stoms agents, Constabulary age-:ts, and Deputy Game Wardens, they arc also made a vailable for the police duties in connection with t.he ill egal intrus ion of foreigners in the Philippine water s and the enforcement of the Customs and Immigration laws as well as the Fish and Game laws. The "Bnnahao," while on a lighthouS'2 irl'3pection trip in the North, made also a patrol trip from March 24th to April 14th, cruising along the Batanes and Babuyanes. DUring the patrol trips of the "Arayat," she inspected 63 motor launches, Japanese sampans, sailboats, cal'go boats and lighters. The revenue cutters made six patrol trips which lasted a total of 188 days, travelling 11,744 nautical miles and consuming 399,517 gallons of fuel oil.
L".. i芦d
AnT ""un
,.,,-
,,,.,,-
n.y. <iva
CO."lYj,. co,,,,,,j,, .nd Jok.
To ..!>
1)
1)
6
6
II
II
48
48 6
6
34
34
J7
J7
,
,
6 , ...
6
10 .
10
17
17
,,-
'"-
,
'"-
Grand total.
138
6
34
6)
6)
100
278
Eighteen duplicate certificates were issued in poe lieu of lost 0' defaced original certificates affidavits filed with this office, follows: Two for third mates, two for major patrons, five for minor patrons, one for bay, rive t', lake patron, one for chief marine engineer, one for second marine enginecr, three for fourth marine engineers, one for fourth motor engineer, and two fo!' bay, river, and lake motor engineer. Two triplicate certificates were also issucd in lieu of lost duplicate certificntes as per affidavits filed with this office, as f:>llows: One for minor patron and one for chief marine engineer. One third mate's certifica :e was issued to a graduate of the Philippine Nautical School after he has duly qualified in accordance with law. Two minor patron's certificates on sail vessels were issued to applicants who had compl ied with the provisions of Act 3697, The remaining two hundred fifty-five marine certificates were issued to candidates who had successfully passed marine examinations.
.,
.,
PHILIPPI NES During the period undel' review, thel'e were also 921 marine officers (patrons and engineers under special pel'mit included) who have undergone a physical examination to determine their fitness to continue navigating, in accordance with the provisions of section 1196 of Act 2711, a s amended, MARINE ACCIDENTS Eighty marine accidents met by vessels of Philippine registry and one by vessel of foreign regis. try within the jUrisdictional watel's of the P hilippines wel'e registered in the year 1936, of which :~1 wel'e coll isions, 9 gloundings, 12 sin kings, and 29 due to miscellaneous causes, The coll isions between f ishing motorboat "III anila X" and steam-launch "Marta," t he fishing motorboats "Shindiki Maru" and "Manila X," the fishing motol boat "Commonwealth" and a fishing banca, the fi shing motorboat "Ambulong" and casco " Baltazal'," the motol'ship " Alabat" and a sailboat, the motor-launch "E-7" and fishing motorboat "IIliss ltoman," and the steam-launch " Oeste" and steam· s~i~ ,"Venus"; the, groundings ~f ste.amshi p " I slas Flhpmns," steamship "Mactan," and motorshi p "Est)'ella Texaco;" the sinkings of sail " Filomena," moto)'·launch "Patricia," sail "Vilos," motorboat "Butuan," motol'ship "Marie," steamship "Isidoro Pons," motorboats " F elix," "Tagumpay," and " P ilar," sail "Carmen," motol'ship "Sugbu," and motorlaunch "Virac;" and the motol'ship "Nora l\lael'sk" which caught fire, were nccidents of notable impol'. tance, The collision between the motol'boat /'Manila X" and stcum-Iaunch "Ilfal'ta" occurred in the mouth of the Pa sig River on March 4, 1936 and l'e. suited ill the sinld ng of the former vessel. The patron of motol'boat "Manila X," having been found I'esponsible by the Board of Marine Inquiry, was recommended for (; months' suspension, The penalty was I'educell to thrce months by the Secretary of Finance, The collision between the motorboats "Shi ndiki Maru" and "Manila X" took place in Manila Bay 011 Apri l 10, 1936, which resulted in the si nking of the lattaI', No investigation was conducted at the l'equesL of the interested parties who settled the I\luttel' umicnbly, The collision between motorboat "Comlllonwenith" and a fishing bancn occurred in Manila Bay on June 17, 1936, The patr on of motol'boul "Commonwcalth" was exolleruted hr the
Board of Marine Inquiry upon investigation, The collision between motorboat "Ambulong" and casco " Ba ltazal''' occurred in the Pasig River on August 13, 1936, and the casco was damaged considerably, The patron of motol'boat "Ambulong" Was found responsible by the Board of Marine I nquiry and recommended the suspension of the said patron's mal'ine certificate for one mont h, The collision be~ween motol'ship "Alabat" and a sailboat took place between Dahican and Capalonga in the evening of September 24, 1936, The Board of Marine Inquiry found the cI'ew of the sailboat res pons ible upon investigation, and exonerated the officers and crew of motorship "AJabat", The collision between motorlaunch "E-7" and motorboat "Miss Itoman" occurred in the Pasig River on October 6, 1936, which r esulted in the sinking of the former, The patrons of these vessels wel'e found both responsible by t he Board of Marine I nquiry and recommended the suspension of their marine certificate,; for one month, The collision between the steamship "Vel' u: " and her work boat and the Bureau of Public Works' "scow No, 5" towed by steam-l aunch "OasLe" occurred in the P asig River neal' Fort Santiago anchorage in the morning of November 19, ] 936, Thi s accident was investigated by the Boa rd of Marine Inquiry and ,found that it was due to the erratic and inefficient handling of the Burea u of Publ ic Wo!'ks · "scow No, 5" without any fault on the part of the steam-launch "Oeste" and her patron 01' of the pilot, master and officers of the steamship "Venus," The grounding of steamship "Islas Filipina ~ " occurred on August 12, 1£136 off the shore of Mataja Island and that of the steamship "l\'Iactan" took place 011 November 14, 1936 off northeast of Piapi Point ncar Dumllguete lighthouse, These accidents we:·e investigated by the Board of foolarine Inquiry and are still pending decision, The strandinZ of moto !'ship "Estrella Texaco" occurred in Port Sula, L egaspi, L'om December 2 to December 7, 1936 when th ~ typhoon passed thru this p lace and t he accident was due to fo/'ce majew'e, The sinking of s:li] " Filomenn" occUl'l'{'d of[ CalolbOll, Catanrlualles., on January 15, 1936 and no casualty registered, The sinking of sail " Vilos" occurr ed on May 23, 1936, off Su lut Samnl', and (; persons were reported drowned, The sinking of motorboa t " Patricia" occurred between
410
THE COMMERCIAL & INDUSTRIAL MANUAL
Sahang, San Jose and Guijoio, Cnramoan, Camal'i~ nes Sur, on April 21, 1936, and 7 persons were reported drowned. The motorboat "Butuan" sank off CuntiJan, Sul'igao, on JUlle 30, Hl36, and the patron was drowned. The sinh:ing of motorship "Marie" occurred on July 8, 1936, off Paianan, lsabeia, and nOlle of the 23 members of the crew was accounted for. The sinking of motorboat " Tagumpay" occulTcd off !l-latoco Point, Bntangas, on Septem. bel' 25, 1936, and six of the fourteen persons on board were reported missing. The si nking of motorboat " Pilar" occurred off Lamanok, Merida, Leyte, 011 Octobe l' 6, 1936. The sinking of sail "Carmen " OCCUlTed on October 9, 1936, between Tablas and Cobl'adores Islands and 3 of the 26 persons on board perished. These accidents were not inves~ tigated by the Board of Marine Inquiry as the vessels wel'e not manned by licensed officers with the exception of motorboa t "Butunn" and motol'ship "Marie;" the master Of the former was drowned and all the complement of 'the latter was not accounted for. The si nking of motbrboat "Felix" occurred off Quiniluban Isl and, Pa!awan, on August 10, 1936. due to boistel'ous weather and no casualty re~ ported. The sinking of st\amship "Isidol'o Pons" occu rred off Palauig Lighthouse, Zambales, on July 21, 1936 and there was no loss. of life reported. This accident was due to an errOl' of judgment of the second officer, Cecilio Jimenez, concurred in by Capt. Pedro Roses, honestl y incuned in the performance of their duties with ordin3l'Y zeal and diligence. The sinking of motor-vessel "Sugbu" OCCUlTed on October H , 1936, between Zamboanga and Negros. The master, the second officer, 5 passengers and 8 members of the crew were saved. The other officers and members of the crew numbel'ing 31 and some passengers, number unknown, were not accounted for. This accident is still being investigated by the Cebu Customs authorities. The sinking of motor-launch "Virac" occurred in San Miguel Bay on December 2, 1936. Thi s launch was at drydock in Tabaco, waiting for Customs inspection when the typhoon passed the Province of Albay. The said launch was dl'ive n by the strong winds and cun-ents to the sea and sank. This accident was manifestly due to fortuitous cause and was not investigated. The Danish motor-vessel "Nora Maersk" caught fiJ'e about 300 meters from Zamboanga Wharf on July 19, 1936. No acction was taken on this accident as the motoI'vessel "Nora Maersk" is of foreign registry. All other accidents were of minor importance and either
manifestly fOI路tuitous 01' unavoidable, and according_ ly filed, while others were withdrawn upon request, upon settlement, by the interested parties. During the yeal' 1936, there were issued 160 special permits to operate motor or steam vessels of 15 gross tons or less pursuant to the provisions of Act 3555, as compared with 156 for the year 1935, or a diffel'ence of 4 permits. This difference is attributed to the changes of either the port of operation of fishing motorboats or the changes of unlicensed patron or engineer employed thereon requiring issuance of new permits. DUring the same period there were 100 special permits to operate motor vessels under 35 gross tons in accordance with the provisions of Act 4015, as compared with 89 for the year 1935, or an increase of 11 permits. This inCl'ease may be attributed to the operation of motor vessels which were temporarily laid up in previous years. CONSULAR SERVICE Dudng the year, 141 seamen were disch"rg~rl at the Port of Manila from American vessels, of whom 33 were Americans, 107 Filipinos and one (1) European, compared with 165 seamen discharged in the yeur 1935. There were left in the hospital for treatment for the account o( the vessels concerned, 25 seamen consisting of 24 Americans and one (1) Filipino. In addition to those regularly discharged, 31 seamen were reported discharged by their officers 01' voluntarily left their ships, as against 56 seamen who were signed off other than discharged in 1935. All Chinese seamen paid off other than discharged at this port during the year 1936 were all sent back to China by the agents of the vessels concerned. During the same period, there was also effected, under the supervisions of this office, tbe transfer from one vessel to another of seven (7) seamen, all Chinese, compared with 28 seamen similarly transfel'l'ed in 1935. The number of seamen shipped out in 1936 was 184 as against 213 in 1935. Among those shipped out in 1936 were 74 Americans, 88 Filipinos, one (1) European and one (1) Hawaiian. Four (4) of those shipped out were signed on at sea and 16 repatl'iated by the ships' agents. The wages collected due the seamen during the year amounted to $5,228.90, which amount was paid to the corresponding seamen before the close of the period.
PHILIPPINES There were 195 consuh1l' invoices, 72 1 invoices of returned American goods and 5,727 certificates of origin issued by this office during the year 1936.
IMMIGRATION AND EMIGRATION The year 1936 closed with an increased number of persons who arrived in, a nd departed from, the Philippines. Excluding the enlisted men and persons attached to the military and naval forces of the United States, a total of 37,021 pel"sons arrived in, and 27,648 persons departed from, the Philippines in 1936 compared with 31,320 arrivals and 25,440 departures in 1935. Of those who arrived, 5,748 were Americans, 5,448 Filipinos, 3 Hawaiians, 23 American nationals. 18,722 Chinese, 4,203 Japanese, 938 English, 390 Spanish, 380 East Indians, 225 Germans, 172 Dutch and Flemish" 119 Russians, 107 F rench , 63 Itali ans, 49 Scotch, 37 Scandinavians, 33 Irish, 26 P ortuguese, 4 Syrians, 1 Turk, and 330 of other nationalities, Of the American arrivals, 2,841 came f r om the United States and In sul ~ Possessions and 2,907 from foreign countries; of the, 5,448 Filipinos, 2,539 came from the United States and Insular P osses... ions and 2,909 from foreign cOu);ltries,: of the 18,722 Chinese, 5 came from the United States and Insular possessions and 18,7 17 fl'om China and foreign countries; of the 4,203 Japanese, all came from Japan and other foreign countries, Of the 18,717 Chinese coming from foreign countries, 5 ,~85 were immigrants and 13,232 non-immigmnts and of the 4,203 Ja panese arrivals from Japan and foreign countries, 2,474 wel'e immigl'ants and 1,729 non-immigrants. The depal'tul'es in 1936 consi sted of 6,160 Americans, 3,145 Filipinos, 7 Hawaiians, 3 American .nationa ls, 12,766 Chinese, 3,183 Japanese, 838 Engli sh, 233 Germn ns , 228 East in dialls, 153 Dutch and Flemish, 87 French, 80 Russians, 53 Scandina_ vians, 36 Scotch 32 Italians, 15 Irish 3 Svl'ians 1 TUI'k, and 316 of othe r nationalities. ' Of the 6,{UO Americans, 2,492 went to the U ni ted States and other Insular Possessions and 3,668 to fO l'eign countries. and of the 3,1 45 Filipinos, 405 went to the United States nnd Insular Possessions and 2,740 to foreign countries, or the 12,766 Chinese departures, 8 went to the United States and other Insular Possessions and 12,758 to foreign countries, of whom 172 were emigrants and 12,586 non-emigrants; of the 3,183 Japanese. all went to Japan and other foreign countries, of whom 1,525 were emigrants and 1,658 non-emig rants. Two hundred sixty-seven (267) aliens consist-
4ll
ing of 266 Chinese and 1 East Indian were debalTed from the Philippines in 1936 compared with 242 aliens, all Chinese, in 1935. Five (5) aliens of whom 4 wel'e Chinese and 1 Ru ssian were deported during the year compar ed with 16 aliens deported in 1935 consisting of 13 Chinese and 3 Russians. Effective January 1, 1937, the administration of existing Philippine immigl'ation laws under the j urisdiction and executive s upervision of this Bureau was transfer r ed to the Department of Labor pursuant to Commonwealth Act No, 139 and Executive Order No. 81. PROTESTS AND APPEALS A total of 141 protests against the classification and appraisement of imported articles, collection of customs duties and internal-revenue taxes, fi nes, wharfage dues, immigration bonds, etc" were filed with the Board of Pl'otests and Appeals of this Bureau dUring the year compared with 151 protests filed in 1935. Of the pr otests filed in 1936 and those filed in previous years and left pending at the close of 1935, 58 wel'e ovel'l'uled and denied, 92 sustained, 6 dismissed and 68 pending at the close of the year under l'e'1ew, Thirty-two (32) of these pending protests were held in abeyance pending decision of an identiGUI case appealed to the Supreme Court. E ight of those ovelTu led were appealed to the Court of First I nstance of Manila, of which seven (7) were decided confirming the decisions of this "ffice, and one ( 1) pendin'g d ~cisio n at the close of the yeaI'. There were a lso heard and acted upon by the said Board of Protests and Appeals, 56 seizure cases compared with 68 of such cases in 1935. Similar protests were also lodged with the Collectors of Customs at the other ports of entry. Th ree decisions were forwarded to this office either on appeal or for review, 2 of which were against the assessment and collection of customs duties a nd one (1) against the imposition of fine, All these decisions we r e affirmed. GOVERNl\IENT PIERS Dudng the yeal' undel' review, 1,036 vessels berthed alongside the Gover nment piers at the port of Manila, of which 767 were engaged in the foreign b'ade, 215 coastwise, 36 belonging to the Commonwealth of the Philippines, and 18 belonging to the United States Army and Navy compared with a total of 1,018 vessels in 1935, of which 768 were in the foreign tl'nde, 180 coastwise, 69 belonging to the Commonwealth of the Philippines. and one (1) belonging to the United States Army and Navy.
THE COMMERCIAL & INDUST RI A L MANUAL
412
The following is a comparative statemen t of the vessels berthed alongside the piers in 1936 and 1935: 1936 Pier No.3
Pier
Pier
No. S
No.7
Toral
4B
767
14
2lS )6
IS
'"" •
299
300
'"
1,0]6
I"
250
414
"I
II
49
II
9
768 180 69
178
306
<)'
1.018
Foreign . . .
99
Co.l$twisc Govemm::m ..
ISO )2
U. S. Atn1\" and Nav,·
Toul.
193;
Foreir:n CoaSTwise, . GO\·~rrllllelr.
jjO
U. S. t\rnw and Nl\'}' TOf;'!.
~e
foregoing
~tement
18
I
shows that the 'lUm-
ber of vessels engaged in the foreign trade that berthed :llangside the p~el's in 1936, decreased by one (1) vessel compa!'cd with those of 1935. This decl'ease, although llegligib{c, was primaril y due to the recent nm l'itime stl'ik~ in the United State ~ which caused the tying up of hips in the lntter part of 19:JG; othelwise, there shou d huve been a remarkable incrcase. In !'.pitc of the fewer number or vessels that berthed nlon'tside the piers during the. year compared with those in 1935, there were more cargoes discila ,·gcd at this port. A total of 1,497,096,373 tons of general cargo was discharged by foreign commercial vessels at this port during the year, of which 839,658,~23 tOil S were discharged onto the piers and 65'7,438.]5 tons at ships' s ide as against 1,268,35697 tons in 1935, of which 686,451.52 were di~chal"l!ed onto the piers and 581,!)05,45 at ships' side, or :1I1 increase of 228,73!),403 tons in the total carg-o d;scharg-ed at this port, as shown on the following compara tive statement:
-----
ing firearms without the requisite license, S!X (6) for impol'ting lottery tickets, one (1) for theft, ;md two hundred forty-three (243) for violation of the Immig ration and Chinese Exclusion Laws . Eleven ( 11) of them were brought to Courts, resulting nine (9) convictions, one (1) di smissal and one (1) pending ut the close of the yea r. For the convictions so obtained, a total imprisonmen i? of six (6) months and one (1) day and Pl ,OOO f ines were imposed. Of the 243 pel'son s arrested for violation of the Immigration and Chinese Exclusion L aws, nineteen (19) were deported and the rest turn'?d over to the Immigration Division for propcr disyo· sition. With th e joint efforts of the Secret Servic. lllld Appraisers Division of this BUI·e.III , then, were e["fected fifty-eight (58) seizu]'es und fo rfeitm-es of '~onb'llbnnd goods, ,;ilk textiles, mother-of-pearl but((,ns, celluloid combs, and miscellane(lIlS I;l(!l"chznrlist' in the port of l\·[ anila. The seizure of ];IO')st n(lt.-.hlc importance was that effected en April 8, 1936, when I! casp.s of celluloid combs, silk handkerchiefs, rayon soel;s, etc., were seized fOJ' fn lse invoice and [als1 declaration. They wer e sold at public aucLion sale 011 .lulv 27 , H136, and the Rllrcnu I'calized th ~ 11ll1oh nt of 1)4,705. The followinp: article" W(ll"C seized by the Cu"'tall)!'. Secret Service at the pOI·t of Muniln il: ; 9~1.i: Roullds Ammun itions or pistols and rC\'o"'er~ do Ammunitions for rifles .. do Ammunitions for home-made rCI'olvcr .. Packs. Chinese playing cards ..
20.297
324 100 4
F1RIlAU1S:
J
.. Numbers.
Pistols ..
do
Rc,'ol\"crs ... ' ......... - .. Re,'ol\"crs ( Home-made)'. Lottcrv Tickc[s of Sha llghai .. PRomiuTilP DRUGS: Opium ashcs .. '
2
Number. . Bookle!s . .. Kil ogram ..
~~:p~i~~~:~~e.~ .. : .. : .. : .. : ... .. :: :'.' Kilo~~:I.ms... rOR SMOI:I!'O OPIUM Opium bowls... .
I
17
0.065 97.095 0.579
,
PAR""ueRNA LI A
19)6
To!al conn;.;!!c of T;.;rgo diKharge \ b~ forci~1l commercial vessels a! this port .... . To!al conn~ge of sellcTal c:!.rgo discharJcd onco chc gOI'cmmcnt picrs ... . .. .
1.497,096.373 839,658.223
Numlx:rs. Differencc
1935
228,739.40) 153,206.703
1,268,356.97 686,451.52
657 ,438. 15 581.905.45 __75.532.70 Tocal cClllnar:c of cargo Jisrhan;:':,:d~'~'~'~h~i'~.~ 'i:d':.,;,;,:,:,:,;,;,,;,;,,::,,;,;,:,:,:,;,;,;,,,;,::,,;,;,,::,,:,,,_;::,:;;;::;,:,::,_..::::.::..;;;.;;.:... .;.;c...",-
SECRET SERVICE Du ring the year there were 254 persons arrested at the port of Manila, three (3) of whom were for violation of t he opium law, one (1) for im}'c.)rt-
Opium lamps .... Op!um pipes .. OpIum needles ..... _ Opium spaculas .. _ Saccharic!; ·· Mollta.i1o·
do do do do
. Tins .
,, ,, ,0
PHILi PPINES PERSONNEL Exclusive of the pCl·sonneJ of the forme r Navil&ation Divisioll under the Depar tment of Agri. culture and Commerce, who were t ransfe r red to this Bureau on JUlie I , 1936, the forego ing statements l;how that thcre was a decrease of 15 employees at the end of the year compared w ith the total number of emplo~'ees at the end of 1935. Thig was due to the transfer of 12 employees w ith their respective positions and snlal·ies to the Budget Commission on May 16, 1936, by vi l·tue of Executive Order No. 25, and the three (3) vacancies created by the death of t he Collector of Customs of Iloilo and two (2) positiolls of Calculators left vacant by the incumbents. The total number of employees at the close of the I)eriod under review, however. increased from 923 in 1935 to ] ,4111. T his was due to the transf<!'· of 513 employees from the Depart. ment of A!;tTiculture and Commerce to th is Bureau, of whom seven (7) were !Ocparated after the transfer. The total number of empl~yees in the service of the Bureau of Cu"toms as of' December 31, 1935, the numbe r of appointments, tra nsfers and separa-
4lJ
Th' 1,414 employees stated a bove we r e d istributed to all ports of ent r y as follows:
.
PortS
Regular
, ,
Manila.. Ccbu ...
41 43
Iloilo...
.lola. Zarnboanga. Legaspi. Dana. AparT!.
14 6 10 2
TOlal.
,II
TempO. rary Total 604 19
1,190 80
20 21 10
6)
6
16 2
'0)
I 414
JO
, , l4
PORT OF CEBU 'rho year 1936 closed with an unprecedented increase in customs collections, setting a new record unsurpassed in the whole hi story of the port of Cebu. The total gross collections hom all sources during this period amounted to P5,949,933.32 compared \lith 1>4,070,4 49.43 in 193n. sht)win~ all incr ease of 1'1 ,879,483.89.
t ion dul"ing the year, and the standing personnel of the Bureau as of December 31, 1936, were as follows: Re!;ul.lr Temro- Tota! r;,n"
I-Employ« ~ on
December 31. IQ35.
~
.\ppointmenrs during the ~'ear 1936 : Origin .. l appainnnenrs
Reinsr;lrement$. Trarafers to rhis Bureau. P ersonnel of rhe Navigadon Division. Department of Agriculture and Commerce Bureau on June I , 1936, by Esecudve Order No. 34 .. To tal.
Separation during rhe year: Temporary surus changed [0 regular Resisoations.. Required 10 resign. Transferred to Odler Bureaus. Retired with ~ratuit)· .... Deat o~ . . Separation ( Na,·igation Division). Total . Employees on Dccc:m~r 11, 19)6· Filipinos .. Chinese Total.
.....2i
I' 6
21 6
164
H9
,I)
1119
354
'"
,
{ra nsferr~d
(0
~
3
(hi~
I,
I,
II I
II
I)
I)
2 I )
-22
~
710
70)
1,413
110
'04
1,414
"
THE COMMERCIAL & INDUSTRIAL MANUAL
414
The. following figures show the gross collections for the last two years: 1936
1935
t"2,125,294.}9 1"1,644,79).7 4 Pore worh funds ( \\'harfag:) ... 816,21).99 687,537.04 In[crnal re l'enue. 656,308.54 547,990.99 Highwa ys special fnnd .. 2,352,116.40 1,190,127.66
Customs . .
TOtal .
5,949,93).)2
4,070,449.43
As may be seen from the foregoing figures, considerable increases have been recorded in all sources of collections over those of 1935. The increment in customs collections was due to increased importations of Japanese goods and glutinous rice from Hongkong. Due to the steady demand of our products in foreign ~arkets, there was an increased exportation from ecbu during H136, resulting in the increased collection in p,t works funds, The heavy importations of mineral oils brought about the increa s(! in int(!rnal-revenue collections, The sudden rise in the collections of higfiways special funds was due to the heavy withdrawals f gasoline from bonded warehouses in ordel' to escape payment of additional taxes imposed by Commonwealth Act No. 122, approved on November 3, 1936, and which was to take effect on Janual'y 1, 1937, The value of the foreign trade of thi:; port during the year 1936 amounted to tJ 66,552,711 , of which P14 ,276,451 represented the imports and P52,276,260 the exports compared with P45,619,020 in [1935, of which PII ,452,374 represented the imports and P34,166,646 the exports, showing an increase of P20,933,G91. The figures also show that there was a fav orable balance of trade amounting to P37,999,809. The principal products imported into, and exported from, this port and their cOl"l'esponding values were the following:
"nick s
19}~
1935
Cmton goods., Gasoline and n~ph[has ..
PrJ'" 2,827,498 2.072.943
Pmu 2,349,877 1,827,813
IIIumin;trin~ oil or kerosene . Iron and Sleel. . Wheat flour ... Fish and fish produc(.S .. Crude or futl oil. Silk and rayon . Lubricating oils . Coal. Other imports ....
1,908,289 1.781,353 1,220,170 478,931 452,375 347,907 235,729 227,653 2,723,603
1,328,362 1,302,405 814,419 260,819 497,897 132,698 183,439 58,916 2,695,729
14, 276,451
11,452,}74
20,069,017 8,540 538 8,223,089 7,705,774 2,021,668 1.991,029 1,002,997 847.128 773,075 243,068 858,877
14,603,671 5,278,329 6,043,129 3,757,883 1.018,397 1,465.550 314,728 662,728 306,888 101,808 a61},533
52.276.260
aH.l66,646
Toul .
Exl''''''' Copra .. Abaca (Manila hemp). ,. Coconut oil. Centrifugal sugar... Maguey . . Lumber and timber.. Pineapple, canned .. Copra meal. . Tobacco leaf.. Kapok . Othen exports . . Total .
(. ) Exporudon of gold incl udeJ_
Two hundred ten thousand four hundred twentyone and one nundred eighty thousand (210,421.180) tons of foreign cal'go enlered directly the port of Cebu during the yeal' 1936 as against 169,362.294 tons in 1935, showing an increase of 41,058.886 tons. The volume of export cal-go, excluding lumber and timber, dUI'ing 1936 also showed an increase of 46,024.914 tons, the expol路t having b(!en 375,351.864 tons. compared with 329,326.950 tons during 1935. FOUl' (4) protests against the assessment and collection of impol't duties were filed and accordingly decided during 1936 compared with the same number of protests filed and decided in 1935_ During the year 1936, 519 vessC'ls of different nationalities with an aggregate net tonnage of 1,851,975.64 entered the pOl't of Cebu from foreign ports, compal'ed with .150 of such vessels with a total net tonnage of 1,636,323,78 in 1935, while 516 of such vessels with a total net tonnage of 1,854,196.54, wel'e cleared for foreign ports, as against 455 vessels
PHILIPPINES with a total net tonnage of 1,651 ,47'7.65, cleared during the year 1935.
One hundred thil't,y-three (133) vessels of different nationalities wcre a lso cleared Crom the port of Cebu for ports of the Philippine Islands not open for foreig n trade, under the authorization of the Insular Collector of Customs, for the purpose of loading export cargo a nd discharging imported goods compared with 98 of such vessels in 1935.
Coastwise vessels to the number of 7,411, with a total net tonnage of 1,237,129. of which 6,116 wcre sailing vessels with a tonnnge of 470,821 a nd 1,295 ~tcamc.I·!; and motor v{'sscls with 766,308 tons net, entered the port of Ccbu during the year 1936 compared with 6,718 of such vessels with a total net; tonnage of 1,134,025, of which 5,692, having a total net tonnage of 450,257, were sa il ing vessels, an(! 1,026 steamers and motel' vessels aggr egating· 683,768 net tons, entered du\ing the year 1935, Seven thousand foul' hundred seventy-five (7,475) vessels aggregating 1,247,521 net tons cleared du ring the year 1936, of which 6,171 were sa iling vessels with a total net tonnage of 470,748 and 1,304 were steamers and motor vessels aggregatin g 776,773 tons net, as against 6,779 vessels totalling 1,144,994 tons net cleared du r ing the year 1935, of which 5,762 were sail vessels with a total nct tonnage of 456,935 and 1,017 were steamers and motor vessels, totalling 688,059 tons net. During the yeai' 1936, 436 vessels were licensed to engage in the coastwise trade and 53 licenses for the buy and river traffic were issued, for which the sum of P16,594.26 was collected as license fees compared with 349 vessels licensed for t he coastwise trade and 54 licenses in the bay and river traffic issued during the year 1935, f or which P16 ,023.62 was collected; 71 vessels were newly documented in ] 936 compared with 56 in 1935. One (1) p r ovisional permit, pending appl·oval of marine documents, was issued during the year 1936 compared with 3 of such permits in 1935. S ixteen (16) motor boats and auxiliary schooners and 46 sa iling vessels and 4 cascos, r epresenting a gross tonnagc of 1,098.83 wcre admeasured during the yea I' 1936 compared with 5 motor boats and aUXiliary schooners and 77 sailing vessels and one casco having an aggregate gross tonnage of 622.90, admeasured in 1985, One hundred twenty-nine (129) vessels, representing 15,954.99 gross tons, were in. spected at t his port during 1936, in accordancE' with
- - --415
t he requirements of navigat:on and steamboat inspection service, of which 12 were steam vessels and 117 were motor vessels compared with 72 vessels, representing 12,747,03 gross tons, inspected in 1935, of which 8 were steam vessels and 64 were motor vessels. It is gratifying to note that no vessel was found lying idle or tied up during the year 1936, as against one in 1935 and 6 in 1934. Twenty-two (22) vessels with a total gross tonnage of 2,576.18, of which .j were steam vessels and 18 motor vessels, were condemned fo r their failure to come within the sta ndard prescribed by the Bureau of Customs compared with 21 vessels condemned for the sa me cause at the end of the year 1935, having a total gross ton·· nage of 2,481.09, of which 'I were steamer s and 17 motor vessels. During the year 1936, 86 vessels aggregating 503,332.48 gross tons were bel·thed at Pier 1\0. 1 of this port and discharged onto it a total of 3 1,1 34,334 kilos of gener al cargo compared with 79 vessels, totalling 453,335.47 tons gl'OSS, berthed at this pier during 1935, and discharged a tot:ll of 26,511,082 kilos of cargo in 1935. One hundred and forty (140) coastwise . vessels with a total gt'OSS tonnage of 250,579.90, berthed alongside the said Pier No.1 and discharged 4,128,681 kilos of tl'l1nsit cargo dUring the year 1936 compared with 94 coastwise vessels with a total of 128,986.09 gross tons, dischal'ging 3,296,514 kilos of car go dUI'ing th e year 1935. During the year, 65 foreign vessels with a total gross tonnage of 330,059.47 were berthed at P ier No.2, discharging import cargo of 24,591,057 kilos, as against 62 foreign vessels with a total gross tonnage of 315,756.05, in 1935, discharging import cargo weighing 28,958,386 kilos, Two hundred thirtyseven (237) coastwise vess<!l s with a total gross tonnage of 204,765.69 berthed alongside said Pier No. 2 and discharged 4,693,027 kilos of transit cargo during the year 1936 compared with 140 coastwise vessels with an aggregate gross tonnage of 97,981.35, discharging 3,135,716 kilos of t l'ansit cargo in 1935, During the year under review, 87 arrests for violation of laws were effected, of which 53 convictions were obtained, 14 cases d ismissed by the Courts, and 20 were pending a ction at the close of the year. For the convictions so obtained, a total imprisonmenb of 23 years, 1 month and 25 days and fines of P14 ,425 and P25 compromise and 1'38 indemnities were imposed.
416
THE COMMERCIAL & INDUSTRIAL MANUAL
Fines amounting to P5,551.25 f or violation of customs laws and regulations were also imposed during the year, ns against Pl,751.74 imposed for similal' violations in 1935. The following articles were seized during the year: Weight kilograms
Unil Dynamile, blastin g caps . . Dynamice:, f U$c ( feet ). Dynamit e: sticks .. Fi re arm s: Ammunitions, Cal . 25 .. . Ammunitions, Cal . 32 .. Ammunitions, Cal. l 8.. I\U10 lllJlic pistoL Fake rc"oh'cr ......... . Rc\'olvcn , homc:-mad~\.. Shot-g un, home-made .... Lottery tickets (Shanghai) ." Opium: Ashes ... Crud e .. Pills . . ..... ..... Prepared .. ....... Morph ine Parap hernalia : Lamp chimncy. Pi pe. Pipe cleanser. Syringes for injc:nio,!: morphillc." P I~ \ ing cards, Chi nese, bu nd les ( small). Pl ay ing cards, Chinese, packages (s m:tll ).. Tea. Ch i n e~e, small boxes .. Can con raini ng 2 p;tcbges of rca... P 3c kage~ of tca .. Pack ages of re,1 (s mal l).. T ins of tea . Miscel1allcous Bonle of 81)'c~ ri n nm Boule containing su pposed medicinal red powder, small ,. Iloxes of fac~-po\\".!er, small.. Boxes of whire powder, smal L. Jars con n ining supposed med icinal pills, small. Pad:.I!;!; of supposed mcdkinal roo ts.. Pacl.:a,~e of manun il1;1 Howers .. Rore, meters Sack. empty. Ti n co Haining whire po wder. Ti n COntaini.l.l; supposed s;ll t.
2,907 1,150 2,351 17 ( rounds)
4 (rounds)
17 (rounds; I
'\
.003 39.()'J()
.16 6 . 155 .IIOS'
Throughout the year, 66 cases of Chinese aliens who filed bonds for their temporary release at the port of Manila were sent to this port for invef..t igat ion and determination by the Board of Special Inquiry of their rights to admission, as against 129 of such cascs in 1935. Du ring the year Japanese passenger boats brought to this port d irect from Arnoy 280 Chinese immigrants. Of the immigration cascs hozard by the Board, 300 were admitted and 36 were pending at the close of the year. One hundred-five (105) Japanese, 1 British, 1 Norwegian, 2 Americans and 103 Filipinos enter ed this port from foreign ports during the year ]936. while 91 aliens, of which 89 were Japa nese, 1 Brit ish, and 1 Scotch entered direct from fOl'eign ports in 1935. Immigration dues amounting to P8,624 were collected during the year. Owing to lack of passenger accommodations on foreign vessels calling at thi s port, vel'Y few aliens departed for foreign countries from thi;: port dul'ing the year. PORT OF ILOILO total gross collections of this port during the year amounted to Pl ,960,818.16 compare:!. with Pl,31 4,465.68 in 1935, showing an increase of P646,352.48. The following figure s show the g r oss collections for the last two year s: ~he
1936
I
I
68 H
18
Customs. .. POrt
Works
Total. 32 .. 37
I
35 47
29 I
. ........... " (wharfa ~e) ... .
Internal revenue .. Highwa ys spcciai fu nd.
'I~
731 , 148.50 1,169,400.14 17,344.42 42,925路10
\'1 ,960,818.16
193j 59j,464.17 637,256.74
30, 183.20 51 ,561.57 rl ,314,465.6S
As may be seen from the foregoing f:gures , decreases were r egistercd in the coll ections of internal rev~llue and highways special fund. The llecreascs, however, were offsct by the substantial increases in customs collections specia ll y that of. wharfage tax. The increase on import duties wal' due mainly to the heavy importations of fertilizer. hessian cloth, gunny sacks and Japanese goods, and the increased production of sugar due to better prices offcred during the year than in 1935, accounted for the s ubstantial increase in exports of sugar, "esulting in the ri sc of wharfage tax collections. The total collections from this source amounted to PI ,169,400.14 in 1936 compared with P637,256.74 in ]935, or an increase of P532,143.40.
PHILIPPINES The value of fore ign trade amounted to 1'88,129,86 1, of which 1'8,009,500 represented the imports lnd PSO,120,351 the exports compared with 1'47,409 ,051 in 1935, of which 1)7,311,355 represented the imports and 1'40,097,696 the exports, showing incl'eases in import; and exports. Th :! favorable balance of tr.lde during the yeal' was due mainly to increased exports in sugar. The principal products and theil' corresponding values impor ted into, and exported from, this port during HI(! last two years arc shown on the following data: /mp~.tJ
1936
Articles
PUDS
Fertilizers..
.,.
1935 PrI~S
3.283.072 148,497 703.253
2,667,547 476,124 480,727
608,379 538,347 241,915 216.46C 2,453 18.3J7 1 ,351 1,294.446
481,726 7)0,353 735,524 183,628 94,155 78,404 1O!,585 1.280,582
Total.
8,009,500
7.3Il.355
Ccntrifug~l sugar..
76,620,789 840.168 828,720 80Z,401 406.6S9 621,58~
36,263,936 595,541 1,688,820 945,510 470,579 133,310
80,120,351
~0,097,696
Cotton go-:ds. Wheat lbuf. .. .............. lo. Fibers, Y~gctab!c5, :l.nd manub.ttures of., .. Iron and steel.. Meat and d liry pro.)uCts ..
Fish and fish pro1utts, .. Crude or fuel oil lamps, ;1nd puts, n:1I elcClrk:t1. Lubrinting oil.. Other imports.,
路 X
--------~Ec,~'.-,,~.---.;,;..;,;..;,;.--.;.;.;.;,;.= Copra ..
Refined sug:tr.. Lumber :tnd timber.
Molasses and syrups.. Other exrorts.
With the inCI'ease in thc exportation of sugar, the principal product of this district, the number of foreign vessels entel'ed and clcared from this port also increascd. Three hundred three (303) vessels in :~,e foreign trade aggl'cga ting 1,109,232.72 net tons entered, and 302 vessels aggl'egating 1,103,992.85 net tons cleared compared with 237 vessels aggregating 871,164.68 net tons and 238 vessels aggregating 871,351.62 net tons, respectively, in 1935, Of the total number of vessels which entered, 119 having a net tonnage of 450,237.43 came direct from foreign POI'ts compared with 74 vessels having
417
an aggregate net tonnage of 265,188.92 in 1935, The total cargo imported direct from foreign ports was 22,621.78 tons compared with 16,998.94 of the previous year, showing an increase of 5,622.84 tons, In exports, remal'kable increases on the principal products of this dist!'ict were registered, Thel'e were exported 573,975,650.615 kilos of sugar valued at P76,290,585.65 during the year compared with 307,365,66<1.04 kilos valued at P37,319,882.22 in 1935, showing an increase of 266,609,986,575 kilos valued at P38,970,703.43 . The cxport in copra was 8,566,656.25 kilos valued at P809, 182.47 comp:u'ed with 7,837,109.00 kilos valued at 1'621,720.00 in 1935, showing an increa se of 729,547.25 kilos valued at PI87,<l62.47. An increase of 807,356.47 bd, ft. was also registered in lumber exports, although the value decreased by "171,357.33, This was mainl)' due to lower prices of lumber in Hl36 than in 1935. The total exports in 1936 were 16,417,619.47 bd. ft. valued at P795,435.52 comparcd with 15,610,263 bel. ft. valued at P966,792.85 in 1935, In the coastwise trade, 6,549 vessels agg:'egating 1,087,805 net tons ente red compared with 6,387 vessels a~gl"egating 1,111,560 net tons in 1935, and 6,570 vessels aggl'egating 1,095,289 net tons cleared compared with 6,394 vessels aggregating 1,116,751 net tons in 1935, showing an increase of .:.61 vessels that entered and 176 vessels that cleared, while the net tonnage decrea sed by 23,755 and 21,462, respectively. One hundred fourteen (114) vessels, of which 82 were for the bay and river trade and 32 for the coastwise trade, were admeasured and documentcd compared with 55 vessei.!! in Hl35, of which 24 were for the bay and rivel' trade and 31 for coastwise trade, Two hundred twenty-foul' (224) vessels of all kinds aggregating 16,116.4.8 gl'OSS tons were in路 spected compared with 217 vessl'1s in 1935 h~ving颅 a total gross tonnage of 1G,940.29, The secret service force of this port made 8 arrests resulting in 5 convictions, 2 dism issa ls and 1 pending at the end of the year compared with 12 arrests in 1935, resulted in 7 convictions, 4 dismissals and 1 pending at the close of the period. The penalty imposed for such convictions was 4 months and 1 day imprisonment, 1)500 fine and 2 deportations. Only immigl路a(.ion cases refel'l"cd to this port by the Manila office were heard and determined b~' the Board of Special Inquiry.
THE COMMERCIAL & IN DUSTR IAL MANUA L
418
II/J~rtl
PORT OF ZAMBOANGA
The total gross collections from all sources f or the port of Zamboanga in 1936 a mounted to P118,195.91 compared with P1l2,412.60 in 1935, showing an increase of 1)5,783.31.
The following figures show the gross collections for the last two yeus:
1936 Customs .. POrt works fund ( wharfage) .. IntcTIlal rc\'cnll(: ..
Total . ..
19~5
" 79,757.73
'P 59,672.99
38,174.24 163.94
51 ,177.1,)
1'118,195.91
i'112.412.60
562.36
It may be noted fl'om the foregoing that, while an increase was l~gistere\ iii customs l'eceipts, moderate decrenses wcre recorded in whal'fage tax and internal revenue. The deer a[::ps however did not offset the increase and the total collections showed an increase of P5,783.3J. Th~ increase in imports was largely due to heavier importations of chemicals, drugs, dyes, medicines and manufactures of vegetable fibers during the year than in 1935. The decrease in wharfage tax was due mainly to fewer exports in copra and desiccated eoconut in 1936 than in 1935. There was no collection for the "Highways Special Fund" as there was no impor tation of lubr ica ting oil and gasoline during t h e year. The value of foreign trade of this port a mounted to 1)4,376,941 of which 1)252,936 l'epl'esented th e impolts and P4,124,003 the exports, as against fI4,4 08,774 in 1935, of whieh P250,912 represented the imports and P4,157,862 the exports, showing a decrease of P31,833. This decrease was due to the reduced exportation of coconut produets, th e district having been hit by unfavorable weather which proved disastrous to the coconut industry. The favorable balance of b'ade, however, amounted to P3,871,065. The principal products and thei r conesponding :mported into, and exported from , this port are shown on the following: V el lues
J\ r ticl~s
Chemicals, drugs, dyes, and medicines .. Couon goods. . Wheat Oour.... Fibers, vegetab!cs, and manufactures of.. Iron and steel. Crude or fuel oil. Meat and dairy products.. Other imports.. . Total.
1936
1935
PUIII
PUIII
64,141 37 ,8S5 33,864
62,08S 39,239 36.037
26,457 19,127 14,674 S,742 51,078
21.801 22.212 18,393 10522 40,623
252,938
250,912
EXPDrfl
Copra ..
Desiccated and shredded coconut. Cutch .. Lumber and timber Rubber.... Reptile skins. Other exports . Total. .
12,767
2,036.812 1,186,961 534.749 206,025 165,224 4,S15 2),576
4,124.00}
4,iS7,862
1,696,355 976,444 646,071 S84,619 207,)11
436
One hundred twenty (120) vessels engaged in foreign t l'ade aggregating 231,055 net tons enlered and 118 vessels aggregating 226,742 net tons cleared for fore ign Ilorts in 1936 compared with 105 of such vessels aggregating 248,317 net tons that ent e.red and 105 vessels aggr egating 248,876 net tOilS that cleared ill 1935. In the coastwi se trade, 1,874 vessels aggregating 545,454 net tons entered and 1,864 vessels aggregating 546,763 net tons cleared compared with 1,539 vessels aggregating 509,348 net tons that elltered and 1,530 ' vessels aggl'e~ating 516,679 net tons that cleared in 1935. E leven (11) vessels aggregating 77.83 net tons for the coastwise trude, and <I 'Jessels aggregating 20.20 net tons fol' the bay and river traffic, were registered. Sixty-three (63) vessds aggr~gating 1,043.62 net tons for the coastwise trade and 59 vessels aggr egating 853.70 net tons for the buy and river traffic renewed their licenses during the yea I'.
PHILTPP1NES
419 EXpnfl
PORT OF DA VAQ
The total gross collections from all sources fOl" the port of Davao in 1936 amounted to P671.420.92 compared with 1'531,050.24 in 1935, showing an increase of 1'140,370.68. The following figures show the gross collections
for the last two years: 19}6
1935
-..-.-.-..-.-.-.--.-..-.-.-..-.-:'~路4~6:7-.路169 .59
-c-,,-,-o~ -.-.-.
Port worb fund ( \\harfagc). Interu1 Revenue Highw1YS special fund. Tot;!.1
42,714.37
P}20,145.77 159,947.26 17,714.24 )3,242.97
1'67 1,420.92
P531 ,050.14
1}5.739.37 25.797.59
The {ol'egoing figures show that, except in the collection of wharfage, tax, increases wel'C registered in nil sources which were mainly due to increased importations of practically all principal imports,
par ticularly cotton goods,\ rice, and w~ea~ flour. The decrease in the quantity of the prmclpal ex-
ports accounted for the decline in collections on wharfage tax. The value of foreign trade ~f this port amounted to "18,577,962 of which Pl,d~2,160 represented the imports and P17,545,802 the 'fxports compared with ')12,806.599 in 1935, of which P728,603 represented the imports and 1)12,077,996 the exports, Mhowing an increase of P5,771,363 in the total trade. The favorable balance of trade amounted to "6,513,642. The following were the principal products and their corresponding values imported into, and exporv>rj from, the port of Davao during the last two years: Imp","TI
Articles WhelI flOllr. Iron and Steel. Cottnn Soods .. Rice . . ............... Fish and fish prodllcts . . VC lI:etablcs., . G;l~"line l.'1d n~!>hu5 路.路....... . . Other ve!,iclC"'< . cars, carri;ll!es and parts of. ,. . .... . ... Spirits, wine~ ;lad malt liqllors, di~lillcd .. ,., ,. . ... , .. Rub~r :tnd man llfa ctllres of. . Olher imports, Ttltal.
,,]6
1935
PUD~
PUQr
126.766 11.6.016 124.!'iO 86,181 85, 'i06 65, 5S5 55,997
60.477 124,43~
100,658 12 425 6q .79~
60.273 25,237
Abaca ( Manila he mp) .. Lli mber and timber. . .. ,. Copra.. Desiccated aDd shredded coconllt Other expo rts ..
155,+6,920 933,72') 7"".957 276 ,'132 43.768
Tota l.
16,486
29,279 71 ,872 278,990
17 .087 10816 n O.'117
I ,Ol2,160
728 60)
8}O,553 633, 426 39,'H4 9, 107 12 ,077,996
One hundred forty-three (143) vessels engaged in fOI'eign trad.e aggregating ,199,270 net tons entered and 144 vessels aggregating 501,957 net tons cleared in 1936 compared with 149 of such vessels aggregating 530,985 net tons tha t entered and 149 vessels aggregating 532,404 net tons that cleared in ]935. In the coastwise trade, 249 vessels aggregating 149,687 net tons entered and 247 vessels aggregating 148,152 net tons cleared in 1936 compared with 184 vessel s aggregating 133,488 net tons tha t entered and 184 vessel s agg rega ti ng 133,553 ne t tons that cl eared in 1935. Nine (9) vessels aggregating 276.12 net tons were newly documented fo r the bay and river traffic w hile 5 of t he old ones a ggr egating 67.58 net tons wen, dropped from the register . Eigh ty-t hree (83) licenses, 9 of which were coastwise and the rest bay and river , were iss ued . Two thousand, t.wo hundred ninety-six (2.296) pel'sons al"J"ived direct from foreig n po!"ts, of whom 2 were Americans, 13 Filipinos, 1,908 Japanese, 370 Chinese, 1 British East Indian, 1 German a nd 1 Swi ss. The Board of Special Inquiry sitting at this port heard and decided 204 Chinese immi1!Tation cases 10 of whom were refused landing. Eleven (11) Chinese including some of tho<:e reieetcd by the Board, were deported during the year. Six Cllses of Briti sh East I ndians were also heard and dilly landed. PORT OF LEGASPI The total gross colleetions from a]J sources of the port of Le~a spi amounted to PI56.8' 6.4 8 as against PI64,763.34 in 1935, showing a decrease of P7,946.86. The following figures show the gross collections fOJ" the last two year: 1936
}O,648
1 0,~5, 3 36
Custom$ . , Port wor],;s fllnd ( wharfage). Internal re~'eJl lle Highways special fllnd .. Toul.
1935
I' 41 ,020. }O 11 0.1 50.68 3,f45 .50
I' 35.0fl5.45 122, 481.61 7, IR32 63.96
Pl Y; 816.48
"'1 64,763.34
THE COMMERCIAL & INDUSTR IAL MANUAL
420
As may be noted fl'om the foregoing figUl'Cli, decreases WCl'i."! rcgi!;tcrcd in nearly all sources of collections. An examination of the records of collections dUl'i ng the la st foul' years will show that the colcctions in Hl36 was the lowest. Thi s was due to the steadily decl'cnsi ng impol'tg of articles su bject to internal-revenue tax and the decrease in t he exports of copra and abaca due to the destl'ucti ve typhoons in 1934, 1935 and 1936, which proved ruinous to the industries of the district. \Vhile decreases WCl'e registered in wharfage tax, internal reve.nuc and hig hways special fund, increase was however l'ccol'dcd in ot.her sotH'ces of customs income, such as tonnage dues, customs st..1.mps. etc. But the increuse was not big enough to offset the tot.al decrease. The value of the foreign trade of this port amounted to P15,009,q66, of which 1>98,939 represented the imports and P14,910,827 the exports compared wit.h 1)0,211,023 in 1935, of which 1'129,219 represcnted t.he imports lind 1'0,081,804 the exports. In imports there was a decrease of P31,280 while in the exports there was a substantial increase of P5,829,023. 'l'he1'e was also a favorable balance of trade in the amount of P14,8 1,888, The following were the pl'jncipal product.s and their corresponding values imported into, and exported from, t.he port of Lega spi dUring' the last t.wo years: Iml'DrIJ
Anicles
1936
19)5
P<lQi
PUD!
Co" Whe.r flour .. Iron and <1::1..... Crude or fuel oil. Other im?::lrls
40,992 )8,143 14,028 5,776
65.541 46,550 10,806 ),516 2,'786
Total.
98,939
129,219
4,907,278 3,467,)63 2,8')9,630 1 807,530 1,177,789 175,750 11,205
),506,556 2,891,907 1,143,489 243,934 1,0'J8,459 269,691 8,<00 4,)68
14 .910,872
9,081.804
Exp,rll
Abaca ( Manila hemp), . Copra ....... , ........ , Iron ore, Gold ore .. , ...... ,,' Lumber and timber. C"'mon ..... . . . Chromium Ort .. Othet" exports . Toul.
504,282
NOTs:-Gold in ore or bullion was not included as regu lar export prior to 1936, same being treated as a separate item.
One hunch'ed nine (l09) vessels engaged in foreign trade agregating 376,434 net tons entered this port in 1936, of which 70 vessels aggregating 240,580 net tons came direct from foreign ports and 39 vessels aggregating 135,354 net tons came from othel' porls of entry compal'ed with 91 vessels aggregating 308,248 net tons in 1935, of which 43 vessels aggregating 137,582 net tons came direct from foreign ports and 48 vessels ag~regating 170,666 net tons came from other ports of entry, One hundred ten (110) vessels aggregating 379,663 net tons cleared at t his port in 1936, of which 5 vessels aggregati ng 22,939 net tons cleare:l direct f OI' foreign ports and 105 vessels aggregating 356,724 net tons cleared thru other Philippine ports compared with 00 vessels aggregating 304,503 net tons that cleared in 1935, of which 7 vessels aggregating 29,341 net tons cleared direct for foreign ports and 83 vessels aggrcgat.ing 275,167 net tons cleared thl'U other Philippine ports. There werc also 95 vcssels with an aggl'C:gate net tonnage of 336,597 that entm'ed the subports within the j Ul'isdiction of this collection district comparcd with 94 vessels with an aggregate net tonnage of 332,4-13 that entered such subparts in 1935. In the coastwise trade, 269 vessels with an aggl'cgate net tonnage of 124, l 88 entel'ed and cleal'ed at this por t compul'ed with 248 of such vessel s with an aggregat ! net tonnage of 101,261 in 1935. Twenty-one (21) vessels aggl'egating 164,37 net tons were registered, of which 4 vessels aggregating 42.22 net tons were for the coastwise trade and 17 vessels aggregating 122.15 net tons were for the bay and r iver t l'nffic, Licem;es were issued t) 132 vessels uggrcgating 1,20,1.10 net tons, of which 40 with u tot.u l net tunnage of 469.26 were fo l' the coast.wise t l'ade and 92 with :l total net tonnage of 734.84 were for the bay and r ivet' business. S ix (6) vessels in the coastwise hade having a total net. tonnage of 102.:i5 and 8 having a net tonnage of 62.24 in the bay and river business were d!opped from the register, PORT OF J OLO The total gross collections from all sou!'ees of the port of Jo10 in 1936 amounted to 1'108,668,57 compared with P88,732,07 in 1935, showing a n increase of PlI9,93G.50.
PHILIPPI NES The following fig'ures show the gross collections ui this port for the last two yeal'S: 1936
CJstoms ..... Pon works f<lnd CwhlrfAge.
.....
lu,rn... 1 re,·:n .le
To!;>I.
1935
1'102.572.67 4.044.40 2,05l.S0
P 8 1.036.63 3.506.98 -4,188.46
1'108,668.57
l' 88,732.07
A notable increase wa!< registered in customs reccipts including the port works fund. On the other hand, t.he internal rcvenue I'cgistercd a sharp decline, the eoUection <luring the yeal' being 1'2,051._ 1i0 compared with 1'4,188A6, 01' !1 decrel\Se of 1'2,136.96. The reason (01' this is the increasing popularity among the moros of American cigarettes resulting in the decline o f the importat.ion of Chinese lobacco, the only SOllrce of internal l'evenue collcction in this port. There was no collection for the " Highways Special Fund" in this pOI·t during the ~'ear under review. The value of fo reign trade amounted to 1'524.117, of which 1'262,46<1 represented t he imports and P261,653 the eXI)OI·tg cOfupared with 1'441 ,371 in 1935, of which 1)234,605 rep escntecl t.he import!' and P206,766 the exports, sho\dng an increase of 1'82,746 in the total trade. THe f igures further show t.hat the balance of trade was unfavorable to the port. The following wer e the princ,'pal pI'oducts H1ui their corre s pondin~ villues imported into, and pxported i l'om, the port. of Jolo durin'g t he lPost two yeurs: Articles CottOIl ~,>:ds ... .. .. .. .. . . Silk ... n.d r~)'on and m~~uf~ ~_
(<lI'l:'i of. ....•....•.......•
Woo:l. bunbo-:l. U.Uln ... nd reds .. Cheminls. drugs, dyes and medidn~s.. . _............ . Plper .n:! m In<lr Ittures of. . Other im JXtS ..
T'lui. CoprJ.. .. .......... .. Fish ;>Ild (jih proJutfs .... . Shdls ................. . K1OOJ.: . _... .. Cordage. . .. Hides ;>nd skins Other ell:parfS Totll .
19J6
19}5
Pi"" 140,674
PUtH
J46,346
58,80J 12,721
31 ,651 10.544
9,216 Jt.';'5 1
11.371 4.036 30,657
262.461
nt·6OS
6.~8';l
212.905 4.085 2,lIS
136.729 43.371 8,173 2,822
6.994
481 n.859
261.6~3
206,766
}I.B,)
,'80.
loIn
421
Twenty-six (26) vessels aggregating 12,958 net tons entered this pOI·t frOlll foreign ports in 1936 (',)lllpared w ith 26 vessels aggregating 13,663 net tons in 1935: J8 of such v('!;!lcb :Iggl'<:gating 9,512 net tons also entel'ed from other ports of enhy again~t 18 vessels IIggregating 6,1:J5 net tons in ]935. During the same periou 28 vessels aggregatin~ 20,950 net tons clc!l.l'cd for foreign ports c)mpared with 25 vessels :lggrcgating 17,830 ' net tOllS in 1935; nnd 16 vessels aggregating 1,520 net tons cleared fol' other 1)01·t.o; of entry compared with 18 vessels aggrcgntin[!: 1,915 net tons in 1935. FOUl' hund red twenty-seven (427) vcssels in t he cousb\ise trade UA'g'I'cgating 73.938 net t.ons cntered and the same n umbel' of vessels aggl'egating the scune llelt tonnage cleared in 1936 compared with 428 vessels aggl'egating 75,1 10 net tons t hat entel'ed and <1 30 vessels aKgregrating '75,187 net ton,. that cleared in 1935. Eig hty-seven (87) saili ng vessels aggregating 2fl9.22 nct tons wcre newly documcnted compared with 89 vessels aggreg-ating 356.82 net tons in 1935. Licenses wcre issued to 152 vessels aggregating 591.04 n t tons for the coastwise t.rade and 4 vessels aggregating 13.69 net tons for the bay and r iver tra~ i c compared with 222 vessels aggregating 958.70 net tons for the coastwise trade and 5 vessels aggregatin!!' 18.49 net tons for the bay and rivcr traffic in 1935. For violation of various laws undcr the adminisb'ution of the customs service, 28 alTests we re made. 3 of which we r e for violation of the immigl'ation hws and the rest for violation of \'al'ious provisiom of t he customs laws. These al'l'ests resulted in 23 convictions, the penalt.y being depol·tntion for the i!1l1nigration cllses lind 1'2,791 total fine [01' the e'lstoms cases. 'fhe following lll'ticies wcr e seized in t.his port during thc p ~ riod UI\'{IC1' revi(·w: Ankles
Units
Bida!. .
I No ..
Explosh·e. Dcton ... wr .. D\'n;>milc. Fuses, 30M" long... KumpiI , compk!e.. Rice. Rict. Shell. undersized.
I
Pc ..
10 Pes .. 10 Pes .. I P<. 3 Nos ... 10 b~ ,~s . 7} g~nl3 S
97
v~h-cs . .
Weight
THE COMlVlERClAL & INDUSTRIAL MANUAL
422
TABLE N o. I. VallilS
4 Imporu and r~'por", II/Jd t~/(JI I'~/",,,,
~f 1r.~J(. ,howitl$. hal",t(( (il/masl IIr .i'rT'''JI) 4 ITadt fliT tar/, J'tar sjllte J81J1J 10
19J6
[ belll,diny gold and sih·er ore, bill lion and coin]
----:-c--
Years ended December 31
Increase (+) ('Or Decrease (-) as compared w ith each preceding year
Balance of trade ImpOrcs
E:>:ports
Total trade
Pesos I'esol PUIII )8.385,912 29,69),164 68,079,136 1899" 1900 .. 45 ,980,746 95,708,}04 49,727,558 60,)24,942 49,(K)6,706 109,))1 ,648 1901. . 1902.. . 66,684,))2 57,)4),808 124,028,1 40 67,622,768 64,79),492 132,416,260 190) .. 59,155,462 58,299,00:> 117,454,4f2 1904.60,101,100 66,909,548 127,010,648 1905.· 1906 .. 52,807.536 65,285,784 118 ,093, 320 60,907.620 66,195,734 127,10) ,}54 1907. 58,372,240 65.202,144 12},574,384 1908. 62,168,8)8 69,848,674 1}1,017.512 1909 99,4}8,722 8&,256,926 180,695,648 1910 1911 96.048,814 8 ,674 254 185,723,068 12).3~5,802 109,&16.600 2}3,182,402 1912 190 . 106,625,572 95.54-~12 202.171,484 97.177,lO6 97,37 68 194.556,574 1914 . 98,624,}67 107,626,008 206,250,375 1 91~, . 1916 .. 90.992,675 ]39.874.365 2)O,867,CMO 111 594,061 191.208 ,6 1} )22,802,674 1917 . 197, 198,42.3 270,.388,964 467,587, 387 1918 19 19 .. 117.278,ICM 226,2)5,6S2 ~6).51 },756 1910 .. 298.876,565 302,247 ,711 ~I,124,276 1921. 2JI,67:', 148 176,2)0 6~5 7,907,79) 1922. , 160.395,289 191 ,166,596 }51.561.885 174,999,494 241,505,980 41 6,505.474 1923 . 1924 116.021,790 270.689,)25 486,711,115 1925. 2}9,465,667 297,754.410 537.210,077 1926 .. 2)8·597,984 27),768.6}9 'i12,}66,62) 1927, . 2l1.702,9Q) 3ll ,H8,170 542,85 1,10 1928 .. 269.313,796 310.109.()Ql 5'9.41.2,888 1929 .. 29~, 320,549 3}8.89).685 62) ,214 ,234 1930 .. 246, I 85,907 266,334,255 5 12 ,5'0,162 19)1. I Q8,357,4)7 207,944148 '1 06, 301 , ~85 19)2.. /58,790,170 190,676,161 H9,~66,)31 1933.. 134 ,722.926 211.542,105 346.265,Q3 1 1934 . /67,21'1,221 nO.S07 ,271 388021,492 1935 .. 17l.0H,699 188 .4QI,!€0 359.51 Q ,059 202,252,349 295, 350,) 15 497,602,f64 1936"
In favor of Isbn:h
A,!;ainst lsi Inh
Per cent
Im p::.r n
Puo, Pes" 8,692,808 3.746,812 + 11 ,)41,586 29 . 5 1l ,)18,B6 + 10,597,)84 21.) . 6,359,)90 10 . 5 9,340,524 . 9)8,4)6 2,829,276 .. 856,~62 8,467,306 12.5 6,808,~48 .. 945,638 1.6 12,478,248 7,293,564 12 . 1 8,100,084 15· 3 5,288,114 . - 2,S35')SQ 42 6,829,904 . 7,679836 3,796,598 . 18,181,796 + }7,269,884 59 9 6,374,560 3,389,908 13,489,202 + 27,286,988 28 . 4 }1 ,079.66O - 16.710,230 n .5 - 9,448,266 89 2OJ,962 .. 9,OCll,641 1,447 ,061 48,881,690 7,6}1.692 7 . 7 + 40,601,386 44 . 6 59,614.552 + 65,604,}62 49 .8 73,190,541 11,042 ,452 + 40,079,681 20.3 ),}71,146 + 61,598,461 '39 55,446,503 - 67,199 417 22 .5 )0,771.307 . - 71,281.859 3~ 8 66,506,486 14,604,205 '. 1 + 41,022,296 23.4 54,667.5)5 ..... 58,288,74J + 2),44),877 10. 8 4 867.683 35,170.655 - 6,895,041 2 ,9 79,445,22.7 40.795.296 . 37,610.853 16 . 2 + 25,(K)6,753 93 34,573.136 \ 20,148,)48 . - ~8,134,642 16A - 47,828,470 19 . 4 9,5S6,7Il - }9,567,267 19 . 9 31,885,991 . 76.819.179 . 24,067.144 15 . 1 53,593 ,050 . + 32,491,295 24 . 1 17 ,H3.f61 3.83),478 '29 9} ,0975'66 . + }1,2CM,6~ 18 . 2
EXl"orts
PUIII
Pes"
.
Per ceO[ Toul trad e
Prlos
54 8 + 27,629.168 + 16,287,582 ),02<;,960 66 + 1),62),)44 + 8,3)7 ,102 17 ,0 + 14,696,492 + I., + 7,449,684 12 .9 + 8,)88,120 - 6.494,492 10,0 - 14,961,798 14 . 7 + 9,556, 186 + 8,610,548 1,623,764 2 . 4 S,917,}28 909.9~ + 993,590 I., + 9,010,0)4 I., + 3,528,970 4,6~ ,5}O 7.1 + 8,443 128 + + 1l ,4OS ,252 16 . ) + 48,678, 136 ) ,027,420 + 8,417,328 10 , 3 + + 47 ,459, )34 + 20,172 ,346
+ + + + +
..,
,.,
-
- 14,}03,688
'23
130
I., 1,833 .356 I., ++ 10,246.740 10.5 + )2,248,357 29 .9 + 51,334,248 36 . 7
+
-
+
+
+
+ 79,180,351 - 44,1~3,312 + 76,012,059 - 126,017,066 + 14,935.95 1 + 5O,}39,384 + 29,183,345 + 27,065 .085 - 2.3.985,771 + 37,179 ,53 1 - 1.039,078 + 18,784,59} - 62.s59,~)0 - 58,390,107 - 17 ,267 ,987 + 20,865,944 9.265 ,166 - 32,315,911 +106,858,955
+
41 ,
16. 3 33 .6
.17
84 26 3 12 . 1 100 So 136
- 31,010,918 - 7,614,910 + 11 ,693801 + 24,616,66~ + 91,935.6)4 +144,784,71) 4.073,631 +137,610,520 - 193,216.483 - 56,}45.9Q8 + 64.943,589 70.20'i,641 50.508,962 - 24,853.454 + 30 48~ , 4\l0 + 36,S71,7n H,791.346 - 110,694.072 -106.218.517 - 56.835,254 - 3,201,300 + 41 ,756,461 - 28.482.433 + 75654,305
-
+ +
,+ 8, ,,
60 19 .0
1I ,
10 . 9
146 \6 7
---- --- ---Annual a"craee dur ing periods st;lced .
18!5· Q 4a ] Q(l() 09b 1910·14r l QI 5 l l1d 1919·1lt
)IY8,652
41,100.7"0
5" 787,1)9
6O,8S6.s1l~ 9~.740.502
72.829.442 9372,138 + 28,058,587 110,673,803 1,099.)25 . 10J. n5,Z43 199,265,835 9,78~,651 + 44,7'8,004 PO,1'02,)SI 177 . n4,~fl8 306.876.869 47,672,107 . 15,077. 138 2S5.94J,939 234,S04.6i9 >lS'O ,848,fOS 11 ,039,270 126.)41 ,558
+ +
+
+
:17 844.361 88 . 4 19.785.774 48 I 74 . S + 33,854 ,028 '37 + 78.502,032 24 .0 + 82.533,8 0 6 87.1 + 10',611 ,034 97.5 + 57,6!0,181 32.5 + 183,971,739
aLut ten·ycar period recorded dllrin!; Spanish re,l;ime. bPrior (0 the establ ishm,m of free trade b:tween Ih e. Uniled Sc;m~ and th e Philippines. rSince the establishment of frcc trade between chc Uniced Stales and the Philippincs. JDunn,l; the World War. rPosc- War pe riod
- -
--
---
-
PHILIPPI NES
423
Ti\BLE No. 2. - TR,IOII WITII TilE UNITeo STATes COM'ARIIO WIT" ALL OTIIMII COUNTIIII!.$ Trade with the Unired State~ Y:us ended Dea:mb:r }I
Imp)fls
Per unt of roral Imports
Peril
18~9 . .
19:1:> 19JI 1902 .. 19J3 . 19J~ .. 1905,路
1906 . 1q()7, 19J5 .. 1909 .. 1910. 19i1 .. 1912 .. 1913 1914 1915 ' 1916 1917. 1918 1919 1920 19Z1 1922 19B 1914 1925 1926 1927 19l5, 19!9 . 19}O, . 1911 1932... 1913 . 193 4 1915 1935
2,706,172 4,}()6,396 7,068,510 8,)06,}48 7.674,200 1O, 1 97.6~0
11,I7Q,892 8,95~,772
Exports
Pts~1
PU61
I 9 12 12 II 17 19 17
7,870,510 5,921,702 9,092,584 22,951,896 26,142.852 2}.309,936 29,680.814 23,7}8.';78 10,658,7H 20,901,510 29.453.026 }1,4S3,45O 39,845,254 45,764.014 32.868,0]6 48,8;5.420 47.}06,422 71,296,265 126,468,717 178,293,8}7 1ol},305,]84 210,432,525 100,71},586 128.223,2Jl 170,094,046
26 I}
18 40
" 40
44
)6
10,135,076 10,20},672 12,890.662 .j~37,084 311. 13.974 48,61@.020 n.35M22 4S,0H,002 52,16U 3 45,725,}4 7').241,295 117.649.222 1SO,982.A29 IM,579,556 141$,260.030 95.476,651 100.705.070 \10.797 .206 138,595 166 14]. 151,2M 142.955,594 167,716. /]5
17
18~, 1 85,9 1 7
6)
156, l66.05] I 24,279.}66 102,595,499 87.080,81] 108.75 1,356 108,7}3 .0.J0 122.994.525
"
210,6S~,121
76 79
I 66,8H,793 165.'295,7})
'0 87
" "
182.616,O~}
86
18),687,187 149,871,073 2l7/!)04,863
80 80
17 21 .0 40
J9 50 49
53 50
57 60 64
'"
6\ 60
57 56
19~.627,A05
"
218.089,883 2oo,006,4}O B2,076,SOO 2]1,171,751 248.9"\0,946
60
62 62
6)
OS OS
61
Tr~de
P:r cent Per cem of total Tot~J trade of IOtal exports trllde
JI
J2
..
42 42
.1
"
SO
44 51 66 66 SO 70
57
67
70 72 7l 7l
7S 7S
8J
16
10,';76,682 10,228,098 16,161,094 31,258,244 33,817,052 33,507,576 40.860.706 32,694,350 }O,79},8SO }1,J05,182 42,H},688 74,6205]4 78,159,228 9 -1 ,381,034 86,220, ~S8 95.S78.217 10"J,OSS,560 J17,OH.6Jl 201,710,012 295,9B 059
II
lrnpons
Ptl6J
Prl#1
21,S22,654 40,059,044 }9,914,122 }4,391,912 38,650,640 34.989,064 37,228,?}4 41,517,206 45.536.960 44,30),634 4O,}95,648 46,773,476 49,S29 ,()('x) 64 ,082,5116 62,677 ,S76 48,:m ,818 6O,}19 ,586 68,51S ,I00
57,502,454 S5,480,206 9},170,554 92,769,896 98,599,208 83,946,886 1'16,149,942 S5,398,976 96,}09,SOO 92,469,204 89,673,S22
53,256,4}l 58,377,984 59,94S.5611 48,957,S22 48,921 ,208 43,851,764
J2 27 24
SO,772.S~4
"J2
,1 62
4S,168,568 49,278,176 59,}O1.638 57,734,S40 74.717,782 5Un05O 49.154.W4 45.862.229 45,267,329 56.'52,766
.1 42 .0 42 SO
. 6)
79.~~9.201
26~.2S8,21]
57
8~.295 ,275
}95.Ol2,081 248,973.616 2:3.699.852. 2iO,799.llll 315,425.011
66 61
11~ , 297,009
6)
356,685 .0~9
8},417,lIS 6-1,918 ,6}8
OS
7~,294 ,424
6S 66
95,1N.584 100,870,501 95,446,748 88,746,149 101,597.66\ IOQ.13U32 89,819,850 74,078,071 56,194,671 47,642.671 58,462865 62,314.699 79,257,824
67
14),157656 375,o-H.094 398,887,fl86 4]4,1I6,S5) 367,Osa.179 291 .124,159 267.891,2]2 269,706.866 2Q2,4]8,s43 25R,604,073 350.499, 388
69 69 70
72 72 77 7S 7S 72 72
Total trade
PeJ6J
IS
28
Export<
}5,679,800 45,421,162
"
25
with llll OTher counlries
6~ ,739.S96
9:!,095,127 112,930,26S 91,815.186 75,517,OS9 61,9H,}95 71 ,411 ,9 >4 76.061,520 79,664527 73,761,209 79,071,670 78,9}7,}41 79,962,739 55,650,1}} 41,099, 355 25,]80,42S 28,916,052 37.120,084 38,620,287 57,845,452
106,075,11~
107,')6].S44 1}8.800,36fi 115,950.928 91,678.356 106,181 ,S12 113,S45,425 111 ,092,669 171,644,]22 199.225.54S 206.112,19] I')S,9 H ,175 l27 ,S62,037 145,706,,5] 171,21'>6,108 I SQ,5}5,024 169,20S,958 167 .818,017 ISQ,5)5,OO9 189,097 .}72 145.469,981 115.177,423 81 ,')75,096 76.558.169 95,582,945 100.934,989 1}7,103,176
---~
TABL E No. }.- TII,Ioll. W!TII COUNTllll'.~ Orllll1l. TII,IN TUII UNlTIIO STATIII fOil, TIIIi L,I'iT T8~ YIl.A 1I.S AUST RIA Yelf< ended D芦ember 31
Import
Per cent
P061
1927 I,,, 1929 .
mo .. 1931 19H 1933 1934 1935 I,,,
152,OSS 220,898 116,77} 1}3,165 104,866 8 1,489 101,452 55,510 69,558 98,512
E~POrr P{J~J
Per cent
,os ' 0'
1,677
.OS .
07 . OJ .04 . 05
TOtlll trade
Percent
P~'DS
. 07 . OS . 04
200
15:! ,090 nO,80 8 116.773 133, 16S IJtj,5 4] 81,48<) IOU52 5~ , 710 69.5~8
98.512
.03 04 . 02 03 03 02 . OJ . 01 . 02 .02
THE COMMERCIAL & INDUSTRIAL MANUAL
424
AUSTRALIA 1927 ..
4,SQ9,19}
1. 95
1,803.549
1928 ..
4,867,561 4,288,649 2,799,680
1.80
1,25),280 1,1l1 ,009
1929 ... 1930 .. 1931 .. 1932 .. 1933 .. 19)4 ..
1935 . . 1936 , .
1.46 I I'
3,08],904 2,207,6]9
1]9
2,248,C65 2 ,Jl) ,660 2,939,766
1.67 1.26 172
4,717,144
2. 33
155
687 .211 223,)25 2{)9,499 188,293 S8UDI
745,792 854.}SO
BELGIUl\·, 2,184,233 2,916,0)3
1927 ..
1928 .. 1929 .. 1930 .. 1931. . 19)2 . . 19]3 . . 1934 . .
2.509 ,397 3,081 ,470 2.062,305 1.67),1)1 1,578,]89 1 ,94),224 1 )92 ,079 1,991,972
.. .... ;\, ..
... \.
1935 .. 1936 . .
.99 1.08 .86 l.25
103 1.05 1.17 1.16 . 81
.99
1,818,734 2,796,782 2,068,741 1,542.622
815,572 ]94,449 649,1)4 714 ,966
.,.
.,0
.J< . 26 .1 1
. 11 . J< . 26 .'0 . 29
.,. .90
.,. . 6J
.39 .21 . Jl
6,]12,742 6,110,841
1.16 1. 06
5,419,658
.90
],486.891 ),307,229 2,417,)38 2,5!6,)58 2,695761 ] ,685,558 5.571 ,694
.68 .81
.69 . 73 . 6' 1.0]
1.12
4 ,102,967
.76
S.712,815 4,576.138
.99
4,624 ,092 2,877.877 2,C67,S80
2,227,52)
.74 .'0 .71
.59 .64
.32
2,6S8,1~O
905,031 1,5CO,748
.48 .; 1
2,297.110 },492,720
.64
)28.883 4)8,381 591,180 507,719 317,548 228.572 456,)}1 553,905 534,107 1,286,785
. 11 .14
789,755
. 1' . 21
.6' 70
CANADA 1927. ,
1928 . .. 1929 . . 1930 .
.. ,''< '
'\
1931
........
1932 . . 1933 . .
........... ..........
19}4 ..
..... .... .
1935 .. 19]6 . .
460872 797,845 557,808 }<:O,f07
.20 .;0 . 1' .1'
440,C68 6,)1,922
. 22
657,954 1.269,921 1.781 ,454 2,402,77:1
. '1 .49 .74 1.04 1.19
1927 . .
CHIN A 12,918,753
5. 58
lQ 2S . •
]),]19,487
4 . 1\7
14 ,185,585 11 ,277,1S0
4.58
11.629.99] 10.770,180 6,942 ,592 5.879,2 14 560;,B7 5, 365,564
y85 6 .78 5 . 15 ) . 52 ) .28 2. 65
1919 ..
193'J .. 1931.. 1932 .. 1933 .. 19.34 .. 1935 .. 1936 ..
. .. .. . . . . .. ..
4. 82
5,2)5,846 7,008,296 6,)78,951 4,115 ,440 2,526,101 I,IlI,6S1 1,684.343 2, 175,159 1,792,IC6 1.974,8)8
.18 .1' . 1, . 12
.21 . 2, .28 .44
1.68 2. 13 1.91 1 ,. 1.n
.59 . 80
.99
."
.67
1,236,226 J ,H8.988 868, ) 26 757,616 880,494 1,114, 288 I ,SB,a26
.IS
.17 . 1'
"
32 .47
2,315,561 ),689,556
.64 74
18,154.599 20,127,783 20.564.S!6 ]5,492.6:;0 14 1,56 C92 11 .901 861 8.616,9}5 fI.OS4,)7) 7,W5,343 7,)40,402
JH 3. 47 J . JO J 02 3· 48 3. 41 22.08 " 206 1.48
TABLE No. 3. -TIlADP. WITI! COUNTRIES CTUBR THAN TnB UNITED hATilS rOR TlIB LAST TEN YIIA](S
Yea r~
ended D~em bc:r 31
DENMAR K Im porr
Per cent
1927 .. 1928 .. 1929 .... 1930 ... 1931.. 1932 . 1933 . . 1934 . 19)') .. 1936 ...
...... ......
112,465 166,894 145.570 120.065 101.852 99,719 50,038 5'1.628 48,878 69,)44
EXl'On
Per ccn r Total trade Per ce Dr
Paw
Pll~1
PCl~$
0, .C6 .0' . 0' . 0'
.06 .04 . OJ . OJ OJ
22l.540 255.040 617,390 284 . 8~
142,482 9I'i,091 157868 697 148 977.690 1,205,125
.07 .08
.19 . 11 . 07 .0, . 07
.32 . ,2 .41
3'>4,005 421 ,9;4 726.960 404,921 24'U14 195,810 207.906 752.776 1,02(:;,568 1,274.469
.06 . 07 .12 .08
.06 06 .06 .1' .29 .26
PH ILIPPINES
425
EAST INDIES, BRITISH 4.725,601 6,OOt,675
1927 1918 1929
7,187,O}O 6,770,066 },g18,617 ),719.685
19lO·
1931 19)2 .. 19)}
19H 1935
1936
2.04 2. 23 2.44
2,797,899
2.75 1.93 2. J4
1,459.936 789,742
3,005,872
2,2)
3,794,776 ).378,527 ),656,915
2.27 1.98 1.81
2,357.519
.90 .76
7,)23,500
1.39 1.44 1.55 1.61 1.13 1.19 1.01 l.IS 1.19
439,98) 481,347
. 2} .2}
8,J(i2,194 9,4O},}57 8,2}O,002 4,608.359 4,1'19,668 ),488,219
658,958
.)0
4,453,734
900,1)2
.48
4 ,278,659
1,200,975
. 41
4,8.')7,890
.1. .22
6,068,165
1.12
~,739,33S
.19
6,980,315
l.l6 1.17
.22
1.)0 1.50 1.04
2,Zlti,}}?
••7 .55 .40
..
EAST INDrES, DUTCH
...... . ....
1927
192' 1929 .
mo ....
5,576,312
l.41
491,843
6,~70,269
2.25
669,066
6,)42,541
1.15 2 . 46 2.86 2.ll 2.10
6)7,774 580,:nS )74,665 223,561
.20 . ll
1.75
398,2~2
.18
6,642,871 6 ,082,641 3,647,066 3.049,479 3.326,530
2 . 14 1.67
557,108 681.431
.)0
4,n2m
1.17
.23
4,060,174
.82
. 03 . 03 .03 .03 .02 .02
2,5)7,s14 4.904,181 11,627.895
1.97
6,062,533 5,707,976
1931. .
1932 . 19B. ·
....... .....
1934 19},) .. 19)6 .
),)44.095 2,8 25,918 2.928.278 3,665.263 ),378,74)
302,971
.18
.88 .86
EAST INDIES. FRENCH
. .. "
1927 .. 1928 .. 1929 ..
mo ..
.\.
y
19}1 .. 1932 ... 19H .. 1934 ... 1935 ...
..,
..
1936
2,441.}1l 4.802,695 1l.541,652 1,959.881 1,055,050 914.360 1,141,617 519,025 830,696 4,252,460
1.05 1. 78 3 .92
. ]1
96,203 101 ,486 86,243 69,890 53,946 29,718 1)6,847 6),)26
. 49
)).209
2 . 10
35,009
1.42
),171 ,271 5,406.855 4,509,416 3,001,592 ) , 132,479 1,974,22) 4,295,839 5,164,930 2,161,671 ),226,022
.80 .53 . 59
.85
.06 .03 . 01 OJ
.47
.85
2,029,nl 1,098,996
.40
96>1,078 1,278,46>1 582,351 863905 4,287,469
.28 . 37
.27 . 15
.24 .86
FRANCE 1927 1928 .. 1929 .. 1930 .. 19)1 19}2 1933 . . 1934 . . 1935 .... 1936 ..
3,287.79) ),129,576 3,267.9t:O 2,550,441 1,925,926 1,740.2li2 1,286.066 1,815.117
...................
1.7n.632 2,095,968
1.16 1.11 1.05
.97 1.10
.os
1.09 1.04 1.04
1.02 1. 74 1.)7 1.l}
LSI 1 .04 2.0} 2.)4 1.15
1.09
6,459,064 8,536.4)1
7,7n,)76 5,592.0)) 5,058,405 3,714,475 5,581,905 6,980.247
) ,939.304 5,321.!>9O
1.19 1.47 1.24
1.09 1.25 1.06 1.61 1.80 1.10 1.07
GERMANY Years ended December )1
Im port
Per cent
Ptf~l
1927
1918 1929 19:1O .. 19)1 15132.
19H. 19}4 .. 1935 ..
1936 ..
............
................
7.117,396 9,249,902 9,726,107 9,316,298 7,493,682 6,691,736 5,735.118 7,26').956 5,129.756 6,93),9))
Exporc
Per cent
3. )0 ).78 372 4 . 21 4.26 4 . )5 3.00 ).43
6,297,654 6,)07,)05 7,111,189
),n4.841 2,407,087 1.888,523 1,834.189 2,058,9)3
Total trade Per cent PU~l
PU,l
) .07 ) . 4)
2 . 02 2 .0) 2 . 16 1.42 1.16
.99 .88 .93
1.8~8,972
.98
),791,573
l. 28
1).415,050 15,557. 207 16,837,296 l}.()QJ,1)9 9,810,769 8 ,580,259 7,589,407 9,)24.889 6.978,728 10,725,506
2.47 2.68 2.70 2 . 55 2 , 41 2.46 2. 19
2. 40 1.94 2.16
THE COMMERCIAL & INDUSTRIAL MANUAL
426
GREAT BRITAIN AND IRELAND 1927 1928
10,771,592 11 ,794,302
1929
11,917,502 9,]17.580 6,049,199 5,669,202 4,))4,S68
1930 .. 1931 . 1932 1933.. . 1934 1935
4.66 4.37 4.05
}.78 3.0} 3. 57 3, 22 2. 59 2.09 2.60
4,327,201
3,570,351 5,258,556
"36
17,126,486
15,792,175 14,079,229
9,765,606 8,l}1,O29 2,750,885 ),716,21)
' . 50
'-",
4 . 29 ]67 -1 .01 1.44 I. 76
5,791,607 8,)4),849
2. 22 ] .07 2.83
4,901,020
27,8g8,078 27,s86,q77 25,996.7]1 19,08],186 14,382,228 8,420,087 8,050,781 9,228,221
9, lIil,958 13,602,~O5
S.1l 4 .76 4. 19 3.72 3.54 2.41 2.33 l . }8 2.61 2.73
GUA M 1927 1928 1929
22,949 181,710 163,]46
1930 1931 1932 1933
64,067 27,087
1934 . 1935 19)6
21,89} 96,537 73,321
.01
11,173
349466
.11
.07
536,914
.17
.06 .0] .01 .0 1
}73.678 357,399 )63,407 253.851
.11 .1] .18 . 1] .08 .12 .2] .11
1,4)} .
.01 .06 .04
169,127 259,882 459,621 )1l,)}1
372,415 718,634 .537,024 421,466
390,494 265,024 170.560 281,775 556,158 384,652
.07 .12 .08 .08 .10 .08 . 0' .07
. 15 .08
HAWAII 1927 192$ 1929 . 1930 19}1 1932 193] 19}4 1935 J9}6
1,41),617 819,145 1 , 147,46~
\
'j30,97~
441,7~ 376,62 489.288 'j£'6,25'2. 'j76,172 6}5,86)
.61 .30 .]9
. 22 . 22 .24 . ]2
.]] . ]4
. ]1
567,282 70M30 660,974 713,'j'j3 625,693 433,621 'j)1 ,91 J 4t»,113 S03,'j74 6I},364
.18 . 2] .21
2,7'j0.979 2,697,07) 2,)25.719 1,262,1'j8 782,83) 60),204 682,468 1.221,689 1,393,021 8'j),720
.88 .87
.27 . ]1 .2] .2, .21
.27 .21
1,980.899 1,5Z3.77'j 1,808,441 1,244,525 1,067,399 810,243 1,021,199 1,0-19,405 1,079,746 1,249,227
. 36 . 26
.29 . 24 . 26 . 2] .2'
27
. ]0 .2]
HONG KONG 1927 1928 1929 1930 J9)1 19}2 193). 19)4 1935 19)6
I
..
\
.
5'j9,096 696,4'j2 36'j.179 242,797 173.262 111,779 254,205 2'j4.158 )53,262 1,526,311
.24 . 26 .12
.10 . 08 .07
.j, ·15
.21
.76
.71 .47 .J] .]2 . ]2 .j]
.74 .2'
),)10,075 3,)93,'j25 2,690.8$'8 1,504,955
956,095 714,98) 9)6,67) 1,475.847 1,746.283 2.)80,0)1
. 61
.59 .41
.29 . 24 .20
.27 .]8
.49 .48
ITALY Yeus ended December )1
Import
Per cent
1927.
I'"
1929 1'30 1931 1932 1933 .. 1934. 19)'j . 1936 .
894,962 766,'j14 6W,104 534,89'j 381,421 234.636 227.'548 286,882 177.132 141,8'j4
Export
Per cent
.39 .]2
.2]
. 22 .1'
. 15 .17 .17 .10 .07
3.704,291 3,0'j7.364 4,229,1I0 4,602,048 1,168,805 'j)9,'j'j9 748,371 1,176,112 242,81'j 2,)57.303
Tonti Irade Per cent PtUI
Pttn
PaM
1.19
.99 1.29 I. 7)
.36
.28 . 35
. ]] . 1]
.80
4,599,253 3,823,878 4.879,214 5,136,943 1,5SO,216 774,195 975,919 1,462,994 419,947 2,499,1'j7
.S] .6]
.76 1.00 .38 .22 .28 .]8
. 12
50
427
PHILIPPINES JAPAN 21,185,451
L~27
25,861,753 2),879,095
1928 1929 1')0
25,912,971 21,95),482 12, )10,012 11,}6),lO4 20,691,548 14,}41,949 26,528.S}O
."
19)1
1932. J9}) .. 1')4
1935.
I'"
10,718,729
4 .% 4SO 4.34 3.28 345 2. 70 2. 80 3. 86 5.69
16,786,272
' .68
1O},006
.0) .02
9 .58 '.60 8 . 11 lO . n
15,447,704 1),944,735 14,259,084
11.05 7.75 8. 43 12. 37
7,176,621
14 . 23 IJ , ll
8,743,9 14
5, 144 ,595 5,921,782
8,52},601
37,6)}, 155
6.9}
39,806,488
6. 68 6 . 12 6 , 76
)8,138,179 )4,6:;6,885 29,130,10) 17.454,607 17,284,986 29,216,1:;1) )5,061,678 4),)14,802
7 . •, 4. 99 4 .99 7· 53 9 .75 8.70
JAPANESE CHIN A
I,ll!
1,802,9J6 1,)25,859 1,S41 ,4l} 1,471,88 4
.78 .49 .62 .60
26,786
.OJ
64,744
.02
19)1. .. 1932 . 193} 19}4 ,. 1935 ... 19J6· ..
1,345,482
.67 . 31
10,095 . 19,967
1927 ..
1929 1930 . .
485,20l 462,787 501,960 496,}5} }12,797
6),876
.01
}5,7}8 114,97} 14,718 21,076
.02
3,lI0,531 2,9}1,899 2,976,JO} 1,176,224 1,237,385 649,45 1
1.06
34
. )0
.29 . 1'
.0' .01
1,905,942
.3>
1,)89,715 1,868,199 1,536,628 1,)55,577 505,169 498,525 616,9}} 511,071 H},87}
.24 . 31
. 30
.33 . 14 . 14 .1' . \4 .07
NETHERLANDS 1927 . 1928 . 1929 ... 19lO .. 1931. . 1932 1933 19}4 19}5 1936 .
"
......... \...
T
1, 184,)15 1,068,424 1,160,670 946,983 1,102,186 756,499 1,349,756 927 171 1,625,583 4,516,406
.'1 .39 .39
.38 .55 A8
." . 90
A8 . 60 .)4
1.00
842,66~
.40
.55
1,804,22} 595,849 4 ,620,895
.82 .32
1. 54 2 . 23
1.56
4,494,846 4 ,CXJO.}2} 4,1}6,97} 2,22},207 2,}39,m 1,405,950 2, 192,420 2,731,394 },221,4}2 9,ln,JOl
.83 .69 .64
. 43
.58
AO
. 6) .70 .90 1.84
NORWAY 1927 1928 . . 1929
1')0 19}1 . 19)2 .. 1933. 1934 .. 1935.
............ .......
I'"
T A ULE No }.-Trtldt
282,658 }12,050 267,0}1 265,319 159,799 118,450 239,120 152,087 142,298 96,994
.12
.11
169,908 580,284
. 10
607,5}2
. 11 .13
416,995 192,474 114,772 134,829 200,064 250.463 492,068
. \4 . 18
.00 .08 .0'
wiJh t~Jmlriti Dllx. !fltllllht Uf/ired Sft1!tI fDr lIlt
/,Irt
.06 . 1' . 1' . 1'
.00 .06 .06
.00 . 13 . 17
252 S66 892,334 874,564 682,}24 452,27} }}3,222 m,949 }S2,151 392.761 589,062
.08
.l5 . 14 . 13
. II
. 10
.11 .00
. II . 12
1m fltl • .r-Cominued
StM..1
Yean ended December 31
Impon Per cen[
1927. 1928 .. 1929 ... 1930 .. 1931. 1932 .. 1933 . 1934. i9}S. 19J6.
27},526 180.298 252,634 166.665 68,988 4S,9}4 12,627 6,717. "\,}76 .. 1,667,916
Export
Per eel'/[ TO[;li Trade Per cent
PUD1
PUDt
.12
284,070
.06 .00 .07 .03
160,)19
.0) .01 .82
292,736 }O6,083 171,095 7},84S 13},588 199,636 210, 114 J08,931
P IJOJ
.09 .08
.09 .11 .08
.04
.06 .00 . 11 . 10
557,596 440.617 545,370 472 ,9~8
240,08} 119,179 146,215 206,H3 213.490 1,976,847
. 10
.08
.00 .00 .06 .03 .04
.0> .06 40
T HE COMMERCIAL & IN DUSTRI AL MANUAL
428
SPAIN 1,7')1.618 1,85,),106
1927 .. 1928 ..
...........
1929 .. 19JO .. '" 1931 .. 1932 .. 1933 . 19]~ .. 1915 1936 ..
1.828,064
..............
.71 .68 . 62
1,44],052 1,167.12] 954.641 712,67 1 561 588
.59
497,593
.29
501,194
.2J
"
00
.51 .)4
11 ,}8).48]
)66
13,135,101
10,183,918
3. 28 3.78 }.78
12,0]9.024 14,272,')82 II ,520,'!17
12,444,518
IO,On,365 8,7}9, 162 7.254764 4.419,367 1,907,]19 'S.449,00J 4, 191,551
9,906,285
2.42 2.08 2. 10 2.25 2.44
4 .2\ ).80
8,209,40,)
2.09
S,}}2038
.86 2,89 1.42
2 ,468,907 S,9~6,593
.6' 1.65
4,692,745
.94
.0)
2,')58.751
. 47
01
3.34-1,143 3,447.983 2,4]8,834 1,910,110 1,834,848 1,225,708 1,117,058 1,130,916 1,06},768
.58 .58
},069,891 },6}6,204 4,674,971 }.951,824 3.386,911 2,117,669 2,747,256 4,667, }54 4,220,288 5.157,711
.57
"5 1.48
SWITZERLAND 1921 .
2,4,)1,907
106
1928 .. 1929 ..
3,}1'),')50
'll
:} 361,611 2.422,l}S \ ,895,620 1,521,6)0 1,219,2 43 1,101,019 1,103,815 1,046,)08
1930 .. 1931. , 1932 .. 1933 .. 1934 .. 1935 .. 1936 ..
,.. .. ",..
.
..
1927 .. 1928 .. 1929 . 1930 . 19}1 . 1932 .. 1933 .. 1934 .. 19}5 ..
, ............
. + ..
1936
( A)
114 .98
"
US . 91 66
.os
.52
ALL OTHER COUNTRIES 1,565,695 68 2,074,653 .77 2,421,443 .82 1,028,924 82 1,877,479 .75 1,284,f8} .81 1,402 ,581 1.04 1 A02,820 .84 1,7 11,4}1 .99 1.988,448 .98
106,844 28,')93 86.362 16,699 14,690 . H,2IS '" 6,465 16,0}9 27,101 17,460
1.504.196 1,561.551 2,253,528 1,922,900 1,509,442 832,986 1,}44,674 3,264.534 2,~7,856
3,170,576
.OJ 01
OJ . OJ . OJ
"
50
68
72 7l
. 44 64 I. 48
I. }2 1.07
.48 .47 . 5)
.15
.29 .)1
. 21
.6)
"
. 77 .8)
.6 1
. 79 I. 20
117
'-'"
VALUES OF PRIt-:CIPAL IMPORTS MAY
Articles
Aluminum and manufa~tlIrcs of. .. Animals ' Animals other rhan large Cat tle ... . Brass and manu(acrures of...... " ... . BreadmdTs:
Rice .. WheJt flour. Olher breadstuffs. Cars: Automobiles .. ' ..... Parts of.. Other cars, carriages, etc and pUtS of. Cement .................................... . Chemicals. drugs. dyes and medicines .. . Clocks, watches, and pans of. . .. . .. Coal. ............................... . Cocoa or cacao, and manufactures of.. . Coffee, raw and prepared .. ........... . Confectionery ............. . Copper and manufacture of.. Colton in the piece ...
(, )
1937
19}6
PtJ~1
Pu~ s
28,461
17,li7
22,171 67,767
1,747 53,895
218,918 547.410 147,634
89,629 626.330 65,636
613,897 192,433 )22,041 7,175 468,574 62,)11 20,0)9 104,798 139,}80 52,530 35,887 1,491,054
614, 369 190,884 61,707 1,891 411 ,594 32,803 118,052 79,504 10},559
",008 57,876 1,464,8)0
(Continued )
429
PHILIPPINES (A) VALUES OF PRINCIPAL IMPORTS (Continued)
Cotton other : Sh()(:s. rubbc:r soles .. AU other . Diamo nd and othcr precious stOnes. unset ... Ean:hen srone. and chinaware . Eg~ and preparations of; In naturAl form .. yolk ........ .. .. ..... ..... ... . ... ..... .... . . Electrical machincry, appar;ltllS and appliances .. Explosives .. Ferrili1~r~ ......... ' . .. ............... . . Fibe~. vcgetable. and manufactures of .. Fish and fish products .... .. ... ..... . . Fruirs and nuts ... GlliSS and slliSsware .................. ' Gold, platinum and silver manufactureS liats, cans. parts of, and rruter ia ls for .. India rubber. and nunufacturcs of.. ..... . Aurom::.bilc rirc:s .. . Boots and shoes .. .... ,. All other ............. \ ........... . !lUtrumen t! and apparatlu. not dectrkal. Motion-pic ture films ...... \ ..... . .... " Iron and sted, and mlnufactures of: A~ricultural implements and ~rt~ of. Mlch inerr. machines and pans of. .. All other iron and steel manufa~tures of.. Lamps and parts of, not electrical. .. ~........... .. Lc:ld and ma 'lUfacrures of. . .. .. .. .. .. . ......... . (a) 2,990.747 Kilos. (6) l.l89, p4 Ki los. Leather and manufactures of; Shoes, le:lrher sol<::$ .. S:lndals ami slippers .. All othcr . Matches .. Meat and dairy products: Mut producrs.. . D.liry products . . .... . Musical Instruments, parts of, suppl ies and accessories .. .. O ils. mineral; Crude.. . ........ .. ... . Naphthas. :lOll all lighter produc ts of distillat ion. Illuminating... . ... Lubricating ....â&#x20AC;˘.... . ................... Other oils. anim al. mineral ;LlId vegetable. .. P.li nrs. pigments and v9fJlishes. Paper. and manufactures of . Bl.loks and other pri nted matter .. All other unprinted .. ........................ . Pcrfumcry, cosmetics, and all toilet Preparations .. Photogr:lphic equipment and supplies ......... . Platcdwlre. gold and silver. Silk and manufactures of; Natural. ..... .. Artificial Or rayon. Soaps . ... ............. . Spirits, wines, and malt Iiquo~ .. Sporting goods. Starch... ...... .. Sugar and molasses .. Tu ....
6,76l
S,lSl
1,089,616
865,605
PUDt
FullS
1,096,379
873,956
65,628
52,302
ISS,636
61.976
20,020
19,501
549,624
SOI,218
90,167
139.064 374.629
m
158,069 476,112 }17 .)52 141,}14
173,531 37.657 519,86)
275,1.75
3,722 137,166
1,747 li5,052
60,28)
660,751
391,074
U2,570
37S72
6O,JJI 71,276
25,457 1,2)4,352 1,848,164
995,669
8,948 765.594
10,9 11
}8,602 19,24]'
11,)17
3,141
72
69 167,472 13,240
22},}l8 25,765
...
175,844 105,405 22,912 44,050
98,]H
."\
151 ,044 242.916
182 ,688 297,848 }8, )0)
145,164 )89,654 )1,620
79,682
3~8,l37
3,665
4],294 16,0'8
27,440 130,048
196,839
41,)13
79.372 145S3)
262,171 576A9)
248,251 355,)44
136,82t 61,490 27;828
123, 194 71,281 25,680
191,0'0 274,352
105,239
94,592 117,2<14 )6,6]4 90,227 17. ~OO
14,179
]95,410
60,604 167,250
2),567 6),824 31,655 1l,17~
{Continued}
430
THE COMMERCIAL & INDUSTRIAL MANUAL (A ) VALUES Of PRINCIPAL IMPORTS (Continued ) P(J~J
T in, and m:tnuf:tClures of .. , . Tob:tcco and manufacoll'l:s of. Toys .. Vegetables .. \Va~ .................................. . Wood. bamboo, rattan, reeds & m:tnufacture of. Wool and manufactures of. All other . Total Imports .
Pu~s
19,067 38,2S8 26,646 256,891 68,886 70,485 Jl4,871 552,481
15,3B 1,373,99} 17,541 2}7,393 44,846 105,683 107,206 462.930
16,210,845
14,624,503
IMPORTS Of COTTON TEXTILES 1937
1936
COUNTRIES .. Sq. MrT$.
Valuo;
Sq. Mrrs.
Value
Ptl~t
United Sates. J:tpan .... Other countries ..
,
Tor:tl.
~.B)
Pts~
1,855,683 4,284,859 1,388,329
586,2/:0 617,130 287,~
2,579,408 3.557,991 1,396,800
738,700 431,850 294,280
7,528,871
1,491,054
7,534,199
1,464,8)0
QUALITY AND VALUES Of PRINCIPAL EXPORTS 1936
1937
\ Abaca ( Manila hemp) and other thereof: Abao;aGradeA-B ..
o--c. . E.. F... I.
S-2.
.1-1.. 5-3. G ...
) - 2. H .. K ...â&#x20AC;˘ L-l,.
L- L M - l,. M- 2
O- L. D-M .. Y- l.. Y- 2... Y- 3 ..
Y- 4... O-I. 0-2 ... 0-3... T- 1 T-2..
T- 3.
V~O;Uble fibers and manufactures
Qu:tntit), Ki/~J
3,163 184,311 186,C82 583,0'10 861.4<:6 769,753 886,261 288,421 1,150,266 1,1l8,262 )67,610 1,540, 138 451,985 1.167,8.50 719,153 297,528 273,02} 53,763 1,392 } 15,622 1,534,193 54,395 21,253 30,993 81,719 34,535 197,214 336,997
Value
Quantity
Val ue
PUDJ
KiJ4s
PU4S
2,2)6 lJO,748 102,095 264,939 337,839 270,456 311,855 91,0'10 334,3<:0 )08,4)0 101,314 379,190 106,201 264,983 154,721 59.515 52,236 9,219
285 29,843 290,060 7,559 4,932 6,702 14,326 6,779 )6,386 52,334
2Sl
28,084 89,689 435,413 412,770 763,093
502,OBO 470,074 1.'207,444 706.251 338,009 913,077 ]89,878 350,911 405,433 ]04,)63 66413 41,1I} 2.657 92,346 1.198,824 93,231 15,054 17,458 28,463 10,374 181,781 215,557
90 9,770 28,365 138,072 122,437 2B,526 141,489 107,498 267,682 136,814 64,164 133,976 25,782 38,299 >4,527 9,213 6,044 3,008
'"
14,821 212,722 6,977 2, 846 2,172 2,525 1.065 19,556 17,764
(Continued)
PHILIPPI NES
431
IV .
340,539
.... 0-2.
63,2jO 12,650 1,1)9 9,867
Ad - Y ..
AD-T.. Oiled ..
. ..........
Total abaca, ..
13,737,S:n
CantonGrade2. 4.
Kilos
. ............
223,400
23,419
126,500
)],610
1,262 3,789,065
37,950
Kilos 5.'),975 5.550
36),688
61,525
}2'),7}8
Toul C;l(ItOIl.
5},235 20,385 ),474 126
9,229,993
1916
!937
luddc$ Quantity
Value
QJalltity
MR-2 ..
MR-3 ... MR- Y " . MR-Q. " MR-T.
Kil os 170,)96 9W,l55 98,923
. ............ , .. S'
. ...........
1,265
Toul m:lguey ..
1,200,739
Kilos
I
Toul sisal. Buntal fibers .... " .' .... '" Other unmanufactured fibers .. Clmh COnbgc ....... Knoued "hac" ... uets . Olher manu("cturCl.! fihcn ..
". 1
路 . Ks.
... .
~.
143,443
1,139
81 24
11.017
202,400 14,548
"
168,193
lB"
380
1,265
180
1,S19
105
15,2S';
82,979 62,273
11,)37
76,132 13 ,898
97,)16
42
169
53
481,308
53
184,559 11 ,}5 4
890,220 3.986
)25,905 4,670
215,989
}6,157
lO
63 5
6,006
43 5,493
Br~dstufl"s '
Rice .. Other. .
.... Ks.
Cc:lII.efll
159,263
11,055
... Ks.
Chemicals, drugs, dves and medicines; CUlch Other... Cromium ore Embroidcrits : Culton .... Silk ................. Fish and Fish products .. Fruils and nuts; Copra..... Copra meal ..................... Dcsicutcd and shredded coconut .. Olher..
' ... Ks.
250,on
3::1,0:) 3
8,488
~60,OH
lO
55,205 3,237 10
90,824
798,424 10.036 48,8 47
2.224 .... Ks.
3,729,679
路 . Ks.
10,776
. .. K ~. . .. Ks.
13.557.835 9,680.798 4,088,606
. .... Ks.
------
TOlal fruils and nu ts.
9:>,440 H5,199 11.507
..........................
2,451.065 496, 281 1,335,246 5H,927
1).623,120 8,759,440 2,382,243
4,817,519
G i n~er-ale or non路alcoholic beverages
Gol , silvCl" and manuf"ctures of: Bullion .. are... Others.
1,6)5,]95
276,047 1, 118,260
1,265
550,149
. ... Sq.M. . ... Ks. . Ks.
21.138
)1,888 96,6}4 13,788 426 707
27,918 118,106
Sisal: SR-3.
SR-\'.
.. .. .. .. .. , ,
Value
PUll'
PUDJ
Magu~y:
1,8)8,685
. ................ . .. Oz ............ 路 . Ks.
1,321,376 221,509 777,499 46,633 2,367,017
II
8
650
162
97,666 44,989
2,093,478 39,618
70,277 227,693
1.508,588
OS
86,886 7S (Continued l
T HE COMMERCiA L "& INDUSTRIAL MANUAL
4)2 Gums and resins:
Copal.. Elemi .. ............. Rubber .. All other.
Toul gums and resins.
PWII
Kil~1
32,130
48.877 8,217
)1,552
)1,891
229.623 18,835 28.867 600
246,021
89,}85
177,926
Numbtrl
Hats : Abaca ..
BambOO ..
120 19,510 1,200
Bunta!' .
Buri .. " Straw ..... All other.
Hides and skins ..
.............
. .. . y
Coconut .. CocorHII e:dible:, tlangilang .. ........ ... .... Lunlbang, .. Othe:rs.
101 2},895
9>0 17
. . .. .. . Ks. . ..... Ks. . ...... Ks .
TOtal oils..
1,121 19,947
"
382
26,772
46,156
16,)11
20,500
15,999,617 19,510
.,' .. 1(t5.
"
i4,97} 936 362
. ..... Ks. , .... Ks.
..Ks.
"
57.680
11,22)
." ..... Ks.
· .Ks. · .Ks,
Scrap :l.nd old .... \ .
14,700
5,937
159,364 1,546,720 497.651 ",00 327.600
Iron and manufactures; Ore .
PUItS
37,828 5,099
NfIIlJ!,trs
5
.
.. .. .. . . .. .. . . . .
Toul hats ...
Mdt Liquor$ .. Molasscs & Syrup. Oils:
Killtl 181,297
46,594
55.402
14,6~9
322,)50 27,6')1
:;0,1]4,332
229.510
201.790
2,242
600 3,282
22,020 75,O6}
3,800
4,798,799 5,473
14,4J2,364 111,155
2,248.680
242 45
4,000
3,590 2,279,9,56
25,1106
1,250
12,341
16044,9}J
4,805,522
1~,556,147
900
23,668 18
215
Pearl, unset ... Shelb' Unffianufacturc:<! : Grun sna.il... Mother-of·pea.rl .. Trocha. .. Window. Ochers ..
KilDI
Kihu
3,09}
2,390
2,31}
18
20 13
300
250
I]
8,}92
6,638
152
88
20
3
22,678
4,~71
16,150
7,294
62,60J
41,OJO 1,679
50,718
30,722
'95
1 ,5 ~ 5
57'
3,893 2,620 847
1,8W
Manu(~ctured-
Pearl button Others .. Shoes Sl ippers Soaps ........... .. Spirits, distilled: Akohol. . Others. ,
...... Grs.
.......... . ..
151
...... Pairs .... Pairs · .Ks.
2,085
270
2,364 4,345 5,8n
. PUrrs. ......... PE. Ilrs.
439,367 28,7}6
4,024 6,235
102,324 }O,}51
8,3}4 8,299
468,10}
10,259
132,6n
16,6}J
TOlal spirit.
757
PUlIl
PnDs
Sponges.. Sugar: Centrifugal.. Raw .. Refined..
Total suga.r ..
..... Ks.
· .Ks.
%6
69,659,}28
8,837,085
157,822,715
5,159,665
99'),410
J,058.116
21,9}3,796 80 553,381
74,818,993
9,832,495
160.881,631
22,487,257
800
· .Ks.
.. Ks.
11'
(Continued )
PHILIPPINES Tobacco : L:af. . Cigars ..
.. Ks ..
Cill~retTc$ ... Smoking .. Orhers..
433
.... No .... No
1,047,555 I),nO,44} 1.087,100
}66,9:)7 373,791 2,8S}
1, 145,405 17,135,752 1,460,570
. .. Ks. .. Ks.
180 262,168
127,213
90
155,]00
53 ,382
............ ...
'fotal tobacco.
Vegetables, :lnd vcgeuble products: Fresh. Buttet ..
... Ks. ......... Ks. ...... Ks.
Lard ..
870,794
1,450 142,}17 87,707
174 52,267 29,032
434,704 539.214 },254
1.030,644
6.830 164.J}7 }87,8OO
1, 1I0 60,784 110.871
Wood ;
Timb:rAlmon .. Api tong ..
Cit. MmrJ
Cu. MII"J
2,509 4,780
B~nuyo.
27,777 36.723
)
CaluntL.
26)
BO 1.687 2,737 187 77,5)8 233,810 21,416
96
0.1.0 .... ..
Lanipao .. . Lauan r~d ... Lauan ",hite. MaY:lnls .. Nabo. Narra .. Nato ... Palosapis..
"
9,38} 28,582 2,569
. ..\ . .. .. \ ..
~~~~~.ii~.
.::::::
Not specified..
)J9 198 2,071 6) 22,715
67 2
~\::
2,514
. .\
750
5,858
51,595
43},201
I
Total timber. Lumbers' Almon .. Apitong .... Hagtican .. Oao... Guijo..
CII. ~'trJ 2,324 3,026
64
"
Ipi!.. . L:luan red .. Lauan wh ite. Mangasinore .. Mayapis. Nura ... Palour.is ...... . . .... .......... .. .. Tangu tle.. .... Tindalo ..... . YacaJ. Not s~ified ............ ..
5,9}1 2,6}9
16,285 15,180
"
3,462
5,728 I} S85 195 1
"
240
2,2}}
18,166 20
26,001
20),956
C". M atrJ 78.854 78,916 ) , 1}0
250
8J7 3
1,906 214,')()(J 68,192
)
4 5,96} 1,}58
5.780 2),795
171 419
200 176,614 36,915 98
989 18,057
558,612
9,604
280,046
))0
))
44.9S4 296 44,401
4 18 }4,928 31) 81,939
29.183,146
34,299,670
42 2,872 26
Total Commercial E",ports ......... . .......... .
44,7 17 101 ,909 1,)29 14 1,649
2,010 )1 1,657 91,007 26 1,117 17.266
95
. ....... Ks.
985
14
)
Total lumber... R:lttan and rttds. Basketware.. . .. ... . .... . . . Furniture ....... ... ....... . Other wood manufa~turcs . All other domesTic e"'pOrts
16
"
2,100 2 ,048 16
),OX)
})
439 1,051 10
)1,019
III
4, 105
1.4n
(Continued )
TH E COMMERCIAL & IN DUSTRIAL MANUA L
434
Expom of For Merchandise U. S. Products. O. C. Products...... ..... .
92,4)0
264,194 IS,56}
_______ ",461 _ _ __
Toul Re-c:xportation .. . GRAND TOTAL-EXPORTS..
121,891
283,057
29.305,0)7
340582.727
TRADE OF THE COMMONWEALTH OF THE PHILIPPINES WITH THE UNITED STATES AND FOREIGN COUNTRIES May, 1937 ( C) Values of Imports, Exports and total trade by countrits
-----
1937
1936
Countries Impons P{l~i
United States .. Hawaii.. Guam ..
hal y .. Netherlands.
Ptl~1
PCl~1
9,551,146 33,144
18,602,45] 57,041 91,401 1,442
38.154,597 90,185 91,401 1.442
378,06t1 4,876 8,499 D6,554 6,558 115,871 3&1,534
332.383
7I0,45l 4,876 8,499 132,868 133,865 405,676 608,728 362,133 200,261 28,265 665,549 53,59] 111,527 344,992
332,301 364,322
3,829 168,877 1,864,196 31,105 114,637 258,347
16,210,845
29,30S,037
45,515,882
660 515,455 26,430 6,831 311,775 3,01] ]93,800 762,428 22,063 138 ,287
\.
Norway .. Spain.
Sweden .. Switzerland. Canada ..
1
t
China. Japanese-China .. British East Indies Dutch East Indies French" Ea$[ Indies . Hongkong .. Japan ~ iJ.m .. Allstralia .. Ocher COllntries .. TOtaL
130,840 i55,747 41 ,935 i5 i ,868 37~,091
B,558
8,502
pll
59,706 128,899 91,844
17,909
1]Q,838
569,258 1],495 495,318 150,753 215465 145,1I 7 1,526\1 38
----'-( D)
84,111 238,689 10,445 114,598
>0,306
' ,1104 103.037 4.284 19,154 49,531 1l0,894 141,956 401,446 28,290 144,207 212,361 85,069 ]00,460 2,066,489
96,314 127,307 289,804 244,194 357,129 97,224 23,981 636,295
4,060
6}'
P'/~
}72,126 68,350
30, 193 129,21) 183,310 88,801 209,484 3,24),358 49,263 442,920 194,806
14,614,503
32,987,253
47,6 11 ,756
1,,,"
631,502
Vailles o( Imporrs, Exports and Toral Trade b) POftS of Ener> 1936
1937
Impons
Exports
--;pO,,-.-'---;P:-'J~1
Total. .
PCI~f
103,036 230,056 ],903 85,006 70,959 3.732 109,024 1,176,869 47,659 70,794 126,556
Pons
Manila ... Iloilo. Cebll .. .1010 , Zamboa nga. Davao .. Legaspi .. Apam .. Jo~ Panganiban ..
Exports TOt31 crad!;
33,186,460 72,3 19 54,541 19,996 2,517 1,719,349 26,430 6,831 441,645 158,758 235,735 914,296 4,400,154 171,845 16,213 59,706 146,808 9 1,8H 303,949 807,947 31,940 609,916 201,059 219,194 313,994 4,390,334 31,105 446,938 422,669
PaTIO Ri co ...
France .. Germany ..
lmptJr[s
PCJ~
38,936
Denmark ..
Total [raLie
24 124,157 33,383 53,881 19,996 2,517 i,214, i 94
9,062,203
Virgin Island o( U. $". Great Britain ...., . . Ircbnd .. AuStria. Belgium ..
Exports
Total Trade
Imports
Exports Total Trad!;
PtI~1
PUOI
PesOJ
PtI~1
13,289,388 69),253
11,789,328 15,712,963 3,742,772 5,523 254,163 1,124,154 )-18, 350
25,078,71618,416,216 4,259,929 23,177 282,649 1,197,17), 353,896
95
1,799,127 800,597 8,484 776,518
31,1)9,904 4,978,245 5,171,296 31,137 776,262 1,827,958 805,983 8,484 776,61)
16,210 845
29,305,0)7
45,515,881
)2,987,533
47,611 ,756,
i5,434, 254 345,25i nS,663 15,267 46, 198 18,731 5.386
15,705,650 4,632,994 4,845,633 5,870
7JO,064
~17,157
17,654 28,486 73,0 19 5,546
PHILIPPINES
435
( E.I.) Carrying Trade: Villues of impons, Exports and Total Trade 19)6
1937
Nationality of Vesscls
PU(!I
PUOI
8,21) 4,SQS,IlS 5,')78,979
Philippines .. American . . o. British .. Chines::. D~nish .. . Dutch.
6,24),482
15,170
136,492
514,757 1.152,903
1,2)1,466
1.746,22)
1,064,521
2,217,424 2,691,199 161,928
Norwegian
58),682
1,72),417 144,725 3,771,171 2,934,395
Panam:ln ... Swedish .. . American Aeropl:!.ne. M:liJ..
142,418 109,385 10.652 782,452 16,210,845
HH:-;' CE2)
Countries
Value o f 1m
rts distributed ;a.c.o::ord ing
Phil· Ameriipp ine
,
British
Chines<:
to
Puu
1,387,5,95 861,762
272.167 1,494 2, 175,282 29.)05,037
45,5 15,882
TOlal
""
Danish
Prlls }36,917
58,399
231
16,469
300
1,868 4,125 146,691 212,607
64,210
178,990
14
981
2>9 106,7)0 42,1l9 72.SOO 11 ,935
8,21)
25,1l) 6.114
4, 556 2.388 1,857 1,204 9.987 2),964 160,261
7,682
505,115
},i46 10,511,811
1'),646.603
5,325,852 37,m
10,025,,)1) 49.501
2,]43,969 465,810
2,606,392 1,105,653
291,089
786.536
)45,6}2 11,160,455 1 612, 108 726,628 134.063
)4'),6]2
12,5 48,050 2,473,870 1,436027 192,462
359,N6
32,625
392,371
14,624,503
32,987,25)
47,611 ,756
Dutch
German
PU'I 171,795
I·A
PU,I Pts,1 13,469 5143·A-
Jap:lnes<: No.rwc- Pan:lman g un Swedish
~1:I.il
PUDI PUDI Prl" Pr/,1 12.481 99,948 142,418 1.6.58,555
1,651
10,965
1,485 3,603 1000·1 16}, 175 67,6}2 3,989 11,7695 2,84) 116 1,)81 35,213 21,097 20,196 1,9 14 3.7555 19,84l 100,787 499,589 3,596 27,82)s 688 142 18.227 1784·1 32.015 97,730 S77 5,523 20,120 15,056 18,IM 14,961 68,405 20,251 38 2,20145 681 5,648 55,)28 49,149 2 25,279 0107,199 25,737 367·r 3,544 12.81) 1,368s 9 ,391 3,840 8,026 23' 11 ,744 104,31) 55,0)0 12520-1 61,939 4,126 1,996s 1)3,094 5,210 4,455 19,03) 1.060 8,074 ),)82 2,113 12,146 ),253 1532·[ 70 3,"" 2,2405 71,014 14,073 5,017 1,655.248 427,307 20,081s 17,881 9,)29 18,412 36,627 5~-A 39,348 17,3)9$ 1,671
52
,19
PUDJ
26,430
629 71,008 3, 162
Ptlll
9 ,092
987 492,750 6,791
709,399
Exporu Tot;!.i Trade
mlt ionality of c:lrrying vessels and countries of orig in
I
PUlt Pn'l PU'I 3,880,712 3,740,765 38.936
12,190
262,42) 6)9,8B 495,447
),'}18,077 142.418 }81,552 12,146 2,957,734
"'\
Unir.:d States .. Hawai i Guam ... . Great Britain .. Ireland .. Austria .. Belgium ... ~nmark .. Fr.mce. Ge rmany .. It:l.ly .. Netherlands. Norway .. S~in ... Swed en ....... Sw il'tcrland .. Canada .... Chin:l. .. .J:l.p-Chin:l . . Sr. E. Indies . . Dutch E. Indies French E. Indies .. Hongkong .. Japan. AUSlra lia. Othe r Countri~. ,
),146 ,),134,792 4,699,661
'j,S9l.}OS
1,822,134
Total.
Frlol
8,213 14, 111 5-10
9.606,42,)
967,782 17,20)
Imports
FUOI
11,822,461 151,662
Gerrn:Ul .• Icalia n .
JaJWlcSC
Toul Tu.de
Exports
Imports
77,185 74.557 248,724 920 299,847 14 ,250 25,470
"
114 40,279 14,121 1,496
"3
3,986 ) , 476
13'
16,075
32 18,852
460 43 I ),278 11,154
m
'"
17203-r 142,418p 578,979 15,170 514,7571, 152,90' 967.782 10651·A 1.822,134 58),682 109,)85s 782,402
I· Italian A-Aeroplane
p.P:ln:l.m:l.n s-Swedish
THE COMMERCIAL & INDUSTRJAL MANUAL
436
Trade of the Commonwealth of the: Philippines with the United States and Foreign Countries May.1937 ( Eo)) Values of Exports distributed according to nationality of carrying vc:s~e1s and counnies 0 1 dest inat ion Amer ican
Countries
PU01
Chinese:
British PUQI
A.l,494 1,193,886
Dutch
German Julian Japanese: Norweg ian Swed ish
PUO! Puos 785,175 1,257,175
PUOi
9,84 1
,.
11,416 4,500
P trOI
2,800
21
810 l<O
38,200
44,200
26,550
22,282
77,075
5,800 15,000
11,450
30
6,6H
15,1';0
2,610 81,110 2}4,248 132,417 5,200
73,980 ""
31 ,343 131.292
9,600
20,893
5,780
6.598 4,872 17,909
C'3,539
16,884
99 70,~8
794 57,310 11,661 8,474 18,650 47,)62
31,881
25,260 5,583 01)1,952
18,664 1,017
M53 3,714 7,953 50,)06 l ,Oll 25,962 IlS~7
31.794 l.857 4,715
2,951
6,267 4,830
9.374
<,000 4,475
1,111 1,597,054
26.939 61.350
38, 150
17.100 17 ,777
62,480
2UI0
22,631 71l.,fl87 34,248
49,250
26,119
CI)6,492 ... . 9,606,4256,24},482 A-I,4941,2}1,466I,064,5111,72),417 144,725 3,77Ll71 2.9H .395 272.1672.175.282 A- Air(f;l.ft
i9}6
1937 Ports Imports
Total.
44,875
3.980
19,885
81,311 31.797
Puos
2,174,623
1,839
1~7,989
Mai l
6]7
C........chinese
:"hnila Iloilo.. Cebu. , Jolo .. Z;l.rnboang;l. .. D3\'ao .. Legaspi. Aparri. J. Panganib;l.n
Puos
PUOJ
2,035,0882,706,012
20,470
France. German)'. hal), ... Ncthcrbnds. Norwa l' ... Swedcn .. Canada ... China ... Japancsc路Ch ina ..... nr itish E. Ind .. Durch E. lnd .. French E. Ind .. Hongkong .. Japan ... Siam .. Australia .. Othcr COllntrics.
Total
PUU$
PWJI
United St:ltc:s .. " ..... 9,126,';644,844,)65 17,36) Hawaii. . 15,38) 53,8';9 Guam .... 19,186 Porio Rico. 2,187 Virgin Island U.S .. 7,300 1,002,644 Grc::H Britain .. 15,515 Belgium. '" ~nmark ...
Danish
........... .
Exports
Toul Tr;l.dc
Imports P'/~S
Exrorts
Toul Trade Ptt~S
P(J~I
POttS
PilOS
PtJDI
99.495,278 2,628,102 5,353,584 161,064 251,909 688,310 76,402 1,291 2,27)
83,686,269 40,827,615 )1,123,197 178,261 2,687,925 11,246,541 6,255.994 ]6,65] 2,586,614
183,181.S47 4},455.617 )6.476,781 339,\25 2,939.8}4 1l,9}4,851 6,]32,396 37,944 2,588,887
87,650,9)6 2,98\,995 6,525S21 107,279 123,066 467,689 12,714
62,350,003 60.851.701 25.014,6S8 IOJ,756 1,907.909 8,6'J8.839 3,785,695
150,OCO,939 6"\,835.696 31,510,179 203,035 2,030,975 9.076.52] ),798,409
108,658,213
178,629,069
287,287,281
97,871,200
162,619,561
260,490,761
NOTI! :-Thc \路;I. ]ue of 1'10,040,292 (or Gold Bullion and Gold Orc sent to thc U.S. is not induded in the 19}6 6gurc:.
PHILIPP INES Imports P tI#1
Philil?pinc Amencan , .. " .
Brid5h ..
Chinc$C. Olnish. Dutch .. ..
French. , German..
Exports
Total Trade
P'UI
Ptl#1
50~ .0 13
1,372,7S2
2.023.314
505 ,508
2.528.842
108,6')8,21)
178.629,069
287.287.282
97,871.200
162,6 19,551
260,490,761
70,794
TOla!.
to
64.098 8(j,)99,978 67,273.105 22},164
37,644,773 109,419 6,416.8)) 4,950,148
8,)6S, ln 9,701,4')8 <',619 7,4SO,040 ISS, '47 SR2?} 46,998,109 25,212,827 3.}75.)94 1,881.765
2,910,}IO 848.934 }8,}81,472 17,61~,480 2.082,9~S
th: U. S. is nOt incluld in th e 19}6 figure.
Values f Imports distributed hy n:lfional ity of carr.dng veuels ... nd countdes of origin Philipp ~c PUQI
United States H;J.waii.. Guam ... Great Brimin Ireland .. Ausuia .... Belgium .. Denmark .. France. German)' .. h ... I)' .. Ncchcrland$ . Norll'ay .. Sp ... in . Sweden 5wjcurland .. . Can ... da .. China .. .!apanesc-China. Br. E. Indies... ot. E. Ind ies... Fr. E. Indies .. Hongkong.. J3pan. Siam .. AUstralia .. Olhcr countries
Ptl~l
8S4.017 35,8S4 ) ,438,IS5
4,)90531
3,690,25~
(E-2)
Pun
PUIIf
672,842 36,910,781 16.979,34) 2,066.708 1,049757 5,898 12.485.317
6,266,199
1,095,460
').534,l8S 5,906,586
NOTE: The value of 1>10,040,292 for Gold Bullion aild Gold Ore sent
Countries
Total Trade
54,8}1 49,721,1')6
6,6~2.757
,
Exporcs
9,267 3(j,678.8U 29,628.3}l 11),745 1,951.}19 4,7'i1.110 5.619 4,'n9.7}O 1'jS.H7 D}9 8.61J.2)7 7,598,H7 l,lQ!,4}9
266.859
56,361,174 34,1132,731
81,608 11,991,215
Total.
im porc$
508,072 75.}46,O49 78,66'),214 1,701,037 9.073,829 14,148,440 147.:nO 10,6,)6.7'\0 46,O}! 75 1.450 48.901,991 23,612.l00 5,755.962 1,903,774 41,7')2 15.92),472
241,21}
18,984.875 43,B}2,483 605.577 ),539,444 8,241 ,954 176.576 46,0)2
Greck ..
Italian . Jasnne.<e.. Norwcgi:lJl. Pan3mln.. . Swedish .. Aircraft, . Mail..
437
American P <IQI
15,72Q,365 249,559 49,464 S,R86 ),982 6,791
2,513
231 9,0}1 25,276 80,424 1,142 lU,529
"
241,21}
11),638 ),180 6,9QI 4.555 2,73) 3,158 1.204 14,278 9}.82) 718,20}
Bridsh
ChilieS!:
Pa,,!
PtlQf
P ' JQJ
French PtJQI
German P tflU
1,861,121
),075.575 29,672
)90,)55
2,505,8U lU,')26
1,214
12,989
41,166
)O.40S
4,70 1 I,6SS 20,103
21.654 48).7S4 3.320 169,799 7-1'd07 17,691 3S3,8}) 12.610 60,39:;1 211,8M 36.163 153,866 671,536 H,597 818.391 78R,287 211,611 115.0m 93,H2
17,)90 )84,0:;15 24,957 53.4S) 2,741,778 65,nO 1,219,189 16,1)7 86,)84 101,272 H2,8li
89,72S 26.-16) 1,511 12l 22 4,852
69.1n 9,05() 9,3H S,610 293 6:!.,577
1.86S
296,984 155,894 792,)40 l66 21,680 67,391 18,984,875
43,832,48}
)2
PU~I
oJtch
)2,68S, ~')) 84,480
10,791 1,208.260 1,)63,50) 2).On 905,656 )62.354 404,775 2S1,73Q 1,505,552 196,115 1,900,599 104,752
64),}47
o ... ilish
)~ , 16)
156,40} 76,782 155,415 lJ9,805 196,4)8 13),919
605.S77
417 .117 56,971 }48,278 387,814
807
71S
24,591
100,OS)
).5)9,444
8,241,954
"5
109,006 447 221.124
176,576
176,S76
38,2}1 218,020 46,754 20,827 99 )03 226,}60 6,266,199
THE COMMERCIAL & INDUSTRIA L MANUAL
438
Greek
CounrriC$
PUDf
Un ited States .. . Hawaii.. Guam . . . Great Britain. lrehnd .. Austria Bel~ium . . Denmuk . France. Germany Italy.. Netherlands. Norway .. Spain ..... . Sweden .. . ....\ . Switzerland ... Canada . . China .. japancsc.china .. Sr. E. Indies .. Dc . E. Indies . . Fr. E. Indies . . Hongkong .. Japan. Siam ... Australi;!;. .. Other countries. .
Tot;!;.l.
Japanese PUD!
276,047 46,065
617
Norwegian
Panaman
PtlDS
PUDf
},565.37S 18,278
1.666,166
7,065
Swedish PlJDf
112
Am. Aeroplane
Pt/Dr
Peror
,
)0,1 16
2,Sn,250
1.15~
51,222
472
1,51} 197,070
100
162 J ,957 7.078
4,597 B,417 21,08}
1,992 25,727 4,095
8,)44
74,54; 7I.S6J
61
49,419 28,664 2,464 1,1'25 10,717 44,510
},89}
16,}66
127,OB
),512
m
27,78) 16,420
268,705
m
1.531 2,462
160,8)8 121,058 I },637
16!l. 36}
60.071 1,187 25,}79
},903 2,927
5,862 50,426
15,607 741
224
)1,149
97.299 "7 &>.096
66,408
5,260
25,492
17,134 )95,820 2p,993
331 21
1,897.102 400,223 22,696 4,745
21,626
2,581
26,265 9,988,896 513,492 430,692 168,261
58,715
5,509
12.802 52,472 11 9 l,691 2!1,938
81 ,608
1 t.9n,215
6,63'1..757
),690,254
854,017
)5,854
3.4}8,lS5
Brit ish
Chinese
Danish
3,741>
----t\merican
Philippine PaDJ
993
""
125,081
8,254 3,812 129,019
42,292
264,000
,.,
69,432
99
-----
United States .. Guam .. Hawaii .. Porto Rico .. Virgin Is. U.S ... Great Ilritain .. Ireland . Bc:lgium . . Denmark . France . . . . .. . , . . .. Germany .. Ita,y .. Nctherlands .. Norway ..
Pu,,,
3.302
46,0)2
Countries
Italian
PrJU
54,121,949 332,418 205,80)
'"
PODJ
2~,1I 1
PODI
8).071
8,888 33,714 40.786 4,5ec
French
PUDI
PUDI
German PUD~
3,591,038
1,679,989
6,815
1.900
305,719
521,606
119.727 34,998 8).534 7S.0U 8,086 SO,122
183.464 27,310 50,450 878,224 479,)29 72,709 37,456
16,9)5
77,~1
2,187 4),978
PUDI
5,394,St6
25.319,697
Dutch
5,738,086 8,246 477,205 109,251 223,169 207,6OS
1,275 3,526
8,040
101,700 21,247
5,256
"
2,900
4,526
PHILIPPI NES Spain .. . . Swcdtn ... Swit7.c:rland . .. wnlld:a .' Chin;!. •• Jap-China Sr. E. Indies. Dr. E. Indies. . Fr. E. Indies.
10,833
~,820
1,357 2,800
527,6)4
465,880
}68,Hl
21,410
70,20S
1,050,01)
41,08) 9,441
82O 1,240 1,619
247,6)8
ISi4 5,4)2
7,536 209.426 489,785
1 8,6~
284,029
Toul .
266,859
Countries
hali:!.n
,
Fun
264,482 6,195
360,294 65,547 }},919
JapVl .. Siam .. :\ustralia .. O. Countr ies..
Tot21.
27.946 7,498
450
Hongkong . .
United StateS .. Guam. Hawaii. ... PortO Rico .. Virg in Is. U.S.. Great Britain. It('Jand . . Belgium .... Denmark .. France. Germany.. Italy.. Netherlands. Norway .. Spain .. Swedtn .. Swincrland . . Gnada .. China .. Jap-China. Br. E. Indies . .. Dt. E. Indie$ . Fr. E. Indies. Hongkong.. . JapJn.. Siam .. Itu$ft;l.lia .. Other countries.
439
56,361,174
Japancso: Ptl~S
5,799 9,160
2,151
)4,8}2,731
1,095,460
5,5)4,)85
5,906,486
Norwegi:l.n
Panama n
Swedish
Aircr.1.ft
Ptl~1
Ptl~J
102,8ll
Prs~r
P'/~I
26,327,080
15,468,510
1,991 ,1l1
"2
20,532 5,166
>,600 86,791
1,365 36,577 liO
27'
167,19]
145,175
34,818
83,868 13,738 74,300 35,656
81,731 374,575 53,980 101,807
30,050 127,030
18,6}5 45,790
26,161
1620536
340
381,817
43,990 51,617 8,455
5,693
4,900 JO,855
11,900
11,050 94, 166
24,607
10,778
761
8,208 2,686
903
17,928 9,450,017
51,BI 471,410
15,368 1,747
140 142,i5O 182
!6,75(i
68,224 569,115
·-1,070 137,274
9,492
66,404
672,842
36,910,784
16,979,34]
1,066,708
1,0~9,757
$,485 700 10,26]
466
----
178,(X)J 5,487 }2,259 8,682 1,807
2O>
5,989
I"
44,629 ]1,617
43,352 137,778 8, 392 )93,004
442,179
209,C02.
7,400
'),9:;7 4,)00 70, 10:; 74,OS) 15,650 136,946 468,421 51,OBO 216,}j6
81> 64.461 70,794
1,860 119,146 4,)90,')31
M:lil
Total
Ptl~S
P(S~J
12,475,581 146,848,226 332,523 10> 7,776 333,504 223,0 )() 1 ,797 7,Oll,017 8 ,246 990,976 621 , 315 578,816 1,]09,79] 9B,958 308,571 151 ,579 28,396 217,S05 7,481 1,775 611,589 1,308,624 30,195 695.105 488,191 66,007 957,911 11 ,7)6,691 178,493 54],-105 30 1,973,854 >0 12,485, 317 17S,629,069
T HE COMMERCIAL & INDUSTRIAL MANUAL
440
TRADE O F TH E COMMONW EALTH OF THE PHILIPPINES WITH T HE UNIT ED STATES AND FOREIGN COUNTRi ES
J unc-1937-(A)
V:l.lues of Principa l Imports
JUNE
Articles
1937
Alum inum and manufactures of.. Animals : Oc her cude (cows) .. Other animals . Brass and manufJc tures of. . Breadscuffs : Rice . Whea t nour .. ' Other breadstuffs Cars ' AutOmobiles ..... Parts of.. O :hcr cars, carriages, etc. and pa n s of. . Cement ., . Chemicals. drugs, d}'es and medicines._ . Clncks, w:Hches, and ~arts of. .. . .. .. . COlI. Cocoa or cacao. and mal\ufactures of. C,ffee, rail' and prCflOlred .. ConfeClionery .... . ...... . Copper and mllnufllC(ures of. Conon in (hc piece . . Cot(on other :- . . Shoes, leather soles .. Shoes, rubber soles. Shoes, o(her soles .. All other . Diamond and o t her prccious stones, unsee. .. Earthcn, stone, lnd china ware . ... r Eggs and preparations of: In na (ural form . Yolk.. . Elcctrical machinery, apparatus and appliances. Explosives .. Fertilizers, chemical and na(ural. ... .. Fibers, vcget:ablc, and manufdc turcs of. . . Fish and fish products . .. .. ........ .. .. Fru its and nuts .. ... Glass and glasswarc . . .. Gold, platinum and silvcr mllnufaclU res ... .. Hats, ClipS, parts of, and rn :1.[crials for.. .. . Jnd ill rublx:r. and manufactures of. . . .. . . Au(omobile lires . Boots and shoes .. All olher . ins(ruments and appOlTatuS, not elec tri cal.. ,I,,-lotion·picturc films ....... . ( a) 1,486,294 Kilos . .
'cb)"i:3:i9',60i'
Iron lnd sced. lind manufactures of: Agricultural implcm~nl$ and pans of ... .. . Machinery, machines and parts o f. . .. .... . All Other iron and steel manufactures of.. Lamps and pares of, no t electrical Lead and ml nufac t urcs o f.. Leather and manufactures of : ShOeS. lea(her soles . . Sandals and slippers. AI! o cher. Matches. .
(. )
19]6
P OOl
Prsos
32,986
16,}48
1,748 ) ,35'S 72,800
) , 22,)
11},}19 (b)
3,161 6),724
99,1}1
712,036 104,460
12-7.:)12
306,457
707,0}9 lSS,067 184,215 1,179
130,084
221 ,665 6,4)0 55),680 6},454 }9,62} 84,536
100,')98
514,952 24,875 )70,841
73,Sn
122, 154 4'\,88}
106,918
37,9OJ 1,900,406
21 ,402 1,784,914
1,188,416
1,216,526
71, 168 SO,917
9 3.442
39,4)8
12 3.130 1,18S,286
},506 6 1,11),002
18,717
34'
550,50} 52,239
278,243 4.957
112,715
44,824
285,887
191,]24 260.937
277,129
187,008
14, ]54 6OO,42}
221,17 5
195,054
···· f· ·
2) ,660
184 ,052
202,332 156,52}
}7,851 45,780 470,208
]12-,40]
100,(4) 1l ,219
6S,s98 51 ,859
42,001 1,014,998 2,191 .051 65 ,682 Ip 14
14,822 981,266 2,1l7,2}1
18,745 46,509
1)9,s71 2,492 130,)40
Kil os
31 ,005
sun
16,885 38, 44}
6
886
279,98 1 12, H4
192.318
5,554
PHILlPPI NES Mear and dairy product~: M:at produn<. Dairy product~ ... "" .... """ ...... ",, .. ...... . Mu ~ical instruments, pans of, supplies and accessories .. . Oils.min:r"l : Crude............. . ......... ................. . Napthu. and all lighter products of distillation. â&#x20AC;˘ lIIuminaling. LubricadnJl .... ' ......... . Orher oils, antmal, mineral and ,'egetable ... Paints, pi~ments and varnishes Paper, and manufactures 01: Dooks and other printed matter .. AI! other unprimcd .. Perfumery, cosmetics, and all toiler prcp"radons ... Photogf"phic equipment and supplies .. . PlalcdwatC, gold and sil"er ......... . Silk amI manufactures of: Nalur:d .. Artificial. . Soaps . Spirits. wine!, and malt liquors .. Sporting goods. .." . Surch .....................". Sugar and molasses . ........\ .. Tea.. . ... . .. \. ............. . Tin. and manufactu res of.. Tobacco and manufactures of " .... \ ... . Toys .. Veget"blcs. . .. \. Wax. . . . . . . . . . .... , ..... . Wood, bamboo, rattan, reeds and ma \ "Clures of Wool and m"nufactures of All other. . ..
441 277 ,578 1,075,256 6 1,765
206,552 958,411 41,906
412 287 342,"134 522,OW 99,703 132,755 193,142
412.990 1,301,604 531.662 173,192 111 ,807 181,264
160,015 487,479 1810496 82,336 21700
294.544 448.983 181,705 28,198 23,774
204,501
279,042 8"1,836 82,976 85,133 526900
.194 461 219.418 128,087 86.901 20,392 39,630 40414 12728 28,332 700,456 16,0S4 231.344 97,812 72.339 105,105 598.807
19,094,644
19, 184,426
561.542 163,480 128,563 19,421 8M71 69.819 15 .825 16.047 671,148
.32.299
:::1
Tocal Im ports IMPORTS OF COrrON TEXTILES Quamicy
Value
Countries
Sq. Mu. United States .. Japan. Other coumries.
¡... ..
Tot:a!. ..
PrJ~1
3,707,743 2,392,812 1,226,024
1,29 1,862 34.3 822 264.722
7.326,579
1,900,406
( B) Qu"ntity and Values of Prineip"l Exports 1936
1937 Articles Quantity
Value
Quantity
Abaca ( Manila Hemp) and other "egelable fibers and manufactures thereof: Abae,,Gr"de A- B.... . .............. ...... .... Ks. Gude C-O .. . ... Ks. Grade E .. ........ Ks. Grade F.. . ..... Ks. Grade I. . ........ .. . ......... Ks. Grade S-2 . . .. Ks. Grade .1-1 ... . .Ks. Grade 5-3 .. . . ................ . .. Ks. Gnde G ... . ..... Ks.
2,151 208,979 157,621 552,933 816,813 830,853 531,555 370,647 1,381,636
1,413 IU,77} 84,674 272,2~8
342 ,143 505,884 192,83 1 Ill,7}6 430,795
Value PtJ~1
P Ull
'"
281,2 1t 354 ,708 635,031 571,H8 650,298 716,370 678,294 1,129,141
}OS 100,687 11 5,152 188,417 167,751 20),981 197,855 160,9)2 249,2U
TH E COMMERCIA L & INDUSTRIAL MANUAL
442 Grade
Grade:
.1-2.
H .. K Gude L- 1.
Grade
Grade L- l . Gr:l.de M- I Grade M- '
. .. . Ks. . Ks. . K§.
1,I05,J7 1 411,6}] 1,l2S,nO
K• .
}46,2}1
. Ks. . Ks.
7&1,616 407,96} 189,685 1 1,),855
Ks.
Cude D-L G":I.de D- M
K• . K •.
Y- I Y- 2 Y- ,
K •. K•.
Grade Grade Gt:tde Grade Grade
Y- 4..
0 -1 Gnule 0 -1 . Gr'lde 0 - 2 .. Grade Grade Grad e Grade Grad e Grade Grad e Grad::
O - } .. T- 1.
T- l . T- '\.
IV. A- I)- 2. A- D-Y ... A- D-T'\ .
To ral aln ea
----
Cantt)nCantoflGrade Grad e
,,.
Gr~<l e
"X
Grade
Tota l Canton .. Ma <r uerM- R 1. M- R M- R Y M- R O. M- R T ..
,.
Toul maguel', PacolPCL- X . SisalSR- l.. SR- 1., .. SR- 3. . SR- Y Toral sisal Su nra] fibers Orher unmanufan ured fit>ers Clorh CordaJ;e .. Knotted abaca .. Lac<;s Ochcr manuhnu red fibers .. Breadstuffs: Rice: . Orher... Cement ..
· Ks. , Ks. · Ks.
K •. K •. . Ks.
47.565 4.9}4 126.501 2,686,229 197,088
13,5}6 34,156
304.0S~
877,154
tS:l,Q85
1I0,7SI
.j9l,SN
~'1,',)S
266,477 78,195 165.317 9},075
I ,S3t57') }oS.',)1
119.787 4'),105
672.8'j~
71611
463,0')')
S62S}
"''i.20~
27,705
181,818 113.850
10.170
7,On
44,27)
DSO
'"
UlS
I S,101
I"
11,OIS
14),On
~UI4
Wl,')48
1,On.4D
iO},6'\i 1 ,058 4,d4'i 2, \IS
28.514
28,OS1
},'iOS
26,0<;,)
6,087
34.156 141,439 41,,)05
2 1.191
19.481 19,'1'11 H,QII
8,683
107.31'19
K •.
262 , ~ 89
~8,707
201,~1 ~
JO,1"iS 2Il,!4
K •.
190,127 467,160
')4,6 17 71,870 }1,790
13,'319 1.l10 4.920 2,70J
· Ks.
6,087
UlS
H)5 I Q."~6
17,837 U92
~,756
'OS
2 11 ,3'" 176,)11. 12.6')') 24,01') 18,97')
Ks.
13,9S3,:n 8
3,791,564
1l,8n,219
2,}OlSW
. Ks. Ks. . . Ks. Ks .
177,100 10.120 lIB.6')7 3,16}
27mB
208599
lS.690
56.92') B,SS')
3,91S
K~ .
lQ').0~
45,156
274.379
1.:1.01')
Ks, "Ks. Ks. . Ks. K• .
1,)9,879 ) , 3,)9,876 42:1.613 11.618 23,401
1.9,6} 1 190,214 56,7H
}64.0'i7 9n,5" 290.9')0 8.855
1.455
7')9!)
42,59S 7,),405 20,519 ,,0 240
Ks.
1.975,417
1.78.749
1.6IS.9~S
139.142
1,410
... Ks . · Ks. .. . Ks . K •.
--+
9~,610
1.800 15,9H
'"
'"
HO
--------------------- -- - -
K •.
13.156
. Ks. K •. Ko. . Ks .
87.918 130.\69 IS,8')0
15,074 20,211 2.937
K,.
237,441
3'3,302
. Ks. . Ks. .. S.M. K •.
19,5'S$ 85,416
105,01.0 21.419
22,392 99,4H.
81),77\ 17,91.3
315,43') 4,411 20 5.276
603,917
" 3,808
201,215 5,8%
"5
"
- -------------------------- ---
K •.
. Ks .
· Ks.
"
718,6N 2,712
9,471
.
1,154 1,60)
30
'48
3,196 4.535 290.770
'"
6.550
PHILIPPINES Chemicals, druE:s. dyes and medicines. Curch .. Orher.. Cop["'T ore... Cromium ore Embroideries:
443
Ks.
440,040
52,805
K,. K,.
2,746,270 7,671,035
92,)16 104,720
470,035
4,935 746,780
578,819 89,927
Conon ... Sill.:. Fish &: fish products ..
K..
16449
1,901
Cc.>pra .....•.
. Ks.
Copr~
,Ks.
25,46'3.1 )2 11,0:>7,245 ') .0)),519
4,672,411 560,901 1.6}6,)O8 116,626
Fruits and nlllS:
meal.. Ocsicc;lIcd and shredded coconuts .. Other.
. Ks.
2),771 28,382,82.4 7,142,877 },004,4)7
6,986,260
Total fruirs and nurs.
56.404 25,567
19,}6O 803.897 8,376 6,9)8 2,5:5,),744
195.822 769,)47 2U40
3.512.253
Ginger.ale or non-alcoholic beverllJ:;csGlue ..
Gold, silver and manuhc{urers of : Dullian ... Ore....
Olhers ......... :I.nd re~ins :
GU'11~
......
Elemi .. Rubber .. Total gums and resins ..
Total h:u s . Hid es and skins , Iron and manufacturers: Ore .. Ser,,, and old. Malt liquors .. Molasscs & syrup.. . Oils: Coconll t .. Cocollur edible .. Lumbang .... Orhers ... " Toral oils .. Shells: Unm.1nu(ac[urW: Green snails .. Mot her-of.pearl.. . Trocha ......... Others. MRnlif LCfU~~d:' . Pearl billion . Others ..
Sh""
Sliprcrs' Spirit. distilled: hlcohol. . Others .............. .. Total spirit disrilled
}0.073
J,GJJ
9iS.O~n
1,952,iSH
8~,2S7
534.983
27M')!!
3IZ.Un
161.11)
1I~,1 98
24,4U },Oll H.195
210,4:)5 2).0):) 21 .751
41 , ~65
6,054 12 HO
214,641
706]0
260,218
59,859
~,418
oIO,9}0 I 20) 2,225
}9.857 6,O}1
60,504 72 9.551
. K•. Ks . ... Ks .
Corll .
H,ts: Bllnt'l, Buri. Srr~w, ... All olhcr.
K,.
, Ol. . Ks. K,.
."1..
\
...
...........
.. No. No. .,.No. ..No.
~9,')'B ]9,8~
I,'no
1.200 21'
"
,,0
28,754
44 605
"
1 .6?~
239 57
40)
45,285
70,128
· . Ks.
227 ,8]5
75.}2S
87,OS}
21,S'll
. K,. . K5 . .. Ltr. Ks.
61.}37.952 1,05l ,0 15 1.650 j,4]2,605
265,20) 5':l.571
73.H5.0S5 57.3~5
Bl.820 2.5]2
59,618
1,164,920
14 270
Ks. . Ks. . Ks. . Ks.
10,]85.771 10.531 24 1.930
2.458,877 2,6]8
5, 70}, 177 146,873
920.849 )4, 521
895
4.350
1,200
. Ks.
10,402.258
2,462,430
5,854,40)
956.570
K,. K,. · . Ks. · . Ks.
5,074 11.975
. . Grs.
86,8])
---------
8SO
20
2,700
2,000
2,4Q~
1.120 4.300
1,800
I,sOO
},40~
19.149 27,809
15.2H 6,442
65.226
61,911
39,810 2.122
50'
... Prs.
210
.... PTS.
2.040
1.954
1,026
. .Pi.lI . ... Pf.lI.
8,914 49.489
m
11 ,065
108.209 39.283
8,959 9,892
58,41]
11 ,535
147.492
18,SSI
'I)
1,452
THE COMMERCIAL & INDUSTRIAL MANUAL
444 Sponges .. SUllar ' Centrifugal. . Raw ..
Refined ..
.............
.... Ks.
680
2,920
. ............. ,Ks. ......... Ks. .... ,Ks.
l oo,}22,I34
12,402,666
1,284,309
122,850,520 450 2,)69,594
17,590,296
6,976,148 107,498,282
1},686.975
125.220,564
18,041,975
...... Ks.
629.976
246,529
720,549
}42,O40
. .. No.
21,614,096
6H,20~
469,962
.. No.
779,750
15,701,969 581,850
Total sugar. Tobacco: l.caf ..
....................
Cigars .
Cigueucs.. Smoking. O~hcrs ...
......................
. Ks.
197
. Ks.
245.629
1,526
"
111,4}O
100 89.400
2,026
,0
28.559 842,637
1,00),788
Total tOblcco.
50 547,629
Vegetable and vegetable: products:
Fresh .. Duncr ..
Lard .. Wood: TimberAlmon . . Amuguis.. Anagap. Apieong .. Ard: .. Balakae .. BanieL. Banuyo. Binuan .. Bolon,&;,Eu Calunci.
... \. ..... ",... ......
. :\
DOlO...
Guijo ... Lanipao. Lauan, red. Lauan , whiee .. Mangachapui .. Mangasinoro Maun.!! 1. Mayapls . . . Narra ... Nato .. Naco, whi!~ . Pa~sahingin . . .. POl IUlan .... . . Paloupis .. Supa .. Ta!iu)" Gubat. Tangilc. Yacolt. NOl $pc:cified.
..•.
.. Ks. . . . Ks.
1},814 320,7}S
4,110
5.124
910
120,484
165,655
52,429
. Ks.
'j,9})
26,302
218,Q3S
64,639
2,884 1!
878
6 878
,.,
6,776
8,44) 14,368
61.364 107,910
801
6,298
31'
3, 166
2,907
24,269
Cu.M. . .. Cu.M. ..Cu.M. .. Cu.M. . Cu.M. .Cu./I..·1. .. ......... Cu.M . .Cu.M. . ... Cu.M. ... Cu.M. ... Cu.M. .. Cu.M. ... Cu.M. .. ....... Cu.M. ........... Cu.M. · . Cu.M . · .Cu.M . .c. Cu.M. .Cu.M. .Cu.M. .Cu.M. ....... Cu.M . . Cu.M . .... Cu.M. · .Cu. M . .. . .. Cu.M. .Cu.M. ... Cu.M. .Cu.M. ...... Cu.M. . ................... Cu.M.
Toeal timber LumberAlmon. Apicong .. Baglican .. 0;1.0 ...
Guijo... Ipit. Lauan. red ... Lauan, white .. Manga5inorO ..
...... ...........
........... ..
.......... Cu.M. ............ Cu.M. .... . ... ... Cu.M. .Cu.M. .Cu.M. ............ Cu.M . .... Cu.M. .... Cu.M. . .. Cu.M.
'"
1 7 6,6')7
"
50,2~3
" , "
'"
299
16,2~4
1,
1! 8 147 128,608 2S0,766
3
10
3
,1
I' ,
1~,364
)O,67S 1
3
1,009 82 ,1 2 1!
", 3
20
S}
50
3,.
'""
,
29 41 10016 1, 764 408
I'
91 1,026 21
22
3,)~6
26,6~)
14
113
~8,070
489,867
1,484
~9,681
343
9,))7 1!' 2.087 2,948
4 8
43 4,8)2 ) ,497
188.384 1l ),8~0
'76
~,908
29.629
222,~9
"
2,802 40,026
47 102 1 ',906 4.460
3 ..,
117842
"
'"
1.726
~, 18)
70 1~6.960
PHILIPPINES ............ Cu.M. .Cu.M. .. ...... Cu.t-f. ...... Cu.M. . . ... .. Cu.M. .. ..... Cu.M.
Map.pis NaIT:l .. . P~l osap'is
Tangulle. Tindalo. Yac.:d. Nor s~ified .
lOS 1 1,018
2,3011 6 20
251
31,909
1,465
'"
1,295 2,996 4.3011 4}.540 128
49 40 I
20
.Cu.t-·I,
Total lumber. .
445
600
8,886
12
467
11.958
420,279
1l,l78
379,809
Basl.:c[\\,ue ... Furniture .. ... Othcr wood manuf~cturcrs .. AI! other Domestic Products .. .
56,896
Tou.! Domestic Exports.
H.725,467
6 26.264
18 35,519
345
ExllOrIS of For Mcrchandise : U. S. Produc ts ... O.C. Products.
44
---
30,351 ,976 87.029 14,968
95,051 27,088 121,1}9
101.997
H,M7,606
3O,453,97}
Total Rc-cxp0rtation .. . GRAND TOTAL-EXPORTS . .. ,
54,005
SUPPLEMENTAL Countrics
1937
Articles Quandt~·
of dcstinad on CommemOt2dve Silver Coins ..
(C)
Valuc P UDI
...... \ ..
• Valucs of Impom, Exports and Tota,' Trade by Countrics •
.j . . Uniled StateS
31
19)6
1937
Coulllries .. !mports United Stalcs .. Hawa ii . . . Guam .. POrtO Rita. Great Briuin. Ireland .. Austria .. Bc:lg ium .. Denmark .. Francc .... Germany. luly.. Nc therlands . . No~way .. S]»-III .. Sweden ... .... Swirttrland . . Gnad:!. .... China .. {tl?a.ncse.China ... tJu$h E. Indies .. DUlch E. Indies. . French E. Ind ies ... Hongkol1g. Japan .... .. Siam .. Australia Other coun t~ids: : Total.
Total Trade
Imports
Exports
Total Tude
PrlDI
PUDI
PrlDI
P ru l
P U ll
P UDI
1l,936,203 83,461 )69
28,013S65 59,430
39,950,168 142,891 )69 61,5sa 1,510,847 17,020 15.767 314 .270 110.444 218.150 1,027.440 176.050 614,161 19.279 48.818 146,963 109.<;80 268584 129,IO} 5.739 409.698 510,670 111,476 390.619
Il.H6,777 56,016 46,500
23.785,569 43,365
36,932. 346 99.381 46,567
499,419 7 ,389 11,891 168.865 14.972 11) ,105 437,621 9,171 62}.472 6,972 30,4]7
654 ,H5
~03. 2~3
15,2}7 ]5 ,767 198.378 10.077 138,922 863,652 30,318 600,890 10,180 21,122 10 3,094 105.280
61.550 1,107,614 1,78} 115.892 100.367 79,228 163,788 145 ,732 13.271 9099 27,696 4},869
4,100
247,~62
21,022
477,815
2~1.288
]17,479 405.359 108.122 136,938 2,272,844 624 469.480 121 ,638
...... ......
E:I.'pofts
19,094,644
5.739 92,219 105,311 2.754 253.741
~,391
68.984 241,691 426681 }O,920 H2,95i 167,48~
96.662 2}8.789 2,040.887
67
594 103 ,472 146.61S 391,425 273.211 435,536 180,815 73,414 37~,IS" 20,6~5
5 'S
69.~12
43.341 183.2.26
285.032 609,907 ]1 ,190 246.724 211 .092 99,2)7 307,015 3,270,763 28,314 }S6.116 32.2.775 47 . 77~ .0}7
270 103,773 43 .607 2.57~
2,~~9,01l
4,83 1 .8~~
26.075 174.825 4OS,On
26,699 644,}O5
304,474
~29,67~
10i , l7~
68.226 1,229.876 27.585 81 .702 221.600
]},847.606
52,942,250
19,184,426
28,590,611
719
59'
1,153.754 7.389 11 ,891 272,337 16i,590 604.530 710.8}2 4H ,707 904,287 80,446 405 .623 71,026
THE COMMERCIAL & INDUSTRIAL MANUAL
446
(D) Values of Imports, Expons and Tau! Trade by Ports of Enrr)' 19)7
1936
POrts Imports
Jolo.
776U~O
25,120,607
238,146
13,695.78';1
8,014,276
10,726,989
1.46l,228
4.517,095
m,B?}
17 ,487 17,578 89,310
13.9H,9)S 6.0l9,l!} 41,795
1,024,192
}81,821 l,l1},562
1, 1')0
1,13S,BH
1.1 }6,994
19,184,426
28,S90,61 1
47,775,0)7
150,949 746,4W 1,7mU02
Aparrt ..
28, 169
.lose: Panganiban .
2,098
587.456
S89,55~
19,094,644
33,847,606
52,942,250
1,471.805
27.}~3
367.2H
Carr)'ing Trade: Values of Imports, Exports and Total Trade
,
Narionalil)' of 'ends
,
Philir>pine .. Ame~iCln .. British .. Ch inese , Danish . Dutch . German. Italian .. Japanese .. Norwegian Panaman .. Swedish .. American Aeroplane . Mail. .
1937
\
1935
Imports
EXfXlns
P~JVJ
PrJ#1
6,544 3,592,465 7,696.695 74,526 840,194 1.187.742 1.559.975 6,720 1,669 .844 1,570,971 230,451 106, 109 8,292 544,116
Total .
( E.2)
PUliS
29,815,933 7.)9'),776
17.353,467
6,779,69~
1,205 1,29]
( E.I)
PUDS
14,)')9,705
Legaspi ..
Total.
PtS'S
Total Trade
616,08) 2,712713
SUi,116 1,613,192 1,710.307 29,460
Dav:lo ..
Exports
1:),486,277
n,924 99,6<6 1;1,)87
Zamboanga ..
Imports
PUIII
PUIII
PUliS
Manila. Iloilo. G::bu ..
Total Trade
Exports
19,094,644
TorJ.l Tr.lde
Exports Totil Trade
ifll?:lrts PtJ~1
PU#J
Pl~1
2.882 7,0:J6,665 5,76<:),786 37,022 435,]87 985,062 863.617
2,053.507
6SH 16,817,460 12,396.452 237,664 1,H3,178 1,613,149 2,064,)69 151,372 8,12} 732 6.077,215 41863'2 255.439 9. 1"!1 2,597.6"!3
)3,817.606
52,942,2S0
13,154.995 4.6$,757 I , 138 1 ,W3,284 425.407 S04,39~
144,652 6,453,888 4,506,2H 18S,181 149,330
829
Plf~r
1.4H,376 1.693,271 486,775 122,753
51.831 4,692, 314 11,197,688 72,203 1,772,017 415,721 153,114 270,461 6,823,265 2,052,644 7'H,784 144,791
57713 11.788.979 16,967.474 101,130 1,207,-H4 1.400.783 1,115.741 27 1,442 8,257,641 },745.915 1,2路H,5W 267,544
19, 18H26
28,59:J,611
47.775,037
981
Values of Imports distributed according to natiooalic)' of carrying vesse ls and countries
Countric~
Amerlean British PU#/
(a) Philippine Chinese c) P.!'lao)In (d) Aeroplane
fb)
PU~J
United States .. . 3,0-17,6946,101,679 (e) (d) Hawaii .. 81,441 2,020 Guam ...... 369 Grell Brilain . l286 383,594 Ireland .. 14,910 Austria .. 3,056 Belgium .. Denmzrk .. France. 22.419 8,702 Germzn)' .. 18 10 Ila!)' .. 2,454 Netherlands Norwll)'. 8
"'
P~191
OJ.oish PrJ91
2}O,451 600,010 8,292
3,033
DJtch Ptl91
PU91
P'19T
14,857
"
2,286
4,490
178
11,796 56,056
278 3,627
U1i
17.372 4,979
Itdhn ./.lpan:s:
343,093
25,191 18S,W2 7,785 10,841
15.1H
G:rm In
N :lrwc!:iln Swdis'l
Prr#T
P'191
P'J#J
Mail PU#J
394,991
33,906 1,161,174
9,129
270
62
2" 711
20'
I7l
5S,6!t 9 ,851
IUSl
8S
6n,701 11.5t8 5SS,sSl 2,570
1,957
I,OU
15 on 2,}Sl
15,067
65,425
27,101
9,890 7,868 44 1.219
216 626
9.9~ 1
116
764
..
)
SFm
S",eden . SwilZcrl;and ... (loadl, ..
3,974 50,124 14),604
China ... E. I ndi~s
18,436 Jl
"
Dr. E. Indies .. Fr. E. Ind ies..
51,874 }4,416
Honskong . • ..
ap~n
117,531
Siam .. AU$fUli a.
11 ,062
O. countries ..
PHILIPPI NES 2,285 1,285 184,994 188,649
10,871 2),772
69,159 6,473
83,928 ( a) 17,398 51,990 ( a)
)" 109.481
16,149 23,290
71
CbS
365,88) ( b 9,'"
?b5
Tot:al . .
2,715
00 18, 916
)592,4tSS 7,696,695 (c)
(.)
38.539 35.987
447 8, 440 22,222 71,8)
26.~06
15,682 11.444 97,756 122,8)1 230,861 291
1,431
2,16)
3,029
7 .079
)6,023
53,755
6,609
18,556
3,893
'B103
un }l
4, 241
90B
39,822
1.458
"
lO.7J4
82,975 9,')67
4,74)
1,291
4,871
1 ,:n~
1,490.S."1 66 ,995 15,242
305.367
8.700
13,909
),120
"7
4,378 38,275 1,080
95,524
1,0 51 35264
5.576
271
2,877
27 10.709 61) 1,106
5.563
6.544 74.526 2l0,4jl 840, 194 1,187,742 1,559 ,975
6 ,720 1,669,844 1,570,971 106,109 544 ,116
8 ,292
(E·}) Values of Exports distributed accordif\~ to n'u io fl ality of carr}'i'l't \' ~ss : l $ lIn,! COlll1 trie~ of destiflation • Countries
American
British
Aircraft Chi nese
Danish
Dutch Ge rnun
Japa n ~se
Norwegian Panaman Swed ish Mail
[t~li:tn
----
Po., Prlf., Prsfr PU(Jl Pnfl ~,,~ Pun PrSf' PH.' Pt'.' United Sut es ... 12,656.(.61 3,20l,056 ( A) 819 1,282,247 243,800 4, 161 ,696 4,225.906 188, 18 1 2,0.52.S87 Haw:tii .. 42 .879 15,631 920 S,]66 POrtO Ri co .. 39.136 14.175 3 ,07S Grear Britain ... IS,480 910.s55 82,616 35,893 S9,320 3,750 I,dand .. 1,87\ S,2)O Bel,l:ium. 8 ,883 31,717 24.548 1 6,38~ 4,080 S,033 R )00 Denmark . . 10,500 48 27,124 S4.1 95 France . 11,4()Q 6,100 17,400 28,614 4,495 1.21 0 German y . . 8,956 19,3]0 131 ,502 4 ,000 Italy .... 200 (f) 137,619 7 ,9103 Netherlands. 1,591 220 6)8 8 ,625 2, 197 Norwa)'.... 4,200 1.441 3,458 Spain . 4)0 27 ,246 Sweden .. I) 1.<00 42.454 f witzerland .. 4,300 Canada .... 21.022 China .. 131,831 70,734 (C) 1.S48 ll,SS7 24,809 (I) 3.800 Japanese-China . 1.1 76 3,250 JJJ 700 Br. E. Indies ... 52,286 19.605 (I) 2,533 4.164 l)0 13,3'4 167 Dr . E. Indies .. 2,574 1,)no (I) 700 2,082 98.565 Fr. E. Indies .. 1,884 870 Hongkong .. . 155.232 51,276 IO,'iOO 26,}"27 3.716 3.B82 2,708 Japan. . .. . 17.655 98,543 ( C) 152,430 7,414 6,9 0 5 602 2,124,620 )5,600 95 ,146 Siam .. 18.827 7,248 AU.<frali:! ....... 151,617 23,'08 Other counlries. 85,964 51 .087 ( C) 9.160 79,61~ 4,442 119,730 7,200 50,780
7.em
To tal .
F)
( h) 819 . 13,2S4,995 4,699,7\7 ( C) 163.118 1,}OU84 425,407 SOU94 6,453,888 4,505.244 188 ,181 149,530 2,051.5<>7 ( 11 144,652
C:!rrying Trade WITh the Atlantic and P lCili: U lireJ StJres a'1:1 VJ.luc; of Am~rican go:rds im p:rrtc:d frorn ford gn co untries
Nation~litr
or
Ve ss~ l s
1937 IMPORTS
At!!\'1ri c
American .. nriti$h .
EXPOaTS
------------- -------------------------P<r~l
941,6<)7 4.741.002
Paci fi c Pr<OI
2,103,860 1,)')8,497
For:i ~n
Pun
Tot11 PriM
2,1 "
180
1.017,69 1 6 ,lot,67'1
Arlm ori ,
P lcifi,
Pf<Ol
P,,~r
6,051,8\0 2.191, 541
6,,),H .8\ 1 I ,OJ7, 5l 'i
Toul PU~ f
1! ,6y l,66 l 3,202,056
THE COMMERCIAL & INDUSTR IAL MANUAL
448 D.:I.nish .•.•
585,}10 1l,S47 14,857
Dutch. '"
German .. hal ian. Japanese: ... NorwegIan. Panaman .. t\ mukan Aeroplane:.
14,700
600,010
329,546
34),093
1,04M.53 128,417
243,800
33,906
4,161.696
4,161,696
1,161,174 2)0,451 8,299 )94,991
}.479,172
2,317
1l,935,20}
17,424,0:>1
1,845
6,113,518 4,419,973 )15,71) )01,90l 1,9M 1,256,644 478,219 195,814
56
15,647 117,521 10l.0}4 8,292
394,992 TOtal
7,4SS,742
4,445,l44
Americ.:!.n •..•
4,998,029
Briri$h ... Dani$h ..
3,299,987 )011,917
1,173,644 J,1l7.B46 6.806
1,282,247
24}.300
56 18,259
1,282,247
14,857
746,736 187,416
4,225,908
8" 2,052.587
188,181 829 2,052,587
10,589,954
28,013,965
2,052,173
4,373,619 9,208,071 1 ,621 ,072
735
1936
Dutch Japanese ...... Norweghill .. Pa naman .. l\hil.
CG)
401
84
28),:nS 3,984 467,456 38,358 195,7}0
9,855,189
3,287,202
4.386
19,123
789,188 439,861
TOlal.
2,140
1},146,777
2,291,446
S,S'n,BS
35um
1,620,627
445
7,oro S,Bll,293 1.561,19} 687,122 lO,85},519
147,250
221,348 39,709 86,292
1"4,850 5,B11,193 1,78},541 726.831 86,292
2,9l2,050
2),785,569
\ Inward and outwltrd lllovement of vends direct from and to foreign ports and Philippioe ports of entry ENTERED~
Net tonn~ge 1936 1937
Vessels 1937
10'9 12 2 7 3 2
•
6 17.
CLEARED
\
Cargo discharge 1936 1917 1936 TIl/I
Ports
Vessels 19}7 1936
Net tonna~e 1917 1936
To'/.i
102 449,630 406,)4 1)1,950 114,688 8 28,)24 25,968 2,060 5,254 28 1I3.573 87,314 26,249 lM07 3,526 102 2,713 3 6 7,92) 747 5 10251 917 1 9,472 4,886 2,})5 389 1 5,848 2,977 7,<nJ 2,027 61 20,007 )SO 1444 642,658 538,145 16},75f1 141 ,757
Manila Iloilo
«b.
Jolo Zamboanga Davao L::gupi Aparri ). POlnganiban Total
Cargo laden 1937 1936 T9nt
T9/11
83,940 5},219 46,167 764
62,123 72,866 41 ,156
9,6~S
6,}49 5,950 2,264
2 10
84 )85,887 358,272 15 )6,5)6 49,944 16 74,948 61,771 2,713 3 3.490 8 12, 185 16,}67 21,660 17,30S 5 1 5,451 125 14,072
145
1)2 559,10) 511,823 269,601 180,939
87 10 21 1 7 7
6,487 3,601
2)1
51 65,660
Common"ealth of the Philipoines Department of Finance BUR.EAU OF CUSTOMS M1nila TRADE OF THE COMMONWEALTH OF THE PHILIPPiNES WITH THE UNITED STATES AND FOREIGN COUN1:RIES First "blf Year, 19)7 (A) Values of Principal Imports First half Yell Anicles 1936 19}7 Aluminum and manufacrures of. Anim.lls : Other catde (co ws). Other animals,. , . .... . . Bras. and manufactures of.. Breadstuffs : Rice, Wheal nour......... Other breadstuffs ... Cars: Automobiles and trucks .. Pans of... Other cars, carriages, etc. and parts of... Cement. .....................
C')
Pa, s 116,9';7
Ptns 10),844
6,268 53,}24 402,800
13,808 25,462 365,736
4,099,725 (b) 1,097,558 ),676,942 ),680,922 597,!}2 687,}1l ),786.612 9~1,845
1,06I.8}2 26,460
},94O,907 9)7,}24 980,228 14 ,936
PHILIPPINES Ch~micals, drugs. drcs and medicines ... Clocks, watches and parts of. . ... . Coal. .. . ..... _. _. ,- ... ,. (0(;0:1. or cacao, and manufacUlrcs of Coffee, raw and prcp<lrcd .. . Confectionery.. .. . .. . CoppcT and manufuturcs of Co n on in the piece .. Cotton, other. ShoesLc:lther soles .. Rubber soles. Other soles . Sand:lls :lnd slippers . All other. Di:lmond and other precious stones, unset . E:lrthen, stone, :lnd ohinaware. Eggs and prepa r:l.tions of; In namral form ...... . Yolk. EleCtrical machinery, apparatus :lnd appl iances . Explos ives ........... " ........ .. Feniliurs, chemical :lnd naturaL Fibers, ,'e,l:eable, and manufactures of.. Fish :lnd fish products .. Frui ts and nut.S .. Glass and ;&lassw:l.Ce ............;" ....... . Gold, plaunum and silver manufactures .. Hat.s, ups, parIS of, :lnd m:l.teri:lls for ... Indl:l rubber, :lnd manufactures of: ..•.. Automob i]e tires. . ~. Boots :lnd shoes .. . All other. " ...... .. ( a) 65,}U,)l) Kilos 17,)55,475 Kilos
!nstrun:cnts :lnd appar:ltus, not ekcuical .•.. Motion-picture films . . ............ . Iron and steel. and manufactures 0(: AEr icultural implements and parts of .. tl.1:.chinery, machines and parl~ of. . ... All other iron ~nd steel m;tnufactures of. lamps and parts of not electriral.. Leld ~nd m,Ulub ctures of. ... Lc-.Lther .,nd m:L.l1uf crures of : : hoes l.cJthCT sob. Rubber soles ... .... .. Sand:lls and sli ppers ... .. All other ..... ...... . Matches... M e~t and d:l.iry produe ts: Mu t produc ts... D:l.iry produc ts .. , ........... " .... .. ..... , .. .. Musical instruments, parIS of. suppl ies and accessories .. Oils, mineral: ..... , Crude . . _ Naphthas. and all lighter products of distillation ..
~~bri~~~f~~~:.·'- .. :::,:.··:::::::·:···:······
Other oils, alllmal, mineral and "cgetable . Painl$, pigments and varnishes... Paper. ,nd manufar tures of: Books and other printed mauer.. All other unprin ted" , ................. .. Perfumer),. ~osme~ic" and all toilet preparations . ... . Photograph IC e ~UlpmCn( and '''pplies .. Pla ted ware, go d and silver................. ..
... ,.
449 2,796,998 448,)17 788,4)) 6)4,480 741,755 28),)22 201,180 9,}80,164 6,54),644 12 )6,629
44 15,913
} 6,507,0CX)
105 5,7)4 ,128
6)},)90
241,701 188,157
8/m,666 5,786,2}9
"
1.682, 191
1,4}),536
nS20 82 •0n
16,059 751.no
7
2,788,80} 2}6,424 816, )75 408,05}
............... ..
.,\,
..... .......
5 11 ,167 591,m
288,687 488,077
154,995 I ,COS ) ,514,474 1,016,164 1,512,773 2.412.489 1,859,OH 1,266,712 95},487 219,854 1}5,5)2 2.477.744
16}.4) 1 1,001 2,9)7.997 849.109 1.77), )41 1.782,298 1 .8l},6}j 1,510,627 7H,515 15~ , 646
181,1)8 2,201,}25
555,40
:mU26
222,286
282,400
11 1,042 7.010.201 11 ,249,))7 362.671
154.154
98 ,-\25 5,612.0)2 9.469 ,059 269,970 139.426
197.711
141.409
2.725
1 1.353
1.49~,2)9
1,246,012
119,494
99,268
1,492,095 ),472,52)
1,4940621 3.712,538 178,-158
256,166 1,618,752 2.')98.947 1,109,124 717,101
799,510 947,919 1,027,785
2,679,093 879,587 490,971 172,)80
2,1)7.]0)
) ,067,026 1.710,725 709.439 531,820 9)7,135 911,027 2,)16,242 854,673 357,844 158,135
THE COMMERCiAL
450
&
INDUSTRIAL MANUAL
Silk and manufactures of: NaruraJ. ..
929,86) 1,191,577
Artificial or ra)'on .. Soaps.
634.913 725,824
Spirits, wmes and male liquors Sporting goods
159,411 )16,184
Search .... Sugar and moluscs ..
Tea ..... ........ ," ....... . Tin , ,nd manufactures of.. Tobacco and manufactures of. ..
611,801 2,605,620 437668 699,628 131 ,243
388,120
lU.704 67,449
185.941 60,8)8
8O.}O8 3,838,221
),5)1 . 14~
64,877 149,116
To)'s .. Vegetables .. Wa x ..
171,))2 1,595.808
'179,848
1,718,40) 361,144
Wood , bAmboo, rauan, reeds and manufactures of.. Wool and manufactures of. .. All other.
4)4,467 488,891 ),171,405
541.912 1,841,405
108,658,213
97.871,200
Total Impons ...
464,494
TRADE OF THE CqMMONWEALTH OF THE PHILIPPINES WITH THE UN ITED STATES AND FOREIGN COUNTRIES
First H;tIf Year, 19)7 ( B)
QU:l.ntity :l.nd V:l.ll1
of Prindp:l.l Exports 19}6
19}7 Articles Quantity
Ab:l.c:I. ( Manila Hemr) and otheX vegetable thereof; \ AbaC:l.Gr:l.de-
6b~rs
V:l.lue
Kiln
F. L 5-2..
J-l.
$-3 .. . G .. .
J-2.
H ...
K .. L-l..
L- L M- l
M- 2. D-L. . D-M .. Y- I..
y-,
Y-} ..
E ..
0-1..
0-2
o-} ..
T-l .. . T-2 .. . T-3 .. . W .. AD-2 ... .
.. j.
V:l.lue
and m:l.nuf:l.cture$
PUDJ
Kilos
3,718 488, 312 540,516 1,577,678 2,643.496 2,177,821 2,408.400 1,127,25} 2,626,452 1,6)8,270 596,075 2,137,292 532,197 1,208,415 806,198 368,631 184.780 4},707 4,781 176,482 2.552,3)8 93,106 25,191 }3,726 81,051 38,515 214,770 264,357 371,828 150,029
127 19,736 743,)22 1,213,900 3,148,969 4,060,909 5.534 ,910 5,204,471 4,085,323 9,614,519 5,227,502 2,682, 187 7,316,139 1,661,708 ),294 ,949 2.442,845 1,075,762 6)0,985 17},9)8 16,829 89},601 8,605.534 408,345 129,921 166,859 318,416 265,402 1 ,)91,757 1,664,1l4 1,305,613 299,932
T-A.
A-B .. . C-D .. E..
Quantity
5,441 875,}88 986,07} },912,727 7,461,105 6,597,739 7,404,171 3,9}5,041 8,908.528 6, 210,281 2,266,123 8,845,525 2,314, 451 5,698,704 3,670,149 1,931 ,219 991,166 281,465 19,105 752,429 13,748,019 637,563 107909 176,220 506,002 209,488 1,199,605 1,793,902 2,25 2,3)2 481,33)
PUOJ
100 7,195 261,99 1 403,422 976,580 1,259,816 1, 576,970 1,495,200 1,029,661 2,359,924 1,097,199 519,922 1,220,960 242,955 393 ,239
:m ,646
116,1O} 65,871 14,125 2,864 1')4,436 990,550 3},402 22,125 20,779 29,01} 27,280 142,642 145,182 153,535 7},748
PHILIPPINES
4)1 6,4S} 107,')26
AD-3 AD-y ... . AD-T. . .
8.476 99,050
9,667
I ,XlI 26,278 2),869 136 1,262
1),915
2,090
94,427,200
25.168,231
7},777,S23
15,199,027
12},972 179
S;lmple . . .
Oiled .. TOIlil abu:a.
C, nronGrade-
KiI~1
l.
2.. 3.. 4..
X.. Toral Camon ..
MaguqMR-l.
3... Y.
0 .. T . .. ..
.
"
TOta l magucy.
PacoJpeL-X .. Siul-
SR-l. 2
3.. Y.
. . . . . . .. ..
\'
.. .
\
..\:.
S
~rr:' ~~~j:.: .................. Desiccated and shredded coconut Other .. Total fruits and nUts.
4,800 245,E98
699,166 ]1,626
92,978
3,16)
4,925
16,951
256 46,]99 986 6,728 1,070
2,mol»
355,4)7
689,807
55,439
1,')32,677 6,936,6)1
25),658 982,814
',9)3,048
229,382 6}4,498
1,532,170 34,915 58,065
202, 136
10,094,459
6,846
2,488 4,037
\,445.m
85.515
8,787
""
40,571
:m,993 12,777 98,923
7,OH,966 2,SH,s36 99,9)6
188,658
179,977 3,936 3.937
11,740,144
1,051,730
00 51,788 7,859
1, 139 300
81
52,247 616,947
100.298
1,519
lOS
77,496 1,007,304 2,29}
. .... Ks.
4,591,504
}97,}48 177,816 2,On 1,7}2 ,210 48,218
84,089 408,481 1,984 },5i},400 20,772
301,101 86,266
. .Sq. M.
Total Sisal . .
..... ... .. .. ..
1,541 20,121 6,840
Ki/~I
24,668 1,581,505 35,168
232,762 331,432
• ... -11 .•
BUillal fibers . . ... . .. Other unamanufacrured ' fib~;$·. ·.· Clo ths. Cordage .. Knoned abaca .. Laces. Other manufactured fibers .. Breadstuffs: Rice. Other.. Cement .. ... . ........... Chemicals, drugs, d)'c and ' ~l~d'i~i~es: Cutch. ... ... . .. . . .. . . ... ' .... Other ... Copper ore .. Cmmium ore . . Embroideries : COnon . . . . Silk ... ..... .. ..... Fi$h and 6sh produclS. Fruits and nuts :
57.ssa
. Ks.
30,)64
7S2 49,H4 . . Ks.
1,989,6}9
26},243 2.696
}69,}02 }}5,790
. ... Ks .
2,529,694
. .... Ks. Ks.
1,858,030 17,101,174
}04,76} 100,533 97,416 }}7,054
lSO,OSCi
2,926,6}1 128,588 39,152
. .... Ks. . Ks. . . .. Ks.
6},452,482 47,869,3O} 19,5}6,511
1I ,940,S52. 2,}1l,625 6,8}7,566 1,10},467 22,19},SIO
2,820,184
24
799 1, 206,504 28,166 1,191 29,061 61 ,518 1,0}1 7,630 }31 ,098 38,698
1,507 896
36,740
184 ,797
4, 575,058 51,SlS 72,32.5
144,001,960 52,869, IS9 15,610,044
n,558,40S l,H},}69 4,On,6SS 118,%1 19,303,923
THE COMMERCIAL & INDUSTRIAL MANUAL
452
Ginger·ale or non alcoholic beverages. Glue .. "" .. "' '" .... ", ........... '" Gold , silver, and manufactures of: Bullion .
Orc ..
.Lt. ... Ks.
1,16) 69.7'il
.LOZ
565,319 2,872,878
. .. Ks.
Others ..
'17
14,760
'50
162 1,714
11 ,824,941
4]1,228
9,}44,82S
1,288,929 343
1,606,931
695,467
7.242
Kjf~1
Gums and resins: Copal .. . Ekmi .. . Rubber .. All ocher. Total gums and resins ..
K;/~s
826,818
187,97}
201,795 171,153
37,}80 159,962
1,199,766
385,}15
987.839 8}.65Q
147,795 700 1,219,984
176,127 21,572 71,987
"
269,780
Nllmh.r.l
Hats : Abaca .. Bamboo ..
'86
BUn!:l.1.
Buri. Straw All other ..
Hides and skins. Ore .. Iron and manufactures: Scrap and old. Le~d 01"(: ••
Malt liquors. Manganese ore ... . Matches .... .... ... .. ' Moluses and syrup ..
. ..... Ks. . Ks. .... Ks. . .. Ks. ........ Ltrs . .. Ks. .............. . .. Ks. .. Ks.
4,976 12,487 10,890
2.782 26,)77 14,s39
196,881
}}6,121
872,621
296,430 1,399 600
Pearl unser Shells: inmanufacmTedGreen snail..
, ..
. . ... Ks.
"
!}.
7,226
10 32S,S}Z I}I 52,702 5,865
231,847
384,396
29,191
478,828
107,120 1 , 2~2 , 39~
164,964 2,700
1,311,424
19, 512
',040 ',060
44,13~
7.799
:m,l60
21,249,110
259,443
19,077,186 2~,916
Kif" 73,721,877 514,639
1l,6'jO,692 117,171 7,477
~9,7~4
9,436 1}5 8,071
,...
4S 28,640
8,270
64,448,366
19,120,744
74,265,56~
11,783,628
20,193 12,781
9;440 2,220
7,326 8,388
5549 7,150
43523 J4l 128,763
36,173
60,456 7lS 60,525
45,913
3,901,792 23,~7~
}7,440 2O~,494
""
31 ,740, 28}
''""
.
"
17 194,025 1,3]6
28~,858,484
31~,907,308
64,290,607 96,909
Totilloils ..
Mo! her-of-Pc~rl .
292,0}1
"'.
KiI~,
Oi15: Coconut . . Coconut edible. I1ilng-ililng .. Lumbang . .. Others ..
Torcoise pearl . Tracha pearl.. Window pearl. OThers pearl.
'90
168,04)
156
26,497
as
I.
2,27~
1}6
18,792 PlIOI
ManufacturesPearl bunons .. . Others ............ . Shocs. Slippers. Soaps .. Spirits, distilled: Alcohol.. . Others .. .. TOtal spirits ... ...... ... ..
302,049 6,193 2},455 11,296 1,545
347,472
217,420
5,153 14,400 9,369
',llI
.Pf.Lt$. 714,0}8 . Pf.Lts._ _ _ :.:'::',::"::7
25,643
551,170
47,972
86},695
57,O}5
. Grs.
442,166
. . . Prs. ........... Prs. . Ks.
18,165 7,770
1~,852
5,959 8,337 1,623
__--='::' ,::":.:'~__I:,":::,::.7""_____='.:.',::':...'" 709,908
87,}06
PHILIPPINES
"',
Sponges.. Sugu :
453 J,O}!
ll,l}S
886
),4}4
67.094,118 100 8,161,197
87,861.424
-l},O-H,-l66
Kif.1 656,267,571 2,000 ]8,02S,40}
552,645,066
15,255.415
694,29~,974
9-4,881,82)
4.945,406
1,798, 261
2,715,275
ns
6,989,785 89,486,848 6,)89,140
2,726,612 2,745,9')4 15,3)1
671 6S},]60
586,294
Ki!tu
509,599,400
Cemrifugal .. Raw •.
1,200
Relined .... Total Sugar .. Tobacco: Leaf. .
K" ... Nos.
Smoldllg.
.. Ks.
89.4n,+l) .'),030,470 817
Others ...
" ... Ks.
1,461,]')4
Cigars.
.... Nos.
Cigarc n cs
Total (ob:lcCQ.
l} ..
'"
5, 181,005
liD 7,020, 229
663 196,410
5,685,030
Vege ta ble and \'cgctabJe produ(:ts:
Fresh. Butter.
LmI Wood: TimberAdc.
67,4)2 1,285,905
Ks.
48~.726
60,938 72),822
715,909
11,236 156,665
269,296
2.338,053
612,333
1),947
Cu. "-'tltn
Almon ..
Amuguis ..
~~:f:~\:
.Ks. , Ks.
..
),565 75,998 II
35,1 II
253,113
"3
'74
\
'
...
Ap ifong .•. Ard ,-. Balaht ..... Banit i . Banuro .. Binuan .. Solong·eta .. GJau tu. Calum i ... Camagon .. Dao. Guilo... u nipao
10 18
43
3
I ,m I ,I, 13 PtI~S
L:au an red .. Lauan w hiTe. Mang achapui. .. Mangu inoro .. Mafan$ 1 .. lI.1a )'ap Ls ...
Nabo ..... .. Nafra ......
N:lfO... N ato wh iTe. Pa~$ahingin
Pa Ulan...... Palos apis....
'.p' Taogulle. ~~~t::
Noe sped6cd .. TOlal timbe r .
Cu. MaUl
31' 7,061 I 7
'"
6;6,883 1-13,469 I
3 3 6,290 22 109 31 2
II
m
3 16,645
"
3 6,247 2S 7,759
188 49,971 476 55,450
20
53 388 3>6
73
4,602
13
2<0
'18
39,662
22 8,232
U 24,157 118 2.435
2D
'" PtUl
554,697 1,159,309
27,039 70,003
202,117 524,296
41 57,380
l.4J6
25,455 14 2,180
, " '"
I
40S
"
I' ,I 4.759 12 145,844
334
4,24)
11,758
94,410 20
993
!2
3
82
14
III
27
;OS
2,821
24,OS7
6,0-13
)0,891
281,602
2.}17,542
133,529
1,055,105
454
THE COMMERCIAL & lNDUSllRlAL MANUA L
Lumber:
Co.
Co. MII"I
Mlffrl
Ade. Almon.
2
175,067 197,}84 3,264
5,026 7,720
Apitong ..
Dagtican . . . C;dantas. Oao ..
68 71 181 125
5,684 9,895
lanan red ..
25,951
Lauan while:. Lumbayao." . Mangachapui . .
17,044
889,918 472,337
Guijo ..
Ipil .. . .. .. "
Il2
Mayapis. Naml. Palmabrava ..
"5
"
3l
"6
"99
1,101
9.373 5
1
40
191 6,493 II
2,105
1,942 119,981 760 S,SH 42,027
267
177,754 1,60S 6.790 10,728
65.797
2,035,254
61,657
I,8ll,ll,
15
4 2,830
Yacal.
121
Not specified ..
. ... Ks. ..Sq.M .
Vencers. Baskc:rw;l.rc:.. Furniture: . Other wood manufactures . .. \ ....
JI 2],914 18,151
242
6.853 6
Tindalo .. .
Rattan ;Iond reeds.
61.
4,486 18.921 2,933 749,125 416.990
63
'84
"
Palo~apis . . Tangu ilc: .. .
\
41,449
3S
2.582 6,174 1,241
22
TOtal lurube n.."
9,]]2 1,081
84,
1 5
Mangasinoro.
'91
26,473 373.497
1,261
5,660
6,720
9J
7J4
4,654 1,288 ll},841 2,8% 418,609
141,56} 1,799 }85,597
177,7}9,687
171,833,82~
711,225 178,1}7
717,420 108,605
S89,}82 178,629,069
826,025 172,659,8S}
All other domestic products . . Total dOmestic expOrts . . . Expons of foreign merchandise: U. S. Products . C. C. Products . Total re-exportation ... . Grand Total-Exports.
"
SUPPLEMENTAL STATEMENT OF EXPORTS 19}6
1937 A rtieles
Destination Quulllil)
Vullit
Valli' PtI~1
PUOI
JI
CommemorHive Sih'cr coins . . United States . . . China . .. Spanish silver coin . Chincse silver ( oin . . . China ..
1,500 100
TRADE OF THE PHILIPPINE ISLANDS WITH THE UNITED STATES AND FOREIGN COUNTRIES Fim Half Year 1937, compared with First Half Yen 19}6-(C) Values of Imports. Exports and Total Trade by Coumries 19}7
19}6
Countries
United Stares .. Hawaii.
Guam ... POrtO Rico...... Virgin Isbnd of U. S .. . Grear Britain .. . . ... . ... Ireland ... .
Imp~rfJ
Exp~rll
T#fa( T,adt
Impo,tJ
Expp'fJ
PUPJ
PUPI
PUPJ
PtJ~J
Ptl~J
63,816,}40 428,089 49,464 2,628,154 12),396
146,848,226 333,S04 332,523 223,OJO 2,797 7,022,017 8,246
210,664,566 761,:)93 381,987 22},OJO 2,797 9,650.181 1)1,642
Totul Tradt PUOI
62,374,}96 329,795 52,994
1}4,}29,537 264,351 203,994 2,036
196,703,930 594,146 256,988 2,O}6
2,521,964 79,144
3,312,808 17,705
5.8}4,772 96,849
PHILIPPINES 46,011 1,409,679 }1 ,859 9OU27 },87l,741 125 ,}72 1,649,644 51,752 218,191 526,780 445,190 1,462,400 },BI,75}
AU$tria. &Igium .. . Dl:nmark .. France Germany.. Italy .... .. . Netherlands Norway ...
~~~;~.::::::.
Swit1ul&nd ...â&#x20AC;˘.. Canada . .. . China .............. . Jal?ancsc-China ... . Bmi5h E. Indie5 .. .. Dutc h E. Indies .. . French E. Indies .. Hongkong Japan .. . Siam.... .. Australia .. Other couo tries .. Toul ..
46,011 2,400,655 653.174 1,481.}4} S.181 ,S}4 1,049,}30 1,958,215
},052,919 1,612,547 1,948,809 812,898 15,012,69} 1.685,666 2,641,374 795,961
621,}15 578,816 1.309,79} 92},9S8 }O8,571 251,579 28,396 217,S05 7,4}2 611 ,589 1,}08.624 30,195 695,105 488,191 66,007 967,921 11,756,691 178,492 54},405 1,97},854
246,587 744,585 452,622 2,07},989 4,540,:m 107.199 },748,024 2,100,738 2,014,816 1,780,819 16,769,}84 1,864,159 ],184.779 2,769,815
108,658,21}
178,629,069
287,287,282
77,00~
., .......
9~,976
455
]O},}}l
4},}07 876,026 50,552 974,059 2,8S},88} 5},775 1,595,595 H,098 300,61] 475,748 444,167 1,}}},862 2,58},9}} 189,056 1,661,105 1,528,}26 1,114,776 548,279 1},040,}70 5,02} 2,304,362 502,995 97,871,200
577,599 747,954 2,107 ,841 2,H4,0}1 1,46} ,9S4 2,]21 ,509 178,20} 2,755,407 172,617 },680 696,}54 9n ,545 7,117 579,484 }O9,202 19,587 460,284 6,040,}70 207,688 }93,826 l , m ,879 162,619,551
43,]07 1,45},625 798,506 },081 ,900 S,197 ,914 1,517,729 },917 ,194 211 ,301 3,056,020 648,}65 447,847 2,0]0,216 },516,478 196,17} 2,240,589 1,837.528 1,1}4 , 36} 1,008.56} 19,896,6]1 212,711 2,698,188 1856 ,892 260,490,861
NOTB:-The value of 'I'IO,040,292 for Gold Bullion and Gold Ore s~nt to the U. S. is noe included in th~ 1916ligure.
Ma-ao Sugar Central Co., Inc. GENERAL SECURITIES &
INVESTMENT Co. MINING
&
DEVELOPMENT CO. OF THE PHILIPPINES
P,,$UQUIN W"TUP"LU-lLocos NOltTB PROV INCa
THE COMMERCIAL & INDUSTRIAL MANUAL OF THE PHILIPPINES M. & C. ABOLAFIA, INC. HCfld Office: 122 Nueva, Manila-Nationality: Filipin<>-Business: Importcrs of Dry Goods; Gcneral Mcrchandise and Womer.'s Furnishings-Telegraph: Abolnfia-j\L & C. Aboiafia, Proprietors !md l\[anagers. ABRA.CERVANTES GOLDFrELDS MINING CO., INC. H ead Office: Room B 14 Paterno Bldg., Manila _Nut-i onality: Filipino-~egistel'e(l: November 13, 1936--Tenn: 50 years-Business: Mining, Concentrating, converting. Smelting, Treating, Preparing for market manufacturing, 'Buying, Selling, Exchanging, and otherwise prodUcing and dealing ill Gold, Silver, Copper, Lead an~ all kinds of ores metals and Minerals, etc.-Cap\lal Stock: Pesos 500,000.00 dh'ided into 50,000 ,000 shares of the par value of Pesos 10.01 each--..~u.bsc1'ibed Capital: Pesos 100,000,00-Capital Paid-in: Pesos 27,000.00Dil'ectol's: Otto Fmuendorff, Francisco J. Aguado, Sixto Brillantes, Zosimo Rivas, German Alvarez, Jose Gorospe and C. Lardizabal. (Fernando Gorospe and G. L. Lorenzana, are incorporators only) and (L. Ventuta and Lucio B. Cacholn, are directors only)-Tl'eas"Tel': German Alval路ez. ABRA GOLDFIELDS COMPA.NY Head Of/ice,' 9 Plaza Moraga, Manila-Nat-ionality: Filipino--Registen~d: October 7, 1936-Te)-m,: 50 ycars-BII3inus: To search for, Prospect and Explore orcs or Minerals, and to locate mining claims, Ground or lotIes within tile Philippines and Record the same pursuant to the mining laws; to Bore, Drill, Prospect and Mine Gold, Silvel', Copper, Platinum, .Lead, Zinc and all kinds of Ol路es. Metals and l\lincr als, etc.-Nationality: li'ilil)inoCapitaL Stocl~: Pesos 140,000.00 divided into 14,000,000 shares of the par values of Pesos 0.01 each -Capital S!lbs.: Pesos 29,200.00-Capiutt Paid_ in: Pesos 7,300.00-Dil'ectoTs: Agustin Bersamin, Mrs. Frances Morales, Valent.in J. Alcid, Bernar~
do L. Buenafe, Andres Sergio Mexia, Manuel F. Jaramillo, Alejandro Livioco, Virgilio Valera, Presentacion Bersamin , Lorenza U. Hernandez, Milagl'os Buenafe, Dr. Luis R. Acosta, Corazon S. Wie_ neke and Anastacio N. Abad. (Valentin J. Alcid, Agustin Bersamill, Virgilio Valera, Bernardo L. Buenafe, Mrs. Frances Morales, Sergio Mexia and Alejandro Livioco, are directors only)-T)'easurer: Bernardo L. Buenafe, 1208 C. Misercordia, Manila . ABO ITIZ & CO., IN C. Head Office: Cebu, Cebu, P. L-,Uaniia Office : 210-214 General Luna-Branches: Manila, Davao, ctc.-National1l.y: Filipino-Business: Importers ; Wholesal~ Dealers in Wines, Liquors, Drugs, Groceries; ~~anufaeturers Reprcsentatives-Princi)llIls: Ramon Aboitiz, President and Gcneral iUaung<):l'; Vidal Aboitiz, Vice-President; Luis Aboitiz, Serretary-DirectOl'S: JeS\lS Moraza and T. OtshukaA7ItltOf-ized路 Capital.- Pesos 2,500,000,00-Paid-in Cavital: Pesos SS5,OOO.OO--Pa)路 Value 0/ Shal es,' Pesos 500.00-Resel've: Pesos 262,412.88-Tele. flnl/ph Address: Aboitiz, Cebu j Opcce, l\1anilaE(ulf~ Rejel'ence: Chartered Bank of fndia, Australia and China. ACEBEDO OPTICAL CORPORATION Head Office: 428 Rizal Ave. l\1anila- Regilltc)'ed: August 21, 1936-Tef-m : 50 yeal's-B/(sil/e .~$ : To conduct the optical and its allied business tl'allsactiolls, in wholesale 01' retail; to manufacture, buy, sell, import, export, trade or deal ill the eyeglass, etc.-Nationality: Filipino-Capital Stock,' Pesos 49,000.00 divided into 49,000 shares of the par value of Pesos 1.00 each-Sltbscribed and Pnidin C!l.pital: Pesos 10,000.00 all in pl'opel'ty-Di-I'ectOI'S: Dr. F. R. Acebedo. J ose D. Acebedo, Toma s F. Pareja, Francisco Y. Patrimonio Nicolas Cabre_ ra and Lupo Ponievedes (Lupo Ponte\'edra, is an incorporator only)-TJ'easl(1'c)': Tomns F. Pnl'eja, 28l Solana, W. C., Manila, P.I.
THE COMMERCIAL & INDUSTRIAL MANUAL
2
ACME GOLD MINING COMPANY, INC. Head Office: Manila, Philippines-Registered: November 28, 193G-Term: 50 years-Business: To construct, Builci, Operate and maintain mining plants, Mills, Buildings, Works, Workshops, Laboratories, Machinery, Power Plants, Sawmills, Stores and warehouses, and to acquire by grant, purchase or otherwise any proparty or privileges from the government of the Commonwealth of the Philippines, or from any authority, Individual, Municipal or otherwise, and Fulfill and Perform tile conditions thereof, etc.-Nationality.- Filipino--Capital Stock' Pesos 500,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 each-SnbsCl"ibed Capital: Pesos 146,300.00-Capit.al Paid-in: Pesos 84,150.00-Dl~1路ecto,路s: Raymond O. F. Mann, Felix O. Zorrilla, Dionisio Banting, Jr., Jose Fernandt'z Zo' 'ilIa, Rupcl'to S. Rodl'iguezInco}''PoTatonJ : Raymond O. F. Mann, Felix O. ZOI'rilla, Dionisio Banting, J ose Ferna!ldez Zorrilla, Ruperto S. Rodriguez, Elb Akrass, Engr~cio Clemena, Hermenegilda Jonquin, Francisea A. Carino,
,1'.,
Felisbel'ta Rodriguez, Francisco Canonizado, Deog racias Matias, Ping S. England. ACOJE MINING COMPANY, I NC. H etld Office: 307 Samanillo Building, ManilaNationality." Filipino-Business." Mining-Established: October 14, 1935- Authorized Cp,pital: Pesos 1,000,000.00-Paid-Up Capital: Pesos 900,000.00PM Vaille of SJltlIres: Pesos 0.10-TelegTOlph.: "Acojc"-Principals: L. Weinzheimer, President; Rafat'l _A.lunan, Vice-President; Mri> Manuel E. Cuyugan, Treasurer; Eulogio P. Revilla, Secretary; Vicente Aldanese, Dircctor; Flcming & Williamson, Auditors; Eulogio P. Revilla, Counsel; A. B. Latham, Gel!Cl'al Manager-Ba.1Ik Refel'ences: Peoples Bank & Trust Co. ; Philippine National Bank. On January 28th, 1936, an agreement was entered into with Marsman & Co., Inc., to manage the mining and milling operations on oUr Zambales claims. Active development under this agreement was begun on February 15th and has continued up to the present time. No new de,osits of consequence have been discovered during the year as our efforts have been
ABOITIZ & CO., INC. IMPORTERS
&
WHOLESALE DISTRIBUTORS
FINE WINES, LIQUORS, BEERS, GROCERIES PHARMACEUTICAL PRODUCTS EXPORTERS OF HEMP, MAGUEY, COPRA, ETC. Tel. 2-14-29 210 General Luna , Manila
Cable Add: " OPECE" P. O. Box 219, Manila
PHILIPPINES concentrated on development of the lenses which had been effected. The orc which is now in sight, contained in 16 different Jenses, is calculated by l'tIarsman & Co. as follows: Tons Chromite ore of "shipping grade ... 87,000 Disseminatl'd Chromite ore to be con路 centrated by milling before ship. ment 129;000 TOTAL
216,000
We are assured by Marsman & Co. that the foregoing calculations nre very conservative. A sales contract was executed on February 8th ([937), between your company and the United States Vanadium Cor,\"ration, covering the entire output and prodUction of chromite ore which may be mined from production of chromite ore which may be mined from our property. The conditions and terms of the said contract are felt to be very favorable and satisfactory in every respect. The price for the ore has been fixed On a slid路 ing scale oasis, so that the high~' the grade of ore, the higher will be the liquidation price. On the basis of present. production costs we anticipate very satisfactory profits. The price scale contained in the contract has been determined on a peace time basis. In tbe event of war, or a revol ution anywhere in the world caus路 ing an increase in the price of chromite ore in the United Sl.<1tes in excess of $2.50 pel' ton, the con~ tract pricc:~ are subject to readjustment in propor~ tion to su.:-h inCI'eases in the price of ehromite ore. We will Hkewise be entitled to n readjUstment of prices after the completion of shipment of each lot of 30,000 tons. This is practically equivalent to an annual readjustment of prices and is considered by us to be a very favorable clause. Shipment of ore may be made at such times and in such quantities as may best. suit our conve. nience depending upon weather conditions and shipping facilities. The maximum quantity to be shipped annually has been fixed at 30,000 long tons. Production and shipment of this tonnage wilJ en~ able us to carryon all of the necessary work in an efficient and economical manner. We hr:ve completed construction of a pier at our Terminal on the south shore of Santa Cruz Harbor, where ocean~going steamers may load. Ore
3
bins having a total capacity of 10,000 have also been constructed together with all needed facilities to permit of rapid loading the ore aboard ships. Total shipments to the end of the prcscT!t month (November) will aggregate slightl,y in excess of 10,000 tons. We are now prepared to mine and ship 4000/5000 tons monthly provided cargo space is available. We have purchased a half~interest in the prj. vate road connecting our claims with the Provincial Highway under conditions which place the maintenance and operation of the road exclusively in our hands. TiJis is an extremely satisfactory arrangement in ~very respect. Cons\.,luction of our permanent camp at the mine has been completed. We now have housing accommorll.ltions for 600 laborers, a hospital, staff quarters, ufiice, bodega, laboratory, and sh op, all constructed of strong materials. Our wawr system has been installed providing an unfailing ample supply of pure spring water to all buildings. The electric lighting plant is in process of installation at the prl!sent time and the camp will be adequate. Iy lighted before the end of the present month. A mdallic circuit telephone system has been constructed between the mine and the Terminal Of~ fice on Santa Cruz Bay-37 kilometers distant. We fire at present mining from 3 different lenses in order to facilitate Lhe loading and trans~ -portation of ore. Developments to date indicate that the ton nage of these lenses will be in excess of the original expectations. Health conditions at our camp are exceedingly good. W e are partieulal'iy fortunate that there is no malari a in the locality. Labor is plentiful and conditions in general are satisfactory. ADAD Y CIA. Head OffiCI:: 23 Escolta, Manila-Registered: April 22, 1935-Term: 5 years from January 1, 1935-Busi1!ess: To make dresses; To import and export all kinds of general merchandise, etc.Nationality:-Spanish Capital: Pesos 24,424.38Capit.'Jl contributed by each parhler': Jorge Adad, Pesos 8,141.46; Jose Adad. Pesos 8,14 1.4 6; Placido Adad, Pesos 8,141.46. ADAMSON SCHOOL OF INDUSTRIAL CHEMISTRY AND ENGINEERING, INC. R end O,{jiu: 145 Gral. Solano, Manila-Regis. tered: February 19, 1936-Term.: 50 years-Busi-
THE COMMERCIAL & INDUSTR IAL MANUAL
4
ness: Pri ncipally, to engage in the business of con· dueting and Qpemting a school, College, or I nstitution of inslruetibn in the a r ts, sciences and other studies embraced in, or related to, the study of theoretic and pructical industrial chemistry an'.! engineering and other a llied courses of instruction
-Nationality: Greek-Ca.pital Stock: Pesos 250,000.• 00 divided into 2,500 shares of the par value of Pesos 100.00 each-Subscribed and Paid-in Capital: Pesos 100,400.00; Cash, Pesos 2,498.39; Property, Pesos 97,901.GI-Directors: George Lucas Adamson, George Athas Adamson, Alexander Athas Adamson,
ACOJE MI NING COMPANY Balance Sheet as at December 31, 1936 ASSETS Currene Asse ts :
Philippine National Bank- Current 'PI 52,~03 .l8
Accollnt..
Pe[(y Cash. Mine Cash .. , .. .. , ,,. AccountS Recei\'ab~ ... . . Scores .. ........ ... .-... .
36.07 231.21 300.51 825.65 'P153,806.62
Fixed Assets: Buildings., Land ... .................., ... .. . M~ning Tools and .Equipmc:vt. .. . . M L s~ ellaneou5 EquLpment ... .. . .. . Furniture and Fixtures. _... .\ .. . Eng ineering and SuryC)'ing Equip-
M:~n~'q~ip~e~t::""" :\. Firearms.. .. Cars and Trucks .. , ............ \
1.~
Suhscribed9,000,000 Shares of Pesos 0.10 each. . .... 1' 900,000.00 LUI: Calls in arrear.. 149,503.12
},294.}4 120.00 1,056.12 439.18 1,325.35
1,405.25
750,496.88
~6:~ 80.00 2,100.00
9,840.45
\--- -
Mining Property .. Exploration and Dc:velopmenc. Engineering and Sun'eymg . ...
LlABILlTIES Current Liabilities: Accounts Payable .. I' Capital: Authorized10,000,000 Shares of Pesos 0.10 each. . . 1) 1,000,000.00
:PSOO,OOO.OO 7,128.78 1.481.87
508,610.65 12,869.52
Roads and Trails . Organization Expenses : Broker's Commission on Sale of Scock. . .. .. .... .. Miscellaneous ..
'P 22,839.69 2,113.75
2~,953.4~
FLEMING & WILLIAMSON, Cbarumi Acrl1unla,lfl.
~l,821.~5
Deferred Charges- Per Schedu le ..
1'751 ,902.13
P751,902.13
SCHEDULE OF DEFERRED CHARGES, AS AT DECEMBER 31, 1936 Foreshore Lease: .. Listing F~ . Mess.. Hospital and Medical Expenses .. AS5:I.ying. Managing Fee .. Superyision .. , General Expense-Manila. , General Expense- Mine .
P
630.00 1,000.00 2,083.52 643.14 1,779.50 11,000,00 9,088.79 4,390.45 949.?6
1,250.70 21').32 3,591.53 500.00 l' 42,132.91
Trayell ing Expenses .. Postage, Telegramsaod Telephone .. Transportation ... Legal Expenses. Las-Deferred Credits Interest Earned . Miscel laneous Income.
p
310.96
.5O
311.46 P41.821.45
PHILIPPIN ES Santiago
Picornell
and
Plato
Basi] Mathews-
Tr6(lsunrr: Alexander Athas Adamson.
ADM INISTRA CION TECNICA INDU STR IAL CI NEMA TOGRAFI CA INC. Hecu1 Office: 239 Grat Solano, Manila-RegisU red August 14, 1936-TeJ"ln: 50 years-Business : To engage in the production of moving pictures and all other things which ure necessarily connected therewith; To engage in the distribution of moving pictu res produced by the corporation or taken from other sou l'ces-Nl2-tionality : Spanish-Capital Stock: Pesos 1,000.00 divided into 10 shares of the paT value of Pesos 100.00 each-Subscribed arid Paid-in Capital: Pesosl,OOO.OO-DiJ"cctoTs: Jose Nepomuceno, Jesus Nepomuceno, Isabel de Nepornuceno-Trca.slO'er: Isabcl d'! Ncpomuceno, Manila. ADORACION POR
5
Nationality: Filipino-Directors: Tomas Martinez, Francisco de los Santos, Agapito I1u strisimo, Osias Martinez and Arcadio Martinez. ADVANCE ADVERTISING CO., l!.~C. H ead Office: Room 432 National City Bank Bldg., Manila-Registered: November 20, 1936Business: Advertising and Publicity in Newspapers, Magazines, Pamphlets, Direct Mail, Radio Theatres, Bill Boards, Signs, Street cars, Bu sses, Stunts and all other agencies of advertisement and Publicity, etc.-Nationality: German-Capital Stock: Pesos 20,000.00 divided into 200 shares of the par value of Pesos 100.00 each-Snbscribed Capital: Pesos 10,400.00-Capi:e!tt Pai(l~in: Pesos 10,040.00-Direc~ to1'S: Hendrich Luyken, Jean Biss!)n, Armand C. Poulin , Pedro Franco and Jose Reinoso-Treasu.rer : Hendrich Luyken, 1104 M. H. del Pilar, Manila.
L~ 'LIBERTAD
PATRIA SA }{ALAYAAN NG BAYAN He,a d OffWe: 2296 Int erior Juan Luna, Tondo, Manila-Registered: May 16, 1936--Term: 10 years -Business: To love the natjve country and em~ plore God f or 'her liberty in public and private reunions neld by its members an<\, sympatizers, etcPANALANGIN UKOL
AGB'NCIES, INC. Head Office: 6th. Floor, S. J. Wilson Building, 139~14 3) Juan Luna, Manila-Nationality: Ameri~ can-Business: Mine Management, Agencies and Promotions-Established: April 1937-Agents for: Royal Paracale Mines, Inc.; Tigbi Exploration Co.,
ACOJE MINING COMPANY, INC 315 Samanillo Building, Manila L. WEINZHEIMER, President
RAFAEL R. ALUNAN, Vice-President MRS. MANUEL E. CUYUGAN, Treasurer Bank References:
Peoples Bank
&
Trust Co.; Philippine Nacional Bank
Mines located at Santa Cruz, Zambales
Product: Chrome Iron Ore Authorized Capital: Pesos 1,000,000.00
6
THE COMMERCIAL & INDUSTRIAL MANUAL
Inc.-Principals: S. J. Wilson, President, B. H. Silen, Vice-President and Secretary J. George, TreasuTe'7'-Authorized Ca/pital: Pesos lOO,OOO.OO-PaUl-in Capital; Pesos 20,OOO.OO-Par V.~ltte of 8lwires: Pesos IOO.DO-Bank Reference: Chartered Bank of India, Australia & China.
AGNO CONSOLIDATED GOLD DREDGING CO., INC. Head Office: Fourth Floor, eu Unjieng Bldg., Escolta, T. Pillpin, Manila, Philippines-Nationality: Filipino & American-Business: Placer Mining -Established: June 16, 1936-Autho1-ized CCkpital: P esos 1,500,OOO.OO-Paid Up Capital: Pesos 1,500,OOO,OO-Pa?' value of Shares: 10 Centavos-Cable Address: CONAG-Pl'incipals: Benito F. Legarda, Pres., Nicanol' Jacinto, Vice-Pres" Albert 1\1. Eas~ thagen, Treas., Ernesto Y. Sibal, Sec., J. R. Federle, Gen. Supt., Duran & Lim, Gen. Counsel; Directors; Manuel Lim, Chairman; Members: Benito F. L e~ garda, Albert M. Easthagen, Ramon Oriol, Nicanor J acinto, Jose A. Montinola, R. F. Navarro, L. R. Aguinaldo, Miguel Pujaite-Bank Reference: Phil· ippine Trust Co. The Agno Consolidated Gold Mining Dredging Co., Inc., is the result of the consolidation of three Companies, the Agno River Gold Dredging Co., Inc., the Agno Placer Mining Co., land the Dig.Dig Ex· ploration; owning and possessing placer claims in the Agno River District, Province of Pangasinan, extending to the municipalities of San Nicolas, San Manuel, Tayug, Sta. Maria, Asingan and Rosales; covering an area of 5,200 Hectares ~ of 250 Claims; genel'al survey and map of the whole property is completed with monuments of irons and concrete; a preliminary examination on the ground was made by a well Down mining engineer, expert in placer claims. The company purchased a Keystone Drill !I[oJel No. 71 for the purpose of testing the ground. Holes have been dug under the supervision of the General Superintendent; samples for assays were taken and the results have been very highly favorable. AGNO M1NERALS, INC. Head Office: 465 San Vicente, Manila-Nationality: Filipino---B1UJ·iness: Mining Company-Established: 1037-A1lthorized Capital: Pesos 500,000.00 -Paid Up Cu.pitai.. Pesos 125,000.00-P?-incipa/s: Jose J. Roy, President; J. P. Roxas, V ice President;
N. J. C. Corver$l., Secretary Treasurer-Bank Refer. ence.. Philippine National Bank. AGNO·PLARIDEL PLACER MINING COMPANY Head Office: Manila-Registered: November 6, 1936-Term: 50 years-Business: General Mining. Nationality: Filipino--Capital Stock: Pesos 600,000.00 shares of the pal' value of Pesos 0.01 eachSubscribed Capital: Pesos 158,400.00-Capital Paidin: Pesos 80,900.00 Prominent capitalists who are well known in the mining circles in the Philippines are backing the newly organized Agno~Plaridel Placer Mining Company. The company which has an authorized capital stock of '600,000 divided into 60,000,000 shares at the par value of one oentavo (PO,Oll) each was incorporated on November 6, 1936. The board of directors of the corporation include Dr. Jose A. Montinola, president; Don J, L. Fernandez, Director; Mr. C, W. lOOsenstock, Direc~ tm'; J. R. Reed, Db'ector; and Mr. Manuel M. Crudo, Director. The office of the company and that of the Secrcta·ry.Treasu1·er, Mr. C, W. Rosenstock, is located at 124 T. Pinpin, Manila. The Chartered Bank of India, Australia a nd China are the bankers
AGNO-PLARlDEL PLACER MIN1 NG CO. , JNe. Incorporated under thc Laws of the Commonwealth of the Philippines Authorized Capita! Stock Pesos 600,000.00 Philippine CUTTenq'. Main Office; 124 T. Pinpin, Manila, P. I. P. O. Box 400-Cable Address" RoscnstOck" Field Office; Sto. Tomas, Pangasinan Prov., P. I. BOARD OF DIRECTORS Dr . .lose A. Montino!a, Pruidmf. Mr. .1. L. Fernandez, ViU-P'llidmf. Mr. C. W. Roscnstock, Surrrary-Tmnu,tr Mr. J. R. Reed, Mrmbrr. Mr. Manuel M. Crudo. Mrmbrr Messrs. Clarke &. Larkin, C.P.A., Auditors Chancred Bank of India, Australia &. China, BanhrJ This corporation is dC\'c!opinl: 28 association placer mineral claims having an area of 1792 Hectares. The property is located on the Agno River in the Pro"ince of Pangasinan, Island of Luzon, Philippines.
PHlLlPPINES for the mini ng company, and Messrs. Clarke & Larkin are the company' s Auditors. The properties of t he Agno-Pla ridel Piacer Mining Company arc located on the Agno River below the Plaridel Bridge in Pangasin an, adjacent to the
7
Agno Conf>olilla ted . The entire territory is washed by the Agno River which drains the gold fields of Bnguio. Dr. A. D. Alvir, E. M., PH. D., consultin g mining engineer, who has been engaged by the company (CQn!illu<d
AGNO-PLARIDEL PLACER MIN ING Balance Sheet, March 31, 1936 ASSETS
LIABILITIES Currcnu payable-Em ployees. ... !" Capital Stock : Authorized ( par value PesOS .01 each).. 60,000.00 1"'600,000.00
Current Assets :
Cuh : In ban!.:: ... Petty cuh. Gold Dust Fund .. Mine ush .. "
co.
P55.994.S6 100.00
17).45 98.61 P56,:}66·61
' .00
Un:
Accounts rcccivable- EmrIOyec s .... AdnIlccs fOf purchases 0 Gold Dust Gold Dust putch:ued (at COst), •••.
2.70 567.54 159.Dl
Fixed .... 7:ctsa:J cunene a5SC'ts .. .. .. \- .. Buildings- Mine... . ..... 'I.. P Furniture and fixtures-M ine ... ... \ Mines and mining properties. Mine equipmeDt.
Reserved for payment of claims.. Reser"ed for W. W. Millard 1"'57,095.87 Total.
75·34 1j2.98 30.24 257.42
Subscribea- Schedulc..
.,.
Total deferred charges.. TOTAL..
141,600.00
44,160,000 1"441,600.00 15,310,000 f'153 ,100.00
kss-Unpa id subscriptions.
Total fixed aS5(;t$.. Dc:ferred Charges: Organization expenses.. . ... 1"'18,881.93 Miscellaneous dc\·elopmcnu. 2,660.68 Mine exploration . 14.40 Materials and supplies ........... . . 269.98 General expenses-M ine and Manila Office. 2,482.66 Leu-Intere st received .
30,000,000 PJOO,OOO.oo 14,160,000
76,500.00
Paid subscriptions. . f" 76,600.00 Add-Capi ul stock issued and outsunding-Sched ule 2. . 530,000 5,300.00
P24,)09.65 16.50 24,293.15 1"81,905.00
NOles : The Agno-Plui dd Placer Mining Company is a Pbilippine Corporation, Organ iu:d under the laws of the Commonwe alth of the Philippines, witb iu head office at Manila, P.l., incorporated November 6, 19}6, for the purpc)l(: of conducting a mining business with an authorized capital of "600,000.00 consisting of 6O,000,000~hues having a par value of one centavo each, Under the terms of an option agreemen t dated October 29, 1936, the Agno-Plaridd Placer Mining Company has the option to purcbase: twent y-cight claims of the Plaridd Placer Mining Associalion for 1'300,000.00, to be paid in common stock of the Agno-Plaridd Placer Mini ng Company at par, with the provi5ions that 5hould the capital Slock of the company be increased to an amount in excess of '1'600,000.00, the Plaridel Placer MininR Anociation shall have the option to
TOTAL..
1'81,9O}.00
purchase fifty percent of said increase in capitalization at par ";llue . This option agrec:ment furthc.r stipu la tes that Mr. Wallace W. Millard shall ha\'e the opcion of subscrib· in,g 14,160,0CI0 shares of SIOC!.: at pn value at an y time within twO years from the date of incorporation of tbe A$no-Plaridel Placer Mining Company, wit b the condition that demand for payment shall not be made on $uch subscriptions until the shares held in escrow in fnor of the Plaridd Placer Mi ning Associatiou bave been released b)' the Insular Treasurer, and that certificates of n oc!.: shall be issuctl (rom time to time for any part of the subseription when said part $hal l have been {laid in full and u.id certificates arc requeued by Mr. Millard. ( Signed) CLARKE & LARKIN, Auditors.
8
THE COMMERCIAL
&
to investigate the properties submitted a very satisfactory rcpOIt part of which follows: "This )l'operty starts about the place where the Agno Cons(.lidated stops at Palridel Bridge. "This part of the Agno River has been panned and it was found that in places a good amount of fine gold is recovered. This can only be expected because this river in its upper courses drains the Baguio mineral districts. Most of the materials in the l;ver is sar.d some fine gravel. The depth of the alluvium has not been determined but it is believed that it is more than 100 feet. In othel' words, conditions for t.lg scale dredging are ideal if the gold content PH cubic yard is commercial. The only drawback is t he big floods which sometimes occur in this river, but IJrecautions can be taken to forestall them. Besides, these floods bring new materials and more gold to the -property. " It is herl::by suggested that an experienced man in testing placer Pjrounds be employed who can carry out this work efficiently. Wor k of this kind where the margin of profit might be small and wher e great volume should be treated per day so as to make up for low gold contet;Jt, needs a very experienced man, especially as the gold may be in a vety fine condition !'o that approp~'iate gold saving devices will have to be installed 'in the dredges. "It is recommended then!fore that this property be systemat.ically tested by boring at regular intervals, and that for this purpose mechanical drills such as a Keystone or the Airplane drill be used." The twenty-eight (28) association placer claims, which make up the corporation's property, was optioned to the corpora tion by the "Plaridel P lacer Mining Association," This option has now been taken up by the corporation, and arrangements ar e now being madE; to transfer title of the property to the corporation. The purchase pI'ice was P300,000.00, and is l;eing paid in full by issuing shares at par value to the Plaridel Placer Mining Association for the entire amount. These shares are to be held in escrGW until rcleased by the Securitics and Exchange Commissioner. Each assoeiution claim consists of sixty-fou:: (64) hectares of land, making the total area 1,792 hectares. The Jlroperty starts at the lower side of the Plaridel Bri<lge, on the Agno River, in the Province of Pang:lsinan, and continues on down that river to the edge of the Municipality of l\fayambang.
INDUSTRIAL MANUAL A first.clas5 Provincial Road runs the entire length of the IJrOperty on the south side of the river, and a goed Barrio Road runs along part of the property 011 the north side. The corporation has established a field offiee in the Municipality of Sto. Tomas, and arrangements are being madO! with local gold washers who are working sluce boxes on the property, to deliver to the corporation all gold recovered on the proper ty". A) fair amount is paid to these gold washers, who arc operating under a signed contract. The abseMe of boulders on the property makes it a very easy dredging project, and as t he accessibiblity to t he property is ideal in ever y respee~, it will have ver y few working problems to overcome. "It is hereby suggested that an experienced man in testing placer grounds be employed who can carry out this work efficiently. Work of this kind where the margin of profit might be small a nd where great volume should be treated per day so as to make up for low gold content, needs a very expe~ienced mall, especially as the gold may be in a vellY fine condition so that appropriate gold saving devices will have to be installed in the dl路edges. "It is recommended therefore that this property be systematically tested by boring at regular intervals, and that for t his purpose mechanical drills such as a Keystone or the A1irplane Drill be used." The compar.y's property is now being surveyed by a Licensed Mineral Land Surveyor, and steps are being taken to have t he property tested as recommended by the Consulting Engi neer. AGNO VALLEY ACADrEMY Head Of/ice: Malasiqui, Pangasinan-Reoiaten!d: April 8, 1P36-B'IISi,leSR: School for t he ar ts, Sciences and other studies embraced in an elementa r y, High school and Collegiate course of instr uction _ Nat1'onality: Filipino _/lIcorpoI'alo)'s and Tnlstees: Andres C. Jacinto, Lourdes V. J acinto, R'Oman R. Villamil, Marcelino Villamil and Maria C. Magzano. AGNO VALLEY IHFLE & PISTOL AS.SOCIATI ON, INC. Head Offi~e: Dagupan, Pangasinan-Registe,.ed: October 14, 1935-Tel'JII: 50 years-Business: Marksmanship as a means of National Defense, etc. _Natiollality: Filipino--Di"utor: Luis Z. VilJanue-
PHILIPPINES Ya, Mariano Ereso, Luis S. Vallejos, Melquiades Dnyug and Deogracias Tactaquin.
AGNO VENTURE INCORPORATED Head Office: Heacock Bldg., Escolta, ManilaRetlistered: January 25, 1937-Term.; 50 years-
Business: Mining-Nationality: Filipino-Capital Stock: Pesos 150,000.00 divided into 15,000,000 shares of the par value of Pesos 0.00. each-Subscribed atld Paid-in Capital: Pesos 150,OOQ,QO-IncorpomtoJ's: Nicolas Concepcion, Ludovico Hidro80110, Serafin Novella, J ose C. Fajardo and Pedro Ardosa.
9
AGRICULTURAL SERVICE, INC. Head Office: Manila-Reoistered: September 24th 1937-AutJwrized Capital: 100,000 shares (no value declal"cd )-Subscribed Capital: Pesos 117,500.00-Pu.irl-in Capitol: Pesos 35,250.00-B1IBinc8B: Laboratory for Agl'icultural Service- /ncorporatorB: J orge L. Araneta, Rafael R. Alunan, Dr. Jose So· riano, Timoteo Consing, Oscar Ledesma and Emilio Y. HHado.
AGUILING ACADEMY Head Office: Malitbug, Calinog, Iloilo-R egis. tcrcd: January 10, 1936--Term8: 50 years-Busi.
AGUSAN GOLD MINES, INC. Condensed Balance Sheet, as at D ecember 31, 1936 ASSETS Watc;r·Crafr Motor Boat . . . . . . ,. 575.05 Fixed Assets ( ar cosr) Mine Lands ( Book Value) .. . .. \. "'125.00:>.00 Livestod..:. 45.00 Transportation Equipment...... . 80000 Furniture & FixOires-M;I.IIila & Mines... .. 573.l9 Machinery and Eq·lipment. . . 5,lll.04 Roads, Bridges ard Culverts... ... 246.64 Tools and Im plements in Use.. .... 10.20 Surveying (( Engineering Equipment 111.25 131,379.52 ~---=:
Current huets Cash on Hand and at Banks. '1 '))5,7!16.87 Notes Receivable.. ......... .... .. U,251.69 Miscellaneous Accounts Receivable. 3.241.42 General Srores.. 6,249.18 168,529.16 Deferred Cbarges '1> Org:miution Expense. Engineering, Assaying, Developmenr (( Aueumeo t .. Overhead-M;I.IIila ;I.IId Mines .. MisceU;I.IIeou$ ..... , •. ,. D,dwrt: Miscellaneous Income ..
1,610.04
LIABIUTJES .... ND CAPIT.... L Current Liabilities Accounts Payable .. 2,287.42 Accrued Salaries ;I.IId Wages. _ _ '_"_0_04 I' 3.071.46 C3pital Stfck Capifal Stock. A "ailable ............... 1"125,00:>.00 Capital Stock ia Esctow 125,00:> 00 Original Capital Srock Authorized ......... :t"2SO.00:>.OO Inc:easc in Capitaliza[lon. lSO,{x)().oo Capital Stock Authorized.. '1'500,000.00 Subscribed Capital Stock .......... '1'216,975.00 Ddu(f: Subsuiption Receivable.. . 1.900.00 'P215,07S .00 - - -In Escrow, Reserved for Mine Lands. 125,000.00 340,075.00
16,908.28 n,543.44 5,232.64
1> 37,294.40 10,584.84
26.709.56
t> 4,l12.45 8,8n76 2.500.00 38.61
15,674.82
~ial Accounts
aim Abualy ........ .. Advances on Claims. Options ... SlISpeose. Other Assets Construction in Progress.
278.35 1>l43.146.46
(Sgd.) K. H. HEMADY, Pruidtnt.
f 3 n,146.46
(Sgd.) ALBERTO V. GARCIA
&
CO.
urtiftrd Pllbiir Am'lrIlllfllt.
THE COMMERCIAL & INDUSTRIAL MANUAL
10
ness: To give cultural and academic training to the children of the mountain pcopie--Natiollality: Fi~ lipino---T1"Ustees .. Hombono Aguiling, Carlos G. Si· son, Rosario .S. Aguiling, Lorenzo P. Ponue, J avier Gelo, Filomcno Frial, Amanda Zamora, Jose J. Jara Jr., Honoria Guevara and Juan Castor. (Cri. sogona Aguilint adn Pedro Aguiiing, are incorporators only) (and Lornezo P. Porras, Javier Cela, Filomeno Fria!, Amanda Zamora, Jose J. Jara Jr., Honoria Guevara and Juan Castor, <lrc trustees only), L. R. AGUINALDO & CO., INC. H ead Office: Agtlinaldo Building, 500 Juan Luna, Manila-B1'Clmches: In the Provinces-Nationality: Filipino-Business: Importer, Wholesale and Retail 1\ferch.mts-Private Limited Company-Telegraph: "Alarldin"-L. R. Aguinaldo, President and General Manager. A!GUINA'LDO & AGU'INALDO Head Olfief: 465 ~an Vicente, Manila-Business: Stock & Bonds Bro ' rs-Establishcd: 1936-Authorized Capital: Pesos OO,OOO.OO-Paid Up Ca,pital : Pesos 256,000.00--Pm Value of Shares: Pesos 100.00 - ?'eleg1'oph Ad rrss: Agbro - Codes Used: Paterson's International, ABC 6th Edition Bentleys Phras ..s---Di,·ccto1·s: Leopoldo Aguinaldo, Miguel Unson, Tonikio Teodoro, Manuel S. Rustia & Daniel Aguil'aldo---Ba11k Rejerence: Philippine Trust, Manila.
AGUSAN GOLD MINES, INC. Head OlfiGc: 348 Echague, Manila-Incorporated under Philippine Laws---A uthol-ized Capital: Pesos 500,000.1J0-Subscribed Capita,l: Pesos ZI6,975.00--Rescl·ve: Pesos 158,025.00-Esc)·ow Shwres: Pesos 125,000.00-Par Value 01 Shans: Pesso 0.10 each- Dil'ectors: K. H. Henlady, P resident; Halim Ysmael, See.-T,·eas., Dt·. Augusto Cortes, A. A. Brimo, Ludwig Model, Juan Canero and E. O. Parker.-Tecll11ical Stall: Robert Degen, Mining Engineer, with many years of experience in placer mining in Alaska, Arizona, Nevada, California and l\1ontana.-ConsllltinD Engincel·s: T. Uewaki, Licensed mining engineer with 21 years experience in t he Philippines-Bank ReleJ'enee: Philippine National Bank; Philippine Trust Company. ANNUAl, REPORT:
To THE STOCKHOLDERS ACUSAN 29, 1937:
GOLD MINES, I NC., MARCH BRIEF' HISTORY
The Agusfln Gold, Mines, Inlc., was incorporated
on March 25, 1935 with a capital stock of Pesos 250,000.00 which was subsequently increased to Pesos 500,000 by ~tockholders' resolution approved on September 7, 1936. Contrary to the pre.vailing practice of appropl·iating big sums for the salary of officers of mining corporations, it is indeed with much gratification for your Board of Directors to inform you that all officers of your corporation are still serving without any compensation j likewise y<,'ur President has not collected any promotion fee (ordinarily 10 % of the capital stock) nor any commission for the sale of stocks (ordinarily 7 % ) so that your money will be fully devoted to the exploration and development of your rich Hnd extensive properties. At the present time there are two vacancies in the Boal'd of Directors caused by the death of the late Don Wenceslao Trinidad and the resignations of Mr. Elmer Madsen and Mr. Jose Vida\. The post of Mr. Elmer Madsen was filled by ~h. Ludwig Model. TECHNICAL STAFF
In an effort to avoid the sad experience of older mini ng corporations whereby thousands upon thousands of stockholders' money have been wasted thru improper techmcal advice resulting in financial embarassment to t.hose corporations, the first concern of your Board of Directors was directed towards securing the service of competent technical men with sufficient experience, to direct the eXI>ioitation and development of your rich properties. AccordingSoval eff arrived in Manila on October 6, ly I. 1936. Mr. Sovalefi was graduated 'with the degree of nUning engineer from the Imperial TechnoJogicnl nUning engineer from the I mperial Technological Institute of South Russia and then took post graduate course in the High Mining School of U;rbal, U.S.A. He h:,.:; been connected, in a responsible capacity, with the Lena Gold Fi!!!ds in North 8ibel'ia, which is known to be the biggest and richest placer ground in the world; and also with the Ferriera Company of South Alrica Transvaal, Blun!ontein. Mr. Sovaleff is a specialist in placer operation. Upon special arrangement, your Board of Directors could olso consult with and utilize the long and valuable experience of T. Uewaki, licensed mining engineer with 31 years experience in the Philippines; and T. F. Collins, mining Engineer with 20 years experience in the United States, Mexico, South America and Russia.
"T.
PH ILlPPINES PROPERTI ES
fly virtue of a resolution approved by your Board of Directors on August 17, 1936 authorizing your President to sign option agreements on valuable properties, your company has acquired many valuable mineral claims in V3t;OUS places in the Philippines, in eddition to our original placer claims in Agusan containing rich silver, gold and platinum deposits. Many morc are still under option and are being examined by competent engineers.
Reccmt acquisitions are as follows: 100 LODE
(Gold) CLA IMS IN BALER, TAYABAS
For providing registration fees and expenses for staking, we have acquired 70 0/0 interest, tagether with a power of attorney to negotiate the remai nder, on 100 lode claims (gold) in Baler, TaYllbas, knowo as "Santa Teresa Gold Mining Group." Several veins ,vere exposed in this valuable property in the course of a road construction undertaken by the governT1;!,ent and assays gave volucs as high as $108.00 old price of gold. Extensive work on the pl路operty has been going on. Following is the report of the engineer D. S. Clinton, who is in charge of the work in Baler. RE PORT ON '[HE SANTA TERESA: G<>LD MINING PROFERTIES, BALER, T AY~AS
"These properties consist of One (100) H undred fu ll mining claims reco r ded in two lots of Fifty (50) Claims each, so as to conform with the new mining laws. "There are several veins on these properties. The strike of t;lese veins is generally in a northwest, southeast direction and the property is well mineralized. "The first sample taken across the face of the vein averaged $51.00, old price of gold per ton of ore, over a face of 12 feet. A couple of months later on a second inspection of these properties to check up find re-sample it, this vein was divided up in sections and sample No. 4 taken over 5-% foot wi dth of vein showed a n assay of $108.00 per ton, showing the pay streak on this vein to be comprised in this Sample No.4. The Diaboyo River cuts this vein giving a vertical altitude from the river to the top of the vein, as thus f,xposed, of approximately 50 feet. AMut 30 feet in from the face of the vein a s above, the Baler-Bongubon road cuts the vein again in depth from 10 to 20 feet. Thus this vein is already
11
exposed by the river cutting it on one side and the roadway on the other. " It is recommended that a tunnel be driven near the riverbed to cut the vein directly under where the present samples were taken and then crosscut to the hanging and footwalls. It is estimated that Pesos 20,000.00 will be required to develope a large body of this high grade ore. "These mining claims are located at the base of a high mountain \vith the Diaboyo River running d irectly below, giving plenty of water for all purposes at all times of the year and abundanti timber for mining purposes on the property. "These mining claims are located 18 kilometers over a first class new road f r om the town of Baler which is situated on the sea coast of northern Tayabas Province. The jUanila Railroad Company's steamer stops tilere once a month making the shipment of materials and s upplies very readily accessible to the site of the property. Also the property si accessible thru Nueva Ecija province over a first class trail of about 50 kilometers. Mail goes over this trail thl路ee times a week. "In my judgment, the assays and the general geology show these mining claims the best recently discovered in these Islands and will be the basis of a large and profitable gold mining operation. (Sgd.) D. S. CLINTON.
Manila, Philippines: 路December 7th, 1936 . Messrs. I1defonso Coseolluela and Co. have already signed a'1 agreement to explore and develop these properties on a profit sharing basis without any additional expense to Agusan. 40 LoDE (Gold) CLAIMS MAMBULAO, CAM. NORTE
In the heart of the richest mineral district of Mambulao, Camarines Norte, we have also acquired thl'ee groups of lode claims. For the acquisition of these properties, your company paid a nominal amount to claireowners plus expenses fo r registration, staking and survey and giving the discoverer 10'10 interest in the propcl路ty. WH ITE STAR GROUP consisting of seven full lode claims is bounded on the; north, by San Mauricio Mining Co. and Mambulao Consolidated; East, by Mother Lode and Mambulao Gold; South, by Pal'ucale-Tumbaga and West by Membulao-Sta. Rosa. Geophysical prospecting find s urvey of this , group
THE COMMERCIAL & INDUSTRIAL MANUAL
12
is now bei ng undertaken by Developments, Inc. on a profit-sharing basis, and aU expenses to be borne by the development compa ny. GOLD QUEEN GROUP consist.ing of 14 fuJI lode und 3 fractional claims, and Columbus G)'oup consisting 17 full lode and 3 fractional claims are both under operating contract by Mine Operations, Inc. on a 50-50 profit sharing basis, without uny additional expense to Agusan. These two groups are also in the vicinity of the White Start Group and arc also s urrounded by companies whose shares an:! now selling high in th e market. While extt!nsivc work has been going on in these properties, no report has been submitted so far. From all indications, however, whatever expense has been shouldered by your company will be richly rewal路ded. 24 PLACER (Gold) C .,A IMS IN NAGUILIAN, LA UNION Without an.y cash ~nsideration, but only on a profit sharing basis 80~20 (80% for Agusan and 20% for the claimowners) of the net profit, we have recently exercised t.h\ option to operate 24 placer claims, 8 hectares each in Naguilian, La Union. Before we exercised bhe option on the pro~ perty. your engineer Mr. 1. W. Sovaleff explored and tested the property thoroughly, stayi ng there over three months. The option was exercised upon his favorabl e recommendation. MAMATING
&
GED~DAY
PLACER
(Go/d) CLAIMS
This property is situated ncar the town of Cusing, La Union and is adjoining our Naguilian property but is further dowll the stroker of Nagui~ Ii an Revier. OUI' s ix months option on t his pro~ pcrty calls for a cash payment of Pesos 2,400 and 200/0 of the net profit. I n view of the fact that these claims al'C a key to our properties up stream and dredging opct'ation s could be undertaken with~ out much additional expenses, our option will Pl'O~ bably be exercised. Following is an excerpt from the l'eport of JI.'lI'. Sovaleff. " Regarding the Ged~Day claims, where only three holes were made, the assay shows that therc is good gold on the surface and 5 ft. below surface and the boulders are few below surface and no boulders at aU on the surface. "The Ged~Day claims can be worked by means of a dl'edg-cr or the drag scraper and sluice boxes
can be used having a big advantage of a mueb cheaper installations and simple operations. "Having in view very fine gold, I would prefer to use long sluice boxes (about 250' long) instead of the dredger. "Another nclvantage and a very important one, is that all hcavy machines can be easily brought direct to the spot as from Bauang (railway station) to the spot where the machines ,viII work, there a r e good provincial roads leading dircct to the placer areas." SOME P ROPERT IES UND拢 R OPTION
In addition to the above enumeration , thc Agu~ san Gold Mines, Inc. has an option on the follo\ving properties: (a) 48 ki lomcters long of placer (gold) ground a long tho Pampanga lliver from Rizal to Caran l(lan . This pr operty is now the subject of a negotiation with a oortain American firm for operation un~ del' profit sharing basis without any ad~ ditional expense to your corporation. (b) 50 lodc (good) claims in Albay. Ten samples submitted gave assays of 3 nill; 1 trace; and 1 at $2.48; 1 at $24.80; 1 at $157.09 (old price of gold) and the rest at $0.40. (c) 30 iron claims in Aparri, Cagayan. Sam~ pie assayed 579'0. (d) 40 lode claims in San Nicolas, Pangasinan. Samples gave trace to $3.27 (out CI'Ops) old price. This property h as been inspected by a development company and is now the subject of negotiations. It must be clearly borne in mind that your Board of Directors docs not contemplate to under~ take t he exploration a nd development of a ll t bese properties, but transfer whatever r ights we have to other entities under more liberal terms. OPERATIONS & EQUIPMENT On March 13th last, engineer, Mr. J. W. Sova~ leff, left for Agusan to start operation in Tagban~ ahan. Consh'uction of bodegas, officers' and laborers' camp and quarters is progressing well. Machinery and equipment in Agusan at present include : (1). one sluice box 160 feet long ,vith "Robinson and H ungarian" riffles; and (2) One Diesel Driven Centrifugal pump with a capacity of 800 galons a minute for 40' head. Production figures will be sent to you immediately as soon as Mr. Souvaleff s(路nds his report.
13
PHILIPPINES Within 30 oays from the annual meeting, the following additional machinery will arrive in Agu-
san from the United States: (1) One
Crescent Hydraulic Scraper with CaterpiIlar, tractor, (2) One Diesel Driven Centrifugal pump with capacity of 2,400 gallons per minute (10 inches in diameter). (3) The S luice boxes wiII be correspondingly enlarged to' 200 feet to meet increased haulage.
The crescent hydraulic scraper with tractor will have a haulage capacity of 85 cubic yards pel' hour or a total of 1,700 cu. yards in onc day
with 20 working hours (allowing 4 hours for meals and changing shifts). Considering that your propIn-ties in Agusan are rich in platinum, gold and silver, and further taking into considcl'ation that test holes in the Maiho Group gave vnlue of Pesos 1.03 and Pesos 1.73; and f~m Pesos 2.00 to Pesos 4.00 in the Masago Group, per cu. yard (old llrice of gold), with complete machipel'Y and equipment hauling and cleaning 1,700 cu. yards in 20 hours, it is not unreasonable to be expcc~ed that big production will place the A'gusan Gold Mines, Inc. among the leading dividend paying inve~tments not long [l'om today. All machinery and equipmenJ in Agusan had been very carefully selected to suit loca l conditions and could be transferred without much expense. There was a little delay in determini11g the type of machinery because your Board of Directors did not want to commit the mistake of ordering equipment and machinery that do not fit local condi tions and consequently berame "junk" before part of their value is recovered. Although production has been somewhat delayed, we feel that this delay is justly compensated by the certainty that wasie has becn eliminated. ORE RESE:R\,ES
In view of the. difficulty of making exact computations of ore reserves, figures in this report were taken from conservative evaluations by mining engineers whose I'eporls are on file. Conservatism is necessary in order not to give the stockholders ground for too much expectations and dreanls for fabulous wealth. Following is the computation of various mining
engineers who have evaluated your properties: AGUSAN PRQPER
Maibo-Bilay GroUI) .â&#x20AC;˘ I' 437,700.00 Tagbanahan & Tman. Group 102,600.00 Camayahan Group (Estimate) 2,216,500 .00 Masago Group 260,000.00
P3,016,800.00 J In the opinion of Mr. Sovaleff, the evaluation of Mr. Agonias, mining engineer, was not accurate because he did not take into consideration high bar benches which covel' a considerable area and where the re is an accumulation of coarse and fine gold. " I have carefullY checked the report of :Mr. Agonias, Engineel', which I consider rather conservative," he concluded. Mr. H. C. Skeels has this to say about this property afte!' staying there for over one month : "The uppe>: and lower districts carry high values of platinum and silver as well as gold. An especially high content of platinum was noted in the Masago Group. A particularly large area was discovered on the north end of the i\lagomieo No.9 Claim of the Masago River at the mouth of the Sumile Clieek, which carries values enough that no further prospection is advisable. However, it would be advantageous to drill this entire river bed deposit for complete satisfaction a s to the exact values enclosed. It is my option that this dCllosit will nln between Pesos 2.00 to 4.00 ller cubic yard. "Total yardage in three groups in rough figures is 4,541,300 cuhic yards. "These figures do not include the dredging area within the bouncial'ies of the Charity, Independence and the Commonwealth Claims, recentl y added to the company properties. This area will run into thousands of yards of the best dredging materials." Mr. T. Uewaki, licensed mining engineer with 21 years ,'x-pel'ience in the Philippines says in purt: "As a rule in most of the placer grounds the pay stI'eak is found directly above the bed rock having sometil;les valueless th ick overburden, but in this propert:f all the gl'avel from the surface to the bed rock may be said to be workable except a little drift sand occurring here and there." Mr. !E. 'V. Bedford, mining engineer, connected \vith Marsmnn and Co. and assigned at North Mindanao Mining Co. at the time, also examined the property and r e.ported as follows: During the examination, many pans of gravel were reduced, f'.ud, with few exceptions, the results
14
THE COMMERCIAL & INDUSTRIAL MANUAL
were indicative of a high gold tenor----cspecially in the favorable arcas outlined. The particles are classed as preclc..minantiy fine to very fine with few flecks that basis of careful cnsideration when planning for the would be designated coarse. This feature present~ a gold saving plant. . . inasmuch as relatively little sampling has been undertaken in bench bars it would seem that some unestimated source exists there. EVALUATION
OF
24 CLAIMS IN NAGUlLlAN
1,280,000 cu. yards in 3 claims, (dredgeabJe area) Bocro, Bommotobot & Tanged claims @ 1"0.78 per cu. yard... I' 998,400.00 1,935.360 cu. YU1'ds in21 claims up steam (not dredgeable area hence drag scraper operation recom'mendel @ .p-.l00 per cu. yd. I) 1,935,360.00 T otal ... \ .
P 2,933,760.00
It must be remembercd that these claims were acquired by your company ithout any cash consideration, but on an opcrat\ng contract of 80-20 (80 0/D for Agusan) of the ne\ production. Mr. I. W. Sovaleff explored and exami ned the property for over three months and reported to your Board of Directors as fQllows: "Referring to my rcport dated 2nd March, 1937, I have the pleasure to give the additional information rcgarding the available yardage for drcdging operations and for the sluice boxes. " In my report of 2nd inst., I have mentioned the available yardage on 3 dredgeable claims: Bocro, Bommotobot, Tanged and cross, total about 1,000,000 cu. mâ&#x201A;Źters or about 1,280,000 cu. yards. "These 3 clredgeable areas have the value in average 78 centavos per cu. yard judging from the tests made at a maximum depth of about 20 feet. Near the bedrock, the value per cu. yard will be probably highet', '''When wor1cing with a suitable dredger and other favorabll! conditions considered, it is probablc that the eost of production, including concentration of black sa nd and coarsc gold, will not exceed 30 centavos pel' cu. yard, including nil local expenses, manual labour, power etc., but excluding the expenses of the head office, taxes, etc. " The other 21 claims are equal to 168 hectares, each hecture is 10,000 sq . m. or 1,680,000 sq. m. These 21 claims cannot be considered work-
able as some of them are difficult to pass and I am taking only 309'D for passable and workable area, this will give actually only 504,000 sq. mt. At an average depth of excavation in local conditions, say, not exceeding 3 meters, we shall hnve about 1,512,000 cu. m. or equal to about 1,935,360 cu. yards . "The valuation of the gold bearing layers of these 21 claim!; must be taken as minimum Pesos 1.00 per cu. yard if escavation will reach bedrock or depth not less than 20 ft. below water level (in January). "The dredger will have loss of difficulties to work on these 21 claims and I would not recommend to try it, another difficulty is that the gold is distributed very unevenly and dredger is economical only wher. it can work without any interruption, starting from the end of the claim and finishing the work at the other end of the claim. "For exploration of the deposits on these 21 claims I would rather , recommend some simpk, light weight, semi-portable equipment such as portable excavators, drag scrappers and for washing the gold, portable sluice boxes, portable placer machines, portable suction pumps with placers, etc. ,JThe cost of production of black sand and coarse gold on these 21 claims, utilizing the above light weight machines and sufficient manual labour ..,Yill probably <,.mount as maximum to 50 centavos per cu. yard." (Sgd.) I. W. SOVALEF. It must be borne in mind that the total valuation of Pesos 5,950,560.00 worth of ore reserves is a conservative estimate of the gold content of only two groups of properties. This does not even include the 21 claims (placer) known as the Mamating and Ged-Day groups which are adjacent to our property in Naguilian. We hold a six-month option over the Ged-Day and Mamating groups and in view of the fact that they are a key to our property up stream and could be operated at small cost our option will, in all probability, be exercised. Neither do~s this estimate (Pesos 5,950,560.00) include the ore possibilities of your lode claims in Baler, Tayaba,s and your three groups of lode claim in the rich Mambulao district, all of which will be developed on profit sharing basis, without any additional expense to your company. CONCLUSION
No effort was made by your board of directors to l'ush the purchase of machinery to place your
PHILIPPINES properties in the production stage. On the other hand we gave your engineers nil the time they needed to study (lUI' properties and mature their plans so that expensive mistake would not be com路 mitted. You are probably aware of the fact that others have wasted a lot of money in the purchase of m.achinery and equipment that did not suit local conditions. We are certain that our properties have very rich deposits; these deposits will be extracted in due time, without the necessity of resorting to hazardous technical mistakes. We have presented to you the possibilities of all yOUl" properties, and knowing that your company is capitalized at Pesos 500,000.00 (only Pesos 216,975.00 is subscribed, the balance a r c reserved and escrow shares) dividcd into 5,000,000 shares of the par value of Pesos 0.10 each, it is up to you to figure out how much your stock should be worth. TilE ROARD OF DIRECTORS AGUSAN GOLD MINES INC. HE~IADY, President.
K.V.
AGUSAlNON LUMBER & CO., INC. Head Ofjic(;: Butuan, ,,"gusan-Registered : April 11 , 1935- T erms: 50 years-R1tsiness: To acquirc, construct, maintain and operate sawmills, machinery, and appliances whicQ may be used in a lumber enterprise and to do all business incidental thereto or shall be done in connection therewith-Nationality: Filipino---Capitat Steak: Pesos 60,000.00 divided into 600 shares of the. par value of Pesos 100.00 cach-Subscribed CalJital: Pesos 18,700.0O--Capital Paid: Pesos 12,000.00 Pesos 7,450.00 in cash; Pesos 4,550.00 in property-Directors: Ong Yiu, Mar Con, Antonio Fertun, Saturnino Libarnes, Seguudo Buranday, Vitalians Demain , Elegio Rosales, Escolastico P. Ato, L ucio Tio and Maria Bnlngn. (Lucio Tio, is a director only)Trea8lLrer: Escolastico F. Ato, Butnau, Agusan. A!LBERT, MALLARES & CO. Head Office: Corner of Vito Cruz & F. B. Harrison, Manila-Registered: January 14, 1937Term: Five (5) years, from NO\fember I, 1936Business: Gasoline station-NaHonality: Filipino -Capital: Pesos 5,000.0O--Capital contribueed by each. partner: Paulina Vda. de Albert, Pesos 5,000.00; Manuel Albert and Jose ~ral1ares both two are industrial partners.
s.
F. ALCA~TARA & COMPANY
H ead Office: Rooms 221-223 National City Bank Building, P. O. Box 305S-Branch Office: 19 Rizal
15
Avenue, San Pablo, Laguna, P. I.-Bl/sinus: Certified Public Accountants-Principal: S. F. Alcantara. C. ALDECQA & COMPANY Head Offir.e: Manila- Branch: I1 oilo---Natwnality: Filipino-Established: November 1936-Bllsiness: Stock and Bond Brokers; Member s of Manila Stock Exchange-Private Partnership-Principals : B. de Erquiaga, Manila Manager and Member of the Firm; C. A!decoa, Iloilo Manager and Member the Firm-TelcUI"aph: "Aldecoa"-Bank Reference : Bank of the Philippine I slands ; Chartered Bank of India, Australia and China . AJLEGRE & COMPANY Head Officc: Manlia- Registered: October 2, 1936-Te.,..ms: From Octobl.!l" I, 1936 to December 31, 1937-81ISinI18S: Brokerage-Na.tionality: Spanish-Capital: Pesos 100,OOO.00-Partnership between Brothers-Capit(ll cont,"iimted by each part_ ner: Carlos Alegre, Pesos 50,000.00; Ramon Alegre, Pesos 25,000.00; Jesus .4Jegre, Pesos 25,OOO.00~ ALEGRIA-S!UJRlGAO MINING DEVELOPMENT' COMPANY, I NC. H ead Office: Iloilo, Iloil o-Registered: November 6, 1936-T 6T1nB: 50 years-Nationality: Filipino---Business: mining, milling, exploring, concentrating, converting, smelting, treating, preparing for market, mnnufacturing, buying, seiling, exchanging, and ether -wise Ilroducing and dealing in gold, silver, COPller zinc, brass, iron, steel and all kinds of ores, metals and minerals, etc.-Capital Stock: Pesos 500,000.00 divided into 5,000.000 shares of the par value of Pesos 10 ench---'Sltb8c1"ibed Ca.p ital: Pesos 325,000.00-CaqJital Paid: Pesos 98,OOO.OO-Di,路ectonl : Timoteo Consing, Feliciano Consing, Mariano Cacho, Jesus Cacho, Jose Cacho, Ramon Yusay, Nicolas Borromeo, J ose Soriano, Manuela 'L. Soriano, Augusto Locsin, Jesus S. Rodriguez, J ose Locsin, Juan G. Araneta, Segundo Montilla and Carlos Hilado. (Jose Cacho, Ramon Yusay, Manuela L Soriano, Jose Locsin , Juana G. Araneta, Segundo Jl.lontilla and Carlos Hilado, are incorporators only)-Trca8lu路el": Nicolas Boromeo, Iloilo, 'Iloilo. ALFONSO TAN & COMPANY H ead Office: Manila - Registered: January 1936-Terms: Five (5) years, beginning Janullry, 1935---Business: Copra, etc.-Nationality: Chinese
16
THE COMMERClAL & lNDUSTRIAL MANUAL
-=-Capital: Pesos 24,OOO.OO-Capital cont,;bu ted by errol" parh!cI': Alfonso Tan, Pesos 3,000.00; Tan Teng Ka, Pesos 3,000.00; To Ma, An, Pesos 3,000.00; Sin Bon Ching, Pesos 3,000.00; Sy Chiong, Pesos 3,000.00; Jon H eng , Pesos 3,000.00; Yao H ap, P esos 3,000.00; Ang Go Hock, Pesos 3,000.00M antLger: Alfonso T a n. ALHAMBRA CIGAR & CIGARETTE MANUFACTURI NG CO. Head Office: 31 Tayuman Str eet, Manila, P. L B usiness: Manufacturers of Cigars, Cigarettes and Smoking T obacco; Exporters of Leaf Tobacco--E stablished : 18DB-T elegraph Address; Alhambra -Codes Used: All Standard Codes. The "A lhambra Fabrica de Tabacos y CigarrilIos" was foundfd towards the end of the last century by a group of Manila l'esidents of various nat ionaliti es, bm, soon after came under t he control of the firm of ](uenzie & StreifL The factory was then located in Novaliches street, district of San Miguel, Manila, and wa~compose d of but a small, old-fashioned Spanish t,~o-story structure, which housed cigar-makers' room, packing and shipping departments, cigarette factory and offi ce, Due to the energetic management, both commercial and tech nical, the fa~tory soon started to grow, The demand for Alhambra cigars and cigarettes increas('d; additional buildings had to be erected and eve!'y nook and corner utilized, In January 1912, t he "Alhambra Cigar & Cigarette Mfg, Co!' was incorporated under th e laws of the Philippi ne I slands, At about the same time the factOl'lI started its own organization for the direct purcha~e on a large sca:a of its raw lenf requirements from the growers in the Cagayan Valley, which made the factory independent of Manila leaf dealers and middlemen and enubled it to select and buy the best tobacco leaves grow n, Since t hen a considerable buying staff of well t rained tobacco experts was maintained and neither effort nor expense s pared to kee p the numerous Alhambra warehouses well supplied with healthy, well matured and first class raw leaf tobacco, Alhambra Quality became famous not only in the Philippine h.iands but t he world over, and steady markets wer.:! secured in t he United States, Chi路 na, Indi a , Australia a nd a number of other tobacco importing coun t ries. The Alhambra was also the first to begin using light Sumatra wrappers fo r high grade ciga rs, !lnd ever sin ce its products have re路
mained the acknowledged leaders in style and quality, In the year 1926, having outgrown its old quarters, the facto ry moved to its own new buildings in Tayuman Street, These had heen laid out carefully on a 4 % a Cl'e lot, along modern lines. When making the plans, the management considered not only arrangements for an efficient manufacturing process, but had the welfare of the laborers in mind as well . Spacious, well lighted and ventilated work路 ing rooms were provided, in addition to hygienic facilities. But even then the factory continued expanding, Every year sees new additions in both area and equipment, and to.day the Alhambra occupies a floor space of over 100,000 sq, ft not including warehouses and branch factories, About 2,500 laborers earn their daily bread in the Alhambra, ALLIED COCONUT PRODUCTS, INC, H ead DINce,' Manila-Nationality .' Filipino-Bllsiness,' Coconut and Vegetable Products, etc,Elllo,blished: September 9th" 1937---Capital Stock: 2,000 shares of stock of no par value,-Capital Subscribed: P2 ,000.00-Capital Paid: P500.00-Incorporatar,: A, L, Escueta, C. P . Unson, R, E, Northrop, Jose b-L RalTcdo, Edgal' Bond, Jose V, Cruz and Sofronio Mabilin. ALLI ED INVE~TMENT CO" I NC. H ead Ollice ,' 217 Crystal Arcade, ManilaReglstel'ed: September 17, 1936--Term : 50 year!'> -Nationality: A merican-Bulllness,' Investment in property, and to loan money upon note, mortgage, pledge or othel' security, for purpose of investment or otherwise, etc,-Capital Stock: Pesos 400,000,00 divided into 80,000 shares of the par vnlue of l- esos 5,00 each,-Sltbsoribed and Paid-in CapitaL' Pesos !l. 00,050,00; Cash, Pesos 19,090,00; Property, Pesos 80,960,OO-DiJ'6ctors: Messrs, H. 0, Bauman, Pres ident; Edmund W. Schadler, J as. R, Koch , Salvndor Araneta and Enrique CaguiatTJ'eaS10'C)',' Enrique Caguiat, Manila, Philippines, SEPTEMBER 1937: At a meeting of the Board of Directors of this Company held on August 24, 1937, in the office of the Company, it was decided that the condition of the local stock market was such that it was impossible to realize a true value on the stocks held by the Compl\ny. Your Directors were of the opinion iUEM ORA N DUM TO STOCKHOLDERS AS OP 20TH,
PHILlPP INES that no holdings of the Company should be sold, and that the expenses of the Company should be reduced to a minimum. The office in the Metropolitan T hea ter Building was thereupon ordered closed and the accounts and records of the Company were placed in t he custod,y
of Secretary-T reasurer, E nr ique Cagu ia t , a Certified Public Accountant, with offices at 221 Crystal Arcade. The securities owned by this Company have been carefully checked and listed, and placed in a safe dl!.posit box in t he Bank of t he P hilippine Islands. Under this arrangement the Company can wait indefinitely for a revival of the stock market witho ut embarrassment to the capital of the Company.-(Sig ned) H . O. BAUMAN, President.
ALLI ED MANAGEMENT CORP ORATION Head Of/ice: 307·311 Crystal Arcade Bldg., Ca-eitaH:ur.tio,~: P150,OOO.00Par Val ue 1)0. 10-Su.bsc/1bed Ca,pitat: P30,000.OOP4id I n Capital: PS,OOO.OO-Directo)·s 4/ld Ineol'po rators: Nicanor Jacinto, Pre~dent; Miguel Cuaderno, Vice-Prcsident; Alfonso Calalang, T reasurer; J ose Cojuangco, Dircctor; P omfu'oy C. Merrill, Director-Permit to sell 700,000 shares g r anted, Septcmbcr 27th., 1937.
Ma nila-Authol"ized
17
H . A LO NSO H ead Office: 105-107 Escolta, !l.lanila-Nation· (tlity: Filipino-Business: Men and Ladies F ur· nishings-Estabfished.: 1907-Propl"ietor a1!d General Manager: H. Alonso-Ca,pital: Pll1,582.39Annu.al Tli/"nover : P209,176.57-Agencws: The Flor sheim Shoe Co., I nter national Shoe Company; \Y. L . Douglas Shoe Company-Telegraphs Her · malonso---Dfl.nk Refe)·e11.cc: Philippine National Rank. ALVIR & CO., I NC. Head OJ/icc: ¥utivo Building, Manila, Philippincs-Regishwed: September 30, 1936- Term: 50 ycars-B1Isiness: To engage in and carryon any commercia.l, mercantile or industrial busi· ne!':s or enterprises whatsoever, or to engage in a.ny technical, scientific, mechanical, chemical 01' professional work of any nature, etc.- Nationality: Filipino-CUIJital Stock: 2,000 shares of stock of 110 par value.- S u bscribed and Pai~in: Pesos 5,01l0.OO- Ojjieers a nd Di1"ectOl'S : Dr. A. D. Aivir, Pre~ide n t and General Manager; Don Vicen· te Lopez, Vice-P resident; Mr. Frederic H. Stevens, DiI'ector; Mr. J. V . Bagtas, Director and Business Manager; Han. F. A. Delltado, Director; Atty. Jose
ALLIANCE ASSURANCE COMPANY, LIMITED BALANCE SHEET For the Year Ending December 31st, 1936 ASSETS Vallie of Re.tl Esute owned by tbe Company S Loans on Mortg.t8es ......... . ...... ' .' .. .. . Interest dlle and accrued on :Ill said mortg:lge loans... . .. . .... ...... .. .. .. .. . .. . .. . ... Account of Stocks, Bonds and Tre:lsure Notes, etc.... . ........ . . . ......... . .... Miscell3neolls Lo.tns on Securities.·....... . ... Cash in Offices, on Deposit and on Current AccQun t... . . .. . . .. .. .. . . .. .. . . .. .. .. .. .. . Interat due and accrued on Stocks, Collateral 10Uls and Deposits wi th Banks...... . . . . . . All other property bdongin8 to the Comp.tny ............ . .... 3,72I ,80}.01 AmOun t ded ucted on account of bad a.od doubtful Deb,s and Sct:urities.. 854,619.40
5,67] ,80S.00 10,687,}7}.05 ] 1J,807.12 37,821,555.00 7,764,51l.47 3,007,992.50 580,81}.12
2,867.18}.61
..... ssets of Alliance Life Assurmce and Annuity Fund. ... .. .• .. .... .. .. . . .. .. .. . . .... .. ... 130,07),512.21 S198,588,55}.08
LIABILITIES Capital Actually paid up in Cash.... . . . ... S 5,000,000.00 Surplus beyond Capital and all other Liabilities.......... . ......... ....... . .. . 17,725.342.78 Net Amount of Unp.id Losses .. . 2,294,808.45 Total Uncnned Premiums .. .. . ..... . ...... . 9,132,20}·52 Net Premium Reserve and all other Liabilities,
C!~CCbi~d~~d!" ;~. 'St'~'kh~id~;s" ~~~'a'i ~i~g
29,8}7,909.72
unpaid .. ... . . . .............. .... ..... ... . 1,263.35 All other dem.tnds a8ainst the Compm}'... . . 4,523,51}.05 Liabil ides of Alliance Life Assurance and Annui t), Fund .. 130,073,512.21
~
SI98.588,553.011
18
THE COMMERCIA L & INDUSTRIAL MANUAL
D. Alvir, Secretnl'y-Treasul'cl'-Cou1tsel: Delgado & Tanada-Bankers.- Philippine National BankTel s.: 2_2:.1_19_ 2_33_36-0ffices: YutivQ Bldg., Manila, P. O. Box 849, Manila. Alvir nnd Company, Inc., mining managers and promoters, has shown remarkable progress operations during th e comparatively short period that the f'il'm has been functioning. The repor ~ of its president, Dr. A. D. Alvir, covering a two-month period since the company actually stated "orking, up to the end of the fiscal year 1936, 01" from November 1 to December 31, shows all opcl'<lting profit of P esos 21,824.17, according to the statement of accounts as prepared by the Audito!';), M(!ssl's. White, Page and Co. This profit is regarded very remarkable in view of the short pcrio'!\ of time that the company has been operating. TIi.\ vast business interests and the excellent and experienced personnel connected with the firm have been responsible for this success. Besides doing consul t tion work and reports for different mining companies) the Alvil' and Company, Inc., has pl'omoled a number~ of mines. It manages the Mindanao Hamamali Mfnes, Inc., the Benguet
Gold Cave Mines, Inc., and expects to sign soon contracts with the Mambulao Centr al Mining Company, Gabayan Central Mines, Kaba~Tan Free Gold, Agno Delta Placers, Inc., Benguet Bokod Gold Veins Company and Felizadel Mining Association. Alvir and Company has already established a branch ill Surigao, under the direct :;upel'vision of Engineer IN. J. Ericson. This branch will run a mine equipment and supply stol路e. The branch in Baguio, under the management of Engineer V. J. Lynch, will take charge of the mines for the fi r m in the northern section of the archipelago. The success in the operation of the Alvit路 and Company for the two-month period has been attributed largely to its staff of experienced men in the various lines of t he mining industr y. They are Dr. A. D. AJvir, President, W. J. Eaton, Asssitant Manager, V. J. Lyn('h, G. R. Plumb N. J. Ericson, R. R. Langlois, Juan Teves, Pacifico Laurel and G. R. Dichoso. R. R. Langlois, geoph>'sicst from the Colorado School of l\lines, who recently al'l'ived to take charge of the geophisicai prospecting departnlent of the company, brought with him the latest and most
AM.ALGAMATED MINERALS IN CORPORATED lI S T. PI NPI N MANILA, P. 1.
PRODUCERS & EXPORTERS
OF
BASE METAL ORES Cable Address: AMALGAN
All Codes T el. 2-17-54
PH ILIPPINES expensive machinery nnd apparatus to determine the position of quartz veins and to make studies of placer grounds, geophysical structures and fOrJnl'l.tions.
AMALGAMATED MINE~ALS. INC. H ead OlfWe: 118 Calle Pinpin, Manila, P. 1. Branch Office: Iloilo-Nat ionality: Filipino-Bu8inUS,- Producers & Exporters of Minerals-Established: October, 1936-Autho)'1zed Capitel: Pesos 1,OOO,OOO.OO-SlIbscribed Capital.- Pesos 880,000.00 _Paid ttp Capital: Pesos 776,72S.00-Pa,r Value oj Shares.Pesos O.lO-Telegra.pl~ Address: Amalgam-Codes Used: Aema, Bentleys, ABC -PI'incipa/8: H. A. Wendt, President W. B. Sheppard, Vice President, C, F. Lloyd, ChBS. Run, Treasurer, Thos. N. Powell, 'V. F. Gemperle, A. C. Brunner-Ba1!k Re/fmmccs: Hongkong & Shanghai Banking Corporation.
CO~ANY
D. B. AMBROSIO & Head Office: Ambrosio Building, 401-405 San Vicente, Maniia-BnU!ck O//ii:c: eebu, Philippines -Nationality: Filipino---MemberR: International Stock Exchang~; National Produce Exchange-
19
Business: Mine Managers; Ores, Metals, Minerals, etc. Dealers; Stock and Produce Broker s : Mining Promoters; Real Estate Brokers; 'Life. Fire, Marine, J-l.delity, Surety and Miscellaneous Insurance Underwriters; publishers of Commerce, Official Organ of the Chamber of Commerce of P. I.-Estfl.blislted: 1936-0fiicer8: D. B. Ambrosio, President and General Manager; Geronima T. Pecson , Assistant General Manager; Domingo C. Bascara, Assistant Go:!neral Managel' and Manager, Produce Exchange Dept.; L. Dacanay, I'..Ianager, Survey Dept.; Juan J. Carlos, Floor Representative, International Stock Exchange Dept.; G. G. Castillo, Manager, Public Relations Dept.; Roman B. Aquizap, Manager. Ores Exchange Dept.; Ana stacio N. Abad, Manager, Mining Claims Dept; Ernesto Lacuanan, Domingo C. Bascars. Legal Department; Ernesto Licuanan, Manager, Surety Bonds Dept.; Manuel S. Flores, Manager, Real Estate Dept.; Pedro Palting, Advcl·tising Manager, Commerce-Telegraph: Ambrosio -Batik Referencc : Philippine National Bank. D. B. Ambl"or.io & Co. was organized in 1936 originally as a ~tock and debentures brokerage and
D. B. AMBROSIO & CO. Members, International Stock Exchange, National Produce Exchange >TOCKS
MINING. PROMOTIONS .
LIFE l NSUR ... NCE • RE ... L E5T ... TE
• FIRE. FIOEL ITY
GENHI(AL MANAGERS
D... TONG GUINTO MINING CORPOR ... T10N COMM ERCE, I NC. CENTR... L LUZON MIN BR"'LS. IN C. SUR1G ... O T ... G ... N ...... N MINING CORPOR ...T10N P... R"'C ... LE DIG WI!DGE ~l1NING CORPOR ATION POLlLLIO ISLANO CO ... L COMMNY B",LITOK AM ... LG"'M ...TED MINING CORPORATION lLOCOS METALS, I NC. O. B. MIBROSIO P"Jiit•• ~.J G••".I ,II"'l"
SU RETY I NSU R ... NCE
FEOER ... TED M... NAGEMENT "'ND INVESTMENT SYNDIC",TE T"'G ... rr ... y L ... ND SUBDIVISION F... R E... STERN MINING OPER",T10NS. INC. FAR EASTERN SURETY ... NO INSUlt ... NCE ~f..\SINLOC
co.,
INC.
CHROMI TE MINING COMP"'NY
OFFICERS MRS. GERONIMA T. PECSON A";,,... G.. ,,~I '\1 •••,,,
DOMINGO C. BASCAR ... .11 •••, ... E,d ..,. D., •.
THEODORE KROLL .11 ..., ,,. F, ...".I • • J I.J.,,, •• 1 ,,, ...,,"'
M,'TONIO L.... R1Z ... a...L •11 ...., ... S",I Bdt •• ,. D., ••
PEDRO P ... LTING
G. G. CASTILLO
.11...,,,, ,.11" 1 .1.",.. D.".
... NASTACIO N. ABAD ~I '"J''' .11...., CJ~;..
AMBROSIO BUILDING
401-405 SAN VICENTE
,,,J.,,
6:
GENERAL AGEfo,'TS
B.".", M•••,,,.
eo ......".
I",.
D.,..
EJ.NESTO LlCU... N"'N
.11,.., ... , I.,,,,
s..,j, •• J L.,.I D., ••
FELIX R. LUPIMN 01" ,II •••,,,. R.. I Eu•• , D" •• RO:"IAN B. AQUIZAP ,If••"".
0,,, En''",. D.".
MANILA · PHILIPPINES
20
THE COMMERCIAL & INDUSTRIAL MANUAL
as one of the charter member s of the International Stock Exchange. It prospered fast. Within a ,y ear, business ~xpanded to mining and insurance and real estate. It was also one of the original and charter members uf the National PI'oduce Exchange which opened in 1937. The company now serves as general managers for several companies and agents for several other companies. Due to expansion of activities the firm ,'ccently acquired and occupied the Ambrosio Building, on Cane San Vicente, Manila, and opened a branch in Ccbu City. The Ores Exchange Department is one of its biggest departments. In addition to its stock and debentures brokerage business it acts as l'cpl'csentative for foreign and domestic companies in the purchase and 01' sale of all kinds of ores, metals, minerals. It has many other depts., including real estate, surveying, fidelity & surety dept.; on PUblication\ept., etc. AMERICAN COSMETICS COMPANY, INC. Heau Office: Manil~ Philippines-Registered: January 26, 1937-Tel'ms: 50 years_Business: Merchandi si ng - Nationality: Chinese - Capital
Stock: Pesos 100,000.00 divided into 100,000 shares of the pal' value of Pesos 1.00 each-Subscribed Capital: Pesos 20,000.00-Capital Paid-in: Pesos 5,OOO.00-Incorp0l'ators: Yu Siu Tek, Ong Tieo, alias Sy Lianting, Uy Sing, Tan Kim Hiong, Alias Edward T. C. Tan and Ngo Chien. AMERI CAN ENGDNlEERING AND CONSTRUCTION, INC. Rend Office: Room 26 Lack & Davis Bldg., Manila-Registered: May 19, 1936--Term.s: 50 years-Nationality: American-Business: To engage in and carJ'y on the business of consulting, contracting a nd otherwise dealing in mechanical, carpentry, and general constructions including general repairs-Capital Stock: Pesos 45,000.00 divided into 450 shares of the pal' vaule of Pesos 100.00 each.~'llbscl'ibed Cwpital: Pesos 12,200.00 Capital Paid: Pesos 3,200.00-Directol's." J. Weisenbacher, Hilton Carson, H. O. Bauman, Marien E. Martin and Jose ReinosO-T1路easl!rel'." Jose Reinoso, .p. O. Box 2526, Manila, P. I.
THE AMERICAN EXPRESS COMPANY, INC. ( I ncluding Brandles and Subsidiary Companies)
Decem ber 31, 1935 ASSETS
LIABILITIES
. .... SIO,62S,57:H5 Loans and DiSCOunts .............. $5,341 ,782.37 Less Reserve.. 66,426.00 5.275,356.37
Capital. ....................... . . S 6,000,000.00 Surplus and Undiv ided Profits .. 2,240,)44.)8 Rescrve for Contingcncies. 897,612.65 Dcposits. 17,584, 591.56 Duc to Banks. ... 701,191.5) Drafts and Cheeks not yctrrcscO(ed for Pa ymcnt 4,631,068.68 Acccpranccs and Letters 0 Credit............. 5~9,446.17 Accrued and Currcnr Liabilities.. 1,418,898.57 Othcr Liabilities. .. .. 788,180.25
C:lSh ..
Accrued IntereS( Receivable ..
and
Accounts
1,447,833.66 2,260,41 1,445,573.24
less Reserve. Marketable Securities .. Less Reserve ..
. .. l},471,911.48 250,000.00*1),221,911.48
) ,143,470.85 Land , BuiJding$ and Equipment. Less Reserve .. 679,185.30 2,564,335.53 Customers' Liability under Accep ta nces and 549,446.17 L:ucrs of Credit. 1,271,518.6) Olher Assets. 145,381.10 1,126,1)7,s'5 Less Reserve ... "
Total Assets ...
. ..... S34,Sll,33).79
Market values December 31, 1935 for readilr rnarl.:cuble securities and values based on yields or qUOU,[lons for other securi ties show an apprec iation of $200,524.75 over the
hool.: value of $1l,121,911.48.
~ TOld Liabilities. .
. .. $)4,811,33).79
All accountS on thc books at thc branches and offices of subsidiuy companies carried in forcign currcncy .are included in thc abovc SratCment at thc U.S. Dollu cqulvalent baSC"d on currcnt rates of uchangc Deccmber 31, 19)5.
PHILI PPINES THE AMERICAN EXPRESS COMPANY, nNC. Head Office: 65 Broadway, New York CityManiu~ Off'": 95 Plaza lI'loraga. Insular Life Build. ing-O//ices: 1'hroughout the World-Nat'ionality: American-Bllsiness: International Financial, Shipping, Travel, ctc.-.4uents: Gcncml Foreign Agents for New York Cent)'a! Lines-Established : 1916; 1921 Registered under present styie-Manilll. Mar 1VJ.ger: J. R. Lloyd. The American Express Company, Incorporated, and the companies with which it is affiliated , of fer an inte rnational service in three closely related fields- financial, shipping, and travel. This service is available at offices in the pl'incipai commercial and tourist centers of the globes and through approximately ten thousand banking, travel and shipping correspondents. Financial operations include foreign exchange, remittances of money t~ foreign countries, letters of credit, travelers cheque.s and money orders, also banking facilities at mosh of its foreign offices. Shipping activities comprise shipping of merchandise and/or va luables, custom house brokerage, marine insurance, warehousing and reforwarding, issuance of through biIls of lading. Travel activities comprise tbe sale of steamship and railroad tickets, arrangements for escort.. ed and independen~ tours, special cruises, the making of hotel and other reservations, tile furnishing of itineraries and, ill general, the conduct of a tourist business on a large scale. AMERICAN F.~ R EASTERN SCHOOL OF AVIATION Head Officc: Nielson Airport, San P edro Makati, Rizal - Natiollalitv: American - Bltsincs8: Aviution School; Operators of Nielson Airpor t-Established: June 1935- P";ncipa!s: r.. C. Coote, President, J. L. Giffin, Vice-President, Juan Nahong, Secrctary-'rreasu re,·; W. H. Pratt and R. Mess~er, Directors-Authorized and Paid-in Oapital: Pesos 100,OOO.00-Par Yallte of Sl!al·es: Pesos 10.00Agents for: Tuylor Cub Aeroplanes; Fairchields Aviation Corpo,·ation; Fnirchiclds Aerial Camera; Ranger Engine CorpOl·ation; Bcndix-Stromberg Aviation Applinnces-Telegl·n7Jh Add,·ess: AfesaBank Reference: Philippine Trust Company; Hongkong and Shanghai Bnnking Corporation. AMERICAN INTERNATIONAL UNDERWRITERS FOR THE PHILIPPINES, INC. Head Office: Manila, Samnnillo Building, 619 Escoltn. :'.1nni ln-Nationalitv: American-Business:
21
Fire, Marine, Motor Cars, Life, P ersonal Accident and Special Risks-7'elegraph: " Undcl"wl"iters "Officers: A. B. Park, PI·esident, E. F. Pimley, VicePl·csident, W. F. Savale, Vicc-President and Secretary, F. B. Baldwin, Treasurer. AMERICAN NON-COMM ISSIONED OFFICERS CLUB Head Offu:e; 852 R. Rida lgo Street, ManilaRegu,tered: October 26, 1935--Tel'?ns: 50 yearsBusiness : Comradeship and sociability-Nationality: American-Tl·ustees: Henry C. Bartlett, Andrew M . Boyke, John Tuduin, Mi!land C. McClug, Ever ett M. Sparks, William J. Moria-rty, Frederick Callaham, Geo. C. Daily, Laurence E. Cole and C. M. Carr, ( Henry C. Bartlett, Andrcw M. Boyke, Milland C. McClug, Frcdcrick Callaham and C. M. Carr, are incorporators only). AMERICAN STEAMSH I P AGENCIES, INC. Heltd Office: Manila-Nationality: AmericanBusiness: Steamship Agents and Brokers-Established: 193 1-Auents f("·: Kokusai Kisen Kiasha of Tokyo, Japan-Telegmph .4ddl·ess: AmershipCodes: Boe's, and BentleY's-Bank Refe-rence: Philippine National Bank. AMERICAN SUPP I.. Y CO., INC. Head Office: 118 T. Pinpin, Mani la, P. I. N{J.tionality: Filipino-Busiuess: General Suppliers -Est.ablished: July 27, 193G-A·utho,·ized Chpital: Pesos 100,000.00-Paid Up CU7ntaf.: Pesos 100,000.00 -Par of Sh.'J,res: Pesos 25.00-Brnl1ch Office: Batobalanj, Cam. Norte-Priucilmls: H. A. Wendt, Pres., F,·ancis Lu sk, Vicc Pres.,; Chas. Kurz, Treas., Frances G. Bru(:kctt, Secy.; iUayel· G. Hansen, Director- Ba.llk Refenncc: Philippine National Bonk. AMP IL & COMPANY Head Office: 997 Muelle de In Industl'ia, MRnila-Natiolwlit11: Filipino-Established: June 1910 -Bltsiness.· Coal and Coke; Launches and Bnrges for Hire-Bank R eference: Philippine National Bank. ANAHAWAN ACADEMY H ead Office: Anahawan, Leytc--Registe.red.· April 8, 1936-Te l'II~; 50 years-BII,~illess: Primary. Elementary, and Secondary courses of Instruction -Nationality: Filipino-Tnl.Stees: Blas L. Tero, Donato Cinco, Heracleo Umaeob, Engracio P. Cadavero, Epifanio Ybaiiez, Rodrigo Gandienco, Ramon Ybanez, Agustin Macasuhot, Juan T ero, FIorentino Butalon. Remberto Alfaro, Ricardo Macion,
22
THE COMMERCIAL & INDUSTRI AL MANUAL
Natividad Gases, Felicisima Petate and Nicolasa Ladaga.
Ching, Pesos 2,200.00; Sy Pak, Pesos 2,200.00; Sy Eh, Pesos 2,200.00-Mam.ager: Ang Kun.
ANASTACIO SANTOS & COMPANY
ANG SIOC & COMPANY Head Office : Manila, Philippines-Registered: September 4, 1936-Te1'ln:-Twenty (20) years, from August 6, 1936-Nationality: Chinese-Business: Establishment of workshop of iron, steel, copper, etc:.-Capit.ul: Pesos 12,OOO.00-Capital contributed by each pUh'tner: Ang Sioc, Pesos 5,250.00; Chieng Sun, Pesos 2,250.00; Ang Guan Chiat, Pesos 1,500.00; Ong Chian, Pesos 1,500.00; Ang Guan Le, Pesos 1,SOO.00-Manager: Ang Sioc.
Head Office: 530 Alvarado St. Manila-Regisfered: December 4, 1936-Terll~: Five (5) years; beginning January I, 1935-B!tsiness; Merchandising-Nationality: Chinese-O:lipital: Pesos 48,000.00 -Capital contdbltted by eo{;h part7ler: 16 partners contributed Pesos 3,OOO.OO-il1alb':Lger: Anastacio
Santos. ANCIENT lWSlCRUCIAN ORDER OF THE PHILIPPINES, INC. Hea(l Office: Iloilo, I.lo ilo-Registered: May 4, 1936-Te?'IIt: 50 yeal'S-B1t.Siness: institution for the purpose of reaching and professing the Rosicrucian principles and all t;,elated subjects; to confer titles and degrees, and to issue diplomas, etc.-Nationality: Filipino-Trustees: Jose Mariano, Salvador Alunan, Federico Cabafiero, Luis Adelantar and Mariano Salas-Treasltrcr: Salvador Alunan, San Agustin, Iloilo, Iloilo. WILLIAM H. ANDERSON & COMPANY. Head Office: Manila-Br nch: New York City -Natio1Utlity: American-B1!,iness: General Importers; Manufacturers Representatives-Established: 1911 in Manila-P"incipals: William H. Anderson, President; William H. Rennolds, VicePresident-Auth<禄"i:::ed ,a nd Paid-in Capital: Pesos 600,000.00-Par Vl'llue of Shares: Pesos 500.00Telegl'a1>h Add1'fJss: Coanderson-Bank References: National City Bank of New York; Philippine National Bank.
ANG TIBAY Head Office and Faetol'Y: Rizal Avenue Ext .. Caloocan, Rizal-B1'anche$': In all Districts of Manila and in Provinces-P)'oprietol': Toribio Teodoro -BuS'iness.- Shoe and Slipper ManufacturersEstablished: 1910-Sole Proprietorship owned by Toribio Teodoro-Nationality.. Filipino-Annual Turnover: 1,500 P airs Shoes per day; 300 Pair Slippers per day-Telegraph Addj'ess: Ang TibayBa1!k Ref(J)'ence: Philippine Trust Company; Philippine National Bank. The inauguration of the Commonwealth of the Philippine Islands took place on the day Ang Tibay attained its maturity of 25 years operation. At the turn of the century of its existence the history of the development and progress of Ang Tibay is also an epic of the industrial progress of the Islands.
ANG KHIA & COMPANY Head D.ffice: 321 Santo Cristo, Manila-Registe1路ed: January 29, 1937-Term: Ten (10) years, from January 29, 1937-Business: MerchandisingNationp.iity: Chinese-Capital: Pesos 10,000.00Capital contributed by each 1Jwrtners: Ang Khia, Pesos 5,000.00; Ang Pao, Pesos 5,000.00-Mo2m4ger: Ang Khia.
ANG TUAN KAI & COMPANY Head Office: 485 Nueva St., Manila-Registered: September, 2, 1935-Term.:- Ten (10) years from September 1, 1935-Business: To engage in buying, selling, importing, exporting and generally to deal in or with textile goods, groceries, wares. etc. - Nationality: - Chinese - Capit!!l: - Pesos 100,000.00-Capital contributed by each partner: Ang Tuan Kai, Pesos 40,000.00; Ong Chui, Pesos 20,000.00; Ang Seh Go, Pesos 20,000.00; China Se, Pesos 10,000; Ang Beng Uh, Pesos 10,000.00Manager: Ang Tuan Kai.
ANG P I AC & COMPANY Head Office: 323 Camba, Manila-Registered: April 4, 1935-Te.rm:-Ten (10) years from April 1 1935-Nationality: Chinese-Business: Foundry Operators-Capital: Pesos 19,800.00-Capitai contrilmted by each partner: A ng Piao, Pesos 4,400.00; Ang Kung, Pesos 4,400; Cheng Pe, 4,400.00; Lim
ANGAT GOLDFIELDS EXPLORATION, INC. Head Office: Manila, Philippines-Registered: December 17, 1936-Term: 50 years-BuS"iness: Mining-Nationality: Filipino-Capital StoGk: Pesos 150,000.00 divided into 15,000,000 shar es of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 30,000.00-C.apital Po'.lid: Pesos 7,500.00-
PH ILIPPINES IIrcoT1JOTatoTs: Julian Salgado, Basilio Salg'ddo, Nicolas Buendia, Salvador S. Juco, J ose Claida Hilario, Asuncion F. de Jesus and Pablo Hilario.
ANGEL PADILLA & COMPANY H C,'.ld Office: 125 Escolta, Manila-Natio nality: Filipino-Htlsilless: Stock Brokers-Established: October 1st., 1936-Principals: Angel Padilla and Jose Y. Orsa, Partners-Authorized and Paid-in Capital: Pesos 183,OOO.O-Bank Refenmce: Hongkong & Shanghai Banking Corporation. ANGELO MINING CO., INC. H芦Ld Office: 118 T. Pin pin, P, I.-Nationality : Filipino - Business: Gold Minillg-Est.'tblisherl: October 1936-Anthol'ized Capital: (Fully SUbSC1'ibcd) Pesos 1,500,OOO.00-Paid U1J Cwpitai: Pesos 1,23G,1 15.00-Par Vallie of S!t(U'e8; Pesos 0,10BrUIIC'~ aI/icc: l\i anila-PJ'iltcilm/s: L. D. Lockwood, Pres.; H. A. Wendt, Vice Pres., H. P. Strider', Director; R. F. Rawson, Director; J. R. H. l\'lason, Director; Chas. Kutz Sec.-l'll'eas.-Bank ReferenclJ: Hongkong & Shangha i Banking Corp. ANGO MINING SYNDICATE. IN CORPORATED H ead O.ffice: 615 Teodol'a Alonzo, Manila-
T
he King of Slippers the King of Shoes!
23
Registt.red: October 9, 1936-Term: 50 yearsNationality: Filipino-Business; To search for, prospect and explorers or minerals, and to loc:ate mining claims, grounds or lodes within the Philippine I slands and record the same pursuant to the mining Laws ; to bore, drill prospcct and mine for gold , silver, copper, platinum, lead, zinc and all kinds of ores, metals and minerals, etc.-Direc_ tOI'S; Eduardo del Rosario Tan King, Virgilio Valera, Antonio V. Fernandez, Clarita Tan Kiang, Mary Moran (Severino de la Cl路UZ and Vicente V. Fernandez, (Mary Moran and Severino de In Cruz, are incorpol'atol's only) ; Treasnrel': Antonio V. Fel'llandez, 109 Sta . Potenciana, Manila.
ANT AMOK GOLDFIELD'S MINING CO., I NC. H ead Office: 4th Floor, Soriano Building, Manila-Incorporated uncler the Laws of the Philippine Islands-A ntlw,路i.zed Capit.'ll: Pesos 3,OOO,000.Ov -Directors: Don Andres Soriano, President; J. Fraser Brown, Vice-President; T. J. Wolff, H . T. Fox, J. T. Knowles, J, H . Sampson, A. 1\1. Macleod, Angel M. Varela, Sercetar~'; T, J. Wolff, Treasurel'-~k Re~eTence: Chartered Bank of lndia, Australia 1& Chma; Peoples Bank & Trust Com-
Angel Padilla & Co. 125 ESCOLT A. MANILA, P. I.
Ang Tibay, famed for its quality foot wear far and wide, is making histo ry for tbe local shoe industry, with its smart new sty les of footwear for men, women, and children.
Stock Brokers
Write for a rotogtavure catalog t oday .
Principals: 710 Ilaya, Manila
ANGEL PADILLA JOSE
Branc:h , Plaza Goiti
Y.
ORSA
THE COMMERCIAL
24
&
pany; Cl'Ocker First National Bank Of San Fran路 cisco. As of Septembel' 4th, 1937, Officia ls of this company reported a production of P434,772 for t he month o( August, down ap proximately P27,OOO from July's output. The mill treated 22,142 tons of are. On October 4th, 1937, offcials of the Company reported a production of "440,244.57 fo r August, up approximately Pesos 6,000 over the previous month's output. ANNUAl. R EPORT OF GENEnAI,MANAGER D1WEI,O PMENT WORK
During the yeaT development work was st.ressed in all sections of tJhe mine where probable are could be cOllverted into positive are. Latel'al develo pment was pu~ h ed eastward on the 590, 830 and 1160 levels in order to get into the State Group property and to p\ospect t he eastward extension of t he 463 Vein. During t he latter part of the year the country abov,e the 490 level wa s opened up, giving furthel' stopi ng area just below the 300 level. Raises were completed from the 1160 to the 830 level and prcpara'ion made fo r development on the 950 and 1050 levels. Drifting was weU under way on the 950 and vork on the 1050 will be started in the early part of 1937. Practically all development work was completed to mine I'e above the 850 level. All installatoins for haulage a nd facilities for hauling material were comple'ed for this area . This includes locomotive, ore pass, rope raise, fill raises and main tramway crosscuts. Considcl'able unproductive development work was made to prospect the walls for any paraUel structures. In many cases this prOven to be highly profi table. Development was continued throughout the year in the 600 level to t horoughly prospect this counhy by drifts, Cl'OSS-cuts and diamond drilling. STATES
GROUP
] n the States Group property 6,993 feet of development work was completed. Three main crosscuts were driven to intersect the eastern extension of the 463 Vein in this property. The 590, 830 and 1160 levels wcre driven into the property. There is comparat ively a strong structure but no commercial value has been encountered. Thi s work is being continued as there is a considerable area on this structure still unprospected .
INDUSTRIAL MANUAL Development work in the Gold Creek property was comparatively small as a great deal of the property work necessary was carried on in Antamok Goldfields property. Extensive development work to block out a stoping area below the 830 level will be star:ed in February, 1937. 'This will open up the portion of the vein below 830 level which ga ve p romising results in the diamond drill hole. In the 75-25 are the "0" and "0" West Vein were opened uP. but due to the poor showing this was discontinued. DIAMONJ) DRILL Diamond drill work has been in progress since June 1st, work being done on An:amok Goldfields property on the 463 Vein and the 600 level area : also in the Gold Creek North fraction. No report can be made on tttis however until the results are correlated and made available. MINING QPERATlONS Th roughout the dry season mining was continued on the 200 and 100 levels only as small ton_ nage is produced but a s it can only be worked during the good weather , it will undoubtedly furnish ore periodica ll y f or several years. Underground conditions as a whole have been very favorable. Above the 490 level very heavy g round is a encountered but so far it as given no se rious trouble. Very little water was encountered during the wet weather which assisted a great deal in the appreciable decrease in costs. There has also been considerable increase in the efficiency of stoping and handling of the ore. Battery locomotives will be insta lled on the 730 and 830 levels whicAl will further increase the efficiency of transportation. All stoping in the Gold Creek area was stopped in August until such time as development work could be finished to block out new stoping areas. Mining in the North Fraction wiil be resumed at an eady date. OUTSfI"E T I MBER STATIONS AND TRAMWAY
The sawmill constructed in the Timber Station ' was equipped with fl'aming saw, cut-off saw, and table saw. This has assisted greatly in a saving of timber and increased efficiency and capacity of this unit. MILLING The mill crushed and treated a total of 208,772.44 tons from Antamok and 13,090.56 tons
PHILIPPINES from the Gold Crcck property or a total of 221,863.0 tons for the year. From tilis tonnage there was recovered a total of 74,182.68 fine OZ5. gold and 41 ,4 08,55 fin e 02S. silver.
25
The construction program whicn was started in September, 1935, was practically comple ~ed by the end of March. The 6 x 10 Allis Chalmers secondary mill was in operation l'tJarch 25th and Sand Leaching discontinued by April 1st.
ANTAMOK GOLDFIELDS MINING COMPANY Balance Sheet as of December 31st, 1936 ASSETS
LlA BlLITIES
Fixed Assets: Mine and Mini ng Properties Mil! and Mill Machinery . Buildings, Equipment, Eee.
944,574.04 1,809,}22.26
Curren t Assets: \. Cash on Hand, Gold in Tran) it, Inventories,
,.
Etc. ......... o.:prcciation and Mine Amortiution
2,449,252.30
Fund
Iovc:stmCllt: Cash lnd Government Bonds ..
Deferred Charges ... Opdoos. Gold Cred: Contrllct .. Delicit Total Assets ..
516,274.48 12,}68.82 91,}94. }4 1},522.}}
..\..
. .. .. . l' 5,836,708.66
OPERATING ACCOUNT Bullion Production .. Operuiog Expenses.. Operat ing Profit COr Loss). .
Nct Profit COr Loss) ..
~ Tot...l Liabilities .
'P 5,8J6.i08.66
ORE RESERVES
P 'j,O}8,071.40 2,08'j,684.6} l' 2,952,}86.77
PROFIT AND LOSS ACCOUNT Operating Profit COr Lou). " 2,952,}86.77 Profit on Gold Creek Contract.. }1,192.28 Orher Income.. 19,290.09 Gross Profit COr Loss). . Expenses Director Fees, Taxes, Etc. Organization Expenses . .
Capital Stock Paid Up .. .. .. .......... .. . CO)1'1 ,}75,OOO.OO General Reserve: Prem ium on Sale of Stock .... Current Liabilities, 1,894,537.51 Gold Creek Contract. .. Reserve fOr Depreciation }86,707.'j4 Rcserve for Mine Amortization. }2} ,S66.66 Deferred Credit. . Surplus Aeeount .......... .... ............. CO) 1,856,896.95
I~
},0J2,&i9. 14 275,0l}.78
'P 2,727,855.}6
Ct) A stock dividend of 100% absorb ing Pl,}75,00'J.ooof the surplus "'liS issued on January 6th, 19}7, making .1 totlll Paid路up Capiul of P2,7}(l,OOO.OO. Ca) Based on old Gold value of $20.67 per ounce. ( b) Exclud ing Gold Creck. On September 19J4 . this Company entered in a contracr wi.t h the Gold Creck Mining Corp., [0 dn'clop and operare: thIS properry on a profit shllring basis.
Positive Ore .. 627,725 [Ons Average Value per Ton . . .. Ca) 12.00 T otal Value of Positi ve Ore. ..... Ca)1)1,5J5,s}8.00 Probable Ore ... . ...... .. 175,48} tOilS Average Value per Ton. " . Ca) 'I.) 10.86 Totill V.1lue or Probllblc Ore .. ... C.1)'PI ,905,972.oo Prospecti ve Ore.. . .. . . ... , .. . .. Average Va[ue per Ton. Ton i VlIlue of Prospective Ore .. Totlll Ore Reserves ... 8OJ,lQ8 tons Average VlIlue p:r Ton. ............. . Ca) P 11.75 Total Value of Ore Reserves .. . Ca) 'I'9, 446.51000 Ore Treated . . .Cb) 208,772 to ns Average Value per Ton. Operating Cost per Ton .. ~Iil!ing ClIpaciry per DlIY. 600 toos Toul Cash Di,路idend PlIid for th<: Year. . .. P 2,062,500.00 Dividenc per Shllre . . 1') cent H'OS m d 100% Stock: Price Rmg:: of Stock : High ............... Old STOCk: 1'4.40 NewSrock: [>1.90 Low . Old Stock: P O.SO N<: w Stock " 1.70
26
THE COMMERCIAL & INDUSTRIAL MANUAL
Due to delay in delivery of Oil-Switch and Rheostat the No.2 Marcy Mill was not put in operation until April 15th. Likewise the additional power needed to bring the plant up to full capacity was beld up until August 20th due to short shipment of Generator. On reaching our full capacity the results obtained have heen very satisfactol'y; tonnage increased considerably more than anticipated, higher extranction and lower operating costs being obtain~ .d. Contemplated changes for the ensuing year consist of operating the 6H!! Marcy Mill as a secondary grinder in closed circuit with the 9 Bowl Classifier. This should give Us finer g"l.'iding, an increase in extraction, and may result in an increase to 800 tons per day. The 4th power unit was put on the line August 20th. The two 900 H. P. engines now supply enough power for present requirements. (Sgd.) H. A. DEWItt, General Superintendent. REPORT OF THE DIRECTORS To the Stockholders: Februa{y, 1937: I have the pleasure in submitting to you the fifth annual report of the Board of Directors. In conformity with the resolution passed at tile last annual meeting of stockholders, the member~ ship of the Board was increased from five to seven. PROFITS
The year jUst closed has again shown steadily increasing profits. The following schedule of monthly profits also reflects the benefits of the increased capacity added to the plant during the year. January February l\'1arch April May June July August September October . . November December TOTAL
. Pesos 99,043.86 95,393.48 132,958.53 155,906.93 232,478.44 312,430.33 279,994.30 295,956.10 318,009.77 306,323.85 251,908.46 247,451.31 . Pesos 2,727,855.36
GOLD CREEK CONTRACT By mutual consent, milling of ore under this contract was discontinued during the year to enable further development work to be undertaken. This work has been so far completed as to make it economically feasible to l'e-start miUing again in February of this present year. RESERVES The reserves of ore on your property are given in a separate schedule and you will observe that the total is only some 6,000 tons below the 1935 figure. This may be considered highly satisfactory in view of the fact that 208,772 tons were milled in 1936. DEVELOPMENT
The General Manager's report is enclosed giving a resume of the work accomplished during the year. The option on the States Group of claims has been in operation since February 17th, 1936, and expires on February 17th, 1937. So far no body of ore of commercial values has been encountered. but the option may be renewed for a further pe~ riod in view of the fact that certain areas have not been completely explored. BALANCE SHEET
The duly audited Balance Sheet as of December 31st, 1936, is enclosed and discloses the satisfactory financial position of the Corporation. The authorized capital of the corporation is started for the first time at the new figure of Pesos 3,000,000.00 in accordance with the resolution passed by the stockholders on December 2nd, 1936. The stock dividend of 1000/0 was not issued until January, 1937, and accordingly no alteration is made on the figure for "'Capital Issued" which t:emains bhe same as in previous Balance Sheets . CONCLUSION
1 wish to conclude my report by expressing. on behalf of the Board, my appreciation of the loyal services of our General Manager and his staff during the year which makes it possible to record in the fifth year of the Corporation's existence a performance sUrpassing all those of previous years. (Sgd.) ANDRES SORLANO. President. ANTIPOLO MI NING COMPANY Head Office: 302 Uy Yet Bldg., Manila-Re~ gistered,' November 13, 1935-Term: 50 yt'ars-
PHILIPPINES
27
ANTIQUE CONSOLIDATED MINES, INC Statement of receipts and expenses for the petiod from July 2S ro Decembet 31, 1936 ASSETS
UABILlTIES
Fixed AS5CU;
Net Worth: Capital Scad: Au rhorizcd-
Mines and Min ing Properties, .. 1~1 ,014 , 395.82 Exploution :u1d Deyelopment.
90,764.621"1,105, 160.44
(20,000,000 shares
:1.{
''>0.10
each)..
Buildings .....
. ... 1'
Machinery and Equipmcnts .•.
1'2,000,000.00
Less Unissued Srock..
5,017.71 649.67
885,723.60
Stod: hsued and Oumanding .. 1~1,1l4,276.40
Tools and Implements ...
1,660.64
In the Hands ol Trustees..
47,798.60
Furni t ure and Fixtures.
2,044.28
To tal Swelt: Outs tand ing ..
1~1,162 ,075 .00
sao.OO
Automobi le ...
Total. ..... ............ "' ... 1'
Deduct: Profit and Loss Acct.
9,872.)0 1,102.28
'P Roads and Trails.
31,224.5:1 1'1,I.}O,850.47
Current Liabilities: Cito Spcn. & Sons, Ltd.
9 ,000.00
S,nO.Q2
12,118.25
20,888.27
Current Assets: Philippine Nationa.l Bank ...... f'
2,385.06
Hongkong and Shanghai Banking Corpora ti on ..
3.00
C;asb Advances to Em· ployees ............. f'888.16 Less, Reserve [or Losses. Subscriptions Rece ivabl e
848.96
Ocferred Charges: Organization Expenses. ' Oc posit lor Taxes ...
39. 20 7,001.50
9,428.76
1,808.00 2,565.00
4,37).00
---
f" 1,1)9,850.47
Proceeds from Ore Sales Ded uc t, Operating aod Marl.:e ti og Expenscs; Min ing Orcs ......... ........... . Hauling, load ing and trucks .... . Assaying expensc. Superin teoden" .. . . ........... .. . Lis:htering and loadin~ orcs ..... . ShIpping, freight and msurancc .. . Commission on sale of orcs ... Gross Loss from Operations. DedUtt, General Ol'crhcad: Saluies and Wages ..... Legal fees and upcnscs. Advertisements.
'f"15,046.29 t~8,049.85
2,627 .65 17.62 2,175.25 457.20 12,459.l3 412.00
1"2,005.07
1.090.50 579.00
26,198.70
'Pl,l39,850.47
Traveling ex pe nses, officers .. Depredation .............. . Adv ances and shortage written off. Taxes and licenses .. ........... . . General adm iniuratil'e expenses., .
824.40
1,102.28 848.96 545.88 1,648.10
Total admioiuration expenses .. 1"8,644.19 DedUCt, Transfer fees and other iocomc ... 572.07
8,072.12
-",--,-----.
Net Opcratiog Loss ........................... (t~19,224.53) Loss from Damages Claim of Ciro Spera & Sons, .... ... .. .. .. .... . .. . 12,CXXl.OO L td. Total Net Loss for the Period ...
( 1'31,224.5})
28
THE COMMERCIAL
&
INDUSTRIAL MANUAL
Business: To explore, exploit, mill, extract, convert prepare, manufacture, buy, sell, baTter in any man~ ncr produce, deal in gold, silver, cop per, chromlte, zinc, petroleum, oil, manganese, etc.-Nationality: Filipino-Capitat Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each-SubSc1'ibed O:upital: Pesos 250,000.00Capital Paid: Pesos 62,500 .00-DirectoTs,' Tomas del Ri o, Carlo:; Oteyza, Benigno del mo, Martin Eiguren and Joaquin Ramirez-Treasurer: Carlos Oleyza, 2091 Robert, Pasay. Rizal.
quire any and all kinds of bonds, mortgages, credits, debentures. coupons, bills of exchange, promissory notes, negotiable, instruments, shares and all kinds of securities, etc.-NattionaLity: Fi lipinoCapital Stock: Pesos 150,000.00 divided into 15,000,000 shares of the par value of Pesos 0.01 eachS1Lbscl'ibed Capital.' Pesos 33,500.00-0.upital Pp..id: Pesos S,375.00--Directors: C. E. P osadas, J. C. Sebastian, A. A. P osadas, L. N. Javinez, F. Astilla, L. A. Chee and V. S. Posadas-T"ea8itTcT: L. N. J avi nez, Manila, Philippines.
ANTIQUE CONSOLIDATED MINES, IN C. Head Office: Montinola Building, J. M. Basa & Alcleguer 8ts, P . O. Box 425, Iloilo, Iloi l o---Incor~ porated under the laws of the Commonwealth of the Philippines-Capit(L! Stock: Pesos 2,000,000.00 divided into 20,000,000 Shares at a par value of Pesos .10 a share--Directors: Pedro A Regalado, Member; Dr. Manuel V. Hechanova, Vice President & General Manager; CesaT Ledesma, President; Juan Isasi, Leopoldo, H omihosa, Tio Yao, Directors; Arsenio T. del ROSU1'io, Secreta ry-Barnl, Reference : Philippine National Ballk~ Hongkong and Shanghai Banking Corporation. Report of Directors, March 6, 1937: . Your Co~pany w~s orgaV.ize~ without properties. The object of tlhlS orgamzatIon was to obtain control of mineral deposits pertaining to the San Jose Syndicate Mines, Inc., the Solong Mines, I nc., the Antique Chromite Association, the Ton y Group Association and the Antique Mining Association. Qur paper of incorporation was duly registered in the Bureau of Commerce on the 17th day of :June 1936. The stockholders meeting for organization was held on July 11, 1936.
ARAMBULO PRODUCTS (CH INA) I NCORPORATED H ead Office.' Quesada St., Manila-Regi8tered.· June 26, 1935--Term: 50 years-Business: To promote, propagate and sell the ARAMBULO PRODUCTS in China - NatioMlity: Filipino-Capital Swck: P esos 20,000.00 divided into 400 shares of the pay value of Pesos 50.00 each-Subscribed COIpital: Pesos 15,750.00-Capitnl Paid; 3,937.50-Directors: Primo Arambulo, Lor eto Sevilla de Arambulo, Consolacion C. de Go J ose Go Quiolay, Ngo Ka Tio, Aclel Juliano and F.laviano Sevilla. (Adel Jul iano and Flaviano Sevilla are directors only) -TTeasul'er .·-Consolacion C. de Go. 945 Magdalena, Manila.
APEX MIIN I NG PROMOTION AND INVESTMENT, INC. Head Office.' Manila, Philippines-Registered.' December 21, 1936-Term: 50 years-Business: Investments-Nationali.ty: FilipinO-Calntal Stock: Pesos 24,000.00 divided into 240 shares of the par value of Pesos 100.00 each-Subscribed Catpital.· Pesos 4,SOO.00-Capital Pw'd: Pesos 1,200.00-1ncorporators: Me)quiades G. Virata, Andres Luciano, Emiterio Ramos, Candido Remulla and Alejandro Roces. APO MINERAL INVESTMENT CORPORATION Head Office: 333 Crystal Arcade, Escolta, M-anila-Registered: September 24, 1936-Term: 50 years-Bul.-i·,zess.· To purcha;;e, sell, exchange discount., negotiate, deal in or with, issue and ac-
ARAMBULO PRODUCTS, INCORPORATED Head Office: 1 Quesada, Manila-Registered: August 27, 1935-Term: 50 years-Bllsiness.· To m a nufacture, prepare, promote, propagate and sell the Arambulo P.roducts-Nationality.· Filipin()CUI)ital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 eachSllbscribed and Paid-in Ca,pital.· Pesos 100,000.00; Cash .' Pesos 500.00; PropeTty: Pesos 99,500.00-D·ireotors .· Primo Arambulo, Loreto Sevilla de Arambulo, Flaviano Sevilla, Alejandro de Jesus and Primo Al'ambulo, Jr.- Treasurer.' Loreto Sevilla de Arambulo, 221 Morga, Manila. ARANETA & COMPANY, INC. Head Office: Manila, Philippines-Registered: December 22, 1936-Term: 50 years-Business: Investments-Nat·ionlllity.· Filipino-Capital Stock: Pesos 400,000.00 divided into 4,000 shares of the par value of Pesos 100.00 each-Subscribed Capital.' Pesos SO,OOO.OQ.-Capital Pp,id: Pesos 40,000.00Incorporators.' Jose Araneta, Salvador Zaragoza, J. Antonio Araneta, Ramon J. Araneta and Manuel Alcuaz. L. ARANETA TR ADING, INC. Head Off1·ce.· I::.a Defensa Building, P laza Santa Cruz, Manila-Nationality.' FilipinO-B!t8ine8.<1 .· rm-
29
PHlLlPPI NES
Reuistcred: Odobe!' 12, HI36--Tenn : 50 years-B usiness: To buy, sell, de-velop, exploit, promote manage, and administrate, and locate mines and mineral claims for clients, To buy and sell mining s hures and stocK, in our capacity as share and stock brokers-Nationality: Pilipino---Capital Stock: Pesos 10,000.00 divided into 10,000 shares of the pal' value of Pesos 1.00 each-Subscribed C(1)ital: Pesos 2,500.00-O:vpitul Paid: Pesos 625.00 - Di1·eot.o1·S: -D. A. Bruen , Pilar T. de la Rama, F. Mantilla, Jose de la Rama, E. J. McKinney, M. L. Mantilla. T. N. l\'fcKinney and J . S. Llaneza. (M. L. Mantilla, is an incorporator only)-Treasurer: E . J. McKinney, Manila 421 Bambang.
porters, Exporters, Manufacturers' Representatives _Teleqra11h: "Alantaco" - Of/icel's: Leopoldo Araneta, President, Dr. Alfredo Pal'cdes, Vice-President, David S. Militar, Secretary and Treasurer-Agents /01': American Garment Co .• Boston, Mass.; States Petroleum Corp., San Francisco; Philadelphia Ocean T raffic Bureau, Philadelphia.
ARCADE GALLERIES I NC. J/ c(ul Office: Crystal Arcade, Bldg., Manila-
R eoitltercd: October 24, 1935 Term.: 50 yearsBusiness: To engaged in and operate, conduct and maintain recreation halls in general, and particularly bowling alleys and shooting galleries in the Philippine Islands, etc.-Nation.ality: Filipino--Capilttl Stock: Pesos 25,000.00 divided into 500 shares of the par value of Pesos 50.00 eac h-St~b~ scribed CapitaL: Pesos 10,OOO.00-Ca.pital Paid: Pesos 3,990.00--Directors :-Augusto C. Gonzales, Carmen P. de T avera de Gonzales, Enrique Caguiat, Hermino Caguiat and Nicolas Mercado---Trea surer: Augusto C, Gonzales, 136 V, Mapa, Manila.
ARCO SHOWS, INC. Hend Office: 2nd F lool' Insular Life Bldg., Manila- Regis tered: March 6, 1935-Te-rm: 50 years -Business: To operate theaters, circuses, athletic exhibitions, and sporting contests, etc-Nationality : Amer ican-C,apital Stock: Pesos 50,000.00 divided into 500 shares of the par value of Pesos 100.00 each-Snb.~cribed Capital: PeS<lS 10,400.00-Capitlll PaUl: Pesos 10,lOO.00- Ruth Schedler, J ose Nepomuceno ~nd Bert A. Wyss-Trea-sttrer : Bert A. Wyss, M~nila, P. I.
ARCHIPELAGO MINERAL 'EXPLORATION DEVELOPMENT & PROMOTION CORP. Head Office: 426 P. Gome~ Quiapo, Manila-
ANALGINA ARAMBULO h a very dfecth'c rem:dy a&ainn RHEUMATISM. NEURALGIA, CON. STIPATION, HEAD·AC HE and PAINS in any pan of body, BURNS, INSEerS' BITES WOUNDS, [or Slopping the flow of blood in cut or bruises, for CHOLERA, DiARRHEA , STOMACH-ACHE, and tympanitics among
the childrcn, etc.
ARAMBULO PRODUCTS, INC. 1l0TICA INSULAR" LABORATORIO INSULAR
No. I Quesada, Tcl. 4·82-06, P. O. Box 976 Manila ublc address, "BOTINSULAR MANILA " Matk
;11 ,b, Phi/il'pillfS
30
THE COMMERCIAL & INDUSTRIAL MANUAL
ARGONAUT MINES COMPANY, INC. H ep.d Office: Room 507 Philippine National Bank, Manila-Registered: January 8, 1937-Tenn: 50 years-Bmliness : Mining-Nationality; Filipino -Capital Stock: 1,000 shares without par valueSubscribed CUl, jtal: Pesos 1,OOO.OO-Capita.l Paid-in: 25D.DO-Incorporators: A. K. Doe, A. L. Eseueta, R. E . Northrop, Dwight Shouse, E. Bond. R. Escueto, M. A. Sautos and M. Escueta . ASBESTOS MINING CO. I NC. H ead Office : 554 Rizal Avenue, Manila- RegisfeTed: OclobE'r 30, 1935-Term: 50 years- B usiness .Mining ; to Locate, Prospect, and Explore for, Develop, Purchase, Sell, Lease, and Operate mines and Mining claims, etc- Nationality.- Filipino-Capital Stcok: Pesos .15,000.00 divided into 450,000 shares of the par value of Pesos 0.10 each-Su bscribed Capital : Pesos 9,007.20-Capital Paid; Pesos 2,251.80-Di".ectors.\. Pablo Bustamante, Louisa E. PUrisima, (Mrs.) F.'-Aguinaldo, Juan Florendo and Bienvenia R eyes-TnlGsurer: Pablo Bustamante, 554 Rizal A venue, Manila.
ASCO COMPANY, I NC. Hepd Office: Cebu, Cebu-R egistered: November 19, 1935-Tertn; 50 yea~s-BI/siness: Manufacture and Sale of drugs, Natl,'e Products and Merchandise in General, etc.-Nati07lality: Fi lipino--Capib:ll Stock: Pesos 45,000.00 divided into 450 shares of the par value of Pesos 100.00 each-Subscribed Capital: Pesos 27,000.00-Capital Paid: Pesos 7,1 00.00; Cash: Pe sos 5,010.00; Property.· Pesos 2,090.00-DiJ'ectors: Perpetuo L. Suico, Pilar Espina de Suico, Marcelo S. Flores, eastora Abrea de Flores and Go Chan-TrtUlSurer .. Go Chan, 109 Magallanes S7., Cebu, Cebu . ASIA LIFE INSUR AN CE COMPAN'Y Head Office; Shanghai-B'l"Unches: Throughout China, Philippines, French Indo-China and Malaya -Nationali ty: Amel'ican-Rllsiness: Life Insurance -New YOI·k Office: 80 Williams Street-Incorporated under the Laws of the State of Delaware in 192 1-Alahorized C(t1)ital: $500,000.00 in 100.;.)00 Shares of $5.00 each-Paid-in Capital: $200,000.00 -Officel's: Mansfield Freeman, President , N. Vander Starr, Vice-President, and Secretary, F. B. Baldwin, M. D., Vice-Pl·esident, W. A. Hale, Treasurer. ASIATIC AGGREGATES, I NC. H e.1.d O/fice: Manila, Philippines-Registered: September 29, 1936--Term: 50 years-Business: Consulti ng and Contracting Mining, Mechanical and
Civil Engineers-Nationality: American-Ca.pital S tock: 1,000 sha r es without par value--Subscnbed Capital: Pesos 1,000.00-Capital Paid: Pesos 250.00 -Directors: A. K. Doe, A. L. Eseueta, R. E. Nort hrop, D....'ight Shouse, M. Eseueta, R. Escueta and P. Bella (R. Escuelta and P. Bella, are incororatOrs only)-Treusll"rer: Dwight Shouse, Manila. ASIATIC COMMERCIAL CORPOIMTI ON Hea d Office: 132 Juan Luna, Manila, P. I. Nationality: American Filipino---Business: Importers and Whol e~ellel's, General Merchandise ami Manufacturers R epresentatives-Established : September 16, 1929-Authorized Capital: Pesos 100,OOO.OO-Paid Up Capital: Pesos 80,100.00-Par V.alM of Shnres: Pesos 100.00- Telegraph: Reico--Codes: Fifth & Sixth Edition A.B.C. Lieber's, Bentley's Acme, R<.ldolf Mose and Suplement, Private, - Principals: S. J. Wilson, President; F. Akerman, Vice-President; P. Laconico, Secretary-Treasurer; Directors: Gu s. Otto, A. J. Velilla-Agencies: Various Parts of the Philippines.-Bamk Reference: China Banking Corporation. THE ASIATIC PETROLEUM CO. (PHILIPPINE ISLANDS), LTD. Head Olfice: London- Manila Office: Hongkong Bank Building- Branches: Cebu, Jloilo---Ntzotiona/ity: British- Business: Importers and Distributors of Petroleum Product s-Established: 1914-Private L imited Company Incorporated under the Laws of the Philippine Islands- Au thorized Capi/l!l.l: .£200,000.0.0. in 10,000 Sh'ares of .£20.0.0. each fully paid up-Telegraph Address: Petrosilex-Codes Used: Private, Bentley's A.B.C.-General Manager, Hongkong; T. K. Bousfield-Manager, Philippine Islands; H. C. Whittall-Bank Reference: Char· tered Bank of India, Australia & China-The Philippine I slands are under the Hongkong Office. ASIATIC-PHILIPPINE TIMBER COMPANY, INC. Head Ofbee: El Hogar Building, ManilaB,·a?ich: Mago-ong, Iligan Bay, Lanao, Mindanao--NationaHty: American-Filipino-Gel'man-Business: Forest Exploitntion; Saw Mill Operators-Established: June 1936-GtHicral Mallager : J ohannes Kin_ na-Pllid-ill Ca.pitai: Pesos 60,000.00-Teiegraph Address: Apico---BaJlk Rcfcrencc: Chartered Bank of India, Australia a nd China. ASlER MINING CO RPORATION Head Officc: 40 Plaza Moraga, Manila-Establinhed: August 18, 1937-Tel'1n: 50 years-BI/siness:
PHILIPP INES To prospect for Orc:; and Minerals; Locate Mining Claims; to Explore and Mine for Gold, Silver, Copper, etc.-Nationality: Filipino-Ca.pital Stock: 8,00(\ shareli, divided into two classes-3,DOO shares with a nominal or par value of PIa.OO each; and the remaining 5,000 shares without nominal or par value-Capital Subscribed: f'8,OOO.OO-Capital Paidin: P2.000.00-1ncm'llorato1's: Claudio Aldecoa, Claudio Zuloagn, Ricardo Arriandiaga, Juan Isasi and A. de Aboiti:r. Pinaga.
ASIATI C PH I LI PPINE TI MBER CO., INC. Heacl Office: Manila, Philippines-Bra1lch: JIigan-Register ed: June 19, 1936-Tenn: 50 years-Busines8: Philippine Timber-Nationality.- Filipino -Authorized and Paid Capital: Pesos 60,000.00hlcorporators and Directors; Leoncio 1\1. Aranda, Carolina Cenjor, Jose DUran, Frank L. Schleipen and Johannes Kinnn-Ba1!k Reference: Chartered Bank of India, Australia and China-T1'easurer; Manila, Philippines. ASOCIAClON DE AGRICUhTORES DE BINALDAGAN ESTATE, loNC. Head Office: Binaibagan, :&egr06 OccidentalRegistered; October 30, 1935-~erm.; 40 yearsBusiness; To work with faithful compliance of whatever right:; and Obligations which exists reeiprocally between the Binalbagan Estate, Inc. and the members of this nssociation-Nationalit>y.- Filipino--Directl)Ts: Miguel M. Gatuslao, Jesus V. Gonzaga, Segundo Montilla, Francisco Y. Yulo, Serafin Parcos, Francisco T. Ramos, Claudio Aidecoa, Oscar Ledesma, Jose M. Yusay and Jose G. Montalvo, (Osiar Ledesma, Jose 1\1. Yosay and Jose G. Montalvo are inrorporators only)-TrMsorer: Serafin Parcos, Hiniaran, Negl'os Occidental. ASOC IAClON MELTOPAS Head Office: Batangas, Batangas-Registered; April 8, 1936-Ternt; 25 years-Business; TI) acquire a second hand Truck for use of the members exclusively in transporting their goods in different markets-N,~tionality.Filipino--Inco1'porators & Directors; Meliton Vergara, Sancho Surnanga Lucia Cantos, Engracia Ona , Agapita Gadtula, i1aria de Castro, Leonardo Catibog, Maximina Villavecencio, Eugenia Mendoza, Conchita Lobreco, Andres
31
Geron, Esteban AdarJo, Timoteo Pafiganiban, David Pafiganiban and Francisco Marquez (Meliton Vergara, Sancho Sumafiga, Lucia Cnatos, Leonardo Catibog and Conchita Lobreco, are directors only.) _Treasw'er: Meliton Vergara, Batangas, Batangas. ASOCI ACIQN NACIQNAL DE PRODUCTORES DE ABACA Head Office; 33 Room El Hogar Bldg., Manila -Registered: May 8, 1936-TeT7n: 50 years-Bus iness; Promote, Maintain, Develope, Improve the agriculture and the industry of hemp in the Philippines-Nationality: Filipino-incorporators; Mariano Garchitorena, Buenaventura Erquiaga, ApoIonia Zapanta, Juan S. Alcazar, Manuel Ferrer, Rufino Naddo, Sm. LeonaI' R. de Moll, Emiliano C. Adorna, Jose Alvarez Ruibamba, Enrique Kare, Jesus Ubalde, Vicente Grifaldo, Leoncio Grajo, and Amado Golpeo-Directors.- Mariano Garchitorena, Buenaventura de Erquiaga, Apolonia Zapanta. Sra. LeonaI' R. de Moll and Exequiel Kare, Acting President: B. de Erq\liaga, Secretary-Treasurer: Jose B. Santos. ASOCIAOION P RO-IDIOMA HISPANO Head Office; 520 Evangelista, Quiapo, ManilaRegistered: June 17, 1925-Term; 50 years-Business; To preserve the Spanish in the Philippine islands, and to provide free daily classes in Spanish in Manila , etc.-Nationality: Filipino-incllr}Jor'ar tors and Directors; Victor Molina Martell, Juan Molina Martell, Faustina G. Castro, Enrique Salcedo, Florencio Barbaza and l\'lilagros C. Calimag. ASOCIACION DE TRAFICANTES AL POR MENOR DE MERCANCIAS GENERALES Head Office; Lipa, Batangas-Regis te)'ed; July 20, 1935--Term.: 25 years-Business: To acquire thru purchase one second hand truck for the exclusive use of the members in transporting merchandise to different markets in the Islands of Luzon-Nationality: Filipino-l1!corpor,atoTs and Di)'ec+ tors: Ernesto Silva, Susana Reyes, Maria Recio.. Adeladia Mayo, Paz Atienza, Bienvenida Inciong, Natividad Linao, Juan Guevarru, Cipriano C'imaano, Lorenza Paran, Mal'ia Malabanan, Ursula Malabanan, Segunda Malabanan, Marciana Bautista and Nicodemus de Silva. (Nicodemus de Silva, Er_ nesto Silva, Adalaida Mayo, Paz Atienza and Su-
NOTE :_THE INFORMA"TION CONTAINED IN THE COMMERCIAL a INDUSTRIAL MANUAL OF THE PHILIPPINES IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS T H EREFORE REGARDED AS ACCURATE . BUT IT I S NOT GUARANTEED IN ANY WAY AND NO RESPONS I BILITV THEREFORE CAN BE AT T ACHED TO THE PueLISHERS OR ANV REPRESENTATIVE T H EREOF.
32
THE COMMERCIAL & INDUSTRIAL MANUAL
sana Reyes, arc director only)-Tt'easurer: Nicodemus de Silva, Banay-hanny, Batangas.
ASOCIAClON DE VENDEDQRES AMBULAN. TES AL POR MENOR DE TODO GENERO DIE l\IERCANC IAS Head O/lice: Lipa, Batangas-Rcgistc1'cd: adobe I' 1, 1935-Term: 25 yearS-B1(sil!ess: Transporting Merchandise -Nationality: Filipi nO-Di?'eotOTS: Cipriano Cordero, P acifico Espinili, Isabel Mendoza, Virginia Maria Gobito, Cornelia Bande_ lari a, Aurelia Tones, Guillcl'ma Al'anda, Felicidad H ernandez, Maria Landioho, Catalina, Donata Pasia, Concepcion Cornejo and Salud Macasaet, (Maria Go_ bito, Cornelia Bandclaria, Aurelia Torres, Guillcl'rna Aranda, Felicidad H ernandez, Maria Landicho, Catalina Roxas, Donata Pasia, Concepcion Cornejo and Salud Macasnet, are incorporators only1'1'eusm'cl': Cipriano Cordero, Poblacion, ASOCIACION ZANJER\ GANAGAN Head Office: Bacal'ra, llocos No rte-Registe7'ed; December 11, 1936-1'e,,"{n; 50 years-Business : Irngation-Ncrotionality: Fili~ino - Iru;of'prJ)'ators; Leoncio Barut, Bonifacio B ~rut, Cornelio Barut. Saturnino Lacal', Simon Madkmba, Juan Adaoag, Cesareo Barut, Apolinario Acob, Marcelo Ancheta, Cirilo Carnate, Juan Tangonan, Rufino Ramones, Atanacio Baquiran, Paulino Simeon and Lucio Maluyo. ASOCIACION ZANJ ERA DE LAPAL~PA颅 QUIBQUIBBIT Head Office: Piddig, I10cos Nor te-Registered: November 6, 1935-T e1'111.; 50 yen:rs-Business; To construct, Maintain and Improve Irrigation for the lands owned by the members situated in the sitios of Lapalapa and Quibquibbit, Barrio No.5 of the municipality of Piddig, llocos Norte-Nationality: Fili pino--Di1'ectors; Pantaleon Arquero, S ilvestre Gastro, Cesareo Estabillo, Julio SUguitan, Gregorio Lorenzo, Proceso Calistro, 1\lacario Castro, Cesareo Mariano, Gerardo de la CI'UZ, Damian Crisostomo, Martin Andres, Federico Pablo, Policarpio N icolas, Sabas Mariano and E varisto Baliza (Pantaleon Arquero, Julio Suguitan, Proceso Calistro, l\1acario Castro, Cesareo Mariano, Damian Crisostomo, Martin Andres, Federico Pablo, Sabas Maria no and Evaristo Baliza, are ineorpol'ators onl y)-T?'easlI_ TeT: Gerardo de la Cruz, Piddig, Ilocos Norte.
"ASOCIACION ZANJERA DE TUBBURAN " Hend Office: Bacana , Ilocos Norte, P.I.-RegisteTed; March 12, 1935--TeTln.: 50 years-Busi_ ness: To Construct, Preserve, Maintain and Improve dam and Canal for I rrigation of the land, etc.Ncrotionality: Filipino-Dil'cctors; Felipe Pilar, Gregorio Pilar, Pedro Juan, Agnstin Tumaeder, Lucio Pilar, Pedro Rivera, Agapito Natividad, Gregorio Teppang, Luisa Pilar, Nicolas Castillo, Carlos Baldeloza, Ambrosio Cadiz, Francisco Tangonan, Fran路 cisca Andres a nd Hilario Cardona (Lucio Pilar Gregorio Teppang, Luisa Pilar, Nicolas Casti!lo, Fl'ancisca Tangonan and Francisea Andres are incorporators only)-T7'cusIITe/': Hilario Cardona, Baearra, I loeos Norte. THE ASSOCIATED AGENCI ES, INC. Head Office: 852 R. Hidalgo, Manila, P. O. Box 1226-Nati01lalit11; Filipino--Btlsiness: Drug Importers--Established; 1931-P)'incipal: J. Arnaul'!; Pl'esident-Aut}wrj;:ed Capital; Pesos 100,000.00P,'lid-in Capitul: Pesos 20,000.00- Pa1' Value 0/ Shares : Pesos 100.00-A 1I1I'Uo.l T tlT7tOver : Pesos BO,OOO.OO--Reserve; 10 ~- Agents for: Laborator ies du Dr. P. Astier, Paris; Establishments Ed. Deschiens & Cie., Pari s Laboratories P. Famel, Paris ; Establishments Fumouze, Paris ; Laboratories L. Grias ; Laboratories I scovesco, Paris; E stablistJments E. Lancosme, Paris; Labora'ories Henry Rogier, Paris ; Laboratories Des Products Scientia, Paris; E stabli ssements R. Soudan & Co., Paris; Establissements Miraton-Chatel Guyon, Paris ; Laboratories V. F. Vicente, l\1udl'iad Seal-Ins Laboratories Inc., Los Angeles; Kelp.OI Laboratories Inc, Los Angeles-TclegralJ!t Address: A ssaginc-Codes: A.B.C. 5 th-Bct?1I~ R e/e1'(lIICe; NatiOllul City Bank of New York, ASSOCIATED FURNITURES MANUFACTURING CORPORATION He ad Office; BII2 Nann St" Manila-Registered; March 25, 1935-- T enn: 10 years--Busine8s: To Capital Stoch; Pesos 50,000.00 divided into 500 Manufacture of Furniture-Nntionality; ChineseCapital Stock: Pesos 50,0000.00 divided into 500 sha res of the pal' value of Pesos 100.00 ea chSubsc)'jbed Ca,Jitaf: Pesos 23,500.00-Capital Paid: Pesos 9,400.00- Director8; Lee Kip, Ly Bun Pin, Chua Lian Sun. Li Dio, Lee To, Dy Yok and Siy Ki ok-T1'eU8w'er; Lee Kip, 356 T. Pinpin, Manila. ASSOCIATED MINES, INC. Head Office: 226 Crysta l Arcade, Escolta, 1\1anila-Regi$tered; August 21. 1936-T enn; 50 years
PHILIPPINES -B,IsilleS8; !\lining, Milling,
Concentrating, Converting, Smelting, Treating, Preparing for Market, Manufacturing, Buying, Setling, Exchanging, and otherwise producing and dealing ill gold, silver, copper, lead nnd all kinds of ores metals and minerals, cWo-Natiollality: Filipino-Cctpital Stock.- Pesos 1,000.00 divided into 100,000 shares of the par value (If Pesos 0.01 each-8ubscribed and Paid-in Capital: Pesos 1,aOO.DO-Directors: Domingo T. Dikit, Joaquin Luciano, Miguel Cuaderno, Manuel Arroyo, Marcelo Tansengco, Antonio A. Jose and Edmundo Dikit. (Antonio A. Jose and Edmundo Dikit, are incorpol'ators only)-Treasw路tw: Joaquin Luciano, Cavite, Cavitc.
JJ
nuel P. Sunga and J. L. Maneja-T"easuI'er: D. C. Matias, Mani la. ASSOCIATED RADIO OWNERS OF THE PHILIPPINES, INC. Head Office: Manila, Philippines-Reoiste)'ed: September 9, 1936-Term: 50 years- Business: Radio sets or their spare parts-NaL1'onality: Filipino-Capital Stock: Pesos 10,000.00 divided into 500 shat'es of the pal' value of Pesos 20.00 each-S1tbscribed Capital: Pesos 2,000.00-路Capital Paid: Pesos 600.00-Directol's: Juan i\L de los Reyes, Esmeralda R. de Leon, Claudio C. Santos, Buenaventurn Banayo and Francisco Domingo-7'rcasurer : Esmeralda R. de Leon, 1168 Singalong, Manila.
ASSOCIATION OF RETIRED AND PENSIONED OFFICERS AND EMPLOYEES OF THE ASUNCION ROSES & SON BUREAU OF HEALTH Hcad Of lice: 312 A-Perdigoll, Manila- Regis. Head Office: 1690 Washington, !\Ianila-Regis_ tared: June 29, 1936-71erl/l; 50 years-Bl(siness ; tel'ed: July 3, 1936-Ter-ln: Five (5) years, from To cooperate with the Bureau of Health, (the the date of Registration-Busilless General Mermembers of the association are sti ll, although not chandise- Nrtiiomdity: Filipino-Capital: Pesos 5,in active service, p;ll't and !)urcei of the personnel OOO.OO-Capital contl'ibuted by eacl~ pal路tllcr: Asunof the Bureau) in its fum.:tion s of protecting the cion R. t<;asilag, Pesos 4,000.00; Octavio G. Kasilag, health of the people and maintaining sanitary con- Pesos 1,0'o0.00- Ma1wgel': Asuncion R. Kasilag. ditions in the Islands-Nationality: Filipino-h!_ COrJlOmtol's and Directors: Rafael Villafranca, ATHLE'I11C SUPPLY COMPANY Head Office: Manila, P. I.- Nationality: FiliVicente l(if'I'u1f, Charles F. Brantigan, Florentino Ampil and Mamerto Tianco-TI'casw'c)': Vicente pino~Busilless: Sporting Goods; Importcrs and Kierulf, Manila. Dealers-Eswblisked: October 14th, 1936-P)'incipals: Francis Lusk, President and Director, H. A. THE ASSOCIATED PARENT-STUDENT CORP. Wendt, Vice-President and Director, Proceso RiHead Office; Room 25 Santos Bldg., Manila- vera, Secretary-Treasurer, Alhedo Ferrel', DiT enl!: 50 years-Business: To promote the welfare rector, P edro Robles, Director-Autholized Capital: of the membcrs thl'u economic purchases of equip- Pesos 100,000.00-Paid-in. Capital: Pesos 70,000.00 ment and su pplies-N(I.!.iollality: Eilipino-l7!cor~ - Pa,' Value of Sha,路cs: Pesos 10.OO- Bal!k ReferIlorators: Cecilio Maneja, D. C. Matias, Cal"ios ellce ; PhiHppine Tt'ust Comlmny. Young, C. Jose M. Alvarez, Cenon Monasterial, Manuel P. Sufigu, Jose Hizon and Filomeno C. Yap- ATIMONAN ICE PLANT COMPANY INC. Directors: Cecilio l\Ianeja, D. C. Matias. Cr.l'los Head Office: Atimonan, Tayabns-Registe,'Young, C. Jos" 1\[. Alvarez, Cenon j\'! onaslel'ial, Ma- ed: September 23, 1936-Term: 20 years-Business:
ATHLETIC SUPPLY COMPANY t\i[:l.niJ:t, P . L
SPORTING GOODS IMPORTERS AND DEALERS ~raocis Lusk, President :tod Director, H. A. Wendt, Vice-President and Director, Proceso RIvera, Secretary-Treasurer, Alfredo Ferrer, Director, Pedro Robles, Director.
Prillcipals:
}4
THE COMMERCIAL & INDUSTRIAL MANUAL
-I
ATLANTIC, GULF & PACIFIC COMPANY OF MANILA ENG INEERS-MANUFACTUR ERS-CONTRACTORS T ELEPHONE No. 2-20-51 77- 79 MUELLE DE LA Ir-.roUSTRIA MANILA, P. I.
ENGINEERS AND CONTRACTORS FOR: Dredging- Land Reclamation-Docks-Piers-Foundations-Bridges-Stee1 Buildings - Tanks-Lighrers.
• OPERATORS OF: Structural Steel Shops-Machine Shops-Foundries (Iron, Steel and Brass)-Rock Quarry (Rip Rap and Crushed Rock)- Timber Concession and Saw Mill- Lumber Yard-Pressure-Treated Timber (Creoso ted and ZMA-treated)-SlipwayLaunches- Lighters-Scows- Pump Barges-Salvage Equipment S. S. "ATLANTIC GULF".
• EXPORTERS OF:
Philippine Lumber.
• GENERAL MANAGERS FOR: Exporting Iron Ore.
The Philippine Iron Mines, Inc.,
PHILIPPINES Ice Manufacturing-Nationality: Filipino-Ca.pital Stock: Pesos 25,000.00 divided into 2,500 shal·cs of the par value of r esos 10.00 each-Sub8c'-ibed Cap~ ital: Pesos 5,OOO.00-Capital Paid: Pesos 4,4'10.00DiJ·ector8: Ramon Soler, Leandro AJvarez, Pedro G. Pareja, Matilde S. Pareja, Cecilia' Martinez, Eus~ taquio San Juan, Manuel Soler, Simplicia Garin and Gregorio Romualdo-TJ·eas!tTer: l\Iatiide S, Pareja, Atimonan, Tayabas, ATK INS KROLL & CO., INC. Head Office: Manila;-B I'anch: Zamboanga•1\,ra tioJlaiity: American-Busine8s: Philippine Representative of Supplicrs of Food Products, Machinery and Equipment; Importers of Food Products, Ma· chinery anr! Eqiupment ; Exporters-Bank Refer~ elICSS : Hongkong and Shanghai Banking Corp.; Chartered Bank of India, Australia and China. ATLANTIC, GULF & PACIFIC COMPANY OF MANILA H ead Of/ice: 7'1~'19 Muene de la Industria, Manila-Natir.nality: American-Business: E ngine. COTS and Contractol·8 fOl": Dreo.rng; Land Reclama· tion; Docks; Piers, Foundations; Bridges; Steel Building<>; Tanks ; Lighters, etc,-General Manayerp for: The Philippine Iron Mines, I nc. ATLAS FURNITURE CO ., I NC. H ead Office: 11 05 Avenue Rizal, Manila-Natjountity: Filipino-Business: Manufacturers and Distributor s of Furniture, Equipment, etc.-Regi8t-. el"~(l: October 8, 193'1-Capital Stock: Pesos 10,000.00 divided into 10,000 Shares of Par Value of Pesos 1.00 each-Snbscribed Capital: Pesos 2,500.00-Paidin Capital: Pesos 1,'150.000-Incorporators : Marcos 1'11. Sunga, Dominador Muyot, Felicisimo Rivera, Do~ lores M, Rivera, Pablo Mangalonso, Consuelo Pasion, Fe Noble. ATLAS TRADE DEVELOPMENT CORPORATIO N Head Office: l\1anila-Nationalit·y : FilipinoBU8ine8s: Manufact urer s Rep re se ntativ~Establish _ cd: 1!)36-Pri1lcipals: S. Abraham, President; Dr, n. M, Moreta, Vice.PI'esident-Teleoraph: Atlascorp.-Ba.nk Refenm ce: Philippine National Bank. ATOK GOLD MINING CO, Head Off ice : 219, 13th Strect, Port Area, Mani~ la-NatioMlity: Filipino-Bli sincIB: Gold Mining,
35
Operating Under Contract the Property of tbe Big Wedge Mi nil'g Co" h ogon, Baguio--E8tablished: September 24, 1933-A u thorized Capa.tal: P esos 1,000,000.00-Paid Up Capital: Pesos 1,000,000,00 - Par Value of Share8: P esos 0.10-PrincipaI8: W, W. Harri s, Pres.; P. A. Meyer, 1st Vice·Pres.; J. Antonio AI'aneta, 2nd Vic'!-Pres.; J, B. Hoover, Treasurer; Directors: R. L, Janda, Jose Ma. Cacho, P. L. Mapa-Bank Reference: P t:!Oples Bank & Trust Co., Manila-Note: Atok Gold Mining Co. is solely an operating company a nd does not own any mining claims. THE AULT & WIBORG CO. (FAR EAST) Head Office: Cincinnati, Ohio--B J'anche8: 1\"1anil a, Shanghai, Hongkong, Canton-Jllanila Office: 1'16 Soler, Binondo, P. O. Box 1353-Nationality: American-Business: Printers Supplies-Private Company Owned by Interna tional Printing Ink Corporation, New Y ork-Bank Reference: National City Bank of New York. AYALA & COMPANY H ead Office: 3rd }o~loor Filipinas Building, Pla ~ za Moraga, Manila-Nationality: Filipino-Bus-iness: General Merchants-Private Partnership between Enrique Zobel, Jacobo Zobel, Alfonso Zobel, J , R. McMicki ng-Teleg"aph: Ayala. AYA L A SECURITIES CORPORATION Head Office : Filipinas Building, Manil a-Nationality: Fil ipino--B1tsiness: Stocks and Securities -E8tablished: September 20th, 1937---Capital Stock: PI ,OOO,OOO.OO divided into 100,000 shares of the par value of PI O,OO each-Capital SubscI-ibed and Paidin: P800,OOO.00-Incorporators: Mer cedes Zobel de McMicking, Enrique Zobel y de Ayala, J ose R. Mcl\1icking, Alfonso Zobel de Ayala, Jacobo Zobel y Roxas and Fernando Zobel y de Ayala. AZCARRATE CINEMA COMPANY, I NC. Head Office: San Pablo, La guna-Registered: April 3, 1936-7'enn: 50 years-BusinClIS: C i nellla~ tograph Buying, Leasing and Otherwise acquiring and Holding, Developing Exploiting, Running and or Di sposi ng of same-Nationality: Filipino---Capit(l.l Stock: Pesos 49,000.00 divided in to 490 shal'es of the par value of Pesos 100.00 each-Sllbsc,-ibed Capital: Pesos 49,000.00-Capital Paid: Pesos
36
THE COMMERCIAL & INDUSTRIAL MANUAL
12,625.00-Directors: Amparo Azcal'rate, Federico Azcnrrate, Soierlad AZcal'rate, Faustino AZCRl'rate, David Sayoe, COl'Uzon Marifio and Feliciano Alcantam (Corazon l\brifio and l. . eliciano Alcantara, arc incorporators only ); TteaSuTcr : Faustino Azcarl'at e, San Pablo, Laguna. B.B.B. Y LA IDEAL, I NC. ll ead Office: 5.,12 Echague, Manila -Nationality: Chinese-B1Isilless: Manufacturers of Cigarettes, i\lascuda and Pi cadura-Esta blis/led: 1877 and incorporated in 1935-PI'i)lcipa/s: Co Piat, l\'l anagel', Kaw Boon, Co De, Renito Co, Co Cuanco-Authol-ized and Pu id-U1> CalJit(tl: Pesos 500,OOO.OO- PU1' Value of S lw)"cs: P esos !OO.OO- Ba1tk Reference: Bank of the Philippine Isl ands-Cable Address: B.RE.
B-P-l\[ CONSOLIDAT.ED MINES, I NC. Hca d Ol/ice : 465 Sun Vicente, Manila-Nationality: FiJipino--BusilLess \ ~ining Company-Established: 1936-Altthorizcd 'Capital; Pesos 1,000,000.OO-Pa:id Up Ca1)itaI: Pesos 200,000.00-Pa7路 Value of Sha1'CS: Pesos O.Ol-Prlltcipals: Jose J. Roy, Pres ident; H. J . C. Corvered Secl'ctary-Treasurer f -Bank Reference: Philippine !National Bank. BAAY EXPLORATION COMjpANY, INC. Head Officc: 217 Regina Bldg., Manila-Registcrcd: November 9, 1935-Term: 50 years- B1Isi?lesS : Mining, Placer Mining, Milling, Concentrating, Converting, Smelting, Treating, P1'eparing for market, Manufactul"ing, Buying, Selling, Exchanging, and Otherwise producing and dealing in Gold,
Silver, Copper, Lead, Zinc, Brass, I ron, Steel . Limestone, and All kinds of ores, Metals and Minerals, etc.-Nationality: American-Capital Stock: Pesos 100,000.00 dh'ided into 100,000 shares of the par value of Peso,; 1.00 each-Subscl'ibed Co-pital: P esos 50,OOO.OO-Cal)ilal Paid: Pesos 12,500.00-Direct01'S: P. A. Meyer, Klal", John R. McFie Jr., F. H. Myers and J. C. Rockwell-Treasw'cr: D. L. Minnich, San Fernardo, La Union. W. R. BABCOCK & CO., :rNC. Hcud Officc : EI Hogar Building, P. O. Box 1222- B1'u1tChes: 183 Madison Avenue, New York City-Nationality: American-Busi1tess: Impor ters and Exporters; Philippine Producc, Hemp, Copra, Sugar, Hides, Skins, Gums, Petroleum Products, Printing Inks, Machinery, General Merchandise; Empt.y Gasolinc and Oil Drums-Established: 1911 - Pa1'(}-in C<lpitOoI' Pesos 121.300.00- Pa1路 Value of Sha"es: Pesos 10.00-Principal: W. R. Babcock, President and General Manager-Agents f01': Richfiel d Oil Company of California, Los AngelesTelegraph Address: Babtemp-Codes: Acme; Duo; A. B. C. 5th & 6th.; Bentleys; Liebel's; Universal; R. !I)'osse; Privatt>--Bank Refe'rencc: National City BanK of New York; Chartered Bank of India, Australia and China.
THE BACHRACH MOTOR CO., IN C. Heod Office: Port Area, Manila, P. I.-Branch: Raguio--NatiollaUty: American-Business: Import. 0 1'S of Automobiles Trucks, and Allied ltemsPl"i7!cipa/s: l\"lrs. Mary l\fcD. Bachrach, President,
B. B. B. Y LA IDEAL, INC. CIGA RETIE MAN UFACT URERS
MASCADA AND PICADURA CIGARETTES ESTABLISHED 1877 542 Echague, Manila
Telegraph; " BBB"
37
PHILIPPINES H. M. Levine, Vice-President and General Manager, 8. K. Duren, Secretary and Advertising Manager, P. O'Brien, Treasul'er-Established: 1910-AlItlwI'ized CapitaL: Pesos 5,OOO,OOO.OO-Puid-in Capital: Pesos 2,125,OOO.OO-Agellcies: Nash !\lotors Division; Nash-Kclvinator Corpol'ation, Kenosha, Wis_ consin; White Motor Company, Cleveland, Ohio; Campion Spark Plug Company, Toledo, Ohio j Amer-
ican Bantam Car Company, Butler, P enn.; Austin Mowl' Company, Ltd.; Birmington, England-BalIk Refertmce: Nntional City Bank of New York; Hongkong and Shanghai Banking Corporation; Peoples Bank and Trust Company; Chartered Bank of India, Australia. and China. BACOLOD-MURCIA MILLING COMPANY, INC. Head Office: Bacolod, Occidental NegrosBntJIch Office: Man'ila-Nationality: Filipino---Business: Sugal' Cane't,1illing-Established: 1918 in Bacolod, Occ. Negros;. February 1st, 1937 in Manila-Original Capital: Fesos 10,OOO.00-Present Authorized Capital: Pesos 5,000,000.00-Paid-in Cal,ital: Pesos 3,573,000.00-$urplus: Pesos 265,624.70-DividelldR: 200 H( stock (Jividend in May 1937 and cash dividend of 1~.50 pel' share in September 1!l37;-PrillcilJals: Placido L . Ma)la, Pl'esident; Nicolas A. Lizares, Vice-President; Generoso Villanueva, Managing Dircctor; Mariano Y. Yogorc, Sec-
retary-TreaSU1'erj Cesar Ledesma, Simplicio Lizares, Rafael R. Allman, Directors; Bank Reference: Philippine National Bank. Originally organ ized with capital of Pesos 10,000.00, the capital was June I, 1918, increased to Pesos 15,000.00. Then in June 1919 the capital was further increased to Pesos 500,000.00, and to Pesos 1,000,000.00 in December 1920. In Octobcr 1925, the capital was again increased to Pesos 1,500,000.00 and to P esos 5,000,000.00 in February 1937. BACLA YON ELECTRIC LIGHT AND POV/ER COMPANY H ead Office: Baclayon, Bohol-Registered; August 20, 1936-Tel'llt: :<'5 years-Business: To install, Operate and i\'laintain an electric light, Heat, and Power system fo r the purpose of generating and Distributing electric light, heat and Power, for sale within the municipality of Baclayon, Province of Bohol, P. I.- Nationality; Filipino---Capital Stock; PESOS 12,500.00 shares of the par value of Pesos 1.00 each- S !tbscl'ibed Capital: Pesos 2.704.00-Capitai Paid; Pesos 858.S0-Directors: Alejandro Ramo, Torcuato L. Ipong, Jose Javier, David Naron, Hugo Villamor, Lucas Saloma and Victol'iano A. Realista-Treas!trer; Torcuatc L. Ipong, Baclayon, Bohol. P. I.
BACOLOD-MURCIA MILLING CO, INC. B'lcoiod, Occidental Negros
Authorised Capital Capital paid up .... . Total Assets ..... .
... . "5,000,000.00 . . . '1'3,573,000.00 . .............. . ..................... . 1>8,120,380.62
Board of Directors PnJidmt . VICl-Presidmt.
. . ....... PLI,CIDO L. . ............... . ... . ... . .. NICOLAS A.
Malll11.ill1. Dirteror .. . ......... . ftcrttary-Trto.sflrtr. . DirtctOr!. . . . . . . . . .
MAPA LIZARES ....................... ... GIiNEROSO VILLANUEVA . . • . • • . ..•.. . •. . . •. ...... MARIANO Y. YOGORE . ..................... CESAR LIiDESMA SIMPLICIO LIZARES R AFAEL R. ALUNAN
/lfifl <II: B:l.coJod, Occ. Negros
/r.f~ni'.. Ofl;((: Suite" A" , 5th floor Soriano Bldg. , Pbu Cervantes Telephones: 2'27-24 and 2-29-28
THE COMMERCIAL
38
&
INDUSTRIAL MANUAL
BAGUIO GOLD MINING COMPANY (Incorporated in the Philippine Islands)
Balance Sheet, as of December 31, 1936 ASSETS
LIlt BILITIES Capital Srock: Authorized:
Fixed Assets: Mine :
20,000,000 shares of l()(each. 'Pl,OOO,OOO.OO
Mine and mining propeny. Development.
J>395,9CO.83
Total. .
Pm.5OS.24
Subscribed and issued:
l},OOO,<XXl shares subscribed. 1'1,300,000.00 Less subscribed but unissued. 1,100.00
594,604.41
Less reserve for depletion ..
Remainder ..
439.629.20 1~550 .876.04 Plant, Buildings, Equipment, erc. At Cost....... '1.'932,796.08 Lc~s reserve for depreciation. 270,920.37 661,875.71
Toul fixc~ assels, Current Assets: ~ Cash Bullion In tanSlt P 1]1,123, 25 Less charges and mint return difference .. ) ,487.96, Accounts receivable firmed ... Materi:ds and supplies (at COS t not audited 1S to quantities) Government deposit. .. Bullion in process ........ . Ad"ances to employees. ,.
J 1,000 shares ..
1'1 ,212,751.75 50,125.59
550.00 1~1,299,450.00
Total capital stock. Current Liab ili ties: Accounts payable .. ,. Accrued salaries and wages .. Accrued taxes. Unclaimed wages .. ,. Tool and Chapa depos its .. . Di vidends uncla imea ..... .
48,81l.}) 18,489.57 14,124.56 7}].28
601.50 477.24 8),2)7.48
Toral current liabilities .. Rese rves: Resehe for assessment. 1> 2,928.73 Reserve for claims, and compensa t ion 3,210.88
127,635.29 1, 166 .53 70,592.89 180.00 12,220.29 985.75
l'
Total reserves .. Surpll.l5 Per Exhibit B.
1'262,906.}4 Toal current assets .. Deferred Charges: Prepaid insurance.. 1" },408.95 fo,路liscellaneous., ",8 32 .10 ----,~c;;: Total deferred charges. 8,241.05 1' 1,48),899.14
TOTAL.. .
1'1,298,900,00
.'l.cld amount colkctcd on
6,1]9.61 95,072. 05
(Sgd.) CLARKE & LARKIN
Pl ,48),899.!4
TOTAL ..
STATEMENT OF INCOME AND SURPLUS FOR THE YEAR ENDED DECEMBER 31, 1936. Bullion Shipments .... Operating Expenscs: Mining expenscs .. . P3!7,86').94 159,621.04 Mill ing ex~nso........ . Expenses of del'elopment in ore 124,66920 TOtal. Profit From Operations BefOre Depletion and Depreciation .... Lcs Depiction and Depreci:uion : Depletion. 'P I 74.561.76 Depreciation.. 11),946.41 Tot:l.l. Profit from Oper:l.tions .. Income Crediu: Reduction of reserve for bodega lasso .................... .
602,156.18
288,508.17 1'16),897.30
4,545.77
Misccll:l.neous.... Tot:l.ll 路 Total. Income Charges: Bonus to employees :l.nd laborers. Net Income for the Year.. L:ss : Dividends paid. . Sundry accounts transferred from profit and loss.. . Income tax for 19)6.. .
6,074.62 1l ,09}.76 1'174,991.06 8,340.7)
J'" !66,65Q.)) 1'1 29,890.00 47) .)7 10,)69.17
140,732.54
Balance to Surplus ........... . Surplus December )1, 1935.路
1." 25,91779
Surplus December )1 , 19)6.
I"
69, 154.16 95,072.05
39
PHILIPPINES BAGUJO-AMERICAN DRUG COMPANY. INC. Head Oflice: Baguio, P. I.-Nationality; American-BlIsitles8" Wholesale and Retail DruggistsRogi8lerecl: October 28th., 1937-C(1)ital Stock: 1'12,000.00 divided into 12,000 shares of the par value of 1'1.00 cach-Subsc/'jbcd «11d Paid-in Capital: '''l ,400,OO-hIC01'pOI'ators: Walter A. Smith, Jose Castro, .Joseph K. Icard, M. Dawkins and Aurelia
A. Cnstro.
BAG1JJO MANKAYAN GOLD MIN I NG CO., INC. Head Office: 101 Ecbague, Manila-Permit to sell 28,420.00 shares granted October 16, 1937Authorized Capital: P500,000.00-Par Value.- PO.O! -SI~b8cribed Cwpital: 100,000.00-Paid-h! Capital: 25,000.00-Di)·ectors and Incorporato1's: Tomas Oppus, Presidentj Josefa R. Oppus, Vice-President; IldefQnso Cuaderno, Treasurer; Tomasa E. Jimenez, Secretary; Juan L. Luna Director. CO~1M£NTS OF THE BUREAU OF MJNES
BAGUlO GOLD MINING COMPANY. Head Office: 411-12 Heacock Bldg., ManilaNationality: Filipino---Business: Mining-Established: 1930-Authol'ized Capital: P esos 2,000,000 .• OO-Paid-Up Ctt1Jital: Pesos 1,300,OOO.OO-Pa7 1"al1(6 of Shares: Pesos 10 cts.-J935 P)'oduction: Pesos 1,054,56t.6S·-Re8erve: Pesos 95,072.05-Dividlmd: 10 % (1936)-Bra.nch. Office; B:.guio, P. I. -PdT/elpa'B: P. A. Meyer, Pres., S. Davis Winship, 1st Vice-Pres., Samuel F. Gaehes, 2nd VicePres., J. B. Hoover, Tre'asurer, Directors; E. A. Perkins, William J. Shover\ W. S. Price, Paul F. Whitacre, Secretary-Ba'llk Reference,' Peoples Bank and Trust Company, Manila-Historical Notes,' This company was incorporated in 1930 and began producing in 1933, since which time the production has steadily increase,d. It is located about 10 KM. from the city of Baguio and is reached by provincial and private auto roads. The company owns 61 Lode Claims of which only a small proportion have been explored so fal·. As of SeptemlJer 3rd, 1937, this company reported that production for the month of August amounted to 1'109, 920.80, down approximately 1'1,000 'from thc previous month's pour. A total of 5,816 tons of ore was milled. On OcWbt!r 4th, the company reported a produdion of 1'106,827.50 for the month of August, down approximately 1'3,000 from the previous month's output. A total of 6,225 tons of ore was treated. BAGUIO GRILL & RECREATION HALL. INC. Hf!nd Office: P. O. Box 33, Baguio, Philippines -Nat'ional'ity: American-BuBiJless: Bar, Restaurant, Bowling AlleYj Night Club--P)'inCil)als: Frank Krueger, Senior, President and Treasurer, Eugenio Plata, Vice-President, Joaquin Arevalo, Secl'etarYi Jo~e D. Peralta and Frank Kl'ueger, Jr., Directors-Established: March 27, 19M-Capital: Pe!>os 10,000.00-Paid-in Capital: Pesos 4,640.00Balik Refort-nee: Philippine National Bank.
-"Respectfully returned to the Commissioner Sec\lrities and Exchange Commission, Manila, with the information that in the report dated October 7, 1937, signed by A. D. Alvir and G. J. Lothal' Maetze on the 88 claims of the Baguio Mankayan Gold Mining Co., Inc., known as the Teteg and Tocgungan groups located in the municipality of Mankayan, Mountain Province, it is indicated that the property show signs of mineralization and that samples taken from said property assay values range from nil to $5.78. In view thereof and other infol'mation contained in the report, a valuation of P50.00 pel' claim, or a total of P4,400.00 for the 88 claims may be given consideration. Before taking furthel' action on this matter however, it is recommended that A. D. Alvir he required to certify under oath that he has supervised or checked the work of Maetze in the field, l\1aetze not being duly qualified b,y the government to practice ns Mining Engineer in the Philippines. Before permitting the actual payment of the above mentioned amount and accepting the above claims as nssets of the Baguio-Mankayan Gold Mining Co., Inc., it is recommended that the owners of the claims be required to present documents on which their titles on the claims are based, the survey of the claims and affidavits to the effect that the same are free from conflicts and are not within any government reserve, and that the corporation shall not hold more that 450 hectares (50 hectares full lode claims) in anyone province, or not more than 250 claims in all the provinces in t he Philippines, and also that at least 60 % of the capital of the herein corporation is owned and shall at all times be owned by citizens of the Philippines or of the United States. It should be understood that the herein corporation, by the purchase of said claims, shall not hold more than one claim on the same vein or lode as provided by Section 33 of the Act of Congress of July 1, 1902, or not more than three claims on the same vein or placer ground as provided by Section 37 of the new Mining Act in case it should be decided that the
40
THE COMMERCIAL & INDUSTRIAL MANUAL
said claims shall be leased under the provisions of the new Mining Law (Commonwealth Act No. 137).
BAGUIO MATERNITY HOUSE & CHILDREN'S CLINIC Head Office: Baguio---Reqistered: September 21 , 1935- Tc l'm : 50 ~'ears-Bltsine8S; Maternity and Children's Clinic Hospital - Nat-joualilY: Filipinv -Capital Stoele' Pesos 10,000.00 divided into 90 shares of the par value of P esos 100.0C each, and 100 shares of t he par value of Pesos 10.00 eachSnbsc l"ibed: Pesos 2,300.00-Capital Paid: Pesos 1,375.00-Dil'cctol's: Senato r Juan Guerinn, Alejandro Tanabe, Antonio Rimando, Dr. Emiliano Ramirez, Eugenio Lopez, L. K. Ling, Isabel R. Zarate, Maria R. GOl'ospn and Fcrnando Lopez-Trea81.we)·: Antonio Rimando, J3agllio.
BAGUIO SQUARE GARDEN lNCORPORATED Head Office' Baguio-Tern~: 20 ycars-Bns-iness : Athletic stadium; Exhibitions of boxing, Jiujitsu, Wrcstling, Baskctball and other athletic sports-Nationality: American-Capital Stock: Pesos 20,000.00 divided into 40 shares of the par value of Pesos 500.00 each-SubscI'ibed Capital: Pesos 8,000.00-Ca.l.ital Paid: Pesos 5,250.00-Direc+ tors: Richard R. Lile, W. E. Dosser, Fred Belling, Ramon P. Mitl'a and Jose Y. de la Rosa-Tea.surel": Fred Belling, Baguio.
E. BAGUTORO E HIJOS, INC. Head Office: Il oilo, 1l0ilO-Reg·iste)·ed : March 29, 1935- T CI"m' 50 years-PuT/JOse: Agricultural Implements and Acccssol'ies-Namonality: Filipino -Ca1Jitul Stock: Pesos 200,000.00 divided into 2,000,000 shares of the pal' value of Pesos 0.10 each-.
BALATOC MINING COMPANY Ba\aoce Sheet as of December 31st, 1936
ASSET\
Fixed Assets: Mine Property. Mill . Buildings, c .. Working Assets: Mine equipment, auws. trucks, erd. .. inl'entories. .. .. .. .. Inl'esrmenes. Currene Assets: Gold in trans it, Deposiu, etc. .. Cash on Hand .. Prepaid Expenses. Total Assets..
LIABILITIES '1'2,850,860.63 334,317.24 1,166,161.16 271,776.05 1,621,515.16 378,127.43 407.01
1'6,723,274.69
OPERATING ACCOUNT Bullion Production .. .\ ... 1'12,788,913.84 Optracing COSt . 6,900.1i.l0.94 Profir on Operation .. . ]>5,888,811.90 Carried to Prolit and LO$$: PROFIT AND LOSS ACCOUNT 1"S,888.812.9O Optrating Profit.. Other Income . 9,834.31 Gross Prolit.. 1'S,898,647.11 R e~rl'e for Ore Depletion, Depreciation, Etc.. 284,197.91
---'-"-~
Net Profit ..
PS,614,449.)O
REGULAR DIVIDENDS PAYABLE ON JANUARY, JUNE, SEPTEMBER AND DECEMBER ( a) Ba ~d on Gold Value of $20.67 pcr ounce. ( b) Ex"pr from 1933 Annual Report: "Our engineers re~rts an additional J87,371 tons of "prospective" are \'alued at 1'3.835.066.00 nOt sufficicndr prOven to be included in the abOve (Ore Reserves)". The controlling stock of the Bal:IIOC Mining Co. , is owned by rhe Benguer Consolidared Mining Co. ( about 64%)
Capiul Stock ..... Current liabilities Surplus ..
P4,OOO,OOO.OO 981,374.19 1,741,900.50
~ Total Liabilities ..
1>6,723,274.69
ORE RESERVES Positl~'e Ore: (Exposed on four sides). 636,548 tOnS Al'erage Value per Ton. .... . (a)? 18.38 Total Value of Positi\'e Ore... . 1)11 ,702,001 01 Probable Ore: (Devdoped on at leur twO sides) 610,923 tons 16.34 AI'erage Value per Ton ...................... (a)l> Total Value of Probable Ore. . . ...... 1'10,150,516.00 Prospccrh'e Ore: ( Devdoped on at least one side) Average Value per Ton. AI'erage Value pcr Ton. Toul Value of Prospective Ore ... 1,257,471 tOns Total Ore Reserves . . (a)1' 17.38 Total Averag: Value Pcr Ton. .. (b) P11 ,852,528.OO Toul Value of Ore Resen·es. 447,934 tons Ore Treated .. .. .(a)1.~ J6.86 Average Value per Ton .. 1,200 {Ons Mill ing Capacity per Day .. 1)5,60'.),000.00 Total Dividend Paid for the Year .. 'P 1.40 Dh·idend per Share for the year ..... Pricc Range of Stoc],:: 1> 16.75 High P 13.50 Low ..
PHILIPPINES Subscribed Capita/: Pesos 42,OOO.OO-Capital Paid: Pesos 16,300.00-Director8: Emilio Baguioro Sr., Scrapio Baguioro. Manuel Baguioro, Remedios Baguioro, Fortuna Baguioro and Domingo Baguior().--Treasure)-: Scrapio Baguioro, 1\1olo, Iloilo.
BAILEY STEVEDORING CO., I NC. Head Office: Manila, P. I.-Nationality: American & British-BI.siness: Stevedoring & SalvageEstablished: 1899 (I nc. 1925}-Authorized Capital: Pesos 200,000 OO-Paid U1) Capital: Pesos 70,000.00 -Par Value of Shares: Pesos lOO.OO-Telegraph Add1'688: BaileY-Codes Used: Bentleys-Principals: F. L. Merritt, Pres. & Gen. Marager-Bank Reference: Chartered Bank of I ndia, Australia & China.
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salia Factora, V. R. Relenas and A p, Navarro-T"easUl'er: V. R. Relefias, Manila. BALIMBING RICE MILL CO., INC. Head Of lice: Imus, Cavite-Registered: May 19, 1936-Term: 50 years-Bu8ine8s: To receive palay on deposit; To grind palay into rice-Nationality: Filipino---Capital Stock: Pesos 9,000.00 divided into 180 shares of the par value of Pesos 50.00 each---Subscl'ibed Capital: Pesos 3,800,00Capital Paid: Pesos 3,600.00-Di1"ectol's: Sotera Sayco, Baldomelo Mafiago, Miguel del Rosario, Aquilina de Trinidad, Encarnacion de Reyes, Agapita de Libclo, F I'ancisco Sayoc ani Agapita de Elises. (Francisco Sayoc, is an incorporator only)TTeasw'er: Sotera Sayoc, Imus, Cavite, P. r.
BALASAN MI NES, INC. Hend Office: Iloi~o. Iloilo-Registued.: October 20, 1936-Tel"'»I: 50 yea\s-Busines8: To seareh for, Prospect and Explore fO,1: ores and Minerals and to locate mining claims, Grounds, P lacers, Lodes, Mineral Deposits or oil shale, beds in the Philippine Islands or in foreign countries, and records, and/or apply and/or take and hold th\ same 011 lease, Concessions, Privilege, Grant, or otbenvise pursuant to the mining laws of the said Ph~lippinE Islands, or other countries; to bore, drill, prospect, explore and mine for gold, silver, copper, lead, zinc, iron, chromium,-Nationallty: Filipino---Capital Stock: Pesos 300,000.00 dividcd into 30,000,000 sharcs of the par value of Pesos 0.01 each-Subscl'ibed. Capital: Pesos 64,OOO.00-Di;'ectors: Eribcrto Gonzalez, Danie! Evangelista, Emilio Dng Latco, AUl'elio Gonzalez, Adelina Vidal, Jose F, Orozco and J ose C. Ganzon (Aurelio Gonzalez and Jose C. Ganzon, are directol'S only)-Trea81trel': Emil io Ong Latco, Iloilo, TIoilo.
BALINTAWAK BEER BREWERY CO., INC. Head Office: Polo, Bulacan-Registered: J anuary 14 , 1937-Tenn: 50 years-Business: Beer factory-Nationality: Japanese-Capital Stock: Pesos 1,000,000.00 divided into 10,000 shal'es of the par value of Pesos 100.00 each-SubSCI'ibed Capital: Pesos 200,000.00-Capital Paid: Pesos 100,000,00-/11corporators: Vicente Aldanesc, Jose Cojuangco, Pio Duran, Go Caouy, Masajiro Kawamura, Isoma Kobayashi , Manucl Lim, Seipi Matsui, i\"lorinobu Sawamatsu and L. Q. Vidal.
BAL ATOC·LUBUAGAN MI NES INC. Heael Office: 416 AI'ius Bldg., Maniia-Registered: October 10, 1936-Tel'nt: 50 years-Busiuess: To carryon the business of mining, milling, concentrating, convCl·ting, smelting, treating, preparing, for mal'ket, manufacturing, buying. seil ing, ex· changing, and OthCl'wisc producing anu dealing in gold, silver, copper, lead, zinc, brass, iron, stcel and all kinds of orcs, metals and minerals,-Nationality: Filipino---Capital Stock: Pesos 300,000.00 divided into 30,000,000 shares of the pnr value of Pesos 0.01 each-S"b8c:-ibed Capital: Pesos 154,000.00Capital Paid: P(>sos 77,218.GO-I1Icorpc;ratol's a?ld DirectOI's: Bernnrda Mendoza Petra Portugal, Ro-
BANA H AW, INCORPORATED Head Office: Cal'l'iedo strcet, IHaniJa-Registf-)'ed: August 12, 1937-Te/"ln: 50 years-Business: Restaur ant and Hotel Operators-Nationality: Filipino---Ca1)ital Stock: P40,000.00 divided into 4,000 shares of the par value of P10.00 cach-Capital Subscribed: Pesos 8,000,OO-Ca7)ital Paid: Pesos 3,400.OO-lncorpomtol's: Tomas Consunji, Arsenio Dizon, Celestino Noricga, Pablo V. Jose, Nena Weinmann, Concepcion C. Amnda, Soledad R. de Jose and Ricardo Consunji.
BALUBAR HAT MANUFACTURING CO., INC. Head Office: PablO, Bangued, Abra-National· ity: Filipino---Business: Manufacturers of Army Hat.-RegistcJ'eel: Odober 21, 1937-Capital Stock: Pa,OOO.OO divided into 30,000 shares of the par value of PO.IO each-SllbSCI'ibed Capital: 1'500,000 .00; Capital Paid: r150.00-IncoJ"ponlotol"s: Enrique Bahlbar, Jor;e B. Beloy, Silvino Bolos, Felicitas Bolos and Heracleo Bolos.
B ANAO GOLD MINING CO., INC. Head Ofjice: 501 Heacock Bldg., Manila-Re·
THE COMMERCIAL
42
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gistered: July 23, 1936-Tenn: 50 years-Business: mining, miling, concentrating coverting, smelting,
INDUSTRIAL MANUAL
C. Cowper, Manila, P. L
:further development will have to depenr. on shafts. There is an abul,dant supply or water and timber for mining purpores. There are found in this area some old shales which are probably the oldest rocks here. An andesite has intruded into these shales whlch probably mineralized ii. The andesite is the best rock to look for veins, althoug'h there is no reason why shales may not have veins, as in fact there are veins in the shales. Assays from vein outcrops from this group has given values of $2.48 and it is expected that with intensive prospecting and exploration, some worthwhilE' lodes will be discovel路ed. Up to now, very little prospecting has been done.
BANBAN GOLD MINING ASSOCIATION Head Office: 609 Cu Unjieng Bldg., Escoita, Manila-Natio1mlity: Filipino-Business : MiningEstablished: Sepu~mb..er 1, 1936-Al~thorized Ca,pital: P esos 250,000.00 'fully Paid Up)-Pa1' Value of Units: Pesos 100.00-Principals: G. A. Montinola, Tl'ustee, G. M. Hilado, '.P(easUl路er, C. R. Cabanes, Secretary-Bank Reference: Philippil!e National Bank. Upon specifk recommendation of Dr. A. D. Alvir, who recently made a thorough examination of the propt:rty, the Banban Gold Mining Association wa5 formally organized on Aug)Jst 15, )936 for the purpose of exploring and developing 16 full lode mineral claims located near the properties of the Northern Mining. It is proposed to commence operations immediately by making- a series of pits, open cuts and stt'ippings over as wide an area as possible. As can be seen irom the engineer's report, surface values are vel'y encouraging and in order to improve them with depth, the property will be worked by tunnels. This grO\lp of 16 claims are just !'outh of the Fonacier Group .. bout 6 kilometers south of the Tuba camp of the NOI路thern Mining Co. They are situated in barrio Tagca"ayan-Banban, Guinayar.gan, Tay_abas. They nre easily accessible because of the Northern lI.lininf Road which goes through this group and ends in Tagcawayan-Bato where it is hoped that the railroad will reach by December. At present a launch will take one or two hours to New Aloneros. This grot:p is drained partly by the Katakian and partly by the Kapaan Creek. The relietis moderately low but there arc sufficient heights fa permit exploration by means of tunnels, although
THE BANK OF THE PHILIPPINE ISLANDS Heacl Office: 10 Plaza Cervantes, ManilaB1路a.nches : Iloilo, Cebu, Zamboanga-Nati01lality: Filipino-Business: General Banking-Establishecl: 1851-AuOwrized Capital: Pesos 10,000,000.00Board of Di,.ec tor8: Pedro J. Campos, President; Rafael Moreno and Santiago Freixas, Vice-President; Jose Araneta, Lorenzo Correa, E. J. De.vmek, Jose Felix, Perfecto Gabriel, Leopoldo Kahn, Eusebio Orens~, Manuel Perez Rosales, J. E. H. Stevenot, DirC<'tors; Rafael Moreno, Secretary. This bank began business in August, 1851 with a subscribed capital of Spanish Pesos '400,000.00 represented by 2,000 shares of Pesos 200.00 each. It had the privilege at the start to a note circu1ation equal in value to 75'10 of its paid in capital. On l, ugust 12, 1864 the capital was increased to Pesos 600,000.00 and the note issue privilege to Pesos 1,200,000.00 On February 7, 1896 the bank was authorized to at once increase its capital to Pesos 1,500,000.00 and thereafter gl'adually to Pesos 3,000,{l00.00 and it.'; note issue franchise was increased to an amount equal in value to three times its paid in capital; but the Spanish Insular Government reserved to itself the right to borrow from the bank free of interest payment during six months in each and every year it pleased, any sum not in excess of onethird of the bank's paid in capital at the time of the loan. The bank was finally authorized to increase its capital to Philippine Pesos 10,000,000.00 ar,d its note circulation based thereon to an amount not in excess of Philippine Pesos 9,000,000.00. The p&.id in capital has been increased to Pesos 6,750,000.00. At the beginning the bank occupied quarters a!'signed to it by the Spanish Government in the old
treating,
preparing
for
market,
manufacturing,
buying, selling, exchanging, and otherwise produc-
ing and dealing in gold, silver, copper, lead, zinc, brass, iron, steel and all kinds of ores, metals and minera!s-Na1iol1cdity: Amel'ican-Ca,I)itai Stock: Pesos 1,000.00 divided into 10,000 shares of the par value of P esos each-Sllbsci-ibed Capital: Pesos
GOo.aO-Capital Paid: Pesos 560.00-Dil'ectol's: C. H. Sleeper, J. C. Cowper, Joseph Pastori, A. Syyap, R. Yuson and MIs. A. M. Louis (Mrs. A. M. Louis (Widow) is an incorporator only)-TJeasu?'el': J.
43
PHILIPPINES
THE BANK OF THE PHILIPPINE ISLANDS THE OLDEST BANKING INSTITUTION IN THE PHILIPPINES Established IS51 Authorized Capital...
Capital Fully Paid ....
BRANCHES: Cebu, Iloilo and Zamboanga, P. I.
. . Pesos 10,000,000.00 . . Pesos 6,750,000.00
CORRESPONDENTS: In all pans of the world
GENERAL BANKING OPERATIONS Telegraphic Transfers, Commercial and Travelers' Leccers of Credit, Travelers' Checks, Drafts, Collections, and every description of exchange and banking business. Exceptional facilities for handling transactions in the Far East. All kinds of administration, fiduciary and trustee business. Safe Deposit Boxes for rent, suitable for keeping jewelry, documents, valuables, etc. Current Accounts; Savings Accounts; Fixed Deposits.
HEAD OFFICE: No. 10 Plaza Cetvantes, Manila, P. I. CABLE ADDRESS: " BANCO"- Post Office Box 777
THE COMMERCIAL
44
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cu~tom house in Intl'ull1ul'Os. A few years latcr it moved into its own building at the comer of CaBes Cabildo and Victoria. I ts present home at No. 10 Plaza de Cervantes was built especially for its ac-
comodation. The organization and managment of the bank has undergone radical changes. At first its government was in the hands of a board composed of two sindicos, onc lmlTIcd by the stockholders and the other by the Insular Govcl'Ilment, of six consilial'ios and two director!';, who were alternately managers of the hank. This body was presided over by a comisario regia. Tn 1869 the office of comisario regia was abolished by Royal Decree and from th at yeaI' until 1908 the management of the bank was in the hands alternately of the directors. U n der the existing charter an annual election is held by the stockholders who select the president, the viceprpsidents and the tioard of directors consisting of not less than eight nnd not in excess of fifteen memhers. The positions., of secretal'y for the bank and the managers of its branches are filled by the board of directors on l'ecoll'\mendations made by th e president.
INDUSTRIAL MANUAL A branch bunk was opened in Il oilo in 1896 a nd a nother branch was opened in Zambounga in 1912. BANNE R CONSOLIDAT E D MIN ING ASSOCI AT ION As of September 2nd, 1937, t he following assay report was issued by G. M. Smith, Assayer for t he Philippine Engineering Corpor ation, Assay Depa rt men: BASE META L MINES, INC. Head Office: 227 David Street, Ma nila-Telegraph Address.- Basemetal. BASTLAN PLANTAT ION COM P ANY, I NC. Head Office: 180 J uan Luna, Manila-Business: Rubber and Coconu t Plantation-A u tlWI'ize d and Pa.id-in Cwpital: Pesos GOO,OOO .OO-Par Value of Shal'es; Pesos 10.00-Annual Production: P esos 100,000.00-Surplus alld Resel've: Pesos 220,000.00 -Dividend: 10 % (1935)--TeleU"aph: BasilancoBank Reference: Bank of the Philipp ine Islands. BATAAN I NSTITUTE Head Office: Orani , Bataun-Reyisfered: A pril 16, 1936-BlIsines8: To accommodate in school pupils
THE BANK OF THE PHILIPPINE ISLANDS Balance Sheet, December 31, 1936 LIA BlLITfES
ASSETS
Cash on Hand. Du~
(rom Banks.. Cash Deposit with [he Insular Trcasufcr-25% of roul authori~ed circulation. Act )330..
'>6,2,)1,298.53 2,861,77).49 1,050,000.00
Loans and Discounts-Loans, bil!s dis.couoled,
' >6,750,000.00 1,500,000.00 82,')78.72
Capinl Stock .. Surplus. UndivJded Profits . .
Deposits, Time. Deposits, Demand.
.... 'P I ,),682,425.44
11,546,907.62 27,229,)33.06
bi.lls credia, bills purchased :ind Overdrafts in current accounts. 22,461,8)8.24 Stocks and Bonds Owned 6,987,)21f.56 Properties Real Est:l[e . 1'1,238,888.49 Properties Furniture & Fixtures. 89,023.83 1,)27,911.32
Customers' Liability for Trust Receipts. Branches-Itcms in transit, OCt â&#x20AC;˘.
277,1}8.55
Miscellaneous
148,285.55
10),401.92
'1>4 1,468,97).16
PEDRO
J. CAMPOS,
PmiJmf.
SANTIAGO FREIXAS,
Cumw~/!tr.
Due to Banks .. Bank Notes in Circulation ..
Unpaid Dividends.... Liability for Trust Receipts Issued .. Taxes and Interest J\c!;rued .. Miscell aneous ...
966,288.16 ].921,]20.00 204,574.00 10],401.92 244,]]0. 5] 467,146.77
1'41,468,973. 16
PHILIPPINES who cannot be admitted in the public schools, to solve unemployml:cnt problem on the part of the teachers and to help the p OOl' pupils of the neighboring towns of Ol'ani in economizing t heil- expenses in tmnspol'tation, bOllrd and lodging-Nationality: Filipino---Trllstec8: Romulo A. Sevilla, Roque Sevilla, Marciano Roberto, Agapito Capati and Salud
S. Basa. BATANGAS MINERAL CO., I NC. Head Office: 335 Crystal Arcade, l\'lanila-lncorpomted: Under the Laws of the Commonwealth of the Philippines, September 21, 1936-Atttltorizfld Ca.pital: Pesos 250,000.00 in 2,500,000 Shares of Ten Centavos pur vnlu~DiTector8: Roy C. Tuggl e, Otto Frauendol'ff, Ant(lnio Syyap, H. B. Chambers, E. M. Dnyyahnn-O//icers: Roy C. Tuggle, Pl'esidentTreasurer, Otto Frauendorff, Vice-Pt'esident, E. M. Duyahun, SeereU\ry-Re/erence: Philippine National Bank. Annual Report for 1936: Your President's report of operations from the date of the company's organization in September, 1936 to December 31, 1936, is based mainly on pers~nal invest.igation and inspection conducted by your President. Your property consists of 17 full mineral claims of nine hectal'es each and is loc\tcd on the Mabini P eninsula, Northwest of the BarriOS of Nagaba and Talaga. Sitio Mainit, Municipality of Mabini, Province of Batangas, Philippines. By competent geological survey seven of the claims approximr.tely 210,000 tons of gypsum of commercial value is available which, at present market prices, l'epresents an approximate total value Pesos 2.520,000.00. The remaining ten e1aims are only pal·tly explored and four galenA (lead and silver) deposits have been discovered and work has been concentrated on one of these gale.la deposits. Considernble work has been done on thi!. deposit and further prospecting of the e1aims has shown the presence of stibnite in a quartz vein and also a sulphur bed. No work has been done on either the stibnite or sulphur as yet. A crew averaging 40 men has becn employed in the gypsum wcrk. These men have open-cut seven different dep')sit.~ of gypsum, these opencuts average between 100 End 200 feet in width, exposing solid faces of ~ypsum along the entire length of the
45
cuts. These faces average between GO feet to 100 feet in height. In addition to this, dogholes have been driven into the gypsum in several places in an effort to dew)"lnine if the gypsum was consistent. These dogholes ranged from 10 to 22 feet, all of which arc in soltd gypsum. Negotiation are now bei ng car ried on with Hongkong interests for the sale of this gypsum and the Company pl"ns to open negotiation with local cement companie!O for the sale of the ~ypsum produced sometimes this year. In November, 1936, a hoist and bucket were purchased and im.talled on t he galena works of the property where shafts were su nk to determine the extent of galena (lead silver) deposits. This work is progressing nicely and the mine sU]lerintendent r eports increasing' amounts of gaiena deposits are being opened up. Development work on the galena deposits has exposed a strong well defined 4-ft. vem composed of galena and lead carbonates. Work had been pushed rapidl y on the development of this deposit and it is expectecl. that the company will be able to produce 200 to ns or more monthly, in the near future. Twelve shafts ranging from 5 to 52 feet were sunk on the main galena deposit and it was discovered tl.tis area has been covered by an enormous slide. The slide material contuins a large percentage of galena ore in broken fragments . An open cut was started along the side of the hill traversing the slide. At present this cut extends iOl" approximately 200 feet with an average widt.h of 30 ft. approximately 20 feet in height. This cut has exposed a 4-ft. vein dipping into the hill at about 30 degrces. Thi s vein is composed entirely of galena in a lmost pUl'e form, and lcad carbonates. Tn this respect for the information of OUI" stockholders, this gaiena, which is a lead silver ore, is showing an average content of 70 % metallic lead and $] 1.00 U. S. Currency, at 60 cents per ounce, in silver. The estimated cost of producing and loading this or e langes between Pesos 6.00 and Pesos 8.00 per ton which would enable the company to realize a handsome profit on its capital investment within the near future.
NOTE:-THE INFORMATION CONTA I NED IN THE COMMERCIAL & INDUSTRIAL MANUAL OF THE P HILIPPINES IS OBTAIN EO FROM SOURCES BELIEVED TO BE RELIABLE AND IS THEREFORE BELIEVED AS ACCURATE . BUT IT IS NOT GUARANTEED IN ANY WAY AND NO R€SPONSleILITY THEREFORE CAN BE ATTACHED TO T H E PUBLISHERS OR ANY REPRESENTATIVE THEREOF .
THE COMMERCIAL
46
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At the present time the company has a contract with the Pacific Mining Co., Ltd., a Japanese corJ)oration, for the sale of 500 tons of thi:;; galena at approximately Pesos 112.00 pcr ton. This contract is subject to revision upwards both with respect to tne price to be paid for the galena depending on New York market prices, and as to the number of tons to be shipped, at the option of the Batangas Mineral Co" Inc. The Pacific Mining Co., Ltd., also offers to enter into a contract with t his company with a view
INDUSTRIAL MANUAL to pUrchasing all the production of lead and silver (galena) which the company may produce from its mines fol' a period of the next ten (10) year s. The company has also received an offer f r om H ongkong interests to purchase 3,000 tons of t his galena ore at the rate of Pesos 90.00 per ton F . O. B. Manib.. Your Board of Directors fel t that t his offer was somewhat low, a nd negotiation s a r e being carried forward looking toward a contract for this order at a higher price per ton . T he company has secured options to purch ase
BATANGAS MINERAL Co., INC Balance Sheet, December 31, 1936 LiABILITIES AND CAPITAL Capital : Capital Stock authorized . . i)2W,(X.'().00 210,)00.00 Less Unissued.
ASSETS Fixed Assets: Mine &: Mining Property:.. Purch:l$e price per contract .. . P8),)65.16 Land rights. 88.00 SUT\'ey expenses .., _ _4_0_7_.9~0
t~
Dderred Charges : Organization Expense ......... . Exploration &. Development. .. General Expense-Mines. General Expense-Manila . .... . Advances: Superintendent ..
"'lssued and FuJI)' paid.. . .. .. ... P39,700.00 Capital Stock Subscribed '1)82.1 W.oo Less Subscriptions Receivable.... 54,887.50
8),861.06 414.62
Mine Tools &. Equipment ..... ' Officer's Quarters Furniture &. Fixtures .................... . Furniture &. Equipment- Main Office. ... .. .. .. . ....... . Furniture &. Equipment- Manila Office.
155.91
Paid in sub$Criptions ..
178.64
Total Paid Up Capital.. Stock In Escrow .. Current Liabilities: Accrued Legal &. Audit Fees . . Nielson Sales .. Uy Tit. . .
47 .50
l)n,159.25 2,247.67 19.54 1,236.87 46.08
Orher Assets: Deposit-Re-Firearms Bond .. Current Asset: Cuh on Hand... . " 16,250.00 Pelty Cuh .. ' .. .. .. .. .. .. .. . . . 1W.OO Philtppine National Bank路Current al c 18,189.22 Mine Working Funds.......... 141.96 .Account Receivable.. 14,085.00
1~66,%2 路SO
74,800.00 'I)
100.00 47.50
165.66
18.16
Contingen t Liability: Accounts Payable: (Batangas Mineral Development Co.). 100.00
1"48,816.18 1' 150,293.)2
Total Assets...
1'27,262.50
8,365. 16
.~
'P150,293路32
-This :lecount represcnu excess payment of promotion fcc wh ich was subsequently collected :lnd deposited January 11, 1937. *"The stocks issued :lnd fully paid consists of: 1~39,SOO.00 Cash 200.00 For cbims approved by the Insular Tre:lsurcr.
--1>39,700.00
Approved:
(Sgd.) ROY C. TUGGLE PT<lidrnf
(Sgd.) MELCHOR S. SANDEJAS &. CO. Clf/ifi,J P,,!Jlir
Al(~lmf"nfi
PHILIPPINES the most important sections of land from the surface right owuers.
The claims have been surveyed and a road to the beach of Batllngas Bay has also been surveyed and tile construction of this road 15 PE"ing pushed rapidly. In conclu sio!l, I wish to say that the work has been done as rapidly and as efficiently as possible lind that the st&ff has the approval and apprccia*
tion of your Board of Directors. BATANGAS MINERAL CO., INC. By: (Sud.) Roy C. TUGGLE, President. Rel10J't /01' the Montl~ oj A llgust, 1997: Submitted herewith is my progress report. for the month of August, 193'1, covel'jng the operations of the
Bnta ngas Mineral Company, Inc. at Mabini , Batangas. Development amd E XIJlo)"ation: Total advance of n11 development work on the G""lena prospf'ct ou the Tucson Claim 84 feet. Geo!ogy-All adv{,nce i the main tunnel was through !lndesite of varied stages of alt~l'ation. The face is at; present in a highly f~actul'ed iron stained and oxidized andesite, some of th \ fractures contains barite impregnated with small particles of galena, willemite, sphalerite and pyrite. A ssay returns for a composite sample of the face are not availa!>le at this date. The lower part of the ~ace is composed entirely of clay, undoubtly formed b~· the grinding action of a fault movement. This may indicate that we are nearing an area, that has possibilities of heavy mineralization. Prior to the oxidized andesite, the tunnel cut several smnll stringers of quartz showing galena (Sample No. 35). None of the stringers are of sufficient size to merit mining, but they may be of{ shots from a large mineralized zone.
No. 4 Crosscut was started at right angles to the main tunncl in a northernly direction at a point 162 from the portal , to investigate a 6" vein striking in a northernly direction. This vein pinched out in 12 feet so the crosscut was abandoned. No.1 Incline was continued along a diorite dike containing frce galena. The incline was continued until water reached the quantity to require pumping. The incline has been temporarily abandoned. Composite samples No. 26, 27 and 28 were taken in this incline. GeneraL--Total ai:lvance for the month did not come up to expectations due to causes beyond our
47
control. However the footage per man shift and cost per foot were very satisfactory . . The nature of rock requires skilled men for proper drilling. To date miners familiar with this type of ground have not been secured. In view of the fact that the compressor is expensive to operate, it has not been used to aI1¥ great extent, as th~ time required for unskilled men to drill a round more than offsets any footage that might be gained by the use of the air drill. A shortage of laborers has been caused by the harvest season. Al"l"angements have been made for skilled miners fr:om other districts and it is sincerely believed that a substantial gain in footage may be had next month. Vtl1!tilatio1!-The drill hole connected last month is no longer of sufficient s ize to care for the increased volume of air in the tunnel. The tunnel is exceptionally hot at this time, due to the highly oxidized zone we are now passing through. Artificial ventilation will be l·equired in a short time to efficiently work in the tunnel. Prospect Drill-The drill is being used for prospect work ahead of the tunnel face. Hole No.3 was completed this month with some favorable samples. As this hole is drilled on strata that the tunnel should cut within the next twenty feet, the samples from the drill may be checked with the tunneL The results of all samples that have been assayed are Shown under "Assaying" of this report. Hole No.4 drilled on the tunnel line 1025 feet from t he portal and at a point 338 feet above the tunnel has been completed. No returns are available at this date on the samples from this hole. Holes No.4, No.6 and No.7 have been located and a total of 1,500 feet of dl"ill road has been completed. The drill is now in a position that it can b~ moved over a great portion of our claims, without the necessity of traversing excessive grades. p·)·ospecting-All prospect work has been confined to a quartz dike in the vicinity of the gypsum deposits. A showing of stibnite (antimony sulfide) was discovered in the dike. Samples show 4~ 'f( antimony. The extent of the mi neralization of this dike has not yet been determined, but pros pect work is being carried on at this time.
Construction-No new construction, as all necessar.y construction requirements at this time have been f.iJJed.
THE COMMERCIAL & INDUSTRIAL MANUAL
48
SUl"veyillu-All necessary land surveying has been completed. Surveying l'cquirements of the drill and tunnel al'e taken care of by the engineer. Assaying- All wet assays arc being run in our laboratory, The following analysis WCl'C made last month. Sl<mplc No.
% 1.5
Xi:.!
3.0
No ....."y
L eud
26 No. I ludinu-Grab
27 No. I Inclinc- Diroritc Inn. 28 No. I 'n clinc-Compoaite... 35 :'.Iaill tunnel 244' Suinger.
]0 . 1 16 2
"
No a8.1!ay
DriU Hole No.3 Sumple No. 61 Depth 73 Depth 78 Depth
%
L,oJ
Stito ()5 to 73 to
611"01 .. 73 feel . 78 feet
l~~ g:~:~ b~ ~~ l~ :~~. :. lOS to 102 to 108 Ie<:! ... 113 Depth 108 \0 113 eel
119DcI'thl13toi O l
~I .
125 Depth lIt) to 125 Ie I
130 Del"t, 125 to 130
f~e
Zi?~
6.8
N" " ..uy
, 2 . 9-1 , 2
No aSll8,Y
L'
"
L6 16.0 1.15 1. 2
No auay
BATANGAS MINERAL DEVELOPMENT COMPANY, INC, Head Office: 304 Masonic Temple, Manila-Registered: March 4, 1936-Tenn: ;;0 years-BusineS8: Mining, Milling, Concen trating, Converting, Smelting, Treating, Preparing for market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in gypsum, Manganese, Chromite, COPPCl, L ead, Zinc, Brass, Iron, Steel, Gold and Silvll'-Nationality: Filipino-Capital Stock: 200 share!';, all of which are without nominal or par value-Subscl'ibed and Paid-in Capital : Pesos 1,000,00-Dir.ctors: Sam Feldman, G, Palomares, Francisco A. Anonas, 'V, C, Sage, Mariano Enriquez, Diego Lopez and p, Tolentino (G. Palomares a nd W, C, Sage, are incorporators or:.~y)-TTeas颅 It,'er: Sam Feldman, 304 Masonic Temple, Manila,
No assa)'
No n&!ay
No ass"y
No Iluay
10.00
1.15 No Usall)'
Gypsum P"operty-Gypsum is being quarried from deposit No.1 and tran ported to the beach About fo r ty tons of higH grade gypsum is now on t he beach, an additional thirty tons has been qualTied and cleaned at deposit NO.1 and No.5. Weather conditions have seriously hampered the work at the gypsum property. The location of the property and the attitude of the adjacent land owners is such that it ha s been necessa ry to use a normally dry barranco for our right of way. The heavy rains of the past ten days has practically -closed t hi s tream as a means of transportation. A labor shortage is also being felt on this project; however a sufficient number of men aloe being worked in quarrying operations. Ge11eml.-We consider the results at the property satisfactor y and feel that the tunnel should remain OU1路 main effort of prospecting. Driving a deep tunnel is somewhat slow but it is a thorough method of prospecting. Adjoining claims will eventually be prospected by the tunnel. The great length of time required to reach these desired points is compensated fo r by the elim ination of the ex-cessively high costs of secu l'ing right of way and constl'uction of tl'ails for the transportation of materials I'equired fOI' development work. (Sgd.) CLAUDE E. FERTIG, Managing Eltgi,leer,
BATO-B--\LANI Hea d Office: Lipa, Batangas-Registered: March 12, 1936-Te1'1n: 25 years-Business: Transporting Merchandise-Nationality: Filipino-Directors: Paulino Cueto, Maria ReciO, Lagrimas Mayo, Demetria Africa, Melchor Africa, J ose Ola, Sotero Bravo, Laura Bautista, Maria Zal'a, Rustieo Leygo, Tones, Rufina Luz, 'reofila A r anda, Encarnacion Templo and Tiburcia Mendoza (Paulino Cueto, Lagrimas Mayo, Demetria Africa, P az Torres and Teofila Aranda, are directors only)-Treasurl!ir: Paulino CuctCl, Mntaasnalupa, Lipa, Batangas, BATOBALANI MINING COMPANY Head Office~ Manila, p, I.-Nat路ionality: Filipino-Business: Gold l\1ining-Establill/ted: November 14, 1935-Aut/torized Capital: Pesos 500,000.00 divided into 5,000,000 Shares of Pesos 0.10 each-Capital Subscribed: Pesos 300,OOO.00-Paid-V1) Capital: Pesos 150,940,00-Prill.cipal: H, A, Wendt, Pres. ; Fr, D. R. Salinas, Vice Pres,i Angel Elizalde, Treas,j ChBS. Kurz, SecretarYj Francis Lusk, Director, Dr. R. Ongsiako, Dil路ector - Ballk Reference: Philippine National Bank, The Par aeale district is Famous in t he history of mining in the Philippines, Considerable gold was taken from this region by the natives and Chinese long before the coming of t he Spaniard:; and many of the natives today depend upon panning gold for their living. From all reports obtainable about mining activities in the Paraeale district in the past, there seems no reason to doubt the fact that this region
PHILIPPINES
49
has been known for its rich gold f ields for hundreds of years.
D. Goodier, and Mr_ K. S. Charlton lind the following are extracts from their reports;
Practically all of thc ancient work was placel' mining. The rich placer fields attracted the attention of Austl'alian and New Zealand capital and modern gold dl'ecges wcre installed and opel"a~ed. It was between ]912 and 1914 that the~e dredgmg activities wel'e at their height with nine gold dredges at work. Whel'eas, in 1909 there was only one dredgc in operation, The exact amount of gold taken from t he Paracale distl'ict will nevel' be known but it has been variously estimated that between six and seven millions have been dredged from the bbsins of the Paracale, Maliguit and Gumaus rivi!rs.
GEOLOGY AND VEINS-With the exception of a few small basalt arcas and of some scdimentary rocks in some of thc far south-westel'n claims, the hill areas seem to be diol'ite grading into andesite to the northwestern part of the claims. Much of this diorite, judging from the float and from the few exposul'es, is well binel'alized with pyrite. Considerable magnet'te is found over the whole area of diorite. One loca tio n on the small grou p ha s magnetite float indicating a considerable body of this mineral, the b'ue s ize of which can only be shown by extensive devt;lopmcnt work. Th('re is also the possibility that the sou rce of this mag netite may be found in a SUlphide vein of importance, a s pannings from this al'CR sh"w the pl'esence of gol d.
The hill country howcver, which has been the source of supply for these rich deposits, has been barely scratched. The few attempts that were made to develop the lod" mines consisted of digging shafts in loose eal'th ab(lut 30 to 80 fcct deep and washing the gold. Knowledge of the fundamentals of mining and mineralogy was very meager. Old stylc methods were used and whenever hard rock was encountered the w\路rk was abandoned. All these attemps were further handi~apped by very limited capital. The district is the scene of inknsive activity, So fa r results of the exploration and development work have been gratifying and there is every reason to believe that Para<;ale will soon be one of the richest gold mining distl jets in the world. LOCATION
The Batobalnni Mining Co.'s prop('1"ty consists of two group~ totaling 201 mineral lode claims situated in the Bal'rio of Batobalani, mUllicipality 01 Pal'acale, P r ovince- of Camarines Norte. The smaller group consi sting of 50 claims is within 500 meters from the forks of the rond to Paracale a nd Mambu_ lao, The bigger group consisting of l51 claims is directly west of the smaller one and separated from it by a belt of lowlands 600 meters wide, Both groups !l.re accessible by means of the road from Para.cale or Mambulao to Duet. Both group ... are bounded by claims which are being explored by the Mambulao Mineral Development Co., thc Universal Mining Co. and the Equitable i\'lining Co. EXTRACTS FROM ENG I NEERS' RE PORTS
The Conlpnny'S property has been examined by t hree well-known mining engineer s, nan.ely, Dr. A.
Many of the vein outcrops and float which have bcen observed were found to be quite extensively mineralized with sulphidcs such as pyrite and chalcopyrite. On th(' diorite claim is an caEt-west vein with a width of about 15 feet. This vein carries much p)'1'itc at the only point ex posea and altho samples Ilssay only a trace of gold, it is well worth considerabe exploration and development work as it has well defined walls and gives every indication of n gcod strong vein, Over the whole north-east section of these two g r oups of claims there are quite extensive placer works, both in the stl-cam beds and on favorable locations on the hillsides. Much of the gold being recovered from these works examined and in almost all cases it was found to be angula)' and showing little of the forlll taken by gold which has been stream-transported for any distance, Pi eces the size of a grain of ric(' are unCOlllmon and some as large as a gl'ain of corn were seen. Much quartz in pieces up to one 01' two inches was observed in the dil-t being handed from some of the higher hills, which is a vcry favorable indication, Much of this quartz also contain pyrite, magnetite nnd s peculnrite and two piec~s were seen panned which cOlltained parts of visible gold, It is tJ'ue that almost everywhere in the Mambulao and Paracale regions gold can be panned in the soil but whcn one considers the present topography of the area of these two groups one cannot help but be convinced that the gold must have come fl"Om this immediate vicinity, specinlly in view of the fact that these two groups are near the higher mountains sepa rating the Pa"acale-Mam_ bulao region from the Daguit Rivel" Valley,
THE COMMERCIAL & INDUSTRIAL MANUAL Tm: MACNETTe DE I'OBIT
An elongated hill of an UVCl"llgC hcig-ht of about 60 feet. above the plains occupies pal't of the andesite, Absidian, Schi st and Gncis lode claims and has at least ull al'(:l1 of 16 hCC~tU·CB. This elongated hill is almost. entirely made up oC margnctite which seems to be of u YC!'y high g"l'udc. This deposit s hould prove to have f'ons idcrablc dcpthr on account of the size of it.s outcrop. It. is wit.hin one to llh kilometers {rom the roud to Pumcalc and Mambulao and since t.he audncc region is quite flat it. would be very cheap to build u road to the dCllosit. Very cardu] investigation I(hould be made regarding its mining, t.ranspol'tation and its marketing. BNI'ONG CU I N'I'D M I N ING CORPORATION H ead Office: Ambrosio Building, 401~405 San Vicente, Manila, Philippines-B1'u1wh Off'ice8: Balatoc, Kulinga, Mt. PI'ovince, Philippines-Natw~ alitu: Pilipino-Bu8mc88: Gold and Base Metals l\1ining-E'stubli8hcd: \936-Reui8tercd: September 24th, 19~7-CwlJjtal StQf"; "1.,000,000.00 divided into 100,000,000 shu res o~ the pal' value of 1)0.10 cach-Gul1itul Subscribed : P200,000.00-Gapital Paid: 1'50,OOO.00-i'l1cOJ·POI· tOI'S: Dominador B. Ambrosio, Mrs, Geronimu 'I' P ecson, Alfredo C. Sese, Jose J. de Guzman, Edu rdo del Rosario Tan Kiang, Pabelo Angeles David, Domingo E. Leonor, MI's. Mauro Mendez, Mauro Baradi, Domingo C, Bascat'u, Ramon V. Ramos, Antonio Syyap, Agustin Mel'cado and Urbano Dizon.
BAY VlEW SUBDIV ISION, INC, Head Office: Luoug, Hocoa NOl'te.-RegiBtered.: April 16, 19:J5-1'CI'm: 60 years-Buisne88: Attor~ ncy-in-fact for OWflCI'S of immovable properties and the administ.ration of the same-GUllitat Stoel,: Pe~ HOS 25,000.00 divided into 2,500 IIhares of the par value of Pellos 10,00 each-Sub8cribed Capital: Pe1I0S n,OOO.OO-Cul,ital Paid: Pesos (j,OOO.OO- Dircetm's: Alberto SUf(uitan, Roberto AUl'oliano, Federico Oiaz, Constuncio Diuz and Cleto Pichay- T reasurer : Cleto Pichay, Laoag, 1I0cos Norte. BATONG-BUHAY GOLD MINES Report to t.he Stockholdcrs as of September 22nd, 1937: The following is t.he progress rcport for August, 1937, from OUI' Genernl-Superintendent, Mr. Eade W. Berry. Comment. by me is not thought necessary.-(Sgd.) '1'IIOS. I. WEEKS, pJ·ettident. I h CI'ewith hand you my progress rc port for
the month of August, 1937, covering the operation of the BA'l'ONG~BUHAY MINES, INC., Wellt of Lubuagan, Kalinga, Mountain Province. DeveloJnnent and &t:JlforuHott:Let't!i "B'-Only 10.0' of work was done in Level JIB' ns we al'e concent.mting man power on the lowel' levels.
Lcvel "D"-Was advanced 74.2' in a Wcstel'iy direct.ion on exploration work making a total distance portul to face of 285.2'. Work in this level was discont.inued dUI'ing the month. Level "E"-El-XCE was advanced 28.0' East to the s Ul'face to cut. the quartz vein extending up from Level "G" which was exposed on the surface neal' "E" NOl·th of the porml. The vein was cut 14.0' East of Stu. 7. The (IUUI'Ll'. vein is five feet wide with a high vulue of .001 oz., 1'42.00 per ton. average vulue .40 oz., 1'28.00 PCI' ton. Total advance on Level HE" was 28.0'
Level "G"-Lcvel "G" Winzc 73 in GI-XCE was deepened 18.~' during the month to make a tota l depth of 30.1 ' following a s ix foot wide quartz vein with a hig4 value for thc month of 15.52 oz., 1'1,086.40 pel' ton, and an average value for the month of 1.33 oz., 1'93.10 per ton. 244 fcet South of the main portal, Tunnel "G", a tunncl was started in a Westerly direction to cut the high grade quartz evin at a point abovc the workings in level "H" on Level 'rG". The high grade quartz vein was cut at 22.0' from the surface aver aging 3.0' widc wit.h U high value of 1.96 oz., d137.20 per ton. with an nverage va lue of .42 oz., P29.40 per ton. Thc advance fO I' August in Level "0" portal No. 224 South was 27.9' for the month. LeveL "G"-S OUTH DRI FT No. 10 was advanced 30.6' South to mal(e a total dista nce of 87.3' South of Sta. 19. 'l'his drift is bei ng driven under ~ide rock by usc of Corce~poling to pick up the high g l'ade vein on t hc other side of t he sl ide area where exposed by porta l 244 South. RAISE No. 138 in G-2XCE was started and advanced 12.1' up ano high grade quartz vein eltposed by the new workings in Level "E" sixty-two feet above it. The quartz vein this point is four fcc wide with a high vaJue of 2.88 oz., P201.60 per ton, with an uvernge value of 1.71 oz., P119.80 per ton. This is being driven to a connection with the surface at level "E". Total Advun('e fM nll Level "G" Workingg was 88.8' fol' the Month :-NQrt/1 30 sha/t,-w8s deepen-
PHILIPPINES cd 20.5' during the month to make a total depth of 011.3' following a fO\1r foot wide quartz vein with a hi~h value of 6.22 OZ" 1'435.40 per ton, and an a\'crage value of .73 oz.; 1'51.10 per ton. Present depth of North 30 Shaft is 41.3'. Level "fI"_Level "H" North Drift was advanced 51.4' North during the month to make a total distance of 85.8' North of Sta, 11. Average width of vein is 7.0' with a high value for the month of 39.22 oz., P2,79<1.40 per ton, and an average value for the month of 1.06 OZ., P74.20 per ton. This North Drift is being driven to make a connection with Winze 73 at a point 106.0' below Level "G", this dl'jft has ahout 265.0' horizontally to go
before i t
re~chcs
the point where a r aise connection
can be started to meet the bottom of Winze G-73. A connection was made in H3-XCE to the North Drift by driving South on the high g rade vein. Advance on this heading was 9.0' to the connection in Level "H" North Drift. Raise No. 220 North was started in H3XCE. This raise was started in the gray quartz vein about 16.0' wide and was. swung Easterly to pick up the high grade white quartz vein over the North Drift. At the point where the raise cut the high grade white quartz vein above the North Drift, it assayed 4.38 oz., P306.60 per ton across a two foot cut. This raise is being driven neal'l y vertical to make a connection with Level "G" portal 244 South which is about 106.0' above it. TOTAL ADVANCE which is about 106.0' above. Total advance in this rnise during the month was 11.3'. South drift level "R" was continued Southward 16.1' South of Sta. 16 following n broken quartz vein into a badly fitchered up area. At a point 143.0' South of main portal Tunnel "H", a drift was run West to make a connection with HlXCE, while HI-XCE was extended Enstwal'd to meet the heading from this new portal. The combined advance for the two headings was 105.8' for the month. This connection when completed breaks out of the mountain side at n point where we have unlimited ore storage room, a very important item at t he present time, as it is now necessary for us to store broken ore running from one to seven ounces as deep as we can pile it in all of the headings in which we have temporarily suspended work. This new opening and the raise connections between Level "H" and "Gil and "E" will allow us to pass all our ore downward and out to this new storage site.
51
LeueL "H"-West Drift was advanced 18.5' West during the month on exploration work making a total length of the West drift 355.6'. Six feet West of Sta. 12, a small drift was driven 5.3' South on a nanow quartz vein on exploration. Total advance in Level <oH" fo)" the month was 217.4'. Total advance for all headings for the month of August was 438.9'. O,·e Rese"ves:-We have completed a careful and very conservative estimate of our present ore reserves, these have been double checked against assays taken at intervals closear than five feet, by grab samples (Composites) taken from every wheel barrow coming from the working faces each shift. As the wheelbaTl"ow grab samples are usually lower than the cut samples, the grab samples (each shift) have been used in the estimate after being checked against the cut samples. Positi.ve Ore1,254 tons-786.4
oz. gold-Value P 55,053.00
P)·obable Ol"e6,755 tons-3,894.7 oz. ~old-Value P272,629.00 Pos-it.i ve Ol·e5,390 tons-3,936.1 oz. gold-Value P275,527.00 Total13,399 tons-8,617.2 oz. gold-Value 1)603,209.00 Most of the ore listed as positive ore is already broken and in storage piles. Sampling and Assaying:-l,258 samples were assayed during the month in the company's assay office. A complete file of the assays for the month accompanying this l·eport for Manila Office File. P)·o81)ecting :-One company prosnector with two helpers covered twenty-one Batong-Buhay claims during the month, locating nine veins approximately s ix feet wide. These veins were sampled and results tabulated. The prospE'cting crew traced the Batong-Buhay main vein South from our present workings to where it strikes under the Pasig River within a few metel·S of our proposed mill site. Roads, T1·ails alld Bridges:- The new trail between Batong-Buhay Pasil River Bridge and Batong-Buhny Camp was advanced 300 meters. When completed, this will be a horse trail from the bridge to the camp. A considerable amount of repair work was necessary on the trail between Batong-Buhay and Lubuagan. Lmnber and Cha/·coal :-Lumber production by Batong-BuhR), hand saW3'ers f or the month was
52
THE COMMERCiAL & INDUSTRIAL MANUAL
842 feet, and charcoal production for steel sharpening from the company pits was 79 baskets. Hospitals:-During the month, Dr. Leon R. Alvinr, a licensed physician and surgeon , was Thirty-five minCl' sicness or injul'Y cases; eight lost time sickness or injury cases, and performed sixty-two physical examinations on applicants for employment and employees. Genel'al:-During the month, your President, Mr. Thos. LWeeks, accompanied by Mr. J. T. Weeks. a Member of the Board of Directors, visited Batong-Buhay and made a thorough insthe important old Producers of the Philippines within a reasonable length of time. Systematic develop. me,nt work is now being carried on to block t he present ore eXI)osures, and exploration work is be· ing carried out to determine the extent of the pre· scnt high grade vein sy~tem, as well as the lower grade exposure on th~ surface. The undcrground has been completely surveyed and snmpl£>d. assay m:ltas havc now bpen made of all workings and these 'maps are kept up-to·date weekly. A sUII.\ce le-sulvcy IS~bClllg made to clearly nlalk OUL claIm lmes "-0 t ha thele Will be no cansc fOl dlsputc lcgnlcilng OUI lIn . (SJ.,:"d) EARLE W BERRY Gen. Supe/'tntendent BAZA MINES, INC. H ead Office: Iloilo, IIoilo-:---Reyistel'ed-: October 20, 1936-Term.: 50 years-Business: To search for, prospect and explore for ores and minerals and to locate mining claims, g r ounds, placers, lodes, mineral depo.<;its or oil shale beds in the P hilippine 'Is. lands or in foreign countl'ies, and records, and/or appl~' and/or take and hold the same on lease, concessions, privilE"ge, grant, or otherwise pursuant to the mining laws of the said Philippine Islands 01' other countries; to bore, drill, prosnect, explor':! and mine for gold, silvel', copper, lead zinc, iron, chromium-NlItiollality: Filipino--Ca.pi tal Stock: Pesos 250,000.00 divided into 25,000,000 shares of the par value of Pesos 0.01 each-Subscl'ibed Capital: Pesos 51,210.00- Capital Paid: Pesos 12,960.00 - lncorpol·atol·s: Dr. Daniel Evangelista, Eribel'to Gonzalez, E'l'ilio Ong Lateo, Adelina Vidal and Vi r gilia Val'gas-Dil'ectors: Dr. D aniel Evangelista, Hilarion Jarencio, Emilio Ong Latco, Virgilia Vargas and Lamberto Daing-T1'easttrer: Emilio Dng Latco, Tloilo, Iloilo.
BAZAR "SJGLO XX" DE TEO DORO R. YANGCO Head Office: 101-113 Pl aza de Conde, Ma nila/Jntttch: Azcan'aga, COl·. Tabora-Nati(/nalitv: F i· lipino-Estublished : 1900 in Manila i 1926 in Azcarraga- -Teleg1'a1)h A ddress: Siglo-Ba1lk Reference: Bani, of the Philippine Islands; Philippine National Bank. 1. BECK, INC;. Head Office: Manila, Philippines-Ih'anch Of· fices: New York City; Cebu, Baguio, Paracale, Philippines - .Natiollality: American _. Business: General Merchandising-Establ1'shed: 1898; I ncorporated 1910-P1-incipals: 1. Beck, President, R. M. Beck, Vic<.'-P resid<:nt--Direot.ors : I. Goluman, H . A. Naftaly, C, K. Ahead. L. Mazu l'- A tdhorized C(1)ital: Pesos 200,000.00-Par Value of Sha1'(~s: P esos 100.00-Annlwl TlU"llovel': Pesos 1,000,000.00· -Reserve: Pesos 550,000.00-Telegrarh Address: Beckinc-8allk Refe1'6'llce: National City Bank of New York Agents fo),: Columbia Phonogr aph Company; Brunswick P honograph Company; Stewart-WarIlel' Radios; Zenith Radios; Smith Pr'!miel' Typewriter s; Greenpoint Steel Beds; Maelink' Safes; Congoleum; Wlili "ms Bros. Tableware; New Haven Clocks; Glasbake Ware; Waterman Fountain P ens : Lastlong Underwear; Thermo Sweaters; Rai nleigh Waterproof Hats H allmark Shirts; Dif<hl Electric Fans; Doehler Steel Furniture; "Ey'!bee" Watches; Coca-Cola Fountain Syrup; etc.
BECK I NVESTMENT CORPORATION Head Offioe: 89 Escoltu, Manila-Registered: October i8, 1936-Tenn: 50 year s-BILsiness: To act as promoter, manager, agent, administrator or >lilY other representative capacity, for compensation 01' otherWIse, of all kinds of business enter· pr ises, undertakings and operations-l\'atiolzality: American-Caplt,al Stock: Pesos 200,000.00 divided into 200,000 shares of the par value of P esos 1.00 each-Subscribed Ca1)ital: Pesos 40,000.00-Capital Paid: Pesos 10,OOO.00-Directol·s: I. Beck, Mrs. l. Beck, H. A. Naftaly, C. K. Abad and Louis MazurTl'caSltrer: H. A. Naftaly, Mani la, P . 1. BEEC H BROT HERS AU T O W ORKS I NC. H ead Office: 267 Sa n Marceli no, Manil aRegistered: May 26, 1936-Tel'1lt: 50 years-Busilless: Repairs and painting of automobles, motorcycles, t r ucks - Natio?wlity: F il ipino - Ca.pital Stock: Pesos 2,000.00 divided into 20 shar es of
PHILIPPI NES
53
-,
I. BECK, INC. IMPORTERS - INDENTORS WHOLESALERS - ETC.
PROPRIETORS OF
Beck's Department Store OWN ERS and OPERAT ORS OF
Radio Broadcasting Station K.
z. I. B.
1. BECK, INC . Manila, Cebu, Baguio, P aracale
ESTABLISHED 1898
- - -- - - - -- - - - - --'
THE COMMERCIAL & INDUSTRIAL MANUAL
54
BENGUET CONSOLIDATED MINING CO. Balance Sheet As Of December 31st, 1936 ASSETS Fixed
LIABILITIES
r\S5ets:
Capital Stock.
Mine Propeny, Mill, Buildings, Electric Plmts, Drain Tunnel. etc ..
1~1 , 623,S16.33
Working Anets: Mine Equipment, Tool$, Furniture and Fi xt ures, etc ... InventorieS. Mi~dlaneous Developments .. Contracts .. .
204,575.91 1,109,)96.44 1,)1),66}.16 1,262,)81.87
Current Assets ; Gold in transit, Deposits, CIC. Cash on Hand.. . .. .......... .
1,700,406.42 1,945,806.05
Investmenb . At cos( (Including 64% 01 B:.IJuoc Mining Co. stock.)", Deferred Chuges ,
1,996,408.45 1,752.17
......\ ..
Total Anels."
'Pll,157,9Q6.80
Current Liabilities ........... , ............ .
2,447,561.21
Surplus ...
),710,)45.59
Total Liabilities ..
.. ( x) 1'9,937 ,25).93 ",ex) 5,401,o:n .20 P4,536,lOO.7)
Profit on Opcr:uion .. Carried
to
Profit and Loss
PROFIT AND LOSS ACCOUNT
Operating Profit. lnter~st and Dividcnd5 .. Other Income. Gross Profit .. Depreciation and Other LoS$CS ... Net Pr06t ..
1'12,157,906.80
ORE RESER VES
OPERATING ACCOUNT Bullion Product ion Operating Cost
1.'6,000,000.00
General Reserve .
..... ( x) 'IÂť 4,l)}6,200. 73 3,974,124.62 19),091.27 1"8,70).416.62 'I" )70,627.84 1'8,))2,788.78
Positive Ore : (Exposed on four liides)... Average Value per Ton. Total Value of Positive Or~.
258,695 tons
(:1.)1>22.68 .. ..... ( a) 1'5,869,660.00
Probable Ore: 6)),)45 Ions (Exposed 011 at leut on onc side) .. Average Value per Ton .. (a)p16.48 .. .. (a) 1'10,4)9,840.00 Total Value of Probable Ore .. 892,04{) tons Total Ore Reserves. ( b)1')0.95 Total Average Value per Ton. Total V:tlue of Ore Re ser ves. . . . (b)1>27,616,484 .00 294,614 tons . ......... . Ore Treated.. (a)1>18.21 Average Valu~ per Ton . 800 tons Milling Capacity per Da)' .. 1'7,')00,000.00 Toul Dividend Paid for th e Year. l' 1.25 Dividend pe r Share for the Year Price Range of Stock : High. Lo ..... .
REGULAR DIVIDENDS PAY AB LE ON THE LAST DAY OF f.,iARCH, JUNE, SEPTEMBER AND DECEMUER (x) Including Cal Horr. ( a) Based on Gold value of $20.67 per ounce. ( b) Based on gokl value of $35.00.
PHILIPPINES the pal' value of Pesos 100.00 each-Sllnscribed and Po.id~in Capital: Pesos 2,OOO.00-Diret;tors: Carmen Rocha de Beech, Francisco Beech y Rocha Jr., Jose Bee.:h y Rocha, Carmen Beech de Smelianetz and Alexander Smelianetz-T,·casl(re,·: Carmen Beech de Sml"lianetz, 277 San l\Iercelino, Manila. N. V. BEHN, MEYER & CO., H. MIJ . H earl Ojfiee' Soel'abuya; B1'allehcs: Manila, Cebu, Ba taviu, Bandoeng, Palembang, Semarang, Den Pusar, Medan-Nationality: German-Busi1IeS8: Exporters and Impol·ters i Insumnce and Shipping Agents-Agtmfs for: Deutsche Luftha nsa ; Germanischer Lloyd-...Direetor: H. J. L. BartelsTroje-Teleg"aph Addre8s: 0Idamo-B((1!k Refer611ee: Hongkong & Shanghai Banking Corporation; Chartered Bank of India , Australia & China.
BELOY MINING COMRANY, IN C. Head Offiec: Bang\l.ed, Abl'a-Registered; Navember 26, 1935-Tel'm: 5~ years-Business: To acquire, by location and patent, lease. or purchase, mining claims in the Philippine Isla uds, and to develop, exploit, sell , lease ar purchase mining claims -Nationality : Filipino--Capital Stock; Pesos 80,000.00 divided into 800,000 shares of the par value of Pesos 0.10 each-Subsc)'ibed Capital: Pesos 17,37S.00-Capital Paid: Pesos 14,528.f)0-lncorpomtors a11d Directors: Isidro. 8. Belay. Eulalia O. de Fisher, Francisco Bargas, Protacin Belay and German Beloy-Treasw'el' : Pl'atacio :Beloy, Ban~ gued, Abrn. BDNEDrCTINE FATHERS INCORPORATED Head Office: San Benito, Dinalupihan, Bataan -Busil!e:>8 : Administration af the Temporalities 0.£ the SOCiety and the Management af its Praperties and EstAtes-Nati01lalit,y: American-Incorpo_ rators a1ld Tl'ustees: P. Petrus Wachtel' O.S.B., P. Juius Landwehr 0.S.8., P. Urbana Brie('hle O.S.B., Br. Otto Oblinger O.S.B., Br. SpeCan G:lann O.S.8. and Br. Tehodulf Hasddl O.S.B.-Treasurer: P. Petrus Wachter O.S.B., Dinalupihan, Bataan.
Natiomriitll; Filipino-Cd.'pital Stock; Pesas 100,000.00 divided into 1,000 shares of the par value of Pesas 100.00 each-Subscl'ibed Ca.pital: Pesos 20,OOO.OO-Cal)itai Pa.id: Pesos 1l ,700.00-Dirccto)'s: Eustaquio Villarojo, Dominadar L ug~u , Antania Dimas, Carlos Ventura, Galicana Narci so., Jose Le~ garda and Pablo G. Ticson-TreaSUI'er: Eustaquio Villaroja, Baguia.
BENGUET EXPLORATION, INC. Head Oflice; 4th F loor, G. de las Rpyes Building, P. O. Bax 214, Man il a-Incarpo rated unde:' the laws of the Philippine Islands-Ca.pttal Stock'; P esos 1,500,OOO.00- Officets and Directors: A. W. Ralstan, President; Wm. Ick, Vice-President ; 1\1. M. Mar gan, Directar; B. H. Berkenkotter, D irector ; J. D. Hig hsmith, Director; M. M. l\[olgan, Secretary-Ballk Reference: Peaples Bank & Trust Campany, Manila and Baguio. Notes on Balance Sheet at Decembc " 31, 1936: Develapment-A total of Pesos 18,431.94 has been expended on development work during the year, as follows: 0<0 c"" ..... Groop. 0.. ti ... b".iol G/OIIp •. 0<0 P.... pte.ot G.OIIp.
I" 6,Oll.90 7,)66.<3 }.OUfl 1"1 8.<319~
Mine Amortization-A charge of Pesas 1.00 per ton of are milled for Mine Amortizatian was made during the year. Buildings and Equipment-During the year, the fallowing additions to Buildings and Equipment were made: lI"i'din~- Mil«lIln,o".. .
" 1.)n.81 10.164.8!
•.....
'T\'" C<lUh<r.Jdf"ylll,,.,,or. <ft.. Zinc F«d" . •.... Pud Oil T. nk.... T",,,,,,,.I' . . .•..•.. .. Jndoe,iOll Ma.or, ~·H.P. ...... .•.. l>h"'"kS .. i"b ...•.•. _..........
107." 793 .82
1.0<11.9\1 nS.!l 71.90
CCH>C"'< C .... IJ O><lgw T anh)..
llS.SO
's.r"" Hoio... . Mine Can ............... w.... p...,p •.. .•.•..... .... •....•.•
n ISI)
~~ ~~rp':n.', .:::: .:::::::::................. L.m
BENGUET CONSTRUCTION CO., INC. Hflad Of/ice ' City af Baguio-Reg i.'l tered: May 5, 193G-Tenn: 50 years-BltBin6ss: General Engineering, Constructing, Excavating and Contracting to design, Canstruct, Enlarge, Repair, Dt'malish and Engage generally in wark upon buildinl!s, Raads-
55
c&Id.'~o:~d C:.A.o:~",.~~ .G~~.
Jdkrs 1114 Pull<t •• ald ", Do_. " ........ Gold ).Ii .... lid. ..
3&< .}~ !»9.~
I~:~ f"IS.Ika.13
I"MI1.l9 <9).00
J.9lJ.l9 I"U.9}< .8.0
Cash an Hand and in Banks-Pesos 85,613.8;:;: The above amaunt include:> Pesos 25,025.21 repre_ senting the balnnc(! af Dividend Nos. ! & 2 with the Peoples Bank & Trust Co.
THE COMMERCIAL & INDUSTRIAL MANUAL
56
BENGUET EXPLORATION, INC. Balance Sheet as at December 31, 1936 ASSETS Fixed Assels;Mine .& Mining Pro· '1'22 pertles .. . ' .. . . .. . 5,(X)O.OO A#: Development . 216,9)7.71 1"441,937.71 DrJ,,,,; Rcscn'c for Mine Amortization 99,682.28 " )42,255.4) Mill 8; Mill M~chincry " 6).598.67 • Miscellaneous Uuildings 18,767.4] Miscdl ... ncous Equipment 28,151.10 1'110,517.20 Drdllrt: Reserve {or 79,145.72 P421.49LlS :n,17l,48 Dcprcci:uion .. Current t\ssctS;-P85,61).85 Cash on Hand and in Banks. 41,078.30 Bullion in TranSit)" , . 6.71 Accounts Reccivab e ,. 140.00 Deposits with Government ...... . 7,14:;.68 133,984.54 Equipment 8; SupplicS\ in Bodega. Dderred Chargcs :811.40 Prepaid Insurance. .. Organization Expenscs :1'32.168.00 Underwriting Commission. \. ... ],801.04 35,969.04 Miscellaneous .\ . ' )592,166.l3 Approved: ( Sgd .) 1\ . W. RALSTON, Pm"ltnf .
liABILITIES Capital :Au thorized .. .. ..... . . . ... . ... . ........ ' . 1'I,SOO,ooo.OO Issued and Fully Paid: :;,OOO,CXXl Shares of 10 centavOs each .. . .1'500,000.00 Current Liabilities:Accrued Salaries & Wages P 7,650.31 Accrued Taxes .......... .. 1,255.]2 Accounts Payable .. . 12,416.20 Chapa Deposits .... . 58.00 Unclaimed Wages .. . 42.04 Fines Account .......... .. '-'Xl Unpaid Dividend Warrants. 25,025·21 46,450.08 Rescrve for Bodega Losscs . . . Surplus Account :1'89,734.38 As at December ]1, 19]5. Add: Net Profit for year ended December 31, 1936.. ],021.91
2,959.76
1)92,756 .29 Less: Dividends Paid (Nos. 1 & 2). 50,000.00
( Sgd.) FLEMING & WILLIAMSON Charltmi Amllmt,mfl
42,756.29
1>592,166.1]
OPERATING ACCOUNT , For Year Ending December 31, 1916 To Ope~:4~ing Expenses: Milling . . . .... .. Milling .......... " M:trketing., .. . . . . . . . General Overhead .. . Mine Amortization . Operating Profit . .
'P 90,878.:;1 65,2]6.98 :;,177.]7 76,518.70
By Operadng Re,'enue: Sales of Bullion ..
]4,771.00
" 272,582.56 P 1,822.26 "274,404.82 '1)274,404.82
PROFIT AND LOSS ACCOUNT FOR YEAR ENDING December 31, 1936 181.32
To Income Tax . . .. . ,. Loss on Disposition of Capital Assets ... . . Prior Years' Profits & Losses . .. ...... . . Loss on STOre Operation. .,
~r
688.,. l38.28 18·SO 'I"
1,026.66 ],021.91
1~
4,048.57
Net Profit ..
..
Operating Profit, as above ...... . Ioterest Earned ............... , . Profit on Exchange Transactions . . Miscellaneous Income " ........
1> 1,822.26 l ,]4I.lO 2].47 861.74
l' 4.048.57
PHILIPPINES The inventol'y su bmitted by the .'line Off.i ce a total of Pesos 11 ,475.82 as agaill~t a Ledger Balance of Pesos 7, 145.68. Due to the possibility that errors may have been made in taldng the in\'cntory no adjustment was made on the books. Accrued Tnxes-Pe!.os 1,225.32: This i'l mude up o£:-
57
of Operations and Cost
the year:
fOI'
~hows
Mine Products Tax Income Tax ..
r l,074.00 181.32
1)1,255.32 Accounts Payable-P esos 12,4 16.20: This represents al! outstanding obligations to Sup}Jliers, Contmctors, etc., at the end of the yeo-I', Unpaid Dividend Warrants- P esos 25,025.21 ; The above represents the amount of dividend
checks unpl'csentcd at December 31, 1936 See comments under "Cash on Hnnd and in Banks".
Reserve for Bodega Losses-Pesos 2,959.7(j: This amount represents various credits accruing- to iBodega during the year 1935 which could not 'Je taken up on the books until the year 1936, set up as a reserve to take care of possible losses in bocega stocks.
Operating Costs :
The followi ng is a summary
Prr /(1" Jill/cd
Bullion Produced
Pesos 274,404.82
Pesos 7.89
Mining Cost Mining Cost Marketing Co~t General Chal'ges Mine Amortization
90,878.51 65,236.98 5,177.37 76,5 18.70 34,771.00
2.61 1.88 _J5 2.20 1.00
T otal Operating Cost 272,582.56
7.84
Operating P rofit
0.05
1,822,26
(Sgd.) FLEMING & W ILL rAMSON, Asst. Treas!t;·IH·S. The following report covers the operation u'ld development work of Beng uct Exploration for the year 1936 and is submitted to you together with an estimate of the amount of ore in reserve in the mm". CONTACT MINE The or e mined bnd sent to the mill during 1£'::1, amounted to 34,947 tons with an average heads value of $,3.60 (gole! at $20.67). Most I)f the are mined in the early part of the year was taken f r em t he main open pit on the Contact Vein ann from ~he
BENGUET EXPLORATION, INC ESTIMATED ORE RESF:RVE, January 1, 1937 Section a-Patsy Jr. Vein b- Mngma t unnel section c-No. 11 St0ge & East slope d-U ppcl' Contact .. c-Centl'al Contact f-Lower Contact g-600-600 Stope h-Winzc Vcin ........... . i-650 Drift ... . j--450 Drift .. TO'rAL
Notc:_:\1~
Ol'e jUined ·in 1936
8,34 1 tons J50 892 1,060 14,065 5,274 1,749 1,035 1,296 212 34,974
b'stimatell Reservo ] 2,000 tons 1,500 500 600 4,000 2,000 1,500 1,000 1,000 2,000 26,100
A ssa'll
$2.25 2.00 2.00 10.00 4.00 3.00 2.00 '2.50 2.00 2.50
TotG-i Value $27,000.1)0 3,000.00 1,000.00 6,000.£10 16,000.00 6,000.00 3,000.00 2,500.00 2,000.00 5,000.00 $71,500.OC
-----
of t~e Ol'C may be c1n"scd as probable are a s the irregular shape of the ore bodies makes It mlposlbl~ to block out definite sections of ore. Assays arc based on gold at $~O.6 7. W. A. SOLOMON, Gen. SU ncl·intendellt.
S8
THE COMMERCIAL & lNDUSTR1AL MANUAL
Patsy Jr. Vein on the 200 level, but in the latter part of the yeal' several ncw sections were vpened and mining operations started. The amount of ore drawn from the various sC(!tions of the mine are shown with the orc estimate. MINE DEVELOPMENT
In developing outlying sections of ore and in the search for extensions of the known ore bodies, 2,790 feet of tunnels, and about 900 feet of raises were driven.
As some good values had been obtained whe-re the Contact fault was cut by the 650 tunnel, a drift was driven along the foot wal! of the fault to t he North during the iil'5t part of this year. This drift cut thl'u a small body of ore lying in the foot wall. Three r aises were put thru to the surface and t.l~e W:lste lying above the.> ore stripped off. About 1.2l16 tons of ore were mi ed from this section and the ore remaining 1!1 this section is included in the ore estimate as item 1. In view of the fact ~at some ore was known to lie on the floor of the 650 level in the 3t:0 stope as well as in the new 650 d 'ift the 700 tunnel was driven to explore the area Jj low these two sections. The tunnel passes directly underneath ~he two ore bodies mentioned but, while this entire area has becn mincralized and is cut by many small qual路tz stri ngers, the ore bodies do not extend down to t~is level. A raisc was put up to "the 650 leycl, conn~~t~ ing with the 650 tun ncl, and a formation of ore twelve fect in thickness, dipping to the West was cut. This ore has not been found 011 tne 700 level up to the prcscnt time. A crosscut is being drIven to cut the winze vein on this level. The main crosscut on the 700 lcvcl ha s been drivcn under the main open pit to cut any west dipping veins that lie in this area. An ore formation cut by this crosscut dul'~ ing the month of December is being explored at t he present time and the results of this work will en ~ able us to determine the advisability of additional exploration in this area. An undergl'ound stope has been opened on tne winze vein on the 650 level and 1,035 tons of ore removed and sent to the mill. Develonment wO!'k in this section indicates that this vein can be worl:ed from th~ old Winze south to the 450 workings. As the values are very irregular in this ore an (;~:l.ct estimate of the quantity and value of the ore rl!maining in this section can not be madl!. In previous estima.tcs ollly thc quartz vcin was included
as ore and a cOl'l'csponding high valuc, obtained by an average of assays mude on !>amples from the various Workings, used in the estimate. Mine opel'路 ations in the stope opened have proven that some of thc mineralized wall rock of the vcin carry j:'Jfficient value to be classed as ore. Tnis has increased the amount of ore available in the wi:''?:e vein but has decreased the average assay value of the ore from the stope. Orc formations lying on the East slope and indicated on the map as areas B, C, and G, were made available for mining by the driving of the 600-600 tunncl and ra isc, the cstablishmcnt of the 300 level, and its connection with the 260 lcvel by mcans of the No. 17 tun nel and raise. When thc 600-600 raise was complcted a surfacc stope was opened in it, and mining of thc orc body G started. 1.149 tons of ore wcre takcn from this stopc. By this time the ore bodies B. C. wcre ready for mining and the 600路600 raise was necdcd as an ore pass. OUI' purpose in preparing these areas for mining was to obtain a better idea of the e~tcnt and value of the ore lying in them. The irregular shape and wide variation in value of the ore bodies developed here. makes the usual methods of blocking out or.! of little value. Expcrience has shown us that the best methods under these conditions is to open up a working face of the ore and minc enough to fill two or three of the hundred-ton leaching tanks with ore taken entircly from the one section. This enables us to obtain accurate figures on the average valuc of the lot taken. Mining opcrations were continued throughout the year in the main open pit on the contact vein and the 200 levcl. The ccntral section of the contact vcin has provcn to bc much more cxtensive than allowed fot' in previous estimates. The orc remaining in the section is indicated by the letter E. on the minc plan. Work on the upper contact section was limited to removal of thc surfacc waste and the mining of the low grade orc on the western side of the pit. The rcmaining arca, D, has been held as rcserve for use with the lower grade ore of the 200 level when the central contact scction is mined out. The advance of the working faces in the stopes on thc Patsy Jr. vcin, 200 level, has shown that our estimate of the ore in this section was conservative. Several tunnels were driven on the Sunburst Claim exploring a mineralized area outcropping there. While many good assays were obtained in
PH1LlPPINES
59
the formlltion developed, no body on ore of sufficient size to wannnt mining operations was found.
the surface along the contact vcin. Leaching of coarse crushed are fl·om this section gave an extmction of about 75 % . In 1934 and 1935 the tons PROSPECTOR GROUP WOl'k \Vns continued on the qua .'lz manganese of ore hundled per day was increased to apvein found on the EUl'oka claim t hroug hout the year. I>roximntely olle hundred tons. As t he working Developments during the first pU.'l of t he Iyonr faces advanced to greater depth in the m ain open showed 1.hut the vein was too na rrow for I'ogular pit, alld 1l0W sections of are brough t illto p roduction, mining operution in the surface area explored. A it became appare nt tha t not only had the average gcophysicui survey was made of the area with the head value of the ore dropped much below the ore object of locating any parallc! struct.ures that might originally t l·cated, but that the are was more ime!ll:ist a nd to trace the possible length of the known pel·vious nlld cou.ld not be leached so easily. Exvein. The unomuly a ppea r ing on the geophysical traction dropped considerably below that obtained map corresponding in strike and location with t he du ring the first months of opel·ation. In the early months of 1936, it was dccided that Eureka vein a ppeal's to extend to the North East beyond OUl' underground workings but does not ex- finer crushing with the improved extraction J·esult. tend us fnr to t he South W est as we hnve proven ing would be profitable with the or e rescrves we the veins' existence. No parallel a nomnlies arc then had. Mr. George BeU , Mill Superintendent of shown. A con t-ra ct was arrunged for the delivery Demonstration Gold Mines, drew up a proposed flow of Eureka orc to the millsite a nd undCi· this contr act sheet and this was adopted. A 1" 8" TY Traylo!: 86 tons of ol·e with an average head value of $14.80 GY1·atory crusher , a JeffeJ·Y vibrating screell, and were delivered. The vein has now been opened for a Jeifel·y bucker elevator were ordered and instala total distnnce along the stril'e of 500 feet a nd t hru led on their arrival. The new plant began operaa vertical height of 200 feet. The are occurs along tions on May 15. Several alterations of the crushthis vein as lenses separated ofy balTen zones of ing plallt were found necessary dudng the first six hl·ecciated andesite and mang,nese. A total of weeks of operation, but since July 1st the planl 1,895 feet of tunnel was driven i~ this nrea and on ha s given us little trou bl e. A wash trammel wa~ other sowi ngs on t he Prospector g roup. installed uhead of the gyratory crusher in October to enable us to by-pass the fine and earthy material THANKSGIVING GROUP directly to the elevator nnd screens. A geophysicnl survey covering a part of thp. T he screell test averages given below indicnte Spring and Summer claims was maae during the the degree of finer cru shing achieved by the mill first part of the yea r , with the object of locnting cha nge. additional bodies of the massive sulfide are found A vera·De fm· tile month of ApI·il on the Spring claim, nnd of trucillg some mineral_ Plus 3/ 8" .......... 6.6 % ized sheru· zones that outcropped on the Summer Minus 3/8, plus 3/16" 3 t.O% claim. Tunnels driven on these shear zones and a ll Minus 3/ 16" 28.7 % Minus 1/16" ........... 33.7 % the upper sectioll of tho suJfide area of the Sprin{! claim total 1,664 feet up to Decembe l· 1st. Good Average fOJ· the mouth of Jltly assays were obta ined on some sections of the shear MiliUS 1/4, plus 3/16" 3.54 % zones but no definite body of ol·e was found. Minus 3/ 16, plus 1/ 8" 43.00 C:/" Minus 1/ 8" ... . .. .... ...... . 53.46 '10 III the su lfide a rea a tunel at the highway level proved t ha t the are shoot extended down to this The average extraction on the oro leached from level. An upper tu nnel driven to undercut a su lfideJul y to Novembel·, inclusive, is 73.5 ~( . It is esoxide outcrop cut thru an arca app r oximately 60 timated thnt the new equipment paid fOI· itself in feet by 20 feet of irOIl oxides, limonite a nd speeulnr t he f ist five mon ths of operation in the incl·eased hematite, with some of the linlonite cal·l·ying enough extraction obtn ined. Torol prodUction of bullion gold to be classed as ore. Thi s may be the upper end during 1936 nmounted to Pesos 27<1,9 18.60, market of the s ulfide stringers and pockets on a lower level price. at prescnt to cut this iron oxide zone. SUMMARY
MILL OPERATION
The Contact mill, as it was originally built, was dcsigned to trCllt the porous oxidized are lying ncar
am g l·eatly indebted to Mr. Rnlston for his consta nt intel·est and coopera tion ill mille a nd plant operation during the past year. While the develop-
60
THE COMMERCIAL
&
mcnt campaign conducted has not increased our ore reserves by any great amount, all sections of the mine have been prepared fOl\ mining operations, and development work now being undertaken gives promi se of adding materially to the reserve given in the estimate-W. A. SOLOMON, Gen. Superintendent.
As of October 4th, 1937, the officials of the company re ported that production for the month of September amounted to P19,780.00, down approximately P2,OOO from August's pour. The mill treated 3,150 tons of OI'C. BENGUET GOLD l\UNES, INC. Heud Ofiice: 7th Floor Heacock Bldg., E scoita, Manila-Nationalitu: Fiiipino-Cu1)itai: Pesos 500,000.00, Divided in to 50,000,000 Shares of the par value of P esos O.OJ cach- Di}·ectoys: Quirico Abeto, Am ando Avanceiia, Teofilo Mendoza, Jose Duremdes, P . Vergel De ios, Cipriano Cid, Ernesto Y. Sibal, B. Gococo Soliman, F. Q. Antonio, Cipriano Cid , Secretary, Teofilo ~1endoza, General Counsel, Antonio V. Fernandez, C~.l"tified Public Account.1.nt and Auditor-Balik Refe'rence: Philippine Trust Company, National Bank the Philippine Islands.
0/
The Benguet Gold Mines Inc. has been incorporated and registered in the' Bureau of Commerce under Mercantile Register No. 73S1, on December 16, 1936 and only from this date can the corporation be considered as having emerged into life with a legal personal ity to fulfill its ends and purposes. From this date unt il t he present, a pel·iod of three months has transpired. For this short period of existence of the corporation, your Board of Directors has the honor of submitting for your guidanc:;l and jnfor mation a report of its activities. FINANCIAL STATUS In view of this encouraging outlook, your corporation has elicited the enthusiastic support of the investi ng public and, withi n a comparatively short period, the corporation has been able to raise the necessal·y capital to incorporate the same in accordance with the laws of the Commonwealth of the Philippines. The financial statu s of t he corporation is obv iously sound in accordance with the report released by your T reasm·er and filed with the Commissioner of Securities, the pertinent portion of which is a s follows:
INDUSTRIAL MANUAL BENGUET GOLD MINES, INC., As OF December 31, 1936 SCHEDULE ORGANIZATION EXPENSES: Various Expenses Stationery and Office supplies Office Rent Telegraph and Telephone Office Salaries T OTAL
P
230.00 6.17 70.00 lS.20 445.00
P
766.37
p
468.00 1,300.00
P
1,768.00
SCHEDULE 1I EXPLORATION AND DEVELOPMENT: Taxes Engineer's Fees TOTAL
..
... .......
BE NGU ET GOLD MINES, INC. BALANCE SHEET As of December 31, 1936 ASSETS CUl"l"en t Assets: P 16,18S.33 Cash on Hand 75,000.00 P 91,185.33 Subscription Receivable Deffered Charges: Ol,'ganization Expenses, P 766.37 Schedule I .... Exploration and Develop2,534.37 1,768.00 ment, Schedule II Fixed Assets: P 626.50 Furniture and Fixtures 653.80 Office Equipment .. 6,280.30 5,000.00 Mining Property PI00,000.OO
ToTAL ASSETS Net Worth: Authorized Capital Stock PSOO,OOO.OO Less :-Unsubscribed Capital Stock .. 400,000.00 TOTAL CAPITAL
P100,000.OO
Manila, P. I., Jan. 20, 1937. (Signed) ANTONIO V. FERNANDEZ, Ce,·tified Public Accountant cmd Auditor.
President Vice-President ... General ilfa1wge,· Tr easure'· Secretary Jl./embe,· Member Member Member
· Quirico Abeto ... Teofilo Mendoza . .. .Jose Duremdes ... .. P. Vergel de Dios · Cipriano Cid · Amanda Avanccila Erncsto Y. Sibal · B. Gococo Soliman .. Felix Q. Antonio
PHrLlPPINES THE PROPERTIES OF TilE CORPORATION
The Benguet Gold Mines, Inc. is in actual possession of Fifty-two (52) mineral claims covering a rough stretch of approximately Four Hundred and Sixty-eight (468) hectares, situated in the Municipality of Kibungan, Benguet, Mountain Province, and embraced within the acknowledged minera: district popularly known 3S the r egion of the best mines in the Philippines. It is evident that our prop~rties have a bl'illiant outlook, a fact which was corroborated in the report of the Geologist and Mining Engineer who inspected the place twice and examined in detail the commercial value of the claims. The complete report of our engineers is attached to this Report. PROGRESS OF OUR FIELD WORK
In the interest of economy, the members of the .Board of Dil'ectol's have elected among their members one General-Manager, who receives no additional remuneration ou"4ide of the salary previously assigned to him in his discharge of one office. Under the direction of th manage!' and with the supervision of the board, tho ough exploration work has been effected in our mineral properties. In two or thrce months of existence of your corporation, seven tunnels have been opened, photographs of some of which are reproduced in the accompanying pages of this report. It has not been possible to employ more capital than was necessary for more int¢nsive exploration and development work in our mineral claims on account of the fact that pel'mit to sell securities was gl"anted by the Commissioner of Securities only on April 5, 1937. As could be seen in the preceding paragraphs, your Board of Directors has employed all available means possible under the circumstances, to obtain th<! best possible results from our mineral properties for the benefit of the investors in the corporation. It is not to be expected that within a brief period of three months, the corporation would be able to produce gold bccause this would be imposssible. No mining corporation of our category has been able to produce gold in less than a yeur of existenae; and considering the nature of field work that has been undertaken in our properties, it might be said that very few mining corporation have been able to accomplish what our corporation has accomplished within a relatively short period of time. Besides the opening of the above-mentioned tunnels, we have also constructed a seven-kilometer trail leading to OUI' IH'operties, [\ camp-house which is
61
used as laborers quarters at the same time temporarily serving as bodega where implements employed in exploration work are kept. MINERAL POSSIBILITLES
Before verifying the nature of the exploration work undertaken in our mineral properties, our Consulting Mining Engineer, Mr. Dell, submitted a preliminary report which appears ill full in the last pages as Appendix "A". After thorough exploration work, the same engineer, accompanied by Mr. Reynolds, also a licensed mining engineer, undertook a second inspection trip the result of which is embodicd in another lengthy report. A rough comparison between the two tcchnical reports will enable us to appreciate of the true extent and magnitude of the explomtion and development work rcalir.cd in our mineral properties and withal, give us encollragi ng hopes of what to expect in the neal' future. A t the rate exploration work is progressing in our mineral claims, we have encountered flattering indications that point to the inestimable value of our properties-indications which grow more encouraging as development work progresses. WitH these facts and data, we believe it is not unreasonable to expect that ill the near future our expectations regarding the property will materialize. BENGUET GOLD MINES, INC. (Sgd.) JOSE DUREMDES, General JUanager. REPORT ON THE GEOLOGICAL EXAMINATION OF THE KlBUNGAN GROUP; LO CATION AND ACCESSIBILITY
"The Kibungan group of claims consists of 60 full lode mineral claims of 9 hect..1.res ea.:h. They 3l"e duly registered in the Office of the Mining Recorder in the City of Buguio, l\Iountain Province. "The claims call be J'eached by driving to Kapangan on the Acop Road which is an auxiliary highway it is necessary to use horses for a distance of 38 kilometers to the Presidencia of Kibungan, thence a trail opens to the claims proper from the municipality line of Kibungan. The western boundary of this group rests on the municipality line of Kibungan, while the eastern boundary borders on public lands as also does the southern and northern boundnries. TOPOGRAPHY
"The claims start at the base of the Ampungan River which is 2,500 feet nbove sea level and rise to
THE COMMERCIAL & INDUSTRIA'L MANUAL an a ltitude of 6,800 direction with an approximate dip of 659. "Four large streams flow through this group, being tributaries of the Ampungan River, thereby assuring a sufficiency of water in both the rainy and dry season. The area is covered with a sufficient quantity of commercial grade pine and oak. Thi s will last for mining purposes for many years to come.
with finely disseminated crystals of pyrite. Two samples were taken here for assay. "The Roosevelt Claim has a very small outcrop which does not look very favorable owing to the fact that no attempt was made to prospect it in the hope of exposing a vein. The width of the outcrop here is 23 inches. Two samples were taken for assay. "The Salat Claim revealed an outcrop 64 inches in width, consisting chiefly of quartz with crustified bandings in place. Two samples were taken for aSS:lY路
GEOLOGY
"From all outward indications the area is well mineralized. The countl'y rock is generally of andesite and diorite. The Ngognong Claim revealed an outcrop of approximately 27 inches in width. This consisted of a white quartz with coarse crystals of pyrite embedded therein. Two samples were taken for a ssay, "The Cadlap C~aim exposed a vein of similar mincralization with l he width of the oukrop considerably larger than t e Ngog nong. Two samples were taken for assay. "The Sacaang Claim revealed an outcrop appl'oximately 40 inches wide of highly oxidized quartz,
GENERAL OBSERVATIONS AND RECOlllMENDATIONS
.. I am frank to say at this time that any fund::. expended for future prospecting and develop 路 ment of the group of claims is justified. This I attribute to the width of the outcrops and the results of the assays of the samples that were cut from the above-mentioned outcrops. Due to the steep terrain of the country adit openings can be done very cheaply and inexpensively. The generous number of trails that are scattered throughout the property make it accessible for exploration purposes. ~" In closing I will suggest that a capable and l'espbnsible man be placed in charge of exploration
\
BENGUET GOLD MINES, INC 3rd Floor TuazoD Building,
12 ESCOLTA, MANILA
Telephone : 2-26-40
P. O. Box 2359
Capiral: Pesos 500,000.00
Share par value: P .Ol
PHILIPPINES on this group for a period of 3 or 4 months. A routine schedule of work should be mapped out nnd adhered to very strictly. At that time another examination can be given on the claims which may be in order and I feel most certain that more positive result in the development of a paying mine for the investing public. (SUd.) LOUIS C. DELL,
C01lsult1'ng Geologist a1!d kHnitlg Engi1leeJ''' "PROGESS REPORT ON THE BENGUET GOLD MINES INC. (KIBUNCAN GROUP)
"The writer spent three days of this month checking the prospecting of the above-mentioned group and the result of this examination l'cvealed the following: A tunnel approx\mately seventy feet in length has been driven on the site of the main outcrop on the Cadlap Claim. A vein with a width of well over five feet has been followed to date for about thirtyfive feet and samples cut from same gave assays of, Ttace, $4.80, $3.65, $2.24, $1.24, $.84, $.84, $.41, $.41, Trace. The vein show well-~efined hangi ng and foot-walls and is made up of an altered andesite, brecciated with a white crystal quartz. In all probabilities this vein will widen considerably and I recommend that drifting be continued in an effort to determine the dip and the probable extent of its course. I am inclined to believe that this is part of the main vein situated on the Sacaang Claim which is considerably wider and carries higher values than the aforementioned one. The Sacaang Claim Outcrop was opened and drifting has reached approximately forty-one feet. The vein was encountered only after drifting in some twenty feet and is being followed dit·cotly. It hos a width of nine and one-half feet, shows well defined walls also, and is composed of mainly of a granitic quartz, with heavy pyrite crystals Imbedded wilhin. Assays made from samples cut from this vein gave values o{, $.41, $.41, $.84, $1.24, $1.24, $2.40, $8.90. $6.80, $18.40, $20.24, Trace, Nil, $.41, $.41 $.41. The Roosevelt Claim Outcrop was opened and a drift adit begun. This adit has advanced some twenty-three feet to date. H owever, no indications are present that would warrant the further prospecting of this outcrop. The vein cross-cut after drifting about cleven feet and appears in a poorly mineralized zone. It has a width of about ten inches and the assays from it were very poor. They gave as follows: Nil, Nil, Trace, $.41, $.41, Trace, Nil.
63
Nil, Nil. I have recommended that this dl'ift be abandoned for the present and more time be concentra ted on the for egoing drifts. "GENERAL OBSERVATIONS AND RECOMMENDATIONS
It is my honest belief after this second examination that this property is most deserving of future exploration and development in the immediate futUre. The results of the assays are most encourag~ ing and quite consistent on the first two mentioned claims. The trail has been widened and made a ccessible for wagon transportation as far as Kibungan itself and for the next six months no equipment will be necessary. of such weight to further prospect the area. In the meantime however, any prospecting equipment that may brought into the picture can be transported from Kapangan without any ordinary difficulty. The prospectors are making efficient use of the timber found on the claims and this has reduced expenses in a material way. The campsite is being run on a very sanitary and economical basis. The food is plain but is prOIJerly cooked and clean. In ShOI·t, the men seem to know their jobs and are performing their tasks in a most workmanlike manner. I recommend that this work continue along the schedule I have prepared and within two months I shall make another ins pection of the prospecting. When at this time I feel most certain that s uch information as may be nceded for the expenditure of funds for the construction of a road from Kapangan may be decided. All assays in this report are based on the old price of gold $20.67 per troy ounce. (Sgd.) LOUIS C. DELL, B. Se·s., E. M .• Commlting Geologist. Mini/lO Engineer. (Sgd.) ARTHUR I. REYNOLDS Licellsed Mining Engineer." BENGUET GOLD CAVE MINES, INC. Head Office: Yutivo Sons Building, ManilaPromoters, Consulting Engineers alld Managers: Alvir & Co .• I nc.-CapitaL Stock: Pesos 1,000,000.00 divided into 100,000,000 shar es of the par value of P esos 0.01 each of which 20,000.000 shares only with the value or esos 200,000.00 are to be offered to the public-Din!ctors: Don Vicente Lopez, Hon. J. V. Bagtas. Judge Francisco Delgado, Dr. A. D. Alvir, Hon. Manuel Lim, Dr. El'nesto Y. Sibal, IUr. C. G. Hannaford-Bank Rofo)'once: Philippine National Bank.
THE COMMERCIAL & INDUSTRIAL MANUAL
64
Acting on the recommendations of Alvir & Co., Geologists and Mining Engineers, who have thoroughly made careful and painstaking examinations of the propt.>rty, the Benguet Gold Cave. Mines. Inc., was evenJllally ol'ganized for the exploration and development of 50 full lode mineral claims. situated in the banio of ChC!g ao , (If the Municipality of Tublay. Sub-Province of Benguet, Mountain Province. All these claims have been located and duly registered in the mining recorder of the City of Baguio, prior to the inauguration of the Commonwealth Government and they properly come under the freehold !>ystem.
The pl'operty of the Benguet Gold Cave Mines, Inc., is located in a region where considerable gold dc;.>osits have already been found, and as to the said property, the prospects of discovering good deposits aI''! better than aVC1'age, as substantiated by the report of Alvir & Go., Consulting and Teehnical Experts of the Company. The area is highly ineralized with numerous veins cutting throug h it in all directions. Teh best veins, however, appear to {ange from North-'West to North-East. The veins \ange in width from 2 to 8 feet and gave high a ssays, especially the widest veins. It is very accessible a, a road cuts throngh it about 15 kil ometers from Baguio. The so-called 24-foot vein should be excavated to determine the true direction and true value of the various veins which interesecb at that point to form what appears to be a 24-foot vein. The p rospects of discovering a good deposit and opening a mine here are much better than average. LIST OF CLAIMS Nfl/lit 4 Claim
Sweetheart .. Claim " S" DlI llI[oc. Claim " N' Claim " Z' Menac.
N"lIIt -j
L~r(JIDr
Pedro Pontino. . Pedro Pontino. . Mataan . . Awakan. Awakan Segu ndo . . Camisa ... ~1,,":,ac~rC'. aIm .. V. Locyan. '. Ban nacon. P~l gu e Ponllno. . Sweet . . Fra!lcisco Bagawi. Mataan . Claim "n" Rate . . Ramon Pontino . . Datioan . .. Claim .. L路路 .. Claim "K". Datioan. Claim "P" . . . Jacinto .. . Claim "Y" Jacinto ... . Maltin,!;" .. Sumensen . Claim " G" S. Pablo
DIm Filled
6--17- 33 6--17-33 6--17- 33 6- 17- 33 6- 17- 33 6--20-33 6- 20-33 6-20-33 6--20-33 6-20-33 6-17-33 6--20--33 6-20-33 6-20-33 6-17-33 6-17-33 6- 20-33 o- 20- 3}
B~Dk
1) 1) 1) 1) 1)
I. I. I'I. I' I'I. I. 14
14 14 14
14
Pal,u
681-884 677-680 693-696 685-688 689-692 133-136 141-144 145-148 169-172 181-184
1-'
161-164 12S-128 121-124
5-8
9-12
137-140 157- 160
DlImanav .... Jacinto.: Dunay .. .... . Chim "A .. .. Gatepa. Sacuet .. . Billy P! tac. .. Pure . . . . Damud ... Batyog .. Beneng .. Bagas Bagoong .. ... ... Pela .. ... Apsay .. !3ayating .. . .. Durant Austin . Plymouth. La Lorna... Luna....
Dalewan Pontino. 7- 3-33 Tomas Pontino. 7- 3-33 Quiong ... . .. . ... 7- 3-33 P11,gue Pontino .. . . 7- 8- 33 QUlntano Pontino . . 7- 8-33 Francisco Dagawi.. 7- 8- 33 Mauan . 7- 7- 33 Tostos Bogtong. . . 7- 8- 33 Jacinto.. 7- 8- 33 Tanacio. . 7- 8-:n R. S. Kemoyong . . 7- 7- 33 B. Acas.. 7- 8- 33 P. Carino 7- 8- 33 P. Carino ......... 7- 8-33 Segundo Banana!... 8- 8-33 Tal'man Dacdayan .. 7- 7-33 Fe ire Bal inia ..... 7- 18- 33 Franrisco Bagawi .. 8-11-33 Francisco D~gaw i .. 8-11-33 Francisco J3~gawi.. 8-11- 33 Francisco Bilgawi .. 8- 11-}3 Jose Peredo........ 8- 11-33 B~by.... Dolores Sra. Maria. 8-11-33 Obing.. Adcl?ida Moran . 8- 11- 33 Whippet. .. J. R. BOlPyong.. 8-11- 33 MaloJos ....... J. R. Bogayong 8-11-33 Barno ........ B. PangiJinan.. . 8-11-33 "L". . . J. Aggan 8- 12- 33 Ide?J. . . J. Aggan.. 8- 12-33 Lytle... ,). Aggan .... .. ..... 8-12-33 Knnck. . .. . . Dolores Sta. Maru.. 8-25-33 Sta ..\na.. Henry A. Kamora. 8- 28-33
I'I'
I'
17 17 17 17 17 17 17 17 17 17 17 17 17 19 26 26 26
"
26 26 26 26
26
" " 26
26
30 30
57-'" 45-4'
6>-<8
449-452 45}-4S6 4<19-412
221-224 457-460 413-416 437-440 22S-228 429-432 417-420 421-424 43}-436 23}-236 641,-644 197-200 189-192 229-232 217-220 181-184 185-188 117-120 161-164 149-152 125-128 421-424 413-416 425-428 37-40 501-504
['he relief here is more moderate than in most parts of the mountain provinces. The ridges are mOl:e rounded and more gently sloping. The streams flow mostly westward and n~l'thward into the Tublay river. The country rock of andesite and diorite is favorable. The vein system is very much crisscrossed as they run in many directions. Thc vein with a strike of N 570 E looks best at the intersection on the Tewacay claim. That is sample No.6. Vein from which sample No.5 wus taken str ikes N 40 0 Wand looks nearly as good. The No. 10 sample from "L" claim, wherc a vein strikes N 240 W is at least as good as t.he one before mentioned. Samples 5, 6, 7, and 10 from these thl'ce should give the bcst results. Samples No.8 and 9 are from the vein on the "K" claim which was taken in two sections. All of the veins dip to the cast. Mineralization is quartz, calcite and sulfides and oxides of iron with a mixcd blue gouge. The first sample was taken on the Beneng claim. The cut across the vein was ten inches. The vein material was blue gouge mixed with a little sulfides and quartz. The strike was N 31 0 Wand the dip 65 0 E. Assay result-$0.31. The second, third :md fO\1rth samples wen'
PHILIPPINES
65
BENGUET PAMPANGA MINING SYN DICATE OWNERS OF
59 MINERAL LODE CLAIMS Located in the sub-province of-
BENG U ET PHILIPPINE ENGINEERING LABORATG)RY ASSAYS TABUYO MINERAL GROUP No. 3486 O~. Old Viti", I.. .08 $ 1.65 .60 12.40 fA... .. . .. . lB ... .60 12.40 IC.. . .20 4.13 ADAMSON SCHOOL OF IND USTR I AL C H EM f STR Y LABORAT ORY ASSAYS DALIPEY MINING GROUP No. 453 Gold. . .$132.09 Per Ton
Municipal District of Tublay and Bakun , Me. Province .
SUBSCRIPTION OPEN To cover 20% of its capical stock
of f'500,OOO divided into 50,000,000 shares of p O.01 each.
OlfHER PROPERTIES: 42 Mihera l lode clai InS in the Barrio of Napaliran. munic-
ipality of Balingasag, province of Orienral Misamis.
50 CHROMITE lode claims-situated in the Barrio of Waog , municipality of Botolan .
province of ZAMBALES.
RESER V An ONS IN PERSON, MONEY ORDER OR TELEGRAM UPON FILING APPLlCATION AND BALANCE IN TWO CALLS.
2 5째1째
Benguet-Pampanga Mining Syndicate 308 FERNANDEZ BillLDING, 124 T. PINP IN TEL. 2-55-32
66
THE COMMERCIAL & INDUSTRIAL MANUAL
taken ;lel'OSS a vein on the Knock claim in the gulch above t he bridge. Number 2 was a three-foot cut from the central part and consisted of blue gouge quartz and sul fides. Assay reseult was $6.20. Number 3 was 46 inches in width and was on the hanging wall side 12 feet lower down. The minerals wcrc calcite, quartz, sulf ides, and some mineralized andesite. Assay resu lt wns a tl'aee. Number 4 was 27 inches wide and 8 fee t below sample 3 on the footwall side. The strike is nearly EW and the dip 46掳 E. Assay result was $0 .41. Samples 5 and 6 were taken on a vein reported by a ]) I'CVi Oli S examination as 24 feet wide. This was found to be nn in ter sect ion of three 01' more veins, three of which wcre found. Sample 5 was 39 inches cut across the vein stl'iking N 40 0 Wand apPl'oximate!y ve -tical dip. 1'he miner als were oxides of quartz, and iron and a few sulfides. The assay result was $10.33. Sample 6 was 29 inches wi de across the vein s~iking N 570 E and dipping approximately vertical. The minerals were essentially the same as in nun\ber 5. The assay result was $5.37. The third vell~ did not present a definite enough face to snm pl ~ but the strike was N ]0 0 E. These were on the Tewacay claim. Sample 7 was a l3-inch cut on the M81010s claim. The vein material was blue gou ge mixed with quartz and sulfides. The strike was N 70 0 E and the dip 65 0 SE. The assay result was $18.60. Samples 8 a nd 9 were taken on the "K" claim. Sample 8 was a 40-inch cut on the hanging wall side and sample 9 was a 55-inch cut the I'est of the wa~' across to t he footwall side. The miner als were qUal'h, ca lcite, sulfides and oxides mixed with some nndesite. The strike wn s N lJ5掳 Wand tibe Jip was 60 0 E . The assay results were $21.70 for sample 8 and $37.21 for sample 9. Sample 10 was a 37inch cut taken on the ttL' claim. llhe vei n was well oxidi zed and the mineral s were quartz, calcite, iron oxides and sOllle sulfides. The strike was' N 24 0 W and the d ip was 74 0 E. The assay result was $17.37. ALV lR & CO., INC. ANTONIO D. ALVIR Geologi8t & M ininu E v.gineel' W. H. ELROD
J J illi1l9 Engineer. BENGUET GOLDEN GATE MINING COMPANY Head Office: 670 n asmarinas, Manila-Registered: September 9th, 1937- A lfthol'ized C(1)itai:
Pesos 400,000.00-Subscl'ibed Capital: Pesos 80,OOO.OO-P(Lid-in Capital: Pesos 20,000.00. hlcorpo1'atO)'S :-Ruperto :Montinola, Teopisto Guingona, Juan Gaerlan, :rill's. Asuncion M. Jamora, Dominadol' D. Ambrosio, Mariano y, Granados, Celso D, Jamora, J ose B. Teruel, Antonio Rimando and Teo路 f ilo Mina. BENGUET GUN CLUB Head Officc; Bag uio- Regi8tcred: August 12, 1936- Tenn: 50 years-Busincs8: To Encourage marksmanship, as a Means of National Defense--Nationality: Filipino-Jnco/'pOJ'atol's and Directors: Dominador T. L acsamana, Julian C. Reyes, Jose Atienza, Roman Ayson and Guillermo L. Laroco. BENGUET-K IBUNGAN GO LD MIN I NG CO., INC. Hfmd Office: Manila, Philippines-Registered: December 23, 1936- Tenl~: 50 years-Business; Mining-Nationality: Filipino-Capital Stock: P esos 450,000.00 divided into 45,000,000 shares of the par value of P esos 0.01 each-Su bscribed Capital: Pesos 90,000.00-Capital Paid: Pesos 22,500.00-J71COI路pO. r a tors: Jose A. Angara, 1'omas Oppus, Arsenio Bonifacio, Juan L. Luna, J. Y. de la Rosa, Atanacio Bayan, Enrique A. Amador, Valentin Afable and Carlos Macasaet. BENGUET-PAMPANGA MIN ING SYNDICATE Head Office: 308 Fernandez Bldg., ManilaDirectors: Dr. Vicente V. Fernandez, President; P edro C. Mamaril , 1st Vice President; Manuel Crisologo, 2nd Vice President; Miss Cristine Flores, Secretary; Valentin 1\'1. Va ldez, Treasur er; Catalina D. Magalang, Asst. Treasurer; An tonio V. Fernan dez, Member; Nemesio Hacad, Member; Fabio Malan, Member; Macario Mendoza Rosa, General Manager.-Capital Stock: Pesos 500,000.00 Divided into 50,000,000 shares of P esos 0.01 each. (Minimum subscriptions 10,000 or Pesos 100.00) . The properties of the Benguet-Pampanga Mining Syndicate are composed of two (2) group---Qne, the Tabuyo Mining Group which consists of fifteen (15) lode mineral claims, and the other, the Dalipey Mineral Group consisting of forty-four (44) full lode mineral claims, or a total of fifty-nine (59) claims. These groups are located: Tabuyo Mining Group, in the barrio of Kapunga, Mun~cipal i ty ~f TubJay, P r ovince of Benguet, lift. P rovlllce. T hls group a s can be seen in the following sketch, .is adjacent to K ing Salomon Mining Co., Consohdated
PHILIPPlNES Mines, Km. 21 Mining Company of Joe Keach Cross Campall of Jose Roldan and Trinidad Mining Syndicate of A. G. Yankey. While the Dalipey Mineral Group which is adjacent to Luis Hora Claim, is situated in the sitio of Dalipey, BalTio of Ampusungnn, Municipal District of Bakun, Sub-province of Benguet, Mt. Province. The mines can be reached from Baguio via the Mountain trail. The Tabuyo Group ca n be reached by WIly of Km. 20 to Lumber trail. The Dalipey Group can be reached by using the North Star Road and then the Ampusungan trail. These regions have, for maJlY years, been and are still now the place where the natives extracted and are extracting gold in the ir primitive ways. Namc of Claims Santy Alomit Fr. Naba Agar Conquer Kittong Manapo Peeican Fl'. Qucninto Pingel Manca Sillge Abo Locu ~t
Sayagun
Natne of LocatoJ' Bato ""l anuel
Date Located Oct. 25-26, 1935
Do Do Damilo Isf\
Do Do Patricio
Do Antcro
Do Daodao Ciano Daodao Apidos Comsat Apidos Alvaro Luna
Do Do Feb. 17-19, 1932 Feb. 19, 1932 Feb. 18, 1932 Dec. 9-10, 1932 Mar. 2-3, 1934 Dec. 12-14, 1932 Dec. 12-14, 1932 Dec. 7-9, ]932 June 16, 1933 June 12, 1933 June 14, 1933 Mar. 20, 1935
BENGUET TW IN PEAKS MINES CO., I NC. Head Office: Manila, Philippines-RegisteJ'ed: De('embel' 10, 1936-Tc1'1n: 50 years-Business: Mining - Natiollalitll: Filipino Capital Stock.: P esos 160,000.00 divided into 16,000,000 shares of the par value of Pesos 0.01 each-SnbsCI'ibed Capital: Pesos 30,000.00-Cal)ital Paid: Pesos 14 ,400.00 - ltlcoTJ)oJ'aloJ's: Felix Paterno, Ramon BOlTomeo, Paz P. de Faustino, Rosario G. de Borl"om.eo and AnacJeto Ramos.
=--
BENITO Hea(l od: A.pril portation
GAERLAN TRADING CO., INC. Office: 328 Nueva St., Manila-Register21, UJ36-Tel'1JL' 50 years-Bllsiness: I mof Sugar, Dry goods, and General Merehandis~National1tlJ: Chines~Capitat Stock: Pesos 50,000.00 divided into 500 shares of the par value of Pesos 100.00 each-Sltbscribed amd Paid-in Capitlll: Pesos lO ,500.00-Directors: Benito Gaer-
67
lan, Ko Pin, Ong Ka, Tiu Cian Shiu, Tiu Suaco, Tiu Hun Chiong, H. B. Yu, Tiu Bian Heng and Tiu Hock Lin (Ong Ka, H. B. Yu, Tiu Bian H ong and Tiu Hock Ling, arc incorporators only) - 7'J'eusnrer: Benito Gaerlan, 328 Nueva, Manila. H. E. BENNETT & COMPANY Head Office: Manila-Registered: Octobel' 16, 1936-Tenll: Three (3) years, from Oetobel' 16, 1936 -Business: General brokerag~Nationality: American-Capital: Peso 100,000.000-Capilal contributed by each Ixt1"tn6J": H. E. Bennett, 49 % ; Chas. A. McDonough, 51 0/0. B. H. BERKENKOTTER & COMPANY, INC. Head Office: 401 Masonic Temple, ManilaRegistel'ed: Septembel' 24, 1936-TeJ'1J~: 50 yearsBusiness : General brokerage, Commission, Under-
writing, Fonvarding and Export busi ness; To buy, Sell and deal in all kinds of stocks, Shares, Securities and Commodities deal in by the Stock Exchanges of the City of Manila-National ity: Filipino -Capital Stock: Pesos 1,000,000.00 divided into 1,000,000 shares of the par value of Pesos 1.00 each -Subsc,-ibed Capital: Pesos 200,000.00-Capital Paid: Pesos 50,000.00-lncorpol路atol路s and DiJ'ectors: B. H. Bcrkenkotter, W. Ick, E, J. Sander son, Chas. G. Saill and Felix J. Torres-Treas!tJ'eJ': B. H. Berkenkottcr, Manila, Philippines. BERMUDEZ & BAUTISTA, INC. Head Office: 5 San Gabriel, Binondo, ManilaShop: 1622 Economia, Sampaioc-Nationafity: Filipino- Business: Brokers and General Merchants; Copra, MagueYj Ice Distributors; Salt DealersEst(tblished: 1917-Bank RefcJ'cl!cc: Bank of the Philippine I sla nds; China Banking Corporation. BICOL FASHIO N ACADEMY Head Office : Naga, Camarines Sm'-Registered: August 27th, 1937-A!(thoJ'izcd Cal)ital: Pe~os 2,000.00-SlIbscl'ibed Capital: Pesos 500.00 - Paid-in Capital: Pesos 180.00-htcorJ)oratoJ路s: Miguel R. Ibann, Flom A. Ibana, lsabel G. Vein, Francisen l\Iacandog and Amando Zantua. ConiJ'olling interests: Filipino. BIG WEDGEl\HN ING COMPANY Pl'oduclioll fol' the month of Octobel' ]937, according to officials of the company, amounted to 1)128,145.16, down approximately 1)6,000 fl'om the IJI'evious month's POUl". The mill trellted a total of 4,163 tons of ore.
THE COMMERCIAL & INDUSTRIAL MANUAL
68
BINAHIAN LOGGING AND LUMBER COMPANY. INCORPORATED H ead Office: Masonic Temple, Escolta, Manila -RegisteJ'ed: April 1, 1936-Term: 50 years-Business: Logging, Cutting Timber, Manufacturing a nd Exportation of Lumber, and all Fores t and Lumber Products-Nationality : American-Capital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 each-Stlbscl'ibed Capi. tal: Pesos 58,500.0O-Capital Paid: Pesos 38,000.00; Cash: Pesos 3,000.00 ; P r01Jerty: Pesos 35,000.00Incorporators and Directors: Abraham Garfinkel, B. K. Garfinkel, Daniel Boquer Jr., Miguel Pujalte, John H. Ziegler and Thomas A. Lynch. (Abraham Garfinkel, is an incorporator only) - T1'easuTeT: B . K. Garfinkel, 1970 Calle Roberts, Pasay, Rizal. BrNALONAN CARNIVAL ASSOCIATION Head Office: Binalonan, Pangasinan-Regis· tered: March 21, 1936-Tenn: 50 years-Business : To Organize, Manage and Direct Carnivals, Fairs, Exposi tion, Celebrations or Receptions of a public
nature within the province of Pnngasinan, Philippines-Na.tiona.lity: Filipino-Capital Stock: Pesos 1,000.00 divided into 200 shares of the par value of Pesos 6.00 each-Subscribed and Paid-in Capital: Pesos 420.00-incorporators: Roman G. Cansino, P rotacio Galinato, Graciano Gayapa, Antonio Quintos, Vivencio Romero and Constantino Sagun-Directors: Casimiro Sison, Roman G. Cansino, Francisco Pena, Jovencio Villarin, Honorio Romero, Germiniano Villarin, Jose Solis, Antonio Quintos, Pro· tacio GaJinato, Vivencio Romero and Eusebio Abar· car-Trea81trer: Vivencio Romero, Binalonan, Panga~inan.
BETHLEHEM STEEL EXPORT CORPORATION OF NEW YORK l/md Office: New YOl'k-BI'anches: Tn the P r incipal Cities of the World-il:fanila. Office: 320 National City Bank building-Nationality: Ameriean-BU8ine~8: Steel Products-Telegraph: "Beth· lehem"-Ba7lk Reference: National City bank of New York-Fred M. Holmes, Co.rrespondent.
M~NING CO. Balance Sheet as of December 31st, 1936
BIG WEDGE
ASSETS Fixcd Asscts: Mining Propcrdcs . . Dcvelopment .. .... ' ....... , Mill and Mill Machinery .. Miscellaneous Equipment ... Rescrve for Depreciation. OPTIONS Current Assets: Inventories .. Cash on Hand and in Banks .. Bullion in Transit.. Miscellaneous. Miscel laneous. DefTerred Charees ..... . .... tok Gold Mining Co. Contract. Overhead Expenscs ..... . Organization Expenses .. Toul Assets. ,.
f"362,S99.00 !2.S7.942.7} 204,297.49 236,907.16
UABILITIES Capital Paid· Up .. Accounts Payable.. . . ......... . Claim Purchase Accouot Payable ... . Current Liabilities .. Atok Gold Mining Co.- Current ....ccount ... Surplus .... Total Liabilities ..
30.00 147,017.30 477,677.76
'PI 686.471.44
OPERATING ACCOUNT 1';91,778.08 Bullion Production .. 443,122.66 Operating CoSt. 'P148,65;.42 Operating Profit.. PROFIT .... ND LOSS ACCOUNT 1~148,65;.42 Operating Profit. 2,876.00 Other Jncome ... 1~151,;31.42 Gross Profit.. 390,3)0.51 Interest Paid, Organization Expenscs, Etc .. ( t'238,Sl9.09) Net PrOfit (Or Loss). ...
ORE RESER YES Prospective Ore. Ore Reserves. Ore Treated .. Average Value per Ton. Milling C:lpacity per da),. Price Rangc of Scad:: High ..
Low...
'P777,404.60 452.94 126.260.00 721,S20.45 60,)33.45 'Pl,686,471.44
(e) 18,981.6 rons '1'11.29 1)0 tons .57 ceocayos .08 cenuvos
NO DIVIDENDS P .... ID (c) For the six-mODth period ending December 3ist, 1936. On JUDC, 1934, this Company entered in a contract with the Atok Gold Mining Co., to develop aod operate chi~ property on a profit sharing basis. 60% of the net profits to go to .... tol.: Gold Mining Co., until such :I time as all capical expenditures arc returned, after which Det profics are to be divided ;0.;0.
PHILIPPINES BINONGAN EXPLORATION, INC. Head Office: 205 Brins Roxas Bldg., 75 E scolta, Manila, P. O. Box No. 1382-Directors: Mrs. Doria Harison, President, Mr. J. P. Fernandez, Vice- Presdent, Hon. Francis Burton Harrison, Member, Mr. Clemente Hidalgo, Member , Dr. Clemente Puno, Mcmber.-Bal!k Reference: Philippine National Bank.
Report of t he President to the Shareholders, February 17, 1937: Your Presid(mt has fhe honor to report on the conditions and activities of the Corporation as of this date.
Our Corporation has under development 90 lode cluims located along the Binoiigan River, which is the main wutel' course in the mineral distTict of Lncuh, province of Ab1'3. In addition to these claims, the Corporation has acquired an option of 72 claims lying between.. the municipal districts of Licuan and Lacub, were "the inter-provincial AbraApayao motor road will p,\ss thru. The construction of t his road is being rush ed by the Government
69
to reach the town of Lacub, within the shortest time possible. The work on these properties is in full progress, following a systematic plan of development, and is being conducted economicall y. It may be recalled that our Corporation h as paid nothing fo r promotion and brokerage, and that expenditures have been made only for what was strictly essential for the organiza tion and operation of tho Corporation. No wat.ered stocks, of a ny nature, have been allowed. With such an auspicious beginning, t he Corporation has had the decided advantage of spending its funds mostly for tangible assets and leg itimate mining improvements, and incidental thereto which justify in full measure our investment. Advantage was taken of every opportunity to extend improvements in the claims for a ssessment purposes. The surface and Undel'gl'O\md workings made so far in our Binoiigan claims are as follows: Tunneling 1,640 ft. Trenching .. 600 ft. Open cuts on outcrops 35 km.
BINONGAN EXPLORATION, INC LIABILITIES
RESOURCES Capital Snxk .... Fixed Assets: Tools 8; Equipment. .. Furoitures & Fixtu res ..
f> 2,793.64 1,582.22
Curreo! Assets: Cash in Bank . Cash on Hand .. Accounts Reccivable .
Accounts Payable .. 2,201.95 415.'23 84.00
Ddcrred Charges: Organization Expenses: locorporadon.. Exploration & Developmcnt; Surface Improvcment 1)4,4l7.55 Transportation. . 5,592.09 Tunneling.. 12,971.95 Sutl'eyiog. General Expc:nses: Admil1i$tTatioo .. Subsistence. Mi.scdlaneous Tot al ..
4,375.86
Subscribed Capical ... Uosubscribed Capital. Cap ita! Fully Paid .. Capica! Partiall}' Paid ..
7,293.6) 1,991.09 1,670.45
2,701.18
358.00
2),001.59
10,955.17
36,374.26 1~243.451.30
Total.
f'SO,OOO.OO 120,000.00
1>
100.00 39,950.00
40,050.00 3,401.30
70
TH E COMMERCIAL
&
Buildings: 1 main camp house, with first class timber and galvanized roofing. 1 bodega for tools and supplies, made of timber and galvanized iron roofing. 1 laborers' bu nk house, mixed material. 1 blacksmith shop. 1 bodega and capatnz quarters. 1 powder magazine. 1 toilet. 1 camp at Bakag-LubJabing. 1 camp at Matimpak. 1 camp at Minuri. 1 bunk house at Tumalpuk for prospectors. Barbed-wire fence, with wooden posts, around 5 hectares of the main Campsite. A new building is at present under construction to house the Administradon Office and Main Sto re, as well as the Assay L aborator y. Due to the distance of our claims from Manila, and the present difiiculties of lllountain transportat ion until the GovcI'nment motor road reaches Lacub, the assaying of samples is too far behind our explorations. There is a great number of samples from the tunnels and open trenches, as well as f rom new outcrops, which are s\m unassayed. A n Assay L aboratory on the ground will add positive efficiency to ou r prospecting a nd development; without it, a detailed sampling of all the Workings is prohibitive in cost and impractical. The extensive exploration undertaken in our propertics has disclosed important mineral zones a nd ore values. A nlost impressive featu re is t he p resence of free gold well distl'ibuted over a I'hyolite ridge, South of the Main Camp, which comprises an approximate area of 18 hectal·es. This particular ridge has been, since time immemorial, a ground of Tinguian workings year in and year out. Gold is fo und in shallow p its, the ial'gel' pieces being sluiced off natUrally in rainy ti mes. The loaming of this area is now being made by the simple process of panning; hence the values on record by loaming have only been estimated by the numbel' and size of colors obtained. Our Assay Laboratory will give us, in the ncar future, full and accurate knowledge of gold vulues. Referring to this particulal' area our Consulting Geologist, Mr. Leslie E. August, stated that "in the event we can be assured a $3.00 average value being made eviden t as the true value of th is deposit, we should block out th e entire mass of the fOl'mution ." This would represent positive ore ready for milling. The assay values obtained from underground wOI'kings indicate that we are in well mineralized
INDUSTRIAL MANUAL a reas. Our main Cl'OSS-cut tunnel No. I-B intercep ts a system of parall el veins of northeast strike. Grab samples from ore bodies in this tunnel have g iven average assays aro und $10.00, gold at the old price of $20.67. With the installation of our own Assay Laboratory, we will be a ble to do detailed sampling and develop those ol'e bodies in the right direction during the present dl'Y season. Regarding the L acub-Licuan Group, our prospecting has resulted in important vein discoveries. Assessment taxes were paid to the Government on November 20, 1936 for those claims of the group (In which assessment works were not completed. OUI' fi ndings in this property contradict the genera l impression tha t t he Abl'a countr y is characterized by sma ll stringers only. A recent geological SUl'\'CY disc l o~ed real merits which justify extensive development. Our Consulting Geologist, Mr. August, has submitted detailed technical recommendations on each property inspected, which are being strictly followqd by OUl' field force. In this connection, MI'. Augp;st found that "all work recommended was efficie~t1y carried out." A few salien t features of his l'eports are quoted hereunder: Summarizing OUl' views of the mining properties w hich the Corporation is developing along the Binongan River, and in the L acub-Licuan district. we may state that t he prospects of our enterprise look highly favorable, The n ecessary r equ isites are now being completed to obtain the authori ty of the Commissioner of Securities and Exchange for the sale of our sha res to the public. Our financial statement as of December 31, 1936 is attached herewith and made part of this l'epOl·t. (Mrs.) DORA HARRISON, P,·eBident. BLUE BA R COCONUT COM P ANY Head Office: 301 Fernandez Building, Manila, P. 1.-B1·unch: 527 Fifth Avenue, New York CityNatio1/Ulity: Amel'ican-BllsiJ'css: l\1anufacturel's of Desiccuted Coconut-Established: JanU f\l'y 1927-PJ'incil)uls : J. D . McCord, President and Gen eral Manager, G. 1'. Herl'mann, H. J . Belden, C. H . Sleeper, G. M. Ivory-Agcncics: Durkee Famou<; Foods, Inc., Elmhurst, L. I., New YOl'k-Ba7/k R cfCl'ence: Hongkong & Shanghai Ba nking Corpol'~ tion.
PHILIPPINES BONTOC EL DORADO MINES Head Of/ice: 3rd Flool', Tunsan Bldg., Escolta, Maniln-Alttlwrized Capital: Pesos 300,000 divided into 30,000,000 Shares of One Centavo cnch-Boani 0/ Tru8teu: Hon. Quirico Abeto, President; Mr. Erncsto T. Jimenez, Vice-President; Mr. M. G. Go路 ycnn, Treasurer; Mr. Jose Duremdes, Secretary; llr. Eduul'd S. Barnndu, Gen. lUg-r., :Mr. Erncsto J. Seva , Member; Mr. Yap T:lk Wing, Member-Bank Reference: Phil. Nationnl Bank-Legal COlnlBels: Abeto & Seva.
The Mountain P rovince has always been the center of gold activity in the Philippines. And rightly so. The hills and mountains of the Mountain Province have, from Spanish times, prove~ rich sources of gold and other precious metals. While, some years ago, Benguet has proven itself the greatest gold producing region of the Mountain Province and even of the Philippinel<. geologists and expert mininf engineers have found that other parts of the province aTe similarly min<!ralized. Bontoc has since heen\ ne of them. Tn fact, sevel'al flourishing mining companies have claims in Bontoc and many more are in the process of exploration and development. The properties of the Bontoc El Dorado Mining Association consist of Forty-Two (42) lode mineral, gold.bearing claims located in the municipality of Bcsno, Mt. Province. They adjoin t.he group owned by the Bontoc Demonstration Mines and the Fedilisa~ Mining Association. Bllt more than that, it has the advantage of bcing located in the most accel'sible portion of the mining district a nd therefore easy of exploration and development. Several cuts have been made and old igolTot wOl'kings are still in existence displaying the rich potentialities of the uncovered portion. A little mo r e prospecting and the whole commercial possibility of the properties will be confirmed. But, in order to determine the r eul worth of the properties, further exploration work must be made on the properties. There mu!>t be sufficient good quulity ores blocked out nnd aSl<ayed in order to Curther confirm the minernl value of the property. It is for this purpose that additional capitnl is being raised to help finance the further developments of the properties. The Ph ilippines is coming to its own. industries lire being developed and perfected. The mining industry is one of them, if not the most im路 pOrblllt. Til fact, it hit!! Ilctuully replaced other
71
staple products in importance and assumed a role hltnerto unparalleled ill the annals of Philip;line husiness. Take advantlJgc of this new trend while there is time left. Tomorrow may be to too late. BONANZA MINES INCORPORATED Head Office: Manila, Philippines-Registered: December 11, 1936--TeNIl8: 50 years-Business: Mining-Nationality: Filipino-Capital Stock: P esos 600,000.00 divided into 60,000,000 shares of the par value of Pesos each--Subsc"jbed Capital: P esos 120,路 OOO.OO-Capital Paid: Pesos 30,000.00-i1lcorporaton;: Mi guel Cuaderno, R. G. Marquez, Jose Cojuangco, Alfonso. Calalang and Luis Lichauco. BONIFACIO MINING EXPLORATION CO., INC. He ad Office : 180 David, Manila,-Registered: November 14, 1935-Term: 50 years-Business: Mining, Placer mining, Milling, Concentrating, ConVerting, Smelting, Trea ting, Preparing fo r market, Manufacturing, Buying, Selling, Exchangi ng-National路i ty: American-Ca1)ital Stock: Pesos 90,000.00 Divided into 90,000 shares of the par value of P esos 1.00 ea~h--S1tbscdbe(l and Paid-in Capital: P esos 23,775.00-lncorponJ,tors and Directol's: C. 1\1. Cotterman, P. A. Meyer, Hil ton Carson, Bonifacio Nicolas and Walter Robb-Treaslu'e,': 'Valter Robb, 180 David, Manila. BONOAN & HSIA Hcad Office: 212 Zaragoza, Manila-Registered: June 20, 1935-Term: Five (5) yenrs from June 10, 1935-Bllsiness: To engage in the buying and selling, Importing and Exporting lumber in generaJ, and to engage in lumber business in general-NationaHty : Filipino-Capital: Pesos 2,000.00 -Capital: contribnted by eaeft paTtlw': Jose G. Bonoan, Pesos 1,000.00; Davis S. N. H sia, Pesos 1,000.00. BONOTAN GOLD MINING COMPANY Head Office: 114 T. Pinpin, Manila-Registe,'cd: November 14, J935-Tel'lIt: 50 years-Business: Milling, Concentrating, COllverLing, Smelting, Trenting, Pl'eparing for mnrket, Manufncturing, Buying, Selling, Exchnnging, nnd otherwise p r O/!ucing and dealing in gold, Silver. Copper, Lead, Zinc, Platinum, Brass, Iron, and all other kinds of Ol'es, Met..-!.ls and Mineral s - Nationality: American - Capital Stock: Pesos 500,000,00 divided into 5,000,000 shares of the par value of Pesos 0.] 0 each-S1tbscl'ibed ancl Paid-i1t Capital: Pesos 250,500.00; Cash: Pesos
72~____________~T~H~E~C~O~~~~R~C~I~AL=-&~LN~D~U~S~ TR ~~~~MAN~~U~A~L~______________ 500,00; Mining Cla,im8: Pesos 250,OOO.OO-lncorpo-ratot's: H. A. Wendt, Francis Lusk, V. Aldanese,
Domingo J . dd CaUnr and Julian D. TiongcoDirectol'S: Francis Lusk, President; H. A. Wendt, Vice-Pl'csidcnt; Chns. KUl"z, Sec. l 'l'casul'cl'; Vicente Aldancsc, l\'Icmbel'; Angel Elizalde, Member. BOTJCA LIBERTAD Head Office: Iloilo, I1oilo-Reuistel'ed: Septem10, 1935-Tel'm : 25 years-Business: To make, Buy, and sell medicine and drugs-Nationality: Filipino -Capital Stock: Pesos 2,500,00 divided into 25 'Shares of the par value of Pesos 100,00 eachSubscribed and Paid-in Capital: P esos 2,500.00h!C07'1)Ol'atol's and D irector s: Vicente Pinzon, Francisco Villanueva, Zoilo Escarilla, Miguel Piccio Araneta and Rcstituto Tl'cspcscs-TreaS1o'e7': Miguel Piccio Araneta, Iloilo, Iloilo, P. I. BOTELHO, INC. H ead Office: 2nd Floor, Wilson Building, Manila-Bllsiness: Brokerage and Mining Promoters -Established: February 3rd, 1937-Principals: Juan L. Ledesma, P reside,tt, A. A, R. Botelho, VicePresidcnt, •• nd Managing it'ector, Felipe Buenca-
mino, Jl'., Vice-President, J. B. L. Reyes, Secretary. O. D. Arriola, Treasurer-Authorized and Paid-in Capital: Pesos IOO,aOa.OO-Par Va lue of Share/!: Pesos l.OO-TeleU)·WJ)/t Address: Tonico---Bamk R ef enm.(1(!: Bank of the Philippine Ishmds. BOTICA NG BAYAN, lNC. fiea ca Office: San Pablo, Laguna-Nat'ionality: Filipino-Business: Druggists-Established: September 10th, 1937-Capital Stock: P10,000.00 divided into 100 shares of the par value of PIOO.OO eachS1tbsc"ibell Capital: P2,000.00-Capital Paid-i,L: Il l,000.00-inco7·porators.- Drs . Fortunato Manzane1'0, Ricardo A. Raymundo, Fernando Bautista, Benito V. Belen, Daniel Torralbn, Dominador H. Gesmundo, Santiago Gutierrez, Mrs , Joaquina R. de Ticzon, Mrs, Paz G, de Reyes and Ceferino Catipon, BRODETT & JANUSZKIEWlCZ H ead Office: Warsaw, Poland-Manila Office: Cortes-Ochoa Building, Suite 302, 24Q Dasmarifias -Bu$'iness: I mporters and Exporters-Principals : H. M. Januszkiewicz, Manager; S, A. Brodett, Assistant Manager and Treasurer.
BOTELHO, INC. P. O. Box 513
Phone: 2-11-01
2nd Floor, Wilsop Bldg ., 143 Juan Luna
MANILA STOCKS & BONDS - BROKERS PROMOTERS & UNDER WRITERS UNDERWRITERS OF
MAPASO GOLDFIELDS, INC. GUMAOS GOLDFIELDS, INC.
PHILIPPINES BUED VALLEY :M INING CORPORATION Head Office: Rooms 401-402 Burke Bldg., Escoita, Manila-Registered: November 27, 1936Torm.: 60 years-Buttines8: Mining, milling, Concentrating, Converting, Smelting, Treating, Preparing for market, Manufacturing. Buying, Selling, Exchanging, and otherwise producing and dealing in gold, Silver, copper, Lead, cach-Natio)lality: Filipino---Ca,pital Stock: Pesos 300,000.00 divided into 30,000,000 shares of the par value of Pesos 0.01 cach-S1lbscribed Capital: Pesos 60,00D.aO-Capital Paid: Pesos 18,375.00-I'Ilcorporators and Directors: Lconcio B. Monzon, Juan L. Diaz, Ramon L. Sunieo, Rosauro Alvarez and Ignacio Fernandez.--T1'ea81t1'cr: Leoncio B. Monzon, :M anila. BUENA VENTURA TAN GUIAM & CO., LTD. Head O//ice: 235-237 San Vicente, ManilaNationality: Chinese-.q1tsiness.o Saw Mill Opera-
tors Lumber Dealers-Ejltablished.o October 15th, 1937-Capita.l: Pesos 6,OOU.00-Capital contributed by each partite,·: Buenaventura Tan Guiam, general partner, 1'3,000.00; Mariano Osorio Tan, General partner, Industrial; Tan Tong Hing, limited partner, P3,OOO. illanager: 1\1al;ano Osorio Tan. BULAN ELECTRIC & ICE PLANT I NC. Head Office: Bulan, Sorsogon-Registered: April 2, 193G-Ter·m: 50 years-Business: To supply with electric lights the town of Billan, province of Sorsogon, to purchase, manufacture, sell and distribute ice and other accessory products-Nationality: Filipino-Capital Stock: Pesos 38,000.00 divided into 380 shares of the par value of Pesos 100.00 each--Subscribed and Paid-in Capital: Pesos 38,000.00 all in property-Incorporators and Directors: Silverio F. Garcia, Elisen Trijo de Garcia, Norberto Roque, Fermin Bnrrenechea, Maria Vera
73
de Vityaco, Candido F. Garcia and Ceierino F. Garcia, (Maria Vera de Vityaco and Ceferino F. Garcia, are incorporators only)-Trea8nrer: Elisa Trijo de Garcia, Sorsogon, Sorsogon. BULAWAN MINING COMPANY, INC. Head Office: Rooms 601·603 Cu Unjieng Bldg., Manila-Regi8te)·ed: October 24, 1936-Term.: 50 years-Busine8s: To carryon the business of mining, Milling, Concentrating, Converting, Melting, Treating, Preparing for market, ManufactUring, Buying, Selling, Exchanging, and otherwise pro· ducing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, and all kinds of ores, metals and minerals-Nationality: Filipino-Ca.p· itai Stock: Pesos 600,000.00 divided into 60,000,000 shares of the par value of Pesos 0.01 each-Sub· scribed Ca.pital: Pesos 128,000.00-Capital Paid: Pesos 49,100.00-lnco,·porato,·s and Director8: Vi~ cente del Rosario, Sotero Baluyot, Fidel Reyes, Jose G. Barretto and Angel T. Limjoco-T)·easuJ'er: Angel T. Limjoco, San Juan, Rizal. BULLET~N
SAVINGS AND LOAN ASSOCIATION Head Office: 550 Evangelista, Manila-Registered: October 28, 1935-Term: 50 yearsBusiness: To encourage the habit of saving among the members, to extend financial aid to them in time of need in the form of loans-Nationalitty : Filipino-Incorpol'ators and DiJ·ectors : Antonio Es· coda, J. C. Orendain, Emilio Abundio, Leslie E. Moote and Miguel Vamba. BUNEG MINING CO., INC. Head O//ice: 5th Floor Insular Life Bldg., Manila_Registe1·ed: March 5, 1935-Term: 50 years -B1~siness: Mining, Milling, Concentrating, Con·
BRITISH & FOREIGN MARINE INSURANCE CO., LTD. Balance Sheet For The Year Ending December 31st, 1936 ASSETS
LIABILITIES
Ca.s h in Office and Banks .. .................. $ 378,289.54 Value of Real Estate owned by the Company. 360,615.<)9 Iovestmrots ............. ... . . .............. . 16,760,474.19 Interest due and accrued on Bonds ..... . 391,787.31 Gross Premiums in course of collection .. 998,452.65 Ali Other Lo:dgu Assets ..... 2}6,916.10
Capital Actually paid up in Cash ...... ....... $ 6,521,110.00 Surplus over C:lrital and :lll other Liabilitics. . 10,817 ,819.09 Ncr Amount 0 unp:lid LosSC$.. .. .. .. .. .. . .. )80,540.84 Total Unearned Premiums. .. .. .. . 759,858.01 Due and ro bc1::ome due for borrOlVed money.. 725.51 All ocher demands :lg:linsr the Comproy. 646,481.43
$19,126,534.88
S 19,126,534.88
THE COMMERCIAL
74
&
verting, Smelting, Treating, Preparing for market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in gold, Silver. Copper, lend, Zinc, Brass , Iron, Steel, Limestone and all kinds of ores, Metals and minerals-Nationality: Filipino-Capital Stock: Pesos 100,000.00 divided into 1,000,000 shares of the par value of Pesos 0.10 each-Subscribed Capital: Pesos 80,000Capital Paid: Pesos 57,500.00; Pesos 7,500.00 in cash; Pesos 40,000.00 repl'csenting the value of 37 Mining claims and Pesos 10,000.00 in services ren· dered-hICO'"1>Ol'utol'S: John Muller, J. V. Bagtas, Anacleto R. Tolentino, L. P. Mitchell, Gonzalo Puyat, Ramon J. Fernandez, Pacifico Ledesma, Manuel A. Alzate, Gil Puyut and Montague LOl'dDirectors: John Mullel', J. V. Bagtas, Gonzalo Puyat, L. P. Mitchell, Ramon J. Fernandez, Pacifico Ledesma and Mariano Bello-Treaslu'61',' Mrs. Ampal'o G. Tolentino, Baguio. BURAWAYAN GOLD MINING CORP. Head Office: 76 E colta, Manila-Registered: October 20, 1936- TeJ'»j: 50 years-B1Isiness: Mining, Milling, Concentr ting, Extracting, Melting, Treating, Preparing fOf ~arket, Manufact~r ing, Buying, Selling, Exchangmg, and otherWise producing and dealing in gold, Silver, Copper, Manganese lend, Zinc, Brass, Iron, Steel and all kinds of ores, Metals and minerals-Nationality : Filipino -Capital Stock,' Peses 500,000.00 divided into 50,-
INDUSTRIAL MANUAL 000,000 s hares of the par value of Pesos 0.01 each -SubBcribecl Capital: Pesos 100,000.OO-Capital Paid: Pesos 25,OOO.00-Jncol'pol'atO)·8 and Director8: Francisco Villanueva Jr., Toribio Teodoro, Lorenzo A. Di on isio, Pedro Mossesgeld Santiago, l\lauricio Guidote, Agapito Reyes, Galicano A. Dionisio, Cipriano Gabia, Nicolas Porcuna, Consolacion Javeliain, Cal'men Cecilio, Aurora Madlangbayan, Felisberta Santillan, FQ B. Padilla Tienzo and Arsenio A. Tellez. (Cipriano Gabia, Nicolas Porcuna and Arsenio A. Tellez, are incorporators only) Treasure)': Pedro Mossesgeld Santiago, 1520 Calixto Dyco, Manila. BURGOS COPPER MI NES, INC. Head Oflice: 173 Real, Intramul'os, ManilaRegistM'ed: Octobel' 13, 1936- Te1'1n: 20 yearsBltBine88: To engage in the location, Development, Exploration, Milling and/or disposal of copper, Silica, Chromite, Gold, and other minerals-Nationality: Fili pino-Capital Stock: Pesos 50,000.00 divided into 500,000 shares of the par value of P esos 0.10 each-Su b8cl'ibed Ca,pitaL Pesos 12,000.00-Cal,ital Paid .' Pesos 5,000.OO-/lIcol'pol'ato)·s and Dir ettl'Ys,' Miguel Pons, Juan Pons, Madfona Gamles, Jose Ma. Torres, Emilio Velarde and Leopoldo Rovira Jl'. (Emilio Velarde, is an incorporator only) - T l·ea-surer.' Emilio Velarde, Manila, P. 1.
BRITISH TRADERS' INSURANCE COMPANY, LTD. Balance Sheet De€embet 31st, 1936 Curreocy Used U. S. DOllars
ASSETS Cash on hand and deposited in B2nks. . .. V:llue of Real Estate Owoed. Stocks anJ Bonds Owned (carried at market "alue)... Loans on Mortgages ....... ....... ....... . . Tnterest due and accrued on nrious in,'estment$ .. , ., ............................. . Gross Premium in course of collecdon on policies written within three months .. Sundrr PChtors ..
691,174.24 706,687.45 3,844,846.42 3,349.20 43,266.66 285,564.05 120,833.01
LIABII.lTIES
Net amount of unpaid losses........ ", ... ' .. US$ Unearned premium reserve ( FIre, MarlOC and and General)........ ............ .. Cuh Dividends remaining unpaid .. Sundry Creditors ... :. . . Capital actually paid up 10 cash .................... US$
Surplus over capital and all other liabilities.. .. .. ... .
US$ 5,695,721.03
Total Liabilities ..
Manila AgmlI:
SMITH, BELL & CO., ·LTD. HANSON, ORTH & STEVENSON, lNC.
6}6.473.10 176,850.00 218,371.07
94},200.00 3,342,264.90
Surplus n regards policy holders .. Total As!ets ...
378,561.96
4,285,46·t9Q . US$ 5,695,721.03
PHILIPPINES CABARUAN CRROMITE, INC. Head Office: 3 Plaza Moraga, Manila-Nation* alily: Filipino-Business: Chromite Mine Opera* tors-Registered: December 16th, 1936--Authorized Ca,pitali'Zation: P350,000.00-Par Value: PO.10-/ s* sued alld Subscribed Capital: P70,000.00-Directors atullncOrl)orators: J. R. Federle, President; Miguel Pujalte, Vice*President; F. M. Gonzalez, Secretary* Treasurer; Francisco Oleaga, Arturo Fanlo ami Antonio Aranaz, Members. Comments of the BUl'eau of Mines: Respectfully returned to the Commissioner, Securities and Ex* change Commission, Manila, with the information that the valuation of P70,000.00 given to 2,000 tons of chromite in store house, miscellaneous buildings, 8 kilometers of mining roads, tunnels and other improvements, and mining tools and supplies, can not be recommended by this office to be accepted as cash payment of subscription of stock, before having such valuation first being verified on the premises by a competent and duly licensed mining engineer, and a report thet.eon submitted for con. sideration of this Office. The term for which said C!orporation is to exist is fifty (50) years from and after the date of incorporation. CACHO, MERCADO Y CIA. Head Office: Manila, P . I.-Registered: Oct* ober 7, 1935--Term: one year-Business: Merchants -Nationality: Filipino-Capitul : Pesos 5,000.00CIJ1'{tal contributed by each partner: J ose Ma. Ca* cho, Pesos 6,000.00; CarIos A. Barretto, Narciso Ner y Santiago Mercado, only industrial partnersManager: Jose Ma. Cacho & Santiago Mercado. CADIG*MAMBULAO MINES Head Office: 200路202 Fernandez Bldg., Manila -Registel'ecl: September 24, 1036-71"e))l)/,s: 50 years -Bllsine8s: Mining, Milling,Concentmting, Convert* ing, Smelting, Preparing for market, Manufactur* ing, Buying, Selling, Exchanging, and otherwise producing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, lI'on, Steel and Ores, Metals--Capital Stock: Pesos 10,000.00 divided into 1,000,000 shares or the par value of Pesos 0.01 each-Subscribed Capital: Pesos 2,070.00-Capitlll Paid: Pesos 517.50 Directo)'s: Simeon Capule, Policarpo Manigbas, J. D. Yager, L. D. Cross and Mariano Villegas-Trea* BUrer: Policarpo Manigbas, Manila, Philippines. CADWALLADER BROTHERS. INC. Head Office: Manila-Nationality: FilipinoBlIsin61l8: Wholesale and Retail Household Furnish_
7;
ings-Authorized Capital: Pesos 25,000.00-Paid--in. Capital: Pesos 10,400.00-Ann.ual Turnover: Pesos lOO,OOO.OO--Telegraph Address: Cadbros-Principals: W. F. Cadwallader, President, F. K. Caclwalla* der, Vice--President, Manuel Elizalde, Treasurer, J. W. Ferrier, Secretary, H. L. Mooney, DirectorAge1tcies: Iver Johnson's Arms & Cyeie Works, Bicyeies; Distributors for Simmons Company, Beds and Mattresses; B. P. Furniture Corporation, American Furniture--Bank Reference: National City Bank of New York; Philippine Trust Company.
CADWALLADER COCHRAN'S, INC. Head Office; 11 Plaza Moraga, Manila-Regis* tered: September 20th, 1937- AlItkOlizen Capital: Pesos 50,000.OU-S1Ibscriberl Capital: Pesos 10,000.00 -PaicJ...in CO.l)ifnl: Pesos 2,50Q.00.-Nationality : American-Incol'prn'aton: R. N. Cadwallader, R. H. Booth, !\Irs. E. C. Cadwallader, L. M. Vecin, B. D. Cadwallader and J. Walters. CAGAM*IS GOLD MINES, INCORPORATED Hf.ud Office: Manila-[{egistered; January 12, 1937-Tel'7lL: 50 years-Bllsi,zess: Mining-Nation* ality: Filipino-Capital Stock: Pesos 500,000.00 divided into 50,000,000 sharcs of the par value of Pesos 0.01 each-Sltbsclibed Capital: P esos 238,700.00-Ca1,itul Paid: Pesos 59,775.00-tncorporators: Ramon J. Fernandez, Tomas S. Clemente. An* tonio T. Carrascoso, Jr., Vicente Albano Pacis, Mrs. Carmen G. Angodung, Mrs. Nelly Lopez Zamora and Jose Reinoso. CAGAYAN COUNTRY CLUB, INCORPORATED Head Office: Cagayan, Misamis Oriental-Re. gistered: June 19, 1936-Tel'-m: 50 years-Business: To promote athletics, Especially golf and such other sports as the Board of Directors may determine; to strengthen the bonds of friendship and the spirit of cooperation among its members; and to foster their physical, Moral and social uplift--Nationality: Filipino-Ca.pital Stocle: Pesos 4,000.00 divided into 200 shares of the par value of Pesos 20.00 eachSubscribed Capital: Pesos 1,160.00-Capital Paid: Peso!> 870.00-hlcorporators: Felix Martinez, Dioni* sio M. Fabella ,Joaquin L. Panis, Castor Silvestre, James M. Kinloch, Richard Paradies, Sr. and Ramon O. Nolasco-Di)'ectors: Felix Martinez, Joaquin L. Panis, Castor Silvestre, Dionisio l'II. Fabella, Marian.., Abejuela, James M. Kinloch and Ricardo Para* dies, Sr.-Treasurer: Castor Silvestre, Cagayan, Mi* samis Oriental.
76
THE COMMERCIAL
&
INDUSTRIAL MANUAL
CAGAYAN DE ORO, INC. lish a weekly paper under the name Commonwealth H ead O/Nee: Cebu, Cebu-Registe-red: October -Nationality: Filipino-Capital Stock: Pesos 10,8, !935-Tel'm: 50 years-Business: Mining, Mill- 000.00 divided into 1,000 shares of the par value of ing, Concentrating, Converting, Smelting, Treating, Pesos 5.00 each-Subscribed Capital: Pesos 2,000.00 P reparing for market, Manufacturing, Buying, Sell- -Capital Paid: Pesos 500.00-Incorporators : Juan mg, Exchanging and otherwise p roducing and deal- Llodra , David Paje, Hira m Galata, Candido Valera, iug in gold, Silver, Copper, Lead, Zinc, Brass. Iron, Cecilio N. Ascaiio, Hilario D. Pulido, Julio Javier. Steel and all kinds of ores, metals and minerals- Nemesio Furagganan , P edro Laddaran and Henry Nationality: Americnn-Capital Stock: Pesos 1,500,. Becker-Directors: Juan Llodra, Candido Valera, 000.00 divided into 15,000,000 shares of the par Cecilio N. Ascaiio, Ignacio Chua Pit, Nemesio Fuvalue of Pesos 0.10 each-SuoscJ'ibed and Paid-in ragganan, Hilario Pulido, Hiram Kalata and FranCa,pital: Pesos 750,000.00 a ll in mining claims- cisco Calabiao-TreasU1"er: Candido Valera, Aparri, Cagayan. htCOI"J>01'UtOl"S alld Directors: O. E. Hart, Landis Doner , Lewis C. H udson, Jose Reyes and C. J. MarS. CAJUCUM UY HIONG & CO. tin-Treasure,.: Landis Doner, Cebu, Cebu. Head Of{1"ce: 421 Calle Nueva, Manila-RegisCAGAYAN MINING CO., I NC. te)路ec/J: September 12, 1936- Term : 10 years, beginHead Office: Manila, Philippines-Registered: ning March 1, 1936-Bu8iJ~eS8: Furnit ure Merchants September 24, 1936-Tenn: 50 years-Business: -Nationality: Filipino-Capita l: Pesos 15,000.00Mining, Milling concentr ating, Smelting, Treating, Capital contribut ed by each partner: S. Cajucum Uy Prepar ing for the ma rket, Manufacturing, Buying, Hing, P esos 6.000.00 ; Choa To, Pesos 3,000.00; Chua /Selling, Exchanging a~ otherwise producing and Choon Ru y, Pesos 3,000.00; Vy Lim, Pesos 3,000.00 dealing in gold, silver, Gopper, Lead, Zinc, Brass, -Manager: S. Cajucum Uy Hiong. Iron, Steel and all kinds of Ores, Metals and Minerals -Natio1lality: Fili pi no-Capital Stock: Pesos 50,- CA LAMBA SUGAR ESTATE 000.00 divided into 5,000 shares of t he par value of Head Office: Canlubang, Laguna, Manila, P. I. Pesos 0. 10 each-Subscr'i bed ~apital: Pesos 10,000.00 -Natiottality: Amel"ican-BlISille8s: Manufacturers -Capital Paid: Pesos 2,500.00-IncorporatoTs and an,\ Producers; Sugar, Industl"ial Alcohol, Di siccatDirectors: Conrado A. Uy, Andres R. Camasura, ed Coconut, Coconut Oil , Coconut By-productsElias Abedes, P astor Uy Francia, Cipriano Abedes, Establ1shed: 1912-P,incipals: Alfred Ehrman, Luis O. Ramit and Cristita H . Va len sy-T reasurer : Mortimer F leishhacker and Alfred Sutro, Trustees ; Ciprian o Abedes, 901 Arlegui, Manila. L. Weinzheimer, Vice-President and General Manager-Auth01'ized and Paid-in Capital: $5,000,000.00 CAGAYAN VALLEY INSTITUTE, INC. H ead Office: Aparri, Cagayan-Registered: Common Shares; $2,000,000.00 Preference SharesPal' Val11e of Sha1路e8: $20.00-Telegraph: Calsug Jul y 15, 1935-T eym: 50 yeal's-Busincss: E lemen-Ba?lk Reference: Philippine National Bank. tary, Secondary, Collegiate and Commercial and Industrial High School D epartment in the MunicipalC1'OP Dive,路si.fication ity of Aparri, Province of Cagayan, P. I.-NationalOur experiments tending toward diver;;ification ity: Filipino-Capital Stock: Pesos 49,000.00 divided of crops have been prompted to a large extent by into 490 s hares of the par value of Pesos 100.00 each the possibility of further crop restrictions leaving -Subscribed Capital : P esos 24,000.00-Capital us with surplus land areas which could not be plantPaid: Pesos 21,486.24-Director8 : Nemesio Furag-- ed to cane. Current developments indicate tbat the ganan, David Q. Paje, Leopoldo Resurreccion. Jaco- danger of further r estrictions is becoming more r ebo Alameda. Cecilio N . Ascaiio, Candido Valera. San- mote; in fact, the recently announced Philippine tiago Furagganan, Justi no Corder o, Rosario Valen- quota for 1937 represents a substan tial increase over zuela , Manuel Romillo and H iram T. Balata (Ma- the quota for 1936. Our interest in diversiIication nuel Romillo, is a director only) -TTeasure,': David of cr ops may, therefore, be solely directed toward K. P ape, Aparri, Cagayan, P. T. finding profitable crops with which to replace preCAGUI PRESS, INC. Head Office: Aparri, Cagayan-Regisured : March 13, 1935-Term: 50 years-Business : To pub-
sen t cane areas at some future date, if this course of action should become desirable or necessary. We had anticipated that we could be able to produce
PHILIPPINES derris root in our coconut pI'oj ect on an extensive scalc. It now seems that this plan will have to be abandoned owing to the similarity of the derris roots to those of coconut trees, making the work of harvesting the derris roots a tedious and expensive process. The demand for motor fuel alcohol is still in excess of the possible production from molasses. Recent legislation has increased the specific tax: on gasoline by 25 per cent, effective January I , 1937, whit'h a~surcs us of a continued market for our al~ cohol during t he coming year. It having been de路 finitely determined that the usc of pure yeast culture in the distill ing process wiII increase the possible r ecovery of alcohol by not less t han 10 percent, apparatus for fo rming such cultures has been ordered from the United States. The value of the increased production dUI'ing one season will more than repay the tntire cost of such apparatus. Defticcated Coconut Fa ctory The operation of ou' desiccated factory has been continuous throughou the year. In addition to providing u s with an assured profitable means of marketing our coconuts at all times, it has pro-
77
vided employment for member s of the families of our seasonal labor which has been extremely helpful to these famili es during the long off-season of approximately eight months out of the year. The by-products, consisting of coconut oi l and copra (expeller) cake, have found ready markets at favorable prices. We pr opose engaging in the manufacture of laundry soap as an additional byproduct, but this activity is sti ll in the experimental stage. Cocomtt Project Due to unfavorab le weather conditions, the 1936-37 han'est fell short of our estimate by about 6 per cent. At the present writing the fo rmation of new blossoms is up to normal. \Vith average weat her conditions, the H137-38 harvest should amou nt to approximately 8,500,000 as aga inst 7,607,050 for the ,year just ended. The area pla nted with cover crops has been increased and will be widened still further during t he coming year. Strict quarantine measures have been maintained against pests and diseases of all kinds, losses from these causes being held at a low level.
CALAMBA SUGAR ESTATE Balance Sheet as of September 30, 1906 ASSETS (Continued) ASSETS Current: Cash; On Dc:posit: San Francisco ....... $ 605,312.52 Mani la, P. I.. lO2,992.27 On Hand : Canlubang, P. 1....... 33,147.72 Manila, P. 1.. 2,704.34 - - - - $ 944,156.85 Certificates of DCp?sit: The Anglo-Cahforfornia National Bank of San Francisco. . . $ 700,000.00 Hong Kong and Shanghai Bank, Manila, P. 1.. .. 125,000.00 Philippinc National Bank. Manila, P. L.. 162.~.00 987,~.00
Notes Rexcivable . Accounts Rexdvablc; Advances to Plantcrs ............ $ 125,417.13
381,100.00
Advanccs to Aparccros... Aparcero An imal Conrracts .. Pam?,anga Sugar Mills .... Miscellaneous.. Accrued Intcrcst ..
99,552.80 l1.675路JO 45,932.83 441,652.54 11,927.00 $ 736,217.60
Less Rcserve for Doubtful Accounrs. .
109,421.68 626,795.92
Inventories: Sugar on Hand ... $ 8,176.62 Desiccatcd Coconut 132,153.60 Materials and Supplies, Etc... 57,924.47 $ 198,254.69
Lc:ss Reservc for Los~s.. . .
6.346.70 191,907.99
Merchandise in Transit.. . Dc:posic, Domestic
88,171.37
TH E COMMERCIAL
78
&
INDUSTRIAL MANUAL
CALAMBA SUGAR ESTATE (Con li nued) Sugar
Admm lstra
LIA BILITIES
18,(0).00
tiOtl .•.
18,000.00
tlon .. ";,. "'
Total Current Assets. . Investments:
Pamp:l.ng:l.
- - - -$),237,6}2.1)
Sugar
M Ills: 15 ,000 Shares Common Swck, Par Value $10.000 Per S 100,00,).00
Shut . Miscdlancouxs .. Other Accounts Recei vable: Miscel laneous Accounts Receivable .. $ 26,137.97 Less Reser ve for 12,llS.96 Losses...
8~.OO
100,850.00
Current : ACCOunts Payable .... Salaries and Wages Parable . Due to Planters .. Chapa and Labor Contract Deposiu .. Income Tax Payable, Philippine Islands .. Due to Officers and Employees .. Due to Calamba Sugar Estate Retirement Fund ..
$ ]1 ,077.69 4,058.90 65,505.72 757. 50 28.230.3) 33,882.07 9,602.74
- - - - $ 17],114.95 Dividend Payable Oc tober 1, 1936 ..
519,747.70
14,018.01
Ad\'anccs to Planters. S l},86) .25 Less Reserve Losses..
Toul Current Liabilities .. Calamba Sugar Estate Retirement Fund Capital (See Contra). Deferred Credits . for ContinResc rve gencies ..
for , 13,86}.25
:\.Long Term Loans to Pla nters... . . .. . . S 128;y3Y55 P:l.C[OS de Retro. 43,490.33
$ 172,225\88 Less
Re serve
for
Losses..
152,57).01 15,970.85 182,561.87 Land, Buildings and EquiprncfU: Land and Improve -
ments. . $1 ,658,852.6) Buildings and Equipment .. . ... $4,98] ,]76.78 u:ss Resen'e for Depredation . . 2,8S6,616.0] 2,126,760.7,) Conuruction in Pro740.95 gress .. 3,786,354.3] C;l.lamba Sugu Estate Retirement Fu nd (See Contra). Deferred Chuges: Future Yuu' Oper;l.t ions. . O rganiudon Expense Unexpired Insur ance Premiums . . Prepaid E).:penses. Miscel laneous Sus pense.
96,534.50 19,947.46 150,000.00 C APITAL
, 19,651.8'(
Advances [0 Officers and Em ployees ..
$ 692,862.75
96,534·50 $ 48,318.85 ]8,017.]4
Preferred Shares 7 Per Cent Cumula tive Authorized 100,000 ~hares, Par Value $20.00 Pe r Share ... $2,000,000.00 Less T reuufr Shares, 4),578 . 871,560.00 OutSland ing,56,422 Shares.. . $1,128,440.00 Common Shares: Authorized and Outstanding, 250,000 Shares, Par Value $20.00 Per Share.. 5,000,000.00 ----:$6,128,440.00 Surplus, September 30. 1936 ... . .......... . . S 851,585.95 u:ss Dh' idend Payable October 1, 519,747.70 19)6. 331,838.25 6,460,278.25
1l,57]. 56 4,315.]9
$7,519,622.86
~
All asse15 and liabilities carried on the books at the planta t ion in pesos have been converted into dollus at the rate of twO pesos for each dollar.
This sta tement is att ached to and made a part of the report of Cerf & Cooper, dated J all\~ar ~ .]0, 1937, wi t b par ti cular reference to commen t on t ax liablli t )·.
1],454.89 11 5,690.03
$7 ,519,622.86
PHILIPPINES F. CALERO & COMPANY H ead Office: El Hagar Filipino Bldg., Manila-Registered: March 11, 1935-Teml: 20 years-Busincss: General Brokerage-Nationality: Filipino-ClLpitaf: Pesos 4,OOO.00-Capital contributed by each partner: Federico Calero, Pesos 3,766.41; Antonio Calero, Pesos 233.59-il'la1Iagel·: Federico CuIero. CAM MEN AND COMPANY Head Office: 54 Soler, Manila-Registered: August 24, 1936-Ten7t: Three years, from January I , 193G-Busines8: General Merchandise-Nationality: Chincse-Capital contributed by each. partner: Cam Men, Pesos 3,000.00, Yee On, Pesos 3,000.00Ma1/ager: Cam Men. J. CAMAHORT, INCORPORATED Head Office: 189 Juan Luna St., Manila-Registered: September 25, 1935-Temt: 50 yearsBl/sine88: General Brokerage and Commission Business, Buying, Selling and Dealing in of stocks, Bonds, Shares, Securities and commodities on commission-Nationality: Filipino-Directors: Jesus Camahort, Valentina Y. Vda. de Camahort, Ubalda Yrigoras, D. B. David and An nio Gomez.
79
CAMAHORT Y JIMENEZ Head Office: Manila-Regilltered: July 13, 1936 -Term,: From July 15, 1936 to December 31, 1936Businellll: Brokerage, Commission and ExchangeNat'ionality: Filipino-CapUal: Pesos 100,000.00Capital contribllted by each partner: Jesus Camahort, Pesos 50,000; Ignacio Jimenez, Pesos 50,000. CAMERA SUPPLY CO",lPANY Head Office: 138 Escolta, Manila -Nationality : Filipino-BllllinclIs: Photo Goods; Rolleiflex Cameras; Hugo Mcyel' Lenses- Established: 1907-Principal: J. L. de la Fuente-Authoriud and Paid-in Ca11ital: Pesos 84,OOO.00-Pa)· Value of ShUTes: Pesos 100.00-Annu al Tuntover: Pesos 250,000.00Te leg)·apl.t : Charts-Ban'~ Refc)'cnce: Philippine National Flnillt. CAMILO OSIAS AND COMPANY, INC. Head Office: 51 E scolta, l\'lanila-Registered: November 5, 1935-Term: 50 years-Business: Promoters, Agents, Trustees, Receivers, Liquidators, Managers, Attorneys OT referees or in any other capacity of trust and confidence in respect to the estabils~ment and promotion of corpolations or as· soclatlO s-Nattonal1tY
4
Fillpino- Capllal
CALAMBA- S -U-G-AR ESTATE
Stocf~
I
MANUFACTURERS </7 PRODUCERS
Raw Sugar • Industrial Alcohol • Desiccated Coconut Coconut Oil • Coconut By-Products Canlubang, Laguna, P. 1. Soriano Building, 6th Floor P. O. Box .)81, Manila • Cabl, Address: Calsug Sail Francisco Office: 2 Pine Street Factories: Manila Office:
PAMPANGA SUGAR MILLS MANUFACTURERS OF RAW SUGAR AND DlSTILLED ALCOHOL
80
THE COMMERCIAL & INDUSTRIAL MANUAL
250 shares without pur value-Subscl'ibed Capital: 200 shares without Pill' vulue-Capital Paid: Pesos 5,OOO.OO-incorpo1'ttto)'S and Direct01's: CamBo Dsias, Jose A. de Jesus, Antonio Aquino, A. M. Lorenzana and Alfred Cobb--Treasurer: A. M. Lorenzana, Manila. CAMP FOUR CONSOLIDATED MINING CO. Head 0111'ce: National City Bank Bldg., Manila -Registered: November 11, 1935-7'enn: 50 years -Business: Mining, Placer mining, Milling, Concen路 trating, Converting, Smelting, Treating, Preparing for market, Manufacturing, Buying, Seiling, Exchanging, and otherwise producing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Limestone, and all kinds of ores, Metals and minerals -Nationalit.y: American-Ca,1ital Stock; Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each-Subscribed Capital: Pesos 207,346.80-Ca'Pital Paid: Pesos 146,746.80Din;lctol'S: M. M. Saleeby, Claude Russell, A. D. Williams, C. A. Dewitt, William Zeitlin-Execut'i ve Officers: M. M. Saleeby, Pl'esident & Treasurer; MariallO Conde, Secl'et..1.ry. F. T. CAMPOS Head Office: lloilo, 110110, P. I.-B1!8iness: Merchant. CANADIAN PACIFIC RAILWAR COMPANY Head Office: Montreal, Canada-Ma,nila, Office: 14-16 David- Bmnches: Throughout the World-Nationality: Canadian-B1Isiness: Tnrnsportation-Established: 1878--Private Company Incorporated in Canada-Teleg ,路aph: "Canpacline" and "Gacanpac"-Age1lts fOJ': Canadian Pacific Steamship, Ltd.; Canadian Pacific Express Co.Geo. N. Shaw, General Agent .in Manila. CANSON INVESTMENT CORPORATION
Head Office: Manila-AttthOI'ized Capital: Pe路 sos 1,000,000.00, Divided into 40,000,000 shares of a par value of two and a half centavos each-Surplus: Pesos 2,400,000.00 Obtained from Proceeds of sale of 32,000,000 shares sold at ten cent.1.vos eachDb'ectors: John Canson, President; Ciriaco Cinco. Secrctary; Bradley Fairchild, Treasurer; R. E. Holmes, Asst. Sec.-Treas.; Tomas Morato, Director -Ba,zk Re/el'ence: Hongkong & Shanghai Banking Corporation. This Company was organized on November 11, 1936, to take advantage of the many possibilities for the development of natural resources. both in the Philippines and in adjncent countries in the Orient,
which have been presented in the pnst to individual memburs amongst this Company's organizers. ORICIN OF THE CANSON INVESTMENT OoRPORATION
This corporation was in prospect over a year ago, but as the organizers did not feel satisfied that they could ask the public to invest in projects that have been in hand, until not only the projects themselves had been brought to a reasonably certain point of development, but until an efficient and capable organization had been built up and financed. GENERAL MANAGEMENT Co., INC. Such an organization was formed last year and named the General Management Co., Inc. This company as an authorized capital of Pesos 200,000.00, the stock of which is held exclusively amongst the company's organizer s and employees. The company has on its payroll competent and efficient engineers that it has engaged both here and in the States. A 'deseription of these mcn will be found below, while a description of each of the projects at present in the hands of the General Management Co., Inc. will follow in subsequent bulletins. This bulletin will be devoted entirely to a description of the profits with security that are possible thru the operation of the Canson Investment Corporation, as affiliated with the General Management Co., of the activities of both these companies, and of a description of the men who compose the staff of 'the General Management Co., Inc. AFFILIATION WITH THE GENERAL MANAGEI\1:ENT
Co., INC. An offer to sell half the authorized stock of the General Management Co., Inc. to the Canson Investment Corporation at par was placcd in the hands of the Board of Directors of the Canson Investment Corporation, which has accepted the offer. A condition of this offcr is that the General Management Co., Inc. shall be bound to submit all business of financing to the Canson Investment Corporation !.Iter their engineers and tecbnicians have reported" on the respective propertics. All projects at present in the hands of the General Managcment Co., Inc. are to be included in this provision. The Canson Investment Corporation, on the other hand, is to turn over to the General Management Co., Inc. for examination, testing and operating, all prospects that may come to it. OPERATION OF CANSON INVESTMENT CORPORATION DEVELOPI\IENT OF GOLD AND OTHER MINING
Through such nn arrangement, the Canson Investment Corporation will always be ~!!!lUred of onlr
PHlLIPPINES
81
tested project.'i being placed befor e it for considerat ion, as the General Management Co., Inc. will act
an incorporator only)-Treas!trer: Mariano Villegas, Manila, Philippines.
as a sieve to stl'3 in worthless pr operties out of all incoming business. The details of financing, wherein
CA PITAL INVESTMENT COMPANY Head Office: Rooms Bw15 B-16 Paterno Bldg., M anila~RegisteTed: January 18, 1937-Registered: J anuary 18, 1937-Tenlt: 50 years-Business: Investment-Nationalit,y : FilipinO-Capital Stock: Pesos 0.01 each-Subscribed Capital: P esos 40,000.00 -Capital P aid: P esos 20,150.00- /ncorporators: Enrique Lopez, Miguel Bona, Alfredo Chicote, l\Ianuel Escudero, Sebastian P alanca, Fausto C. Raymundo, Rodolfo Ton'ella, Basilia D. Viuda de Herrera and Cayetano Ba rahona.
lie t he biggest profits in mining, if the technical end has been property seen to, have been perfected by members of the Board of Directors and have been a pproved by competent auditors and attorneys. A description of the various projects concerned, as they arc discussed ill subsequent bulleti ns, will readily show the possibility of profit that investment in thiS type of business can bring the corporation. INVESTMENT IN GOLD M I NING STOCKS
Financing of properties will be onE' phase of the corporation's profitable activities, to which a third of its resources will be devoted. But the larger part of its capital, amounting to some two-thirds of its resources, will be used as an investment fund. The method in which this i vestment fund wiII be handled, to resul t in sizable pl'ofits, should be of interest to those of the corporatio~s stockholders who either have no facilities for testing" the validity of the different stocks being traded in currently on the l\'lanila Stock Exchanges, or who live in the provinces ('>1' abroad and wish to part icipate in newly developed mines that will, undoubtedly, in 't he ncar future show great increases in value. G. J\[. CANS IPIT, INC. Head Office: 51 Escolta, Manila-Natiollality: Filipino-Ells-ine8s: Customs Broers-Established-: September 10th., 1937-Ca.pi,t al Stock: P esos 20,000.00 divided into 200 shares of the par value of Pesos 100.00 each-Sllbsc/'ibed Ca.pital: Pesos 20,000.00; Ca81t: P esos 9,844,00; Property: Pesos 10,156.00hl corporators: Anselmo Claudio, Nieves Dionisio, Juan It Mariano, Juan Dionisio, Jose Arnedo, CA PALO NGA-MAM BULAO MINES, I NC. Head Office: 200 F ernandez Bltlg., ManilaTerm: 50 years-Business: Mining, Milling, Concentrating, ConVerting, Smelting, Treating, Preparing fo r market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in gold , Silver, Copper, Lead, Zinc, Brass, Iro n, Steel and all ldnds of orcs , Metals-Nationality: Filipino -Capital Stock: Pesos 1,000.00 divided into 100,000 sha res of the par value of P esos 0.01 each-Su bsoribed Ca,pitaL: Pesos 1,000.00-Capital Pa'id: P esos 700.00-Inoorpomtor8 and Directol路s: Amado Garcia, Mariano Villegas, Policarpo Manigbas, Marieta R oxas, S. Capule Cruz, J. D . Yager, L. D. Cross and Lucilo Fernandez Lavadia (Policarpo Manigbas, is
CAPITOL SUB-DIVISION I NCO RPOR ATED Head Office: Bacolod, Occidental Negros-RegisteTed: November 1, 1935-Term: 50 years-Business: Real E state-Nationality : FilipinO-Ca.pital Stock: P esos 400,000.00 divided into 40,000 shares of the par value of Pesos 10.00 each-8ubscl"ibed Capital: P esos 80,000.00-Capital Paid: P esos 32,000.00 - Inc01'po1'ators and Directors: Alfredo Montelibano, Olimpio de la Rama, Luis D. T ongoy, Ciro Locsin and Car\os Benares -TTeasuTer: Alfredo l\Iontelibano, Murcia, Occidental Negros. T HE CAPITOL TRADING COMPANY H ead Office: A. Bonifacio Street, Sta. Ana, Davao, Philippines-Nationality: Filipino-Business: Wholesale and Retail Building Materials; Lumber, H ardware, Cement; Furni tu r e; Rizal Beds _Es tablished: May 1st, 1936-Principals: Francisco Kho, Managel' and Aiipio Baranda, PartnerTeleuraph Add/'ells: Capitol. CARAl\WAN MI NERAL FIELDS, INC. Head Office: Samanillo Building, ManilaB路l!siness: Mine Operators- Altthorized Capital: P esos 500,000.00 of par value of Pesos 0.01 eal'hSubscribed Capital: P esos 100,000.OO-Puid-in Capital: Pesos 25,000.00-P ermit Granted to sell 10,000 s hares~D i1路ecto)路s and Incorporato/'s : Manuel V. Gallego, Ramon Ongsiako, Leopoldo Brias. Manuel Rojas, Members; Rev. Raimundo Salinas, President; J oaquin D. Mencarini, Vice-Pl'esident; Ramon de Amusategui, Treasurer. Comments of the Bureau of l\I ines: "From the report of E. S. Geory on the pr oper ty of the Caramoan Mineral Fields, Inc., consisting of Pili Group of 62 claims, Guijalo Group of 31 claims and the Caramoan Group of 26 claims located in the Caramoan Peninsula, Camarines SUr, it appears that the 2" to 2L" vein outcrop found in the Pili Group has not been opened, but samples
82
THE COMMERCIAL
&
obtained from the OUWI'OpS a ssays from 20/0 to 15 o/c> copper. On the basis of their present workings ore possibility of this property cannot yet be as路 certained. The Manganese found in the Guijalo Group occurs in small lenses and shows 18 % manganese which is not commercial grade. The small quantity of residual manganese found in the Caramoan Group which shows 390/0 manganese from a g rab sample should be abandoned as recommended by the reporting engineer. The iron deposit fround in the same gl'OUp of claims assays 480/0, which is not commercial grade. No sufficient work has been done to show the !)resence of commercial ore. Manganese assaying from 4010 to 45% was found in the Adiagnao Group of 30 claims located nOI路th of Adiagnao Oll the Lagonoy Gulf. However, no information is gi en in the report regarding the ore possibility. It is stated in the report that ehromite and manganese ores occur in Malapatan-Sibagat Group but so far no information is given in the report as to the extent and quality of ~he ores. In view of the above fac and other information given in the report, this :fice cann.ot recommend any value to sa id proper es at their present stage of development altho their further p~'ospect颅 ing will not be objected to. Before accepting the above claims as assets of the Caramoan Mineral Fields, Inc., or basis for promotion, it is recommended that the owners of :he claims be requircd to present documents on which their titles on the claims arc based, the survey plan of the claims, and affidavits to the effect that the same arc from conflicts and arc not within any goverment reserve, and that the herein corporation wil not hold more than 45 hectares (50 full lode claims) in anyone province, or not more than 250 claims in all the provinces in the Philippines, and als;o that at least 60 % of the capital of the herein corporation is owned and shall at all times be owned b\. the citizens of the Philippines or of the United S'lales. I t should be understood that the herein corporation by the purchase of sa id claims, shall not hold more than one claim in the same vein or lode as provided by Sect-ion 33 of the Act of Congress of 1902, or not more t han three claims on the same vein or placer ground as provided by Section 37 of the new Mining Act in case it should decided that the said claims shall be leased under
INDUSTRIAL MANUAL the provisions of the new Mining Law (CommonAct No. 137). CAPSAY MINING COMPANY Development work as of October 6th., 1937 has disclosed four O\'e zones: 1. The Old Lady vein 2. Water West 3. Nabob 4. Ajax. Old /,ariy: This vein, the most extensively explored, has disclosed considerable tonnage of mill ing grade ore. Explo"ntion now ill prop:ress on the 500 level is just entt'I'ing the area of the ore zone. Should this level prove to be of the same grade as the 400, every expectation of continuation in depth wnuld be justified. Water We8t: Though only slightly explored, this vein appeRl"~ to he a share zone sufficiently well mineralized to eventually supply considerable milling ore. Development work is being pushed. Nnbnb: Nabob appears to comprise three veins -A, H, and C. Vein A, avel'Rging about 7 feet wide and $8.00 per t on, strikes cast and west. To date it has been explored for a distance of 140 feet in the west portion and a distance of 40 feet in the east portion, with an intervening area of 220 feet. Fl'om the fact that all headings are now in ore and from geolo&,ical data, it appeal'S that the intervening 220 feet will prove to be ore, giving a total length of 400 feet, plus extensions of the east and west faces, both now in ore. Vein B intersects Vein A at an acute angle from the south and has been explored for 40 feet with the face still showing good ore. Exploration work is being continued. Vei11 C: About 200 feet southeast and parallel to Vein B occu r s a series of outcrops, givi ng high surface values. Exploration to date has not reached this probable structure, but work to that objective is now being pushed. Ajaz: The Ajax vein is the most recent one to be explored. It likewise stl'ikes about east-west, with an average width of about six feet. The values average about $20 per ton, ,vith many areas going considerably higher due to local concentration of free gold. To date two zones along the vein on the same level have been explored: (1) An area of 50 feet, certain to produce ore, making an almost proved ore zone of 140 feet, with probable extensions in both directions. Future Developments-The exploration of all we~lth
PHILIPPINES vems on the present levels is being done. The Ajax Yein, being the hardel' and having less backs, is to be explored in depth with machinery now being shipped to the property. Geolouy-A granodiorite intrusive comprises the area. No conditions have been noted to date that would indicate the orc deposits will not continue to considerable depth. In fact, the persistence of the veins alollg their stl'ike, the strength of the mineralization, and R deep geologic horizon argue for a continllution in depth. Pre86tlt StatltR-Ti date approximately P180,000 has heen spent on road, buildings fOl' office, staff, etc., barrio, and exploration work. The property hns now reached the stage of early production Developments, Inc. MARK E. HUBBARD, Consulting Engineer P. F. BOSWELL, Engineel" CAPSA Y MINING CO PANY (BOCK GROUP) This property has been developed by Mr. B. H. Bt;rkenkotter and his asso'etates under the name of the Capsay Mining Compan~ fOI' the last two ,years, and approximately 1'1 80,000 \vas invested by them during this per!od. A complete.and self-explanatory report written by Mr. M. E. Hubbard, our consulting engineer, and Mr. Paul F. Boswell, mining engineer of Developments, Inc., is attached hereto. Adequate machinery has been shipped to the propcrty and development work is being carried out on a 3 shift basis which will greatly expedite the wO"k of blooking out and developing additional ore. The claims orc OIJerated by' us on a basis of an equal division of profits after repayment to us of OUI' investment. Unless circumstances or conditions allise which at the moment are enti rcly beyond the ken of our tcchnicnl advisers, we expect to make a definite deei!':ion ret:'arding the mill installation within the next ninety days. We are most optimistic fOI' the future
1887-FIFTY
YEARS
OF
THE LEADING LITHOGRAPH
&
83
of this mine, and everything points to its becoming an unusually profi table venture. CAPSA Y MINING COMPANY (TINANDOAN GROUP) This group is also owned by Mr. Berkenkotter amI his associates. Your Company holds a ver;y favorable operating contract on the property and is now developing and exploring certain interesting zones which have given SUrprisingly good indications of the existence of ore of commercial grade and quanti tie!;. A geophysical survey has been made and it is anticipated that the information thus obtained will enable us to better direct our exploration work. CAPIZ COPPER MINES I NC. Head O/Nee: Iloilo, I1oilO-RegisteJ'ed: April 27, 193G-Term: 50 yearS- li118iness: Acquire mineral claims anywhere in the Commonwealth of the Philippines-Nationality: FilipinG-Capital Stock: Pesos 300,000.00 divided into 3,000,000 of shares of the par value of Pesos 0.10 each-SILbscribed Capital: Pesos GO,OOO.OO-Capital Paid: Pesos 15,001.00Mining Claims: Pesos 45,000.00; Ca8h: Pesos 15,OOl.00-lncoI路1)Orators and Directors: Emilio MontiIla, Catalina Domingo, Generosa Domingo, Jesus Domingo, Marina Montilla, Aurora Montilla, Rosario Montilla, Magdaleno Pen a, Enrique Esteban, Gil Montilla, Jr., Timoteo Consing, Wenceslao Indencia, Castor Mula and Anselmo Mejicano, Generosa Do路 mingo, Jesus Domingo, Marina Montilla, Rosario Montilla, Gil Montilla, Jr., Castor Mula and Anselmo Mejicano, are incorporators only)-T)'easurer: Enrique Esteban, La Castellana, Negros Occ. CARAMOAN MINERAL FIELDS, INC. Head Of/ice: Room 502 Sumanillo Bldg., Manila -Registered : October 6, 1936-Tem~: 50 yearsBusiness: To search for, prospect and explore ores and minerals, and to locate mining claims, placer grounds or lodes within the Philippine Islands and
CONTINUOUS
SERVICE-1937
PRINTING HOUSE IN THE PHILIPPINES
CARMELO
& BAUERMANN, INC. Lithographers - Printers - Box Makers
Cable Address: "CARBA, " Manila Codes: Bentley's ABC 5th Edition Phones: 2-33路31 & 2路33-21
2057 Azcarraga, Box 665 Manila, Philippines
THE COMMERCIAL
84
&
record the snme pursuant to the mining laws; to bore. drill, prospect, and mine for gold, silver. copper, platinum, lead, zinc, and all kinds of ores, metals and minerals-Nationality: Filipino-Capital Stock: P esos 500,000.00 divided into 50.000,000 shares of the par value of Pesos 0.01 each-Subscribed Ca.pital: Pesos lOO,OOO.OO-Capital Paid: Pesos 25,MO.OO-Incorporators (J.?Id Directors: Ramon J. Ongsiako, Manuel V. Gallego, Rev. Raimundo Salinas, Leopoldo Brins, Joaquin D , Mencarini, Ramon de Amusategui and Manuel S. Rojas-T'l"easurer: Ramon de. Amusategui, 540 1\1:. H. del Pilar, Manila.
CARMELO & BAUERMANN, INC. Head Office: 2057 Azcarraga, Manila-Nationality: Filipino-Business: Lithographing, Printing, Box Making, Bookbinding, Electrotyping-Establish. ed: 1887-Principals: S. J. Wilson, President, R. C. Ordoveza, Vice.Presi,dent, Alfredo Carmelo, Secre· tary.Treasurer, G. O~to, Member, Jorge Pineda, :Member-Authorized Capital: Pesos 600,000.00Paid-.in Capital: Pesos 520,000.00-Par Value of Shares: Pesos 500.00-Te£auraph Address: CarbaCodes: Bentleysj A.B.C. 5th. Edition-Bank Refer. ence: National Ciyt Bank of ew Yorkj Bank of the
INDUSTRIAL MANUAL Philippine Islands; Peoples Bank & Trust Company; Philippine Trust Company. PEDRO S. CARRIEDO Head Office: DavaD-Nationality: FilipinDBusiness: GeneralMerchant and Proprietor of Cine· ma-Established: Many Years-Telegraph: "Carriedo"-Bank Refe,·ence: Philippine National Bank. JOSE CASTRO & COM PANY One of the few successful ventures predicated on developing the mining industry of the Philippines is the Jose Castro & Company, which embraces such activities as promotion work, field investigation, 10· cation and patent surveys. It has the distinction of having earned the con· fidence of both foreign and local capitalists. In its staff arc competent licensed mining engineers and mineral land surveyors at the disposal of mining firms and individual claim owners. This company guarantees protection of the title and right of individuals and corporate mineral claims. Its office includes a department to take charge of the applications for lease of all claims 10' cated under the mining law, which will include the survey of claims and other pertinent papers until
Claveria street P. O. Box 76
Telephone and Cable Address "Cardedo··
PEDRO S. CARRJEDO General Mercbant & Proprietor Davao, Davao, P. I.
Whichever
JOft
need:
CHEVROLET Cus & Trucks (Sales & Service)
BUI CK cars Complece line of GENUINE CHEVROLEll Spare Parts
GENERAL TIRES and Tubes
A C KLAXONS HORNS
G. M. C. Trucks
&
CHAMPION
General Merchandise Spuk Plugs
EXIDE BA TIERIES
SHELL SERVICE STATION Prompt Service Anytime Pirearms
Ammunition & Accessories &
Hardware &
Petromu Lamps and Spare Puts
Ocher Commodities
I
Deal with
liS
first ana aI/ail YOllrulf with our New and Best QII(llity Stocks, of the most reasonable terms in fow'l .
---------------------~
PHILIPPINES
85
JOSE CASTRO & CO. MINING
• Promotion • Field
Investigation • Location • & Patent Surveys We have competent licensed Mining Engineers and Mineral Land Surveyors at the disposal of Mining Firms and individual claim owners. For the protection of the Title and Right on your Mineral Claims give us a chance ro examine your papers and declarations of location and we shall submir ro you an exhaustive and complete report. Manila Office:
Bag uio Branch Office:
402-404 Philnabank Bldg. Tel,. 2-20-67 & 2-31-19 P. O . Box 490, Manila
No.1 Session Road Tel. 580
THE COMMERCIAL
;$6
&
INDUSTRIAL MANUAL
The Important Thing To Ask About A Horne Is:
WHAT IS IT BUILT OF?
• .• .•
•
When a home is being planned- it must be planned to endure. Hence, becomes an investment-in rime, in labor and in money. And like all other investments, it must be a sound one. The use of cement in home building is recognized everywhere as the most sound way that will make any home "stand firm and forever"- economical to the extreme because your first cost will be your last J Building with cement may Cost a little bit more-but all good thingJ cost more, for they give you returns that are satisfying, lasting ... !
"BEST BY TEST"
BUILD WITH
CEBU POR TLAND CEMENT CO . MANILA
PHILIPPINES
87
The staff of Jose Castro & Co. is compos_ the final approval of the lease. The progress of this compa ny can be attributed ed of Ex-Governor Jose Castro, president and Gento the efficiency and ability of its head, Ex-Gov- eral Manager; several mineral engineers, surveyor s, ernor Jose Castro, a man known fOl' his well develop- draftsmen, computers, accountants, and stenogl'3phed business acumen and fair dealings. He is an ers, with two lawyers making up its legal departefficient administrator and prominent mineral land ment. surveyor. He is the President of the Private Sur- CEBU CENTRA L PARK HOTEL COMPANY veyors' Association of the Philippines. He had, for Head Office; Cebu, Cebu--NatiolWlity; Amermany years, served as surveyor udner the governican-Regi8tered; October 18th, Hl37-A uthorized ment. Capital; Pesos 200,OOO.00-S11b8cl'ibed Ca,pital : After I'csigning from that position . he engaged Pesos 40,000.00-Paid-in Calli tal : Pesos 30,400.00in mining where he attracted the ir.tcl'cst of the l11corpol'a,to1'8: James J. Rafferty, Mariano Palileo, mining public for the meteoric nnd unprecedented Justo Conde. progres of the firm which beal's his name. It was not long when foreign capitalists were competing CEBU GYPSUM AND GOLD MINE CO., IN C. Head Office: Cebu, Cebu, P. I. - Reg i8tered: for the privilege of being accommodated ill the Jose April 23, 1935-Tel'm: SO years-Bu8iness: Min_ Castro & Co. ing, 1I.IiIling Concentrating, Converting, Smelting, Enhanced by the addition of able and expeTreating, Preparing for market, Manufacturing, rienced men, JOSE GASTRO & CO. brought :into Buying, Selling, Exchanging, and otnerwisc prothe new mining limelignt new and progressive minducing and dealing in calcium sulphate, gold, silver, ing companies. The mining companies that have been copper, lead, zinc, brass, iron, steel, coal and all promoted by this firm arc the i\lAGUINTO MINkinds of ores, metals and mineral-Na,ti07lality: FiliING CO., INC. of which Mr. Castl'o is the Gen. pinO-Ca11itai Stoel.:: Pesos 120,000.00 divided into Manager, Sta. Barbara Mining Co., Inc., Tuba Ex12,000 sharcs of the pal' value of Pesos 10.00 eachploration Mining Co., T. P. C. Promotion and InSubscnibed Capital: P esos 24,OOO.00-Capital Paie/; vestment Corporation and the Labo Gold Mining Co. Pesos 6,OOO.OO-Di'路CCtOl's: Marcial Bonomeo, NarciThe properties of these companies are located in the proven rich mining regions of the country, so S. Tujan, Prudencio Il'iarte, Victorino Reynes, Ramon Trial路te, Agl'ipino D. Perez, Vicente A. Racaza, Baguio and Paracale. Luis Irial'te and Vitaliano S. Tujan-TreaSlt1'er: The other mining associations organizea are Victorino Reynes, Cebu, Cebu, P. r. the Sta. Julia Mining Association, Tigbi Lode Mining Association, Central Suyoc Mining Venture, Ro- CEBU PORTLAND CEMENT COMPA NY H ead O//1'ee: Cr. Azcarl'aga & Evangelista, Masario Gold Mines, Beal'lica Mining Venture, Bohol Gold Venture, Hocos Mining Venture, Manila Gold nila-B?'allches: Naga and Cebu, P. I.-Nationality: Mining Association, Binonaca Copper Mining As- FilipinO-Blt siness: Cement Manufacturers_Estab_ sociation, Tres Reyes Gold Mines and Mining Claims lished: 1922- Principals: Hon. Eulogio Rodriguez, President; Gregorio Anonas, General Manager; PaSyndicate. Those that are in the process of incorporation ciano Dizon, A. D. Williams, Gervasio Diaz, Manuel are the Bricas Gold Mining Co., Central Suyoc Min- L. Roxas- Authol'ized Capital: Pesos 5,000,000.00ing Co., !locos Mining Co., and Mining Rights and Paid-in Capital: 2,7S0,800.00-PaT Value of Shares: Pesos 100.00-A1U/ttal Tlu'llovel': 400,000 Barl'elsSurveys. The companies handled by this firm as Techni- Resel-ve: Pesos 1,800,000.00-Telegraph Addre8,,: cal Adviser are Big Wedge Mining Co., Mabuhay Cepoc-Ba1!k RefeJ'enee: Philippine National Bank; Mining Co., United Gold Mining Association, Na- Bank of the Philippine Islands; H ongkong & Shangyale Mining Co., Twin Rivers Mining Co., Ben- hai Banking Corporation; Chartered Bank of India , guet Exploration Mining Co., ParBcale Gumaus Con- Australia & China; Philippine Tru st Company_ solidated Mining Co., Paracale Mindanao Mining Co., The growth of the Cebu Portland Ccment ComNorth Canmrines Gold Mining Co., Tres Reyes Gold pany is an epic in Philippine industrial development. Mines, Maguinto Mining Co., Labo Gold Mining Co., Founded in 1921 against opposition of skeptics and Inc., Sta. Barbara Mining Co., and Capsay Mining jealous firms, it has more than justified the expectaCo., and many other companies. tion of the government and the public. Since it.<;
88
THE COMMERCIAL & INDUSTRIAL MANUAL
foundatiton, it hus constantly lowered the cost of cement. Previous to 1923 when the company started making cement, the cost PCl" barrel of cement at government order was P14.00 in 1918; P9.36 in 1919 and PI S.GO in 1920 when the price began soaring again. After the company commenced its operations, dumping was resorted to for the purpose of floundering it, but it succeeded in forging ahead. Th~ years 1923, 1924 and 1925 reported great losses to the company. But in 1926, the company not only checked its loss but found itself with a profit of over a hundred thousand pesos. Efficiency, good management and better experience had given the firm a break. Don Alberto Barretto, former secretary of finance, sound in every way, ver sed in law, politics and business, piloted for that year on the cement firm. H e has been elected and reelected sinee then, some eight consecuti~ times, as president and manager. Production in barrels ~nce 1923: 1923, 37,557; 1924, 204,981; 1925, 283,167 j 1926, 352,904; 1927, 385,435 j 1928, 380,483; 1929, 448,423; '1930, 437,743; 1931, 378,041 j 1932, 383,358; 1933, 280,318; 1934,357,312; 1935, 38~,410; 1936,450,005. From 1923 up to 1929, the eebu Portland cement reduced local consumption of foreign cement by 03J-,~. To insure stability and give the necessary protection to public investment in buildings, by law the Phi]ippine government requil¡es that the cement used in all its public works mu st be the "APO" Portland Cement, manufactured by the ecbu Portland Cement Co. The goverment does not consume all the factory output, a fact which necessitates the sale of the surplus to the public in general and which the latter l'harc if} the benefits, accruing from low cost and the government gU'l.l"anty as try the quality of the product so market.f!cl Obviously. this has proved mu tually beneficial to the people and the government as profits made by the company from its operations are also profits accruing to the people. An executive order makes the specification that in order for cement to be classified in the standard qualification, it should havc a tensile strength of 275 lbs. per square inch in 7 days and 350 lbs. per square inch in 28 days. The tensile strength since thc beginning, bcin g 311 Ibs. in 7 days and 408 Ibs. in 28 days in 1926; and the tensile strength has been going upward as the process of manufacture continued improving. In 1932 the tensile strength was 358 Ibs. in 7 days and 438 lbs. in
28 days. No local product has this tensile strength, or came anywhere near to the government require~ ment of 275 lbs. in 7 days and 350 lbs. in 28 days. The Apo Portland Cement's slogan, BEST BY TEST, is no mean boast ; it is an honest fact. The cost of manufacture of the Apo cement in 1923 was P esos 11.11 per barrel and in 1924, Pesos 6.72. Now the product can be obtained by the government at Pesos 4.30 per banel or there abouts. There is no period in the history of construction in the Philippines when cemcnt was more used and in demand. When it was first suggested that the establishment of a cement plant in the Philippines will save the government hundreds of thousands of pesos annunly in the cost of construction of schools, piers, irrigation projects, etc.; reduce the price of cement so that the construction of concrete road will be practicable and thus save for the public enormous sums yearly spent on imported cement by making a high quality cement available at a reasonable price, it was questioned whether 01' not it could produce uniform high quality and cconomical cement in the Philip pines.
CEBU STEVEDORING CO., INC.
Successsor to
HAMILTON , ]EREZ & CO. INC. Cable Address: "TUG"
â&#x20AC;˘ Marine Contractors Launches, Lighters and Towboats 17-19 Martires
Phone 27
P. O. Box 95
PHILIPPINES It was rumored at the time that the source of many such objeclioO!J and mucb of the adverse criticism was the fore ign manufacturers and the cement importers. Their attitude with regard to the matter was easily understood as it was realized that the cement which cost from three to four pesos per barrel to manufacture was selling in the Philippines f rom ten to twelve pesos, and that a large portion of the three or four million pesos yearly expended in the P hilippines went into the pockets of dealers and foreign manufacturers as profits.
After an extended and careful investigation of the possibilities of t he cement industry in the P hilippines, it was finally decided to construct a pla nt at Naga, Cebu. This plant has now been f unctioning since its establi shment in 1923. P roduction is kept high every yea, to meet continuous demand for cement. After extensive study and continuous experiments, this Plant \ioes not only produce APO Portland Cement, but it' now manufactures a new kind of special cement known as H i-Silik. This H i-Silik cement is specially adapted for road co~-
89
structions, tunnels and underground work. It is highly recommended for projects where concrete is subject to salt water action. At present the General Manager of the Company is the Honorable Jose V. Bagtas, ex Under Secretary of Public Works and Communications and the Board of Directors is composed of the following: Hon. Eulogio Roddguez, President; Mr. Paciano Dizon, Vicc-Prcsident; Mr. A. D. Williams, 1\11·. Gervasio Diaz, Dr. Manuel L. Roxas, Directors. CEBU PUBLIC WE IGH ER, INC. Head Office: Cebu, Ccbu, P. I.-Registered.March 30, 1936-TeJ"lIt: 50 years- Business: Public Scales or Weighing Machines, and to execute any other legal acts which may be incidental or necessary for the accomplishment of such purpose-Na.tionality : Cosmopolitan-Capital Stock: Pesos 10,000.00 divided into 100 shares of the par value of Pesos 100.00 each-Subscl"ibed and Paid-in Capital : Pesos 10,000.00-hlcorporatOl"8 and Directors: Manuel Gotianuy, T. Uy Tengsu, C. Padgett, M. E. Brink and Ramon Aboitiz-Treas!o·el·: C. Padgett, Cebu, Cebu.
CENTRAL AZUCARERA DE BAIS Balance Sheet u of December 31st, 1937 ASSETS Mill. Land ................... . Bu ildings . . Railrouls .. Distillery . Wharves. Tele phones. Furniture and Fixtures .. Sundry Debtors ......... . Miscellaneous Accounts. Stocles Owned .. Inv entory .................. . Transpor tadon Equipment ... . Cuh on Hand ............. . Total Assets ..
1)4, 1 ~~,00J.00
99,877.60
291,000.00 2, 197,944.20 152,079.82 330,000.00 10,000.00 12,544.00 )19,)70.30 654,009.74 500.00 276,410.54 7,000.00 14,259.66 'P8.519,995·86
LIABILITIES Capiu.l Stocl.: .. .. .. .. . Ou[5t;u!ding Bonds . Sundry Crc<l itors. ... ... . ....... . Cia. Gr:ll. de Tabacos de Filipinu Micdlaneou$ Accounts .. Reserves .... Profits and Loss..
~ Total Liabilities. .
Ex~::~~
PROFIT AND LOSS ACCOUNT Revenues: Sale of Sugar .. Opera tio,!; Expenses.
Net Proc«ds of Sugar. Prolit on Sale of Sugar Previous Crop. Other Income. Gron Profit ...
1'2,125,699.81 738,905.00 1'1,386,794.81 141,788.36 1"1,528,58) .17
3~,7)5.29
975,726.74 44,060.25 1,500,(0).00 1,46'1.473.58
'P8,519,995.86
Paid . . ............. . Depreciation, Etc .. Manila Managers ..
I' 125,940. 10
TOTAL EXPENSES . Net Profit .. Cane Milled ........... ......... . Sugar Produced ........ . Average per Ton Cane . . . . . Milling Capaci ty per Day .. . . Dividend Paid per Share ... . Price Range of Stock: High ............. .
" 728,096.08 'P 800,487.09 314,480 tons 591,222 piculs 1.88 piculs ),00l tons 'P80.00
Low ..
552,1~5.98
50,000.00
'1'650.00 ~)5)5 .00
THE COMMERCIAL & INDUSTRIAL MANUAL CEBU STEVEDORING CO., INC. Head Office: 17·9 l\'lartires, Cp.hu , P. 1.-Natiollality: American-Successors to Hamilton Jer ez & Co.-Business: Stevcdodng-Teleg)'(Ll)h: "Tug"Codes Used: Bcnticy's-P"incipals: P. M. Noakes, Pres.; CUI)t. C. J. Mal'ill, Vicc·Pl'csident-Bank Refenmce: Chartered Bank of India, Australia and China. ST. CECILiA CI:IAJ\'lBER OF l\I USIC, INC. Head Office: 32(; Ronquillo, Manila-Rogistc1'ed: September 4, 1936-Tcrm: 50 years-Business: Proprietors and publishers of musical journals; compositions,-NutiO'lJaiity: Filipino-Capital Stock: PIO,OOO.OQ divided into 1,000 shares of the par value of Pesos 10,00 each-S1tbsC/"iLcd Capital: Pesos Z,600.00-Cul)ital Paid : 650.00-DircctOl·S: Gregorio V. Felipe, Pedro L. Nabong, Gervacio Garcia, Mamel·to C. 'Bel'nardo, Jose P. Ossorio, Jose C. Aneles, Feliciano V. Felipe, Agu;;tin L. Aguilar, Exequiel T. Salonga, JURn Bena sa , Pablo C. Payawal, Briccio E. Ablai'ia, Augusto E sc~ta, Lorenzo B. Fajardo and Fortunato B. Cruz. (Ci.,el'vacio Garcia, Agustin L. Aguilar, Exequiel T. Salonga, Bl'iccio E. Ablai'ia and Augusto Escueta, are incorporators only)Treasw'cr: Gregorio V. Pelip, i\fanila.
CENTRAL AZUCARERA DEn. DANAO Heaci Ofiice: Tali say, Negl'os Occidental, Philippines-B"Clllch Office: Manila-Mill: Barrio Labilabi, E scalante, Negros Occidental-NatioJ,ality.Filipino--B1lsineBB: Sugal' Cane Milling-Estab . lished: September, Hl27 by a g roup of Spaniards with a capital of Pesos 2,500,000.00 of which Pesos 1,389,100.00 was subscribed and Pesos 352,275 P aidin; 1929 the Company wa s acqu ired by the present group of Shareholders and in Mal'Ch, 193f7, the cap· ital was increaseJ from Pesos 2,500,000.00 to P esos 5,000,000.OC-Authol'izecl Capital: P eso!; 5,000,000.00 -Pcdd-in CU7/ital.- Pesos 2,595,l8'7.50-Sw·plus: Pesos 304,45'7.28-Pal' l/,II'lLe of Shal'es: Pesos 100.00-Dividend 50 % Stock in Apr il, 1937-P)'incipals: Nicola!' A Lizares, President, Cesar Ledesma, Vice'Pl'esid('nt, Antonio Lizarcs, SecretaryTreasurer, Simplicio Lizares, Managing-Dil'ector, Placido L. Mapa, I nvestment Managing-D irector,Directors : Rafael Lacson, Marcelo Jison, Emiliano LizUl'es, Ricardo Ledesma-Balik Refel'ellce: Philippine National Bank. CENTRAL BENGUET GOLD MI NES, INC. Head Office: Manila, Philippines-Registered: December 22, 1936-TerJl~: 50 year-s-Bu.sil1CSS: Mining-Nntionalit1/ : Fil ipino-Copital Stock: Pesos
200,000.00 divided into 20,000,000 shar es of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 40,000.00-Capital Paid: Pesos 10,000.00-/ncorporators: Arturo G. Cayetano, Jose R. Cabangis, P r udencio de Guzman, Rosa j\'lendoza, Jose S Sarte J r., Mercooez de Flormata and Pablo Samson. CENTRAL INVESTMEN1'S AND SECURITIE S CO., I NC. Head Office: J\Ianiln, Philippines-Registered: September 8, 1936-TerllJ'- 50 years-Bu.sineBs: To purchase, I nvest in, Hold or own shares of capital stock, Bonds. Mortgages, Notes anci' other securities of cor por ations of t he Philippines and in case of agricultUral and mining corporations-Nationalit y .F ilipino-Capital StoclG: Pesos 2,000,000.00 divided i nto 2,000 shares of t he pal' value of Pesos 1,000.00 each-S1tbscribecl Capital: Pesos 569,000.00-Capital Paid : Pesos 334,'750.00-/ l!ctn'PomtoJ·s and Directors: Maria Lopez, Rosario Lopez, Ramon Lopez, Eugenio Lopez, Fernando Lopez, Timotee Con sing, Felix Araneta, Jose Soriano, Angel Padilla, Vicente Lopez and Benjamin J alandoni, (Timoteo Consing, Jose Soriano, Vicente Lopez and Benjamin Jalandoni, ure incorpor ators only)T1'e(tS'Urel' : Rosario Lopez, Iloilo, I loilo. CENTRAL LUZON CONSTRUCTION CO., I N C. Head Office: P ulilan , Bulacan-Registered: September 25, 1936-TcJ'm: 50 years-Buai1Z.esS: Contruction Engineers-Nationality: Filipin~a. pitat Stock: Pesos 40,000.00 divided into 4,900 shar es of the pa r value of Pesos 10.00 each-Sub.~cribed Ca.p itat: Pesos 10,010.00-Capital Paid : Pesos 4,7 l 5.00-Cash: Pesos 210.00 ; P1'opcrty : P esos 4,505.00-l1wol'po1·atol's and DiJ'ectors: F ilomena Aguirre, Justo Aguil're, Anaeleto Dizon, Pedro Agu irre, Epifanio Espino a nd Fa usto Aguirre-T~easurel' : Filomena Aguirre, Pu lilan . Bulacan. CENTRAL LUZON COPPE RFIE LD S, I NC. Head Of/ice: 629 San Francisco, Man ila-Nationality: Fil ipino-B1Isiness: Mining; Gold, S il ver , Copper, Lead, Zinc, B rass-Established: August 11th, 1937-Ca1)itClL Stock: 10,000 Sha r es of no par value-Ca'l)itCll Subsc)·ibed.- P esos 10,000.00-Capital Paid: Pesos 2,500.00-hlc()')·poratol"s: Felix Q. Antonio, T. Uewaki, L. S. Duque, K. H ada, Leon Sa· gun, Cecilio Agustin, Y. Knto, Toribio Ferrer, Jose S. Sagun and I nocencia D. Duque. CENTRAL LUZON M INERALS Head Offic/): Ambrosio Building, 401·405 Sa n Vicente, Manila, Philippines-B1'allch: Agno, Dasol
PHILIPPINES (Pangasina n ) - Nationality: Fil ipino-Business: Copper and Manganese Mines; Base Metals-Established: March, 1!J37-Pri1Icipals: D. B. Ambrosio, President and General Manager, Dr. Cami lo Osias, Vice-President, Geronima T. Peeson, SecretaryTreasu rer-Directors: Manuel Lim, F lora A. Ylagan, HiIal'ion Caniza, C. C. Lim, Thomas G. Neal, Jacoba Concepcion, Gualberto A. de Vcnccia, Flaviano B. Cristobal, Tomasa F. Halili , Domingo C. Bascal'a.
CENTnAL PARA CALE MINING COMPA N Y. H ead Office: 226-227 Samanillo Bldg., Manila, - Po O. Box 1225- Cupieal: Pesos 5QO,aOO.aO-Par Value; One Centavo (Pesos 0.01) per Share-Dir_ ectors: Do'ln Eulogio Ricafort, President; Dl', Francisco QuislImhing, Vice-President; Mr. J . G P a rdo, Secretary; Mr. J ose Concepcion, Treasurer: Don Director- Cons/dHng EnAgtlstin B. Montilla, gineer: Dr. A. D. Alvl' Geo!ogist, E . M.-Bank Reference: Philippine Trust Company. Report to the Stockhold~rs, February 15, 1937; Greetings: Your Board of Director s has the pleasure of transmitti ng to you the report of the executive Comm ittee on the activiti\ of )lour company
J,,:'
91
includi ng the progress of the work in the mines at Barrios Dagang, lind Batobalani, Paraca le, Camarines Norte, for your information a nd guidance. The Executive Committee composed of Messrs. Agustin B. Montilla, ,Jr., Chairman and Dr. Francisco Quisumbing, J ose C. P ardo and Jose Concepcion, members, was created to take charge of the administra tion of the Office and of the mines. Messrs. J ose G. Pardo and J ose Concepcion, visited the property sometime on November, 1936, and organized the work in the mines following the recommendations made by our consulting Engineers, Dr. A. D. Alvir nnd N. J. Ericson. A corps of competent and hig hl y t rained prospectors hended by Elcuterio Quintanm', who is cr edited as having sta /路ted the Paracal e Mining Development Company's mines were eng:tged by the company. Tomas Quintanal' and Alejo Lojada, who each count in their favor Inore tha n 10 year s of experience in prospecting and min ing in rUasbate and P aracale are actually doing prospecting work with a group of laborer s recruited from other mining camps in P aracale ana l'IIamhulao. From the meager r eports received and the analysis of the samples taken from the differ<ant worKings in the mine, we can consider that al-
'.
CENTRAL PARACALE MINING Co. DIRECTORS:
DON EULOGIO RICAFORT, President DR. FRANCISCO QUISUMBING, Vice-President MR. J . G. PARDO, Secretar)' MR . JOSE CONCEPCION, Treasa"," DON AGUSTI N B. MaNTILLA, JR . HEAD OFFICE: 226路227 SAMANILLO BUILDING MANILA, PHILIPPINES POST OFFICE BOX 1225
92
THE COMMERCIAL & INDUSTRIAL MANUAL
r eady a fair start has been made. which later on, ji not now, may prove to be D. profitable mine to
compensate for whatever sacrifices which each 01 you and your Board have! made. With your cooperation and support we shall endeavor to pus'h forward this enterprise on which WI< all have embarked. Th is repor t is to apprize t he Stockholders of the progress of the exploration work in the mines and to account for what has been accomplished during the short period of its existence, giving an idea of how the capital hns been and is being invested. The property consists of twenty (20) full gold lode Claims known as Lamadrid, Dasco and Delemios Groups and is s ituated in the Barrios of BaLobnlani and Dngang, r espectively, municipality of Paracale, Camarines Norte. The t ran sport a tion faci lities to: t he mines is ideal, it bei ng located very Ileal' the Provincial Road ami' is about 10 Km. fro1(l t he town of Paracale. Access is easy, a one Kilometer road being ali that would be necessary to rea ch the claims upon which the "eLns are located. \ The Lamadrid Group coters a total area of Finy-Four (54) hectares situa"b;d in th~ :ncinity of Dagang, and adjoi n ing the old ~ock Mmmg Co. on the Sou th-Eastern boundary. The general topograph y is one of moderate relief. ]n the northern portion of the claims, an outcrop found has been trenched, and the sample taken gave an assay of Pesos 1. 24 per ton (old value). Work in t his vein ha s been temporarily stopped for lack of explosives. The application for use of explosives has just been obtained py the company ano the construction of the magazine for explosives is being rushed. Shafts will be driven foJ1owring th:iS vein to determine if the value per~i sts below. The talus material in this group has been tested for its ore contents. It is ex pected that it will turn out to be of commercial value on account of the presence of several placer concentrations, which have been active in the past· Gold dust and nuggets have been recovered by panning these tal.us material. The Dasco's group has a total area of EightyOne (81) hectares situated in the Pinagbanderahan ~fountain, near Batobalani. It is bounded by different mining companies, on the 'Vest, by Batobalani Mining Co., on the E ast, by the Provincial road and the Santo Nino Mining Co., and the Investment Syndicate, on t he South, by the Santo Nino
Mining Co., and on the North, by t he MaguinU) Mining Co. The topography of the place is very elevated and covers the Pinagbanderahan Mountain with 100 feet elevation. An old shaft of about 80 feet in length which must have been driven by early min· ers has been cleaneci: but due to the cave in at the interior, another parallel tunnel has been opened. The assay value of grab samples obtained in t his vein ran ges from trace of $13.30 (old value), per ton. The Delemios Group has an area of Forty'Five (45) hectar es and is located very near the Provincial Road. The property adjoins the Paracale Mining Development Company claims in Polot Group on the South, and the Santo Nino Min. Company on the West. Prospecting in this place had been more aggressive and several tunnels, trenches and shafts have already been opened. Samples taken from these work!> vary from trace to $14.00 per t on (old value). The high assay was obtaineO' from the five foot vein discovered in the Cadamatan Mountain. Thi s is the place where most of the important work will be started, following the s uggestion of our mining experts who have examined t he property. The Company has engaged the services of Certeza Surveying Co. to survey these claims in order to fix its boundaries. This had been recommended by our Consulting Engineers and the Chief Pros· peetor in view of the presence in the neighborhood of many mining companies. These claims lie in a granite area although some oxidized andesite is found which probably comes from all extrusion of andesite. The vein found strikes N 80 0 E with a NW dip and is compose6.' of quartz, pyrites and oxidation products. The vein has been traced from 200 meters along its strike. This group is in a region of moderate relief, the hills reaching a maximum of 100 feet eleva· ticn above sea level. Sinking will have to be reSOlteo' to in order to open up the veins as the veins are so located that not more than one tunnel level can be utilized. Sample of No. C-1 and No. C-4 are grab sa~ pIes taken at the portal of a crosscut! tunnel. Th~Si adit was caved. in and could not be entered. This aelit is approximately 80 feet in length. At the face of the tunnel according to reports, the vein is three feet wide. The samples are composed of quartz and pyrites. This is located on Sun Juan Claims.
PHIL1PP 1NES
93
cleared and temporar y and permanen t buildings erected t hereon; trails have been opened where these were most required; several tunnels have been opened in acco rdance with recommen o'ations of our CENTRA L SHIPPIN G COMPAN Y, INC. consultin g engineer; and prospecti ng work is being Head Office: Cebu, Ccbu-Rc uistcred: April 1, followed up consisten tly with a view to locating 1936--Te rm: 50 years-Bu siness: Transpor tation further possibiliti es. _Nationa lity: Filipino- Capital Stock: Pesos For the benefit of the stockhold ers, therefore , 100,000.0 0 o.lvided into 1,000 shares of the par vawe are quoting in full the report of our consultin g lue of Pesos 10.00 each-Sub scl-£bed Capital: Pesos engineer, Dr. Antonio D. Alvlr, on the occasion of lOO,OOO.OO-CapitaL Paid: Pesos 52,OOO.OO-lncorhis most recent inspection at the mines, which will pOTutors and DiY8ctor8: Vicente G. Casas, Juana Sogive an idea of the progress in the developm ent of riano Jesus Remedios, Apolonio Go Puco, Manuel the company propertie s. Go, Lim Poh and Lim Hong. (Jesus Remedios and Engineer 's Report.-- Dear Sirs: in our capacity Lim Hong are incorpora tors only)-Tr eas!o'er: as consu lt ing engineers for the Century Gold Mines, :Manuel Go, Dann Bantayan , Cebu. Inc., we have made on December 2 and 3, 1936, an inspection of your proJ.lerty in Tayabas. We submit CENTRA L SPORTS COl\lPAN Y herewith our conclusio ns and recomme ndations for Head Office: 481 Juan Luna, i\'[anila-R cgistel-cd: October 11th, ,\937-Au thorized Capital: future work: 1. The work has been progressi ng satisfac· Pesos lO,OOO.OO--Subsc)·ibed and Paid-in Capital: torily and Ihad it not been for the disadvan tage we Pesos 2,500.00--hlcor~o1'atX8: .Maxima Quin~a, have undergon e in recruiting skilleo' miners and the Consorcio Bautista, LUisa Eu~emo, Angela Carrillo delay incurred in obtaining permit for the use of and Maria Eugenio. explosive s, the progress may have been more extenCENTUR Y GOLD MI NES, Il'\C, sive. Head Offices 608 Cu Unjienl:\ B u ilO'ing, Escolta, 2. ~o\.s the work will progress more rapidly Manila-N ationalit y: Filipino-- -Blts"ittel s: Miningfrom this time on, it will be necessnry to make E8tablish ed: Sept. 1, 1936-.'lttV wri:;:ed Capital: another trip to the property within the next two or Pesos 1,000,000. 00 (Fully Paid Up)-Pa r Value of three weeks, as by that time some of the crosscut Shares: Pesos O.Ol_Prn lcipals: G. A. Montinoi a, tunnels should be cutting into the various veins for Pres., L. del Castillo, Vice-Pres ., C. R Cabanes, which they are heading and future plans can be Sec., C. V. Lobaton, · Treas., .4.. M. HUado, Dir.stnted more conclusiv ely. Bmfk Refennlce : Phi lippine National Bank. 3. It becomes necessary at this time to make The Century Gold Mines, I nC'J has been orcomplete topograph ical and geologica l maps of the ganized anel incorpora ted under the laws of the property in order to corrolate the many veins and Philippin es on August 26th, 193G. and obstringers found upon the property. For this purtained permissio n from the I nsular Treasure r to. pose a transit should be purchaseo ' at the soonest selJ shares to the publiC on Septembe r 4th, 1936. possible date. It did not take long bC'fore the authorize d capital 4. The contructio n program is praticaliy finb«ame fully subscribe d and with the funds thus ished except for the office building for which the raised the company immediat ely pr~ded to insthe excavatio n is now going forward. No more matall a Mine Office thru which laborers were recruitjor construct ion except for trails should be started ed to start the developm ent and exploratio n of the until the property proves its value. company properties . Though the full attention of Crosscut Adit No. C-l has been started on the the managem ent was fOCUSecl on the speedy develCommonw ealth Claim No. 22 of Banban or the Eleopment of the work at the mincs it has not lost na claim of the Century in order to cut at a depth sight of the necessity to practice at all time every of approxim ately 50 feet a vein of about 10 feet reosonabl e economy. width. This tunnel should be continued until the While no great accomplis hments hove been obvein is cut and its character and values at depth tained during the brief period of four months of o·E:tenninOO. The vein is composed of quartz, with the operation of the company, )'et th is much has iron and copper oxides, but no pyrites can be disbeen nchieved : suitable sites have been chosen and cerned at the surface on the outcrop. The vein has Assay Value at $20.67 per ounce C-l trace Co, $13.30
94
THE COMMERCIAL
&
been traced some 50 meters. It is in an andesite conutry rock. The vein in plnces has eroded away leasing a 25-foot perpendicular cliff. This vein is near the road below the Banhan campsite. The vein strikes No. 80 0 SE, while the crosscut is going in
at right angles (about S 35掳 ) an" should cut the vein within 50 feet.
Sample No. C-1 was taken from the quartz portion of the outcrops and gave $1.24 over 2' 10". Opencut No.4, located on the Levy Claim of the Century and Commonwealth No. 22 of the Banban is to open uJ> a mineraJizet! <Iuartz vein. Th)s. had not progressed sufficiently to enable the writer to take a fair sample. It is recommended that aru adit be started to crosscut this vein. Crosscut No.2 on the Job Claim of the Century Group is in a wide quartz zone which abutSi uponr a fault. This is a very interesting place and work should be p.u shed here. The fault strikes N 75 0 Wand ciips 70 0 SW and has a good slikenslide faee, the strikes and dip of the vein itself cannot be detel,nined without more "~'k being done. Sample No. C-2 on the hanging wall side in gouge 19"-$0.31. Sample No. C-3 next 2' \' in quartz, andesite, pyrite and chalcopyrite-$0.10\ Sample No. C-4 on footwall next 3J", in quartz anci andesite with copper stains,-$O.31. Sample No. C路5 on footwall side on the wall, a waH sam ple 29" long in a hard white quartz-l.03. Total width is 6' 2". The hanging waH should be followed here and a Cl'OSscut put in every 25 feet to the footwall. All of the above work should be co~inued at the best speed suitable to the laborers and equipment ano' work should also be starltoo on a cross~ cut t unn el to intersect the l\Iaure No.1 and No.2 veins as stated in our report of October 3, 1936. However, no more than six tunnel/> should be PI'Ogressing at the same time and the tunndls should be put on contract as the workingr.;; al'e too widely separated for the close supervision necessary for daily labor work. Better footage should also be made under this system. A few prospectors should also be kept busy opening up newly found outcrops by means of trenches, so as to be able to see if they are of any value. ALVIR & CO., INC., (Sgd.) A . D. ALvm (Sgd.) N. J. ERICSON It will be of interest to stockholders to know that the company has acquired additional properties
INDUSTRIAL MANUAL situateci' in Paracale District known as Capacuan Group. Thls new property consists of Fourteen full lode claims. By virtue of an authority vested by the Board of Directors at its meeting of December 1st, 1936, the President purchased for the com~ pany the above mentioned mineral claims. The acquisition of these claims will undoubtedly redound greatly to the benefit of the company as properties along the Paracale region are generally conceded to be rich in gold deposits and with this purchase t he resources of the company has reasonably improved, The report prepared by the engineer who macie an investigation of the property follows in full: 1 have the honor to submit hereunder the following Bl'ief Report covering an examination of the Ca路 pacuan Group in Paracalc, Camarines Norte. CAPACUAN GROUP Extent and Location.-The Capacuan Group is divided by the Paracale-l\Iambulao Provincial Road into eastern and western portions. The eastern portion consists of 6 full lode claims or 54 hectares, and is bounded on the N by Equitable Exploration Mining Co., on the S by the Gold Rock Mining; on the E by the Paracale~Mambulao Roaa; on the W by Equitable Exploration and Gold Rock Mining. AdJoining this portion by the Group, there is one who I understand, would let you stake, his privateowned land. The area of it is approximately 20 hectares and is also mineralized. The Western portion consists of 8 full lode claims 01' 72 hectares, and is b,.ounded on the N by the Paracale Gold Mining Co.; on the S by the Gold Rock Mining; on the E by the Paracale Gold Min~ ing Co., again, partly; and on the W by the Paracale--Mambulao PI'ovincial Road. This group is on the right side of the PI'ovincial Road coming from Paracale and going to Mambulao; the first group above described is on the opposite (left) side of the aforesaid Provincial Road The Group is within the jurisdiction of the Barrio of Capacuan, l\1unicipalit)' of Paracale, Province of Camarines Norte. Attached is a blue print of the property as copied from the original sketch registered in the office of the Mining Recorder of Camarines Norte on September 17, 1936. Topography and Resources: The ground within the Group is of moderate topograph)" there being no high range or peak. The Group is not well forested, with a few creeks crossing it. This drawback is compensated, however, by its advantageous position in a6.joining the Provincial Roar.!,
PHILIPPINES (rl;ology: The main formations in the districts al'C dioriteschists and sedimentaries, also gneiss and cxtrusives. The country-r ock is schist and much weather-beaten in many places. The yellow clay that covers a gl'eat part of the ground in the Group is the product of decomposition of the schist and seems to be very thick. Mineralized Zone and Gold are: Bowlers of quartz of high vulue are found in many places of this Group, They seem to follow a fixed line running from NW to SE. Previous to my visit, Mr. Jose S. Valenciano went. to the place to get some samples and he took them for assay to Adamson Assay Laboratory with the fo![owing result: Assay Report No. 206, October 14, 1936-$4.54 per ton, bnsoo on the old price of gold $20.67. During my visit, 1 took five samples from five different parts of the Group. They were taken to the Assay Department of the Philipl?ine Engineering Company anci' to Adamson Assay Laboratory for assay purposes, and these results of the said samples submitted, based also on the old price of gold of $20.67 are as follows; PIIILIPPINE
ENGINEERIN~
CORPORATION
ASSAY DEPARTMENT
Date Nov. 6, 1936 Nov. 7, 1936 Nov. 7, 1936
Assay Value Lab. No . Rec. No. Oz. per Ton Pel' Ton 14217 4129 $21.84 $85.70 14458 4155 Trace Trace 14459 4155 .02 .41
ADMIS0N A SSAY LABORATORY
Value A ssay Lab. No. Rec. No. 0.:;. PCI' Ton Pel' Ton 637 10.08 637 TI'ace I was informed by the guide that within the Group there were ~hree or four old pits which are now closed due to their having caved in. This is a favorable feature, because it indicates previous mining activities by Spaniards, who, in the olden times, mined only places that were rich in gold. On the east.ern portion of the Group, I saw bowlders of magnetite and hematite following a line from East to West. The country-rock is also of schist, Ilnd the bowlci'ers are in yellow clay (said clay being the product of decomposition of the schist) and semi-decomposed schist. I was infonned that the samples you took came from this part of the Group, giving the following result as per Assay Report of the Philippine E ngineering Corporatiol~ that you submitted to me;
Date Nov. 7, 1936 Nov. 7, 1936
95
Oct. 27, 1936-Assay Report No. 3861; 61.8%
Fo. I also found bowlders of magnetite and hema~ tite of the same grade in the adjoining two unstaked claims which I have already mentioned in the first page; the acquisition of which 1 strongly advise, to thereby increase your six claims on the eastern sici'e to eight. Conclusion; The geological f ormation of the country is promising and t he undersigned recom~ mends e..'(ploration works to be undertaken following the line of NW to SE. The fact that the eastern and western portion.<: of this property are so advantageously located in the center of weJl-known gold mineS such as the Paracale Gold, Gold Rock, and Equitable 'E "-ploration, is a most encouraging for you to make further exploration and development works. The average of the ore is evidently hig h-grade, and the commercial possibi lities of the ore ci'eposits a re excellent. (Sgd.) FELICIAXO NABLE,
I
CERAMIC INDUSTRlF. S OF T HE PHILIPPI NES Head Office: Filipinas Building, Plaza i\Ioraga, ManiJa-Registe)'ed: August 19, 1937-Tenll: 50 years-pusil1ess: Manufacture of bal,ed clay matedals of construction (bricks, roofing tiles, hollow blocks, flool' blof!ks, paving materials, etc.)-Nat'ionality: F'ilipino-Capital Stock: Pesos 1,000,000.00 divided into ]00,000 shares of the par value of Pesos 10.00 each-Sub8C)'ibed al1d Paid Capital: Pesos 100,000.00; Inco1'porato )'s: Dr. I\'lcnuel N. TUllson, Mr. Salvador Zaragoza, Mr. Juan 1\1. TunSO il, 1\"[1'. Jesus M. Tuason, i\11'. Antonio Brias, Mr. Salvador Araneta, i\路lr. Jose Aranete, Dr. Salvador del Mundo, and Mr. Jose A. Ricard-Officers: President and General Manager, Dr. Manuel N. Tuason; Tl'easurer, Mr. Juan 1\1. Tunson; Secretary, Mr. Ramon H. Davila-Directo)'s: Dr. i\lanuel N. Tuason, Mr. Salvador Zal'agoza, Mr. Juan 1\1. Tuason, 1\1r. Antonio Brias, Mr. Salvador Araneta, Mr. Jos. A. Ricards, and Mr. Gonzalo Valdes. CERVANTES GOLDFIELD S MINING SYNDICATE H ead Office: 2nd Floor, Paterno Bldg., Stu. Cruz Bridge P. O. Box 2180, I\l:l.nila General illa11age)': Universal Investment Company, Inc. Capital: Pesos 1,000,OOO.OO-Units at the Pm' Value of Pesos 100.00 each-(Registered in the Bureau of Commerce, Title No. 11788)-Board of T'路ltstccs ;
96
THE COMMERCIAL
&
Horacia C. Chuidian, Mercedcs Mantilla, Maria Paterno, Leon N. Javrnez, Marin-a Mantilla, Francisco Astilla, Juan E. Sison, Manuel r..L Manzano, Victor del Rosario, Cont'a do E. Posadas, Jose Sebastian-Oflicc1's: Horacio C. Chuidian, President, Mcrcedes Montilla, First Vice-President, Leon N. Javinez, Secretary-Tre'<l£urer, Marina Montilla, Assistant Secretary-Tre-asurer, :Maria Paterno, Second Vice-President-Field Superintendent, Manuel M. Manzano; Asst. Field Superintendent; Victor Del Rosario; Auditors, Bulaon &. Company; Engineers and Geologists, Louis C. Dell &. Juan Catasus; Mineral Land Surveyor!, Certeza Surveying Co., Inc.-Bank Reference: National City Hank of New York. The properties over which the Cervantes Goldfields Mining Syndica te has an option are located in the municipalities of Suyo and Cervantes, IloCQg Sur,,, and in the municipality of Bauko, Mountain PrOvince, distributed a::: follows: (a) One group of 63 gold lode claim£. situated in the Sitios of Mapacac, Bessang. Balawen Langiatan, Nasisil, 1\:I'8pao~ lmmoc-oc, Natukyuda'n , Nabtoy. Zigzag, all in the m'unicipality of Cervantes, Ilocos Sur.-(b) One group f 63 gold lode claims situated in the Sitio of Naiva, MUnicipality of Cervantes, IIocos Sur.-(c) One roup of 36 gold lode claims situated in the Sitio of Busocan, Barrio of Han Isidro, Municipality of Cervantes., lIocos Sur.- (d) One gToup of 15 gold lode claims situated in the Sitios of Batawang, Bulalp.kao, l&ag-atong, Butak, Togpen, Cabulalakaw, Barrio of Butak, Municipality of Suyo, 110cos S1:r.- (e) One group of 27 gold lode claims situated in t he Banio of Lisib, in the municipality of Bantos, Bontoc, Mountain Province. All these mineral groups are 'llOW being partial. ly explored, and outcrops have already been located. The results of the preliminary exploration so far are very encouraging. The outcrops seem to in· dicatc good possibilities th{lt the mineral properties of this Syndicate may develop into good mines. Outcrop samples t'3ken at random from different places have already given assay results of from $0.31 gold to $43.40. Because of the bright prospects of the properties. the organizers of the Cel'vante::: Goldfields Mining Syndicate have not hesitated in going ahead with this venture in the belief that all of us are anxious to have the properties fully explored and developed for the mutual benefit of all investors in this Syndicate and in order that we can partici-
INDUSTRIAL MANUAL pate, even in a sm...·.U way, in tho development of the rich natural re~ources of this country. Preliminary exploration of the [our mineral groups in Cervantes and Suyo was immediately undertaken. The primary purpose was to determine the possibilities of the sai d four mineral groups. Outcrops of considerable size9 were discovered and found to hold encoul'aging value. The exploration was therefore intensified. As the explomtion went on, more discoveries were made and the values of outcrop samples taken at random from different places became more and mora encouraging.. Immediately the services of a competent mining enginee.r were secured to hasten the preliminary geological examination of the property. Almost simultaneou!ly, the services of mineral surveyors from the Certeza Surveying Co., Inc., were engaged. The bright prospects of the property of developing into a paying mine having been verified by the engineer, the Universal investment Co., Inc., draft· ed at once a program of development in accoroonce with thc engineers' recommendation. Building sites are now being prepared wherc construction of buildings for field administration, assay laboratory, camps, blacksmith shop, dynamite magazine, bodega, etc. -will soon be started. All materials for the construction of a concrete and burglarproof dynamite magazi·ne in accordance with the requirements of the government have already been shipped to Bessang. The property is exceptionally 'l.cces~ible, it being traversed by the Tagudin-Bontoc road, a factor rarely found in other mineral groups. Other mining 'firms spend thou£ands and thousands of pesos for the construction of roads, whereas the Cervantes. Goldfields Mining Syndicate will not spend a Single Centavo for road construction for the Cervantes properties bec!luse they .:lre ~Liong th~ Tagudin-Bontoc road. The Cervantes Goldfields i\1ining Syndicate consisting of four lode mineral groups is situated in the Municipality of Cervantes, Province of Ilocos Sur, I sland of Luzon. All claim,. have been du~y registered in the office of the Mining Recorder III the city of Vigan, capital of nocos SUI'. The gl'OUPS a1'"l) named als follows: ::Maggon, Naiva, Zigzag, and Butac Groups. These groups are adja cent and easily accegsible fl'om the Iloeos Sur Provincial road pas:::rng through Tngudin and Cerva;ntes. The campsite is situated c.t Barrio M
PHILIPPINES Bessong, adjacent "0 the Provincial road, seven~ toon and a half kilometers from the City of Cervantes. However, the Provincial Toad cuts direetly across the groups, making (01' Ilcccs-sibility for the transportation of material -and equipment to the mine. The claims nre situated 1,000 feet above sea level and rise to an altitude of about 5,000 feet. They are bounded on the North by the Liquete Mining Group. on t he East by the l\[o1'cno, F elix Mota and Dr. Donato Groups, on the West by the Marques and Borge groups, on the South boundary by public lan&:. WeJl-defined trails are generously distributed about all four groups, making for accessibility in getting over the terraine for prospecting nnd exploration. The general topographical features of the claims themselves are rugged mount-ains, cut with deep ravines, from which originate heavy streams and freshe~, thus nS!n.lring a bountiful water supply, for any further development purposes, t h . strea m~ being the main tributaries of t he Chico an" Abr a Rivers, which are quite adjacent to all fou r irli..0ups. In all, the Cervantes Goldfields Mining Syndicate consists of four fu ll mineral groups divided into one hundred seventy seven claims, distribu d as ,follows: Maggon 63, Naiva G3, Zigzag 3G, an~ Butac 15 claims. At the time of the examination, a crew of forty miners was employed in prospecting and developing this property. All neces!!ury equipment and mate. rial ore on hand to carry on this work, The entire urea is thickly vegetated wit h a third class group of pine t imber which will suffice for any development work which might be perform· cd in this property. The main ridge of this group of claims strikes a dip approximately NGSE. This is very comistent throughout the property in general and I might also add t hat topographically speaking, there are more than a dozen of excellent mill sites on the claims. The predominating country rock found during the preliminary examination of these four groups of claims is an a ltered andesite diorite interspersed very generously with a gmntic quartz which in most cas:es carries values, however small. T he en tiro area is highly faulted and fractured, the vein material being achloratized andesite \vith heavy interlacings of sericite, calcite a nd quartz with some pyrite and chalco pyrite and ma,g-netite. The writer concentrated approximately ten days in ex.amining twenty-five outcrops which were brought to his attention on the four groups. T he
mineralization on all groups is quite consistent throughout. All samples: cut for assaying were cut from these aforementioned outcrops, and also from the tunnels which have been driven so far in the prospecting of the areas. These tu nnels which have been driven so far in the pros:pecting range in length from fifty feet to two hundred feet. Con· sistent stringers of this andesitic quartz nre visible in all t UnJlel s. and samples obtained from them wi ll undoubtedly carry fair values. While it is true that some prospecting has been performed on this group of claims, yet I regret to say at this time that this prospecting and exploring has not been carried on in an eHi· cient and economic manner. Obviously, the prospcctol' conducting the exploration knows very littlt.> of this type of work. However, I honestly feel that from the general width of the outcrops, the result.s of the assays, and the geological featu r es, that these four groups do merit future conmderation from an exploration standpoint. Ther efore, in view of the above facu; wh.ich were as!:imilated during this Ilreliminary eXamination, I recommend t hat a capable and high. Iy efficient eng ineer be placed in charge o[ these groups to open up and trace the aforementioned outcrops and also to dl;ft on the £mall veins that were found on this group of claims, with the earnest hope that greater values will be brought to light after one month of intenS!:ivc prospecting alon~ the proper channelS, especially in the ]\'l aggon and Naiva Group~, they being the best developed of all the grroups. If this prospecting and exploration is conducted in the foregoing prescribed manner, t hen from two to three months should be ample timc to consider a second geological examination although I want to say in passing that this group of claims hold much promise of developing into a paying mine, becaus:e of its easy accessibility, and quantity of h igh grade ore. CHAM SAMCO & SONS Head Office: 300-308 Sto. Cristo, 1'l"Ianilaf'\.'la.tionality: Chinese-Business: Importers of General Hardware-p,·illcil)(.l/S: Cham Samco. General Manager, Cham Ay Chia, Amistant Gene· ral Manager, Cham Say Li, Import Manager. CHAMBER OF MINES OF 1' HE PHILIPPI NES H ead Office: 610 National City Bank , Manila -Registered: March 13, 193&---Te-rm: 50 yearsBusiness: To fos:ter the economic development and
THE COMMERCIAL
98
&
use of the mineral resources of the PhilippinesNatio'1lla,lity:
American- /ncorpora.tQ'l'S and
Dire~
tors: John W. Haussermann, J. H. Marsman, Andres Soriano, P. A. Meyer and Ramon J. Fernandez. CHAN KE AND COMPANY Head Office: 360' T. Pinpin, Manila-Reg18te"ed: July 2, 1936-Tenn.: Three (3) yp.ars, from July 1, 1936-Business: Furniture Merchant~ Na.ticmality: Chinese-Capital: Pesos 12.000.00Capital contributed by each lJOrtneT; Chan Ke, Pesos 3,000.00; Chan .Ah Lao, Pesos 3,0 00'.00 j Chiu Kan Tong, Pesos 3.000.00; Jong MUD, Pesos 3,O'JO.OO - Manager; Chan Ke. CHANG HIOK & CO, Head Office: 2431-2435 Rizal Ave., ManilaRegis te1'cd: November 9, 1936-Tel"1n: Three (3) years, f r om September 1, 1935-B1t8iness: Lumber J\Ierchants-NCLtiona~y; Chinese--Capital: Pesos 12,OOO.00- Capital contl-iblLted by each partner: Chang Hiok, Pesos 4,000.00; Go Lin JOt Pe90s 4,000.00; Chua Lian Kee, esos 4,00'O.00,_llIanager; Chang Hiok. CHARTER BRUNNER, INC. Head Office: 240 Calle DasmariJlas t Manila. Philippines _ Nationality; American _ Business:
INDUSTRIAL MANUAL Manufacturers' RepresentJatives-EstabliBited: 1935 -;-Attt.horized Capital: Pesos lOO,OOO.OO-Paid-in Co.pital; Pesos 80,000.OO-Par Value of Shares: Pooos 100.00-Prindipals: T. H. Charter, President, A. C. Brunner, Vice-President and General Manager -Telegraph Addre88: Chabrun-Cocies: .Acmej Bent~QY j A. B. C. mh. Ed. j Commercial j General; Pl"ivate-Btl.1Ik Reference: Hongkong & Shanghai Banking Corpor ation. CHARTERED BANK OF INDIA, AUSTRALIA CHINA Head Office: 38 Bishopsgate, London-Manila Office: S. J. Wilson Building-Bt'a1tches alld Agencies: Throughout the World-Nationality: British8us·in6ss: General Banking-Established: 1853Incorporated in London by Royal Charter -Capital: £3,000,000-Reserve: £3,000,000-Principals in Ma.nila: C. E. Stewart, Agent, S. Fortune, Accountant, L. T. Watty, Sub-Accountant. CHENG CHI N & CO. Head Ojfice: 1016 Calle Comercio, ManilaRegistered: June 10, 1936-Tel'm: Ten (IO) years, from June 17, 1936-Bus-iness; Merchants-Nationality: Chinese-Ctlpital; PeEos lO,OOO.OO-Capital contributed by each pa71.ner: Cheng Chin, Pe9"IS 5,000100 j Cheng Lip, Pesos 5,000.00.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA At Mani la, Philippine Islands, at the close of business 31st March, 1937. RESOURCES Loans and Discounts .. Ol·erdrafts.. . .... .. . ... . CuStomers' Liability, TfR .. Banking House, Furniture and Fixtures. Due from Banks .. Cash ..... Other Resources .. TOTAL. .
1>31,471,972.07
LIABILITIES Due to Banks . . Cashier's, Mallager's and Certified Checks. Indj,·idual Dcposils Subjeet III Check .. Savings and Time Deposits .. Bills Payable .. Other Liabilities TOTAL
'1'),960,175·13 10,161,053.34 ),526,165.59 177,643.35 7,939,553.49 4,067,610.)2 1,639,nO.85
'1>8,063,056.09 )2,896.18 13,316,485.95 5,651,On.12 13,337.40 4,395,119.)3
..... . .... . .... 1"31,471,972.07
CONTINGENT LIABILITIES Future Exchange.... . 'P9,159,306.44 277,709·50 Traveller's L/ Cr.... Bills Received fllr Colicctillll. 885,942.06 Other Contingent Aecounts... 282,023.41 HEAD OFFICE-Deeember 31. 1935 Capital... . . . . . ... £ 3,000,000.Surplus alld ProSts... 3,181,0)7.Deposits. 45,986,111.Tlltal Resources. 59,557,928.UNITED STATES OF AMERICA C. E. STEWART, l"<.hnager, Manila PHILIPPINE ISLANDS City of Manila I, L. T. WATTY, of the above named bank do solemnly swear that the above statement is tfUe, to tbe best of my know. ledge and belief. L. T. WATrY, Accountant. Subscribed and swom to before me Ihis 20th day of April, 1937. The affiant·s cedula certificate isNo. F65Q8 issued at Manila Oil Jan. 8, 1937. JUAN R. LIWAG, Notary Public. My comm ission eJ:pircs on Dec. 31, 1938.
PHILIPP INES CHENG SIONG LAM: & COM PANY, Head Office; Siongiam Building, 100'1 Dagupan Street, Manila, P. I.-Branches: San Jose, N. Ecija, Cabanatuan, N. Ecijaj Gapan, N. Ecija; Baluarte, Gapan, N. Ecija; San Miguel, Bulaean; Quingua, Bulacan-Successors to Cheng Liaoco & Co.-B'Il.si11e88: Importers and Exporters-Established: 1884 -Paid路in Capital: Pesos l,OOO,OOO.OO-Teleg/'apk: Sionglam-Parhler8: Cheng Siong Lam, Silvio Cheng Pan, Ruben Cheng Pee, Ching Cheng, Cheng Chuy, Cheng NUn, Dng Eng-Bank Rejerence: China Banking COl'poration; Peoples Bank & Trust Co.; Philippine National Bank-Agents fo)".- Pan Pacific Oil Co., Los Angeles, California. CHI NA BANlUNG a ORPORATION Head Office : Manila-Bl\a.nches: Shanghai, and Amoy, China- Nationalit,y : Chinese---Bu.siness: General Bankin g-Established: 1920-BoQ.1路d 0/ Directors: P.resident Dee C. Chuan, President, Dec C. Chuan & Son, Inc., Philippine Lumber Mfg. Co.; Vio,e-President : Albino Z. Sycip-Diredors G. A. Cu Un Jieng, President, Yek Tong Lin Loan Co., Ltd.; Yek Tong Lin Fi~ & I\Iarine Ins. Co., Ltd., and Cu Un Jieng & Co, Ltd., Real Estate
99
Owner; Uy Yetco, Managing Partner, Mariano Uy Chaco Sons & Co. i Oei Tjoe, Banker, Chong Su See, Marcelo NubIa, Attorney.at.-Law; Lee Siau Tong, Li Seng Giap, President, Li Seng Giap & Co., Inc., Real Estate Owner iDee Chian Hong, President, Destileria La Fortuna, Inc., Real Estate Owner Guillermo Dy Buncio President, Dy Buncio & Co., Inc.Manager, Albino Z. Sy Cip-Authorized Capital: Pesos 10,000,000.00; Paid-in Capital: Surplus and Undivided Profits over Pesos 8,400,000,00 Laws of the Philippines. CHINA INSURAN CE AND SURETY CO., INC. H ead Office: 614 Gandara Street, Manila-Nationality : Filipino-B usiness: Fire and Marine I nsurance; Fidelity and Surety Bonding- Establ路jshed: February 16th, 1931-Authot路ized Capital: Pesos 500,000.00- Paid-in Ca.pital: P esos 250,OOO.00-Par Va.lue 0/ Shares: Pesos 100.00-Surplus: Pesos 163,123.32-Reserve: Pesos 15,842. 14-Dividend: Pesos 25,OOO.OO-Principals: E. T. Yu Chengco, President and Manager; Directo1's: E. T . Yu Cheng. co, Yu Eng Muy , Yang Pao Wang, Lui sa Yang, Simon A. Chan Bona-Representativt:s : Yu Tong Su, Cebu; Eriberto Gonzalez, TIoilo-Telegraph:
CHENG SIONG LAM & Co. (Successor co Cheng Liaoco Established in 1884
&:
Co. )
SIONGLAM BUiLDING, 1001 DAGUPAN ST. MANILA, PHILIPPINES P. O. Box 152.4. Tel. Nos.; 4-96,50 &: 4-96-06
Paid-up Capital l"l ,OOO,OOO.OO, Phil. Cur. IMPORTER AND EXPORTER Wholesale ~ice Dealer; Bonded Warehouseman ; Own er and Operacor of Three Rice Mills with a Milling Capacity of 200 Tons daily; Sacks and Hemp T,:"ines Manufacturer and Importer; Sugar Dealer; Gasoline, Kerosene, Od, and Grease Dealer and Imponer. BRANCHES; SAN JOSE, N. EClJA; CABANATUAN, N. ECljA; GAPAN, N. ECljA; BALUARTE, GAPAN, N. ECljA ; SAN MIGUEL, BULACAN ; and QUINGUA, BULACAN. C3ble Address: "SIONGLA" Code Used:
Acme:
Philippines. &:
PdY:r.(e
100
TH E COMMERCIAL
&
Cis-fla.nk Reference: Bank of the Philippine I s. lands; China Banking Corporation; Philippine National Bank; Chartered Bank of rndia, Australia and China. C HI NA·P HILIPPI NE TRA DING CORP. Head Off-ice: Iloilo, IloilO-Rogistered October 14, 1935-T e/'wlo: 50 years-Business: Exporters and Importers, General Store-Keepers, Commission
INDUSTRIAL MANUAL and Insurance Agents or Sub-Agents, E state and Property Agents, Brokers. General and Special Agents, or Managers, and Jobbers - NatioWllitl/: Chinese - Capital Stock: Pesos ·18,000.OQ divided into 480 ~ hares of the par value of Pesos 100.00 ench-Subscribed Ca,pitll/: Pesos lO,OOO.OO'-Capital Paid: Pesos 2,500.00-Di1·eclo)·8: Yu Y, Paw Bun Pek, J un Eng Chiong, Tio Liam and I s idro Uy ViIlanucva-1'rt'IfBUTtlr: Paw Bun Pck, Iloilo, Iloilo.
CHINA BANKING CORPORATION Balance Sheet as of Decembet 31st, 1936 ASSETS Cash on Hand and in Banks . .............. . " 6,785,305.08 Due from Foreign Baoh..... 2,912,06).32 Loans, Discoun ts, Etc .. 7,S84,n8 .39 Unmatured Bills........................... . 252,272.60 Acceptances under Leners o~Credit .. . . . . ... . 991,528.04
B~~~:,r~~~~s: .~~~I..~~t~.t~: . .\.i.t~~~ .a.n.~ .~i~~
885,107.86 829,242.7 1 1,547,051.99 4,001 ,924.85
Stock and Bonds ................ . . ..... ... . Acceptances Purchased. Sundry Asscn. . ........... • Total Assets ..
'P26,0S8,724.84
PROFIT AND LOSS GrO$S Income . Brought Forward .. .
~p
1,364, 1l5.98 1.410.381.74
T' 2.774,497.72 Ge neral Expenses. Etc. Taxes Paid .. Carried to Surplus
751. 168.85 117,81D.63 72.141.90
L1ABLLITlES Capital Stock ....... . Surplus and Reserves. Undivided Profits....
'P 5,713,}oo.OO
Due to Banks .. . Sundry Liabilities ... .
1,464,905.97 966,875.34 11 ,)20,681 .07 1,254,284 .48 5,)68,6n.98
TOtal Liabilities.
5,368,677.98
DepoSItS
To~al
Liabilities ..
"26.088,724.84 228,5)2.00 46, 180. 14 1,558,664.20
Dividends. Bonus.. Undivided Profits ..
1) 2.774,497.72
Dividends per Share . .. Prke Range of Stock: High .. Low..
'P
6.50
1~
47.00 46.00
1)
CHINA INSURANCE & SURETY CO., INC MANILA, PHILIPPINES
Condensed Statement of Condition, December 31, 1936 ASSETS Cash on Hand and in Banks... . .... .. 'P 35,573.31 Accounts Receivable, Secured & Unsecured.. 104,642.)6 Real Estate First Mortgage Loans 296,495.59 Co!Ja:eraJ Loans.................. 3,CXll.00 Stock In,'estm: nts. .... ............ 6,901.00 7511.96 Furniture & Fixtu res- Depreciated Real Estate . . . . .. .. . . .......... 5,420.00 Other A5fttS .. .. .. .. .. . 2,252.C(l
..... " 455,Q-t4.22.
LIABILITIES Accrued Taxes.. .. Unsettled Fire Insurance Claim Bonuses 10 Officers and Directors. Surety Deposits and Others .... .. Deferred Credits . .............. .. Legal Reser,e Suspens: CAPITAL Capilal Fully Paid Up Sur plus .......... . Totti ...
... 1) 2,124.76 7.000.00 2,870.61 4,171.46 1,s76.67 15,842.14 8.335.26 . 250,000.00 .. 163.113.32 . P455,Q44.22
101
PHILIPPINES CHING NG YU & CO. Head Office: 517-519 T. Alonso, Manila-R egistered: July 17, 1936-Term: Five (5) years, from June 1, 1936-Bu.s inâ&#x201A;Ź88: FoodstuHs and general merchandise - Nationality: ChineseCapital: PeS09 9,aOO.aO-Capital contributed bV each partner: Ching Yao, Pcso!!o 3,000.00; Ng Woo, Pesos 3,001).00; Yu Peng, Pesos 3.000.00-Mamge,.; Ching Yeo. CHOA THIAN SIU & COMPANY Head Office: 475 Juan Luna, Manila-Nation.ality: Chinese-B118ineS8: General Merchants-Regi8tered: OctobCl' 1,1937-Cropi ta/.' Pesos 50,000.00Gapital contributed by enel!. p(tJ' tnel': Chon Thinn 8i\l, Pesos 30,000.00; Chon Khong Khi, Pesos 10,-
000.00; Victoria Tan, Pesos lO,OOa.OO-Manager: ChoB Thinn Siu. CHRISTENSEN PLANTATION COMPANY Head Office: Sanla Cruz, Davao, p.I._Na.tio1Wlity: Filipino- Business: Plalltation, Coconuts and Cattle-Established: 1918- A1uhodzed Capital Stock: Peoos 100,0'00.00 (Common); Peso~ 200,000.00 -10% (Preferred) -Paid Up Capital Stock: Pesos 85,800.00 (Common) j Pesos 48,400.00 (Preferred) -Annual T!t7'nover: Pesos GO,OOO.OO- Re8C'rlle: Pesos 56,855.25- Dircct&r8: E. E. Christensen, Manuel A;mer, R. S. Rilgby, T. M. Holmsen, E. C. Walters-Bamk Referenccs: Bank of Philippine I s~ lands, Manila; Philippine National Bank, Davao.
CHRISTENSEN PLANT AnON CO. Balance Sheet as of December 31st, 1936. UABILIlrIES C:apital Stock: Common Stock, Authorized . . Not Issued.
?1(X),OOO.OO
14,200.00
'P 85,800.00 OumaDding"Paid-up ... . . .. . . PrcferredStock,lO%Cumuiarive, 1'200,000.00 Authorized .. 151,600.00 Not Issued.
'P 85,800.00
Ouutanding-Paid-up. Current Liabilities: 494.79 Accounts Payable.. . . . . . .. .. ... 1.' Due to Officers of Company... . 1,655.48 Wages Due to Laborers, Dec. 31, 1936.... ......... 2,428.99 Accrued Sales Tax. 22.36 Surplus and Reserve: Capital Reserve ....... . Net Surplus for 1935... . Net Surplus for 1936. .
'I.' 5,000.00 47,823.55 4,031.70
4,601.62
56,855.25
ASSETS Property (At COSt less Dcpreci:ation): Land, 96}.3U5 Hectares.. .. .. .. 'I.> 26,760.51 Coconut Trees: Bearing . ... 30,093 1>97,502 .64 1929, 7-1 / 2 year. 6,6}6 16,674.34 19}O, 6-1 / 2 years.. . 11,500 18,986.28 1936, 1/ 2 year.. 4,700 2,571.27 '1.>135,734.53 52,929 270.28 1936-A, Clearing for Coconuts . . 727.00 1936-B, Clearing for Coconuts .. 4,679.91 Buildings (16) .. 1,100.00 Clearing, Reserved for Buildings. Cattle Branding Corral. . . ..... . 360.11 Fencing, 14 Km., Woven Wire .. 1,810.00 2,242.17 Field Equipment and Tools .. . 501.17 Office and Store Equipment. .. . 1,278.58 Copra Dryer .............. . . 2,391.00 Work Cattle, (26 and I horse). Well Account. 72.00 'P177 ,927 .26 Total Property .. Currellt Assets: Cash on Hand : In Safe .. .. .. .. . .. . ..P 3U.46 In Phil. Nat. Bank . ... 1,144.96 In Bank of P. I.. 240.56 'I ' 1,707.98 Advances to Laborers . . Accounts Receivable- Good . Accounts Receivable- Doubtful . Breeding Cauk ( 415) ......... . Mdse., Etc., In ventories u COst .. Fire insurOlnce .. . .. . Coconut Seed-bed . . COrll Planting for 19}7.
Total Liabilities
'1"195,6')6.87
Total Assets . .
16S.60 7,489.S8 439.S0 2.699.90 4,919.66 48.37 32.23 226.79
17,729.61 [>195 .656.87
102
THE COMMERCIAL & INDUSTRIAL MANUAL
CHOOLARAM &. CO. Head Oflkc: Manila-Registered: March 10, 1936~Tel'm: Five (5) years, from January 1, 19M -Business: Silk Cotton Ware; Importers & Exporters - Nationality: British-Indian - Capital: Peso~ 25,000.00 - CCLpital cont·,-jbuled by each. partne,': Choolaram Mulchnnd. Pesos 8,000.00'; Kotumal Choolaram Pesos 13,000,00; C. Gurnam, Pesos 4,OOO.OO-Managcr C. Gurnamal and Kotuma\ Choolllram.
CHRISTERN, HUENEFELD & CO., INC. Head Office : 711 Roman Street, ManilaBranch: Lucbnn & Dnragn-NMionality; German -Business: Exporters-Sole Active Partner: E. Huencfeld-Establishcd: 16th, 1926-Pa.id-in Cwpital: Pesos lOO,OOQ.OO-Par Value of Sh-ares: Pesos lOO.DO-Annual Turnover: Pesos 1,000,000.00 to Pesos 3,000,000.00-Tcfegra7Jh: "Sternhuene"-Codes: A.B.C. 5th. Impr. & 6th. Ed.; ,A cme; Acme 7-FigW'e; General Telegraphie; Oriental 3-Letter; Universal Trade; Rudolf l\tosse; Bentley's; Lieber's -Bank References: Chartered Bank of India, Australia & China; Yokohama Specie Bank, Ltd. CHUA BON TIONG & CO. HS:Jd Office: 125 Ros-ario, Manila_Registered: January 7, 1937 - Tenn: Five (5) years, from January 1, 1937 - Business: 1t1erchandising----Nationalit-y : Chinese - Ca.pital: Pesos 7,000.00-, Capital contl'ibuted by each part7ler: Chua Bon Kiong alias Chua Bon Tiong, Pesos 3,500.00'; Ong Mi, Pesos 3,500.00 - Mo,nage1': Chua Bon Kiong & Chua Bon Tiong, CHUA HO & COMPANY Head Office: 1013 M. de Santos, ManilaReyistered: December 22, 1936- Ternt: Three (3) years, from September 5, 1935 _ BIII~i7less: Merchandising-NationaNty: Chinese _ Chl}ital; Pesos 7,000.00 _ Capital contributed by each pa1·tnel·: Chua Ho, Pesos 3,000.00'; Chan Suy Kim, Pesos 4,000.00 - Manage,.: Chua Ho. CHUA LAY HOCK & COMPANY Head Office: 201 Rosario, Manila-Registered: l\flarch }9, 1936 - Term: Five (5) years, beginning March 1, 1936-B1(.s11Iess: Buying and Seiling "Sari sari" - Nationality: Chinese - Capital: Peso3 15,000'.00 - Ca1>itai cOlztribltted by each partner: - Chua La Hoc, Pesos 3,000.00; Uy Che. Pesos 3,000.00; Lim Yu, Pesos, 3,0'00.00; Chieng Sin Tiong, Pesos 3,000.00; Tiu Cua, Pesos 3,0011,00 -Managenl: Chua Lay Hock and Chieng Sin Tiong.
CHUA LEONG AND COMPANY Head Office: 306 Calle Gandnra, ManilnRegistered: January 8, 1936 - Term: Five (5) years from January 8, 1936 - BU8il1088: General Merchants - Nah'onality: Chinese-Capital: Pesos 30,000',00 - Capital contribztted by each pa.rt7lsr: Chua Leong, Pesos 10,000.00; Chua Chiu, Pesos 10,000.00 Chua TUG Hian, Peso9 10,000.00 Ma11a.gar: Chua Tua H ian. CHUA LOA, SOCIEDAD EN COMANDITA Head Office: Manila, Philippines - Registered: September 2, 1936 - Term: Three (3) years from August 25, 1986 - Business: Lumber MerchantsNat-ionality: Chinese _ Capital: Pesos 80,500,00Capital contributed by each pa.rtner: Chua Loa, general partner Pesos 500.00; Chua Eng Chong, limited partner, Pesos 8,000.00; Chua Kiam, limited partner, Pe~os 8,000.00; E ladio Chua, limited partner, Pesos 8,000.00; Tan Lee, limited partner, Pesos 56,000'.00 - Manager: Chua Loa. CHUA SUT & COMPANY Head Office: 329 Nueva Street, Binondo, Manila - Natio7lality: Chinese - Businus: Wholesale and Retail Chinese Medicines-Established : September 30th, 1937-Ma7lager: Chua Su~apital: PeMs 20,000.00-Capital contributed by each partner: Liu Oh, Pesos 15,000.00; Chua Sut, Pesos 5000.00. DEE C. CHUAN & SONS, INC. Head Office: 16 Cr.llle Soler, Manila _ Nationality: Filipino Principals: Dee C. Chunn George dee Se Se Kiat, Mrs. Gan Tiac, Gan Gio Fan, FrancisC() Gochuico - EstabtiBhed : 1930 Authorized and Paid-in Capital: Pesos 1,100,000.00 -Par Value 0/ S/zares: Pesos 100.0-Age-n ts.' Phil ippi ne Lumber Manufacturing Company - Telegraph Address: Chunn-Codes: Bentley's Acme--T1'ade-lIlarks: "D.C.C."-Ba7lk Refercnces: China Banking Corporat.ion; Nationa l Cily Bank of New York; Philippine Trust Co. H. C. CHUIDIAN & COMPANY
Head Office: 1951·1953 Rizal Ave., Manila-NabiolZality: Filipino--Busincss: Real Estates-Estab· lis/z.ed: July 27, 1933-lnvestcd Olpit.a/: Peso9 20,000.00 _ Tradf'-Mark: "St. Mark Subdivisions" -Principals: Horacio C. Chuidian, General Manager, Principal Partner; Marcelo Garcin, Auditor, Minor P'3rtner-BanJ.· Referfmcc: Philippine National Bnnk-Historid;l/ Note,: This firm now owns about 4-,000 lots (subdiviO'ed) which ha"e been placed on sale to the public, and its present worth a9 of December 31, 1936 is Pesos 90,183.31.
PHILIPPINES
Philippine Lumber Manufacturing Company Sawmill s at Catabangan, Camarines Sur
MANUFACTURERS AND EXPORTERS OF PHILIPPINE HARDWOODS
Operating Agents
DEE C. CHUAN & SONS, INC. WHOLESALE AND RETAIL LUMBER DEALERS
14-30 Soler, Manila Tels. 4-96-83 and 4-88-26
Cable Address:
"MAHOGANY" "CHUAN"
Codes Used: Bentley's & Acme
P. O. Box 474
104
THE COMMERCIAL & INDUSTRIAL MANUAL
CHUNG LIONG 10K AND COMPANY Head Office: 945 Sun Fernando, ManilaReuistercd: August 19, ]936 Te"m: Four (4) yenrs, from October 1, 1935 - Business: General Merchants - Nationality: Chin ese-Capi~!ll : Pesos 6,O(){l.OO Capital dOnt7'ibuted by each pa,rtnc1': Chung Lion 10k, Pesos 3,000.00. Lim Chun, Pesos a,OOO.DO-Manager: Chung Liong 10k. CHROM INA MINING COMPANY, INC. Head Office: Manila, Philippines-Registered : September 28, 1936 - TerllL: 50 yean_Business: Mining, Milling, Concentrating, COllverting, Smelting, 'frenting, Preparing for mo rket, Moanufacturing, Buying, Selling, Exchanging, and othcl'\vise producing and dealing in gold, SilvCl', Chromite. Copper, Lead, Zinc, Brass, I ron, Steel, Asbestos and all kinds of ores, Metals , and minerals-Natio1!aliy: Filipino - Capital Stock: Pesos 600,000.00 divided into 60,000,000 shares of the par value of Pesos O.Ol each-SI/bsc(ibed Ca1)ital: Pesos 120,000.OO-Capital Pnid: Pesos 30,000.00-/'Ilcol"porators and Direc!o )'s: Amando B. Fernandez, J oaquin P ardo de Tavera, Filemon Salcedo, Domingo Lopez, Placido lemon Salcedo, 766 Folgueras, Manila. CITY GROCERY-CHIN PONG Head 0 ff'ice: Baguio--Busines8: Provision Merchants.
Groceries;
CHROMITE DEVELOPMENT CO., INC. Head OJ/ice: 443 San Vicente, Manila-Registered: Oct. 1, 1936 TfH'nt: 50 Ycal's-Business: Discovery, E):ploration, Development and exploitation of minera ls in the Philippine Islands and elsewhere and lhe busi ness of mining in general in all of its phases and branches with all its auxiliaries together with the business which are necessary 0 1' convenient to t he efficient and economical prosecution of the above pUl'poses-Nafoiol!ltlit,y : American-Cu11ital Stock: Pesos 100,000.00 divided into 1,000,000 shares of the par value of P esos 0.)0 each-SllbscI'ibed Calli/at: Pesos 75,000.00-Capital Paid: Pesos '75,OOO.OO - Incorporators mid Di"ecto,'s: Dwight Shouse, Paul Malone, D. O. Gunn, Margaret Hasselmann, Kahlert--Seeretary-Treasurer, Edgar Bond, Manila, p, I. CLARI N IRRIGATION COl'oIPANY H ead OJ/icc: Poblacion, Narvacan, Ilocos S UT, -Registe"ed: Ju ne 12, 1935-T c)"lII: 40 years-Bltsinetll:!: Irrigntion in Nnrvaean, Province of IIoco;; Sur,-National'i ty: FilipinO--Capital Stock: Pesos 10,000,00 divided into 2,00 shares of the par value of Peso~ 5.00 each - Subsc)'ibed Capital: Pesos
2,000,00-Capitat Paid; Pesos 1,500.00-hlcorpC禄"a. tors a1!d Directors : Jose M. Clarin, Dionicio Clarin, Felisa Olarin, TeTesa Clarin, Jose Caballero, Mariano Nartates, Norberto Cabarloc, Leopolci'o Mendoza , Vidal Carbarloc and Manuel Campo, (Dioni. cio Clurin, Felisa Clarin, Teresa Clarin, Vida l Cabarloc end Manuel Campo, are IncorporatoT9 only) - Trea.sw'"e1': J.ose Caballero, Narvacan, IlocOl! Sur. CLARKE & LARKIN H ead Office: 3rd, Floor, Philippine National Bank Building, Manila-NatiollaJity: AmericanBusiness: Certified Public Accountants-Established: 1911-Telegru11h Address: Clarlar. CLUB FILIPINO I NC. DE CEBU, Heall Office: Cebu, P. I.-Renistcred: March 9, 1935-Te)'In: 50 years-Business: To erect and maintain a social house-NutionaUt,,: FilipinoCapital Stock: PeSOs 22,000,00 divided into 220 shares of the par value of Pesos 100,00 each-SlIbscribe(l Capital: Pesos 4,.WO,OO-Copilal Paid: Pesos 1 ,100,00- Incorporators and Directors: Eduardo de la Ros.'I., Vicente Rama, Agustin Jereza, Simon R, Paterno, Buenaventura M, Veloso, Jose P. Nolasco, Gabino R. Veloso, Eduardo de Vargas, Francisco E. Gorcia, Bernardo Teves -and Edilberto 0 1'mena_T"cuSIU路CI': Eduardo de Vargas, Cebu, Cebu, P, I. CLU,B ROYAL
H ead Office: 411 Sales, Quiapo, Manila-Registered: May 16, 1936-Term: 50 years--B1!s ine88: Cultural, Civic and social -advancement - Nationality: Filipino _ Incorpo,'ator8 and Dircc;tors -Fl'aniseo Varona, Miguel Velarde, Jose J, Javellana , Narciso Guison, Juan T. Sll ntos, Conrado Delfin .and Enrique Guison , (Juan T, Santos antI Com'ado Delfin, an incorporators only), MANUEL G. GO CH A Y COMPAt\lIA Head Of/icc: 567 Sto. Cristo, Manila-Notional.ity: Chinese-Business: Cnndle ManufacturersRcgiste)路ed: October 11, 1937-Ca1)itlli: P7,OOO,00Co,l,ital cOI!/I'iblited by each partner: Mnnuel G, Co Chll, 1'500.00; Cua Cbce Yu, 1'6,500,OO- Jlallager : Manuel G, Co Chao CO CREE BOK AND COMPANY Head Office: 10401 Azcarragll, Mllnilo.-R<,giste" ed: January 8, 1936-TeTm.: Five (5) yeaTS be~innill g Janullry 1, 1936-BU8incs8: Mllnufacture of s-acks _ Nationality: Chinese _ Capital: Pesos 15,000'.00-Capital cOlltribulcd by each p<J'Tt11(7: Co Chce Bok, Pesos !J,OOO,OO; Tieng Men, Pesos 3,000.00; Choa Poe, Pcsos 3,OOO,00_Jlana路 ger: Co Chee Bok.
PHILIPPINES CO CHIOCK & CO. Head. OffWe : 1125-1127 Sta. Elena, ManilaRe9istered : January 7, 1937 - Term: Ten (10) year s, from January I, 1937-Busine8s: Manufacrtruring _ Nat'ionality: Chinese-Capital: Pesos 10,OOO.00-Ca.pital contributed by each partner: Co Chiock, Pesos 3,000.00; Co Kiao, Peros 3,000.00 : Chua Yan, Pesos 4,OOO.00--JlIama.ger: Co Chiock.
COLUMB IAN ROPE COMPANY Offiu: Davao, P. I.-Nationalitlu: American-B'usiness: Cordage Manuiacturer&-EslUl.blished: 1922--Telegraph: "Columbi~n"-Codes: All Standard Codes-PrincipaL!: Samuel Fraser, Manager (Philippine); E. F. Metcalf, P.re~denti S. Metcalf, Vice President--Bank References: Philippine National Bank; National City Bankj Hongkong & Shanghai Banking Corporation.
CO LECO & COMPANY Head Office: Manila - Registel'ed: May 17, 1935-Term: Five (5) years fl'om January 2, 1935 -BllSi1iess: To exploit rice mill, Purchase and sale of rice - Na.tionality: Chinese - Capital: Pesos 108,000.00 _ Capital crmtn-ibuted by each pwrtne1': Co Co., Pesos 12,OOO.00j Co (TIta, Pesos 20,OOO.00j Co Leco, PeÂŁos 2,00'0.00; Co Quito & Kaw Ki Too, Pesos 16,000,00; Co Tong, Pesos 12,000.00; Co Yok, Pesos 10,0'00.00: Chua Lun, Pesos 6,000.00; K'<lW Keng, Pesos 8,000,00 ; R aw fJ'im, Pesos 8,000.00; Siy Chiong & Sy Ching, Pesos 4,00'0.00; Siy Oh, Pesos 6,000.00; Siy Na, P esos 4,OOO.00-Manager: Crispulo J, Co Co,
COLGATE-PALMOLIVE-PEET COMPANY Head Office: Chicago-Manila Office: 58 Dasmarinas-Nationality: American-Business: Soap & Toilet Preparations-Established: 180S-Private Limited Company Incorporated in U. S. A .- Teleg)'apk: "Palmolive"-Ba1!k Reference: National City Bank of New York.
CO SETENG & COMPANY Head Office: Manila.-ReOutered: March 30, 1936-Term: Ten (10') years, from March 26, 1936 -B~iness: Manufacturing, Importation, Expomt ion and sale of foodstuffs, medicinal and other e<:arunercial products - Nationality: Chinese _ Capital: Pesos 20,000.00-Capital conflributed by each partner: Eduardo Co Seteng, Pe!;os 17,000; Go Heng, Pesos 3,000,0'O--Ma1Iager: Eduardo Co Seteng,
COMMERCE, INC, Head Office: Maniia-Capital: 1,000 Shares (no value decJared)-Subscribed and Paid-i~! Capital: Pesos 5,000.00. COMMERCIAL INVESTMENT AND MANAGEMENT CORP. Head Office: Manila, Philippines-Registered: November 24, 1935-Tenn; 50' years _ B U8i1U~ss : Investmenw, Finance, Brokerage Natiollality: Filipina-Capital Slock: Pesos 500,000.00 divided into 5,000 shares of the par value of Pesos 100.00 each-SubsCI'ibed Capital: Pesos 210,OOO,00-Capital Paid: Pesos 65,000.00-lnco)'1JOrators and Di"ectors: Pablo S. Sison, Jose Palarca. Leon M. Gonzales Leodegario Alba and Antonio S. Ramos-Trea-. sure?': Leodegario Alba, Manila.
CO TIN Y COMPANY Head Office: 276 Cabildo, Manila-Registe1'ed: April 3, 1936-Tel'1n: Five (5) years from January 31, 1936-Business: Rice and Philippine products-Nationality: Chinese - CapitaL: Pesos 10,000.00Capital contributed by each partner :-Co Tin, Pesos 3,000.00; Co Hlao, Pesos 40,000.00; Co Liong San, Pesos 2,000.00; Co Tong, Pe90S 1,000.00'--Jlfanager: Co Tin.
COMMERCIAL PACIFIC CABLE COMPANY Head Office: 67 Broad St., New York CityManila Office: EI Hogar Building, Juan LunaNationality: American-BuBinoss: Commercial Telegraphy-Private Company I ncorpor ated in U. S. A. -Clarence H. Mackay, Pres. New York City-V. C. N. Morgan, Manager Manila Office---Bank R efc)'ence: National City Bank of New Y01'k.
COCO GROVE, INC. Head Office: Manila-Nationality: Filipino-Business: Gold Mining Co.-Established: 1935Authorized Capital: Pesos 1,500,000.00 j _ Paid-in Capitah: Pesos 937,500.00-Pwr Value of Shares: Pesos 0,10-Directors: H. P. L. Jollye, Geo, C, Dankwerth, A. Beckerleg, T. M. Jordan, S. J. Wilson,
COMMONWEALTH BROKERAGE & I NVESTMENT CO" INC. Head Ofl,ce: Manila, P. I. _ NationaHty: io'ilipino Business: Investment and Financing Compnny-Estltblished: September, 1936 _ Antho~ rizell Capital: Pesos 2,OOO,000.00-Paid Up Capi.. tal: Pesos l ,500,000.OO-Par Vallie of Shares: Pesos 100.00 - Teleg)'(J/ph Address: "Commonwealth"
106
THE COMMERCIAL & INDUSTRI AL MANUAL
Codes Used : Bentleys-Bmnch. Office: Baeolod, Dec. Negros - Principals: LId. Coscollueia, Manager, N. I. Misa, As~t. Gen. Manager; Directors; Nicola s Antonio A. Li1.81'CS & N. I. Misa-Agencies: TId. Coscolluela & Co., Jose Felix & Co.-Bank Reference : Philippine National Bank. COMMONWEA LTH CI NEMA COMPANY H ead Ollice : 87 Gral. Luna, Manila-Registered: July 5, 1935-Term: 50 years - Business : Producing motion and talking motion pictures -and marketing; Exhibiting motion picture~ and talking motion pictures - Natio11lllity: Filipino---Capital Sto ck: Pesos 49,000.00' divided into 4,900 shares of the par value of Pesos 10.00 each_SubsC1-ibed Capital: Pesos 25,410.00 - Ca sh: Pesos 200.00; Propel'ty: Pesos 25,OlO.OO-!1te<wpol路aton and Di"eeLors: Frederic ~ A. J efferson, Vicente G. Guerrero, Gerardo G. Concepcion, Anacleto Baula and Rizalina Guerrero - T)路 ca.suTcr: Vicente G. Guerrero, 1041 Soler, l\1ani)n.
COMMONWEALTH COCONUT PRODUCTS, INC. Head O//iee: 107 Crystal Arcade Building, Manila-Nationality: Filipino-Business: Manufacturers of Coconut Oil, etc.-Registered: October 20, 1937-Capitut Stock: P200,OOO.00 divided into 200 shares of the par value of Pl,OOO.OO each-Snbscribed Capital: P40,000.00- Capital Paid: PIO,OOO.OObtCOrl)Oratol's: Ramon Lontoc, Ismacl Golez, Anacleto Polillo, Ricardo U . Lontoc and Donata Yusay. COMMONWEALTH COMMERCIAL CO., I NC. He,ld Ol/iee: 305 Bustos, Ste. Cr uz, ManilaEstabl'ished: 1924 as Aragon Brothers-Regi8tered: September 14, 1935-Tcmll: 25 yearsPaid Pesos 10,200.000-AUcm cie8: Bancroft Co. Inc. of Pawtucket, Rhode Islands, U. S. A. Alexander P atent Racket Co. Ltd., of Ncwstead, Launceston, Ta smbania, Austl'alia-Di)'ectol'S: Mrs. Elizabeth Y. Viola, Mrs. Paz V. Viola, Dr. Jose P. Viola, Dr. Aurelio Gonzales, Rafael Viola. Manager, Rafael Viola-Ballk Re/el'enee: Philippine National Bank.
COMMERCIAL UNION ASSURANCE COMPANY, LIMITED Balance Sheet For The Year Ending December 31st, 1936 ASSETS Rcal EstaTC owned by the Compan)' . . . ...... $ 6,665,855.10 Loans on Bond and Mortgagc ........... .. .. . 2,134,294.85 Intercst duc on said Bonds and Mong;lge Loans . 2,435.90 Stocks, Bonds, ctc. owned absolutdy by thc
Ot~~t;a~'s"~~ . M~~~ ' ;8~~ ::: ::
49,O;~:~?!:~
LIABILITIES Capical actually paid up in Cash ............ S 17,700,000.00 Surplus beyond Capital and all othcr lillbilitics. . 68,664,491.67 Ncr amount of unpaid losses.. .. .. .. . . .. .. .. . 5,596,682.87 A~oun~ rcquired to safcl y rcinsurc all outstand路 Ing riSkS. . .. .. .. .. .. .. .. .. .. .. .. .. .. ... ...
10,964,934.70
Loans upon Pcrsonal ~curity.. . . 21,940.96 Cash in Oflicc and Banks. 8,OOO,O}6.69 Premiums in course of colkccion. 5,387,642.79 Bills receivable, no c matured . . ....... . 19,759.10 All ocher Property belonging co the Company ... 177,220,905.9}
Ocher Lbbil itics undcr the Life Assurancc Dcpt ... ... . ........................ .. .... . 127,109,7040.62 Nct prcmium rcscrvcd and all other liabilities undcr thc l.easehold Redcmption llnd Sinking . ... 5,62},66O.61 Fund Account. . . .. . . . .. . . .. .. .. Cash Dh'idcnds to Shareholders and dcbenturc 63,857.98 stock, rcmaining unpaid . . ........... . All other dcmands against thc Compan)' 12,895,948.75
$248,619,317.21
$148,619,317.21
COMMONWEALTH COMMERCIAL CO H ead Office:
305 Bustos, Sta. Cruz Manila, Philippines
107
PHILIPPINES COMMONWEALTH F I NANCE CORPO RATION Head Office: 518 Misericordia, Manila.-Regis. tered: August 7, 1936--Term: 50 years-Business: F inance, Manage and Operate Development Projects-Nationality: Filipino-Capital Stock: Pesos 1,000.00 divided into 10 shares of the par velue of Pesos 100.00 each-Subscribed and PaM.-in Capital: Pesos 1,OOO.OO-hlcoJ"poratoTs and Directors: Ra-
fael Crame, Jr., B. A. Daza, Henr.y Herman, Andres S. Nicolas and Miguel F. Trias-Treasw'cr: Henry Herman, 202 Park Avenue, Pasay, Rizal. THE COMMONWEALTH INVESTMENT CORPORATION
Head Office: 109 Plaza Sta. Cruz, ManilaReoiste1'ed: March 13, 1936--Tc1'm : 50 years-Business: InvEcstment Broke.rs--Natio·nality : Americar, -Ca.pital Stock: 200 shares without par value all of which shall be designated as common stock without par value-Subscribed Capital: Peso~ 200.00Capital Paid: Pesos 50.QO-I1tCOTporatOTs and Directors: J. E. H. Stevenot, Theo. L. Hall, J. S.
TRAVEL SPEED
r,
•
V IA
Galvez, 1. J . Reyes and A. Tampa ran-Trcasurer: 1. J. Reyes, San J uan del Monte, Rizal.
COMMONWEALTH MI NI NG COMPANY, INCORpORATED Head Office: City of Baguio-Rcgistered: August 29, 1936---Term: 50 years-Business: Mineral Claims-National.i ty: American-Capital Stock: Pesos 60,000.00 divided into 120 shares of the par value of Pesos 500.00 each-Subscribcd Capital: Pesos 33,000.00-Capital Paid: Pesos 10,850.00-h!corporntol'S and Direct01's: J ohn Rudquist, W, B. Murphy, Ramon p, l\fitra, N. S, Drepin and Wayne E. Rutty - TI'ea stfrer: Ramon p, Mitra, Baguio. COMMUNI TY INVESTMENT AND FINANCE CORPORATION Head Office: Crystal Arcaoe Building, Manila -Registel'ed: Septem\JPl' 23, 1936-Tenlt: 50 years - Business: General Agency, COmmission, Investment, Promotion, Brokerage, and Stock brokerage business - Nationality: Filipino-Oapital Stock; Pesos 500 ,000.00 divided into 500,000 shares of the
MARITIMA SERVICE
&
COMFORT
•
ECONOMY
THE COMMERCIAL
108
&
INDUSTRIAL MANUAL
value of Pesos l.00 each-Subscribed Cal,ital: Pesos 130,aaO.OO-Capital Paid: Pesos 80,OOO.OO_Incor. porators and Directors ; Martin Gonzales, Justo Arrastia, Alejandro Lopez, Longinos David and Fr.nncisco S. Layug-T'rerulltrel'; Longinos David, 314 F ortuna St., Pasay, RizaL THE COMMONWEALTH SA LE S CO., I NC. Head Office: 2nd, Floor Fernandez Building, 124 T. Pinpin-Thi s company was incorporated by C. W. Rosenstock in 1934-Authorized Capital: Pesos, lO,OO'O.OO-SubsCl"ibed and Paid Up: Pesos 2,000.00 -Bus ines8 : General Importing; manufact.uring Toilet A\,tides a nd Perfumery- Boa?'d of DirectO~'8: C. W. Rosenstock, President M. R., F ernandez, Trcasurcr; D. B. Gallardo, Sccrctary, p. S. Crovat, Director, A. Siefkin, Director. COMPA RTA GENERAL DE TABACOS DE F ILI PI NAS H ead Office: Barcelona, S pain _ Manila. Office: 212 Marques de Commas, Manila, P.I.Branches : San Fr.:mcisco, New York, London, Paris, I:!tc.j Philillpine Towns Nationality: SpanishBusiness : Tobacco Manuf'3.cturer~ and Merchants -Principals : Jose Rosales q. dc Bustillo, Antonio V. Correa, Vice-Di rector, Car'os A. F er randiz, Vice-
Director-Ad11tinistration Get/cl-a! I n Manila: An· tonio V. Correa, Administrador General; Carlos A. Ferrandiz, Administrador General; J orge E. Weber, Admini:!'trador Generel; Lorenzo Correa, Sub-Admor. Gcneral; Adrian Got, J efe Industl'inl; Federico Perez, Jefe Commercial; Manucl Gonzales, J efe Administrativo; Carlos H. Davies, (Signs per pro) ; Antonio Rosales, (Signs per pro); Ricardo Descais, (S(g"ns per pro) ;--AgClliS for: Campania Exportadora Espanola, Spain; A s~icurazi on i Generali, Italy; Phoenix kssurance Co., Ltd., London; Osaka Shosen Kai sha, J apan; l\taersk Line, Denmark; Azucarera de Basis, Basis p, I.; A2ucareru de Tar· lac, Tarlac; Tabacalera Steamshi p & Commercia l Co., Manila- Tolegraph. Address : Tabacalcra. CO MPAfHA MAR ITI MA H ead Office: 109 J uan Lun.tl, Manila - - Na . tiona/illy : Filipino-Business: Shipping-E stabli.!lh. ed: 1896 - Authorized Capital: Pesos 3.000,000.00 - Paid Up Capital: Pesos 2,80(J,OOO.00-Par Vatu<! of Shares: Pesos 100.00-Annual Tu rnover: Pe~os 6,OOO,OOO.OO*-Rcscl'"Ve: Pesos 400,OOO.OO-Dividcnd: 1937-~ % - Tcle9raph Address: "M aritima"-Codcs : Boe, Acme, Bentley's Second, A.B.C, 6th-Principals: L. M. Heras, President ; J. P. Fel'nandez, VicC!-
THE CONNECTICUT FIRE INSURANCE COMPANY Hartford , Connecticut Eighty-seventh Annual Statement January 1, 1937 ASSETS United Stales GO\'crnmcnt Honds . Other Government and Municipal Bonds . . Railroad Bonds.. . . . . . . .• . .. Public Utilit y nonds .. Miscellaneous Bonds .. . . . . . ... . ... . .. .. Railto l d S[Ocks ... . ..... . . . . . .. .. Public Util ity Stocks .. Bank Stocks .. Miscellaneous S[Ocks .. . . . . . ......... .
S 5,86),000.00 1,680,960.00 2,087,)10.00 2,897 ,400.00 309,570.00 1 ,216,550.00 1,501,150.00 691,615.00 2,579,)13.00
UABILITIES .. .. . . . ,. $ 4,981,952.93 Rcsen'e for Reill$urancc:. . . . 644,089.5) Reserve for Outsu!ld i n~ Losses . ... . 579,060.51 Rc:ser \'e for a ll oth er Ll3bilities . . . . $ 2,000,000.00 Cash Capital. Net Surplus 14,589,071.08 16,589,071.08
*To tal Bonds and Stocks .. $18,826,868.00 Mortgage Loans.. 709,956 07 Interest A(nued ...... . . . ..... . 123,101.90 Cash in Offices and Banks . .. ... . ....... . ... . . 2, 344,456.24 Premiums in coursc of colhxdoll ( under ninety d ~ ys) ....... . . . . . ... . ....... . ... . . . . ... . . . 784,738.45 Reinsurance Due on Paid Losses. 5,073.39 Total Assets ..
$22,794, 194.05
· At Market V~lues of De,ember )1, 1936.
M. CARRION SlIb-Agml 01 MJ:niln
$22,794, 194.05
PHILIPPINES President; J. L. Mateu, Seoretary; F. Borromeo and C. Rodrigucz-B1t'1mite8 : Ccbu, iloilo, Zamboanga, Dnvao, Cotabato, Tacloban-Bunk References: All Manila Banks. CONNELL BROS. CO., LTD. Head Office: San Francisco--Manila Of/ice: Insular Life Building, Plaza Moraga-Bnmcftes: Shanghai, Tientsin, Hongong, Singapore-Nationality: American-B1(siness.' Importers and Exporters of Food Products-Established: 1900 under the Laws of the States of Washington and taken over by the present Company in 1931-Private Company Incorporated in Nevada-Bank Reference: Hongkong and Shanghai Banking Corporation.
CONSOLIDATED CHROMIUM CORPORATION Head Office; 308 Ma::onic Temple, ManilaRegistered: June 15 , 1935-Te,·,J1.; 50 years-Business: To locate, Pur chAse, Lease, and otherwise acquire mineral claims anywhero in the Philippine Islands, and to explore, develop and mine said claims and the minerals therein of whatever nature _Nationality: Filipino - Capital Stock: Peso~ 250,000.00 divided into 2,500,000 shares of the par value of Pesos 0. 10 each-S'ubscribed and Pwid-in Capital: Pesos 100,500.00; Cash.: Pesos 500'.00; Mineral Claims; Pesos 10'0,000.00 - /ncO)·lX!rat&TS and Directors: T homas A. Lynch, G. C. Javier, John S. Gillies, Jose G. Pardo, Jose P. Roxas, Restituto Yuson and Bonifacio Purificacion. (Restituto Yuson a nd Bonifacio Purificacion, are incorporators only)-Treasnrer: Restituto Yuson, 381 Bimasalang, Man ila. CONSOL IDATED FARMERS OF OCCIDENTAL NEGROS, I NC.
Head Office: Bacolod, Occ. Negros-Nationality : Filipino-AuthOl-ized Capital: P esos 100,000.00 -Subscribed Capital; P esos 20,000.00-Paid-in Capital: Pesos 5,000.00. CONSOLIDATED INVESTMENTS, I NC.
Head Off1·ce: 502 E stero Cegado, 2nd Floor, MaMal·ch 13, 1937-Capital: Pesos 2,500,000.00 at par value of one centavo per sharePrincipals: John W. Haussermann, President; Alberto Barretto, Vice-President-DirectOI's: Vicente Aldanese, Claudio Aldecoa, Geo. R. Harvey, F. O. H aussermann, M. Kraut, Juan Riu, J ose E. Romero. nila-Regist~u·ed:
109
CONSOLIDATED MI NES, I NC. The report of Mr. George O. Scade, Chief EIIgineer, containing a resume of activities and progres!! during the year, is submitted her ewith. Our Tumbnga 'gold property in t he Paracale District is now nearing the point of production and we confidently expect that before the end of this year, we 9hall have .added to the growing list of operating m ines in this country, an important gold producer which will be a model of its kind. Gold River and King Solomon-Shevlin Group are responding very satisfactorily to our development progl·am. OUI" work at Gold River has revealed hitherto unsu~pected possibilities, and prospects for rehabilitation of mine and mill ap pear quite favorable. Resuming the work where it was discontinued at a structumlly unfavorable point, the principal vein in the K ing Solomon-Shevlin Group has grown progressively stronger and we now entertain reasonable expectations of developing commercial ore. Mr. Searfe has devoted the greater part of his space, necel!sarily lim~ted ill a report of this nature, to our chromite deposit '<lot Ma9inloe. Th e property is under operating contract with Benguet Consolidated Mining Company, which has devcloped the ore body and constructed production facilities. Although Benguet is contractually obliged to per form such functions, (under Clause 11 of our contract of July!), 1934), Consolidated Mines, keenly alive to the importance of t..'lking full advant1lg(} of existing opportunities, Sent members of its OWll staff to the United States to lay the founda t ions for introduction of Masinloc ore into the several chrome industries. Mr. Searfe, ably assisted by Mr. Bryan, perl!onally conducted investigat ions, s upervised tests and contacted dealers and consume.rs. Negotiations with such consumers were subsequently conducteo.' succeSSfully by Mr. Whitney, resulting in the execution of fir'm orders covering extensive an:d recurring shipments of the ore to· gerve the requirements of the refractory indUstry. Thus it was solely through t he efforts of your officials and technical s-taff lthat Masinloc chromitc. is now firmly entrenched in the latter industry and that the way has been paved for entry into other chrome fields. Mr. SC~l.l·fe is convinced t hat our Masinloc deposit is destined to becom~ the most important as wen as the most extensive mining operation in the P hilippines. The recent his:tory of the chromium industry, even dUring depression yeal·S, has heen
110
THE COMMERCIAL & INDUSTRIAL MANUAL
one of expansion. Present world industrial and political conditions. together with rapidly diminish路 ing world reserves of highgrade chromite, have created unprecedented demand for new source:;. of supply. Our Masinloc deposit is the largest and potenti'<!.l1y the lowest-cost chromite operation in the world. It is difficult to conceive of conditions more ideal or time more opportune for successful introduction of our ore into the !everal chrome trades. A highly satisf.actory start has already been made in the refractory industry and proof has been furnished of the suitability of our ore for use in the metallurgical and chemical fields.
steadily growing interest in the affairs of your Company. STAFF
Convinced that best rC9Ults and true economy could be obtained only through attracting to the sel'vice of t.he company the best men obtainable in their several fields of endeavor, it ha!! been our invariable practice to engage for key positions, only men of outstanding calibre and reputation, whose native ability has been tempered and enriched by years of active nnd varied experience. Adherence to this principle severely handicapped our early We propose to !!'ee that thege advantages con- operations as it resulted in slow building and in tinue to be pressed to !the utmost and, to such end, temporary shortage in per~onne1. At the present writing, our sta ff , augmented by technical consulshall spare neither time, labor nor expense to intants of the Scarle Engineering Corporation, is sure the consolidntion of gains already made in functioning smoothly and efficiently and constitutes the refrnctory industry and t hat the steps yet to one of the best staffs to be found anywhere. be undertaken in th metallurgical and chemical inAt the head of our technical staff is Mr. George ilustries be pursued , ith equal aggressiveness. O. Searle, whose comprehensive knowledge of the It will interest stOckholders to know that we geology of thi~ cou.ntry, the Benguet District in have recently carried on >J'Iegotiations with Benguet particular, is well known to everyone interested for the purchase of the latter's interest, growing in lqcal mining and which is typically exemplified by out of the operating contract, in t he Masinloc chro- developments now in progress at Gold River and our mite deposit. These negotiations have thus far been other properties. Mr. Scnfe is ably assisted in his geological investigations by Mr. E. H. Wis~er, forunsuccessful. merly Chief Geologist at PachuCB. and by Mr. John Payne, Jr. The technical advice and close cooperF I NANC IAL ation of our Vice-PreSident, Dr. V. Eleano, has been The audited Balance Sheet of the Company, invaluable in prosecuting this important work. .. _ reflecting a sound finnncial position, is attached R. P. FLOOD, Chairmall, Board 0/ DirectoTB hereto. Courtney Whitney DUring the year, the Company -released to stockPresident holders one new share of .stock for each five shares To the PrCS'ident and Boar d of Directors Conheld at a cost to them of Two Centavos (Pesos 0.02) solidated Mines, Inc., Manila, P. 1. per ~ hare, a price wen below the then market value Gentlemen: I have the honor to submit the of t he shares. The new issue was fully subscri bed following report covering the princi~l operations a nd ,yielded Pesos 1,235,693.74 to the Treasa.ry. and activities of CO:lsolidated Mines, Jnc., for the With Masinloc now in production, erection of Q past yeBT. mill in progress at Tumbaga, and other projects l.-Benguet. Consolidated Mining Company hl favorable position, fund~ on hand should be more continued to develop the company's Ma!inloc Chrothan sufficient to carry our present development mite deposits, situated in the Province of Zamprogram of completion and evc'.ll to extend the scope bales under the operating ngreement entered into of our activity should same be deemed advisable. on July 9. 1934. The work consisted principally In passing, it will be of interest to observe that in construction of transportotion and port facithe number of stockholder s of Consolidated Mines lities, erection of a crushing plant to supply si:-oo hns. steadily increased since organization of the mnt.erinl to the refractory trade, and preparation company. From the mere handful that answered of deposit for mining. Consolidated Mines, Inc., sent members of it's the roster a.t the organiwtion meeting in th~ latter part of 1934, 2,500 responded in 1935, 3,500 in staff to the United States for the purpose of inV!!51936, and over 5,000 in 1937, t hus demonstrating tigating market conditions, negotiating contracts,
PHILIPPINES and the investigations of the amenability of 1'.1adnloc ore to metallurgical Rnd chemical treatment. 2.-Continued exploration of the Tumbaga Gold Mine in the Parocale District. Preliminary exploratio!l on ,t he 100 Level was decidedly favorable resulting in the decision to properly equip the property to permit efficient and thorough explora-
111
tion at deeper horizons. It was also decided to place order for milling equipment for a IOO-ton per day unit, which can quickly and cheaply be expanded to 200 tons per day should future development warrant the increased tonnage. 3.- Examination, followed by the initiation of exploration of the Gold River Mine, in the Baguio
CONSOLIDATED MINES, INC. Condensed Balance Sheet, December 31, 1936 ASSETS Current Assets: Cash in banks and on nand.. 1" 245,494.08 Accounu receivable... ....... 1,738.12 Inventories (a t cost, not vcei路 6ed as to quantitics).. 24,835.65 Total current assets ... l' 272,067.85 Guuantcc Deposits. . . ... ". \ ~ .. 360.00 Notes Receivable .................. , ., ., .... . 40,695.48 Invcstments (Corporation's net equity ,based on market value, 1~1,143,812.28). ......\ .. .... . 1,100,000.00 Fixed ASsets: Mines and mining property.. 1>2,515 000.00 Equipment, furniture and fix路 \ P 85,707.62 tures, etc......... !.to-Reserve for depreciation . 15,409.86 70,297.76 Land Leucs ... 12,191.20 Total fixed asseu .. 2,597,488.96 Deferred Chuges: Organization .... 1>13,317.62 Exploration..... 105,180.51 Miscellaneous developments.. . . 385,199.69 Development contracts.. .. .. .. . 13,217.87 Leases of mining and operating 36,050.00 rights.. .. .. . . . General expenses. 216,941.26 Miscellaneous.... 5,541.21 Total deferred cbarges ..... 1"775,448.16 !.tn-Miscellaneous income .. 46,404.42 729,043.74 Total. 1~4,739,656.03 Con'olidaccd Mines, Inc.: We have made an examin:uion of the balance sbeet of the Consolidaccd Mines, Inc., as at December 31, 1936. In connecdon therewi~h, we examined or tested accounting records of the corporation and other supporting evidence and obtaiOed information .and explanations from officers and employees of the corporauon; we also made a general review of the operating
LIABILITIES Current Liabilities: Accrued wageS ..... Accounts payable ..
.. .. f>
77.50 309.79
- --
Total current liabilities... l' 387.29. Capital Stock (No t verified): Authorized, 500,000,000 sharC$ at 1 centavo each; issued and oucst:mding 412,104,687 shares................... :P4,121,046.81 Capital stock subscribcd120,000 shares ... 1'1,200.00 Lrs.s-Unpaid subscriptions.. 825.00 375 .00 4,121,421.87 Capital Surplus: Premium on sale of capical stock ..
617,846.87
Total.
and income :lecounts for the year, and submitted a report tbereon. but we did not make a detailed audit of the trallsactions. In our opinion, based upoo sueh examination, the above condensed bal:lI1Cc sheet fairly presents its position at December 31, 1936. Manila, P. I. April 24, 1917.
(SIGNED) CLARKE", LARKIN
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THE COMMERCIAL & INDUSTRIAL MANUAL
District, under a profit-sharing contract with tha Gold River Mining Company. By the terms of th" contract, Consolidated will receive 65 % of the net profits after reimbursement of expenditures, in the event commercial OTe be discovered and milled. A study of the geology indicated the possibility of the existence of :1 vein on the Supsing !:ide heretofore unexplored, having mincraiogiclli and structural characteristics comparable to fome of the best Ol'e producing veins of the district. Subsequent crosscutting on the 700 Level proved the correctncss of the latter conclusion. The vein was di scovered where expected and some erratic phenomenal, values encountered. The vein was cut at a point nearc!!t to the face of the 700 Drain Tunnel altbough structurally not the most f-avorable locality for an oreshoot. Drifting iz now in progre.9S on both the 500 and 700 Levels. 4.-Examinat.ion and initiation of development of the King Solomon-Shevlin group under the terms of a profit-sharing cont n.ct, whereby Consolidated will receive 70 % of the net profits, after reirooursement of expenditures, in t he event commercial ore be discovered and treateii. A contract wa~ arTanged between King Solompn Mining Company, through the efforts of Consolii:lated, whereby a consolidation of the two propellties hag been effected and which will be operated by COIl'!olidated in accordance with the above ment ioned contract. Work was stal路ted drifting on the Calabcaban vein from Lusong Crosscut No.2, within Shevlin gl路ound. The structure and mineralization -are much stronger on this level than where expored above in King Solomon 4300 Level. Indications are favorable for the discovery of commercial ore. 5- The Acupan and Zigzag properties, in t he Baguio District, were taken over under profit-sh-aring contr acts whereby Consolidated will receive 70 % of the net profits aIter reimbursement of expenditures. A promising vein in Acupan, heretofore unexplored, is being actively developed. Geological conditions on the Zigzag property arc romewhat complic:>.ted and are still being studied. 6.- Exploration of the Mancasay Group of Gold Clailll.9 in the PUTUcaie Di;;trict has been delayed due to conflicts of tide. 7.- Investigaton of the Capucan Gold prospect in the Paracale district and .t he l\Iang?nes~ claims in Antique Province, resulted in the decision to return Lhe!!e properties t o their owners. S.-During the year a number of gold, copper,
chromite und manganese porp~rties were examined, none of which justified further investigation, except as above noted. 9.-Detoiled studies of the geology of the Ba路 guio a nd Paracale Districts have been initiated, Heretofore no Sl:;riOUJ; detailed work of this nature, involving the correk.tion of conditions associated with ore depo!>ition. has been attempted. An understanding of these relationships will be of value in developing the properties now under option, and in work which we may hereafter undertake. Comment in detail on the foregoing activities is as follows: MASINLOC CIiROMITE DEPOSIT Efforts were principally directed toward completing the construction necessary to place the prGperty in the operation, the investigation of marketing conditions, negotiation of contract, and experiments to determine methods for the utilization of the or e in the refractory, chemical~ and the metallurgical industries. In order to expedite bringing of the propert.y into production, Consolidated Mines, Inc., sent members of its staff to the United St.'\te!! to carry on the preliminary investigations necessary to be made there, Altlhough the absence of a part of Consolidated staff worked a hardship on the latter Company. and curtailed our other operations in the I slands, it was considered to be to the best interest of our stockholders to inSure markets for the ore, once the property is ready for production, and to secure the preliminary data neceS9ary for placing the ore in industries other than Tefrnctory. As a result of our efforts:. substantial contracts wore concluded and Masinloe ore firmly established as a refractory material in a manner beyond expecData were assembled which clearly inootions. dicate the next steps to be taken for utilization of Part of the expense of these investigationt wall the ore in the metallurgical a,nd chemical industTies. bonne by Benguet. Following is a summary of the work performed by the Benguet Consolidated Mining Co. ROAD CoNSTRUCTION
On completion of mine o'evelopment in 1936. resulting in placing 10,000,000 tons of ore in sight, a study was made of the various methods of transportation which may be utilized from the mine to the coast. A decision was reached, in collaboration with Consolidated engineers, to build a first class hiR"hway, five meters wide, on a railroad grade, which would permit hea\'y large-capacity truck hauling.
PHILIPPINES The location was to be such that if, at some future date, production exceeded' economical truck hauling, rails could be laid on the road grade, at minimum expense, and railroad transportation initiated, About the beginning of 1936, a detailed survey of such a road was commenced and construction started during the month of April. The unusual typhoon of October 9, 1936, in which 25 road constractors lost their lives, causeo' a delay of about 21 days. Aside from tlhe foregoing interruption, work proceeded continuously. At the present time, excavating and subsurfacing is comparatively short time. The road is in such shape, however, that ore haulage has already commenced. STORA.GE BI NS AT THE PIER
A 6,OOO-ton storage bin has been constructed at the wharf terminal of'the road. The bin is provideo' with two compal1;ments for lump and sized ore. The ore will be discharged through a series of chutes in 2lh-ton tubs in a tunnel below. The tubs will be trammed to the wharf head on a level track, a distance of about 900 feet. The track and wharf have been so placed t'hat if the volume of business ever warrants the' installation of conveyor belt transportation from the storage bin to the ship, such transportation can easily be installed. WHARF
The wharf consists of a rock causeway 420 feet long, followed by a concrete pile trestle 260 feet long with a concrete pile wharf head in 35 feet of water at low tide. The whole \vill be decked with concrete and will be a permanent structure which will permit single hatch loading at a minimum rate of 1,000 tons per 24 hours. Double hatch loading can be provided for at a minimum expense. The wharf site is well proteeteQ' against typhoons at all seasons of the year. The wharf is now practically completed and is in such condition that shipments can proceed without interruption due to construction. CRUSHING PLANT
In ord'er to deliver a sized product required by one of our customers, it was necessary to construct a crushing and sizing plant. The plant is located at the junction of the roads leading from the main mine workings and from the float ore area, so that delivery can be taken from either place. Benguet reports the plant will deliver 150 tons of minus 3 mesh plus 10 mesh material per eight-hour shift,
113
and be in operation about the midci'le of l\1ay, 1937. GENERAL
Benguet's investment during the year was Pesos 409,041.86, bringing the total up to Fesos 619,574.40 to December 31, 1936. It estimates that the final cost will probably approx.imate Pesos ].000,000.00 before any income is received from the operations. The first shipment took place on May 6th when 1,450 tons, all the space available, was loaded. Benguet advises that 5,000 tons of lump and size ore will be loaded on June 1st, 5,000 tons on J une 20~h, and that shipping space contracts have been signed for regula!' monthly shipments thereafter. Benguet also advises that a contract has been closed with a Japanese firm lor 3,000 tons of ore wihch will be in the nature of a trial shipment. A report on the investigation of Consolidated engineers was fumisheo' stockholders of Consolidated und~r date of October 22, 1936. A summary of the report follows: The object of the investigation in the United States was to verify certain favorable r esults reported by an independent investigator, relative to the amenability of Masinlort ore to metallUrgical treatment, and to investigate conditions pertaining to its marketing. Large scale checked the conclus ions perviously repor ted that ?路r asinloc ore can be smelted in an electric furnace with the production of various classes of ferrochrome at a cost per. pound of contained chromium equal to or less than that produceo' from high-grade ore. Exhaustive tests, both by ourselves and lal'ge consumers, proved the ore to be exceptional refractory material because of its high melting poim, chemical compOSition, and phYSical characteristics, such as hardness, size of grain and texture. As a matter of information, high chromic Gx.ide content is not an essential requirement for refmctory chro_ mite providoo high alumina, AF03, be present, which is the case with Masinloc chromite. A numbel' of test were made investigating the commerciability of producing sodium chromate and pure chromic oxide, with marked success. It was founo' that because of low cost which will permit Successful competition with those produced from highgrade ore. As a result of our investigations, four patents were applied for in the United States to protect us in the case of patentability of some features dis-
:U:...4'---_ _ _ _ _ _..:T::.H.:: E...:C:.:O:.:M .:::MERCIAL
&
covered in the course of our experiments. For all practical purposes, consumption of chromite in the United States is divided among the three principal consuming industries in the proportion of approximately 45 % each to the Metallurgical and Refractory Industries, and 10 % to the Chemical Industry. Refractory . . . . . . . . . . 112,500 Tons Metallurgical 112,500 Tons Chemical 25,000 Tons The world's conswnption in 1929 amounted to GOO,OOO' tons, the peak u to that time. 1935 set a new high indicating a large increa3e in chromite consumption. No figures arc yet available for 1拢11(;, but a s tlhe so-called heavy industries, which absorb practically all of the chromite used for both metallurg ical and refracJory pw'poses, remained dormant in the present cycle\ of business recovery until the later part of 1935 ana have since st C!adily accelerated their a ctivity, chromite consumption in 1936 is cert ain to show correspondi g increa se. 11; is the unan:mou s 6pinion ... ( : hOliC best qualified t o judge that the chrome bus iness is in i't.s infancy with probable large expans ion in the near ~t ure. I believe that because of its characteristics, its uniformity, and the guarantee of continuous steady supply which can be given conswners, that it will become the standard of refracfury chromite for the worlol. Negotiations are now under way with the largest manufacturers of refractory materials in the United States to supply their entire requirements. Th is, together with contract already signed, insures a large percentage of the United Stales refractory bus iness being supplied by Masinloc ore. In a comparatively short time, a similar position s'hould be held throughout the world. Up to the! time of our entry into the American mark et, ore for refractory purposes was derived from various parts of the world, with strong interests more or less controlling the main sources of suppl ies and prices. We found that the greater part of raw refractory chromite is purchased by a few concerns who furnish ultimate consumers with lump or sized ore, or various refractory products, such a s bricks, cement, elc., as oes ired. DOing business on a large scale, they naturally had arranged their sources of supply well ahead of requirements by mean s of contracts or actual ownership of mines. We are, therefore, confronted with competition with ore well established in t.he trade and informed that we must meet prices and costs, in some cases, below our own cost of delivery on the Atlantic sea-
INDUSTRIAL MANUAL board. Initially our object was to determine the refractory characteristics of the ore which we accomplished by inducing certain of the principal refractory manufacturers to make large scale tests. On completion of the test s, we were suadenlY sought after for contracts on a price basis well in advance, 50 to 100 % , of the prices we had pre\'iously been informed we must meet. The ore practically sells itseU for refractol'y purposes upon proper presentation. The reasons f e l' this are: The large size of the depos it, which insures regular s hipments over a long period or years. Uniformity of grade and chal'acteris tics and the unusual chemical and phYSical characteristics, which made it exceptional refractory material. Consumption of chromite in the refractory ind.ustry in other parts of the world although less, in proportion, than that in the United States should al so provide some considerable outlet for Masinloc or e to be used a s refractory. The net result of investigations and negotiations in th~ Uniteo' States has been the film establishment of M'ns inloc orc in the refractory business and the demo,nstration, insofar as comparatively small sl'al..: tests can go, of the amenability of the ore to successful metallUrgical and chemical treatment. On completion of the experiments and investigations, a report was submitted to Bf! nguet Consolidated which contained a resume of all data and information a ssembled and definitely recommenaed and urged the immediate construction of a smaU, commercial scale, pilot plant in the United Stales for the prodUction of ierrochrome, and a small, commercial scale, pilot plant in tlhe Philippine Islands for the production of chrome chemicals. TUMBACA The Tumbaga Mine was actively explored on the 100 Level during the year. This work disclosed. an oreshot to the shaft, 280 feet long, which averaged $15.29 over a width of 3 feel AdQ'itional short shoots were encoWltered in drifting to the south of the s haft. Rais ing on the oreshoot to the north clearly indicated a weakening of the structure toward the surface for definite geological reasons. A winze was sunk on the oreshoot to a depth of 30 feet. In the bottom路 of the latter, the vein hnd widened to 4- % feet with an average content of l-oz. The winze could not be sWlk deeper because of the considerable amount of water encountereo' but a narrow hand of ore in the bottom of the 'winze on tihe footwall , 8, wide, assayed 21 oz.
PHILIPPINES A parallel structure was enCDuntereo in the hanging wall which showed commercial values over minable widths. The ore encountered on the 100 Level is primary and is of the mesothermal or intermediate depth type of mineralization. Such mineralization may reasonably be expected to obtain over a considerable vertical extent. The country rocks of the vein on the 100 Level and at the suriace, are not particularly favorable for the formation of strong veins. A study of the stratigraphy in the area ino"icates the probability of encountering more favorable formations at slightly greater depths. It is therefore reasonable to expect a continuance at least of conditions en-
countered on the 100 Level;
as a matter of fact,
there is a very good possibility that they will improve in depth. Because of the favorable results obtained on the 100 Level and the pro~ble change for the better in conditions with depth, it was decided to properly equip the mine for efficient and rapid exploration. A road, 4-2/ 10 kilometers long, was built into the property from the Provincial Road. It was well ballasted and can be used throughout the year. At present, it is a one-way road, but can easily be prepared for traffic in both directlons. Because of the favorable results on the 100 Level, it is practically certain there will be at least a reasonable amount of ore for treatment. With this in mind, and because of tihe uncertain conditions regarding price, manufacture ana delivery of machinery due to labor conditions in the United States, it was decided to place orders for milling equipment for a 100-ton per day unit. Tests were run by Mr. R. R Bryan, our Consulting Metallurgist, who designed a mill embodying the most up-to-date and modern features, which can be expandeci' to treat a larger tonnage at a minimum of expense and time. During the construction period, a shaft was sunk to a depth of 96 feet by using the equipment on hand. The shaft is three compartment, two hoisting compartments 4% x 5'>2 feet and one man way 5 x 5%, in the clear. The shaft is now being sunk to the 300 Level. When this point is reached, crosscuts will bc driven east and west. That to the east will be driven to the vein previously explored on the 100 Level. The one to the wcst will be in the nature of exploration to investigate the hanging wall vein previously alluded to, and to explore the possibilities of further mineralization in the hanging wall as indicateci' by the abundance of float on the surface in that direction.
115
It is impossible to foretell what we shall find but geological conditions, both structural and mineralogical, are most favorable. As a matter of fact, the property at this stage of development is the most promising the writer has ever encountered in his experience. Barring unforeseen delays, production will commence late in the year. GoLD RIVER MINING CO. The property of the Gold River l\lining Company was acquired under option on August 20, 1936. Tunnels and other workings were reopen~ and a study of the geology initiatOO. At the end of the examination period, enough information had been assembled to indicate the probability of the existence of a vein on the Supsing side, w:hich should have a general strike of west to northwest, dip south, and be essentially siliceous in character. Work was started on the 700 Drain Tunnel Level, driving the latter heading southerly. The vein was discovered where expected and some erratic high values encountered!. It has the attitude and mineralogical characteristics such as were expected. In the Baguio District the veins belong to the epithermal, or near surface, ty pe of mineralization. Characteristic features of th is mineralization are that it fcrsists over a short vertical range and structure is important in controlling the location of oreshoots. It is therefore necessary that any particular vein to be investigated should be explored at the right elevation and laterally where structural COllditions are favorable to the formation of oreshoots. Heretofore, the veins principally explored in the Gold River property have been on the Rino side and are essentially calcitic in character. This, together with the mineralization and associated country rocks, indicate the previous workings on these veins to be in the lower part of tihe orc horizon. In tihe new, so-called Shaft Vein, tihe vein is siliceous while the mineralization and associated country rocks indicate the work on the 700 Level to be. near the top of the ore horizon. The vein was previously cut on the 500 Level, but the mineralization and structure were such that no drifting was performed. There are marked improvements in structure and mineralization on the 700 Level with the presence of occasional high va,... lues. The vein was cut at the point nearest to the face of the 700 Drain TUlTIlel in a section WHich is structurally unfavorable for the formation of an oreshoot. Drifting is now in progress both on the 500 and 700 Levels in hopes of finding structural con路
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THE COMMERCIAL & INDUSTRIAL MANUAL
ditions wh ich permitted the formation of commercial oreshoots. It is impossible to foretell what will be found but t he conditions, insofar a s known, are favorable for finding ore.
There are several structures on the two groups which are so located as to be fa vorable for t he formation of secon ci'ary manganiferous orc. These aro being investigated with, it is believed, considerable chance o f finding commercial ore bodies.
KING SOLOMON-SHEVLIN GROUP
An option was acquired on King Solomon un· der date of Sep t. 1, 1936. An examination disclosed the fact that the principal vein in King Solomon dipped into the adjoining Shevlin group within a comparatively short vertica l distance. Obviously. the two proPCl-ties should be operated together so a consolidatrion of t he two was finally arranged whereby the King Solomon Mining Company will take over tlhe Shevlin group of claims, and be worked under the contract previously negotiated with the f ormer. Other mining interests had previously driven Lusong Cross-cut ~o. 2 of Shevlin until the main, Calabcnban, vein o~ King Solomon had been cut. Where interested, the. vein s howed low values so no further work was peJ:tormed. As a matter of fact , however, the Cl'OSScut in~rsected the vein at a point structurally unfavorable for the formation of an oreshoot. Drifting has re<xntly been sta r ted fro m t.he aforementioned crosscut,\ driving both east and west on t he vein. At the pr~sent writing, the east drift appears to be entering into a more favorable locality. T h e v ein, which is siliceous in character, has widened out and is better mineralized. Conditions are favorable for finding of ore.
ACUPAN A geological examination has been made of th is property reswting in the discovery of a promising vein which has heretofore been unexplored. It is now being acti\'cly developed. ZIGi:AC GOLD MINING CO.
This property has been examined but bhe geoBefore active logical conditions are complicated. work, if any, is started, it will be necessary to oblain n better knowledge of the conditions attendant on orc deposition in the Baguio Distr ict in general. T he latter work is now in progress. CONSO LIDATED THE ATERS, I NC. Head Office: 505 Fernandez Bldg., Manila-Jfegistered: May 4, 1936--Tel'm: 50 years-Bumnells : General cinematograph theatrical and theatrical supnly business th roughout the Philippine IslandsNa /:~olta tity: F iIi pin o-Ca1)il.al Stock: Pesos 25,000.00 divided into 2,500 shares of the par \.alue of P esos 10.00 each--Sllbscribed Capitol: Pesos 5,000.00-Capitat Paid: Pesos 1,250.00-11Icorpora· tors and Directors: D. R. J usto, Melchor Coronel, Jose Roxas, U. Ortiz and Pedro Osit-T rc(l.8uro,.: D. R. Justo, 1488 San Andres, Mani la.
THE CONTINENTAL INSURANCE COMPANY (Ltd.) New York Statement of Accounts for the Year Ending December 31st, 1936 Balance Sheet LI t\ 01 L1TIES Cash Capital2,000,000 Shues ;U $2.50 : aeh .. $ 5,000,000.00 Reserve Premium Fund .. 19,276,020.50 Reserve for Unadjusted Losses .. 3,184,336.88 Reserve for Taxes . ............. . . . ......... . . 1, 128,000.00 Reserve for Miscellaneous al e due and unraid .. 940,629.41 Voluntary Reserves and Dividends .... . ...... . 3,080,995.59 Su r r.lu~ O\'er c~ntingencies and all liabilities inc lldmg Capltal. ............. . ... . . ... . ... . 71,826,432.14 $101,436,414.52
ASSETS IovcsrmenlsReal Estate ( Uneocumbercd) .. $ 1,684,668.4} Shares. . .. .. '.' ... 73,802,87).00 Governmenl, Railroad and 22,473,912.00 Miscellaneous Bonds.
-,-...:.....:.c__ $97.961.473.43
Accrued Interest, Dividends and Rents........ Agency Sabnces ( in cours: of transmission a.nd hands of Agents). .........•............... Cuh in Banks and Offi~c ........•........•.
234,273. 24 2,291.385.35
3.949,282 .50
$I04.436.414S!
PHILIPPINES COOKUN SONS HARDWARE COMPANY H ead Office: 1. J. J\.:(, Basa St., Iloilo, P. 1., P. O. Box 136-NatiOllality : Chinese--Business: Hardware--Establiilhed: 1913-TelegJ:tLph A del,'css: "CoOkWl" Iloilo-Codes Used: Bentley's-Branch Office: Bacolod, Dcc. Neg.-Manager: Mr. Coo An, ami'Mr. Lo Bioten-Ba:nk References: H ongkong & Shanghai Banking Corporation and The Chartered Bank of India. Australia & China. COOK LABORATORIES, I NC. Head Office: New York City-Brancl~ : 670 Dasmariiias, Manila-Nationality: American-Business: Dental Supplies-Bank R efcrClwe : National City Bank of New York. COOPERATIVE MINES, I NCORPORATED Head Office: Manila, Phili ppines - ReuistcI'ed: September 24, 19S6-TeJ'm: 50 years-Business: Acqwre. Explore, Develop and mine said claims, and to carry on the business of mining, Milling, Concentrating, Converting, Sfuelting, Treating, Preparing for. market, Manuiacturing, Buying, Selling Exchanging and otherwise producing and dealing in gold, Silver, hromite, I ron, Copper, Lead, Zinc, Manganese, Cinnabar, Platinum, an,d all K.inci's of ores, Metals and mmerals-Na-tionality: Filipino-Capital Stock: Pesos 1,000',000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capita/.: Pe so~ 200,OOO.00-0apita/. Paid: P esos 50,0\)0.00-hzcorpo)路a tors and Directors :-Camilo Osias, Dominador B. Ambrosio, W. B. Cobb, Manuel V. Gallego, J ames Stevenson, Manuel A. Alzate, Antonio Aquino, Mrs. L. O. de Jesus, Perfecto Laguio, Mauro Bal'3di and Toribio Teodoro. (Mrs. L. O. de Jesus ano' Mauro Baradi, are incorporators only)-T)'easurel': Dominador B. Ambrosio, Manila, P. I. By Camilo OSias, President a nd General Manager: The launching of the Philippines upon her Commonwealth status soon to be followed by COInplete freedom and independent nationhood demand9 that we face our national problems in a rational and realistic fa shion. The I ndependence Act, approved by the government and people of America, and the Constitution of the Philippines, drafted and formulated by chosen delegates subsequently approved by Pre~ i dent Franklin D. Roosevelt and ratified by the Filipino people in a national plebiscite. have clarified the futUre of our country and char t the course of the progress we ~ust ~ake. We are ushered into a new epoch, which, If I m Istake not, is to be distinctive for its increased
117
scientific spirit and greater economic-minded n ess. ERA o~' CORroRATE BUSINESS Writing on "Education Under the New Order" on the eve of the inauguration of the present government, I said: "The new situation that is to ensue from the altered r elations between the United States and tbe Philippines nece9Sitates reshaping of trends and tendencies among the youth of our land. More and more Filipinos graduating from institutions of learnin g must learn to look for opportu nities outside not ins ide the government. The necessary retrenchment of tJhe next few years in government expenses and t he continually enla l'g in g field of private enterprise should not be overlooked by our young men and yo ung women. The very activities along agricultural, industrial, and other vocational education should lead to the increase of the number of independent producers. Technical and technological training s hould result in a reci'uction of misfits in the world of busines~ and in re~ur.erative pursuits. Education along practical lines and in the professions must make for more citizens useful and productive. The entire scheme of education must function in such a way as to reduce the idle and unemployed and augment the army of practical t hinkers, doers, and producers. Besici'es the problem of education to lead t he youth along new avenues of activity and service, there is the problem of making them less individualistic and more socially cooperati ve. Modern civilization with its flair for organization demands socia l mindedness. In the field of trade and commerce Filipinos must acquire a keener sense of group consciousness. 'Dhe new order should help usher ill an era of partnership and corporation in business. Business activities undertaken by ino'ividuals as separate units will not prosper except in rare cases in the face of the onset of business carried on by organized groups 01' corpor ations. The task of education in creating this type of mentality which conduces to social stability is a part of the larger problem of training for national discipline." (Encyclopedia o[ the Philippines, Vol. V, pp. 355-356). I have reSigned from the presidency of the Nationa l University, a post which I have held since 1921, to engage in business. This step is in keeping with the spirit of our time. Filipinos must do their
T HE COMMERCIAL & INDUSTRIAL MANUAL
118
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PHILIPPINES part in this era of partnership and corporation ,in business. Having long advocated greater economICmindedness, it is my duty to practice what I preach. As a humble member of the Constitutional Convention 1 feel obligated to follow its injunction to conser:e and develop the patrimony of the nation. ORCANIZERS AND INCORPORATORS
My immediate venture is to serve as president ana manager of the Cooperative Mines, Inc. Associated with me are well-known persons who are responsible and representative -and have achieved success in their respective lines. Mr. Dominador n. Ambrosio formerly of the Insular Life, is the Treasurer of ~he Corporation and has a seat in uhe International Stock Exchange. Mr. Wilburn D. Cobb, ",'ho monumented the Balatoc properties, and has had experience in prospecting and locating mining claims is a trustee. Mr. Manuel V. Gallego, a former me:nber of the Philippine Legislature, a practising attorney, and president of the Manila Tobacco Association, is one of the organizers. Mr. Toribio Teodoro, the well-known "slipper king" is a member of the Boara' Directors. Other members of the Board are Hon. Manuel A. Alzate, Chairman of the Committee on Foreign Relations of the National A.9Sembly, and with extem,ive farming and considerably business interests; Mr. James Stevenson, an American citizen, engaged in business in Manila; Mr. Perfecto E. Laguio, Director of the Columbian Institute; and Mr. Antonio Aquino, former Assistant Director of the Bureau of Supply and practising attorney. The other incorporators are Attorney Mauro Baradi, for six years a secretary to a Resident Commissioner in the United States, now practising law, and Mrs. Lorenza O. de Jesus, formÂŁ'rly Principal of the Normal College, N. U., and wife of Attorney Jose A. de Jesus, private secretary to President Quezon. Mrs. de Jesus is the secretary of the Corporation. AIMS AND PURPOSES The Cooperative Mines, Inc., bas o'hromite and gold mining claims. The map herein included shows the location of its first properties. It will acquire other claims. The undersigned purposes eventually to have mining interests in the well-known gold regions of th Mountain Province, Masbate, Camarines, Abra, Cehu, and Mindanao. Announcements of the expansion of his activities will be duly announced. Now for the immediate program. The Articles of Incorporation define ... the general aims and ob-
119
jects of the Cooperative Mine9, Inc., in the following word: " The purposes for which said corporation is formed are to locate, purchase, lease , and otherwise acquire mining claims anywhere in the Philippine Islands, and to explore, develop and mine said claims, and to carryon the business of mining, milling, concentrating, converting, smelting, treating, preparing for market, manufacturing, buying, seliing, exchanging and otherwise producing and dealing in gold, silver, chromite, iron, copper, lead, zinc, manganese. cinnabar, platinum, and all kinds of ores, metals, and minerals, and the products and byproducts thereof of every kind and description and by whatsoever the same can be or may hereafter be produceci', and to conduct all business appurtenant thereto, in the Philippine Islands and elsewhere; and to use and exploit the water, water rights, timber, etc., incident to all mining operations, including building of flumes, canais, ditches, roads, dams , and other improvements of the aforesaid claims." CHROMITÂŁ AN D CIIROMIUM
Believing that our stockholder s will be glad to know more about the nature of chromite and chromium, we are quoting the following informative material:
Chl'omite, a mineral of the spinel group, consisting of an oxide of chromium and ferrou s iron (see chromium) . It is found in grains and in octahedral crystals of iron-back, or browni.inblack color, with a sub-metallic luster and abo sence of cleavage. Found as isolated grains in ultrabasic irneous occurs inmeteoric stone~ and irons. The earliest worked deposit.<: were those in the serpentine of the Bare Hills near Baltimore, Md. Later it was mineo' in Lancaster Co., Po.. and especially in California, also in Oregon, North Carolina, and Wyoming. Canada also produces chromite, but the greatest supply is obtained from New Caledonia (French Australasia) and Rhodesia, where chromite mining has rapidly expanded s ince. The Mysore province of India is another valuable source of supply. The political and commercial control of chromite now rest largely with Great Britain. During the World War there was a large increase in the output of chromite both in the United States anci' Canada, occasioned primarily by the great demand for chrome steel for war
120
THE COMMERCIAL & INDUSTRIAL MANUAL purposes. Cuba has great masses of chromium ore.
Ch"01nium, a hard greyish white, brittle metal element. Its chemical symbol is Cr; spe. cifie gravity, 6.92; atomic weight, 52; melting point, 1510 0 C. It was discovered by Vaquelin in 1797, and independently by Klaproth at about the same time, and is of interest because it if practioally immune from attacks by ordinary acids, and unoxidizable except at very high temperatures. Due to its peculiar and unique propel'ties, especially when alloyed with other metals and as utilized in the paint and tanning industries, it is almost impossible to exaggerate the importance of this clement in 路 the industrial world. Chemically, chromium belongs in the same group \'(ith molybdenum, tungsten, and uranium. It combines with oxygen to form three oxides: chro?Uo~s: oxide, CrO; cromic oxide Cr 2 0 a; a7ld chro1n~rn trioxide or chrolltic acid, CrO a ; each of which is the basis of a definite series of compounds, many of which are of great importance in various industries. Chromium is not f~nd fl'ee in nature, the chief source being the mineral chromite, a double oxici'e of iron and ch~omium, which occurs in periodotite, serpentine, and to' a lesser extent in other ultra-basic rocks. Chromite is found widely distributed, in Rhodesia, Baluchistan. Brazil, New Caledonia, California, Quebe<: and elsewhere; the Rhodesian and New Ca ledonian mines are fur nishing about three-fourths of the world's supply. The largest use of chromium is in the manufacture of alloy steels, heat and electrical resistance alleys; the remainder is used in the natural fonn of the ore, cliromite, as a refractory, for the manufacture of pigments for the paint industry in the dye and dye-stuff industry, and in chrome tannin/f. The metal has no important us e in the pure state, its useful compounds being generally prepared directly from the ore. In the steel industry it i9 employed in the form of fen'och7'omiulIl, an electric furnace products, which is an alloy of iron and ch:'omium containing about 65 '70 of the latter. As an alloying element in steel, chromiom is used in varying proportions up to 15-20 % . Tn small proportions, up to 5 %, it increases hardness and toughness and produces a fine grained structure, hence such steels are used for rock and ore crushing machinery, rolls, tools punches and dies, ball and r oller bearings, etc.
When alloyed wit.h nickel, we have the 71ickel chromiu,nt steels, which combine great strength with toughness and hardness, and ure probably the most extensively used of all alloy steels. In adnition to being alloyed with nickel, chromium is alloyed with VaJliu/iwm 01' molybdenum producing chrome valladiu11~ and c/t"o/llc molybdenum steels, both of which have extensive use in automobile manufacture. In larger proportions 10 % or morel or in smaller proportions and combi ned with tungsten, 5~} chromium with 18 % tungsten, it confers the property of 'self hardening'; that is, of producing great hardness in steel when cooleci' in air from a high temperature and hence is an essential eontituent of high speed steels, which have practically revolutionized machine-shop practice since bheir introduction, In great proportion, 14-1870, chromium confers anti-corrosion properties in steel, and forms the so-called stainless steel, which because unattacked by organic acids is of great importance in chemical industries, and for the manufacture of cann ing and preserving machinery, cutlery, etc, Chromium compounds arc used in large quantities in the dye inoustry, both in processes for the. manufacture of dye-stuffs, and as mordants; I.e. substances that combine chemically with the dye-stuff employed and fix it upon the fabric. Chromi um mordants are of first importance, since with different dyes they are capable of yielding a considerable range of colors which are notable for their permanence The most important are the 80dium and potaasium bichromates, which arc more extensively used in wood ri'yeing than any other metallic salts, For mordanting cotton goods, chrome al um, chromiUlIl flub,.-ide, and various double chromium chromate are used. Silk is not usually mordanted with chromium sa lts, however, it may be so treated if boiled in a solution of potassium bichromate and tartaric acio'." - (From Che Wi11Ltm's Cumulative Loose-L6a! ElIcyclollcdia.) The Cooperative Mines, Inc. has its chromite and gold claims in Masinloc, Bot<llan, San Felipe, Cabangan, and Candelaria, Zambales and in the Mountain Province. The Board of Dircctors authorized the Board of Trustees to negotinte for additional. ~ining ~roperties, and has secured option on go!d mmmg ClaIms in the Mountain Province and other mineral claims.
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PHILIPPINES Little more neea be suid about chromiw, sinet' the public is informed of the existence of rich chromite deposits in the province of Zambales. Already there are several companies organized for the ex~ pioitation of this promising and valuable mineral. We have made extensive research on the subject and we wish hereunder to report a few of our pertinent findings. In the United States, ore contai ning 40 % of ch romic oxide is considered "high grade domestic ore." This is the same per cent of chromite found in Japan. J . S. Diller has the following to sayan the composition anci: uses of chromite: "Chromium is one of t he important war metals, being extensively used as an alloy to harden steel in the manufacture of munitions. Despite the doubt not only in other lands but in our country of the existence of chromite, t ime has since demonstrated the ~uth. We believe history will repeat itself. I n The Mine'r al Resources of the Philippine Islands fo,路 the 1Jears 1926 tb 1933, prepareci' by t he Division of Mines of the Bureau of Science, under "Zambales", we have the following; "Near a sitio called A!\lao, however, in the upper reacbes of Aglao River, about' two or t hree hours' ride from Castillejos, there are several prospects holes and one or two tunnels which were opened by an Anierican prospector sometime before 1915. These prospects holes and tunnels follow stringers or narrow veins, not over 4 inches thick, of dense vitrious quartz, which contain from nothing to 4 pesos' worth of gold per ton. I n several places white-quartz bowlders over 1 meter in diameter and containing 80 centavos per ton have been found alollg the streams, but their source has never been foun d." (Pp. 6]-62) . . The Cooperative Munes, Inc. acquired lode claIms in the region above referred to. Prospecting was none by Sergeant Rubio, of the United States Army, during the years 1901 and 1902. From the claims of the Corporation, samples examined showed a range of from Pesos 14.00 to Pesos 42.00. We beg leave to quote a pertinent comment at this juncture. Hernando Riquel writing the "News from \Vestel路n Is lands" in 1574 said: "In this island, there 芦re many gold mines, some of which have been inspected by the Spaniards, who say that the natives work them as is done in Nueva Espana with the mincs of silver; and, as in those
mines, the vein of are here is continuous. Assays have been maci路e, yielding so grent wealth, that I shall endeavor to descr ibe them, lest I be suspected of lying. Time will prove the truth." (Blair and Robertson, The Pki/.ippine islands, Vol. II I, p. 243). It is the purpose of the Cooperative Mines, I nc. to prove the truth. We beg leave hereby to prescnt in full the report on the Cabatoha n Group coming from a mining engineer. M I NING ENG I NEER'S REPORT O ~' THE CABATOlIAN
GROUP "The Cabatohan Group consists of 34 lode claims located on the castern slopeS! of the. Zambales Range, very near the Taz-lac boundary, in the sitio of Cabatohan, Barrio of Poombato, Botolan, Zambales. The Cabatohan Group may be reached from Manila by way of the Zambales P r ovincial Road; from Manila to Botolan (Zambales), from Botolan to the Barrio of Poombato by bull carts and from Poombato to the group in Cai.latohan, eight kilometers by horse trail. TOPOGRAPHY AND GEOLOGY
The Cabatohan Group lies on the east side of the Zambales Range. The ge.neral elevation of the Group is about two thousand feet above sea level. The four western claims cover a small mesa (plateau) and the difference in elevation from the Cabatohan creek on the lower claims to the top of the mesa is about five hundreci' feet, Excepting along the creek where the formation is exposed, almost the entire area of the Group is cover ed with a thick mantel of earth and detached rock. The northern half of the Group is covered by a good stand of forest, composeci' mostly of tanguile, apitong, lauan, malave, and other common varieties of Philippine timbcr. CHARACTERISTICS
The characteristic country rock is granite. I mmediately west of the group, the top of the Cabatohan Mountain is capped with diorite that is super-imposed upon the granite, the top of the Usa Mountain directly east is also capped with diorite that is also super-imposed upon the granite. This granite-diorite formation seems to be continuous all over the claims. It is pertinent to note that the claims lie in the central part of granite-diorite region. LoDES AND M1NERALIZATION
The entire group is covered with a mantel of loose dirt and ci'etached rocks, and very little pros-
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THE COMMERCIAL
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pect work has been done on the lodes except an old tunnel (dog hole) now fallen in, that was driven
into the Rubio lode from a point in the western slope 100 ft. below the outcrop, by Sgt. Rubio of the U. S. Army back in 1902. From old records it seemed that Rubio had drifted on the lode about 75 feet. Rubio stayed three yenrs on the region making a living from crushing an& panning gold from ore, very probably taken from rich spots (pockets) on the lode. (Irorote system.) From old records Rubio seemed to have cross cutted on the lode five times. The widths of the lode varied from 16 to 43 and the samples ranged from $7.00' to $21.00.
The unsettled political conditions at those times made raising capital extremely difficult, so Rubio got discourageo' and left the country. LODES There are three main lodes, the Dunn lode, Louisiana lode and he Esther lode. The "Dunn lode" outcrops at tha.. Rubio discovery post, and s trikes due north to th Dunn Discovery Post, in which case the Dunn lod, is nearly 2 claims length. The dip is about vertical. Due to the weathering, jhc ore body has a very t hick capping of iron oxide ~xtending from the surface downwards for some dis'tance. During the period of intense oxidation, consIderable leaching took place so that samples taken from the surface will not yield much information a~ to the gold content of t he ore· A t the outcrop the lode seems to be 30 ft. wide, but nothing definite can be known of the value of the ore, or of the width of the lode until a tunnel is drh'en at II good dis tance down so as to hit the lode where the ore is comparatively unaltered. TnE LoU ISIANA LODE The Louisiana lode outcrops at the discovery post of the Arkan!;{1s claim; it is fissured on the contracts of the granite and diorite dyke. From the disco\·ery post of the Arkansas loIining claim the lode s trikes about due north up to the Texas Mining Claims, a full two and a half claims length. The ore along the surfaces is much weathered and alt ered, and samples taken from the altered outcrop wi\! not yield any information of the width until a tunnel is dri\'en on the side of the slope east of the Arkansas disco\'ery post to intercept the lode 155 ft. from the outcrop. At this O'epth the ore will probably be unaltered and will yield very valuable information of the size, strike, dip, and values of the ore.
INDUSTRIAL MANUAL THE ESTIIER LODE
The Esther Lode outcrops at the Esther discovery post and apparently strikes about east to west. The outcrops are easily traced from the Esther discovery post up to the Carolina Claim, a distance of three claims length. The ore along the surface is very much weathered and altered and is covered with a capping of iron orio·e, which is characteristic of ore long exposed to weathering. At the outcrop the lode seems to be big, from 20 to 30 it. wide, but nothing definite can be knoWTJ of the slope part of the discovery post and driven due south to intercept the lode 147 ft. below the outcrop. OTHER LODES I n addition to the lode above, there appear tl) be severa l smaller lodes or veins. It is very possible that when prospected, some of the smaller lodes may contain appreciable quantities of pay ore. ZAl'oIBALES PROPERTY Zambales is so rich in chromite that it has been well called the Rhodesia of the Orient. Several co!'!.panies, associations, ami' corporations have been organized for the exploitation of copper, gold, man· ganese; and specially chromite, in this province. An iniormative material regarding chromite and chromium is included in the prospectus of the Cooperative Mines, Inc. The new volume, Phillppine Mini11g and .lJillillg L01l)8, p. 125, contains the following paragraph: "High grade ore ranging from 47% to 54 % has been found in Zambales, Camarines, and other places. The largest chromite deposits now known in the Philippines are those in Zambales destined to become the Rhodesia of the Orient. I n the United States, ore containing 40 % chromic oxio·e is deemed "high grode dome~tic ore." This is the same per cent found in the chromite of Japan. In Cuba the ore runs about 44 % . In Southern Rhodesia, the world's largest producer of chromite, thG ore ranges in grade from 48 % to about 50 %. Future development will probably reveal chromite ore of o\"er 54 %." Our Zambales property shows evidences of other minerals besides chromite, especially manganese. From the Report of the Philipine Commission for 1907 (Part I, p. 482, we cull out the following: "Mineral wealth, undeveloped as ~·et, it is true. is of great value in this province. Witness the conviction of many prospectors of different nationalities
PHILIPPINES that they have discovered, among others, mines of coal, cinnabar, sil vel', nnd gold." The Cosmopolitan Lode, Inc., has a group of forty (40) chromite claims in the town of Masinloc, the best and richest chromite region of Zambales. The Director of Forestry in an official communication dated November 19, 1936 certified that the "forty (40) mining claims included in the Pinamanaan Group, situated in the Sitio of Pinamanaan, Barrio of Agopop, Municiality of Masinioc, Province of Zambales, as shown on the Map, submitted by you to this Office, prepared by Mr. Pedro V. Valdez, Civil Engineer, of the Cosmopolitan Lode, Incorporated, do not affect any esbablished forest re~erve, national park communal forest or communal pasture." We reproduce below the report of our American Mining Engineer duly.. sworn to. MINING EN(O,INEER'S REPORT "Manila, November 16, 1936 "To WHOM IT MAY CONCER :_ "This is to certify tha I have examined the Chromite Group of 40 claims of the Cosmopolitan Lode, Inc. situated in the S\tio of Pinamanaan, Barrio of Agopop, MuniCipality of Masinloc, Province of Zambales, Philippine I slands and found them to contain sufficient deposit of chromite to justify further development and exploration. (Sgd.) "A. 1. REYNOLDS "Licensed Mining Engineer. "Manila, November 17, 1936. "Cosmopolitan Lode, Inc. "Fernandez Bldg. " "Escolta, Manila "Gentlemen: "I have the honor to present the following report on your chromite Group of 40 claims localed in the Sitio of Pinamanaan, barrio Agopop, Masinloc, Zambales. "This property is located approximately 16 kilometers Due East of the town of Masinloc The (>ntire pl'opcrty is drained by the tributaries 'of thc Lauis and Agopo p Rivers. The entire area excepting a small grassy (cogonal) area on the North is covered . with thick stand of forest, consisting mostly of Apltong, Lauan, Tan.e:uile, -and other common varieties of Philippine trees. "On the northern part which is covered by cogon growing on a thin mantel of earth, large boulaers of Chromite ore are to be seen. Digging thru
,
123
this earthy mantel one encounters chromite after a depth of about three fcet, A thorough pr09pecting alone will reveal what seems to be from alI indications a very large deposit of chromite. "All along the ravines and creeks on the claims considerable chromite loats are found indicating that deposits of considerable sizc are in existonce in the claims. "Two grab samples taken from some boulders showed a rather high content of chromic oxide, the sample!;'. ranging from 46.8 to 49.8% Chromic Oxide. The property is located in a very favorable arca. The group is just a few kilometers south of the :Consolidatea.' Mines property which at present has . probably the largest tonnage of Chromite ore blocked out ever known. "Exit to the sea for the chromite could be had at P ort Matalvis. The ore could be trammed down by cables from the property to the South Eastern cornel' which is on the coasta:.J plain, it could be stored up here and shipped to the boats at Matalvis by Crude Oil Trucks. "In conclusion, I believe the Pinamanaan Group of 40 claims to contain an enormous tonnage of chromite ore of highly prospective value. (Sgd.) "A. I. REYNOLDS "Licensed i1/-inin[J Engineer" Presidcnt Osias with the SurlJey Party On the propef路ty of the Cosmopolitan Lode, Inc., Benguet. Further prospecting by a party headed by MI'. Jose M. Trinidad and our field representative, :'Ill'. John Finch showed locations of large chromite ol'e deposits not seen by the mining engineer when he examined the property. The samples that have been secured and a ssayed showed also the existence of copper in the same prop erty. The chromite claims in Zambales constitute but a partial basis for the organiZation of the Cosmopolitan Lode, Inc. ABRA PROPERTY In addition to the well-known rich chromite claims we have in Zambalcs and the gola.路 claims we have in the l\Iountain Province, the Cosmopolitan Lode, Inc., has also a gl'oup of nineteen (19) gold claims in the province of Abl'a destined to be heard from as mineral region in the future. Although Abra is not well known as the Mountain Province, Masbate, and Camarines Norte as a gold region, it is nevertheless rich in gold depo-
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sisto Mr. Leonard Lehlhack's paper entitled Manka,.ya11-SuYOQ Mines alld A bl·a R'ivCl· Placcl·s, LepantoB(mtoc Province, buzon (Far Eastern Review, s· 1906, pp. 168-170, 200-202) is a partial attestation of this fact. In the Report of the Schurman Philippine Commission (1900, Vol. 2 p. 75), there is a testimony as to the existence of copper, iron, and gain' in Ahra. In the Report of the Philippine Commission for 190'6 (Part I , p. 178), mention is again made of the existence of gold deposits, besides coal and chalk deposits. In the Report of the Philippine Commission for 1907 (Part I, p. 320), the information as to the existence of gold, coal, and gypsum deposits is reiterated. Adnrinistl"a{ion and offi,ce1·s' qWlrters During the last quarter of a century, the best known gold districts of the Philippines have been the Mountain Province, Camarines Norte, and Masbate. The main bulk of the. gold proci'uced came from these districts, but three other dirtricts, Lianga, Surigao; Ipo, Bulacan; and Baay, Abra , have contributed (Ellcyclopediu of the Phlilippilles, Vol. 7, pp. 600-601 j Minel"al Resol&ces of the PMlipPl7!e Islands, 1926-1933, Bureau of Science, p. 7l~72). It is from this district of Baay, Abra, that the Cosmopolitan Lode, Inc., has these nineteen (19) lode claims: 12963 Jan. 2, 1935 J. J. Carino 12964 Jan. 2, 1935 J. J. Carino 12965 Jan. 2, 1935 J. J. Carino 12966 Jan. 2, 1935 1\1. Bello 12967 Jan. 2, 1935 M. Bello 12968 Jan. 2, 1935 T. C. Bello 12969 Jan. 2, 1935 E. Bello 12970 E. Bello Jan. 2. 1935 12971 E. Bello Jan. 2, 1935 12972 Jan. 2, 1935 E. Bello 12973 Jan. 2, 1935 E. Bello 12974 Jan. 2, 1935 E. Bello G. Solis March 19, 1935 13537 March 19, 1935 13538 G. Solis C" 5630 Mering G. Festejo Dec. 2, 1935 5631 G. Festejo Dec. 2, 1935 Dora J. T . BrilJantes Dec. IS, 1935 7353 Gayyad R,[ A. A. Blanco Dec. 16, 1935 7532 B. G. Ramos Apri l 28, 1934 11 936 Bit Tho following pertinent paragraph from tho A tneric(u! Cha mbe,· of Commerce JotLyl/ol for Octo~
Nona Noning Pop Bello Anno Piping Aling Josie Vencie Von Casia Vivi Popo
INDUSTRIAL MANUAL ber, 1936 penned by the Editor is a confirmation of Abra as a gold region: "Gold is known to exist throughout a wide field in Abru. Pagans of Abra get out anci' use it in bar~ ter, as they have done immemorially; the rock of the mountains and the gravels of the streams con~ tain it; for several kilometers on either side of an axis through the prospected region, it is said to be practically impossible to gather any soil whatever, even humus under pine trees, that will fail of some indication of gold. At Lacub, the following failure of this year's crop the Tinguians have spe<:ialized in mining and washed thousands of pesos worth of gold from the rich pockets, veins and placers. In prospecting, too, samples often run very high--even hundreo's of dollars to the ton." We have been fortunate in having had the assistance of Assemblyman Agapito Garduque, former Mining Recorder for the province of Abra, in securing claims from the best mineralized district of that province. Mr. Garduque personally attended to the perfecting of the papers for the claims and the pay~ ment! of the necessary taxes. Preliminary prospecting ~ as b<!Cn done by a party headed by Mr. C. Borje. MOUNTAIN PRoVINOE pllorERTY The gold claims of the Cosmopolitan Lode, Inc., in the Mountain Province is close to the automobile road north of worlo.'~famous Baguio, the temperate city engineer, in his communication dated October 22, 1936, to the Insular Treasurer, certifies that our gold property, the Mother Lode Group, is the same and identical mining property bearing such designation in the Miner al Claim Map of the Division of Mines, Bureau of Science. We quote below in full Mr. Joaquin'!' letter and his reports as a Mining Engineer.
MR. JOAQUlN'S I,.ETTm "P. O. Box 86, Baguio "October 22, 1936 "The Insular Treasurer "Manila "Dear Si r : "Th is is to certify that the Mother Lode group report of which is nttached hereto is the same and identical to the Mother Lode Group inQ~c8ted in the Division of Mines Mineral Claim Map. (Sgd.) "F. G. JOAQUIN. E.M_"
12;
PHILIPPINES MINING ENGINEER'S REpORT OF THE MOTHER LoDE
MINERAL GROUP
gouge and broken up quartz mixed with manganese Q"ioxide. The walls of the vein are of gabbro.
Locatrio-n
Conclusion
"The Mother Lode group of 32 claims is located in the barrios of Caban and Batueas. municipality of Trinidad, Benguet. It is bounded on the north by the Acop Mining Association, the Duty Mineral Group and La Trinidad Mining Syndicate; on the east by the Igorote Mining group: 011 the south by the Pine Ridge Mining Corporation; and on the west by the Bakong Mining group. It is accessible through the Mountain Trail Km. 12 or 13, through the Hoover Logging roaa which takes off from the Mountain Tra il at Acop's Place and through tbe Gold River road by hiking about 4 kilometers.
"The group as a whole has not been sufficiently prospected to indicate the nature and value of the veins under the surface. However, should the veins prove persistent and valuable, quick development sh.ould be easy due to possible extensive backs indicated by the step topography.
Topography (lInd Drainage
"About one half of the property comprising the western part lies in sedimentary and limestone formations, especially along the Bontoc Road. The topography here is of low \ ~nd rolling hills. However, in the igneous formations, the topography is of recent type and consists of precipitous mountains sloping abruptly toward the rivers. Drainage is dendritic, numerous small creeks draining into the larger river. Timbe1' and LaboJ' Supply "There is sufficient timber for mining purposes consisting of pine trees widely and sparsely distributed, left overs from the recent activities of the Hoover Sawmill. "Labor may be obtained from the neighboring barrios or from Baguio at an average daily wage of Pesos .80. Geology "The region in which the veins are located consists of doirite ranging from fine grained to coarse porphyry. In Minac claims, however, a dark ba.iic rock was encountered forming the footwall of a 3 ft. vein. The rock has characteristics which distinguish gabbro. "The Mabuhay vein noted on the west bank of Tyan Creek is 3 ft. wide consisting of 1-ft. of gouge on' the footwall and 2 ft. of mixed material of quartz and siJicifieo conutry rock on the hanging wall. The vein has a bearing of S 65 0 Wand 75 0 dip to the SE. Pyrites comprise the most abundant minerals in the quartz gangue, although manganese dioxide distinguish the oxidized and altered portions of the vein. Both walls of this vein are diorite. "The Minnc vein is a 3-ft. vein consisting of
Recom:melidati01Ul "Immediate exploration by trenches and tunnels and open cuts. "Work must be pJaced in hanos of competent supervisors. "Survey of property including topography, outcrops, creeks, trails and other feature s important to quick exploration and development. "Trails should be cut to outcrops for easy access. "October 22, 1936. (Sgd.) "F. G. JOAQUIN, E.M."
The Mother Lode Group consisting of thirty-two (32) fuB lode claims is advantageous from the standpoint of development because of several factors, chief among which are (a) ready accessibility, the veins being close to the road, (b) availability of timber and other materials for construction from the lumber stand on the property or from sawmills in and around Baguio, (c) plentiful supply of labor, skilled and unskilled, from the Mountain Province, Pangasinan, and the Ilocos provinces, (d) good wa路 tel' supply for milling and other purpogeS, and (e) excellent location in a highly mineralized region surrounded by operating and producing mine~. The Mountain Provi路n ce property of the Cosmopolitan Lode, Inc., indeed lies in the proven Benguet gold belt and is actually within the territory where the Igorots have been mining free gold from time wel141igh immemorial. Even now Igorot women pan free gold in the streams inside our Benguet property, each getting about fo:r:ty or fifty pesos' worth a month. The President and Manager made an illten路 sive visit of the Benguet property of the Corporation in company with practical prospector~, and a surveying part-y. The President was enth.usiastic over the discovery of a new 5-ft. vein and a 路6-ft.. vein not previously reported by the engineer. Following the vif;it a program of (a.) construction work (b) surveying -and (e) further pros-
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peeting and development work was formulated in detail and which has sinc~ been approved by the Board of Directors. III linG with such program and with the engineer's reconunendations: 1. The survey of the entire property has since
been completed. 2. Bodega No. 1 has
con~tructed.
3. The officer' quarters and as&:lY oifice have been completed. 4. Water system has been installed for drinking and better sanitation. 5. The main trail has been widened to permit a jitney to tra-nsport supplies, equipment, etc. 6. The road leading from the Baguio-Bontoc main road to the headquarters has been finished. Surfacing follows; 7. The construction of the building for tool!:' and equipment and wGrkers' quarters is in pro'gress. 8. Work on the tr;ail s leading to the main veins ha~ been rushed. 9. Cross-cutting and building of -adits and tunnels f or the larger and etter veins are in progress. 10. Further prospecting and development work is being pushed. The DIrector of Fore~try has certifioo that the claims constituting the Benguet gold property of the Cosmopolitan Lode, Incorporated "do not affect any established national park, communal forest <"r communal pasture." Such certification was made in an official communication dated November 3 1936 and was reproduced in full in our prospecru~ for November, 1936.
CO-OPERATE REALTY AND INVESTMENT CORPORATION H ead Office: 51 Escolta, ManiIQ_Registered: April 1, 1935-Term: 50 years- Bltsines8: Real Es.tate and Insurance Agents-Natio,wlity: Filipino-Capital Stock: Pesos 10,000.00 divided into 1,000 shar~s of the par value of Pesos 10.00 each-Capital Pa id: Pesos 10,000.00-DiI路eclol路s: Jose J. de Guznmn, Alfredo C. Sese, Jose Tan Yongquip, John T. ",reeks and Agapito J. de Guzmnn-T/"easu/"e/": Agapi to J. de Guzman, 37 Valcnzueln, San Juan, Rizal. CO-OPERATIVE SURVEY & REGISTRATION COM PANY, INC_ He'Ml Offic,.; La Defema Bldg., Manila-Registered: June 23, 1936-Term; 50 years-BlLsin('~s' Survey and registration of non-registered proper-
INDUSTRIAL MANUAL ties-Nl1tiolwlity; FilipinO--Capital Stock: Pesos 4,000.00 divided into 400 shares of the par value of Peso~ 10.00 each..........sub8oribed Capital; Pesos SOO.OO- Capital Paid: Pesos 200.00-lneorporators amd Dil'lU)tol's: Florencio Cnrl09, Alejandro Fernandez, Jose F. Fernandez, Trifon Carlos and Ma~ xima T. Juco--Trea8ltT er: Florencio Carlos, 52G F. Torres, Manila. COPRAX BROKERAGE COMPANY, INC. H ead Office: 237 Barcelona, Manila-RegiaefH'ed: September 25th, 1937-Atltltol'ized Capital: Pesos 2,000.00 Subscribed and Paid-hlcol'porator: Miguel J. Heras, Vicente A. Hem s, Ana Wood, A. Gonzales and Santiago r-.l endoza-ContJ'olli11g hlte"est: Fil ipino. CORDILLERA EXPLORATION MINING COMPANY, INC. Altthorized Capital Stock: Pesos 100,000.00, Report to all Stockholdel's, as of August 7, 1937: I have assumed office as your President on the 5th of January, 1937, upon a majority vote of the Director s. As soon as I assumed office as such, I began to study very well how I could meet the deman~ of service required of me for the task that has been imposed upon me. For your information, I am submitting hereunder a journal of the Company's activities that had been done: As you have been formerly informed by our former President, Mr. Walter Robb, our Company had invested the sum of PS,OOO.OO in the Lahuy Island Venture and had engaged the services of the R. Y. Hanlon & Engineering Co. with a monthly R. Y. Hanlon & Engineering Co. with a monthly retainer's fee of I'SOO.OO i P150.00 per duy when the said Company's engineer visits the property i and about 1'2,500.00 as an overhead and for !:lborer's wages. I found out that should we continue the retention of the R. Y. Hanlon & Engineering Co. as our mining operators, our Company's funds would not last until August of this year. We, therefore, decided to cancel the contract with the R. Y. HanJon & Engineering Co., for the very reason that besides the aforementioned charges, they also ch:lrged 15% sur-charge on all expenses as their fees. On January 10th last, the R. Y. Hanlon & Engineering Co. pas given a formal notification that the contract have been cancelled as of that date and at the same time we were furnished a report st拢.ting, among other things, that our mining property is very poor
127
PHILIPPINES and they recommended its abandonment. They immediately discharged all the employees except those that were working on the prospecting shaft numbered four (4) and receiving from P2.75 to P3.S0 a day, Mr. Walker as superintendent, P250.00 a month and informed us that they submit their account immediately. Believing sincerely that the said report of the R. Y. Hanlon & Engineering Co. who stayed in the property for only a day or so, and, therefore, had no opportunity to examine carefully and thoroughly the possibilities of the same, I designated Messrs. Valdez and MaHari, members of the Board of Directors to go to the property, reinstate the deserving laborers and set them working under their direction and to make some recommendation with regards to the advantageous administration of the property, fortunately, during their stay in the property from February 13th to 22nd, they uncovel'ed a vein whose assay is $46S.17, old value. The other recent assays are as follows: Lab. No. 12-1..&9 .. 12-150 . 12-151 .. 12-152 .. 12453.
S" mpl~t
.\
.. Tunnel 13- n . T u nn el 13- A Tunn el 7 . . S hnl{ fi ... Tunnel 1-1 . . . . . ..
..
:.
I'~I,, ~ PC' Gold Oz. Ton aI Sf 0.6
P .. Ton 1'., Oun u 1.01 20S7 ~~ . 6fi
~(lS . 17
0 . 37
7.64
o. 12 0 . 03
~...&S
0 .62
The vein who assayed the highest is about Ph meters wide. This showing has encouraged the Board of Directors to dispose of tpe investment set to work for the acquisition of a mill whose capacity is not more tban 20 tons. The committee appointed for the purpose with the advice of tbe Board of Directors, ordered a mill whose capacity is 15 tons a day and the Company has already received and transported to the mine last May. The mill shall be ready for operatoin on or before August 16th o'f this peal'. The transportation of the mill from Manila to the property has cost the Company the sum of around PSOO.OO and its installation may cost, as soon as it is completed, the sum ofi around 1)1,300.00 including materials, labor and tools, for the machinery and its buildings. The property has been surveyed boundary survey; individual claim survey and topograph;cal survey by our surveyor, Mr. H. Valera Betoon, whose plans, maps and other necessary papers are in the course of preparation. The property is traversed by trails of about 10 Kms. in length; the southeasthern half of it has been fenced by barbed wire; temporary administration, blacksmith and carpenter's quarters, dynamite and laborers' quarters were
built; mine tools and implements to the value of around P5,000.00; 4 horses; and a service cer were purchased. The works are as follows: L 2.
3. 4. 5. 6. 7.
BB~~~'nC'{~3~BI :~dfJ.:Lt~: tr,~r~~'B ~I~~~r~~e ch.." ilied B, eBnUllln Tunnel 38 f~et from pOrla~ wllole !l.S!ay is SO.62 now .. lid S5.05 belore. MapislB Tunnel \0 feet from porl ..1 wh ose IlMIlY ia S1.64. ;\lapi, IB TUllnnl N feet from portal wh ose ..!Say is $9.00. KatBo Tunllel 28 fect h om pon",\ wbole form er an al' was
]<!;,~O~;'lIncL .12 feet from portal whos e pre, ent l1~ay is M!~:o8~baft 28 feet deep alld 5 feet wid e crosscu t wllO!l e Lo:.m.irp~dYo;t~1d$el~hC:>b.~~t. $0.62
IIOW
beca use tbe v... n
The Board of Directors relying upon the verbal information of Messrs. Valdez and MaUari when they were delegated to go to the property and with the former report of Engineer Thomas F. Breslin that our property yields gold-bearing earth to the extent of 300,000 tons with an average assay of P1.00, believing that when the mill begins operation, we can recover sufficient gold to justify and to cover all the expenses, and, also, ,viII give us a reasonable divident upon our investment. A s it is now, the greatest trouble on the operation is the transportation of material s and supplies needed in the running of the mill. However, as soon a s the rainy season abates, transportation expenses can be cut by i/3. This administration, w .,; a""ut'c i OU, has always in mind the desire that expenses are maintained to the possible minimum. Hence, our little fund has not as yet reached the dangerous balance. About SO tons of the ore on Bacoog Tunnel, 20 tons on Canugan Tunnel, 50 tons on the Mapisla Tunnels and 20 tons on the Katac Tunnels and about 40 tons on the Madaa Shaft have been gathered, some of which have now been transported by horses to the deposit ncar the milt and are now ready for milling. The mill now operates milling at the rate of 15 tons a day with an average a ssay of P100.00 a ton, because the ores are mixed up and it is the intention of this administration to also make a mixture of the gold-bearing clay, so that in the course of time the mill ,vill be running reg路 ularly without closing. Up to the present writing, small volumes of gold weighing about 150 grams said to be 22 karats quality, samples of the production have been rerovered and era now in the office ready fol' inspertion by anyone of the stock-holders. We believe that within a month from this time of writing, we will be able to increase the production by systematically adjusting our laborers' work and at the same time, the reduction of our production
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expenses is secured. Within the next two months thereafter, we also expect to install some parts of the machinery whereby cyanide process will be resorted to recover the gold. It is the intention of this administration, however, to save all the tailings for future treatment. I assure you, in this connection, that whatever progress and success that may be had in the operation, or any failure to be encountered, I will inform you by means of circular letters as in the present case. Some stock-hoi del'S blame me for not making periodical report.'; to each and everyone of you, but my simple I'enson is that because the mine is still promising and there is nothing to be alarmed of, I r ather wished to economized the expenses an d save for the exploitation of the mine than to make any report which has not much value to the stock· holders.-ANTONIO FERNANDEZ, p,.es ..jl lulIage,..
August 31, 1937 The President Cordillera Explorat.ion Mining Co., Inc. Manila, Philippines. Sir: We have the honor to submit the following report of the result of our trip to our mine at Baa,y, Abra, Philippines as follows: When we ~rriveri at the mine on the evening of August 20th we were informed and found out that some palts of the machinery were short, lacking, and missing and OUI" mechanic, blacksmith and our tel"hnical mill laborers have had u hard time to manufllCture, ore adjust the differences. With the aiel of extra craftsmen we constructed sluice boxes necessary fOl" the ball mill which connects it to the amalgamation place and thence to concentrating table fl·om the concentmting table to the concentrates deposits and from the concentl·ating table to the tailings deposits. Such work took us until the 25th to complete with the complete installation of watel· supply for the mill. On the 24th we began to mill for practice and adjustments and had the crusher, ball mill and all parts of t he machinery work. On Friday noon, August 27th the adjustments were complete and the machinery worked smoothly. We had the mill run continuously from 2:00 to 5:00 o'clock P. M. and used about two (2) tons of ore crushed, milled anll passed thru the amalgamation plate and concentrat;..ing table whel·C we coll<!Cted two hundred fifteen (215) grams of crude gold dust which we herehy
INDUSTRIAL MANUAL subm it in connection with this report which will be the basis of production. If we had not begun milling as soon as we arrived on the night of August 20th it was because the superintendent was reluctant to permit us to mill due to lack of a written authol·ity to mill; the manufacture of the short, missing or lacking miner parts of the machinery; and our inability to make the adjustments on time because of the lack of tech· nicians and skilled laborers for the operation of the mill. We served as t<!chnicians in crushing, milling, adjusting the concentrating table and others. Row· ever, because of OUI· command and determination to push on the work we were able to make the adjust;.. ments and had the mill r un smoothly f or three hours in which we have produced and collected from the amalgamation plate alone about 150 grams and on the concentrating table about 50 gl"Ums of crude gold which can guide us to anive at the following deduction for results: 1'hat during eight (8) hourf; of continuous working we can net about 600 grams of crude gold dust which pure cont<!nts can be esti· mateij at about between 350 to 400 grams of pure gold is 350 grams a day, the production for one month by working 8 hours a day and 25 days a month is 8,750 grams that costs at present about 1"'17,500.00. Deducting the possible expenses of P100.00 a day for all will leave us a balance in one month the Slim of P14,500.00 and from that sum de· duct the materials and othel" expenses of 1"'4 ,00000, the net income shall be around 1)10,000.00 a month. Provided, however, t hat the ores to be milled are of the same qualitv as the ores milled and those that are taken from the Bacoog tunnels that are now ready for milling. As to the existence of high grade ores, we have the honor to I·eport that as a rcsult of the crosscut previously ordered to be made on the Bacoog tunnels 13-A and 13-B by employing thCl·ein 15 laborers, a vein of 2% meters wide, and two at ll,(i met<!rs wide each have been uncovCl·ed and our humble estimat<! of their yields will not be less than 300 tons, and, possibly of our meager knowledge of geology coupled by our little experience in mining will not fail us. we may uncover the biggest and most persistent high grade veill in that place tbl t mo~' occupy our machinery for the rest of the year at least. That crosscut has already netted us in stored ores of about 50 tons of the same quality as those that we milled. The Mapisla tunnel No. 7 which assayed r<!CenUy $3.10, old value, also promises a very encouraging
PHILIPPINES sign for high grade ore for which there are now stored and l"Cady for transportation to the mill site about 100 metric tons ores. Our other ores in other tunnels and in our shaft have been burried due to the torrential mins that. f ell during' the month of July of this year. Of all our tun nels they yield ores ranging from $2.40 to $468.00 a ton and our estimate of their total values if they arc all milled until March of next year, if they arc all stringers as they call them which we do not believe, will be not less than P500,OOO.OO. If our mill runs 8 hours a day znd mills 20 tons dail.y we must need 30 mine laborers, 10 to 15 horses to transport our Ol1es to the mill site, 12 mill technicians and laborers fOl' which we may be able to sustain the mill running until the end ~f this year without interruption except of machine~'y defects that may arise during t he COUI'se of milling. Upon recommendation of our mill superintendent, Mr, Wilfredo Tuason, we are to acquire mercury retort to save the mel'cury, vibrating screen to save small particles of gold that pass thru the amalgamation plate or thru the concentrating table and some other minor app:u:\t.tn O~at are very necessary to minimize the waste, Such apparatus may cost around P270,00. One more suggestion of our mill superintendent is to apply for the company the water right on the Balangan River that flows thru our property for at least 2,000 horse power to be utilized for water power to run our mill, transportation and tunneling, As per his information, if we can be given the exclusive right on the Balangan River, our milling expenses will be minimized fOI' the cost of gasoline; the mining of the ores; and possibly the transporta路 tion of the ores from the tunnels to the mil! site by the free use of electl'ical appal'atus, If such a power is harnessed and we may be free to use electrical devices OUI' mill expenses will be cut by 2/3 or more which at the are now we have estimated will cost us around P7,000,00 which amount is more than enough to purchase tubes or water pipes, wheel and other apparatus for the water power including their installation. This deduction has been thoroughly explained to us by our mill superintendent who is not only an electrical engineer but a thorough pl'actical mechan:cal engineer a:td expert on machinery devices, Proof of his ability is shown by the faultless installation of the mill machinery including its supply of water when he was still short of tools, implements and other commodious ap-
129
paratus, The most import.:l.nt handicap at prcsent is the transport.:l.tion of both material and personnel from Lagangilang to Baay, During our tdp to the mine we sustained eight falls from horsebuck ~nd the gasoline in tanks had leaked that abcut 10 % of their contents have been wasted, The horses of the company have been very abusely u sed in the transportation of the ores from the tunnel s to the mill site and for this reason, we have not as yet ordered the superintendent to tl'ansport the orcs from Bacoog until the horses have improved, With regards to the transportntion of materials from Lagangilang to Baay during this rainy sca son, the oWllers of t he horses demand 1>1.80 a day for every horse that transport not more than forty kilos of baggage or mater ials. ,-(Sgd,) VICENTE D. MALLARI and VAI.ENTIN M, VALDEZ,
CORA LUMBER COMPANy H ead Office: Pl-aridel, Misamis OccidentalRegistered: September 6, 193&-Tel,,)Ik 50 years-Business : Secure and Exploit forest conce!;'sions; to Oper ate !XlW mills fDr the manufacture of timbell of all kinds; -and to Engage in t he business of buying ~nd selling lumber, Logs, timber for building construction- Nationality: Filipino-Cct/pital Stock: Pesol< 20,000.00 divided into 2,000 shares of the par value of Pesos 10.00 each-Subscribed Capital: Pesos 10,620.00-Capital Paid: Pesos 4,200,00; CMh: Pesos 820.00; PI'operLy: PesoS' 3,380,00-incorpora.tors ItJind DirectOJ'S: Teodora J. Fernandez, Victorino P. Magno, El'iberto Castillon, Vicente G. SincD and Cayetano B, TibayTI'eaRw'e1' : Cayetano B. Tibay, Plal'idel, Mis<'l mis
0",. THE CORONA PHARMACEUTICAL LABORATORIES Head Office: 411 Reina Regentc, Binondo, ]I,[aniIa-Nationality: Japanese-B'! lsiness: Manufacturers of Household R emedie s-Established: 1925Principals : 1. T sutsumi, Manager; Filemon Tanchoco, Pharmacist--Telegraph: N3kashima-Bank Reference: Yokohama Sp~cie Bank, Ltd, CORONA SUPPLY COI\IPANY, Head Office: 400-402 Juan Luna, :i\tanilaNationality: Filipino--Established: 1921-Ammal TW'nover: PeSGS 100,OOO.OO-Teleo,'aph: "Corona" -Codes Used: Bentley's-BI'unch Office: .lOO-4{l2 Taft Ave., l\faniln-Pril1cipal: P e Ytok, l\fanagerDirectors: Pe Ytok-Agellcies: H, 1\1. Stol'ms Co"
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THE COMMERCiAL
&
Eureka Blank Book Company, Crescent Products Co" Crer;cent Pin Manufacturing Company, American Art Clay Company, Frank A. Weeks Manufacturing Company, H atsumi Lens Gamel K aisha, etc.-Bank R eference: Philippine National Bank_H'istorical Notes: First established as Phiiippine School Supply and then latter was changed to Corona Supply Company.. CORV I SSIA NO'S TEMPLE ASSOCIATION INC. Head Office: Santa Cruz, Laguna- Registered: November 14, 1935-Tcrm: 50 years-BI/Bines8: To r eceive the donation of one piece of land together with the house t her e erected given by Mr. G. D. Gorvissiano, and to use the same for hire to masonic ol'ganizations-Na,tionalitll: Filipino -Cb.p~1 Stock: Pesos 8,000.00 divided into 800 shares of the par value of ~esos 10.00 each-Sub8cl'ibed and Paid Capital : PeS09 8 ,000.00 aU in property_Incor_ porator8 alld Directo/'8: Jose Ambrosio, Juan Calcetas, Gabriel D. Cor visSiano, F austo DBa, Marciano A. Diaz, Ezequiel Evide1\.te and I gnacio V. NobleTr8aS'urt1-1': Exequiol Evidente, Magdalena, Laguna. COSMOPO LITAN LODE , iNCORPORATED Head Office: Room 302 Fernandez Bldg., Manila __ R eoistered: November 10, 193G-Tt1'1n: 50 years- Bu8ine88: Explores, Develops and mine claims, and to carryon the busine9S of mining, milling, Concentrating, Conver,ting, fimelting, T reating, for market, Manufacturing, Buying, Selling, Exchanging and otherw i ~e producing and dealing in gol d, Silver, Chl'omitt', fron, Copper, Lead, Zinc, Manganese, Cinnaoor, Platinum, and aU kinds of ores, Metals and minerals-Na.ti01lulity: Filipino-Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of t he par value of Pesos 0.01 each -Snbscdbed Capital : Pesos 200,000.00-Cupit(l l Paill: Pesos 50,000.00-Incol'p01·(l,tOJ·8 amd Vi-rectors: Camilo Asias, Dominador B. Ambrosio, .A. T. Reynolds, Nicolas Radols, Wilburn D. Cobb, A. M. Lorenzana, J ose A. de Je~us, Antonio Aquino, Tomas Lasmarias Cipriano V. Viloria J0ge M. Trinidad and Agapito Garduque (A. I. Reynold&, T om~\<; Lasmarias and Cipriano V. Viloria, are incorpol'ators only)-T1'eas1wer: Jose A. de J esus, Manila. COSMOS PRINTING COMPANY Head Office: 320 Bustos, Man ila- R egistered: March 11, 19 35--T8rn~: 50 years---Bu1Iines8: Stationers, Printers, Bookbinders, Lithographers, Ste· reotypers, Eletrotyper !!-, Photographic printer s, etc:. - NuLio-nality: F ilipino-Capital Stock: Pesos 10,000.00 divided into 1,000 shares of the par value
INDUSTRIAL MANUAL of P esoe 10.00 each-SubsCl-ibecL alld Paid~n r.ftpil4l: Pesos 6,000.00; Cash., Pesos 200; Property, Pesos 4,800-1ncorporator8 and Director8: Santiago S. Sanohez, Federico Agrava, Cirila S. de Sanchez, Francisco B. Yatco and Angela Reyes-Trea8urer: Francisco B. Yatco, Manila, P. I. COTOBATO RIVER NAVIGATION CO., l NC. H ead Office: Zamboanga, Zamboanga- R 6gi.stered: J a nu'<Wl'Y 8, 1937-Term: 50 years--Business: Transportation-Nationality: Filipino--Cap.. ital Stock: Pesos 60,000.00 divided into 600 shares of the par value of Pesos 100.00 each-Subscribed and Paid-in CapitaL: Pesos 12,000.00-Incorporators: Santiago Go, Percy YOWlg Lee, J oequin Alba, Leon Uro, Tirzo Lorenzo, T. C., J . Chua Cham, J ose Wee Hancbion g , Yeo Boon Chaong, Antonio Lor enzo, Lim Shiao Lay and Leo Din Hee. THE CREDIT CORPORATION OF THE PHILIPPINES MEMORIA del Primer Ejercicio Social correspondiente al periodo que comienza el 29 de Julio de 1936 y termina el 31 de Diciembre del mismo ano. Senores Accionistus: De conformidad con 10 dispuesto en nuestros estatutos, sometemos a vuestra consideraci6n el balance general del ano 1936 con la cuenta de ganancias y perdidas que demuestran el estado de nuestras operaciones durante al periodo del 29 de Julio al 31 de Diciembre de 1936. C011tie1120 de Optll"acio1l8S :-Sancionadu In es· cdtura de incorpornci6n el 29 de Julio de 1936 y aprobados los estututos el 31 de mismo mes, dieronse comienzo a las operaciones de la compania e1 -4 de Agosto del mismo ano 1936, bajo la gerencia de Don Jose McMicking e1 cunl desempefio dicho cargo hMta 01 23 de Agosto de 1936, habiendo sido elegido para sustituirle, con el voto unimime de la Directiva de la Companfiia, Don Rafael Ortigas, para que desempefiara el cargo de Gerente C(ln efectividad e1 24 de Agosto de 1936. l nversio7l88:-Desde el dia del comienzo de las oporaciones de la compauia, 0 sea, deade el 4 de Agosto de 1936 hasta el 31 de Diciombre del mismo afio, el capital socia l de la compania se ba invertido en la forma establecida pol' los Estat:.Jtos, habiendose obtcnido una utili dad bruta de P89,673.66. Di6~bltci6n de Utilidade8:-El snldo que ar· roja la cuenta de ganancias y perdidas se ha distribuido de acuerdo con cuestr09 eslatutos en la forma que de manera clara y precisa apare<:e en dicha euenta.
131
PHIUPPINES
THE CREDIT CORPORA nON OF THE PHILIPPINES GANANCIAS Y PERDIDAS Periodo de cinco meses que termina el 31ed Diciembre de 1936 ACTIVO Furoros .. Presumos.... Pagares.. . ... InversioDes: A Costo.. GaSlos difcridos . . Mobiliario y CO$Cre5. Meoos: Depredation ..
'P 819,243.98 38,CXXI.00 25,634.93 115,587.17 2,754.68 "2,330.41 77.68
Balance en bancos y met lico y sellos de Renus Ioternu en caja:-'1' Bala.nce co bancos .. Metalieo en caja. .. Sellos de Renus fnrerau ...
725.10 6.52 72.50
2,252.73
804.22
PASIVO Capiw:Auror/udo: 200,000 accioues de a :z:10.00 ca.da una.... ... . 1"2,000.000.00 Emitido: 80,000 ~cdones de a. :.::10.00 c:l<la una, tota lmcnte 'P pagad~s ... Res(:fvas:1> 7,2.57.00 Rcscrva segun Es.aroto, .. 7,2",7.00 Re$Ccva para contingcncias. Depositos a margen ................. . Dep'?siros en ~arantia por futuros .. . UCilidad difcnda por futuros ..... Interests cobrados por addantado Acreedore$ vades:-1) 3,628.50 Directores )" ~rente .. 3,619.33 ImpuestO de renra .. Honorarios de los auditOrcs: 250.00 saldo .. Sobregiro$ en los bancos:B:I.O(o 4e las hlas Filipiou .... P 43,622.70 Hongkobg &. ShanghaI Banking 30,177.90 Cor poration. ................ Supcravit...
S:xJ,OOO.OO
14,51<1.00 57,669.18 31,987.59 14,240.41 1,759.88
7,497.83
73,SOO.60 2,808.22
'PI,004,2n.71 Inf_l al {" ANtlirwtl " /'1 Atdtln;rlal tk TIN emli' C6rpIr"<lfitln If tbl Pbilippinu Hemos revisado d prcccdenrc Balance General, de: fc:cha 31 de Diciembrc de 19}6, con los libros y comprob;I.D.tcs de la Corporacion )' hernos obtenido rodos los informcs y cxplic;l.ciones rcqueridos. Hemos comprobado la exisccncia de: los valorcs '1I1C ganntiz;I.D. los conrratos de vemu fururas y de prestamos. u c::uctitud de: 10$ saldos cn bUl(os se nos ha sida directamentc cc:rn6cada p:;lr los mismos bloeas. El metalito co (aja y los ~Ilos de Renus Inccrcu hit sidn invcotariado por 1l0S0tTos. La rcsc:rn cstarutaria h;l sidn tomputada. de aClIcrdo coo los Estatuto5 de: laCorporacion. Ccrtifica.mos que d Balantc: General, co oucstra ojlinioo, esta propiamcntc: redactadO de forma. <\ue delIluestra. d vudadero es tad o de los ne,i:odos de la Corporation rda.cionadO$ can su coot2bilida.d cn 31 de Dkiembre de 1936, ceDlcndo en euenta los informe$ y cx plicacioncs que se nos ha da.do y segun 10 demucsrran los libros de la Corporacion. (Fdo.) HBt-lRY HUNTBR BAyt-lB &. Co. AJlJir<tfJ Manila, 5 de Ene ro de 1937. Ch"rumJ Acc<tllnr"nrs.
GASTOS Sucldos..... Alquilercs.. . ......................... . impr(;$OS y cb:tos de oficiO:l .. . Gucos urios... In tereses por los sobregiros en los bancos . Depredacion: Mobilbrio y ensercs
P 5.487.67 .390.66 57.3.45 5,199.65 5,374.50 17-68
Saldo a la Cuenta de Distributi on de Utilidad ...
'1'"17,10).61 72,570.05 ~89.67.3.66
INGRESQS 1)72,476.16 Utilidad por futuros .... .. .. . .. .. 6,6]1.81 Intereses par presumos ...... '" ................ . Intereses pcrdbidos par prorrogn de prestamos y 3,420.69 furoros .. 5,000.00 Dividcndos ............. ....... .. ....... ...... . Prima en cl precio de acdones de la Corporacion 2,145.00 vend idu en subuta ..
-----------
P89,67).66
(Continued)
T HE COMMERCIAL & INDUSTRIAL MANUAL
1)2
THE CREDIT CORPORATION OF THE PHILIPPINES (Continued) (UENTA DE DlSTRIBUCION DE UTIUDAD 5% de la utiJid:ld de 1'>72.')70.05 para los DirecfOres y d Gerente. 1~ 3,628.5Q 10% de la uti lid:ld de '1'72,570,05 p.1ra reser"':! $Cgun EstatutQs. J> 7,257.00 10% de 1:1. utilid ad de Pn.570.0j en n:scrva para comingcncias. J> 7,257.00 ),619. :n Reser ... :!. para cl impucsto de renn. Divirlcndos :l los Accionistas .. 48,COO.OO Supcravit segun Balance General ...
La clal'idad de
~uestro
DICIEMBRE JI, 1936 Saldo de la ellenta de Ganancias r perdidu.. ...
1'72,570.05
1'69,761.83 2,SOB.22
1'72570.0$
1'72.570.05
balance haec superfIuo
APRUEBAN LAS CUENTAS Y EL BALANCE DEL EJERC ICIO SOCIAL 1936." Mani la,!. F., 12 de Enel'o de H137.
todo otl'O con'ent."l.l'io de mils.
Ccsando l'egiamcnta -jamente en el desempeiio de sus curgos los sefiores que componcn In Junta Diree路 nvu, los senores accionist. s pueden proceder a la desiglluci6n de los que han de sustituides tal como los estututos disponcn. Al cesar Ie presente Dil'cctiva en su cometido, sOlo Ie resta proponer el s iguiente acuerdo: "SE
RAFAEL ORTIGAS. Gerente
v.o Ro VICENTE SINGSON ENCARNACION,
PI路cs-idente
PHILIPPINES COWPER & CO., I NC. Head Office: 501 Heacock Bldg., Manila-Registered:-June 1, 19SG-Term: 50 years-Bu.siness: Engin~ng, Desil!Jlling, Constructing, Enlarging, Repairing, Removing or otherwise engaging in any work upon buildings, Roads, Highway~ Na.tiollalif1l: Filipino-Capital Stock: Pesos 10,00000 divided into 10,000 shares of the par value of Pesos 1.00 each-S,tbscl'ibed Capital: Pesos- 2,000.00 _Capital Paid: Pesos 700.0o-Incorporatol'S and Directors:-Remedios Cordova, J. C. Cowper, Jose Peng, J ose G. M .... eatafigay lind Ramon CordovaTreMunw: J. C. Cowper, Manila, Philippine I slands. THE CREDIT CORPORATION OF THE PHILI PP INES Head Office: 412 Jo'ilipinas Bldg., Manila-ReDistel'ed: July 29, 1936-Term : 50 years-Business: Loans, Mortgages, Stock dealers, Investments-Capital Stock Altfhodzed: 1'2,000,000.00-Subscribed and ;ully paid: !'SOO,OOO.OO-PaT l1al1te 0/ shares: PI0.00 each-hLco)'porators: Vicente Singson Encarnacion, Vicente Arias, Alfonso Zobel, Salvador Zaragoza, Jose Araneta, Eduardo 0rtigas, Rafael 01'tigas, Jacobo Zobel, Ignacio R. Ortigas, Leopoldo Melian and Jose McMicking- Di)'ectors: Vicente Singson Encarnacion~ President; Enrique Zobel, Vice-President; Vicente Arias, Jose R. McMicking and Jose Araneta-T"easure,': Jose R. McMickingBanks: Hongkong & Shanghai Banking Corporation and Bank of the Philippine Islands-Cable Add"ess: Crediteo. CROWN LIFE INSURANCE COMPANY-. TORONTO, CANADA Manila Office: 7th Floor, Cll Unjieng Bldg., Escolta.---.P. O. BOJ(j 224. Telephone No. 2-43..10Dil'ectol's: P resident, The Hon. G. Howard Ferguson, P. c. KC. LLB., 'l'oronOO, Vice-President, C. Wilfrid Somers, Toronto, F. Erichsen Brown, ICC., Toronto, H. D. Burns, Toronto, G. A. Morson, Havana, W. R. Morson, Toronto, His Honoul', The Hon. E. L. Patenaude, P. c. K. c., LL. D., Quebec, F. R. McD. Russell, K. C., Vancouver, G. O. Somers, Pasadena, G. E. Spr!agge, Toronto, H. R. Stephenson, Toronto, W. F. Watkins, Toronto, Norman F. Will'on, OttaWQ -General Agents fOl' PJtilippines : Hanson, Orth & Stevenson, Incorpol'ated, Office Manage)': C. L. Holt -Bank References: National City Bank of New York; Peoples Bank & Trust Company.
133
CROWN MI NES I NCORPORATED Head Office: People9 Bank Bldg., l\1anilaR egistel'ed: September 25, 1936-Tenl~ : 50 years Business: The discovery, exploration, development and exploitation of minerals in the Philippine I slands and elsewhere and the business of mining Nationality: America.'n-Ca.pi ~l '{;tock: Pes09 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each-Subscdbed Capital: Pesos. 400,000.00-Cupital Paid: Pesos, 400,000.00 -hlcorporrotors and Di1'ectors : S. J. Wilson, i\L Karolchuck, F. J. Gibbs, A. ,T, Gibbs and F . H. Ale-T1'caS1t?'el': F. H. Ale, Manila, P.. I. CRUZ & UBALDO PLANTATION, INC. Head O/lice: Room 301 Perez Samanillo Bldg., lUanila-Reu·ist/!)'/ul: November 4, ID36-Tel')n: 50 yeal'S'--Business: Agricultural and natural products, Food-products and other merchandi!'e, Especially sugar-cane and the manufiactul'es, Products or by-products thereof_Na.ti'onalit·y : FilipinoCapital Stock: Pesos 100,000.00 divided into 1,000 shares of the pal' va lue de Pesos 100.00 each-Sl,bscr-ibqd and Paid-ilt Capital: Pesos 20 ,000.00 in property- Inco )'po"ators and DirectOI'S: Aristeo R. Uba~do, I\'laul'icio Cruz, Leonarda L. de Ubaldo, Concepcion Arguelles de Cru7. and J. Perez Cardenas _TreM¥rer: Aristeo R. Ubaldo Manila, Philippines. D. & D. MIN'JNG COMPANY Head Office: Banio San Juan, Dumalag, Capiz-Natiollttlity: Filipin o-Business: Mine Operators; Gold, Silver, Copper, Lead, Zinc, Brass-Established: August 11th, 1937-Capital Stock: P75,000.00 divided into 7,500,000 shares of the pal' value of 1'0.01 each.-Sltbscl'ibed Capital: P15,OOO.OO-Ca111t(ll Paid: N,125.00- lnco,·pO')·ators: Manuel V. Hechanova, Ramon A. Vidal, Magin H. Bautista. Benjamin H. Tirol, Amado H. Tirol and J uan Fuentes. DAG-ORO'S COMl\IERCIAL TELEGRAPHIC CODE, INC. Head Office: 2319 Juan Luna, Manila-Registered: J uly 26, ID35-Term: 50 years-Business: Telegraphic Code DistdbutOl·S- Na.tionality: Filipino-Capital Stock: Pesos 55,000.00 divided into 500 shares of the par value of Pesos 100.00 eachSubscribed and Paid-in Capital: Pesos 31,000.00 all in property-Incprpol'ators and Di7'ectors : Pelagio B. Dagorio. Cipriano Pacheco, Angel Pacheco, Delfina M. de Flores and Mariano Lal'a-T?'easurer: Pelagio B. Lagoro, 2319 Juan, Luna, l'Itanila.
IS NOTE, THE INFORMATION CONTAINED IN THE COMMERCIAL 8< INOUSTRIAL MANUAL OF THE PHIL.lPPINES G OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND I S THEREFORE BELIEVED ACCURATE aUT IS NOT R~:::SNETN~fT\~:~r.~:E~:~D NO RESPONS I BILITY THEREFORE CAN BE ATTACH EO TO THE PUBLISHERS OR ANY
THE COMMERCIAL & INDUSTRIAL MANUAL
134
CROWN LIFE INSURANCE COMPANY Financial Statement- December 31st , 1936 $)1,464,276.00
New Policies Isslled.
Irn;urance in Force ..
. ..... $170,168,sS}.(Xl
CASH ACCOUNT DISBURSEMENTS
RECEIPTS Ledger Assets, IXcember }1, 1935 Premiums, First Year.. $
Premiums, RenewaL .. Prem iums, Single . Supp!emcntar)' COntracts .. lmerest and Rents ........ .. . Profit on Sali: of Sc&rities.. Payments on Capica! .s~L.:;. .... Staff Pension and other 'Funds ..
$22,641,591.10 917,670.27 4,052,554.22 1,159,819.00 )82,679.46 1,152,51 1.06 87.355.22 48,74).00 3's,1l1.98
$ 882,109.61 Death and Disability Claims. Matured and Surr'd Policies.. 1,1#,426.84 Dividends to Policyholders.. 2)1.516.87 Annui ty and Other Pay ments.. 266,194.18 Distribution from Shareholders' 57,424.25 A«ount .... 26,625.48 Dividends to Shareholder, ... General Expense .. l ,n9,9ll.86 ),456.5) Agents' Deposits. $ 4,)91,676.62
$ 7,8)6,444.21 Revaluation of Ledger Asscts .. Lcdgc:r A$5Cts, December )In, 19)6 ...
2)2,985.9) 25,853.)72.76 $JO,478.035.)1
5)O,47s.o)5.)1
BALANCE SHEET ASSETS N1orrg agc$ 0"11 Real Esute. GO \'ernment and Munic ipal Bonds ... Public Utility and Industrial Bonds. Prdttrcd and Common Stocks .. Home Office Property ...
Other Real Estate .... . ............. . Loans on Company's Policies .. Interest Due: . Imcrcst Accrued but not Due.
Outstanding and DdcITcd Premiums. Cash 00 Hand 2nd in Banles..
LlABILm ES $ 9,232,97).)) 8,780,596.70 2.,147,2)8.57 1,146,)57.64 .380,906.95 )08,1)5.)0 ),400,992.90
2,275.n )67,999.47 969,2.)0.62 456,171.)7
527,191,878.Q
$2).92Q,S61.48 Pol iayho lders' Reserve . ))),017.57 Claims in Course of Payment. .. Taxes, Agents' and Accrued Ac200,296.45 counts. 627,409.18 Payments Received in Advance. 6.961.01 Dividends to Shareholders.... Dh' idends held to the Credit of 247.543.66 Polic)'holden .............. . 177,150.82 Staff Pension Fund .. . C.pital and Surplus Funds : Capital.. .... .. .... . .$ 278,44{).00 46,462.90 Shareholders' Surplus ..... 46,898.22 DdelTed Dividend Fund ..• I,JOS,137.)) Surplus....... ..
$27,192,87862
Pl:flLIPPINES DAGOHOY COOPERATIVE MARKETING ASSOCIATION, INC. Head Office: Manila-Registered: August 19th, 1937~Authorized Capital.: Pesos 5,000.00-Subscribed Capital: Pesos 1,010.00-Paid-in Capital: Pesos 202.00. DAGUIT-SAN MAURICIO GOLD MINES CO., INC. Head Office: Manila, P. I.-Business: Gold Mine Operators-Authorized Capital: Pesos 32,500.00Pal" Vallie of Shares: Pesos O.Ol-Subscribed Capital: Pesos 6,500.00-Paid-in Capital: Pesos 1,625.00 -Directors and Incorporators: Melquiades Virta, M-ariano Deogracias, Patrocinio Virata, Andres Luciano, Teodor Virata. DALAGANG BUKID FISHING CO., INC. Head Office: 712 Ave. Rizal, Manila_Regis_ tered: July 12, 1985-Term: 50 years- Business: Fish Merchants-Nationality: FilipinO-Capital Stock: Pesos 7,000.00 divi~ed into 70 shares of the par value of Peso$' 100.00 each _ Subscribed Capital: Pesos 7,000.00-Capital Paid: Pesos 7,OOO.Oo-Incorporators and Directors; P. Quintos, K. Oshiro, K. Chinen, U. Oshiro and S. ItokazuTreasurer: V. Oshiroi Piasay. R\zal. DALUPAN & TORRES Head Office: 208-213 Cu Unjieng Building, Manila-Natio1lality: FilipinO--Business: Certified Public Accountants---Principal$: Francisco Dalupa'll. C. P. A. & LL. M.; Jose L. Torres, c. P. A. & B. S. c. DANGWA TRANSPORTATION CO., INC. Head Office: Baguio-Hegiste1"6d: July 12, 1935--Tel"1n: 50 yeal;s--.Business; Transportati9n of paesengers and fJ::eight-M$i07lali ty: Filipino -Capital Stock: Pesqs 100,000.00 divided into 2,060 shares of the par value of Pesos 50.00 each -Sltbseribed and Paid-in Capital: Pesos 49,350.00 -lncoTpfJrators and Directors: Edmond Demot, Bado Dangwa, D.alVid Fianze., Santiago Totanes, Henry Tandoyog. Alfonso Binayan and C. de G. Alvear-TreaStwer: Bado Dangwa, Trinidad, Mountain Province. DAGUIT-SAN MAURICIO GOLD MINES Head Office: Room 103 TuarLOn Buildino:-, 12 E9Colta, Manila-In Proce6S of Incorporation_ .Sati~1!ty; FilipinO--Capital: Pesos 1,250,000.00, DIVIded into 125,000,000 Shares at Pesos 0.01 each -lJ1rectors: The Most Rev. Father Procurator Ge. rardo Sastere. O.S.B., Chairman j Don Antonio SagafTa: Porta, of the Porta PUeo and Company,
135
Memheri Bon Tomas Geronimo, Foremost Rubber ShQe Manufacturer of the Phllippines, Memberi Man, Don Dee Hong Lue, Well-known Lumber Real Estate Proprietor and Merchant, Momber; Don Alejandro Roces, Real Estate Proprietor and Business Man, Member i Dr. Melquiades Vira-ta. President, Apex Mining Promotion and J.nvestment Compg.ny, Mem~r-Auditors: Alberto V. Ga.rcia & Co.-Counsel: Atty. M. G. Virata.-Bank Reference: Philippine National Bank. The properties of this company consist of 65 gold lode claims in the sitio of Busigan, bal'rio of Daguit, Municipality of Busigan, barrio of Daguit, Municipality of Labo, Camarines Norte. These claims are duly registered in the mining Recorder of Camarines Norte, in its, Registry Book No.9, Page 1398, O. R. G. 633305. The properties are located near the provincial road and other mining companies under operation. Resultls of assays of outcrop are very satisfactory. the property being greatly mineralized. Water and timber for exploration purposes are plentiful in the property. Labor skilled for mining purpose~ can be hired locally. Preliminary explorations and open cuts are now being done on the properties. DATU LABUY MINING COMPANY Head Office: Manila, Philippines-Registered: December 11, 1936-Term: 50 years_Business: Mining-Nationality: FlilipinO--Capital StrxW: 4,000 l'hares without par value-S!tbScribed CapitaL: 800 shares without par value-Capital Paid: Peso9 ,OOO.OO--Incorporators: Walter Robb, Ro!;-alina de Confesor, Sam S. Feldman, Jaime M. Reyes~ Vicente H. J'aleco, Tomas Confesor and Epifanio Baena. DAVl\.O F>EVELOPMF.NT COMPANY Head Office: Sanmnillo Bldg_ Registe1'ed: August 17', 1936--c/o Gra\. Securities Investment'erm.: 50 years-Business: Timber, Lumber and â&#x20AC;˘ roducts--Nat1'onality: Filipino-Capital Stock: esos 500,000.00. divided into 50,000 shares of the par value of Pesos 10.00 each--SubsCTibed Oa.:pital: Pesos 100,000.0Q-Capital Paid: Pesos 25,000.00Incorporators and Directors: Jorge L. Aranet.a. Ramon S. Araneta, lOOfael R. Alunan, J. Amado Araneta, Godofredo Montinola and Pedro C. Hernaez-Treasurer: Ramon S. Araneta, Maao, Negros Occident:3i. DAVAO FISHERY, INC. Head Offi.ce: Davrao, Davao- Reu1ste-red: August 28, 1936-Ter/11I: 50 yean_Business: Fishing
136
THE COMMERCIAL & INDUSTRIAL MANUAL
in waters of the Philippine Islands-Nationality: Filipino-Capital Stock; Pesos 15,000.00 divided into 150 shares of the par value of Pesos 100.00 each -Subs(wibed C(7)ital: Pesos 7,500.00-Capita/
paid: Pesos 3,750.00-lncorporutOrs a1l(i Directors: Gaultier F. Bisnar, Comnclo Nuiiez, Matsusuke Yafuse, Harukichi Uehara and Fusaichi Sakai-Trea.surer: Fusaichi Sakai, Du\·.uo, Davao. DAVAO LIGHT & POWER COMPANY, INC. Head Office: Davao City, P. L_National1t,y : Amcrican-.F ilip;llo - BWJiness: Public UtilityEstabbishcd: October, 1!l29_ Aut/w'ized Capi/.Jl1l: Pesos .fOa,aOU .DU (Fully Paid Up)-Pm' Value of Shares: Posos lOO.OO-Pri)lcir.kils: W. H. Gohn, Presidenl; P. H. Frank, Vice-President; S. B. Frank , Secretary; Members: 1111's, W, H . Gohn, Mrs. P. H . Frank-Branch: 1I1."<lnila-Ageltcies: Ford Cars & Truck~; Firestone Tires; RCA Radios And Phonographs- Bank Refcl',mcc: Peoples Bank and Trust Company, Manila P . 1. DAVAO LUMBER COMP~Y Head Office: Sant.'l. Ana, Davao, PhilippinesBJ'allches: Magallanes and TOl'il-Nationality: Chinese-Filipino---Bl!sitHl8S: Hardware, Lumber Comestible Goods-Private Partnership between G. B. Cam, Manager, Sey Kino, Lim Yee Kim, L ee Tiec and Ngo Uy-A1Itho7'ized Capital: Pesos 140,000.00 -Agencies: Rizal Ccment; Quiroga Beds; Maxim Lamps; Goodyear Tires; Lucas Painli--Bank RefeJ'ell<:e: Philippinc National Bank. DAVAO PROVINCI AL TREASURY EMPLOYEES SAV I NGS & LOAN ASSOCI ATION Head Office: Davao, Davao-Registel'cd: 1\'lnrch 27, 1935-TtWln: 50 years-Business: Savings and Loan Society-Nationality: FilipinO-17tcorp01'lllol'S alld Directors: T. 1. Alfeior, Sebast ian C. Balagtns, Com,tancio S. Sa sedor, 1\1. R. Borja and Irineo Labor. 'rHEO. H. DAVIES & CO., LTD. NClld Office: Honolulu-Ma.nila Office: Perez Samallillo Building- B)'<Illches: San Francisco and Honolulu - Nationality: British-American----.BlUri11eS8: Sugar Factors; Merchants; Tnsurance and Commisson .Agenh- Establi,dlcd: 18-15 in Honolulu 1928 in Manila and Brancbes-A Hawaiian Corporation-P/'incil}(fls: G. H. Wilkinson, Manila Manager; G. G. Gordon, Manila A9Sistant Manager -Agents for: Bogo Medellin l\'lilling Co., I nc.; Lincoln Nntionnl Life Insurancc Co.; Cebu Sugar Co .• Inc.; EI\rnsh;H\'s Docks & Honolulu Iron WOI'ks; St.
Paul Fire & Marine I nsurance Co., Inc.; London & Scottish I nsurance Co.; Northern Assurance Co.; Yangtze Insurance A9Socintion-Ba.nk Reference8: Chartered Bank of I ndia, Australia & China; Hongkong & Shanghai Banking Corporation. DA YAK A MIN I NG COMPANY, I NC.
Head Office: C/o Mal'sman & Co., de los Reyes Bldg., Manila-Regist6'l'cd: September 3, 1936Tel'n~: 50 yeal'!!.-Blwinc88: Discovery, Exploration, L ocation , Development and exploitation of miner als in the Philippine Tslands-Na,tioll.ality: American-Capital Stock: Peso!) 1,000 ,000.00 divided int.l 10,000.000 shnres of t h e pur value of Pesos 0.10 each-Sub8cribcd C«1JifItIl: Pesos 300,000.00- Capi. tal Paid: Pesos 129,159.62-Boord of Dit'cctor8: Chas. A. McDonough, P residcnt; H. B. Pond, Vice· P resident; MI'. Lauritzen, J. R. Shaw. W. W. L arkin, E. J. H(,l'genhan, DiI'cctol's; J. R. Wagner, Secretary; W. W. La r kin, Treasurer; Mrs. Louise Miller, Assistant Treasurer; Gibbs & McDonough, Attorneys-Bu'llk RefereJlce: National City Bank of New york. 'Jihe corporation was organized September 1, 1936, .w ith an authorizcd capital of Pl,OOO,OOO, divided into 10,000,000 shares of a par value of PO.IO each. No shar es wel'e, offered or sold to the public by the corporation. Of the authorized capital of your corporation 5,584,720 shares, huving a pal' value of 1'558,472, have bcen issued and paid for in fu ll in cash. There is no escrow stock ; no commission 01' p romotion fecs have been paid to anybody; every share of stock outstanding' is covered for by ten centavos, its pal' value, paid into the treasury. Nothing has been pnid, nOl' h avc any shares been issued in pnyment, for claims. No officer or di rector of the compan y has rcccived any fees or salaries or pny'ment of any natur e for his sel·vices. The firm of Clarke & Larkin is paid u nominal fee for k(!Cping the accounts, office I'ent, etc. Outside of this and of legal fees, till expenditures have been for the development and protection of the propert~f. The pUl'pnse of the corporntion was to explore and develop 74 lode mineral clnims located in the Barrio of Litug, Municipality of Bokod. Province of Bengul't. Before this group of claims was acquired by the company, it had been extensively explored by a minin~ association at its own expense over a yel'iod of more thnn two years. The property was examined by the cngineers of Marsman & Co .. who l'ecommend~d furthcr exploration nnd development,
PHILIPPINES
137
DAYAKA MINING CO., INC Classified Trial Balance, July 31, 1937 DEBITS . ........... Pesos 58,867.64
CAPITAL DEVELOPMENT .. CAPITA L INVESTMENTS: Land and claim options ..... . Powerhouse machinery and supplies .. Compressor and blacksmith
shop
buildjn~ ............
.
Assay office bU Ilding .. . Mi ne buildi ng .. Mine machinery and equip-
men t ... Camp build ings. '" Water supply installation ..... Light and po wer house instaIb.tion. Telephone line ... HOshital building ..... . TO~c~t~~.d engineering cquiI\ Furniture and fixtures .. Miscellaneous equ ipment. Roads, trails and bridges ...
Pesos 148.00
CREDITS CAPITAL STOCK: Authorized and subscribed10,000,000 shares at 0:0.10.. 1'1,000.000.00 Less unpaid subscriptions .. 441,528.00 hsued and outstanding .. Plus payments on shares nOt issued .. MISCELLANEOUS INCOME. CURRENT LIABILITIES: Accounts pa~'able .. 'l'16,59l.84 Accrued payroll. .. 5,191.84 Unclaimed wages .. . 505.78 116.00 Chapa deposits .. .
6,335.45
1,418.01 2,268.n
384.31 43,524.95 6,025.52 146.10
Total current liabilities.
651.46 )89.01 9.24
AMOUNT RECE IVED FROM SALE OF STOCK PAID TO MARSMAN & CO. FOR EXPENSES. Pl68,555.l9 MINE CASH FUND .. 1,708.31 'P67,001.20
Total paid to Marsman &
FURNITURE AND FIXTURES-MAIN OFFICE
DEFERRED CHARGES: Machi!ler>: part$ and supplies. Otianlzatlon expense ........ . De erred insu rance .......... .
2,302.00 10,lll.ll 1,054.l2
'Pl2,78 ~. 89
'1'170,263.70
288.00 1,054.32 lll.20 175,268.62
BALANCE IN NATIONAL CITY BANK OF NEW YORK, J ULY 31, 19l7 .. CASH AT THE MINE ... PETFY CASH AT TRANSFER OFFICE ..
Pl8l,203.62 1,70S.31 113.20
To ta! cash.
l ,549.50 52.7.80
DUE FROM MARSMAN & CO.: Accounts receivable, employees.
3,671.43 '1'388,696.56
l6,852. 19 'P192,272.2l
f"l71,20).62 1,7OS.l1 lll.20
Total cash...... 'l"}85,025.11 Accounts receivable.... .. l,671.4l Total current assets .............. . Total ....
Co..
Organ i1ati on pense. Furniture and [ures ... General. Petty cash fund ... Total spent ..
29, 25l.20
Total .. CURRENT A..."5ETS: Nationd City Bank of New y ork ........ . Mine cash funds .......... .. Petty cuh-Transfer office ..
288.00
P15,56l.55
Total deferred charges.
1~580,96S . 79
JULY ll, 1917
1,592.89 856.94 41.00 3,109,55
Total expenses ..
.34 88.99
2.2,407.46
TOTAL. .
Tou.l capital investments ..
EXPENSES: Mine gecerd expenses ....... . Indirect mine and general ovcrhead expenscs ............ . Managing asc"!s fees .. Transfcr oflice seneral expcnscs
'[>558,472.00
'I'J88,696.56 'P580,968.79
DUE TO MARSMAN & Unpaid invoices. Accrued payroll, due yees ... Unclaimed wages, due yees .. Chapa deposits, due yees .............. . Total.
CO.: 1'16,593.84
emplO5,191.84
emplo. 505.78
emplo. 116.00
BALANCE OF CASH AFTER COu.ECfION FROM MARSMAN & CO. AND PA YMENTS TO T HEM .................. .
'[>366,289.10
THE COMMERCIAL & INDUSTRIAL MANUAL
136
---, LARGEST CHROMITE SYNDICATE IN THE FAR EAST
DE LOS REYES, BENIPAYO & UY Controlling-Developing-Operating
ZAMBALES-SANTA FE CHROMITE CO. Property: Sama Fe Mineral Group I.-Located at Sir io of Maritan, Barrio of Santa Fe, San Marcelino, Zambales. Philippines. ZAMBALES-SAN JUAN CHROMITE CO. Property: Quo-e Mineral Group I.-Located at Sicia of Quo-e , B:mio of San Juan. Dorolan, Zambales, Phi lippines.
ZAMBALES-NARANAC CHROMITE SYNDICATE Proper'tJ:
Naran:l.C Mineral Group IL-Locat.:=d at Naranac, Barrio of Poombaw, Municipality of San Marcelino. Zamba les, Ph ilippines.
GRAND ZAMBALES CHROMITE CO. Property: Quo-e Mineral Group n .-Located at Siuo of Quo-e. Barrio of San J uan. Municipality of BoroJan, Zambales. Philippines.
NORTH OLONG:t..PO CHROMlTE CO. Property:
Sa nCa Fe Mineral Group ll.---'Located at Sino of Maritan, Barrio of Santa Fe, Municipality of San Marcelino, Zambales, Philippines.
BOTOLAN CHROMlTE CENTRAL Property:
Naranac Mineral Group H .-Located at the Sitio of Naranac, Barrio of Poombato, Bowlan, Zambalcs, Philippines. For your chrtnnitt suppJie.r communicate with:
DE LOS REYES, BENIPA YO & UY MINING lNVESTMENTS-DE"\TELOPMENTS-PROMOTIONS Ansa ld o Bldg., 250 David SL, Manila. Td . 2路26路34, LOCAL BRANCH OFFICES..
SALOME PANGANlBAN
FRANCISCO
AGUILA
Branch Man:l.ger
Branch Manager Ci ty of Bagllio, Philippines
Legaspi, Philippines
MANUEL CONCEPCION
AQUILINO SAULOG
Branch Manager City of Il oilo, Philippines
Branch Manager Naga, Cam. Sur, PhjJjppiocs
PHIlJIPPINES P. C. DE VERA & CO., INC. Head Of/ice: Manila, P. I.-Nat'iomllity: Filipino--Bu.ines8: Brokers-E8tabli.hed: September 27, 1937-Capital Stock: 450 Shares without Par Value-Sltb.cribed and Paid-in Ca,pital: Pesos 1,OOO.OO---btcorporators: Pedro C. de Vera, Teodoro P. de Vera, Tomas Clemente, Pasilio Francisco and ViCilnte Marasigan. DEALERS COOPERATIVE CORPORATION Manila Office: 521 Rizal Avenue-Branch: Iioilo--Proprietors 0/: Royal Shirt Factory_ESlta. bli$hed; 1920 - P)-incipal: 路A. Panayotti-Capital; Pesos 100,OOO.00-P,a.?路 'Valtu of Shan-es: Pesos LO.OO - Telegl'aph: "RoyaJl' - Bank Re/erence: Philippine Trust Company. DEE AND GARC I ~ & CO., INC. H ead Office: 324 San Vicente. Manila-Registered: October 10, 193~;rel'm: 20 years-Business : Commission Meichan~Nationlatity: Filipino-' Ca,pi/.al Stock: Pesos 500,000.00 divided into 500,000 !!har es of the par value of Pesos 1.00 each--Sllbscribed Capital: Pesos 250,OOO.00-Ca.pital Paid; Pesos l SO,OOO.OO-lncorporators and Directors: Dee C. Chuan, Gonge Dee Se Kiat, Tirso Garcia and Robert Dee 5e Wee. (Gan Cio Ean, is an incorporator omy) and (Lu Tian Han, is a director omy) T)'ea6)o'"er: Robert Dee Se Wee, 2005 Robert, Pasay. Riza1. DELGADO, CORTES AND CO., INC. Head Office: Manila, Philippines-Registered: December 10, 1986--Term.: 50 years-Business,; 'Brokerage-Na,tiOnlality: Filipino- Ca,pital Stock : Pesos 195,000.00 divided into 1,950 share9 of the par va lue of Pesos 100.00 each-Subscribed Capital : Pesos 39,000.00 - Capital Paid: Pesos 24,500.00Incorpora,tor8: Jose Ma. Delgado, Augusto J. D. Cortes, Angela de Millar, Leoncio M. Aranda, Gabriel La 0, Fidel A. Reyes, Rufino Abriol, A. R. Unaldo Jose Lauchengco, Felix Tiongson, Jose Delgtado Jr., Manuela (rlly, P. J. Sastre, P. E. Arana and P. J. Martin. DEMONSTRATION GOLD MINES, LTD. Head Offics: Baguio, P. I.-Incorporated Uhdel' the Laws of the Philippine Islands, October,
139
1932-i1-1Ia.n.ila. Address: P. O. Box 1466-Capital Authorized and ls:ru.ed: Pesos 1,000,000.00, Divided into 10,000,000 Shues of 10 Centavos Each-Directors; A. W. Ralston, PreSident, W. S. Price, VicePresident, N. Baldwin, J. D. Highsmith, M. M. Morgan, Director-F. Segado, Secretary; A. S. McKenzie, Treasurer, Peoples Bank & Trust Company, Stock Transfer Agents Peoples Bank & R. Caldwell, J. Fisher, Shift Boss. T. Casad, Mine Superintendent, V. Collinson, Shift Boss, O. J. Tuschka, Assayer- Bank Reference8: Hongkong & Shanghai Banking Corporation; Peoples Bank & Trust Company.
As of September 2;d, 1937; the directors of the company recently declul'E'd a cash dividend of 10 percent 01' PO.Ol per shar e, payable on September 20 to stockholders of record at the c!ofoe of business on September 15. This makes a total of 30 percen~ or PO.O:.t per share paid this year. General SUperintendent's Report for the Year Ended December 31, 1936, February 18. 1937; Gentlemen: The following report covering the operations of Demon stration Gold Mines, Ltd., for the year ended December 31, 1936, is hereby submitted for your consideration. Ore values are given in pesos with gold at Pesos 70.00 per ounce. DUl'ing 1936, Demonstration mine and milled 73,984.5 rtollSl of ore for a total production of Pesos 1,476,345.33, making a recovery of Pesos. 19.95 per ton, a substantial incr ease in production of Pesos 546,002.08 over that of 1935. At ,t he beginning of 1936, the estimated ore reJerve was 200,729 tons. During the year 13,297 teet of development work was done from which 1)20,266 tons of ore was developed ullowing U9 an I['e rel!er,ve of 246,717.35 tons for 1937. DESTILERIA LA FUERZA LrM SAN & COMPANY Head Off1路cl'.: 412-414 F\lndidol, S. Nir,ola!l, Maniia-DistiUeJ"1J: 4]] Fundidol', S. Nicolns. ManilaNationality: Chinese--Burinl'!ss: 1\Ianufacturf'l'J; of Wines and LiquorS-Established: 1902-Principals." Lim San, Co Chien, Wl' It-Capital: Pesos 101),000.00 -Telegraph Address." l.a Fuerza-Bank Re/erence : Philippine Trust Company.
I'!OTE:_THE INFORMATION CONTAINED I N THE COMMERCIAl. 8< I NDUSTRIAL. MANUAl. OF THE PHIl.IPPINES IS OBTAINED FftOM SOURces BeueveD TO BE REl.IABLE AND IS THEREFORE BEL.IEVED ACCURATE. BUT IS NOT GUARANTEED II'! ANY WAY AND NO RESPONSIBIUTY THEREFORE CAN BE ATTACH EO TO THE PUBLISHERS OR ANY REPRESENTATIVE THEREOF.
140
THE COMMERCIAL & INDUSTRIAL MANUAL
DEMONSTRATION GOLD MINES, LTD. Balance Sheet, As At December 31, 1936 ASSETS I.
Fixed "'5$(:[5: M ine CI:lims and Development,
1.
Balance DÂŤember 31, 1935. 1)58},616.80 Add: Development Expcn~s during 1936.. 115,400.16
II .
699,016.96 Dtduet: Reserve for Depiction,
1936. II.
LIABIUTJES Capital : Auth orized and Issued : 10,000,000 Shares o f Pesos .10each .... !"-1 ,OOO,OOO.OO Resenes : Resetve for Workmen's Compo Ins .................. ' Miscellaneous Reserves ..
1" 9,442.39 5,8)0.41
15,272 .80
34,208.15 35,554.66 33,981.02
103,743.83
92,}49.67
221,892.70
221,952.09 f'477,064.87
1I1. Current LiOlbilicics: Accounts Payable Accrued Salaries and Wages. Accrued Taxes ...
Pla.nt, Buildings, Equipment, Etc.: Mill Si te .. 52,607. 12 Mill Buildings. 34,878.80 Mill Machinery &. Equipment.. 270,131.30 POlVer Plant Machinery &. Equipment, . 159,485.19 Machine Shop Equipment, 10,218.87 M iscellaneous M ine Buildings .. 63,765.49
IV.
Surplus at Dec. ll. 1935. Add: Undistributed Profits, ]936.
Miscell.menus Mine Machinery &.
Equipment, ..
Assay Office Equipment,
\
W:l{Cf &. Air Systems ...... . Sewer System ..
Tr.losportari on Equipment .. . Mine Tools lad Equipment .. . Household &: Hospiu.J EquipmenL ..
Furniture &. Fixtures .... ROlds, Trails and Bridges. Surveying Equipment.
D,durr Depredat ion Reser ves.
28,786.89 8,376.'16 13,083 .85 762.07 7,241.2} 2,585.78 5,468.50 },569.92 7,167.}O 1,271.03
' 669.399.80 140,171 .15
III. Inventor ies.. IV.
529,228.65 97,633.33
Liquid AS5ets: Cash on Hand in Banlr.sLess Overdraft .. 96,116.57 Bullion in Transit.. "P181 ,669.40 LIII: Advances against Bullion.. 50,000.00 131,669.40 Accounts Receiva ble . Government Deposit. In terest Accrued ..
V. Dderred Assets: Prepaid Charges.
4,l15.95 30.00 619.l7
---
A. W. RALSTON, PrII,J"" . 212,981.29
A. S. McKENZIE, Tmu"", . CLARKE AND LARKIN, A"Jilm.
',001.19
!"1,141,909.33
1"].341,909.)3
PHILIPPINES
19,1r
DEMONSTRATION GOLD MINES, LTD. Statement of Operation Costs for the Year 1936 Watchmen .... AU[Qmobile wd Truck Ex peoses. ExpensesOffice Baguia. Office ExpenscsManila ........... . Miscellaneous ... . Depredation, repairs, etc., on MisceJJanous Mine Bldg$.. .. Fire and Earthqu;l.ke Insurance .. Land Taxes ..... Mcss Operation .. Tunsporcacion Expcnses ... UnaJlOC;l.ted Freight.. Checkers and Timekeepers .. Work men's Compensation Insuuncc . Donations . .
Mining: Dircn Charges: Stoping, Traming & Hoisting ........ 'P140,642.91 Rc,Pairs. ... .. .. .. . 25,311.24 MIDC: Timber Used. 84,905.65 Supervision.. .. . 18,012.90 6,078.14 Miscellaneous.. Workman 's Compensation Jn$uranc:c:
IndireCt Charges: Po wcr. Blacksmith and Machine Shop....... . Depreciation-Miscella neous Mach inery and Equipment.. Assaying ..
4,60).58
1~279,5S4.42
6,526.00
3,8)1.1) 8,(0).84
7.0n\!4
25,438.91
74,278.03 Total Mining COst of tODS. . . Deduce: Mine COst of
304,993.3)
Ore in Bin
at
Dec.
31, 1936. . . .... .. . uu: MioccostofOrc in Bin at Dec. 31,
19}5. Milling: Direct Chuges: Washio!, Grinding and C assifying... Thid:ening and Agitating.. .. ... Solution Handling. Clarification, Precipitation & Refining Sluoe Filtering. ... Tailings Disposal. . Assaying... .. .... . Administratioo. . Miscellaneous.. Indirect Charges: Depredation Mill Buildings and Mat'hinery. Worluneo's Compensation Insurance.
1,211 .00
117.95
4,353.24 5,812.08 8,562.52 2,885.32 7,714.18 15,670.79 6,328.62 431 .75 J ,859.G3 1,248.75 62,86 3,680.50 566.46 700.00
Total General Charges.
1,103.05 'P)oJ,890.28
. ~PERATION STATEMENT FOR THE YEAR 1936 Mmmg .. , .................... . 1~ 30),890.28 266,712.39 211 ,952.09 Operating Profit Account SI D . 552,948.77
~:~:td~~pci~;.~::::::::::. ::
62,419.22 9,132.89 65,951.21 21,306.96 12,)18.65 2,442.18 6,415.06 29,054.15 6,300.60
130,841.80
Total Costs-"Mining" Milling" and "General Chargcs','......... ............. 1"923,396.56
P},476.345.3]
Sales of Bullion.
"'1,476.345.33
PROFIT AND LOSS ACCOUNT FOR THE YEAR 1936 [merest and Exchange ... . . ..... ......... , ... ", 5,687.76 Marketing Expenses. 9 180 60 Bullion Taxes. . .. .. .. .. . 18:598:00 Rescr ve for Income Tax". ................. .. 28.791.74 Net Profit carried Profits Appropriation Account. 491,349.67
215,140.93
f" 554,607.77 50,848.20 523.26
Operating Profit Account B/ D.. . Interest Received ............. . Miscellaneous Income . . . Transfer Fccs.. . "
51,371.46
Total Milling Charges ............. .. M:e Redemption Cbarges at P3.oo per ton JJ ed ........................... . General Cbarges: Adminisuation Salaries 46,347.20 Hospital Expenses .. . 5,520.95 Bodega Expenses .... . 4,507.60 C=:r Mainteo ;l.nce.. . 13,015.11 Roa ~d Bridges MaiDlenance ..... 1,574.84
266,712.39
1~
552,948.77 810.72 658.69 189.59
'P 554,607.n
22).,952.09
PROFITS APPROPRIATION ACCOUNT Dividends paid during 1936 . .. .. .. .. .. .. ..... 1Âť 400 000 00 Balance to Surplus .. .. .. .. .. .... .. . 92:349:67 ,~
Balance from Profit and Loss Account.
492,349.67
'P 492,349.67
H2
THE COMMERCIAL & INDUSTRIAL MANUAL
DESTILERIA DE TANDUAY, INC. Head Office : Elizalde Bldg., Manila_Regis_ tvcd: March 18, 1935-TtI'm: 50 years- Business; Alcoholic beverage!:, Wines, Spir its, Perfumes. Alcohol, and Gins-Nationality: Filipino-Capital Stock; Pesos 500,000.0(1 divided into 5,000 shares of tha par v-alue of PC!60s 100.00 each----Sllbscribed and Paid-in Capital: Pesos 250,000.00 (Cash, Pesos 600.00; Property Pesos 249,400.00-incorporatoTs and D i1'ect01's: J. J. Elizalde, F. von Kanuffmann, J. M. Elizalde, Juan Elizalde, .Angel Elizalde and l\flanuel EliUllde-Trcasu?'cr : Eduardo YrezabaL
DEVELOPMENT & l\IlNINC CO. OF THE PHILIPPINES Head Office: 407 Perez S-amnnillo Bldg., E5coltn, Maniia- Reg'istlwcd: August 25, 1936-Te1'In.: 50 years-Business: Mining, Placer, mining, Milling, Concentrating, canverting, Smelting, Treating, Preparing for rn.'Lrket, Manufacturing, Buying, Selling, Exchanging, and ~therwise producing and dealing in Gold, Silver, C0'l?per, Lead, Zinc, Brass. [ron, Steel, Lime9tone, and all kind of ores, Metoals, and minerals-Nationality: Filipino-Capital Stock: Pesos 2,000,000,00 divided into 20,000,000 shares ctf the par value of Pe~os O.~O each-Subscribed Capital: Pesos 450,000.00-Capitai Paid.' Pesos 112,500.00-l-l1co)·poratOl·s and nirectol's: Jorge L. Araneta, JWfael R. Alunan, Ramon S, Araneta, J. Amado ANlJ'Ieta, Pedro C. Hernaez, Bonifacio J. C. Montilla, Emilio Vidal and Aguedo Gonzaga. (Pedro C. Hernaez, Bonifacio J. C. Montilla and Aguedo Gonzaga, are incorporators only) - Trea·stl:rer: Emilio Vidal, M-aniln, P. L DEVELOPMENTS INC. Head Office: Filipinns Building, Manila- Busi. 1less: Geophysical Mineral Surveys-Successo)'s to: Geophysica l Prospecting Corp. - Board of Directors: April 1937- Roger W. Clarke, Pres. & Gen'} l\Igr .. R. C. Sba\g"ht, Vice-Pres., Paul A. Gulick, Director B. H. Berkenkotter, Director, J. R. Herridge, Dire"tor. A'nnW!1 Report to the Shareholders; March 2, 1937-W e take pleasure in presenting to you the -attached Balance Sheet for your first fiscal year ending December 31, 1936, as submitted by your auditor~, Rerry Bunter Bayne & Co., Ch~rtered Accountants. It is easily seen that your Company h_9 enjoyed a particularly prosperous fiscal yearactually compri sing about 8 months operations. It
is noteworthy thnt dividends amounting to 40 % were earned and pnid to the stockholders during the past year. Developments, Inc. w.ns incarpornted in late ,April, 1936, and a short time thereafter -absorbed the Geophysical Prospecting Corporation. Its purpose is strictly technical and provides the Philippine mining industry with a wen balanced staff for the mnnagement and investig~tion of mining entel'prises. A synopsis of t he past year's aativities is as follows: The engineering peroonnel, including mining engineers, geologists and geophysical engineers, was expanded from about four to fourteen men in order to handle almost every phase of technical superVIsIOn. Prevai ling active condit ions warrant the arrangements already made to bring G additional engineers here, thereby providing a staff of twenty. Herein i~ an alphabetical list as of December 31, 1936 :
Two geophysical crews have been constantly working and iQ. third creW is now being organized to assist in fulfilling of pre~ent contracts. Geophysical surveys made during the yeaTS 1936-1937 (April) include:
c~O:eRf~~!a~~n:08~:~~ l~~~i::. %'~id'~ft·l. Cal
80", Soutbern
Mnnmno d: Co.-United Pnrllu lC!. Coco GroyO, H"liauin" Bato CJ~im. Demonel.ntion Gold :'oline., L.td. EJillllde & Co.. )r.C!. Benluet Elploration, In e.
~~;u~'~~id~~d. ~{'iininlf
Co. Gum.OII Gold6elda :'oll"inll Co. Gum. OII Gold6elda. I DC!. Equitable E~lonlioD Co.. Ine. Antipolo MinU'1 Co.
t~~ln~U~:t.~i,jk (Opi..o Ie Co.) Gold R ock MiniDS Co. Mineral RCi ource., Ine. Suric" SUfoc Miniog Co. Premiere-P,li :'olio;n, Co.. Inc. IIOlon Centnl "'io.oS Au·n. M.~uioto MioinS Co .• In e.
...
~:.s.a~f.!~~~~~o~!rt looc~'
PHILIPPINES
143
D~VbQ~MbNn- NC WE PROSPECT_ _ __ Our Geophysical Prospecting Methods for locating vein structures minimize prospecting cos ts and risks. Our judgment founded upon 12 years geophysical experience includes service in the Philipptnes, U. S. A., Canada, Mexico, U. S. S. R.
WE DEVELOP_ _ _ __ A. well rounded staff of mining engineers, geologists, geophysicists and mill consultants are ready to cooperate with you in achieving the devdopment of. your mining properties.
•
WE PRODUCE,_ _ _ __ Our success is predicated upon efficient, courteous, aad confidential technical services to well over 50 mining companies within the Philippine Islands, including some of the largest producers.
~
~~_/~~ I /
(;\) )/\,. ~
~
DEVELOPMENTS INC.-MANILA, P. I. P. O. Box 3230 -
- '
FILlPIN AS BLDG.
TEL. 2-17·46
THE COMMERCIAL & INl'>USTRIAL MANUAL
J44
DEVELOPMENTS, INC. Balance Sheet, as of December 31, 1936 ASSETS
LIABILITIES
1'178,348.)1 Cash on Hand and in Banle ..... 20,864·54 Debtors and Debit Balances. Office Furniture and Furniture and Fixtures-as 2,744.62 depreciated .. 6,000.00 Equipment-as depreciated. 1,62').00 Motor Car--at COSt .• 10,651.56 Investments , . 45,000.00 Goodwill, Patent Rights, Contract Fees, ttc. ..
Deferred Chargcs:Organ iz:aion Expenses ..
.... P
Sundries ..
822.04 3,426.02
Accounts Pa YlIIblc :For Suppl ies and Expenses ... For Income Tax For Sundries .....
Capital Stock:Aurhvri'1,.(J: 2,500,000 shuts cents each....
:l.t
'P 6,999. 19 5.967.58
9,:m·55 f"n,}21.3l 10 1~2S0.000.00
lwud ami Fully Paid:: 2,465,000 shares at 10 Cen ts eKiI.
l46,500.(X)
4,148.06
Surplus :Balance from Geophysical Pros 'P 7,430.n pecting Corp 91,8l9.64 Add : Net Profit ( Page }) ..
LUI;
Dividend D.:dared ....
'P 99,259.n 98,600.00 _ _
6_"_.,_,
1'269,482.09
'P269.482.09 HENRY HUNTER BIl NE & CO., /fuJirm. Cb<lr~'ItJ A"vunlanfJ.
Profit And Loss Account, Seven Months Ended December, 1926 'P55,985.OO 106,500.00 442.97 f'162,927.97 EXPENDITURE '1'38,402.92 S~.laries and Bonus. 2,078.26 Office Wages. 2,101.59 Labourers' Wages 2,521.32 Field Supplies and ExpenlCS. Travelling Expenses:Foreign. .. .. .. .. .... 1'3,806.69 Local-including hOld and su bsiStence 5,944.30
Office Rent, Telephone and ugbt ..
9,750.99 627.62
St~cioncry
and Supplies ...
944.83
Cables, Telegr;UJ1s and Postages. Legal and Accountancy Cbarges.
3,112.53
Survey ing Expenses.
1,504·00
Office
INCOME Contract Fees .. Profit on sale of Investments .. Inlerest Earned .....
Laboratory Expenses ... Parae ale Expenses.. . General Expenses .. . Motor Car Expenses. Depreciation-Furniture and FixtufCs . Depreciation-Equipment . . ... . Royalties .. Income Tax.
96].74
30.55 420.70 1,213.00
(61.80) 314.87 414,43
J,24HlO 5,509.78 1>71.098.33
Net Profit
P91,82.9.64
PHILIPPINES Elmny Goldfields. Inc.
by each pa1·tnel·: D. Chandumal, D. R. Chandnani, Pesos 5,150.00.
. .
Tuba Co,,"ol,<lntoo ~rining AuocJRhon. Royal Pnrnc"le Mill~. Inc .. Santn Julin Mining Associntlon.
R~~g~:~t:"'~~iid~t~f':,,~~i;'g
Co.
CIIIII1K"n dn Oro.
t~~.ogO~~f~n~,~~.infn~o.
Gold Queen Clnim.
~~~:~~t "g~~~~'i~:t~Ti~ri':,1~:"ho._Flon..mie
CaJ>'!4Y Mining Co. Cappy Mining Co. n ata"I1'" Mineral!. CaJ>MoY Mining Co.
Property
(pan..u...y) (Bod,) Inc. (p elibon)
Technical management contradJs have been signed and mine and office organization set up to fulfill 9uch .contracts, The contracts actually in force are! DR lol Bny 1\Iining
~oc.
~~~taJ'~~IcE~fl~i:ti~o.Co .. Inc. • Mine Opom~,ons. ~nc.-CIIP"ay proper!!".
Mine Operation_. Inc.-Layog Gold lIIin O!fl
~~::: g~:~:i~:: ~:~:=i~:"?r:;d:C
Tuba Consolidated Minin!:, Astor.
Oro
Creditable records for speed, low costs and efficiency have b~n mafntained. Pat1ticutarly in the case of Capsay development has progressed ver3 rapidly. Although not actually signed until 1937, Developments, Inc. made the preliminary examination and was instTumental in arranging an operating contract bet\~~m Mine Opera~ tions, Inc, and Rio Verde, Inc. Your company provides the supervision of these opel'l\tion~. Numerous examinations of various types, in~ eluding chrome, manganese, copper, gold and silver properties, were completed. In some c:a.se~ these were conducted for standard fees, whereas in others, technical management was the consideration. Your company felt the need of un independent metallurgical engineering organization in the Phil~ ippines ~nd as a result has. persuaded I!;he South~ western Engineering Company of L09 Angeles, California, to enter the Philippine mining industry sp~lalizing in the field of ore testing, mill design and mill contracting. We are pleased to state that there is every indication 1937 will be another highly successful year. DEVELOPMENTS, INC. Roger W. Clarke, President. DHARAMDAS & CHANDUMAL CO. Head Office : Post Exchange 31st Infantry, Cua:rotel de E~paiia-Registered: April 17, 1936Term: From January 24, 1985 to December 31, Merchants-Nationality: Indian 1930-Bu..rine88: --Ca.pital: Pesos 17,OOO.00-Capital contributed
145 Pesos 11,850.00;
DILAG & MARQUEZ COMPANY, INC. Head Office: Guimba, Nueva Ecija-Regist.e'red: March 19, 1936-Te1"7n: 25 years- Bltsiness: Rice Cereals, and conunodities of native production -Nationality: Filipino - Capital Stock: Pesos 120,000.00 divided into 1,200 shares of the par value o£ Pe90s 100.00 each-Subscl'ibed and Paid~ in Capital: Pesos 55,000.00; Cash: Pesos 200.00; Property: P esol!- 54,800.00 - incorporat01"s lamd Directors: Dr. Norberto Dilag, Patrocinio Marquez, Cecilio Dilag and Juan Sanchez-T)'easnrer: Dr. Norberto Dilag, Obando, Bulacan.. DILIZO LAGASCA & COMPANY !lead Office: Manila, P. I.-Natio71fllit/l: Filipino-B'UsineRs: Publishing, Book-Binding Printing -Capital: Pe!>os 2,000.00-Ca7Jital Contrilmted by eat:'h Pn rtnc)': Melchor Dilizo Lagasca, Pesl)s 1,000.00; Nicola~ Delizo, Pesos 1,000.00. DING AH CHUNG, INC. (CHICAGO CAFE) Head Officc: 409 Avenida Rizal, l\lanila_Re_ gistered: April 16, 1935-Tenn: 50 years-Business: Rest.auranlt, Grocery and Cigar Store-Nationality: Chinese-Capital Stock: Pesos 10,200.00 divided into 10,200 sh:>.res of the par value of Pesolil 1.00 e~ch - Subscribed and Paid-in Cap· ital: Pesos 10,200.00 all in property - Incorporators: Yap Tek Wah, Ng Sack, Yap Tak Wing, Wong San and Yang Yut--T1'easllrer: Yang Yut, 1\1:mila, P. I. DINGALAN LUMBER COMPANY, IN C. },fa;nila Office: 2nd Floor Wilson Building-·· Nationa,litll: FilipinO--BlI.sincss: Lumbering and Logging-Established : May 11, 193G-Altthorized Capital: Pesos 100,000.00 - Pt"id Up Capital: Peso!' 100,000.00-Pa,· Value of Shal'es: P esos 1.00 -Principals: Felipe Buencamino Jr., Pr~sident and d\lanaging Director; Olegario D. Arriola, Vice President and Treasurer; Alejandro H. Lacuna, Secretary Mill-Office: Dingalan, Baler. Tayabas -Bank Reference: Philippine Trust Company. DISTRICT ENGINEERS LEAGUE Head Office: Manila-Registered; October 1, 1935-Tel'm: 50 !years - Bl(silless: Engineering Society - Nationality: Filipino - Incorporators and Directors :-Vicente Orosa, I saias Fernando Fidel V. Larracas, Fernando E. V. Sison, Satur. nino Lopez, Juan iUacaracog and Arturo p. Nitorreda.
146
T HE COMMERCIAL & INDUSTRIAL MANUAL
DIVINE MI NING AND DREDGING CO .. INC. Head Office: Manila_Registered: October 1, Manila-Registered: J Uly 11, 1936 - Term: 50 year~-BU8ines8: Mining, Milling, Concentrating, Convertin;g, Smelting, Treating, Preparing f or market, Manufacturing, Buying, selling, exchnng~ ing. and otherwise producing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, I ron, Steel, and all kinds of ores, Metals and minerals- Na.tionality: Filipino -Capital Stock: Pesos 300,000.00 divided into 3,000,000 shares of the par value of Pesos 0.10 en.ch-S1tbscribed Capital: Pesos 210,OOO.OO- Capital Paid: 52.500.00 _ /ncorporatqrs and Directors: Albert Kauffmann, Jose de la Fuente, Rodolph Fernandez, Antonio M. Gonzales, and Leoncio B. Monzon - T1'ea81trer: Albert Kauffmann, Manila.
DIWATA LUMBER & DEVELOPMENT CO. H ead Off1'ce: ~goan, Lanae _ R egistered: August 8, 1936-Term: 50 years-Business: L umbering, Timbering, Lo~ing, operato.rs of mills, Wharves which may be ur:ed in the production, Manufacturing, and sawing of lumber, logs or timber - NatWnality: Filipino - Capital Stock: Pe90S 40,000.00 divided into 00 shares of the pa!' value of Pesos 100.00 each - Subscribed Oapitat: Pesos 10,000.00 - Capital Paid: Peso:; 9,000.00-l ncorpol'atoTs and Directors: B. B. Andrada, Gregorio Lluch, Senen Adeva, Juan de G. Rodriguez, and Rosalina S. J. de Andrada-Troosu.rer: Gregorio Lluch, !ligan, Lanao. DODGE & SEYMOUR MANI LA, I NC. H ead Of/-ice: Manila, Philippines-Registered: December 26, 1936- Term. : 50 years--Bustness: Merchandising - Nl(htionality: AmericanCapital Stock: Pesos 10,000.00 divided into 100 shares of the par value of Pesos 100.00 each Subscribed and Paid-in Capital: Pesos 2,000.00-incorpora.toJ路s: F. F. Fairman, J. M. Smiffen, F. Dalupan and O. MendOUL. THE ROBERT DOLLAR CO. Manila Office: Port Area, P. I. _ No.-t.1onality: American - BII.,siness: Shipping Passenger Agents-Telegl'aph Address: Dollar"-Codes Used: Universal, Bentleys---Head Off-icc: San FranciscoBranch Office: Cebu, Iloilo, 2i:l.mboanga-Princi-pal: H. M. Cavender, General Agent-Bank RefCI'cl!ces: Chartered Bank of I ndia, Australia, & China, The Chase Bank; Hongkong & Sbanghai Banking Corp.
DORADO SECURI T I ES & I NVESTMENTS CO., I NC. Head Offiu: 408 Taft Ave., Manila-RtlgilItered: October 16, 1936- TernL: 50 years-Bu&t.7I拢SS: B rokera~, Commission, Underwriting or forwardi ng and Exporting-NationaUty : Filipino -Capital Stock: Pesos 200,000.00 divided into 20,000 shares of the par valuo of Peso!' 10.00 eachSitbecribed Capital: Pesos 41,700.00 - Capwl Paid: Pesos ll,700.00- i ncorpoTatore wnd Direct.-ors: C. G. Henares, T. S. Zamuco, J. S. Coquiu, P. S. Nava, Soledad K. Maramba, Emilia Mammba and Carmelino G. Alvendia- Tr(\'Js1U'er: T. S. Zamuco, 408 Taft Ave., Manila. DULANGAN MI NING INTERESTS CO., I NC. Hend OfficI': 5th, Floor Insular Life Building, lUanila-B1IItille.'Ie: Mining-Eetab/1ahed: December 14th, W31l-Authorized Capital: Pesos 2,000.00-Paid--in Capital: Pesos 275,OOO.00-Par Value of Shares: Pesos 0.10-Teleg1路tl1)h Add're8H: "Danon"-Codes Used : All Standard Codes-Principals: Julio Daonon. General Manager, R. M. Ranlin, Acting Manager, J esus Nava, Secretary;
I DULANGAN MINING INTERESTS Co., Inc.
I
5TH FLOOR. I NSULAR LIPB BUI LDING MANILA,
P. J.
j MINING
T ELEGRAPH
ADDRBSS:
"DANON-MANILA"
PHILIPPINES Directors: Rafael Corpus, R. .M. Rankin, Julio Danon, Charles A. McDonough _ Bank Refere1l.Ce: Philippine National Bank. Report as of September 29, 1937: Sibuyan Island Group. The Drift on the 100foot level of tile shaft sunk on the Nevada claim on the Dulaiigan Gl'OUP, was abandoned recently due to he.qvy vohlmc of watcr encountered at the beginning of the rainy season. Diamond drilling has replaced drifting at this level and will cut, at a depth of 260 feet the veins encountered in the East and West surface tunnels and the East 100-foot level. Drilling equipment and drillers are supplied by the J. B. Hoover Co., and completion of this particular phase of the work is expected at an early date. Intensive exploration is pushed on neighboring claims by the usual methodS.- R. H. Wyule, Resident En". gineer. Samto, C)'1/Z Chl'O ~ite Gl'OUP, Zo,mbales. Negotiations for the sale of Santa Cruz chromite ore to the Dawn Mining Syndicate have been successfully terminated. The Company\will begin hawling to the Syndicate's bins October 15th. The average chrome content of the ore is 49.5 'k -N. Borisoff, Superintendent. Pal'acate Distl"icf,.-Lumalantang and Calabor'lay Groups. The Golden Gate Mining Association's, Lumalantang and Calabornay groups across the Malaguit River from Paracale, are undergoing intensive development. Diamond drilling on former group which totals 1,028 feet. has been temporarily suspended while testing and estimation of pay gravel in adjacent pinccr claims is completed. Estimates up to the present time have been sufficient to justify negotiations with a local mining firm for the use of their equipment for recovery ot gold and the contract which is based on a 60 0/0-40 0/0 basis is expected to be approved this week. At the time negotiations are completed, details will be published for the benefit of unit holders. The discoveries on the Calabel'nay group are en_ couraging and justify a progressive plan of operation. Until a r~ent date. work to justify the existence of mineralized outcrops indicate gold bearing veins which range from stringers to veins thre and four feet in width, carrying assay values of PO.80 to 1"8040. A week ago, outeropsw ere discovered bearing heavy copper zinc and lead content and work is being concentrated on this zone to determine the extent of the deposit, as surface indications are encouraging._W. C. Sage, Reaident Engineer.
147
An' option was taken on a group of ctaims in Labo, Camarines Norte and the work uncovered several well defined veins. Assays and the engineers report are expected at an early date.-W. C. Sage, Resident Engineer. Negotiations with Mindanao Prospecting Association fOI" the purchase of the chromite ore on a royalty basis, have been completed. Out' estimate of the blocked out ore for immediate hawing to a shipping point is approximately 6,000 tons. Hawling conITact~ hsve been lot for bids. An engineer and crew are on the ground now carrying on work on existing bodies of chroreite or~ and estimates indicate approximately 100,000 tons of commercial ore ,Yet to be mined. The claims arc about 15 kilometers South and West of Cagayan, Oriental Misamis. Golden Gate Ma1lagem ettf,.-(Signed) The II1a1lagetlte7lt By R. iIf. Ramkin. DULONG MINING COMPANY Head Office: Room 218 Regina Building, P. O. Box 1478, M.anila, P. I.-Capital Stock: Pesos 1,250,000.00 - Officers and Directors: Alejandro J. Parililio, President. Juan B. Lanunoglia, VicePresident, Melquiades M. Castro, Bernabe B. Aquino, Felix Llorente, Mauricio nagan, Servillano Aquino, Jacinto R. Cura, Secrctary-Treasurer, JeSU9 S. Zulueta, C. P. A. Auditor, Marcial P. Lichauco, Legal Coun~el _ Managing Agents: M'8rsman & Company Inc. Annual Report of the Stockholders-February, 1937: Your Board of Diredto~ takes pleasure in submitting to you its report for the year ending December 31, 1936. At the last general meeting of the stockholders of the Company, held early this year, for the purpose of electing the present Board of Directorso, the .then President of the Company, Hon. Benigno S. Aquino, painted a very clear and realistic picture of the affairs of the Company, at the time and told you of the steps he had taken, and of the negotiations he had been carrying on, in the interest -of the Company. Your present Board of DirecVJrs took over where the former had left, and through the helpful and valuable cooperation of our former President, it succeeded, finally, in coming to an unders-tanding with Marsman and Company, which, as you well lmow, culminated in the contract entered into between the Dulong Mining Company and Marsma.n and Company, by virtue of which the latter undertakes to manage and operate your mining properties. Said contract was duly execut-
THE COMMERCIAL
148
&
ed and accompli9hed on November 2nd 1936, after the special meeting of stock holders, held on October 30, 1936, had approved the proposed increase in the capital st~k of the Dulong Mining Company from 200,000.00 to 1,250,000.00, and g iven to your Board of Directors the necessary authority to enter into said contract. Under the terms of the contract with Marsman and Company. the latter is to manage, develop and 'Operate our mining pr oper ties for a fixed monthly comfJcnsation. After milling operation have commenced, Marsman and Company will receive, in addition, fifteen (15 % ) of the net profits, if rtfue average daily oullput of CUI' milling is 300 ton~ or less. If the daily average output exceeds 300 tons, the percentage to be paid to Mar9l1lan and Company On the net profits derived from the milling in excess or 300 tons per day will be slight.ly decreased. Fin,llJiy, under the terms of the contract, Marsman and Company is also allowed to subSCI'ibe at pal' to 50,000.00 worth of shares in the increase in ou r capita stock, and is furthermore given an option to subsc l'i li~ to 300,000.00 more within H:e next 1~ months. Thking advantage of this right, Mursman 'md Company have ah'ead~' paid us 50,000.00 il'" cash payment C!f 1500,000 shares.
As stated above, the con\I'act with l\Iarsm.an and Company was executed on November 2, 1936 and, immediately thereafter , Mnrsman and Company took over the management a nd development work .at the mines, and it3 report regarding their plans for the future reads as follows.
As pel' your previous in structions, the undel'signed and Mr. Louis Gence vis:ited the property of the Dulong Mining Company, near San Nicolas, Pangasinan, on November 19 to 21, 1936. VE.N
SYST拢~t ,
DEVELOPMENT
The showings of ore in said tunnels look rather promising. Widths average around three f eet, both walls are hurd and strong. The Luna vein, which i! opened up more than the rest of the veins, is the most promising. Several check samp les were taken by the undersigned; assay l'esuiu on the same are not avai lable to date, a! the undersigned wishes to study the character of ore more closely before sending $aid samples for assay. After car eful consideration!:. and confonning as much 89 pos!:ible with Mr. Boch:man's former recommendation the following plan of development has been laid out: 1. The present Luna tunnel on the north side of the Dulong Cr eek, and abo ut Itwenty~five feet above w-ater level, has been designated as. t he 20 level Luna Drift North. All other levels, etc., will be referenced to this tunnels. lit is proposed to repair the timbers in this tunnels, cut t he floor down to grade, and install rails, and cars, and then proceed with radvancing the face.
2. On the !outh side of the Dulong Creek we PI'OPO楼 to abandon the present lowest tunnel, be路 lieving that same is too close to water level f or safe working, and propose to start a tunnel, on the same .elevation as the above 20 level Lun3 Drift Nonth. This new tunnel will be known as 20 level Luna Drift Sout h. (a) As soon as conveniently possible, we will star t 19 and 18 levels going south on the Lu na vein. (b) The Dollar vei n which is also in this vicinity, will bl! prospected, ancl, if possible, drifts will be driven on same, at the same elevations as the Luna tunnel~路.
December 4th, 1936 Mal'sman & Company, 1ne., Attention Mr. J. O. Enberg.
TUN:-:ELS,
INDUSTRIAL MANUAL
WORK
PROPOSED
Various tunnels of the following vein system were inspected. (a) Aurora vein (b) Sampaguita vein (c) Dollar vei n (d) LUna vein.
(c) In order to :liacilitate working conditions and tl'f!nsportation to these tunnels from the camp site, it is proposed to cut a level trununlng trail from the 20 Level Luna Drift South down the south bank of rthe Dulong Creek, and then down the east bank of the Agno river to a point about due south from the portal of 20 Level Luna Drift South. At this point rthe troil will probably be stopped and a lo\vcr, probably at the 21 Level ele\'ation 'will be started down tho caet bank of t he Agno river. past the Sampagui;ta vein, the camp site, and on to the Aurora vein. The elevation of this trail will probably be about seventy feet above water level as measured at the Sampaguita vein outcrop, pn t he east bank of the Agno ri ver. The above tramming trnils will facilitate handling of men,
PHILIPPINES
149
DULONG MINING COMPANY Balance Sheet, as at December 31, 1936 ASSETS
LIABILITIES
Fixed Assets:
Capital Stock Authorized ..
Opec:!.ting Development (Schedule "t\."). Administrative Development (Schedule "6 '). Organiucions Expenses. Roads and Tui[s . 1-17,439.52 Bridges. ll,068.93
P77,810.65
46,965.97 7,162,48
Capital Stock Subscribed .. uss Subscriptions Receivable .. Capita.! Stock Paid Up .... Current Liabilities: Musman and Company.. Accounts Payable . . Suspense .
1'300,000.00 75,810.00 " 224,190.00
'I> 13,650.61 375.00
14,025.62
2,434.93
I
I
Stores (Bodega), Deposits. . ....... l' Accounts Receivable ..
11.00 115.00
126.00
Chuges To Loss
Total, .
(Sgd .) JIlSUS S. ZULUBTA, AI/Ji/Dr, Crrtiftt" p"j/ie Am, Manila, J an. 8, 1937.
69,414.83 3,1]5.34
72,676.17 1,982.50
1'240,650.55
Tot:!.L
'l~ 240,650.55
THE COMMERCIAL & INDUSTRIAL MANUAL
150
s upplies and ore, when, and if, the production state is reached. A level foot trail will be cut down ~tream from the end of the 21 level tramming trail (at the Aurol'a vein), in effort to provide a more adequate and easy foot path oUlt of camp. and -also in an effort to locate a suitable mill site. (d) From the 21 level tramming trail a new twmel enst will be gtarted on the Sarnpaguita vein. At the same time work will be started on the present Majestic tunnel. This work will consist of repairing the timbers. cutting the floor down to grade, putting the tract and then advancing the face. (e) If indications are satisfactory a 21 level will be started on the Aurora vein; also on the Contract "'lain. (!) The above wqrk is contemplated as a begin. ning. Prospecting work will be conducted. and possibly more drifts will be started on the different vein systems. (go) For >the following s{x or seven months it is contemplated to carry of\, mine development by means of hand drilling, pending the development of ~uf ficient favorable indications and tonnage of payable ore, to justify the installation of com-
pressed ail' and air drills. We believe that this procedure is the most safe and economical procedure to follow at first. The above contempl.alted development program should result in about 400 feet of development per month, after work is well under way, and an efficient crew has been organized. A~suming that 75 % of this work is in payable ore and that t he average mining width of payable ore is three feet, and that the level interval is one hundred feet, each month's development would develop: 400 x. 75 x 3 x 100 = 6,000 ton9 of ore per month
15 On this basis, seven months of hand work should develop approximately 42,000 tons of ore. It ~hould be definitely understood that the above is simply an example, which is given to illustrate that if the veins prove up, hand work will develop a reasonable tonnage of ore. Tbe statement of a TIl'obable developed tonnage of 42,000 tons at the Gild of seven months should not be constr ucted as a definite fact: The development of thie tonnRge depend on future development. General Remarks. The existil\G' timber supply on the claims
+-
Tropic Tested
DUNLOP GOLD CUP TIRES HEAT RESIST ANT. Insulated ro prevent heat from separating the fabric, thereby minimizing dangers from blowouts. Replace SUSpiCiOUS tires with this newer rougher tue. Distrihll,ud by
MONSERRAT ENTERPRISES COMPANY, Ltd 4.77 A. Mnbln l
Tel. 6_12_61
Mpnlhâ&#x20AC;˘â&#x20AC;˘ P . I.
PHILIPPINES
151
company regis.tered in the books of the company up to November 7, 1987, Ito the claimowners, to Mat:sman and Company, and to persons designated by the Board of Directors. No conurul!sions or promotion fees what!:oever are being paid. The company has also reached ~ definite agreement with the claimowners whereby the latter bave agreed to sell to the company the mining claims now being aeveloped by the company for the sum of Pesos 200,000 in escrow shares:. In other words, the authorized capital stock of our company is divided as follows: 1'200,000.00 The original capital of the company. P200,000.00 in escrow shares to be paid to the claimowners after the S(!Curities and Exchange Commission has authorized the making of such payment. P850,OOO.00 worth of shares now being issued for cash, for the sale of which no promotion fees or commissions of any kind whatsoever are being paid. You will thu~ see that the company is in a strong financial position.
consiSts of lowland timber. The actual amoWlt 8Yailable is rather limited, hut should be sufficient f~)l- development purposes. Additional supplie::. of timber are evailable to the north, however, at a disbance of several kilometers. There are very few flat or relatively flat places in close proximity Ito the various vein s~telll9. Searches and ~urveys will be conducted in the future to investigate all possiblities. In general, the property looks encouraging, and we believe thaJt if future development shows us .as encouraging as pre!ent indications, that the final outcome should develop sufficient orc and values to warrant milling operations. Hoping that the abov~ is satisfactory, we re-
main. (Sgd.) R. W. GROSBY, Matstncm & Company Inc., Baguio. The balance sheet of the company as of December 31, 1936 is reproduced in succeeding page~. In tbis regard, I wish to add that on January 9, 1937, tbe Securities and Exchange Commi9Sion granted our company permit Ito issue the shares represenliiI\g the increase in our capital l!tock. These shares are being sold for cash to the stockholder'S of the
DUMANCAS AND SARROSA ~ead OfJice: Manila_Registfered: December 1, 1396-Term: Five years, from November 20,
\
DY BUNCIO
&
CO" INC.
MANILA - ILOILO - CEBU - LEGASPI
• IMPORTERS & EXPORTERS MANUFACTIJRER'S REPRESENTATIVES
• General OfficeJ;
191-231 MUELLE DE BINONDO P. O. BOX 1477 BRANCHES IN PRINCIPAL PIDLIPPINE CITIES
• CODES: BENTLEYS-WESTERN UNION S-LETIERS
CABLE ADDRESS: DY BUNCIO
ACME ABC Sth EDITION
--I
152
THE COMMERCIAL
&
J.93G-.8!1.sinC8S : Agency- Ntatiollality : Filipino--Capital: Pesos 5,OOO.OO- Capital contributed by .each prortn,e1' : Marcelino D. Dumancas, PesoJ:; 2,WO.OO; Montano D. Snrrosa. Pesos 2,500.00 )llanagtl': Marcelino D. Dwnancas.
DUNLOP RUBBER CO., LTD. H ead Ollice: Birmingham, England-Branches: Throughout the Wo dd- 1IIanila Office: 477-A Mabini-Natiowllity.- British-Business: Importers of Tires and General Rubber Goods.-Established: 18BB-Telegraph: "Gumco"-Ma nila Resident Representative: T. J. Pratt---Dist"ibltto"s for the Philippines : Monscrl'nt Enterprises Co., Ltd.
DY BUNCIO & COMPANY, INC. Head Office: 209 Muelle de Binondo, Manila, P . I.-Nationality: Chincse-B1tsin68s: General bnportcrs and Exporter,s.-AuthO't'ized Capital: Pesos 1,000,000.00-Puid Up Qapital: Pesos 1,000,OOO.OO- Par Value, 0/ S/t.a1路es: Pesos 100.00-Annual T1WIlO1)(,r: P esos 5,000,000.00 - Reserve: Pesos 500,000.00- Telegraph Address: Dybuncio--Codes: All Commercial C~es-Pri'llcipals: G. Dy Buncio, President; V. Dy Buncio,lst Vice-President; S. Abraham, 2nd Vice-P)'esident A. Howell, Treasurer-Br anches: Il oilo, Cebu, Legaspi,-Agencies: Solvay Sales Corporation; P. Lenllard Company, Inc.; Gibbs & Company, Inc., Republic Steel Corporation-Ba71k Re/el'ences,' H ong:kong & Shanghai Banking Corporation; Chartel'Cd Bank of India, Australia and China; National City Bank of New York, China Bnnking Corpor ation . THE EARNS HA WS DOCKS AND HONOLULU IRON WORKS Offices and 1V 0)'ks : Second St., Port Area, Manila; Bacolod, Occidental Negros; Honolulu ; Hilo; New York, San Francisco, Cuba, Canton-Business : Manufacturers, ImQor ters and Repa irers of aU kinds of Machinery such as Sugar, Mining, Agricultural and Sawmill, also Founders, Ship builders and Repairers-Telegraph,' "Eal'nshaw"-Codes: All Standard Codes-DiTectoJ's: G. H. Wilkinson, Chairman; G. G. Gordon, Treasurer & Director, T. Clive Davies, J. F. Taddiken, Di rector, W. G. Hall, Director, Don Tomas Earnshaw, Directors, C. A. D ewitt DirectorTheo. H . Davies & Co., Lt d., Fiscal Agents. EAST MINDANAO MINING COMPANY The following is a brief repor t covering operations at Tinabiiigan for t he month of August, 1937. DEVELOPMENT Total advance Mindoro Mine 177 feet.
INDUSTRlAL MANUAL Total tons broken in development and exploration 500, of this 171 hns not been hoisted . Briggs Mine.-Briggs shaft 16' advance, 100 t ons broken. This wor k has been slow on account of pumping difficulties; a larger pump has been installed, more competent labour employed, and much better progress is now being made. It is still necessary to use some of the water from this shaft f or Domestic purposes as the dry weather continues. T inU1)un Mi?18 :-Raise 198-advanced 50', Tons produced 73 Raises 227-advanced 60', Tons produced 36. Of the above tonnage, 41 tons has not been hoist. ,d. CloudbU?'st Mine: Raise 170-advanced 14', prod_ uced 50 tons not sent to mill. A run-way has been constructed at the mill hoist house direct to the upper coarse ore bin; ore from this mine will be dumped direct into the bin. Evid('nee in this section indicates a n ~ l'row vein at the No.6 Crosscut level 45 fee t bel ow the surface. Raise 170 has been started and cribbed, and crifts commenced to the N. and S. on t he vein. M indoro H oist Statioll : - F - l Cross-cut advanced ] 0', Tons broken 68. Preparations for hoist installat ion are practi路 ('ally complete. Explo)'ation:-Kaintuck No.2: Advanced 60 feet. No.2 Doghole advanced 33 feet; this cut into a soft wet clay, and for economical reasons, was abandoned in a favour of a new Cross-cut. D. H. No.3 has now been advanced 33 feet and if the vein exists and mainta ins a dip of 550 , we will cut it at about 70' from t he drift, as soon as this is in below the main ridge another cross-cut will be run in to explore vein possibilities. Anguish No.6: This has been advanced 39' in fairly hard well mineralized andesite. Several s mall stringers havc been cut but nothing of importance. STOPING Mindoro Mine:-Total tons broken, 1,806.
In the Mindoro Mine st-oping is bei ng continued on the 100 C-F & F f ootwall section, on t he ZOO C & F, on the 300 CD and F on the 400' level F stope. 300 C-sub-Ievel East requires heavy timbering 3S the gr ound is very hard to hold. This sub-level has been started with the object of investigating
15)
PHILIPPINES the possibilities of extracting ore in the sect.ion above. Briggs :-The Briggs stope produced 388 tons of ore. Colorado No. -4 ;-Produced 39 tons. Stoping will shortly begi n in the Tinupnn Mine. Dump8:-Mindoro HorseshOf! dump produced 424 tons and Briggs dump 320 tons 01'C Reduction:-Mill Heads are lower mainly on account of dilution fro mexploration and development. It is good policy at this time to mill ore which has to be exh'acted providing its value will cover milling and transportation costs. Total tonnage milled was 3,324 tons. The mill ran 95 % of tr.e possible time, producing' P46,118.38 in bullion, the average r ecovery being 90%. Trouble was experienced in the mill during the first half of t he month from flocculent shimes not settling in t he thickeners. The alkalinity has been raised in the solutions and the trouble apparently overcome. POOl' washing resulted at that t ime giving som~"hat lower extraction than usual. The are statemen t is a s follows: To .. In Mill bin August 1st 89
Received during August
3,514
Ore Available ... In are bin Sept. 1st
3,603 279
l\>IiIled
3,324
Gene-ral:-The Horseshoe main level track to the are bim; has been !:eT!loved to the hillside doing away entirely with the tall trestles and allowing the balance of the Horseshoe dump to be removed as re~ qui red. A head of the trommel was renewed and the Oliver filter cloth renewed. The general store has been operating satisfactorily since July. Changes have been made in the operation of thelimestone quan'y to economize as much a s possible previous waste from rock loss in the sea while blasting. Every effort is being made to advanee as much as possible exploration. The new electric hoist is being installed at the 200 foot level of the Mindoro. (Sud .) JOHN SMEDDLE, Acting Jlfanager_
EAST MINDANAO MINING CO. Condensed Balance Sheet as of Ocwber 31st, 1936 ASSETS Fixed Assets: Mine in Mine Properties ......... .... . P S7S,1!)1.47 Machiner)" Building, Equipment, Etc. 532,253.29 Current Assets: Cash on Hand and in Bank ... ......... . . . 96,844.84 Inventory. 54,361.09 Other Assets. 19,285.80 DeScit: Loss on Operation for Two Months Ended 31s.t October, 1937. 18,475.17 TOTAL ASSETS ..
P1 ,296,371.66 LIABILITIES
Capital Paid.up.. Account Par.able ... Other Liabil ities .. Total Liabilities ...
'PI ,OOO,OCXUx) 159.171.22 137.200.44 '> 1.296.371.66
OPERATING ACCOUNT Bullion Production .. Operating COst.
,. 96,425.00 62,293.35
ProSt on Operation ..
,~
34,131.65
PROFIT AND LOSS ",CCOUNT Operating Profit .. Other Income.
1~
34,131.65 1,252.34
Gross Profit .. Depreciation, Ore Depletion, Etc.
P
35,383.99 53,859.16
Nee Profit (or Loss)..
(1)18,475.17) ORE RESERVES
37.618 tons Positi I路e Ore .. 'P23.1O AVCl"age Value per Ton .. Probable Ore.. . .. .. 11 ,027 tons Underground Reserve 89,393 tons 1>21.54 Average Value per Ton . Total Ore Reserves . 85,800 to~ Average Value per Ton ...... . 'P16.31 Total Value of Ore Reserves. 'P1 ,855,goo.00 Ore Trc::ated ....... ........ . ( b)6,393 cons Milling Capacity per Da)' .. 100 tons Price Range of Stock: High .............. . .47 centavos Low .. . . .10-1/ 2 cencavos (b) Period from August to October, 1936. Milling started for first time in August, 1936 .
THE COMMERCIAL
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&
EAST-WEST TRADING COMPANY Head Office: 310 Regina Building-Na.tionality: American-Filipino---A. B. Gruninger & Co., doing business under the name and style of EastWest Trading Co.-Telegra.ph Address: Ewestrad-Reg1路stered: August 7, 1937-T erm: Five years from August 7, 1937-B1t$ine8S: Merchandise Brokers and Exclusive Agents for (1) Royal Hungarian State Wine Cellars, (2) Concern of the Hungarian Export Flour Mills, Brands "Blue Danubp." and "Budapest", (3) Hunyady Janos Mineral Water & Salt. and (4) First Peeser Leather Factory Pees Hungary-Capital: P1 5,OOO.OO-PlH"/m,61"S: Adalbert B. Gruningef, General Manager; George M. Sternberg, Assistant Manager and Treasurer j and Juan Pons-Bank Reference: Hongkong & Shanghai Banking Corporation. EASTERN DEEP-SEA: FISHING CORPORATION Head Office: 312 Cu l(nj ieng Bldg., ManilaNationality: Filipino--81lsmess: Fishing and Supplying Fresh Fish-lncoJ-PDrated: Marc h22, 1937A1lthorized Capital: Pesos 300,000.00 in 30,000,000 Shares-Officers: Judge Rafael Corpus, President; l'tfr. Roman Mabanta, Vice-President & General Manager; Mr. Nicodemus L. Dasig, Secretary & Legal Counsel; Mrs. Antonina F. de Mabanta, Treasurer; 1\11'. Y. Imamura, Director; Dr. Alfredo L. Guerrero, Director; Mr. Pedro Poblete, Director; Mr. Angel Padilla, Director; Mr. Apolonio Suntny, Director. -Ba-uk Reference: Philippine Trust CompanyTelegraph: "East/1sh". The Eastern Deep-Sea Fishing Corpor:ltion, incorporated u:1d'2r the laws of the Commonwealth on Merch 22, 1937, while primarily d.::dicatcd to the development and exploitation of th2 fishing industry in all its branches, will, at the same t!me undertake
to, (a) engage in the canning, sale and manufacture of canned prorluets for loeal as well as foreign trade. (b) engage in the business of buying and selling, manufacturing of all kinds of fish and shell ornaments, shell implements, shell .pictures, fish products, fertilizers, etc. (e)
engage in the manufacture, buying :\Dd selling of all kinds of fisbing paraphernalia, and,
INDUSTRIAL MANUAL (d) conduct a modern School of Fishing to train Filipino student fishermen in the seientific, theoretic and practical aspects of modern fishing methods, manufacturing and canning of sea and other products. To this end, the Easwrn Deep-Sea Fishing Corpornticn h:ls securl!d the best technical staff available, including local and imported 'technicians, and will use the most modern and accepted methods of fishing, to sccure bigger and better catch. With modern equipml'mt anel technical facilities, t he Eastern Deep路Sea Fisbing Corporation hopcs to translate into a profitable investment for its stockh:llders the incxh9.ustible wealth of Philippine sea s; nnd at the same time fill a long needed service by providing fresh fish at economical prices to the vast majority of the public, (snecially the poorer c.lassc:<禄 to whom actual prices for the most nutritional kinds of fish are prohibitive. And thus, although primarily a business concern, the Eastern Deep-Sea Fishing Corporation hopes to aid in its modest way to the Economic Development of the Philippines by the appropriate exploitation of its marine resources; and to the complete Filipinization of the industry by supplying trained and capable men for the Industry through its Technical School of Fishing. The Eastern Dcep-Sea Fishing Corporetion is Not an experiment. In a smaller scale, and as a private and profitable business of three of its incorporators-thE' same activities as will occupy the Corporation have been in operation during these last few years. In fact it was the success of these private enterprises and the common problems which they had indiv.idually met that have prompted them to organize the Eastern Deep-Sea Fishing Corporatio!l. The Eastern Deep-Sea Fishing Corporation is not a speculetive enterprise. A marked af!vanta![E' of th~ Fishing Indu!try to which the Easterll Deep-Sea Fishing Corporation is dedicat2d, over other budding industries in the Philipvines lies in the fact t hat it has easily :\cces~i ble resources and a ready mark~t right here in the Philippines. There is no need of long and costly, capital-eonsuming explorations to make. The wealth ill there
PHILIPPINES
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right within the reach of your nets. And its work路 ing grounds are not limited to a few dozens higbly paid claims but extend all over the vast expand of water that surrounds the Philippine Islands, with all their treasured wealth in sea products, which are yours to take free.
as the most powerful health a id available, are essentially and exclusively fishery products although unfortunately are looked upon by the general public mroe as a "prescription" to be filled by the local drug store rather than the food fi sh product that it really! is.
And all the time the market is there ready to absorb your production as fast as you can haul it out of your boats; a pitifully undersupplied market, right here in the Philippines, that had to buy P38! ,637,576 worth of sea products from foreign countries during the last twenty years, or an average of P19,081 ,879 a year, while all this time, all the tremendous wealth of rnuinc resources of the Philippines had been lying dormant in our waters.
The rich food value of fish can be best understood if we take into consideration that the essential nutl'itionai factors in the diet are: proteins. fats, cal'bohydrates, mineral nutrients and vitamins. And fishery products, in general, contain all of these nutritional requirements except carbohydrates, although some shell fish carry them in small quantities.
And it is against this background that the Eastern Deep-Sea Fishing Corporation, pledges itself to the progress of our countr,y and the welfare of our people, dedicates its efforts to the cause of economic construction of the Commonwealth; and with the support an'a goodwill of the public, hopes to bring: a great basic food industry from the fi sheries, to the Country, a profitable investment to its Stockholders and an economically priced supply of fresh fish to the public. The value of fish, as food, in the daily diet has been greatly underestimated by the general public here in the Philippines, specially so when we consider that dieticians and doctors, and scientists in general agree that the vitalizing effects of fish are quiet essential in the daily diet of man, particularly in tropical countries such as this. Dieticians and doctors who have delved along with historians into the food habits of various races have found ample scientific evidence that fishery products occupy a distinct and important part in the diet of man and have had no little influence upon world events as far back as reliable historical records exist, They have found that food habits of various races have played a determining part in their destiny and that fish and TIleat eating people have been the most aggressive and the most active in the aff:lirs of the world and that their dominating influence is quite evident everywhere. The nutritional value of fish is perhaps best exemplified by the fact that cod liver 1)i1, halibut oil and other excellent vitamin concentrates, admitted by scientists and laymen alike all over the world
Proteins are the foundati on of all diet. They go for the building of muscles and other body tissues. Proteins are composed of "little building stones" or amino acids, and the definite value of different proteins depends on the variety and contents of these amino acids. Fish proteins are complete, tbat is, they contain all of the amino acids now known to be required for the growth and maintenance of the human body. Fats provide energy to the body. Fish fats have a high energy value (as high as 3.48 in Milkfish Oil " Bangus") as compared with 3.50 fOI' cow's milk) and are as completely digested as fast from others foods. Minerals are necessary for the building, growth, development and maintenance of bones and teeth. And calcium, phosphorus and iodine are abundant in fishery products, which contain as much as from 50 to 200 or more times of iodine than foods from land sources. Sea foods have been known for years as excellent sources of minerals because the verlY medium in which marine fish and shell fish live, sea water, contains at least thirty four mineral elements which have been proven as important in the general diet of man, aside from other minerals which in time may be sho wnto have some significance in nutrition. And as for vitamins, those elusive little food substances so vital for growth and maintenance of general well being, fishery products as a class, are a good source of most of the vitamins. Some fishery products such ~s fish oils and fish liver oils, are the best known natural s(lurces of vitamin A (whose absence stops the growth of a person) and vitamin D. the "sunshine" vitamin, both better known in the
THE COMMERCIAL
156
&
form of cold·li ver oil nnd halibut-oil vitamin concentrates sold in every drug store. Although fishery products arc essentially necessary and pricelcssiy valuable in the diet of man , their usefulness and WQ1·th arc not limited as food products for man. They are valuable to at least one great industry, as fertilizers; they arc useful to the poultry industry as an important food element for baby chicks and laying hens, and in many other activities in human endeavor. But all these vast b(mefits to mankind in the form of vitamin concentrates, daily food products, fertilizers and so on, derived from the sea can only be available t hrough a great basic industry to wpich development the Eastel'll Deep-Sea Fishing Corporation hereby dedicates itself and invites the public to participate through the sale of shares of its capital stock of thrce hunch'ed thousand pesos (P300,OOO.OO).
, EAST SURIGAO GOLDFIELDS, INC. Head Office: 465 San Vi,nte, Manila-Nation-
INDUSTRIAL MANUAL alivy: Filipino-B1lsiness: Mining CompanyAuthorized Capital: Pesos 500,OOO,OO-Bu.sineu: Arining Company - Authorized (kJtpital: Pesoe 500,OOO.00-Paid Up Ca.pital: Peso! 125,000.00 Pri1!cipals: !saUl'O Gabaldon, President; Jose J. Roy, Manager ; E. ZabaUero, TI·casurcl". EAST TAYABAS OIL SYNDICATE 412 l\-1lasonic Temple, EscoJta, Head O/fice: July 14, 1936- Tenn: 50 1L.•nila-Registered: years-Business: Exploitation of deposits of petroleum and ather minerai oils and gas in the Philippine Islands-Nationalitv: Filipino - CapiuU Stock: Pesos 25,000.00 divided into 250,000 shares of the par value of Pesos 0.10 cach-Snbsodbed Capital: Pesos 5,OOO.00-Capita/ Paid: Pesos 1,260.00-lncorol,,·ators al!d DirectOl".Q: Manuel Ur,quico, Sctero Baiuyot, Jose G. Pardo, Leonardo Guinto, Roman Baluyot, Francisco Dayaw and Jose Cojuangco, (Ramon Baluyot and Francisco Dayaw, are incorporators only) - T" easlU'er: Jose G. Pando, 1148 A. Mabini, Manila.
EASTERN DEEP-SEA FISHING CORPORATION 312 Cu Unjieng Bld g
Manila, P. 1.
Tel. 2-42-37
PHILIPPINE WATERS, reeming wirh marine life and abounding in the best species of marketable fish, are as yet an uncapped so urce of tremendous possibilities for the exploitation on a large scale of its sea products. THE EASTERN DEEP-SEA FISHING CORPORATION, incorporated under the laws of the Commonwealth on March 22, 1937, while primarily dedicated to the development and exploitation of the fishing industry in all its branches, will, at the sa me time undertake to engage in canning fish food , buying and selling fish and shell side products, sales and manufacture of fishing equipmeot) and the maintaining of a School Of Fishing. SUPPLYING ECONOMICALLY PRICED fresh fish to the public is a sound and profitable enterprise and worthy of your consideration.
El1qlliries Welcomed-Write for fm Booklet
PHILIPPINES EASTERN DEVELOPMENT, INC. H ead Office: Soriano Building, Manila-Permit to sell Shares GI'anted: September 23, 1937-Authorized CWl'ital-ization: t>15,000,OOO.00-p(u· Value.PO.I0-Subscribcd Capitat : P3,000,000.00-Paid-in Capital: 1>750,000.00-Directors and /ncorpO )'atol's: Andres Soriano, Frank Hodsoll, Placido L. Mapa, Manuel Roxas, Walter L . Bramwell, Nicolas A. Lizares, J. Frasel' Brown, J . H. Sampson, A. M Macleod, Directors. EASTERN DEVELOPMENT COMPANY, INC. H wd Office: Manila, P. 1. _ Registel'ed: October 16, 1936-Tel'1n: 50 year s _ Business: Consulting and ContI'acting Engineers -- Nationality: Filipino-Capital Stock: P esos 2,000,000.00 divided into 2,000 sharer of the par valUI< of Pesos 1,000.00 each - Subscribed Capital: Pesos 600,OOO.00-Capital Raid; Pe90s 150,000.00-lncorporators and Directors: icolas Lizares, Walter L. Bramwell, Luis de Leon, Valentine H. Masefi eld and Benito Razon- T?·edslu·t"/·: Valentin H. Magefield, Manila. EASTERN EXTENSION AUSTRALIA & CHINA TELEGRAPH CO., LTD. Head Office: London-Manila Office: Hogar Building, Juan Luna- B1'anches: Throughout the World-Nfttionality: British-B1tsiness: Commercial Telegraphy-Associated with Cable & Wireless, Ltd.-Balik Re!el'fmce: Hongkong & Shanghai Banking Corporation-A. N. B. Carl', Manager Manila Office. EASTERN I SLES IMPORT CORPORATION Helld Offi ffe : Manil'll-NationaU,f1I: FilipinoBmine8S; Manufacturers of Hand Embroidered Goods-Established: 1919-Principa/s: S. Davis Winship, F. V. Gill, J. G. Berman, Nathan O. Noah, E. A. Schw~inger - Au.thorized Capital: Pesos 300,000.00-Paid-in. Capital: Pesos 240,000.00 -F\:w Value of Shares : Pesos 100.00-Annual Turnovc)' : Pesos 1,500,000.00-Telegl'aph: "Easternile" -Code: Bel'.t1e'y's-Ba~lk Reference: Philippine Trm:t Company. EA STERN LEYTE ACADEMY H ead Office: Burauen, Leyte _ Registered: December 26, 1936-Bl'8ine8S: Educational-Na-
157
tionality: Filipino-Incorporato)'s: Floro Cordero, Jose Cordero, Ciriaco Cartel, Bernardino Ma.gsambol and P az Bra siJofio.
EASTERN & PHILIPPINE S HIPPING AGENCIES, LTD. Head Office: 8-12 Escolta, Corner Jones Bridge. Manila- Nationality: Netherlands-Business: Shipping Agents and Brokers-Established: 1928 representing several Dutch Steamship Lines; 1932 Coy, -Agents /IJI': Java-China-Japan Lijnj Royal Packet Navigation COYj Holland-East Asia Line; Nederland Line, Royal Dutch Mail; Rottel·dam Lloyd, Roral Dutch Mail; Holland-Amcl'ika Line; Royal Dutch Airlines; Royal Netherlamls- Indies Airways -Cable Addres!= "JavaJyn"-Coclcs: Bentley, Com~ plete, 2nd Phrase; Scotts-Blml, Reference: Nether. lands India Commercial Bank. Th e original office the E. P. S. A. occupied was rituate<J in El Hogar Filipino Building, afterwards the finn was located in the Cu Unjieng, but finally ' tth passenger business rapidlr increasing, it was decided Ito transfer to a more favora ble spot, on the Escol ta corner J ones Bridge. EASTBRN PROTECTIVE ASSOCIATION, INC, Head Of/iee: 427 Heacock Bldg., Manila-Registered: JI.'lay 20, 1935-Tertlt: 50 years-Nationality: Filipino-lneorporatol's and Dil'ectors: Alfredo M. Sabater, Luis de la Pefia, Jose S. Huerto, Jose R. Chuatoco, Bienvenido de Guzman and l\Irs. (Mrs. J09Cfina V. de J osefina V. de Guerrero. Guerrero, is an incorporator only)-T"easlu'er: Luis de ia Pena, 86 Biumentritlt, San Juan, Rizal. THE E ASTERN REAL ESTATE DEVELOPMENT COl\J PANY H ead Office: 801 Muelle de la Industria, Bdo., Manila-Registered: October 4, 1935 _ Term: 50 years-B1tSincss : Real Estate-Nationality; Filipino - Capita.£ Stock: Pesos 100,000.00 divided into 100 &hares of the par value of Pesos 1,000.00 each -Sl!bsc'l'i/Jed amd Paid-in Cwpitltl : Pesos 98,000.00 -all in property - l ncQ1'po1'(ttol'S MId Directors: Vicente Verzosa, Enrique Razon, John Hennings-, Vidente R. Verzosa and J osc R. Verzosa_T?'cas_ urcr: Vicente Verzosa, 411 Lamayan, SI;a. Ana., Manila.
ISS
THE COMMERCIAL & INDUSTRIAL MANUAL
EASTERN SYNDICATE INVE STMENT CO. Head O!fiC6: Philippine National Bank Bldg., M;lniia, P. 1., P. O. Box 2982_BII$iness: Investments-Established: 1935 Authori%ed Ca.pital: Peoo.!. 1,000,000.00 - Paid Up Capital: Pesos SOO,OOO.OO - Pwr Vahle of Shares: Pesos 0.10Principal.s: B. H. Berkenkotter, Pres., W. Ick, Vice Pres., Ch. Saill, F. Torres, Se.c:., T. Japay. VDA. DE ECHEGOYEN & CIA. Head Office: 303路 309 Carriedo, Manila, P. 1.B1lsiness: Musical Instruments. ECONOMIC PROTECTIVE ASSOCIATION, INC. Head Office: 700 Ave. RizaJ 3rd Floor, Manila -.Registered: November 1, 193 5- Tctm: 50 ye81'S _Nationality: Jo'iiipino---lncorpomtoTs alld DiTet}t~ ors: Dr. Arturo P. Reyes, Atty. Isabelo R'9.mos, Dr. Al'turo P. Reyes, Dr. Francisco P. Reyes, Dr. Luis 1). Reyes and Mr. IDusebio Mina. (Mr. Eusebio 1ohna, is an incorpora.i.or only) _ TrlNlsurer: Dr. Arturo P. Reyas, 739 Ave, Rizal, Manila. ECONOMIC RELIEF COMPANY Hecui Office: 532 Padre Herrera, Tondo, Manila-Registered: November 25, 1935_Term: 50
years-Business: Rice, Palny and other cereals, and by-products and any mixtures or compounds thereof-Nu,tionality: Filipino- Capital Stoch: Pesos 2,500.00 divided into 500 shares of the par value of Pesos 5.00 each-Subscribed Utnd Paid-in Capital: Pesos S50.00-Incorporators alld Directors: Vlicente Baun, Pedro Samonte, Antonio Alberto, Ignacio Baun a-n d David del Rosario-'1 're(拢8Urer: Pedro Samonte, 6 Jose Basa. Tondo. Manila. EDEN FOOD PALACE, INC. Head Office: 227-229 Colon Street, Cebu, Cebu -Registered: August 27th, 1937-Altthorized Capital: Pesos 10,OOO.00-Subscribed and Paid-in Ca,pital: Pesos 4,SOO.00-Incorporators: Manuel Yu Lo10, Manuel Chan, Yap Yun Pa, Tiu Cuan Ling, Tan Tong and Yap Tan Chun. EDUCATIONAL SAVINGS AND LOAN ASSOCIATION Head Office: 106 Ga~tambide, Sampaloc-RegiBtered: November 25. 1936-Term: 50 years Business: Savin.:.ors & Loan Society - Nationality: Filipino-Imorporators a?ttl Directors: Andres V. Castillo, Inocencia R. Lozada, Jose M. Aruego, A. de Ca9tro and Gregorio Ramirez.
THE EDUCATIONAL DISTRIBUTOR =
0 =
Manufacturers of Ph ilippine made Athletic Goods, Volley Balls and Basket Balls both Stem and Valved Type.
Indoor Balls of All Sizes.
Track and Base-
ball Shoes, ETC. 765 Juan Luna, Manila
PHILIPPINES
159
"EL HOGAR FILIPINO" Balance General E Inventario Al 31 De Diciembre de 1936 AcrlVO
PASIVO
Caja Y Baneos:
En COl;a ..... . En Baneos:
Acdones: p
25.22
Prcleridas . Liberadas. Especialcs, y. Dividendo$ Acumuhdos .. Ordinarias, y .. Dividendos AClIrou[ados.. Dc inversion, y .. Dividendos Aellroulados.
Eo cuent;!. cor· riente.. 1" 61,884.60 Eo euenta de ilbOrTOs. 40,270.82 P 108,180.64
C\lOU. A Cobru :
De Acc iones Ordinarias 'P 6},929.75 de Inversion AfD· .. "" 51757.50 Interests a Cobru Sobre Pagar~ .. Adminisrraciones.. ,_ .. CUcntas Provisionalcs (Amillaumienros, Seguros y Ganas por euenta de SociO$ Presutarios),. Prcsu.DIO$ Sabre Acc:iones. Actiones cn Deposito .... Prest amos Hipotccarios. Prestamos CaducadO$. Creditos Hipot«arios. Verlta De Bienes Inmucbles ..
?
200.00 2,325,600.00 1,474,400.00 157,413.78 1,846,182.75 618,453.66 351,211.50 41,849.18 Y6,815,310.87
Capiul A Rcalizar Dc Acdoaes Ordinacias.. ''''63,929.75 de Inversion
69,687.25
A/D.
4,86').57
5,757.50
P 69,687.25
Adelantadas ... Iotefe$e$ Adclantados .. In(creset A Rcalizat. Multas A Reali:ur .. Intcrcscs A Pagar De Obligaciones . .. ' Dividcndos A Pagar De Acciones Prcleddas . f' 94.38 Liberadas. 3,26L67 Especialcs.. 11 ,962.47
216.00 1,344.79 90,738.91 8,195.27
31,181.41 CuOU$
41,009.49 289,358.00 IOl,C)9J.79
'P645.176.15
1"2,574,600.00
U9.783.07 709,928.18 970,176.28
464.41
15,318.52
Fincas Subasradas: Varias sujctas rccracw. '1.'270.376.)4 Crystal Arcade .. 1,363,555.)7 Fincas En Am:ndamienra can option de compra Bienes Inmueble$ .•.
62,729.52 1,061,090.88
f'7,1]2,239.64 Meno! Dcprcdadon del Activo 1,137,063.71 Edifido Social. .. Mueble$ Y Utilcs
Actiones Caducadas ... Accione$ Vencidas .. Acredores Varios. Dcpositantes de Acciones .•...
1,633,931.71
P 585,600.00 10,040.21
Total .... . .•. VICENTE DELGADO, Gmntr In'ainD.
7,8]0.99 10,233.59 36.578.66 101,093.79
f'"341,702.1S
Utilid:u:les En Suspenso S/Venta de Dienes 51,047.86 lnmucbles. . Alquileres Reservados.. 14,269.25
65,317.11
Reserva L.cgal... Perdidas Y Gaoancias-Sobrantc.
1],226.7-4 635.39
5,995,175.93
595,640.21 P7,2J6,192.29
Total , ...................... .
"1'"7,2]6,192.29
LORENZO NICASIO, Clltl',,,/~, (Continued)
160
THE COMMERCIAL
&
INDUSTRIAL MANUAL
Del 10 de Octubre al 31 de Diciembre de 1936 lnter.:ses de Obligacionc$.. Asignacioncs. Alqu ileres de OfieiDa en Ccbu . . . Libros, lmpresos y Efccws de Escritorio. Comisiones de Agcotts .. Gascos Gcn cr a l ~. Gastos L::g :ilcs.
Sueldos de Emplcados ... Dcmeriws :-Ed ificio Social. . Mucbles )' Utiles.
,>
65.53
DlSTRIBUCION
3.687.56 285.00
Utilidad Neta , .. " " " " '" Sobrante del pasado crimcstrc, Fondo de Resc:rva Lcgal-5 % s/P I05,351.:n , Dividendos: A"iones Prcferidas .. Libcradas . . ......... . d.e Inversion A/ D . de Inversion E. Especiales 1.4% .. Ordinarias 1.4 % .. Sobrante .
459.92 852.70 1,728 .12
115路54 14, 162.10
Pl,]SO.OO
539.35
1,889.35
Interests. Alqu ilcrcs del Ed ific io Social. Id. de Dienes Iomucbles .. DCScucntO de Dinero de Actiones Rcci\'idas. Derechos de Transfereocia ....
Mulras .... Difcrcncia CD Venta de Bicm:s\Jnmucblc:s .. Comisioncs sobre AdministncionC$.. Utilidad Ncu ......... lOS.J5I. J7
".
1>128,597.l9
"105,351.37 I,TI2,18
1:'" 82,112.48
'路 5,267,57
5,19}.Q7
:P
28,861.15 4,617.25 51.20 3,807.47 J.915.D7
22,n-U5 345,512.87
39.50
128,597.19
HIJOS DE F. ESCAzIl"O, I NC.
H ead Office: 41 Martires St" Cebu, Cebu, P. 1. -Nationality: FilipinO--B1lsiness: Hemp Exporters and Copra Dealers _ E stablished : 1928A uthori::ed CapitJal: 2,000,000.00 _ Paid-Up CtlI[J'ito I : Pesos 1,150,000,OO-Telegraph: "Escaiio"Codes Used: A. B. C. 5. A Edition, Bentley's with Appendix- Branch Office: l\falitbog, Onnoc & Baybay - Priuci/,(ils : Lorcnzo Escaiio, Manager; Dircctors: Lorenzo E scaiio, J\lamerto Escafio Jose COI路omina..;, Agustin Escaiio and Juan SalaBank Rc/crcnces: Bank of the Philippine Islands, Chartered Bank of I ndia, Australia & China, Philippin e National Bank, EL BARATO FJ e(td Office: 300 Caniedo, Manila-Business: Wholcsale Im d Retail Jewelry.
EL DORA DO OJ L WORKS H ea(l Office: San Fr-aacisco, Califor nia_Manila Office: 318 Nationa l City Bank Building_Na~ tiollality: American-Business: Copra Crushers--
1.00 37,908.50 2,309.40 3,714.57
101,220.59 635.39 1' 107,123.55 '1'107,123.55
Established: 1896 ill San Francisco-Authorized and Paid-ilt Ca,pi:/JiW; $1,500,OOO.00-Tcfegrap/t: "Eldoilwl'ks"-Code : Acme-Bank Reference: Bank of Ca lifornia, San Francisco,
EL DORADO TRADING COi\U 'ANY, I NC, H ead Office.: 318 National City Bank Bldg" Mnnil'3- R eyistcl'cd : June 21, 1 935-T cnn: 50 years -B1IsinesB: Export of Copra, Coconut oil and brproducts; other vegetable oils, fats and t heir Byproduct9-Natiomdit'Y; Filipino _ Cal)itul Stock: Pesos 5,000.00 di\~ded into 50 shares of the par value of Pesos 100.00 each-Subscribed an.d Paid11t pital: Pesos 5,OOO.00_/ llcorporatora and Dircctors; Manuel 19ual, E. A. Seidenspinner, Vicente Solis. Vicente Gallegos and L ui9 111. Martin-T,'caslo'el': C. W. Wiknnder, Manila, P. L
a..
EL HOGAR FILIPINO H ead Ofiice: Manila Mutual Building & Loan Association. EI Hogar Filipino is the answer to every newly-wcd's prayer for a nice litUe Jot for two on top of some suburban hills. LcJ;:'it.imatc' pioneer in
161
PHILIPPINES the field of home building propaganda, El Hogal"s as!Jets made possible the reclaiming of suburban hills and marshes and drcs10ing them up with g, suitable atmosphere for a home,
With El Hogar loans, most Filipino homes opened themselves on easy installment plans and developed the touches of domestic bliss and comfort. EI Rogal' Filipino started as mutual building and loan association in 1910. It is capitalized at Pesos 20,000,000. Its M路anila office is in El Hogar Bldg., Juan Luna. Ma路n uel Camu s i!:': preSident. Report to the Shareholders, December 31, 1936: The year 1936 comes to a close with very favorable results. The country's industries arc Pl'OSpCl'OUS, particularly the mining industry, which during this year has greatly ilJcrea~ed ins former production; the country's produMs have brou,ght good prices and real estate values, for sale and lease, have greatly increased. El Hogar Filipino has.. also shared in this general improvement of the country. By the middle of last year, a~ you were "Quly notified, we were able to eliminate the deficit set up in April, 1934, and on September 30, 1936, we declared our first qUarterly dividend on our PaiO.-up, Preferred and \Investment shares, according to the rates fixed at the time of their respedlive iS9Uance, and 2-1/ 2% to our Ordinary and Special si),ares. The net profit of the last quarter, as you will !!ce from the attached copy of the General nnhn~1! Sheet and Statement of Profit and .Loss Account!, amounts to pesos 105,351.37 which sum, added to tI,e surplus of Pesos 1.772.18 in tthe former statement gives us a total of Peso!! 107,123.55. This amount enableG us, after deducting 5% of the net profits for the Lemal Reserve, to pay the fixed dividends on our PaicJ.-up and Preferred shares and accumulate to the capital, that corresponding to the Inve...o.tment shares, according to the re!!pectiv~ l'ates of dividends, and furthermore to declare a dividends of 1..4 % on the Ordinary and Special shares, thereby leaving the sum of Pesos 635.39, which is rtransferl'ed to the Undivided Profit account. Of the divide-nQ' peltaining to the Special share.!:, 0.2% is added to the capital and 1..2% is pa.id in cash to the shareholders. In view of the fact thatt the Corporation has returned to normalcy, the Board of Directors has d~med it advisable to 'O.gain issue Ordinary shares
and to grant new mortgage loans as !!oon as circircumstances permit. The debentures bearing 770 interest which at the beginning of the year amounted to Pesos 93,800.00 have been called for retirement, and all have been paid ,vith the exception of debentures in the sum of P esos 15,000.00 which have not yet been pl'osented for retirement; they have ceased ta earn intere!!t from the drute on which they were called for retirement. The net receipts of the last quarter amounted to Pesos 144,766.30 which were distributed in equal shares to the payment of withdrawals, matured share!! and other operations, as provided in Oul' By-Laws. It is a pleasant thing to inform you th{l.t after the first dividend was declared last September, many of the shareholder s who had filed applications for ,vithdrawal and were awaiting turn to collect the withdraw{l.l value of their shares, have deemed it advisable to cancel their application!!. This attitude of said shareholders, aside from making it easy for the Association to go on, offers a grEateq !1limulus and new incentive to your Directors who have devoted {l.l\ their efforts towurM the complete recovery of "El Hoga r Filipino."
By l\Januel Camus, President. EL NAVAL
~IAN
KEE CO.
Head Office : Iloilo _ Mltionality: Chinese BIIsi11ess: Wholesale & Retail Hal'dware-Estublisheel: 1918 (Iloilo); 1936 (Bacolod) -Capital: Pesos 250,000.00 (Paid Up) PM' l'allul 0/ Slta)'cs: Pesos 500.00-Annual T!tJ'lIoTJCJ' " Pesos 'lOO,OOO.OO-ReseJ've; Pesos 45,000.00-BJ'Ul!cl~ Office: Ba-::olod, Negros Occidental-i\lal1aU61': Enrique Sua Bak San -Bu'Ilk RC/C)'fmce: Philippine National Bank, Iloilo.
"EL ORIENTE "; FABRICA DE TABACOS, INC. Head Office; 167 Genel'al Solano. San r.I iguel, Manila- Incorporated under the Laws of the Philippine I slands-8!l$incss: Cigal' ManufacturersEstablished: 1883-PI'iJlcipals : Hal'l'y A. Lee, Presidenti J. C. Wundedich, Vice-President and General Manager-Ayeuts /01',' El Oriente, Fabrica de Tabacos, Inc., Shanghai, 153 Nanking Road., EI Oriente, FabriC{!. de Tabacos, Inc., 55 Robinson Road, ShlgapOl'e, S. S.-Bank Rc/el'e.nce. : Chartel'ed Bank of India, Australia & China.
162
THE COMMERCIAL 搂< !NDUSTRIAL MANUAL
EL SOL ORIENTAL, I NC, H ead Office : Montilla St., babela, Negros Occid m'Ltal- Registered: October 5, 1936 - Tel'm: 40 years-Nationality: Filipino - InC01'1)f)}'U,tO J'S and D'i1'8ctors : J ose F. Pacificaclor, Mariallo Vergara, Federico Tabino, Aniceto Garilao, Daniel Amar, Francisco Presquito, Sotera Abad, Sa lvador Mugar, Antipas Raoa, Ramon Sabig and Florentino M.. Puentespina. (Jose F. Pacificador , Daniel Amar, Francisco Prosquito, Sotero Abad and RaIllon Sabig, are directors only)-Treo81lrel': Salvador Mugar, Gomez St., I sabel'<l, Neg. Oec. EL TEMPLO DE DIOS EN FILIPIN AS H ead Office: San Juan del Mllllte, Rizal R egistered: August 14, 1936 - Business: The administration of 'he temporalities of the same and the management o~ the estate and properties _Nlltionality: Filipin'o---hlCorpora.ttW8 ltnd Direct01'8: Gabriel Capili, Is idro de la Cruz, F lnvbno Gakit, Braulio Corbilla 'and Antonio Miranda -Sec)'etary: Gabriel Capili, San Juan del MontE' Rizal. EL TESORO MINES INCOIliPORATED H ead Office: Manila-Na ionali ty: FilipinoBusiness : Mine Operators-Established: September, 1936 - Principals: Mariano A. Santos, President and General Manager, Roman Escueta, Treasurer, Mariano E scueta, Jr., Secreta ry, Victor Johnson. Director, Pedro Hernaez, Director-Autho rized Capital: Pesos l,500,000.00_R:lid~in Capital: Pesos 177,987.50-Par V alue of SJMre: Pesos O.Ol - Tele 91'tJ.pll: "Tesoro"-Code: Bentley's - Bank Reference: Philippine National Bank. Report to the S tockholders, April 9, !l937: Your President and Board of Directors take pleasu re in submitting their first deta il ed report on progress made t o date on t he companies' various holdings: To 'the Stockholders, April 9. 1937: Your President and Board of Directors t'<lke plea ~ UI' e in submitting their first detailed report on prog ress made to date on t he companies ' var ious holding; All camp a nd mine buildings of Santa Cruz Property-Mam bulao. Camurine:; Norte have been completed and in 'B ctual use for some time. Four cross cut tunnelt are being advanced a nd due to the f>act that hard rock ha s been encountered, powder has been r esot1t.ed to. On the Florante Claim the cross cut is expected to intersect the one and one half ( 1-1 / 2) f oot vein which has numerous fee ders coming into it. This main stringer a s..<"ol ~fed: Pe-
sos 4.20 on the surface and from all indications should make a strong vein at the point of conversion and intersection. It st.ands at an angle of 75 dagTeoo which maket. it ideal for chcap mining. The vein exposed on the &tn 1\1: igueJ Claim is 3-1/2 ft. wide and assays Pesos 14.00. The cross cut to intersect this vein is being advanced as rapidly as possible. New trail s connecting t he operating tunnels have hand work, power drills and Dei ael-Air will have to be installed. On April 1st, there still remained 1.8 Km. of the 12 km. S urigao Property-Surigao-Mindanao, ti1.wi1 to be completed. All camp house拢 and bodeg as, magazine and black8lllith shop are finished. Two quartz veins have been expo:sed and on(' calcite vein. All operations are in hard rock and no sampling has yet been done as this is pending the arrival of powder. Your company ha s ju ~ t acquired a promising looking copper property known as Zambales Property. The surface carbonates showed 3 per cent oopper and within a comparatively few feet in depth high content sulphides should be encountered . 'I1his property is located adjacent to deep water. Tl'ansportat ion a nd cheap mining is pos!!ible on account of its location. Work is to be star ted with路 in 30 days. Your directors, in the future, will keep you advised on a ll operations and new acquirements. M. A. SANTOS, Presid,m t. ELITE KINDERGARTEN AND PRIMARY TRAINING SCHOOL, INC. H ead Office: 721 A. Mabini, Manila-Rsuistsr. cd: May 17 1935-Businc88: A. Kinderga rten Primary and Training School_Nationality: Filipi路 no-/ncOTpOrUu,rs and T rustees: Miss J eanne l\fasS'ey. B. S. E., Mrs. Sofia de Veyra, 8. S. E., Mrs. Olive Massey, A. II., J ose Castro, Ph armacist and Mrs. Emilia Aragon. ELIZABETH ANACONDA MINING SYNDICATE H ead Office: Manila_Nationalit y: FilipinoBusiness : Mining Operators-E stablished: November 1, 1936-A1tlhorizcd Capit(ll: Pesos 1,000,000.00 - Paid Up Capit1tJ.l: Pe90S 585,300.00-Par Vallt/! of Shares: Pesos 0.10-Principals: G. A. Montinola, Pres., A. M. Hilado, Vice-Pres., C. R. Cabanes, Sec., C. V. Lobaton, Treas., G. Abre.ra, Dir._Bank Reference: People's Bank & Trust Co.
163
PHILIPPINES
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164
THE COMMERCIAL & INDUSTRIAL MANUAL
ELIZALDE & CO., INC. H ea(l Office : Elizalde Building, Muell e de In Indu stria, Manila-B?'unches : Ccbu, Iloilo, Gubat, Sorsogan, Hongkong, Shanghai, New York, San Francisco--B1Isiucss .- General i\I erchnnts, Manufacturers, Importers, Exporters, Ship Owncl's, Insurance Manager s, Manufacturers of Rope, Paints & Oil Products, Wines, Alcohol, also Lumber, Sugar and Hardware Dealers-Establis/tcll: 1854-Pl'ivatc Limited Company Incor porated under t he Laws of the Philippines-Authorized Cwpital,' Pesos 10,000,000.00 in 100,000 Shares of Pesos 100.00 per Share-Paid-up Capital: Pesos 4,OOO,OOO.QO-OfficCl'S: J. M. Elizaldc, Chairman, F. Von Kauffman, Vice-Chairman, Juan Elizalde, President, Angel El iznlde, Vice-Pl'esident, Manuel Elizalde, Vice-President-Tcleomph: "Elizalde"-Cocles: Acme, Bentley's--Ba1Ik Rc/crellce: Hongkong & Shanghai Banking Corporation-OUln_ el's an(i M (11!(~gCI's 0/ (,!w /oliowilIU : Elizalde Rope Factory, Inc. , Manufacturers & Exporters of ali k inds of Rope; Elizalde "\aint & Oil Factory. Inc., Manufacturers of Yco P aint, Auto Polish, Floor ,- .~ Oils, Varnishes; Ta ndua y Distillery, Inc., Quail ty Wines & Liquors; Elizalde Mel'chandising Dept., Coolerators, H ardwa r e, Ship handlery, Novelties; Manila Steamship Co., Shipownel's; Anakan Lumber Company, E xporters & Dea lers in Philippine Hardwoods; Metropolitan I nsullance Co., Firc, Mari ne, Motol' Cal', T yphoon, Bonds Etc.; Sugar Centrals; La Carlota, P ilar, Saru-Ajuy-Gencral Managers in the Philippines for The United States Life 1 ns urance Co. Elizalde & Co., Inc., is one of the ol d-established .commercial houses in the Philippines which, during the eighty-two yearS'. of its existence, has con路 tributed g reatly to the cconomic development of the country. Eli z-a lde is well known and has made a reputUJtion for itself not only in the Philippines but abroad. It h as pioneered in the promotion of industr ies and eOIlUllCl'Ce, and today its product9 are consumcd not only throughout the Philippines but in mally countries of the world. It is indeed Iootunate tqat at this S'tage when we are establishing a r obust economic foundation for the new n.ation, we have a firm with !the prestigc, promin cnce and standing of t he H r use of Elizalde which is ever ready, a s a lways in the pnst, to assist it'. the up build ing of our national economic structure. And so, we find the pantneI"!':hip of J oaquin l\J. Elizalde and Joaquin Ynchnusti opening a ship
chandlery more in this slumbering town in 1864 on the North bank of the Pasig. Looking across the river lhey saw the possibl ~ lities of S'hippin g in t he Manila Bay. The partners acquired their fir .. t steamboat tlnd forthwith started trading in bay town s a s well a s on the shores of Lag una Lake. I t may be men'tioned that the Osorios of Oavite were among the original partners of this concern. To this day "fl Fcion of that family . L . Osorio, works with the firm. They were the first to irltroduce the steamboat on t h csc water s. and t o develop the econOmic life of that portion of t he country with the aid of this a dvanced means of t ranspollLation. Such t r ading in due course developed into interisland shipping with the formation of the Man ila StE"flmS'hip Co. , Inc. and the purchase of ade~ ((Unte ships to meet the need s of the southern islands . Thus, we find today the Elizalde ships, with their unparalleled shipping service, pl ying betwcen Manila and southcrn ports, and contributing in a larg e measure to the comfort a nd economic wellbeing of the peopie oi the South. Ellizalde waS' 110t only {t pioneer in bay and interisland shipping, but always conSidering service to t he pUblic as its own conccrn, it brought improvements in coastwise transportation when just befol'e t he War of 1912 it placed on the linc the histol'ic Govcrnor Forbes, which was both an event and on, di s:tinct achievement for public good. The Governor Forbes towered above t he aging ships afloat at that t ime llnd t he new luxurious, commodious, comfortable and fa st ve9Sel was truly a gift to the traveling public. Here was modernity in reality. As one idea begcbs another idea. by the Slimc token one succe..~s ful business venture lcads to anothee. And again the partnership of Elizalde & Ynchau9ti, finding that wines jibed perfectly with their merchand ising and shipping activities, almost <;imultaneous ly with t he opening of th is branch, ocquired t he Tanduay Distillery of Don Valentin Teus which he brought to the partnership of Elizald(> & YnchauS'ti as his pa rticipat ion in the firm when he joi ned t his fast, ex panding enterprise. It is of interest to note that Don Volentin Teus, one of the few English-spcaking Spaniards of the carly years of the 19th century in the Philippines upon his arrival in Ma nila from t he United States immediotely went into the distillery business. But as blood is thickpr than water, Don Joaquin M. Elizalde and Don J oaqu in YnchnuFti being
PHILIPPI NES his cOllsins, Don Valentin Teus could not resist the caU of blood and joined the partnership, such participation in the Elizalde businc!:s being perpetuat;.ed by succeeding Teus generations. "Tanduay" as a trade mark had become so dominant j路n the local market !that in many parts of the Philippines even today "Tanduay" means wine Or liquor in popular parlance. The Tanduay Distillery constitutes! one of the principal subsidiarie~ of Elizalde & Co., !nc. Its products, by sheer merit, the result of eIghty-two years of incessant and diligent experiment and research, adorn discriminating dinner tables at home and abroad. Tanciuay wine, liquors and cordials, pl'ize winner~ in international .as weH as local expositions, did not just happen. They are produc,ts of an industry fostered and improved 00 t.ssiduously for four scores and two years, with one ideal uppermost in the endeavor, the pride of achievement, the glory of success. The Elizalde Rope F-actory, now supplying twothirds of the volume of r01;'e exports of the Phil_ ippines, manufacturer of th'e highest quality rope in the world, is the mode~ counterpalt of t h e original 191a de BalUtt Rope Factory of 1851 of the partnershi p of Elizalde & Yncha,usti, which was one of the foundation stones of the Elizalde industrial empire of the pre~ent. Such is the importance of this indush路y '3.S a source of an essential export item of the Philippine9 that in the considepation of the economic aspect of the present Independence Law its fate under the new PhilippineAmerican pol ?tical and economic relations was the. subj ect of lengthy di~cussions by Amedca and tho Philippines in Washington and in Manil{l.. Rope has been a world sbapJe product even commerce came into being, an industry as old as the institution of banking, ana the original Isla de Balut Rope Factory in T ondo, forerunn"'l" of the modern and completely mech-anized Elizaole Rope Factory of the present day, unquestionably had been a worthy contributor to international conunerce in the sailing boat day~, as its successor is a notable contri butor to world trade of the Philippine Clipper era. ~ince
As fiber to ed t hat go into
rope-maker requiring boatloads of abaca feed its plant, plain common sense dictatElizalde should, for very obvious reasons, the production of the primary mater ial.
Abaca fiber in the r aw or p rocessed is an export material of fir~t magnitude whether in the
165
infant days of the Balut Rope Factory or in the roaring present. The acqui9ition of hemp pla~ta颅 tions in Sorsogon, Gubat, Bulan, and other neIghboring> abaca regions for t he production of abaca fiber was~ therefore, inevitable. This move led to the ex!tensive development of the ag ricu ltural resources of Sor sogon, the Eliz-alde and the Alegres being the first to open up that rich country to the touch of civilization. For more !than sixty years now Elizalde has been working the virgin lands in this portion of the Bicol peninsula, having established a perIYIanent trading post t here which has, throughout that period, quite considerably supplied the people with ~he essentials for immediate per~ona l needs as well ns t he capital to f inance thei!- private enterprises. It \vas during rthis epoch that Elizalde handled other staples such as rice, copra, tobacco, including coffee and almaciga; in fact any product that could be sold in foreign markets, thereby >Riding in a large meMure the growth of the expont trade of the Philippines. The hemp industry in general has, from its beginning, followed the ups and downs of the hemp 'nnd rope market of ,t he world, these staple product's depending largely on m al'kd~ conditions abroad, The Rope Factol路y being principally the direct consumer of the abaca raiscd in its own hemp plantation, the constantly changing conditions. and influences in the abaca marts could not "break" Elizalde's abaca production so long as the high quality of its rope cou ld cOll'll1Ul.nd t he rope situation in foreign markets as thus far it has happily been -able to achieve. The Elizalde rope is supreme in four conltinents. Being a pioneer in the eCOllomic development of the Philippines, it wa~ not unexpected that ElizaJde should tackle basic industries. Like t h e mountain stream Ithat rushes down to seek the mother of waters, the career of Elizalde just as fatefully t raced the natural course of industrial expan~ion, from ship chandlery to shipping, then tto distillery, on to rope-making, further afield to hemp and sugar, to logging, paints, oils and varnishes, insurance, mining, cattle raising, imports and exports, financing oand banking thus running the entire gamut of economic life, covering an extensive field of commercial, industrial and financial elnterprise~,.
La Cariota, P ilar, Sal'a-Ajuy, Sugar Centrals in Negros and P anay. are tripod on which rests the economic welfare of a goodly portion of the
166
THE COMMERCiAL & INDUSTRIAL MANUAL
butes its mite to the rapidly increasing volum!" popula.tion of both islands. Starting out as muscovado sugar producers the Elizalde cane sugar of national wealth. h aciendas in Negros, nfter the world upheaval in Logging, simple as it might seem, is never1914 which shook every naltion, -and altered life to theleS'lS a heavy industry requiring an elaborate such a degree as to demand more and more supo~anization. machines, and sturdy men of iron plies for human consumption, and to catapult sinews to undergo the rigors of the savage hinterhumanity into a new world with new outlook, new land, and at the same time, to perform their job ways and new philosophies, came to be a fit locale efficiently and profitably. A\\'\8re of the heavy for the birth of a new industry, the Sugar Centra\. demands of this industry upon the toilers of the "La Cariota", the pride of Negros, fed by the forests who cut down timbers and prepare them. Elizalde sugar plantations and affiliated haciendas, for export to foreign m-arket!!', the Anakan Lumber in Gargantuan fashiOn mills white gold which, for Co. has, a s one of its important activities in the a score of years, has been a hes\'cnly blessing to Log Camp at ' Gingo-og, Misamis, a free medical the people of Negl'os. La Oarlow's sugar-a bounty ,and hospital service, run along modern standards from the soil of the Visayas- fattens t ha nation for ,the benefit of the entire Camp and of other. ll.nd elevutes the fouls of farmers -and toilers. persons in the sunounding country. Such good "Pilar" and "Sara-Ajuy" in Panay repeat the story neighbor policy ha s never yet failed to yield both of "La Carlota". material and ~ piritual rewards. Equal in importance to the SlugaI' centrals (lS It is pertinent to recall however that when sources of national wealth and happiness for the Elizalde sta l路ted to operate its forest concesSIOns thousands of peapJe of the soil al路e t he vast Elizalde at Gingo-og, it W路'lS almost impossible to make any haciendas in Negro~ and ~an{\y; Najalin, Esperanheadway becnuse of the heavy taU of men, victims za, Valencia, Sante, Nino and Lanjagan. In these of malaria. But Elizalde would not be daunted I-at.ifundia are nestling pro~erous modern barrio~ by such a handicap, fonnidable as it wa s. Men being which are provided with complete facilities and the first aSSlot of any Elizalde enterprise, their conveniences for civilized Iifel schools, free hospilives were t herefore its primary concern, and it tals and medical service, playgrounds, ~ocial centers immediately appealed to the Rockefeller Foundaand every opportunity for self-improvement. In tion which readily co-oper:lted with the firm by La Carlota alone, one of the largest employers of .sending a scientist. who in due time cleaned the men in the country, an average of 12,000 patit!nts reservation, destroyed malaria and made it fit and 1'early are given f r ee medical attendance. Elizalde safe place for human habitation. And so Gingo-og has equi pped these ban'io people with everything flouri~hed. that makes contentment, and clean and bright life, Since t he opening of the Elizalde Paint & 'a life with a purpose. Oil Factory, Inc., the importaltion of paints, oils. It might also be mentioned t hat in the Elizalde and v:arnishes into the country has been gradually haciendas at La ~l.I"lota. the firm has for years and steadil y decreasing at the same rate as proeng>aged in patient experimentnl growing of grassive production and consumption of "yeO" procotton to dctermine the variety suitable to local ducts by the home market. One ha s only to glance soil ~'l.nd climate, for the possible development of at the import figures for the years 193 1, 1932, 1933, a textile industry in the Philippines. In his report during which the import of mixcd paints. fo r into the National Development Company, Mr. George stance, had dwindled from Pesos 512,199.00 to R. Coleman who was contradted by the government Pesos 234,665.00 and Pesos 172,403.00 respectively; to make a preliminnry cotton survey brought out ancf t he imports of polishes for the same vears had this fact. similarly toboganned from Pesos 162,954.00 to Logging is another Elizalde basic industry. Pe90s I19,933.00 and Pesos 101,691.00 respectively. The Philippines is dotted with va~t primeval forIt would be heretical to assert that such dIsests fabu lously rich in numerous kinds of woods mal decrease in paints 8nrt po)i<:h imports is due in gl"(l3.t demand abroad. With its forest concessolely to the competition of "YCO" produch, sions in Mi~ami~, and logging operations under other factors undoubtedly having exercised their inthe Anakan Lumber Co., Inc., using the old foresight and initiative in the development of the natur- iluence lind contributed to a certain degree to such breakdown. al resources of the country, Elizalde again contri-
PHILIPPINES But one powerful reason for the 9trong hold of the Elizalde Paint & Oil F-actory on the home market is that it. has not been content with merely turning out domestic products, and letting the industry rest on that transient glory. The firm has kept abreast of industrial progre~s, and keeps faith with the con&umer, always intent on satisfying his requirements and rendering t he service that he demands.
167
installing derricks, dredgers, and mills, and through such mechanical devices will endeavor to extract from the b09som of the earth not paper promises or water but true gold values that do not fluctuate with the whims of middlemen and money-changers, remaining true values after they come out of the mill. As Elizalde proceeds gallantly over hills and dales over the surface of these gold-littered Islands, why shOUld i.t not tal'l'y on the magnificent mesa of Bukidnon long enough to set a pair of cattle and them grow and multiply to eight thOU98nd head, a con~iderable source of food supply of the country. Bukidnon is the land par excellence fOl' cattle ranching. Cattle breed like Nellores and Scindis of India which do so well on Philippine pastures and tropical climate have been pronounced by breeders and l'ancber-s to be excellent source of meat supply. The Elizalde cattle ranch in Bukidnon proves tha.t aggertion, and, at the same time, makeS' substantial contribution to the national shibholeth of economic self-sufficiency. However, in spite of the fact that, by reason of the prohibition of cattle importation which was instrumental in the rapid progress of cattle raising, there i9' a tremendous growth of cattle popUlat ion in the J;l:hilippines. (now about three million heads) Illhe volume of froz en high-grade meat !"email1s a big item in the import li~t of the country.
In Pambuhan Sur, Samar, where the country is wildest, where the camotes grow like weed~, and rice is as rare and precious as pearis, lies rich iron clainw which Elizalde has started to develop. Formerly acsessible only through the snakepath, the location of the mine;,; call now he l'(.!~ched comfortably by the eaglf: l'out~, in fast Elizalde transport planes which commute between Manila, :Samar, Davao, and.. other Elizalde po9ts in the provinces. In Pambuhan Sur, Elizalde not only is developing iron mine~., but building up a town, and organizing a community along modern standards, elevating the people from the Camote level of living to the rice standard of life, like other progressive communities in th,e Philippines. Because of thE. scarcity of... food supply in this isolated country the camCite-eating people there arc naturally undernourished, underfed, and povertystricken. They are a labol' and social problem in that being physically unfit for steady work they ~ve to be properly fed, made up into adequate man-power, and given facilities and conveniences ELIZALDE PAINT AND OIL FACTORY, INC. Head Office: Elizalde Bldg., Manila-Registerfor the greatest enjoyment of social life for theil' ed; March, 1935-7'el'll!; 50 year~-Business; Whit~ own sake as well as for the ,common good. Lead, Red Lead, Litharge, Orange Mineral Oils Thus, before going into actual iron mining Paints, Varnishes, Fillers, Stains, Colors.' Elizalde had to establish its own ail' tran~port mels, \Vatcl'-pl'oof coating and compounds, mortal' service for a more rapid communication with this wild country; open a free dispensary to satisfy and cement stains and coatings, Glue, Putty, Polishing waxes, 1"1001' waxes-Nationality : Filipino-the medical needs of the people; bring abundant Capi!al Stock: Pesos 500,000.00 divided into 5000 supply of rice Rlld other victuals to the hungry; sha'res of the par value of Pesos 100.00 each-Subconstruct new and sanitary living quarterS'. for the use of the labol'ers and their families; in short, scribed and Paid-itt Capital; Pesos 300.000.00 (Cash, shed the light of 20th century oto a benighted peo- Pesos 600.00 Property, Pesos 299,400.00-ln'(!o)路pwat(WS and Db'ectors: J. J. Elizalde, F. Von Kauffple. mann, J. M. Elizalde, Juan Elizalde, Angel Elizalde This is a greater -achievement. the building up and Manuel Elizalde-T )路easlu路e)': Eduardo Yrezaof the man of the forest into a strong healthy man bal. of a mining camp than the mining of iron itself. And in Davao Elizalde is only duplicating the roELIZALDE ROPE FACTORY, INC. mance of Pambuhan Sur. H ead Office; EIi~alde Bldg.. Manila- Reg iste)'In both localities, in the endUlVor to obtain fld; March 18, 1935 _ Te)'m: 50 years-Business: the basic materials upon which industries and comM路anufacturers and dealers in ropes, Cordage, merce build their towering struCiture~ Elizalde j.~ Hemp, Fiber, Cord, Wire; Manufacture of rope-
r::; ,S:
General Merchants and Manufacturers
Cable Address: "ELIZALDE"
Agellfoies mid
ca.INC. 854
Retail Wholesale Importers Exporters
U.f. LIFE ("'URANU CO.
Over the World
P. O. Box 121, Manila
170
THE COMMERCI AL & INDUSTRIAL MANUAL
Nat'wnality: Filipino - Capital Stock: Pesos 2,000,000.00 divided into 20,000 shares of the JXLr value of Pesos 100.00 each--Subscribed a-nd Paid-in Capital: Pesos 1,000,000.00 (Cash, Pesos 600.00; Prope)"ty, Pesos 999,400.00) _ i7lcorp(»)"u toTs and Directors: J. J. Elizalde, F. Von Kauffmann, J. 1\1. Elizalde, Juan Eliznlde, Angel Elizalde -and Manuel F.lizalde. (Manuel Elizalde, is an incorporat;(lr only)-TreasIITer: Eduardo Yrezabal. ELLIS, EDGAR & COMPANY
Head O//it;e: 189 Juan Lmta, Manila-Nntionalify: British- B usiness: Stock and Share Brokers - Established: 1936-P rilicipuls: F. M. Ellis. l\'lember Manila and Hongkong Stock Exchanges; A. J. Tdgar, Member Hong kong and Shanghai Sto('k Exchanges-Correspondents for: Elli s & Edgar, Members ot: the H on gkong Stock Exchange, H olland House, H on~kong-TeleGl'aph: " ElJedco"B(l1!k R eferences : HO'llgkong & Shanghai Banking Corporation; Chartered Bank of India, Australia & China. ELMAC INC., ELECTRICAL & MACHINERY COM.PANY Head Office: 627 Rizal ve., Amanita, P. I., P. O. LOX 625-B)·anch: Iloilo, i6 Ortiz-Nationality: Philippine COl'pomtiolt: W. Teucher, Pres·Treas; Consul A. Sidler, Vice·Pres; P. A. Meyer, Director; H. J. Widmer, Director ; Juan Varela, Director E8tablished: 1924-Capital: Pesos 500,000.00Paid·in Capital: Pesos 270,000.00-8u8ine88: Importers of electrical and Engineering, Repair Shop - Bank R efe)·ences : National City Bank of New York, Manila, Philippine Trust Company, Manila -Agenoies: Frick Co., Waynesboro, Atlas Brass, Co .• Los Angeles, Hanovia Chenlical & Mfg Co., Newark, N. J., Peerlel;'s Pump Co., Los Angeles, Robbins & ]\'Iyers Inc., New York, Siemens Reini-
ger.Werke, Berlin, L. M. Ericession, Stockholm, Svenska-Elektromekaniska, Haelsingborg. Sweden, Gueldner Motorenwerke, Aschaifenburg, H. Mosblech, Koeln-Ehrenfeld. Messer & Co., Frankfurt, Germany, Tangyes Ltd., Birmingham, England, and others. E . E. ELSER, INC.
Head Office: 400 Kneedler Building, Sta. Cruz, Manila-Nlltionatity: Filipino-Busines8: Insurance Agency-Estu.bti8hed: 1905; Inco rporated 1932- A ltthol'ized Capital: Pesos 200,OOO.OO-Pa id Up Capital: Pesos 200,OOO.OO-Pu.r Va lue of SlIareR : Pesos 100.00 - T elegraph: "Edmil" - CodeR: Bentley's, Complete & Second- Directo,·s: E. E. Elser, J. Fred. Dow, T. M. Jordan, E. A. Rowe, W. A. Burn Agencies: Employer's Liability; Atlas Assurance, Continental, Orient, Insurance Company of North America. EMPRENDEDOR, INCORPORATED Head Office: c/ o Phil. Trust Co.,-Registe)·ed: September 24, 1936 - T erm : 50 ycars - 81(sillcS8: Broker9-Na.tionaiity: Filipino-Capital. Stoo/': 20,000 shares without par value. all of which shall be designated common stock wit.hout. par ,'alueSubscribed Capital: Peso£ 20,OOO.00-Ca.pioo/ Paid: Pesos 5,000.OO-lncorpo)·atoTs and DirlJoto,·s: p. M. Poblete. Simeon Reyes, 1. O. Guzman, D. C. Matias and R. Mariano-Treaslo"cl·: P. M. Poblete, Manila, Philippines. EMPRESA NACIONAL BIOGRAFICA. I NC. Head Office: Bacolod, Occ. Negros- Registered: November 28, 1936-Term: 50 yean_BU8iness: Publishers- i\I1a,tionalitll: Fiiipino-Cul)ital Stock: Pesos 20,000.00 divided into 100 shares of the par value of Pesos 200.00 each-Subsc)'ibcd Capital:.
E . E . ELSER INC., INSURANCE AGENCY AgmtJ for: EMPLOYER'S LIABILITY - ATLAS ASSURANCE - CONTINENTAL ORIENT INSURANCE COMPANY OF NORTH AMERICA
400
KNEEDLER BUILDING , MANILA
STA.
CRUZ
171
PHILIPPINES Pesos <t,ODO.OO-Capital Paid: Pesos l,aOa.OO-IncorpQrators alld Directors: Elesio Limsiaco, Miguel Gatuslao, Sixto Y. Or05a, Narciso Guanzon and Fe Balgos de Guanzon-Treasurer: Fe Billgos de Guanzon, Bacolod. Oce, Negros. ENGINEERING EQUIPMENT & SUPPLY CO., I NC. Head Office: Cr. 13th, and Chicago Streets, Port Area, Manila-Nationality: American-Business: Mining Machinery & Equipment; Contractors -Established; April 30th, 1931- Principals: Rey L. Parker, President; F. S. Parker, Director; D. B. Macaice, Director i L . E. de Weese, T reasurer; C. AbaI'quez, Secretary- Authorized Capital; Pesos 1,000,OOD.aO-Common: Pesos 800,OOO,OO.-P,'e!cITcd: Pe. sos 200,OOO.OO-Paid-in Ca.p-ital: Pesos 900,000.00Common: Pesos 800,000.00-Pre!erred: Pesos 100,QOO.OO-Par Val1u o"Shares: Pesos 1.00-Annual TUT1lO ver : P esos 1,500,OOO .00-RestlM.'tl: Pesos 250,OOO.OO-A gents for: The Denver Equipment Co.; The Buda Co.; Her cules Powdel;; Co.; Chicago Pneumatic Tools Co.; Graton & Nighb Co.; The Merrill Co.; The Monarch Engineering CO'i Filtration Engineers Co.; etc.-Telegl·apk Address: Rapak-Bank Refe rence: Hongkong and Shanghai Banking Corporation. EPIFANIO AMPO STA & COMPANY Head Office: Almeida Street, Manila-Natio1V ality." Filipino-Business: Truck Oper ators Associa-
tion-Capital: Pesos 1,200.00-Manage1·: Epifanio Amposta.
EPIFANIO T RANSPORTATION COMPANY Head Office: Zamboanga, Zamboanga-Registered: August 6, 1936-Term: 50 years-Business: Tram'porting fre ight and Passengers in the Province of Zamboanga-Nationality: Filipino-Capifal Stock: Pesos 5,000.00 divided into 50 shares of the par value of Pesos 100.00 each- S!tbsoribed and P aid-in Capital: P esos 5,000.00_lnco,·porators and Dil'ectors: Alfonso Marquez, Antel'o BaSilio, Mario Agustin and Go Kay- T ,·easw·e,·: Agustin, Mercedes, Zamboanga. E QU ITABLE EXPLORATION CO., INC. H ead Office: 315 P er ez SamaniIIo Bldg., Manila. P . L-Di?'ectol"s: A. B. Latham. Presid· ent, A. J . Balls, Vice-President. Gordon I'ilackay, Treasur er, Roy M. Barcal, Oscar P . Rhudie. Annual Report to the Shareholders, February 5, 1937: The option a greement entered into during 1935 with the Consolid-ated Mine!;" I nc., covering our Capacuan, t erminated during Apl"il of 1936. An extension of 90 days wag requested but your Director s did not feel justified in granting such eXitension due to the fact that no development work had been initiated by the Consolidated Mines, Inc., on ~ur proper ty, up to that time. Being anxious to resume further exploration an d development your Directors therefore r efu!;"ed to gl"ant
THE EMPLOYES LIABILITY ASSURANCE CaRRaRA nON, LTD. Annual Statement for the year ending December 31, 1936 ASSETS Bonds and Stocks .. Interest due: ani! accrued. Cash on deposit and in office: .... Premiums in tourse of collection Leu aJlefi n~1 admifUJ:
Premiums in cours.: of collection prior to Oct. 1, 1936...
P 87,403,107.88 586,300.34 6,439,018.36 1],010,442.16
'PI07 ,438,868. 74 344,265.39
LIABILITIES Unearned Premiums ... Dividends Declared and Unpaid ... Reserve [or con tin gencies & Dividends. Rescrvc [or unpaid liability .
'l" 24,368,606.55
3,837.26 2,045,138.06 5,567,329.60 44,733,050.00 4,0Cl0,0Cl0.00
Reserve for Workmen's Compensation losses .. ....dditional Reserve .... .......... . ....... .. x],847,725.00 22,528,916.88
Cash Capital. Net Surplus.. .. .. . . .. . Policyholders Surplus.
1"107,094,603.35
. ........ ..
26,376,641.88 PI07,094,603.35
E. E. ELSER, INC. Gm(rat .if:m!
P. O. Box 598
KNEEDLER BUfLDlNG M .... NIL ....
Tel. 2-24·28
172
HE COMMERCIAL & INDUSTRIAL MANUAL
the desired extension and proceeded to make other arrangements as explained hereunder. In order to determine the extent and persistence of the various vein structures which were known, or believed, to exist, so as to be enabled to thereafter carryon development work in the most efficient manner, a geophy!-:ica] survey was a rra nged for. This survey wag m{l.de by the firm Developments Inc., whose reputalion is well known and of high standing. The survey covered an area of approximately 5 claims and was concluded during the month of August. An exploration and development contract W'9.S then entered into with the firm Developments Inc., who werc felt by your Directors to be best fitted to carryon the said work due to ~heir familiarity with the pl'operty gai ned during the conduct.ion of the geophysical survey. The principal provisions of the said contract were g iven in our circular leUer to the shareholder s, dated Septembe': 28, 1936, from which we quote as follows. " The firm of DeveioJ)ments Inc. will render s uperv il'ory services to Equitable free of ch,:u-ge during what may be termed a "development period." During this perioq. Equitable shall expend the sum of Pesos 40,0'00.00 (within 5 percen'tum, more 01' less) in exploration work following a program mapped out by Developments Inc., the said program being based bn the findings and indications of the geophysical £urvey which was recently concluded of '(l. portion of our property, comprising approximately five claims. "At the termi na.tion of the development period and after ou r expenditure of approximately P esos 40,000.00, Developments Inc. shall give notice of theil' intention to continue or Ito abandon the projcct. If Developments I nc. (or thei r nominees) elect to continue, they .agree to expend a minimum amount of Pe:os 20,000.00 quarterly (from their own funds) in the exploration, development and opel'Ution of the Equitable mining properties. They further agree to commence con!;truction of a mill within twenty-four months dating from the end of the development period, or if in!;ufficient ore ghould be developed to justify a mill, to arrange for the milling of the ore elsewhere; or to abandon the project. "Net profit which may accrue from the operation of Equitable properties under this contract shall be divided-sixty (60% ) percenturn to Developments Inc. {l.nd forty (40%) percentum to Equitable until Equit.,ble shall have as its s:hare "Five hundred and fifty thousand pesos (1'550,000.00),
and therefore after fifty (50'1(, ) pel'centum to Developments and fifty (50) to Eljuitable." DevelopmerIts Inc. began operations durin~ the latter part of October. Their progress was badly hampered in the beginning owing partiy to difficulty in obtaining experienced laborers and partly to the neces£ily for cleaning out the existing tunnels and replacement of practically all timbering. However WOrk is now well under way and we are advised that definite results should begin to show by the end of March. For your funt,her informat.ion in this reg-ElTd we quote hereunder the "December Progress Report" in its entirety. In closing 1 wi sh to s:ay that your Directors are very pleased with the economica l manner in which the exploraltion work is being conducted by Developments Inc., and that we feci ourselves to have been very fortunate in having negotiated the development contmct with that firm. Our engineer, Mr. D. G. Coplen, reports the following progress at your property for the month of Decembel', 1936. 'Ijunnel No.2. This tunnel ha s now been advanced for a total distance of 61 feet. This tW'lnel, driven as a ero~s-cut has intersected the projectioll of the structures indicated on the Geographical Map No.8. The structure M3 is represented in the crosscut by a 6-inch stringer veill which assayed $4.40 at the old price of gold. The cros~>structure N is represented in t he cross-cut by a 12-inch vein of quartz. At the time of inspect.ion by myself, a representative £ampie of the stl'ucture could not be obtained due to the muck-pile. However, a few chunks a 9Ssycd $0040. The crO£9-cut is being continued to pick up the 1\1 -1\1 structure, the objective for this cross-cut. Tunnel No.6. Only twelve feet advance was made in this tunnel as heavy ground was encountered. Addition'3 1 timbering was found necesnl1'Y as timber previously thought sound began to give way. A total of 56 sets have been put in to date. We expect better progress in this tunnel during January. Tunnel No.4. The work of reopening this tunnel was started. All the debri~ about the mouth of the tunnel was cleaned away and three sets of fresh timber placed close to the port-'il!. Trenching Iron Cap Area. The work of trenching the iron cap area was ngain deferred until better weather conditions pre,'ail.
173
PHILIPPINES Lahor Conditions. With the close of the harvesting season, labor conditions as regards hand miners eased a little hit. A shortage of skilled men still prevails, however. GCllel'al: If the results of our shallow development work are at all encouraging, your company ,,,ill be called on to authorize the sinking of a shaft and the development of the favorable structures at depth. A shaft will be necessary as the terrain enclosed by your claims is quite flat and no greater depth can be attained by cross-cut!;' of economic length from the surface than is achieved by the present Workings. A shaft of course will mean expenditure9 will have to be made for various equipment, such as a compressor, air drills, horst, etc. With this in mind, it is obvious that before undertaking such outlays, some substantial evio'ence of the prospective worth of the pro~erty should be available. Your present program of sh~low development work should
begin to show definite results one way or the othel· by the end of March. EQU ITABLE I NVESTMENT CORPORATlON Head Office: 610 Heacock Bldg., Manila-Registered: October 3, 1936-Term: 50 year9-Business: Bonds, Mortgages, Debentures, Coupons, Bill of Exchange, Promissory Notes, Negotiable I nstruments lInd Securities-Nation.ality: Filipino-Capital Stock: Pesos 500,000.00 divided into 5,000,000 shares of the par value of Pesos O.LD each-S'ubsc,.ibed a1ld Paid--in Capital: Pesos 128,000.00; Cash.: Pesos 40,342.50; PI·opcI·ty; Pesos 87,657.50-111corporatol's (l..1Id Din!cto,·s: Leonardo C. PadiJJa, Joaquin J. Gonzalez, Jose A. Montenegro, Justo Arrastia, Lorenzo T. Oiill, Gil J. Puyat, Roy D. Bennett, Juan O. Chioco, Filomeno O. Gana, Luis de Leon, Jose G. l\Iacataiig-ay and E. A. Barretto. (Juan O. Chioco and Filomeno O. Gana, are in.:orpol"':I.tol'S only) - Treasul'er: Leonardo C. Padilla, Manila, Philippines.
EQUIT BLE EXPLORATION CO,. INC, Balance Sheet, as at December 31, 1936 .... SSETS Current Assets:Hongkong and Shanghai Banking Corporation---Current Account..f" 39,186.04 Accounts Receivable. 2,429.64 'f"41,615.68 Fixed Assets:Miscellaneous Equipment .. Furniture and Fixtures ..
1.> 1,110.30 130.60
1,240.90
Claim.Options, Development and Exploration :Baguio Property.. 'P21,232.94 Mancasay Property. 16,577.81 Capacuan Property .. )4,416.15 Miscellaneous Exploration ... ),701.87 Tawig Group-Option. 500.00
76,428.77
Organization Expenses. Deferred Charges (As per Schedule) ...
2,657 .46 16,667.39
liABiliTiES Accounts Payable.. 'P Capital:Authorized: 1,SQO,((X) Shares of I> .0lO each ... r·150.((X).00 Inu,J ,."J Suhurihtd: 970,CKXl Shares of P.IO each .. 1·97,0CX).00 Less; Call in arrear .. 150.00 227,561 Shares of.. 1'96,850.00 I)O.lO tach on which '1 '0.05 per share has 11,378.05 PlO8.228.05 been ullo:d. .
.... dd : Calls paid in advance. Premium on Sale of Sharcs ..
Pl)8,610.20
Approved; A. B. LATHAM, PmiJwl.
200.00
7,512.95
115,741.00 22,669.20
1'1)8,610.20
THE COMMERCIA L & lNDUSTRIAL MANUAL
174
ERLANGER & GALINGER, INC. Head O/lice: Regina Building, Calle David and Muelle del Banco Nacional, Maniln-Bt'anches: Ccbu, Il oilo, Bag uio, Lucena-Nationulity : American-8wlincss .' Importers of Adding Machines, Cash Registers, Safes. Scales, Office Furniture, Typewriters, Radios, Phonog z'aphs, Etc.-Telegl'aph: ErlgaJin"- Officers: Wm. H. And(!l'son, President; H. N. Saiet, Vice-President and General Manager; W. H . Reynolds, Secretary and TI'casurer. ERQUIAGA ANSOTEQUI Y COMPAR IA Head Ollic-e: 909 Indiana, Manila-RegIstered: April 4, 1935-Terrn : 25 years from March 28, 1935-BusineS8: Agricultural Products- N ationahty: Spa nish-C(1)ital : Pcpos 50,OOO.OO--Capital cOlltl"ibuted by each pa1路tner: Buenaventura a'e Erquiaga, Pesos 21,25000; Rufino Ansotegui, Pesos Pesos 21,250.00; J oaquin Zuluaga, Pesos 7,500.00Manage,': Buenaventura de Erquiaga. I-1 IJ OS DE F. ESCANO, l NG. H ead Office: 41 Mnrtir~ St., Cebu, Cebu, P. L -Nationality: Filipino-B1ts\ness: H emp Exporters and Copra Deaiers-El: ta b, hetl: 1928-A1tlhoJ'-
ESCA NO, MORENO, FERNANDEZ &
COMPANY
DRANCH OfFICE: H BAD
M .'\l'N lLA, P. L
OFFICE: CEDU, P.
1.
STOCK and BOND BROKERS
Capital: Authorized: Pesos 90,000.00 Paid-in: Pesos 90,000.00
Bankm: Ban k of the Philippine Islands
ized Ctt1Jitai: Pesos 2,000,000.00-Paid-nt Capital: P esos 1,150,000.00-TelegJ'aph : " E scnno"-Codss Used: A. B. C. 5. A Editi on, Bentley's with Appcndix-B)'unch Office: Ma iitbog, Ormoc, & Baybay- P)-inei7Jnls:
Lor~nzo
E scano, Ma nager;-Dir-
eeloJ's: Lorenzo E scano, M3mcrto E sc3no, Jose Coromina s, Agustin Escano & Ju an S!lla-Ballk R efcrellces: Ba nk of the Philippine I slands , Chartered Bank of I ndia, Australia & China, Philippin e National Bank. ESCANO, MORENO, FERNANDEZ & CO. Hend Office: Cebu, Cebu, P. L-Natiolwlity : Filipino-Business: Stock and Bond Brokers-E slablifthed: February, 1937 _ A utliO)'izcd Capital: P esos 90,000.00-Puid Up Capital: Peso3 90,000.00 -Pat路 Va llIe of Shares: P ef'os 100.00- Prillciprdlf: Lorenzo Escano, Y. L. Fer nandez, J ose Moreno Yuan Sala y Agust in Duran- Branch: ManilaBatik RefeJ'ence: Hank of th e Philippine Islands. ESCOLT A DRUG STOR ES CO., INC. Head Office: 50-60 E seoita, Manila-Registered : September 25, 1935--Term: 50 yearS--Bll$ .... ness: Dl'ug Store Operators; Sundry Goods; Cigarct S; Photographic Good s-Nationality : Ameri-
EVERETT STEAMSHIP CORPORA nON 223 Dasmar iii.as, Manila PHILIPPINE ISLAN DS
SHIP OWNERS SHIP AGENTS SHIP BROKERS At,mfS T hroughollt flu O,iwl for:
LYKES BROS. RIPLEY STEAMSHIP CO. U. S. SALVAGE ASSOCIATION Philippine Agtllls:
Fea rnl ey & Eger ; Messageries Maritimes; French L ine; Philippine Steam Navigation Co., La Naviera Filipina; Cebu路Bohol Ferry Co. Cable Address 芦LEVERETI"
PHILIPPINES can-Capital Stock: Pesos 200,000.00 divided into 2,000 shares of the par value of Pesos 100.00 eachSZlbscribcd Capital: Pesos 69,500.00- Capitut Paid: . Pesos 66,125.00;' Cash: Peso!;'路 1.125.00; Property; Pesos 65.000.00- lncorponttm's and Di,'cCt01'S; Roy C. Tuggle, J. A. Greer, Mrs. Dorothy F. Greer, Antonio Syyap and Emilio Dayahan- Treasllrer: Roy C. Tuggle, Manila, Philippines. ESCUETA & COMPANY. H ead Office: Manila-Registered: May 9, 1935 -Term: Five years from Mny 9, 1935-Bt(.8iness: Import Merchants-Nationality: FilipinO-Capib3l: Pesos 5,aDa.DO- Capital contribllted by each partner: Miguel Escueta, Pesos 4,500.00; Alfredo Escueta, Pazos 500.00.
ESPINA FASHION, INC. Head Office: Baguio--Registered: August 20th, 1937-Authorized Capital: Pesos 50,OOOOO-Subscrib. ed Capital: Pe~os 13,000.OO-Paid-in Capital: Pesos 3,250.00-Nat1on(ility: FiJip\no--lnco rpol'atol's: Ramon P. Mitra, Florendo Aquin9, Pastor D. Esguerra, Valeriano A. Espina, Luciano Balagot, Hilal:io A. Espina and Jose D. Valellcia.
ESTRERA HERMANOS Y C 'A. Head Office: Calle Paz No. 362, l\Ianila-Regi~. te1'ed: January 24, 1396--Tel'm: 10 years from January 1, 1936-B-usiness: Cattle Dealers-Nationality: Filipino-- Capital: Pesos l ,200.00--Capital c01~tributed by each partner: Julia Bernal, Pesos 200.00; Estrera, Pesos 200.00; Pablo A. Es-h'era, Pesos 200.00, Ponciano A. Estl'era, Pesos 200.00; Elpidio L. Estrera, Pesos 200.0C; Iilginia L. Estrera, Pesos 200.00-----Manager: Ponciano A. . Estrera. EVERETT STEAMSHIP CORPORATION Head Office: 223 Dasmarifiasl Manila-Bl'anches: Yokohama, Kobe, Shanghai, Hongkong, Iloilo. Cebu-Blisiness: Shipowners, Agents and Brokers -Es.tablished: 1915 as L. Everett; Incorpol'3.ted as L. Everett, I nc.; 1935 Reorganized under present style-Principals: G. P. Bradford, President and General Manager, E. Danks, Secretary and Treasurer-Atttltorized Capital: Pesos 150.000.00; 路-Paid- in Capital: Pesos 137,500.00-Par Value of Shares: Pesos 100.00-General Agents ThroughO-I tt the Orient fol': Lykes Bros.; Ripley Steamship Company; U.S. Salvage Association; Philippine Agent.s for: Fearnley Line; Phil. Steam Navigation Co.; La Naviera Filipina; Cebu-Bohol Ferry Com-
175
pany-Telegrapk: "Leverett" - Bank References : National City Bank of New York; Philippine National Bank .
EXCELSIOR PICTURES, I NC. Head Office: Crystal Arcade, Manila-Registered: September 9th, 1937-AuthoJ'ized Capiroi: Pesos 200,000.00-Subscnbed Capital: Pesos 56,500.00 -Paid-in Capital: Pesos 14,125.00-Nationality: Filipino--Incorpol'ators: Ramon S. Araneta, Placido L. Mapa, Norberto Quisumbing, Angel Padilla and Felix N. David. FAJARDO & YU Head Office: Manila-Registel'ed: July 13, 193G-Term: Five years, from June 25, 1936Business: Stationers, Printers. Bookbinders, etc.Copital: Pesos 5,OOO.00-Capital contributed by each partner: Dominador Fajardo, Pesos 2,500.00; Ramon Yu, Pesos 2,500.00. FANLO Y CIA., INC. H ead Office: Ave. Rizal, Manila-Registel'ed : February 24, 1936-Ter11t : 20 years- Business: General Importation anci' Exportation-Nationality: Spanish-Capital St.ock : Peso!> 90,OOO.UO divided illto 900 shares of the par value of Pesos ~OO.OO each- Subscribed and Paid-in Capital: Pesos 45,000.00; Cash: Pesos 892,85; PI'operty: Pesos 44.107.15-1ncorporator.~ and Di)'ectors: Felix Fan10, Maria Sanudo, Jose Fanlo, Gregorio Fanlo and Arturo Fanlo--T)'easure)': Maria Safiudo, 801 Santal, Manila. FANO CHEMICAL LABORATORY, INC. H ead Office: 1421 Riza\ Ave., Manila-Registel'ed: 1\-1JO.y 21, 1936-Term: 50 years-Business: Manufacture and sale of chemical and other products- Nationality: Filipino--Cal.ntal Stock : Peso~. 25,000.00 divided into 12,500 shares of the pal' value of Pesos 2.00 each-Subscribed Ca7}ita/: Pesos 5,200.00 - Capital Paid: Pesos 1,300.00 - hlcorporato)'s and. Dil'ectors: Francisco B. Rabino Filomeno B. Parpan, Epifanio V[,.. Gaminde, Sixto B. Cuba, Jacinto L. Valiente, An tonio G. Ser gio, Jo~e P. Zamoro and Ernesto A. L. Zshornack,_Tl'easu_ reI': Sixto B. Cuba, San Venancio, Snn Juan, Rizal. FAR EASIl'ERN MI NING OPERATIONS, IN C. Head Of/ice: Ambrosio Building, 701-705 San Vicente, Manila-Nationality: F~lipino-Business : Mining; Mining Engineers; Mine Opel'3.tors; Gold and Base Metals-Established: 1936--Gapitat:
176
THE COMMERCIAL & INDUSTRIAL MANUAL
Pesos 1,OOO,OOO.OO~Par l'alue of Sital'C8: Pesos 0.01 per share-Ojficcl's ami Bount of Dil'cators: l\Ianuel V. Arguelles, President & Manager; Montague Lord, Vice-President; Dominador B. Ambrosio, Treasurer; Anastacio N. Abad, Director, Secretary, and Assistant TreaSU1'Crj Eugenio Baltao, Director, Assislant Manager; Pedro ]\f. Santiago, Director; and Fred T. Lawrence, Director.
FAR EAST OIL DEVELOPMENT CO., INC. Head Ol/ice: 219, 13th, Street, Port Area, Manila-Business: Peb'oleum Development-Established: October, 1935-Dil'ccto)'s: W. W, linITis, Claudio R. Sandoval, M. L. Coleman, Mrs. Pilar H. Lim, Maurice Furstenberg, Tomas B. Morato, A. N. Luz -kldltol'izcr/ CapUul: Pesos 1,OOO,OOO.OO-Sltbsc)路ibed Capital: Pesos 300,000.00. FAR EASTERN SURETY & IN SURANCE COMPANY, I C. Heucl Office: 615 T. Alonso. Manila- Office of the Gene)'al Agency: Ambrosio Building, 701-705 San Vicente, Manila-Mltionality: Filipino--B11sil1e88: Fire, l\'[ arine, Fidelit.y, Surety and Miscellaneous Insurance - Prtncll)ul~' Don Eduardo del Rosalia Tun Klal1,&', President, D B. Ambrosio & CompaJ1Y, Genel'al Managers. FARMACIA DE SAN FERNANDO Head Office: 8:;5 San Fern~ndo, Manila, P. 1.NatioJlulay' Filipino--B1!silll!ss: Wholesale and Het.1.il Druggists; l\'Ionufacturing PharmaC'ists-Sstabli,q/tcd: 1877-Pl'ivate Partner.:;hip hetween Dr. Jose E. Jimenez, Manager, and Generoso Velasquez --Capital: Pesos 60,000.00-Tc>legl'fll)/t Address: San fer-Batik Reference: Bank of the Philippine I slalHls; Philippine National Bank. 'I'his firm is regarded as one of the oldest drug store opcmtors in the Philippines, which has operated continuously in its present locatioll for almost a half-centurr. Only recently the firm has enlarged its scope and enlarged its invested capital specializing in the manufacture of pharmaceuticals and cosmetics. FARMERS' INSTITUTE Head Office : Bolinsong, Ta ngoh, Occ. Misamis -Registored: J a nuary 14, 1936-Tenn: 50 years-' B11Si1!C8S: Rural Education for Bolinsong-NatiO'nalitU: Filipino-Capital Stocl,': Pesos 5,000.00 dh'ided into 500 shares of the par value of Pesos 10.00 each - Slibscl'ibed C(1)ital: Pesos 1,790.00_Capital Paid: Pesos 700,00- IlIcO)'pol'ators and Trustees:
Juan Uriarte, Prooulo A. Rodriguez, Crispina Sitchon, Aurelio Mendoza, Lupo Bacolod and Feliciano Berenguel. (Crispina Sitchon and Aurelio Mendo7.a, are incorporatl)rs only). (Fank J, Wood路 ward, is a trustee only)-Trctlsnrc-l': Lupo Bacolod, Mis-amis, Occ. Misamis. FARMERS' LOANS, I NC. Head Office: National City Bank Bldg., Manila -Registered: September 14, 1936-FinancingBt/8ines: Crop Loans and other Financing-Nat-ioncllity: Filipino--Capital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of P esos 100.00 each-Directol's: Manuel Camus, Eduardo Ortigas, Hendrik A. Burgers, Edgal' W. Horton, E. l\L Grimm, FEDERACION DE RONDAS DE FILIPINAS, IN CORPORADA Head Officf: : Lack & Davi9 Bldg., :M aniiaRegistercd: l\'1arch 7, 1936-Tc!1'lll: 25 years-Nationality: Filipino-incorpora.!ors cl1ld Dil'ectnrs: Ricardo R. Luis, Venancio de Jesus, Marciano Teodoro. Bernardo Santos, Faustino Santo~, Nazario Dayao, Lorenzo Reyes, Epifanio de Guzman, Ro路 man Angeles, Alejandro Torres and Ceiedonio Ki路 lala. fRical'do R. Luis, Venancio de Jesus, Marciano Teodqro, Bernardo Santos and Nazario Dayao, arc incol'poI'3.tors only). FEDERATED MANAGEMENT & I NVESTl\IENT SYNDICATE H oad Officc: 408 Philnabank Building, Manila -Officc of the Ge1lel'ul Agcllcy: Ambrosio Buildin~, 701-705 San Vicente, Manila-Buaincss: Mining Managers; Mining Operators; Mining EnginC(!rs; Investments-Established; 1936 by D. B. Ambrosio & CompanY-Capital: Pesos 2,000,OOO.OO-Aolr VcLille of $hcwes: Pesos 0.01-Offic61'8 U11d DirectorI!: Rafael Corpus, President; Maximo !If. Kalaw, Head, Technical and Management Department; Guillermo Z. Villanueva, Treasurer; D. B. Ambrosio, Camilo Osias, Manuel Camus, C. S. Salmon. Alfonso Z. Sy Cip, Juan L. Luna, Bartolome A. Umayam, Secretary Technical Staff: John Caq)enter. C. Th. Egoroif, Clifton W. Livingston. A. S. MacArthur, Sergius Petroff, D. B. Ambrosio & Co., General Agents-Balik Rcf&retlcc: Philippine Nntional Bank. The Federated Management and In\'esbnent SYll(1icate is a new venture in corporate organiUltion. It has features not found in other c.orporations. It is t he first attempt at a sort confederation of many existing mining- companies. Mining
PHILIPPINES companies, besides private individuals, are allowed to become stockholders of this corporotion. It will endeavor to give these companies technical men and technical direction. With the avalanche of new corporations, technical men and technical direction are sadly lacking at the present moment. From the standpoint of monetary rcturns the technical management department of the syndicate the technical is a most promising venture. Predicated on the principle of confederation, the Syndicate will endeavor to ~ecure mutual eid and cooperation among the member corporations. It wilt help in the protection and stabilization of new companies, the underwriting of new iSmJCS ana the rehabilitation and reorganization of existing companies. If a member corporation cannot by itself raise sufficient capital to further operate its claims to put up a mill after it!:: development work is finishea', it wili be "its duty to help finance the new venture. The Federated Management .and Investment Syndicate will also act as an investment company, and it will engage in investment in mining and other stocks, under proper seeurities, and will cooperate with othClr investment , .companies. While there are already geveral inv'esbnent companies there is certainly room for others~ specially for one more which is organized, on mutual help and cooperation. As its activities branch out, it will help the financing of new industries, agricultUre and commerce. It is its. purpose to place at the disposal of the affiliated companies and to the public at large efficient, honest, and accurate technical service. We want to emphasiZe the fact that it is essentially a Filipino enterprise, and for this purpose we ask for the cooperation of aU Filipinos. Inspired by a desire to sel've the mininl!: industry, and to provide a sound investment company for Philippine capital, the Federated Management and I nvestment Syndicate makes its bow to the public, pledged to dedicate itself to the eause of economic construction of the Philippine Commonwealth. The Philippines is rich in na.tural resources, and the Syndicate will endeavor to help in the development of these rich material resources to the end that this country may become more econo* mical\y stable and its people more happy and pro~* perous. Our rich natural resources are ours, ourll- to enjoy and to develop. Given the opportunity and the proper facilities for science and technique, Fili*
177
pinos themselves can profitably develop their material resources enlploying Filipino labor, Philippine capital, directed by Filipino brains and genius. and make this country one of the most progressive countries of the world. The boom in the 9tock market has awakened Filipino capitalists. Mining companies have sprung up like mushrooms during the last few months. Philippine capital which heretofore has been sleep* ing in the treasure vaults because of fear and un* certainty has awakened from its long slumber to develop the mining industry. Many of the sugar lords are tnansferrin,g their invesbnents from sugar to mines, the newpapet'拢 report. What -a bright augury for a permanent natural economic prosperity for the Philippines! At last, the dream of diversification in our capital industries is nearing realiza.tion . In the fuce of this enthusiasm of the Philippine public to put into operation capital which they have hoarded, efforts should be made by lead* ers of Philippine conunerce and indu!:try to ret.ain its warmth. Efforts should be made to keep the investors enthusiastic, for if this fe r vor wanes the opportunity to develop our rich mineral resources may again flaIl into the hands of foreign capirol. While some of the new mining companie!: may have been formed on the basis of speculation, many of them have been organized with the sincere and honest desire on the part of their promoters and stockholders to enter the mining industry, develop* ing -and exploiting claims which have been certified by mining engineers as containing ore::: of commer* cial value. Of course. it is the desire of every stockholder in any corporation to reap concrete retu rns for the capital invested in the form of dividends. This is not possible while the mines of the Company ave only in the development !::tage. The mining industry is a very costly venture. The machinaries needed are expensive; the sahries of pel'sonnel , because of the risk and because ot the technical knowledge required, are often high, and in so far as the Philippines i~ concerned, there is not adequate supply of mining engineers and ~eologists for aU the organized companies to direct the development of their mines. Acting independent* l'y, the new companies> will encounter great difficul* ties and meet long delays in working their own mines. All their ca:::h ca'Pital might be eaten up in development work, without ,their arriving at the stage when the work wiU actually bring out the desired ore from the ear路th on a profitQble scale
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THE COMMERCIAL & INDUSTRIAL MANUAL
and distribute dividends to the stockholders. Consequently, the investors in such companies might be disillu!ioned if, after a reasonable period of time they do not get tang.'ih\e return for the capital they have invested. When that disillusionment comes, Filipino capital which ha s already awakened from slumber will lapse into its timidity. This eventually should be avoided as much as p~!ible. Seeing the imperative necessity for an agency that will organize the smaller mining companies for mutual protection and security, the Federated Management and !m'estment Syndicate was formed to coordinate the smaller companies into a corporation of corporations. It wa~ organized upon the realization that tlle need of the hour in ~o far as our mining industry is concel'ned, is cooperation and consolidation, not dispersion and competition, The Federated Management and Investment Syndicate has secured, and will secure, the best technical services of ex~erts from abroad and from OUI' own cOW1try, This staff of experts in mining shall be at the disposal f the smaller companies affiliated with the Syndicate, The member companies will avail themselves of !uch technical services without paying high salaries, fOI' it can requisition from the Syndicate fol\. such technical men, paying only moderate charges~ Thus, in the last analYSis, in so far af!. techniC'S1 assistance is concerned, t he small companies are mutually helping each other for they are contributing only a small portion of the sala ry and expenses of technical men and facilities, and yet getting about the same qualit.y and quantity of service as they would were they to a ct independontly hom each other and maintain theil' own technical staff~. At the same time these mining corporationv can invest part of their capital in stocks of the Federated so that they will actually s hare in the profits of the Syndicate. While the Syndicate is a new venture in corporate ol.,glanization in our country, it has been carried on with remarkable success in other countries. Novel in its approach. it hohi's its own guarantee of success, namely the co-operation, mutual assistance and PI'otection of the different compani~ composing it. Above all, it promises Service ill the highest 9Cnse of the word to member companies. The Federated Management and Investment Syndicate WQS organized also to provide an investment concern for big ns well as, small capitalists. The price per share is Pcsos 10 pilr value. Any individual stockholder can subi1:cribe with a minimum
of Pesos 100.00. Subscriptions are thus within the reach of people of moderate means. What investors want is economical, honest, sound, and wise Management of corporation funds. Headed by a man of l'ccognized ability and unquestioned integrity, and backed up by well-known business men and captains of industry. the Federated Management and Investment Syndicate has such a manage路 ment. In its operation and management of the mines of the member companies, the Syndicate is on the profitable side, All expeMcs for exploration and development work will be borne by the mining companies, an(i the Syndicate will receive a fixed minimum compensation for the technical services rendered by it plus certain percentage of the net profits during the production sooge. At the same time, as already explained above, the member companies will al90 find it profitable t.o offiliate ~nd enter into opel'3tion and management contract ,vith the Syndicate. Individual stockholders of the F ederated Management and lnve.!:lment Syndicate will have a 'chancf! to own part interest in all the different mining companies affiliated with it by virtue of the operation management contracts entered into between the Syndicate and those companies. As its activities branch out, the Syndicate will finance new commercial and industria.! porjects that will be determined by the directors, l.lnd in all these new ventures the stockholder!, of the Syndicate ,vilJ also become pat1t stockholders. To the individual investor the principal thing is the possibility for success and prospects of profits. The first gUQ1'8ntee we have for that is the J'ecord of t he men directing the Syndicate. As everybody knows Judge Rafael Corpus waS appointed Manager of the Philippine National Bank at a time when that institution was going through the worst crisis in its history. In a few years Judge Corpus put the bank on itr;, feet {lgnin and through him its losses have been recovered and net profits piled up. He is the President of the Syndicate. His integrity is without question and persons investing their money in the Syndicate are assured, that there will be no wasteful expenditures of the funds of the corporation. Another guarantee is that our country is very rich in mineral resourceg nnd the Syndicate, with it!. techniC'3.l f.a,eilities not present in other corn-
PHILIPPIN ES panies, will immediately work for member corpo~ rations the properties of such corporations which have been already declared to be of high commercial value. It is not spea'ulative; it is a real industrial concern, and investment company pledged to do its part in the nation's economic upholding. It lacks for the support, cooperation and goodwill of the entire public. Judge Rafael Corpru:.• President- One of the financial giants in the Philippines; 15 yea,'s in the Philippine National Bank, most of the time as President; former member of the Ph ilippine Assembly. Judge of the Court of Land Registlla.tion, Director of the Bureau of Lands, Underoocretary of Agriculture and Natural Resour.ces; General Manager of .t he Yangco intcl'estr,. and lastly, SecretarY' of Algriculture and Natural Resources; president of the N.ational Economic Protectionism Associa.tion j tre{lsurer of the Central Stock Exchange; and director of ,the Philippine Sugar Asoociation. Hon. Maximo JI.1. 'lalaw, Director, H ead, Technical and Management Department Hon. M!aximo M. Kalaw. regarded as the foremO!it p!;litical scientist of the Philippines:, is chairman ai the powerful ways and means .coPlmittee of the National Assembly; former :Qirector, Philippine Press Bureau, Washington. D.C., Dean of the College of Liberal Arts, U.P., and head of the department of political science of .the University; Pres:ident of the Philippine-Japan Society; dlrector of the Philippine Lumber Exploration company; and managing director of the Mother Lode Mininr.: Company, President of Southern Pnraeale, and Mambulao-Pal'acale and other gold mining ventures. Mr. Dominador B. Ambrosio, Director-Organizer of the Sccond Filipino Businessmen's Congress held in 1£135 former executive officer of the Y. M. C. A., P. I. ; former second assistant general agent of ;the Insular Life A~uva.nce Company; che.rter member of the International Stock Exchange; and President of the D. B. Ambrosio and Co., stock brokers. Hon. Camilo Osias, Director-Formerly, Division Superintendent of Schools, Assistant Director of Education, and until recently, President of the National UniveDSity; Senator for the Second Dis:triet; Philippine Resident Commissioner to Washington; Delegate to the Constitutional Convention; member of the National Assembly from La Union, President of tne Cooperative Mines, Cosmopolitan Lode Claims, Inc., and director of other mining firms.
179
Judge Manuel CamUi~, Oirector- Ex-Judge of the Court of Fird fn sta ncoj an appointive senator for many years, and a councilor of l\'11l.nila; now President of the Board of Directors of EI Hogar Filipino and Chief Counsel of t hat corporation; President of the Filipino Y .. 1\1. C. A. Charles S. Salmon, Director-General Agent of Insular Life Assurance Co., largest insurance firm in the I ~l ands, since it ~ found-ation in 1911; Vicepresident of the American Chamber of CDmmerce of the Philippine Islands. Mr. Alfonso Sy Cip, Director- One of the noted Sy Cip brother s, long regarded as among the prominent members of the Chinese Community of the Philippines; President both of the Yek Hua Trading Corporation, importers and exporter~', and the Ilocos Manganese Company; twice President of the Chinese Chamber of Commer ce; a charter member of the l',Ianila Rotary Club, the International Stock Exchange, and ollganizer of the Chinese General Hospital in Cebu j former director of the Bank of the Philippine Islands. Hon. Guillermo Z. Villanueva, Treasurer & Oirecto, -Veteriln legislator from Orienlal Negros; Majority Floor Leader of the old Philippine House of Representatives: at one time; chairman of the committee on public instruction of the National Assembly; Manila realtor; and Presici'ent of the Paracale-Twnbaga -and Northern Ag usan illines. and vice-president of the Paracale-Tigbi and the Zambales Chromite Company. Dr. Ramon J. Ongsiako---Dr. Ongsiako, noted Manila physi6an, holds the controlling interest in the Katubus:an Cigar and Cigarette F·actory, largest Filipino-owned cigar corporatioll; and president of Paracale-Amalgamated, Batobalani-M.ambulao Goldfields, and the San Rafael Mambulao. Major J. E. H. Stevenot-Vice-President and General Manager of the Philippine Long Distance Telephone ComIXlny, which operates all the telephone services in a ll tbe important towns of the Island s, and has international connections besides. Hon. Juan L. Luna, Director-Practicing lawyer of thig. city and vetel'an legislator from Mindoro ; Chairman, committee on aviation of the National A.ssembly; Premdent of the Atok Mother Lode Mining Company. Don Bernardino Jalandoni, one of the wealthiest hacenderos of the Visayas and heavy inve:;tor in the gold mining indu str y.
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THE COMMERCIAL
&
John l\f. Carpenter, Mining Engineer - Mr. is a graduate of the Colorado School of Mines. After his graduation from Colorado School, he waS immediately absorbed by the mining industry of America. He has been connected, during the last five years, with the Climax Molybdenum Company of Climax, Colorado; the Ward Big Five Mining Company in Ward, Colorado; and the Engineers Leasing Company in Victor. Colorado. He is also a member of the American Institute of Mining Engineers. C. 'rho E goroff, Mining Engineer - Mr. Egoroff is a Russian. He graduated from the St. Petersburg Mining Institute in 1906 and since graduation has had a V{l.st experience in his profession. From 1907 to 1916, he was employed in mining and resear ch work in the Ural and ill Siberia and afterward with the Academy of Science. From 1916 to 1919, he was mana ~g director of the Sooehan, China, government coal concern. From 1920 to 1923, he was engalged \n Geological and mining work in 1\Ianchuria; and\ in 1924-25, he made a scientific trip around the \.}~rld. He was professor of geology and mineralogy in the Harbin Politechnicum Institute and head ffi'a~t,r of the mining college. Last year he openen a mining office in Shanghai with three assist31ltS. Cl ifton W. Livingston, Mining Engineer-Mr. Livingston is a graduate of the Colorado School of Mines. For five years after his gl路Rduation. he was connected with the Alaska Juneau Gold Mining Company, in Juneau, Alaska. a~ geologist., engineer. and designer. In this company he did underground surveying, mapping, sampling, calculating ore reserves, and topographic and sreological mappin~. He spent one yea I' with the Arizono. Comstor:k Corporation nt Virginia City as engineer and mine superintendent; and the Climax Molybdenum company in Climax Colorado, as sh ift bo~s and technical man in charge of bl~st.ing. He is 11. member of the honorary scholastic f!'aternity of Tau Beta Pi, the honorary mining fraternity of S il!ma Gamma Epsilon. and holds awards from the D. D. Brunton Fund for meritorious work in mining engineering, 311(1 of the Engineering Council of the St-ate of Colol'ado. A. S. MacArthur, Mining Engineer-Mr. MacArthUl' is a graduate of the world-famed Colorado He has had School of Mines. Golden, Colorado. eight year ~ experience in mining operations in the United States and Venezuela. This experience includes three years with the Anaconda Copper Mines, ~ll'pellter
INDUSTRIAL MANUAL of Butte, Montana, where he served a s sampler, engineer, shift boss, and assistant foreman; trwo years: with the New Goldfie lds of Venezuela as mine foreman and superintendent; and three years with the Molybdenum Corporation of America at Cuesta, New Mexico, as mining engineer, Geologist, and resident manager. Sergi us Petroff, Mining Engineer- Mr. Petroff graduated from the St. Petersburg Mining Institute in 1910. He has had 26 yearS experience as a mining engineer in Asiatic Russia. He wa~ actively engaged in mining coal and Gold from 1910 to 1920. He also owned a gold mine on the island of Ascold. neal' Vladivostok. He had been locating iron and lend ores in the Far East from 1920 up to the time of his anival in the Philippines under contract with the Federated. FEDERATED MINERALS
Head Office: 200-202 Fernandez Building, 124 T. Pinpin, P. O. Box 104, Manila, P. I.-Nationality : Filipino- B usiness: Management, Comulting Engineers, Geologist-Authorized by t he Securities and Exchange Commi~sion to Sell its SecuritiesCapitl!J.i: Pesos 5,000,000.00-Only 25,000.000 Shares at Peso~ 0 .. 10 each to be sold to the Public-Mini11!/t1ll Subsc"iptiQn: 5,000 Shares _ Dffteers and Direcl;ors: S. Capule Cruz, President, F. G. Wilson, Vice-President, Manuel Fuentebella, Acting Secretary-Tl'eaSU1'er; Robert T. Browne, L. Durbin Cr093, L. 1\1. Gonzales, Member s; Legal Counsels; Judge Delfin Jaranilla, Atty. Juan M. Ladaw, Melchor S. Sandeja~ & Co .. Auditors-Bank R eference: Philippine Trust Company; Philippine National Bank. The advent of the mining industry in the Philippines -and consequent development of our mineral resources demand adequate facilities and experienced geological and engineering service. as well as the use of proper engineering equipment to be provided by purely Filipino enterprise. Up to the present time the sale of engineering mining equipment~ are not in the hands of Filipinos and it is so lamentable that we, Filipinos. who are the true sons of these I slands are far behind in this human endeavor. To this end, the Federated Minerals, Inc., has been organized to act as con!!,ultant and play its par:t in the promotion and management of mining companies and the development of our mineral resources, as well as to provide for the necessary equipment of the hundreds of new mining enterprises. Its ~ole aim is the economic deve路
PHILIPPINES
181
FEDERATED MINERALS, INC Promo ters Scocks-Bonds-Investmenrs Viet-Pre.ridmt: F. G. WILSON Management, Consulting, Engineers, Geologists, Etc . AUTHORIZED CAPITAL; Pesos 5,000,000.00 LIST OF MINING COMPANIES TO BE UNDER THE MANAGEMENT OF
Pre.ridmt: S.
CAPULE CRUZ
FEDERATED MINERALS, INC. NAME Amalgamated Gold Benguct Federated Mines Bokod-Benguer Minerals 4. Bomoe Federated Mines 5路 Cadig-Mambulao Mines 6. Cabdelada Minerals 7. Capalonga-Mambulao Mines 8. Corona Manganese Mines 9. Esperanza Goldfields 10. FeCl.erared Copper Mines II. Federated Gold Mines 12. Federatea Manganese Mines 13 . Ifugao Federated Mines 14. hogan Federated Mines 15. Kalinga Federated Mines 16. Mambulao Federated Mines 17. Mambulao-Tayabas Mines 18. Paracale Federated Mines 19. Provident Minerals 20. Southern Iron 21. Southern Manganese 22. Southero. Minerals 23. Treasure Mines 24. West Bontoe Gold 25. Zambales Minerals Inquiries invired I. 2. 3.
Locatio/l Papaya, Nueva Ecija Benguet, Nit. Prov. Bakod, Benguet Kayan, Bontoe Cadig, Cam. Norte Candelaria, Zambales Cadig, Cam. Norte Caron, Palawan Trinidad, Benguet Solano, Nueva Ecija Oaer, Cam. Norte Caron, Palawan H unduan, Hugao ltogon. Benguet Kalmga Labo, Cam. Norte Cadig-Calauag Labo-Capalonga Papaya, Nueva Ecija Umingan. Pangasinan Camarines Sur Pasaeao, Cam. Sur Carranglan, Nueva Eci ja Candon, Hocos Sur Subie, Zambales
FEDERATED MINERALS, INC AUTHORIZED to SELL its SECURITIES by SECURITIES & EXCHANGE COMMISSION Offiees: 200 Fernandez Bldg., To!. 2-93-38 124 T. Pinpin, Manila . Cable Address: "FEDERMILS, Manila'"
182
THE COMMERCIAL & INDUSTRIAL MANUAL
lopnltmt of the PhilippineS!, pledging to dedicate itself to the welfare of the Filipino people and the .stability of their economic st.ructure. With the avalanche of new mining companies, technical men and technical direction are sadly tacking <at the present moment. From the standpoint of monetary returns the technical management department of the company is a most promising venture. And what is more is the furnishing of mining machinel路y and mining equipment to the numerous mining companies now existing and others to come. It is its purpose to place at the disposal of mining companies and to the public at large efficient, honest and accurate technical service, and to provide for the best mining machinery and mining equipment at the most reasonable price and efficient service. We wish to emphasiz.e the fnct that this company is essentially '8nd truly -a Filipino enterprise, and fo this rea~on we have the gJ'C!oalcst faith in the wholehearted co-operation of all F'i lipinos. There is a great need for a Filipino enterprise like ours in order to give to Our people opportunity in helping in the developmen of our mineral resources. The Philippines is rich in natural resource,; and rich in capital for invesment. This company will endeavor to help in the development of these rich material resources to the end that this country may become more economically stable and its people more happy and prosperous. We trust the response of Filip ino capital ists will be forthcoming. Our country i~ one of the richest spots on the face of the globe. It is our pride to be provided with rich natural resources, ours to enjoy and to develop. We should not lose this oportunity endowed to us by nature, Given the opportunity and the proper facilities for science and technique, Filipinos themselves can profitably develop tbeir natural resources, and make this country of ours one of the most progressive and happy countries of the world. The sudden activities in the mining stock has opened the eyes of Filipino~, -and has awakened Filipino capitalists. Philippine capital which heretofore has been dormant and has been sleeping in the treagure vaults, caused by fear and uncertainty, has awakened from its long slumber to develop the mining industry. 'l'he Feder-ated Minerals, Inc. ha~ secured, and will do its best to secure, the best technical service
of experts from abroad and from our own country. The mining industry is a ,'cry costly enterprise. The machineries ana equipment needed are expenSive; the salaries of personnel, because of the risk and because of the technical knowledge required, Me often high, and in so far "<lS the Philippines is concerned, there is no adequate supply of mining engineers and geologists for all the or~Rllized companies to direct the development of their mines. The Technical Staff of the Federated Minerals, Inc. is composed of competent and experienced mining enginl!ers and geologists. They have had many years of experience in important mining companies in the United States, South America, Mexico, Canada, Russia, Siberia and China. Mining companies will be given the services of the best technical men and are as~ured of efficient and profitable management and operation of their mineral resources. Feliciano Nable, .Mining Engineer and Geolot&ist, is a graduate of the Univer!iity of Durham, England and had been connected with the Bureau of Sci~nde for many years; Alexander K. Artymiak, Mining Engineer -and Geologist, has worked in different> mini-ng companie~ in Russia, Siberia and China besides the Philippines, for over 18 yeal's; Robis Y. Gladkoff, Mining Engineer and Geologist, has been working in different mining companies in Russia, Siberia, North and South China, for over 8 years; Eugene A. Kremleff, l\Iining Engineer, has had over six years experience in different milling companies in Russin, Siberia and China: Valerian Leontovich, Civil Engineer, has been Technical Adviser to the North Manchurian Especial Area Administration for six years before comi~ to the Philippines. The Federated Minerals. Inc. is the consultant of many mining companie~. It took charge and i!' now in charge of the promotion and management of several mining companies. 1.
The company undel路takes the examination of and to report on mineral properties in accordance ,vith the requirements of the Securities & Exchange Commission.
2.
It will handle explorat.ion and development of mining properties of mining companies, as9C>ciations, partnerships or individuals. The expenses for the work \vill be borne by the party concerned, and this company will charge on1)路 a fixed and reasonable compensation for its services.
18)
PHILIPPINES 3.
By specia.1 arrangement this company may finance the exploration and development of mining properties of mining companies, a!;'soeiations, partnerships or individuals. 4. It will engn&e in development contracts, on a cost plus profit basis. 5, It will import mining machinet'ies and minil'\&' equipments. 6. It will offer technical consultation service, <at reasonable rate, 7. It will operate an Assuy Laboratory for the companies under its management and to the public. a. It will establish sub-Officcs at Baguio, Surigao and Paracale for consultation service. 9. Brokerage offices will be opened in Rongkong, Tientsin and Shanghai and other countrieS' if business demands. 10. It will open engineering supplies department in order to help mining .companies in the purchase of their machineries and equipments. List of probable mining companies to be under the management of the Federated Minerals, Inc.: Amalgamated Gold Mine!!, Papaya, N. E.; Benguet Federated Mines, Ben,guet, Mt. Prov.; Bokod-Benguet Minerals, Bokod, Benguet, Mt. Prov.; Bontoc Federated Mines, Kayan, Bontoc, Mt. Prov.; Cadig-Mambulao Mines, Inc., Cadig, Camarines Norte; Candelaria Minerals, Candelaria, Zambalesj
Capalonga-Mambulao Mines, Inc., Cadig, Cam. Norte; Corona Manganese Mines, Inc., Coron, Pa路 lawan: Esperanza Goldfields, Benguet. Mt. Prov.; Federated Copper Mines, Solano, Nueva Vizcaya; Fedel'ated Gold Mines, Daet, Camal'ille~ Norte; Federated Manganese Mines, Coron, Poalawan; Ifugao Federated Mines, HUnduan, }fugao, 1\1 t. Prov.; !togon Federated Mines, Itogon. Benguet, J\.'It. Prov.; Kalinga Federated Mines, KaJinga, Mt. Prov., Mambulao Federated Mines, Labo, Gamarincs Norte; Mambulao.Ta.yabaS! Mines Inc., Cadig, Camarines Norte; Paracale Federated Mines, Labo, CanY-Hines Nortej Provident Minerals, Papaya, Nueva Ecijaj Southern Iron, Umingan, Pangasinan , Southern Manganese, Camal'ines Nortej Southern Minerals, Pasacao, Camarines Sur, Treasure. Mines, Cal'ang路 lan, N. E.,; West Bontoc Gold, Candon, Iloeos Sur Zambales Mi"neralS!, Subic, Zambales. The Corona Manganese Mines, owner of 140 lode claim~ in Mts. Palayog-Lamud J\.labintangon, Nagdua and Dal'ala, Coron, Palawan is undergoing intense development work. The place is one of the best known areas ric'h. with manganese ore, according to a Japanese geologist. Mr. C. O. Bogue, American superintendent of mines who is! a member of the board of mining consultants, is now supe rvi ~ing the extraction of 1\langanese ore and genel'al development work in the property of the company.
FIDELITY AND SURETY COMPANY Condensed Statement of Condition, D ecember 31, 1936 RESOURCES 1'1)8,314.59 Cash on Hand in Bank ....... .. 102,089.59 Bonds-Philippine Government ...... . 359,328.25 Iovescments-First Mort,$age Loans .. Account and Notes RecelvableSecured. 1'150,307.43 Un~cured.. 141,107.81 291,415.24 122,384,49 1.00
Real Estate Acquired. Furniture and Fixture ..
Totd ..
. 1"1,013,533.16
LIABILITIES Capital-Fully Paid ... Surplus. General Reserve Undivided Profits .. Premium Reserve. Accouots Payable ........... . .
Total ..
Cash in Bank-Surety Account. Reinsurance Account Claims Pending ... Total.
1"500,OCO.OO 215,000.00 175,OCO.OO 26,209.02 70,619.41 16,694.73
....... 1'1,013.533.16
1" 13.743.94 27,000.00 1> 40,743,49
T HE COMMERCIAL & INDUSTRIAL MANUAL
184
The Corona Manganese Mines had received of~ fers from foreign mining companies, among them a well-known J,apanese concern, negotiating with the corporation for furnishing manganese Ofe ranging to 200,000 tons as lobal output. But the pre~ id · ent, realizing t he import.-lnce of manganese, which is craved by the powers of t he world, refuses to grant a monopoly to anyone country in particular .
F I -MA H . A. E. F ISCHER Head Ofjice: 465 Levcriza, P asay. ManilaNationality: German-Bllsin.~88: Liquers, Dry Gins ; Mcdicines-Pri1IciJ)ul: H. A. E. Fischer-Invested Ca.pital: Pcsos 48,OOO.OO-AlI?llwl Tun/oveT: Pesos 40,OOO.OO-TelegJ'aph Address: Fima-Ballk Refenmce: P hil ippine Tl'ust Compnny.
FELIX MONTENEGRO, I NC. Head Office: Bais, Oriental Ncgros-Regis ter-
F I DELITY AND SURETY COMPANY H ead Office: Manila, p, I. - Bllsins88 ; Bonds Written; Fire InsW'ance; Workmen's Compcmasation; Motor Car Tnsul'8.'ncc; Lifc I nsUl'ance (1937 ) - Di1'eet01"S: Gco. C, Dankwerth, Managing D ircct or, Mn.rsm-a ru I nvestment Ltd., Dir ector, Philippine Long Distance Telephone Co. ; E. Byr on F ord, President; Leopoldo l<!ahn, first Vice-Prcsident a nd General Manager , Levy Hermanos Inc. (Estrella del Norte) and E!:tr ella Auto Palace. Director, Bank of the Philippine Islands: Gabriel La 0, Feria & La 0. Attorneys, Director, Philippine Long Distance Telephone Co.; Luis Ablaza. Paul A. Meyer, Prcsident, American Chamber of Commerce, President;, Baguio Gold Mining Co.; J. E. H. Stevent, Vice-President and General Manager, Philippine Long Distance Telephone Co.. E. Byron Ford. President; P. M. Poblete, Vice-President and Secretar y; Leo H. Martin, Treasurer; S. Reyes, Assistant Secretary-Treasurer.
cd: August 30th, 1937-AutltQ)'ized Capital: P esos 2,OOO,OOO.OO-Subsc)'ibed Capl~tat: P esos 1,115,000.00 -Paid-in Capital: Pesos 566,250.00; Cash: P esos J .7,290.96; P,'opel·ty,' Pesos 548,959.04-/ ncOT ])Ora-/ 'ors: Felix 1:1. Montenegro, Cecilia Gonzales de Montenegro, Manuel Montenegro, J ose A. Montenegro and Candelaria Montenegro. J. W . FERRIE R \. Head Office: Insulal' Life Building, Manila-
FELTMAN BROS. & HIVENILE I M..PORTS CO. Office: M·anila, P. I.--lI,N'atiollaLity: AmericanB usiness : Manufacturer~ & J obbers of Infants Goods- EstabHshed: 1921 (l\1nnil-a); 1916 (New York & Yokohama) - T elegraph; "Brofeltman"B1'allch Office: New York & Yokohama-Pl'incipals: Charles Feltman, Peter J. Walowit, Edward F eltman, Sol Bearman _ Ban.k Reference; National City Bank of New York.
FILIPINAS COMPANIA DE SEGUROS Balance Sheet as of December 31st, 1936 ASSETS Shares in Deposit and in Custody .. !I'estments : Mortgage Loans .... . Stocks and Bonds.. . Land, Office, .Bldg. and Furniture.. Cash on Hand and Banks. Sundrr Debtors .. Deferred Premiums ..
.\.
70,000.00
1, 248,862.24 2.124.825.58 88],]41.27 269,744.]2 70,454.68 2},559,48 "1'4,690,787.57
Toul Assets ..
LIABILITIES Capital. .. Reserves.. . .. .. .. . Shares on Deposit or Custody Reserved Premiums for Following Year .. Sundry CreditOrs ... .......... .'. Employees Pension Fund Dividends Payable ...... . Carried Forward ... ' . Total Liabilicies ..
1'2,000.000.00 2,184,000.00 70,000.00 l}5,862.06 74 ,78}.97 222,OBO.12 4,061.42 1'4,690,787.57
PROFIT AND LOSS 1ncome : Premiums, Interest , Fidclhy and Surety Bonds, Etc. Surplus Prel'ious Year..
1> 6}2,670.25 3.571.9}
"6}6,241 .82 Expenditures : Interest and Pension Fund .........•........ 'P 18,}3}.19 Dt::pKciation of Home Offiee Bldg. and Fur8,757.79 niture .. 16,719.02 T2...\":es Paid. 14},879.4} Gener.1l Expenses.. .. . . .. . ... 6}, IS}.5S Miscellaneous Losses and Olher Expenses . . 61.}}7.}9 Cl:z..ims Paid. . 70.roJ.(XJ T rander to General Reserve 250,roJ.OO Dh·idends .. .. 4.061.42 Carried Forward .... I' 6}6, 241.S2
Dividends Paid per Share ... Priee Range of Stock: High. Low.
PUS Inacu.e
PHILIPPINES
18S
FILCA CO., INC. (FI LIPINO CAPI TAL) Head Office: Pozorrubio, Pangasinan _ Registered: March 13, 1936--Tenn: 50 years-Business: Manufacture ' and sell furniture; Manuf.acture and sell chalk; Funer al services - Nationality: Filipino -Capital Stock: Pesos 10,000.00 divided into 2.000 shares of the par value of Pesos 5.00 each-Subscribed Capital: Pesos 2,065.00-Copital Paid; Pesos SSO.aO-incorporators and Din~ ctol'S: F. G. Magno, Guillermo T. At'aos, Raymundo Buada, Simeon G. Fernandez, Deogracia~ Estrada, Narciso EspinOZa ilnd Paulino Araos. (Simeon G. Fernandez, is a director only)-Tl'casuJ"e)': Raymundo Buada, Posorrubio, P angasinan.
F I LI P I NO TRADING COMPANY Head Office: 615 Isabel, Sampaloc, Manila _ RegisteJ'ed: October, 14 , 1935-Term : 50 years Business: Manufacturing, Buying, Seiling, Importing, Exporting - Nationality : Filipino _ Capital Stock: Pesos 20,000.00 divided into 200 !Ohares of the par value of Pesos 100.00 each _ Susc/'ibed Capital: Pesos 10,000.00 - Cal)itul Paid: Pesos 4,410.00 - Incorpol'ators and DiJ'ectors: Artemio Abaya, P. T. Pinpin, Felicidad E. Quiambao (widow), Gisaburo Yamahita, Katsusuke Nakanishi, Deogracias de la Paz and Mariano Salazar. (Katsusuke Nakanishi, is a director only)TJ'easuJ'eJ' : Felicidad E. Quiambao, 609 I sabel, 8-ELmpaloc, Manila.
F I LIPINAS MI NI NG CORPORATION Head Office: 310 Regina Bldg., Manila-Cable Address: Filmincor-l'i1corpol'ated: July 30, 1935
FILIPINAS LIFE AGENCY I NC. H ead Office : Filipinas Bldg., Manila, Room No, 402-406-Rcgiste,'ed : January 21. 1936-Tenn: 50 years- Nationality: Filipino - R1Isi1!ess: Life, Accident, Health Insurance-Capital Stock: Pesos 200,000.00 divided nto 2,000 shares of the par value of Pesos 100.00 each -Su bscribed and Paid-in Capital: Pesos 100,000.00 111cO)'pOl'afol's and Di1'ecfoJ's: Vicente Arias, Alfonso Zobel, J. R. Mcl\1ickil\&', Eduardo Ortigas, Rafael Orti gas- and Ronald C. Staight. (Ronald C. Staight, is an incorporator only) - TJ'easm'cr: Eduardo Ortigas, 913 Dewey Boulevard. Manila.
-Terll!: 50 years-Business.' Mining in all its Forms and Activities-Nationality.' Filipino-Capi_ tal Stock: Pesos 200,000.00 divided into 2.000,000 shares of the par value of P esos 0.10 each-Subscribed Capital: P esos 20n,000.00-·Capit<l1 Pa1'd-np : Pesos 160,000.00-Dil'ccto)·s: Ar~enio N. Luz. Isaac Bal'za, Dominador B. Ambrosio, '-Alejandro dl" Guzman and Leopoldo Posadas-Secreta1·y-Tl'easlu·er.' DominadOl' B. Ambrosio, San Vicente St., Manila.
FILIPINAS LIFE ASSURANCE CO. Balance Sheet as of D ecember 31st, 1936 ASSETS Investments: Moruge Loans ......................... " . 't"1,045,253.S2 Policy Loans. 624.553,43 Real Estate .. 30,232.52 Stock and Bonds .. 321,752.48 Cash on Hand and in Banks . 370,422.98 Sundry Debtors .. 17,061.52 Deferred Premiums . . 115,029.01 TOtal.
r'2,524,]o5.46
LIABILITIES Capital. .. Reserves: Mathematical Res.erve .................... . Reserve lor Dividems to Policy Holders .. .
..
f~t~ti~t~~: F.~~~~: .... "" ...... " .. Sundry Liabilities .. Pension Fund .. Dividends Payable ..
1> 250,OCO.00 1,725,563.00 333,331.71 103,207.20 42,401.26 <:2,302.29 7,500.00
PROFIT AND LOSS Income: Premjum~, Interest, Di,·idends, Ere. Surplus Previous Year ..
l' 761 ,387.92 143,366.04
f> 904,753.96
EXPENDITURES Claims Paid .. Transfer to General Resen·e .. Dividend$. General Expenses. Carried Forward ..
P 242,064.98 206,835,00 20,(XXI.GO 332,646.78 10},207.20
186
THE COMMERCIAL
&
FILIPINO BAKERIES ASSOCIATION INC. Head Office: 320 Cl"ystal Arcade, Escoita, M-anila - Registered: January 13, 1936 _ Term: 50 yeat's - NCbtio,lal1ty; Filipino _ In co,·pO)·ators and Diredo,'s: Manuel F. Tiaoqui, Simplicia S. Santos, TeofiJo Roque, l\1amerto Pagiinawan, Miguel Bonifacio, Leonardo Eugenio and Casimiro Lopez-T,"easIt1"ln": Mamerto Paglin-awun, 633 Legarda, Manila. FILIPINO BUS OPERATORS ASSOCIATION H ead Office: 310 eu Unjieng Bldg.• ManilaRegistered: March 5, 1935--Tcnn: 50 yenr~_Bl!8i_ ness: Motor 1'ransportation-Nationarity: Filipino - l ncot"p(Ymtors and Dirccttn"s: Matias A. Fernando, C. L. Montales, Fernando Enriquez. Eliseo Silva, Genal'o Jacinto, 'Manuel Carteciano, Jose Tang~ co and Cirilo A. Barretto.
FILIPINO ENTERP,IUSE CORPORATION Head Office: San Josz, Camarines Sur. - Re~ gistel'ed: July 1, 19 35-~enn: 50 years-BuSiness: Rice and other 8g1ricultl'al products-Nationality: Filipino-Capital Stock: P~sos 6,000.00 divided into 12.000 shares of the par val~ of Pesos 0.50 eachSub.<;cribed Capital: Pesos 3 0.00 _ Capital Paid: Pesos 300.00 - Incol'porutors and Dil·c()to,.~: Domi~ ciano F. Vnler, Manuel Pnt~ocinio, Adl'i-nno Fa~ vorito, Jovita P. Dizon, Paulino Dizon, Juan Dizon and Ramona Dizon. (Paulino Dizon and Juan Di~ zan, are incorporators only) - T?'easU1'eJ': Adriano Favorito, Soan Jose, Camal'ines Sur. FILlPINO FLEET NAVAL RESERVE AND MUTUAL AID ASSOCIATION Hearl Office: 529 Laguna St., Sta. Cruz, Manila _ Reg isteJ'ed: March 18, 1935-Tenn: 50 yearsBusiness: Mulual aid as"Sociation-Natiolwlity: Filipino - Incol'pomt01"s alld Dil·trctors: Auehrdo Hokson. Gregorio 1\1. Ong, Pablo Mojica, Buenaventura Valerio, Maximo Tamayo, Adriano Nispe~ r os, Leoncio Tabinga, Ricardo Miranda, Jose de los Santos, Fulgencio Bern-al and Tomal< Trias Tl"c(I$u)'el"; Adl"iano Nispel'os, Manila, P. J. FILlPINO HARDWARE & ELECTRICAL SUPPLY CO., IN C. Head Officc: BacoIod, Negros Occidental-RcO'iste1'ed: Augu~t 21, 1935-TCI'm: 5 years-B1tsiness: Retail or Wholesale _ Nationalitu: Filipino -Capital Stoel.:: Pesos 20,000.00 divided into 100 shares of the par value of Pesos 200.00 eaeh SlIbscl-ibed CU1Jitai: Pesos 4,OOO.00- Capital Paid: Pesos 3,000.00- 171cOI·pO)·at01·s and Directo)'s: Cayetano Tirado, Lidia Salafranca, Alberto Tiraao, Ko
INDUSTRIAL MANUAL China and Uy Siok Ching_Trewuu'er: Cayetano Tirado, Iloilo, noilo. FILIPINO PRODUCERS' COMMERCIAL CORP. Head Office: Manila-Nationality: FilipinoRegistered: October 7, 1937-Auth<wizccl Capital: Pesos 20,000.00; Su.bscribed: Pesos 6,050.00; Paid-in: Pesos 1,55.00-hlCO)·pO)·atol·s: Valeriano ReJeiias, Regina Brocka, S. D. Carpio, Emilio Sunrez, Benito Arcilla, Filomeno Dicierto, D. B. Sanz, Frnncisco ArciUa and Dr. Modesto C, Cnstillo. FILIPINO TRADERS, IN CORPORATED Head Officc: 6 Taal St., Singalong Sub-division, Manila-Registered: July 8. 1935-7'el'lll: 50 years -Business: General wholesale and retnil merchants - NalflU))wlity: Filipino - Capital Stock: Pesos 10,000.00 divided into 2,000 shares of the 11ar value of Pesos each --Subscribecl Capital: Pesos 2,000.00 -Capital Paid: Pesos 500.00-hlco)·1,oratol"s: Jose Rosa l, Jose B. Santos, Deogracias M. Ev-angeiist.a, Apolonio C. AI'riola, Bonifacio B. Perez, Manuel Rosal, Enrique Rosal, Aquilino Bernardo, Mariano CamtW0ng. Pa scual R. Valderrama, Gonzalo A. Matignas, Eu.genio D. Do\lente, Justiniano P. Benedicto, Pablo L. Roble ~ and Epi(anio M. Prieto. Di1'cctor8: Jose S. Santos, Jose Rosnl, Gonzalo A. Matignas, S. Stn. Cruz, and Pablo L. RoblesT?'cds'1,rer: Jose Rosal, 6 TaaJ St., Singalong, Sub., Manila. F ILIPINOS' MUTUAL AID ASSOCIATION, INCORPORATED Head Office: Room 301 Cu UnjienA" Bldg., Manila-Registered: June 21, 1935- Tcl'm: 50 years - Natiol!UlitU: Filipino _ inrwrporators and Directors: Felix D. Blanco, Je~us P. Morfe, Otilio Pumnrada, Leon Arboliras, Primitivo Ortega, Ramon Sepacio. Martin Sollesta and Nicolas Tijing M-atavia. FILIPPINE FILM PRODUCTION INC. Head Office: 179 Invernez, Stn. Ana, ManilaR euistered: April 3, 19 35-Ter))~: 50 yenrs-Bu8i~ 'less: Presentation and reproduction as photo-plays, motion pictures- Nationality: American-Ca.pitaJ Stock: Peso~ 1,000,000.00 divided into )'000,000 shares of the par v1'I.lue of Pesos 1.00 each--SllbsCl'ibed Ca.pitat: Pesos 200,400.00 - Capital Paid: Pesos 50,100.00-hlco)·pol'atoT8 hnd Directors: S. E. Tait, G. F. Harris, B. H. Berkenkotter. J ose Topacio, D. 1\1. Halilil F. H. Hale and By Schramm. (F. H. Hale (lnd By Schramm, are incorporator~ only) _ TreaslIrer: G. F. Harris, Mani la.
PH[LIPP[NES FINANCE & MI N ING INVESTMENTS CORPORATION Head Office: Suite 205-207-226 Crystal Arcade, Manila-Na tionality: Filipino---Busine88 : Invest. ment Departments, Sale of Mining Securities for Future Delivery; Brokerage Department: Operating the Finance & Mining Brokerage with a seat in the International Stock Exchange; I nsurance Department: Representing the North River Insurance Company of New York, North Birtish & Mercantile Insurance Co., Ltd" I nternational ASSlirance Co., Ltd., Luzon Surety Co" Jnc. -Directors & Office1's: Dr. Nicanor Jacinto, Pl'csident; lit-£. Cuaderno, Vice-President & General Manager; Han. Jose Cojua<n.gco, Vice-President & Treasurer; Ernesto D. Rufino, Director & Assi9tant Treasurer; Dr. Antonio Cojuangco, Director; Vieente A,. Rufino, Director; A. Calalang, Director & A~gh. General-M.anager; Arsenio J. Ji£on, Director; M{\nuel Urquic,.o, Director-Incol-poratcd. September 18, 1936---Audltors; Clarke & LarkinBank RefcrC1lce ; Philippine National Bank. Statement of Condition as o~ Deccmber 31, 1936; The Corporation has recently acquired a seat in the Nationai Produce Exchange, thru which we can sell your produce such as, rice, palay, sugar, copra, tobacco, etc. By bringing us your produce you wi ll , besides obtaining a good price for it, increase the profits of the company of which you are a stockholder. l nunediately afiter the approval on September 18, 1936, by t he Bureau of Commer ce of the incorporation of the Finance and Mining Investments Corporation, our investment department
FINANCE
&
187
commenced business, buying and selling for future delivery shares of gold producing mines. On October 5, 1930, the corporation occupied its pre!:ent quarters at 205-207 Crystal Arcade, next to the trading room of the International Stock Exdhange, and on October 26, 1936, our brokerage department cOnUnenced operation. As can be seen in the following Balance Shect, as at December 31, 1936, we have had a Lig volume of business f!'Om the beginning, and we can well claim to be one of t he largest operating brokers of the Inte!'n:lti()n31 Stock Exchange. It will please the stockholders to see that the net profit of the Investment Department from September 16, 1936 to December 31, 1936, amounted to P16,554.39 , which together with an aggregate unrealizea' profit of P44 ,856.49 , makes a total of P61,410.88. Our Brokerage Department made a total net profit of 1'9.921.60 for the period from October 26, 1936, to December 31, 1936. We also act as sugar factors, effecting the sale of centrifu.gal sugar in t he United States, at more -advantageous terms than those of other firms engaged in this line of budness. With our connections both here and in the United States, we are in a position to obtain the best possible price for expor·!. sugar and the most adVnlltageous exchange rate for the conversion of the dollar proceeds into pesos. Since the beginning of thi~ year we have been given government authority to represent the North Bri,tish & Merc-antile Insurance Company, Ltd, the North River Insurance Company, of New York, the
MINING BROKERAGE
(FINANCE & MINING INVESTMENTS CORPORATION) Sui, 205-207-226 Crystal Arcade, Escol,., Manila
STOCKS & BON DS Telephones: 21839, 24265 & 23976 - 27514 Cable address: "PAMI" P. O. Box 265 INTERNATIONAL STOCK EXCHANGE Members: NATIONAL PRODUCE EXCHANGE
THE COMMERCIAL & INDUSTRIAL MANUAL
188
FINANCE AND MINING INVESTMENTS CORPORATION Consolidated Balance Sheet, December 31st , 1936 ASIUS
DtbirS
Utlf. S~r' Mar!tf V,,//(( Qf Struritiu
Cash: On hand &. in bank 1~73 , 2S3 . 99 Securities in Box and Transfer.. . Securities Failed [0 Delll'cr: Clcaring House .. Customers' Accounts: 128,2]0.44 Fully secured ]7,191.80 Partly secured . 2.681.55 Unsecured . . Fumre contracts. 720,176.59 Loans-Secured . 6,842·50 Loans-Unsecure<! 2,217.75 24,1]2.11 InVeStmentS .. Other ASSets: Furniture :l.nd fixtures 4,489.42 Organization cxpen$c 19,477.96
1~1,1 4 2,879.00
Lh,bilitiu (mlits Securities Failed to Receive: Brokers . .. .. 1~ 2,262,}O Clearing house... 4S85.00 Securities loaned.. 1,650.00
1~
3,040.00 67,065·00 6,600.00
Customers' Accounts: C~di[
balances with securities .. 1],310.]6 P 1,050.00 Free credits and 46,565.00 securities .. 52,]46.72 Other Liabilities : Unclaimed dh·idends. 40.00 Accoun\'s payable. 1,45448 Stamps and fees .. 2)3.74 Accrued taxes. 718.83 Security difference. Re!ioerve (or dCllre260.00 ci:J.tion ... Unearned income, 44,856.49 future contracts Capital SlockA4 thorize<i2,000 sh ares at 1'500.00 each; issued 2nd oUlUanding 1,706 shares .... 853,000.00 Capital $tock sub$C1"ibcd 1']2,000.00 Less unpaid subs17,500.00 criptions 14 ,500.00
[. 37,900.00 201,780.00 20,380.00 873,609.00 17,250.00
22 ,950.00
1
26,475.99
Surplus. Total.
un! Sh#t M"rhl V (1/", ,/ SttllrititJ
P J ,oJS,694. II ·P I,18],869.00 t'], 142,879.00
Securities in vaul! for Sarekeeping ..
P 5,000.00
Total. .
1l ,700.00
200.00
---
. .... 1~1.018,694.11 P 47,61500 I'
Customers Securities Deposited for Safekeeping..
88,605.00
I~
5.000.00
Statement of Profit and Loss, for the Period September 18 to December 31, 1936 B'dlu"ll DII'il/lm
Operating Income: Earned income future contracts.. Brokerage.. . ..... . Interest on loans and extension of futures .. . Profi t on sale of investments . Dividends on invCHments. Gross Opecning Income. Operating Expenses : Sabries .... Commissions. Rent ..
Im.."mml
C,nsclid(1fld
DU'ul,n
1'14.962.14 l,3l3.75 2,374.47 2,792.99 569_00
1'14,962.14 19,784.39 7,374.47 2,792.99
1'18,470.64
1'22,012.35
1'40,482.99
I' 3,235.98 682.02 46.22 1,847.06
J> ].099.n
I' 6,]]5.75 682.02 ],0]4.)7 ],647.06
1'1 8,470.64
567·15
S69.<X:
(Continued)
PHILIPPINES I·nternational Assurance Company, Ltd., and the Luzon Surety Co. , Inc. so that we can now provide insurance against fire , earthquake, typhoon, civil commotion, automobile, personal accident, health, public liability, property damage, workmen's compensation, as well as marine insurance. We have actually been able to get a steadily good volume of insurance business, but with the assistance and cooperation of our stockholders there is no reas:on why we could not establish a record year in this business. Give us your insurance business; it will cos!; you no more to do so. We desire particularly to call the attention of our stockholders:, who arc actively trading in the stock market to the fact that our brokerage offers the most desirable opportunities for sound trading in the stock market. Our brokerage is equipped with an accurate and efficient tl'3ding board. and the customers> are s:erved by courteous and intelligent "customers" men. We h~ve two of the keenest exchange traders on the floor of the exchange and the whole business is care~lly supervised by the ihanager personally. Our oiJice is equipped with a handy reference file of mines 1'I.nd mining activities, with up-to-date statistics;.. We take special care and interest in the busines\ of OUr customers,
189
irrespective of the size of their accounts. But the one outstanding advantage which our customeu have is the fact that our brokerage office is looated next door to the trading floor of the Exchange, 90 that the customers are immediately informed as to whether or not their orders have been executeu, and can at a moment's notice change their order if they so desire. Given all these speci1'l.1 and rare opportunitie!:, we hope that our stockholders will patronize our brokerage. It seems that not all of our stockholders known that our corporation. is also operating a brokerage department in addition to its other activities. It is a source of pieaee to report also that notwithstanding the acute s ituation which followed the stock market crash last November, which for a time l'esulted .in sevcral of our customers' accounts becoming undermargined, the Finance and Mining Investment~ Corporation did not sell out anyone of its customers. Indeed, it did everything to avoid or at least minimize Joss to its customers. The corporat ion had faith in its customers. These in turn went out of their way to liquidate their accounts:. This is the r e~on why we are able to ride over the crisis and submit thi s favorable result of operation.
FINANCE AND MINING INVESTMENTS CORPORATION ( Continued ) InTernational Exchange seat renral . . ;. Telephone and telegrams . . .. .. ........ . . . . . . .. ... . Office supplies . . . .. . . . . . . . ... .. .... . ...... . . . .
Postage .. .... . .
. ... . , . .• ....... . ....... . .... .
Advertising .. . Insurance ...... ... .. ..... ... . . .. Documentary sump... ... , . . .. . Clearing house dues and lees, . Licenses and raxes . .... . ...... .. , . . .. . .. .. .... . .. ......... • . Depreciation .... .. ... ... ... . Miscellaneous expenses . . . .. . Toul operaTing ex penses . ..... ... ... .. . . ... . . .
Net Operating Income . . .... ... . .. .... .. ... . ... ... ...... . ......... . .
185 .47 203.61 112.00 80.66
~~~~eIC~:~~i:)i~~T'~r~: 'F~~$ '.:: ::: . :::::::: ... ...... .
252.37 794.35 11.98 139 .00 80.66 315.00 90.00 964 .23 260.00 92!l.46
315·00
90.00 964.23 680.79 'P 8.549.94 'P 9,921 .60
Other Income: !;tercr on late sub$Cripl ions . . . . . ... . .. .. .... ... . ........... .. .. . rans er fees ..... ... .. ... . .. . . Mi$Cellaneous.. ......... . TOlal Other income.
Surplus for the Period 10 Exhibit A. .
66.90 590.74 11.98 27.00
l' 9,921.60 'l" 9,921.60
260.00 248.67
- -- 'r
5, 187.21
1'16,825 .14
- - - --
1'13,736.25 1'26 ,746.74
"
105.51 18.92 4.82
"
105.51 18.92 4.82
"
129.25
P
129.25
"16,954.39 400.00
1'26,875.99 4m.00
1'16.554.39
"26,475.99
190
THE COMMERCIAL & INDUSTRIAL MANUAL
We want you and your friend s to feel free at all times to come to us for novice in all phases of business and finance, espec ially in the matter of investment in stocks or bonds, and stock market trading.
FINANCI NG CQRPOHATION OF THE PHILIPPINE S Head Office: Talisay, Negros Occidental Bra1tch: Manila, PhiiiPI>ines-Nntionaiity: Filipin o -Bu$iness: Gencml Financing and Investment _ Efftablished a1!d incorporated: Februar y, 1934P,-in cil)Uls: Placido L. Mapa, Pres ident, Cesar Ledesma, Vice-P l'csident and Gencral Mana ger, Dr. A n tonio LizUI'CS, Tl'ca sul'cr- DirectoJ'S: N icol a s A. Lizul'cs, Simplicio Lizul'cs, Emi]:n"n Liz'll'cs, G~n e1'OSO Villanueva, Luis Guzm:t.n Rivas, SecretaryAutlu))"ized Capital: P esos 15,000,OOO.00-Snbse)·ibed and Pairl-in ClIpital: Pesos g,890,500.00- .A!l1· Value of Shares: Pesos 1.00~uTpl1ts: Pesos 715,742.89 as of July 31st., 1937 - BCl1Ik R cfcJ·ettees : Philippine National Bank; Bank of the Philippine I dands.
Thi s company was organized in February, 1934 by 101essrs. Cesar Ledesma, Nicolas Lizares, Placido L. Mapa, Angel MaSCUliana nd Dr. Antonio Lizares. The growth of this corp~ration has been rapid and on December 31st 1936, itls paid-in capital was Pesos 3,111,675.00, while in January, 1937, it was Pesos 8,874 ,250.00 anci' in February, 1937, was Pesos 8,890,500.00.
F INDLAY MILLAR TIMBER COMPAN Y Heacl Office: 1000 Cordeleria., Manila-Brallch Office: Chaco Building, Manila, P.O. Box 307 Mills and Fo)·cst Concessions: Kalambugan, Lanao; l\lilbuk, Cotabato-Incorpornted under the Laws of the Philippines-Principals: A. W. Robertson, Managin~-nireetor-BlIsi)less· Timber Producers and Merchants; In surnnce Agents - E ll ta blished : 1906 as a joint partnership between Millars Timber & Trading Company, Ltd., London, and Findlay Richardson & Company, Ltd., Glasgow and Man ila; 1915 Incorporated uncler the Laws of t he Philippines Autlio)·izccl OrdinMY Capitul: Pesos 1,107,000.00 Paid-in in full; Preferred: Pel!OS 1,000,000.00 of wh ich P esos 393,000.00 is subscribed and paid-in in fu ll- Pu id- in Cupital: Pesos 1,500,000.00 - Pa?· Value of SharlJ8: P esos 738.0U (ordinary); Pesos 1000.00 (p referred) - R6serve: Peso!!" 430,000.00-Dividend: 10% on preferred; various on common - A711tual TU7")lOver : I·coos 2,000,000.00-Agencics : :r.rillars Timber & Trading Co., Ltd., Londoll; Pinners Hall, London; Millars Timber & Trading Co. (Overseas), Ltd., Johannesburg, South Afrira: All branches of Millars Timber &j Trading Co., Ltd .. A ustralia; W. G. Scrim, 111 West Seventh Stroot, Los Angeles, California; Millars Timber & Trading Co., Ltcl., 280 Broodway, New York City-TelegrCll,h Add,·ess: FindmillCodes: Bentley's; Acme; Private-Balik Refer6flce: Chartered Bonk of India, Australia & China .
FIRE ASSURANCE OF PHILADELPHIA Balance Sheet as of December 31st, 1936 ASSETS Real Estace .... Morcg:l.ge &: Coll:l.cer:l.l Loans. Bonds :l.nd Stock-s_ . C;lSh in Office and in BanKs . Premiums in COUfse of Collection .. incef("Sts due and accrued. A!i other assecs
u.S. S 265,452.00 626.554.29 19,536.186.41 1,047,574.29 1,386.360.76 75,381.81 100.195.37
U.S. S23,037,704.93
. US $ 1.551, 182.00 Losses :l.nd Cbims... 8,127,414.19 Unearned Premiums .. S:l.Jaries, rentS & Miscellaneous e:tpc:nse5, due 610,575.00 and accrued. 948,475.67 All ocher Ji.1biJirie5 .. Surplus u regards policyholders: Capical p:l.id up. ... .. .... $2,000,000.00 Surplus. ... .. . 9,800,058.07
~
11.300.05807
US $23,037.704.93
PHILIPPINES
191
pal!;; Francisco J. Campos--Ba.nk Refercnce : The Bank of the T he Philippine Islands. FIRST MEDI CAL COOPERATIVE IN THE PH ILIPPINE ISLANDS Head Office: 1543 San Jorge, Paco, i\,lanilaRegistel'ed: April 15, 1935 - T el'm : 50 yea r s Business; Cooper ative H 0 s pit a 1 - Naticrnality : Filipino--incorporators: F. Gregorio, \'I'la~ias Cuadra, P. Arcilia, Leonal'ce C. Padilla, Pedro L. Galang, Cipriano Navarro, Jesus Teodoro, Toribio Teodoro, Mateo Victorino, Alejandro Torres, National City Bank of NeN York. Moises Puison, j\'Ielquiades Gamboa, U. D. l\Iallare and Hawthorne Darby-Directors : l\Ioises Buizon, THE FISK TIRE CO., I NC. OF THE Toribio Teodoro, Mateo Victorino, F. Gregorio, P H ILI PPINES MJlt ias Cuadra, Pedro L. Galang, Cipriano Naval'ro, lI[amila Office: 122 Novaliches Str eet, San P. Arcilla, Hawthorne Darby and Gumel'sindo GarMiguel - Agents fOf': F igk Rubber Products cia. Tclcg)'aph: "Fisktire"-Bal1k Reference: National City Bank of New York. FIRST SECURITY INVESTl\JENT CO., INC. Head Ojfice: 34 Escolta, Manila-Registered: October ]4, 1935-Tenn: 50 yeal's--8usine8s' GenFRANCISCO J. CAMP0S Head Office: Iloilo, Iloilo. P. I.-Nationality : eral agency, Commission, Investmen t, Promotion, Filipino-Bus-iness: Gene'llal Mer chants- Estab- Brokerage, and Stock bl'okerage-Naeionality: Filished: 1920 (Iloilo); 1935 Bacolod) - 7'eley/路a.ph: lipino-Capital Stock: Pesos 250,000.00 divided into "Fran-campo!i"-Codes Useel: A. B. C. 5th Edition 250,000 shares of ehe par value of Pesos 1.00 each_B-.ulIch Office; Baeolod, Oce. Negros - Princi- Subsl:l'ihed Cal)ieal: Pesos 8S,00D.OD-Capital Paid:
FIRESTONE T IRE & RUBBER CO.
OF T HE PHI LI P PI NE ISLANDS Head Office: 207-211 Thilteenth St., Port Area, i'tfaniia-Natiolllality: American _Business: Tires, Tubes, Batteri~s, Rims, Brake Lining, Sparkplugs, Acces!ories and Auto Supplies-Established: October, 19S0-TelcgJ"aph: "Firestone" - Codes Used: Acme, Bentley's & Pl'ivate-Bra.ncth Office: Gebu & Iloi l o-Principal~ .. R. E. Basker ville, General Mana;ger, O. J. Fikes. Office Manager-Bank Rejacnce:
- --- -------~-----------+---------------,
FIRESTONE reaches into the four corners of the world to lind the materials needed for this mastt:r achievement of tire building. From the stocks of the world ~ad Firestone's own plantations highest grade rubber LS selected. The finen crop of cottOn is woven intO f!;lW]CSS cords in Firestone's owa mills. Every raw material must pass the dO$Cst tests science can devise. Building High Speed Tires is the mark of rhe skilled worker who has carDed his position only after years of training. His work bears the S(;lmp of rhe master craftsman. The resch is a tire that gives car owners the great_ est safety aad most economical service ever known.
192
THE COMMERCIAL & INDUSTRIAL MANUAL
Pe~os 86,OOO.OO--l ncorpOl'atol's and Dil'ectol"s.- Fe· Iix Z. Tiongco, Florencio Kennedy, J. V. Pagaspas, Pedro F. Sulit and Leonardo Tiongco---Ba'lk Rete)'. cnce: Philippine Trust Company,
F'LORANNTE MIN I NG COMPANY
Report to Ollr Stockholders, as of September 17. 1937: The Benguet Consolidated Mining Company advises us that they shipped during the month of August 4,500 tons of ch rome ore from our property in Camarines Sur. Two shipments wcre made during the lllonth-3,OOO tons on the ml s "Bronxville" and 1,500 tons on the mls "Anna Mael'sk" The approximate gross value of these shipments amounts to $80,000.00 ( P160,OOO.OO) based upon the c.Lf. Atlantic ports price paid in accordance with the contract between the Benguet Consol idated Minin g Company and the U. S. Vanadium Corporation for or'! conta ining 50 "/, chromic oxid",. They also report that on the 10th of September they shipped another 1,500 tons on tJ~~ m i l? "Io'ernbrook". This m n k(' ~ n tot!!l of approximately ~9,!l00 tons of ~hrome ore shipped so fa r this :vc~· -hom our property. -B . D. CADWALLADER. Pres-ide7lt. L. S. FLORES & COM P ANY; J-/ead Office: 324 P erez Sanlanillo Buildi n g, Ma-
nila-Nationality: Filipino-Business: Ship Brokers -Establisl!ed .. August 26, 1937-Capital: Pesos 1,000.00-Part ners: Luis S. F lores, Ma nager and Fernando de Ja Can tera. FLORIDA BLANCA RICE M ILL, I NC. Head Office: Flori da Blanca. Pampanga-Nationality .. FiJipino-B118ine88'- Rice and Cerea l Man_ IIfacturers-ElIiabl1·shed.- September 3rd, 193':'--Capital Stock: 1'9,000.00 divided into 90 shares of the par value of PIOO.OO cach-SllbSCI'ibed alld Paid-in Cal)ital: 1'9,000.00; Cash, P5,800.00; P roperty, P3,200.00-incorporuto)·s: J oaquin R. Infante, Fausto E. Chin gcuanco, Alfredo R. I nfan te, Urbano Chingcua nco and Dr. Ramon Mediola . FONG SI M, QUAN L EY & CO. Head OQi.ce: 252 Plaza Sta. Cruz. Manila Registered: J uly 23, 1936-Bus1n6ss : Grocery, Restaurant and wine<; - Natiolwlit.y: Chinese Cupital: Pesos 12.000.00 - CU1,ital C01r1ributed by each parbtc)': Fong Sim, Pesos 2.000.00; Quan Ley, Pe.2os 2,000.00; Wong Sang, Pe90s 2,000.00; Ah Wo, Pesos 2.000.00, Loung Gun, Pesos 2.000.00 Wong Ah Song, Pesos 2.00000-M(uIlIye,.: Pon!! Sim.
-----t--
THE FUSO MARINE AND FIRE INSURANCE CO. Balance Sheet as of Dece mber 31st, 1936 ASSETS Mi nes and Mi ninl: Properties . Fixed Assets-Buildings .. Eq uipment . . .. ...... ....... . Furniture and Fixtures .. Current Assets :-Materials and Supplies .. 1) 23, 291 .23 Cash with Developments. Inc . 3,210.72 Cash in Bank . 82,164.21
LIABILITIES ,~
3,427.87 2,278.63
Capital :-
505·52 684.50
ImttJ:
108,666.16
AllthD~i~,J.'
2.CXlO sharcs of no par "alue 1.418 Shares. . 1)3}2,305 .00 uss: Calls Unpaid.. 158.250.00 1)174,055.00 Capital Reserve Account. Chapa Deposit . ... . Accounts Payable . . .
1.195.00 4.00
8,000.00
Deferred Ch;l.tgcs:-Organiution Expenses . 1) 37 ,045 .79 Mine Exploration and De\,ClopmenL. 22,327 .64 Gencnl Overhead- Mine.. 4,507 .78 General O\'erheadM:anila. .. 1.>3,915.82 Less : Intercsr 3,SI0.1I Collected.. 105.71
HENR Y HUNTER SA YNE &: CO., Ch,,,,, ...J A"~lm'lIl1lJ. 67,691.32 1>183.254.00
'·IS},254.00
PHILIPPINES
193
THE FUSO MARINE AND FIRE INSURANCE Co. Balance Sheet as of December 31st, 1936 (Continued )
ASSETS Cash on hand and in banks.. . ..... US $ 925,721.02 Real Estace olYned (unencumbered).. 16,}76.'j8 Stocks and Bonds owned (at mukc[ value) .. 2,277,378.22 Gross premiums in (ourl;( of collccdon (not more than three: months due), ..... 171,092.62 Due: [rom othc:rCompan ics for rdnsurc:dlosscs already paid ........................... . 112,451.96 Interest due and :!.ccrued on Bonds nOt in14.84 cluded in "market \'alue'
LI ABILITIES Net unpaid losses .. US$ Untuned premium reserve .. Ncr premium reserve: and all Other Liabi lities, except capital, under the Life Insurance or :Iny other s~c:cia[ department ... Cash dividcli s to stockholders remaining unpaid ... Accounts payable: .. Commissions, return prcmiums "d reinsurancc duc. SuGlus as rC8ards policyholdcrs: ap itai paid up ........ US$ 712,500.00 Surplus......... .......... 1,74l,322. 19
2,4~3 ,822. 19
. .. . US$
3, 503.03.5. 24
.......... US $ },503,03~.24
Total asscts.
Total liabilides ..
-----
FONG WING AND GOM PANY H ead Office; No. 325 T. Pin pin. M-anila _ Registered: November 8, 1935- Tel'm: Three years, beginning November 4, 1935_Bzlsiness: Furniture Store-Ca-pital: Pesos I 5,OOO.0D-Capital contributed by each partner: Fong Wing, Pesos 3,00000; Lee Keng Ga, P esos 3,000.00; ~gOSO F ook, Pesos
92,475.88 635,6}6.79
8,835.00 IS7.}) 114 ,866.27 197,241.78
3,000.00 j Yup Tuen ::E'ook, Pesos 3.000.00; Chao Wing, Pesos 3,000.00-Ma-nage-r: Dee Hue.
THE FOOK IEN TI MES CO., INC. Head Office: 197 Juan Luna , Manila-Natir-naEty: Chinese-Busines/!: Publishers-P resident: Guillermo Dy Buncio---Gene"al Manager: Go Puan Seng.
THE FOOKIEN TIMES Pioneer Chinese Afternoon Dail y Members
10
P. 1.
United Press lReuters Limited { Central News Agency
The Only Manila Chinese Newspaper with Standard Size Cable Adams: FUKENTIMES Manila, P. I.
President
Address:
GUILLERMO DY BUNCIO
197 Juan Luna P. O. Box 747
Managing Editor ana General Manager: GO PUAN SENG AdvtrfiJing Manager SAMUEL H UANG
194
THE COMMERCIAL & INDUSTRIAL MANUAL
- -- - - -
FORBES, MUNN & CO., LTD. fiend Office: 112 Muelle de Binondo, San Ni. cobs, Manila-NatiollCtlity: British-Business: Gencral Merchants, Importel'!';, EXp()l'tcrs, Insurunce Agcnl~-- TelcU"aph: "Sanrlnvid"-.• AYClLts for: Royal In surance Co., Ltd., Liverpool ; Wenatchee MiUing Co., Scattle; Stahlunioll-Export G. 1\1. B. H . FORTUNA SALES AGENCY, I NC. H ead Office; 604 Ave, Rizl'll, Manila _ Registelw/: :\lal'ch 31, 1936 - Tenn: 50 years - BlIsiness: Government Charity Sweepstakes tickets Na tionality: Filipino - Capital Stock: Pesos 40,000.00 divided into 4,000 shares of the par value of Pesos 10.00 each - SubsCI'ibc(l GUI)itttl: Pe!;Q9 S,aOO.OO-Capital Hilid: Pesos 2,000.00 _ [.ncorpo1'utors (wd Dil'cctors: Maria J(alakas, Julio Lotivo, Eus taquio l\1enoeni)Ja, Jose S· Va lencinno and Julia R. Mapa-TI'ca8'1/l'cl'; Jose S. Valencia no, 312 Rizal Ave., ;\'Ianila.
FOUR LEAF CLOVER CORPORATION fl ecul 0Uice: Sorsog\n, Sorsogoll __ Rcgi8tered : April 2.1, Hl36-TcI-1n: 50 years - Bllsiltess; Representative of the PhiliPpje Ch1l.l·it~, Sweepstake -Na tionality: Filipino apital Siock: Pesos 6,160.00 divicled into 308 shu 'e!i: of the pal' value of Pesos 20.00 each-SubscI'ib d COld Paid-in Co,pital: Pesos 1,540.00-hwo7·pOHl,tors and Dircctors: Mesdames Elisa ,T. Garcia, Dominga Berenguer Marcela de Ramos, Nicolasa P. de Gerona, Carmen C. Ellison (Widow), i\lis~ Julieta Villarica, R('v. Jose Fuentebella, i\lesdames Celesti na ' Guerrero, Severina Vda. de Pams, Lourdes G. l\Iadf'id" Nieves A. Uugson, Salud F. Grajo and 1.liss Victorina Olbes. (Marcela de Ramo ~, Julieta Villarica, Jose Fuentebella, Celestina Guerrero, Scverina Vcl-a. de PSll'US and Nieves A . Ungson, aile incnrporators only) Tl'eusurer: Mrs. Dominga Berenguel·. Sor sagan, Sorsogon, P. I. FURN ITURE LABORERS AND MERCHANTS ASSOC I ATION Head Office: 819 Avenida Rizul, l\lanila-Registel'cd: August 12, 1935-Tel'm.: 25 years-NatiOJlhllity: Chinese - /ncoI'porators COld Dil'ectors: Mon Hang, 'l'ang On, Jay Kim, Liong T im and Chiao Ring - T1'eusurcr: Jay Kim, 640 Soler , Manila, P. 1. H. & W. GABR I EL Head Office: Manila-Registtll'ed: J uly 2, 1935 1'e)'m: Three years begin n ing from January 1, 1935- Bllsines!l: Importation of mer chandise, Dry goods. Jewe ls-Natio)lality: Syrian-Capital: Pesos
7,500.00 - Oapitul contributed by each partner: Habib Gabriel, Pesos 3,750.00; \Vadie Gabr iel, Pesos 3,750.00. GABUN- P ARACALE l\HN ING CO., INC. Head OUice : Manila, P hilippines - Reyist6red: January 22, 19a7-Term: 50 years_B!uriucss: Mining _ Nc~tionality: Filipino- CapitccI Stocle: PelloS 500,000.00 dh'ided into 50,000,000 shares of the par value of P. O. of each - Subscribed Capital: Pesos lOO.OOO.OO-Cllpita£ ?ltid: Pesos 25,000.00 -hlcoJ'porators: R. F. Navarro, Pedro Carr iedo, Carmela Reyes, Julian Salgado, Jesus Cacho, Gerardo Snstre, Jose Cojuangco. Romnn R. Santos, Augusto A. Santos and Claudio R. S'<lndoval.
GA 1<1 ENTR RPRISE Head Office: Manila-Regislere(l: Sl2ptember 9th, 19:17-AlIlhcl)'ized Capital: P esos 10,OOO-SubsCI'ibed Paicl-il! CCL11ital: Pesos 500.25-/lIrlll'])0)·atOI'S: Antonio Q. Madamba, .Tusto A. Arquero, Emi_ lio E. Ventura, Jose P. Pimentel, Honorio Hipolito, AnacJeto GUI'cia, Marcelino Cruz, Macal'io A. Suguitan. Pedro Martin, Ubaldo Sable, Leonardo Fol'Ondu Dorotea V. Pandaraoall, Mendamcs Bernardi r na 1'11. Arzadon, Consolaeion L. 1~lores nnd Gel·tl·ude M. Madamba. GAN CIO FAN & COMPANY Head Office: Manila Rcyi.8tc)·ed: July 21, 1936-T(wm : Ten years from J anuary 1, 193581/~illess: Lumber l\Ierchants-NflfioJlality: Chinese -Capital: Pesos 20,000.00-Capitai COlllrib/lfed by each pa.rtner: Gan Cio Fan & So Kee, Pesos 10,000.00; Luis de la Cruz, Pesos 10,000.00. GAN TAN Y COMPAR IA /-leud Office: 370 l lang·n ang St., San Nieolas, Manila-RcyistcJ)'ed: J uly 30, ]935 - Term,: T wo year9, begi nning f r om April I, 1935 _ Busino88: Empty Sacks - Nationality: Chi nese - Ollpi/a/: Pesos 25,OOO.00-Capital conb'ibllted by each "arl ,leI': Gan Tan, Pesos 20,000.000; Gan Chan Pesos 5,000.00.
GANO I ONCO LUMBER, I NC. Head Office: Hinuangan, Leyte-Rcf/istcrcd: November 12, 1935 - TeYll~: 50 years _ Bltnm88 : General Lu mber Merchants-NatiollCllitJl: F ilip ino - Capital Stock: P esos 45,000.00 di vided into 900 shares of t he par value of Pesos 500.00 each Siluscribcd Capital: Pesos 9,OOO.00-Capital Paid: Pesos 5,000.00 - lllcorporai.ors alld Director8 : Rc· drigo L. G:mdionco, Maria Mejia Gandionco, Inor.ente Lecnardo, Filiberto Leonardo and Valeriano
PHILIPPINES
195
196 'l'una- TI'caS"Ul'cr: wan, Leyte,
THE
COMMERCL~L &
Maria Mejia Bandionco, Anaha-
ZOSUNA G. DE GARCIA Head Olficc: 827-33 Avenue Rizal, Manila-Natioll(tiil,y.' Fi\ipino--Business.' Diamond ancl Pearl ImpOl'ters- Established: 1918-PI-tncil1als: P\'imiti_ vo Garcia and Zosuna G. de Garcia- Ban k Rc!cJ'C71('e : Philippine National Bank. GARH.UCHO & CO., INC. H ead Office: Manila, Philippines_Regis tered: June 30, 1936--Tcrm: 50 years- Btlsincs8: General merchants-N(ttioll.ality: Filipino-Ca.pital Stock: Pesos 5,000.00 divided into 500 s hares of the par value of Pesos 10.00 cach- S1Ibscr,'ibcd Capital: Pesos 1,000.00 -. Capifal Paid--il!; Pesos 250.00 _ In cO'l'po)'utors (l n d Dil'cctol's: Vicente Garrucho, Lconcio L. G1tl'l'ucho, Juan B. Urbano, Paulino L. Briones and EmiJia\Evangelista-T?'easun!)': Leonc io L. Garl'ucho, Bac'OIod, Occidental Negros.
GASTON MOTORS, I C. H ead Office: BacolO{', Negro~ Occidental R egisle)'('d: October 30, 19f5 - Tn'lIt: 50 yearsBlI.-;iness: Buying and selling automobilies, Trucks, Tractors; other motor vehicles "Stationary engines," mHI any other kind of machinery, etc. _ Na tiollality : Filipino - CU,1) 'tal Stock: Pesos 75,000.00 divided into 750 shal'es of the pur value of Pesos 100.0 each - SubscJ'ibcd Cn.])ital : Pesos 39,200.00-C(11)ilal Paid: Pesos 30,000.OO- l nco )·porato)'s a11(/ Directors: Benjamin C. Gaston, Rubin Jalanci'oni , Jesus Suarez, Cesar Linzurl'iaga and Francisco Garia-TJ'easure)' : Jesus Suarez, Victorias, Negl'os Occidental. GASTON-ROCES PUBLISHING CO., INC. H ead Office: 928 R. Hidalgo. IHanila-·Nat'ional1ty : Filipino--B1lsiness .' Periodical Publishel'sE 8 1(~bfishe d: .o\ugust 4, 1937-Cttpilal Stocl:: 1'100,000.00 divided into 1,000 shares of the pal' value of PIOO.OO cnch-Sl!bSCI;bed C(1)i!al: 1'39,OOOOO-Cap i!al Pa id: 1'9,750.00- lnco)·po)·atol's.' Rafael R. Ro_ ces Jr., Benjamin C. Gaston, Plinio C. Ga ston, Carlos F. Nivel'3, R. }'. Roces (Mrs.) Jes us M. Roces and Abelardo R. lcasiano. GATBO COAL AND POWER CO., INC. Hend Office: Manila-Reoiste),ed: July 17, 1936 - Tel'lI!: 50 year s-Business: COllI Mines and Coal Mine Claims; operates coal mines, coal-mine claims and Other Mineral Mines-Nat'i(mal1ty: American -Capital Stocl.:: Pesos 100,000.00 divided into 1,000,000 shal'es of the pal' value of Pesos 0.10 each-SlI b-
INDUSTRIAL MANUAL 8o)'ibed Capital,' Pesos 20,000.00-Capital Paid: Pesos 5,OOO.00-lncorpol·ato)·s: C. H. Sleeper, S. C. Payer, J. C. Cowper, Joseph Pastol'i and Neil MacLeon- Dil'eotO)'S,' O. P. Rh uclie, R. C. Pa.yer. L. M. Lagoner(l, H. L. Stmuss and Neil MacLood-Trellsu_ reI': John C. Cowper, 501 Heacock Bldg., Manila.
GAVEAN-INTERNATIONAL CHROM ITE CO., I NC. HlUd Office: 440 Estero Cegado, Manila-Capi t~l Stock: Pesos 500,000.00, Divided into 50,000,000 Shares at Pesos .01 pal' value--Tn~8t6e8: Hon. To. mas S. Clemente, A9!"ernblym.an for Sorsogon, President-Cagam-Is Gold Mines, Hon. Pedro Gil, Assemblyman for :M anila, Director of Sanb Catalina Broker age & I nvestment Co., Inc., Chairman Board of Trustees of San Mauricio Pitislln Mining Co.Hon . J ose Bonto, Assemblyman for Albay, Mr. 'reofilo M. Caliolio, Periodical Librarian-University of Sto. Tomas, Dr. Ramon MUcasaet, President Amazona Gold Mines, Inc., Atty. Glicerio Opinion, Ex-Provincial Fiscal of Rizul, Dr. H. M. Mayor, Mr. Bernardo Velasquez, President & General Manager, Mr. Felix D. Mirafior, President & Genemi Man·agel', Philippine-American Investments , Inc.f)il'cc'tnrs alld Of/ice)'s: Bernardo Velasquez, President & General Manager, Edward Gallaher, VicePl'e~ i dellt, Atty. Moises Ma. Buhain, Executive Secretary, Dam.ian P und{wela, Treasurer, Porfirio Ignacio, Asst.-Sec.·Treas., COllstallcio A. de Guzman, C. P. A., Auditor, Wm. V. Ebbe, M. E., Cons ulting Engineer-Promoter: Philippine-American IIl\'estments, I nc. - Balik R efcrem;(!: Philippine National Bank. GaVe311- I nternational Co., Inc., has been formed for the purpose of developing the GaveanChromite lode mineral claims in Slinta. Cruz, Zam· bales;. 1' his g r oup is in the rich chromite mi n ~ral belt and adjacent to the chromite properties of Acoje and Zambalcs Chrom ite. This property consists of Fifty (50) Cull lode mineral cl-aims of nine hectares each, situated in the Barrio of Guisguis, Municipality of Santn Cruz, Province of Zambale~. All arc duly regis tered in the office of the Mining Recorder at Iba, Zambales, under date of December 14, 1936. This group of claims is lOCAted four k ilometers from Zamboles Chromite, which is reached by moto ' vehicle from ~he provincial road. T he Gave.an group of claims is bounded on the North, South and East by government timber land and on the west by the claims of the Zambales Chromite Co., Inc. The height i!t from eight hun-
197
PHILIPPINES dred (800) feet to two thousanri' eight hundred (2,800) feet, above sea level. This rise has a constant slope of approximately 45 degrees and remains so from the east to the west ridges that cut across the property. Two small streams which are tributes of the Baita river have their origin in the group. Pine trees are abundant on the priperty. "Chromium compound are used in the rnanuf-acture and application of dyes and pigments in tanning and photography. Alt.hough thet'e are definite possibilities in alloying, by far the most important steels are those containing nickel and chromium in crank shaft!;, axles, gears and other automotive end machine parts." "Chromium in varying quantities enters into the manufacture of'n wide variety of alloy steels designed for specific l,>urposes. The most widely known are the steels and iron-chromium and chromium-nickel series:, which are extensively used in automotive building, d,il'Y, paper, petroleum and chemical industries, as well as in kitchen equipment for restaurants, hotels 'and hospitals. Stlainless steels are now us: d for weldfo!d e\.julpment subject to corrosion. Stainl ss steel containing 16 % of chrolldum. and 1 to 12 lJsr cent of nickel is becominu incI'easingly used in airplane constructions. Steel containing 11 to 12 pel' cent chromium have been adapted to railroad hOl?per cars and coolhandling equipment. Chrome-molybdenum tool Sltaels that permit machining at satisfactory speeds in heat-treated stnte have appeared on the market. Ferro-chromium, an electric furnace product that usually contains 65 to 72 per cent chromium, is the basic alloy used in the manu6acture of chromium alloy steels:. Chromium is one of the elements used in lowalloy steels to obtain the desi)'ed inc)'case w. strenuth. As in the case of higher<-alloy steels the low alloy steeb continue in favor in forging to Combat Rust. Chromium plating is decorative and wearreSisting. Its bluish-white color, hwrdness and high resistance to atmosvheric corrosion make chromium plate a desirable /i:nish, which 1'S availed of extensively. Its 1uear-resisting q!!alit'Y have many impOl·tamt applications." "The discovery of chromite in Zambales during the administration of Governor General Wood, brought recognition of the province as one of the richest .chromite regions in the world."
GENATO COMMERCIAL CORPORATION Head Office; 1071-10B1 R. Hidalgo, ManilaBulrines8; Importers, Exporters, Brokers, Manuf-actUl'ers' Represenilatives----EstabUshe(l; 1B,,0~Prin cipai.s: Francisco G. i(;enato, Florentino Genato, S. B. de Genato, Felisa Genato, Juan Genato-Authorized Co,pital: Pesos 500,000.OO-Patid-in Cap. ital: Pesos 260,000.OO~Agents fo)'; J. C. Hutton Propty., Ltd., Brisbane, Australia; Pet Milk Sales Corporation, San Francisco, California, U.S.; Van Heel's Condensed Milk Cy., Naardcn, H olland; Fort Garry Flour Mills Co., Ltd., Vancouver, Canada; Jas. Minifie & Co., Ltd.,-Telcgraph : "GC'natocol'p" ~Bll.1tf.. Rcferellces : Philippine National llaak; Nat ional City Bank of New York. GENERAL EXPLORATION & DEVELOPMENT
CO., INC. Head Office: 413 San Vi('('nte Manila-Pl'ol)~I' ties: SUl'igao & Agusan in Mind:lnao; Nueva Vizcaya & Mt. Pl'ovince--Bu sine.qs: Explore, Ex?mine, Deyelop Lode Placer Mineral Lands.~Ol'uanized: April, 1936~A 1!t1!orized to Scd Shares: March 24, 1937~A\,th01'izccl Capital: Pesos 100,000.00·-S1Ibscribed and Pa;id-in C(tpilal: Pesos 20,OOO.00~Pal· Vo11!e of Sha1'es: Pesos 0.10 each ~Dircctors: Hon. Ludovico Hidrosollo, President; Claudio de Lm.:uriaga, Vice-President; Judge A. M. Opisso, Dil'eetor ; Dr. A. L. Lejano, Director; Capt. D. E. Leonor. Director and Manager; Hon. T. Tancinco, Treas and Asst.-Manager; Mrs. G. R. Austria, Secretary-Incorporators: Jules Dreyfus, M. Vedinden, Charles Beurms, Domingo Leonor, Ludovico Hidrosollo, Antonio M. Opisso, Claudio R. de Luzuriaga , l\'laximo Borromeo, Fernando Alcantara, Thomas A. M . Shanahan, Vicente Aldanese, Jacob Levy, Al'temio Lejano, Tibul'cio Tancinco, J. S. Baker~Batlk Rs!e,·ence,' Peoples Bank & Trust Company. GENERAL ELECTRIC CO. (P. 1.) IN C. Head Office: P ort Area, Manila~Reuiste)'ed: October 19, 1935~Tel'm: 50 years~Business: General electrical business; Electrical apparatus and machinery and electrical supplies----Nationality: Amcrican~Capital Stock: Pesos 500,000.00 divided into 5,000 shares of the par value of Pe90S: 100.00 each--81!bscl'ibed Capital: Pesos lOO,OOO.OO-Capital Paid: 25,000.00~Incol·pol·a.t01·S and Dit'ectors: C. C. Grinnell, F. H; Ale, J. W. Whiteside, Robert Janda, Mariano Palileo, Federico Agrav:\, Miguel F. Trias, Marti-n B. Laurea and Cesar MiraflorTreasurer: F. H. Ale, 13th & 12 Atlanta, Port Area, Manila,
198 ______________~T~HE ~C~O ~M~N~LE~R~C~1~A~L~&~ I N~D~U~ST~R~I~A~L~M~A~N~U~A~L~______________ GENERA L
EXPLORATION AND
DEVELOPMENT CO., I NC. Head Office: 443 San Vicente, Manila-Regislel-ed.' Jul y 25, 1936-Tcl"II .' 50 ycars-BlIsilI688.' Employment of capital in the gold mining industry; Examine. explore and develop lode place l' mineral land~-Nationality: F ilipinO--Ca.pital Stock: Pesos 100,000.00 divided into 1,000,000 9huI'cS of the par value of Pesos 0.01 ench- Sltb· sGribed Capital; Pesos 20,000.00 Ca1Jital Paid: Pesos 5.000.00-----hlcorporCitors and Dil'cctOrs: Jules Dreyfus , M. Verlinden, Charles Beurms, Domingo Leonar, Ludovico Hidrosollo, Antonio 1\1. QpiS90, Claudio R. de Luzu riaga, Maximo Borromeo, Fernando Alcantara, Thomas A. 1\1. Shan ahan, Vicente Aldnnese, J-acob Lev)" Artemio Lcjano, Tibw'cio Tansinco and J. S. Baker. (Jules DJ'eyfus, M. Verlinden, Antonio 1\[. Opi£so, Claudio R. de Luzuriaga, Maximo Borromeo, ernando Alcantara, Vicente Aldanese, Jacob Levy and J. S. Baker, are incorporators only)-T-reas!tl'el'~ Jacob Levy, Manila, P. 1. GENERAL PA I NT CORPORATION (PHILIPPINES), I NC. Head Office: Port Area,\ Manila-Rcgistcn,d: March 20, 1936-- TC1'))j: 50 y~Jr.:-B!I.si"css: Paints, Varnishes, Lacquer s, Oils, Colors, Dyes, Glue, Putty, White lead, Red lead, etc.-Natiollality: American-Capiial Stuck : 990 shares without par value - SZtbScl'ibed dnd Paid Capitaq: Pe£os 30,000 .00; Ca sh: Pesos 4,000.00; P"OPMty: Pesos 26,000.00hl corporators and Directors : J . C. MuIlins, President and Treasurer; O. S. Orrick, Vice-President and Secretary; W. R. DeMuth, Vice_President and Assistant Treasurer; O. 'V. Beale, Assistant TreasurCi' and Assistant Secreta r y; W. B. Han son, Assist.-Int Secr etary. GENERAL PHILIPPI NE PUBLI S HERS, INC. Head Officc: Manila, (Escolta)-Rcgistered.: J uly 17, 1936---Tcnlt: 50 years-Business: Publishing, Buying and sell ing books; Stationeries ; School Supplies in th e Philippines and to import and export the same from and to foreign countri es-Na.tionality: Filipino-Capital Stock: Pesos 2,000.00 divided into 2,000 shares of t he pa r value of Pesos 1.00 each-Subscribed Capital: P esos 400.00-Capital Paid: Pesos 100.00-lncorporators and Directors: Felix C. Evangelista, Florentina Cunanan, R. Evan· gelista, A. de Vallejo and Purificacion LladocT reo,SIU'CJ': Purificacion Lladoc. 534 Tanduny, :'lIaniJa.
GENERAL SECURITIES, INVESTMENT CO. H cad Officc: ·107 SamanillQ Bldg., Mnnila-' Registcred: Jul y 21, Hl36---Term.: 50 years-Busi· lIess: Rea l estatf::, ::;hares, Stocks, Bonds; Seeurities a nd negotiable pcper-Natiomlit>y: FilipinoCapital Stock: Pesos 2,000,000.00 d ivided into 200,000 shares of the par value of Pesos 10.00 each -SlIblJcl'ibcd Capifal: Pesos l,053 ,500.00-Capital Pruid: Pesos 5l7,500.00-l ncol'porators Imd D ircctOl'S: Jorge L. Ara neta , Ramon S. Araneta, J. Amado A. Gonzaga_TI'easltrer: Ramon S. Araneta, 1\[aao, Negros Occidental. GENERAL TRADING COMPANY, INC. H cad Officc: Room 704 Insular Life Bldg., Manila-Rcgistcl'cd: December 7, 1936-T61'm: 50 years- Business: Merchandi sing-Nationality: Filipino-Capital Stock: Peso£ 50,000.00 divided into 500 s hares of the par value of Pesos 100.00 each--Sltbscribed and Paid·in Capital: Pe9(lS 10," OOO.OO-htcorporators: Yu Eng T in, Yu Chong Tek, Ramon E. Wong, J. W. Ferrier, Domingo A. Lim, Daniel 1\[a. Gomez, Manuel Gamban and J ose Baut ista. GENERAL SPORTING CO ., INC. ~ead Office: 554 Rizal Avenue, Manila, P. 1. Nationality: Filil)ino-Business: Sporting Goods; Rire Arms-Established: December 17, 1934-Pri,,_ ciWlls: P. L. Bustamante, Manager and Treasurer, Miss Bienvenida Re.yes, Secretary-Authorizcd Capital : P esos 21,000. 00-Pu ~· l'ahlc of Shares: Pesos ] OO.OO-Amlllal Tunl over : Pesos 62,000.00Telcgraph: Sporting- BOllk RefeJ'cllce: Philippine Tru st Company. GEOLOGISTS & ENGINEERS S YNDICATE, I NC. fIead Office : 459-.\6 1 San Vicente, ManilaA ssay L ubor(ltory: Opposite Puca Station--Nationalitv; American, Filipino, Spani ~ h, ChineseBIISi1lcS6: Mining Engineers; Asroyers-Establislt· ed: November , 1937; Laboratories, July 1 9~7Prillcipals: N. E. Mullen, P resident and Genero[ Manager, A. Bachrach, Treasurer, A. Luz, Hon. J ose Zulueta, Ramon Araneta, Alfon so Syci p, C. Oteyza_Au thol'izod Capital : Pe90S 200,000.00Paid-ill Capitcll: P esos 40,000.00-P(Jr Valuc of S"are6: Pesos LOO-T61egravl~ Addr~H8 : EnsynBalik R efcrellcc: Chartered Bank of India. Aust.ralia & China. (Scc Articlcs alld Pictllres under "Minino") GERMANN & COMPANY, LTD. H eld Officc: Hamburg, Germany-Branch: 156 Juan Luna, Manila; Cebu, P. I._Nationality:
PHILI PPINES German- Bn.si1tess ; Importers, Exporters, I n9Urance Age.nts-EsULbLished: l896-Principals: M. E. Bel1gmann, H. Luyken-Agents for: Siemen s & Halske; Berkefeld Felters; L. A. Young Spring & Wire P r oducts Corporation j Coleman Lamp & Stove Co., Ltd.-Telegraph.- "Federation"-Bank Retel-. encl!: Hongkong & Shanghai Baking Corpol'atian.
199
vate Company Incorporated in U. S. A.----Officers.' R. A. Ray, P resident; A. P. Lazul'us, Secretal',y-Tl'easurer; L. I. Goodman, Vice-P resident; Chas. J. Kelly,
Vice-P resident Herman Yaras, Branch Man:o\gerTelegl路aph.' "Getz路'-Banl.' Reference: National City Bank of New York.
D. GESTETNER, L TD. Head O//ice: London-Bmllch Offices: Throughout the World_Jll<mila Of/ice: 108 Escolta -Nationality: British-Bllsiness: Duplicator Manufacturers- Established: 1881 in London-AltthoriZ6cl Capital : 拢l,OOO,OOO.OO-Largest concern in the world entirely devoted to manufacturing of duplicating machines and supplies _ ManagingDireotor: S. Gestetner, E. s. Q.
GINGU IHOKUZAI KABUSHIKI KA ISHA, LTD. Head OJ/ice: 18 Aizumicho Yotsuyaku, Tokyo, Japan-Bra11CIies: Osaka and Nagoya-Manila 0//ice.' 1221 Tuberias-Natiollalit11: Japanese- Bwtiness.' Exporters of Philippine Lauan Logs-Established: October 12, 1935 (l\1anila)-Authorized and Paid-in Ca1)ital; Yen 500,OOO.OO-P1'incipal.~; 路 G. Matsuoka, M. Sum itomo, Z. Mizukami, T. OkumuraBank. Re/(JI'el1ce: Yokohama Specie Bank, Ltd.
GE TZ B ROS. & COMP ANY H ead Office: San F r ancisco-Manila D//,ice: 209 Soriano Building, RJaza Cervantes-Branches: Shanghai, Tokyo, Yokohama, Kobe, Hongkong, Singapore-Nationality: ~erican-B1Isi')1ess.' Importers of P rovisions, Canned Goods; Manufacturers' Agents-Established: 1871 in San Francisco-P ri-
OTTO GMUR, INC. H ead Office; Manila; Branch; Cebu-Nationality : Swiss-Business: Importers-Established: 1918 in Manila; 1926 in Cebu-Aztlhorized Capital: P esos 400,OOO.OO-Telegmph: "Rolfotto"-Bullk R e/el'e'llCes: Chartered Bank of India, Australia & China; National City Bank of New York.
EXAMINATION OF MINING PROPERTIES By GEOLOGISTS AND ENGINEERS OF ACCREDITED MINING UNIVERSITIES, WITH 10 TO 25 YEARS EXPERIENCE IN ALL PARTS OF THE WORLD.
PROSPECTI N G DEVELOP MENT EXPLORATION MILL PLAN NING --00 0-PHILIPPINES FINEST LADORATOR Y VISITORS AND THE PROFESSION ARE WELCOME THE BEST EQUIPPED COMMERCIAL TESTING LABORATOR Y IN THE PHILI PPINES ASSAYERS CHEMISTS METALLURGISTS DETAILED INFORMATION ON REQUEST
GEOLOGISTS
ENGINEERS SYNDICATE INCORPORATED AND
EXAMIN ING AND CONSULTING MINING ENGINEERS 459-461 San Vicente Street
Tel. 2-51-57 -
2-SI~39
Manila, P. I.
200
THE COMMERCIAL
&
GO CHAN & COMPANY, INC. H ead Office: 99-109 Magallanes, echu City. Cebu, P. O. Box 19-Nationalit:y: Chillese------Busin6S8 : General Importers of Building Materials, Hardware, Porcelain ware, Glassware, Enamelware, Cocoa, School Supplies, Coffee, Cornstarch, Sugar, Alnddin l\'IantJe Lamps, Primu9 Incand escent Lantern, Continental Light, Camel Paints, Etc.-Tele9n~p h: "Gochanco"- Cocles : Bentley's & Private--P r incipals: Go Chan, General Manager and President--B1'anch: Maniln-Bank Reference8: Bank of the Philippine I slands, Chartered Bank of India, AUi>ttalia and China, and Philippine National Bank , ecbu.
INDUSTRlAL MANUAL GO TI & CO. Head Of/ice : 427 T eodora Alonso, ManilaRegistered: September 9, 1936-Tcr/l~: Five years, from August I, I936-BusineS8 : Tobacco FactoryNationalit1l: Chinese- Capital: Pe90S 33,000.00Capital c,mtriblLted by each part/Ulr: Go Ti, Pesos 3,000.00; Yu Lay Juat, Pesos, 3,000.00; Tiu Kun Hiao, Pesos 3,000.00; Tiu Pit, Pe~os 3,000.00; Co Lee, Pesos 3,000.00; Cua Kip Suy, P esos 3,000.00; Chua Bok Kia, Pcoos 3,000.00; Lee Nee, Pesos 3,000.00; Lua Teh, Pesos 3,000.00; Te Kay, Pesos 3,000.00; Tan Yu Kiao, Pesos 3,000.OO--,U anager: Go Ti.
GLEN FALLS INSURANCE COMPANY GLENS FALLS NEW YORK UN DER THE SUPERVISION OF THE DEPARThiENT OF INSURANCE OF THE STATE OF NEW YORK STATE
ENTOF ACCOUNTS FOR THE YEAR ENDING DECEMBER 31st, 1936 REVENUE ACCOUNT
INCOME
DISBURSH.1ENTS
incl uding Expense of AdjuSI~g ... Commissions and Brokera ge. Tu es, State and Federal. Ex penscs . Dividend .. . ....... ~.. Other Disburseme nts.. Balance of Re\'enue Accoun t LoSKS.
$ 2,6&!,918.39 1,514,341.99 3}4,944.78 1,496,513.76 800,000.00 488,926.95 3, 211 ,155.82 $10,510,811.69
Premiums, Net. .......... .. Intetcst and Dividcnds. Miscellaneous ..
$ 6,ln,4SO·70 888,355.4} l,445,OO5.56
~ $10,510,811 .69
BALANCE SHEET
ASSETS
LIABILITIES
C:uh Capiral$ 2,500,(0).00 500,000 Shares, S5 each. Itcscrve Premium Fund. 6, 124, 501 .37 ReseHe (or Unadjus ted /...esses. 1,514,972.00 Funds held under Rci nsu r:l nce Trc:ltks. 11 ,245.45 Rcserve [or Ta..xes.. 258, 100.10 Rcsen 'e for Contingencies :lnd Miscd!:lncous :I-C due :lnd unpaid ............... .. 308,891 .92 Sur plus over contingencies and :l.!IIi:lbilitics, including C:lpitai.. ......................... . 10,265,335.58
$20.99},046.42
lo\'cstmentsMortg:lges... . .... .. .... S 662,918.66 12, 579, 305.00 Shucs ... GOI'etrunent. R:lilro:ld :lnd t.lisccl!:l.neous Bonds . . ..._---"~.8_"~.~"''•. I_O
Accrued Intercst. .. .. .. . ... ... . .. . ......... Bn.nch :lad Agency B:llanCd (in course of lran~ mission =d in hUlds of Agents) •• Cuh 00 h:lad :UJd in 8:UJkJ....... .. ........ . Re:ll ESt;1tt: . • Other Admitted As~cs ....
$17.065.417.76 }S.06555 I,OJS,Wl .20 1,578,744 ..(8 929.242.02 }48,985·41 $20.99J,046.'12
PHILIPPINES GO TIONG liAr & CO. Head Office: 758 Juan Luna St., Manila- Registered: January 3, 1936-Term: Five years, beginning January I, 1936-Business: Lumber Merchants; Building Contractors-Nationalit,y: Chinese - Capital: Pe!;'os 26,500.00-Capital cont1'ibuted by each partner: Go Tiong, Pesos 8,4.00.00; Tiong Ac, Pesos 6,700.00-Managel-; Go Tiong Kai.
GO OCCO & COMPANY Head Ofjice; 111-115 Magallanes, Cebu City, P. I., P. O. Box 4G-Nationality; Chinese--Business: General Importer9 (Wholesale and Retail)Established: Thir ~y Year!;' Ago-Ca.pitJal: Pesc" 350,000.00 (Paid-Up)-Annual Tunrov~W : Pesos 800,OOO.OO-Telegraph: "GaDceo" -Codes Used: A. B. C. 5th Edition, Bentley, Duo Code, Oriental Letter Code-P)incipals: Go Siong Mit, Manager, Go Chai Lai, Asst. Manager-Pa-liners: Mrs. Go Deco, Go Siong Mit & Go Chai Lai-Bank Reference: Chartered Bank of India, AU9traiia and China. The business of Gonzalo Pllyat & Sons, Inc. was started by Mr. Gonz-alo ~llyat 25 years ago. He opened a small billard shop and worked his way up. About eight years latel1\ he undertook th e manufacture of wood and rattan furn iture, bowling alleys, billiard tables, barber chairs, dentist chairs, invalid chairs, beauty parlor chairs and phonograph cabinets. The business of 1\:[r. Puyat has expended considerably -and in December 31, 1934 it was incorporated. The Gonzalo Puyat & Sons, Inc. is today well known not only th r oughout the Philippines but also in the Far East, Hawaii and in the United States as a foremost Filipino bus:inesR firm.
201
5,000.00; Ang Chay Hock, (General partner) Pe90s 7,000.00; Lim Yak Su, (Limited partner) Peso!! 15,OOO.OO-Manuger: Goh Sam. GOYCONDA MINI NG CO. HfJiJ.d Office: Manila, Philippines-Registered: October 30, 1936-Ter"~: 50 years-Business: Mining, Milling, Concentmting, Converting, Smelting, Treating, Preparing for market, Manufacturing, Buying, SelIing, Exchanging and otherwise producing and oealing in minerals, etc-Nationality: Filipino-Culntal Stock: Pesos 10,000.00 divided into 1,000,000 shares of the par value of P esos 0.01 each - Subscribed. Capital: Pesos 2,400.00-Capital Paid: Pesos 650.00-lncorpomtors and Directors: Sebastian R. Siguenza, Fred M. Holmes, Panfilo Laconico, Jel·ome A. Prager, Chan Quep, W. J. Raney and Juall Va9quez. (Juan Vasquez, is an incorporator only)-Treall"!tl'er: Jerome A. Prager, Manil-a. GOLCONDA MINING CO., INC. Head. Office: Manila, Philippines-Registenld.; December 1, 1936--Term: 50 years- Business: Mining--Wationalitv: Filipino-Capital Stock: Pesos 200,000.00 divided into 20,000,000 shares of the pal' value of Pesos 0.01 each-SubsCl'ibed. Capital : Pesos 40,000.00~Capital Paid: Pesos 14,500.00-/nclll-porators: Sebastian R. Siguenza, Fred M. Holmes, Panfilo Laconico, Jerome A. Prager, Chan Quep and W. J. Raney.
GOCHECO & COMPANY, I NC. Head Office: 1219 Azc~rrage, Manila-Registered: January 6, 1937-Term: 50 year9- B1tsi~ ness: Lumber Merchants-Nationality: Filipino ---Capital Stock: Pesos 750,000.00 divided into 1,500 shares of the par value of Pesos 500.00 each --Subscribed. Capital: Pesos 150,000.00-Capibal Paid: Pesos 59,100.00-1nco)-p(»·ators: Paulino P. Gocheco, Go Kua Tiat, Gi Tiong Kang, Co Cho and Go Giok Tee.
GOLD NUGGET MINES CO., INC. Head Office: 456 Dasmariiias, l\[anila-Regis· tel·pd: October 28, 1936--Term: 50 years - BusilIess : Mining, Concentrating, Converting, Smelting, Treating, Preparing for market, Manufacturing, Buying, Selling, Exchanging and proGucing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, ~·""l'!1 a'l-J oreg, metals and minerals ete.Nationality: Filipino--Capital Stock: Pesos 1,000.00 divided into 100,000 sh-ares of the par value of Pesos 0.01 each-Sllbscribed and Paid-in Capital: Pesos l,OOO.OO---I1!corpol·utors and Diree(ol·S: John Canson, Pompeyo Diaz, Teodoro Robles, Antonio A Gonzales, Lorenzo U. Lim, Tomas Sunico and Ricardo Rodriguez. (Lorenzo U. Lim and Ricardo RodriguC'Z are incorporators only) - Treasurer: Ricardo Rodriguez, Manila, P. I.
GOH SAM & CO., LTD. CO-P ARTNERSHIP Head Office: 221 Rosario, Manila_Registe,·ed.: March 26, 1936--Te"In: Ten years from April 1, I935- Business: Merchants-Nationality: Chinese -Capital: Pesos 27,OOO.OO"""'Capital contl'ibufed. bl/ ea,cl~ p<wtn.er: Goh Sam, (General partner) Pesos
GOLD ROCK MINING CO., INC. fIead Office: Maniia-Dil'ectOI'S: S. A. Presby, M. Abolafia, Treasurer, F. L. Crawfort, Direct.or , Tomas del Rio, Director, Mariano Conde, Secretalj': Henry Hunter Bayne & Co., Auditors- Balik Refe,·ence: Philipine Trust Company.
TH E COMMERCIAL & INDUST RIAL MANUA L
202
GOLD ROCK MINING CO. Balance Sheet, Decem ber 31st, 1936 ASSETS
UABILITI ES
Mines and Mining Properties ... Fixed Asscrs-Buildings .. Equipment. . . Furniture and Fixtures Current Assets:-Materials and Supplies.. ~h with Developments, Inc Cash in Bank .......................... . Deferred Chargcs:-Or,8anizOlcion Expenses.. ..... . 1> 37,04.5.79 MIDc Exploration and Development 22,327.64 General Ol'crhcad- Mjnc.. 4,507.78 Genera! Ol'crhcadManila.. :1;"3,915.82 I.es~: Interest Collened 105.71 3,810.11
P
},427.87 2,278.6}
505 .52 684.50 'P 23,291.2] },210.72 82,164.21
Capiul:AlJthD'r~.aJ;
2,000 Sh:HCS of no par value. iwmi: 1,418 Shares .. '"........ 1' 332,305.00 Less: Calls Unpaid. .. 158,250.00 1' 174,0.55.00
Capinl Rcsen'c Account
1,195.()()
Chapa Deposit. ....... . Accounts Parotblc ..
8,000.00
' .00
HENRY HUNTER BA YNE & CO., Charttf((i A(f~U'l'mlls. 67,691.32 1'18),2S4 .oo
PI83,2S4.oo
LIA BILITI ES Capital Stock: Authorized, issued, and utstandiog, 4,000,000 shares at P .1O e~ch. .... .. .. .. .. .. .. ... 1~4OO,OOO.OO Less-Stocks in the Trcasury1) ,000 shares.. 1,300.00
ASSETS Currellt Assets: ..\ :p 3), 1)9.30 Cash.. Subscriptions receivable. 406.87 Due from B. H . Bcrkenketter &: Co. , Inc... 96,618.29 414,216.00 Securities on hand 1'S4},380.46 54),380. 46 101.50
Total Current Assets ... Furniture and Fixtures .. Furn iture and Fixtures ..
1'54),<'181.96
Total.
Surplus Per Exhibi t
n..
")98,700.00 144,781.96
1'543,48196
Tora!
CON DENSED STATEMENT OF INCOME AN D SURPLUS FOR T HE YEAR ENDED December 31, 1936 Income: Profit from opc:rations. Prem ium on capital stock sold. Oi vidends recei ved .. Interest earned. MiscellaneOllS .. Total. Expenses: Brokerage.. .. ,. , _..... . Commissions paid on ule of (:lpHa! stock ................ . lnlerest paid .. . .. . . .. . . .. . . . . Bonus to Board of Directors and Financial Adviser....... . Dividends paid .......... . Stamps and transfer {ees .. .
1'1)2,242 ·50 1)0,427.58 ),245.00 91.27 ),)42.20 r269,}48·5S
I' 19,427_24 24,695.11 2,447.44 6,728.00 66,740.17 58}.O5
Sab-ries. Audit fees .. Stationery and office supplies. Postage .. Taxes.. Rent and iighL Listing fee-stock cxch:lf1ge. Telephone and telegraph .. Miscellaneous .. Total. ..
3))·3)
SSO·OO
161 .)2 27.26 101.46 321.80 250·00 127.48 40.%
IU,5}4 61
Net Income for the Year.. Defiei t, January I , 1936··
1'146,813 -93 2,0)197
Surplus. Dcccmb.:r 31, 1936 ..
PI44.781·96
PHIUPPINES Geophysical SUJ"IIell.-Approximateiy 4
c1aim~
in the area adjacent to the main shaft have been surveyed. Buck-RiUo Claims-The owners of this property claimed that our Gold Rock claims overlapped their claims. Our lawyers investigated this matter and informed us that our claims were registered some time before the Buck-Rilla claims. However, it was desirable to take over the BuckRillo claims especially as our main shaft was very (lear their property and should the veins we uncovered dip to the south they would soon run over
into the Buck-Rillo property.
Upon recommen-
dation the oll8ina] incorporators of your comp9ny deeided to buy the Buck-Rillo interests and have
turned these claims over to your compan\y.
This
gives your company five full and seven parts, entirely new claims. Sauter-Dia1'eh Olaims - This group consists of 15 claims at Batobnlani. Your company has an option to purchase these claims for Pe~os 15,000.00 at any time. H~wever, ~ development work has been done on thlS group up to the present, as it was considered more advisable to concentrate in the Talusan group and develop tHis property first. The contract with Deveiop'ments, Inc. includes the services of the Staff of Developments Inc. with Mark E. Hubbard as Supervising Engineer and D. G. Coplen as Engineer in charge of operations. Mr. Coplen resides in Paracale and visits the mine at least once every day. Mr. Mark Hubbard visit~ the mine once or twice each month spending several days on the property to each visit. Developments Inc. purchases all supplies and makes all disbursements and relieve your Manila office of all mine operating details. The Gold Rock Mining Com]lnny'~ property is situated at Sitio Talusan, Barrio Dllgans in the Municipality of Pal'acnle, Camarines Nort: which is almost five kilometers east OD Batobalani 'Barrio. A motor rood from Batobalani to the mine is being built but at present the property is best reached by motor launch vin the Malaguit River. The shaft area is at an average elevation of about 50 feet above sea level. In 路t he western section of the surveyed area the .ground rises to an elevation of 860 feet 01' more. This high gt'ound is covered with a fair growth of timber but the remainder is chiefly rice land and coconut grove!!. Some pits, tunnels, shafts and trenches were dug years ago by prospectors but these workings have caved so that it is impossible to investigate them. A two-compnrt-
203
ment shaft is being sunk in the camp area and near several interesting outcrops. A complete mining plant has been installed and a mine office, bodega and houses for workmen completed. A crew of 35 to 40 men is at work on the property. It is presumed that the Gold Rock property is located in an area where the granite intrus:ive of the district is close to the gurface. The crest of this intrusive appears to have a north-west south-east trend and is partly overlain by -andesi~ and metamorphosed sedimentarie9. Much andesite float was noted within the surveyed area. The overburden is heavy and the only outcrops found are in the shaft area where structure~, due to theil' resistance to weathering, have formed a ridge. GOLD SHARES, INC. He(~d Office: 76 Escolta, Manila, PhilippinesRegistel'ed: September 27th, I935-Business: Investments; Buy, Sell and Operate Mines-Nationality: American-.4uthol路ized Capital: Pesos 2,000,OOO.OO-Paid-i1t Cal)ital: Pesos 833,242.30-Pri1tci_ puis : B. H. Bel'kencotten, President, Charles A. McDonough, Vice-President, H. A. Linn, Secretary, W. R. Jeeves, Francis Lusk, George W. Porter, E. J. Sanderson-Bank Re/el'ence: Philippine Trust CompaJ?Y. GOLD STAR MINING CO., INC. Head Office: 3}.} Cal'l'iedo, Manila-Registered: J anuary 28th., I937-AuthOl';zed Capital: Pesos 2,000.000.OO-Pal' Value; Pesos O.lO-Subscribed Capital: Pesos 400,000.OO-Paid-in- Capital: Pesos lOO,OOO.OO-DiJ'ectol路s and h!col'pomtol's: Fulgencio Borromeo, Jesus Cacho, Clemente Hidalgo, Carlos A. Barretto, Jose Ma. Cacho. Location (tml Accessibility-The property consists of 30 full lode claims situated approximately five and a half kilometers west of kilometer 73 on the Bontoc Road, Mt. Province. It li es in the barrio of Bactafigan, to be approached by cal' on the Ampusufigan Road. Thi s road is decently passable at all times, and constant improvement is bei~路 done by the Kilometer 73 Mining Company, and the Gold Star Mining Syndicate. The group is bordered on the north by the Ventura Mining S~'ndicate. on the west by the Padua Group. TypogralJhy-The claims ure located on the west bank of the Ganbang River, the mountain over which they spl'ead rising to an altitude of 4000 feet from the bed of the river. The proposed Ampusung-an Road winds through the property in a gen-
THE COMMERCIAL & INDUSTRIAL MANUAL
204
erally northwcst direction, offering the easiest ac~ cessibility possible. The main ridge, running almost due north, contains the northwest portion of the property; and its a brupt rise favors convenient tunnelling.
Geology-The countr~ rock is granite and andes ite, the latter varying at places in texture and color. The occulTencc of the granite shows that it is younger than the andesite, as is evidenced at the contact of the two; the andesite shows the effect of the heat and pressure brought to bear by the intruding g ranite. Along the cuts made for the trail and in some of the blank trenching done in the Jll'operty wedging of the granite info the andesite is also shown. Several fragments of diorite were found mixed with the wI us, but the existence of diorite can1\ot! be definitely ascertained, due to the lack of an cVicJ..ent formation in place. RecommendatiQ!18-Stop aU present working heads. The existing tUnllels givo the impression of having been driven poorl y\and without definite objectives. A contour map with 20 ft. intervals should be made around. Tu~nel No. 17, and Level No. 100, and Pio-Pio-An Slioe extending at least 100 ft. , above and below the ~unnel openings. On this map should be located all openings and all vein exposures. We think it advisable that you install equipment for Compl'essed Air Drills, and suggest the following a s meeting your immediate needs; I. 2.
P on"bl" ComprC580r-"Two Drill Size. Di C$c l En!!inc or S"mi·OiC.!5d ~o tit;',,, t h" !on'c, bly"'·-Delt."
prrl .... ',,-
3.
1 J nck Illunmer. 4. 12 Lcngth8 118 " H allow Drill Steel ( Note-Drill ~I"cl rnaylx: eilher Hex""on or Qu",,""Octallon, prelerably the )aUer. 5. I Sct or tool, lor hnnd·sho.pcning the Etecl. G. I Lenll!h 3/4 "Air Drill H 08c" 1. I Eq"ipzncn~ for Ulncb mith shol' ~ "oh n~ ,\, ,,·il. forgee tool~,
etc.
You will also need a certain amount of spa re parts for your jack-hammel' as well as pipe for the compressed air, but the Com puny supplying the equipment will make your recommendations about this. The compressor should have its receive)', and I especially recommend that you only buy a compressor, and an engine that have radiations and fans like on automobiles, because you may find it hard to secure cooling water, and the type mentioned }'equires a minimum of wuter.
Conclusion.-The )'II"0gerty is still distinctly in the prospecting stage and, as yet, there has been no definite ore bodr developed.
H owever, the existence of tWCl well-defined veins and one as yet undeterminate exposures warrant a more intensive development campaign. Both geologically and geographically the elaims are well s ituated. YOllr nearest neighbour, the Suyoc Consolidated Mining Co .. is just across the vaUy. This nearness to a producing mine makes the territor;\' interesting, and s uggest mOl'e intensive prospecting in search of other veins, than those alread~' found. Finally, and probably the most important of all , a competent resident superintendent should be put in chanrge of the work. He should fronl time to time, have the advise of an engineer conversant with sdch work.-(Sco.) FREDERICK MACCOY, i11iniJlg Enginee)·. GOLD STREAI\"l MINING CO., INC. P)"inci1m{ Office: 306 Ch Unjieng Bldg., Manila, Phil ip pines-Regi8tered: Septembel' 20 HI36-Term: 50 years-Bu8ine88" Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing for market, Manufacturing, and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Limeslone, Ores, Metals and Minerals, ete.-Natiou{}.lity: Filipino-Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 each-S1Ib8c)'iblld Capitltf: Peso!l 276,156.00-Cap. ital Pa,1·d .. Pesos 137,4 17.50-hlcol·pol·atQ1·8 (md Di)'ectQ1's: Jose Edllque, Alberto V. Garcia, Salvacion F. Eduque, Lamberto V. Leiva, J. R. Bogayong, Felix Feria and Juun H. Acayan. (Felix Feria and Juan H. Acayan, are directors only)-TI'easul'er: Salvacion F. de Eduque, Manila, Philippines. GOLDEN BROKERAGE & PROMOTION CORP. H ead Office: 312 Ri7..a1 Ave., Manila-Registel'ed; October 9, 1936-Term: 50 years-B1I8iness: Promoter, Manager, Agent, Administrator and Representative - Natiollality.. Filipino - Capital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 each-Sllhacribed Callital: Pesos 22,200.00-Ca.pital Pa.id; Pesos o,550.00-11!corpol'atora and Director8; Hwnbelina Tantengco, Juliana ViJlacorta, Loreto Madarang, Eu~ebio 1\1. Agonias, Silverio E. Diaz .end J esus Tantengco. (Jesus Tnlltengco, is an incorporator only)-Trea81l.rer: Juliana Villacorta, l\feycauayan, Bulacan.
PHILIPPINES GOLDEN GATE MINING ASSOCI ATION Head Office: 5th Floor, Insular Life Building, Manila-Business: Mining-Established: Au_ gust 15th., 1936-Subscribed Capital: Pesos 500,ODO.DO- Pa,- Value of U1tits: Pesos 1,000.00 per unit--Telegraph: "Danon"-P1'incipals: R. M. Rankin (Mgr.). Rafael Corpu9, Charlef: A. McDonough, Julio Danon-Bank Reference: Philippine National Bank.
GOMBA & HERMOSURA Head Office: 541-545 Sales, Manila - Nationality: FiJipino--Busine8 s: Paper Denler5-Established: February, 1919--Paid Up Capital: Pesos 197 ,600.00-Teleu?"aph: Gombhermos-Codes: Western Union Bentley's & Private-Principals- Pablo
205
L. Gamba, O. Hennosura-Bank References: Philippine National Bank, National City Bank of New York. J. GONZALEZ-IMPOR.T & EXPORT Head Office: 322 Misericordia Street, P. O. Box 2488, Manila-B1'.mchcs: Cebu, I1oi10, etc.Kobe, New York, Leipzig, Istanbul (Turkey), Barcelona, Etc.- Natiollality: Spanish
A ,qfmcics:
B ltSiness: Importers, Exportel's, Indent Merchants - Establ-iSMd; 1917- Private Firm_Proprietor : J. GonzsJez-A ltthO)'izell and Paid路in Ca.pital: Pesos lO,OOO.OO--A?UU/.al Tlt1'l1ov (l,': Pesos 225,000.00RescJ've; Pesos 10,000.00- Telegmph; "Josgonzal" Bunk Re!e1'ence8; Philippine Trust Company; Philippine NatiOl181 Bank etc
GOLDEN GATE MINING ASSOCIATION
Gomba & Hermosura 541-545 Sal.s, Manila
5TH FLOOR, INSULAR LIFE BUILDI NG
Philippine Islands
MANILA
PAPER MERCHANTS
MINING
I, Telegraph Adr.: "GOMBHE~MOS"
III
I'
TELEGRAPH
Codes:
"DANON-MANILA ..
WESTERN UNION
BENTLEY'S
&
'. ADDRESS:
III
PR I VATE
I J . GONZALEZ 322
MISERICORDIA STREET--MANll.A
IMPORTER- EX PORTER-INDENT MERCHANT - - - - 0 - -_
Philippint Gmtral Product.I Reptile Skins (Tanned & Raw); Buffalo, Horse & Cattle Hides (Raw & Dried} Native Gums (Elemi & Copa!); Hats & Fj~res; Essential Oil of Ylang-Ylang ( Own F~ctory); Kapoc; Manne & Forest Products, etc.
THE COMMERCIAL & INDUSTRIAL MANUAL
206
J. Gonzalez, with a background in all Philippine. Minor Pl'oducts, has been dealing therein for the past 30 year~, specializing in Reptile Skins (tanned alld raw) Buffalo, Horse & Cattle Hides (raw & dried), Native Gums (Elemi & Copal), Hats & Fibres, Essential Oil of Ylnn g- Ylung (own fnctory), Kapok, Marine & Forestal pl"oduct~. Derris Roots (insecticide) coconut shell charcoal (fol' gas-masks), Raw Rubber, ere.
GONZALO CHUA GUAN & COMPANY
Head Office: No. 477 Nuevil, Binondo, l\hmilaRcgistemJd: September 4, 1936-Tc"/n: Three years, beginning August 31, 193G-Busincss: Merchants-Natio7ll'llity: Chinese-Capital r.ontributed by eaoh 1)(J,1'tneT: Gonzalo Chua Guan, Pe::ns 3,DOa.OD Lee Ahe Chin, Pesos 3,000.00; Chu Eng Sun, Pesos 3,000.00; Yam Chee Chu{,ln, Pe!>os 3,000.00; Ng Yao, Pesos 3,000.00 ~ Manager: Gonzalo Chua Guan. GONZALO PUYAT & S~NS, INC. Head Office: 219-229 Sqlana St., W. C., Manil'J., Isln路n ds-Nationality: Filipino.-Bl!siPhilippine ness: Manufacturers of Wo~ and Rattan Furniture, Iron Beds, Bowling and\. Billiards, Importers of Hospitnl nnd Surgical EqUJ.,rments and Instruments, Billhlrd and Bowling Supplies, etc., OperatOl'!> of Lumber Concessions - Established: 1912 (I'l ead Office); 1923 (Manila; 1936 (Baeolod, Neg. Oce.)-Authoriud Capital : Pesos 400,000.00-Paid Up Capital: Pe:;;o~ 134,100.00- Pur Va.lue 0/ Sh(lj'es: Pesos 100.00-.4nnl!ul TIITltoVl'I-: Pesos 400,000.00 to Pesos 500,000,00 路 - Reserve: Pesos 370,000.00- Telegraph: "Gonpu"-Codes: Bentley'!' -Prillcp<t/s: Gonzalo Puyat, PJ;esident and General Mnn-nger; Gil J, Puyat, Vice-President and Assistant Genernl Manager-Bra.nches: 628 Rizal Ave" J\'lallila; Baeolod Neg. Occ., P. I.-BanI, Re/enmces: I'hilippine National Bank, ]Iilanila; The Bank of Ihe Philippine Isl'<lnds, Manila_ Historical Notes:
The busines!! of Gonz.alo Puyat & sons, Inc. wa::; started by Mr. Gon7.alo Puyat 25 year9 ago, He opened a small billiard shop and worked his way About eight years later , he undetrtook the up. manufacturo of wood -and rattan furniture, bowling alleys, billinrd tables, barbel' chairs, dentists chair~, invalid chairs, beauty partlor chairs and phonograph cabinets. The business of Mr. Puyat has expanded considerably and in December 31, 1924, it wa~ incorporated. The Gonzalo Puyat & Sons, Inc. is well known today not only throughout the Philippine Islands, but also in thc Far East, Hawaii and in the United States as one of thc foremost Filipino business firms, GOOD MORN I NG COMPANY, I NC, Head Office: 744 Tabora, Manila, Philippines - Registered: June 2, 1936 _ TCl'1Il: 50 years -Bllsiness: General Merchandise - NatMnality: Chine~e Ca,pital Stock: Peso$: 80,000.00 divided into 800 shares of the par value of Pesos 100.00 each - SubSQribed and Paid-in Ca,pitaI: Pesos 80,000.00-lncorpomtors and Directol's: Tiu Peng Hong, Chua Tee, Tiu Yao, Chua Tuan and Gregoria Tan de Chua Tee-Treasure)': Tiu Pcng Hong, 744 Tfbora, Manila. GOODRICH I NTERNATIONAL RUBBER CO. head Office: Manila, P. i., Corner Cunonign -and Pefiafrancia - Branches: Iloilo, 20 Santo Nino Street, Cebu, Pond Deen Building-Natiol!aliy: American-Business: importers of tires, and tubes fOI' motor vehicles, busses, passenger cars, and airplanes; mechanical rubber goods for industrial purposes such as air hose, steam hose, water hose, etc; transmission and conveyor belting, pucking, etc; druggists' and medical rubber goods; hard rubber goods, batter>, containers, etc,; chemical goocis, boots and shoes; and automotive accessories- Tcfegl'aph: "SiltonC'o"-Alf standard Code8:-Bunk Re/erence: National City Bank of New York.
GOODRICH INTERNATIONAL RUBBER COMPANY ILOilO
~O(ANILA
P. 0 , BOX 1482
Telephones: 5-69-71, 2, , GCODRICH SIlVERTOWN TIRES AND TUBES MECHANICAL GOODS-HOSE, BELTING, HARD RUDBER GOODS, BOOTS AND SHOES.
CEBU
PHILIPPINES GOODW1LL COMMERCIAL CORPORATION Hea.d Office: 326 Misericordia, Manila, Philippine Islands-Nationality: Filipino--B1UJiness: Importers of Electrical Supplies, Hardware, Sundrie9; Exporters of Gum Elemi, Gum Copal, Buntal Fiber -Established: July 20, 1934-Authori%ed Capital: Pesos 49,900.00-fbid Up Capital: Pe!;os 49,900.00 -Annual TUl"notler: Pesos 200,000.00*-Tclegraph: "Welcome"-Codes Used: Oriental 3 Letter, Bentley's - Directors: Vicente R. Verzosa, Victorino Arambulo, Mrs. C. M. De Verzo$a, Mrs. C. N. De Arambulo, Mi!;s L. Enriquez - Bank Reference: Philippine National Bank, Manila P. I. GOODYE.~_R TIRE & RUBBER EXPORT CO., LTD. Head Office ' Akron, Ohio, U. S. A.-Manila Head Office: Magallanes Landing, Intramul'os, Manila Philippines-Branches: Cebu and IloiloNationalit·y : American-Business: Automobil e Tires; Rubber Goods-Established: 1898 in Akron, Ohio-Telegraph Ad,·ess.' Goody~ar-Ma1tila Managewent: C. C. Crittenden, Manager, \V. L. Bunnell, Office Managel·.
THE
207
Filipino -
milo
Capital Stock: Pesos 25,000,00 divided 2,500 shares of the pal' value of Pesos 10,00
each-Subscribed. Capital: Pesos 5,780,OO--Capitlo:il Palid: Peso!;'. 1,655,OO-lncorpol'ato/'s alld Di)'ectrn's: Felicisima J. PatacsiJ, Fidela V, Samonte, Policarpo J·ardiel, Pedro P. Colina, Vicente Mercado, Abundio Aquitania, Maximo Garcia and Francisco Cavestany, (Maximo Garcia, is an incorOl"ator only)-Treasurel'; Felicisima J. Pat.acsil, 1086 R. Hidalgo, Manila. CRA WF'US MINING COMPA NY H ead Office : 702 Insula r Life Bldg., ManilaR egistered: May 11, 1936-Tel-m. : 50 years-Busi.'IIC.~S : Genel"dl Mining Prospect and Explore,
GOTAUCO & COMPANY, Il'\C. Head Office: 214 Soler St\rot, Ma.n ila, Philippine Islands - NationaLity: Fi)ipino _ Bw,-iness: Local Wholesale and Reooil Philippine Lumber Dealer and General Contractors.; and Exporters of Philippine Hardwood-Establislud: 1885--Capital: Pesos 1,000,000.00 (Paid Up) - Pcw Value of Sha"e8: Pesos 500.00 - Teleg/'up": "Gotauco"Cocks: Acme--T?'ade Mark: G'DCO _ Prillqipals: Go Kek Ling, President and Genellal Manager; John F, Gotauco, Vice-President and Assistant General Manager; John Go Hiap, Treasurer; I sidoro F. Foju9, Secr etary; Directors: Federico Go Tua and Go Cam Hi.-Bank R efere'tcc: Chartered Bank of India, Australia & China, Manila. GOW CHIONG & COMPANY Head. Office: 412 Fundidor St., Manila - R egistered: December 26, 1936 - Term: Five years, from December 15, 1936----B1(.Silul8S: l\'ianuf-actul'ing -Nat'ionalitIJ: Chinese--CapitaL: Pesos 18,288.00Capital conltributed by each partner: Cow Chiong, Pesos 8,709.00; Lim San, Peso!; 8,709.00; Wy It, Pesos 870,OO-Managers: Gow Chiong and Lim San. GRAND CENTRAL INSTITUTE, INC. HOOd Office : 1086 R. Hidalgo, Manila-Registered: January 10, 1936 - Term: 50 year~_8usi_ nus: Vocational Courses; Stenography, Bookkeeping, Typwriting, Accounting, etc.-Nati01lality:
.\ I" donl <om",,,c,. / hOld lou!<d ,n lb. hu" .... «ow of rh. e"T of l<hn,",
G REAT
':A~'ERN
IIOTEJ.
Manila , p, I ,
208
THE COMMERCIAL & INDUSTRIAL MANUAL
Develop, P urcha se, Sell, Lease, and Opel'ate, Mines and Mining Claims, Either Lode or Placer, etc.Nationality: Filipino _ Capital Stock ; Pesos 2,000,000.00 divided into 20,000,000 shares of the par value of Pesos 0.10 each -Subscribed Capital: Pesos 400,000,00 - Capital Paid; P esos 273,3 10.00 _ IncO'rpO'l'ato'1'8 amd Vi)'ectol's : James Sycip, E. M. Grimm, Vicente 1\1. Hil ario, Augusto Valde<; and Daniel Ma. Gomez-.-Trea81ITer : E. M. Grimm, Cordeieria, Manila. A. B. GR UN I NGER & COMPANY
Head Office: Manila-Business' Importers and E xporters-Established: August 11 1937-Capital: Pesos IS,OOO.OO-Capital contl"ibt!.tcd by each pU1'1ne)'s: George M. Sternberg, Pesos 5,000.00: Juan Pon!>, Pesos S,OOO.OO- MamBgC)'." Adalbert B. Gru ninger. GUAGUA RICF. MIL\., INC. HealZ Office: Guag\ m, Pampanga-Reglste)'ed: August 18th., 1937- A lhhorizcd CU1)ital: Pesos 60,000.00-Sub scl"ibed Cup~al: Pesos 12,000.00Paid-in Capital: Pesos 3,OOO.OO-Incorporators : E steban G. Lapid, Dr. Felix Coro{,el, Agripino Limson, Emi terio Reyes, Lim Heng, Margarita Ibarra, Marcelina Leoncio, Epifania V. de ~raullo, Consolacion G. de Roque, Gregorio A. de Mercado, Esperanza Calma and Brigida Dizon.
GULF TRADJNG COMPANY, INC. H ead Office: 527 Alvarado, P. O. Bo:< 1354, ManiJa-Brame": Davao-B1tsiness." Hemp Exportcrs- Estabfished: April 1st., 1936-P1'incipal8: Lo Giok Chit, President and General-Manager, P. Tan P en, Vice-Presi dent and Branch ManagerWUIl Yao Sek, TI'easurer-Capital: Pesos 90,000.00 - T eleg)"{f/ph: Gulftrading-Batrk Re/erenctJ路 p} {, ippine National Bank; National City Bank of New York. GULONG GOLD MINE S CO., I NC. H ead Office; Room 304 Kneedler Bldg .. Muniln - R euistered : November 2, 1936--Tc)'m ; 50 yearg - Business: Mining, Placer Mining, Milling, Concentrating, con vel'ting, Smelting, Treating, Preparing for market, Manufacturing, Buying , Selling, Exchanging, Producing and Dealing in Goid, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Manganese, Limestone, Orcs, Metal! and MineralsNaticnwlitll: Filipino _ Cal)itul Stock; Pesos 100,000.00 divided into 10,000,000 shar es of the par value of Pesos 0.01 each -SubSC"ribed Capital :
Pesos 81,450.00 - Capital Puid: Pesos 30,525.00/1teo?'porato'l"B and Directors: Cirilo B. Santos, Alfredo M, Santos, Felix Muiioz, Marcos B. PaJ.ad, Numeriano S. Aldaba, Fortunato B. Cruz and Nicanor P. Nicolas-Trealllu'er: Alfredo M. Santos, Norzagaray, Bulacan. GUMAOS GOLDFIELDS, IN C. H ead Office: Paracale, Cam. Norte _ Branch Office: 2nd Floor, Wil son Building, 143 Juan Luna, Manila-Nationality: Filipino-Bu.sine8s : Mining -Principals: Felipe Buencamino, Jr., President and Mannging-Di. , etor, Froilan Pime ntel , Vice-President & Director, George C. Dankwerth, VicePresident and Director, Juan L, L edesma, Vice-P rel:ident and Director, Jose B. L. Reyes, Secrel:lary路 Treasurer and Director, O. D. Arriola, Treasurer. J esus G. Bal'r era, Assistant Secreta r y-Treasurer and Director-Established; Septamber 10th, 193r. -.41aho,-ized Capital; Pesos 1,500,000.00-Pai4-in Capital: Pesos 491,000.00-Ballk R eference: Bank of the Philippine I slands-Unckr Operating Man, agement 0/ Ma r sman & Company, Inc. _ U-ndeT1Urittet~ (l?ld P romoted by: Botelho, Inc. (Sue. to A. R. Botelho). '1'~ the Stockholders: August 31, 1936.-The undenJi,gned hos d eemed it oppportune to submit this Special Rcpor>t to t he stockholder s, particularly to t hose who have become dockholders of thi s Corporation since its r eor ganization on August 17-21, 1936, in order to fully -acquaint t hem with the affairs of the Corporation and status of its business so t hat when it becomes necestary for them to take action in the near fu t Ure, the stockholders may do so with proper and complete knowledge of all fa cts. BmEF HIS'I'OR Y Of' THE CnRPORA'NON Thi s cor poration was organized on October 5, 1934 with -a capital of Pesos 10,000.00 fully sub9Cribed and paid. Upon incorporat ion , it invei!'ted Pe!os 9,600,00 in the purchase and acquis ition from various claim owner s of their rights to the 41 claims a nd 5 fra ctions which constitute the property of this corporation. These claims consist. of two groups, one known :l.S t he "Commonwealth" Group, consisting of 12 claims and () frnctions, which arc located to the North of Paracale-Gumaos Mine, to the South-cast of Sta. Barbara a nd San Mauricil) Mines, to the Northeast. of Sta. Rom and Pinagilawa n Mine!. The other group consisting of 29 claims known as the "M-aning" Group. For fur~ t he particular, refer to Appendh: 1 which is a
;
PHILIPPINES reproduction of the survey of these claims. These claims are owned in fee simple and title to them have been thoroughly examined by Counsel for the .corporation, who arc of the opinion that they are complete and perfect in every detail. On August 17, 1936, and ion accordance with the reconunendations of competent geologist~ and mining engineers, the capital of the corporation was increased to enable a more thorough exploration and development of the claims, especially of those known as the "Commonwealth" Group; which increase in capital was effected on that date and approved by all government departments concern,d. The claims owned by this cOllporation are situated in the Paracale-Mambulao-Gurnaos district. province of Camarines Norte, wherein gold is kno.wn to halve been extracted since the time of Legaspi, and prolxlbly; earlier. From various narratives and legendS! ib may be gathered that the original inhabitants of the regions, and also Chinese and foreign immigrants, panned loose placer materials:. along the creeks and river bank9 in wooden bowls or bateas, while additional placer supply from river bottoms wa's gathered by the use of crudely built dipper dredges of a capacity of 2
209
to 4 cubic meters of materials a day per dredge. The old timers a lso ronk shafts in clay banks in order to reach the underlying placer deposits, and worked alongside the veins to ~ather gouge and broken materials. Later the Spaniards introduced the 7nastre system by which the solid portions of the veins were ground in stone mills moved by caraboas, -and the pulverized quartz panned in the sanw manner as placer materialS! were panned. Remnants of numerous shafts, pits, tunnels and t/l.n¡aBtre patios may be seen in the c1aim!'- owned by this corporation. The claims of the corporation have been examined by competent geologists! and mining engineers and their reports are attached hereto as alppendices. THI..: MAJ.MS'rROM REPORT
Mr. C. C. Malmstz'om, a highly reputed mining engineer, now and for the past two years, one of the engineers in the Mars:man and Company and Head of the College of Mining Engineering of the University of Santo Tomas, conducted an examinations of the claims owned by this corporations and rendered a report thereon dated November 2, 1934, copy of which is attached and marked as Appendix 2.
GUMAOS GOLDFIELDS, INC Incorporated under the Laws of the Philippine Islands CAPITAL STOCK .... . . ... Pesos 1,500,000.00 Divided into 15,000,000 shares of the par value of Pesos 0.10 DISTRIBUTED AS FOLLOWS:UNISSUED .â&#x20AC;˘.... . . Pesos 500,000 ESCROW .... .. ... . . . Pesos 500,000 COMMON STOCK IN CIRCULATION .. Pesos 500,000 REGISTERED OFFICE: S. J. Wilson Bldg., 143 Juan Luna, Manila, P. r. Branch Office at Paracale, Camarines Norte, P. 1.
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THE COMMERCIAL & INDUSTR IAL MANUAL
Summarizing Mr. Malmstl'om's report, he finds-"many old workings of the Chinese and later of the Spani::h, too numerous to mention, many of them of very extensive dimensions." "It !is believed that the "famous old Dona Punny" mine is located within these claims." "Probably no property of the ancient mining operations has '!l more colorful history, nor was believed to have produced as much gold as thi~ famous mine." "The ge()logy of the locality is not involved, being granite matamorphoscd on the top t o a biotite gneiss, th roughout which dykes of probably periodotite and chlorite schists ex ist." " T his conditioll is favor able for the
pl'~enct!
"I' gold in the Philippine Islands."
"If one is to judge t he future p rospects of these claims from t~ numbe!' of old workings, these claims should be most valuoable and worthy of development, a:!' the m ~s t extensive old workings are to be found there," \
"In going over 12 of t ese claims (the "Commonwealth" Group), "I too\ seven samples from seven different veins and outcrops which ga"e assay returns ranging from Peso 2.80 to Peso!' 56.00 per ton, the vein s themselves varying in width from 2 to 6 feet. One sample taken by a native from -an outcrop on the surface and given to me for examination a ~s ayed Pesos 760.00 per ton." "The timber nece~snl"y for any kind of work relating to milling is to be had right on the property. There is also plenty of water available for all purposes." "Due to the tOI)ography of the surrounding sen to PUI'"a cale, or b~t a ShOl路t road connected with the Provincial road to Mambulao." "All samples taken were highly encouraging and I believe that your claims warrant extensive future development." REPORT OF On. E. 1\"1. DE VILLA " I have no doubt that you posse拢s -a very valuable property which I can confidently recommend you to develop."
路1
REPORT OF' DEVEI.OPMENTS, I NC,
Mr. Roger W. Clarke, President of Developments. Inc., who conducted a geophysical exploration of the property Quring May, June, July and August, 1936, reports :
"Approx imately 3 to 4 of the cla ims have been electrically prospected , th is prospecting including parts of "Bill Hare", "Bill H-awe::", "Bill Cutting", and "Dolla Punny", claims, all very close to the Paracale-Gumaus shafts." UI n substance, at least 5 interesting northsouth structures have been located and several important looking North-Ea!'t and East-West structure9 defined." "The first samples t.nken in May were disa p pointing (nil goldent assa~') , but assay retur ns f r om 24 snmples tuken about -a week ago wer e more encouraging. Six of t hese sampl~ a9Sayed fro m $1.65 to $8.27 gold per ton, old value." " I n the light of recent information it appears that -th is proper ty has sufficient possibilities to warrant ful l explol'8tion." The full report of Developments, I nc., with maps, on file in our ,?obin Office open to t he inspection of any stockholder. A fac9imile of t.he map prepored by dcveiopment拢, I nc., is at.tached as Appendix 4, THE B. D . GOODI"F:R REPORT
"As pel' your request contained in your letter of August 27th, I have examined twenty-nine claims of the Gumaus Gold l\l inin.l!: Co., constituting the "Muning" group and herewith submit. my r~por t . indica tons are that. with the possible exception of l\19ning No.2, 3, and 4, a\1 the claims are underlnin with peridotite and have no value as gold prospects at the pl'e~ent time." "These claims are not. valuable as a gold prospect at the prcscnt t ime. T he only possible va lue will depend upon future work done by mines already under development in this District." "Near the con~act, it. is po:!'sible that this peridotite is not of ulll'easonable thickness and that vein s may exist in the granite below." " I recomnllmd that nothing be done with this p"operty at the present time unless it can be turned to some other company for exploita~ tion." Mr. Goodiel"s full report is on file at ow' Main Office open to the inspection of any stockholder. A GOVE!tNtln:NT GEOLOG IST'S CoNFIDENT IAL REPORT
"Our general impression of the Gumaus Mining claims was that it is likely to be a good pr operty as the hca"ily minerali:r.ed section of
PHILIPPINES Paracale-Gumaus Mine appears to extend down into it funning in the genel'3.i direction of the seacoast at GwnauS' Bay. It also appears likely that the quartz sand may contain a considerable amount of f l"ee gold and th{lt certain areas would well repay extensive placer testing." This .confidential report is on file at our Main Offices and open to the inspection of our stockholders. FINANCES AND PRESENT PROGRAM OF WORK
We have sufficient cash on hand to undertake the development work directed by the Directors at their meeting on August 21st. A camp and residence for /the staff as well 39 for 100 laborers is now being laid out and built in the property and it is expected that these hou~es will be ready for occup.ancy before the end of September, 1936. We have started work on pro;;pecting tunnels, open cuts, and trenches, and it is expected that before the end of September, a more definite idea of the proven values of these c:laim~, especially those constituting the "Commonwealth" Group, will be available and known. Meanwhile the company conducting placer mining operations which are expected to give encouraging returns, beginning next month.
V
FUTURE PLANS OF THE COMPANY
As soon as the values of these claims are proven by the preliminary exploration above outlined, it is intended to proceed promptly with the blocking of all I3.Teas and the construction of a mill. Several courses of action are open to us. the pre~ent time your President hal; been to conferences with other parties and is consideration to nmT'Oo"itions coveringAmalgamation with anyone of the existing mining companies; 2. Option~ on exploration work and management contracts with well-known management firms; and 3. The reorganization of this Corporation by i~creasin~ its capital ~tock to whatever amount may be necessary for its proper development and exploitation.
At invited g iv ing 1.
Felipe Bucnromino, Jr. P!'esident and Ma1d!Jging Direotors
Report of C. C. Malmstrom, Mining Engineer: Complying with your request, I made a brief
211
visit to the claims held by you and your asrociate~ and hereby render my report on the same. Location. This property consisting of 40 lode cl a ims is located in or neal' the barrio of Gumaus, municipality of Paracale, Camarines Norte, about half way between the towns of Paracale and Mambulao, and is reached either by water or over good trail~.
History. Within the district of these claims are to be found old workings of the Chinese and later Spanish, too numerous to mention, many of them of very extensive dimensions. The famous old Dona Punay mine is believed to be located within these claimS', at lea9t the legends of the oldest natives around there claim this to be so. Probably no propel路t.y of the ancient mining operations has a more color ful history, nor was believed to have produced as much gold -as this famous minf'. Philippine historical data and native legends claims that this locality was worked continuously for over .a cent ury, and that it produced over two million ($2,000,000) dollars. Geology. The geology of this locality is not involved, being a granite metamorphosed on the top to a biotite geneiss, throughout which dykes of prol::iably periodotite and chlorite schsist~ exists. From ,.,hat I can leam this conditions is favorable for the presence of gold here in the Philippine Islands. If one is to judge the fut.ure prospects of these claims from the number of old workingE, these claims should be most valuable and worthy of development, as the most extensive old workings are to be found here. In t.he short space of time I gave to the examinations of these claim~ it wa~ impossible for me to -covel' the entire 40 claims, but did go over 12 of them which I ,took seven samples from seven district veins and outcrops, and which gave assay returns ranging from P esos 2.80 to Pesos 56.00 per ton, the veins themselves varying in width from 2 to 6 feet. One sample taken by a native from outcrop on the S'urface and given to me for examination assayed Pesos 760.00 pel' ton. The timber necessary for any kind of work relating to mining is'. to be had right on the property. There is also plenty of water available for all purposes. Due to the topogl'uphy of the surrounding country, transportation will be cheap either to the sea to Paracale, or by a short road to connect with the provincial road to Mambulno.
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THE COMMERCIAL
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I will not describe individually each vein sampled'. But suffice it to say that all samples were highly encQuragi'ng, and I believe that your claim!路 warrant extensive future development. Paraoale Camnrines NOl'lte, November 2, 1934. Report of E. M. De Villa. GUl\IAOS GOLD l\11NING CoMPANY'S AREA
Accompanied by Professor Beyer -and MI'. Botelho, I visited this area last Sunday the 26th July 1936. My opinion on. this area is as follows:Access to the property may be had by the road built by the Paracale Gumaos Gold Mining Co" the boundary between the two propertiet being only o.bout a hundred meters or SO from the power house and office of this company; but e-a~;:ier access would be from Gumaos Bay. It would require a good road, tlot more than one mile in length, which would cost more than Pesos 2,000.00. 'rhere is no development work of any value yet done Oll the property, al路 though there exist many old test pits and ancient workings. One smali tunnel has been commenced, but thi s runs approximately parnllei to the vein. I was personally able to note three veins on the area
INDUSTRIAL MANUAL nil running approximately north a few degrees east, and these veins -are undoubtedly contim:ations of the veins being de\'c\oped on the ParacaleGumnos property immediately to the south, with this difference. that the veins originate on the Pnrncnle-Gumaos property, and become more ~trong颅 Iy developed on your arca, they I'un right through your property continuing out to sen, to the north. The best vein on the Parocale-Gumaos property is known n~ the Waterfull vein, and this vein mny be traced right across your property. The sa me may be said of the Emerald Vein, but this last vein becomes much more important in your area than in that of the Parncale-Gumaos. A centrally located shaft site is available for future development work which would connect up wit h crosscuts the numerouS! veins on your property. A suitable mil! site is available adjoining the site, where there is plenty of room for expam!ion and for the disposal of tailings. J have no doubt that you possess a very vuluable property, which I can confidently recommend you to develop.
HAIR
Gutierrez, Guttridge & Brimo
GENERAL BROKERS
Cable Address: "GUBRI" &
PICORNELL
- - -x- - -
Srock & Share Brokers
Code Used: Bcntle(s
&
Members of Manila Srock Exchange S. J. Wilson Bldg., 142 Juan Luna
Private
Tel. Address: "Brokerage" Tels. 2-18-44, 2-18-45
P. O. Box 389 102-106 Calle Nueva, Corner Escolta
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P. O. Box 1479 2-18路46
Pril'nt( ExciJangr Crmmclitlg al/ Dtpn"tlllwtJ
Manila, P. I.
2-12-92
Office Telephones: 2-35-22 ( 2-35-23
Exchange Telephone: 2-12-63
I
Correspondents Correspoadents New York Honolulu & Chisholm & Chapman San Francisco Loadon Deaa Witter & Co. Shaw & Co. Also CORRESPONDENCE in Hongkong Shanghai & Singapore
PHILIPPINES GUTIERRES AND COMPANY Head Office: 419 Dasmariiias, l\1anila-Nation~ ality: Fiiipino-Registel"ed: October 26, 1937-Business: Customs Brokers-Capital: Pesos 5,000.00Capital cOlltribl,ted by each pal"tne,-.' Puirino A. Gut.ierres, Pesos 5,000.00; Roman de la Dingeo, Industrial - Manag e)': Roman de la Dingeo.
GUTIERREZ, GUTTRIDGE & BRIMO H ead Office: 102-106 Calle Nueva, ManilaNationality: Spanish-British-B1Isiness: Stock Brukers-Established: 193G-Unlimited Partnenhip between Francisco Gutierrez Saenz, Albert S. Guttridge and J oseph A. Brimo- Authol·ized and P widin. Capital.: Pesos 100,000.00-CorJ·esponMnt: in Hongkon g-TcleUJ·aph: "Gubri' L-Ban/c Refe)'ence: Hongkong ·a nd Sha nghai Ban gking Corporation. F. GUTIERREZ SAENZ, INC. H ead Office: 9 P~aza Moraga, Manila-Registtl7ed: July 31, 1935-Term: 20 years-Business: Brokerage-Nationality: Spanish-Capital SUlck : Pesos 100.00 divided into 10 shares of the par value of Pesos 10.00 each-Subscllbed and Paid-in Capi. tal: Pesos 100.00'-lllcorpor/ltors and Directo)'s:
213
Jose Ma. Amusategui, Joaquin Orio, Francisco Gut ierrez Saenz, Luis Gutierrez Saenz, Luis Esteban Anguita and Alberto Kaufmann-Treasul'er: Jose Ma. Amusategui, c/o ElizalQ'e & Co. , Manila. GUZMAN AND COMPANY Head Office; 679 Echague St., Int. 81, Manila Business: Fish Merchants-Nationality; FilipinoCapital: Pesos 36,OOO.OO-Capital contributed by each partner: Donato C. Guzman, Pesos 20,000; Felix G. Santos, Pesos 7,000.00; T . Uyehara, Pesos 5,000.00; S. Yamagata, Pesos 4,000.00-Manager: Donato C. Guzman.
GUZMAN F ISH ING H ead Office: 679 Man iia, Phili ppinesneS8: Wholesale fish
CORPORATIO N, INC. Echaguej Tnt. 81 San Miguel, Nationality: Filipino-B1(siDeaiers-Capital: Pesos 40,OOO.OO-Capital Contl'ibuted of each 8tockholder: Donato C. Guzman, Pesos 20,000.00; Mateo. de Guzman, Pesos 6,500.00 j Lourdes Guzman, Pesos 3,500.00; T. Uyehara, Pesos 9,000.00; T. Tamashiro, Pesos 1,000.00-PI·esident alld Manager: Donato C. Guzman-Ba,~k Reference: Bank of the Phiiippine Islands.
HOME OF QUALITY APPAREL IN MANILA IT'S
HAMILTON-BROWN -w h er e
eve ry
squ are
inch
of
spac e
IS
refreshingly
AU-CONDITIONED MEN WOMEN
Shoes-Quality Haberd ashecy-Tailoring Shoes-Hats - Gowns-Lingerie- Hosiery and Elizabet h Arden's Beauty Products.
CHILDREN Shoes- Play Suits- Hats-Caps and etc. Philippine DistrihlttorJ
OHHKOSH TRUNKS and LUGGAGE I09-III BSCOLTA
MANILA. P . I.
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THE COMMERCIAL & INDUSTR IAL MANUAL
HA CA RI N DAIRY FAHM, INC. H ead Office: 465 San V icente, Manila-Nation ality: Filipino.-BlIsiues8: Dairy Farm Operatorsj Dai ry Products Dealers-Established: September 28, 1937-Capital Stock: P esos 200,000.00 divided into 20,000 shares of the par value of Pesos 10.00 eaehSubscribed C(1)ital.- Pesos 55,OOO.OO--Capitat Paid: Pesos 36,OOO.00-hlcol·pm·ators: Vieente Araneta, J. Antonio Araneta, Ramon J. Araneta, Rita Valdes de Araneta and P az Zaragoza de Arnneta. HAIR & PICORNELL Head Office: S. J. Wilson Building, 142 Juan Luna, Manila-Cort·espondents: H ongkong, Shanghai, Singapore---Busilles8: General Bl"okers-Col'l·es1)olldents : Chisholm & Chapman, New York; Dean Witter & Company, H onolulu and San Francisco; Shaw & Co., London. HALILI & CRUZ IN ESTMENT & SEC URITIES COMPANY, INC. H eeld Office: 4th Fiber Leyva Bldg., ManilaNegisterecl : October 30, 1936-Term: 50 yearsBusiness: General Brokera~e, Commission, Underwriting; Forwarding and Export Business; Stocks, Bonds and Securities-Natiotwlity: FilipinG--Cap;tal Stock: Pesos 25,000.00 divided into 2,500 shnres of t he par value of P esos 10.00 each-.,Subscribed Capital: Pesos 5,65 0 ~OO-Capital Paid: Pesos 2,670.00- 1ncol·porato)·s altd Hirecto1"s: Fortunato H alili, Rufino Halili , Fortunato B. Cruz, Vicentc Galguera, Aurelio Quitoriano a)ld Fran cisco M. Puzon. (Francisco M. Puzon , is an incorporator only) -Trcastt1·er: Vicentc Galguel'a, Caloocan, Rizal. H AMILTO N BROW N SHOR S'FORE H ead Office and S tore: 109-111 Escolta, Manila, P . T.-Brunch: Pines H otel, Baguioj Manila Hotel, Manila; Post of Manil a , Manila-Established: 1919 -Nationality: Amcrican-P,·incipals : R. L. ReY· nolds, Gencral Managcl· & Trcasurer; H . M. Cavender, Pres.; A. D. Hileman. Vice-Pres.: B. S. Ohnick. Secretary; R. L. Reynohls. TI·eas.; Chas. KUl"z, Director; S. W. O'Brien. Dil·ectol·: George R. Harvey. Director-Bct1lk R efereJlce: National City Bank of New York. E stablished in l!i19 under the guiding hands of George Scaver as President and E. G. Redline as
General Manager. I n 1923 Mr. S. R. RawthornC! who was sent hm·e by the Hamilton Brown Shoe Co. of St. Louis, then shareholders in t he corporation, succeeded Mr. Rcdline as General Manager. In March, 1924, the store was completely destroyed by fire. Reorganization took place in August of t he sa me year. Two yeurs laror the home company sold their holdings in the store to Mr. Hawthorne in recognition of the prosperity which the store enjoyed under his able management during that short period of time. Then he was elevated to the position of President and from that time on the firm continued to enjoy prosperity. On Novembel· 16, 1936, sudden death had befall en him and Mr. R. L. HeynoJds who lias been Assistant Manager for nine years succeeded him as General Manager. R. Y. HANLON & CO. & GEOLOGISTS, INC. H ead Office: Manila, Philippines-Reuister.vt : November 5, 1936-Tel'lII; 50 years-BI!.Sihe.i5: Consulting Mining E ngineers-Nationality ; Filipino-Capital Stock: 1,000 shares of no par value-Sltbscribed Capital: Pesos 4,000.OO--Capital Paid; Pesos 1,000.00-hlcol11orn tors and Directors: Walter Robb, Tomas Confessor, Fred T. Lawrence, Vicente H. Jaleco and R. Y. Rnn lon-Trcasiu·cl": Jose A. Aligaen, Alimodian, Iloilo. CoNSULTING MINING EN GIN EERS
HANSON, OHTH & STEVENSON, I NC. H cad Office: Manila-Brc.mcli: Cebu, Da\'ao, P. l.-Nlitiolwlity: American-B1t.8"iness: Exporters, Importers, Shipping and Insurance Agents--E stablished; 1931-TcicU,·ctph: "Stcvenson" - Balilt Re!enmces; Chsrtereci" Bank of India, Australia & China; H ongkong & Shanghai Banking Corporation; National City Bank of New York. The firm of Hanson, Orth & Stevenson Tnc. was incorporated under the laws of t he Philippine Islands in February, 1931, as a result of the fu sion of the businesses of I·Ianson & Olth, Inc. ana W. F. Stevenson & Co., Ltd. Ha nson & Or th Inc., had been t rading in hemp in t he Philippine Is lands since 1919, while w . F. Stevenson & Co., Ltd., had been est-t.bUshed in the Philippines as Export and Import Merchants, Shipping and Insurance Agents since a:
NOTE:-THE INFORMArlON CONT AINED IN THE C OMMERCIA L INDUSTRIAL MANUAL O F T H E PHILIPP IN ES IS OBTAINED FROM SOURCES BELIEVEO TO BE RELIABLE AND IS THEREFORE BELIEVED ACCURATE. BUT IS NOT GUARANTEED I N ANYWAY AND NO RESPONS I BILIT Y THEREFORE CAN BE ATTACHED TO THE PUBLISHERS OR ANY REPRESENTATIVE THEREOF.
PHILIPPINES
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Hanson, Orth & Stevenson, Inc. CHACO BUILDING, MANILA TEL. NOS. 22066-22062 BRANCHES.路 ILO ILO- DA V AO
CEBU:- W. F. STEVENSON & CO., INC.
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Pdninsular & Ori ental S. N. Co. The Blu e Funnel Line ( New York
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Service)
New Zealand Insurance Co., Ltd.
Ellerman & Bucknall S.S.Co. , Ltd.
British Traders ' I nsurance Co., Ltd. "Ben"
Line Steamers
Commercial Union Assurance (0 .. Ltd.
Moll er Line
Marine Insurance Co., Ltd.
States Sh ipping Service
General Agents
CROWN LIFE INSURANCE COMPANY OF
TORONTO, CANADA
THE COMMERCIAL
216
&
the year 187路1. Hanson, Orth & Steven son I'lc maintain branche$ at Davao, Cebu and Iloilo and operate hemp presses also at Bulan, Casiguran, ViTae, Gubat and Sorsogon and Tinnon for the baling of hemp and all Philippine fibre s. They also buy and export Copra and other Philippine proaucts. A general import business is done, specialties being Flour, Jute products, Cocoa, Coffee and many other lines. Hanson, Olth & Stevenson, I nc. are the Agents for Penick & Ford Sales Co. (Corn Products ), Michigan A lkali Co. (Caustic Soda & Soda Ash), Utrecht ExIJOrt Co. (Margarine), British Creosote Co., Ltd. (Creosote ), M. de J. Levy & Sons (Spanish Sardines), White Horse Distill ery Ltd. (Bottlers of include Penin su lar & Orienta l Steam Na,-igation "White Horse Whisky), etc., etc. Shipping agencies Co., Ben Line Steamers, Blue Funnel Line (New York Service), Moller Line Steam Navigation Co., States Shipping Service, etc. Insurance a gencies include Scottish Union & National Insurance Co., Yorkshire Insurance Co., Lto'. , British Traders' In-
INDUSTRIAL MANUAL surance Co., Ltd., New Zealand Insurance Co., Ltd., Commercial Union Assurance Co., Ltd., Marine Ins urance Co., Ltd., Crown Life I nsurance of Toronto, Canada, etc., etc. HAD YU P I EK CO. Head Office : 20'7 San Vicente, Manila-Registe1'cd: January 8, 1937-Business: Mer chandisingNationality: Chine3e-Ca.pital: Pesos 20,OOO.00-Capital contj'ibuted by each pa-rlmer: Hao Yu Piek, Pesos 10, 000.00; Lim He, Pesos 10,OOO.00-1I1p.?Iagcr: Lim He.
HAO HUN & COMPANY Head Office: Gandara St., No. 211, ManilaRegistered: August 2, 1935--TeY'1R : Five years from Ju ly I, 1935-BU8"iness : Shoes, Sl ippers , etc.-Nationalitty: Chinese-Capital: Pesos 6,000.0O-Capital contribtttcd by eack 1)arlmer: Hao Kun, Pesos 1,500.00; Ching Ka Quia, Pesos 1,500.00; Uy Tiong, Pesos 1,500.00; Lim Chin Kim, Pesos 1,500.00-M-anage1' : Hao Kun.
HAW AllAN - PHILIPPIN E COMPANY (Incorporateo Under the Laws of the Philippine Islands tn 1918)
Bala nce Sheet as of Septembet 30th, 1936 ASSETS Real E4tate and Improvements .. ..... ~ . . . . . Mill Bldg., Mill Machiner), and Equipment ..
:~::~~~\~d' E~;~ipl~~~~'- : :: .
Sundry Assets .......... .. Planters' Accoums .. Inventories. Sundry Debtors ... Cash on Hand and in Banks. . Toul Assets ..
r
76.007.06 1,516,796.99 85,605.73 1,053.472..40 89,845.09 437,664.44 331,605.81 170,201.73 3,196,4)7.73
P 6,958.236.98
PROFIT AND LOSS Rel'enues : Gross Proceeds of Sugar . . Other Revenucs .. . Total Revcnues.
1'),574,778.79 154.061.61 1'3,728,840.40
Expenses: Marketing Expenses . . . .. P 544,228.60 Ma nufactu ri ng Expenses.. .. ... . ......... . . 441,967.85 Administration. Taxes, Repairs and Other Expenses .. 546,998.34 Propeny Written Off.. Depreciation. ,SOl ,875.40
TOt:!.1 Expenses.
1'2,035,070.19
Net Profit"
1路1 ,69},770.21
L1ABlLITfES Capital .. . . . 1'3,948,390.00 Reserves for : Planters' Loans and Workmen's Compensat ion 140,424.23 Insurance .. . Sundry Cred itors . .. . .. . 98,909. 34 Unpaid DiVIde nds . Surplus . 2,770,513.41
Total Liabilities. . .. Cane Milled .. SU$.:lr Produced ... .. M illing Capacity per Day .. Tons Cane per Ton Sugar. Piculs Sugar per Ton Cane Tons Cane per Hecu.re . . . . Tons Sugar per Hectare . .. . . . . Total Dividends Paid ror Ye:ar .. Dividends Paid per Share. Price Range of Stock : Hig h ...
447,804 tons 84),990 p icu15
3.m 8.30
tons
1.91 54.57 6,58
1"2,053, 160.80 1'5.20
Low ..
DIVIDENDS PAYABLE 3ht Oc:c:.-)lsr MI.-JOrh June-
30th Sept.
PHILIPPINES L. M. HAUSMAN & COMPANY, I NC. H ead Officc; 440 Dasmarifias, Manila-Nat'iOttalitll: American-Busines8: Engineers; Importers of Machinery a nd Allied Products; Representatives of Aircraft; Aircraft Supplies-Established: 1922Principals: L. M. Hausman, President and Treasurer, H. P. Strickler, Vice-President, J. A. Wolfson, Director, W. H. Chapman, Director, F. G. Merino, Director-Authorized and Paid-in Capital: Pesos lOO,OOO'.OO-Par Value of Shares: Pesos 100.00-T elegraph: "Michclman"-Bank RefeJ"ences: Peoples Trust Co. HAWAII-FILIPINO POULTRY & COMMERCIAL
COMPANY H ead Office: Laoag, IIoeos Norte-Registered: J anuary 12, 1937-TeJ'm : 20 yp.ars-Business: Poultry raising-Nationality: Filipino--Capital Stock: Pesos 50,000.00 divided into 500 shares of the par value of Pesos 100.00 each-Subscribed Capital; Pesos 10,000.00-Capital Paid: Pesos 10,000.00; Cash; Pesos 2,400'.00 ; PI'OpV t1/: Pesos 7,600.00-IlleOTpo)'ators: Justino Pasion. Candido Juan , Jacinta T . Pasion, Pantaleon Pasion ana' Pastor Domingo. HAWAII AN-PH ILI PPINE COMPANY Head Office : Silay-Hawaiian Central, Occidental Negros, P. I.-Nationality: Il'ilipino--Blis iness: Sugar Plantation Operators-Principals; W. H . Babbit, President; Montague Lord, Vice-President; J ames M. Ross, Secretary; B. If. WelIs, Assistant Secretary; W. H. Babbit, Treasurer; Montague Lord, S. O. Halls, W. Pflueger, J. P. Cooke, C. J. Henderson, A. Jamieson, S. M. Lowrey, G. E. Schaefer, H. A. White, Assistant T reasurer; Ro y C. Pit路 cairn, Managel'-Di1'ecw1'8: W. H . Babbit, Montague Lord, James Ross, Emilio Y. Hil-.I.do, C. H. Wilkinson, Geo. H. F.airchild-AgenLs: welchFairchild, Ltd., RtJ!ginn Building, ManilaAttorneys: Ross, Lawrence, Selph & Cal'l'ascoso, Manila ; Hilano & Hilado, Bacolod, Occidental Negros-Audito)'s: Henry H unter Bayne & Co., Manila. MANAGER'S REPORT
To the President, Directors and Stockholders of the Hawaiian-Philippine Company. Gentlemen. I herewith submit my Annual Report for t he Fiscal Year ended September 30, 1936. CROP 1935-36 The crop amounted to 53,382.671 metric tons (58,844.316 short tons) or 843,990.05 piculs and the
217
outturn, both from a manufacturing and financial standpoint, was extremely satisfactory. Manufacturc of Sugar and Allotments: Legislation, limiting the production of sugar under allotments, similar to the previous year, continued to a pply. With the inauguration of the Commonwealth Government a new department, the Domestic Sugar Aa'ministration, was established to deal with domestic and reserve sugar. Ther e was considerable delay in releasing domestic sugar for sale. Matten CQncerning export sugar were administer ed under the direction of the High Commissioner. After our milling season had closed the United States Secretary of Agriculture announced that the 1936 United States quota for the Philippines had been increasea路. This increase in quota was known as the Second Additional Philippine Quota. The increase for this mill district was; Raw Valu c Net Weight at 96.8 pol. Company Planter s
PQ lmds
Piculs
Pounds
P.iculs
106,098 129,675
760.89 929.97
104,633 127,885
750.38 917.13
235,773 1,690.86 232,518 1,667.51 Totals Following the Second Additiona l Philippine Quota, the mill district allotments, in terms of "raw value" were: Export 111,294,869 Domestic 6,06] ,467 Reserve 2,597,773 119,954,773
Total COMPARISON
OF
A T,LOTMENTS A:"I D
SUGAR
MANUFACTURED
The allotment of the Second AQ'ditional Philippine Quota for thjs district was not made until June 25, 1936, or considerably after the close of the milling season. There was sufficient cane in this district to manufacture the entire district allotment, but even the allotment in force at the end of the milling season was not filled. Th is was because of the difficulties in complying with regulations in conection with . benefits payment contracts, and because some planters did not care to purchase cane to covel' shortages in their reserve allotments. Other planters preferred to use their 1935 reserves to fill shortages in their 1936 export and domestic allotments.
THE COMMERCIAL & INDUSTRIAL MANUAL
218
1935-36 Expo),t Sl/gUl' in Terms of Rww Value :
Totals
Allot.men t i\lanufactured
Shortage
798,155.98 796,246.84 1,909.14
45 0/0 Company' s ShQ.1'e PiC1(ls
55'1'0
Planters' Share
359,170.20 358,311.08
438,985.78 437,935.76
859.}2
1,050.02
Grand Tota l ~: Allotment Manufactured S hort age Export : Allotment Mnuf-actured Shortgage
8-19,236.20 843,990 05
382,156.29 379.795.53
467,Q79.91 464,194.52
5,246.15
2,360.76
2,885.39
109,758,254 109,495,719
49,391,215 60,367,039 路19 ,273,07'1 <iO.222,64:i
262,535
118,141
144.394
6,061,147 5,\)10,071
2,727,660 2.659,532
3,333,807 3,250,539
151,396
68,128
83,268
2,597,773 2,280,183
1,168,998 1,02'3,083
1,428,775 1,254,100
317,590
1路12.91!)
174,67!)
Grand Totals: 118,417,494 53,287,873 Allohnent 117,685.973 52.958 Manufad.ured
65,129,621 64 ,727.281
Poun.ds Allotment Man ufactu red'
111,294,869 111,028,659
50,082,692 49,962 ,897
61,212,177 61,065,762
266 ,210 119,795 146,.H5 Shortage The average pol of sugar manuIactured for export was 96.8 0 , and the amount at that pol, equivalent to the export allotment ill terms of "Raw Value" was l09,758,2~ pounds or 787,136.07 piculs. The pol of domestic and reserve sugar was within the limits set loca lly f "Raw Value," and no ("hange was required for tHe amounts of these allotments. The amounts manufactur d, compared to the allotments, with export suga r given in sugar of 96.8掳 pol, making the amounts the act.ual net weight of s ugar manufactured, a re given on the next page.
Totals
450/0 Company's
Sha1'c Export: Allotment Manufactured Shorbge Domestic: Al lotment Manufactured Shortage
Reser,'e: AlJotment Manufactured Shortage
550/0 Planters' Shan
P iCltis
787,136 .07 785,253.29
35<1,211.23 353,363.98
432,924.84 431,889.3 1
1,882.78
84'7.25
],035.53
.13,470.00 42,834.33
19,561.54 19,072.95
23,908.55 23,311 .38
1,085.76
488.59
597.17
18,630.04 16,352.43
8,383.52 7,358.60
10',246.52 8,99!l.83
2,277 .61
] ,024.92
1.252.69
Domest.ic: Allotment Manufactured Shortage Reserve: AJ10tment Manufactured Shortage
731.521 At t he end or the milling season, :!nd p r ior to the isguance of the Second Additional Philippine Quota , the Company transferred 96.87 piculs of reserve sugaJ' to fi!1 shortal!:es in the export allotment in force at the end of the milling season, and 488.59 piculs of r ..:scrve sugar to fill shortages in the Company's domestic ~ll1otment. The planters made similar tramfer to fill shortages of 11 8.40 piculs in export allotments and 597.17 picul s in domestic allotment s. 'When final returns were received from the United States on t he Company's ex port sugar shipments, 169,162 pounds of shortages in the United States, belonging to Pnmpanga Sugar Mills were purchased and transferred to the Company's execss sugar 9ccount. This transfer r eleased permit!! for 1,026,24 piculs of export sugar which were. sold. Non-status sugar, nmouhting too 2,066.61, plcuis. for which permits hnd been cancelled, is expecteci to be transferred to the Company'!! reserve account.
219
PHILIPPINES The Ccmpany's share of the Second Additional Philippine Quota, amounting to 750.38 piculs, were fiJIed from reserve sugar, -and sold. To meet the demands of the local market, about half of the a:ornestic allotment for the district was manufactured as a high grade washed sug-a r from s:pecial syrup strikes, and the rern-ainder wag made as a washed sugar from seed strikes. Totell Sugar J1Jlo. 'm~factU1路ed: Pounds Pol Piculs 96.80 799,866 111 ,533,323 Mill Run 3,076,04G 22.060 Special Washed 98.81 Special M. R'. 3,076,604 98.92 22,064 (Washed)
Total & Aver-age
96.n
F .... C'fO~
843,990
117,685,972
OPERATION
Grillding Time: The milling seaoon was 151.75 operating day::.. It began September 24, 1935 and ended March 2'1, 1936. The 11 verage cane ground per hour was 125.93 metric ton~. (138.81 ShOlt tons). The grinding rate was held at approximately 3,000 tons of cane a day in order to protect the planting of thefollowing crop as well as to utilize the storage facilities at our disposal to the !lest advantage.
Cane: The came tonnage of 447,804.435 metric tons (493,619,844 short tons) was ground at an average daily rate of 2,950,935 metric tons (3,252.8(\9 Slhort ton&). The sucrose per cent cane was 13.503 as compared with 13.027 for the preceding year. E:etraction: The average extraction was 93.860, which we consider satisfactory under the co;nditiong which prevailed. Recovel1J : The Boiling House recovery per 100 sucrose in mixed juice of 91.66 wa~ satisfactory. The total reeovery for the F-actory per 100 sucr ose in cane was 86.03 as against 87.57 for the preceding year. Final Molasse8: The gravity purity of waste molasses was 33.61 as against 32.88 for the preceding year. Quality of Sugal-: The quality of sugar compared more than favorably with the preceding years and continued to be high. WEATHER.
Taken as a whole, extremely favorable weather conditions prevailed during the entire fi~.cal year.
CAN!;: V ARIETI!;:S
FoJlowing is the percentage of cane varieties ground for the 1935-36 crop:
Per Cent 45.57 27.13 9.!H 11.23 J .60 Lag 1.89
Badila .. POJ-2878 Dr-52 POJ-2883 N egro$ Purple L. C. 25/ 191 Others
100.00 The following is the approximate area of the cane varietics to be harvested for the 1936-37 CI'Op:
Per Cent 52.33 21.1\ 12.53 6.34 4.51 91 2.27
Badila POJ-2878 Dr-52 POJ-2883 L. C. 25 / 191 Neg;ros Purple Others
100 .00 LOCAL TRANSPORTATION OF SUGAR
Loading of the export sugar off Mambaguid Roadstead continued to be sastisfactory, 100% of the export sugar having been loaded in this manner Domestic sugar was shipped thru Iloilo. MOLASS!;:S
The molasses made this crop was disposed of as follows: Met1'ic Tons 12,557.509 Manufactured 1935-36 Crop Overage 225.509 12,782.844 Shipped from Dock to Pure Care Molasses Company Local Sales Delivered to Planters In
12,779.810 .496 2.538
12,782,844
Storage at Central, April 17, 1936 None Last Shipment made April 16, ';936.
THE COMMERCI AL & INDUSTRIAL MANUAL
220
Ammonium Sulphate
PERMANENT !MPROVEII1ENTS
During the year Company expended in pennanent improvements the sum of Pesos 38,700.23, which was mainly used for: ]. Ship-lap Insulation _ No. Sugar Bodega r 1.897.52 2. I nstallation New Baga9Sc Incinerator .. 34,170.25 3.. New Concrete Tennis Court for Employees 1,517.98 4. Concrete Floor - Cine Building 811.04
r
38,396.79
Total and
Ge'ucral Pr oduction: Tons lituhltmd !?lfc)'mcd1'ufc Lowland Ave. Sug'ar 10,606.54 7,000.14 35,775.69 53,382.37 Piculs Sugar: Plaut 45,194.38 2\,841.56 1l2,688.51 179,724.45 Lu !:oc Ratoon Total
30,884.34 27,234.23 119,843.29 177,961.86 91,613.62 61,598.<11 333,091.71 486,303.74 167,692.24 110,674.20 656,623.51 843,990.05
Arnmo~Pho9
2,270 metr:c toni 794
Others 10 Line 30 All crop iDan and fertilizer accounts were fu\ly liquidated as of April, 1936. HACIENDA CONOITIONS-SILAY SAUAVJA DISTRICt'
Conditions on the haciendas, from an agricul· tura! standpoint improved over the preceding yaar due largely to the fact that the district w-as adapt· ing itself to t he regu lations and requ irements of of the Sugar Administr:ltion. The district continued fairly free of insect pests during the fiscal yeur undcr obscrvation . Marketing conditions for thc planter s were ex· tremely satisfactory, due largely to t he excellent su· gal' mar ket which prcvailed and the keen rivalry which existcd locally between the purchasers of planters' sugar. LABOR
Labor conditions at the Central ano at the haciendas continued satisfactory. PROSPECTS FOR THE 1936-37 CROP
Yields: Ton
Cane per Sugar TOil Piculs S u ga r per Ton Can Tons Cl.re poe Hecoo r e Tons Sugar per Hectare Pi cu I s
Hectare: Pl ant Lusoc Ratoon General Average
8.64
.42
8.17
8.30
1.83
1.88
1.94
1.91
45.07
50.74
59.37
54.57
5.22
6.02
7.27
6.58
97.98
113.16 103.56
76.'11
87.25
133.14 119.28 108.\1.8
11 9.77
82.77
82.47
95.25
114.92
103.98
Pcr
Mer tic Tons thruout. Finances Extended to Plant.ers: Advance Extended to Planters: interest) Fertilizers (no interest charged.
108.46 97.74
P 104,000.00 24~.494.53
Total ,Advancc~ P 353,494.5:1 Fertilizers and Lime F inanced far P lanters:
'!fhe weather conditions that prevailed since the beginning of the planting of the 1936-37 crop havinJ: been so very favorable, the prospects fo r the 193637 crop a r e extremely good.
H. E. HEACOCK COl\fPANY Head Officc: Heacock Building, ManilaBranches: Baguio, Cebu, Davao, lloilO-Na.tiolis/.. ity: American-BlI./Ii1Iess: Equipment; Sporting Goods; Sundrie!!-Establishcd; 1909-Pl'eBidcnt a.nd Gwcfbl ]UallftUc)': Samucl J. Gaches--Agcu!s lor: I ntern-ationa l S ilver Company; E lgin Walch Com· pany; Wcstern Clock Company; Wi nchester Ammunition; Winchester Flashlights & Batter ies. Remington Rand Company; Western Union- Telegrap h. "Dial"-Baflk Rc/orc)fce: Hongkong & Shanghai Banking Corporation. H EALTH COMPANY, I NC. Head Office: 229 Espana, Manila - Reoistered: Septembcr 21, 1935--TeMn: 50 years-Bu.sj11C61l· Promotion of Health and Physical Development ; Publication L iterature on Health and Physical Cu i· t:lre, ctc.-NatiO?lalitu : FiIipino--Oapital Stock: Pesos 2,OrJO.OO divided into 200 shares of the pa.r value of Pesos 10.00 each- Subscribed CapitaJ.: Pe-
221
PHILIPPINES sos 900.DO-Capital Paid; Pesos 350.00-lncorporatOTa and Direct(1l's: Arturo M. Tolentino, Msnuel E. Ocampo, Angel B. Hernandez, Anselmo T. del Rosario and Domocao Aionto- T1"easurel': Manuel E. Ocampo, Manila.
Capital Paid: Pesos 7,510.00; Cash: Pesos 2,112.52; Property: Pesos 5,397 AS-Incorporators and Directors: Dr. Emilio G. Josefa Go, Alicia Go, Benita Go and Frandsca Dycuenco-Treasurer; Alicia Go, San I sidro, Nueva Ecija.
J. P. HEILBRONN COMPANY Head Office: Manila-B1'Ullck: 16 Beaver Street, New York City-Na,tiollality: AmericanlJusincss: Paper Dealersj Printers' Supplies-Estabhshed: '1909-Principa/s; J. P. Heilbl'onn, President, Amos G. nellis, General Manager-Telegl'aph: "Papertrade"-Bank References: All l\fanila Banks; lrdng Trust Company, New York City; Crocker li'irst National Bank, San Francisco.
HESS & ZEITLIN, INC. Head Office: 108 Crystal Arcade, Manila-Nationai-ity: American-Business: Brokers; Dealers in Stocks, Bonds-Established: 1933-P)'illcipals: Carl Hess, Jr., William Zeitlin, Miguel Simon, Ellsworth Tuplin, Jose Reloj-Authorized Capital: Pesos 2,500,000.00; S11bsel'ibed Capital: Pesos 500,000.00; Paid,-in Capital: P esos 400,000.OO-Pa.I路 Value 0/ Sha.l路es: Pesos 1.00-Co)'I'espondents /0)': Suh'o & Company, San Fl'ancisco-Telegraph: "Zelin"Codes: Bentleys; A.E.C.-Ballk Re/erence: Bank of the Philippine Islands, Manila; Peoples Bank & T rust Company.
HEISE, LARSON & COMPANY Head Office: Manila, Philippine Islands-Nat芦禄InlitV: American' - Business: Stock and Bond Brokers-Establi.shed: June 1st, 1937-Autlun-ized Capital: Pesos 135,aoo.dQ.-Paid Up Capital: Pesos 135,000.00 - Telegraph: Nosral-Pcwtnel's: E . A. Heise. S. C. Laison, F. B. Ingerson-Bank Reference: Hongkong & Shangha\ Banking Corporation. K.
M. HEMADY Head Office: 348 Echague, Manila, Philippines.
HEREDEROS DE BALTAZAR DYCUECO, I NC. Head Office: San Nicolas, Gapan, N. E.-Registered: January 10, 1936-Tel'm: sa years-Business: Rice, Cereals, and Native Products- NaHonality: Filipino-Capital Stocf,~: Pesos 150,000.00 divided into 15,000 shares of the pal' value of Pesos 10.00 each-Subscl"ibed Capital: Pes09 30,000.00--
THE
HIJOS DE 1. DE I,A RAMA & CO. Hijos de I. de la Rama & Co., has been founded in 1872. I ts start came from Hacienda Cabanbanan in TaJisay, Occidental Negros, which was originai!y producing muscovado sugar. The first period of development of Hi jos de I. de la Rama & Co., may be comprised between 1S72 and 1890, during which time several important properties in Negl'os were acquired and at the same time the shipping lines between Iloilo and Occidental Neg-ros were established. In those days Hijos de I. de la Ramu & Co. wns also engaged in merchandising of Hardware and Machinery and had a special merchar.dising
w&ie{!i/1J1lilN 14
Carefully Graded Re-New-Points from which to select
Your Per:sonal Style In Black or Lovely Mottled Colors
PUSH PENCILS
to
match
PEN
THE COMMERCIAL & INDUSTRIAL MANUAL
222
department aside from the main activities which were cOllcentl'ated in sugar and shipping.
From 1890 to 1910, the ii .'m Hijos de L de In Rama & Co., cOllcentmted all interests in export. ing suga l' and impro\'ing the shipping commodities between Uoilo and Occidcnt.1.1 Negros. Two centra ls were working on a big scale namely Central San Isidro and Central 8tn. Aniccta. The muscovado sugar produced was almost entirely shipped to China via Hongkong and the company had an office of her own in Hongkong. From 1910 up to date the attention and interest were switched to the production of centrifugal sugar and the marketing of same in the United States of America. At present the firm Hijos I. de 1a Rama & Co. owns th.'ee centrals - ·Central Sta. Aniceta, Central Leonor and Central Lourdes. Th plantations adhered to the centrals belong and iLl·c managed by De La Rama. The yearly production is over 10,000 tons OJ" 160,000 piculs. The shipping interests are representer! by The Dc la ~ma Steamship Co., Inc., and the Iloilo Shipping C~., Inc., both of which are controlled by Hij os de ~\ de la Rama & Co. A new ship for T hc· Dj la Rama Steamship
Co., Inc., is now being constructed in Germcny by Fried. KrUI)p A. C. and haR dis placement of 3,000 t{lns and 1\ speed of about 20 lmots The r;resent owner of the company is Dl)n Esteban de In Rama "l ild Its mnnaf?:'er, il1I-. Em·icl) Pirovano. Among the other activitieR of the De In Ramn. lImy Edso bc I":ll'.ntioncd the sole agency of the Vnlvoline Oil Company of Cincinnati, first producCl· in the United States of America of lubricating Oils and Greases and till llow-a-days ranking among the refineries of the world turni ng over first class (lI"oducts. R. H I LL
Head OlFce; 121 Crysta l Arcade, l\fn.nila-Na.tiol/Ulity; Americnn - Busine88; Stock and Bond Brokers; Promotions - E sta blished; 1931-Prmci,mls; R. Hill-B(l1Ik R e/el·ence; National City Bank of New York. HI SPANQ-FILIPI NQ FILM, I NC. Rea(t Office; P. O. Box 2078, :M .anila-Rouis1srad; June 25, 1935-Term; 50 ycars-Blwilles8; Rf'production of Sound Motion Picture s-Na tiollalitll ; Filipino-Capital Stock; Pesos ] ,00'0 .00 divided into 10,000 shares of the par value of Pesos a.10 each I
\
HEISE, LARSON & COMP ANY
R. HILL
San Viceme. Manila
•
j
Philippine Is la nds
~
" STOCKS" " xxBONDS"" PROMOTIONS
• 121 CRYSTAL ARCADE TELEPHONE: 2-25-13
STOCK
nlld
BOND BROKERS
p.Jr'lltrJbip b(( wem
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