PHILIPPINES
22)
_Subscribed dnd Paid-in Capital: Pesos 1,000.00- HO YEE & COMPANY Head Office: 706 Soler, Manila-Nationality: i ncorporato,'s and Dircc:tfflS: Pedro M. de Leon, Carriedo and R. F. Navarro--Trca.81o"er: Pedro S. Chinese---BusineS8: Grocers; General MerchantsEstablished: August 3, 1937-Capital: Pesos 12,000.Carriedo, Manila. OO-Capikll contributed by each pa)·tnel·: Ho Yee, THE H I SPANO PHILIPPINE IMPORT Pesos 3,000.00; Ley Ban, Pesos 3,000.00; Chiong & EXPORT Hung Hay Pesos 3,000.00; Chu Phak Lam, Pesos Head Office: 14·16-18 General Luna Street, 3,OOO.OO-Manager: Ho Yee. Manila-Nationality: Spanish-Business: Importers and Exporter s-Established : 1930_P1"oprie_ HOA HIN COMPANY, INC. tQ)": Geral"do G. Garcia-Capital: Pesos 100,000.00 Head Office: 94-96 Morga St., Cebu, Cebu, P. !. - Telegraph Add,'css : Hispine-Bank Reference: -Nationality: Chinese - Business: Shipbuiiciers, Chartered Bank of India, Australia & China. Ship Repairers and Hardware Merchants-EstabH[XBAR GOLD MINING COMPANY, INC. shed: 1914-Anthori%cd Capital: Pesos 1,0'00,000.Heu(L Office: Manila, Philippines-Registe,"cd: OO-Paid Up Capital: Pesos 729 ,200.00-Pa1· Value Oclober 28, 1936-Term: 50 years-Business: Ex- 0/ Sha?·es: Pesos l,OOO.OO- Rcsfwvc: Pesos 129,715.ploration, Development and exploitation of Minerals 62 - Dividend: 10%-TelcgJ"aph: "Hoanin"-Codcs and sale of minel'a~ claims and mining properties, Used: Bentley, etc.-E)·amch Office : Opon, Cebuetc.-Nutbionalitll: Filipino - Capital Stock: Pesos Principals: Jose Sy J ongchuy, Gen. Mgr., E. T. Uy 1,200,000.00 divided into 12,000,000 shares of the Boco, Asst. Gen. Mgr.-Bank R e/e)·ence: Chartered par value 01 Pesos O.let each-Subscribed Capital: Bank of India, Australia and China - Hist<wic:al Pesos 240,OOO.OO-Capital Paid: Pesos 60,000.00 Notes: The company was organized in 1914 a ~ Incorporators and Di1·ectors : B. H. Berkenkotter, coal dealers. Then the firm engaged in the scale of Stewart Tait, A. Bachrach, W. E. Hicks, William hardware and naval stores. Now, it owns the bigIck, Joseph Pastori and F. Higham - T ?·eaSUrf·r : gest shjpyard in the Visayan Islands and Minda_ Stewart Tait, l\Ianila, P. 1. nao.
(Helen·s Hare! American Owned and Managcd)
Make This Your Home White ill Davao
You'll Enjoy Its Good Food, Its Modern Conveniences And Its Home-Like Comforts REASONABLE RATES
AMERICAN PLAN ONLY
HELENS HOTEL
HELEN SC HLI NGER-Mallager & OWller 52 Maga"tlfJts Sma
Davao City, P. I.
224
THE COMMERCIAL & INDUSTRIAL MANUAL
HOC HO TAY & COMPANY, I NC.
H ead OUice : 179 Muelle de Binondo, P. O. Hex 3075, lVI.anila, P. I.- Bran<Jh Office; Cebu; Daet, C. N.; Naga, C. S. -Nationali拢y; Chinese-Busilless: Importers and Exporters - E8tablisiLecl: March 16t h., 1936- Incorporated under the Laws of the Phiiippinc9-Principais: Ngo Juy, M{lnagcl'j Dirceto)"S: Li Seng Giap, J ose Tang, Dy HURn Chay. Antonio Solis Wee Cheng, Ngo Juy _ Allthoriud Capital: Pesos lOO,OOO.OO-Paid.-in Capital : Pes-os 20,000.00 - PWr Value of Sha1'cB; P e:.os 100.00TelegraplL Address: Hochotay-Bank References : China Banking Corporation; National City Bank of New Yo rk; Yokohama Specie Bank, Ltd. ; Philippin e Trust Bank; Hongkong & Shanghai Banking Corporation; Bank of the Philippine I slands. T . M. HOLMSEN , INC. H ecul Office; Afanila-Nlttionality : FilipinO--l B1IgineS8: Lumber Merchants-Established : 1931-
Capital: Pesos 70,000.0 -Telegraph: "Holsen"Codes: Boe, A. B. C. 5tli-Ba 'l/~ R ef erences ; Bank of the Philippine Islands; China Banking Corporation.
HOA H
THE HOMADE TRAD ING COMPANY, INC. H ead Office: 928-932 Tayabas, Manila-Regiate)'cd : April 20, 1936-Te1'1n: 50 years- Bu8incss : General Importers and Exporters - Nationality: Filipino - Capital Stock: Pesos 20,000.00 divided into 200 shares of the par value of Pesos 4,000'.00 -Capital Paid: Pesos 2,500.00; Ca sh: Pesos 250.00; P rop erty: Pesos 2,250.00-Incorpol"ators 'and Directors : Candido L. Montales, Ricardo Mantaring, Regalado Montales, Paz Mendoza de Montnles a nd Leodeg'ario Cabrer a - T?'eall//1'cr : Regalado Montales, Manila. HOME PUBLI SHING COMPANY Head Officc: 906 0' Donnell St., J\[,anila- Rcgiste1路ed: Aug ust 10, 1936---Term: 25 years-Business: Publishers of the " HOME" magazine, Printing Press Operators--National1ty : Filipino-Capital Stock : Pesos 10,000.00 divided into 100 s hares of the par value of Pesos 100'.00 each - Subscribed Capitnl: Pe~os a,aOO.OO-Capital Paid: Pesos ],575.OO-In corporators alld Directors: Alberto Abelada, Ignacio Reyes, Buenaventura Cruz, Mariano Zapata, Enrique B. Magalona , Rcberto Delfin and Ni-
COMPANY INCORPORATED CEB U. CEBU. PHILlPPINE ISLANDS
IMPORTERS, WH OLESALERS AND RETAILERS OF MARINE llARDWARE. BU ILDING MATERIALS AND PLUMBING SUPPLI ES . SlllPllUILDERS AND REPAIR ER S, 4.MARINE路SLlPW AYS AGGREGA T E CAPA CITY lOOO TO NS
c.b!,
Add.tll: HOAHiN CEBU
{Ad,,:
ABC 5th Ed Iknde,.路$
~nd
ACME
PHILIPPINES
225
pecting, e.."xpioration and superficial trenching; prospecting jobs, tunnels, open cuts, etc.; construction, barriO r,nd bodega building; and trail construction. Two new p r ospecting jobs were started during the month, and two were Q'iscontinued. The active jobs at present arc Jobs No. 13, 14, 21 and 22. Prospecting work on the sites of Jobs 20 and 18 was stopped during the~e months. Operations on these different jobs have proceeded as follows.
canor Mendoza. (Roberto Delfin and Nicanor Mendoza, are incorporators only)-Treasw'er: Mariano Zapata, 7-A Soliman, Manila. HOlUESTAKE GOLD l\UNES, INC. H ead Office: 335-A Crystal ArcaQ'e, Escolta, Manila - Nationality: Filipino-Busines::;: Mining - Established: September 16, 1936 - Authori. . ed Capital: Pesos 1,OOO,OOO.OO-Paid Up Capital: P esos 562,~OO.OO-Par Value of Shares: Pesos 0.01 -TelcgJ'Ul)h: Hometake-Bnl11c.h Office : Mambulao, Camal'ines NOI'te-Pdncipa/s: M. Francisco T. Lopez; Directol's: J ase A. Montenegro, Dr. J aeobo Fajardo, Placido L. Mapa and Anselmo TrinidadBank Reference: Philippine National Bank. Repol't to aw Stockholdcl'S, FtJlnu(Jff'Y 11, 1937 : R el'cunde)' 1'8 the repO?'t of Jl1a1'sman and Company 1'ega1'ding the activities performed by them on the clai1lU! of the Homestake Gold Mines, [nc., for your inform,ation: During the month of January prospecting operations on the claims of the Homestake Gold Mines, I nc. were carrieo oull. as planned. Two well organi~d groups of field ~rospectors continued their work of exploring the claims. An average working force of 61 men worked every day dUring the month except the Jst and 31st of January in connection with th.:J following activities; field pros-
Job No. 13 T he tunnel was advanced 37 feet along the hanging wall of the vein. Th e vein was moiled or dl'illed thr(lug-h at regular interval s and samp]e;i we t'e t-aicen. The takillg' of samples slowed down the rate of aQvancc somewhat. Samples taken have varied in value from $2.80 to trace. The 1.:I?t sample taken during the monlh had a value of ~1.20. It was taken across the vein 26 feet in from the portal. The vein is 21 inches wide -at this point. Job No. 14 The open cut was advanced up to the entrance of the "Old Workings," ami tunnel was started at this point. The tun nel was advanced 16 feet during the month. Five feet in from the portal a sample was taKen from two small stringcrs on thc face of the, tt:nnel which haSl n value of $22.80. Nine
THE HOME INSURANCE COMPANY OF NEW YORK Condensed Statement of cotlldition at the close of business December 31, 1936 LiABILITIES
ASSETS
Cash in Banks and Trust Companies .. . ....... $ 14,501,105.54 United States Government Bonds.. .. . },76O.456.08 All Orher Bonds and SrocKs ........ ......... . 11},87'),077.46 Premiums unco!lected, less than 90 days due. . 6.256.948.68 2OQ,3C'6.00 Accrued Interest.. .. .... .. .. .. .. .. .. .. .. .. .. Other Admitted Assets.. I ,066,}07.00
................ $ Capiul StocK .. Reserve for Uneamed Premiums.. Reserve for Losses. Reserve for Unp~id Reinsurance. Rescn'e for Taxes and Accounts . Contin}!:enc), Reserve .. NET SURPLUS ....
$139,759,200.76
$1l9,759,200.76 Surplus as regards policyholders. NOTE: On tbe basis of December 31, 19}6, marker quota路 tions for all Bonds and Stocks owned the toul admitted Assets would be inCfeased to $J44,389,684.22 aod t he Ncr Surplus ro $69,U9.}41.57. Securiti es carried at $2,619,964.00 and cash $50,000.00 in the above statement are deposited as requ ire.:! b)' law. 路At Market Values of December 31, 1936.
14,SOO,OOO.00 44,874,929.CO 6,427.749.00 1,857,664.65 2,500.000.00 5.000,000.00 64,598,858.11
. ..... $84,098.858. 11
INTERNATIONAL HARVESTER CO. OF PHILIPPINES Stth-Agtnt.I at Man ila
226
THE COMMERCIAL & INDUSTRIAL MANUAL
feet in from the portal another sample was taken -value $13.60. A small test pit was made 4 feet into the north wall of tho open cut adjacent to the portal, and a small stringer was encountered which assayen $7.20. Sixteen feet in from the portal there are three converging stringers on the face of the tunnel. These stringers are very irregular and their exact strike and dip could not be determined. Ho .... ever, they appeared to radiate from a central point below the floor of the tunnel, find it is believed that by sinking a small test shaft at this point that the source of these stringers may be found. Two samples were taken from t hese stringers on the face 16 feet from the portal which had a value of $1.20 and $0.80 respectively. The wal! rock material to these stringers is a coarse, highly altered andesitic porhyry and explosive are requireci:, as it was very difficult to moil or pick the material encountered during the last part of the month. Job No. 18 From January 2nd to 8th the shaft was sunk a distance of 8% feet. On January 8th, the job was stopped. The small stringers became more decomposed and narrowed as the shaft went down. As the assay results of samp~es taken from the stringer were not encouraging, it was decided that further prospecting work on the site of the Job was not advisable. The shaft was sunk 26 feet. The small force of men now working on this job are engageci' in moving the blacksmith shop and other minor improvements. Job No. 19-Construction No.8 was completed during the month. This is a corrugated iron bodega 11' x 8' x 8'. A sma ll dock was built at the motor boat landing. The ground between the dock and bodega was surfaced with gravel. TRAIL CONSTRUCTION
234 meters of new trail was built from Job No. S to Job No. 20. Three bridges and 50' meters of trail were built across the mouth of Kuling Creek thereby shortening the main Nipa.Nipa trail by 150 meters. 402 meters of 1st class graded trail was built from Job No.2 to Job No. 22, and the right of way for an aci'ditionaJ 205 meters of trail has been cleared from Job No. 22 to Job No. 2J '. A bridge
15 meters long was built across the creek on the trail between job No. 2. and job No. 2l. Job No. 20 This job was started on January 2nd after Prospector Hidalgo had traced float to a stringer on the top of a ridge in the northern part of claim "Titang". The stri nger vein, which varied !rcm 2 to 7 inches in width, was exposed by a trench 30 feet long, 4 feet wide, and from 5 to 7 feet deep. The stringer narrowed in depth. Several samples were taken, but all assayed "Trace." The job was stopped on January 16th after it was decided that further exposure of the stringer was not advisable. Job No. 21 This job was started on January 9th after Prospector Fajardo in Group No.2 had discovered an outcrop of ~ilic i fied andesite on the edge of thc swamp 175 meter SSE of the NW corner of "XX" claim. Preliminary trenching revealed that the outcrop was meroly a large boulder. Two more trenches were started up the slope, anci' more ande路 site was found with intruded ribbons of quartz. An open ~ut was finaily made on -a vein about 11 inches wide with an oxidized iron content as exposed. The vein. strikes N70E., dips 70 degrees SF. Samples taken so far have all assayed "Trace". Job No. 22 This job is situated in the south central part of "XX" claim 110 meters east of the wcstern s urvey line at the point it passes the abandoned house of L. Bamba. It was slarted after Prospector Fajar. 0'0 traced float to an outcrop of very much decom路 posed quartz. There are many sma lI angula r inclu路 sion of clay in the quartz. The vein varies from 20 to 30 inches in width and is of a very laminated structure. There are sheets or pockets of yellow clay intruded betwecn layers of quartz. The vein s triked N35E , and dips 70 degrees SE. The vein has been exposed by a trench for a distance of 30 feet. A shaft is bein~ sunk on the east side of the outcrop in order to cut the vein at a depth. Are路 presentati,'e samnle taken across the vein, width 23 inches, assayed sa.so. FIELD PROSPECTING AND EXPLORATlON
Further exploration and prcspectinse of the Homestake claims was vigorously carried on by two well organized groups of prospectors under the direction of 'experienced hood prospectors.
PHILIPPINES The foIlowing is a report written by A. Hidalgo, summarizing the prospecting operations of Group No. 1 during the month of January. "During the first half of January, Group No.1 prospected on the northwestern half of the pro路 perty. The following claims were explored and the discoveries made in them were ns follows: "Inio"-two samples---one from stringer vein exposed by an open cut, the other from a big float. Coarse colors were panned from the creek of this region. "Titang"-the job 20, a stringer vein. Slight colors were seen from the creek. "Ramon"-in this place it is believed that exploration was once extensive as there are sixteen shafts and test pits and two long tunnels found. A soiod float ~ample wa'S taken here, but its origin was not located due to the confusing conditions of the surface, such as the "old workings," scattered floats, buried plates, jars, etc., and the heavy fault. In some three of the deep covered shafts, similar kind of quartz were found at their mouths, Small stringers were also seen in some of them. "AD-small floats with loosr rocks were found in the vicinity of old panning ho~es of Small Tayao Creek. "AB"-two trenches and an open cut were made to expose outcrops. Stringers of 4 to 5 inches thiek were seen in Big Tayao Creek. "Juan"-narrow stringers of quartz were only seen here. "Kiko", "Kid", "Beho", "AN", "SL", and "AT" - no samples taken.
"Bobby", "A,E ", found nor
OUtcl'OPS
With the rest of the half of January, Group No. 1 continued prospecting on the southeastern half of the property. beginning fl'om the south. "Pop"-a float sample was taken. "Caco"---colors could be panned from the creek, a branch of Matanglang Creek, A four inch stringer vein was exposed by shallow trenching and sampled. "AR"-floats were also found here, Of the rest of the claims in this distrlct, no colors, outcrops, or floats were found. In tbe upstream of tbe Tigbi River south of the boundary colors of fine ones could be panned.
227
Group No.2 under the o.'irection of N. Fajardo confined their activities almost entirely to tbe claims along the northern boundary of the western half of the western half the property. Many old working~ such as sha拢ts, tunnels, test pits, and trenches were discovered, also many favorable float. The "Old Workings" were explored when. ever possible. Stringers were found in some of them, Jobs No. 21 and No. 22 were started ns are. suit of the prospecting discoverie!'. of Group 1';0. 2. The following is a report written. by N. Fajardo summarizing the activities o! Group No.2 dur. ing the month of January. "The first half of January Group No.2 prospected the northwestern bouno'ary claims of the Homestake property. The following claims were explor ed and discoveries in them were as follows: "Landod' few and smal! float can be found, some very small stringers caD' be located. Panned different creeks but got 110 colors. "AL" was explored and found very small stringers too. Saw a small test pit and on the top found smaU floats. Panned the creek, got no colors. "XX" jobs 21 and' 22 are located. Three sman stringer veins were found, trenching was done. Panned the creek were these trenches were made and found, coarse gold near our survey line at the northeast corner "XX" claim. Up~trenm on this creek few colors were found. Exploration on this claim is very extensive because this claim contains so much float from whence samples were taken, It has more than 30 old shafts and test pits on it. A stringer 3 inches wide was found at the bottom of a shaft on the survey line near the abandoned house of L. Bamba. The pits and shafts are this point arranged in a row or line running east. They are 11 in number. In the 11th shaft east of the survey line, there is a stringer vein 5" wide. Other old shafts could not be explored owing to fallen earth. Panned the earth which covers the outcrop of Job No. 21, found coarse gold of pin he~d sizes. The place in 1/ty opinicn is very rich because fOT 8V81'Y panning we alwa.y s got gold. Panned Job No. 22, colors could be found but very seldom. "LV" claim. We exposed a stringer 7 inches wide nlong the survey line of our northern bound.
THE COMMERClAL
228
&
Ul'y. That samples could be Ioumi' in the western side of this claim , almost in the southwestern corner, and in the northweste"'l of claim "Inie." Trenching was made for the purpose of locating the origin, hut of no avail. "Panned the small different creeks but got no colors.'
Barrio «lid Bodoya CO)fsl1'ltcticm Job No, 15 This job covel'cd all construction activities at Camp No.1. Lahorers who hauled supplies up the riveL' other than cnnteen supplies wcre listed in the Labor reports under J ob No. 15. The following construction wel'C completed during the month. Cou.$t1'ucticm No. 11 No. 3 lnborer's house was completed. The bodega {Iud canteen underneath the superintendent's house wcre torn out and transiened to the lower floor of this house. Construction No.5 A central kitchen hou ~ e with stove9. S ize 11 x 8 ft. ConsLn.lctioll No.6 A two-hole sanitary latrine and house were built. A ~ncrete slab was poured. Cons/mclion No.7 ThIS is a house (17 ft. x 14 ft. x 14 ft. x ft.) built for C Malibiran and family. Malibiran is in charge of th ~pecial police work, SUrVl'\' line cleaning, barbed wire fencing, etc., for 1\",. A. Fajardo. In 5ddition to the above construction, many small improvements were made around the camp. 150 metel's of t\"'ai] was built and surfaced. The camp grounds were cleaned and graded to better insure the sanitation of the group.
ft,
HONG KONG MINES LIM ITED HeCld Office: Nielson & Co., Inc., Manila-Business: l\'[ining- Autllol'jzed CG;JJital: HK $2,000,000.00 Fully Pnid-in-Pal' l'ct/ue of SltUl'CS: HK $0.10P"illci,Jali/: L. R. Nielson, Chairman of the Board of Directors, David Au, Frcderick J. Gell~on, J. P. Won~, Chlll"les C. Stark-Telegraph: LinmahangB ank Referf!?Ii1€ . Hor.~ltlmg & Shanghai Banking Corpon'ltion. Attached hereto is a report by Nielson & Company, Inc., on the oper ations to date, of your property at Lin Ma H ang. You will note from the report that a considerable tonnage of new ore has been found and the prospects of the property are a great deal better than previously estimated. The mill which has been installed is one of the most modern and cHicient plants available and will
INDUSTRlAL MANUAL be in full opel'ation by Octobcr 1st.-By L. R. NIELSON, Chai1'l1lun of tile Boal·d. Hongkong, September 20, 1937. Board of Directors, Gentlemen: The following is a report on operations at your property to date, J\1i1ll;o . It is of :;pecinl interest that the ve:n has been cut in the lower 01' main haulage Tunnel and is of 1\ very high grade. This exposure is several hundred feet below any of the other workings and shows that ore bodies can be expected at lower hOI·izons. The vcin where cut, consists of 5 feet of allllost pure galena and of several feet more of (juartz and disseminated galena. The face of the X-cut is still in an ore-bearing host rock and the possibilities of finding additiona l ore bodies by extending the X-cut arc very good. This V -cut is being extended with this end in view. As soon as the mill is put into operation drifts will be sta rted on the vein on this level. At the present time all available space is filled wit.h ore from the J-cut and if drifting were to be start.ed there is no place to store lhe ore. S~op and Mine operation is being carried forwal'd and everything will be in readiness to produce the required daily tonnage when the mill starts. Yards & Buildings: The following buildings have been eompleted:Blacksmith Shop 'Val'ehouse Dynamite Magazine Office :l\Inchine Shop and Cap Ma!;t"azine Substation Compressol' House Three (3) Staff House Mill Bui lding Oil Wal'ehouse Coolie Lines HosI,>itai The Mess Hall, Assay Laboratory and Office Staff Quarters will be finished by the first of the montb. Power: Electl'ic power is being furnished by t.he China Light & Power Company. Compresl\ed ail' is furnished by two (2) 6000 cu. ft. Broom Wade Compressors and one (l) 250 cu. ft. Gardner Denver Compressor. P el'soll1lel: The property is completely staffed and all departments aTe ready for operation. Due to the fact that mining and milling is a new industry in the Territories it is hard to find trained labor. However, crews arc being broken in to do the work and within a few more months everything should bc running smoothly.
229
PHILIPPINES At the present time each n ew man has to be trained in his work and for this purpose a number of experienced miner s were br ought in from the Islands to act as instructors. TY 1)hoon Damage: While no serious trouble was caused by the r ecent typhoon, operations wcrc retarded for about two weeks. Mill: All machinery has been erected and is ready for operation. With the completion of the installation of the power line from the substation to the mill building, the plant will be ready for test runs. October f irst will see the mil! in full operation. NIELSON & COMPANY By: GEORGE SCHOLEY
REPORT OF THE
HO NGKONG AND SH ANG HA I BANKI NG CORPORATION Head Office: Hongkong-Mu1tila Ofh'ce: COl"ner of Juan Lu na and San Gabriel-B?'allches: London, New York, San Farncisco, Etc.-National1fy: British-Business: General Banking-Established: 1816 in Hongkong-AuthoJ"ized Capital: H$50,OOO,OOO.OO - fslnted and Paid-up Capital : H$20,OOO,OOO,OO-Principals ill Manila: C, I. Cookes, Manager, J. S, Watson, Accountant. HOSPI TAL DE SAN JOSE DE MANI LA Head Office: 69 Balmes, Quiapo, l\Ianila-Registe/'ed: June 7, 1935-Tenn: 50 years-Nationulify: F il ipino-hlcol'po1'atoJ"s and Directo1'S: Dr. J . Ma. Moreno, Senen J. Gabaldon, Dr. D. M. Santiago Felisa Roman and Ignacio Alcuaz-Treas!u'e/': Dr, D . l\1, Santiago, 756 Coromi n'as, JV[;mila.
COND~TION
OF
THE HONG KONG & SHANGHAI BANKING CORPORATION at Manila and Iloilo, Philippine Islands, at the close of business 31st March , 1937 LIABIliTIES
RESOURCES Loms :tad Di$counts." Overdrafts .. Cus tomers' Liability, T/R ..... ,"' ..... . Banking House, Furniture and Fixtures. Othcr Rcal and Chattd Property Owned . Due from Banks.. Cash .. .... .... ' ............. . Checlcs and Other Cash Itcms. Other Resources .. TOTAL. .
路P2,630,280.89 34,448.209.34 3,310.340.00 1,200,000.00 52,000.00 2,743,899.34 2,813S96.5 1 55,777.Q3 12,689.70 .. P47,296,792.81
CONTINGENT LIABILITIES Bills for Collcction. P 717,974.00 Exchange Sold.... ....... ...... ...... 3,728,181.00 Exchange Bought... .. .. .. .. .. .. .. .. 5,173,140.00 Unused Tn.vellers路 Letters of Credit. . 301,227.00 Unused Commercial Letters of Credit. 3,606,798.00 185,201.00 Liabilities of Customers alc Shipping. Other Contingent Accounts Guaran tees. 732,120.00 HEAD OFFICE-Dei:. 31st, 1936 Capital. ............... HK$ 20,000.(XX).00 Surplus :lf1d Profits . . . HK$ 118,214,739,42 , . HK$ 837,943,852.40 lli:posits.. ..... Toul Resources .... ,' . HK$ 1,130,667,558.61
Reserves . , Undivided Profits .. Due to Banks ....... Cashier's, Manager's and Certified Checks .. Individual Deposits Subject to Check ..... . Savings 3nd Time lli:posits .. Bills Payable . . Other Liabilities.. TOTAL..
P l ,723,807.35 371,684.55 2.1,950,305.96 94,887.81 12 .06~,S6 3.94
9,271,927.24 738.291.16 1,076,}24,80
.. ... 1'47,296.792.81
UNITED STATES OF AMERICA PHILIPPINE ISLANDS MAN ILA I, JAMES WALKER, of [he above 03med bank, do SOlemnl)" swear that the abol'e surement is true, to the best of m)" knowledge and belief. JAMES WALKER. Cedula F路 I(I651 Manila, Januar)" 4, 1937 Subscribed :lnd sworn to before me this 22nd day of Apr il, 1937. DOMINGO A. GUEVARA, Norary Pub/ir. My commission expires on December 31, 1938. Doc. 281. Page 34. Book IX,-Nouriai Register.
230
THE COMMERCIAL & INDUSTRIAL MANUAL
HOS1{YN & CO., I NC. Head Office: lIoilo. HOUSTON RUBBER COMPANY, I NC. H ead Office: 548 Rizal Avenue, Manila. P. 1.Nationality: American- Bus iness: Wholesale and Retail Merchnnts---EstablisJted: Sept ember 1st, 1928-P1'incipals: J. H. Murphy, President, J. J. Murphy, Manager, R. M, Murphy, L, 1\1:. IVlurphy. Jose Dacian-Attthorizcd CfLpital: Pesos 100,000.00 _Paid_in Capital: Pesos 37,500.00 - Pa?' vallie of Shares: Pesos lOO.DO-Annual TU1'l"tover: Pesos ISO,DOD.OO- Agents for Goodyear Tire & Rubber Export Company-7'elegJ~ph ..4ddrc88; Houstonrub--BanJ~ RefC'rence: Peoples Bank & Tru st Company. l. X. L. MINING Q.0 MPANY Head Office: 4th Floor, Soriano Building, Maniia-A1ItJun-.ized Capiled.: Pesos 1,000,OOO.00-lncorpora ted under the Laws of t he Philippine Islands-DiTectoJ's: Don A;}dres Soriano, President, J. Fraser Brown, Vice-President, Don J. T. Figueras, Director, J. H. Sampson, Director, Don Antonio Roxas, Director, A. M. Macleod, Director, A. Perkins, Director-Angel M. Varela, Secretary, A. M. Macleod, Treasurer, Fleming & Williamson, Auditors-Ballk Rejtrellce.'f: P eoples Bank & Trust Company; Crocker First National Bank of San Francisco. As of September 4th, 1937, official s of the company reported that production for August amounted to Pl 71,696.07 down approximately P16,OOO from t he previous month's output. The mill treated a total of 7,408 tons of OI'C. On Octobel' 4th, 1937, the company reported that production for the month of August amounted to P208,874.21, up approximately P27,000 over tho previous month's pour. Annual Report of the General Manager for 1936 -Development: A total of 214,000 tons of positive and probable ore averaging $4.08 was developed during the year a s a r ':!suit of some 10,650 feet of lateral and vertical work accomplished. This work was done on Balete NE-Balete SW -Bamboo vein ano: on six parallel (hanging wall) veins: Betel Nut, H ouse, Sunday, J oh n's Dog, 137 West and Central. Ba/de Nt-Ba/ete SlIJ_Bamboo . Vein-This vein, traceable 011 the surface for a distance of some 3,000' was developed in regions of three known ore shoot s:
E.
Baitte NE:-Re-su rvey and thorough resam. piing of the open cut area which include9 upper portions of John's Dog Central and 137 West vein as Balete NE shoot indicated a positive block of ore of 116,000 tons averaging $2.42 per ton. Additional work is necessary to fully develop this shallow low grade area which is being mined by the glory hole method, ot a pre!ent C09t of 32 centavos per ton. Balct.e SW: Exploration of boundaries of this ore shot above 230 level r esulted in development of 35,000 tons of ore. Some of this ore was developed in a f oot wnll nrea of hard quartz structure from which no Ol'e had been previously mined. It i! expected to cut the extemdon of this ore shoot on the 430 level within 3路4 months and both the 230 to 330 to 430 blocks will be developed from that level. B a.'mbo V eins: Surface samples taken in connection with the proposed development of a strong outcrop some 900' west of Balete SW area indicated presence of this ore shoot. To date a limited amount of work has been done in this area with encouraCing re~ults . The shoot will be further developed through proposed extension of the 430 level and by dinmond drilling below t his level.
Post Office Box 651
HOUSTON RUBBER COMPANY, INC
Goodyear Tires for Automobiles, Trucks and Busses, Tire Repairing Tire Accessories.-Solid Tire Press
548 Ri za l A venue Manila, P. 1.
PHILIPPINES
231
I.x.L. MINING COMPANY Balance Sheet, as at December 31, 1936 ASSETS
UABILmES Capital: Aurhorized10,CXXl,CXXl Shares of 10 Centavos Each .... 'PI,CXXl,CXXl.OO Issued and Fullv Paid10,IXlO,CXXl Sh'ares of 10 Centavos Each .... 'Pl,ooo,ooo.OO General ReservePremium on Sale of Stock 130,CXXl.00 Current Liabilities: Accrued Payrolls .. 'P 10,198.53 Drafts Accepted. 76,49}'00 Accounts Payable .. 148,424.28 4l,)57.}8 Accrued Tal(es ......... . 2oo,CXXl.OO Dividends Payable ( Nos. 1-4 ) . Miscellaneous Li"biliti es. 1,798.98 478,172.17
Fixed Assets: Mine & M ining Properties.. . 1"824,612.55
Less: Reserve for Mine Amortiladnn ...
78,444.94 1'746,167.61
Mill & Mill Machiinery .. '" ... ' .... PS3),271.68 MiscdJaoeousBuild87, 109.23 iogs. . ... .. .. .. . Miscellaneous Equimcnt.. 309,102.18 7~929,483.09
Less: Reserve for Dcprcci:l.tion..
Roads
&
58,346.01
Bridges ....... >,. .
871,137.08 52,209.67 1,669,514.36
CutTent Assets:
Cuh on hand and in Bllah. .. f' 40,490.64 287,672.48 Bullion in Transit. 5,246.40 Accounts Receivable. Government Deposits .. . 305.00 110,857.88 Warehouse Account ......... '" 15,194.51 Store Inventory .............. . 6,237.00 Equipment & Supplies in Transit Deferred Charges: Prepaid Insurance. . Miscellaneous Prepaid Expenses..
~ 237.11
),114.)5
466,CX)}.55
3,351.46
--'--==-------~
200,000.00
507,457.35
~
1'2,138869.37
CharlmJ A«Qunttfnrr AIIJirQrs.
OPERATING ACCOUNT, for the Year Ended Decem~r 31, 1936 To Operating Expenses: 'I" 299,803.s:~ 174,0}4.04 Marketing ......... . 21,561.24 General Overhead. 179,011.53
~wm~~:::: :::::: :::: .
P 674,410.34 601,216.52 1'>1.275,626.86 By Operating Revenue: Sale of Buition .... . .
Deduct: Dividends Nos. 1-4 Dc· c1ared and Payable January 15tb, 1937.
(Signed) FLEMING & WILLIAMSON,
$oRIANO,
PnsiJtllf.
To Opaati.ng Profit-transferred to Profit & Loss Account (Below). ..... .
23,239.85
1~707,457.35 5,246.~
'~2,138.869.}7
APPROVED: (Signed) A.
I.X.L.-Argos Syndicate. Surplus Account: As at December 31st, 1935 ..... 'P167,8}4 92 Add : Net Profit for Ycar Ended December 31st, 1936. 539,622.43
"'1,275,626.86 1'1 ,275,626.86
PROFIT AND LOSS ACCOUNT, For the Ye ar Ended December 31, 1936 To Income Tax .... 'P 32,3n.35 ,. In{("re$t Paid .. U16.07
26,981.17 70.76 4,465.22
,. Directors' Fees ........ . ........ . , Exchange Loss on DlsposHlon of Capital Asscts. • OrganIZation Expenses Wntten Off ... . .. Prior Years' Profits & Losses ...... . ,. Miscellaneous Non-Operating Expenses. ., Net Profit-Transferred to Surplus Account..
1,371.l4 3,239.12
l' 7LnO.83 539,622.43
--1~
611.343.26
By Operating Profit-Transferred from Operating Account (Above) ............... . 1.' 601,216.52 .. Interest Earned ................ " .. , ..... . 47.23 .. Profit from Tre:lt!ncnt of IXL-Argos Syndi2,643.74 cues Concentrates .. . ... . .... ' ....... , ,. Profit from Store Operation ...... . 6,827.25 .. Profit from Icc Plant Operation .. 228·92 ,. Miscellaneous Income .. 379.60 f'6ll,343.26
232
THE COMMERCIAL & INDUSTR IAL MANUAL
Betel Nut Vein : Development work on this ..Iein resulted in a laternl extension of the rna.in ore shoot on 230 level; the discovery of an ore shoot on a hanging main and vertical extension of th\: mnin or s hoot to 330 level where a good grade of are was exposed for 400' along the strike. Development of the 430 level ha~ not been completed; to date this work indicates low values along the main drift west of the shaft. A totuJ of 30,600 ton s of positive ad probable ore a veraging $9.73 was develope>d On this Yain. H ouse, 173 W est, John's Dog and Sund:;,y VeinS: Additions to the OI'C reserve :l~ a :'csult of d evelopment work on these veins w:"\s us follows: J ohn's Dog Vein; 4,6:::0 tons @ $5.07 (Positive) H ouse Vein: 7,125 ton @ $5.73 (Probable) 137 West Vein: 6')400 tons @ $6041 (Po::it ive) Sund~y Vein: 7,700 tons @ $3.20 (P robable) Future Develolmumt: During 1937 it is planned to concentr ate development on the Lower levels of Balele S and on the Bamboo ore shoots and on undeveloped area between these shoots. Considerable work will be done in the o~en cut Inea with the object of delimiting t he boulldal(ies of the low gr:\de or e. Routi ne development of other veins will be continucd. Mining: A total of 62,661 tons of ore a"e1'8ging $7.93 was mined during the year.
Except for a ter.,por:'tI"Y suspens ion of operations in the open cut area during t he rainy season, 1111 developed sections above the 230 level were mined cOlltinuaJly. No ore w:'ts mined below the 230 level, but conside::able tonnage was produced from development ht!adings On 330 le\'el. A new hoi rt will be installed early in 1937 to faCiliw.te the mining and the development of t he lower levels. 'rhe Mine was in excellent condition throughout the year with a sufficient number of StOPC2 open to aSsure uninterrupted deliveries.
Milli1!U: A new mill cons isting of a }50 tl)n I'ated capacity flotation section and a 25 ton cyaniue section for t he treatment of concentrates of both IXL and Argos mills started operation in February. Some difficulty was experienced in flotation of oxidized ores particularly f r om the open cut area. and it soon became apparent the com monies would be effecteQ' by the addition of a cyaniding unit for the retreatment of flotation t a ils. The construction of thi ~ unit was started early in July and compl eted in 'December. The result of this work was a steady improvement in recovery and increase in tonnage and production. In December 7, 116 tons were milled anu, with tailing plant in operation, OVC:l'a ll recoverl' of goM wa s over 90 % .
Send It B)I Ail' and Sp eed It There
ILOILO- NEG ROS AIR EXPRESS Co., INC ILOILO CEBU MANILA
BACOLOD DAVAO SURIGAO
INAEC MANILA TERMINAL
PHILIPPINES Tests are nuw being made with a view to improving the recovery of silver. Total Value of gold and silver bullion produced was Pesos 1,511,196.90. This amount included Pesos 242,343.48 produced from treatment of concentrates from Argos Flotation plant. Power InstaUation: To meet the continually expanding demand for power, a new 900 H. P. Diesel Engine was installed and put in operation in May. Later in the year it was considered advisable to replace the two 320 Er. P. units with a second 900 H. P. Upon completion of th is installation, the mine will have 1,800 H . P. This will be considerably in excess of the present peak loads. IGOROT OLD GOLD MINES CO., INC. Head Offic6: 409 Evangelista, Quiapo, Manila~颅 Registel'cd: Septembet 28, 1936-l'erm: 50 yearsBusiness: Mine and Mineral Claims; Exploit the water, Water rights, Timber, etc.-Nationality: Filipino - Capital Stock : Pesos 100,00'0.00 divided into 10,000,000 shares of the pal' value of Pesos 0.01 eaeh-Subscribed Capital: Pesos 20,OOO.00-Capital Paid: Pesos: 5,000.00-incorporators and Directors: Vicente G. Alberto, Felix V. Laguitan, Enrique Kerr, Enrique C. Lopez, Eduardo Kerr, Dionisio Cerrillo, Emilio Sta. Rita, Pedro J. Ocampo, Federico V. Laguitan, Francisco Canonizado and Jose Roldan. (Enrique C. Lopez, Dionisio Cerrillo, Emi!io Sta. Rita, Pedro J. Ocampo and Federico V. Laguitan, are incorporators only) T1'eaSUJ'er: Enrique Kerr, 1822 Felix Huertas, Manila. ILD COSCOLLUELA AND COMPANY Head Office: M-anila- Regi8te1'ed: October 16, 1936-Busine88: Brok~rage-Natiouality: Filipino_ Capital; Pesos 100,000.00-Capital conbribltted by each pa1路tnel'" Ildefonso Coscollue1a, Pesos 100,000.00; Nicolas I. Misa, Industrial. C. ILLIES & COMPANY Head Office: Hamburg, Germany-Manila Office: 550-554 San Luis, Ermita, P. O. Box 1629Branchc8: Kobe, Yokohama, Berlin, Osaka, Dairen, Mukden, Manila-Nationality: German-Busincss: Importers; Manufacturers Representatives-Established -in ~"e FM East: l859-Agents for: Robert Bosch, A. G., Stuttgart, Germany j United American Bosch Corporation, Springfield, Mr.ss., U.S.A.; C. A. L. Bosch, Ltd. London-Tclegraph: "Boschilli" -Private Partnership-Bank Reference: Hongkong & Shanghai Banking Corporation.
233
ILOILO-NEGROS AIR EXPRESS CO., INC. Head Office: Iloilo, lloilo - Branches: Manila, Cebu, Davao, SUl'igao-Nationality: FilipinoBusiness: Air Transportation- E 8tablished; 1933Pli,lcipals: Maria Lopez, President, Salvador Araneta, Vice-President, Eugenio Lopez, Secretary_ Treasurel' and General Manager, Carlos Lopez, Operations Manager-Capital: 10,000 Shares non pal' Valu.:r-Bal1king Refel'enc6s: Philippine National Bank, Hongkong and Shanghai Banking Corporation. ILOCOS ASBESTOS MINING COMPANY Head Office: 101 Nueva, Manila-Registered: October 5th, 19S7-A~tt"orizcd Capital: Pesos 450,000.00; Sub8cl'ibed: Pesos 90,000.00-Paid_in: Pesos 23,715.00-Nationality: Filipino-Incorporators:_ Louisa E. PUrisima, Licerio O. Floil'endo, Pablo L. Bustamante, Pl'udencia E. Villasenor and Abelal'do Diaz. ILO COS MANGANESE: lIUNING CO., INC. Head Office: 6 Barmea, Manila-Mining Camp: Laoag, I10cos Norte- Nationality: Filipino -Busi11e,s.. !\fining-AuthoJ'ized Capital: Pesos 300,000.OO-Paid_ill Capital: Pesos 265,106.00-Pal' Vallie 0/ S1!al'es: Pesos 0.lO-P,路iucipaI8; Alfonso Z. Sycip, President and Treasurer; J. W. Ferrier, Secretar\y, Vicente Aldanese, J. J. Rafferty, iUiguel Unson, E. E. Win~,-7'elegrapk: l\IanganeseBank Rcference: China Banking Corporation. {LOCOS 'M ERCHANTS' ASSOCIATION or IMA Head Office: Vigan, llocos Sur - Regi:;tel'ed: October 1, 1935-Tcnn: 50 years - BlIsiness: To engage in wholesale and retail business, to manufacture any salable commudity, and to establish vocational schools fol' the eaucation and training of those who are interested in the manufacturing business, etc. - Nabionalily: Filipino _ Capital Stock: Pesos 10,000.00 divided into 2,000 shares of the par value of Pesos 5.00 each-Sllbscribed flud Paid-in Capital: Pesos 2,000.00-iucorpo)路atol's and Directors: Felicisima Villanueva, Ursula Villanueva, Roman Florendo, Jose Villanueva Hijo and Josefina Jaime de Villanueva-Treasll?'el': Ursula Villanueva, Vigan, I1oeos Sur. ILOCOS NORTE MERCANTILE CO" LTD_ Head Office: Laoag, I1ocos Norte-Regtstel'ed: September 27, 1935-Term: 50 years _ BIlsiness: i\Ierchants-Nationalitv: Filipino--Capital Stock : Pesos 40,000.00 divided into 2,000 shares of the par value of Pesos 20.00 each--SubscI'ibcd Capital:
THE COMMERCIAL
234
&
Pesos 20,O'OO.OO-Ca.pital Paid: Pesos 5,vUO.OO-InCOTpOI'atoT$ and DiJ'ector8: Cosme J. Jacinto, Silve路 rio Cnday, Andres Daquioag, Marcial Bondok, CatalillO Alcaraz, Pascu:l j Baro:dan, Re:'ll1;',nd::. Miguel, Bias Guitao, Valentin Alip io and Ceferino Sebasti9n-Treas-urer: Catalino Alcaraz, Soloona, 110C09 Norte. ILOCOS NORTE MINING CO., INC. Head Office: 217 Regina Bldg., Manila-RegisteJ'cd: November 13, 1935-Tel'm: 50 years Busin.ess: Mining, PIncer mining, Milling, Concentrating, Converting, Smelting, Selling, Exchanging, Producing and dealing in gold, Silver, Copper, Lead, Zinc, Brass h 'on, Steel, T~imestone, and Ores, Metals and Minirr Is, etc . -Na tionali~: American -CU/pital Stock: Pesos 10,000.00 divided into 10,000 shares of the pnr v:llue of Pesos 1.00 e."Ich~ Subsc1'ibcd Capital: Pe ~os 2,OOO.00-Capital I\Jid: Pesos 500.00- l ncol-po\atol路s and Directo1's: H. Carson, J. L. KiaI', C. de G. Alvear, D. L. Minnich and Edward ~er - T ?'easurer: D. L. Minnich, San F ern ando, La Union. THE ILOILO GRAND CA FE, INC. Head Office: Iloilo, Iloilo-Registered : J uly 25,
BOSCH SA L ES & SERV I CE
INDUSTRIAL MANUAL 1936 - 7'erm: 25 years - BlIsiJless: Restaurant, Hotel, etc.-Nationality: Filipino_Capital Stock: Pesos 20,000.00 divideci' into 200 shares of the par value of Pesos 100,00 each - Subscribed Capital: Pesos 4,OOO.00-Capital Paid: Peeos 3,934.00-1ncorporators and Diroctol'S: Aquiles Laguda, Felipe Q. Uson, Santiago E. Yap, Benjamin Tejada, Raymundo Man-ahan and Lui Shiu Yan. (Raymundo Manahan, is an incorporator only)-TToa.8'Urer: Felipe Q. Uson, Iloilo. I NDANG ELECTRIC COMPANY, I NC. Head Office: 103 Balmes, Mani la-Rogi8tered: June 25, 1935-Tenn: 50 years-811silles8 : To er ect electric plants in the m unicipa lities-Nut:ionah'ty: Filipino-Capital S tock: Pesos 200,000,00 divided into 200,000 shares of the par val ue of Pesos 1.00 each - S1tbscribed and Paid-in Capital: Pesos 60,005,00 all in property-Inco1'po1"ator8 and Diroctors: J uan T. Santos, Arsenio Solidum, J. Rodriguez RipolJ, Francisco J. Aguado and Conrado Costa-TreMllrel'; J. Rodriguez Ripoll, 970 Magdalena, Manila. ILOG COCO PLANTERS' ASSOCIATION Head Office: San Pablo, Laguna-Rsgi.stored:
INDEPENDENT PUBLISHING COMPANY
for the Ph ilippines
C. ILLIES & Co. 550-554 San Luis, Ermita Tel. 5-69-89
P. O. Box 1629
MANILA
MANILA PHILIPPINES
PHILIPPINES September 28, 1936, - Tll"m: 50 years-Business: Copra, Coconut oil and other coconut products. to facilitate loans to its stock holders ana for othel" purposes, etc. - Nationality: Filipino - Capital Stock: Pesos 20,000.00 divided into 2,000 shares of the par value of Pesos 10.00 each-Subscribed Capital: Pesos 4,OOO.OO-Capital Paid: Pesos 1,000.00Incorporato/'s a1/d Direct01"S: ApoJinar Alimario, Gil Baldovino, Juan Cigaral, Cl:I.ro Punto, Serf'io Capistrano, Antonio Capistrano, Porfirio G€smundo, Marcial Ticzon, Tito Balcita and Jacinto Magnaye. (Tito Balcita, is an incorporator only) and (Florencio Punta, is a director only)-T1'casurer : Sergio Capish'ano. San Pablo, Laguna.
ILOILO DISTRIBUTING CORPORATION H ead Office: Iloilo, Iloilo, P. 1. - Registlwed: April 8, 1935-7'e)'m: 50 years - Business: Philippine products - Nationality: Filipino - Ca-pital Stock: Pesos 20,000.00 diviO'ed into 2,000 of the par value of Pesos 10.00 each-Subscribed Ca-pital: Pesos 4,010.0Q.-CapitaZ Paid: Pesos 1,810.00 - I1tcorpora-tors and Directors: s\ntia,!O de In Ro:ro., Ed'tardo Jalandoni, Gil Jalandoni, Victoria G. J osena a nd Encarnacion Gonzaga-Treasu1'Ew : Eduardo Jalandoni, J aro, Iloilo.
•,
235
INDIA N COMMERCIAL COMPANY H ead Office: 328-330-332 Dasmariiias, ManilaBranches: 114 Calle Nueva, Manila; 62 Yangco M-arket, Manila; 729-731 Tabora ; Gibralt:'.rj Ceuta; Dalarnal & Sons, 76 Yamashita-cho, Yokohama ; Dalarnal & Sons, 16-18 Isognarn idori 4-Chome, Kobe -Nationality: British-Indian- Blt8iness : Silk & Cotton Piece Good~-Established: 1926-P rivate Partnership-Ca-pital: Yen 1,000,000.00--Bank Referonces: Chartered Bank of India, Australia & China; Hongkong & Shanghai Banking Corporation. INDUSTRIAS CONSOLIDADAS , I NC. Head OUice: 340 Kneedler Bldg., Manila-Registered: October 14, 1935-Term: 50 years-Business : I mport Mel'chants- NaJtionality : SpanishCapital Stock: Pesos 200,000.00 divided into 2,000 shares of the pal" value of Pesos 100.00 each Subscribed Capital: Pesos 41.000.00-Capital P'1otd: Pesoi!\ 10,250.00-lnco1·1l0rators and DirectoTS: Enrique Carrion. Santiago Carrion , Leopoldo Khan, Enrique Vazquez-Prada, T irso Lizarraga, Antonio Macleod and Buenaventura de Erquiaga_Treas_ urer: Antonio Macleon', 3 Palm Court, Pasay, RizaI.
Send It By Air and Speed It There
ILOILO-NEGROS AIR EXPRESS Co., INC. ILOILO - CEBU - MANILA - BACOLOD - DA V AO SURIGAO PASSENGER FARES I1~jf" T,,; Iloilo ............. 1" 49.00 Ccbu . Surig:lo . Bacolod . . .. ". 54.00
M1snilll T"..
Davao . Ccbu .......... . ... i" 55.00 Surigao. . ... P 85.00 C.bu T".. Sudgao . Davao ............ i"105.00 Sutigao to Davao ... i" 35.00 Davao
. .. f" 20.00 . ... 1~ 50.00 .. P 70.00 . P 30.00 . P 50.00
INAEC MANILA TERMINAL
2)6
THE COMMERCIAL & INDUSTRIAL MANUAL
INHELDER, WALCH COMPANY, LTD. Head Office: Manila-Nationality : Swiss-Business: Textile, Pharmaceuticals ; Medical Equipment-Established: 1921-Pal'tncl'ship between H. Inhelder and E. Walch-Authorized Capital: Pesos 80,OOO.OO-Ammal Turnover: P esos 600,000.00Agents /01': F. Hoffman La Roche & Co. Basel; Sandoz Chemical Works, Basel, Society of Chemical Industry "Ciba", Basel - Tclegru1>/I: "Walinder "Bunk Reference: Char ter ed Bank of India. Australia & China . INSTALLMENT SALES COM PANY, IN C. H ead Office: 508 Evangelista, Quiapo Rcgistered: May 20, 1036-1'(;)")11: 50 years-Busines.; : Mnnuf,lcture, Iml)Ol't and Export, Household goods, Materials, etc. - Nationality: Filipino - Cwpital Stock: Pesos 20,000.O~ divided into 200 ~hares of the par value of Pesos 100.00 each-S1lbscribed Ca· pita/: Pesos 8,000.00 - Oapital Paid: Pesos 2,000.00 -lncorpondors a11d Dire'ato/'s: Wm. Powell, Max Warne, Laura B. Powell, Philip Weinstein and Juan G. Quijanc>-Treasurel': }\.fax Warne, 2! Santa Rita, San Juan, Rizal.
INSTITUTO DE TERAPEUTrcA F IS ICA INCORPORADA He(ul Office: 21 Gral. Solano, Manila--Reglslcl" cd: October 8, 1935-Tcnn: 50 years - r:u.;ine8s: The est ablishment and operation of a (pedic· surgery, radiological and electr othempic cente:r with necessary apparatus and accessories, etc.-Nation· ality: 'F ilipinc>-Capital Stock: Peso!') 30,000.00 di· vided into 60 shar es of the par v,alue of Pesos 500.00 each-Subl>c)-ibcd Mld PaM.-h, Capital: Peso.,; 29,OOO.OO-lncO'·pm·ato/·s and Dh-etJtol'I>:-Antonio 'iasquez, Jesus Azcona, Filemon Perez, lUelchor Javier, F elipe Gomez and Gregorio T orroba-Treasllrer: Jesus Azcona, 21 Gra!. Solano, Manila. INSULAR ARRASTRE SERV I CE, I NC.
H ea(l Office: 9 Lack & Davis Bldg., Manila- Re· gistIH'ed: January 19, 1937-Tcrm: 50 year s-Busi. ness: Transportation-Natiollality: Filip ino--CapitaJ Stock: Pesos 130,000.00 divided into 1,300 share.,; of the par value of Pesos 100.00 each-Subscribo,ld and Paid·in Capital: P esos 26,OOO.OO-.lncolpora. tors: Teodoriea R. Vdn. de J ose Guillerl!'io J . J03t·, Antonio Syynp, Albel·to Johnson, Leonol' Johnson,
Encarnacion J. de Jose, Alejandra Ibaiiez, Victor John!!'on, Jose Sebast.ian, J esus J. Santos, EtlU81'do C, Jose, Pablo V. Jose and Buenaventura Bilbao. INSULAR CHROMIUM MINING CORP.
H ead Office: Room 304 Samanillo Bldg., Manila R egisttred: October 8, 1936-Tel'lIl: 50 ycar ...... Busi1!e8s: Mining P lacer mining, Milling, Concentrating, Convertin g, Smelting, Manufacturing, Buying, Selling, and otherwise producing and deal· ing in chromium and all kinds of ores, metals ami; minerals and the products and by-products, ete.Nat.ionality: Filipino--Capital Stoc/;: Pesos 1,006,· 000.00 divided into 100,000,000.00 shares of the pal" value of Pesos 0.01 each-Sltb8cribed Capital: Pc· so!!' 200,OOO.00-Capital Paid: Pesos 50,000 .Ou-Fe· lipe Laguatllll, J. M. de Santes, S. O. Lindogan, Marina Montilla and D. B. Ambrosio-T1"~adltre,. : J. M. de S:mtos, Manila, Philippines, INSULAR DRUG COMPANY, I NC.
Hcad Office: 153 Juan Lun a Street, Manila, Philippine I slands - NIltio)tality: Filipino - B lIsi· 'lIeS8: Importer s of Drugs, Chemicals and Pharma· ceuticals-Establidhccl: 1921i incorporateci' 1927 AuthOl"ized Capital: P esos 300,000.00 - Paid Up Capital: Pesos 275,000.00 - Pa1' I/a/lte of SI/fJ:rc.~ : P esos lO.OO-Amll/al TlIrl!OVtW; Pesos 1,000,000.00 7'clcf/raph: "Indug" - Codt'lI: All Modern Codes1'mde Mal'/;: I NSCO - Prillcip.l ls: A von Arend, President and General Managel', Max Kummer, C. Boysen, S. Enriquez - Branches: Cebu , 1I0iloAgencies: Sharp & Dohme, Philadelphia; Davis & Geck, New York; The Bay Coml/any, New YorkBaIl11," RefeJ"cllcc: National City Bank of New York. IN SU LAR HY DRO CA RBON S, INC. H ead Offic.c: Room 304 Brias Roxas Bldg., 1\1a· nila-Regist.ue(l: April 24. 19;}6-Te")II: 50 yea r s -Business: Petroleum, Minera! oils, Natural gas, etc.-Nationality: Filipino- Capital Slocl~ : Pesos 160,000.00 di"i~ed into 160,000 f;hares of the par \'aiue of Pesos 1.00 each-Sllbscl·jbcd Cal)itai Paid: Pesos 8,OOO- lllcorpol'atorn aJld Dircc.lors: Nicolas Lizares, Alfredo S. Paredes, Evnristo A. Picazo, Pesos 32,000.00-Ca1)ital: Pe90s 8,000.-111(:01·110rators and Directors: Nicolas Mcneleo Carlos and Manuel Sevilla-TI'ea8l(rer: Evaris10 A. P icazo, 727 Florida. Manila.
PHILIPPINES I NSULAR INVESTMENT & CREDIT CO., I NC. Head Office: 21 Plaza Moraga, Manila-Regi8~ tered: August 20, 1935-Ter'm: 50 years-BiU~i ness: To Purchase, Sell, Exchange, Discount, Negotiate, Deal in or with, Issue, and acquire any and all kinds of bonds, Mortgages, Credits, Debentures, Coupons, Bills of exchange, Promissory notes, N egotiabJe instruments, and aU kinO's of securities, Including the granting of loans, etc.-Natwnality: Filipino - Capaal Stoc'~: Pesos 200,000.00 divided into 2,000 shares of the par value of Pesos 100.00 each-Subscribed and Paid Capital: Pesos 104,000.00 - Incorporators: J. Antonio Araneta, Consuela Araneta, Rosa Araneta, Ramon J. Araneta and Teresa Araneta-Di1'cctO)'s: Jose Araneta, Carmen Z. Vdn. Araneta, J. Antonio Araneta, Rosa Araneta and Ramon J. Araneta - Treasurer: Roman J. Araneta, Manila, P. 1. INSULAR INVESTMENT, INC. Head Office: I nsular Dife Bldg., Manila -Registered; June 6, 1936- Term.s; 50 year~-Bllsiness; To Purchase, Sell, Exchange, Discount, Negotiate, Deal in or with, Issue, and acqu1r e any ano all kinds of bonds, Mortgages, Credits, Debentures, Coupons, Bills of exchange, Promissory notes, Negotiable instruments, and all kinds of securities, etc.-Nationality; Filipino-Cupif(,l Stock: Pesos 1,000,000.00 divided into 10,000 shares of the par value of Pesos 10.00 each- Subscribed Capital: Pesos 285,300.00Capital Paid: Pesos 7l,325.00-incol·1}orators and Directo1's: Jose Araneta Salvador Araneta, E. J. Deymeck and J. Antonio Araneta. (Salvadol' Zaragoza ana Ramon J. Araneta, are incorporators only) and (Jose Araneta y Soriano, "is a directoll only)Tnm-8wm·: Ramon J. Araneta , Manila, PhilippinES. THE INSULAR LIFE ASSURANCE CO., LTD. A group of far-sightec4' business men organized and incorporated the Insular Life Assurance Co. , Ltd., on November 25, 1910. That their judgment was good is evidenced by the present size and strength of the Company. Under the leadership of its first president, the Company started business in moci'est quarters in the Lack & Davis building on Calle Echague. I n 1930 just twenty years after its founding, the present be-autiful Imular Life Building opened its ·doors to the public. The new structure, nt the foot of the Jones bridge, is seven stories high, made of rein-
237
forced concrete facing two plazas-Moraga on the East and Cervantes on the North. The fiI·st Board of Directors was confronted with the stupendous task of educating the public to the necessity of Life Insurance. Foreign companies haei: been operating in the I slands for some time, but the Filipino people had not a~ yet realized the importance of Life Insurance. Likewise the I nsular Life had to demonstrate to the public that it was a good company and that money invested in it was safe. In 1933 the Insular Life forged ahead of its competitors in "new business" sold and since that time it has kept the distinction of being the largest producing life insul·allce company in the I sland!':. I n fact, accol'alng to the latest report of the Insurance Commissioner, in 1935 the Insular Life sold more life insurance that the combined total of its two nearest competitors. GROWTH
From a very modest beginning, the Insular Life has risen to be a dominating power in Life Insurance in the Philippines. The Company has a paidup capital of Pesos 1,000,000.00 and a surplus over its lega~ obligation of more straw 1,500,000.00. The steady growth of the Company can be attributed to three things: L The pursuance of a sound investment policy. 2. The careful selection of risks by t.he Medical Department. 3. The intensive selling program carl"ied on by the General Agent, AIr. C. S. Salmon, through the Life Underwriters. INVESTMENT POLICY Like other insurance companies, the Insular Life was formed for the purpose of furnishing aid to the family in time of need. I n order to 0'0 this the Company must keep funds readily available for such purposes. This has been done by diversifying the investment of the Company's funds. The Company invests in first mortgages upon improved real state, in good stocks, bonds and policy loans. At the same time a sufficient amount of cash is kept on deposit with local banks to meet daily obligationl';.
THE COMMERCIAL
238
&
The Company's investments are not limited to one type of security nor to placing fund s in one country_ The funds of the Company are invested in Europe, Asia, the United States and the Philippines. The Board of Directors' judgment has been justified by the r esult of t he last depression, a~ t he Insular Life witbstooC;- the devastating effects of said depression, and emerged in a str onger financial condition than ever before. By not investing all of its funds in one country, the Company and its policyholders have been able to derive the advantages of a continued prosperity. In all business concerns the various departments must .cooperate and ,g ive the best of t heir ability for the good of the comllany or el se that the company will not be a great success. Cooperation and hard work are the reaSOns for t he success of the Insular Life.
Under the gUidi~ hand of Mr. C. S. Salmon, the Life Underwriters 01 the General Agency have worked diligently to brin~ the benefits of life in:sur ance to the most remote banios in the Islands.
INDUSTRIAL MANUAL The hard work of the Insular Life Agency force has been responsible for the more than Pesos 44,000,000.00 of insura nce in force in the Philippines and the Territory of Hawa ii . Today t he Insular Life leads all other life insurance companies in the blends in ne.w business sold. TilE PRESWENT S
Since its incorporation the Insular Life has had but three presidents, Don Antonio M. Barretto, H on. Teodoro Yangco and Don Vicente Singson-Enca rn acion. Don Antonio 1\1. Barretto served from Nov. 25, ]910 to ]912 as president. Upon his retirement Hon. Teodoro Yangco was elected to head the Company. Don Teodoro is not only a successful business man but also is imown as the g)'ea t Filipino Philanthropist . He is intensely interested in young people and has concentrated hi s labor in promoting the Y.M. C.A. work in the Philippines. Mr. Yangco served t he Company for one year.
THE INSUL ~R LIFE ASSURANCE COMPANY, LTD. BALANCE SHEET, DECEMBER 31, 1936 LiABILITIBS
ASSETS
f> 1,942,463.74 .. 4.. .. Loans .. . . 2,763,97S.54 Poilc)' Loam . .. .. . Investments:-In Stocks and Bond~ '1'3,911,288.95 Less Reserve for InvestmentS '1'100,(0).00.. 1> 3,811,288.95 In Iteal 4,500,288.95 Estate. . . 689,000.00 12,S43.94 Property by Foredosure . .. .. . . . Net Deferred and Outstanding 354,084.86 Premiums. 108,207.62 Sundry Ot:btors . . . .. .. . ...... . 2,040,047.64 Bank Balances & Cash on Hand .
MO~lg age
1~1l ,72I,61l.29
P 867,978.00 ("_"') IncreOlSC in Leg",1 Reserve ... <-.b) InereOlSC In Reserve fo r DIp. to Polteyholders . _ _ ---'J""~,~840""." J4
RESERVES:C--a) Lesal Reserve Prescnt value of Future In$falJ· menu under Disability CI",ims
6,91 1,383.00
'I~
S7,407.oo 'l" 6,968,790.00
C·- b) Re se rve for Dividends to Policyholders. . . . 1,290,0]5·88 Employees' Pension Fund ........ . Ot:ath Claims Unpaid , Pend ins Completion of Documents ........ . . . ' . Annuities, Matured Policies and Dh·idcnd Pending .... ........... .. Dividends and Claims Left wi th the Company to Earn Interes t .. Premiums Paid in Advance... Sundry Crediwn; .... ' " .' . . ..... .• .. Provision for Divide nds to Sbaw holders. .. .. . ..... . .... .. .... . Capital Full}' P",id .. , ..... . Surplus as of Dccemba 31, 1936 .• .
Total amouD t of insurance in force as of December JI. 1936 . . ... · .· Total benefits paid by the company since its orgaoiution in 1910..
P44 ,401.627.Q) 'l~11,170,939.80
l~
8,258,825.88 1ll,478.23 32,415.38 31,343.96 15,1l9.89 261, 159.34 239,4~ .98
3O,00J.00
1,<XXl,OCO.OO 1,64 1.81 2.63 PJ1 ,721,612.29
PHILIPPINES DON VICENTE SINCSON-ENCARNACION
The third anci' present president, Don Vicente Singson-Encarnacion, was elected to his present office upon the retirement of Hon. Teodoro Yangco and has been with the Company as its guiding hand continuously except when he was drafted by the government to serve in such impol路tant positions as Secretary of Agriculture and Commerce and later as Secretary of Finance. A brief glimpse into Don Vicente's life shows that he is an IJocano by birth. He was born on August 5, 1875 in Vigan, IIocos Sur, the son of Agripino Singson and Benita Encarnacion. He graduated from the Atcneo Municipal with an A. B. degree, completed his law course at the University of Santo Tomas ami' at the Liceo de Manila. He was admitted to the bar in 1901. Appointed provincial fiscal of nocos Sur an.,d Abra, 1901. He was a member of the first Philippine Assembly; member, Philippine Assembly 1907-1913; member, Philippine Commission 1913-1916; member, Philippine Senate 19161922; member, Philippine Independence Commission 1918. He served as Secretary of Agl'iculture and Commerce, and later as Secretary of Finance. He is president of The Insular Life Assurance Co., Ltd., president Phil ippine GUaranty Co., president, Balintawak Estate Co., Inc., and president of the Santa Rosa Mining Company. He was a member of the Constitutional Convention Committee; chairman, Finance and public Accounts; Tariffs, Commerce, Sponsorhip, Coin-age and Banks. When the Rice and Corn Commission was formed he was elected as president. His helpmate and inspiration throughout his !;'ervice to the public has been LucHa Diaz Conde whom he married in 1911. THE BOARD OF DIRECTORS
The Board of Directors is composed of prominent businessmen of the Islands. Such men as Vicente Singson - Encal'Dacion, President, Vicente Arias, Vice-President, JaC{)bo Zobel, Treasurer, Salvador Zaragoza, Enrique Zobel, Ignacio R. Ortigas, Jose Araneta, Eduardo Melian, and Eduardo 01'ogas guarantee the integrity of the company and the safety of the insured's money. ACTUARY_ DR. EMETERIO ROA
Dr. Roa, D. Sc., A.A.L.A., actuary of the Insular Life Assurance Co., Ltd., is the only person in the Islands who has qualified for membership in the American Institute of Actuaries.
239
ADVANTACES AND BENEFITS TO POLICYHOLDERS
Since its incorporation this company has paid more than Pesos 11,500,000.00 to its policyholders and beneficiaries in death claims, maturity claims and in dividends. Each year the Insular Life reiurns to its policyholders approximately Pesos 1,000,000.00 in death benefits 01' matured policies. Thus the Com_ pany can claim that it is one of the bulwarks of the Conunonwealth and as such, deserves the patronage of its citizens. Figures alone cannot express the steady growth of the Company and its corresponding breadth of service to the policyholders. From its organization in 1910, the Insular Life has been operated with the interests of the policyholders predominantly in mind. Each new privilege accorded to the insuring public has been maci'e retroactive as far as possibly done. This means, that the policyholders who had been insured for mnny years were permitted to wke .r.dvantage of ~ome of the policy provisions adopted after their policy was issued, if the policyholder signified his desire for such privilege. Another great benefit to the insuring public is that it s Home Office is located in the City of Manila, capital of the Commonwealth. The location of the cen,trol office in the Cit y aSSl!reS the po1icy~ holders of quick and efficient service as all questions concerning the relationship between the policyholders and the Company are settleci' in the Home: Office in Manila. HAWAII AGENCY OPENED
In November, 1933 the Company opened its Hawaii Agency. By so doing, the Insular Life offered the Fi.lipino citizens working on the Hawaiian plantations the opportunity to invest in a company from their homeland. There are approximately 55,000 Filipinos in the Hawaiian I slands, 45,000 of whom are Ilocanos noted for their thrifty habits. These people were quick to grasp the safe investment opportunity that the Insular Life offered them. FROM D UNNES' INTERNATIONAL INSURANCE REPORT
This company h"8.s been unusually successful in its operations. Its underwriting policy has been very conservative and for the last three years the ratio of actual to expected mortality has been under 50 per cent. Investment policy bas also been well advised, for the return earned in its securities has been ex-
240
THE COMMERCIAL & INDUSTR IAL MANUAL
ceptionaJly high. Policy contracts arc on standard forms and its actuarial methods are correct. The company writes both palticipating and non-participating insurance and premiums charged arc at minimum. The officers are all well experienced e."<ccutives who are active in the affairs of numerous commer cial enterprises. They have won for t he company an excellent reputation for the prompt sett lement of all just claims. INSU LAR MANAGEMENT COMPANY, I NC. HetLd Ol/ice: 227 David Street, Manila, P. O. Box 1942-Telegra,phic Adell'ess: lnsurnaeo. INSULAR MI NING CO RPORATION H ead Office: 313-314 Heacock Buila"ing E scolta, Manila-Incorporated under the Laws of the Philippincs-Cupitnt Stock: P esos 1,500,000.00 divided illto 150,000,000 shares at Pesos O.OJ each-In Process of Recapitalizatidn.-R. L. Dean, Promoter; Directors: Dl·. J OSf' A. 1I10ntinola, President, Mc.uricio Cruz, First Vice-President, Marion E . Martin, Second Vice-President and General Manager, Placido J. Esteban, Treasurer, R. t , Dean, Member. P edro J . Bautista, Secretary-Btm!.\ RefcrC1tce: Phili ppine National Bank. When the Corpora tion wa first or ganizeo' we had only options on val'ious mineral properties loca ted in different parts of t he archipelago, and in order to continue t he exploration work already undertaken by the Corporation, the stockholders agreed to increase the capital stock to Pesos 1,500,000. It is this increased capital stock t.hat we are giviilg the public an opportuni ty to subscribe. Our men ill the field have made extensive examinations on our prospectl!, a nd have found them worthy of furthcr exploration and development. They recom menoed strongly the acquisition of t hese properties. After studying conscientiously and carefully the future of the recommended properties, basing the studies on the outcrop samples forwardded together with result)! ~ the assays, the Management has decided to acquire Fifty (50) gold lode m ineral claims located in the Barrio of P itisan, Municipality of Mambulac, P rovince of Cam!lrines Norte. These properties lie in the heart of one of the r ichest mining districts in the Islands. They are right close and anjacent to the properties of the San l\lauricio Minin,:! Company, ns may be seen fr om the sketch appended to this information. The Municipality of Mambu!ao, Province of Camari nes of sixteen (16) morc claims immediately adjoining
these properties, lying between them and the San Mauricio-LucJucan group. The Corporation has under exclusive o~tions t.wo groups of rich copper claims consisting of one hundred e ight (l08) claims in all, or a total of 972 hectal'es, located in t he Barrio of Sto. Catalina, between the Municipalities of Aguo and Burgos, Province of Pangasinan. The assays of the s amples ta ken from the surface of these claims vary from 1.8% to 62%. and ib is the opinion of experienced mining engineers t ha t this percentage is unusual. This shows that we have a chance to acquire t he richest copper mines in the worla. Added to this is the option the corporation has on thirty-two (32) gold lode mineral claims, or a total of 288 hectares. situated in the sitio of Arnbuladin g, Kapangan, District of Benguet, Mountain Province. These latter claims li e just twenty kilometers from t he City of Bagulo by direct trail. INSULAR SAW MILL, INC. Head Office: 330-340 Canonigo, Paco, ManilaNationality.- Chinese-BuBincss: Lumber Dealers and Manufacturers-Established: 1921-P)'illcipals: Ta n €hiong Pun, President; Joseph Tan Yok So, Vice·Fresident and Managing-Director; Alfonso Go Su, 'fu'easurer; Tomas Sayo, Secretary-Dire(lwrs: Tan Chiong Pun, Joseph Tan Yok So, Go Fayco, Tan Cho H ang, Cua Bongo-Authorized Ca,pital: P esos 500,000.00-Paid-·i7L CalJital: Pesos 343,000.00 -Pal' Value of Shares: Pesos 1,000.00-Telegra,ph: "Ins!lmil"-Ballk Relel'ences: National City Bank of New York; China Banking Corporation. INSULAR SUGAR REFINING CORPORATION Head Office: Manila-Refinery: Manda!oyong, Rizal - Business." Sugal' Refining - EslabHshed: 1929- T elef/1·uph.- "Suchal'phiP'- Bau/, R el(1)·ence." National City Bank of New York. I NTERNATIONAL BUS INESS AGENCY, I NC. H ead Office: Room 325 Kneed!er Bldg., Manila _Registered: August 15, 1935-Tcrm: 50 yearsBusiness: TmportinA", ex porting and manufacturing and genera l mer chandising, etc-Cu.pitlt/ St.ock: Pesos 49,950.00 divided into 4,995 shares of the par value of P esos 10.00 each. Of suid capital stock Pesos 20,000.00 will be 8r~ guarant.ced preferred stock of the par \'alue of Pe!os 10.00 each ~nd PeS09 29,950.00 shall be common stock of the par value of Pesos 1000 e3ch.-Sllbscribcd Capital; Pesos 15,14 0.00-Capital Raid: Pesos 4,450.00 ; Cash: Peso! 50.00; Prol,crty: Pesos 4,500.00-[ncorpora-
PHILIPPINES tors and Directors: I saac S. Eceta, Salvador L. Bautista, Alfredo Belnmide, Rosalina P. Eceta and Benito Ancheta-TJ'eus!tre)': Rosalina P. Eceta, Manila, P. I.
INTERNATIONAL CORRESPONDENCE SCHOOLS Head Offictt : Scmnton, Pa., U.S.A.; Manila Office: Third Floor, Uy Yet Building, 217 Dasmarifias -Nationality; American_Business; Correspondence schools-Established: 1891 in the State of Pennsylvania, U. S. A. - Manager for the Philipp ines : J. D. Menool'ini. INTERNATIONAL ENGINERING CORP. Head Office: Soriano Bldg., Manila - Registered : September 7, 1936- TsT7J't: 50 years-BlIsiness; Engineering and contracting constructing, Enlarging, Repnirinlf. removing, or otherwise Engaging work upon mines, Shaft:;:, Buildings, Roads, Highways etc. _ Natdonality: Filipino - C(IlpitaL Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 each_Subscribed Capital: Pesos 28,000.00-CapUal Paid: Pesos 7,000.00 - I ncorp01'ators and DirecL<禄's: Andres Soriano, J. H. Sampson, J. Fraser Brown, Benito Razon, C. A. Dewitt, A. D. Godliffe and Eduardo Roxas-T1'easUTeT: Benito Razon, Manila, Philippines. INTERNATIONAL HARVESTER CO. OF PHILIPPINES Head Office: Uy Chaco Building, ManilaBTanches: Baicolod, Cehu, Davao, Legaspi-Nationality: American-Business: Importers and Exporters-EstJablished: Originally as Macleod & Company; 1911 Organized under Present Style_Principals: N . H. Duchworth, W. C. Bettendorf and E. O. Cogan-Authorized and Paid-in Capital: U . S. $500,000.00-Pa1路 Value 0/ Shares: "tl. S. $100.00 -Agents /01": Home I nsurance Company of New York; International Hal'vester Company; Swedish East Asiatic Co., Ltd.; Glen L ine, I sthmi:tn S.S. Co.-Telegl路aph Address: Macleodco-Bank Re/e'rence: National City Bank of New York. INTERNATIONAL INVESTMENTS, INC. Head Office: M.asonic Temple, M.:mila-Regisfered: October 16, 1936-TernL: 50 years-Business: General agency, Commission , Investment, PTomotion, Brokernge, and stock brokerage-Nationality: Filipino-Capill!!! Stock: Pesos 500,000.00 divided into 50,000 share! of the par value of Pesos 10.00 cach-S/tbso:{l'ibed Capital: Pe!:cs 150,000.00Capital Paid: P esos 37,750.00-l1lcorporatol's and Directors: J ohn Sycip, G. G. Bradford, J. W. Fer-
241
rier, James Sycip and Alfonso Z. Syc ip-TroosuTer : - G. P _ Bradford, 223 Dasmarifias, Manila, P. I. THE INTERNATIONAL PUBLISHERS Head O!i;ce: 502 Estero Cegr,do, Manila p, I.Branches: Iloilo and Baguio. P, I.- Private Part~ > n ership between A.E. Prats and Sebastian Ugarte -Business: Publi shers-Established: 1934 in Manila; 1935 in Iloilo; 1937 in Ba guiO-lnve sted Cap l ' tal: Pesos 100,000.00-Telegl路uph Address: InterpuL -Bank Reference: Philippine Trust Compa;}y. INTERNATIONAL STOCK EXCHANGE H ead Of/ice: Room 207 Crystal Arcade, Escolta, Manila-Regwte"ed : September 5, 1936Term: 50 years-Business: Exchange-Nationality : Filipino-Directors: Miguel Cuademo, Presi dent, lid. Coscolluelll., Vice.President, Ramon S. Araneta, Trea.surer, Mrs. S. Wareham, SecreLary, and Messrs. N. E. Mullen, G. A. Roensch, E. J. Sanderson and A. Z. Syeip, M'!mbers, INVESTMENT MANAGEMENT SERVICE CORPORATION Heu-d Office: 335a Crystal Arcade Building, l\"fanila-Pe"-mit to Sell Sh aJ"es I::;sw:d: September 1st, 193f1-Authorized Capital: Pesos 200,000.00Pal' Value 0/ Shares: Pesos O.lO-Subscribed C(tpital: Pesos 40,000.00-Pairi-in Ca1,it.<l1: Pesos 10,OOO.OO.-Co?1unission Fee: 71h "i'c per cent of the value of the securities hereafter sold. Permit to sell 1,600,000 shares granted-Directors and Incor1)orators: Tomas O. l\Jagno, Constantino M. Guevara, Hugh M. Connors, Esteban Estolano, Asuneion Llana. INTERNATIONAL PAPER AND GLASS MANUFACTURI NG CO., INC. Head Of/ice: 1556 Azcnrraga, I1Ianila-Na_ tiollai1"ty: FiJipino-E1f.~ine88: Paper and Glass Manufacturers-Of/ices." Vicente L. Legarda, President; Rev. Casto de Ocampo, Vice-President; A. C. Manaloto, Ger.. Manager & Ass't. Treasurer; Rev. Jose Pamintuan, General Treasurer' Rev Tirso Tomacruz, General Secretary; Rev. Pr'imitiv~ Baltazar, Ass't. Gen . Sccl"etar~'; Rev. Juan Almario, Technical Adviser; Atty. I. Ramos, Legal Adviser-Di)'ectQrs :A. C. Manaloto, Chairman: P. L. Nabong, Viccnte L. Legnrda, J. G. de Leon, Rev. Juan Almario, Rev. J ose P amintuan, Rev. Casto de Ocampo, Dr. Pablo Zamora, Dr. Casiano Zapata-Organizers: A. C. IIfanaloto-"Founder", Rev. Casto de Ocampo, Rev. Juan Almario, Rev. Jose Pamintuan, Rev. Tirso Tomacruz, Rev. Primi-
242
THE COMMERCIAL & INDUSTRIAL MANUAL
INTERNATIONAL PAPER & GLASS MANUFACTURING COMPANY
1556 AZCARRAGA- MANILA POST OFFICE BOX 1238 TELEPHONE 2-3 1-78
ESTABLISHED : J UNE 1937
MANUFACTURERS OF
PAPER
AND
GLASS
PATRONIZE PHILIPPINE HOME INDUSTRY
PtllLIePlNES tivo Baltazar, Vicente L. Legarda, J . G. de Leon, Exequiei l\1agsaysay, F lorcncio Munoz, Pedro Nabong, Ricardo Turla, Luis Salas, Federico Santiago, T. Bngtas, M. Reyes, Mac81'io Ella, Gonzalo David, Alejandro Nuevas, T. Taifio, S. Soiivarria, A. Feliciano, F . Casim, D. Sanson, Juan Talosa, G. Carlos, Atty. I. Ramos, Atty. S. de Ocampo, Atty. A. Pido, Dr. Giriaco Campomanes, DI.. P ablo Zamora, Dr. Casiano Zapata, Miss D. Lopez, Miss R. Romas, Miss M. Magso.ysay, Miss S. Bartolome, Miss J. B. Brazal, Miss R. Zapata, Miss P. J imenez-Authorized Capital: Pesos 1,500,OOO.OO-Par Value of Shn.r cs: P esos lOa.OO-Telegraph; InperglascBank Re!fwence: Philippine National Bank. Filipino leadership in t he industriali zation of the country was stressed by Euiogio Rodriguez, secretary of agricultUl'e and commerce, on the occasion of the inauguration of the International Paper and Glass Manufacturing Company, Inc., on Azcarraga. Commenting in the enterprise itself, the secretary declared that the Filipinos are responding to the call of industrialization of the country. He pointed out that industrialization should form a part of the economic system especially at this time that political and ~ono mic cha~~e ~ are ~king place: in the relationshlp of the Phllipplnes Wlth the Umted States. In view of the establishment of the International Paper Mills and Glass Manufacturing Co., Inc., Mr. Rodriguez pointed out that r aw materials that now go to waste will soon be made into marketable pro· ducts which will become a good source o~ income. He said that these materials which abound in the Philippines have been lying idle for centuries because no efforts have been made to industrialize them.
243
ISABEL ROCHA I NCOR.PORADA Head Office: 344 Cabildo, Mani la-Registered: August 23, 1935-Term : 50 years-Business: Real Estate-Nationality: Fiiipino---Capital Stock: Pe· sos 12,000.00 all in property- lncorporat01's amd Directors: Enriqueta Rocha y Pereyra, Enriqueta Ro· cha y Alba, P ilar Beech y R«ha, Carmen Beech y Rocha and Maria Beech y Rocha-Treasurer; Maria Beech y Rocha, Manila, P. 1. IPEKDJIA N BROTHERS, LTD. Head Office: Hongkong-JlIain Office: Antwerp-Man ioh Of/iDe: 412 Rizal Avenue, P. O. Box 1298-Branches ; London, Singapore, Penang, Sam';l· rang, Batavia, Shanghai, Dairen, Kobe-N~ tional· iey: Briti9h- Esl'.abl1shed: 1881-Private Limited Company incorporated undel' the Hongkong Ordi· nances- Capital Stock: H. K. $1,500,OOO.OO-Tele· gl'UP}L: "Ipekdj ian"-Agents f or: U. S. A., India, Burma, Ceylon, Dutch East Indies, China , Siam, Egypt, Australia, Japan-Codes: A.B.C.-5th & 6t.h; Bentley's Universal, Private-Bamk Ref e1'ences : Hongkong & Shanghai Banking Corp. Manila; Netherlands Trading Society, Hongkongj Comptoir Diamantaire Anversois, Antwerp S. A.
IPO GOLD MINES, I NC. Head Office: 4th Floor Soriano Building, Manila-Incorporated under the laws of the Philippine Islands-Capital Stock: Pesos 1,000,OOO.00-O//icers and Directors: R. T. Fitzsinunons, President; D. P. O'Brien, Viee.President, A. M. Amend, H. J. Belden, S. Garmezy, Di rectors-Bank Reference : Peoples Bank and Trust Company. Pursuant to a resolution of the Board of Dir· eetors on September 16th, 1937, a special meeting of stockholders of the Ipo Gold Mines, Inc. is hereby called, to be held in the office of Messrs. Fleming & Williamson, EdWcio Soriano, Manila, P. I. on According to Mr Rocriguez, PhiliI'pin~ importa· Monday, September 27th, 1937 at fOUl' o'clock p.m. tion of paper of all kinds during the first six month,; for the following purpose: of 1936 was valued at PZ,316,242. For the same "To consider and take action on a proposal to period this year, paper importation increased to increase the paid-up Capital of the Corporation P2,679,093. He told his bearers that the Philippines from P776,500.00 to P799,795.00 by t r ansferring has rich raw materials for paper manufacturer, and the necessary a mount from Surplus to Capital with the Filipino initiative to industrialize these account, such increase to be in the form of a stock products, the government can reduce the large dividend, payable to stockholders of r ecord as at amount of money spent for paper importation. close of business October 1st, 1937 at the rate of The glass importation he declared is not as big three (3) shar es for each and every hundred as that of the paper. Philippine importation of shares held by them on that date." glass during t he fi rst semester of 1936 increased During the year 1936 the property of this com· as high as P735,515 and that for the same period of pany was operated and managed by the Benguet this year, glass importation amounted to P953,487. Con!i:olidated Mining Company under t he contract
TH E COMMERCIAL
244
&
INDUSTRIAL MANUAL
IPO GOLD MINES, INC Balance Sheet as at D ecember 31, 1936 ASSETS Current Assets: Peoples Ban!.:: & Trust Co.l' Current Account .. Dividend Account . lpo Cash .......... .. Accoums Receivable
Bfn~~~es(S~~r~;~~)~i.e.s.~..~.a ~~.. BuJlion in Transic Government Deposit .. Deposit- Firearms.
LIABILITIES Current Liabilities: Aceounts Payable::. .. Taxes Payable ....... Unpaid Wages .. Dh'idends Payable ..
3,040.83 1,309.59 952.97 284.00 53,362.25 141,006.67 450.00 237.00
P2oo,64l.3i
Fixed Assets: P 6,877.57 Auto, Truck and Motorcycles . 31,773.57 Buildings- Miscellaneous. 100,823.52 Buildings- Mill Equipment- Various Office. P 894,36 31 .80 Hospital. . ...... Engmeering and 6,73~.99 Sur-'er Office . . 101 ,192V3 Power Plant.. Mill . 205,803.楼 Mess . . M71.34 10,603.8} Diamond Drill.. . 4,353.52 MisccJlaneousMg. 334,815. 10 l,6lO .97 Pipe Lines .. 454.56 Furniture and Fixtures 13,968.50 General Construction .. 2,710.39 Lime Kiln ... 7,397.46 Power Plant .. 1,086.8) Quarry .. . 76,075.33 Shaft .. .
Roads. Deferred Char$es: OrganizaClon. Prepaid Insurance .. Prepaid License ...
I" 4,783.98
Iknguct Consolidated Mining Co.-Contracc Aceoun(: Balance as at March I, 1934 ... '1'567,694 .66 Advances-March 1, 1934 to December 31, 1936.. 1, 11 },542.OS 1~1 ,681,2}6.74
Less-Amounts Paid ..
Tramway ................ '... Min ing Properties-A t Cost... Apo-ExplonHion, Assessment & Development...
100.00 3,ll8.95 145.}5 l,l09.59
1~
1,604,227.30 1)
77,009.44
Iknguet CorlSolidated Mining Co. Advances agains t share of profits.
20,000.00 p 97,009.44
Less-Wells Fargo Trust Co ...
&
Union 1 0,636.3~
I" 86,}7}. 10 Less Philippine Nation31 B3nkCurrent Account ..
1,142.51 ,~
Bcnguet Consolidated lI.tining Co. Share of Profits 1936 Uuly/Dccember 1936) ..
85,23057 18,3}8.69
7,416.50
Premium on Second Issue of Stock. Reserves: Ore Dc:pletion. Depreciation.
9,873.31 ]'787,977.57
585,856.14
185 ,088.94
973,066.51
10},S69.26
1路69},000.00 197,467 .62
890,467.62
Capital : AJlfJ!ori'{rd-
44,078.)0
10,000,000 Sh3res of 1'0.10 each 1'1,000,000.00 Jmmi and Sllburibrd7,765,000 Shares of I~O .l O each ...
776,500.00
Surplus~
l' 2,609.97 728.07 10,00
3,348.04
Balance as at December }1, 1935. 1' 41,0l1.2} Add-Ne t Profit or Tweh'e months ended December }I, 1936........ 13S,8}6.77 Lcss-Bcnguet Consol id3ted Co. -Share of Profit 19}6...
"176,850路00 36,119.97 1~140,730,O}
Less-Dividend No.2 1'}8,825.oo Dividend No. } .. 38,825.00 Dh'idend No. 3 1 Z 19,412.50 Dividend No. 31 ~ to 4.. .. . 19,412.50 rl.806,992.}O R. T. FITSIMMONS, PraiJ.,,!
FLEM ING
&;
WILLIAMSON, Chtzrf",J A芦4!1ntllnu.
116.475.00
24,255,0} 1'I,806,992.}O
PHILIPPINES dated April 17, 1!)S3. The Balance Sheet and Profit and.. Loss Account -are made a part of this report. Four dividends (two dividends of Sro and two dividends of 21h%) were made to the stockholders during the year 1936. A dividend of 5% will be paid to the stockholders on February 20 , 1937. There is given hereunder a summary cd results covering the yeal' 1936:63,953 175 P641,965.27 8,987.53 8,626.62 P10.62 P10.04
T on!;' of ore milled
Average tons per day Tot411 value of production
Ounces fine gold Ounces fine silver Average value per ton Average recovery per ton A tJe.rage costs PC)' ton
P3.385
Mining
245
Development Milling
Taxes, Insurance, etc,
1,260 2.0 15 0.484
Total operating Capital
1'7.144
F inal
P7.567
0.423
cost .... j • • • •
Average profit per ton
P7.5!57 P2.473
The positive ore' reserves on January 1, 1937 a mounted to 46.532 tons .at an estimated value of Pesos 498,357.71. This does not include a consider~ able tonnage of marginal ore !l.veraging about Pesos 7 .00. W e quote hereunder an exerpt from the an~ nual report of the Benguet Co. dated January 23, 1937.
ITOGON MINING COMPANY ( Incorporated in 1915 Under the Laws of the Phil ippine Islands) Authorized & Paid Up Capital ...... 20,000,000 shares of 0.10 centavos each- P2,OOO,OOO
Balance Sheet as of DecemlDer 31st, 1936 ASSETS Fixed Asscts: '1'1,4]6,298.5] Minc, Mining Propcrcies .. Mill, Buildings, Furniture and FiJ(tures, Equipments, Ctc ... 1,]79,957.14 Currcnt Assets: Gold in Transit Deposits, Cash in Banks and on H:llld , etc .. 454,396.29 Inventorics ....... . 456,35].81 16,781.)6 Deferred Charges.. TOTAL ASSETS. OPERATING ACCOUNT Bullion Production .. .. Operating Cost. ... . Profits on Operation ...
....:·P" 3!:,7: 4:3:,7:8:7:.1:3_ _ _T~o:<:al Liabilities...
1'2,810,154.97 1,480,059.51 '[>1 ,330,095.45
PROFIT AND LOSS ACCOUNT Operating Profit .. . '[>1,]30,095.45 Other Income .. .. 12,992.03 Gross Profit .......................... ' ... . Depreciation, Reservc for Ore Depletion, Etc. Net Prolit .. ORE RESER YES POlilive Ore .. , ........ . Average Value per Ton ....... . Tntal Value of POsitive Ore.. .
LIABILITIES Capital Stock ....... . CUrTent Liabilities .. Reserves: .. Surplus ..
1~1,343.087.48
381,411.08 'P 961,676. 40
1'2,000,000.00 825,837 .34 60,043.30 857,906.49
'P],743,787.1}
Probable Ore .. Average Value per Ton ....... . Toeal Value of Probable Ore.. Prospcctive Ore .. Avcrage Value per Ton ....... Toeal Value Prospective Ore. 800,000 tons Total Ore Reserves. . ...... ,. .. . Total Average Value. . . .... . . .. . ( a)l> 18.26 Tora! Value of Ore, Rescn·cs.. ., . ...... (a) '[>14,608,000.00 Ore Treated.. . ..... 170,172.5 tons Average Value per Ton .... ... ...... .... (a)I' 16.59 Milling Capacity per Day .............. ,(d) 530 tons Total Dividend Paid for the Ycar.. .p 597,168.30 .03 centavos Dividend per Share for the Year.. Market Price of Stock: High. P2.45 Low.. , ....... , .. ........ ... . , .... . .. , .35 centavos (c) Not publ ished. (d) A milling capacity of 1,000 tons per dal' is expected to be obtained late III April or early in May 0 19}7.
246
THE COMMERCIAL
&
With the increase of production from the Shaft Ore-body, it w.as found that because of the greater hardness of thiSl Ore, the mill could not be held up to rated capacity without the ins tal!ation of secondary crushing, The generally low grade of the orc milled made high tonnage essential for satisfactory output and operation EO a 3-foot Symons cone crusher wa9 added to the mill capacity and materially reducing grinding costs. Otherwise, milling operations have proceeded very smoothly and efficiently. A recovery of 94.5% has been maintained and operating costs have averaged less than Pesos 2.00 per ton. Unles!' new and bet.ter grade orc is developed from the new di! covery just made in the NOl1th end of the property, operations in 1937 will continue on the same basis as in 1936, milling an average of 5,250 tons of Pesos 10.00 ore a month. Additional ore of this grade will, no doubt be developed, and there Is available a considerable quantity of marginal orc averaging about Pe~ 7.00, which is not now included in ore reserves. This latter can be worked at a small profit particularly when development expenditures decrensed. It is not our intention to mine this ore, however, but to proceed vigorou91y with deve lopment and exploration, seeking new ore bodies in the area 110W being mine\ and new veins in the remaining claim area. \ T. ISARDAS & COMPANY Manila O/fiee: 194 Juan Luna, Manila, P. 1.Nat iorda lity: British-Indinn-Business: Cotton, Silk and General Impol'ters and Owners of Loyalty and Kingswear Shirt Factory-Established: About 1919 -Annual TlO'nOVe)': Pesos 1,200,OOO.00路-Head Office: Manila-B!'(~nches: noilo and all over Occidental Negros, P. I.-Partners: T. Isardas and M. T. I sardas-Bamk References: Bank of the Philippine I slands, Philippine National Bank. ISDAPLASTAROSA Head Office: Barrio Aplaya, Sta. Rosa Laguna - R egiste1'ed: M-arch 12, 1936--TeTIn: 25 yearsBnsiness: Transportation - NationaJi.try: Filipino--Incorporators and Directors: Victorio Gardoce, Trinidad Zarraga, Mariano Reyes, Marcelina Gonzales, Miguela Capunitan, AmbrO!ia Ramos, Maria Espinosa, Valentin de Mata, Margarita Ramos, Simeono. de Pante, Paz Carabana, Reymund o Menguito, Agapita Almadover, Fortunato Beato and Pacencin Plehono. (Victorio Gardoce, Trinidad Z:!.rraga, Mariano Reyes, Valentin de Mata !ind Fortunata Beato, are directors only)-Trea.s-urer: Victorio Gardoce, Sta. Rosa, Laguna.
INDUSTRIAL MANUAL A. S. ISERSON Head Office: Iserson Imports. I nc., 1359 Broad路 way, New York City-Nationality: AmerlcanBu.siness: Embroiderie~-Principal: A. S. I ser9()!lTelegraph: "Nosresi"-Ba'lk RefeJ'fntce8: National City Bank of New York; Philippine Natiollal Bank. I SLAND WATERS TRANSPORTATION COMPANY, I NC. Head Office: Cotabato, Cotabato---Regi8tel'ed: September 16th, 1937-AlltJwl'ized Capital: Pesos 150,OOO.00-Subsc)'ibed Ca1lital: P esos 77,000.00Paid-1'n Capital: Pesos 19,250.00-lnco)'1lorato),8: Apolonio Gopuco, Santiago T. Lorenzo, J. Chua Cham, Lino Conejero, Luis Aboitiz, Hermogenes M. Guerra and Leon Uro. ISLAS I NVESTMENT COMPANY Head Office: 5th Floor, Insular Life Bldg., Manila-Nationality: Filipino---Registe)'ed: May 11th . 1937-Term: 50 楼ears-Business: Investment, Promotion, Brokerage, and to deal in all kinds of Stocks, Bonds, a nd Securities-Capital Seock: P5,OOO,000.00 divided into 50,000,000 shares of the par value of P.lO each-Subscribed Cal,ital: P2,OOO,000.OO-Capital Raid: Pl,378,700.00-Directors: Placido L. Mapa, S. F. Wittouck, Francisco Ortigas, Jr" J. Martin, and E. J. Deymek-Offi.cers: P lacido L. Mapa, President; S. F. Wittouck. Vice-President; Mariano Conde, Secretary; S. F. Wittouck, Treasurer; S. F. Wit;.. touck, Manager; L. David, Assistant Manager. ITOGON CONSOLIDATED MINES, IN C. Head Office: Manila, Phiiippines-R6gistered: November 20, 1936-Term: 50 years-Bltsilles8: Mining, Placer milling, Milling, Concentrating, Conventing, Smelting, Treating, Preparing for market. M~nufacturing, Buying, Selling, Exchange and otherwise producing and dealing in gold, Silver, Copper, Lead, Zinc, Brass, etc.-Nationality: Filipino-Capital Stock: Pe~os 200,000.00 divided into 20,000,000 shar es of tho par value o[ Pesos 0,01 each--Subscribed Capital: Pesos 40,000.00-Capital Paid: Pesos IO,OOO.OG-l1lcorporators a~ld Dirtlctors: Ricardo C. Lacson, Antonio Villarama, Juan Villacarta, Dominador T. Garcia. Cesa.rco Sta. Ana, Ramon Macasact, Eugenio Quesada, Francisco M. Africa, Jose A. Adeva, Enrique L. Katigb.lk, Nicodemus L. Dnsig Patrocinio M. Gorcia, Florencia J. Javier .and Lorenza O. de J esus. (Nicorlemils L. Dasig, Patrocinio M. Garcia, Florencia J. Javier and Lorenza O. de Jesus, are incorporators only) _Trro-S'ln"er: Juan ViJlnccrtn, Meyktlllayan, Bulacan.
PHILIPPINES ITOGON DE ORO MINING CO., INC. Head Office: 3rd Floor, Peoples Bank Building, Manila-Autho rized Capital: P400,OOO.OO Pal' Value; PO.lO-Subscribed Capital: IISO,aaO.OG-Paid In Cap· ital: P20,OOO.OO-Directors and incorporators: Roman Baiuyut, President; Eulogio Ricafort, Director; Jose G. Pardo, Director; Jose L. Bakani, Director;
Lazaro Yarnbao, Director. COMMENTS OF Tm, BUREAU OF MINES
The report of Luis B. Montero, dated March 18, 1937 on the Old Timber's Group of claims of the Itogon de Oro Mining Co., Inc. consisting of 58 lode claims situated in the barrio of Paday, municipality of ltogan, Mountain Provinc~, gives very meager information about the said claims. No valuation can be recommended for said claims but their pros· pecting will not be objected to by this Office. Attention is invited to the fact that no certifi· cate of the Director of Forestry regarding the loca· tion of the 48 claims with reference to existing forest reserves is enclosed, and neither do the deeds of sale and option executed by Mr. Baluyut in favor of the Itogonde Oro Mining Co., Inc. appear to have been recorded in the offic, of the Mining Re· corder. , Before accepting the above c'laims as assets of the Itogon de Oro Mining Company, it is l·ecommend· ed that the owners of the claims be required to present the documents on which their titles on the claims are based, the survey plan of the claims, and affidavit to the effect that the same are free from conflicts and are :lOt within any government re· serves, and that by the purchase of said claims, the purchaser v.;ll not hold more than 250 claims in all the provinces in the Philippines, and also that at least 60% of the capital of the herein corporation is owned and shall at aU 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 a s provided by Section 37 of the new Mining Act in case it should be decided that the said claims shall be leased under the provisions of the new Mining Law (Commonwealth Act No. 137). 1937Summary (md Conclusion:- There are several definite veins on the property especially along the REPORT AS OF SEPTEMBER 14,
247
west central part none of which show any attractive values. Considering the history of the Baguio area; however, there is a chance, but no assurance of finding commercial ore at depth, if the property is developed under the supervision of a competent geologist. While no development campaign can be definiteJur recommended, a proposed series of tunnels has been outlined which should prove the future possibilities at the minimum expense. Location:-The Yapa Marynoll Group of the Ito_ gon de 01'0 Mining Co., Inc., consists of 100 full claims, according to their claim map, located in the barrio of Yapa, Municipality of Bokod, Sub-Province of Benguet. It is bordered again accol'ding to the claim map, on the northwest by Benguet Atok and Hover Sawmill, on the east by Atok Patapat and the Cruz·Bantay Group, and on the southwest by Gold Strike Group and Yukon Mining Group. The claims have not been surveyed and claim cov· ers ore indicated by metal signs tacked on trees. In several cases the location posts are in place. According to the location date notices, the claims were located in 1932 and 1933. Topogra.phy and Accessibility:-The claims lie largely on the south slope of a mountain and extend from the top to the bottom. The topography is extremely rugged. On several places streams have cut steep canyons in the s ide of the mountain, and it is in the bottom of these canyons and where slides have occurred that the veins have been located. The only access to the property is over narrow trails which have been cut along the sides of the mountain. These trails are subject to constant ero· sion and will require constant maintenance. Road construction to the major part of the property ,viII be difficult and expensive, although it might be possible to build a road from kilometer 34 to the north corner of the property at a relatively small e:l:pense and reach any port of the property that may warrant development by aerial tram. Water and timbe1' :-During the rainy season every gully has plenty of water, but the only main stream on the property is in the southwest corner. The mountain is well covered with pine which is being logged at the present time, so that it is doubtful if it still be available for mining purposes. Geology:-The country rocks over most of the property is andesite but in the west corner there is considerable diorite. The veins are fillings of fissures in the country rock. In some cases they are clearly associated with faulting as the shear polish
248
THE COMMERCIAL & INDUSTRIAL MANUAL
of the fault and a gouge constitutes one wall of the vein. Developmellt:-The only developments on the propel·ty to date a l'e three temporary shacks, the trails cut to the various outcrops, two prospect tunnels onc 10 feet long and the second 45 feet. An attempt has been made to expose the veins in some places by removing a small amount of the surface soil, but in most places the veins have been exposed by erosion only. No attempt at septematic exploration by trenches and tunnels has been made. On account of the extreme steepness of the slopes, and the thinness of cover, trenching is not practical and any prospecting attempted will have to be done by rock tunnels. Detailed Descl"iption of Vei1ls:- Each vein has been given a name. In many cases the dip, strike and width can only e approximated owing to the small amount of work clone to date. Whenever the vein appeared to be definitely in place and of sufficient width to contain commercial ore it was sampled. These locations agl'ee with the claim corners as marked on the property. \ Descl'il)/ion of SU1JtlJfce:..l,.(AlI values in pesos @ P70 per oz.) No. 20 claim (N)-At the top of the mount.1.in near or on claim No. 20 there has been a slide from the foot of which a stream has cut a ~;teep canyon and exposed several veins or several portions of the same vein. On claim ~o. 20 t wo of these veins are visible in the bottom of the stream. No . .'\-24" vein of quartz some suphides \'nlue $20.00 oz.) .... P1.40 No. B-20" vein 30' north of No. A <"!lH\I·tz and little pirate
PJ.40
Sample No. I-Mal Vein (A)~ Clnim No. 56. Strike N 370 E; Dip 'iSoW; wi<lth 3f)". Vein con+ sists of pyrite, mal·cosite, some calsite and quartz and much blaek manganese oxide staining, some eovellite and considerable limonite derived from the decomposition of pyrite and marcosite. Assay .. Trace. Sample No. 2- Viyes Vcin (E)-Claim No. 50 Strike S 800 W; Dip 720 N; Width 6'. Quartz, cO!lcite, some pyrite, biotitc and limonite. Assa" .. Nil. Sample No.3-Minda Vein (G) -Claim No. 52 Strike N :15 0 Wi Dip 810 Ei Width 2'. This \'ein was dl'ifted on for about 10 feet. The vein was 2 feet at mouth of tunnel but split into several smail
veinlets. The veinlets are mainly limonite, quartz and calcite stringers in andisites. Assay ... Nil. Sample Nos. 4 and 6-Magdalena No.2 Vein (D)-·Claim No. 49 Stl'ike N 65 0 N; Dip 750 N, Width 2'. This vein is sma ll gulch. Vein is deadly weathered fissure filling in andesite. Mainly calcite, limonite, some quartz and manganese oxide. Sample No.4-upper foot-assay. • . . . . . . .. P1.40 Sample No.5-lower foot-asasy . . . . . . P1.40 Sample Nos. 6, 7, 8, and 9-Mir Vein (B)-Claim No. 156 Strie N 20 0 W; Dip 700 E; Width 8'. Vein consists of calcite, gypsum, quartz, kaolinized rock and pyrite in andesite. The ore is exposed in section a nd the gangue and kaolinized material has the appearance of a large boulder but no lower limit could be found. The gauge contains small and large fragments of a grey to purplish quartz which slows some degree of rounding such as would be brought about by movement of the country r ock along the strike after the vein stuff was deposited. The py. rite is largely confined to the purplish gangue. These appears to be an offshot fl·om the vein which is found in a small eXllosure about 30' to the east a stream cascades down a long the strike. Three sam· pies of the main "ein and one of the offset were taken. No. G:-Kaolinized footwall material. Assay Trace No.7-Fractured materials with calcite stringer s. Assay Trace No.8-Calcite stl'ingers in Kaolinized rock. Assay .. ........... P1.40 No. 9-offshoot of main vein on east. Assay Nil Sample No. lO-Adan Vein (I) -Claim No. 66 Strike N 65° E; Dip, Verticnl ·1' wide vein of broken quartz and county rock. No visible culphides. The foot ,vall is a fault plnne with 6" of clay gouge. A bout 50 feet NW on s ide of creek is a SIll2.11 vein on which no wOI·k has been done. Assay .... Nil. Sample No. ll -Sion No.2 (K)-Claim No. 90 Strike N 60 0 E; Dip 45 0 S; width 1I ~. This is t he first vein encountered in II 42 foot tunnel which was dirven into t.he side of a low hill ncar th!! south corner of the propel·t.y and at nenrly the lowest elevation on t he property. The hills in so low and the strike is such that there is absolutely no chc.nce of any cons:derable tonnage above the level of this tunnel and any ore found would req'Uire a shaH at once. There is only about 75 feet of back above the tunnel and if the strike continue as in the tunnel any vein would run out of the hill on the northeast and southwest. Assay . . . . . . . . . . .. . .. Nil
249
PHILIPPINES Sample No. 12-Rose Vein (L)-Claim No. 84 Strike N 15掳 E; Dip, Vertical; width 30", Quartz stained with manganese. Very much broken. This vein has been exposed by a slide. The vein on the north of the sli de is hidden by loose rock. Assay
....
Trace
Sample Nos. 13, 14, 15, and I S-Eve Vein (H) -Claim No. 35 Strike N7 oE, Dip S50W; width 5.1/2'1 Vein is a :filling of fisures along a fault clearly identified by persistent clay gouge. The vein is exposed in the bottom of a stream. Pyrite, calcite and gouge. In some places pyrite has altered to limonite. Adjoining the vein on the wset is a fractured andesite filled with thin stringers of calcite. No. 3-Clacite and limonite 2 ft. wide. Assay .. Trace No. 14-18" of calcite, limonite with some manganese stain. ~ssay P1.40 No. 15-17" calcite gouge and limonite. Assay Trace No. 16-1' calcite, limonite, some gouge containing pyrite. Assay Nil Sample No. 17-Anatalia Vein (C)-Claim No. 35 This vein l'esembles the Eve vein and is possibly a faulted portion of that vein. It is not exposed sufficientl:y to determine the dip, strike, etc. The vein as sampled consisted of quartz with pyrite and calcite. Assay Nil Sample No. 17-Juliana Vein (F)-Claim No. 5! Stl'ike N 50 E to N 25 0 W; Dip 75QE to 85QW; width 2'. Calcite, quartz, some manganese, limonite and pyrite. Between the Minda and the Juliana and andesite is full of small stringer carrying pyrite, quartz and calcite. These stringers are usually not over 1/2" wide. Assay Trace Sample No. 19-5ion No.1 Vein (K)-Claim No. 90 Strike N 600 E j Dip S j width 3'. This vein is found near the breast of the 45' tunnel near the south corner and the same comments apply as to Sion No.2 Sample No. 11. Assay. . . Nil Summar:y..:-The minerals found in the veins already show that the veins were formed by hot solutions penetrating fractured areas. It is absolutely impossible to predict whether any' of these veins will carry commercial ore at depth. Not one of them carries any encouraging values at the surface. The veins in the tunnel on claim No. 90 were said to carry $10 values, but our samples did not confirm this. Even if they did, they would be of
no interest as the ground above the tunnel could only contain a very small tonnage of ore. Recommendation :- Haphazard prospecting to f ind additional vein out-crops has little chance of success on these claims. I n many of the propel'ties of the Mountain Pl'ovince the surface e:o:posures nre discou raging as many of the good veins do not outcrop. It is, therefore, not possible to say that any property with such a definitely proved fractured zone as the Itogon de Oro is of no interest. The history of the district is that these small crossfractures with low values in the weathered zone lend to consolidate and become of be~ter value at depth. Whether this is so on this property can only be determined by a scientific development campaign. By this is meant that a series o[ tunnel on the Mil路 and Mae veins will be requ ired to penetrate these veins at depth with the possibility of their working commercial ore. Specifically if it is decided to do any further development on this property, it is recommended: 1. 'I'hat an accuwte topographic map be m~de covering the vicinity of the 1\1i1" and Mae outcrops. 2. That a tunnel be driven a short distance below and normal to the strike as the Mil" vein so as to avoid the water in the creek and get below the weathered zone. This tunnel should be driven to the vein and then along the vein. S. If a hundred-foot tunnel on the Mil" vein proves no ore there, a cross cut tunnel should driven below the Mae vein in the same way. It may be that the Mae and Mil' veins converge at depth, and these tunnels shoul d prove this. 4. Later development should consist of the development of the area between the Juliana and the Minda veins by driving a tunnel normal to a line connecting these two veins and endeavouring to find a vein connecting them, as the area between the two veins is laced with smnll veinlets of pyrite which may mark the outcrop of a good vein -(Sgd.) POMEROY C. MERRILL,
Chicf Consulting Engi1!fJel". ITOGON MINING COMPA NY , INC. Head Office: Manila, P. O. Box 297-BlIsincss: Gold Mine Operators -Established: 1925-DiYectOYS: J. H. Marsman, T. J. Wolff, Mrs. 1\1. A. Marsman, Benjamin S. Ohnick, J . O. Enberg-Pesos 0.10.
250
THE COMMERCIAL & INDUSTRIAL MANUAL
THE JAPANESE BAZAAR Head Office; 26 Session Road, Baguio Mt. Pro-
vince, P. I.-Nationality: J{l.panese--Btuiness; General Merchandise; Drugs; Studio-Proprietor : T. Hayakawa-Authorized alld Paid-in Capital: Pe65,OOO.OO-Anmml Turnover: Pesos 150,000.·-
so~
Bank Reference: Philippine National Bank. JAI\lES' ST., ACADEMY Head Office: l\Ialabon, Rizal_Registered: Jun e 11, 1936_Ttw1n: None-Business; Educat ional- National: F:lipino--IncorpOl'utors o1!d Trustees: Sisters Mary Clotilde, David Marie, Mary A ssumpts, Rose Maria and Patricia Marie. JAO CUI PIEN AND CO MPANY Head Office: 415 Juan Luna, Manila-Registered: March 10, 1936-Tenlt: Three years from February 15, 1935-Business: Importing and Ex~ porting Local Products-Nationality: Chinese-Ca,pital: Pesos 45,000.00-Ca1)ital contributed by each p.tl'Ttner: J ao Cui Pion, Pesos 3,000.00; Ang Bun Koe, Peso£ 3,000.00; Choa. Kit, Pesos 3,000.00; Lim Coc Kiam, Pesos 3,000.00; Yu Lay Geng, Pesos 3,~ 000.00; Ng Ham Bac, Pesos 3,000.00; Tan Yiam, Pesos 3,000.00; Uy Chiao P'hn, Pesos 3,000.00 j Ng Tio,lg Su:!.n, Pesos 3,000.00; 'N g Chiat Seng, Pe!;os 3,000.00; Sy Chioc, Pesos 3,000.00; Co Bun, Pesos 3,000.00; Li Siu, Pesos 3,000.00; Choa Siu, Peso£ 3,000.00 Lee Chao, Pesos 3,000.00-Manager : Jao Chi Pien. JAO YAN & COMPANY Head Office: 578 Alv'<lrado, Manila-Registered: November 20, 1936- Term: Three years, from January 1, 1935-B1Isines8: Manufacturing Cigarettes, etc.-Nationality: Ch:nese-Capital: Pesos 18,000.00-Cap'ital contl'iblttcd by each 1Ja'Ttner: Jao Y.an Pe~os 3,000.00 ; Tiu Qhiu Lian, Pesos 3,000.00, Go Sun Tee, Pesos 3,000.00 , E o Hoc, Pesos 3,000.00, Chuan Siong, Pesos 3,000.00, Sy Chiu, Pesos 3,OOO.00- Mallage)': Jao 'Yan . JAW LAW BAN CHUAN & COM PANY Head Office: ,149 Nue\'a St., l\Ian ila-Registel'ed: January 4, 1937-Business: Merd:andising -Nationality: Chinese-Capital: Pefos 15,000.00Capital contributed by each partner: Jaw Law Ban Chuan, Pesos 5,000.00; Te Pao, Pesos 5,000.00; Teng H ua, Pesos 5,000.00-Manager: Jaw Law Ban Chuan. JHAMATMAL S RAMDA S & l\lANG RARAM HA SAMAL Head Office: 410 Juan Luna St., Manila- R egistered: August 27, 1935-Term ; Two years from
August 21, 1935-Bllsiness: Manufacture whole!'ale and retail shirts, General underwear, etc. _ Nationality: British Indien-Capital: Peoos 600.00(la,pitat contributed by each. partner: Jh9mtmal Shamdas, Pesos 300.00; Mangharam H~samnl , Pesos 300.00. JOAQUIN CHAN CHICO & CO., LTD. H ead Office: Manila-Re9istered: January 20, 1937-T erm: Six years from January, I, 1987Business: Merchandising-Na-ti07lality; ChineseCapital: Pesos 30,OOO.00-Ca.pital contributed by each pal·tner: General Partner, J oaquin Chan Chico, Pesos 6,000.00; General Partner, Consolacion Chan, Pesos 6,000.00; General Partner, Chua Huat , Pesos 6,000.00; Limited Partner, Franci9Ca Rodriguez, Teresa Ch~ n, Pesos 6,000.00; Limited Partner, P esos 6,OOO.00-lI1a.nager: Comolacion Chan & Chua Huat. JO HN BROTHERS & CO., I NC. Head Office: 214 Soler, Manila-Registered: June 4, 1935-Term : 40 years-Business: Import, export, manufacture products and merchandise; Lumber, Textiles, etc.-Nationality: Chine£e-Capital Stock: Pesos 100.000.00 dh'ided into 1,000 shares of the par value df Pesos 100.00 each-Subscribed Capital: Pesos 21,600.0o-Capital Paid: Pe&os 20,400.00; Cash: Pesos 400.00; Propcrliy: Pesos 20,OOO.00-/ncorporators: J ohn Go. Hiap. Go Cam Hi, Federico Go Tua, Go Kek Ling and J ~m F . Gotuac()-Directors: J ohn Go, Riap, Domingo Gotauco, Fed erico Go Tuan, Go K,* Ling and J ohn F. Gotauc()-Tn YlslU'el': J ohn Go Hia p, 214 Soler, Manila. JOHNSTON LUMBER CO., INC. Head Office: Zamboanga, Zamboanga- Rs9 is tel'ed: November 16, 1935-T erm: 50 years-BUSiness: Operation of l'awmills and lumber yardsNa.tionality: American _ Capital Stock: Peso9 98,6()0.00 divided into 985 shares of the par "alue of Pesos 100.00 each-Subscribed and Paid-in Capital: Pesos 98,500.00; Cash: Pesos 500.00 ; Properly: Pesos 98,OOO.00_ l ncorporators cmd Direct.()'Til: Joseph S. Johnston, Felisa P . J ohnston , F. Logan Johnston, Albe~t S. Johnston and Aveline R. J ohnston_TJ'easlIrer: Felisa P. Johnston, Zamboanga, WALTER JOH NSON AND COMPA NY Head Office: Ormoc:, Leyte-Regi.atered: November 9, 1936-T erm: 25 ycars-Bl18ines,: Manufacturing, Export and Import, at Wholeeale and <9.t Retail of Corn, Palay, Rice of Corn, and Rice of
PHILIPPINES Palay, etc._Nationality: Chinese-Ca.pital Stock: Pesos 42,638.22 divided into 5 shares of the par va~ lue of Pesos 8,527.65 each-Subscribed and Paid Capital: Pesos 42,638.22--lnco?-poratoJ's and DirectOI'S: Waltel' Johnson, Tse Siu Hong, T!!c Siu San, Sia Sze and Tge Yip-Treasu'l"er: Sis SZe, Ormoc, Leyte. P. I. JOLO LIBERTY THEATRE, INC. Head Office: Joio, Sulu-Nationality; Chinese -Business: Cinema Operators-Established : October 11, 1937-Capital Stock: P24,OOO.OO divided into 240 shares of the par value of PIOQ.aO eachSubscribed u1!d Pa1'd-in Capital: P8,000,OO-hleorporators: Tan Bah, S. Salim Abubakar, Soon Tiong Ann, Teo Kam Cha, Tan Kim Puny, Yap Kei Chua and Wee Boon Chuan. THE JOLO PO\V"ER COMPANY, INC. Head Office: Jolo, S·J.lu-Nat. io?lality: Filipino -BU8iness: Public Utility Company-Capital: Pe· sos 100,000.00 (increased in October 1937 from Pesos 75,000.00) .
JOSE FELIX AND COMPA~Y Head Office: Manila-Registered: October 23, 1936-Term: One year, from <!lctober 23, 1936Business: Brokerage business-Nationality: Fi· liI~'I10 - a;} pital: Pe:w3 300,000.00 _ Capital contributed InJ each partner; Jose Felix, Pesos 300,000.00; Alfredo S. Paredes, Industrial. JOSEPH'S ST., HOSPITAL (MANILA), INC. Head Office; 67 Balmes St., Tanduay, ManilaRegistered; May 20, 1936-Term; 50 years Busi· ness: To purcha!;e lands, buildings, equipment, and such fixtures as may be necessary for the construction, operation and maintenance of a hospital-Nationality: Filipino----Capitat Stock: Pesos 300,000.00 divided into 3,000 shares of the par val:.ie of Pesos 100.00 each-S!tbsC1'ibed and PaidAn Capital: Pesos 200,000.00; Cash: Pesos 400.00; P1'operty: 199,600.00- l ncorporators and Directors; Antonic Carrasc!¥o, Mercede9 Carrascoso de Velez, Antonio T. Carra!;coso Jr., Fernando T. Carrascoso, Fran· cisco Velez and Rafael T. Carrascoso. (Franci~o Velez, is an incorporator only)-Treas!uer: Antonio T~ Carrascoso Jr., 308 Vermont, Manila. J UA SIONG KONG HO, I NC. Head Office: Aparri, Cagayan-Registe1'ed; October 4, 1935-Term: 50 years-Busine .~,; · Steamship agent, warehouses and general merchandise-Mationality: Chinese-Capital Stock:
251
Pesos 50,000.00 divided into 12,500 shares of the par value of Pesos 4.00 each-Subscribed and Paid· in CapiOal: Peso9 30,300.00-Imorporators am.d Di1'ectors :-Say Ham Chong, Miguel C" Cuneo, Tan Boon Dick, Ignacio hu~h Pit, Lim Ching Tee, Chu9. Boon Dick, Ignaci~ Chuah Pit, Lim Ching Tee, Chua Em and Fernando Pe Lopez. (Fernando Pe Lopez, is .a director only)_T?·ea.surer: Manuel Uy Sean, Aparri, Cagayan P. I. JUBICON AND COMPANY H ead Office: Tagbilaran, Boh?l-Registej'ed ; December 21, 1936-Ternt: 50 years-Bwiness: Merchandising - Nattonality: Filipino - Capital Sto ck: Pesos 22,500.00 divided into 450 share!; of Pesos 50.00 each-Subscj'ibed Ca11ital: Pesos 4,SOO.00- Capital Paid; Pe~os 1,12S.00_Incorpora.tOj's: Fabi.:m Concan, Ariston Concon, Melquiades Concon, Simplicio Deligencia, Calixto Apart and Andres L . Abing. KABAYAN CENTRAL MI NES, I NC. Head Office : Manila, Philippines-Regi.stej·ed : December 21, 1936-Term: 50 years-Business: Mining~Naltionalit1J ; Filipino-Capital Stock: 2,. 000 shares without par value--Sub scribed Capital; 400 shares without par value-Capital Paid: Pe~os 500.00- Inco1j)o1·at01"s: Jose Velasco, A. D. Alvir, J . F . A. Delgado, J . V. Ragtas, Vicente Lopez, Anaeleto P. Navarro, Bonifacia Gococo, P. D. Sagun, Aguedo Sagun, Gregorio Bafiaga, Apolonio P. Na~ varro, Cipri-ano D. Cid, Jose Lising and Inocencio Amado. The Benguet Gold Cave Mines, Inc., erter ed into an operating contract with the Kabayan Central Mines, Inc., briefly, under the following condi· tions: 1. Bengnct Gold Cave Mines, Inc., shall supply the funds necessary for the expl oration and develop. ment of the properties of the Kabayan Central Mines, Inc. 2. That the Kabayan Central Mines, Inc., shall participate in the net profits from the operation of its properties only after the capital invested by Ben_ guet Gold Cave Mines, Inc., has been recovered. After the capital invested by the Benguet Gold Cave Mille~, Inc., has been fully reimbUl'sed, the division of the net profits, thereafter, shall be 50 '10 to the Benguet Gold Cave Mines, and 500/0 to Kabayan Cen· tral Mines, Inc. This operating contract is j!mdalmentally more advantageous than the original set up.
252
THE COMMERCIAL & INDUSTRIAL MANUAL
The Benguet Gold Cave is incorporated for 1>1,000,000.00. Of this amount, 1'400,000.00 would have to be paid to the claim-owncl's, thus leaving only 60 ';'cI of the capitalization, or 1)600,000.00, available for the benefit of the stockholders. With the abandoning of this pOq )Cl'ty, which hus been found to be VC I'Y poor, the entire capitalization of 1'1,000,000.00 is available for other purposes. The funds of the Benguet Gold Cave Mines, Inc., have now been made available for the oper ation of the ](abayan Central Mines. This, mining cngill(>el's report to be all excellent property showing very high p)'obnblity of ultimnte returns on the
invc::otmcnt. Under the operating agreement entered into with the Kabay:m Central Mines, the entire capital advanced by the Bellguet Gold Cave will be returned before /lny dividCbds are declar ed, After this capital has been returned to the Benguet Gold Cave, the two companies will share on a 50-50 basis in all ne profits derived from the oller ation of the Knbayan Gentr aL Thus, it is obvious that this operating agreement with the Kabayan Cent al Mines is decidedly more advantageous to the stockholders of Benguet Gold Clive than the original setup, as the entire invc!;tmcnt of 1'1,000,000,00 wiU be t'eturned to the stockholden of the Benguet Gold Cave befol'e any dividends are declared, and before the stockholders of Kabayan Central Mines cnn share in any of the profits, The return of the original capital of the Bcnguet Gold Cave is thus assured as a first measure, after which fifty per cent of the profits of the mine goes to the stockholders of Benguet Gold Cave and fifty per cent to the owners of the Kabayan Central Mines, Report on the Proper ty of Kabayan Central Mi nes, Tnc" July 27, 1937: L(lcutioll-The Kabnyan Central Mines are situated on a mountain two kilometers north and one t housand feet elevation above the town of Kabaynn, Bcnguet, Mountain Province, which is the seat of the Municipal Government for the Municipality of the sume name, Tn a straight line, it is about 31 kilometers f"om Antamok, where gold activities have long been ca lTied 0, Histo,'y-The history of Kabaya Central Mines pr oper is strictly recent, This is not an "old 19orot
workings," I t is true that the natives have ,'ecover. cd small amounts of gold f r om both the Agno Rivel' in thh:\ vicinity and from the gulches coming off t his mountain, but it was only last August that one source of the gold recovered in the gulches was located by uutives worki ng under the di r ection of Mr, Henry Kamora , formel' Representative for Benguet, It was a clever piece of prospecting requiring a lot of time and labor as the source was definitely located many hund reds of feet above the gulches from wh ich the gold had been recover ed and fu ll y two ki lometer s away, Thel'e were no prominent outcrops and no scars on the mountnin j however, there is at this point n shoulder on the mountain, at r ight angles to the main ridge, fo r med by t hc slower erosion due to the insolubility of the quartz vein. The increase in the price of gold stimulated prospecting and the reward to the natives, while meager, was more than t hey were accustomed to l'eceive. hence the activity which led to the discovery of the vein in place. As a matter of fact, at least thr ee veins, more or less par allel, were found and f explOited by these people, These natives brought wnter around the side of the mountain in an open ditch and calTied on tha old native custom of "booming", The financial rewar d was not great, t he system da ngcl'ous-at least one Illltive ha\'ing been killcd,-and Mr, Kamora realizcd that it would be to the advantage of tha village to carryon a more f ormul opel'ation. He is right, The proper Ly was several t imes investigated by the engineers of Alvir & Co" Tne" and t.hese be路 came all convinced, for the reasons sluted below, that the property has exceptional merit, and while only a prospect, it is a most excellent one, T01)Oo,'aplly-(a) The vein being located on a high mountain, with steep sides, great depth below the outcrop can be opened without hoists for handling ore, supplics and men,
(b) The mine will drain through a tunnel, no pumps being needed, (c) The strike of the vein is nearly at right nngles to the ridge of the mountain and only short. crosscuts will be necded to reach the ,'cins, after which all development can be cmriefl nn b\' drifts and raises along the vein No long and expensive crosscuts are needed,
The physical location of the property is exee1lent,
__________________________~P~H~[L~[~pp~[~N~E~S________________________~253 Geology-The veins of the Kabayan Central are located in a N-W series of fractures, dipping to the east in andesite. The uplift that formed the mountain where the property is located was doubtless the center of a movement which caused fissures to be formed in the neighboring vicinity, whore mineralization is shown. The fracturing was strong and both hanging and footwalls are well marked. Mineralization-The vein filling is made up of quartz and some calcite; on the surface it shows much iron oxide indicating that sulphides can be e~pected below the zone of oxidation. The presence of gold has been determined by actual reeovel~y by the natives and later b:1 sampling the few exposures shown in View II. These exposures wen~ material left by the natives as pillars in the poorer st'ctions of the vein, but all carried gold. Some assayed as high as $6.50. Act'i ve Work-Active work was started in five tunnels on May IS, 1937 and in the first month 294 feet of advance were made. Four of the tunnels are crosscuts, located in what are believed to be safe places, free from slide effects. These will be turned into drifts upon cutting the veins. One tunnel was started on the vein, but in a place where there was possible danger from typhoon effect. Before this portal was caved by the last!. typhoon, valuablc and interesting information was ol:itained. The drift was advanced 66 feet on a vein wider than the tunnel (over 5 ft. wide) and all samples carried gold. As this is a long distance from the Igorot workings and shows a vcin of good width with values, it is very encouraging. The ore shoot is expected under the old workings where "booming" was carried on. General Conditions-Good labor is plentiful 10call;v. Many of the local men have had experience and are now employed in the larger mines of Baguio district, and will be available as our need for labor incrcases. Housing facilities will not be needed for some time. Timber on the east side of the Agno River is inaccessible to the present saw mills supplying Baguio but aSSUl'CS us of a plentiful supply for future operations. Wnter is plentiful from the main Agno River. Transportation is not insurmountable nor will the cost be prohibitive. ' Conclusions alld Recommemlation8-The property well merits development, and it is strongly recommendcd that the active development program now under way be continucd with excellent possibilities
of developing a profitable ore body which will wal'rant the erection of a mill-ALVIR & CO., INC., By (SUd.) WALTER J. EATON, Chief Engineer. Progl'ess Report of Kabayan Central l\iincs, Inc., as of August 2, 1937: Development wOl'k at Kabayan Central Mines progressed vcry slowly d\ll'ing the month of July. This was due to the fact that hard rock was encountel'ed in all the crosscuts and very little progress could be made without blnsting. All the crosscuts were stopped the first of July, leaving only Tunnel No.2 nOl'th to be worked. In Tunnel No.2 north, 17.2 meters of crosscutting and 11.4 meters of dl'ifting was done. Now that we have a pcrmit to purchase explosives , work on all headings will be resumed as soon as possible. KAHIRUP MINING PROMOTION INC. Head Office: Rooms 320-322 Heacock Bldg., October 23, 193(i-Tenlt:_ Manila- Registered: 50 years-Bllsiness: Milling, Concentrating, Converting, Smelting, treating, Preparing for market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in gold, Silv(>r, Copper, Lead, Zinc, Platinum, Brass, Iron, and all othcr kinds, etc.-Mationality: Filipino- Capital Stock: Pesos 100,000.00 divided into 100,000 shares of the pal' value of Peoos 1.00 each-Subscribed Cu1Jital Paid: Pesos 28,000.00- Capitat Paid: Pesos 14,000.00-[neorpol路ato l 路s and Directors: Placido J. Esteban, Marcelo L. Jison, J ose Avilll., I. Vamenta, Scrafin Novella Alfredo Mctntelibano and Robustiano Magalona-Treasurer: JOfe Avila, Manila P. L KALINGA GOLDFIELDS, INC. Head Office: Manila, Philippines-Registered. January 30, 1937-Tel'ut: 50 yearS-Bl(sine8s: Mining-Nationality: Filipino-Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 !'hares of the par value of Pesos 0.01 each-S1Ibsel'ibed Ca1,ital: Pcsos 100,000.00-Capital Paid: Pesos 317,100.00 -l1wol'PO)'atoTs : Enrique J. C. Montilla, Gil Montilla Jr., Marcelino Pablo, J0ge L. Celeste, Felipe Laguatan, Josefina de Celeste, Maria B. Arroyo and Fortunato de Leon. KALINGA-PUY AO GOLDF IELDS MINING CO., INC. Head Office: Manil-a, Philippines-Registered: December 19, 193(i-TeT-m: 50 years_Busin('ss: Mining-Nationality: FilipinO--Ca1Jititi Stock : ?c-
2)4
THE COMMERCIAL
&
INDUSTRIAL MANUAL
sos 100,000.00 divided into 10,000,000 shares of the pal' value of Pesos 0.01 each-S!lbscribcd Capital: Pesos 20,OOO.OO-Capital Paid: Pesos 6,OOO.OO-IncorpOl"utol'S: Jose M. Delgado, Emetel'io Ba a'celon, Jooe Perez Cardenas, Juan ViIJacorta, Ramon MaCrulUct, Cesario Sta. Ana, Gerardo Teotico, Lorenso Sumulong, Jose A. Adeva, Nicodemus L. Dasig, E steban Munarriz, MalW G. Puyao, Ambrosio UllIali, Jose E. Canseco and Elias Ataviado.
Sharos Gra.nted: September 21, 1937-AuthOrUed Ca}litnl: Pesos 100,000.00-Pa1· Vallie of Shares: Pesos 0.10-SlIbsc)·ibul Capital: Pcsos 20,00.00Paid-in Ca1}ital: Pesos 6,013.00-Direotors and In· cOl'porators: Dnmaso P. Pct'ez, Prcsident: Pascual de Guzman, Vicc.-Pr esidc.ntC Dioscoro B. Romero, Secrelal'y-Tl'cnsureri Agustin Relos, Member; Benito Pel'indo, Member; Jose Quiroigico, Member; Francisco Ma r tinez, Member.
RANG BAN LIN AND COMPANY Head Office: 15 Estraude, Binondo, ManilaRegistered: May 27, 1935-Tc)'In: Six years from January 2, 1935- B1tsincss-Tobacco Manufacture -Nationality: Chinese-Ca.pital: Pesos 21,000.00 -Capital contribltted by each 1)M't1Ml': Pesos 3)000.00 each of seven partners, namely: Kang Ban Lin, Co Chin, Te Gi, Yu Chall, Ng Kio Suy, Ong Heng and Tan Bee~ Tin- Manager: Kang Ban Lin.
KAPISANANG lQALI LIITAN, I NC. Head Office: Rizai, Laguna-Registered: November 20, 1935-Tel"'!: 50 years- Business: Agricultural P roducts; Real Estate-Nationality: F iji· pino-Cflpital Stock: Pesos 10,000.00 divided into 5,000 shares of t he par value of Pesos 2.00 eachS!tbscribed Capital: Pesos 2,046.00-0)pita/ Paid: Pesos 632.00-lncorpoJ'atoI"S 1a1!d Directors : Teodoro Zuasola, Alejandro Semondak, Juan S. Isles, Igaac Vista, Claro Munda, Guillermo Vitangcol and Emilio Sumague. (Alejandro Semondak and Guillermo Vitangol, are incorporators only) TreQ.81trer: Alejandro Semondak, Rizal, Laguna.
KANLAON MANAGEMENT CORPORATION Heael Office: Manila, .Philippinet_Registered: December 8, 1936- TeTllt: 50 years-BlIs-iness: Ma· nagement-Nationcd;ity: Filipinq-Capital Stock : Pesos 500,000.00 divided into ~O 'OO O shares of the par value of Pesos 1.00 each Sltbscribcd Ca,pitl!t/: Pesos 100,000.OO-CapitaL Pai : Pesol! 25,875.00Incorp01'ators: Rical-lo C. Laeson, Pedro C. Hernaez, Jorge L . .Araneta, Rafael R. Alunan, Car los P. Romulo, l\f'a nuei Regalado, Valeriano Gatuslao, Alfredo Montelibano, Jose J. Tinsay and Jose Mo· reno. KANLAON SEOURITIES AND INVESTMEN'IlS CORPORATION H ead Office: Iloilo, 1l0ilo-Reoistercd: October 5, 1936-Term: 50 years -B1tshlC88: Stocks, Unit s Bonds, Debenture,;, Notes, Securitie9-Nationality: Filipino-Capital Stock: Petos 5,000,000.00 divided into 10,000 shares of the par value of Pesos 100.00 each, which shares thall be known as Cbss A shares and 4,000 shares of the par value of Pesos 1,000.00 each, to be known as Clas3 B sharesSltb scl'ibed and Paid Capital: Pesos 345,000.00In coJ'poratcn's and Directors: Pablo Gurucharri, Claudio Aldecoa, Jose Ma. RO~{lles, Federico Soloa· ga, Alejandro Amechazurro, W. Gcmperle and Oscar Ledesma. (Pablo GUl"uchal'ri and Jose Ma. Rosales, are incorporators only.) _Tn!a.slO·er: Claudio Aldecoa, IlOilo, Iloilo. KAPILAN MINES, I NC. Head Office; 306 Plaza Miranda, Quiapc>, Manilll- Business: l\1ining Permit to sell 299,000
KATl!1BUSAN CIGAR & CIGARETTE FACTOHY Head Offit;e: 501 Clavel, Binondo, l\Ianiln-Na,.f.iolWUty: Filipino-Business; Cigar and Cigarette Mamlfacturers-Estab1i~hed: 1908-P)'inCi7)u/8: Ma nuel V. Gallego, President, Dr. Ramon J. Ongsiako, Manager; Directors: Engracio Clemefin, Salvador Barrios, Dr. Ramon J. OngsinKo, Mr. Manuel V. Gallego, Padre Damaso del Rosario-Authorized Capital: Pesos 500,OOO.00-Paid-in Capital: Pesos 378,000.00-Par Value of ShaJ'es: Pesos 2.00-An1!!1al TUl'nQvel': Pesos 600,OOO.00-Bank Reference: -Bank of the P hil ippine I slands ; Phi lippine National Bank. KATUBUSAN T H EATRE CORPOHATJON Hcad Office: Moriones, Tondu, Manila-Registel'ed: August 27th, 1937-Alt!ho";:ed Capital: Pesos 80,000.00-SlIbscribed Capit(ll: Pesos 80,000.00P(lid.ill Capital: Pesos 40,000.00-hlcorl10ratot"s: Modesto Santos, Ermelo Vergel de Dios, Emilia Vda. de Santos, Francisco Santos, Pilar R. Santos de V(-)'~el de Dios, Virginia Chico nnd Pacita Chico. KAW TEK & COl\1PANY Head Office; 843 Calle Jaboneros, Manila-Reoistered: March 8, 1935-Term: Ten years, beginning from March 5, 1935-BlIsint'88:. Philippine Products-NaHOfIalitll: Chinese - Caplwl: PefO!l 18,000.0O--Capital cont.ributed by ca(Jk partner:
PHILIPPINES Kaw Tek, Pesos 5,000.00; Chua Son, Pesos 9,000.00; Chua Chu Chai, Pesos 4,OOO.OO-Mnnager: Kaw Tek.
KAWILJHAN INVESTMENT COMPANY Head Office: Mandaluyong, Rizal, ManilaAuthorized Capital: Pesos 1,QOO,OOO.OO-$ubscl-ibed
Capital: Pesos 400,OOO.OO-Paid-in Capital: Pesos 207,lOO.OO-DirllCtO)'S and 17lcorporators: Jose B. Vargas, Marina Y. Vargas, Paz Vargas, Faustino Reyes, Miguel A. Pajarillo.
2»
Agencies: Glens Falls Insurance Co. of New York, General Insurance Co. Ltd. of Triegte & Venice. Norwich Union Fire In!!'urance Society Ltd.--Bank Rejerences: Hongkong & Shanghai Banking Corporation, Manila. KENG CBOAN AND COMPANY Head Ojjice; Nos. 853-855 Dagupan, ManilaRegistered; August 11, 1936- Tel·I1l.S: Five years, from August 11, 1936-Busine8s: Rice, Palay, etc. -Nationality: Chinese-Capital: PesoiJ 11 ,000.00 -Capital contl'ibufed by each partner: Keng Choan, Peso£ 5,000.00, T-8')l Kok Siong, Pesos 3,000.00, Siy An Siong, Pesos 3,000.00.
ED. A. KELLER & CO. LTD. Head Office; Zurich, (Switzerland)_Brcm~ che8: Hongkong & 178 Calle Juan Luna, Wise Building, P. O. Box 313, Manila-Business: Impol'· K(lM SIAU TONG SELF CONTROL DOMESTIC ters of Cotton, Linen and Silk Good~, Provisions. ASSOCIATION Watooes, Perfumeries, Pharmaceutical Products, Head Office: 907 Marcelino de Santos, San NiMetals, Iron, Woot\en and Leather Goods, Paper, -colas, Manila_Registel'ed: November 14, 1935Glass and Earthenware, all kinds of Sundries. Tet'm: 50 years-Busine8s : To aid and help a Fire-Marine-Motor Car and Workmen'g Com- school or schools in China_NIationality: Chinesepensation Insurance. aeionality: Swis£-D'i recIncorp01'ators and DiuctO'l's: Chun Yeng Si, Chung tors; W. 1\1. Keller, W. R\ Diethelm, Dr. E. Kelle!' Kiat Kiat, Cheng Liong, Cheng Kiao and Ching & H. A. Keller. Capital: Swiss Francs 1,500,000.00 Soan-Tl'l1QSurer: Cheng Kiao, 913 Dagupan, fully paid up-Mallage·r : G. Woessner_Telegraph: Manila. "Edakeller". Codes: A.B.C. Code sixth edition, KINKWA MERIYASU CO., P. L, INC. A.B.C. Code fifth edition improved, Bentley'g fir£t Head Ojjice: 529-::>43 Azcarraga, Tondo, Ma4 and second, Western Union five-letter edition. nila-Bl·anche.~: Nonc-NatIOJlality: Majority JaAgents jor: Phoenix Assurance Co.• Ltd. of Lonpanp.se-Bl!si,less : Manufacturer and Importer of don; Samarang Sea & Fire I'lisurance Co., Ltd.; FralJkliJ'! Fire III.~urance Co. of Philadelphla; Aachen Cotton Goods-Established: 1921 as a Branch of a Munich Fn'e Im:urance Co .. Aachen, (German~'); Foreign Corporation and in }929 was conver ted into E. R. Equibb & Sons, New York, Pharmru:euti- a Domestic Corporation-Authorized Capital: Pesos cals; Lautier fils, Grasse, Essential Oil and 300,OOO.00-Paid Ca11ital: Pesos 225,000.00. At end Perfwne Essences; The Maggi Co., Kemptal, of 1937 expect to increase capital to Pesos 600 .000.00 (Switzerland), M~ Soups. Seasoning and all paid up-So Kitajima, Manager-Bllmk Rejel'Bouillon Cube£.; The Wander Co., Chicago, ence: Yokohama Specie Bank- Telegmph..- "Kinkwa Ovaltine; Friedrich Mauthe. G.m.b.H. SchweninMeriyasu". gen a.N. (Germany), Powders, Beauty PreparaKINOGITAN DEVELOPMENT CO., INC. tions; R. Ditmar Brunner Bros. Ltd., Vienna, Head O/fide; 39 Mabini, Cebu- Registel'ed: (Austria), "Maxim" Lamps. Miles Laboratories, September 8, 1936-Tel'1n: 50 years-Business: Inc., Elkhart, Indiana, U.S.A. "Alka-Seltzer"_Bank Lumber, Sale of logs, and development of agriculRejel'ence: The Hongkong & Shanghai Banking tural land!!', etc.- Nationality : Filipino- Capital Corporation. • Stock: Pesos 25,000.00 divided into 2,500 shares of C. KELLING. INC. the par value of Pesos 10.00 each-Subscribed Head Office: 42 Dasmariiias, Binondo, Manila Capital; Pesos I1,150-Ca.pital Paid; Pe90s 7,-Nationality: German-Busine88: General Im520.00; Cash: Pesos 820.00; Property: Pe!:os 6,'700.porters and Insurance Agents-Established: Octo- OO-lncorporo;tol'S; Fortunato S. Veloso, Manuel J. ber 1st, 1929-Authorized Capital: Pesos 30,000.00 Veloso, Fausta Hynson, Rosario Varius, Margarito -Paid-Up Capital: Pesos 30,OOO.00-Pa.r Value oj E. Revilles, Cesarea Gorordo, Ricardo H. Veloso Shares: PesO! 1,000.00--Annual Turnover: Pe90s and Ester Abarquez..-Director8: Fortunato S. Ve4 250,000.00 · - Re8erve: Pesos 12,000.00 _ Teleloso, Manuel J. Veloso, Margarito E. Revilles, Yos9 r aplt: "Renlllte"-Code/J U8ed: Bentley's, Acmehiyasu Furusawa and Ricardo H. Veloso-Tl'ea-
THE COMMERCIAL & INDUSTRIAL MANUAL
256 SUI'CI-:
Carolina Veloso, San Roque, Maholo, Ccbu,
Cchu. KLA R & ALVEAR He(ul Office: 4·n Sail Vicente, Manila-Na/;ionalilY' AmCl'icnn-BHsinvss: Stock and Bond Brokers - Partnership bptween J. L. KIaI', Managing-Partnncr, and Carlos de G. AJvear-Establis/ted: February 1937-Aulhori;;ed atld Paid-m CU!Jit(ll: Pesos 100,oOO.aO-8unk Re/erence: Philippine National Bank.
KM. 73 MINING COMPANY Head Office: 227 David, Manila-Regis/eyed: Sept.cmher 1, 1936-TcJ'JIt: 50 ycm's- Busines8: To Construct, Bui ld, Operate and Maintain Mining Plant9, Mills, Buildings, Works, Workshops, Laboratol'ies, l\-! nchinery, Power plnnts, Sawmms, Store~ & Wal'chouses-Natio1wlity: AmericanCfl])ital SLoe/.:: 1,440 shares, all of which ere without nominal or par value-Sltbsc)'ibed and Paicl-'11I Capit(ll: Pesos 7,200.00- lncorporators and Directors : A. E. Haley, G. V. Felipe, G. 1\1. Ivory, Hammon H. Buck, John Gordon Jr., Paul Gulic, A. H. Bishop and Severino ManQtok. (G. V. Felipe anti Paul Gulick, are incorporators only) -Trea81l1'er: Hammond H. Buck, San l'allcisco, San Juan, Rizal.
KOAN CHECK UN & COl\IPANY Head OOice: 320 T. Pinpin St., Manila-lleOistered: July 17, 1935-Term: Two years from the Apri l 1, 1934- BusineS8: Importi ng, Exporting, Buying Goods, on Commission Busis-Nalio1U:litV: Chinese-Capital : Pesos 45,OOO.00-Ca,pital contributed b1l each pa)·tncr: Koan Check Un, Pe~s 10,000.00; Cho Sun, Pesos 2,000.00; Yee Bing, Pesos 3,000.00; Ch-an Kwok Kjoy, Pesos 3,000.00; Yip Yee Chiung, Pesos 3,000.00; Yao YUIl Ling, Pesos 3,000.00; Yu Shing. Pesos 3,000.00; Ley 'You Lee, Pesos 3,000.00; NIg Kap San, Pesos 3,000.00; Wong WUlJ, Pesos 3,000.00; Yu Puen, Pesos 3,000.00; Y.an Fong Pesos 3,000.00 ; Wong Ti)', Pesos 3,000.00 -Managcr: K.-oan Check Un. KOLAl\IBUGAN WORKMEN'S ASSOC., INC. He(td Office: Kolambugan, Lanao--Regi'ltcred: May G. 1936- Term: 50 years-BlIsiness: Labor Union-Nationality:
Filipino--lncorpoJ'ato)'s a11d Dil'ectors: H. T. Feliciano, E. P. Cruz, R. P. T..Imu-
la, Epifanio Plores, Sidney Austin, Guillermo Sobremisann, Primitivo Patrio, Serofin Estevanes and L. D. Aguilar. KOPPEL (PHILIPPINES), I NC. Head Office: Manila-Branch: Iloilo--Natio!1alitv: American-BllshICBS: Importers of Railway
Equipment; Machinery and Supplies--EiJtllblUil!ed: 1929-Principals: A. H. Bishop, Resident Yice-]'l'csider.t-Teleg)·aph: "KoJlPelrnil"-BaJlk Refereucc: Bank of the Philippine I slands; Philippine National Bank. KUI'I'IMER & COMINS H cad Office: 189 Juan Luna, M1Inila, P. LNationality: Filipino - Business: Manufacturers' Agents-Established: 1920-AOimtB for: Cannon Mills, Inc., New York; William L. Barrell CC'mpany, New York; Turner Halsey Export Corporation, New York; American Bleached Goods Co., Inc., New York; Philips' Glowlllmpworks, Ltd., Eindhoven, H ol1and- Incorporatcd undel' Philippine Commonwealth Laws-Telcgr(1)/t. Adell'CBS: Kunmerj Emergo-Bank Reference: China Banking Corporation. .MAX KUr.IMER & COMPANY
H ead Office: 7th Floor, S. J. Wilson Bldg., Manila, P. I.-Business: Stock and Bond BrokersEstablis/ted: September 1, 193G-Altlhori::ed CapilUI: Pesos 100,OOO.00-Paicl Up Cllpitul: P esos 100,OOo.OY- TelegJ'aph: "Kummer"-CodciJ Used: Private & Wall Street New Ed._Prl·Jlcil)aI8: Max KUl'll91er, M-anaging Partner, Heinrich nichoff, PaTtner- Bank Refe),(nlccs: Cllal·tered Bank of Indin, Australin & China; P eoples Banlt & TI'Ust Co. KWONG AH S ING & COMPANY liCtI(l Office: 413-15 l\loriones St., Tondo, Mnnila_Registcred: August a, 1936-Term: Ten years from July 15, 1935-BlIsincIlB: Manufacturing lI.nd sale of Aerated Water, etc-Nationalitll: Chinese-Capital: Pesos 1,300.00-Oapitat contributed by each PU?·tlLCI·: Kwong Ah Phoy, Pesof 200.00; Kwong Ah Sing, Pesos 200.00; J ose Kwan Capule, Pe20!:1 20000; Kwnn Kam Kong, Pesos 200.00; Yee Gee, Pe~os 90.00; Chong Mall, Pellos 80.00: Tam Lim , Pesos 60.00; Lee Yee, Pews 60.00i Lao 1\1an, Pesos GO.OO: Kwan Choc, Pesos .10.00; Ong Pen, Pesos 20.00; Sy Ko, Pesos 20.00; Wong Wah, Pesos 20.00; Cheung Kwai, Pesos 200.00; Gregorio Salvador, Pe£os 20.00_Munager: Kwong Ah Phoy.
LA ALEGR IA (BENITO GONZALES) H ead Office: Gonzales-Santiago Building, 43.', 1'0'1. de Bdo, Manila, Philippine Islands- Nationality: Filipino-Bltsillt'Bs: Fl our Importers and Distributors, Groceries and Dried Fish Busine~-Estab lished: 1901-Capital: Pesos 80,000.OO-Tc1c o r aplf: "Alegl'ia"-Princ-ipal: B. Gon1.aies--Bra11e11: Chunn Bing, 1133 M . de Santos, Mnnilo.- Ballk Rolcrc'I(;(,: Bank of Philippine Islands.
PHILIPPINES LA DEFENSA AGRICOLA, INC. Head. Office: Manila, Philippines-Registe.red: January 12, 1937-Term.: 50 year!:_Bminess: Land Surveyors-Nationality: Filipino---Oa.pital Stock: Pesos 1,000.00 divided into 200 shares of the par value of Pesos 5.00 each-Subscribed Capital: Pesos 200.0o-Capital Paid: Pesos 60.00-Incorpora~ tors: Patricio S. Navarro, Teeodoro B. Flores Antonio Tanedo, Encarnacion E!:carial Florentina E. Clarino, Apoionia Sarmiento, Luz Navarro. Felix Manuel, Ismael Cruz Matias and Asuncion E. Clarino. LA ESPERANZA PLANTATION, INC. Head O/rice: Mandaluyong, Rizal-Registered: September 24th, 1937-Autkorized Capital: Pesos 40,OOO.OO-Subscribed Capital: Pesos 20,000.00Paid-in Capital: Pesos S,aDa.aO-Incorporators: Mesdames Esperanza de Fabella, Genoveva S. Villalon, Magdalena S. Lopez, Messrs. Antonio Bernardo and Roman Aquino. LA FORTUNA TRADING COMPANY, INC. Head Office: Pasuqum, Ilocos Notte-Registflred: October B, 1936--Term; 50 years-Business: General Merchandising, Wholesale and Retail. To Engage in the Importing and EXporting Trade; Native Industries-Nationality: Filipino-Capital Stock: Peso& 40,000.00 divided into B,OOO shares of the par value of Pesos 5.00 each _ SUbscl;bed Ca.pital: Pesos B,OOO.OO-Capiflll Paid: Pesos 2,015.00 -lnc01'Purators a.nd Directors: Victoriano Aguinaldo, Esteban D. Batuyong, Santiago A. Orque, Tito G. Edurise, Lino D. Onagan, Manuela L. de Lune, Lino A. Aguinaldo, Petra O. Calilan, Marcela Malapira, Evaristo Aguinaldo, Florencio Florentino, Anselmo Vitin, BrW'lo Orque, Marcos Peralta and Maria Claravall. (Esteban D. Batuyong, Manuela L. de Luna. Victoriano Aguinaldo, Santiago A. Orque and Lino D. Onagan, are incorporators only) -Treasurer: Tito G. Edurise, Pasuquin, Iloc,')s Nol':te.
257
LA FLOR DE LA ISABELA This is the name of the large and important Cigar and Cigarette Factory which the Compania General de Tabacos De Filipinas ow.ns in Manila, a name which has been. made famous throuehout the Far East and in the United States of America, and is used as a trade mark and brand for the products made from the finest tobacco of the Philippine Isla路n ds which is produced in the provinces of La Isabela, in the Valley of Cagayan. The La. Flor de la Isabela Factory, was the first property which the Compania General de Tabacos路 de Filipinas erected on the lands which they acquired in Manila in the vicinity of the Pasig River when they established themselves in the islands in the year 1882. It was opened in the year 1885 and has therefore been in existence about forty years. The increasing success qf its output has necessitated addition!: to Factory and plant, and to-day the hands employed number 5,000.
MAx KUMMER & CO. STOCKS and BONDS MEMBERS: Manila Stock Exchange 7th Floor S.
J.
Wilson Building
TELS:
2-15-26 2-15-27
2-15-28
LA MILAGROSA Head Office: Luban, Baguio. Mt. Province-Registered: September 18, 1935-Business: Industrial Education - Nationality: Filipino,-/ncorporators a.nd Trustees: Sigters Carmen Reta, Ana Casassas, Ramona Izquierdo, Rosario Miranda and Adela Bo'ligon.
EXCHANGE
2-15-29
P. O. BOX 1458 MANILA
e.
NOTE:-THE INFORMATION CONTAINEO IN THE COMMERCIAL. INDUSTRIAL. MANUAL. OF THE PHIUPPINES IS OBTAINED FROM SOURCES BEL.IEVED TO BE REL.1ABL.E AND IS THEREFORE BELIEVED ACCURATE aUT IS NOT NO RESPONSIBIL.ITY THEREFORE CAN BE ATTACHED TO THE PUBUSHERS OR ANY
~~t::S~TNETEfTIl~:~r;~:E6~~D
THE COMMERCIAL & INDUSTRIAL MANUAL
258
The land in Manila. belonging to the Compaiiia where La Fla r de In Isailels, is situated is called Predio de San Marcelino and comprises the highe!!t, most attractive and healthy part of the eapit:!.I of the Philippine ul"chipeiug-o. H el'c the Compania has
created onc of the principal districts and centres of industrial and commercial activity in MoniIa, which is approached by t he Marques de Comillas Avenue, so called in honor of the first President of the ComThe magnificent property, admirably :!'ipania.
LA FABRICA DE CERVEZA DE SAN MIGUEL San Miguel Brewery Founded in 1890 ( Incorporated Under the Laws of the Phil ippine Islands in 1912)
Balance Sheet as of Decembet 31st, 1936 ASSETS Fixed Assets : Land... \ Buildings.. . Plant and Mach inery. : \ : Furniture and Fixtures.. .\ Transportation Equipment. Other Fixed Ancts ... .
路P l,099,461.42 2,906,254.48 2,316,415.04 129,599.04 146,006.73 63,813.46
CURRENT ASSETS Sundry Debtors .. .\ Invcntory .. Cuh on Hand and in Othcr Current Assets . Deferred A$.$C(s.. M..iscclbneous Assets. Goodwill.. COntra Items ..
')03,407.90 1,235,695.47 44.413.92 24,}86.81 61,366.50 189,597.61 888,677.85 236,488.90
Total. Rescn'e lor Depreciation.
P9,845,585.13 1,658,011.44
Total Assets ..
1'8,187~573.69
PROFIT AND LOSS Re\'enllcs: Prolin from Sale5 of Products .. Accounts Recovered". Other Income .
Gross Prolit. ..
Ll ABlUTlES 1'5,700,000.00 Paid-up Capital.. 902,147.82 Statutory Reserve .. Premium on Issue of G.pital-5tod: Held in Reserve . . ,. 862,003.91 Current Liabilities. Ocher Liabilities . 236,488.90 ContI? hems .. 486,933.06 Surpl os ..... .
1路I ,Ul ,942 .]2 1,630.91 14,102.76
Total Liabilities
Expenses: Dividends Paid ., . . Directors, Managers' Fees, Etc. Statutory Re s.erve,." ... , Depreciation Rescn'e ...... ,. Taxes and Other ExpcnSC5., TransferTcd To Surpl us ..
152.542..85 49,928.57 161,CXX>.00
Ill,271.51 66,931.06 J'I,237.615.99
'Pl,237,675.99 Dh路idends Paid per Share. Price Range of StOCk: High .. Low...
I) 684,CXX>.00
P
9.00
115.00
9000
PHILIPPINES tuat ed, traversed by can-ais land aven ucs, which joins the Pasig River and the centre of the city, covered with fac1:ories , warehouses, offices residences and gardens, i~ today an ornament and worthy of modern Manila. In one of the most picturesque avenues, viz 100-
259
TRAVEL
ac Peral, the Factory La FloI' de la Isabela is found, surrounded by gardens, passing through which bh e visitor reaches the val'iou!; buildings composing the spacious factories . The Factory consis ts of 42 departments, where a populace of workers of both sexes, managed by expel'ts dexterous in the manufacture of Cigars, produce variou~ cia9ses of Cigars and Cigarettes so highly appreciated by the public.
The spacious extent of the departments where the workshops are iQstalled, the cleanliness, the hygienic services, and the kindly and careful treatment received by the Factory employees, have been the subject of praise on the part of Americans and foreigners who are consta~tly visiting La Flor de la Isabela. The machinery used in th€! !Factory for the different complicated manufactures is of the most modern and up-to-da t e type, and the Chiefs of the F:lctory give special attention to effecting improvements and progress in this connection . 'L'o-day the equipment of La Flor de la I sabel;a, has no equal in the Far East and can compare with th e be9t dgar and tobacco factories in Cuba. LA NAVIERA F I LIPI NA, I NC. H ead Office: Cehu, Cebu, P. I. -Nuti9nality: Filipino-Business: Shipowners-Established : 1928 -A~ahol'ized Capital : Pesos 1,500,OOO.OO-Paid Up Capital: P~os 974,325.00·-Pal· Value of ShU1'es : Pesos 500.00-Tel<lgl·a,ph.: Lanaviera--Codes ljsea.: Bentle-ys-P1"incipa/s: Jose Corominas, Manager, Directors: Ramon Aboitiz, Lorenzo E1scano, Vidal Aboitiz, Mamerto Escano, Luis Aboitiz, J uan Corominas-Bank Refe1'ences: Chartered Bank of India, Australia & China, Ltd., The Bank of the Philippine Islands--Hilltol'ical Notes: This corporation owes its existence to .t he merger of the fleets of Aboitiz & Co., I nc. and Hijos de F. Escano, Inc. in 1928, two old F ilipino concerns.
JOHN LANDAHI., I NC. Head Office: Manila-B?·amches· Cehu P l ' Apani, P. I.-Nationality: Filipin~Bt(siness;' I~~ portel's-Establwhed: 1924-Prillcipals: John Landahl, President, Edgar Krohn, Vice-P resident, M.
On new, comfortable and fast motorships under the command of captains of long experience in interisland navigation. When traveling in the Philipr nes write to us.
Weekl y sail-
ings from eebu to Manila and the Principal Ports of the Philippines with 14 new mororships.
Very
reasonable rates . Any information about Visayan
fslands gladly furnished by
LA NA VIERA FILIPINA, INC. 41 Marrires St.
Telephone 673 Ccbu , Ccbu
Philippine Islands
THE COMMERCIAL
260
&
Rasch, r.Iannger-Capital: Pesos 300,OOO.OO-Pa.T
Value of Sliares: Pesos IOO.DO-Agents for: Rheinrnetall-Borsig Germany i Standbau Freund, Licht GeseUschaft, Germany; Draisinen-Bank References: Hongkong & Shanghai Banking Corporation; National City Bank of New York; Yokohama Speeie Bank, Ltd.
B. M. LAURITSEN COMPANY, INC. Head Office: 618 Gonzales, Manila-B1Isine88: Embroideries-Established: 1923-Principal: B. M. Lauritsen-Capital: Pesos lOO,ODO.aO-Agents for: B. M. Lauritsen & Co., Inc., 1350 Broadway, New York City-Telegra:ph: "Laul'itzen"-Bank Reference: National City Bank of New York. LA PREVISQRA FILTPINA MUTUAL BUILD NG AND LoAN ASSOCIATION
Head Of/ice: Manila-Business: Real EstateEulogio p, Revilla, President; Paciano Dizon, Vice-President; Ramon Racelis, Manager: Celso lcasiano, Secretary-Treasurer: Canute Martin, Director; Juan D, Quintos, Director; Rufino Luna, Diredor; Clemente Unson, Auditor-Bank Re/ereJlce: Philippine National Ba k; Peoples Bank and Trust Company. D i rectfJ)'S:
Report of the President to the Stockholders, "La Previsora Filipina", Mutual Building and Loan Association, February 26, 1937: The close of the year 1936 marked another dis. tinct progress in the business of your Association both from the standpoint of stability and profit. 'While I am particularly pleased with the size of dividend declared by your Association on installment shares during the year which r understand was one of the highest, if not the highest dividend declared in that year by a building and loan association in Manila, I wish to call your attention to the fact that your Association was never in a stronger and more stable position nor had it stood on a firmer and more solid ground than when it was as of the close of business December 31, 1936, 'We adopted during the year various measures designed to give you the maximum henefits of the business of your Association as well as the maximum protection o[ the money you have entrusted with us. We inaugurnted the declaration of quarterly dividends on installment shares, abandoning the old practice of a single dividend declaration a year. In
INDUSTRIAL MANUAL addition to the legal reserve which stood at P32,782.50 at the end of the year, we set aside a voluntary reserve of PIO,235.61 to take care of possible future contingencies, exclusive of the amount of P23,272.06 which we set aside to take care of the depreciation in the value of real estate acquired by the Association. Also, the cost of running your Association was maintained at a low level consistent with efficiency. I am of course aware that the success of your Association during the year was due large1y to the support and cooperation you have given the Management in pushing through its program of operation. I am sure that with your continued support of that program, the future 011 your Association is assured. The accompanying report of the Manager addl'e!';sed to your Board of Directors and approved by the latter at its meeting held on Februal'y 8, 1937 will give you in detail pertinent information about the business of your Association during the year unde~' review.-E. P. REVILLA, Pr6Bid6Jtt. REPORT 01" THE !l.IANAGER
!n compliance with pargraph (a) of Article 50 of die by-laws of our Association, I am pleased to submit to you the E leventh Annual Report of the La Previsora Filipina, Mutual Building and Loan Association, as of the close of its business ending December 31, 1936. At no time since 1930 had the Association been in a more properous and sound financial condition than it was during the year just closed. Its net profit for the period was 1)66,286.66 which after paying the quarterly dividend of 7 % per annum to holders of fully-paid shares (Liberndas) made possible the declaration of a total quarterly dividend of 7-1/2 "/" to holders of installment shores resulting in the early maturities of a number o[ our shares. I am pleased to state that the dividend of 7-1/2 0/" credited to the accounts of our inst.'lllment share路 holders for the four quarters of 1936 was not only the highest dividend declared on installment shares by our Association since 1930 but it was also far above t.he current interest generally paid by other consen'atoive institutions of savings open to the average individual. For your infonnation and for purposes of comparison. I am giving hereunder the
PHILIPPINES dividends declared and credited to accounts of our installment shares since 1930: 1931 7.30% 1932 5.30% 1933 5.80% 1934 5.000/0 1935 6.00% 1936 7.50% which, as you will note, show a distinct upward trend from the close of the year 1934 when the Association was taken over by the present management. It must be recalled that at the beginning of the year, the Association, with a view of giving its shareholders the maximum benefits of t he profits derived from its operations, inaugurated a policy of declaring quarterly dividends on its installment shares instead of only once a yeat路 as was its usual practice and that of the other building and loan associations in Manila. It is obvious that when a shareholder receives a certain rate of dividend based on one year but credited to hi mfour times a year, he gets more than when he is given the same rate but cr ediated to his account only once a year Accordingly, in the case of the total dividend of 7-1/2% declared and credited by the A'ssociation to the accounts of our shareholders for the four quarters of 1936, they actually received more than what they would get had the association followed its previous practice of declaring its dividends only at the end of the year. Thus on the basis of 7-1/2%, the effective rate which it actually declared on these shares had such credit been made only at the end of the year would have the equivalent of our shareholders receiving a dividend rate ranging from a little ovel' 7.1./2% to as high as 11.38%. There can be no doubt t herefore that during the .year just closed, our investors I'eceived one of the biggest return~ pel' peso of their investment since the Associa_ tion was established eleven years ago. Nor was the size of the dividend which the Association declnred the only indication of its successful opel'lltion during the year. It was further indicated by the relatively high degree of protective measures adopted by the Association to insure the safety of our shareholders' money so that every centavo of their investment in the Association ma.y not only earn attractive income but its return to them may also be fully assured. Whereas on December 31, 1935 the reserve account of the Association was P29,467.24, at the close
261
of the year under review, it was increased to P43,018.11 which amount is more than adequate to take care of any probable contingency of the Association. Moreover, instead of considering the amount of P15,448.48 representing profits realized on sale of pro.perties of the Association as a source of income, it is however being rteated as a resreve account to take care of possible fluctuation in the value of our unsold properties. In addition, we are keeping the amount of P7,823.58 as reserve against some of our acquired properties, the book value of which we consider to be below their market value. Our total reserves therefore as of the close of the year amount to P66,290.17. These measures were. taken in line with our poJicy of observing to the letter our obligation to pl'otect to the fulest extent the investment of our shareholders. The successful operation of the Association duro ing the year under review may be attributed largely to the following: (a) Collection was unusually high compared with the previous year. A distinct disposition on the part of our borrowing members and holders of free shares alike to place their accounts on a current basis was clearly evident. Delinquencies dropped considerably and even the few delinquent accounts outstanding at the close of the year had the prospects of becoming good accounts in the near future. From the nature of the accounts of OUT bol'rowers as of the beginning of the year, we estimated a total of not less than P60,000.00 representing the book value of possible mortgage loans likely to be foreclosed during the year. However, the total value of mortgage loans actually foreclosed during the year amounted to only P36,465.91, the rest proving to be good accounts. (b) Our plan adopted since the eurly part of 1935 of selling ouI' acquired properties as fast as reasonable prices fol' them are obtained was continued more than ever in 1936 with the result that of the properties remaining unsold in 19:f5 01' other,vise acquired in 1936, many were disposed of during the year. As of January 1, 1936 our acquired properties stood at P132,398.01 The total acquisition during the year was P36,465.90. We sold during the same period a total value of P99,501.66 of which P19,409.84 represents sale about to be consumated or offers of purchase approved by the Board but held pending compliance of certain conditions in the sale agreement. While therefore the total value of our Real Estate Owned shown in the
262__ _ __
THE COMMERCIAL & INDUSTRIAL MANUAL
----'---
accompanying balance sheet as of December 31. 1936 stood at 1'88,772.10 as a matter of fact P19.409.84 of that amount represents sales about to be consumated. These sales meant the conversion into productive assets of what otherwi se would remain " white elephants" of the Association. Based on an investment of 10 %, these sales represent an additional income to the Association of 1>9,950.16 a ;yea r without taking into con9.idera t.ion the big amount it saved in the form of taxes, insurance pl'em ium, repairs, etc. Among the outstanding events of the year affecting the business of the Association may be mentioned t he following: (n) The result of the court action instituted against t.he Association by its former directors, Vicente Legarda, Miguel Romualdez and Pedro Mata, for recovery of various sums of money by reason of the cancellation b)' the former of certain alleged contracts of employment was, in each instance, favora ble to the Association with the exception of the case of Pedro l\.'lata which is yet pending trial. The case of Vicente Legarda is however on appeal in the Supreme COUlt. The\iecision on t he Romualdez case was recently haml~d down by the lower court of Manila dismissing the complaint against the Association as without merit and further ordering the plaintiff to pay the Atsoc ia t ion the sum of "495.00 for various amounts illegally collected by him. No decision is handed as yet b~路 the Supreme Court in the case of Juan Tuason vs. La Previsora Filipina to which body it is now on a ppeal. Although the decision of the lower court on t hi s ca'se is adverse to the Association, our attorneys have high hopes of finaUy winning bhe case in the Supreme Court. As already st.'Lted in our 1935 report to the general stockholders, even i1 the Association loses this case, our l'eSel'Ves being man y t imes morc t ha n the amount of money therein involved, the business of the Association would not in the least be affected by it. (b) Our Association was instrumental in preventing Bill No. 2397 passed by the National Assembly ill its last session fl'om becoming a law. Thi s bit! provides for a certain manner of disposing real estate properties acquired by a building and loan association which, had it became a law, would be most prejudicial to the intel'est of building and lORn bus iness in this country. It was passed by the National Assembly without giving the local as-
sociations an opportunity to voice their opinion on t he matter. When therefore it was sent to the President of the Philippines for its s ignature, our Association immediately took steps to voice its oppos ition to the bill and propel' representation was made with the Chief Executive to veto the bill The bill was finally vetoed by the President. In accordance with the policy of the government to prohibit its officials f!'Om participating in the management a nd cont rol of pl'ivate. enterprise!;, Auditor General Jaime H ernandez resigned as director of our Association. His position was subsequently filted by j;he election of Mr. Paciano Dizon, Comptroller of the Man ila Railroad Company in the general stockholde rs IMllting on Februal'y 26, 1936, After giving his valuable services as director of the Association for about 10 months, Mr. Dizon alopg with Dr, Rufino Luna , now Under-secretary of the Department of t he Interior and who had been OM of our distinguished board members since February 25, 1935 resigned their membership in our Board effecti,,!? as of December 31, 1936 following the recent ruling of t.he Cabi net prohibi t ing government officials from engaging in private business. MI'. Juan D. Quintos , another of ouI' Directors and an official of the BlH'~a U of Audits also s ubmitted his resignation bu t it was held pending fut.ure aeLion of the Board. Much as t.he Association desired to retain the services of these three distinguished gentlemen. however, there being no alternat.ive open to it, their resignations were therefore accepted with regret. To insure a working majority in the Board meetings before the election of new dircctors in the general ~ to ,路khold .:!l's' meeting which takes place in F ebruary, 1937, t he Association offer ed l\h. Rafael Roces , Presidcnt of the Sta. Clam Lumhel' Company th(' m(>mbership left vacant by MI'. Dizon. !HI' Roces indicated he would accept the position. With the passi ng of the year 193C. we ate therefore proud to state that we have once more closed another brilliant chapter in the life of our Association. Its accomplishments as s hown in the fol'C!;,oi ng paragraphs should n(>t be measured only in terms of the material benefits l'eeeived by our members hut they shoulri be vi ewed mther in the light of service rendered by t.he Association to the community. Within the full limit of its resources, it has encouraged thrift among the people of moderate means, built their homes for t.hem :'Ind contributed in no small measure to the happiness :llld well being of those it has the privilege to serve.
263
PHILIPPINES
"LA URBANA" BUILDING AND LOAN ASSOCIATION Balance Sheet for the Year Ending December 31, 1936 ASSETS
LIABILITIES 'P2,752,Q28.39
Mortgage Loans .................. .
42,532.90 121,797.80
Mortgage Loans under litigation. StOCK Loans .. Cash;
00 hand.
1~
15,563.70 186,370.30
202,134.00
Furniture III: Fixtures. Real Estate .. "........ " .... . Real Estate under rcrr2crion. Dues Receivable on shares. Fines Receivable on ducs .. IntereSts Receivable .. Fines Receivable on interests .. PremiulIls Receivable on loans .. Interest Receivable on Stock Loans ... Advances for account of borrower stockholders .. Sus~nsc accounts .. Condiciona.l Sales of Real Esc;ue ..
) ,747.20 499,9)8.27 87,465.21 61,4!B.30 5,)11.09 85,016.73 7,240.83 8,522.40 1,766.95 144,391.50
In Banks ...
Reali'wl Capital: Installment Shares. 'Pl,}78,099.69 Accruals .. 169,159.62 1'l,547,259.}1
8,545.19 15,400.00
Paid-up Shares.
1,865,400.00 P},412,659. 31
Unrealized Capital Due. Reserves: Legal Rcserve .. P Interest Receivable RCSCl"ved. Fines Receiv:lble Reserved .. Premiums Receiva ble on Mortgal!e Loans Reserved .. Imerest Receivable on ad路 vances for account of Borrowers Reserved ... Inte rest Recei v:lble on Stock Loans, Reserved .. Profi ts on properties sold on terms, Reserved ....... .... . Reserwcd for dep!"eciadon of properties. Dues paid in advance. Intere st on 10lns paid in ad"AIlce. Sundry Creditors .. Forfeiccd Shares. Dividends Payable. Undue Premiums on Loans .. Surplus. , .
61,483.30 75,514.76 88,}79.8} 13,700.12 9,158.40 27,67}.14 1,766路95 70,052.9} 166,62}.79
1~4.047,}21.76
'N,Q47.:m.76 CONTINGENT ASSElJ"S StOck Deposits: 'P 55,863.99 Boud of Directors.. Management... 5,522.74 Sundry.. .. .. .. .. .. .. .. .. 145,536.89 'P 206,923.62
CONTINGENT LIABILITIES Stock Depositors: Directors.. . 1) 55,86}.99 Man~ger. 5,522.74 Sur.drr 145.536.89
Interest, Premiums and Fines .. Entrance Fees ... ' ............ . Discounts on forfeited Shares .. Transfer Fees .. income on Real Estate ... ..... ...... . Profits on Real Estate sold for cash ..
1'276,237路54
Surplus for 1937 ..
P 163,217.35 795.00 5MO 418.60 8,912.72 2,836.}7
1'276,237.54
Nee /:;rofit for the year 1936 .. Surp us from 19}5 .......... . Reserve Fund; Al.!~)t[cd by.ehe Board of Directors in accordance with the .. . Divid~drratlon Law" and our By-Laws .................. . Paid-up Shares ...... . Installment Shares ..
P 206,92}.62 '~4 ,2 54.245.}8
'P4,254,245.}8
PROFIT & LOSS STATEMENT for the Year Ending December 31, 1936 Genera.1 ~xpenses.. l' 6},757.0) Dcprecl:l.uon ...... '. .. .. .. .. .. .. .. .. . 2,251.00 Expenses on Real Estate retractable.. 1,904.08 6%. of 1'108,325.48 profits, for the Board of Duectors and Management ..... 12,499.52 Net Profits .. 195,825.06
452,869.92 130.22 H8.5} 22,888.60 451.8) 79,457.11 12,623.50 4,509.44
t'195,825.96 41.29 '1'195,867.25
'1' 10,099.1} 1'137.607.67 43.560.01
181,258.58
"191,}57.81
I' 4,509.'1:
THE COMMERCIAL & INDUSTRIAL MANUAL
264
LA ROSARIO Head Office: 1001 R. Hidalgo, Manila-Nat-ionality: Filipino-Business: Distillers and Rectifiers; Wine Manufncturcrs-Established: 1895-Principals: Tuason and Legarda, Ltd.-Authorized Ca,* tal: Pesos 400,OOO.OO-Paid-in Capital: Pesos 285," 900.00-Pa?" Value oj Shares: Pesos lOO.OO-Telegraph Address: Benleg-Bank Reference: Bank of the Philippine Islands. "LA URBANA" BUILDING LOAN ASSOCIATION Head Office: Paterno Building, Manila, P. O. Box 13B-Nationality: Filipino-Business: Building & Loan Association-Established: August 1923Principals: His Exc..ellency Enrique Carrion y Yecin, Mal'quis of Melin, President; Enrique Vazquez-Prada, Esq., 1st. Vice-President, Gerardo Garcia, Esq., 2nd. Vice-President, Enrique P. Brias Roxas, Esq., Treasurer, Tirso Liza.rraga, Esq., Director, Dr. Manuel N. Tuason, Director Eduardo Roxas Gargollo, Esq., Director Genaro Barretto, Esq., Director; Enrique Vazquez-Prada, Manager. Authorized Capital: Pesos 20,000,000.00-Reserve:) Pesos 452,869.92Dividend: 71h %-Telegraph: 'Anabru"-Bank Referetlce: The Bank of the Philippine Isands; Hongkong & Shanghai Banking Corporation; Chartered Bank of India, Australia & China; Philippine National Bank; Philippine Trust Company; National City Bank of New York. LA VERDAD, INC. ANG TUNAY, INC.
Head Off1'ce: 520 Sto. Cristo, Manila-Registered: August 6, 1935-Tel'm: 50 years-Business: Importing, Exporting at Wholesale or Retail; Wines, Liquors; Alcoholic Beverages-Nationality: Chinese -Capital Stock: Pesos 100,000.00 divided into 100
shares of the par value of Pesos 1,000.00 eachSubscribed and Pa1'd-in Capital: Pesos 100,000.00; Cash: Pesos 12,500.00; Propert1l: Pesos 87,500.00incorporators and Directors: Go Sun, Ngo Cho Ti, Go Chong Guc.n, Ly Hua and Sy Fang-Treasurer: Ngo Cho Ti, 520 Sto. Cristo, Manila. LA YEBANA COMPANY, INC. Head Office: Gastambide 57, Sampaloc, P . O. Box 442, Manila-NationalHy: Spanish-Filipino-Establi8hed: 1906--Bt(8ine8s: Cigar and Cigarette Manufacturers-Principals: E. Carrion, President; S. Carrion, Manager-Po.id-in Capital: Pesos 1,000,OOO.OO-Telegmph: "Yebana"-Code8: Bentleys; Leibers ; Acme, Western Union-Ballk Re/e"ence: National City Bank of New York; Bank of the PhilIppine Islands; China Banking Corporation. LABO MOTHER LODE CORPORATION Head Office: 502 PerC2 Samanillo, Escolta, Manila-Registered: September 25, 1936--Term: 50 years-Business: Prospect, and Explore ores and Minerals and to Locate mining claims, Placer grounds or Lodes within the Philippine Islands and Recor.d the same 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, etc._Nationality: Fili.,ino-Ca.pital Stock: Pesos 843,500.00 divided into 8,435.000 shares of the par value of Pesos 0.10 eachSub8cribed Capital: Pesos 168,700.00-Capital P4id: Pesos 42,175.00-IncorpoT4tor8 tMtd Directors : Ramon de Amusategui, Rev. Eswnislao Arana Navarro, Leopoldo Brias, Manuel V. Gallego, Ramon J. Ongsiako, Joaquin D. Mencarini and Rev. Raimundo Salinas-Treasurer: Ramon de Amusategui, 540 M. H. del Pilar. Manila,
LA YEBANA COMPANY, INC . CIGAR & CIGARETTE FACTORY Cablr AJara.s:
P. O. Box 442
"YSBANA"
MANILA, P. 1. Comsponarnce Invited
57 Gast:lmbide
PHILIPPINES LABO SANTA ANA-SAN JOAQUIN UNITED
MINES, INC. Locat'ion, E:r;tent And Accllllsibility-The pro· perties of the Labo Santa Ana-San Joaquin United Mines, Inc., consist of two adjacent groups, namely; Laho Santa Ana with 38 full-sized lode mineral claims and Labo San J oaquin with 40 full-sized lode mineral claims. These two adjacent groups are located in the barrios of Cabusay and Bulhao, town of Laho,Camarines Norte. A road is now construct.. ed from the provincial road to Sta. Ana camp and a road connecting the San Joaquin camp to the main highway is under construction. General Geology-The predominating country rocks are granite, diorite and andesite. The two groups lie in the same ranges as that of the United Paracale. While in the air it appears to me that the United Pal'acale property is on the northern downthrow, while Lnpo Santa Ana-San Joaquin properties are on the southern downthrow of a mountain range with the Malaguit River in between. Geologically speaking, the conditions existing at United Paracale and at Laoo Santa Ana-San Joaquin United Mines, Inc., are similar. The writer has seen the underground working of United Paracale through the courtesy of Mr. J. B. Stapler, Manager of Marsman & Co., southern branch. The Country in general appears matured with flat roiling hills. Stl,tctural Geology-Labo San Joaquin Group: At the southwestern corner of Ami! claim is an open cut exposing an oxidized vein of 12 inches solid quartz highly mineralized with both walls altered. An average cut of 31,4 fcet wide on west wall gives $6.00, while the E. Wall gives a cut of 3 feet at $10.00. An average of the two will give a cut of 3.25 feet at $7.80. A little north of the above mentioned open-cut, a small shaft was sunk and at 20 feet down from coUar a cross-cut was dl'iven to the vein No.3, cutting it at about 5 feet from shaft. An average cut on the west wall of 21,4 feet gives an assay of $1.60, At the northwestern cornel' of Atin mineral claim is an open cut exposing a narrow vein with its hanging wall strung N_75 0 _W, and dipping 55 0 North, The vein is 12 inches exposed here. A little west of the open cut is a shaft following the vein. Sample here can not be taken at the time of inspection as everything is logged, A little west of the shaft No.2 is an open cut exposing this vein No.2 end an average cut of 12 inches on the west
265
wall give $6,20. A little east of the shaft No.2 is an open cut exposing the same vein No. 2 at an average cut of 15 inches giving $8.80, This proves that in two different points of about 100 ft. horizontal distance vein No.2 gives value. With all the evidences that veins Nos. 2 and 3 carries values and their strikes and dips known, diamond drill No.1 was sunk in a south one degree west and dipping 51° south, At about 28 feet from collar a ore sample gives $4.40. At about 143 feet deep it gives a sludge sample of $1.20. This corresponds to the dip of vein NO.3. At 328 feet deep a core assay gives 2.5 feet at $23.60, sludge give $2.80, If this is the continuation of vein No.2 it shows that vein No.2 steepens up at lower elevation and shows better values. On the western central border of Amin mineral claim is a tunnel No. 19 which has cut an andesitic dyke with both wans wide. Diamond drill hole No.2 was driven at about S--500--E, and dips 50 0 NW. At 219 feet the rock is d iorite and from 219' -235' is an andesite rock of about 16 ft, wide while immediately 235' is a body of dioxite rock. This changes of rock structure cOl'l'espond with the rock structure in tunnel No, 19, Stl'1.(ct«ral Geology- Santa Ana: Tunnel No. Z has cut from 30' 56* feet from portal a low grade161,4, feet wide vein matter composed of quartz streaked with galena , chalcopyrite, bornite and pyrite. On the foot wall 30 feet to 33 feet in, gives a cut of 3 feet at $2.27 and 33 feet to 33 l k in gives a ('ut of 0.5 feet at $3,30 while on the hanging wall a cut of 3 feet gives $3 ..10. In between the HW and FW is a zone of country rock impregnated with fissures filled up with quartz carrying the suphide minerals mC'ntioned above. The vein is striking south 50° West and dipping from 65 to 75 degrees north west. Tunnel No, 1 which is about 90 feet lower and about 500 feet West of tunnel No.2 has cut, at about 280 feet from portal, a series of stringers carrying the same minerals as found in tunnel No. 2. The structures and assa,ys suggest that it is weaker toward west and stronger toward east. Minel'alogy-A thin section of Santa Ana vein cut at tunnel No, 2 and the diamond drill core No. 1 which cuts vein No, 2 of San Joaquin was put under the petrographic microscope and minerals found are identical namely: galena, chalcopyrite~ pyrite and quartz as gangue,
266
THE COMMERCIAL & INDUSTRIAL MANUAL
Labor, Ti-mbe-r and Water-There is plenty of labor supply in the town. Ther e is unlimited supply of timber in the property. Water for milling, mining, and domestic purposes is enough. Power has to be generated by diesel engines. Concl11sion am.d Recomlllendat'ion-l. You have defined by open cuts and shafts two veins at Labo San Joaquin namely No.2 and No.3. Both veins strikes east and west and dips from GO to 70 degrees north. These two veins arc about 100 feet apart. 2. Before sinking a capital shait of three compartments you should sink two diamond drill holes
one about 450 feet and the second about 900 feet east of diamond drill No. 1. This is very important in order to know the kind of rocks underneath, as correct judgment where to sink the shaft can be made only after kn~ving the rock structure. From this shaft crosscut to... the vein should be dl'iven at the shortest possible Clistance. 3. Although the wict..th of the San Joaquin veins 2 and 3 are narrow, abou~ feet the most, it carried high assay values which is commercial cven there is a dilution of a feet. 4. The Sta. Ana vcin Oi about 16 feet wide show low grade values but its width is big. There is a minable part of 4 fcet in the foot-wall. The formation is very strong and T suggest that in tunnel 2 both sides of the cross cut should be drifted on the vein. The drift should not be as large as tbe main cross-cut but large enough to pass a small mine car. 5. At tunnel No.1 of Sta. Ana a drift toward east should be st.'lI'ted at about the projection line of the Sta. Ana vein. 6. DI'jve tunnel No.1, 20 feet more to cut the fault on the face. 7. After drifting Stn. Ana vein from tunnel No.1, select the point where values and structure are consta nt and from this point drive a cross-cut north about 100 feet. Diamond drill the Sta. Ana vein from this cross-cut to cut it at about 100 feet lower that tunnel No.1 level. If the vein is there and shows values located a place for shafting. 8. Purchase your own small dinmond drill costing around Il I0,000.00. 9. Stop all prospecting and put all your work in developing and blocldng the San Joaquin veins, 2 and 3, and the Sta. Aan vein. 10. Judging from the present amount of development work in the property it shows promise
and if your veins continue to give values at lowel' levels you will soon be a producing minc-(Sgd.) B. R. CUESTA, Licensed Min171g Engi7leer. LABORATORlQ ARGUELLES, INC. Head Office: 900 Raon, Quiapo, Mar.ila-Bio_ logical Farm: 156 M. Naval, Navotas Rizal-Reoistered: March 6, 1936-Term: 50 years-Business: To pI'oduce, manufacture, buy, hold, use, sell, import, export, acquire and dispose or otherwise deal in biologic and analogous products, medicines, drugs, chemicals, and other medical, pharmaceutical and chemical pl'oducts-Naticmality: Filipin~a.pitat Stoc/,:.: Pesos 300,000.00 divided into 30,000 shares of the pal' value of Pesos 10.00 each-Subscribed and Paid-in Capital: Pesos 56,665.00-Pl'operties: Pesos 32,961.51-Dir6ctQ1路S: Dr. M. V. Arguelles, Dr. Augusto J. D. Cortes, Dr. Gumel'sindo Garcia, Dr. Manuel Quisumbing and DI'. Gervacio Santos Cuyugan-Agencies: Visayan Trading Co.-P. O. Box 58!), iloilo City; Dr. Emilio NepomucenO-Talisayan, 01'. Misamis; 01'. Perfecto Al'l'ibas-Pulupandan, Occ. Negl'os; Dr. Galicano MacatailgayNaga, Camarines Sur; Mrs. Araceli MontelibanOBacolod, Occ. Ncgos; Dr. Emilio S. JugO-Manila; Mr. Leopoldo M. Cruz-Manila; Mr. Faustino C. AI!Ii,路es8. Lah"H'i n Samodlo---Manila - Telegraph -Bank Reference: Philippine National Bank, Escoltn, 1\lanila. LACUB-ALAWA MINE CO., INC. Head Office: 631 Ave. Rizal, Manila-Registered: October 24, 1936-Term.: 50 ye.ars-Business: Mining rights and metalliferous land, and any interest therein; explore, work, exercise, develop mining property-Natio7lalit1J: Filipino-Capital Stock: Pesos 300,000.00 divided into 30,000,000 shares of the pal' value of Pesos 0.01 each-Subscribed Capital: Pesos 60,000.00-Capital Paid: Pesos 16,000.00 Inco rporators and Director8: William H. Pickell, Godofredo N. Favis, Buenaventura Nolasco, Fulgencio Consolacion, Mary Foster, Manuel Jaramillo, Fortunata Festejo, Benedicta Favis, Petrona Montero, Toribio Espiritu and Juana de la Cruz, (William H. Pickell, Godofredo N. Favis, Buenaventura Nolasco, Manuel Jaramillo and Toribio Espiritu, are directors only)-Treasurer: Buenaventura Nolasco, Vigan, IIocos Sur. LAM CHIONG & COMPANY Head Office: 449 Nueva St., ManiJa-RegiateT路 ed: March 4, 1935-Term: Five years {rom March 4, 1935-Bus1neas: Import and Export; General
267
PHILIPPINES Merchandise-Nationality: Chinese-Capital: Pesos 60,OOO.OO-Cal)ital contributed by each paJ-tlter .. Sce Chu (General partner) Pesos 15,000.00; Viccnc Go Quiolny. Pesos 15,000.00 j Lim All, Pesos 10 ,000.00; Lim Tiaw P ing, Pesos 10,000.00 (limited partncl's)Managers; See Chu.
LAM I TRADING CORPORATION, INC. Head Office: 723 Rizal Avenue, Manila-Registered: June 5, 1936-T6Nn: 50 years-Business: Merchants-Nationality: Fii ipinG-Capital Stock: Pesos 49,000.00 divided into 490 shares of the par value of Pesos 100.00 each-Sl,bscribed Capital: Pesos 15.200.00-Capital Paid: Pesos 4,300.00-/1ICOTporatoTs and Dil"Cctors: Lucio Lami, Manuel Romasanta-TreaStwer: Alfredo Abueg y Mendoza, 336 del Pilar, Manila. LANUZA-SURIGAO GOLD COMPANY Head Office: Iloilo, Iloilo-Registered: November 6, 1936-Term: 50 years-Bltsine88: Mining, Milling, Exploring, Concentrating, Converting, Smelting, Treating, Preparing for mal'ket, Manufacturin g, Buying , Selling, Exchanging\ and Otherwise producing and dealing in Gold, SilvelV Copper, Zinc, Brass, Iron, Steel, and all kinds of o\'es, Metals and Minerals, etc.-Nationality: Fil ipino-Capital Stock: Pesos 500,000.00 dividcd into 5,000,000 sharcs of the pal' value of P esos 0.10 each-S1tbscl-ibed Capital: Pesos 325,000.00-Capital Paid: Pesos 89,000.00Incorporators and Di"ectol's: Timoteo Con si ng, Cornelio Consing, Ramon '{usay, Enrique Yusay, Jose Cacho, Jesus Cacho, Mariano Cacho, J ose Soriano, Florentino Falcon, Jose Sincangco, Augusto Loesin, Jose Locsin Jesus S. Rodriguez and Carlos Hilado, (Manuel Consing, Cornelio Consing, J esus Cacho, Mariano Cacho, Florentino Falcon, Jose Sincangco, Augusto Locsin, Jose Locsin, are iucorpor3tors only) -T"ea8Ij-rer: Carlo$ Hil ado, Baeolod, Negl'os, Occidental. LAUR GOLD MINI NG CO., INC. Head Office: Room 607 Cu Unjieng Bldg ., Manila-Registered: October 10, 1936-Tenn: 50 yearsBU8ine8s: Mines and Mineral Claims-Nationality: Filipino-Ca7,ital Stock: Pesos 4,20.00 divided into 42,000 shal'es of the pal' value of Pesos 0.10 each.Sub8cribed Capital: Pesos 4,200.00-Capital Paid: Pesos 1 ,050.0 0-h~coJ·poJ·ators and Directors; Ra y U. Moore, Godofrcdo A. Montinola, D. L. Brodt, Juan SuerteF elipe, Jose G. Cantara, Tan Kim Hiong and
Yu Siu T ek. (Jose G. Cantara, T un Kim Hiong, are incorporators only) -Treasul'el': Tan Kim tIiong, Manila, P. I. L A YOG GO LA MINRS, INC. H ead O//ico: Cebu, Cebu-Permit to Scll, 7,000,000 Shares Granted: Septembcr 6, 1937-Allt/wl-ized Capital: Hesos 1,500,000.00-Pal· Vallie 0/ Shul·es. Pesos 0.10-S!tbscl'ibed Cctpitlll: Pesos 300,000.00Pa id-in Capital: P esos 75,000.00-Di1'ectol's and [nCOI'7JoratOl's: Lorenzo Escafio, President; J ose L. Fernandez, Vice-President; Eduardo Gonzales, Treasurer; Agusti n Duran , Secretar.y j Dionisio Aberast uri, Director. CO MMENTS OF THE BUREAU OF MINE S
"Santos Muirillo, in his report on t he 71 full lode claims of the Layog Gold Mi nes, Inc., located in the sitios of Magupas and Layug, barrio of Pandan, municipality of Sogod, province of Leyte, states t hat abundant qual·tz floats are found in the property indicating the prcsence of veins, and from 3 to 7 feet wide were encountered. He states also that .t~ere arc indications of minel:alization. C?nsidel'!I1J the report of Santos Mut'lllo, a valuatIOn of P esos 75.00 per claim or a total of Pesos 3,750.00 for t he 50 claims of the Layog Gold i\"fines, Inc., may be given consideration. Before pc>.rmitting the actual payment of the above mentioned amount and accepting the above claims as assets of the Layog Gold Mines, Tnc., it is r ecommen dcd that the owners of the claims be required to present documents on which their titles on the claims a re based, the survey plan of t he claims, a nd affidavits to the effect that the same are f r ee from conflicts and are not within any government reserve, and t hat by the I)Ul'ehase of said claims, the purchaser will not hold more than 450 hectal'es (50 full claims) in anyone province, 01' not more tha n 250 claims in ail the provinces in the Philippines, and also that at least 60 '7'0 of the capital of the herein corporation is owned and shall at all t imes be oWllcd by cit izens of the Philippines 01' of the United States. It should be u nder stood that the herei n corporation is entitled to lease only three claims, lode or placer, on the sa me lode or placer ground, as provided by Section 37 of the Mining Act, and t hat the holder of the claims is not entitled to extract mincrals from the claims for commercial purposes unleases shall have been granted .
268
THE COMMERCIAL & INDUSTRIAL MANUAL
Location-The property of the Layog Gold Min_ ing Company covers the sitio of Magupas and Layog, barrio Pand:m, municipality of Sagod, Lcytc. It is approximately seven kilometers from t he town of Saged following a tl'ai l along t he course of Pandan River, It is bounded on the sou th by t he Royal Mining Co. of Sagod. The ground covered consists of 71 f ull lode claims properI,y st.'lked, duly recorded and registered. A little portion of the claims is on private lands but surface rights have been paid for and the title to the claims arc clear and fre~ from and a dverse claims of prior rights. Geology-Rock formations consists mainly of a ndesite and andesite porphyry. To t he west at a distance of abou t 3 kilometers diorite, formation is exposed, but rela!;ionship between twc" formations has not been determined for the present The andesite exposul'e both on the surface and also in places where tunne.,ls have been driven showed leaching and alteration. Ip the sonthern portion of the grou nd a few slides have taken and the ground is loose with evidences of ste~ faulting. Topography-The region 1S very steep, rising at about three thousand feet above sea level. Tunneling is very feasibly ideal for exploration work. The elevation gives sufficient back for numerous levels . The territory is tl'aversed by the Layog River and its tributaries, disecting and mountain sides and producing deep canyons ravinee, and steep hillsides. Mineralization-Mineralization in t his ground is probably the most extensive, t here is, in the southern islands. In a big! slide up in the northern portion of the ground, quar tz floats ore in abundance showing evidence of veins broken up from above. The quartz floats ore heavily mineralized with different sulfides of copper, lead and zinc and their abundance is sure sign of big size veins. On the southern portion of the g round stands a cliff of 50 feet of bank at the foot of which boulders of quartz are lying on the camote patches. The presence of quartz found shows that the cliff is the wall of the vein from where t hey broke off. On the cent ral portion of the g r ound running on a strike of N40W some quartz floats are scattered all over. The abundance of the quartz in the ground covered by these claims gives assurances of zome veins system that could be found within the ground. I n an extension of about two k ilometers from the creek to t he sliae mentioned above which is on t he northern
portion of the ground, the same mineralization is f ound to be frue and the only conclus ion is that mineralization is verly strong and no doubt that t he g round is one of the most valuable that could be found in the South. At the present writing f ifteen tunnels have been driven and in most of them veins of from 3 to 7 feet wide have been cut and drifted in. Samples taken from floats outcrops and veins cut in the tunnels, showed values from P4 .00 to P35.00 but I am not giving this assay report very much importance until your own a ssaying equipment arrives for a more reliable assay return. The fact is, r am expecting to find better values in your rocks than what is fiven here. The immensi ty of mineralization in this ground is enough for drawing conclusion that your prospect is exceptionally t he best for making a mine. Water Supply-There is enoug h water for a ll purposes, and I am sure you would have no problem to bother with. Timbe1' S U1)plll-The greater portion of your claims all in thick forest a nd public land for mine needs you will have enoug h on the neig hborhood for a period of at least five years. Tra.nsportation-The property is about seven kilometers from the town of Sogod. For the present, a trail following the course of Pandan river is the only way to reach the property. Toad for trucks and automobile has already been started. The town of Soged is reached from Malitbog, a port of call, by the provincial road at a distance of 28 kilometers. Boats also call ports of Sogod and more frequently when the wharf is open for use. Both sea and land transportation makes transportation cost cheap. Conclusion,- This property is one of the most va luable property in the South and chances for making a mine out of it is very bright. The future of this property as could be foreseen based from surface exposures and all other indications, points toward to a real mine. Based on that assumption, it will have a complex su lfide ore of copper, lea d and zinc as associates or gangue metals, which m a,y probably be an a dded source of marketable product. Considering different conditions in the south, mining a nd milling cost per ton could be guessed at between P7 and PS. R econlm en.dationB-Proper, thorough nnd extens ive exploration is recommended.- (Sgd.) SANTOS C. MURILLO, Licensed Mining Engineer.
269
PHILIPPINES F. Z. LEDDA COMPANY, I NC. Head Office: 331-333 Carriedo, Manila, P. 1.Branck: Iloilo, P. I.-Nationality: Filipino-Busine88 : Firearms and Ammunition; Sporting Goods Principals: Felix Z. Ledda and M. C. VillanuevaAuthonud Capital: Pesos 75,OOO.OO-Paid.-in Capital: Pesos 24,480.00-Par Value of Shares: Pesos IOO.DO-Agents for: P. Goldsmith Sons, Inc" Cincinnati, Ohio-Telegraph Address: Ledda-Bank Reference.- Philippine National Bank. This store was organized under the initiative of its Manager, Felix Z. Ledda, on August 1, 1931, with a eapitai of P2,OOO.OO. At first, the business concentrated in dealing in firearms and amunition with athletic equipment as a sideline. L ater, athletic supplies became popular and the demand jumped to an unprecedented scale. It became therefore necessary to seek new sources oi athletic supplies which were reliably acceptable to tHe customers, and to increase the stock of these supplies. To meet t his exigency) the store was incorpol'ated under the laws of th~ Philippine I slands on December 31, 1931, with an authorized capital of P50,000, P9,300.00 of which was paid up. The incorporators who constituted the first Board of Dir-
eetors were: F. Z. Ledda, Mrs. F. Z. Ledda, Francisco L imjap, Mrs. F. Limjap and Eugenio Mapili. T he term of the Corporation is 50 years. The scope of t he business has been increased now to deal also in general merchandise and general bu siness including loans, leases, surety, etc. At the end of t he first year of its corporate existence, a net profit of Pl,240.73 was realized. Together with the sale of stocks amounting to P3,000.00, the corporation increased again its operating capital, enabling the management to increase its stock. The worth of the business after the firs t year was PI3,540.73. At the second year of corporate existence, or on December 31, 1933, Pl,618.98 was realized as the net profit, a nd the worth of the business became P15,159.71. It was not until the middle part of the year 1932 that the Corporation has obtained the representation and exclusive agency of the P. Goldsmith Sons, I nc., of Cincinnati, Ohio. From t his t ime, the Corporation increased the sales of Athletic goods. With this connection, the business in athletic equipment has remarkably increased. This store is now handling the products of the P . Goldsmith Son, Inc., in this country at an average of P2,500.00 a month.
F. Z. LEDDA CO., INC. Statement of Conditions, December 31, 1936 ASSETS
Cash:
On Hand and in Bank .. Cashier ..... ..... .. . Accounts Receivable .. Bills Rcccivab\c. ............. . MctChaodise per Invenwry.. . Fumiture and Fixtures .... . . Factory Equipments ..
LIABILITIES 'P
Paid Up Capital:
393.86 100.00 !r'
493.86 15,141.91 1,125.76 14,3}6.38
2,724.63 995.34
---
?21,600.oo 2,880.00 '1'"24,480.00 8,601.47 441.92 1,294.49
Common . ..... . Prderred. Accounts Payable .. . Bills Payable. Surplus-For the Year, 1936
3,719.97 1>34,817.88
1'34,817.88
Ctrrifted Cormf, R. L. LOPEZ, Srtrtrary ~"J AudilDr.
AptrDvrd:
FELiX Z. LEODA, P,u.-M4"at.".
F. Z. LEODA COMPANY, INC. DEALERS IN FIREARMS--AMMUNITION- ATHLETIC EQUIPMENT MANUFACTURERS OF HOME-MADE ATHLETIC GOODS EXCLUSIVE AGENTS FOR
THE P. GOLDSMITH SONS, INC., CINCINNATI, OHIO, U. S. A. PHONE 2-.13-66- 331-333 CARRIEDO-MANILA, P. 1.
P. O. BOX 236 6
270
THE COMMERCiAL
&
Anoth.er improvement has been added recently in our athletic goods. This store has subsidized I'leal lllunufacturCl'S of home-made Volley Balls, Basket Balls, Seccel' Ball s, Tennis Nets and other minor items. The cost of labor is appreciably lower here than in the United States while the transportation is practically climil!at(!rI, g:nng the corporation bigger margi ns than those wh ich arc imported from abroad. Manufactu r ing these goods in this country has proven to pc effective of sal utary results. Besides the bigger profits that could be made out of t hese goods, it has provided work to some peopl e and encouraged local talents to make and use native products. These goods can be compa r ed with any of the imported goods in quality a nd usefulness.
E. B. LEDESMA AND COMPANY Head Office: Manila, Philippines~Regi8t~n'ed: Januarr 27, 1937- Tel'1IL' 50 years-Bu8iness: Brokerage-Natiolwlittl: Filipino-Capital Stock: Pesos 500,000.00 divided into 5,000 shares of the par value of Pesos 100.00 each-Subscribed Capital: Pesos lOO,OOO.OO-Ca.pital Paid: Pesos 25,000.00incoJ'poJ'atoJ's: Aurelio Mont.\,nola, Enrique B. Le~ desma, Juliana Javellana, IHa\ia Montinola de Le~ desma, Pedro M. Dominguez and Cesar D. Alvarez. P. LEDESMA & COM PANY Head Office: Manila, P. I.-ReuisteJ'ed: May 5, 1936-Term: Five year s, from April 30 , 1936-Busi-n ess: Brokerage-Nationality,' FilipinO-Ca.pital: Pesos 50,000.00-Cal,ital cOJltributed by each partncr: Pac.ifico Ledesma, Pesos 30,000.00; Fulgencio Borl'omeo, Pesos iO,OOO.OO. LED ESMA, PANTOJA & LIl\fUAl..;0 INC. Head Office: Room No. 203 Brias Roxus Bldg., Escolta, l\Ianila- Reyistc)'ed: January 13, 1936Term: 50 years- Business: Construction Engineers fol' Public Works, Raill'oads; General Cont ractorsNationality: Filipino-Capital Stock: Pesos 45,000.00 divided into 450 shares of t he pal' value of Pesos 100.00 each- Subscribed Ca.pital: Pesos 9,000.00Capital Paid: Pesos 7,200.00-1IIco)·pol'ato)·s and Directors: Conrado J. Ledesma , Valeriano Pantoja, Serafin Limuaco, Rafael Le desma and Edgardo Ledesma-Treaslu'C)': Conrado J. Ledesma, 417 Col ora~ do, Manila, P. 1. LEE GIOK N I AND CHUA SAN Head Office: 727 Ttsbajo St., Maniia-ReD~ isteJ'cd: January ]3, Hl$7- BltsiJress: Merchandising
INDUSTRIAL MANUAL -Nationality: Chinese-Capitftl: Pesos 2,583.04Capital cont ributed by each parhter: Lee Giok Ni, Pesos 1,291.07; Chua San, Pellos 1,291.97-Manager: Lee Giok N i. LEE KIM CO HUA & COMPANY Head Officc; 224-226 Santo Cristo, ManilaRegistered: January 13, 1937-TeMlI: Three yeaTS, beginning January 1, 193'7-Bu81neS8: Merchandising -Nation.alit,y : Chinese-Capital.: P esos 30,000.00Capital cOJltribllted btl each pa,·tnel·: Pesos 3,000.00 each of ten partners-Manager: Que Cui. LEE QUING & CO. Head Office: 733~735 Da rt, Paco, ManiJa-Re~ gistel'ed: Mareh 29, J9 35-TeMlI; Five years, begin~ ning March 28, 1985-BII8i"8S8: Bakery, Groceries and general merchandise-Ca1,ital: Pesos 15,000.00Capital contributed btl each pal'ttu\)': Lee Quin, Pesos 5,000.00; Ng Yuen P esos 5,000,00; Lam Ho Pesos 5,000.00. L EE SIONG & LIM KONG Head Office: No. 2427 Rizal Ave., Manila-Re· gistered: June 6, 1936-Tenn: Five years, beginning June 4, 1936-Nat'iOJraiit,y : Chinese--Ca1)ital: Pesos lO,OOO.OO-Capital c01l tribllted by each partller; Lee Siong, Pesos 6,000.00; Lim Kong, Pesos 5,000.00Managel': Lee Siong. VICENTE L. LEGARDA Head Of.'ice; 1656 Azcar'raga, Manila-NaHoll«lity: Filipino-ElabUshed: 1935- Bll81116ss: Promoter; Agent for Mining Compa nies-Balik Refel'eIlCt': Philippine National Bank. The Hon. Vicente L. Legal'da was the fi r st Filipino Navnl Architect and the first of hi s race to teach Ci vil Engineering and Naval Architecture in an American College in the United States. <rEI Debate" ca ll s him "an Illustrious Filipino" and his friends "a real lender." Unable to receive funds from his parents in the Ph il ippines while in Glasgow as a s tudent, during the Ph ilippine Revolution, he taught Spanish to Irish, Scotch and English young men and young women; thus he was able to pave hi s own way through coll ege. While he practiced his profession in San Fran~ cisco, California, from 1900 to 1909, his meritorious work through his untiring industry caught the attention of the then Governor-General of the Phil ippine Isla nds, the Hon. William Cameron Forbes, who advised him to work in the Philippines instead
PHILIPPINES of abroad, even nt a great sacrifice to his earning power. In the State. of California, United States of America, it was industrious Mr. Legardn who drew most of the construction plans of the sister-cl'uisers "California" and " South Dakota" at the Dflion Iron Works Shipbuilding Yard at San Francisco. He also drew and designed the plans for the Ol'pheum Theatre, the most modern then in the City of the Golden Gate, and the plans of the Emporium Build~ ing, the largest Department Store in the whole Pacific Coast. Returning to the Philippines in 1909, in accordance with GovernOI' Forbes' suggestions and recommendations, he joined the Bureau of Public Work in Manila working as Architect, Civil Engineer, Chief Estimator, Chief Structural Engineer, Editor-inChief of the Bureau of Public Works Bulletin, Superintendent of Construction and holding many other positions of importance and responsibility. It was again Mr. Legal'da, the popular consulting architect, who designed the foundation r.lans of the Philippine Legislati ve Building as well as those of the Post Office Building, the two outstanding architectural achievements of the InsulaI' Goverment in the City of Manila. As a leader and builder of Philippine commerce and industry, Mr. Legardn was one of the organizers of the twenty-million-peso mutual building and loan association, La Previsora Filipina. It was he who, as Manager and Consulting Architect of said organization, made this firm one of the biggest of its kind in the Philippines. Born on December 13, 1874, in Manila, Mr. Legarda is the eldest son of Don Miguel Legarda y Tuason and Dona Genoveva Flores y Zamora. He began his early studies in Manila up to the year 1887 when he left for Europe residing in Spain, England, Scotland, Ireland, France, Germany, Italy, Belgium, Switzerland and many other countries of the Old World during 1888-1900, and finishing his course of Architecture in 1893, that of Civil Engineering in 1898 and that of Naval Architecture in 1900. From Europe Mr. Legarda went to the United States of America and stayed in San Francisco, California, where he practiced the various phases of Engineering in the Union Iron Works Shipbuilding Yard 1900-1906; with Messrs. Landsburg and Joseph, Architects and Engineers, 1906-1908; and with Messrs. D. H. Burham and Co., Architects and Engineers, 1908-1909.
271
While he was with the Bureau of Public Works as Architect and Civil Engineer he also held the position of the Chairman of the Appraisement Committee of the Postal Savings Bank Board and Chairman of the Appraisement Committee of the Teacher's Pension and Investment Board. As Professor of Architecture & Civil Engineering at the University of Santo Tomas, Mr. Legarda initiated and organized the course in Building Constl'uction and Civil Architecture as part of the Civil Engineering curriculum in the University. Mr. Lega rda is the Founder and Director of the Commonwealth Institute, Inc., (Commonwealth University), the most modern and up-to-date private educational institution in the Philippine Islands today, as its name indicates, where practical vocational courscs are tau~ht with a view to training young men and young' women of this country for thc future events that are abo ut to take place in the economic life of this nation. l\Ir. Le~ garda'S long and varied expeJ'ience as an educator both in Europe, in America and hcre in the Philippine Islands places him far above the level of the best in this line of thought and action. T hrift has characterized t he whole life of Don Vicente which reads like romance of business. Mr. Legarda is a man who practices what he says and writes. His slogan has always been: 'lSave and do not waste." On being a sked for the secret of his succe!;s and achievement, he sai d: "What shall I say: Look up my record, my own life. I have practiced thrift, and now I preach it. One should keep his eyes wid~ open all the time. Know the world. Avoid bad company. Associate with men of good reputation. Work during the day and study at night, or vice-versa, as I did when I was in Europe. Then, after having worked hard and saved much, travel if you can so as to complete your life's education. For one year of travel is worth more than ten years of book reading." 1\1r. Legarda is an active member of the Institute of Architects and Engineers. He belongs to the Manila CounciJ No. 1000 of the Knights of Columbus, . and is also an active member of the Chamber of Commerce of the Philippine Islands and also a member of the "Asociaci6n de Propietarios de Manila" (an association of Manila property owners). A great traveller and a keen observer of things, Mr. Legarda has circled the globe eight times and has lived abroad for more than thirty-two years.
272
THE COMMERCIAL & INDUSTRIAL MANUAL
In 1917 he married Dona Clara Tanbunting, eldest daughter of Don Ildefonso Tanbunting, prominent Manila merchant. Mr. Legarda resides at his mansion, simple but artistic. on Calle Maytubig, Pasay, Rizal , facing the picturesque Manila Bay, the scene of nature's beauties and witness of many a critical event in the annals of Philippine history. Mr. Legarda was for nearly three years the Vice-Consul and the Acting Consul-General for the Republic of Nicaragua in Manila. The honour first came in 1932 when Don Vicente was called upon to represent with glory to himself and with pride to his country the Central American Republic of Nicaragua in Manila as Acting Consul-General-a unique distinction not given to every Filipino. On August 10, 1£133, Mr. Legarda received a very pleasant surprise when the Hon. Trinidad E. Lacayo, Consul·General for Nicaragua in M"anila, Hongkong and Canton, called on Mr. Legarda at the latter's home in Pasay unannounced and delivered into his hands a letter signed by the Hon. Leona\do Argiiello, Minister of Foreign Relations of the Republic of Nicaragua, ad· vising Mr. Legarda of his ap,?ointment by the Pres· ident of Nicaragua as Vice·Co'nsul for Nicaragua in Manila. On April 13th, 1934, Mr. Legarda received from the Legation of Nicaragua at Washington, D. C., his "Exequatur" signed by the President of the United States, Hon. Franklin D. Roosevelt, as of February 5th, 1934. Mr. Legarda is really a man of the world, erudite in all he does. As a 'Triter, who can excel the vigorous sweep of thought, t he simple style and the Kipling.like contracts delicately and subtly dis· !played in his philosophic essay entitled EE Lujo illata (Luxury Kills). Did not many a writer in the Island pronounce it "unexcelled", "unsurpassed". But one should not wonder so much at this. Be· cause way baek in 1904 to 1909 Mr. Legarda edited the first Filipino Magazine in Berkeley, California, .called "The Philippine Review", both in English and in Spanish. Such is the l'esult of hi s untiring industry, his sterling character, his rugged honesty, which like the Rock of Gibraltar, formidably withstands all rains and storms, the most stupendous inclemencies of the weather.
Immaculately dressed, sparing of words, and with a keen perception or mind, Mr. Legarda stands as the supreme example of industry, the fountain of all progress and prosperity. LEI A. LIM & COMPANY
Head Office: 139·143 Bustillos St., Sampaloc, Manila-Registered: August 26, 1935-Term: Five years from July, 1935-Business: Manufacturing Bakers' Products, etc.-Nationality: Chinese-Capital: P esos 12,000.00-Capitat contributed by eaok partner: Lei A. Lim, Pesos 4,000.00; Lee Ah Ni, Pesos 4,000.00; Chang Lim Pang, Pesos 4,000.00Manager: Lei A. Lim. LEI LEE & WONG COMPANY Head Office: 509 San Andres, Malate, ManilaRegistered: March 30, 1936-Term: Three years from April 1, 1936-Business: Grocery and Bakery Store -Natitmality: Chinese-Capital: Pesos 9,000.00Capital contff-ibuted by each 1}artller: Lei A. Lim Pesos 3,000.00; Lee Fu , Pesos 3,000.00; Wong Goon, Pesos 3,000.00-Mana.ger: Lei A. Lim. LEONG AH WRA Y & COMPANY Head Office: No. 105"3-55 Magdalena St., Manila -Regisfered: August 9, 1935-Ter?lt: Five years u'cm .!ulS 1, 1934-B1(siness: Grocery and Bakery StlJre-Capital: Pesos 22,000.00-Capital cOlltrib!tted by each partner: Leong Ah Whay, Pesos 4,000.00; Tan Foon, Pesos 3,000.00; Yee Kang, Pesos 3,000.00; Yu Yong, Pesos 3,000.00; Tan Cho, Pesos 3,000.00; Lam Chun Pesos 3,000.00; Tam Pat. Tong Pesos 3,000.00-Manager: Leong Ah Whay. LEONG WONG & LEI FOK Head Office: 414 T. Pinpin, Manila-Nation... (liity: Chinese-B1(siness: Wine Merchant.s-Estab· lished: September 10, 1937--Capital: Pesos 32,900.00 j contributed by two partners, Leong Wong, Pesos 16,450.00; Lei Fok, Pesos 16,450.00. LEPANTO CONSOLIDATED MINING CO., INC. Head Ol/ice: 97 Cri stobal, Manila-Bu ~i1t~ss: Mining-Principals: Clyde DeWitt, Pre~i dent, Gf'orge Scholey, Vice·President; T. W. Farnell, R. Marino, V. Lednicky , Juan Nabong, Directors-Al(thorized and Fully Subscribed. Capital: Pesos 1,750,000.00-Par Value of ShaTes: Pesos 0.10Bank Reference: Hongkong & Shanghai Banking Corporation.
PHILIPPINES Construction work at Lepanto preparatory to the erection of the mill has advanced rapidly during
the past two months, according to reports recently issued by officials of Nielson and Company, Inc., managers of the property. A large bodega and office buildings have been completed. Quarters have been erected to take care of the skilled laborers who are now working on the property and an assay laboratory and staff quarters are under construction and will be completed shortly,
At the present time, no development work is being carried on as there is cnough orc in sight to keep the mill in operation for some time after it has been erected. Experimental work on this ore has shown that it is readily amendable to the flotation process and therefore a mill of this type has been ordered from the United States through local suppliers of mill equip.ment by Nielson and Company, Inc. The ore which is brought from the mine will be dumped directly over a three inch grizzly into a 24" x 36" Allis-Chalmers jaw crusher which will reduce the rock to a maximum three inch size. After being crushed, the ore will be deliveJ;ed onto a sorting belt where laborers will sort out the waste or nonmineral bearing rock. The co,\veyor will then deliver the ore bearing rock to a %" Allis-Chalmers vibrating screen. The undersize or material which passes through the screen will be delivered to a 1000 ton mill ore bin. The oversize material will be fed to a 4 foot Simmons cone crusher which will reduce the ore to a minus %" mesh. This crushed material will likewise be delivered into the 1000 ton ore bin. Material will be taken from the ore bin and fed to the fine grinding and flotation circuits. These circuits consist of two identical units. Here, the proper reagents are added which separates the commercial minerals from the waste rock. Each unit consists of an 86 Marcy Ball mill in closed circuit with a rake type classifier. The overflow from this classifier is sent directly to the flotation machines in which the actual process of the concentration of the minerals is carried out. From the flotation cells, the concentrate will be filtered. dried and sacked for shipment. The rejects from these cells will be discharged as waste. The concentrates will be hauled to San Fernando, La Union, where it will be shipped by steamer to the smelters. If normal conditions prevail, the mill should be in operation by late spring of next year. Power for operations will be furni shed by three 420
273
h.p. Diesels and General Electric generators. The property will be independent of any outside power supply. The Allis-Chalmers jaw crusher will be the largest of its type in the Islands. The ball mills are the same size as those used at Masbate Consolidated. The above mill will be able to treat between three and four hundred tons of ore per day. The board of directors of Lepanto consists of C. A. DeWitt, head of the Law firm of DeWitt, Perkins and Enrile, who is president; George T. Scholey, head of the engineering department of Nielson and Company, Inc., who is vice-president; V. E. Lednicky, mining engineer; V. H. Masefield, managing officer of Warner Barnes and Company, Ltd.; and Rafael Moreno, vice-president of the Bank of the Phili;>pine Islands. S. E. LEVY & COMPANY Manila Office; Filipinns Bldg.-Other Offices: Shanghai, Hong Kong, and Singapore-Registered: In Manila October 1, 1936; general partnershipBusiness: Brokerage-Partners: Robert Buchan, Donald A. Cook, Lambert Dunbar, Victor D. Gensburger, Josaph HoUzer, A. N. W ells-Henderson-
S. E. LEVY & CO . Mwita
Honglr.:ong
Members:
NEW YORK COTION EXCHANGE COMMODITY EXCHANGE, INC., N. Y. CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCH., INC. MANILA STOCK EXCHANGE
C()rresp()ndents jor:
WHITE, WELD & CO., NEW YORK
THE COMMERCIAL & INDUSTRIAL MANUAL
274
Ma1wgillg partnef- in Ma1tua: Donald A. Cook7'elegraph Address.. SELCO Codes: Peterson's, Bentley's, and private-Me:mbeJ'8 of the following ex changes: Manila Stock Exchllllge; New York Coffee :.m d Sugar Exchange, Inc.; Shanghai Stock Exchange; New York Cotton Exchange; Chicago Board of Trade; Canadian Commodity Exchange, Inc.; Commodity Exchange, Inc., New York; Hong Kong Shal'cbrokcrs Association; - CO)'l'6spondents 10J': White, Weld & Co., New York- Bank Reference: Chartered Bank of India, Aus lralia and China.
LEVY & BLUM, INC. Head Office: 35 Plaza Santa Cruz, ManilaFilipino-Business: Wholesale Diamonds, Watches. Drugs, Pel'fumes, sm'gicai Instruments- Established.: 1911-Resel'v e and Capital : Pesos I ,OOO,OOO.OO-Telegrapk: " MajuvY"-Bank R efe l"ellce : Hongkong & Shanghai Banking Corpora~ tion.
Nutiollltlity:
LEVY HERMAN OS, INC. Hea d Of lice: 4G~50, Esc ~ltn Manila, P. L-Busi~ 11eS8: Jewelry, Watches, Svverware, Perfumery, Phal'maceutical Products, Pianos, Automobiles, Trucks, Accessories and Purts, etc.-Established: 1870- A tttho)'iz ed Capital: Pei os 3,000,000.00-Par Valu e of Shar es: Pesos 100.00-Telegraph: "Evely" - Codes Used : All Regular Codes-Bl路a1U::1t. Office: Bacolod- BU1!k Reference: National City Bank of New York; Bank of Philippine I slands. LEVY & COLE, INC. Head Office: 123 Crystal Arcade, Escolta, Manila-Registej'ed: April 21 , 193G-Tenn: 50 years - Business: General Brokerage; Stock and Bond Broker s ; Investment security brokers, Real estate brokers, Shipping brokers, Exchange brokers, Mer~ chandise broke rs-Nationality: Americnn-Capital Stock: P esos 25,000.00 divided into 250 shares of
the par value of Pesos 100.00 each-Subscribed and Paid Capital: Pesos 10,000.00-/ncorpol路ators and Directors: Jacob Levy, Fermin Aquino, Jose Man~ zano, Cun Oh and Felix Aquino-Trea&ltrel': Jacob Levy, 31 San Lui s, Pasny, Rizal. LEY LIM AND COMPANY Head Office: 2 Orozco, Quiapo, Manila-Registered: July 10, 1936--Ten1t: Five years, from Ju1y 7, 1936--Business: Grocery & General McrchantsNationality: Chinese---Capital cOJltribllted by each pwrtner: Ley Lim, Pesos 3,620.00; Ng Ah Kan, Pesos 3,620.00-Malzager: Ley Lim. LI CHIONG & SON COM PANY Head Office: 1051~53 Nana St., MuniJa-Regi8tered: July 12, 1935-Term: Five yeal'S fl'om and after J uly 15, 1935-Busilless: Furniture DealersNationality.' Chinese---Cal,iiai: Pesos 12,000.00Capital contributed by each lJartner: Li Chiong: Pesos 9,000.00; Li Kun Sua, Pesos 3,OOO.00-Manage1'.' Li Chiong. LI HO AND COMPANY Head Office: 371-375 T. Pinpin, Manila-Regist,(lI'ed: August 25, 1936-Term: Four years, from July 1, 1935-B1($i1tess: Furniture-Nationality: Chinese-Capital: Pesos 13,OOO.00-Capital con-tributed by each pal'hleJ': Yu See, Pesos 5,000.00,
Lim Kim Chuan, Pesos 5,000.00, Li Ho, Pesos 3,000.OO-Maltager: Li Bo. LI S IA AND COM PANY Head Office: 38 Barraca, Manila-Registered: December 2, 1936-Term: Three years beginning August 21, 1935-Busi'N,e ss: Lumber, MerchantsNationality: Chinese-Capit.al: Pesos 9,000.06Capital conM'ibuted by each partner: Li Si:l, Pesos 3,000.00; China It. Pesos 3,000.00; Yu Tam, Pesos 3,OOO.00-Ma1wger: Li Sia.
LEVY HERMANOS , INC LA ESTRELLA DEL NORTE
ESTRELLA AUTO PALACE
46-50 Escolta MANILA, P. I. Jewelr y, Gold and Silverware, Watches, Cloc~, Pianos, Silver Plated, Porcelain, Glan, L:athc:r and Filno' Wares, Perfumery and Pharmaceutical Products ..
536-568 Gandara. MANILA, P. 1. PACKARD, HUDSON and TERRAPLANE. DODGE Cars and Trucks. WLLLARD Storage Batteries . . Automobile Parts an.d Acccsones
PHTLlPPINES LI TEH & COMPANY, INCORPORATED Head Office: 'JJ9 AZCRrraga, Tondo. ManilaReaistered: October 5, 1937-Nationality; Chinese _.8118in688; Hemp, Copra, Sugar, Tobacco Merchants-Capital Stock: P68,OOO.OO divided into 68 shares of the par value of Pl,OOO.OO each-Subscribed and Paid,..ilt Capital: P68,OOO.OO-lnco)'pOl'otol'S: Li Teh, Li Tam, Li Ek, Gregorio Dy Tam, Lee Hong Hok and Li Chuy Koan.
LIBBY, McNEILL & LIBBY (PH ILIPPINES), INC. Head Office: 25 Santa Cr uz Bridge, ManilaBusinells: Provision Importers. LIGGETT & MYERS TOBACCO CO., IN C., PHILIPPINE BRANCH Manila Office: Cor. Estero Cegado & Ronqu il!o,
LIGGETT
&
275
Manila, P. I. - Telegraph: "Ligmytoco" _ Used : Private-Manaue ,,: R. S. Rogers.
Codes
LI EBMAN & CUMM ING H ead Office: 617 Wells Fargo Bui ~jing, San Francisco--B"u1Ich Office: 510 Chaco Building, Manila, P. I.-Nationality: American-Business: Manufacturers Representatives-Established: 1929 -Private Partnership between Lloyd H . Liebman, San Francisco and Clarence W. Cumming, ManilaCapital: $45,000.00 Paid-in- A n1l.ual T,u·,wve,·: $l,OOO,OOO.OO-Age:ncies: Armour Leather Company ; Ohio Leather Company; Gutmann & Company; Mcdoo & All en Welting Company; Allied Kid Company; Mitchell & Pierson; Bissell Leather Company, etc.-Telegraph A ddreBs: Li ebmancum-Bullk R eference: Wells Fargo Bank; Union Trust Compa!ly, San F rancisco.
MYERS TOBACCO CO, INC
Consolidated Balance Sh eet December 31, 1936 ASSETS Curren! AssetS: Unired Statts Government Boods.... $17,)S9,538.05 Prdcrred Stocks. ),ISS,31O.00 *(M;UKer Value Decem\ ber )1, 1936-$23,219,593.75). ..
2Q,S4",S48.05·
Cash .. 7,356~951.07 Accounts RC<"civablc, Cus· tomers, nct.. 9,604,2)5.61 Aecoun!s Receivable, O[hers.. 662,558.78 Ioterest ilnd Dividends Re· ceivable.. 171,892.8) Leaf Tob;occo, Manuf:lCOIred Srock ;lnd Operating Sup. plies, at COSI.. 121,200,716.49$159,544,202.83 Other Assets: Re;od Estate, M~chinery aod Fixturcs.. 27, 262,S)).24 Deduct Reserve fOf Depreciatioo ........ $116,4O),5}3.98 Less property fully depreciued aod charged off during year.. 44S,458.20 15,955,055.78 Brands,
1,11951 .... '
9,779,600.00 12,S86,6OO.OO
22,666,200.00
C;lpital Sro<:k: Preferred 7% Cumulacil'e-Par Value... .. .. .. .. .. .. ..... $ 100.00 Authorized )41,398 Shue5 .. Issued 225,141 Shue5 ..... . 22,514,100.00 10 Treasury 16,400 Sh;lres. 1,640,000.00 20,874,100.00
Common P;lr Value $25.00 Authoritcd 859,856 Sh;lfCS Issued 859,856 Shues ...... . 21,496,400.00 Commoo B-P;lr Value $25.00 Authorized ),140,144 Shues Issued 2,2n,083 Shares .. S6,917,07HX) 99,297,575.00
1936.
1.00 439,005.00 4,476,164.08 48,668.64 16),015.83
1, 1944 ..
5% Bonds, maturing August
~i~ RS~~~~:·· ~~~~;. ·31~
11,307,777.46
Tude-M;lrks ;lod Good Will. StO(:k in Subsidiary Co .. Sccuriries..... . Accounts Receivable-Allied Companies ...... . DefeiTed Chargcs ...
LIABILITIES Current Lbbiliries: Accrued Imerest 00 7% and 5% Bood~ ..... . . . ..... . ..... .. $ 439,61).82 Dividenils on Preferred Stock, p;lyable J;I.Iluuy 1, 1937.. . . 365,296.75 Accounts Payable 1,807,626.80 Bills Pay~ble 2,500,00).00 Accrued T;oxcs .. 5,136,464.89 SI0,249,002.26 Funded Debt: 7% Bonds, m;lOlring October
16,4)4,632.01 $175,978,9)4.84
2,715,434.46 41,OSO,62).12
BEN CARROLL, T,..nllm. ST. LOUIS, MO. JANUARY 15, 19)7. HASKINS « SELLS C,,#fi,d PII6/i, .kwmr,,'!fJ. $175,978.834.92
276
THE COMMERCIAL
&
LIM BONG AND COMPANY Head Office: 614 Taborn, Man il a-Registered: October 14, 1936-Term.: Four years, from October 1, l03S-Business.- General Merchants-Natio1!ality.Chinese-Capital: Pesos 14,OOO.OO-Capital contributed by each partner,' Lim Dong, Pesos 2,000.00; Chan 0., Pesos 4,000.00; Dy Tee Say, Pesos 4,000.00; Yee On, Pesos 4,OOO.OO-il1analler: Lim Bong. LIM CHIN mOR & COMPANY Head Office: 1120 M. de Santos, Manila-Re. gi8tered: January 12, 1937-Term: From December 30, 1936 to December 30, 1941-Businc.!'s: Merchandising-Nat'ionality: Chinese-Capital: Pesos 24, OOO.OO- Ca,pital contl'ibuted by each partner: L im Chin Giok, Pesos 6,000.00; Cheng Tuan, P esos 6,000.00; Ngo Yu, Pesos 3,000.00; Co Rian, Pesos 3,000.00; Tiu Chieng Po, Pesos 3,000.00; Caua Tin, Pesos 3,000.00-MMI(l.ger: Lim Chin Giok.
LIM CHING CHUAN AND COMPANY Head Office: 720 T. Alonso, Manila-Regist~w ed: November 3, 1936- Term: Four years, beginning October 1, 1935-B1!siness ) Merchandise-Na,tionality: Chinese-Capital: Pesos 8,000.00-Capital con-tributed by each partner :-Lim Ching Chuan, Pesos 2,000.00, Chan Ching, Pesos 6,000.00~Manager: Lim Ching Chuan. LIM GEE LUI & CO., INC. Head Office: 409 Tayuman, Tondo, ManilaRegiste)·ed: January 10, 1936-Tenn: 25 yearsB1IS1?less: To continue the business of the former partnership "Lim Gee Lui & Company" j Manufacture sale of cigars and cigarettes-Nationality: Chinese -Capital Stock: Pesos 150,000.00 divided into 1,500 shares of the par value of Pesos 100.00 each -Snbscribed and Paid-in Capital: Pesos 75,600.00; Cash: Pesos 15,133.79; P1·operty: Pesos 60,466.21Incorporators and Dil·ectors: Lim Gee Lui, Tan Giok Heng, Chan Co Kae, Lin Eng Sin and Lu Chui Kau -Treasurer: Lim Gee Lui, 409 Tayuman, Manila,
P. I. LIM HUAN AND COMP ANY Head Office: 618 Tabor a, Manil a-Registered: December 10, 1936-Term: Four years, beginning November I, 1935--Bus1ness: Merchandising-Nationality: Chinese-Capital: Pesos to,OOO.OO-Capital contributed by each partner: Lim Huan Pesos 1,000.00; Chan Chin Chiang, Pesos 3,000.00; Uy Baw Teng, Pesos 3,000.00, Ng 80 S io, Pesos 3,000.00 -Manager: Lim Huan.
INDUSTRIAL MANUAL L IM KAO HIAN & COMPANY Head Office: 625 Teodora Alonso, Manila-Reg'l stered: March 6, 1936-Term: Ten years, from January 2, 1936-Blts1ness: Smoking TobaccoNatio'nality: Chines~apital: Pesos 24,000.00Capital contributed by each partner: Lim Kao Hian, Pesos 3,000.00; Cheng Liong Han, Pesos 3,000.00; Gaw Siong, Pesos 3, 000.00; Gan Puy, Pesos 3,000.00; Chua La i, Pesos 3,000.00 j Sy Hau, Pesos 3,000.00; Co Chi Sim, Pesos 3,000.00; Chan Hoo, Pesos 3,000.00 -Manager: Lim Kao Hain. L IM KlAn! AND COMPANY Head Office: Nos. 1026 & 1036 Comercio, Manila-Registered: August 11, 1936--Ten1ts: Three years, from J uly 10, 1936-B1,sine88: General Mercbandise-Natiotlality: Chinese-Capitat: Pesos 12,OOO.OO-Capital contributed by eack paTtner: Lim Kiam, Pesos 3,000.00; Cu Cbuan, Pesos 3,000.00; Law See, Pesos 3,000.00, Choa Pin, Pe-sos 3,000.00Manager: Lim Kiam. LIM KIONG AN D COMPANY Head Office: 207 Rosario, Manil a-Registered: Term: Indefinite--BU8in6ss: General Merchandise _Natiotlality: Chinesc-Capital: Pesos 50,000.00Capital contributed by each partner: Lim Kiong, Pe· 50S 25,000.00; Lim Gee, Pesos 25,000.00-Ma1Iager: Lim Kiong. LIM N I KUAN & SONS, INCORPORATED I NTERNATIONAL GROCERY, "TONG BI" Head Office: 10 Plaridel, Cebu, Cebu-Registered: March 15, 1936-Term: 50 years-Busilt888: I mport & Export; Grocery Products-Nationality: Chinese-Capital Stock: Pesos 60,000.00 divided into J.20 shares of t he par value of Pesos 500.00 eachSub8cribed and Paifi..in Capital: Pesos 30,000.00 in merchandise-Incorporator8 and Directore: Lim Ni Kuan, Ng Liap, Lim Kiam Leh, Lim Kiam Lin and Lim Ka Keng-Trea8ltrer: Lim Kiam Lin, 10 Plaride1, Cebu, Cebu, P. I. L IM TEK GOAN & COMP ANY H ead Office: 157 M. de Binondo, Manila-Registered: March 21, 1936--Term: Three years from January 2, 1935-BusimJ88: Hardware and Lumber; General Merchandise-Nationality: Chinesc----Capital: Pesos 9,OOO.00-Capital contributed by ea.eh partner: Lim Tek Goan, Pesos 3,000.00; Orag Tinn, Pesos 3,000.00 ; Tan Uan, Pesos 3,OOO.00-Ma-nager: Liu Tck Goa n.
PHILIPPINES LIM TIAN TENG & CO., INC. Head Office: eehu, eehu- Registered: March 17, 1936- Term: 50 years-Business: Coprax, Hemp, Sugar, Maguey, and other native produ cts-Nation~ ality: Chinese-Capital Stock: Pesos 399,000.00 divided into 399 shares of the par value of Pesos 1,000.00 each-Subscribed and Paid-in Capital: Pesos 157,000.00; Cash : Pesos 2,000.00; Property: 155,000.00/ ncorpora.toys and Directors: Jose Sy Jongchuy, Lim Tian Teng, Faustino Rafanan, Manuel S. Sy and Lim Ka Kong. LISSAR, COMPAI'nA I NCORPORADA FactO'l-ies and Offices; San Pedro Makati, Riza] -Registered: February 5, 1936-Term: 50 .y earsBusiness: Perfume and Soap Manufacturers-Nati01Ullity: Filipino-Capital Stock: Pesos 400,000.00 divided into 4,000 shares of the. par value of Pesos 100.00 each-SubsCl-ibed Capital.- Pesos 368,000.00Boa1·d of Directors: Presid.,ent: Tirso Lizarraga; Vice President: Jacobo Zobel; TreasUl·er: Felipe Fernandez; Directors: Eduardo Roxas Gargolloj Ra. fael Alunanj Enrique Vazquez Prada; Daniel
Aguns; Secretary: Ramon Arcej Manager: Santiago Codina. LI U KAM SENG & COMP ANY Head Office: 222 Santo Cristo St., ManilaRegistered: September 7, 1935-Term: 10 years from July 1, 1935-Bu8ines8: General Merchand ise-Cap_ ital: Pesos S,OOO.OO-Capital contributed by each partner: Liu Kiam Seng, Pesos 1,500.00; Ong Kiat, Pesos 1,000.00; Tiua Sia Bet, Pesos 2,000.00; Ong Ting Tong, Pesos 2,000.00; Yu Bon Tok, Pesos 1,500.DO- Manager.- Liu Kiam Seng.
LI U KIAM TEC & COMPANY Head Office: Manila, P. I.-Registered: June 3, 1936-Term: 10 years from January 1, 1936-BuBiness: General Merchandise-Nationality: ChineseCapital: Pesos 24,500.00-Capital eont·ributed 011 eack partner: Liu Kiam Tec, Pesos 7,DOO.00; Liu Kiam Hian, Pesos 7,000.00; Liu Kiam Sian, Pesos 7,000.00; Liu Oy, Pesos 3,000.00-Manage1·: Liu Kiam Tec.
LIWLI
P A
RFU M./
LI//AR Presents
277
GOLDFIELDS, INC.
Head Office: 209 A. Regina Building, }HanilaRegistel·ed: October 14, 1937-Autltol-ized Capital: 5000 Shares;-Su"bscribed: Pesos 5,000.00; Paic£.in: Pesos 2,SOO.00-Directors a11d IncO'l"porators: Grego_ rio Lagman, Casto de Ocampo, Ciriaco Lopez, Jose S. Papa, Serafin de Ocampo, Aguido Sagun, B. S. Dugue, P. D. Sagun, Emilio Veloso, Emilio Soriano, Juan P. Agluban, Jose Gonzales, Y. Kato, Alfredo Aquino, Consuelo de la Paz.
its creations PREMIERE NmT Perfume and Lotion
LIZARI S & CO., INC. Head chants.
Office:
Iloilo--B-usi1less:
Sugar
Mer-
SIESTE Perfume and Lotion
EAU DE COLOGNE EXOTIQUE Lotion and Soap EAU DE L AVANDE DES A LPES Lotion and Soap and its tatat
EAU
DE
MANILLE
LONE STAR MINING CO., INC. Head Office: P. O. Box 2400, Manila-Register_ ed: April 26, 1935-Term: 50 years-Business: Mining-Nationality : American-Capital Stock: P esos 50,000.00 divided into 500,000 shares of the par value of Pesos 0.10 each-Subscribed and Paid-iJt Capital: Pesos 18,400.00 all in property-Incorpo7·ator8 and Directors: J. B. Richey, Carlos A. Barretto, Faustino Reyes, Charles E. Hupp and Charlie Corn-TreasUTe-r : Faustino ReYes, San Juan del Monte, RizaL
278
T HE COMMERCIAL & INDUSTRIAL MANUAL
LONBORG & COMPANY
LOPEZ BROTHERS REALTY CO.
Head Office : Manila-Business: Provision Merchants-Established: September 28, 1937-Cavital: Pesos 5,OOO.OO-Cu1JitaL contl'ibuted by each 11nrtlltlr: Niels F. C. Lanberg, P2,OOO.OO; Montague C. Wain, PI,SOO.OO i Michael Zaslavsky, Pl,500.00-Mu1IC1gel路'Niels F. C. Lonborg.
Head Office: Bncolod, Oce. Negros-Branch Office: Manila-Registered: l\I nrch 10, 1936-Terl1l: 50 years-Bllsiness: Real Estate-Nationality: Filipino-Capital Stocl.: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 eachSubsCl'ibed Capital: Pesos 76,300.00-Capital Paid:
THE LINCOLN NATIONAL LIFE INSURANCE, Co. Fort Wayne Indiana, U.S.A. Financial Condition as of December 31, 1936, Condensed from the Report Filed with and Approved by the Insutance Commissioner Commonwealth of the Philippi nes Ptrt:tnfll/,<
"
S 2,585,S05.20
Cash in B~nk and Office .. Bond$~U. S. and Canadian Govern路 11,310,688.00 ment ..... . 4,299,286.00 State, Prol'incial, Municipal. ... 7.494,051.00 Railroad. 9,708,659.00 Public Utility. 795,920.00 Miscellaneous .. 4, 316,295.17 Prdcrr~d Siocks .. ( The market value of such securities is in excess of the: book value .) 25,26},529.92 First Mortgage Loans-Cit}' Property. 3,9~3,B82.83 Farms ..
2%
9% 3%
6% 7% 1% 3% 2.0%
3%
(Appra ised value: of properly mosrgagcd
-$81,858,000.(0) Loans to Polic)'owncrs.... 22.423,552.81 Trusteed Asscts... 12,036,252.}2 ( For policyowners of certain reinsured companies) Balance Due: On Property Sold Under Contract . Real Escate Owned . Interest Due 2nd Accrued . Net Premiums in Cours~ of Collection Home Office Peopen}' .. All Other Resources ...
Net Admitted .... ssets ..
LiABILITIES
TorllJ
ASSETS
2,371,026.06 15,876,388.46 1,268,070.63 3,747,863.09 2,287,857.06 1,038,541.50
$13:),757,669.05
16%
Policy Reserves. . .................. $117,849,452.30 (This is the amount which wilh interest and future premiums will pay all policy claims 15 ther mature.) Add ition:tl Polic)"owncrs' Funds. Premiums Paid in Advance and Interest .. Special Reser\'csFor Claims nor yet compleled or Reported. . . $1,128,111.00 For Taxes payable in 1937 . 1,001,895.00 For Gommissions, Medical FU$ and Other Bills nOI yet Presented.. 609,720.00 For Losses on Real F.slale Sales Made but nOt yet Completed. IN.201.CO
9% TOlal Special Reserves ...
2% 12% 1% 3%
1,2~,731.71
1,661..,283.55
2,913.927.00
Toul Liabilities to Olhers Than $123.675,39路1.S6 Stockholders .... . $2,500,000.00 Capital Stock ... 3.500.000.00 Unassigned. Surplus. Special Surplus [or ContingCflcics .. 1,082,274.49
2%
1% 100%
Surplus to Prot芦t Policyowners. To Balaoce Assets ....
7,08J,274 .49 . ...... $130.757.669.05
PHILIPPINES
LUNETA HOTEL Manila's Leading Resid,ential and Transient Ho[el~IdeaIl y Located on the Famous Luneta Overlooking Manila Bay Ten minutes from Business District-Rooms: Single, Double or En Suite
SERVING THE BEST FOOD IN MANILA
I !
LEE HOBBS,
Managing Owner
OPERATING THE-- -- '
UNIVERSITY BUILDING Forty-four Rooms with Bath and Electric Refrigeration Both are on San Luis St., less than a block from the entrance to Dewey Boulevard, and a block from the Army & Navy and the Elk's Clubs. No cooler location in Manila.
The Walled City and the smatt shops of the Ermita district are five minutes walk. Street cars within a block. Garage in connection and branch offices of the Malate Taxi Cab Co. in the lobbies.
VERY REASONABLE DAILY AND MONTHLY RATES Telephone 2-19-71 Manila p, I.
279
280
THE COMMERCIAL
&
Pesos 37,650.00-IncorporlltoTs and Directors: Francisco T. Lopez, Emilio Lopez, Conchita T. Lopez, Cesar T. Lopez and Carlos T. Lopez-Treasurer: Emilio Lopez, Bacolod, Occ. N egros. LOPEZ ENTERPRISES CO., INC.
H ead Office: 257 Arquiza, Ermita, ManilaRegistered : October 8, 1936-Term: 50 years-Busine88: Real Estate; Agricultural Lands; Building Contractors-Nationality: Filipino-Capital Stock: Pesos 1,000,000.00 divided into 1,000 shares of the par value of Pesos 1,000.00 each-Subscribed Capital: 200,OOO.OO-Ca.pital Paid: Pesos 50,000.00-171c01'porator8 and Directo1's: Benito Lopez, Nelly Lopez de Zamora, Salvador Zamora, Lilia Lopez, Vicente Lopez, Jr., and Elena H. de Lopez-Treasurer: Lilia Lopez, 257 Arquiza, Manila. LOPEZ, I NC. Head Office: Iloilo, Iloilo-Registered: August 1, 1935-Term: 50 years-Business: Real EstateNationality: Filipino---Capital Stock: Pesos 500,. 000.00 divided into 500 sharas of the par value of Pesos 1,000.00 each-Subscribed and Paid-in Capital: Pesos 100,000.00-lncorpomtors and Directors: Ramon Lopez, Eugenio Lopez, Fe~nando Lopez, Maria Javellana de Lopez, Pacita Moreno de Lopez and Margarita Nicolas de Lopez-TreasurtH': Eugenio Lopez, La Paz, Iloilo, P. I. LOUISE BROWN SHOP INC. Head Office: c/o Bachrach Motor Co., ManilaRegistered: April 4, 1936-Tenn: 50 years-Business: Importing, Exporting, Manufacturing Merchandise-Nationality: Filipino---Ca.pital Stock: Pesos 50,000.00 divided into 500 shares of the par value of Pesos 100.00 each-Subscribed and Paid-itt Capital: Pesos 25,000.00; Cash: Pesos 15,000.00; Prop. erty,' Pesos 10,000.00-lncorporatol路s and Directors: Aimee Luba Elianoff, Martin Elianoff, H yman M. Levine, Minna Levine and Catherine MeacockTreas'u rer: Catherine Meacock, Manila, P. 1. C. M. LOVSTED & COMPANY (MANILA), LTD. Head Office: Seattle, U.S.A.-Branches: Manila, Honolulu, Vancouver, B. C.-Nationality: Amer路 ican-BuS'iness: Machinery and Foundry ProductsEstabliS'hcd: 1914 in Seattle; 1928 in Manila-Tele-
INDUSTRIAL MANUAL graph: "Lovsted"-Bank Reference: National Bank of Commerce, Seattle; Philippine NationaJ Bank, Manila. LUIS CHAN YAN GAM & COMPANY Head Office: 243-247 Rosario, Manila-Regist.ered: June 8, 1936-Tern~: 20 years from May I, 1935-Business: Wholesale and Retail DruggistsNationality: Chinese-Capital:' Pesos 40,000.00Capital contributed by each partner: Dr. Vicente Tan Tiec, Pesos 10,000.00; Te Hui, Pesos 10,000.00; Luis Chan Yan Gam, Pesos 10,000.00 Ernest J. Klingler, Pesos 10,000.00-Manager: Luis Chan Yan Gam. LUIS PEREZ SAMANILLO BUILDING Head Office: 619 Escolta, Manila, P. I.-Na. tionality: Spanish-Busine8s: Stock Brokers-Pri?l_ cipals: Luis Perez Olaguer Feliu and Valentin Ventura, Partners-Authorized a'JId Paid路i7L Ca1)itai: Pe. sos 100,000.00-Telegraph.: "Ollinamaso"-Bamk R eference: Hongkong & Shanghai Banking Corporation. LUNETA HOTEL Head Office: Located on the Famous Luneta Overlooking Manila Bay-Nationalitl/: AmericanBus-iness: Residential & Transient Hote] Operators -Ma'JIaging-Proprietor: Lee Hohbs-Telegra1)h: "Luneta"-Capitaf: Pesos 60,000.00-Ba?lk Reference: Peoples Trust Company. LUZON BROKERAGE CO., INC. Head Office: Derham Building, M. de San Francisco, Port Arca, Manila, P. I., P. O. Box 591Na tio?Jalit.y: Amcl'ic:an-Bwfines8: Customs Brokers, Foreign Forwarders, Warehousemen and TruckingEstablished: 19t1-Paid Up Capital: Pesos 60,000.00 -Par Value of Shares: Pesos 100.00--T6isg'faph: "Lubrocoin"-Codes Used: Bentley's-Principau: A. B. Cresap, Pres. & Gen. Mgr.; F. H. Myers, VicePresident and Treasurer; Tomas Torres, Secretary; Directors: E. M. Grimm, W. L. Applegnte--Agen.cies: International Ocean Express System, Seattle, Wash.-Bank R eference: The National City Bank of New York, China Banking Corporation, PhilippineTrust Co., Bank of the Philippine Islands.
PHILIPPINES LUZON CONSOLIDATED MINES & CO., INC. Head DfNee: 318-320 Kneedler Building, Sta. Cruz, Manila-B1路anch.: Sta. Cruz, Zambales-Nationality: Filipino-Established: 1934-Busin ess: Mine Operators-Principals: Raymundo Kagahastian, Manager, Ambrosio Pablo, Secretary-Treasurer, R. Kagahastian, President, Hon. Pedro Guevara, Vice-President, Ambrosio Pablo, Secretary; Treasurer, L. R. Aguinaldo, Uy Chaw Kui-Authorized Capital: Pesos 2,250,000.00; Paid-in Capital: Pesos 332,635.00-Par Value of Shares: Pesos 0.01 -Telegraph.: "Luzconmine"-Bank Reference: Philippine National Bank. The original property of the Luzon Consolidated Mines & Co., Inc. was personally prospected by Mr. Kagahastian and his men in 1934 following staking, registration and sUl,"veying by a Deputy Mineral Surveyor of t he claims consisting of 118 chromite mineral claims and fr0T1\. that preliminary prospecting the property has never been abandoned up to the present. Serious difficulties has been encountered during such preliminary prospecting because the place had never been touched nor did exist any trails. Mr. Kagahastian said that when he went the first
281
time to the place from the town of Santa Cruz, Zambales, four days walk was required. Following to that personal sacrifice of Mr. Kngahastian his plan was to continue the exploration works even at his personal expense to assure the possibility of the property before organizing a corporation, and he had invested thousands of pesos before the organization of the actual corporation. Having been discovered that the claim located was a promising property Mr. Kagahastian tried to invite some Filipino capitalists in the City to form with him a corporat ion for the development and exploration of said property but at his deep regret each and everyone refused to form such corporation with him. Only after he had exhausted efforts to attract said Filipino capitalists, Mr. Kagahastian, decided to organize the Luzon Consolidated Mines & Co., Inc. inviting to join him particularly the actual Secretary-Treasurer, Mr. Ambrosio Pablo and Vice-President Dr. E. S. Hernandez and others as can be seen in the following paragraphs of this statement. The idea of Mr. Kagahastian in inviting prominent Filipino capitalists was for certain indication of his friends that in the matter of the ol'ganization
\
LUZON BROKERAGE CO. Derham Bldg.
MANILA, PHILIPPINES
Port Area
P. O. Box 591 Tel. 2-24-21
CUSTOMS BROKERS FOREIGN FREIGHT FORWARDERS WAREHOUSEMEN CONTRACTORS FOR HEA VY TRUCKING
THE COMMERCIAL & INDUSTRIAL MAN UAL
282
LUZON CONSOLIDATED MINES CO., INC. Balance Sh eet as at December 31, 1936 CA PITAL AND UABILI T IES
ASSETS
Current: Accoun t payable . Deposits. . . ... .. Unclaimed wages.
Current: Cash h ems:
On hand. 'I> Pen), cash fund Philippine Na(ional Bank C/a..
1,76}.98 200.00
6, 165.07 295.20 882.99
38.627.~3
Total current liabilities . Capital : Capital stock au thorized representing 225,000,000 shares at PD.Ol .
P 40.591.51 609.04 1,589.70 3,950.05 110.00
Mess inventories. Bodega supplies .. Accounts receivable. . DePOSiL TO(;l.l current as!.C:u .â&#x20AC;˘ Fixed : Mine land (at tOSt).\ '" Furniture and
fixtures .. Toots and equip. ment. .
P
2,380.68
'1)22,250,000.00
P 46,850.30
"
7,343.26
118.00
Issued and subsc ri bed: 50,052,800 shares at 'P0.Ql
p Less-Subscription receivab les
500,528.00 167,891.00
3,626.,!2 7,008.95
Buildings .. [>
332,635.ro
13,015.75
Less- Depreciation rcsen'c..
1,164.18
'P Telephone: system .. EngLne1:TS instruments ...
Trucks and del il'c:r), equipment. Road roll and equipment ..... Laboratory machinery equip-
11 ,851.57 862.20 618.25 18,977-17 5,008.87
mcnt.
3,694.60
Toul fixed ................. ' ..
41 ,130.75
MISCELLANEOUS DEVElOPlIoIEN;}' :
Mine development (192 chromite: mineral claims). . '" ...
l' 90,185.46
Roads, trails and bridges.. Pier conSlrucrion .
130,642.83 5,202.26 )80.40
Assessment.
Toul dc"elopmcnt .. Deferred Charges : General expenses- Mine. Organization expenses ... Organiution expens.c:s . .
226,410.95
(Sgd.) R. 'P
13,415.86 20,)15.95 20,315.95
KAOARMTIAS,
Pruii",'.
(Sgd.) AMADO MAU GLIG. Ct,';fi,i Puh/" A,(Qunr:ml.
'P 63.967.75 Less- Deferred credirs
38,381.49 25, 586.26
,>339,978.26
P
H9.978. 2i!
28)
PHlLIPPlNES of n mining corporation it is important that among the incorporators be included some well-known capitalists to attract the public investors, in spite that the insinuation or these general belief up to the present time is absolutely contrary tc. the belief of Mr. Kagahastian, taking into consideration that according to reliable information sqme of these capitalists generally agree to be incorporators under ce l~ta i n consideration that they do not invest any centavo (rom their own pocket and they will be allowed to have shares at the expenses of the principal organizer and claim owners and Mr. Kagahastian said that such system is contrary to the business ethics and the corporation so organized, would he dangerous to the interest of the same corporation and stockholders as D whole. Mr. Kagahastian's opinion is that the organizers of a corporation must have trust on their proper capacity and ability to handle the corporation by themselv~. Otherwise they will begin with a false foundatton. As stated above the Luzon Consolidated Mines & Co., Inc. was organized by Mr. Kagahastian \vith the cooperation of Messrs. PaJj~o and H ernandez in the City of Manila on Feb. 9, 1935 with the following incorporators; R. Kagahastian, Amb. Pablo, Marta M. de Guinto, E. S. Hernandez, A. V. F ernandez, J. A. Baes-·wlth thll initial rapital of P250,000.01.1 divided into 25,000,000 sha:.;es at par value of PO.01 each, registered l'he inr:orporati1)n paper':! in the Bureau of Commerce on February 12, 19::15, and pel'mission to offer the shares to the publ ic was granted by the Insular Treasurer on February 23, 1935. The incorporatol's were elected first directors and !)ITicials of the cOI'poration composing of the following; R. Kagahastian, Pnz /Jident and Ge'1e)'ul Manage) .. Dr. E. S. Hernandez, Vice-PreBident. Marta M. de Guinto, Mem.ber. Antonio V. Fernandez, Member. Ambrosio Pablo, Membet·, Secret'lry-Trcu lwrer. At the time of incorporation the Company had as original property the above mentivlled 118 chromite mineral claims. On December 17, 1935, four claims inside the original claims were added making a total of 122 chromite mineral claims. On September 29, 1936 the Board of Directors had decided definitely to take another chromite group known as Tayabense groups consisting of 70 and regular claims added to the property of the Company so that the actual total property under operation by
the Luzon Cons. Mines & Co., Inc. arc 192 I'egular ehromite minel'al claims containing 1,728 hectares and according to the consulting engineer's report of June 4, 1936 a pOl·tion of only about 100 hectares of the property out of 1,728 hectare!; there arc already blocked ore of high quality 200,000 tons and about 5,000 tons is ready for shipment not included with such blocked ore several another deposits dis..::overed within the propel·ty. At the general meeting of the cOl'poration, March 1936, the members of the Boa rd of DiI'ectors were reorganized succeeding Mr. Fernandez as member of the Board 1\lr. Uy Chaw Ku i, the general manager of Mariano Uy Chaco & Sons and all others was l·eclected. 1hs. Marta 1\1. de Guinto died on March 21, 1936 thus leaving one vacancy in the Board of Directors. Wi th the first capitalization of P250,000.00 the Company was criticized by some miners in the city stating that the Luzon Consolidated l\lines & Co., Inc. cannot succeed in its mining activity be('ause the Company is managed by Filipinos nnd they will need to constl"Uct a road from the provincial road of Zambales the mines to the extent of about 20 or, more kilometers besides the necesity of constructing proper pier at Lacupan Bay f.:>r the facilities of transportation and loading of the ore, installation of a proper laboratory in the mines and other important neces~iti (:s for the proper development of the property; but against these criticisms made by our colleague in the field of mining enterprises strict economic expenses had been adopted, ~acl'ifice of its officials in the matter of sal aries the management was able to open a road from the provincial road of Zambales to the farthest points within the properLy with a branch to the north deposits in the extent of about 32 kilometers of 4 meters width and the trucks of the Company today can easily approach the center of said property; having at the same time installed a modern laboratory in the mines; an emel'gency hospital now under the supervision of Dr. Abanilla with a nurse as his a ssistant; bunk houses for the employers and laborers staff house in the mines and pier in the Lucapon Bay is actually finished . In addition, 5 principal bridges and more than 170 culverts are constructed along the r oad. Our adjoining company in the north, the Acoie l\Iinin~ Co. under Marsman & Co., management is actually benefited by our road have been obtained from Luzon Cons. Mines & Co. a provisional pel'mit to use the road fol' the transportation of their
to
284
THE COMMERCIAL & INDUSTRIAL MANUAL
food supplies up to kilometer 24 using a truck three trips a week, pending negotiation for the permanent use of about 24 kilometers of the road under rental basis. The capital of the Company was increased from P250,OOO.OO to P2,250,OOO.OO thru a special meeting held on Sept. 22, 1936 and had the following program of activities: 1. To develop intensively the whole area of chromite property in ZambaleSj 2. To install, as permanent and morc economical system of transportation of the ore, a skyline of about 12 kilometers; 3. To install, as the first step for acquiring high price of chromite ore abroad, a concentrating plant, and eventually when so justified to convert it into a smelting plant to produce ferro-chrome; 4. To. acquire gold, iron, copper and other important mining properties; 5. To organize a consulting geologist and mining engineer's Office as technical advisers of the Company. 6. To exploit in commercial scale the abundant timber not needed in the mine, on the actual property in Zambales and other fore t products. (1) In regard to gold mine, the Board of Directors has already taken step By entering into option contract with the claim owners of the following properties: (1) Volunteers Group in Moun<..ain Province; (2) Eastern Itogon droup in Mountain Province; (3) Sagpllt Group; Kibufigan, Benguet; (4) Silao Gold Mining Association and Gan-
lang properties, Bulacan; and (5) Gold and copper, in Zambales Province.
Timber License has already be~n granted by the Bureau of Fores try and step taken fl'l' the installation of a saw mill in Lucapon. At the last annual meeting of the stockholders held on March 6, 1937 were electerl the following members of the Board of Directors: Raymundo Kagahastian (reelected), Leopoldo R. Aguinaldo (new). Hon. Pedro Guevara (new), Up Chaw Kui (reelected) and in the inaugural meeting of the above members, were elected officials the following: Raymundo Kagahastian, Pres. & General Manager, Hon. P edro Guevara, Vice-President, and AmbroSio Pablo, See.Treasurer & Assistant Manager. The Company began shipment of chrome ore for Japan on "S. S. Haguru Maru" in February 14-17
of this year and on "S. S. Taiwan" for Europe in Feb. 23, 1937. Next shipment shall be for Japan again, New York and Europe. Several offers received by the Company to buy entire production is under consideration of the Board of Direetors. Annual Report as of December 31, 1936: Two years ago in even date of 1934 your ~ompany or the Luzon Consolidated Mines Co., Inc., was a dream in the mind of its organizers, but than!:s to their perseverance and confidence of its originnl stockholders, ninety nine per cent (99 % ) of which are Filipino mining investors, it was made a reality, a true mining company, when in a spccial meeting held on September 22, 1936, the initial capitalizt.tion of Pesos 250,000.00 was increased by Pesos 2,000,000.00 more divided into 200,000,000 shares at the par value of one centavo (Pesos 0.01) each, so thRt the total ca· pitalization today of your company is Pesos 2,250,000.00 or 225,000,000 shares; and that additional permit to sell the increased shares to the public has been obtained from the Insular Treasurer on October 26, 1936. Sale of stock of the first capitalization was closed, about August, 1936, followed immediately by the rise of its par value to five centavos or more each without listing it in the stock market. Our stock was only listed in the market in the opening of business of the International Stock Exchange. It is planned also to list it on Manila and Central Stock Exchanges. On the last annual report it appeared that prop· erty of your company consists only of 122 regular chromite mineral claims with an aggregated area of 1,098 hectares, but later on you!' Board of Directors had acquired additional property, known as "Tayabense Chromite Group" adjoining in the South with previous property consisting of 70 regular chromite mineral claims, so t he actual property of your company in chr omite alone is 192 regular chromite mineral claims with a total area of 1,728 hectares. The following are the rcsults of the tonnage estimates. 101,000 Tons Positive Ore 101,000 Probable Ore ..............•. 2,600 Ore in Bodegas ..... - ... 204,600 Tons Total ...... . Grade of ore has not been taken :nto consideration because of lack of analysis, but the many samples analyzed have always been fair are.
PHILIPPINES ________ ---'-'-'=c:..::.==--_________ __285 _
LUZON CONSOLIDATED MINES CO., INC. Authorized Capital, 'P2,2S0,OOO.OO. or 225,000,000 Shares at par value of 1>0.01 each.
OFFICES: 318-320 Kneedler Bldg., Third PIOOt, Manila TeL 2-43-08 P. O. Box 2237
CAPITAL-MANAGEMENT-PERSONNEL COMPLETELY FILIPINO
OUR MOlTO, FAITH AND PERSEVERANCE LEAD TO SUCCESS
With permit to sell sh-ares approved by the Insular Treasurer on February 23, 1935. and October 26, 1936. The first shipment of 1,551 tons of chromitc to Japan loaded on S. S. Haguru Marti last February 14-18, 1937, as well as the second shipment for Europe made on S.S. Taiwan February 23, 1937 were declared a success.
MEMBERS OF THE BOARD OF DIRECTORS & OFFICIALS RAYMUNDO KAGAHASTiAN Pre.rident & Gen. M:a11ftger HON. PEDRO GUEVARA Vice-Pre.rident
AMBROSIO PABLO Sec,-Treamrer rt:r Aut. Mgr.
L. R. AGUlNALDO Member
C.E.
11clg. Chief. Min( Dept . FABIAN K. AGBAGALA,
M.S.
Assf. CMe!, Mille Dept.
NlCANOR VILLANUEVA,
M.'.
Chief, Transportation Dept.
ANTONIO F. DENIEGA,
C.E .
Chief, Engineering Dept.
UY CHAW KUi Membu ALVIR & CO., INC. Consulting Engineers rt:rGtoJogistJ V. DEL ROSARIO & C. LUNA Attorneys
VICENTE S. GARCIA,
JUANARIO FRONDOSO, Asst. Chief, Eng. Dept. E. C. EUBANAS Chief Chemist
ALF. LAUREL Asst. Chemist
PHILIPPINE NATiONAL BANK Bankers
C.E .
286
THE COMMERr.TAL & INDUSTRIAL MANUAL
The Company is now in a position to enter into contl'aets, and as soon as the road and pier are ready, to ship chromite are. 'l'his report has for its main pUl'pose the estimation of the quantity of chl'omitc arc already proven. I n these calculations only positive are was included, The following al'e the assumptions on which those estimates arc based. One (1) cubic meter of chl'omitc ore in place weighs Foul' (4) Tons. Generally 25 meters from samples were allowed for positive ore. That is, that it is reasonable to expect a lens of chl'omite to extend at least 25 meters, from all eXJlosure 01' outcrop. EVC1'Y exposure of chromite has been considered orc, because the laboratory is not ready yet and analyses are lacking.
Calculation of T~nnage: Lo-G-De-posits. About 50 meters to the north of Lo-4 is a trench across a ridge which disclosed an ore body about 2 meters wide. Preliminary shafts have been driven on the ridge both below and above the trench which showed encouraging results walTant"ng further systematic exploration and development. There may be parallel lenses which should increase th\ tonnage.
A bout the TI'ench 2 Ill. wide X 25 Ill. deep X 25 Ill. long X <I 5,000 Tons Below tlte Trench 2 Ill. wide X 25 m. deep X 25 m. 10Hg 5,000 Tons X 4 ...
Lo-4B-TI'ench: Below the main tt'ail leading to Lo-G and across another ridge is a trench 15 meters long and ubout 3 meters deep all in solid chromite which looks like high grade. The bottom of the trench is still in solid ore and it is pl'obable that a big tonnage may be developed here. Instructions have been given to the Asst. Supt. regarding the development of this solid body of chl'omitc. Not very far from these deposits were also discovered 3 big lenses of chromite which have not bl'en completely exposed. These deposits may inereaM considerably the to nnage of this particular site. 15 m. wide X 27 m. deep X 50 m. long 81,000 Tons (25 on either side)
D- ff- Deposits: Previous reports gave us only a limited knowledge about the above deposits but recent typhoons have stripped off the overlying soil and thereby exposed more ol路e. Further stripping
above and to the right will possibly uncover more ore where a big tonnage might be obtained. 100 m. long X 40 m. wide X 5 m. thick X 4 .. 80,000 Tons Tml1/et-4 80 m. long X 25 m. deep X 1m. wide X <I 8,000 Tons Lo-SA Surface Ore 1,500 Lo-SB-TIIJl1!el (R-X-Cltt) 25 m .. deep X 50 m .long X 1 m. wide X 4 5,000 Lo-sB-TlOlJlel (L-X-C1tt Above) 3 m. thick X m. long X 5 m. decp X <I 300 Lo-sB-TumUlt (L-X-Cut, left side) 5 m. wide X 30 lll. long X 1 m. th ick X 4 GOO Shafts 9 Deposits. 50 m. long X 2 m. thick X 10 m. 4,000 wide X 4 D路I-Tu1111el. 12 m. long X 5 m. wide X 30 m. deer . X 4 7,000 Lo-6-DelJOsits. A bove til e TI'eneh 2 m. wide X 25 m. deep X 25 m. long X 4 .. 5,000 Below the Trench T m. wide X 25 deep X 25 long X" 5,000 Lo_J.B~Tl路e?leh
15 m. wide X 27 m. deep x 50 m. long (25 on either side) 81.000 Total
...
197,GOO Tons
Ol'e i1/ Bodegas.' It is estimated that in the dif-
ferent bodegas there are 2,600 tons of chl'omtie ore. In Kiskis, very nice looking ch l'omite is being mined from the over-burden. At least foul' (4) tons of ore can be produced from 10 cubic meters of soil. Basing our figures on what has a ll'ead)' been mined, it is believed that at least 5,000 tons can be mined in the soil a long the creek. This is being done by contract at Pesos 7.00 a cubic meter to about Pesos 3.50 pel' ton. 197.000 Malim-lim Ore 5.000 Kiskis Ore
Total
....
202,000 Tons
To be ultra-conservative we shall ailow only one路 half of the above as positive and thl! other hall as probable, ore: 101 .000 Positive Ore 101,000 Probable Ore 2,600 Ore in Bodegas Total
...
204 ,600 Tons
PHILIPPINES RepoJ't of the O,'fll'atiolls of the Uu'Zon COJ/soli-
dated Mines Co., Inc., By Dr. A. D. Al'llil' of AlviJ' & Co. /7le. Consultants,' This report includes all the operations for the last year including all the work of development and the work on the transportation facilities. A g reat amount of superficial work has been done in Malimlim which, aided by the r ecent typhoons, has exposed a large tonnage of chromite ore. Prospeeting and exploration work at Kiskis and Nydia have disclosed considerable amounts of chromite float and also chromite in place. With the estab路 lishment of a chemical laboratory, nnnlyses on these ores have been made and the results have been very gratifying. A great deal of work has been done on the road so that trucks can now reach the camp at BanIag, the Kiskis deposits and the camp at Malimlim. Only portions of this road have to be surfaced yet. At Lucapon a ramp ana a pier have been built for loading chra:mite into the lighters. Ore is now being bI'ought h'om Kiskis to the pier and a considerable number 0 tons are aiready at the pier. Better houses are 'now being built in the camps and a physician is s~tioned to take care of the health and sanitary cond~ ions, With this set up, the time is at hand for making the first shipments of ore, A preliminary estimate of positive and probable ore made by the undersigned, without taking into consideration the analyses of the ore, gave approximately 200,000 tons. ThPcre were in the bodegas about 3,000 tons of chromite. Another group called the "Tayabense" in which some big outcrops of chromite have been exposed has also been taken over by the corporation. Malimlim:-A truck road has l'pached Malimlim right up to Tunnel D-l so that when production starts haulage by trucks is now possible. Tunnel D-l has been continued to meet Tunnel D-8 from the other side. This tunnel will serve the purpose of hauling chromite from the other side of the mill to where the trucks can load. Both tunnels crosscut lenses of chromite. Trenches, shafts and opencuts made in Malimlim have developed a considerable amount of ore the analysis of which, according to the chemist, Mr. Eubl\nas, ra nges between 34% and 54 % . Recent typhoons have sb.路ipped the mantle soil and more bodies of chromite weI'e exposed. Some of these ores occur as lenses, but the majority arc irregular bodies on which more work will have to be done especially as regards depth or thickness so that quantity of positive ore could really be calculated. Hand in
287
hand with this work a very close sampling should be done to determine the grade of ore. At this very moment 5 engineers of Alvir & Co. under the direction of Mr. V. J. Lynch are doing this work of valuation, so that the estimates in quantity and quality of ore will be reported on after the termination of this work. Kiskis; - A branch road has ail'eady reached Kiskis and some of the ore has already been hauled to the pier at Lucapon. There arc about 2,000 tons of high-grade ore in bodegas at Kiskis. All this production eame from loose fragments of chromite imbedded in the soil. It is suspected and this has been shown because of several b.路enches, opencuts and shafts, that t.here is a considerable amount of this loose chromite ore imbedded in the mantle soil covering the hill. It is recommended that s.t1"ipping of the hillsi de be started, not only for the purpose of producing ore, but also with the end in view of exposing the bedrock so that the suspected source of the chromite ore may be found. At Kiski;;. the ore analizes an average of 50 % Cr~O~. Nydia:-A short distance from Kiski s in the Nydia claim a big mass of chromite about 3 meters wide and 5 meters long with an unknown depth, has been exposed. The analyses went to about 53 % . For the present, due to the lack of a road, no more work should be done on this outcrop. The company has built a staff house of stl'vng materials, an emergency hospital also of sb.路ong materials, and bunk houses for laborers . A small generator connected to the engine of the chemical labo~ ratory supplies light f01" the l\Ialimlim camp. At the Banlag camp the bunk houses are also being repaired. At Lucapon the company has hired a house which is being used as Offices and bodega. A resident physician looks after the health and sanitation of the different camps. So fal' malaria cases are not indigenous to the regior., but are always brought in from other places. Otherwise health conditions are very satisfactory. The road is already passable by trucks from Lucapon to l\falimlim, 26 kilometers long and from Km. 22 to Kiskis a branch 2 kilomters long. Much of the road is surfaced, but there is still a good deal of surfacing to do. A big number of laborers are working on the road so as to fini sh the surfacing in the shortest time possible. A fleet of 16 trucks, which will soon be 20, is now transporting chromite fl'om Kiskis to the pier of I:.ucapon. Negotiations are still pending for the use of the road by the Acoje
2BB
THE COMMERCIAL
&
Mining Co. which I am sure will be terminated within a short time, as it will be beneficial to both companies. The pier at Lucapon Bay ahout 45 meters away from the bodega is already finished and at present a railroad system is being installed f~r loading the chromite ore into lighters. The steamers will anchor about 60 meters from the end of the pier. The bodega in Lucapon is estimated to accommodate 5,000 tons of chromite ore. The management is planning to add about 10 trucks for the transportation of chromite ore by contract in addition to the trucks of the company in order to meet U:e preliminary contracts. Based upon the preliminary valuation report by the Consulting Engineel' dated June 4, 1936, quoted above, "that your company has already blocked out about 103,600 tons of positive ore and that there are another 101,000 tons of probable ore," and taking into account the prevailing market pri('e of this metal in the United States ~blished by "Metal & MineraI Markets," which gives ordinarily $16.75 to $17.00 a ton for 45 at 47 per cent Cr10 J and $19.00 to $19.50 a ton for 48 % at 50 ~ Cr,O. contents, and that our ore gives about these vercentages according to several analysis reports from the Bureau of Science of samples submitted an,d from those run at our own Assaying Office in the mine; and having in mind by the Board of Directors of your company that it is just and ]·easonable to give "premium" in the form of shares of stock in favor of the stockholders of the origial capitalization :\t the rate of 2 to 1 in consideration to their full confidence and cooperation extended which made it possible the company's actual promising po.sition in its activities, it was one of the principal purposes of having increased the capitalization to provide shares to cover the issuance of such premium, even under EsCl'OW Certificate, the release of which in active shares will be made, naturally, upon the approval of the proper authorities. Such approval will be based on the final valuation of the actual ore discoveries of commercial value properly blocked out as verified by the Bureau of Mines. However, our Consulting Engineer, because of shortage of technical men has not been able to prepare the valuation sheets in spite of several request made by your management to run as soon as possible said valuation so that the Bureau of Mines could decide this important matter. The valuation, however is actually being undertaken by five mining engineers of
INDUSTRIAL MANUAL Alvir & Co., Inc., and it is expected to finish it by the end of Jan., 1937, and ready for s ubmittal to the Director of the Bureau of Mines. Other important purposes of the recapitalization of your company follows: (a) To undertake intensive prospecting, exploration, development and production of chromite ore over 192 mineral claims mentioned above; (b) To complete the metaiization of the main road of 26 kilometers and its branch •.'s opened with 4 meters wide from the provincial rond to the main Camp at Malimlim so that it can resist heavy traffic for trucks transporting our production at all times of the year; (c) To complete the installation of telephone line as a rapid communication systtlm from our Branch Office No.1 at Lucapon to different offices at the mine, Road Gates. etc.; (d) To acquire more trucks for the transportation of our production up to a fleet of 20 trucks at least; (e) To extend our Pier in Lucapon to a point with apout 32 feet of water deep so that steamer in the fu~ure can berth at the Pier; and to complete the actual Bodega of chrome ore with a capacity of about 6,000 tons; (of) To install a Belt Conveyor from Bodega at Lucapon and over the pier for rapid and economical system of loading to the steamer and consequently to instal Electric Power Plant not only for such Belt Conveyor but also to light the place and offices; (g) If satisfied by the result of intensive prospecting of chromite property and after full discus· sion with our technical staff, to acquire and install either right! in the mine or in Lucapon Bay a Concentrating P lant for the concentration of the ore before shipment so that we can raise its percentage and consequently to obtain the highest possible mar· ket price. (h) To extend activities of the company in other mines such as in Gold, Copper, Iron, Manga. nese and other metals for thc benefit of the stockholders of the Luzon Consolidated Mines Co., Inc., and to hire services of experienced mining engineers and geologists from abroad for the organization of a proper staff of technical men at the disposal of the Company, who can serve as advisers to the Board of Directors and management at any time, as well as in the direction and supervis ion of all mining activties of the Company.
PHILIPPINES Option to Gold PrOIJ6l'tisB:-ln regard to gold mine, your Board of Directors has already taken step by entering into option contract with the claim owners of the following properties:
(1) Volunteers Group in Mountain Province; (2) Eastern ltogan Group in Mt. Province; (3) Sagpat Group, Kibungan, Benguet;
(4) Silao Gold Mining Association and Ganlang Group properties, Bulaean Province; and (5) Gold and copper, in Zambales P rovince. Volunteers and Eastern Groups in Mountain Province have been recently inspected by Mr. Juan S. Teves of Alvir & Co., Inc., report of which is hel'cinunder quoted. Volunteer8 Group:-Flont is abundant in the
area.
More veins would be exposed it proper pros-
pecting is carried ouh It is recommended, therefore, that more prospec\ing be made as the physiographic as well as the geologic conditions warrant it. This group, known as the Volunteers Group, consists of 42 gold lode claims, is located in the sitios of Sudukan and Bakyan, barrio of Camo, municipality of Bokod, sub-province of Benguet, Mountain Province. It is bounded on the north by the Pioneer Mining Group, on the cas by Public Lands, on the south by the Philippine Amalgamated, Bolo, and Pokeado Gl'OUPS, and on the west by Poodan Group. It can be l'eached by automobile, via the Mountain Trail, as far as the suspension bridge on the Agno at barrio Ambuklao, where an apparently abandoned automobile road is followed for 10 kilometers to the town of Bokod. From this place a trail, not less than 8 kilometers long, stal'ts in an easterly direction to the property,
This group is located in the Cordillera Centra\ of Luzon. The region is in its topogr.aphic youth characterized mainly by V-shaped, stepsided valleys. The surface is rough and has an average relief of some 200 meters. Rapids and falls are abundant. The area is drained by several creel~s the most important of which al'C the Bolo, Boong, and Sayaan, all branches of the Bokort and Sayaan rivers. The predominant formations are andesites which are fine to medium grained, and andesite agglomerates, These are jointed, thc predominant direction of joints being NE and which varies to I'll 路 most EW. These are also the strikes of the veins
289
that were found, Thcse joints are cut across by less important ones. Veins and Outcrops:- Sample No, 1 is a grayish quartz vein material about a foot thick, It strikes N 34 0 W and is almost horizontal having an east dip of 10掳. This assays $0.4 1 per to n. Sample No.2 almost massive quartz with iron stains and some pyrites. It is morc than 4 feet thick striking N 33 0 W. It is almost vertical. About 10 meters below this is another vein 3 feet thick striking N 330 E, No sample was taJ.:en from this. Sample No.2 a ssays $0.21 per ton, Sample No.3 is a grayish vein material with pyrites. It is mOl'e than 3 feet thick and strikes N 49 0 E, This veill was faulted, the dil'ection of the fault being S 62 0 W, This assays $0.31 per ton. A good stand of pine trees form for the most part forests from which lumber for mining purposes may be obtained. There is also an area of high altitude forest but the trees cannot very well serve the purpose a s they are composed mostly of stunted trees. Water for mining may be obtained from the creeks, but it is doub t ful if the amount will be enough so that the utilization of t he Sayaan river is recommended, The Eastern /togon G1'o!tp:-This gl'OUP of 43 gold lode claims is located in the sitio of Soybu, barrio of Banao, municipality of Hogon, sub-province of Benguet, Mountain Province. It is bounded on the north by the Santa Group, n il the east by Yangyang rice field and public lands, on the south by the Agpao Group and on the west by the Binga rice fields and Bias Cogney. This property can be reached by automobile from the City of Baguio via the Itogan road as far as the fourth gate adjacent to the property of the Twin Rivers, Inc, From this place a trail on the north bank and parallel to the course of the l'iver is followed up to the group. This di stllnce is about seven kilometers. The area included in the property is in the Cordillera Central of Luzon in a region of young topography. The valleys are steepsided and V-shaped. The surfacc configuration is rough with an average relief of more than 300 meters. The important high points are the Soybu, Bingaan, and Inuman. The area is drained by several cl'eeks which are branches of the Agno and the Bedeng rivers. The creeks are swift and abound in rapids and waterfaUs, The most important are the Soybu, Bedeng, Dalangan,
290
THE COM ME RCIAL & INDUSTRI AL MANUAL
Ysngd ian, Su lip apa, Kamu ndi nga and Dangas. The courses of the s t reams in t h is regie ... is controll ed by joi n ting in t he rocks. A ndesite is the main roc k fo rnmtion. T his is well-jointed with N E as t he pr evalen t direction of join ts. From observations outside the property but adjacent to it-on t h e banks of the Antumok river, it appears that the a ndesite flowed on the diorites None of t he lattcl' rock fOl'lnation, however, was found in the IH'o perty. A small urca of baked sh ales ill contact with the andesite was rec('g'nizcd. Di astrophic monuments is partly responsible for the badly broken nature of the country rock. This is evidenced by the presence of slickensides. Veins ami Ontcr01Js:-Sampie No . 1 is bluish quartz which form a vein of irregular th ickness. The bearing of this outcrop is S 12°E. The sample assays $0.10 per ton Sample No.2 is 0 the sa me material as sample No. 1 was fou nd in the up pel" pa,·t of t he creek where No.1 was found a{ld has t he same d irection. It may be the continuation of the outcrop of No. L This assays $0.31 per ton. \ Sample No.3 is of the ame ch:lL"actcl'istics as Nos. 1 and 2 with a beari ng ~f S 330 E. It is mor e than three feet th ick and is f a u lted. The country rock is badly br oken . This sample gives traces only in the assay.
Sample No.4 is a whi te massive qua r tz with a n EW str ike. It is more than 4 feet a nd gi ves traces only in the assay. Sample No.5 was ta ke n f rom a stdn ~el' a nd ussuys $0.51 pel' ton. Sam l)le No. 6 is w hite q uartz from a small opencut in Soybu. It is llh feet thicl: st!'ikes N30 0 W and assays $0.4 1 pel' to n. Sa mple No. 7 is bro ke n ox idized (Iuarlz vcin material more tha n 3 feet thick. I t strikes N 70 W and assays $0.21 pel' to n. T he pr opcrties of Silao G<lld M:n ing Associa4 t ion a nd Znmbales gold a nd COppCI' IlrOI)Crbics it is expected to be inspe:'wd soon by our cn~inccl's . It is the plan of YOUI' managemcnt to undel'hike intensive pl~Jspecting and explomlion works over said pl Oller ties un der option within 1937 to dcterminc the Ya lue of same. I t is, howeyc!', t he hope of our enginecr that at leust two 0 " t~I'ce groups of the Ill'opel'ties :ne promising lakine- into account that they nre located in mineral region wherei n st. l'on~ mineralization is fou nd , pa,·t: ~': Jarly on VoJunte I'S a nd Eastcl'n i top-,on G,·OUPl". Economical cxpe nditul'cs of fu nds fo r t.hese gold :l:ld coppcr ventUl'es and other kinds of melal will Iv' nalurally observed ::,tl'ictJy by your manllJtement.
LUZON SURETY COMPANY, INC Balance Sheet as at Decembet 31, 1936 ASSl:."TS Cuh on hand, in banks and in agcncies . . Receivables... .. . ....... .. Mortgagc Loans on Rcal Esutc Salvagc Real Euate ( Depn:ciatcd Value). Furnlturc & Fi x tllrc~
LI .... BlLITIES 1) 77,545.90 153.877.36 2}7,588.04 117 .557 .85 1.00
Accrued Tucs. . .. l\'liS('dlaneOu$ Parablcs .. Security Deposits Reinsurance Rcs.c:n·cs .. Statuton' Rc-.crvc Capiu[;' Authorized Fully. FuJly Paid .
I'
6,066_99 19.64 1.21
14,297.6} 105.37452 91 :><47.75
500.000-00 265.000.00 84,642.05
r556,57015
GENERAL PROFIT AND LOSS Year 1936 Claims and Deductions.. I' 52.941.34 Sal;irics, Commissions, Bonuses , and Gencr:1I Expenses. 134,372..13
Dcpreci:t.tion .. Itents, Taxcs, and Fees .. Starotorr Reservc .. Balanec ( Carried to Surplus) ..
2,104.98
13,192.9-1 13,198.20 4O.'}8·H5 1'256.}94.0-l
Earned Prcmiums. Interests. Comminions. etc.
1·2~.394 ,04
PHILIPPINES Negotiation by Acoje Mining Company 1'0 Usc the Road of the Comp:l.ny:-The negotiation wa!; bCg\lll about. May, 1936, nnd at Pl'Csent not yet concluded because of cCl-tnin antagoniz.ing points of vicw of the parties. The: manolgcmcnt of "Acajo" offer Pesos 0.40 pel' ton Duly of chl'omite ore they transport over the I'ond and your management offered instead to exlend the pl-ivilege for
inc.,
a rent of Pesos 100.00 monthly PCI' ki lometer (Acojc will usc about 24 kiiometel'S) . And in view of
t.heir insistent r equest to rccollsidcl' such counter proposition yOU1' ma nagement offered Pesos 1.00 pel' ton transported instead of Pesos 0.40 PCl' ton, but would permit onl y the use of 20 tl'uck£ and t hat the a~l'cel1lc n t will be probational for 6 months from i\larch 15,1937, renewable the r eafter in thc discrelion of both partics, ,«,hat is, in brief, the status of the ne~otiation,
291
YOUt' management and so your Board of Directors arc will ing deeply to meet in an agreeable terms and condition:; with " Acoje Management" in such an iml)Ol'lant matter, and it is Iond!y hoped t hat the day will come for an agreement satisfactory to both parties,
LUZON LUMBER COMPANY Head Ojfice: 896-904 Juan Luna, Manila, PhilChinese-Business; Deal ers and Exporters of Lumber-Esta blished : J une 1, 193 1 ( H ead Office) j January 1, 1936 ( Branch Office) - A utho/'ized Cal)ital: Pesos 200,OOO.OO-Paid Up Capital: P esos 200,OOO.OO- Telcy/·a7J!t: "Luluco" -Codes: Acme-Branch: Benguct Lumber Company-Malluuer: Celso Alaballza-B!Ulk Refe,.ence : China Banking Corporation, ippines-NfttioJl(~lity:
lJYRIC MUSIC HOUSE, INC B~lance
Sheet as at Mareh 31, 1937
ASSETS Currellt Assets: Cash 011 Hand, at Banks and in Tr~n~it . I' \,018.32 .... ccounts Rc<:eh·able ....... 193,.83Z.26 Merchandise I nl'cntorics~ Mmila . I' 65,289.86 Ccbu .. 8,701.38 In Transit 411.16 74,402.40 Investments Manila Academy of Music . Fil.:ed Assets : Real Esta te .. Automobiles .. I' 5,037.00 Furniture "d Fhtllrc:s., ..... 20,201.15 Shop Equipmcnt .. 372.00 Permanent Impro'·cmellt;. 642.65 CUtS and Tr~dc· m~rk5 .. 735.98
uu- Re5tt'·c
Currellt Lh~bilities: Loan ,\lecounts ....<:cept;inces Parable. Accounts Pay3ble .. Accrued El.:penses .. P 171,25~.93
1,000.00
I'
1.00
PI JQ,568.55
Rescrves ReS(rI'e for Doubdul .... ecounes P 24,695.80 Capital Reorganiza tion ( Ad justment Account) ........... 2,325.57 Reservc for Import Ch:lrg~s , Bank, ttc ................. 231.75
I' 27,253.12
----
l'U5,000.00
7,412.32
Other .... SStIS: Deposits ........ Gouic((e Esta[e ....... Di"idends O,·erpaid .. Unel.:pired Insurance ........ Prepaid Supplics ............. Suspense Aceou,\[ ( Claims)..
P 34,800.00 35,255.14 60,359 O~ 154.67
Au [hori zed Capital C.... s Reduced ): Common 5,000 Shar~s of '>5.00 cadI. P 25,000.00 Prderred 2,000 Shares "~f "100.00 each. 200,000.00
--1>26,938.78
lor Depreciation .
LIABILITIES
19,576.46
I'
19, 577.46
Surpl us: Balance u al December ]936. Add ~Profil for three months to date ...
51.4'1 8,7S8.8~
2.nZ.OO 339.23 250,00 330.20
---l' 15,190.00 78,600.00
93,790.00
I' 38,072.84
J.4,l J7.38
52,280.22
12.061 , 75 1'303,89219
CSgd) FLEMING & WILLiAMSON
Subscribed Capir~l: Common 3,038 Sh~res ... Prderred 786 Shares.
1'303,892.19
292
THE COMMERCIAL
&
INDUSTRIAL MANUAL
LUZON THEATRES, INC. Head Office: 502 Rizal Avenue, Manila, P. 1.B1lsiness: Motion Picture Exhibitors- Principals: Vicente A. Rufino, President, Ernesto D. Rufino, General Manager and Treasurer, Rafael R. Rufino, Vice President, Leonardo Abola Secretary-Established: 1932-Telegraph Address: Luztheco-Bank Refe,·ence : Philippine Trust; Philippine National Bank. This company was organized in 1932 for the purpose of operating suburban theat.res. Later, it acquired the rights to distribute and represent the Columbia Pictures in the Philippines. Enlarging the bu siness the company bought, rebuilt and opeLUZON INDUSTRI AL CORPORATION rated the Grand Theatre, and later in 1935, the Head Office; Chaco Building, Manila, P. I.-Fac- company also opened the new State Theatre. As tOI'1l: Tomas Claudio, Manila-Nationalit·y: Amer- of January 1937, the company ceased to represent ican- Busil/ess: Coeo{lut Oil (Crude and Refined); the Columbia Pictures. Copra-Cake; Copra, Meal; Vegetable Shortening- LUZON TIMBER & SAW MILL CO., INC. Established: July 1928-Principals: M. J. Ossorio, Head Office: Malibay, Tayabas-Registered: J. J . Ossorio, Alfred D. Cooper, Shiras M. Jones, October 5, 1937-Ca71ital Stock: P24,OOO.00 divided Carlos de Oteyza, Felix ,intado-Authorized and into 240 shares of the par value of P100.00 eaehPaid-in Capital: Pesos 500~000.OO -Par Value of $1Ibscl-ibed and Paid-in CapitaL: 1~4,000.00-In.cor Shal'es: Pesos 100.00-TeleUta·ph Address ; Luzin- pO)'atcrs: Arsenio Lukang, Jus tina de la Cl"UZ, Lee Son, Go Seng Lee, Cu 11n Kino, Cu Yek Binn, Macorp. \ nuel Cu, Cu Boon Chit and Cu Yak Tiong. LUZON MOTION PICTURE!?, INC'. LYRlC MUSIC HOUSE, INC. Head Office: 250 David, Manila-Business; Head Office; 633 E scolta, Manila, P. I.-BusiMotion Picture Distributors-Permit to sell 3,200,000 1less: Musical I nstruments-Establiehed: 1925; 19S!. -Shal'es Granted; September 13, 1937-Authorized Branch OIficc--Authorized Capital: Pesos 225,Capital; P40,000.00-Par Value; PO.Ol-Subscribed OOO.OO-Paid Up Capital: Pesos 93,790.00-Par VaCapital; P8,000 .00-Paid-In Capital; P2,020.00- lue of Shares; Pesos 5.00 (Common) j Pesos 100.00 C01ll1ltiss!"on Fee; 5% of the securities hereafter sold (Preferred) - A 11n'ual Turnover: Pesos 303,892.19 Pl'Ollwtion Fee: 60/0 of the securities hereafter soJd(31st. March, 1937)-Telegraph: "Music"--Codes Directors and I1tcOl'pomtors: Mateo M. ' Nonato, Used: Bentiey's-Bra1Ich Office: Cebu, P. I._Prin_ Pres.; Maria Matias, Vice-Pres.; Consuelo A. Faroi, cipals: Frank H. Hale, President, F. W. Sigmund, Sec.; Felieidad B. Ocampo, Trans.; George J. Mus- General Mgr.-Ba1l.k Referetlce: The National City ser, Director, Apclonia T. Vda. de Vera, Director. Bank of New York, P. I.
LUZON METAL & PLUMBING WORKS CO. Head Office: 521 Soler, Manila- Registered: August 15, 1935-Term: 20 years-Business: Plumbing and metal-sheet works-Nationality: Filipino -CapitaL Stock: Pesos 20,000.00 divided into 200 shares of the par value of Pesos 100.00 each---Subscribeli and Paid-in Capital: Pesos 6,800.00 alI in property-Incorpo)'ato?'s a1!d Directo,·s: Nemesio A. Sales, Kwong Siang, Pedro Magsalin, Tsabelo Sales and Juanito Sales-Treasure)': I sabelo Sales, 1447 Kalimbas, Manila.
-=~ LYRIC 633 Escolta
MUSIC HOUSE, INC. ===:=::=-Mani la, P. 1.
P. O. Box 274
Band and Orchesrra Instruments • Pianos Accordions • Harmonicas • Printed Music Accessories • Everything Musical Beut/,y Cod,. "M U SIC" • Tel'graphic Addrw: • The H ouse of QUdlity dlld Strlliu
PHILIPPINES MAAO SUGAR CENTRAL CO., INC. Head Office: 407 Perez Samanillo, ManilaNationality: Filipino---Busine8s: Manufacturers of
Centrifugal Sugar-Established: 1936-Authorized Capital: Pesos I,OaO,OOO.OO-Paid Up Ca,.pital: Pe~os 700,OOO.OO- Par Vahte of Shares: Pesos 10.00Annual Turnover: Pesos 2,OOO,OOO.OO*-Branch 0/lice : (Factory) Maaa, Central Dcc. Negros-Principals: Jorge L. Araneta, Pres, and Mgr. Ramon S. ,\raneta, Vice-President, J. Amado Araneta, Sec. and Treasurer; Directors: Jose Yulo, Vicente Carmona. Aguedo A. Gonzaga and Bonifacio J. C. MontillaBank Re/ennce: Philippine National Bank, Manila -Historical Notes: Incorporated in 1918. Began grinding 1920 with a crop of 157,000 piculs and 1933-1934 reached a production of 935,000 piculs. Present quota is S70,~0 piculs. Daily capacity is 3,000 T. or 6,000 piculs. There are about 500 permanent employes and laborers. Entire organization composed of Filipinos. Participation SO % for plant. ers, 40 % for central.
MABAGO GOLD & SILVER M\NES, INC. Hearl Office: Cebu, Cebu-Registe1'ed: October 13, 1937-BusineslI: Explore and evelop Mines of Gold, Silver, Chromite, Copper, Lead, etc.-Nationality: Filipino-Capital Stock: Pesos 600,000.00 divided into 6,000,000 shares of the par value of Pesos 120,000.00-Capital Paid: Pesos 30,000.OO-Incorporators: Emilio Osmeiia, Benito Moras, H. Gasser, A. P. Deen, !--I. Alther, D. G. McVean, R. W. Stramler, I.eo Schmitt, W. S. Burwell and Frank E. Nichols. MABIN I MINING CORPORATION, INC. Head Office: 338 Tennessee, Malate, MnnilaReqistered: September 14. 1937 Authorized Capital: Pesos 30,OOO.(l0-Par Value: Pesos O.Ol-Snbscribed Capital: Pesos IS,OOO.OO-Paid In Capital Pesos 16,OOO.OO-nlrectors and Incorporators: Pablo S. Sison, Dionisio Aiionueva, :\Iarcelino Perez, Perpctuo Zabala, Prudencio Cagampan, Fausta Sison, Pacita Alonso. MABUHAY COMMERCIAL CORPORATION Head Off1'ce: 129 M'.lelle de Binondo, Postal Address: P. O. Box No. 39, Manila-Registered: August 7, 193fi-Tel"Âť~: 50 years-Business: Own, Control, and hold ships and vessels, Cascos, Lorchas, or other boats or water craft of any kind, or any
293
Ma-ao Sugar Central Co. Ma-ao, Occ. Negros
Capacity: 3,000 Tons a day
BOARD OF DIRECTORS
JORGE L. ARANETA President and Gfmeral klattager
RAMON S. ARANETA J. AMADO ARANETA Secretary-Treasurer
MEMBERS
AGUEDO GONZAGA BONIFACIO MONTILLA RAYMUNDO GARCIA TEOFILO JUAN
NOTE : -THE INFORMATION CONTAINED IN THE COMMERCIAL'" INDUSTRIAL MANUAL OF THE PHILIPPINES IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND 15 THEREFORE BELIEVED ACCURATE. BUT IS NOT GUARANTEED IN ANY WAY AND NO RESPONSIBILITY THEREFORE CAN BE ATTACHED TO THE PUBLISHERS OR ANY REPRESENTATIVE THEREOF.
294
THE COMMERCIA L & lNDUSTR IAL MANUAL
- ------'-'--'---'-'--
shares 01' intcrc!>t in ships or vc!>sels, etc.-NatiollalifJl: Filipino-C(,pital Stock: Pesos 100,000.00 divid_
ed into 10,000 shurC!:; of the pUI' value of Pesos 10.00 each- Subscribed Cwpital: Pesos 25,GOO.OO-Ca.pital Poi!l: P esos 12,7fJO.OO-l1lcorporalors 01/(1 Directors: L adislao Dizon, Fortunato Halili, Moises J. Lopez, Manuel Mascuii.ana, Pio ],l~~c uiinna, Rosario M . de Alsua, MIII'in Eusebio de Fr~nco, Paz B, de Ramil'ez, Lui s Lauchengco, Augusto Villunuevn, Gnudencio I. Bunaag, Luis Lopez, Fl'nncisco Lopez and Manuel P. Rosales. (Pio l\\asellfiana, Maria Eusebio de Franco, Paz B. de Ramirez, Luis Lallchengco, Gaudencio I. Banang, Luis Lopez nnd Franci.sco Lopez, arc ineorpo.'::ttol·S only)-1'I'casu1'cl': Moises J. L opez, Manila, P. I.
sell 40,000,000 silaJ'es !l)"(tlltl'd: September 11, 1937/)ircctol'/J ftJl(I hlcOI'IJorutor/J: Fclicisimo R. Feriu, President; Gabrial La 0, Vice-Pres. i Jose Eduqlie, Tl'(!ns\l r€lr; Felix Fel'ia, Gonznlo Puyut, Jose 1\1. 'l'uason, Gregorio 1\1. Bilo.!!, Directors .
CO!llllll..:NTS OF THE Hun~:,\U O~· 1\11NES: Attention is respectfully invited to the !act that the report of examininl: cnvinecl' covers 130 ful! .lnd fraction claims situated in .-\cupan, Hogon, l\It, Province. However, the pnpel"s show thut the following claims have been ll'llns fC!l"l'ed to the Compan)': (A) All 1)l"Operties, real, pel'sonal and mixed o[ the l\l ncnwiwili Gold Min ing Co., inc., including its name and g<.oodwill. 'I'he t ra nsfel'ee at the timc nppenl' io own the following 1)I"Opel'lics: AiABUHAY RUBBER SHOE FAC1'ORY, I NC, Hea(l Oifice: t88 CUlletu, Pasay, Rizal, p, O. ( 1) 47 claims loeated in Aeupan, which wei'" Box 2698, l\Innila-i\o\tiomdity: Filipino-Business: conveyed b~' Vicente Valpi~dad (for himself and II~ Shoe Manufacturers-Established: November 193'1 uttol"ne~'-in-fact at J[ul"iano Picart, Senon Vu]pie-AIIt{w,';z;crl Capitrrl: ~esos ]OO,OOO.OO-Paici Up dad, Casimura Floricndo, Bonifacio Balancia and Cttl'ital: Pesos 72,000,0~PC~ I' Volue 0/ ShUJ'es Pedro Sibnynn), Elisea Generao, and 9 other pel"Pesos O.lO-Telegraph: "l\Iabufflc"-Codes Used: SOIll;' , Deed of conveyance and powers of attol'ney Schofields ABC 5th Edition, 13ent.lcys-Tm{/e-Mtu·!'-: allef!"id to have been exeC'uted by Pedro Ngaosi, B nyuni-Bmnch Office: 206~08 Gan dara; 508-51.0 Dalitjs, and Solat Agu iapno, in favO I' of Baucall Azcul'raga-Principnls: Mr s. G. 8 . Guevum, j\·l gI·.j :ne not enclosed . T here is no document or d\!ed of conveyance PartJIC1's: MI', & l\-Jrs. G. B . Gueva ra, Messr s. Marciano Guevara, Sulpicio GueVlll'a, J ose Marcelo, To- enclosed showing that th~ company owns properties bias Marcelo, J uan Bagazan, Alberto Reyes, Capt. other t ha n t he 71 claims :!bo"e mentioned, It has been certified by the Director of ForesSantiago Guevara; Madames Angela Monttmegro, Cresteta Revilla, Araceli Jacinto-B(mk RefereJlCe: try thaI. the group oi mining claims, k nown as the "Macawiwili Gr oup" of the )tactlwiwil i Gold lIf ininJ! Philippine National Bank. Comllany fa ll s partly inside the Centr al Cordillera MACAWIWILI GOLD l\HN ING & F orest Reserve. I t can not be detel'mined, howDEVELOPME NT CO" I NC. ever , if a ll the 130 claim~ alleged to be ownf'd by f/ c(ul Office: 501-052 China B u nk Bu il ding, t he Compan y a re compri!:led in the said Macuwiwili Manila- Bnl1lch: Baguio, Mt. Province-Na,tionulGroup. Wi t h I'efen mce to the 7 1 claims above ity: Filipino-Business: Gold l\l ine Operators and mentioned, however, t he same nr c not affected as Promoters-Established: November 7, 1933-Atttho- all t he said claims W(:1'2 located and registered 1'ize(1 Cal'itnl: P esos 1,600,000.00; Paid-in Cnpital: prior to Feb. 8, 1935. T ht' rest (59) of the claim:; Pesos 321,134.25-Par Vahte of Shure: Pesos 0.01- can not be commented on AS it can not be determined Directors: F. R. Feria, President, Gabriel La 0, when thcy wer e located, Vice-Pr esident, J ose Eduque, Treasurer, Luis Feria, El'fon> pel'mitting th(> actual Iln),!llent of ihC!" Secretary, Gregorio M. Bilog, Fe! ix Feria, J ose 1\1. above mentioned amount l.LIld accepting the above Tu nson, Gonzalo P uyat-Bmlk Rcferonce: Bank of claimo; as :\~sets of the 'facawiwili Gold l1ining t he P hili pp ine Islands. Company, it is recommcp,led thnt the owners of the claims be req uil'ed to present documents on MACAW IW ILT GOLD MI N ING AND wh ich thei r titles on t he claims a l'e based. the surDEVELOP!\IEN'I' CO. , INC. vey Illan of the clai ms, a nd affidnvits to the ef1'!f1(/cl O/ficf': 301 Cu U njieng Bldg., Manil aA Itthorizcd CCLJJi/(lli=(Ition: Pesos 1.600.000,OO-P a r fect that t he same aTe fr'Xl from conflicts and arc Value: Pesos O.Ol-Subscl·il·ed Cal,ilal: Pe30S 450,- not with in a ny gover nment reserve. and ohm that at least GO" ~ of the capiw.1 of the herein company OOO.OO-Pai!l /II Ca1lilal: Pf'SOS 112,500,00-Pel"lnit to
PHILIPPINES is owned and shall at all times be owned by citizens of tbe Philippines or of the United States. It should be understood tha!: the company, by the purchase of sa id 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 morc than three claims on the same vein or placer ground as provider. by Section 37 of the Mining Act in case it shnuld be decided that the said claims shall be leasel! under the provisions of the new Mining Law (Comlnonwealth Act No. 137).
MACER EN l\JATEOS COMPANY Head Oflies: Santos Bldg., Sta. Cl'UZ, l"'lanila~ Refjistercd: October 5, 1936-Ternl: 10 years, from September 1, 1936-B1tsiness: To Finance, Manage, and Operate, etc.-Nationality: Filipino-Capital: Pesos 8,000.00-C(1)ila!- C01!/J'i /wt ed by e(~cll ]IW路tuC)路 : C. C. Maceren, Pesos 4-,000.00; Joaquin Mateos, Pesos 4,000.00.
295
Bentleys-BaJlk Rcfel'cIlce: People's Bank & Trust. MACONDRAY & CO., INC. Head Oflicf': 3r d Floor China Bank Bldg., Manila - Natio11ality: American-Filipino _ B'lsineBB: General Importel's, Steamship and Ins urance Agents -E8 tablis/~ed: 184D in San Francisco; 1899 in Manila 1910 separated from San Francisco and Incorporated under the laws of the Philippine Islands--Private Limited CompanY-CapitRl & Surplus over P esos 1,000,000.00-1'eleynJ,ph: ":'I1acondray"-Codes: All Standal'd Codes-Bullk Refertmces: Hongkong & Shanghai Banking Coq)., Ch.ntered Bank of. India, Australia & China.
MA CHU CA TILE COM PANY, I NC. Head Olfice: 21 Balmes, Quiapo, l'IIaniia-Re_ yistereri: November 6, 1936- 1'enn: 25 years--B'Usiness: Manufacture and sa le of Tiles, Pipes made of Cement, Artificial Granite, etc.-Nationality : Filipino-Cal)ital Stock: Pesos 75,000.00 divided into 500 orclinary shares of the par value of P esos 100.00 )[ACKAY & McCORMICK\. Head Office: Manila ~Bra?lch: Baguio-Busi- each and 50 prefclTcd shares of the par value of ness: Share Brokers- Established: Februar~' 1st., P esos 500.00 each-Su.bscribed aml Paid-in Capital: 1935-Privat.e Par.tnership be~een ~. W'" Mackay Pcsos 62,600.00; CClsh: Pesos 400.00; Property : and C. F. McCornllck- Telegrapll: "Cmlroc -Code: Pesos 62,200.00-hlcorpol'(ltors a11d Di!'ectOl's: Jose Barbaza Pagt.'l.lo, Jose .l'I1achuca Sanchez, Pedro Cantero Enriquez, Josc O. Maffiotte and Jose i\1a. de Mal'cuida- T"cU8urcn' : Jose O. Maffiotte, 11 Balmes, Quiapo, Manila. MADRIGAL & COIHPANY Head Oflice: 8 Muellc del Bunco Nacional, t>.1anila Srock Exchange Manila, P. O. Box 254-Nationality: Filipino-Business: Coul Mcrchants, Shipowners, Real Estates and Mango Plantations; General Managers for: Madrigal Oil Mills, Rizal Cemcnt Co., Inc., Philippine Cotton Mills and Port Lamon Lumber Co.-Tele. g1'aIIIt Aadrcss: Carbon or l\'Iadrigal-Codes : Bentley's Completc Phnlse, Bentley's 2nd Phrase, Boe's, Acme, Scott's, A.B.C. 5th edn., A.B.C. 6th edn., Universal Trade Code, Western Union 5 letter edition, Buenting's Codc 2nd edn.- Gel!eml MaliaGORDON W. MACKA\' C. F. MCCORMICK gel': V. Maddgal - Established: 1!)03-Bu1Ik ReleJ'ence: National City Bank of New York; Chartered 34 Eseolta Bank of India, Australia lind China; Bank of the Telephone: 2-15-57- 4 Lin es Philippine Islands; Philippine National Bank. MADRIGAL OIL MILLS P. O. Dox 2688 Telegraph "Cimroc' Hcad Office: 8 Muclle del Bunco Nacional, MaBAGUJO OFFICE nila, P. O. Box 254-F'ac:tm'Y: Cebu, P . O. BOll: 14.1Nationality: Filipino--Bllsincss: Copra Merchants; BUENO BUILDING M3nufacrurers of Coconut Oil; Copra Cake-G~meml Manttgers: Madrigal & Company-Telegra11h AdTelephone: 38-290 dress: Carbon or Madrigal-Co(les: Bentley's Com-
==MEMBER5:= = Mackay & McCormick
路SHARE路 BROKERS
296
THE COMMERCIAL & INDUSTRIAL MANUAL
MADRIGAL & COMPANY COAL MERCHANTS • SHIPOWNERS REAL ESTATES. MANGO PLANTATIONS General M anagers For:
MADRIGAL OIL MILLS RIZAL CEMENT CO., INC PHILIPPINE COTTON MILLS PORT LAMON LUMBER CO. GENERAL MANAGERV. Madrigal
NATIONALITYFilipino
HEAD OFFICE ADDRESS8 Muell e del Banco Nacional, Manila P. O. Box 254
Telephone 2-18-26
CABLE ADDRESS: Carbon or Madrigal CODES:Bentley's Complete: Phrase, Bentley's 2nd Phrase, Soc's, Acme, Scou's, A. B.C. SIb cdn ., A. B.C. 6th cdn., Universa l Trade Code, Western Union 5 le iter edition, Buc[][in~'s Code lnd cdo.
PHILIPPINES plete Phrase, Bentley's 2nd Phrase, Boe's, Acme, Scott's, A.B.C. 5th cdn., A.B.C. 6th edn., Universal Trade Code, Western Union 5 letter edition, Buenting's Code 2nd Edition-Gelleral Manager for: Madrigal & Company. COMMERCTAL & INDUSTRIAL INVESTMENTS, INC. Head Office: 85 Maivnr, San Pablo, LagunaReoistel'ed: September 27, 1937-Nationalitll : Filipino---Busincs8: To develop land and to sell the products, etc. Capital Stotk: Pesos 17,000.00 divided into 170 shares of the pal' value of Pesos 100.00 each-Sub8clibed amd Paid'''n Capital: Pesos 3,400.aD-Incorporators.' Cleofa-; Belen, Doroteo Belen, Rosendo Escueta, Bias Velasco, Eufemio Belen, Modesto Belen, Cornelio VcInscD, Sebastian Velasco, Feliciano Alimon and Benito Belen. MAGDALO
MAGDIWATA MINING.. INCORPORATED Head Office: 4th Floor Brias Roxas Bldg., Manila-Regi8tered: November 25, 1936-Tenn: 50 years-Business: Mining, Milling, Concentrating, Converting, Smelting, Treat~g, Preparing for market, Manufacturing, Buying,t Selling, Exchanging, and otherwise Producing and Dealing in gold, Silver, Copper, etc.-Nationality: FilipinO-Capital Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each-Subsc"ibed Capital: Pesos 200,000.00-Capital Paid: Pesos 200,000.00-/ncorporators and Directors: A. M. Opisso, L Coscolluela, J. Amado Araneta, J. Antonio Arancta and Rafael Alunan- T)'easm'e)": J. Amado Araneta, Manila. MAGUINTO MINING COMPANY, INC. Head Office: Room 402 Masonic Temple, EscoJta, Manila- Registel'ed: October 14, 1936-Term: 50 years-Business: Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing for market, Manufacturing, Baying, Selling, Exchanging, and otherwise Producing and Dealing in gold, Silver, Copper, Lead, 7.inc, Brass, Iron, Steel, and all kinds of Ores, Metals and Minerals, etc.-Nationality: FilipinO-Capital Stock: Pesos 500,000.00 divided into 5,000,000 shares of the par value of Pesos 0.10 each-Subscr1bed Capital: Pesos 260,OOO.OO-Capital Paid: Pesos 65,OOO.OO-l ncorpora-tors: Mal'ia Martinez, M. M. Morgan, Jose Nicasio, J ose Castro, Andreas Trepp and Pedro R. PaltingDirectors: W. Ick, E. T. Yu Chengco, Guillermo
297
Rustia, Wilhelm Shccunig and Jose Nicasio-T1"ea.su.rer: M. M. Morgan, Elks Club, Manila. MALAYAN EXPLORATION, PROMOTION CO. Head Office: Manila, Philippines-Registered : December 10, 1936-TeNn: 50 years-Business: Mining-Nat'ionality: FilipinO-Capital Stock: Pesos 500,000.00 divided into 5,000,000 shares of the par value of P esos 0.10 each-Subscribed Capital: Pesos 100,000.00 Capital Paid: Pesos 25,000.00-In. CO)'poJ"ators: V. Singson Encarnacion Jr., G. P. Nava, Salvador Araneta, Serafin P. Hilado, J. L. Ledesma, Pedro Angulo, Jose P. Bengzon, Victoria Lopez, Blandina Gambea, Lucila D. Conde and Purificacion Sison. THE MALAYAN SAW MILL, INC. Head Office: 538 Aviles, 1\-ranila~Registered: November 19, 1935-Tel"7lt: 20 years~Business: Import ing, EXpol·ting; Wood; Lumber, Logs; Building material s-Nationality: Chinese--Capital Stock: Pesos 200,000.00 divided into 2,000 shares of the par value of Pesos 100.00 each-S-u bscribed and Paid Capital: Pesos 50,200.00-/n co)·porators a.nd DirectOI"S: Tan Seng, Tan Pc, Tan Tee, Tan Han and Lucio A. Bonilla-T)·easu.re)·: Tan Tee, Manila, P. I. MALINAO GOLD MINES, INC. Head Office: 208 China Bank Bldg., !l!fanilaRegisteJ'ed: September 9, 1936-Term : 50 yearsBwtiness: Mining Business Throughout the Philippines, and to Secure, Purchase, Lease and Operate and Mining Claims and to Purchase, Erect, Lease, and Operate Milling, \Con~entrating, I'eI~ ducing, Smelting, and Refining Plants or works of any and every kind for Mining, Milling, Reducing, and Refining Ores or BuIJion-Nat-ionality: Filipino -Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 sh ares of the par value of P esos 0.01 each-Subscribed CapitaL: Pesos 200,OOO.00-Capital Paid: Pesos 50,000.00-i1zcoJ"pol"atoJ"s: Timoteo Certeza, Marcos Palad, Conchita V. Certeza, Santiago E. Yap and Benjamin Santos.-Treasurer: Santiago F:. Yap, Manila, P. I.- T otal Snbsc)'iption: Pesos 352,020.00-Paid-up: Pesos 217,887 .50-Board 0/ Di)'ecto)'s: Timot.eo Cel·tcza, President; Dr. Ramon J. Ongsiako, Vice-Prp.:;ident; Dr. Jose F.duque, T reasurer; Santiago E. Yap, Secretary-Member; Dee Hong Lue, Member; l:fon. Manuel A. Alzate, Member-PI'oPI))"ties 01)emtecl: Gold, galena and silver properties in Mal'i r.~uquej Copper property in Antique.
298
THE COMMERCIAL
&
MALO LOS RI CE DEVELOPMENT CO., INC. Head Office: 1\1a10108, Bulaean-Registered: April 16, J935-Term: 50 yeal's-B!tsine88: Rice Merchants-Natio7!ality: Filipino-Capit-al Stock: P esos 20,000.00 di vided into 200 shares of the par value of Pesos 100.00 each-Subscribed alld Paid·in Ga:pital: Pesos 4,IOO.OO-/ncorpm'utors anci D il'.
eetors: Teodora T. de Reyes, Godofredo T. Reyes, Felicula T. Reyes, Tinlo T . Reyes, Com'ado T . Reyes, HeracJeo T. Reyes and Leonor T . Reyes, (Leonor T. Reyes, is a n incorpomtol' only) Treu8/tTer: Felicula T. Reyes, Malolos, Bulnean.
MAMBULAO·BULAWAN GOLD MINING COMPANY, I NC. Hea d Office: Manila, Philippines-Registered: November 25, 1936-Ter1ll: 50 years-B!tsiness : To Search fo r , Prospecb and E):plol'e Orcs and Minerals, Grounds or lodes wit~n t he Philippines and Record the Same Pursuant to the Mining Laws; to Bore, Drill, Prospect and l\'Iine for Gold, Silver, Copper, Platinum Lead, Zinc, etc._Nationality: Filipino--Capital Stock: Pesos 500,000.00 divided into 50,000,000 shares of the par value of P esos 0.01 each -Subscribed Capital: Peso 100,OOO.00-Capital Paid: Pesos 25,OOO.00-I7!corpol'atoJ's and Dil'ecto)'s: Magdaleno C. Pena, Enrique J . C. Montilla, F. G. Martin, Bessie Martin y BriJIante, Manuel Tiaoqui, Semfin Nava, S. O. Lindogan, v'kente Luciano, Mrs. Lui s B. Santos and Mrs. Leono}! de :Moli. (I\lrs. Leonor de Moll, S. O. Lindogan, F. G. Martin, Enrique J . C. Montilla and Magdaleno C. Pen a, are incorporators onl y)-Tnwslu'e)': l\11's. Luis B. Santos, Malolos, Bulacan.
INDUSTRIAL MANUAL (Consuelo L. Velasquez and Conrndo Sollorano. Segovia, Min Solis, Licernio J. Mancenido, Concepcion L. Sian, Natividad Nllrciso, Lnzaro C. Velasquez and Com'ado Sollorano are incorporators only)-T)·easlu·tlr: Marcelino V. Bernardo, Manila. 1'I1AMBU LAO CONSO LIDA TED MINES, IN C. H cad Office: 932 Padre PaUl'a, Manila-Registered: Apl'il 30, 1936-Tel'J)!: 50 years-BIf~ine88: Mining; Operate Mines and Mining Claims and to Purchase, EI·cct. Lense, etc.-Natiolw lity: F ilipino -Cu,l)ital Stock: Pesos (l00,000.00 divided into _SU b8C1'ibec/ C(IIIJitnl: P>!sos 300,000.OQ-Capital Paid: P esos 267,923.74-bl coI· I)Oratol·8 and Di"octOI'S: Eu sebio Orense , Viccnte Noble, Vicente Opeda, CiI'illcn P. Oped .\ and GeOl'geo Angs t--TreasureI': Nicolas Belmonte, 932 Padre Faura, Manila.
MAMBULAO-DAHICAN MI N ING CO., I NC. Heael Office: 715 T. Alonso, Manila-Registered: October 14, 1936-Tc)'lIL' 50 years-Bllsi7Itl8s; 1\'l ininf Claims to Explore, Develo~ a nd Mine. ~aid Claim , and to Carr yon the Busmess of l\'hnmg. Milling, Concentr ating, Con verting, Smelting, Treating, PrepAring for Markct, Manufacturing, Buying, Selling, Exchanging and otherwise Producing and Dealing in Gold, Silver, Chromite, and all Kinds of Ores, Metals a nd Minerals, etc.-Natiollality: FiJipino---Capital S tock; P esos 50,000,00 divided into 5,000,000 sha r es of; t he pal' value of Pesos 0.01 eaCh _Subscl'ibeci C(1)ital : Pesos 10,000.00-Capila i Paid: Pesos 2,500.00-b IC0I'1)o)·U,tOI·S alld Directors; Domi ngo Diaz, Eduardo del Rosario Tnn K iang, Narciso N. Jaramill o, Antonio V. Fernandez, Valen MAMBULAO CEN TRAL MIN ING CO., I NC. H ead Of/ice: Manila, Philippines-Registel'ed,: tin M. Valdez, Vicente V. Fernandez, Felix N. J araNovember 28, 1936-TeJ'm: 50 year s-Btlsiness: millo, (Vicente V. F ernandez and Feli x N. Jaramillo. Mining, ilIilling, Concentrating, Converting, Smel t- are incorporators only) -Treusm'el'; Antonio V. ing, Treating, Pre paring fo r market, Manufactur - F el'nandez, Tayug, Pangnsinan. ing, Buying, Selling, Exchanging, and otherwise Producing and Dealing in gold, Silver, Copper, MAMBULAO GOLD MINING COM PA NY Lead, Zinc, etc._Nationality: FilipinG-Capital hlcol'J)ol'ated ,mdel' tho Laws 0; the PhifillpiJles. Stock: P esos 1,500,000.00 divided into 150,000,000 Head Offioo: 400 Fernandez Building T. Pin* shares of the par value of Pesos 0.0 1 each--Slfb- pin, l\[anila _ Natiollality: Filipino_AuUtorizcd scribed Capital: Pesos 300,000.00-Capital Paid: Capital: Pesos 1,500,000.OO-Directol·s: V. Aldanese. Pesos 150,000.00-l7lcOI'1)O)·ators alld Dil'ectol's: Pres ident; J . Carrero, Vice_President; B. G. Leake, Francis Burton Harrison, I1 defonso Coscolluela, Ra- Tomas dcl Rio, J . 1\1. Shurdut, J . G. Quijano, A. A. mon J. Fernandez, Jose V. Bagtas, Antonio U. AIBrimo, Directors J . G. Quijano, Secretary-Treasurer vir, Consuelo L. Segovia, Marcelino V. Bernardo, _Auditors: Fleming a nd Williamson-Bank ReferMin Sol is, Ligaya Mancenido, Licerio J . Mancenido, Concepcion L. Sian, Natividad Narciso, Lazaro C. ence: Philippine Nationnl Bank.
PHILIPPINES ;\!AMBU LAO-PARACALE MINES CO., INC. Head Office: P. N. Bank Bldg ., Escolta, _RcDiatel·cel: S~ptcmbcr 23, 193G-Tel'lll.· 50 years -Busincss: Mining to Secure, Purchase, Loase, Erect, and Op~rnte ~Iines and Mining Claims and tGl Purchase, Er~~t, L~as~, ;\nd Operat~ Milling, Conc~ntl"ating, Reducing, Smelting, and Refining Plants, or works of ,my and every Kinds for Mining, Milling, Reducing, and Refining Orcs or Bullions-Nationality: Filipino-Cal}itai Stoc!.-: Pesos 500,000.00 divided into 50,000,000 "h,u·es of the par value of Pesos 0.01 caeh-SubSC1·ibed Celpi/at: Pesos 500,000.00-
MA~BULAO
299
Capital Paiel: Pesos 26,240.00-htc01·,)OI·UrOJ"S and Directol"8: Maximo M. Kalaw, Jose J. Roy, Jose Z. Lilian, Enrique P. Custodio, F,·uctuoso Suzara, Consolac ion Domingo and Angel P. Leviste. (Enrique P. Custodio and Consolacion Domingo, are incorpo'·ators only)-Tl·eaSJf1·er: Jose J. Roy, 1379 San Andl·es, Manila. MAMBULAO-SANTA ROSA 1'I"IINING ASSOCIATION Head Office: Manila -Nationality: Fili!)inoAutho}·ized CeI1Jir.ctl: P eso,> 500,000.00 divided into
GOLD MINING COMPANY
Balance Sheet as at December 31st, 1936 .... SSETS Current Assct$: Philippine N:l.Iional BankCurrent Account .. Mine Cuh .. Accounts Rece il'able. Bodega-Materials :md Supplies.. Fi:o:ed Asscts : Land and Buildings .... . Power Equipment .... . Compressor and Fittings .... Assay Machinery 6: Equip. ment.. Mine Cars and Rails ... T ransporraIion Equipment. . . Surveying Equipment .... . and FixturesFurniture Manila .................. . Furniture and Fixtures- Mine. .Mess Equipment ....... . Tools and &j.uipment .. . Medical EqUIpment. .. .. .. . Jackhammers and Accessories Pipc Lines .. .... Ir Lines .. Shaft. .... . . . . Rights of Way .. . Water Resen'oir .
LIABILITIES
Current Liabilities : Accoums Payable .. Accrued Payrolls .. Unpaid Wages. Bodega Reserve ..
) 69,726.48 '577.8'5 918.S2
11,BO'5.'51
l~
8'5,048.68
I>
3,627.84 1,99'5.34 67.40 2,247.62
P
7,93S.2O
Capial: A.1f/hD';~(J-
I' 12,958.00
De,'c1opment .... . Roads and Trails .................. .
g:'~:dt~~nar!:~(n,..~s~~. S~h~d~i~j.:
1'5,COl,OOO Shares of PO.IO each ..... PI ,'500,COl.OO
19,~21.03
1O,'5n.99
In/led anJ S,lh~"ib(J-
1,00Q,OOO Shares of 1'0.10 each . L<"II--CIlis in Arrear ..
1,108.9'5 2,286.49 876.00 142.')0
Mambulao Mineral Developm~nt .. Liability for net ISse tS taken Ol'er under contract dated 10th April, 193'5 pend ing release of 6,000,000 shares in payment of property. Dderred Credits; Intc:re$r Earned. I' Miscellancous ..
149.73 1,113.04 260.2'5 1'5,HO.34 116.01 927.'54 '51'5.86 12'5.01
39099 99'5.00 24.4'5
i'lOO,OOO,OO
69,119.18 76,181.91
867.>0 1,017.00 6O,'51i.77 '1"292,766.06
NOTa : 6,000,CXXl shares of (he par value of 10 centavos each in payment of mining pro' perty arc being held pending release by [he Securities and Exchange Commission.
28,40:1.0J
271,60::l.0J 1l ,79'5.70
221.04 211.12
432.16
300
THE COMMERCIAL & INDUSTRIAL MANUAL
;50,000,000 shares at Onll Centavo (Pesos 0.01) each (or 5,000 units at Pesos 100.00 a unit)-Trustess: Hon. Alejo Mabanag, Chairman, Dr. Alfredo Perez, Member, Sra. De Santos Martinez, Don Silverio E. Diaz, Treasurer, Atty. A. Guzman, SecretaryAuditor and Financial Adviser.- Quirino G. Gregorio C. P. A.-Legal Advisers: Oreta and Rufino, Attorneys.at-Law-Promotel's and Managers.- Penafrancia Mining Promotion and Management--Consuiting Engineer and Geologist: Dr. A. D. A l virBank Re/~ence: Philippine National Bank, in the process of incorporation. The mining industry in the Philippines has recently progressed to a considerable extent and with this awakening a great number of mining associations, companies and corpol'ations have been organized. In spite, however, of this present boom, t he public is still in search for good mines, and in ordel' to meet this increasing demands, the MambulaoSanta Rosa Mining Association has been organized.
MAMBULAO-TAYABAS MINES, I NC. Head Office: 200 F~'nandez Bldg., ManilaRegistered: October 15, 1936-TeT'm: 50 yearsB1tsiness: Mining, Milling, Goncentrating, Converting, Smelting, Treating, Preparing for Market, Manufacturing, Buying, Selling, Exchanging, and otherwise Producing and Dealing in fold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and all Kinds of Ores, Metals, etc.-Nationality; Filipino---Capital Stock: Pesos 1,000.00 divided into 100,000 shares of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 1,000.00-Capital Paid:-Pesos 700.00-I ncorpora.tors: Mauricin Lanting, L. D. Cross, Policarpo Manigbas, S. Capule Cruz, Amado G. Garcia, Mariano Villegas, J . D. Yager and Marieta Roxas-Directors: Mauricia Lanting, Lillian Walker S. Capule Cruz, Vicente Salim and Marieta Roxas-Treasurer: Marieta Roxas, Manil a, Philippines. MAMBULAO LUMBER COMPANY Head Office: 9 Plaza Moraga, Manila-Branch.: Jose Panganiban, Camarines Norte-Nationality: Filipin o--A uthori:zed and Paid_in Capital: Pesos 60,000.00-Business: Timber Merchants; Manufacturer of Philippine Hardwoods; Apitong, Lauan Tangile etc. Timber ConC'essions, Sawmills a nd Planing Mill at San Jose Panganiban, Camarines Norte-Established: September 9th., 1936 in Manila; May 15th., 1937 in Branch Office-Principals: Salvador Araneta President; Gonzalo P. Nava, Vice-President; V. Singson Engcarnacion Jr.} Sec-
retary; Pedro Angulo, Treasurer; Hon. Vicente Singson Engcarnacion, Director-Bank Reference: Philippine National Bank. MA~ALAC-FLORES
AND COMPANY Head Office: 227 David St., Manila-Registered: December 8, 1936-Term: 20 years, from December 1, 1936-Busines8: Merchandising-Nationality: Filipino--Capital: Pesos 25,OOO.00-Capiial contributed by each. partner: L. Rafael Flores, Pesos 500.00; Felisa Maiinlnc y Pinzon, Pesos 12,250.00Manager: L. Rafael Flores. MANI LA AUTO SU P P L Y Head Office: 633· 637 Azcarragn, Manila, P . 1.Business: Automobile Supplies-Authorized Capital: Pesos 166,029.86 (Dec. 31 , 1936) - AmlUa! Turllovsr' P esos 400,OOO.OO· -Telsgl·aplt: "Masco"-Branch Office: 502-506 Azcarraga, Maniia-PrinCi1JQ/.s ; Manuel Lopa, Mgr. & Proprietor-Agencies: Throughout The Philippines- Bank Reference: Bank of Philippine Islands. MAN ILA BOOK COMPANY, INC. Head Office: 121 Escoita, Manila-Branches: 424 and 645 Avenue Rizal : 1416 Herran, ManilaNationality: Filipino-Business: Book and Stationery Store-Established: May 15, 193&-Authorized a1ld Pai~i1l Capitat: Pesos 50,000.00-Directors: L Konigsberg, Mrs. S. Konigsberg, Isidore Reich, Rernand Leano, K. Nathan-Branch Stores: Reliable Book Store, 646 Avenue RiZ:lI; Rizal Book Store, 424 Avenue Riznl; The Reliable Store, 1416 Berran (Est. about 1927)-Annual Turnover: Pesos 96,112.46-Bank Reference: Philippine Trust Company, BALANCE SHEET AS OF DECEMBER 31, 19}6 RESOURCES 1'48,895.70 4,231 .50 Furniru res and Fixtures . 1,978.6} Accounts Receiuble .. 400.00 Cash on hand . . 35.90 Insurance.Unexpired 9,(XX).00 Goodwill .
Stock. of Merchandi~ .... .
1'64,541.73 CAPITAL AND LTABILm.ES Phil ippine Trust Co ... .. . Accounts Payable .... ' .. .. .. . Accrued AdvermemelH Pa~·able. Accrued Salules Payable .. Accrued Tues Pal'.able . Capit.al : .
Caph.al StoCk... .. Profit .and Loss... .
l' 2.80l.n U,2S6.55 161.00 224.36 406.62
1·~,(XX).00
1,}}8.57
48,661.4)
1'64,'j.41.7)
PHILIPPINES
MANILA CORDAGE COMPANY MANUFACTURERS OF ROPE AND TWINE OFFICE AND FACTORY Cristobal and Otis, Paco, Manila, P. 1., P. O. Box 131 Cable Address: "MANCO" OUR
EXTRA SPECIAL TOW LINE CR 0 W N . BRANDS. are JtandardJ of Qttality for
PURE MANILA CORDAGE.
All rape! teJted for
STRENGTH & DURABILITY
"THE ROPE THAT SERVES THE SHIPS OF THE SEVEN SEAS"
302
T HE COMMERCIA L & INDUnRltl L MANUA L
:MAN ILA BU ILDI NG & LOAN ASSOC IATION' Head Office: Kneedler Building', l\Ialliloi~BIISi.
ness: Mutual Building and Loan Associat j on-e'~(',b . [isl/eel; 1904; The oldest bu ilding and lonn tlssocintion in the Philippines, and estnblishcd iJefore the enact. ment of Coq)ol'ation Law in the blands-PhillciJJals: E. E. Elser, J . W. Fel'ricr, Conrado Benitez. P. D. Carman, John R. McFie, J r. , Alfredo Hoensch, T. M. JOl'dUll, 1\1 . Pefln, SCCI'!!tul'y-T I'CnSllI'Cl'-Authori::ccl Capital : Pesos 5,000,000.00 j P(!ill-in Cc~})ital : Pesos
2,807,400.00; Par. Val"8 of SIl(lres: Pesos ZO.OO-Rcsel've; Pesos 22,192.92-Dividcltcl: 7',_8(/111.: Refer-
ence: National City Bani, of New York .
---
MAN I LA BU 1'T ON FAC'J'ORY, I NC. Hcad O//icc; 路160 Dasma l'i iins S t l'(~ct, Manila . P. r. Box 'lG7-/J1I8;lIe88: Mnnufaclul'crs of Buttons, Novcltics, etc. from Mothcr-of- Pcal'\ S hclls-pl'iu_ cip(t/s: E, Vicgclmann, President, E. Ga i ~cr. ViccPresidcnt, II , ViIJgelmllnn, 1'rIJaSUI'er-Esfnu/isbcrl: 19 17; ineo l'[)oratcd under t.ilIJ Laws of the Phil iP I)inc in Copilfll Pcsos G,I,OOO_OO_Pco' ' -(I/ue (1/ SII(o'clt: lslands-Aullwl"izecl Cal)i/a/: Pesos 100,000.00; PaidPcsos 200.00-A 111/1101 T,tI"1/()vel': Pesos 200,000.00Tdegl'ltJ)h: "i\fan button"-/Jcmk Rejc,'cucc: Phil ippine National Bank,
WHAT IS CIRCULATION? Is Is Is Is
it the number oj papers printed? NO.' it the number oj paper.r distributed? NO.' it Pfe number oj papers sold? NO.' it the number oj pape)'J sold and
read? ---+------~----- YES'
Circulation is the backbone of all form s of advertising -and should be ca refully analyzed, no matCer w heth er you intend using daily newsp apers, radio, posters, hand bills or prog rams.
THE MANILA DAILY BurJ.ETIN goes inro 48 of the 49 provinces in the Philippines, reaching responsive, abJe-tobuy fa milies f rom J 010 ro Aparri.
Remember - - - there tS no substitute j or PAID AND READ CIRCULATION - - - and the Bulletin has ;t Fi!Sures on request.
303 MANILA COHDAGE COMPANY flcttd Officc: Cristobal & Otis Streets, Manila, P. 1., P. O. Box J3t-BnOlch: Sa n .F I路ancisco--BlIsi1less: Manufactlll'et's of Manila Rope and TwinesEstablishod: 1!)22-PI-incipttls: H. P. Strickler, Prl!sidC'nt, H. D. Nichols, Vice-President., C. A. Cal'tel', SC!cretary-Capital; Pesos 1,000,000.00-Telegl'fl'llli: Manco-C(OIk Reference; National City Bank of New York. The Manila Cordage Company, under Amcl'il!an supervision, opel'ates a modcrn factory equipped to (ulfill the demand (If the many diversified industries and activities in which cordage finds a place. Located as they are in the Philippine Islands, their buyers are in n position to purchasc selected hemp from the world's f inest hard fiber plantations lind meet best t he need of t.he many and val;ed types of cornage and hard fibe.t路 twines specialized in. Modcrn maehiner,y, operating under the watchful eyes of ex pelt rope maKers, helps supply the need of the world's demand for towing hawsers, transmission of power l'ope, well drilling cable, fisherman's rope, agricultural rope and hard fibre twines for every purpose. Coincident witH each operation during the process of manufactill'e ~'e the tests carried out to insure that the high qual'ity established for Manila Cordage Company products will be maintainC!d. Since their incorporation in 1922 the Manila Cordage Company's tenitory for distribution has extended to all parts of the world, and their r epresentatives wiII he found in all the principal ports of
MAN ILA
"Ai1tCh.
H ead O//Ice Ma Bagulo---Na_ Amel'lcan-BUs11 8 ally Newspaper_ Establis/~ed 1900 In Maml ~O in BaguioAutJlorlzed C芦,/)ltai' Pesos 500,OO~ Paid-ill Capital: Pesos 200,000 00-Pal Val1(W'JJ.shares; Pesos lOO.OO-Ann/tal 7'w'1Iovel': Pes~~nO--Re_ serve: Pesos 85,OOO.00-Dividend: 20~~nt颅 Principals: Carson Taylor, Publi shcr and ~1!i~'~ tj Roy C. Bennett, ViC!e-Pl'esident nnd Treas TelegIYJ,ph: " Bulletin"-Code: Bentleys-Banl..' ferellce: National City Bank of New York. tiOlIaf1ty
Th is institution operates the oldest existing newspapel' in the Philippine Islands, having been founded by MI'. Car son Taylor in 1900 and incorporated under the style of Bulletin Publishing Company in 1912. MANILA! ELECTRIC COMPANY Hea(l Office: 150 Broadway, New York CityBTanch: 134 San Marcelino, Manila-Nationality; American-B1lSiness: Electric Light and Power Plant Operators; Street Cal' and Bus Tl'ansportation-Pri71cil)als: J . C. Rockwell, Vice-P residcnt, H. P. L. Jollye, General Manager, E. J . Deymek, Audi tor, R. I. Gilliland, Electrical Manager, J. A. Tho-
MANILA ELECTRIC COMPANY 134 San M arcelino St.-Manila, Philippines
Furnishes Mauila and its suburbs with electri c service, street car and autobus transportation. Operates 18 provincial electric plants in Central and Southern Luzon. Cable Addms: MANILALECT
N,w York Ojji,,: 150 BROADWAY
304
THE COMMERCIAL
MANILA GAS CORPORATION Com plete Gas Service
HOME COMMERCIAL INDUSTRIAL COOKING HEATING REFRIG ERATING APPLIANCES
COKE COAL TAR PAINT
PLANT: Calle Otis, Paco, Manila DISPLAY ROOM: 136-138 T. Piopio, Manila
MANILA PHILIPPINE ISLANDS
&
INDUSTRIAL MANUAL mas, Gencl'al Superintendent, A. B. Tigh, Advertising Manager-Invested Capital: $28,000,000.00TeleUI'Q;ph: "Manilalcct"-Cod6s: General Telegraph. On March 24, 1903 the Municipal Board of the city of Manila granted to Mr. Charles M. Swift, a franchise to operate an electric street railroad and to furnish electric current for light, heat and power in the city of Manila and its suburbs. Raising the necessary capital in America and Europe, Mr. Swift formed the Manila Electric Railroad and Light Company. The new company contracted with J. G. White & Company of New York to construct the system, and Jater to act as operating managers. The old Spanish horse tl'amway company, "Tranvia de Pi· lipinas," and the electric light company, "La Electl'icista", were both purchased. Service to the city of Manila was continued through the old " La Electl'icista" plant until a new power house was completed in 1904 In April 1905 the present electric street railway system was inaugurated. The Manila Electric Railroad and Lighting Cor· pOl'ation, the Manila Suburban Railways Company, and the Union Tl'uck Company were operating companies in the Philippines prior to 1919, when the Manila Electric Company was incorporated. From 1919 to 1921 the Manila Electric Company operated these three companies under lease and in 1921 the assets of these compan ies were sold to Manila Elec· tric Company, and the other companies were dis· solved. In 1925 the Associated Gas & Electl'ie System acquired control of the Manila Electric Company, although J. G. White & Company continued as ope· rating managers. In Hl27 the Company began to expand its ligh t and pow!.'r service to the provinces, and purchased various isolated plants. In May 1931 the Company's hydro-electric plant at Botocan was completed and put into service. This plant has a capacity of 17,000 kilowatts and is connected to Manila by a 66 mile 110,000 volt transmission line. The Company's steam generating plant at the present time has a capacity of 29,500 kilowatts. The Company operates 18 plants located throughout the island of Luzon. The total capacity of all plants is 48,600 kilowatts. Including the Botocan line, the Company operates 1140 miles of transmission line and 39 outdoor substations. The progress and expansion of the Company is best indicated by the
PHILIPPINES fact that today it sel'ves approximately 120,000 customers in comparison with 3,000 customers in 1905. The Transportation Department has kept step with the other branches of the services and today operates 125 buses, 109 passenger street cars, and 10 trolley buses as against approximately 55 street cars in 1906.
MANILA GAS CORPORATION Displa'b' Room: Fernandez Building 136, 138 T. Pinpin, Manila- Post Office Box 1483-Plant and Main Olfice: Calle Otis, PacO-T81egraph.: "Gasworks". Controlled by The IslanGs Gas and Electric Company, a subsidiary of Consolidated Electric ~nd Gas Co., 26 Exchange Place, Jersey City, N. J.DircctO'rs: L. C. BI'Bdley, New York, N . Y., President; A. Hoyer, Manila, Philippine Islands, VicePresident; Wm. Scheunig, Manila, TreasurerProcess manufacture, ~al gas, water gas; Coal carbonized. 9,831 short tons; Gas oil used, generator fuel, 687,805 gals; Coke usN!. as water gas generator fuel, 2,720 short tons; co\1 used as water gas generator fuel, 406 tons; Railer fuel used: Oil tar 27,037 gals.; coke, 236 short tons; gas oil, 1,502 gals.; Annual prod., coal ~as, 118,391,000 cu. fit.; water gas, 224,723,000 cu fit.; By-Products made: Coke, 5,716 short tons; c031 tar, ] 24,702 gals.; oil tar, 196,737 gals.; Calorif!c value, 608 B. t. u. coaL 473 B. t. u. water; city g'1.~, av., 562 B t. u.; Gas holder capacity: Storage . 600,300 cu. ft.; l'eli<:'i, 60,000 cn. ft. Gas transm;~sion lines, 16.85 miles; eq. 3 in.; Street mains, 18?42 miles; Annual salesl 334,571,000 cu. ft.; Sale..; divided: Dom., 56 0/0 ; Indus., 10 % com'L 34 %.; No. services in ground, 17,138. ; Pop. dist. supplied, 430,000; of city, 380,000.; No. meters; Dam., 11,382' pt·epay., 2,390; Indus., 507; com'\. 856.; Residual salcs: Coke, 1,007 short tons; price, 31 .08 pesos; coal tar, 144,413 gals., price, 25.45 pesos; oil tar, 145.749 gals., price 21.32 pesos.; Price of gas: Consumption charge: First 100 cu. meters, .155 peso pel' cu. m.; next 300 cu. meters, .14 peso per cu . m.; next 1,600 cu. meters, .12 peso per cu. m.; over 2000 cu. meters, .10 peso per cu. m. Minimum monthly charge, 2.00 pesos. Prepay, same Effective Aug. 1, 1932. Note: 1,000 cu. m. are the equivalent of 35,314 cu. ft. One peso is the approximate equivalent of 50c. A rate of 0.12 peso pel' cu. m. is approximately $1.70 per M. cu ft.- Unite sales of gas appliances f~ Ranges, 633; hot plates, 1,395; gas-operat~
,oJ;,.", ••• ,,,.,.,,,,,.
JO,
ed refrigerators, 274; automatic storage water heaters, 79; instantaneous watel' heaters, 261; gasheated irons, 817.; Supplies Manila, 13,165x; Pasay, 1,104x; San Pedro Makati, 98x; San Juan 536x' Paraiiaque, 118x; Caloocar. 144x. " MAN ILA GARAGES AND TAXICABS ASSOCIATION (MAGTAXAS) Head Office: 967 Dakota, Manila-Registered: ?~a.rch 11, 1936-Term: 50 years-Nationality: FiI!pmO-hlCOI'POTa.tol'S a.nd Di"ectol's: R. H. P atteson, Vicente Marasigan, Jose Zamora, Eduardo Fargas. Manuel Gonzales, Miguel Orbeta Fortuna_ to. Halili, Leon M. Santos, E. Vesnan and Domingo Vital. (Fortunato Halili, Leon M. Santos, E. Ves_ na n and Domingo Vital, are incorporators only). MANILA HOTEL COMPANY ..He~d Office: Manila, Philippines-Nationality: Phdlpplne Government Controlled-Busine8s: Hotel Opel'ators-Dil'cctfJ)'s : Rafael Alunan, Arsenio N. Luz, H. C. Anderson, Douglas MacArthur, H. M, Cavender, Jose Paez, 'romas Earnshaw, Benito Razon, Carlos P. RomuIO-O//iceJ's: Jose Paez, Presidenfi a~d Chai~'man of the Board; Douglas MacArthur, 'vlce.Presldent and Treasurer; Francisco Mendoza, Secretary and Assistan t Treasurer_ M.anau inu O//ic~rs: HUOO1·t C. Anderson, Managing Dlrectol'; FranCISco Mendoza, Assistant Manager_ AllditlJr: Paciano Dizon- Established: Built in 1912 and owned by Private Individuals and Firms; in 1919 The Government purchased all Outstanding Shares and now controls 97 % Stock- Telegraph. Addre88: ManhocO-Bal!/,. Rc/e/' cnce: Philippine National Bank; National City Bank of Ncw York; Bank of the P hilippine Islands. The general business trend of the country during 1936 unqucstionably showed a decided improvement which I'cached the bcst level since U129. The hotel busine!;'s obtained its share as evidenced by the increased volume of trade throughout the year and indications are such that this upward rise may continue for some time to come. Unlike the previous years when the major hotels in the city depended to a gl'eat extent on tourists and commercia1 travelers from abroad, in 1936 local trade played a big part in the bus iness life of these hotels since the mining boom started eal'l~' in the year. This was particularly noticeable dUring the usual slack months when provincial visitors to Manila increased considerably and catering business ex<'ceded prcvious years' records.
THE COMMERCIAL & INDUSTRIAL MANUAL
306
Comparutive statistics !;how that during the slack period (April to September) last year, business increased from two to six-fold, registering unprecedented profits for those months, whereas in 11I'cviolls years the Company pl'actically covered the operating expenses only or sustained big losses. Ta1.:ing t he banner year 1929 1\5 an illustration, the Company showed a loss for the month of J une, while the combined net p r ofits fol' the six slack months amounted to only P37,130.36. 011 the other hand, in 1936 the total net profit for the same period reached the record amount of 1)62,095.89 and no loss was registered for any si ngle month. The outstandtng f.eaL\ll'~ of 1936 operations was the \lnusua!1y JU)'ge gross income derived from resunln'lIlt business which excelled all previous records. No doubt the constmetion of the Oak Room, an nir-eond~tioned private dining-room, has proven a great success, not only as a delhthtful ami comfortable plac;}vor holding parties but both as a source of revenues 'and as a place of distinction which nttl'aets high-class patr onage. Likewise, t he improvement of the dining, pavilion and extension of its terrace made it possible to accommodate more people and served a lso as nother attraction for diners and pavilion patr ons. In spite of the heavy financing involved in the construction of the one-million-peso air-conditioned annex now nearing completion l the financial condition of the Company remains stable. With the present cash ouUay in the banks the Company will be able to complete and fully equip the enth'e annex without the necessity for outside financial assistance. PROf' IT AN D Loss STATEMEN T The total gross revenues for the yeal was 1l978,S 12.67 as compared with 1'909,675.51 for 1935, an increa!'e of 1'69,137.16 01' 7.60 pel' cen t. This was principally flue to t he substantial increase in poth guest r egistration s and catering business during the year, a s a lready mentioned hereinbefore. H ereundc\' ure shown the comparative depar tmental gI'OJ':!,; r eceip ts fOI' 1936 and 1935: RECEIPTS
0""" ...,
Roo",,· •.
R.... """o ...
Mua Bo:. ____ " _.. . S«vi(. lb. ( ».vili ....) .. . o.~"
R.«ipu .. Taul
""
1'171.!IIJ6,96
IUJ
r U6,}lo.n
+ -
I_'~"
DKtm'
+l7.296.1~
lSllMO.S2 1I0.}19.17 1}}.706.H }4.168.J.1I
+ll.f!O).n
"971.81167 rm.671S1
+69.117.16
»1.~.11
11)01.18)66 17 ~ . l)6.81
ll.9ll.0l
..
p, "", II 07
9)11
_ 9.24}.)1
II 14
+18.6)0.)9 - 1.}41.l}
II 96 )9)
7
(00
The total operating expenses for the year totaled P788,481.85 as compared with P732,414.90 for 1935, an increase of P56,06G.95 or '1 .66 pel' cent,
or P13,070.21 less l.han the increase in gross receipts. The table below shows the eonlparative departmental operat ing expenses for 1936 a nd 1935: EXP!l.NSES
D.p"",oJ
IUj
Roo",,' ....
R.... ....,. ... Mnn Su .. .....
Sc,v;« 0.. (I',vlh.... ).. Eml''''!'''' Banu."
I t"
"2.l6,£167.j6 "lOl.OI\l 0) )lUOUI m,919.70 79.116-49 81,}1O-I)6 1~9.)9)61
"au.
il7,)I),1I
+
JO(t~""
- o.a""
+n,60S})
+18.88-148 - 1.loO)S7 +11.860.51
+ },CIOO.oo
p"
"",
6 16 9 II lU II ~
100 00
T".. !..
The illl'lrel\sE. in operating expenses consisH. mainly of the increases in p rovisions consumed, depreciation of furnishings and equipment, income tux, music aJ! d enter tainment, generul 0 1' administmtion expenses, and' the bonus given the hotel employees, all of which nm('lunting to over 1'52,000.00. J ~ .may be stated that t he increases on iten\s Pl'OYISIOnS consumed" and "music and entertainment" were mel. a nd j ustified by the increase in g l'oJ':!\ income, while the depreciation c h a rge~ were on f urnishing and equipment acqui red during the year, most of which, however, have not been aet.uall" used until t.he pI'esent year . The income tax creaJ':ed ]00 pel' cent as provided for in the new law. The expenses for the five-month trill of the Managing Director to the United States as au t.hol'ized by the Board, the fu ll year operation of the Manila Hotel Travel Bureau, as well as the bonus g ranted the hotel employees, may be regarded as extl'aol'dinRry expenses against 1036 opel'ations under gener al or administration expenses.
"
i;-
The net profit for the year amounted to P100,330,82 as compared with P1 7'1,260.61 net prt.fit for 1936, an increase of P1 3,070.21 01' 7.37 per cent. With the exception of t he year 1929 when the Company realized a ,'ecord profit of P19S,061.18, the year 1£136 was the best si nce the opening of the hotel and could have easily made over P200,000.00 mark h ad it not been fot' the extraordinary expenses mentioned in the preceding paragraph . 1)!PIlO"";MENTS A~D Bt.."1'TER:-'I EN TS
DIll'ing t.he year severnl majol' projects in the improvement progl'am of the Company were carried Ollt. The construction of the new concrete annex a!\ nn extension of the wing facing the bav was started in February ancl will be completely fini shed about April of the present yea r. The entire building, including the air_conditioning system , all equipment and furni shings will cost approximatel)' nl'oum! PI ,000,000,00.
PHILIPPINE, This new addition being entirely air-conditioned ;md equipped wilh high-I路lass furnishings and equipment, the accommodations offered therein undoubtedly can be compared with any of the first-class hotels abroad, pP.l'iiculudy in this part of the world. There lHC nine 3-room de luxe suites, bes;des the Pent House or Presidential Sllitc. in differcflt !ledod and moderll decomtions. With some alterations made in the origimli plans, the new anllex when fimll!~' complded, will provide the following accommodations; On titS GJ'oltJ!d Flool'One large banquet hall-ballroom with ioggill and reception room, smon private dinning-rooms, a modeI'll barroom, de luxe ladies' r est room, gentlemen's room, check room, ten'aces or pllim court in front of the addition Ilnd adjoining the present pavilion, and basement lll'oviding space for storing furniture, baggnfe, and wine cellar under the barroom; On the Mezza7!il!c Floo\-Six bedrooms, one banquet I'oom, the balcony of the banquet hall-ballroom, and a small ladies' room; OIl the Second FloorThree three-room de luxe suites (Louis XVI, Chinese fmd Modern) a nd ten standard bedrooms; 011 the Third FloO I'Three three-room de luxe su ites (Modernistic, American Colonial and Filipino ) and ten standard bedl'ooms; On the Fourth 1"100),-
Th ree three-room de lu xe suites (Spanish Renaissance, Nco Olassic and Old English or Jacobean) and ten standard bech'ooms; and On the Fi/tlL 1"100)'One de luxe Penthouse or- P residential Suite consisting of one principal bedroom with connecting bedl'oom-boudoit路 and balcony, three guests' bedrooms, also with balcony, one large librllry (Spanish style), one private salon (Louis xvr style), one reception room and one di nni ng-room (both in Spanish style), private roof garden , and one pergola on each side. Total number of bedrooms, sixty-seven, including parlors, all with private baths, besides the other accommodations in the penthouse and on the ground and mezzanine floors.
)07
In view of the undesimble location of t he six bedrooms of the mez7.nnine flool' of the main buildin~ facing Manila Bay, it was decided to include these I'ooms in the ail'-conditioning system of the Bonnex, necessitllting the remodeling of same so as to c(lnform with the standard of the bedrooms in the new annex. The result was t.hat these rooms al'e now as desirable as any of the other rooms as the noise fl'om the pavilion and kitchen has bE-en eliminated by having the same air-conditioned. Because of the inndeC"juacy of the s pace l:nd inco nvenience in operating the air-conditioning machinery in the! basement of the anllex as ol'iginal_ !~, proposed , it was found practical to constr uct a separate building to hOltsc the machinery e'1uipment and the main electric sw itch board panel. This bu ilding' is now know n as " Power House" which, as the plans cOlltemplate, can be extended so as to provide a space for a power plant in case the necessity for the same arises in the future, A pOl'ti,)tl of the real' part of th is building is being utilized now as garbuge deposit which fully answers the pm'pose both in sanitation a nd convenience. An appl'opl"iation of '路10,000.00 was authorized for the construction of this building, Another important project pushed in 1936 was the app'l 'oval of the plan s and specifications for the much needed boys' quarters, work shops and store-rooms, all in one building of two floors-the upper floor to hou se the hotel help, clinic and dispensary, ward fo r sick employees and a study room; the j!'rollnd floor to ])\'ovide boys' mess and kitchen, work shops, storerooms, watchmen or s pecial police station, and a s pacious room for a gymnasium for hotel guests, For this constrllction, the Board of DiI'ectors set aside an appropriation of P40,000,OO sometime la st December. The construction is now going on and is expected to be completed about the later part of April this yenr. Other improvements accomplished during t.he year are: (1) tiling and extension of the dining pavilion; (2) construction of a modern band stand, replaCing the antiquated one; (3) replacement of or repait's to media-aguas around the building ; and (4) overhauling of electric wiring th r oughout the building. In line with the recommendat.ion made in last year's repor t wit.h regard to extension of hotel service in the country, a proposition was submitted sometime last year to the effect that a small hotel
)08
THE COMMERCIAL & INDUSTRIAL MANUAL
be built on Tagaytay Ridge including a golf course. This project is now under considerat ion of the Board of Dir ectors pending t he final outcome of t he negotiation with regard to the acquisition of an a p propriate site in that locality. Tagaytay Ridge
was given preference than Manila pl'inci pa lly because condition a nd magni f icent offering a real combination tourists and local people.
a ny other pl ace near of its better clima tic sceneries all around, of attractions for both
DIlCEMII!lR )1, 1916 t.S COMPARED WITH DECEMBER 11, i9))
""'''
Det<mbc, 11. D<c<mb<, 11. 19)6 1915
u.b... s,O<...... ... .". In,,,,,,,,, Rccc , ••bl. ", ... . To .. l
ClUteO'
A... ,,"
. . _"
Do:f",cd Ch"" and Work in p,,.. ".". .
}1fI.420.4)
1" 791.198.l} I'
~.Sn.70
1O.)S9.51
- 1O.)S9·51
. ..... " . .
To,.l Curr.n. I ....... Wot~
FIXED ASSETS-
uad ... .... . ... .. ~bia 8uild,., ·. u.d·· ... __ ... M' ;a 8uildi.,· ·.
in
\~
t' 81l.6n.&4 t'
~16.21711
!' m.UdO !' ,. lJI.UUO I' HI,lldO !'
3Q1,(l6l. .)5
~~::l~~~": ~04T"';':
ao~.d8.:!O
nl,~l),61
Fo,ai,hin" .nd Eqg'pm,n" "_ ' _" !'8CXl,UU2 lei" A"",rd Do:PO"
-lM6U9
1.00
7,146.08
19,914.70
11.716.12
1,8I I. Sl
Oth" Equ,p."" • t' lUI).1lO Le .. : . Aca1I<d Do:po .. ",""",, " 1~.018. H
8.785.7)
4.ISUI
1'1.714.876,11 I'I.oiO.1I7.98
A<co"a" •• d A« ,urd Le.... hr' .bl... t' SI.77).66 I> !' 81.77).)6
Sl.697.~
1'+ 28,0;6.02
P 51.697.64
r + 28,076.02
11''''''''011 ACCO<Io ..
,ubs<qu..,.ly
col"'".! ....1
INCOME : 11.00l1li Dc!>''''''.n .. , ... . , 11...... ,,", o.!>'<lm.n<" M.'. au Do:"""m,"f ..•
19}} 19)1
+ Iocr.... ", - 0<= ...
I" 27).*16.96 I" 2-«i.l10.7J )9}.46U1 ))9.660.81 t'::: ~ 9.141_SI 1Il,S19.17 1!).I.Ull .M 1}4,))6.SI IS5.'/06.U U,6JO .)9
+
.\aOun . .....
T" •• p"'''''oa
1.46).60
2.4}16)
2.60) .79 16.S15.lS 1I.19!lJ9
1.7004. 16 14.1n.60 14.848.99
+
2U7 100.17 I,Jn.6S }.1SO.60
+ -t' - - - - - - ---971.BIl.67 I"9O\I,61}.) L 1'+ 69.1)7.16
eon ...""".... _ ... Mi... ll.,,<c,., R.""pu . .
f' 6S.lH1)1
14.4011.4)
~~; ~~t: ::::: ... . ~~~ti~~:";~'t~.l.'~: . L":h.r.!uc:~:~:," :: :.
+(Intt< ... )",
ii::"~
&:;;':;.!~ o.:!,"G~,!!;,·" ~"';drT
Comllli .. i""
14.a.4)
IM I1·)S 274.8».09 28.10199 n.lll_SO
.
6.1)96)
ll.7SMI 6.111.4) -«i,G7U4
.
21.0».18 6.l47.94
11. ..1 E..... Tn. u.d.. .. R"I eo.. ", T n . 11IIp"''''''''0,' 8",inco,T... . . .... .. .... ..
U,coo.oo 6.)96,61 4.)}4.1I 10.6...... 0 4M 19·SI 171,ll1,00
Inc"m.Tn ...... . ... . M."" and 1!<J""Jlomcnu. C.", ... l E2p«'1l<.
r
64.6119.11 11.811.14 U,811 .24 20.87).)6 lSMII.48 16.414.48 11,812.00 B.2&6.4S 11 , S8L79 6.201.00(> 4),8}1 .....
1'+
+ +
1)2.45 1,587.21 1,587.19
' M.u
::: Ir:~~ut
,~'"
+ + +
1l.»I 9) 6.)47 .94 11.000.00 S.7B).27 4.nO.00 1.798.17 010.2 98.81 160,lI).l1
1.41&.Sl 1.l69.72
760)
146,46 8.7H.2$
+ 611 .15 ::: 4.88~:~~ + ).221.00 + 11.487.69 + },OO).OD
~,oco. CO
Toul E'1" ..... ........... _ -. Pron, 10< ,h. Yu, c..l1ird '" &. !. a", Sb.... .
I" 7&11.48I.U ,. 7)2,414 90 1"+ 16,066.95
r
1110.»)0.&1 I" 177,l6O.61
".
,,+ 1)P7OJ.1
DEPARTMEt.T lNCO~IE AND EXPENSE STATEMENT ,-~
E,,,..,.
",,"
...
1"11l,806,96 ,.216,1)67 ·16 I' )7,719.40 11.00111' ... . .. )4.660.0) 0)&,804.18 )9}.4&4.21 1I.........n ... . ~,067.1 7 1!).I,18).66 79.116.49 !>bin &r. 24,94}.1P H9.)9}.61 174.))6.81 50,.;« Bot.... " " ...... .. Co", .. ,..,,,,, OIl G_u' r....",,2.46).{(I dry A<o:oIIa, ,' .. _. _.... . .. 2.-«i).6O
oa T"ulJpCI<'"
"OD Sen",.. ........ . .
r 900.0».00 I' 900.0».00 r P9lO,on .98
". ,,~
Co~mi .. iOl:!
!'IOO.CO)_.. . SUII.PWS-
+ 19O.4U 11
PT I 9O.H1.~ 1
DETAILED COMPAII.AT1\'E I'ROFIT '" LOSS STA"JEMENT FOil. THE YEAIIS 19)6 AND 19J1
Cance.li"...·' ... . . Mi.'cJl . o<ot>.lI.ec.ip......
Co!;.~ ~::~••I."p.~
930»77 .98
.• r1.l02,197.1) 1"1,&8).771.62 !'+l.IS.SlI.S1
y,.
+1110 .. 1< 0< - D<c.....
PROPR1ETORSIIJP
Add : Proli. for 'he You 19}6 t' 19O.HO.'2
U14.)4
P +64~.'S8.74
UABIUTlES o.uml><,)1. Dc"""I><, }I.
s..l.occ, }.n. I. 19J6.
To .. l L!.blli.... . n<1 WOllb .
BooWoe<' • •. •
+
-- - - -- - ---P1.IOl.l97.H "1.18).775.61 r+118.)1I.))
To .. l A..c .. .. ..... .
I.UO.~U H
- -- - ---- - - - - - -- - - - - - - - P", .. nc .. 1'2.010.12)49 P I.83O,on.98
L".""'T.. ..
t' 27.160.78
To.,1 F, .. d M ......
.c
N« I\',,«b"
~~~~:::: "~r~~~f.hin'. "'~j £qu''''"ea ..··.... ... .. ...
+ )~.1l7 . 15
Rdrl8."uioa PI,., ,, len : Accru.d Dol'''' "'..,oa "
w"<r,-<lppll.. -Cond.mntd.-<Hb<t
190.44).11
Wate' •• <1 s.w<t • .••.•
86.116.05
1560.198.1.2
}.01O ~
UUQdry"'... . • .. Td<pboo. Ch"se.. ...
1oI0 .6H.1O
, i ..,,,,,"
t1l>"''
S.l.., •• • n<l W..... . .
+f;lI.8"ll.66
621.11~.66
pon< r Bu ild"r . t' 191.BS2 II le,,, A«,ucd Do:pt .. ",.,'00 " 19l,881.11
.d!,..
EXPENSES'
. I'1.27},485 .96
,,""0."
~,~,;;,':.t=.=,:: :;;~~lo~\,~·~·-<
Toullo"""" .•.
. .".: t"'B~:~':
1..<>" Acttu,d 0.1"'-
0.-.1"",:
5o,y,,,,"
o.:r-Vcd
p,,,, "'......................... Ch",u .oJ
t"
) .I)).ll
1"19).466.0)
+In",.,.", Of - Dec ..",
f" l)O,141.0} f" 6H,27U.6) f" -)74.Ol9.0!0 ~U97 06 49.98S.1O - L68a.H 4,H6.n - 4.~~6 .)1 as.SBl.}! 114. 4~.98 - 15.61).64
N« A(Co"n" R«., •• bl' .
poior r'"
cn:<lin
l,60}·79 16.11,.1) lI,m.)9
2.60l.79 16.~)).u
----------------------11.108.l9
P91U I2.67 t'iSJ.48US 1"195.l)O..8l
&1.000:- . ... .
195,))O.U
195.l1O.l1
T.... t • •• 1'978,812.67 1"97',8Il.67 1"19i.l)O..8l rl9i.)}o.G Ordioary Pro6, fDr ,h. Tell. .. 1"19i.))O 12
o..!"""
' ....m
BIlow. 19}6
N" ProIi, for ,b. Ycu ...... .
...................
I"UO')}Cl..I2
PHILIPPINES
...,.,
19}5
Y.. f
Stni«
&t........
"'
Cool..;..,,,,, 00 G"" ...
omdrr A_u.,...
u-
Comm,,,i,,,, (XI Ttomponl '
..
rlOl> Senia: ..• Cooc<uiOD'" Miscd!&n¢'O", R<<<;p ....
1,4)1.6)
1,4)7.6}
l.7()1.16 H,ln.«l
1.704.16
OETAILS OF GENERAL EXPilNSES YEAR YEAR 19" 19}(1
""'
M46.:1I0.71 !'1Ol.461.01 .. H.lM8.69 )01,919.70 "9,741.11 )59.6&·11 )1,00\1.11 IIMlU7 IISlO.OIS i)'7.}I).1I 155.706.41 1S,!9l.11
l""",,',
R.. u",.n, .. ).bin Bu •.•
''''',
E. ptal<
S.lu;", . nd W'F" E ..u HoIp.... ..... Sublimocc of E",pIoy«' s-u,. SuppI= ... ..... Oo.....i ..............
1"9OSI.675.11 M'1l.414.\10 1"177,160.99 177.ltIO,61
BlI""oo ,.
To .. J. ,. 1'W9,6i}.SI Orditw'J ,,",6< fo< lb. Yc"..
1"177,l61).61
t'909,67S 51 1'117.160.61 7'117.l6O.61 1"177.l6O.61
Oed",,, Booo •• 1915" . SO"
P~6<
l.s.ao.90
...... ,............ ................
!>Un,,,,',
~ I J)I
199.14 10.-In.59 11.l61.48
- 4,00).56
..
+ + +.
1.9110.55 l,Ol5·15 761.62 1.94I.sa
l.m.M ItI')·94 1.481.1l 5,U).)9 7,9H.15 1.471.611
~.,
+ 768.7S + 75.42 + +1,4}U I 941.SO «.~
192.31 "59.35 + 4.-I)Ll9
~
- 1.916.65
9,671.90 1,001.(16
+ -172.60 Su=:;",~~~~~ . ~~~~:..~'.~~~i.e~ 1l.IOS.94 18)96.11 + 1,809·79 1'1., ,,, ... (or U"""U,wbl, Aceoun ..... 6,IXXl.oo T...rI B.... u.. 4.129.116 890.11 + }.119SoI ----------To .. I' · . 1'1 72,111,(10 1"160,711.)1 1"+11.487.69
,""'.,
STATEMENT OF MONTHLY INCOME AND EXPENSE WITH THE PROFlT.Ie LOSS DURING THE YEARS 19J.6 AND 19l5 ~IONTH
~.,
lOU-I
MIMi
S.. ciOO<f}' >ad p,u,w.," .......... PIIS",< .cd Td'C"'pb C!.>" ..... Pro"",.i"" A=un' .. Tt1IUp<Ir .. ri .............. .......... hll<ripri ..... od Ad"<f,uin," . .
+ +
M'''' ""., ".,
"".,
791.7S 14US 114.S6 11.911.20 1.155.91
Bm ...... Tu' ...... Li= .. Tn .......... Prof"..; ..... 1 Scr~ic..· ........ M, H,..O..,CC of BoUdin.. Ie Gl'OIIod.::: ~uiol<ll1<lcc of Fumubio.. 'Dd Eq",po
- ),In.94 416.17 558.11
4.7sa ... 14.191.}!
14.667.61 1.}1l.16
rn. ..""" .......... ..................
{co the Y• ., .•..
P 6l.l10S1 f>+M98.C1f
P 71.108.S9
J:~"':i~!:;::
H,ln.60 14.&48,99
14 .... '.99
309
INCOME
EXP!l.NSE
CONDENSED COMPARAnVE F!GURES OF OPEJI. ... nON SINCE THE OPENING OF THE HOTEL (19U TO 19J6. INCLUSIVE) Do:p'''''ali .... N.. P",6, (loti od,d ia .br Div;Jeod. Tou l ( TDUI uP<"'") P.id Ie"'"" E~p<D'" ) lllil (6 MO<Ith.) P (71.241.55) I'll) .. f'60I,H4.06 1'oI71.9SoI.lS 17,S;9.SI 1914•• 5)1.I11.06 XJI,oI87.01 U,6oI6.OS ~.9J6 ..j6 191} .. 0117.554·90 .....~14.75 (UI,"9.1}) 30.000.00 11116. .. 4S1.J1O.oI1 ~16,209"2 1S.1I0·S9 U","M 1917 .. ~)5,oIlO·91 4}7.819.10 nJ.8l.17 16,+41.011 1911 . . 608,101.70 97.SIS·62 16.S01.49 1919.. JlI.)Ol.oIO 601.779.76 1)9.511 .64 16,601.78 ll._ 1920.. !ISI(I,105.41 IUsn.B 178,611.29 17.4SO.10 J911 .. I.OSO.I)/I.81 89,}98.48 91OJ69.o1 129.569.79 1911. 9I\8,)90.9} 1(4)11).74 11,400.(1(1 IOU}ol29 ;}.6J6.66 \1113.. 8U.l3I.61 I lM17.61 !l.711 .01 iUSJ.)7 1l.-IOO.00 19l-1 .. 783.157.79 m.m.as 97.)05.70 1.oJ6.9-\ 1915 . . 1h.17}.)6 71).6}1.01 10-I,I1U5 98,661.41 ll".., 11116.... 919.&19.11 al)j9\S.15 101.9I4.}o1 106.lJl.C17 1917•. 154.919.28 76Un.11 9l.J96.47 107,ou.96 ll,soo.oo 11111.. 7)1,(190.70 84S.6lO.4e. Jl7,Sl9.78 110)45$ ll".., 1919 .. 1.o41.996.7S IO.91U7 198.061 .l a Ill.416.l' 19)0.. 911,4Sl.Il &4).746.6) 8l;;os.49 11O,861.9S 21.500.00 1911. 11),946.61 1110.585.)5 86.616.701 116,HHO l\1ll ... 7ll.lS3.s4 7)9.068.01 (1S,109.1II) 111.500.94 015,000.00 19l}.. 6S.)I~.7) 651.114·91 500.19 4},exo.00 U6.snm 1914.... 756.6IZ.la 1161,9SU9 Ill,651.89 5-1,0.0.80 -B.IXXl.OO 19)5 ...... 909,67}.}1 In.16O.61 S8.B7.)7 7l1.414.9O 19)6.. 978.8U.67 7111.0181.1' 19O.1lO.U 67,1)/1.01
1915
.
G,=
IT""
"'"
,
,...-
f"IU91.16
1" 1O,0I)6.1}
16,459.401 11,151.11 9.}47.01
11.1'S"}
1O,6)}o4}
4,\105.80 StMS~
IO,161 •• }
6,1}4.l6 lO,)OMI
8,816.69
1s,s91l64
Il.Sl}')) 11,898.61 15.Us..U
M04.l)
6,09).29
16.18U7
-10.891.91
14.105.70
19.0SI.71
For ,he Yu,". ..... 1"ISlO.)}o.81 B>bna: Or N« Profi, for 'bo Y... ·.
f>17I.O!~.69
PI9O.13O.tl
I'l1a.o}4.69
COMPARATIVE 1'19O.)}O.81
f> 79~.08 I'ln,l6O.61
t"190.]}O.81
t"178.OS~.69
y ,,, 19}(1
""" ""
P97UIL67 71MaUl
~io°~~~~~;): N" Pro6< to.: th, YUt.
I'<t C.,n Op:.... io' E. p<o>Ct·;~
p.,.~~~";;.;i; ,('-'C;~ ~~~;·it~ip,,··,~ .~:
pi ...1 Stod: ( hoo,exo.oo)· .. p" C<o. N" PtOii. '" Cop,,,1 ,~c
.... ...
.........
YEAR 19)5 t"909.67l,s1 1'+6\1.1]7.16 7n.4 14 .9O +51,C166.9S
-1"19S.)}O.ll - - - -f>ln,l6O.61 ------- -,""'., ----------
1.60 6.'17
P +18.070.1I 10.19 + },OOO.OO
1"190.130.11
1"ln,16O.<!l
+11,(170.11
7996
IO.S1
.»
19.41
,,~
lOll 76
101/'J1
11 .1)
U.69
+ +
..
,a
..
~
7.l7
STATISTICS +{lnO'" .. )
't ... 19)5
0'
-{Do:c:noc) Toul num"", of IOOm·,.n, d.y. A~,"&' "0,""'" of IOOm·«"'
d.,..
CONDENSI!OCOMPARAnVE PROFIT AND L06S STATEME/I.'T FOR THE YEARS 19}(1 AND 19U
~USCE LLANEOUS
p<t
wy.
M ... ~t«"p" p:t """",·,cn.
J'r ... .. . ..........
A"""~ ul""1<I
1'" .ao"'.... nc
wy .......... ..... __ ... Av",.~ p<Ofi' 1'" ,ao" .... ft, .ny .. .. .. ..
lll,lll
,
61'................... o~"'''''. of 100",... "" wp pa- .ny. ... .. ..... AY«'F ,«<ip" pa- """m-t<n'
,
5.51 1.47
....
~
Avo .."
wy"
,.~
P
Toul QU","". of """".",,,,
•
'"6.76
A"""fi" " ' PO""" 1'" "",,,,.,.,.., d.y ....... ...•• P AY<f"., poo£< 1'" _ ... '"
w, ..... ................
Nulllbcr 01,.,...111< . 1, ...... <d... Nu"'''''t 01 JUd' ",.. Ls ..... <d" AYCI"" QU","", 01 ...... ",,,10 >CITed.
1'"
wy.... .........
A....", «c<'p" 1", ...." .... ,1 .
]4.881
,~
M
•
• •
, .~
U 7,H6 147.7016
•
...
>.M
1l.~S
11.45
"
,.~
)/1')71
• '"
6.H
,." • • •
+ U41
+ ,.~
1.11
,.~
1.11 141.9)9 141.9)9
• '"
",
,,, 0.0'
+
.00
." ."
1.17 5·65 19.'1
+ 1,110
5.49
+ + .,. + ." + .U + '''' + '''' + .n + "
5.71 ,~.
». ".00 " .00
.m
'"
5.H
}IO
THE COMMERCIAL & INDUSTRIAL MANU"Ac::L'-_ __
THE ARISTOCRAT OF THE ORIENT
..... .......... -".......41, .;..___
LOCATION SITUATED on a reserve property of some
r~ree
hec tares, with Burnh:lm Green as:t
background; facing the historic Luneta on the south, gorgeous M:wila Ba\' on che: wes t, th~ old Spanish Walled City on the north , and Modern Mani la on che east. . the loc;nion is assuredly incomparable; a setting hardly to be found in any other part of roe world . . ACCOMMODATIONS With the recently constructed fire and earthquake proof ADDITION, com.pletely aircondi tioned. this hostelry rna)' be said as the on ly onc disrincci,'c and :xclus ive in so far as :lccommodations are concerned. The sui tes are rhe mOst modern and luxurious. No hotel has so m:lny suites furnished and decorated, ~:tch entirely in different styles, which, J.ccorJiog to world tr:t. \'eIers, compare fl\'orably w ith t he best in AmeriCl :lnd Europe.
MANILA HUBERT C. ANDERSON Ma1lagi1lg Director
HOTEL ' FRANCISCO MENDOZA
PHILIPPINES A•..-0S< <zr< .... r<r '"U, .... 1 ....... &< ptOIi' rx. I""" RI<.I . .. Mui", o" n"",bo. of .00m·
<lar· .... .. .... ··.... .......
~£>.,"'".. n"mt.:. of toOln' !'IOU cl.y . .. ...... .. ....... p" Cen' Room 0«"I"OC1"
)'uIN BAR :
Liq"o. S.IOI' .... .... Coo. of Llquo. Sold '
G.""
PlOfi,·.
P"Ct1I ,G , .... p,ofi.",C",'" SEkVICE BAli
,,.
U. J' 164-1$1 ~
65.24 %
pIOU8}.66 ~4,996 .4 5
I' 59.l&7.1! B1 76>£
Liq_s..I" . : .. ....... Coo. 01 Loq_ Sold ' ..
1'157546.81
Gros< Pr06,"
1'1 00.)-1656
PuCen, G,ou Profit to Coo, ..
~7,loo. 15
175 .41 '70
,.
l .IS
.n
P
'"
"
~~.70
+ +
,.., .n ." ll., , 5.11
4IHH
+
%+
!'11l,S2917 47,747.52
15.)6
~.~4 '1..
- 9.l4~ . ~1 - 1,7}1.07
- 6.<g4.44
I' 65.7B1.65 117.77A:
6.01
'.il
U 4
'.M
.., ..,
1l.}6
1"1)9.911 .41 }UXX).61
+17.6)4.)9 + ).199.64
,m~
1' 17.911.81
+12.4}4.75
\4.00
6 .)7
1.J<
169.06 '1 +
JIl
Ba nk Re/e)·el1cc.- Philippine National Bank. The purposes for whi ch this Corporation is formed are the following; 1. Subject to the restrictions of the Corporation Law to aequil'e, under-write, hold, sell and exchange shares, stocks, bonds, obligations and secu rities of any person, government, corporation, association syndicate or firm of any kind; , 2. To promote and finance corporations, associations, syndicates or firms of any kind, dedicated in the development of the industrial and natural resou I'ces of the country;
3. T o act a s managers, agents, operatol's, techMANILA MACHINERY & SUPPLY CO., INC. Ht:ad Office: 675-681 Dasmarifias, Manila- nical consultors, contractors, consulting and conBranch Office: 635 Call Building, San Francisco; tracting engineers of any person, corpol'Ution, a ssoBaguio, P. I.- Nationality: Filipino-B1~si1l6ss: Ma- ciation, pIlI·tllership, syndicate, trusts estate, joint chinery and Allied Products- Est(Lbl1s/ted: 1926- accoun t or firm of any kind; to canyon the busiAlttJlorized Capital: Pesos 500,000.00- Paid-1·n Capi- ness of consulting and contracting engineer s, and tal: 222,400.00-Pa1· Vall~e 0/ Shares: P c:c,o~ 100.011 to this end , prepare plans and specifications of each- P rincipals : A. W. Ralston President & Gen- mills, factories, plans, buildings and undertake the eral Manager; Conrado Garcia, Vlt'e Presidl:'nt ; I.'. construction and erection of the same; to examine, Segado, Secretary-Treasure~ Beni . 3. Ohnick, Di- prospect, develop, work and operate for other perlector; Henry Leo Reich, Director- Agents ,r(lJ': sons and firms, all kinds of natural resou r ces ' to Atkins & Co., E. C. Baker Ice Machine Co., Bucyrus- undertake dredging and drilling operations and in Erie Co., Cook Belting Co., H. N. Crescent Ma- general to undertake any and all ki nds of constl'ucchine Co., Dewar Manufacturing Co., Dixon Cruci- tion and engineering work of its bl'anches; 4. To borrow and loan money with or without ble Co., Joseph De Clel'mont & Donner, De Laval Steam Turbine Co., Edwards Co., E. H. Erie City securities; to purchase, discount, negotiate or collect Iron Works, Green Fire Brick Co., A, P. Gray promi ssory notes, and other kinds of negotiable Marine Motor Co., Hardine Co., Inc. Ideal Electric paper or other evidences of debt; to issue bonds & Mfg. Co., Jeffrey Mfg. Co., The Lietz Co., The 'with or without collateral; 5. In general, but in connection with the fore A. Mine Safety Appliances Co., Mashchinenfabrik_ Augsburg-Nurnberg, A. G. Neptune Meter Co., Phi- going, this corporation may canyon any othcr busiladelphia Lawn Mower Co., Ruston & Hornshy, Ltd., ness not prohibited to corporations by laws of the Philippines and have and exercise all powel's otherSullivan Machinery Co., Skaylor Engineering & Manufactuirng Co., United States Machinery 00., Wal- wise confel'l'ed by t he laws of the Philippines upon worth International Co.-Telegraph: "Machy"- like or anywi se similar corporations formed under Codes, Bentley's; Western Union, etc.- Bank Re- the Corporation Laws of the Ph ilippines, it being /el'ence: People's Bank & Trust Company, Manila; provided that the foregoing enumeration of specific Philippine National Bank; Crocker First National powers shall not be held to limi t or r estrict in any Bank, San Francisco. lllanner the general powers of the cO I'pora tion; 6. Without in any particular limiting the powMANILA MINING ENTERPRISES, INC. ers of the corpor ation , it is hereby provided that the Head Of/icc: LegislativE' Building, Manila-Na- corporation shall have the power to make and pertiol!ality: FiJipino------Capital Stock AutitOl-ized: Pesos fonll contl'acts of any and all k inds and descriptions 200,000.00 Divided into 2,000,000 shares at a par with any person, iil'lIl or corporation; to have one value of Pesos 0.10 each-Dh'ecto)'s: Benigno S. or more offices in and out of the Philippines; and Aquino, Juan Nolasco, Ariston L Rivera, Rain can'ying all its business and in order to attain fael Palma, Arsenio Bonifacio, Eugenio Perez, Ar- 01' further its purposes and powers, to do any and senio R. Matias, Leandl'o V. Tobias, As:::istant all acts and things and to exercise any and all powSecretary, Q. G. Gregorio & Associates, Aud:tors- ers which a nntul'ul person coul d do and e~ercise
THE COMMERCIAL
312
&
INDUSTRIAL MANUAL
TRAVEL BY RAIL SHIP BY RAIL • REASONABLE CHARGE EXCELLENT SERVICE SATISFACTION OF THE PUBLIC The Manila Railroad feels it can proudly claim that its fares and charges are REASONABLE and that ITS SERVICE IS EXCELLENT because it offers
SAFETY
RELIABILITY COMFORT FAST SCHEDULE RIDING EASE We are the only transportation company in the Islands which can offer air co nditio ning on wh eels - OTHER SER VICES-
Luzon Bus Line in
Manila, Rizal, Cavitc and Bacangas
For information, inquire or write [0
Benguet AU[Q Line [0 and from Baguio, La Union~ lI ocos Sur and Pangasinan
City Office, Tel. 2-31-83 521-523 Dasmarinas
Traffic Department Tel. 4-98-61 I nforma cion, Local 42
R. E. BERNABE Chief Clerk LEON M. LAZAGA Traffic Manager
CANDIDO SORIANO City Agent
MANILA RAILROAD COMPANY 943 Azcarraga
Manila
PHILIPPINES and which now or hereafter may be authorized by law; to do all such things as are incidental or can路 ducive to the attainment of the above objects or any of them or which may be conveniently carried on and done in connection therc\yith, or which may he calculated, directly or indirectly, to enhance the value of or render profitable any business or property of the corporation, always provided that nothing shall be done in connection with any of the above objects which is prohibited by any laws; 7. The foregoing clauses shall be construed both as objects and powers and it is hereby expressly provided that the foregoing enumeration of specific powers shall not be held to limit or restrict in any manner the general powers of the corpOl路ation. THE MAN I LA RAILROAD COMPANY The Manila Rni~rond Company operates the only system of steam railway lines on the island of Luzon, the largest island of th.e Philippine Group, with an area of approximately 4.1,000 square miles and a present population of about 8,000,000 inhabitants. These lines directly serve 13 out of the 23 principal provinces of Luzon and indirectly the majority of the remaining provinces by m..eans of highway bus lines either operated by the Company or independently owned. The Company also serves the isolated region of the East Coast of Luzon by two modern motor vessels. The main railroad line extends from San Fernando, Province of La Union, to Legaspi, Provincc of Albay, a distance of 740 kilometers, with the exception I}f a gap of 39.5 kilometers in Camarines Sur now under construction, and a number of branch lines connect adjacent districts with the Main Line, the total length of all railroad lines being 1,184 kilometers. The most important highway subsidiar y of the Company connects the main railway line with Baguio, the summer capital of the P hilippines. Baguio, at an elevation of 5,000 feet above sea level, has a superb climate and is the center of a very rapidly developing go!d mining district. The nucleus of the present railway system was the line from Manila to Dagupan, Pangasinan, a syndicate that had been granted a concession by the distance of 195 kilometers, constructed by an English Spanish Government in 1887, and which was completed on November 24, 1892. Seven-hundred sixtysix kilometers of new lines were built since the American Occupation up to the time the ownership of the Company was acquired by the Philippine Government in January, 1917. Subsequent to that time,
JIJ
223 kilometers of additional lines have been constructed. The tl'ack has a gauge of 3 feet 6 inches and the standard weight of rail is 65 pounds to the yard. The three staple agricultural products of Luzon -rice, sugar-cane and coconut products-are the most important traffic items of the Railroad, supplemented by lumber , other forest products, hemp, tobacco and manufactures. During the last ten years, an average of about 8,200,000 passengers and 1,800,000 ton of freight were carried by the Railroad . The railway equipment consists of 161 locomotives of all types, 208 passenger coaches, foul' of which including a dining ear, are fitted with air conditioning equipment, 2,095 freight cars, 32 rail motor cars, 40 rail motor car trailers and 194 cars of miscellaneous ty pes. Thirty of the passenger locomotives are equippcd for burning oil as fuel. Limited express trains are oper ated over the main lines, the deluxe train catering to Baguio traffic carrying air conditioned coaches, affording year-round comfortable facilities in this tropical country, and a daily night express train is run from Manila to the southern main line terminal, where a ferry boat makes connection with the northern terminal of the line in the Sicol provinces. The Spanish influence with its ch3l'acteristic architecture is still predominant in the cities and towns through which the trains pass and the Island of Luzon affords a continuous panorama to the traveler of imposing mountain peaks, extensivc cultivated plains, beautiful bays and inlets, all in a setting of luxurious tropical verdure. When the gap of about 39.5 kilometers under construction in Camarines Sur, is completed, it is planned through day limited express t r ains equipped with air conditioned dining car and first class coaches, in addition to large and very easy riding third class passengcr cal路S. The passenger service consists of fast limited express trains, local steam and rail motor trains. The low fares and dependabilitv of trains which run strictly on schedule have created a healthy travel habit among the inhabitants of the provinces directly and indi r edly scn'cd by the Manila Railroad. It is gradually being realized that bus service should also be offer\:d the large number of passengers who more and more show clear indications of desire to mnke frequent trips. The bus service of this Compa!'y now covers six thickly populated provinces.
THE COMMERCIAL & INDUSTRIAL MANUAL
314
l 'he freight train service has for yeal'S made it possible for large tonnage t raffic to move !'tla nila bUl'nd and then to foreign countries. The through n igh t freight train between M:.nilu and S'1n F erlnndo, La Union, offers a fast !:crv ice which meets the demands of provincial joohl'l's. Local fleight trs ins arc I'un on regular schedule, while on many occasions special freight trains arc run to move trainload quantity cur go. Only in thi s way is it possible to move traffic like lumber, logs, copra, sug a r . des iccated coconut, "icc, paiuy and tobacco, The frei ght train service ha s for yeul's made trips lit> the mountains by a fl eet of high powered modcrll trucks operatcd by the Benguet Auto Lille which r eccive the freight broug ht by freight t rains to Buuang Union. Similal'ly t.he fa st increasing volumc of freight cargo for the i\lambulaO-Pal'aca\e gold mining dis trict is moved by th r ough f r eight t.rains to the port of H ondag ua where this Company ''' has two modern and adequatel y equipped Motor· ships to cuny the freight t o these t wo mining ports. MANILA RACING CLUB>{ I NC. H ead Office : l\I anila, P . L_ Registe" ed: October 23, 1936- T e1'ln : 50 yeal's-~ration al ity: Filipino-Cwpit,( tf Si ock: Pesos 2,OOO,OO~ .OO divided into 20,000 ,000 shares of the pal' value of Pesos 0.10 each-
Subscribed Capital: Pesos 401,200.00-Capital Paid: pesos 135,550.00-hlcoTpOmeo)·s: R. J. Campos, Ra· mon J . Fernandez, Salvador Gomez, S. Coscuiluela. Werner Dieke, S. Her rero a nd Francisco BarrosDi1'ect07's: Ramon J. Fernandez, Olaudio Aldecoa, Cezar Ledesma, R. J. Campos a nd Werner DickeTl'ea SIt7'er: R. J. Campos, Manila. THE l\[AN1LA STOCK EXCH ANGE The Manila Stock Exchange was formally organized August 10, 1937, fOI' the purpose of providing facilities fo r trading ill securit.ies, either local 01' fOI'eign in Manila. It s organizers were a gl'oup of pl'om:nent Manila businessmen: W. Eric Little, G. W. Mackay, J. J. Russell, W. P. E lliot, and F. W. Wakefield. At the time of organization there were no facilities for trading in seeul'it:es in Manila. All negotiations resulted one to five IJe r cent, with no establ ished rates. l\1any issues came into public view but seldom because of the lack of a public trading center. The Manila Stock Exchange thus came int.o being to fill a long-felt need. It was a non·stock CQrpo ation, and {.he by-law stated that a ll funds wer e to be used for the furth erance of the purposes of th~ exchange.
MANILA STOCK EXCHANGE 139-143 J uan Luna, Manila P. 1. --Tel. 2-29-9S - DIRECTORY: MEMBER· HOUSES ALDAN ESE " CORTES
II(I
Ju""
L,,,,,,
Ttl . 4.9/J.Sl
HESS" ZEiTliN . INC.
MARINO OLONORIZ Y CIA.
~!"I.J'~I ,_;'_',!~de •
~....
Y-t'i~?!'Z:d~
..
C. ALDECOA " CO.
MAX KUMMER" CO.
OVEJERO " HALL
'III J'la:" Mor"ga
71h FlooF
S. J . lI'i/<o" md,.
S. E. lEVY" CO.
'T""I'.'_;- I"'/~;..
Tt;~~,~'G~!~~',t'-}?~"f C"o;:.-----~--I't;:r~/~.~~'-~'L~'j~4,!~~"~n:I";,;._,~~___ I ~~~~:(J;~DlLLA
~:~/.£y~~~u H. E, BENNETT" CO .
Es,·"""
,>.1 "I'd. Z·N·5 1
CAMAHORT &. JIMENEZ .1 1 Es<oIl" Ttl. ;t•.1"·'1
N. CONCEPCION" CO. 1.1., NUN'a
Ttl. Z.8p·66
ELLIS . EDGAR " CO. I SII
J"""
l .urI"
· F j/i ,,;"4S D"i/d j"g Td. Z·38. S 1
- - - LUI S PEREZ Y CIA.
HEISE . LARSON" CO.
S'Hft"ftil/O 8/(/,.
1'61. '!·SO.H
...........---- 4!.1·.15 $4" I'iu"'t 1',1. 2·3.1-46
MACKAY" McCORM ICK
E. SANTAMARIA" CO .
· 3.,
S . .1. lI'''s",. lJ/dJ. Tt l. t · .1.1 -85
· MARIA MARTINEZ" CO.
EI I/Ot0" pu.p;"" llIoI,.
lisrotla 1'". 2· 1.3·57
4Q•.,., R030,.i"
IU
I",,,.
LEO SCHNURMACHER . INC. 1"". :·.1i. / 6
Ttl. ;t·U.78
T.T'~'·~_~'--~"~-'~·';;-c~CC'------I A . MONT I NOLA " CO.
JOSE FELIX" CO.
" CO.
SWAN. CULBERTSON" FRITZ
s. I .
I. """
Il'i/..,N /Jldr •
.16 Euollu
7T"~',:-'·~I-;"~·~"!"',-;;;;;;;--;--;:;;-____ 17~·'~'.~_~,-~"~-~,,'r.,,
T tl. oJ.8S.S;
T:-',,.~,'_~;;;'_:;U:-:,:::--:--;;;:-CO.
~Tc."",.;,;'-"J"'-"J!;'c-;""~,,,,;;-;--;--;;;,,,,;;;--I M ULCAHY. LITTON" CO. ~J~Tj~~~~~;n~UTTR IOGE "BRIMO 30 1'10'" .11"'0,<1
H,i••""i. ".i'iiPl" C-O.;;;Niii,"l'l - - - - - - I l. R. NIELSON" ~"t{!!!;~~".," lJldt. ~I. ~!rt~1
TRINIO~O. CELESTE" CO. ¥JI ~t::~w'
_____ I (. . .
WOO. UY-TiOCO l
1~1. ~~.i'o.nw"t
NAFTAlY
PHILIPPINES
315
Everything Philippine A T TH E
MANILA TRADING CENTER AND EXCHANGE Operated by the Bureau of Commerce for the,Promotion of Dom estic Commerce and Industries
DEP AR TMENTS HO USE HOLD
ARTICLES
EMBROIDERIES- WEARING APPAREL - ART GOODS CUR IO S
&
N OV E LTIE S
TEXTILES- FOODS DRINKS RATTAN FURNITURE SHELL PRODUCTS路-TOlLET P REP A RA nO N S- FOOTWEAR - TOYS- GIFTS- POST CARDS
ETC
MANILA TRADING CENTER AND EXCHANGE P. O. BOX 1481
642 RIZAL AVENUE
TEL No. 2-13-70
THE COMMERCIAL & INDUSTRIAL MANUAL
316
The first quarters of the Exchange were in a small office, In August, 1933 it was found necessary to move into larger rooms, and in October of the same year a whole floor of a building on the Escolta was secured. The expansion of mining and the accompanying great interest in mining shares made larger quarters imperati\'e, :lnd in April, 1937, the e."{change mO\'ed to new, modern quarters in Ma~ nila's newest and most modern office building, the S. J. Wilson Building, in the heart of Manila's finan· cia! and commercial district. Mining stocks first came into prominence about the m:ddle of 1933, when the increase in the price of gold to $35 gave a tremendous impetus to mining the world over. Mining companies SOOn applied for listing on the Manila Stock Exchange, and a healthy increase in business followed. Prices of seats on the excha~e have jumped enormously. When the Exchange was organizad it had 10 members, each paying Pesos 500 for his seat. I n March, 1932, a seat was sold fo< Pesos 1,500; in March, 1933, for Pesos 2,000; in October, 1933, for Pesos 3,000; in March, 1934, for ,Pesos 5,000; in November. 193 5, for Pesos 15,500; in A~gust, 1936, for Pesos 79,000 and for Pesos 80,000; in October, 1936, for Pesos 82,500; in November 1936, for Pesos 85,700. In April, 1937, the exchange created 15 new seats, and reduced the price of each seat to Pesos 45,000. Creation of the additional seats was accompanied by n distribution ot Pesos 675,000 in cash to the 30 members of the exchange, Pesos 22,500 each. Eight of the new seats were sold with:n a few months, and the remaining seven will probably be taken up by the end of the year. The new qual·ters of the Exchange are modern
in every respect. Trading procedUre is a unique and flexible combination of trading post and board operation methods. A ticker system has been installed, with t:ckers in the offices of member brokers throughout the city. Every attempt has been made to facilitate trading, and to simplify the mechanical end of brokerage. Likewise. the board of governors of the public. Requirements for listing are stringent, as are the requirements for membership in the exchange. The rules of the New York Stock Exchange have beCr'l followed in so far as possible, thus giving investors on this exchange the benefit of the long years of experience of t he New York organiza· tion. While mining shares are the main issues of interest, member of the exchange are in constant communication with financial centers of the world. Commercial stocks of Manila are listed on a se· parate board, while practically every broker mem· ber can handle orders for foreign stocks. All in all, the Manila Stock Exchange is the outstanding organization of its kind in the Far East, and occupies a position similar to that of other big exchanges in the world's trading centers. MANILA VENETIAN BLI ND MFG. CO. Head Office: 865-871 Canonigo, Paco-Nationality: Filipino--Bwti,lcss: Manufacturers of and Dealers in Venetian Blinds-Principals: Joaquin Ramirez-Established: J JOe 1st, 1935--Capita~: Pesos 10,000.OO-Annual TW"1lOver: Pesos 43.509.07 (in 8 months) Formerly Located at: Sto. Sepulcro & Harrison Boul evard, Paco-Ba,!k Reference: Philippine National Bank.
Ou.r improved
VENETIAN BLINDS Let
tIS
Cool, Beflllfi/y and Modernize your Homa and Offict.J ... hy SlIppl)';l1gYOIi with IMPROVED VENETIAN BLINDS same 11.1 thou we il1J1a'hd at M:dacafiao Palace U. S, High Commiuioncr's Offices Legislative: Buildin$ Supreme Court SeSS ion Hall Bay View Hotel Rosuia Apartments Metaleo Buildin~ Pacific CommerCial Company
Ollr
Collegiate: Bl::aut)' S~lon San Juan de: Letran College Ang Tiba)' Shoe FaClor), Sf. Anthony's t:lospiu.1 Oon Manuel Ehuldc Don . .I. Amado Arancu. Mrs. Rabel Alunan Marsman &. Co., Etc.
MANILA VENETIAN BLIND MFG . CO. The l.oltlt Cb~ift 4
1m M ../tI".ii.. '1
565·871 Canonigo. Paco, Manila Pit/"". tI'IlJ Rmntly [nlfill/,d ;'1 1m R"mJ
'f Mrs.
Aurar;!. de Quann
PHILIPPINES
317
MANILA YELLOW TAXI CAB CO., LTD. Head Office: 477 A. Mabini, Ermita, Manila-
Silver Cross Steam Laundry is also owned by the latter.
B1'Q,lIch: 1338 Al'legui, Q .. iapo, Manila-Nationality: Filipino--Bu,.ine88: Tran spo rtation-E8tablish~ cd; 1930-Au t/un-ized CaIJ!!.al: Pesos 500,000.00Paid-in Capital: Pesos 148,098.68-Pa1' Value of Shal'fJs: Pesos 25.00 (preferred)-Annual Turno1Jer. Pesos 720,OOO.OO-Pl'incipu is: Enrique Monserrat, President and General Manager; Enrique Monserrat, President of the Board; Tobias Epstein, Vice-President; George L. MaGee, TH路RS.; Ramon Fernandez, J a ime Martin, memhers.- Bank Re/enmce: Philippine National Bank.
The Manila Yellow Taxi Cab Co., Inc. on April 3, 1935 acquired full rights on the National Taxi Cab Co., a local concern opel'ating in the City of Manila, thus adding 55 ca!s to its f1~t of taxi-cabs in operation, It also acqu ired by virtue of the same transaction the Molina Truck, a concern en路 gaged in the trucking business, of the same pro路 prietorship of the National Taxi Cab Co., thus starting operations in the trucking business for general land freight haulage and merchandise transportation and also for household moving,
The Manila Yellow Tnxi Cab Co., I nc. has been
On J une 22, 1936 t he Manila Yellow Taxi Cab Co. , Tnc. acquired full c..wnership and rights of operation of the Nand B Garage and Taxi Cab Co. and by virtue of this transaction it ad~ed 56 taxi cabs to its fleet in operati<:m and also continued to operate cars of the !'! al?rl B Garage which arc the biggest and pioneers of garage service with metor cars per hour rates in the City of Manila This last Company har:.dlc-s all sightseeing and excursions for the Philippme Tourist Bureau in the P hilippine Islands and maintains connection$; with the tourists agencies in aU parts of the world.
established under and by virtue of the laws of the Philippine Islands with ccmtrnl office in the City of Manila and incorporatea February 17, 1930, in the Bureau of Commerce and Industry for the purpose of establishing, maintaining and operating land transportation by means of motor vehicles with taxi-meters in the City of Manila and from the city to all places accessible by motor cars for which a license has been securecl from the Public Service Commission. It has at pr('sent a capital stock of P25.00 per share besides 2,(.00 cornmon shares without any par value. The Company is the pioneer of taxi-eab service in the Philippine Islands. For the purpose of k eeping the Company supplied of all its requirements in the service the Monserrat Entel'prises Company, Lfd, was organized and established on October 1932, It has an authorized capital of PIOO,OOO,OO of which the only stockholders are the Manila Ydlow Taxi Cab Co., Inc. The Monserrat Enterprises Co., Ltd. are engaged in gener al import and export business and are exclusive representatives amI distri butors of the Dunlop Rubber Company, Ltd, and of the Ohmer Fare Register Co., Dayton, Ohio, in the Philippines. It also maintains connections lind distributes products, mostly automobile spare parts and accessories of well known manufacturers from the United States and Europe, The Monsel'l"at Enterprises Co., Ltd. fuUy owns and operates at !>rcscmt the Silver Cross Stearn Laundry which ai> the name implies are engaged in the laundry and dry cleaning business in the City of Manila. The establishment was inaugul'ated on April 1, 1937. Being fully owned and operated by the Monserrat Enterprises Co., Ltd. an organization 100 % owned by the Manila Yellow Taxi Cab Co., Inc" it can be seen that the
On April 26, 1937 the :'\1anila Yellow Taxi Cab Co., Inc. acquired the controlling rights of the Pasay Transportation Company, Inc" a corporation engaged in passenger transportation by buses and operating fixed b\ls lines in the City of Manila and neighboring towns. T ho P asay Transportation Company, Inc has an autho"ized capital of P200,000,00 of which more than 50% has been acquired by the Manila Yellow Tuxi Cab Co" Inc. by virtue of this transaction, and fum ishes at !)l'esent transportation by autobuses in the City of Manila and neighboring provinces. MANI LA WINE MERCHANTS, LTD. Head Offices 147, Juan Luna, p, O. Box 403 , Manila-BTa1U:h Office; 37-39 Alhambra, Miramar Building Opposite the Elks Club-Nationality; British-Incorporated under the Companies Ordinances of Hongkong-Business; Wine & Spirit Merchants, Manager, E. S. Hooper, Director, J, F. Macgregor, N. C. Macgregor, E. Heybroek, T. A. Macgregor, N. C. Macgregor, E. Heybroek,-Esta.blished; March 17th, 1911-Telegrap/t; "Winetrade" -Bank References; Hong\orong and Shanghai Bank Corporation.
3 18
THE COMMERCIAL & INDUSTRI AL MANUAL
l\lA NUBAC-BENGUET GOLD MINES, I NC. Head OfficIo Man ila, Philippines-Registered: December 23, 1936~'1'er;n: 50 yca\'-Bu.~il/(';;l): 1'1'1 lling - NatioJlrLiiLy: F lipillo - CU1)ilal Stock; Pesos 1,000,000.00 divided into 100,000,000 shure!; of the par value of P esos 0.10 each - SlIbscl',/'el{ Capital: Pesos 200,000.00 - Cal)itn/ P(lid: Pesos 55,625 ..00-1ncoJ'Ponlt01's: Andres Manchaca, Flo-
lue of P esos 100.00 each- SubIH: ribcd Cupitlll: Pe· 2'},000.00-Cnpi/a/ l'uid: P esos 6,000.00: Pesos 3,000,00 in cash; Pesos 3,000.00 :n Propert~'-ll/CQI' pm'(lI(l1"s mId Di)'oc/f1I"s: Bcnito Manm:l , COnCc l)cioll MarfOl'i, Tan Peh, Cesario Villn Abrillc and 1\1an uel N. Lnnzonu. (Ca~'o ~lat·rori, is not an :ncol'por~tol' but n director onl y)-Tr('(llIIo'('I': 'f an Pch, Santa Ana, Davao, Da,'uo. 50S
}'Clltino Bl'oce, Rumon H. Severino, Augusto H. Severino, Alfredo Eudebio, Maximina Broce, Libl'uda l\l onchuca, TmnQu]ino Broce. Ju an P. Broce, Bmilio Broce, Lcodetar:o Humas, Domingo l\lonchaca. Donato Villellu, Felixbcl'to Broce and Bas lio Aro min.
MA NllEL G. CO CHA Y COj\f P A~IA Hed O/fice : 5G~ Sto. Cristo i\ianila-Rt'uilltercrl: August 14, 1935-Tellm: Two ~'ears from August 8, 1935- 8/1.';illclIl): Candle Factol'Y and B everage Stor e-Natiotlality: Chin\se-ClIl1itnl: P esos 8,000.00 _Capita./ contrilJiltcd by ~ach llco·tnc)"s Manuel G. Co Cha, P esos 1,000.00 Co \.m, Pesos 4,00000, Cua Chee Yu, Pesos 3,000 00_J11~/ltueJS M'olltcl G Co Chao MANUEL L UM B ER CO MPA Y I NC. H ead Office: Davao, Davao-R egi.~tererl: Apr:i 2, HI35--TermH: 50 yea.rs-Bu.siJlesH: Lumher and T imber Nationality: Filipin o-C(Lpital Stock: ,Pesos 120,000.00 di\'idcd into 1,200 shares of the I)U r "a-
THE i\IANUFACTURERS LJJi'E I NSURANCE COM PANY, Chic/ Office /01' the Philippinc);: E. E. Elser Agency, 4th Floor Kneedler Building, Manila, E. L. Hall, Mana gel'-Nat,iollalit!l: Canadian-B,'si/l('II,s: L ife I nsurance-Limited Liab' lity Company incorpOl'uted in Canada-H eMI Ofjice: Toronto-Brll?Iclles: Over 70 in :32 n ations throu~hout t he wOl'lU, including Canada, the United States or America, Great Britain and hela nd, Newfoundland, Egypt, South Africa, I nd'a, Burma, Ceylon, Stt'uits Set· tlements, F edel'ated Malay States, Siam, China, Hong Kong, J apan, Ph-liPI)ine [slands, Hawaii, West [ndies, and Central and South Amcrica. I nc?tPoratcd by an Act of thc Parli,amcnt. of Canada in 1887, the Mfl1tuf1wlm'c l'lI Dlfe th IS yenr (1937) celebrates its Goldcn Jubilee Anlli" el'sal'~" T oday its brunch offic es e nc'rele the globe and its more t han 237,000 Ilolicies in force provide financial security for many thousands of people, Total payments to IloJ:cyholders and beneficiaries since
THE MANUFACTURERS LIFE INSURANCE COMPANY Sy nopsis of Balance Sheet Decem ber 31st, 1936 LIABILITIES PoliC}' ~ nd Annuit), Re.~eTl·es, .. . , . '. $12 1,407,993.00 Denh and Disability Claims Awaiting Proof. 1,099,64 1.10 Prods ion for Unreported Death and Disability Claims. , .. , ... 21S,OOO.OO Funds on DcJX:'sit . . . 4,340,939.26 Other Liabilities to Polin·holders.. 2,49(1, 148.37 Siaff Pension Funds. _. ... '. , .. 1,089,447.14 Government Ta~es Accrued. . 3SQ,000.00 Sundry Liabil ities . . 324,931.12 Shneholders' Fund . . '" 2,4S3,245.48 ReScn'e for Dividends 10 POlicyholders . 4,575,000.00 COnTingenc), Rescn'e 2,000,000.00 !'urplus ,. 3J29,173.15
ASSETS $ Bonds ... Preferred and Common Stocks Firs! Mortgages on Rea l Esta/e l.olns on the Colllp.lIOr·S Policit:S Head Office Property, Other Rell Est.nc and Slle Agreements Cash on Hand and in Blnks TOla! Ledger Assets; Other Asscf;S.
$ 143,685,518.62
J. H. ,Li/hgow, GtnmJl i\{""Il~tr.
79, IS3.333 66 5,990,165,06 26,262,318.32 1 9.293,68S . 6~
6, 1)2,6786-1 U41 ,5S9H
$ 1313.373.770,46 5,311 ,74816
PHILIPPINES 1887 exceed $186,000,000. (This includes $32,557,401 in dividends.) On December 31, 1936 assets were $143,685,519, increasing $9,861,519 over 1935, and volume of bus:ness in force was $532,539,708, with a net gain 01' increase of $12,583,113 over 1935 after accounting for all terminations by death, ma-
turity, surrenders, etc. This Company writes policies which participate in profits, as weil as the lIon-partic:pating t'ype.
119
A. M. Opisso, PreSident, Amos G. Bellis, VicePresident, O. M. Shuman, Secretary-Treasurer, F. de 1a Cantera, Mauricio Cruz, R. L. Dean, H. T. Fox, Enrique Mass;p, A. M. Rosado-AutO"ized Capital: Pesos 500,000.00; Subscl-ibed CQ1Jitai: Pesos 122,260.00; Paid-in Capital: Pesos 107,460.00 -Pal' \lallle of Shares: Pesos O.lO-Bank Reference: Peoples Bimk & Trust Company.
l\IANUGUIT l\1ATE-RNITY HOSPITAL, INC. Head Office: 2479 Manuguit, Manila- Registered: June 3D, 1936--Tcl'llt: 50 years-Natio7!al-ity: Fiiipino-C(tpital Stock: Pesos 12,000.00 divided into 120 shares of the par value of Pesos 100.00 each-S!(usc'ribed and Paid Capital: Pesos 12,OOO.OO-h,cor}loI路a tors a1ld Directors: Dr. Martin R. Cruz, Mrs. Gavina L. Cruz, Misses Alice Cruz, Rosa Baltazar and LuZ' Baltazar-Trea..ml'lw: Mrs. Gavina L. Cruz, Manugu,:t, I\'lanila.
MAPA SO GOLDFIELDS, INC. Head Office: Placer, Surigao-Branch: 2nd. Floor, Wilson Building, 143 Juan Luna, l\IanilaNationality: Filipino-Bnsincss : Mining- p,路jnci]Jais: Julio Ledesma, Pres:dent, H. Gasser, VicePI'esident, Juan L. Ledesma, Vice-President, Arturo A. Alafr:z, Secretary, Carlos Ledesma, Treasurer, O. D. Arriola, Assistant Secretary-Established: Januuy 28th., 1937-Authorized Cwpital: Pesos 1,500,000.OO-Paid-in Capital: Pesos 3.18,000.00Bank Refe1'ence: Bank of the Plliiippine Islands.
i\IANKAYAN GOLD MIN S, INC. Head Office: 502 Saman,:Uo Building, Manila, P. I. Natifm.ality: Filipino-Bi~i1less : M ne Operators- Established: October 26t~, 1934-Principa/s:
MARIA AUXILIADORA SCHOOL, DANSALAN, LANAO H ead Office: 55 Solei', l\fanila-Registe)'ed: August 12, 1936- Natio1lttlity: American- hlcot'}lo-
MAPA SO GOLDFIELDS, INC. Incorporated under the Laws of t.he Philippines.
Licensed by the
Securiti es & Exchange Commissioner, March 3, 1937 CAPITAL STOCK ......... .
. ....... .... Pesos 1,500,000.00
Di vided into 15,000,000 shares of the par value of Ten Centa vas (Pesos 0.10) Each REGISTERED OFFICE: Second Floor, S. J Wilson Building 143 Juan Luna, Manila Branch Office at Placer, Surigao, P. 1.
320
THE COMMERCIAL & INDUSTRIAL MANUAL
,'aLol'S and Tmlltees: ReYcl'cnds Joseph Reith, S. J., Andrew Hofmann, S. J., J oseph Lucas, S. J., David Daly. S. J. and Martin O'Schaughnessy. S. J.
MARIANO GRIM ARTS & COMPANY H ead Offi,;e: 55 Soler, Manila-Registered: November 20, 1936--Term: 10 years-Business: Forest Products, Timber, Firewoods, Tan Barks and Dye Bnrks-Nat'ionality: Filipino-Capital Stock: Pesos 8,000.00 divided into 16 shares of the par value of Pesos 500.00 each-Subscribed and PO'i n-ill Capital: Pesos S,OOO.OO-Incorporators and DiJ'ectors: Mrll'iano Grimares, Ramon Levy Franci;-,en Ong de Chun, Justina Vda. Co Go and Joaquin Hartigan Go Bnntoo-TreaSlt1'cr: Joaquin Hartigan Go Bantoe, 55 Soler, Munila. MARIANO UY CtJACO SONS & CO. , INC. Manila Office.. Plaza Cervantes & Rosario--NaHouality.. Chinese-B1(siness.. Ship Chandlers, Harclwar~Esttlbli.shei1: 1881-Altthorized Capital: 1,000.QO - TcleU'·fl7Jh: ~'Uychaco" - Codes Used:
A. B. C. 5th, Acmc, Bentley's Western Union & Private-Principals: Uy Yet, Pres., Dy Lac, VicePres., Uy Chaw Kui, Treas., Rufino Lee, Secretary -Bank Reference: Chartered Bank of India, Australia & China; China Banking Corporation. MARIKIT FARMING AND PACKING CO., INC. Head Ofjit;(J' 221 Barbosa, Manila-Reoistel'ed: October 20, 1936-Term: 25 years-Busine88: To Acquire by Purchase or Lease Public or Private Lands for AgricultUral and Industrial Purposes; to Raise Cattlll, Horses, Carabaos, Goats, Sheep, Hogs, Poultry, etc.-Nati()lIalilty: Filipino-Capital Stoc/~: Pesos 25,000.00 dividcd into 250,000 share of thc par value of Pesos 0.10 each-Sub8cribed Capital: Pesos G,OOO.OO-Capital Pa.id: Pesos 1,500.00-hzcorporato?·s mzd Dil·0ctor8: Angel Barcclo, Rodolfo R. Cornejo, Lucio Javillonar and Fernando San M.guel, (Luis Agudo and Victorino C. Villafior, are incorporators only) and (Vicente F. Bust.1.ma nte, is a director only)-TreaS"l/1"er: Rodolfo R. Cornejo, Manila.
MANKAYAN GOLD MINES, INC. Balance Sheet for the Year Ending December 31, 1936 LIABILITIES Capital: Authorized ..... .. .. .. .. .. )'500.000.00 Escrow Stock co be issued co Unit holders. 230.000.00
ASSETS Fixed Assets : Plam and Equipment. BuiJdings- Manbtpn. Furniture and Fixtures: Manila.. .. ... 459.87 Ma nbyan.. 1,266. 11
l~
14,217.43
1~
17.80UO
),576.n
1,72S.98
19,530.18
10,986.59 ),321.91
14,)08.50
Current AHets: Cash: Cash on hand , office &. Mine &: in Peoples Bank &: T rUse
Co ............ . Materia b and Supplies Deferred Charges: Suspctose Aceount .... Org anizalion Expe nses. Mine DCI'dopment : Operating Atet : Pipc &: Traek Work. .. . . Mine J)cvelopmelll Project
Issued and Subscribed: 1,07,4,100 shares ar 10 Ce()1S fully paid ..... )08,500 shares at 10 cellts partiall)· paid .. Deferred pa ymen ts on Subscription. . 15,400.00 Unissued Scock. .. . 1)1 ,740.00 Reserves : For depreciarion on Plant &:
Equzpment ............ .
For depreciatiOn on Buildings ..
)2.23 12,855.50
6,414.04 1,073.Q3
1>107,410.00 15,450.00
7.4~ . 07
---
] ,08949 80,531.17
1» 1]0, 347 .07 M:lIIila, February 17, 1937.
O. M. SHUMAN , Arm".,,.,,,.
PI}O.}47.07
__________________________~p~mL~~~~P~IN~E~S~______________________ )21 MARIN DUQUE MINERALS, lNG. Head OJ/ice: Manila-Authol'iud Ca;pital: Pesos 6,000 Share.:; of no par Valuc-Pa1"d-in Capital: Pesos 6,000.00. MARINDUQUE OIL DEVELOPMDNT CO. Head Office: 301 Kneedler Bldg., Manila-Re. gistered: June 4, 1936-Te-rtIL' 50 years-Business: To l\'finc, Dig for, or Otherwise, Obtain from the Earth, Petroleum, Rock or Carbon Oils, Natural Gas, other Volatile Mineral Substances and salt and other Mineral s such as Gold, Iron, Chromium, Copper, Silver, etc.-Nationality: Fiiipino--Capital Stock: Pesos 5,000.00 divided into 1,000 shares of the par value of Pesos 5.00 each-Snbscribed Ca1Jital: Pesos 1,725.0O-Capital Paid: Pesos 435.00-I1!C01·porato,·s and Directors: Mercedes 1\L Montilla, Fabian Millar, J ose Aft Uy, S. O. Lindogan, G. Z. Villanueva and Manuel H. Alzate-T" ew;I!rer : S. O. Lindogan, Manila. MAR I NE AND FOREST PRODUCTS CO .. INC. Head Office: Crystal Arcade, Manila-Registered: May 7, 1936-TenJlS: 50 years-Nationality: AOlerican-Ca]Jlt al Stock: Pesos 2,000.00 divided into 2,000 shares of the par value of Pesso 1.00 each-Subsc1'jbed and Paid-i'n. Capital: Pesos 2,000.00- I7!co1·porators and Di1"e~oJ's: A. L. Proudfoot, Roy Tuggle, Emilio D ayaha~, Carlos Zalameda and Jose G. Macatafigay-Trcas!treJ' : Roy C. Tuggle, Manila. MARI NO OLONRIZ Y CIA. Head Office: No. 1l) ·1l5-A Crystal Al'cade, Manila-Registered: Mar:::h 1, 1937-Te"J)I.: One Year from March 1, 1935-B1lsiness: Stock and Bonds Brokers, Real Estat....s, PI'omotions, ctc.-NatioJlalif'y: Spanish-Capitu.l: Pl00,000.00- Contri-
buted solely by the partner Marino Olondl"izMa1rayillU Pr!1'tne,-s: Marino Olondriz, Joaquin Qrio.
MARlO PUBLICATI ONS, I NC. Head Office: Tariac, Tarlac-Reuislll"ed: January 8, 1936-Ter1l!s: 50 years-Business: Publishers-NationaUt·y: Filipino-Capital Stock: Pesos 12,000.00 divided into 12,000 shares of the par value of Pesos 1.00 each-Subscribed Capital: Pesos- 2,400.00-Ca7}ital Paid: Pesos 1,000.00 I7lcorporators and Directors: Carlos T. Roque, Catalino S. Maravilla, Agripina Bagsio, Modesto Redublo, Santiago ]\fila no, Martin B. Gallevo, BuenaventUl"n Quizon and Francisco M. Bautista-T1'easllI'eJ' : Carlos T. Roque, Victoria, Tarlac. MAR'SMAIN & COMPANY, INC. Head Office: Manila-B1·a.nches.. Baguio, Mt. Province ; Paracale, Cam. Norte, P. I.-Nationality : Filipino--Paid-in Capital: Pesos 1,731,570.00Shares: Non P I'.r Value-Amlual Turnover: Pesos 1,412,345.00-Rcllerve: Pesos 323,636.00-Business: Mine Management; Consulting Engineers; Mill and Mine Supplier,; General Agcnts-Principau: J. H . Mars man, Chairman, J. O. Enberg, ·W. H. Brown, E. E. W~ng, G~orge C. Dankwerth, A. Bcckerleg, T. J . Wo\ff, Elmcr Mad$(,n, Benjamin S. Ohnick, Alf Wclhaven ·- Tel egraph: "!\1arsman" -- Codes: Acme, Bentley!>' Second Phase; Completc PhaseBank Referenco: Peoples Bank & Trust Company; Chartered Bank of India, Australia & China, Ltd. MARSMAN BUILDING CORPORATION H('ad Office: Mar<;man Bldg., ManilaRegilltel'ed: September 7, 1936-Terlll: 50 years -.8 118iness: Real Estate Agents, etc.-Nationality: Filipino-Cal)itnl 5tock: Pesos 100,000.00 divided
THE MARINE INSURANCE COMPANY, LIMITED Balance Sheet as of December 31st, 1936 ASSETS Cash on Hand :md in Banks .. S 1l},652.n Rul Estue owned by [he Company at Book Value .... 37,500.00 Stocks and Bonds, etc., at Book Value. 10,914,660.43 Net Premiums uncollected on Policies issue:<! within three months .. 1,850,46}.16 All other property belonging to the Company. 238,999,51
L1ABLLITIES Losses in process of Adjustment . $ 68,650.00 Tot:tl Unearned M:trine Premiums :ts co mputed in Schedule .. 347,794.69 380,177,42 All other demands aga inst the Company. Due and accrued for salaries, rent, advert isin,a: and for age nc), and other miscellaneous ex3,528.08 penses ....... ... ... . ............. . . ' ..... . 3,000,000.00 JOlllt-Swck Capical actually paid.up in cash .. . Surplus beyond Capital and all othcr Liabilities.. 9,365,125.68
Aggregate :tmount of all the Assets of the Company, stued :tt their acro:tl \':tlue. . . $ 13,165,275.87
Aggregate amount of all liabilities, including paid-up Capical Stock and nc[ Surplus ..... $ 13.165,275.87
THE COMMERCIAL & INDUSTRI AL MAN UAL
322
Representing the Following Products and Firms W. H. ALLEN SONS & CO., LTD., BEDFORD, ENGLAND Diesel EIlgillts
GREAT WESTERN ELECTRIC CHEMICAL CO., SAN FRANCISCO Fiola/ion Rea~wls, Xonilw'es , EI(.
ATLAS POWDER CO., SAN FRANCISCO DYIlIJmile a/ld Supplies
GOODMAN MFG. CO., CHICAGO Troll,), Loco",olil~s alld ComlJu)' Loaders
AMERICAN POTASH AND CHEMICAL CORP., lOS ANGELES
"TRONA" Braud
SOt/II
Ash
BOYlES BROS. DRILLING CO., VANCOUVER , B. C.
Diu//IOlid Drilll CAMERON PUMP CO., NEW YORK Cell/rljl/gal Pllmps
Mine and Mill Supplies and Equipment
COLORADO IRON WORKS, DENVER "A killS" Classifurs
THE MACE CO .• DENVER Smellers, FUr/was, Si"',,illg Ilta rllu
MORGAN REES a.. SONS, LTD., ENGLAND High Gradt Wire Rope
THE DENVER FIRE CLAY CO., DENVER
MORSE BROS., MACHINERY CO., DENVER Mining and '\(il/j"g Madililry
DFC Asso)' Eqllipmell/ (Jlld Slfpplies
DIXON VALVE AND COUPLING CO., PHILADELPHIA Host COllph"gs
JOSHUA HENDY IRON WORKS, SAN FRANCISCO Jlfillt lIoisls
MANCHA STORAGE BATIERY LOCOMOTIVE CO., CHICAGO Baller)' LO(oIllOlit"'s
CRUCIBLE STEEL CD, OF AME ItA NEW YORK Drill Sleel alld De/acllable jls
DINGS MAGNETIC SEPARATOR CO., MILWAUKEE Maglulit Pulleys
JAMES JOHNSON, MANCHESTER , ENG . " J!1/lxoro" Corduroy Clolli
Gasoline Oils Greases
B. F. MCDONALD CD., LOS ANGELES Mill"s Safely llals NEW YORK ENGINEERING CO., NEW YORK Empi,e Drills
THE EIMeD CORP., SALT LAKE Nt:11J (wli SuomI H allrJ ,l faclliller),
THE STREAMLINE FILTER CO., LONDON. ENGLAND Oil Fill"s
FRASER" CHALMERS ENGINEERING WORKS, ERITH , KENT BaJ/MiIlsa"d Heavy Mi,li", Maclli",,)'
T. C. WILSON CO., SAN FRANCISCO Pi", Oil
C, C. FILSON CO., SEATIlE lIals, COllis, Pallls, Waltrproo!
JUSTRITE MFG. CO., CHICAGO Carbide Lamps
• MARSMAN TRADING CORPORATION I
PHILIPPINES into 1,000 shares of the par value of Pesos 100.00 each-Sltbscribed Ca.pital: Pesos 20,400.0O-Capital Paid: Pesos 5,400.00-hlco)·po)·ators rlmd Directors: J. H. l\1arsmnn, Benj. S. Ohnick, Geo. C. Dankwerth, A. L. Velilla and A. V. Santil\go--T?'eas!ln~l': A. F. Kelly, Ma nila. MARSMAoN EXPLOIMTION COMPANY Head O/iice: Post Office Box 297, ManilaRegistered: October 10, 1936-Tel"/"l!: 50 yearsBusine.~s: Minerals, Meetallic, Non-metallic or Gas, and to Locate l\"lining Claims, Placer Grounds or Lodes within the Philippine Islands, etc.-Nationality: Filipino-Capital Stock: Pesos 200,000.00 divided into' 2,000,000 shares of the pal' value of Pesos 0.10 each-SnbsC")'ibed Capital: Pesos 40,OOO.00-Capital Paid: Pesos 10,000.00-3. H. MaJ"sman, Benj. S. Ohnick, Mrs. Mary A. Marsman, E. E. Wing, Geo. C. Dankwerth-T"easu?e)': A. F . Kelly, Manila. MARSJ\[AN DEVELOP"MENT COM P ANY Head Office: Manila, Philippines-Registered: October 10, 19\1t)-Te)"1n: 50 years-Business: To Mine, Quarry, Work and Develop Mining Grounds, Claims or Lodes, and to Cl'usQ, Concentrate, Smelter, Refine, Dress, Amalgama~e and Prepare for Mal1ket Ores, Metals and Minellal Substances-Nationality: Filipino-Capital Stock: Pesos 200,000.00 divided into 2,000,000 shares o~ the par value of Pesos 0.10 eacl>-Subscribed Capital: Pesos 40,OOO.OO-Capital Paid: Pc .os 10,000.OO-Di1·ecto)"s: J. H. Marsman, Benj. S. Ohnick, Mrs. Mary A. Marsman, E. E. Wing, Geo. C. Dankwerth-Treas_ urer: A. F. Kelly, Manila. MARSMAN INVESTMENTS, LIMITED Head Gfjice: I\Iarsman Building, Port Area, Manila, P. I.-Registered Office: 149 Leadenhall Street, London, E. C.3, Ellgland-Nationalit11: English.Anlerican-Business: Holding Company-Capira!: £500,000-Shares: 1,OOO,000_Pal' Vahle: .£O.lO.O-Directo)·s: Jan Hendrick Marsman, Chairman, George W. Kerr, Benjamin S. Ohnick, Henry P. L. JoHye, George C. Dankwerth, Eugene E. Wing Telegraph Address: "MARSMAN"--Codes Used: Acme; Bentley's Second Phrase; Complete PhraseRa?!k He/e)'lnlce: Chartered Bank of India, Australia and China. MARSMAN TRADING CORPORATION Head Ofiice: Marsman Building, Port Area, Manila-8l'a1!ches: Baguio, Mt. Province; Paracale, Camarincs Norte-Incorporated under Philippine
323
Laws-Establislleci: September 1, 1937-AuthQ)'ized Capital: Pesos 3,000,000.OO-Paid-in Ca1Jitat: Pesos 1,500,000.00 (September 1, 1937)-Business: Machinery and Supplies-P"incilJUls: C, H. Hirst, J. H. Marsman, Benj. S. Ohnick, E. E. Wing, C. H. Hirst, A. F. Kelly-Telcgl'apk: MarstracoBal!k Re/el'ellCe: Peoples Bank & Trust Co., Chartered Bank of India, Australia and China. M. MARTINlEZ & COMPANY Head Office: 36 P. Moraga, Manila, P. 1._ Na.tionality: Filipino--Business: Stock BrokersEstablished: June 16th., 1933--Principals: Maria Martinez and Jean Arnault-Capital SUTplus: Pesos 277,000.00 - Correspondents in HongkongTclcgnt.plt: "M:>.rtex"-8ank Reference: Hongkong & Shanghai Banking Corporation.
MARUBISHI YOKO, IMPORTER & EXPORTER Heall Office: 919 Juan Luna, Manila- Rfgistered: February 13, 1936-Bltsiness: Import and Export--Authorized and I'aid-i)~ Capital: Pesos ] O,OOO.OO-Proprietol·: 1\1 Kubo-Bank Re/uence: Philippine National Bank . Philippine TI'USt Company.
M. Martine z & Company 36 P.
MORAGA,
MANILA,
P. 1.
STOCK BROKERS
Principals:
MARIA MARTINEZ J EAN ARNAULT
Telegraph Address: "Martex", Manil4
THE COMMERCfA L & INDUSTRI AL MANUA L
324
MASBATE CONSOLIDATED MINING Co., INC Balance Sheet as at Decem ber 31, 1936 .... SSETS
LIA BJL IT IES Capital: Au t horized50,000,000 Shares of 10 Ccnuvos E:l.ch
Fixed Assc[5:
Mine: & Mining Pro(X'rtics .. Mlli &: Mill Mach inery .. Buildings &: Improvements. Miscc:lJancous Equipment .. Roads. Trails &: Bndges, ..
Panique.CoJorado Ra ilroad. Machinerv in Trami! or on Order.:.
1>1,970,86}.45 1,542,O}B.)9 132,670.56
605,073.37 )82.39 8),448.19 1'4,))4,476.35
Advances to Compier!: Paymen t for Protection of Propcrtic$ . . .. .. .. .. . .... Current Assets: Cash on Hand and in Banks .. P 95,114.03 Bullion in TransiT. 391 ,095路15 Deposits with Govc:rnment .. . 1,327.00 A(COUnIS Receivable . . . . . . 36,018. n Interest Accrued. ",' in"cnloriesBodega Suppl ies '1' 2)8, 41.12
Store:.. .. .. .. .. . Mess
and
950,000.00
1,7~2
Subscribed and Paid Up-: 50,000,000 Shares of 10 Ccnu\'os Each .. 1'5,000,000.00 ( Ccrcifkat.:s for 1,777.777 Shares were not issued at December 31.1936, pending litiNation but were issued during January, 1937). Current Li abil ities : 1'222,462.2 1 AccounTS Payable. , .. DraflS P:l.yable ..... 33,660.07 Accrued Payrolls .. 57.944.19 Accrued Tues.. 30,122.03 350,361.55 MisccJlaneou$ Liabilities.. 6.173.05 Resc t\'e for Depreciation on Fixed Asscts ..... Reserve for Mme Amor ti zation .... Surpl us: Ba];;r.nce as:l.t December 31 1935 1)178,160.97 Net Profi t for the Ycar as per 278,880.93 Profi t 3nd Loss Account.
16,93<,74
Hos-
pital Supplies.
1~5,OOO,000.OO
158,534.55 164,598.48
( . 457.04L90
257,647.78
Supplies in Tunsit, ..
25,955.39
Organi.1;:lcion Expenses .. Insurance UnexpIred ... M iscd 13neOU$ Prep3id E xpen~s
15,938 .20 22,964.46
807,157.47
38,902.66
--1'6 ,1)0,536.48
PROF IT AND LOSS ACCOUNT, For the Y.::at Ended
Approved: A . SORIANO, Pmidtnf .
WHITE, PAGE
December 31. 1936
&: CO., ChllrfmJ Ar(~unraIlfJ, A"Jir~rJ.
FLEM ING & WILLIAMSON, C/JllrrmJ ArwmranfJ, A"d,forl. Operating ACCOlllH for Ye3r Ended Decem ber 31, 1936 To Operating Expenses: Mining. " 767,045.40 Milling 677,009. 29 Marketi ng. 2],736.99 General O'路erhead ... 121 , 519.09 PI ,690,210.7i .. O perating Profit
319,332.56 1' 1,009,543.3)
By 0ietating R,:,路.:nuc: S:l.le of Bullion.
"2.009,543.33
207 .46 48,960,00
Organ ization and L.cgal Expenses.
Loss on Sa le of Equipment. 6,072.02
Directors' Fees. Income Tax ..
16,732.86
Net Profit ....
278,880.9)
r
351,753.27
P 319,)32.56
By Operating Profit . Interest Earned
1,1)7.49
Exchange .
1,640.00
Miscdl.lneolU In comeStore Operation .
1'1.009,543.}}
I'
To Non.Opcratin,l; Expenses
Mi$Cel.
1'18,399 .19 10,244 .03
28.64,.22
J' )51,753.27
PHILIPPINES L-
ST. MARY'S HOSPITAL, INC. Head O/ficf: Manila, P. I._Reuistel'ed: May 25, 1936--Tern~: 50 years-Capital Stock: Pesos 50,000.00 divided into 50,000 shares of the value of Pesos 1.00 each-S!tbsc)·jbed Ca,pita!: Pesos 15,301.00-Capital Paid: Peso 10,103.00-Incorporators and Directo?'s: Catalina V. Valdes, Jovita Coronado, Albino Rodolio, Hebron, Juan Santos, Jose C. Areo, Euiogio, B. Barrientos, JoP.quin Quintos and Pedro Quintos-Tre/Jl<lIrew : Juan Santos, San Antonio, Zamboles. r.foASBATE CONSOLIDATED MINING CO., INC. Head Office: 4th Floor, Soriano Building, Maniia_A1tthorizei Capital: Pesos 5,OOO,OOO.OO--Di. ?'ectol'S.- Don Andres Soriano, President, J. Fraser Brown, Vice-President, Don Ricardo Deseals, Direc· tor, J. H. Sampson, D\rector, A. M. M~cleod, D~rec. tor, Antonio Roxas, Dll'ector, L. R. Nielson, Director-Angel M. Varela, Secretary-A. M. Macleod, Treasurel'-Audito)'s,- Fleming & W~l1iamson Consulting Engi'lleel-.- Mr. J. H. Sampson-Bank Reference.- Chartered Bank of India, Australia & China; Peopl~s Bank and Trust Company; Crocker First National Bank of San ~rancisco. Annual Report 1936 :-During the past twelve months, the program of mine development and mill expansion as outlined in th 1935 Annual Report was carried forward. Panique Mine;-The Panique Mine Develop· ment and prepartory work necessary to open new caving blocks was completed so thab the mine at present is capable of maintaining sufficient ton· nage to supply the mill at l'ate of 2,000 tons daily. Considerable difficulty was experienced early in the year in attempting to draw the desired ton· nage frm the 4 % level Wyoming caving stopes which had been successful in earlier operations on a small tonnage. This difficulty wns most serious and numerous raises ...vere run from the 600 level to draw the ca ....e above the 4% directly, in place of the previously planned arrangement of handling this ore from chutes on the H2 and scraping the rock to a system of co-ordinated raises. The early failure of this system to properly function resulted in the drawing of a large tonnage of undesirable material where individual l'aises holed t hrough to the surface and which lowered the grade of or~ and introduced ser ious difficulties in handling this clayey material in the plant. (New sections were opened in the Doris area and a propel' rystematic undercut caving system
325
was laid out by Messrs. Monahan , Booker, and Scanlon which has recently gone into operation with excellent results. 'Sw'face mi'ning and scraper operations have been canied Oil during the entire year, delivering a fair percentage of the total tonnage milled. A diesel operated '% yard Marion Shovel was placed into operation 2.uove the 300 level contour and has proven entirely satisfactory lowering the cost of former hand r:lining by over fifty percent. The grade of one from all surface operations was main· tained at the estimated figure, Development of the Breccia vein proceeded along with mining operations and has indicated a considerable increase in tonnage over that formerly estimated. A crossut has lately been completed to this vein on tho?; 600 level and drifting started to come under the strng section of this vein on the 41/.! level above. The Bin and Star Vein development on the 600 and 700 levels has been extended opening a minor tonnage between and above these levels in both virgin and previously stoped gl'ound. The 700 Main Cross·cut reached the Nancy l'eplacement ore-body which in part may be mined economically from the surface. Development and mining operations in the division have il'dicated a lower grade of ore than previously estimated but operations to date have also indicated substantially lower costs than were felt could be maintained. This has been due to an extremely efficient operation conductea by Mr. Colorado Superintendent. Ore Reservts :-Geo. Broomell, resident geolo· gist, has started a systematic geological mapping of both Panique and ColOl'ado and will have a detailed orc; reserve 1'el)Ort pl'cparecl 011 completion of this survey amI additional informative development work now in progress. Mill: - Mill construction propel' was complete<i early in September to enable the plant to hand le the scheduled 2,000 tons daily. A number of difficulties were encountered due as previously ~tated to excessive clayey material and to the failure of washing plant to function properly, These difficulties were reflected in higher costs and lowerea extraction. The flotation section designed to recover values from the washing plant slimes has given extremely low extraction and efforts are now being made to treat this mutatial in the slime plant directly, pend. ing the erection of further equipment to adequately handle this material.
326
THE COMMERCIAL & INDUSTRIAL MANUAL
Further equipment is being installed to augment the precipitation and filtration sections and to r.-ive continued grinding operations. Five Marcy "86" mills have been installed, IouI' of which will be in continuous openltion pending the completion of the additional filtration and clarification sections. A secondary washer is being installed between the Primary and secondary crushers, the successful operation of which will alleviate the difficulties now present in the Simmons crushing plant and increase the grinding efficiency. The plant has been able to grind and treat over 2,000 ton:; Lut it has been deemed advisable to hold the tonnage to around 1,700 tons daily until all additions and corrections ha\'e been made in order to maintain a proper extraction. The December and J<lnuary (1f!37). results haye been most encouraging and no \~l1certainty is felt in the final outcome of the plant a'djustment now being completed. In addition to the above, extensive improvements were made to the laborers' quarters consisting of the construction of new hpuses, restaurants and hospital quarters. A two-story a"my barracks was constructed to house the l'egular Rio Guinobatan soldiers. The Puro Water tanding and bodega was extending, increasing the efficiency of the transportation system. MASBATE GOLDFIELDS, INC. Head Office: 5th Floor, Insular Life Bldg., Manila-Property and Mill: Pajo, Masbate-Registe)'ed: November 8th, 1935- Tel'lII: 50 years-Busint'ss: Mining, Place,· Mining Milling, Concentuting, Converting, Smelting, Prep.1l'ing for Market; M3n\tfncturing, Buyillg, Selling, Exchanging, and otherwise Producing Dnd Dealing in Gold, Silver, COppCl", Lead, Zi nc, Buss, Iron, :i! lecl, Limestone, and a ll kinds of orcs, Metals and Minerals, etc.-i\'«.tional·ity.- Filipino-Capital St(}c/':: Pl,500,000.00 divided into 15,000,000 shal'es of the par value of PO.10 each-Sllbscribed Capital' \'l,350,000,00-Calpitat Paid-in 1'1,350,000.OO-Dil·ccto)·s: Placido L. Mapa, S. F. Wittouck, Francisco Ortigas, Jr., J. Martin, and E. J. Deymek-Office)'s: Placido L. ~'Iapa, President; S. F. Wittouck, Vice-President: MarianCl Conde, Secretary; S. F. Wittouck, Treasurer; S. F. Wittouck, Manager; L. David, Assistant Manager. MASI NLOC CllROM ITE MIN I NG CO., I NC. Head Offi('tt. : Manila, Philippines-Registered : November 25, 1936--Term: 50 years-Business: To Acquire. Own, 'York, Lease, Mortgage, Sell, and
Dispose of Any Mines, Mining Rights and Metalluferous Land, and Any Interest Therein, and to Explore, work, exercise, develop and turn to account the same, etc.-Natio1wlilty: FilipinO-Ca.pital Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the value of Pesos 0.01 each-S/lbscribed Capital: Pesos 200,000.00-Capital Paid: Pesos 52,063.00blcoI·pora.tors and Directors: Nicolas Estella, An· dres R. Camasura, Juliano Estella, Aida S. Lopez, Cristeta H. Valensoy, Conrado' A. Uy, Pedro T. Lopez, Rosendo O. Subido. (Com'ado A. lilY and Pc· d1'o T. Lopez, are incorporators only) and (Rosendo O. Subido, is an incorporator only)-Tl'easll1"Cr: Pc· <1ro T. Lopez, Pnraiiaque, Rizal. MAYAG SU RIGAO GOLD CO., I'NC. H ead Offioe: 70G A. Mabini, Manila-Registered: October 13, 1936-Term: 50 years-Business: Mining, Milling, Exploring, Concentrating, Converting, Smelt.ing, Treating, Preparing for Market, Manufacturing, Buying, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Ores, Metals and Minerals, etC.-Nlltionality: FilipinoCa.pi~t Stock: Pesos 1,500,000.00 divided into 15,0(;0,000 shares of the pal' value of Pesos 0.10 each-SubscI'ibfJd CalJital: Pesos 338,000.00-Ca.l)itnl Paid: Pesos 84,bOO.OO-hlcorporatol·s and Direotors: Fl'ancisco Soriano, Rosario J. de Soriano, Benjamin Jalandoni, Paz L. de Jalanc\oni, Jose Soriano, Manuela L. de Soriano, Josefa Vda. de Segovia, F.;! Montinola, Caridad Montinola, Sol S. de Sorianft, Estela S. de Zayco, Jesus J. Soriano, Belen J. So· riano, Amparo S. de Rodriguez, alld Homero J. Soriano. (Rosario J. de Soriano, Paz L. de Jalalldoni, Manuela L. de Soriano, Belen J. Soriano, and Jesus J . Sorianl.l, arc incorporators on ly). MAYON I RON COM P ANY, I NC. Head Office: 401 Cu Unjieng Bldg.-Registllred: June 15, 1936--Tel'm: 50 years-BusinGss: Mining, Milling, Concentrating, Converting, Smeitinc, Treating for Market, Manufacturing, Buying, Selling, exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, etc.-Nationality: Filipi no-CaJ1ital Stock: Pesos 20,000.00 divided into 20,000 shares of the par value of Pesos 1.00 each-Su'nlcribed Capital: Pesos 40,000.00Capital Paid: Pesos .1,000.00-11lco-rporaiol"s and Directors: Pio Duran, Geronimo de los Reyes, Ambrosio Pablo, Juan Fuentes and Ernesto Y. SibalTreasurer: Geronimo de los Reyes, Cu Unjieng Bldg., Manila.
PHILIPPINES rtfECCA HOTEL Head Office: Baguio, Mt. Province-Registered : August 6, 193IJ-Te"m: 25 years-Business: To Conduct Business of Hostelry, Restaurant, and First Class Bar, etc.-Nationality: A.merican-Ca· pital Stock: Pesos 50,000.00 divided into 500 shares of the par valUI! of Pesos 100.00 each-Subsc)-ibed Capital: Pesos 50,000.00-Capitai Paid: Pesos 49,· OOO.O{}-Inco)·l'vl'ators alld Directol'S: Dell Clark, H. P. Warren, Marion E. Martin, John Crocker ano! Antonio Rimando-Treasl!rc)': Dell Clark, Baguio. Mt. Province. MENZl & CO., I NC. Head Office: 180 Juan Luna, Ma nila-B'ranch_ es: Cebu; Iloilo-Nationality: P hilippine Corporation ; President ami Gelleml-Managel': SwissBusiness: Importers, Exporters, Manufacturers; ~hippin~ and Insuranc\ Age~ts-:-E8tablished: 1921 10 Mamla and Branch(;s-Pl'Z1lc~pals: J. M. Menzi, President and General rt1'anager; J. KaufmannAuthol'ized and Paid-ill CalJital: Pesos 500,000.00Pal' l'a lue of Sharcs: Pes(ls 100.00-Annual Turnove,': Pesos 4,000.000.00-Resc)'1Ies: Pesos 250,000.00 -Dividend: 14 % (1935)-Teleumph: CasamenziBank Rcferences: Bank Ot the Rhiiippine Islands; National City Bank of New York \ Chartel'ed Bank of I ndia, Australi;!. anrl China; Hongkon£, and Shanghai Banking Corpor::lion; Philippine National Bank. Managing Agents for: Basilan Co., Inc, Tsabela de Basil5n, P. O. Box MO, Manila.-Agents for: Stickstoff Synrlikat G.Il1.b.H., Berlin; 1. G. Farbenindustrie A. G., Fl'ankIut aIM; Deutches Kali Syndikat G.m.b.H., Berlin; Rickmers Linie, Hamburg; The Enst Asiatic Co., Ltd., Copenhagen; NordDeutsche V(H'sicherung!;-Gc~ellch aft, Hamburg; Hanovel' Fire Insul'ancc Comlluny, New York; International Assurance Co., Hongkong; The Netherlands Insurance Co., est. 1845, The Hague, (Holland); Verein Hamburger Ass:eku'·adeure. Hamburg; Paul Wyler & Co., MnunfactUl'ers of Swiss Watches, Baise; Ferd. Mulhens Eat1 de Cologne No. 4711, Cologne; J. S. Staedtler, Mal'S Penci ls, Nuernbcrg; Gunther Wagner, Pelikan Werke, Hannover; Farbenfabriken Berger & Wirth, Leipzig; Union Commerciale Beige de Metallurgie S. A., Bruxelles; Pars:ons &. Whittemore Inc., New York; Arthur R. Johnson Co., New York; Golden State Milk Co., Ltd., San Francisco; N. V. Utl'echt EXport Company, Rotterdam; Koekums Emaljelveri'i, Ronneby (Sweden); C. Andre & C'I, Hamburg; Sch!umbom
327
Boeki Goshi Kaishn, Osaka ; United Supply Co., San Francisco; Park, Benziger & Co., Inc. New York; Henry Rosenzweig & Co., Inc. New York; Sissons Bros. Hull, England. METALS I NVESTMENT AND MANAGE:\IENT CORPORATION Head Office: 321 'San Vic~nte, Manila- Regist::'1'ed: Septnmbel' 31'd, 1937-NttLionality: FilipinoAllthorized Ca1Jitai: 400 Shares-Subscribea' Caplial: T'eJo,os 2,000.OO-Pllid-17t Callitat: Pesos 1,000.00 - Inc<"'1/{1,'ators: Juani.to Baldeo, Max Garcia, Cornelio Ogad , Consuelo L. Javier (Widow) Dra. i\'1ena Espinosa (Single), Rita Alvarez (Single) and Mrs. Marcos Lagal'. METROPOLITAN BROKER'AGE CORP. H ead Offit'{!: Rooms 216-218, Kn~dler Bldg.Registe )'ed : June 27, 1936-Tenn: 20 years-81Isi. neSE: Agents ill Securing Loa ns on Real E state, Securities and Chattel Mortgages-Nationality: Filipino-Capital Stock: Pesos 20,000.00 divided into 20,000 shares oi the par value of Pesos LOa eachSllbscI'ibed Ca!)ital: Pesos 4,000.00-Capital Paid: Pesos 1,OQO.00-blcol·I)Ol'atoJ's: Jose Hernandez Gavira, Atal}acio V. Al'aneta and (Mrs.) Remigia Gon_ zalez-TI'eusure)': Rcmigia de Gonzalez, 39 Riverside, San Juan, Rim!. METRO DReG CORPORATION Head Office: 880-P82 Rizal Avenue. l\IanilaNationality: Filipino-Bllsilless: Manufacturing Chemists-Established: Ja1lUary 1932-Principals: Dr. Antonio Var.quez:, President, Dr. Ramon F. Campos, Viee-President, Dr. 1.\1;.<; Lauchengco, Treasurer !'Ind Acting-Manager, Dr. Eugenio Quesada, Member, Dr. Patl'ocinio Valenzuela, lI'rember, Dr. Olimpio Villacorta, Me'mber, 'Elte Akrass. Membe r-·Atdltol·_ ized Callital: Pesos 100.GOO.00_ Paid_in Ca]lital: P esos 60 ,000.00-Pm· Val1i e of Sha1'es: Pesos 100.00 -A!/encies: Hart Drug Corporation; Chappel Bros.: Furst McNess Company; Jo'rcnch Smith Laborato!'ies; Carlo Erba; E. L. Patch Company-Telegraph Add"ess: Medruco- Ba1lk R eference: Philippine National Bank; Peoples Bank & Tnlst Company. METROPOLIl' AN ENGINEER ING AND CONSTRoUCTION CO., I NC. Head Office: FiJipinas Bldg., Manila-Registered: January 21, 1936-Term.: 50 years-Business: General Construction, Engineers-Nat'ionality: Fili_ pino-Capital Stock: Pesos 100,000.00 divided into 100 shares of the pal' value of 'pesos 1,000.00 each-
(PARA-AMINO- BENZENE- SULFONAMIDE) Wit h Urotropine & Strychnine .
OTHER INDICATIONS Erysipelas, post - abortum
J
fOR ORAL USE 1-2 tablets
every 4 hours,
according
to
sepsis, a nd all age, weight,
streptococcus infections.
sta rc, and tolerance of subject.
Packi ngs: Litera tures
Bottles of 15
and sa mples
and 100
on req uest.
tablers.
PHILIPPINES
329
Subscribed dud Paid-in Capital: Pesos 44,000.00hlcorpora,tol'S (md Dit'ectors: Cayetano Rivera, Fernando Ocampo, Dna. Victoria H. de Rodriguez (Vda.) Virgilio Roodriguez, Francisco Gamboa, Lourdes L. de Ocampo and Du. Leoneia H. Vda. de Ocampo---Virgilio Rodriguez, San Fernando, Pampanga.
ABC 5th Edition, Aome-P1'incipais: J. R. Schultz, President~ M. R. Schultz, Managing Director; V. Delgado, Tl'easurer-Secretary-Aueltcies: National Company, Inc.; Malden, Mass., UI.S.A.; Collins Radio Company; Cedar Rapids, Iowa, U.S.A.;-Corncel Rubber Condenser Company, New York, U.S.A.Bank Reference .. Bank of the Philippine Islands.
METROPOLITAN MINING MANAGEMENT
MIGUEL AND CARING~'iL Head Office: Room 4U8 Fel'llandez Bldg., Manila-Registel'ed: August 25, 1937-BII8i1l688: Real Estate-Nationality: Fill;lino-Capital: P200.00 j Ca.pital contriblltcd by eac;f 1)(U·/.7~er .. Severa B. Miguel, P100.00; Honorio Cat'ingai, J)100.00-ilta71agel': Severo B. Cal·ingal.
COMPANY, INC. Head Office: Manila-Registered: August 27th, 1937-Authorized Capital.: 400 Shares (no value declared)-S1Ibscribed Capital: Pesos 2,000.00-
Paid-in Capital: Pesos 1,UUO.OO-Natiol1aiity: Filipino---IncorpOl'utors.- Isma~'l Golez, Juanito Baldeo, Ismael Galez (Mrs.) SoeO't.ro G. de Ledesma. Jose Fuentes, Jose A. de Jesus and Eugenio Osias.
MILLION DOLLAR MINES, ItNC. H ead Offi('es: 427 SamanilJo Bldg., l\'JanilaRegsitered: Seplember 18, 1936-T6n)~: 50 yearsB1lsineBs: Mining, to Secure, Purchase, Lease, and Operate Mines and Mining Claims and to Purchase, Erect, Lease, anu Operate Milling Concentrating Roeducing, S,melting, and Refining Plants or ,vorks of any and every kind for Mining, Milling, etc.-Nationality.' Filipino----Capital6toc/c: Pesos 1,000,000.00
METROPOLITAN RADIO CORPORATION Head Offu;e: Metropolitan Building, Manila , Philippine rslands~Nationality: Amel;can~Busi ness: General Merchants~Establi8h.ed: May 23, 1933~A1tthorized Capital: Pesos 50,000.00-pa.r Value of Shares: Pesos 100.00~Annual Turnoller: Pesos GO,OOO.OO--Reserve: Pesos 28,OOO.00-Dividend: Pesos 10O/c-Telegl'aph: "Metrad"-Codes :
IN THE PHILIPPINES
It) s Always METROPOLITAN T T. RADIO T • • CORPORA TION METROPOLITAN· THEATRE· BUILDING MANILA Ii!
LARGEST RADIO SUPPLY HOUSE IN THE ORIENT
330
THE COMMERCIAL & INDUSTRIAL MANUAL
divided into 100,000,000 s hares of the par value of Pesos OJ)'! each--Subscl'ibed C(tpital: Pesos 250,000.OO-Capital Paid: P esos 62,500.00-171corporatorll and Di)'cct<n"s: Jorge L. Aranetu, Jose C. Zulueta, J, Amado Arancta, Ambrosio Ramos, Joseph Arcache, Isidro Lopez, Vicente Escaia, Manuel S. Araneta and Pacifico Ledesma-(Ambrosio Ramos, Joseph Arcache, Isidro "Ulpez (.nd Manuel S. Araneta, are incorporators only)-T1'e{ISlIl"cr: J. Amado Araneta, 1\lani1a, Philippines. MINAS DE PAlNAY, IN C.
Head Office: Iloilo, floilo- Rcyisttwccl: August 7, 1936-Tenn: 50 yeul's-B1tsinells: Ores and Minerals, Milling Claims, Grounds, Placers, Lodes, Mineral Deposits or oil shoal beds in the Philippine I slands or in Foreign Countries, etc.-Nat-iona.l·ity.' Filipino---Cal)ital Steck: 20,000 shares, all of which are without nominal 0t' par value-S1IbscJ·ibed Capital: 4,000 shares-CaVited Paid: Pesos 20,000.00/)tcOl·poratol·s olld Directol's: Claudio Aldecoa, B. D. Dillow, A. ,Ie Aboitiz ~naga, Juan basi and Jesus Isasi-TreaSU1'el': Jesus Isasi, Hinigaran, Occ. Neg., P. 1. MINDANAO HAl\1AMALI l\~INES, INC. Head Gi/ice: 3rd Floor, Yutivo Building, Dasmariiias,Mani!a-Pl·opertics.' Surigao---BlIsi)!ess: Mine Opel'Utors- fiJstablis/ted: O('tober 2, 193&AdhQ1·ized Cfl,I,ital.' Pesos 2,000,000.00-Pur VaLtle oj Shares: P esos O.OI-Paid-i)1 Capital: Pesos 386,852.50-DirecttH·s-Vicente Lopez, J'l'es., J. V. Baglas, Vice-Prcs., F. A. Delgado, F. H. Stevens, Dr. R. Abriol, ,V. A. Chittick, P. P. Sel'villas, Members, Jose D. Alvir, Secre!tary, Victoria Je!se!na, Tre!lsurer -Bank Re/erellce: Philippine National Bank; Philippine Trust Company. Pl'osJlectillg (August 15 to Septembel' 15, 1937)-Prospecting was contir:lUed in Block "A" along Pelipit Creck where considerable float had been found. Thi<; float leads to two outcrops which are being. opened by opencuts for propel· sampling. A grab sample fl·om one outcrop containing gray quartz and manganese assayed $1.40. A grab ;:;ample from the other outcrop conlained quartz and I'ed clay with sulphides. It assayed $1.05. 1',ul1teling- Lilia Tunnel: This tunnel has a total length of 51 feet. The objective should be l'C':,eloJcd :n 50 (Jet more; this win cut the vein at an estimated depth of 60 feet.
The following sawples arc from the Lilia outcrop: Sample Assay at $35 No. Width iIIatel"ial per Oz. 1 8 feet ] I·on pyrite in quartz and limestone, $4.20 2 4 feet Gray quartz with sulph ide, $5.95 3 8 feet Gmy quartz and sili$5_25 eious black limestone, 4 4 feet Only gray quartz, $5.60 .Miami TlIlI1lel:-Miulni tunnel has a total length of 76 feet. It is advancing in soft material. The outcrop is weattlered quartz in a black limestone. Assays $3 .85. Materials showing no sulphide. E lIting 7'lIn11.81 :-Twe:.ty feet of opencut were required to sbll"t this tunnel due to soft surface material. Foul' feet of :Idvance has been made from the portal which is now timbered. Ot/le)· A ctivitie8-Tri(l l 81t11dillg :-Three prospecting trails have been cut fro m the main camp to the camp in Block "A ". One 011 the nort.h through Blocks "A" and "8"_ One on the south passmg throu~h Blocks "A", "B" and "C", and a middle tl-ail through Bl ocks "A" and "B". Another trail along the! east. side of the mountain from the top working down to about the middle outcrops, trails and camps is being prepnl'ed. Map}li.ly:-A working map locating tunnels, of the slide in Block "A". CCUlIl's.'-A llew tempol'al'\' camp will be built on Pelipit Creek [01' pl·osr,ectillg this area.-ALVffi & Co., lN C., (SWI.) WALTER.T. EATON, Chief Ellgineel". MINDANAO LUMBER COMPANY, INC. Head O/fict:: 6GO Alvarado Street, Manila, Philippines - Natio)w/itll: Filipino - BlIsiness.' Local Wholesale and Retail Philippine Lumber Dealers and Exporters of Philippine Mahogany-Establish",d: July 10th, 1913-AutlI0'·ized Capital: Pesos 1,OOO,OOO.OO-Paid Up Capital: P esos 1,000,000.00Par VallIe of Shares: Pesos 1,OOO.00-Te/cgral)h: "R-amago"--Codes: Ac:me---Tl·ade Mark : MLCOPri1lcipals.' Federico Go Tua, President and General Manager; Go Kek Ling, Vice-Pres ident and Assistant General Manager; John F. Gutuaeo, Treasmer; I sidoro F. Fojas, Secretary; J ohn Go Hiap, Domingo Gotauco, Vicente Gotameo and G.T.K. Go Poco, Directors-Bra)!clles: Chingkang Saw Mill, llargosatubig, Zamboanga; Cebu Lumber Yard; Davao
PHILIPPINES Lumber Yard; 7.amboanga Lumber Yard-Agenc ies: Gotuaco & Company, Inc., 214 Soler, Manila-Bank Rejcl'enccs: Chal'rel'ed Bank of India, Australia & China, Manila.
MINDANAO MOTHER LODE MINES, lINC. Head Office: eebu, eebu-Registered: Novem· bel' ill, 1935-TeJ'1n: 50 years-B!tsincu: To Locate, Acquire, Purchase, Buy, Hold, Use, Lease, Take Options for Purchase or Lease, Patent, Develop, Exploit, Operate, sell, Mortgage, Option and Otherwise Dispose of Mines, Mining properties, Mining
Claims, Ore Deposits of Mineral Rock, Earth , Water, Water Rights, Flumes, Ditches, and Foreshore Lease, etc.-Nationality: American-Capital Stock: Pesos 60,000.00 divided into 60,000 shares of the par value of Pesos 1.00 each-Subscribed. Capital: Pesos 12,000.00-Capital Pa1'd: Pesos 3,000.00-in. corporato,'S a.nd DinJctol'S: Hernando J. C. Corvera, Lionel D. Hargis, C. E. Olsen, C. J. Martin, Ong Ring Liang, Stanley W. G. Lehman, Christian A. Larsen, Leonard L. Self and L. J. Godbe. (Ong Hing Lian, Stanley W. G. 'Lehman, Christian A. Larsen and L . .1. Godbe, are incorporators only)Trea surel'; C. E. Olsen, Cebu, Cebu . Cor:,p:my officials report a total pour of P167,. 191.54 for September, 1937, the first month that the plant was in operatior.. Of this amount, P127,191.54 was in the form of concentrates and approximately 1'40,000.00 wOI·th of bullion. MINDANAO OIL COMPANY, INC. Head Office: 425 Heacock Bldg., Manila- Reg·istef·ed: November 9, 1935-Term: 50 years-B1Isiness: To Mine, Dig for, or Otherwi se Obtain from the Earth, Petroleum, Rock or Carbon Oils, Natural Gas, other Volatile Mineral Substances and Salt and to Manufacture, Refine, Prepare for Market, Buy, Sell and Transport the same"etc,-.IVationality: FiJipino-Capital Stock: 2,400 shares, all of which are without nominal or par value-Subscf'ibed Ca"itat: Pesos 6,000.00-- Capital Paid: Pesos 3,600.00 -incorporators and Directors: W. W. Harris , Rafael R. Alunan, W. W. Harris, Jr., Arsenio N. Luz, J. B. Hoover, M. L. Coleman, Dr. Domiciano Sandoval, Esteban Nedruda, Dr. Ricardo B. JamOl'a and Gil Montilla, (W. W. Harris, Jr., J. B. Hoover, Esteban Nedruda and Dr. Ricardo B. Jamora, are incorporators only)-TreMurt1': M. L. Coleman, Manila, P. I. MDN'DANAO SUPPLY, INCORPORATED Head O/firCl: Cagayan, Misamis Oriental-Reg.
331
istered: March tI, 1936--Term : 50 years-Business: To Purchase and Sale of General Merchandise, Including Agricultural Products, Livestock, Personal Properties and Commodities of Every Class and Deseription-Nationality: FiJipino-Capitat Stock: Pesos 10,000.00 divided into 2,000 s hares of the pal' value of Pesos 5.00 each-Sltbscribed Capital : Pesos 2,475.0O-Capitnl Paid: Pesos 7l0.00-lncOrIJOmtors a?td Dil'ectors: Felix R. Acoro, Gervaeio Lojo, Sulpecio'Lugod and Salvador Pacana. (Mrs. C. Boquerin, is a director only)-(Mauricio Aban, is an incorporator only)-Treasurer: Mauricio Aban, Cagayan, Misamis Oriental. MI N DANAO GOLDFIELDS MINING CO., INC. Head Office: 456 Dasmariiias, Manila-Registe)'ed: October 20, 1936--Tel'7Tls; 50 years---Bllsiness: Mining, Concentrating, Converting, Smeiting, Treating, Preparing for Market, Manufacturing, Buying, ,Selling, !Exchanging and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and all Kinds of Ores, Metals and Minerals, etc.-Nfttionality: Filipino---Capital Stock: Pesos J ,000,000,00 divided into 100,000,000 s hares ofi the pur value of P esos 0.01 each--S1tbscribed Qapital: Pesos 400,000.00-Capital Paid: Pesos 100,000.00-171col·porators and Directors: Enrique Zobel, Jarobo Zobel, Rafael R. Munan, Jorge Araneta l Ramol: S. A'l'aneta, Manuel Urquico, Pedro Hernaez, Teodoro Robles, J, An13do Araneta and Cirilo Lim. (J acobo Zobel, Pedro C. Hernaez, Teodol'O Rubles, J. Amado Araneta and Chilo Lim , are incorporators only)-TI'cftslo'eJ': Pedro C, Hernacz, Manila. M INDANAO TRADING COMPANY, INC. Head Office: Manila, Philippin<?s-Reg istel'ed: August 4, 1937-Business: Merchants-Natiollality: Filipino-Capital Stock: J 000 shares of stock of no par vtolue-Capital Subscribed: P2,OOO.00-Capital Paid: 1'500.00-Incol·1)uC"'atol·s: Cesar V. Palma, Diakono P. Jndoc, Bicnven ido S. Pontines, Primo L. Paredes, Salvador L. Palma, Mal'cela Lawas de Paredes and Rosalino bidl'o. MINDANAO PlONEERS, LNC. Hcad Office: Isabelu, Occidental Negros-Registel'ed: October 20, 1936--Term: 50 years---Business: To' engage in agricultUre in general, by taking, leasing, r,urohasing or otherwise acquiring plantations, lands, or interests therein, to own, use, hold, wo..-k, improve, develop and cultivate same,-Nationality; Filipino--Capital Stock: Pesos
332
THE COMMERCIAL
[~_MINE
&
INDUSTRIAL MANUAL
FACTORS, INC.
201-204 NATIONAL CITY BANK BUILDING MANILA
Operators
Promoters
MANAGERS and OPERATORS
OF
UNITED STATES MINING CO. UNITED SOUTHERN MINES, INC. LAKE SHORE MINES, INC. ISLAND COPPER MINES, INC. COMPANIA MINERA DE COBRE CONSOLIDADO Geological Metallurgical Examinations
ORE DEALERS
Cable Address: MINEFACTOl{s, Mal1ila
PHlL1PP1NES 10,000.00 divided into 1,000 shares of the pal' value of Pesos 10.00 each----6ltbscribed Capital: Pesos 2,lOO.OO-Ca.l)ital Paid: Pasos 525.00-h lcol"pom tors and Dil'ectofs : Timoteo Laureano , Basilio S. Me~ dina, Ncmesio A. Gabayero n and Jose Tupaz. (Juan T. SOl'tCl'U, is an incorpom tol' only) and (Teodol"ico Dominado , is a director only)-Trt lmJ1t-rer: Basilio S. Medina, Isnbeia, Negros Occ,
MINE FACTOR S, INC. Head. Office: 201-204 National City Bank Building, Manila-B atIk R!' /e)'ellce: Hongkong a nd Shanghai Banking CorpOl'at:on. ORGANIZA TION
The company was conceived and promoted by Messrs. L. J. Harvey and H. W. Lo"~bard, both of whom arc experiene ed in the wOl'k of promotion , managem ent and ope 'o.tion of mineral propertie s. The work of promotion covers a period of approximately sil" months, and was done at the expense of the two parties named-'fue~' bearing the risk of failure in the event of the Pl'opositio n not having met with acceptanc e, The organizat ion in its broader aspects consists of alu administr ative department , a legal depal'tme nt, a~ accountin g department, and a complete engineeri ng departme nt,
111
in shipping a minimum of three thousand ~3000) tOilS of manganes e ore, and is entel'ing into another contract for anoth1' three t.housand (3000) tons per month to be shipped to the United Stares, The operation at Siquijol' has been highly successful and is productiv e of good profi ts both to the United Southern Mines Inc., and to Mine Factor~ Inc" the managers and operators , Great care ha s been taken to insure the shipment of mangane se ore suitable for the manu facture of feno mangar:e se and of steel, this Cal'\! being reflected in the increased demand for ore from Siquijor, The propel,tie s at Sibutad accol'ding to the engineer' s {'epol'ts, will probably be productiv e of great profits since the grade of the copper ore is acceptabl e commerci ally and is apparentl y of tremendo us value, An engineer, represent ing a group of ore buyel's, is now at the Iwopertie s, for the purpose of making all examinat ion to determine as to whet.her 01' not a smelter 01' othel~ concentra ting plant will be erected on the propertie s, it being highly ad4 vantageo us to ship concentra tes where copper is concerned , instead of the coppel' ore itself, SOURCES OF I NCOME
T he income of the corporati on has been clel'ived fl'om the sale of propertie s, from its managem ent and operation fees and for the services of engineers and prospecto rs in the examinat ion of propertie s for other companie s, Note: This company has conclusiv ely proven that by the exercise of good judgment in the aCIJuisitiCln of propertie s and in skill in connectio n with the mallagem ent and operation of them, together with a knowledg e of metallurg y, especially of manganes e, it is possible to produce and ship at a good profit manganes e ore from the Philippin e I sla nds, 'l'he company employs large numbers of Filipino technical men and laborers and exercises great care in seeing that they work under safe condition s and that they are promptly and fully paid,
ACTIVITIES The functions of the company in general are to conduct metallurg ical and geologica l sUl'vey;; for other companie s, to enter into managem ent and operation contmcts with other companie s along the Jines mel:tioned abo\'e, and to perfOl'm all other functions authorize d by its articles of incorpom tion, The company is at the present t ime actively exploring pl'opertie s for the purpose of d<;termini ng as to whether 01' not they should be acquired eithel' b~' option or by sale for developm ent purposes, The work is being actively conducted by American and Filipino engineers and pl'ospecto rs on the following propertie s; 1. Sayo Fianza Group at Itogon, Benfruet 2, The Sibutad GroU I) at Mindrtnao , 3. The Tabayoc Group in Benguet Province, OBJECTIV .;S The Purposes for which the Company is being The re.sults of the exploratio n works now being formed are: i.-To carryon a general mine condone will determine as to whether 01' not they will sultant bnsinesl; , engaging in geologica l and enginebe taken over fol' futu r e developm ent, The company is now actively managing and ering examinati on'a, exploratio n and dev~lopmel1t of mineral claims, mine managem ent and operation operating the pl'opertie s of the United Southel'n for othel' companie s, buying and selling mineral Mines I nc" at Siquijol' Island and has brought it claims, assayir.;!. metallurg ical examinat ions and into a prodllctiv e state und is now actively engaged the promotion of new mining ventures.
334
THE COMMERCIAL & INDUSTRIAL MANUAL
With the interior organization now in process of formation, and with the technical, legal and administrntivc staff now being assembled there will be no problem connected with the mining industry that we shalt !lot be able to efficiently and economically handle . CAP ITALIZATION
The intcnf.c.n is to capitalize for "'1 ,000,000.00. The capital sto("k is to be divided into shares of a par value of P O.O l each. DIRECTORS
The tcmp01'aTY Board of Directors will consist of L. H. Hal'v~y who has had u wide and success-, Cui ex pcricmct! ill mill ellgineering and in construction work throughout the world. George P. Harpel', r etired, U.S.N. with a wide geological knowledge. George Andl'cws with a wide experience in prospecting ,nd diamond drilling. H. W. Lombard, businessma"n and Alva J. H ill, lawyer, specializing in mining practice. It is proposed to increase the membership of the permanent bOll.rd to seven. It is OUl' desire to build up the strongest board possible from t.he l'anks of businessmen, mining men, lawyers and men versed in finance. A later announcement will be made as to the proposed members. ENGJNEER I l<C
The engineering department will bc divided into two branches, the board of Engineerinr: Consu ltants, the senior branch, und the Staff Engineers, the junior branch. BOARD <n~ ENCINEERI NG CONSULTANTS
This board is now in process of formation. It will consist of five members, all of them leaders in their respective br anches in the mining engineering profession and well ver sed in local mining conditions and problems. They are men of mature e.....:perience and of proven integl路ity. We are pleased to announce that Mr. R. Y. Hanlon, a mining engineer of nlany years experience in many parts of the world one of the pioneers in the examination of Philippine p:'operties which have s ince developed into mines of fJrovcn soundness, has accepted the chairmanship {If this board. Mr. Hanlon's experience and p!'ofessional standing assure this conlpany and its clients of ski ll and honesty in treating their problems. With equal pleasure we announce that Mr. Earl Bedford formerly of Marsman and Company, and now in mine consultant practice in Manila, has a lso
accepted an apr.ointment to serve on the board. Mr. Bedford has had a long successful and complete career in the milling industry and his services on the board will materially contribute to its success. The other three appointees under consideration are of equal profesEional and ethical standi ng and together with M~~rs. Hanlon and Bedford will form what we believll to be the strongest board of mine engineers and geologists in the Far East. The board will sit at stated times for the purpose of acting on technical matters relating to properties unde\' management of Mine Factors, and will decide on problems passed to it for its con路 sidel'ation by the .staff Engineers and by the Administrative. It will, in addition, establish engineer. ing policies nnd will be available for consultation by the Staff Engineers. The members of the board will be avnilablt: for personal examination of properties, when such properties are of importance, and when their personal professional engagements permit. STAt'F ENGINEERS The Staff will be composed of young engineer s. We are selecting young men in order to assure ourselves of having a corps of trained young men who will be able to take to the field and have the physical stami na to stand the strain of continually living and working under trying conditions. These young men are a ll g raduates in mining engineering and wi ll have in addition the guiding advice and supervision of the Board of Consultants. We have sent to the Stmes for two young engineers whose arrival is expected in the near futUre. One engi. neer already in the Philippines has been appointed to the Staff and is available for duty. PROSP~:CTING
The large amount of prospecting work which we have found necessa ry to do as a partnership convinced us of the necessity and convenience of having our own sta ff of prospectors. We thus have a force of AmtJrican prospectors trained in our methods of examination of properties and in whom we have confidence as to the honesty, accuracy and thoroughness of their respective reports. It is our intention to augment this force by the addition of a few Filipino prospectors who can \'I"ork with the Americans and learn our methods and aims. In the past it has been our policy to have properties thoroughly prospected by a prospector before sending an expensive engi neer on to the job. This has resu lted in vast savings and has a lso resulted in properties being so prepared for the engineer as to
PHILIPPINES enable him to do his work better and in an appre路
ciab1:y shorter time. LEGAL
We have organized our own Legal Department with an American lawyer, Mr. Alva J. Hill, at its head. This department will pass on all legal matters and policies and will work in close conjunction with the executive, finance and engineering departments. ACCOUNTING AiND FINANCE
As its name implies, this department will handle all accounting and finance matters not only for this company but for other companies with which we shall enter into management contracts. We have secured the services of a man of very wide experience in both accounting and finance to head this department. MANAGEr.n;l\'T AND OPERATION CONTRACTS
It has defil\itely been arranged to turn over to the company immediately after incorporation ma~ nagement, development and ~eration contracts with five mining corllorations. These contracts provide for a monthly management fee from each company together with certain rights as to the purchase of new issues of stock at par. ThJ. contracts run for the life of the respective mines except in case the properties are not capable of being brought into profitable production within a certain number of months. In thi& case, if the mining companies de~ sire to purchase other claims and continue their corporate existence, this company has the exclusive right to act as their agents in the examination and purchase of the claims and the management and operation contracts contin\le to run during the life of the new mines. Thel"e are other features in these contrncts of advantage to Mine Factors. At the same time the contracts al'e eminently fair to the Mining companies, and will permit them to be worked efficiently and economically. 0UI' services to these companies will consist of providing for their use or full administrative, legal and engineer~ ing facilities. Full and complete information 'with reference to these contracts will be mailed to each stockholder of record immediately after completion of incorporation and legalization of contracts. In drawing these oontracts the practice of one of the largest and most successful management and ope~ ration corporations in the islands has been followed. In addition to the above the promotors have been approached. by a large management and pro~ motion compan)' with a proposition to take over
335
the management of four other mining companies under conditions similar to these in the contracts, previously mentioned herein. These matters are still in process of negotiation and if contracts are eventually consummated these contracts will be transferred to this company. PROPERTIES The company now actually has available for purchase valuable options On mining properties located in recognized mineralized areas, These pro~ perties have been selected from many that have been offered at considerable cost and always in line with an established policy that the company will only operate in districts that are known to be mineralized. It is believed that these properties have great probability of being found UJ be true prospects. "SA YO-FIANZA" GROUP This is a group of 51 claims located in the Ito~ gon District of Benguet, It is very close to the Marsma n Itogon Mine in a heavily mineralized area and it is felieved that further explol路ation will prove this property well worth development. The road to Baguio goes direct to the property. Eleven veins have been exposed. "FLORIDA" GROUP A group of 42 claims located in the Itogon Dis~ trict at Benguet. This g l'OUp is very close to the SAYo~FIANZA group and from surface indications, coupled with the fact tlhat it is in a mineralized area, should be capable of being developed into a mine. Connects by road to Baguio. "NEBRASKA" GROUP This group consists of 43 claims and adjoins the FLORIDA groltp. The same r emarks apply to this group as to FLORIDA and SAyo-FIANZA. Out~ cropping and vein discovered have been satisfactory and further exploration, we feel sure, will establish the group as a very good prospect, Also connect_ ed with Baguio by road. "HARVEY" GROUP This consists of 30 claims located about 6 kilo_ meters from the I.X.L. mine in l\Iasbate. This group has been very carefully explored and located. Tile assays of the outcrop are satisfactory. Harvey & Lombard have a superintendent and crew of men on the property uncovering veins, trenching and otherwise preparing the property for a thorough engineering and geological examination.
T HE CO MMERCIAL & INDUSTRIAL MANUA L
336
"1.X.L. Exn:NsION"
This group adjoins the Harvey Group on the N. W. corner and consists of 26 claims. On this ptOperty a superintendent and crew of men are r ushing development work. I II addition to a considerable amount of development work the house for the superintendent is 75% completed. This construction is to be immediately followed by the building of a laborers barrio. Beyond the provision of adequate housing for staff and labOl: nothing is being spent except for development work, About five t housand pesos has been spent On the propert y and it is now ready fo!' a complete geologica l examination. An engineer will leave for the purpose of doing this examination jll about a week. The
property looks good. Stockholders will be informe.d in the near future as to its value.
MINE OPERATIONS, lNC. Head Office: Fili pinus Build ing, Manila, P.l. -Business : Mine Operations and ManagementEstablished: September 29th., 1936-Prillcipals: R. C. Stai ~'ht, President and f!cneral Managar, Roger W. Clarke, Vice-President, M. E. Hubbard, Director, J. B. Ord, Director , B. H Berkenkotter, Director -AuOloj'ized Capital: P es l .... 1,OOO,OOO,OO-Sltb8Crib~ ed CU7)itai: Pesos GOO,OOO.OIJ-Puid-in Capital: Pesos 406,150,OO-PC/.T V{.I11te of SlIm'es: Pesos O.lO-Balllc Refe)'ence: Hongkong & Shanghai Ba nking Corporation .
MINE OPERATIONS, INC Balance Sheet - 31st A.ug uSt, 1937 ASSETS 1'293,671.85
Cash in Bank .. . ... Furniture and Fixtures, Cost ... Contracts :-Rio Verde, Inc .. Moro Mines-BulUlln . Moro Mines- Manicahan .. GlorY Gulch Cag:iyan de Oro.. Navak. Magnus Mining Associ:ltion . . Capsay Mining Co ... . .. ... . San Sebastian Mining Co., Inc ... Pedro de Oliva ..
138.59 1> 56,700.00 2,150路03 2,150.03 2,150.03 11,003.SO 200.00 5,98}.}4 5,000.00 2,000.00 }15.70
LlABLLITIES CapitalfAuthoriud :--lO,ooo,ooo shares 10 CentavOS each . .... . . . .... 1'1,000,000.00 Subscrilx:d and Issued-fully paid I) 242,300.00 Subscribed... . 1'357,700.00 Less: Suhscriptions 178,850.00 178,850.00 1'421,150.00 unpaid.
57,652.63
Dcfe.. red Charges:I' }O,OOO.OO Underwriting Fcc },689.92 Organilation Expenses .. 10,}OO.00 Salaries . Legal :l.nd Accountancy Charges . 3,051.00 Offi(e Rent, Telephone and Ligbt... . 2,}58.05 Cables and Postages . ' .20 Office Stationery and Supplies . . . 103.05 General Expenscs-Including stock listing fcc, share of alteration in office directors' fees, 2,}81.8:t etc ...
Accounts Pa)'able :-Syndicate Investments, Inc. Fee .. Dcvclbpmems, Inc .. Syndicate Investmems, Inc ... Legal Fee-August.
8,967.50 1,5}8.62 J1 2.2} 200.00
- --
10,818.35
l' 51,890.04
Less : Imerest Received ..
1 ,}8~.76
50,505.28 1'.j31 ,968. 35
P4}1,968.35
PHILIPPINES Heport as of October 4, 1937 :-As evidenced by the accompanying tcc!,:!ical reports and data, your Company has made remarkable progress during the past five: months. It is the opinion of your Board that it Illay now confidentLy look forward to placing both the Capsay Mining Comp:my (Bock Group) and th"J Rio V2l'de (Gawgawon Group) into actual production in the. neal' future. With these fnvorable development, it became essential to adopt a prof,<lrly synchronized financial program. At a meeting of the Board held October 12, 1937, it was resolv\!d to cal' in the balance due and unpaid on original subscrivt:ons on or before November 15th and to offcr to all shareholders of record us of October 31st the right to subscribe at par on or before November 15th to four additional shares fOl' eveG楼 Dcl路t:mber 31st and the balanceon or before J~nui'Lry !lIst. This will result in our entire capital vf PlOOf) 000 being fully paid up by January 31st, 1938. Unfortunate conditions prevalent in local and foreign !;tock markets and the consequent possibility of .nn adversc financi.ti orlfect on some shareholders gave rise to unceJ路tninty as to whether or not share allotm~nts wo11111 be taken up. The definite commitmcnts which must now be undertaken in order to reach vital obj.:ctives as rapidly as possible make it essential tha~ amp'e funds be available at all times. After due consideration of this problem, your Board bas eotered into anangements whereby Messrs. Synli:catc Investments, Inc. have underwrittcm the ' entire :ssue of four hundn.d thousand pesos :n excbange for a fee of 5%. With this agro.:ement, your comr-any os now assured of sufficient means not only to take care of present prospective. mill installations, but also to continue furtbel' development and Dlospecting work on other properties undel' contract.
337
Coleman, J. B. Hoover, W. W. Harris Jr., and A. N. Luz-Treasure)': M. L. Coleman, Manila, P. I. MINERALS AND METALS. INC. Head Office: 202 Bxias Roxas Bldg., 75 Escolta, Manila-Registered: July 10, 1936-Term; 50 years -Business: Examination, Surveying, Exploration, Testing, Mining, Boring and Drilling on Mineral and Oil and Gas bearing lands and development of same-Natiollalit,y: American-Capital Stock: Pesos 200,000.00 divided into 200,000 shares of the par value of Pesos 1.00 each-Subscribed Capital Pesos 43,000.00-Capital Paid: Pesos 12,000.OO-i1lCorporatOTS p;nd DirectO'TS: Marcial P. Lichauco, E. D. Gundelfinger, Felipe Buencamino Jr., Norris Miles and William J, Schober-TreaSltrer; Norris Miles, 26 Romero Salas, Manila. MINERAL ENTERPRISES, INC. Head Office: Manila, P.I.-Nf.ttionality: Filipino -Business: Mining- Established: October 6, 1936Authorized Capital; P~~os 2,OOO,000.00-Capital Subscl'ibed: Pesos 1,'i50,~O\l.00-Paid Up Cwpiktl: Pesos 811,000.00-Par Volue of Shares: Pesos 0.10-Pl-incipals; Harry A. Wendt, Pres., J. R. H. Mason, Vice-Pres., Chas. Kurz, Secy. Treas.; Francis Lusk, Director-Balik Reference; Peoples Bank & Trust Co.
MINERAL RESOURCES, INC. Head Office: Manila-Authorized Capital: Pesos 2,000,000.00-Board oj Directors; S. F. Gaches, Presidt:nt; M. M. Saleeby, Vice-President, Kenneth B. Day, Treasurer, Jose Araneta, V. E. Lednicky, A. F Petters, A. N. Jure'dini, Director-Mariano .Javier, Secretary and Ass~. Treasurer, F. R. Guzman, Auditor. To the Stockholders, February 19, 1937:Engineers' Report:- (1) Marinduque Property.This report is made by Mr. V. E. Lednicky, Chief Engineer -and General Superintendent of the Mine_ MINERAL AND COMMERCIAL rai Resources I nc. DEVELOPMENT CO. Head Office.. Mamln - Registered: August (2) Labo Development.-This rep()rt is made 21, 1935-TeMIL: 50 yeflr.s--Business: To bore, by Mr . H. E. Heide, Superintendent of the Labo group, and approved by Mr. V. E. Lednicky, Chief Drill, S:nk and Search for Mineral Oils and Engineer and General Superintendent of the MineGas, and to develop ai路d Exploit the Same rai Resources, Inc. :ond all Products and ~y-produets thereof, etc. -Na,tiouality: Americ~n-Capiktt Stock: Pesos 24,Marinduque Property:-This group of claims, 000.00 divided into 240 shsrc.s of par value of Pesos situated between the towns of Torrijos and Santa 100.00 each-Subscribed Capital: Pesos 4,800.00Cruz, l\farinduque, is ideally located. It is twelve Capital. Paid; Pesos 1,200.00-incorpor,(ltors and kilometers from the harbor into which sea going DirectO'Ts: Rafael Alunan , W. W. Harris, M. L. vessels can entel' without difficulty. A first class
338
T HE COMMERCIAL & INDUSTRIAL MANUAL
road connects tile POl't of Santa CI'UZ with t he mine. Four kilometers of th is road is our own property, the balance is government road. House and offices are being constructed to take care of the mining and milling f orces. Acting on the reports from the United States as to the type of mill required, your Board of Directol's have authorized the construction of a mill of the flotation type with an initial capacity of 100 to 150 tons per day, depending on the f inal recommendation of the consulting engineer. This mill should be er ected and in operation within six months. A mill of this capacity only is being erected at this time in order not to have too large a plant
at the beginning but to build up the plant by units of ]00 tons capacity as fast as the ore is available. T he power plant is on its way to Manila and should be installed within the next ninety days. Erection of t.he bu ilding fOl" the mill will be begun shortly. Labo Project :-Investigation of this group of claims have convinced us of the presence of ore in quant ities. The l"efore we have begun tbe sinking of a 400-foot three compartment main operating shaft. WOI'k on this is being pushed as rapidly as possible with the equipment we now have. Ad· ditiona l equipment has been ordered and will be inst alled within ninety days.
MINERAL RESOURCES, INC Balance Sheet as at December 31, 1936 A ETS Fixed Asse ts: Mining Property Power Plant .. Blachmith Shop Equipment .. Pumping Equipment .... , .. .. Machine Shop Equipment . Tunnelling Tools and imple· mcn ts. . .... ,. . . Railroad and Equipment . . Roads, Bridges and Culverts Assaying Equipment Hoisting Equipment ...... . . Transportation Equip~ent. : .. Surveying and En811leerlllg Equ ipment . . ....... .. .. . Water Power SJstem .. .. .. . . Buildings and Equipment ( As· uy House) .. Buildines and Equipment ( t.urlllduqlle). Furniture and FixturesManila Office ... ' .. ' ... ... . Furniture and Fixtures- Ma· rinduquc
"
7, 161.09 1,625·71
"
500,00
"".00
UABllITIES Capital Stocl.:: Autl;!orized201000,000 Sh ares at Pesos 0.10 each
P2,00Q,0CXI.00
Issued and Subscribcd10,)65,000 Shares at 1'0.10 each. 1'1,0)6,500.00 Less Subscription Reteiublc 246,ISO.oo
414.95
3,669.41 2,669 .02 72.00 30.42 269.02 2,317.29
Current Liabilities; Atcounts Papblc. .. . .
1'790,350.00 50.00
318.91 )9.55
905.70 2,23~·17
2,128.19 1,364· 34
1~ 25,s78.n 8,537.99 Lc:ss Re5en'e for Depreciation Current Asscts: 1')62,2n.84 Cash on Hand and in Banl.: .. 4,U9.55 Accounts Receivable . 2,959.36 MalCTials and Supplies .. 246.13 Company SlOre Invenlory . ConstniClion in Process Investments : L:abo, Camarines Norte Project. Marinduque De,·dorment . Deferred Chuges: Suspense
17,040.78
369,707.88 6,149.57 234,859.12 162 ,133.05 9.60
F. R. GUZMAN, C.P.A., AIIJ,,~,.
PHILIPPINES Balance sheet and operatmg statement are in· eluded herewith. Great care ha-.s been exercised ill the expenditure of the company's money. We have accomplished a great deal with the money we have spent. Now thut we feel sure that we have a mine ir. both places, we wish to go ahead with development as fast as possible during the year 1937, hoping to have bolh projects under production before the next annual meeting. We take pleasure in submitting below the rcports of our engineers on the properties now being operated by the Mineral Resources, lllc. To the Stockholders, October 4, 1937:-The President !".nd Beara of Directors take pleasure in
informing ;you that our mill in Marinduque is com· plewd !l.nd has started operating. Experimental runs were made during the last ten days of September and continuous operation has been started. It may be m.cessary to m&~e a djustments for tlhe f:rst few weeks but so far everything has been operating satisfactorily. Flotation reagents are being experimcnt2d with to get a max,irnum extractio!l at a minimum of cost. The mill .was erected by the Southwestern Engineering Company in record tiDle and is well built and apparently vel y effici<!nt. They have well demonstrated their abilitv in the deSign and COhstruction of milling pbnts. Owi"lg to softlless of our ore ~he mill has been operating at th:! rate of 192 tons pel' hour instead of 150 tons as designed, and can easily do 250 tons if the f1<I13tion cells are not overcro·Nded. P ower consumption for the whole mill at 192 tons is 210 horsepower or the ol"iginal estimatld for 150 tons. Our haulage system is proving out as calculated so.nd two dump trucks can easily haul 200 tons from the mincl to the mill at an estimated cost of PO.089 per tOll. Timing of the truck shows that they make a regular rc..und trip from mine to mill in 7% minutes alod actually haul two meters of ore. About 3,000 tons of development ore are stored back of the mill as t.n emergency supply. In addition to the Superintendent's hou~e and the mess hall, an"thcl" cottage for married staff has bt:t:n completed. Quarters f('r laborers are beillg constructed and a bodega and concentrate storage is being put up e.t Buyabud, the provincial port from which we shall send shipments. The market for zinc, our major product, is very strong and the outlook is more favorable than for any other base metal.
JJ9 LAlIO
Work in our main sh aft at Labo has been suspended pending change Clver from our new engine but i~ I.OW going on. The new di~coveries on cl2.irr.l' 71·72 a!'e very promising. Cub acros~ the formation have proven the length tc;. be silveral hundred feet. A prospect shaft is being put down 50 feet to crosscut the formation at depth. The oxidized surface contains considerable frpe gold in addition to metallic copper and chalcopyrite bu'; it is quite probable that this will b~ atl in sulfides at depth-MINERAL RESOURCES, Inc., Sgd. SAMUEL F. GACHES, President. MINES SYNDICATE, INC. Head Office: 712 Rizal Ave., ManilaRegistered: October 1, 193G-Term: 50 yearsBusiness: To engage in the Business of buying and selling securities, either for cash or on margin. To acquire by purchase, lease or otherwise mineral claims and to sell , lease o.r dispose of same, etc.NatioMlity: Filipino-Capital Stock: Pesos 100,000.00 divided into 10,000,000 shares of the par value o~ Pesos 0.01 each-Subscribed Capital: Pesos 22,800.00-Capital Paid: Pesos 6,550.00inco-rporators and Directors : V. Q. Gana, A. Q. Vel', .Ramon J. Ongsiako, Federico M. Amagna and Basilia M. Baja- Treasurer: A. Q. Ver, 1023 Da· kota, r,:ar:ita. MINING AND METALLURGICAL ENGINEERS, INC. Head Office: 442 National City Bank Bldz., Manila-Registered: October 6, 1936-Terms: 60 years-Business: To conduct, engage in, manage, and carry on the business of consulting engineers, metallurgiSts, builders, and contractors in connection with the promotion, development, building up, improvement, rehabilitation, administration, control, and or operation of every kind of mining-N.ati-onality: American-Capital Stock: Pesos 100,000.00 divided into 100,000 shares of the par value of Pesos 1.00 each-Subscribed O:upital: Pesos 20,000.OO-Capital Paid: Pesos 5,000.00-/ nc:orporators and Directors: Frederick MacCoy, B. H. Berkenkotter, C. C. GrinnelJ, L. D. Macafee and F. S. ParkerTreasurer: F. S. Parker, Manila. THE MINING IN VESTORS ASSOCIATION INCORPORATED Head Ofiice: Maniia, P. I.-Registered: August 6, 1936-Term: 50 years-Nationality: FilipinoIncorporators and Directors: A. A. Yaptincl:ay. L
THE CO MMER CIAL & INDUSTR IAL T. Clia, Jose Nicu;;io, Ines S. Villa and Isabel Artacho Ocampo. MIRA HERMANOS, I NC. /-I co'ld Dllke: 19 Banquero, Manila-Registered: February 21, 1936-Terms: 50 years-Bus jlle88 : To buy anel sell tobacco products, manu fa ctud ng here and abroad, importation and sale of matches, et c.Nntiomdity: S panish- Capital Stocl~: Pesos 500,000.00 divided into 5,000 sh ares of the par value of Pesos 100.00 each--;Subsc)'ibtld (/l1l1 P(l icl-iJl O:Lplt a /: Pesos 1 50,OOO. O O -lllc(J,.pon~tors lind Directol's,Ma r cial Mira Perez, J ose Nunez Martinez, Francisco Lim llo Llofriu, Carlos Moreno Vega and Andres de In Cl'lIl-7'nta.<:/trel'; Carlos I\Ioreno Vega, 1325 General Luna, Mani la. JOSE G. MIRANDA & COMPANY H ead Office: 33 J. M. Basa Street, Iloilo Iloilo -Bml/clles: Cebu, Cebu; Davllo, Davao-Nrttionn.lity : F ili llino--flIlRj'utlfs: Books and Stationery Distributors- EI!tltblished\ 1£134 at h ead office; 1936 in Cebu; 1937 in Davao-$ole P roprietor: Jose G. Miranda-Authorizcli a.1ld Pldd-i" CU1)i(al: Pesos 12,~OO.OO-Aoell.-if!s: BUlTou~hs, Inc., Visayas and I'dindanuo; Ph ilippine Educ:\tion Co.; Manila Publishing Co.; McCullough P lli nt ing Co.-Brmk R eference: The Philippine National Bank.
MI SAM I S MI N I NG CO RPO RATION H elld Of/ice: 456 Da smarifia s, Mani la-Reoistered: May 8, 1!.l36-Terl1t: 50 years-Business: Mining, Placer mining, l\1iJ1ing, Concentrating Converting, Smelting, Treating, Preparing f or market, Manufactul'ing, Buy ing, Selling, Elxchanging, and otherwise producing and deali ng in Gold, Silver, Cop per, Lead , Zinc, Brass, h on, Steel, Limestone, and all kinds of ores, Metals and Mineral s-N.ationality: Filipino-Cwpitlll Stock :-Pesos 1,000.00 divided into 10,000 s hares of tile ])ar value of Pesos 0.] 0 eac h-Su/JRcl'jberl (Illd /-,(£i([-;', Cft[litcd: 'Pesos
M~NUAL
1,000.00- hlc01'1)Omtors lIn cL Director."I: Hilto n Car-
son, Vicente Villanueva, L. P. Mitch eiJ, W. D. Clifford and L. p. Tu ell s-TrC(I~~II"er: W. D. Clifford, Mani la. MITCHELL, HOWE & CQ:\lPANY Head O//icCl: Manila, Philippines-Reoistel-ed: Octobel' 2, 1937-- BusillfSS: I mporters, Exporter s, Munufacturcs-Natiol/ulity: FilipinO-Calli/ai: PI5,OOO.OO-Cal)ital cOlltribllted by ellch 7)u)-trwr: L. P. l\[ilchell, general partner, 1'5,000.00; Felipe Bucncamino Jr., limited partner, 1'10,000.00; George F. Rowe, general pnrtner, hi s privilegcs and membership in the National Produ ce E xchange. Sidney Platt(), general partner, hi s pl'ivileges and membership in the New York Coffee and Sugar Exchange, Inc.-Mcolftgel': L. P. Mitchell.
MITSUI BUSSAN KAISHA, LTD. H ead Office: Tokyo, Japull - Mo'.mifn Bnmch Office: 21ld Floor, National City Bank BuildingNa/-iollafity: Japa nese-Busincss: General Merchants- EiltC/bliIlJIet[: 1876 as a firm owned by the Mitsui family; 1910 Incorporated uncleI' Japanese Com pany Laws-Cullifaf: Yen 150,000,000.00-Telc. graph: "Mitsui-Corles: P r ivate; Bentleysj A,B.C, -/'Ilutliitl Br:a?lc/~ MrulCl!/er: Masajiro Kawamu raBank; R efcl'cnce: Yokohama Specie Ba nk. Ltd., Hongkong & Shanghai Rank ing Corporation. L. MODEL & COMPANY. INC. H e(ld Office: l\1anila-BlIsl1!1~S8: l mportersNlItioll.9.lity: Filipino-Estllbli.1l/red,' 192 3; 19201 i ncorporated under Presen t Styic-P rhlci1l11i Stocl.:~ holder: L. Model-Agents /01': Bu rbier. Benard Turenne, Pari s L ighthollses, etc.; Hch. Wild, A. G. Hee rbrugg, Switzedund, Geodetic Instruments{J'elcgl'Ct1)/I: " LUIllOCO"-Coclc8: A,B.C. 5th; Western U nion; Bellt!eys-B(I1IJ.· R %/'cJlco: Hong-kong & Shanghai Banki ng Corporation.
MIRA HERMANOS, INC T OBACCO DEAL ERS MERCHANTSTO IlACCO
h'lPORTERS-
PRODUCTS
AND
MA NUFACTU R ERS S M OKE RS'
19 BI1!Jqmro, Mtwiirl Philippims
OF
SUNDR I ES
PHILIPPINES
341
The p aper used in this issue is supplied by
MITSUI BUSSAN KAISHA, LTD. MANILA BRANCH
Representatives in Davao-Doilo-Cebu General Importers and Exporters Shipping and Insurance Agents
• Head Office: Tokio, Jap an Capital: Yen 150,000,000.00 Branches and Representatives in Japan-74 and Abroad-57
• Steppliers of Paper and Pdp SItch as Cigarcnc Paper, Carbonizing Tissue, CeHuioid Tissue, Condenser Paper, Printing and News Printing Paper, Rotogra\'ure, Arc Paper, Dible Paper, Book Paper, Writing Paper, Bond, Ledger Paper, FOOJs~3p, Postcard Paper, Drawing
Paper, Blotting Paper, COl'er Pape~. Packing and Wrapping Paper, M. G, Cap, Glassine, Imiution Parchment, Kra{t Paper, Match Paper, Coloured Paper, Art Pon, Manila Board, Scrawbaard, Bleached & Unbleached Sulphite Pulp. Kr.1{r Pulp, Rayon Pulp; Etc.
M amefacttered by
OJ! SEISHA KABUSHI KAISHA (Oji Paper M anttfact1tring Co., Ltd.) Japan
GON~t.lEZ LAW LIBRARY .193 DIMASAU"J(! MANIL A.
342
THE COMMERCIAL & INDUSTRIAL MANUAL
THE MODERN PHARMACAL PRODUCTS COMPANY, INC. Hen.d Office : 886-888-890 Rizal Avenue, Manila, p.L-Nat·ionality: Filipino-B!lsiness: Importers of Drugs, Chemicals, Pharmaceutical Preparations, Surgical, Dental Instruments, Hospital Supplies, Laboratory Apparatus, etc.-Established: 1930Autl!orized Capitni: Pesos 500,000.00-Paid Up <Apital: Pesos 87,914.85-Pa)· Value of Shnres: Pesos 100.00 - Annual TIt1'1touer: Pesos 235.409.50 -Sur.plus: Pesos 19,380.99-Telegruph: "'Model'n"Codes Used: All Standard Codes-Principals: O. L. Villacorta, Mrs. Concepcion V. Villacorta, Dr. Alfredo L. Guerrero, Dr. Emilio Licauco, Dr. Florentino Herrera - Banlc Rcferences: Hongkong & Shanghai Banking Corp.; Philippine National Bank; National City Bank of New York, (Manila, P.r.) MOLINO ALCALENO Hood Office: Alcala, Pangasinan-RegisteTcd: July 28, 1936-TerllL,' 10 years,-B1tsiness: Grinding of palay Into Ric~N(Ltio1i(llity: Filipino-Capital Stock: Pesos 5,000. 0 divided into 1,000 shares of the pal' value of Pesos 5.00 each-Subscribed and Paid-in Capital: Pesos 2.705.00-1nco rporatoTs amd Dj)'ectoTs : Flol'encio Olpindo, Eugenio Limpin, Marcelo B. Collado, Crisantq A. Duque, Esteban Guerrero, Cuadl'ato Manois and Benedicta R. Mambalot. (Eugenio Limpin and Benedicta R. Mambalot are incorporators only)_T"easlU'el': Esteban Guerrero, Alcala, Pangasinan. MONTENEGRO Y REBULLIDA Head Office: Five yeal'S, from October 7, 1936 -Registc )'ed: October 9, 1936-Busilzess: Represe.ntative of Corporations-Cwpita/: Pesos 25,000.00C'L]>ital contrib!tted bll euch 1Ja1·tne1·: Jose A. Montenegro, P csos 25,000.00; Rafael Rebu\lida, Industrial. MONTEVERDE LUMBER COMPANY., INC. Head Office: Manila, Philippines-Registered: January 30, 1937-TerllL: 50 years-B1Isiness: Lumber Natiolw.lity: FilipinG-Ca})ital Stock: Pesos 150,000.00 divided into 15,000 snares of the par value of Pesos 10.00 each-S"bscT'ibecl Ca,pif/Ji: Pesos 30,OOO.00-Capital Paid: Pesos 9,650.00--11!corpol'ators: J. J. Loweinsoh, Nemesio Monteverde, Julian A. Rodriguez, B. H. Berkenkotter, F. S. Parker, R. H. Wendel, Dee Cho, F . Lusk and F. H. Myers. MONTILLA & COMPANY. IN C. H ead Office: Manila, Philippines-Registered: October 23, 1936-Term: 50 years-Brlsiness: To
Act, as Promoters, Agents, Trustees, Receivers, Liquidators, Managers, Brokers, Attorneys or Referees or in any other Capacity of Trust and Confidence in Respect to the Establishment and Promotion of Corporations or Associations, etc.-Nnti01Wlity: Filipino - Capitlll Stock: Pesos 5,000,000.00 shares of the value of Pesos 0.01 each-Subscribed Capital: Pesos 1,OOO,OOO.00- Capitp,l Paid: Pesos 362,500.00 - h!corporutors U1!d Di'T'ectors: Enrique J. C. Montilla, Magdaleno C. Peiia, Agustin B. Montilla-T1'oo61IreT: Agustin B. Montilla Jr.. 3645 Taft Ave. Extension. MONTILLA INSTITUTE Head Office: Isabela, Negl'os Occidental-Registered: February 27, 1936-Nationality: Filipino -hlcorpoTators ,and 7'rrUltees: Enrique J. C. Montilla, Gil M. 1\[ontilla, Felix 1\1. Gonzales, Agustin B. Montilla Jr., and Magdalcno C. Peiin. MONTILLA MANAGEMENT AND INVESTMENT COMPANY Hood Office: 53 hnart Street, Iloilo, Iloilo-· Re9i~teTed: September 29, 1936-Term: 50 yearsBusi/less: To Act as Promotors, Agents, Trustees, Receivers, Liquidators, Managers, Brokers, Attorneys Or Referees or in any other Capacity of Trust and Confidence in Respect to the Establishment and Promotion of Corporation 01' Association, etc.Natiorwlity: Filipino-Capiwl Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 each-Sllbscribed Ca7)ital: Pesos 200,000.00-ClI.l)ital P"dd: Pesos 50,OOO.00-/1!COrpOnliors cmd Directors.' Emilio Montilla, Rosario Montilla, Enrique Esteban, Timoteo Consing. Benjamin Jalandoni, Virgilio Montinola, Magdaleno Pena, Aurol'l\ Montilla and Catalina Domingo. (Emilio Monti\la. Rosario l\1ontillll and Enrique Esteban, a!'e directors only)-TTe~l.'j'//reT: Enrique Esteban, La Casteilana, Neg. Occ. MORO MINES INCORPORATED Head Office: Zamboanga Zamboanga-Reoi8~ tercd: October 28. 1935-TernL: 50 years-BI/siness: To Locate, Purroase, Lease, and Otherwise Acquire Mineral Claims Anywhere in the Philippine Islands, and to Explore, Develop, and Mine Said Claims and the Minerals Therein of Whatsoever Nature, etc._Nationality.- American-Capita( Stock: Pesos 500,000.00 divided into 500,000 shares of the par value of Pesos 1.00 eacb-SllbBcribed alld Paid-in Capital: Pesos 502.00; GoBI!: Pesos 2,502.00; Mining Claims: Pesos 250,000.00 - l ncorporawrB and Di-
PHILIPPINES
343
IT IS NOT POSSIBLE .... For the skilled artisan to do his work unless he has good tools; it is juSt as fallac ious
to
expect the skill ed
scientist co properly present his science course and gi ve the full benefit of his knowledge
to
students, unless
properly equipped. We are Importers and Dealers of
Chemicals, drugs, pharmaceutical products, surgical and dental instruments and hospital
suppllies and cosmetic articJes. WE ARE ALSO the Fa.r Eastern Represenrati ves of the NUMOTIZINE, INC. of Chicago, llIinois, U.S.A. , the manufacturers of the well-known product NUMOTIZINE, ,he cataplasm plus.
THE MODERN PHARMACAL PRODUCTS CO., INC.
Manufacturers' Representatives
886-888-890 RizaI Avenue Manila. Philippines
344
THE COMMERCIAL
&
P. L. Worcester, F. L. Zimmerman, E. M. Smoyer, Sydney C, Schwarzkopf, A. V. Kozloff and S. M. Enriquez (Sidney C. Schwarzkopf, is an in· corporator only)-Tl'euiw1'er: S. M. Enriquez, ZamboaJlga , Zamboanga, P.L
?"edOl'S:
MOTHER MINING DEVELOPMENT CO., INC. Head Ofjicc: Manila- Registered: January 6, 1937-TeJ'm : 50 ~'cnrS-Bl!8iJle88: Management and Promotions-Capita l Stock: Pesos 100,000.00 divided into 100,000 shares of the pal' value of Pesos 1.00 eaCh-Sl!bsc)'ibecl Ca1>ital: Pesos 20,OOO.OO-Ca.pital Paid: Pesos 5,OOO.OO- !?ICOI'lJO/'utOJ's: Drs. Jose !\'fa. Delgado, Augusto J. D. Cortes, Jose Eduquc, Rl. Rev. Pl'. R. Salinas, JVless]·s. Emctel'io O. Flores Lui s Gomez Alv!\n;!z and J. Scruno E spiritu. MOUNT Al N GOL'DFIELDS, INC. 'Ve have l'ecentl Y\eccepted an opel'at!pg agree· ment on this most favorably locate': grotlp of claims. The property is bounded on the south by Bengaet Consolidated Mining Com any, on the east by E ~ Dorado, on which the formh organization has j'lst acquired an operating contra t , on the west IJy Ihguio Gold, and on the north by the Mabuhay Group. Conflicing technical opinions have been given as to lhe prospects of Mouniain doldfields. OUt· technical advisers believe that in the light of reccllt developments on adjoining properties it warrants :l. most thorough investigation. It is probable that any real potentialities exist at considerable deptl:, a s surface indications have so fal' apparently be(;n disappointing·-BoAltil OF' DmEcToRs, R. C. STAIHGT, ChaiT"ma n. MOUNTAIN MINES, INCORPORATED He(lcl Office: 416 Aria s Bldg., Manila-Registe" ed; Semtember 23, 1936-Term: 50 year sB1lsiness; Mining, Milling, Concentrating, converting, Smelting, Treating, Prepal'ing fOr Market, ManufactUring, Buying, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and all Kinds of Ores, Metal s and Minerals, etc.-Capital Stock; Pesos 200,000.00 divided into 20,000,000 shares of the par value of Pesos 0.01 each S!tbscribed Capital: Pesos 136,500.00-Capital Paid; Pesos 68,600.OO-Inoorporators and Directors; G. Edejer, S. Gironella, F. C, Arceo, V. R. :Relenas and A. P. Navarro--T"eUll'!trel': V. R. ReIenas, Manila.
INDUSTRIAL MANUAL MOUNTA IN SUPPLY STORE Head Office; 1 Market Plaza Baguio-Natiolla.lity: Chinese-Bluiness: Mine & Mill Supplies, Provisions, Wines, GI'oceries, Stationery; Sundries -Established: 1928-Proprietor; L. K. Ling-Baml,: Refel'e)!ce; Peoples Bank & Trust Company, N. E, MULLEN & COMPANY Head Office; 609 Escolta, Manila-Na!ivI/ality: American-Filipino - Business; Members of International Stock Exchange; Investments, Promotions; Engineers; Mining Machinery-Est.'lblished : July 1936-Private Unlimited Partnership between N. E. Mullen a nd C. P. Cruz- Partners Capital Pesos 110,159.14 (June 1937)-Aoencies; We.rf Conrad W. V. Holland: Air PUmps, Ltd., London: Climax Rock Drill Company, London: Mining Engineerillg Co., \Vorcester. EngJisd; SCI'anton Pump Mfg. Company: Claridge Fan Company: Nippon Gold Dredge Company, Ltd.,-Telegra.ph Addl'ess : Nicas-B::tnk Reference: Philippine Trust Company: Bank of the Philippine Islands. Gene7UI Manaoers for; Mambulao Sf.. Maria Mining Association: Bemacca Mining & Development COmpallY. MULt,ER & PHIPPS (MAN I LA), LTD. Pa?'ent Company: Muller & Phipps (Asia). Ltd., New York City-Af!iliati(ms: Throughout the Far East-Manila Office; 326 and 328 National City Bank Building-Natio1!ality: American-Busilless: Importers and Manufacturers' RepresentativesPrivate Limited Company Incorporated under the Laws of the Philippines-Telegraph; "Mulphico"Balik Refel'etlce: National City Bank of New York. NABAGO GOLD & SI LVER MINES, I NC. Head Oflice; Cebu. Cebu-Reoistued; October 13, 1937- Authorized Capital : P600,000.00-Par Value: PO.10-8ubBcribcd Capital : P120,000.00-Paid-i,! Capital: P30,000.00-Directors and incorpora tors: Emilio Osmena, Benito Moras, H. Gasser, A. P. Deen, D. G. McVean, H. Alther, R. C. Tuggle, R. W. Stramler, Leo Schmitt, W. S. Burwell , Frank E. Nichols. S. NAKASH IMA Ht:ad Office; 411 Reina Regente, Bdo., Manila -Branch: Osaka-Bwri1!t)sB: General lmporters: Druggists; Medical Instruments--Established; 1920 in Manila ; H.l25 the Corona Pharmaceutical Laboratories wel'e established by S. NakashinlR . 1936 in
PHILIPPINES
345
MOUNTAIN MINES, INC BALATOC-LUBUAGAN MINES, INC EUCHARIST GOLD ASSOCIA nON MOLDERO GOLD ASSOCIA nON NORTH MANGANESE MINES ASSOCIATION HUld Offiw:
L. DACANAY
ARIAS BUILDI NG Cor. Carriedo Fourth Floor Tel. 2-13-02 and Rizal Ave.
Licensed Minera l Land Surveyor.
T(c/mical Staff:
Alldilor
DR . A.
p.
JOSE TURIANO SANTIAGO
ALVIR
CO}mil/al111 & Nralla!,tr$ Div.:
Consulting Engineer an.cl Geologist.
MOUNTAIN MINES, INC. THOMAS F. BRESLIN
CONSULTING ENG INEERS
and
B. R. CUESTA
MANAGERS AND OPERATORS
Licensed Min ing Engi neers and Geologists
MINING PROMOTION
BANKERS.路
PHILIPPINE NATIONAL BANK PHILIPPINE TRUST COMPANY BRANCH OFFICES
LUBUAGAN ASSAY OFFICE OPER ATED BY
MOUNTAIN MINES, INC. Balaroc, Lubuagan
Kalinga
Mo untain Pro \,.
THE COMMERCIAL & INDUSTRIAL MANUAL
346
WERF
CONRAD N. V. Haarlem, Holland.
GOLD DREDGES. "BAN KA" DRILLS. PORTABLE GOLD WASHING PLANTS. PORTABLE PLACER MACHINES. AIRPLANE DIAMOND DRILLS. DIAMOND CORE DRILLS for up to 2000 feet depth.
SUCTION TRANSPORT. SAND and GRAVEL PUMPS. PORTABLE ASSAY OUTFITS. CLIMAX ROCK DRILL & ENGINEERING WORKS England. JACKHAMMERS, STOPERS, DRIPTERS, etC. ACCESSORIES. Most popular drills in South Africa Gold Mines.
MINING ENGINEERING WORKS, Enghnd .
CON RAD A1Rl'LAN拢 DRILL
Porrable In-Bye Fans for tion. Conveyors, etc.
SCRANTON PUMP MFG. CO. U. S. A. All C H ROM E Pump' fo' Chemical works, plants. etc.
Tunnel Ventila-
CLA\tAGE FAN CO., U.S.A. Portable Air Conditioners for Ho tels Apartment. Complete Air Conditioning Pl ants.
Cyamdation
AIR PUMPS. LTD., England. PORTABLE DIESEL 0' GASOLINE AIR COMPRESSqRS lip to 350 c. f. per
and
minute.
S TAT ION A R Y AlR COMPRESSORS. PORTABLE SUMP LlPT PUMPS. ROTATING DRILLS foc Hacd Clay , Shale, Slate, Gypsum, 'Manganese Ores. Hand operated, with Air or Electric motors. Holes up to 3" diameter and up to 100 feet depth.
PORTABLE OI ESE L AIR COMPRESSOR.
Sote Distributors
N. E. MULLEN & CO. Mining Engineering Department
I. W. Tel. 2-28路49
SOVALBPP,
M. E.,
Mall(Jgtr
609 Escolta, Manila
P. O. Box 1440
PHILIPPINES Osaka-P"i11cilJal: I. Tsutsurni-Telegl'{l.ph.- Nakashima, Manila; Mabuhay, Osaka-Bul!k Re/el'ence: Yokohama Specie Bank, Ltd.; National City Bank of New York.
NAMPICUAN MANUFACTURING CO, Head Office: Nampicuan, Nueva Ecija-Registereel: June 21, 1935-Term: 20 years-Business: To Erect, Purchase, Equip, and Use Factory for the Manufacture of Starch, Liquid Glue, Feed, Bran and other I ndustrial Products and by-products of Commercial Value from Cassava Root, Arrow-Root, Corn, Corn and other Agl'icultul'e Products as well as for Preserving, Baking, Classifying, Gra<;l)ng, Handling, Shipping or Utilization of the Same for Commercial Purpose-Nationalit-y: Filipino-G91lital Stock: Pesos 40,000.00 divided into 400 shares of the par value of p"esos 100.00 each-SubscTibed Capital: Pesos 10,500.00-Capital P(tid: Pesos 8,250.00-Incorporators (ll1ld Directors: Joaquin Ma. Joson, Ramon Ongsiako, Victor M. de los Reyes, Jose Ma. de Amusategui and Eulogio Rodriguez, Jr. -Trea.sltTer: Jose Ma de Amusategui c/o Elizalde y Cia., Manila.
K. NASSOOR, INC. Head Office: P. O. Box 14G8, Manila, P. 1.Bra?lch: Cebu-N.a.tionality: Sy;rian - Business: General Importers; Textiles-Esro.blished: 1923liuthorized and Paid-'in Capital: J?esos 300,000.00Par VallIe of ShOlres: Pesos 100.00-Annual Tu,",/,o over: Pesos 400,000.00- Reserve: Pesos 22,230.P.rincipals: F. R. Jureidini, A. N. Jureidini, M. N. Jureidini , a Farid Jureidini-Telegraph "Kamel"Bank Reference: Philippine Trust CO'.; ,Bank of the Philippine Islands. NATALI S CHROM ITE , I NC. He,a.d Office: 118 T. Pinpin, Manila, p. 1._ Nat'ionality: Filipino-Business: Mining-E8~~Lblish颅 ed: October 24, 1936-A!tt)I()I'ized Oapital : Pesos 250,000.00-Paid Up Capital: Pesos 250,000.00POIr Value of Shares: Pesos O.lO-Principals: Harry A. Wendt, Dir.; Mayer G. Hansen, Vice Pres. & Dir.; Gev. W. Hazzelwood, Dir.; F. Bruckctt, Sccy. -Bank R efert'llce: Hongkong & Shanghai Banking Corp. NATIONAL CHAIN & COOPERATIVE STORES, INC. Head Office: 2nd Floor State Bldg., Manila.Registered: October 8, 1937-Nationality: FilipinO' -Business: Import and export-Ca,pital Stock:
347
P250,000.00 divided into 25,000,000 shares of the pal' value of PO.Ol each-S!tbSCI'ibed Capital: 1'50,000.00 -CapitaL Paid: 1'16,234.00-l1rcorpomtol路s : Andres R. Camasura, Incs S. Villa, Alfonso C. del Rosal'io, Librado D. Cayco, Godofrcdo K. del Rosario, Jose C. Rivera an S. S. Duterte. NATIONAL CHROMIUM MINING CO., INC. Head Office: 313 Cl'ystal Arcade, Escolta, Manila-Registered: August 14, 1937-Natiollo.lity: Fiiipino-Pul'})ose: To mine chrome, copper, lead, silver, gold, etc.-Cal)ir.al Stock: "200,000.00 divided into 20,000,000 shares of the pal' value of PO.OI each --Sltbscl'ibed Co,pital.. 1'4Q,000,00-CapitaL Paid: PlO,600.00- l nco1'JlQratol路s: Manuel A. Moreno, G. D. COl'vissiano, Jose Moreno, Celso B. Jamol'a, Jose F. Aguirre and Jose A. Ledesma. THE NATIONAL CI TY BANK OF NEW YORK Head Office: New York City- Manila Office: National City Bank Building, Juan Luna and Muelie de la Industria, Binondo-Bramches: In the Principal Cities O'f the World-Nationality: American -Business: General Banking-E stablished: 1812---Principals 1'Jl Manila: E. J. LeJeune, Manager, H. del Valle, Sub-Manager. NATIONAL DEVEL OPMENT COMPANY Head Office: 732 Evangelista, Quiapo, l\.Ianila, Philippines in the Fu.rtherance of Its Economic Policies-Established: May 12, 1919-A rttlW)';zed Capital: Pesos 50,OOO,000.00-Paid Up Cnpita/: Pesos 15,936,000.00; Subscl'ibed: Pesos 26,510,000 Princip!lls: Gregorio Anonas, Acting Manager; Direcu,I's: Antonio de las Alas Chairman (The Secretary of Finance); Eulogio Rodriguez (The Secretary of Agriculture and Commerce); Juan Posadas, Manuel L. Roxas, Juan M. Elizalde-Subsidiaries: Cebu PO'rtiand Cement Company, The National Rice and COI'n Corporation- Bmrk Refe,'e'l!ce: Philippine National Bank- Histol'ical Notes: In 1919, during the administration of GovernorGeneral Francis Burton Harri son, the Legislature passed Act NO'. 2849 creating the National Development CO'mpany with a capital of Pesos 50,000,000.00. By this law, the Government adopted the policy of undertaking those commercial and industrial activities which would help establish the economic independence of the country. The NatiO'nal Development Company then organized the Cebu Portland Cement Company for the manufacture of cement and granted a loan of Pesos 2,000,000.00 to the defunct National CO'al Company created under
348
THE COMMERCIAL & INDUSTRIAL MANUAL
Act No. 2705. It later 011 purchased the Casptan Rope Company for about Pesos 300,000.00. Subsequently, when Gen. Leonard Wood became Governor-General, he sought to change the policy inaugur:lted by the previous administration. Governor Wood wanted to take the Government out of business, and on May 28. 1937, he issued Executive Order No. 66 ordering the liquidation of the National De,'clopment Company. As a result, no new activities were established during GovernOl' Wood's time as also during the administration of his successors, Governors Stimson, Davis and Roosevelt. I n 1934, Governor-General Frank Murphy, nowever, reversed the Republican policy and ordered t he rehabilitation of the National Development Company. With the organization of the Commonwealth Government, a special provision for the economic development of th~ Philippines was embodied in Section 1, Article XlI of the Constitution. On
November 13, 193G, the National Assembly passed Act No, 182 converting the National Development Company as created by Act No. 2849 into a pUblic corporation "to serve as an agency of the Commonwealtil of the Philippines in the furtherance of its economic policies." NATIONAL ECONOMIC SECURITY ENTERPRI SE, INC. H ead Office; 2nd Floor Lack and Davis Bldg., Manila - Registered: October 14, 1935 - Term: 50 years-Business: To Publish a Magazine to be Known as "NESJ" (National Economic Security Journal); Dis1.l'i»ute and Sell Same-Nationality: Filipino-CU1)ital Stock.: Pesos 20,000.00 divided into 1,000 shares of the pal' value of Pesos 20.00 eaeh-Sub8cl'ibed Capital: Pesos 4,OOO.00-l'1lcorpol'UtOl'S and Dil'ect01'S: Juan M. de los Reyes, Pedro C. BuJuran, Luisa C. Bulul'an, Rufina Legaspi a nd Gonzalo L. Manuel-Tl'ea8'Urel': Pedro C. Bulursn 220 Aeta, Tondo, Ma nila,
THE NATIONAL CITY BANK OF NEW YORK Including Domestic and Foreign Branches
Condensed Sta tement of Condition as of J nne 30, 1937 ASSETS Cash and Due froUl B:tnks and Bankers.. S 549,793,277.03 United States Government Ohligationl ( Direer or Full~' Guar:tnteed) .........•..... 119,401,464.82 Sute and Municipal Bonds .. 92,891,746.00 Other Bonds and Securities ... . ]40,441,108.95 Loans Discounts and Bankers .... tcept:lllces. 710,217,081.27 Cusromers' Liabilitv .... CCOUIl[ of Accepunces 2},909,693.07 3,6}7,5QO.00 Stode ill Federal Rescrve Bank ........... . O\\:ncrship of International Banking Corpora8,000,000.00 n on. . ... Bank Premises .. 51,I}O,151.77 Othcr Assets. 6,747,19361
52,006,169,216.52
LIABILITIES Deposits .............. . Liabiliry 15 Acceptor, Endorser o r Maker on Accept·
ances and Bills. $58,968,961.89 Less: Own Acceptances in Portfolio . 14,542,762.99
$I,807,811,OH.23
44,426,198.90
Itcms in Transit with Branches
5,0-46,056.38
Resen'C for: UnC;lrned Discount and Othcr Unearned Income ............. ,. , .. , ........... , Interest, Taxcs and Other .... ccrued Expenses .. Divideod .. Capital sn,soo.ooo.oo 4],750,000.00 l],746,581.15 57,496,581.15
6,}08,193.86 1,604,000.00
4,966,139.00
t~S!~rd~' Pr~fit~:: :.
134,996,581.15
Total.. , ..
-$2,006,169,216,52
FIGURES OF FOREIGN BRANCHES ARE AS OF JUNE 25, 1937 5..."'(urities ca.rried at $105,247,848,45 in the foregoing stlltcmcnt, consisting of S73,216.}2 of United Stales GO\'cmmcnt Oblil;adons, $18,913,]91.52 of Stare :lnd Municipa.l Bonds.. ~nd 51,853,240.61 of Othcr Bonds and Securities, afe depoSIted to seeurc $79,730,626.9] of Public ~nd Trust Deposits, ~nd (or oth:T purposes req uired by law. ( M.mh.r F,Jmll Dtp~/i' Intlmlnt< (ArpR:J';~II)
PHILIPPINES
349
Announcing~ The Increase of Capital Stock of the National Economic Security Enterprise, Inc.
from P20,OOO to Pl,OOO,OOO THIS is not aD announcement for subscription reservation for shares. The NATIONAL l>CO~OMIC SECURITY ENTERPRISE, INC. is â&#x20AC;˘ "close" corporation.
J UST the same, t his event is of vital importance to the investing public, because it is a rc-assurance of the financial stability of t.he "NESE".
THE "NESE" has now its own office building. It has its own printing press that prints. t he "Nese Journal." It has branches in the prmcipal cities and in many large commercia l towns in the Philippi nes, all financially stable and independent. It has just opened a. bmnch office in Shanghai, wh ich from all indications promises to become the "NESE'S" prem ier sub-company in the Far Eust.
A company that has grown from a P20,OOO.OO corporation to a. millionpeso firm in less t han five years is a convincing proof t hat its backers have fai th in public confidence.
ANY company t hat can eq ual t hese accomplishments within t he same period of time as the "NESE" has done it deserves co nt.inued unqualified publi c su pport.
National Economic Security Enterprise,Inc. P"btishe,.s of the "Nese jOitmat" Main Offices: Branches:
Nese Bldg., 422-428 Bambang, Manila
P. O. Box 2741
Vigan-Baguio- Naga-Legaspi-Tacloban- Iloilo; Shanghai, China,
T HE COMMERCIAL & INDUSTR IAL MANUAL
350
NATIONAL ENG I NEERI NG, SURVEY CO . Head Office: P. O. Box 2078, Manila-Registered .. June 25, 1935-Term: 50 years - Business: To Make or Effect Surveys of Minera l Lands and other Matters Pertaining Thereto, to Engage in the Survey of Public and Pr ivate Lands and Sub-divisions of Same - Nationality: Filipino - CfJ..1)it<J.l Stock: Pesos 100,000.00 divided into 100,000 shares of the par value of Pesos 1.00 each-Subscribed Capital: Pesos 20,lOO.OO-Capital P(!ici: Pesos 6,lOQ.OO-11ICO?"1J011:l1tors and Di1'ectO?'s: Pedro S. Carriedo. Vicente Villanueva, Julinn Salgado, R. F. NavalTO and Casimiro Panajon-Treasurel': Pedro S. Carriedo, Manila. NA1'IONAL ENTERPR1SES, INC. Head Office: 176-178 Juan Luna, l'II anila-
Bwsiuess: ]I.'ianagcment-Nlitionality: Filipino--Capital Stock: PC!l,OS 50,000.00 divided into 5,000,000 shares of the pal' value of Pesos 0.01 eachSltbscl'ibed Capital: Pesos 10,OOO.00-Capital Paid: Pesos 2,500.00-11lcOl·1)o·ra,tol"s: Andr es R. Camasu· l'a, Alfonso C. del Rosa 'io, Sergio A. Fernandez. Librado D. Cayco, Jose C. Rivera, Augusto M. Treyes and Ignacio C. Reyes. NATIONAL FOOD PRODU~TS CORPORATION Head Office: Manila, Ph~lippines-neoistered' October 20, 1937-Natiollality : Filipino---Bltsi1less.' To Promote, Maintain or Engage in Canning and PI'eservation of Fish, Meat Vegetables, Dairy Products, etc. Ca,pital Stock: P esos 2,500,000.00 riivide<l into 25,000 shares of t he par value of
Pcsos 100.00 each-Subscribed Capital: P esos ] ,275,500.00-Cal)ital Paid: Pesos 638,OOO.00-lncorporato)'s: National Development Company, Antonio de las Alas, EuJogio Rodriguez, Juan Posadas, Juan Elizalde and Manuel L. Roxas. NATIONAL GLASS AND GLASSWARE MANUFACTURERS, INC. Head Office: 470 Dasmal·jfias, Manila-Registered: August 28, HI37-BlIsi1l6S8: Manufacturc Glass, Glasswarc, ctc-NationaNty: I~ilipino Capital Stock: 1,000 shares of stock of no pal' value--SlIbsCJ'iiJed Capital: Pesos 1,OOO.OO-Ca1Jit-a1 Paid: Pesos 700.00-/'Ilco)·7JOratol'S.' Michael Goldenberg, Glicel'io Opinion, Paulino Briones, Carlos D. Parl'ocha, Pedro B. Gonzalez, P edro Gil, Em'iqu~ Lopez, Emilio Sta. Rita, lJ'cne Bince and FeJisn Geronimo. NATIONAL LI FE INSURANCE CO. Head Office: P. O. Box 2856, Manila-Age)l cies: Iloilo, Cebu, Davao, Pampanga-N(ltionality: Filipino---Busi1zess: Life Insul'ance-Pl'incipals: BO(tJ'd of DirectoJ's: Miguel Unson, President; Fulgencio BOl'l'omeo, Vicc-President; Jose de Leon y Joven, Director-Treasur er; L. R. Agu inaldo, AUI'elio Montinola, Eulogio Hodriguez, Jr., Vicente Villanueva, Dil'ectors-E:l'eeutiv6 C01l11l1it166: Fulgencio BOI'I'omeo, President; Jose de Leon y Jove~, Vicente Villanueva, l\fembers.-.lfa.)!ogell!(mt: MIguel Unson, Mana!!er; J. S. H ilario, Medical Director; E. S. Sevill a, Actuary; l\1. T innco, Sec-
N ATIONAL LIFE INSURANCE Co., INC LiABI LITIES, CA PITAL AND SURPLUS
ASSETS Cash . Loans 5e<ured b~' Collateral. Bonds.. First Mortgage Loans . Polie)' Loans. Rca! Estate Owned. Interest Due and Accrued Net Dderred & Due Premiums. Other Asscts.
TOTAL
1~I28,668.6~
3,550·00 15,230.93 576,605.99 17,950,25 2O,20}.02 n,46}.ll 27,994.83 868.}2
Legal Policy R('servc. Guaranteed Bonus Funds. Pr('miums & Interests Paid in Ad"ance Reserve for Tues . . Res('r\'(' for Bills not yet presented. Held on Deposit.. Total Liabilities_.
"129,350S1 18.626,65
5.1100 2,21 1 60 5,150·60 6,448.92
'-266,902,66 ~15,)OO.oo
Capital Paid In . .. Surplus ...... TOTAL.
121.H2.66 1·804,535.}2
CERTIFIED CORRECf: GUILLERMO E. TORRES, C.P.A .• Art,,,"'.""
PHILIPPINES retary.-Gelteral Ayellcy: Arsenio N. Luz, General Agent; N. Barrenengoa, Asst. General Agent and Agency Manager.-Established: August 1st., 1933 _Allthol'i::ed Capit(l/'- Pesos 1,OOO,OOO.OO-Paid-in Capital: Pesos 415,300.00-Par VatTlc 0/ Shal'cs: Pesos lOO.OO-Anmwl TW"1!-over: P esos 1,500,000.00 Legal Reserve: Pesos 230,ODO.OO-Telegraph: "Nationlife"-Bunk Refel'eJlce: Philippine National Bank; Bank of the Philippine Islands. The National Life Insurance Co. was incorporated January 19, Hl33 under the laws of the Philippines by a group of prominent Filipino financiers and businessmen headed by Miguel Unson, ex-Secretary of Finance of the Philippine Government and form!>!' President of the Philippine National Bank. The writing of policies was, however, 110t conunenced till August 1, ]f)33. The response of the insuring public has been very encouraging and the Company now has in its books life insurance in force of about Pesos 4,000,000.00. In addition to the usual standal'd life nnd endow'ment policies the Company writes the follvwing special plans: Family Income, Anticipated Endowment, Retirement Income, Child's Educational and Personal Accident. NATIONAL MUTUAL SECURITY Head Office: 703 Masonic rI'emple, ManilaRegisteTed: May 21, 1935-Tel'7»': 50 years-Nat;onality: Filipino-Incorporators: Galicano A. Dionisio, Cannen Cecilio, Maximina S. Soriano, ~onso lacion Javellana, Felixberta M. Santillan, Cipriano Gabia and Am'ora Madlangba),an-Directors: Lo~ renzo A. Dionisio, Carmen Cecilia, Maximina S. So~ riano, Consolacion Javellana, Galicano A. [Dionisio, A. A. Soriano, Alfredo M. Padolina and Temiscocles Elvifta-T1'easu:rer: Carmen Cecilio, 703 Evangel is~ ta, Sta. Cruz, Man ila. NATIONAL POWDER AND DYNAMITE CO. Head Office: 206 Crystal Arcade, Manila-Regis~el'ed: October 29, 1937-Nat-ioualit.y: American -Business: To manufacture explosives of all kinds, including powder, dynamite, ammunition, etc.Capital Stock: Pesos 3,000 shares of no par valueSubscribed Ca7}ital: 600 shares of no par value.Capita/ Paid: Pesos 750.00-hzcol'l'ol'atol's: Claro M. Recto, Edmund W. Sched ler, M. Cuaderno, John C. Robb, Gonzalo R. Valdez, Adolfo Roensch, Jose Ma. Cacho, E. J. Hal sema, Julia Vargas Vda. -1,<, Ortigas and Francisco Ortigas Jr. Officials of the company stnte that although considerable progress has already been made, no announcement will be published concerning the com~
)51
pany's plans. They also state that while the project involves an investment of several million pesos. it is unlikely that any public financing will be l'e;itorted to as indications arc that the entire capital will be fully subscribed in large units by a small group of Filipino and American investors. It was emphasized that the com pany is not a pro~ motion scheme, and has nothing to sell to the public. THE NATIONAL RICE & CORN CORPORATION Head Office: 732 Evangelista, l'I1anila-Regi8~ tel·ed; April 7, 1936-Tenn: 30 ~·ears-Busine8s Rehabilitation and Stabilbmtion of the Rice and Corn Industry of the Philil)pines, etc.-Natio1Utlity: Filipino-Caq>ilal Stock: Pesos 4,000,000.00 divided into 40,000 shares of the par value of Pesos 100.00 each-Subscl'ibed a1ld Puid~in Caq>ital: Pesos 4,000,~ OOO.OO-lnco1'1)Ql'ato/,s and Dil'cctMS: Vicente Sing~ son Encarnacion, Manuel Roxas, Cornelio Balmace~ da, Nicanor Jacinto, Narcisa B. de L eon, Maximino Noel and Victor Buencamino. Officials; V. Sing~ son Encarnacion, Pl'esident; V. Buencamino. VicePresident! and l\Janager; Victor Pagulayan, Asst. Manager; Arsenjo P aez, Sec-Tl'easurer; RufinO' Meilo, Comptl·oller- Bal1k Refel·ence: Philippine National Bank. NATIONAL PRODU CE CLEARING HOUSE Head Office: Cornr:r Evangelista and Azcarraga, Manila-Registe/'ell: September 4, 1937-)\7«tionality: Filipino-Business: To act as the Gen~ eral Clearing Agency for the members of the National Produce Exchange-Ca.pital Stock: Pesos 5,000.00 divided into 25 shares of the par value of Pesos 200.00 each-Subsc)'ibed Capital: Pesos 1,400.00-Caq)ital Pnid : Pesos 350.00-I1IC01·PO}·afors: Geo. F. Rowe, Norbert W. Schmelkes, Euiogio Rodriguez, Jr., N. Qui sumbing, Jose de Borja and M. Cuaderno. NATIONAL SPORTI.NG CENTER, INC. Head Office: 183 David, Escolta, l\IanilaNatio)lality: Fi1ipino-B1f.~iness; Sporting Goods; Firearms-Established: November 1936-Pri1!ci~ pals: Dionisio Calvo, Mana~er, Celso Tuason, Sebastian Ugal-te, Ambrosio Padilla , Juan TuasonAli thol-ized and Paid~in Cwpital: Pesos 10,000.00Pal' Vahle of ShaJ·es: Pesos 50.00-Annual TUI'Il~ ovel': Pesos 36,000.00-Agellcies: Goldsmith-Win~ chester~Magnan-Colt-Remington Telegraph Addl'eRs: Natsport-Ba)ll.: Refel'ellce: PhilippinE' Na~ tional Bank.
352
THE COMMERCIAL & INDUSTRIAL MANUAL
NATIONAL PRODUCE EXCHANGE i
Manila
Boord of Governors HON. EULOGIO RODRIGUEZ, Gairwrlll MR. CIPRIANO E. UNSON, MtIIlbeT DR. MANUEL L. ROXA S, Member DR. VICTOR BUENCAMINO, Monbtr MR. CORNELlO BALMACEDA, Member
Members Dominad or B. Ambrb sio .. . 701 San Vicente, Manila. .Tel. 2-28-07; J ose de Borja.. . .. 1551 Azcarraga, Mani la.. . .. Tel. 2-88-05; Felipe Buencamino. . . .. Wilson Bldg., Manila..... .. Tel. 2-37-37 Pedro Carriedo .. ....... ~ .. 10 5 Plaza Sta. Cruz, Mani la .... Tel. 2-12-01, Jose Celeste. . . . 101 Echague, Manila. Tel. 2-41 -88 Augusto J. D. Cortes. . . . . 242 Rosario, Ma nila. . . .. Tel. 4-97-34, Castor P. Cruz. . . ... 609 Samani llo Bldg .• Manila ... Tel. 2-21-92; Miguel Cuaderno.. . .205 Crystal Arcade, Manila .. . . Tel. 2-18-39 Francisco M. Esteban.. .. 216 Tanduay, Manila. . . . . Tel. 2-29-97. OCtO Frauendorff.. . . . 103 Balmes, Manila... . . . .Tel. 2-13-15. Alistair C. Hall.. ... Wilson Bldg .• Manila. . .. Tel. 2-10-15, Sergius Klotz ..... ..... , .. Wilson Bldg, Manila. .Te l. 2-38-34; Aurelio Monrinola . . ..... 122 Juan Luna, Manila. .. Tel. 4-93-98; Angel Padilla . .. . . 125 Escolta, Manila. . . . Tel. 2-18-34 Norberta Quisumbing.. . Cn'stal Arcade. Manila. . . Tel. 2-19-55, Eul ogio Rodriguez, Jr . 823 Dagupan, Manila. . Tel. 4-94-23. George F. Rowe. .. Yutivo Bldg., Mani la. .. .. Tel. 1-21-53, J ohn Russell . . . 188 J uan Luna, Manila. Tel. 4-99-54, Norbert W. Schmelkes . .... 2 E1 Hogar Bldg .• Manila . . .Tel. 2-16-24. Manuel Urquico. . . . . 1010 Oregon. Manib... . . .Tel. 5-71-03 lldefonso CoscolJuei:t ...... Brias Roxas Bldg .• Manila . . .. Tel. 2-14-51 .T. W. Greene. . . Singson Bldg .• Manila . . Tel. 2-79-J 8 Li Seng Hiap.. . .... 124 Muelle de Binondo, Manila . Tel. 4-96-60 Arsenio N. Luz . Regina Bldg., Manila . . Tel. 2-301-34
2-55-65 ; res. 5-52-22 res. 4-80-69; 4-92-13
res. 5-47-30 res. 5-42-72 2-28-49; res. 5-66-51 res. 5-71-07 res. 2-30-17 res. 5-65-21 2-35-47. res. 5-10-64 1-1 9·.Q3; 4-91-94 2-10-87 2-70-60 2-79-80 6-71 -49 5-75-49
res. res . res. res .
PHILIPPINES NATIONAL SWEEPSTAKES AGENCY, INC. Head Office. 320 Bustos, Manila-Registered. September 9, 1935-Ternt: 50 years-Nat-:onality: Filip no-Capital Stock: Pesos 1'10.00000 divided into 1,000 shares of the par value of Pesos 100.00 each-Sttbscribed Capital: Pesos 20,000.00- Capioo'l Paid: S,OOO.OO-Incorporators and dJ.recto1"s: P. F. Flores, Mar.ana R. Flores, J ose J. Falconi, Julian B. Magat and Jose Perez.-TreaS'lWe1': Mariano R Flores, 320 Bustos, Manila. NAVOA RUBBER PRODUCTS, INC. Head Office: 91l Bilbao, Tondo, Manila-Registered: June 24, 1936-Tenn.; 50 years-Business: Manufacturing, Buy:ng, Selling, Importing, Exporting, and Otherwise Dealing, in, Wholesale or Reta] Quantities, Rubber Shoes and other Kinds of Shoes-Nab ona(itll: Filipino--Capital Stock: !Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 each---Subscr'lbe Capital: Pesos 20,000.00----Capital 'paid: Pesos 15,400.00----Incorpoyators and Directors: Eleuterio Navoa, Rita N. Rivera, Ricardo Navoa, Eleuter:o Navoa J r., and Remecros Navoa- Treasurer: Rita N, Rivera, 912 Sto. Cristo, Tondo, Manila.
NA YAK MINING CORPORA'짜'ION Head Office: Session Road, Baguio, p, I.Permit to sell shares g r anted; Sept. 29, 1937Altthorized Capital: Pesos 250,000,OO-Par Value; Pesos O,lO-Subscribed Cwpital: P esos 193,250.00Paid I n Capital: Pesos 182,75'0.00-Di1'ecto1's {ma IncQrporators: C. P. Dugan, President; R. H. Walker, Vice-President; D, Walstrom, F. P. Pascoe, Members; p, Liclican, Sec.-Treas. Perm it to sell 1,067,600 ~hares g~anted.-Bank Reference: Peoples Bank and Trust Company.
353
pOl'ation acquired the said property, was reasonable. On t he light report of Engineer W. T . Graham accompanying the said indorsement and other subsequent reports which have been examined which was pla'ced on the property of the Cayan Mining Association when the Na,yak Mining Corporation cheeked in the field, this Office cannot recommend the value of [1118,191.14 but will offer no objection to a value not exceeding 1'50,000.00 for the said claims, in accordance with the r esume of their valuation attached hereto. Before accepting the above claims as assets of the Nayak Mining Corporation, and as basis of any promotion, it is recommended that thc owners of the claims be required to present documents on which their titles on the claims are based, the effect that the same are free from conflicts and are not within any govel'nment reserve, and t hat the herein corporation shall not hold more t han 450 hectares (50 full lode claims) in anyone province, nor more than 250 claims in all the provinces in the Philippines, nor more than 3,200 hectares of lands containing placer deposits in anyone pl'ovinqe, and that at least 60% of the canital of the herein corporation is owned and shall at all times .lie owned b)' citizens of the Philippines or of the United States. It should be understood that the herein corporation shall not hold more than one claim on the same vein or 'lode as provided by Scction 33 of the Act of Congress of July 1, 1902, nor mor e 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 said claims shall be leased under the provisions of the new Mining Law (Commonwealth Act No. 137) ,
COMMENTS OF TUg BURgAU OF M INES
In his first indorsement dated September 29, 1936 the Insul ar Treasurer requested the opinion of this Office as to whether the value- of P118,191.14 the amount recommended by which the cor-
NEGROS INV ESTMENT & DEVELOPMENT COMPANY Head Office: Hirnamaylan, Occidentla Negro$-Registered: August 15, 193&-Term: 50 years----
NATIONAL SPORTING CENTER, INC GOLDSMITH ATHLETIC EQUIPMENT FIREARMS AND AMMUNITION P. O. Box 1825
183 David, Escolta, Manila
Tel. 2-29-79 -----~
354
THE COMMERCIAL & IND USTRIAL MANUAL
Busine88: Manufacturer and Sale of Lumber, Timber, and Wood and in the Exportation Thereof; to Establish, Maintain and Operate Saw-Mills or P lanning-Mills for Manufactur:ng Lumber and Timber and Sawing Logs, etc.-Natumality.- Filipino---Capital Stock: Pesos 200,000.00 divided into 20,000 shares of the par value of Pesos 10.00 each---Subscribed Capital: Pesos 40,000.00 Capital Paid: Pesos 20,OOO.OO-lncorpo1"ators a1!d Directors: Valeria no Gatuslao, Jose Sian Monton, Miguel Gatuslao, Aurelio Estcller, Jose Hernando Gatuslao and Julita 1\1. Gatuslao. (~~ulita M. Gatuslao, is an incorporator only)-Treasu1"eJ': Jose Sian Monton, H.mamaylanjll Occ. Negros.
NEDERLANDSCH I NDISCHE IIANDELSBANK, N . V. NETHERLANDS INOlA COMMERCIAL BANK Man1'la Office: 21, P laza Moraga, P. O. Box 2344-E8tablished: April 26, 1937 (Manila); 1863 (Amsterdam) - Paid Up Capital: Pesos 37,000,000. -Re8e)'ve: Pesos 14.800,000.-Telegrapk: "Han~ delbank"-Codes Used: J?r:vate & Peterson I nternational Code 3rd. Edition-H ead Office: AmsterdamSub Office: The Hague, Rotterdam-B-ranches: Netherlands Indies, Briti Sh\ I ndia, Straits Settle-
â&#x20AC;˘
ments, China, Japan and the Philippines-Princi. pals: J. M, E. Nikkels H. E. Moquette, General Proxy.
NEGROS MINING CO., INC., THE Head Office: Wise Bldg., Manila-Registered: September 4, 1937-BuBine88: To aquire mines, and to explore and develope the same, etc.-Nationality: Filipino---Capital Stock: Pesos 600,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 eaeh-Sub8cribed Capital: Pe808 100,000.00Capital Paid: Pesos 25,508.00-/ncorporator8: Ja~ cinto P. Pl'esbitero, N. S. Generoso, Alipio Ykalina, Crispin Tabuen n., Sixto Orosa Rosita Sanchez de I nfante. NEGROS STEVEDORE TRANSPORTAT ION CO., I NC. Head Office: Iloilo, Il oilo-Registered: January 14, 1936-Term: 30 years-Busines8: Stevedoring, Towing, Salvage, etc,_National ty: Filipino----Capital Stock: Pesos 1,000,000.00 divided into 1,000 shares of the Par value of Pesos 1,000.00 eachSubscribed Ca.pital: Pesos 300,000.0O--Ca.pital Paid : Pesos 75,600.00; CMh Pesos 15.133.79 ; l'rope-rty:
-----+
Nederlandsch Indische Handelsbank, N.V. Established 1863 at Amsterdam
Paid-up Capital . ........... Guil ders 33,000,000 ( Pesos 37,000,000) . .. . . .. .. . . Guilders 13,200,000 (Pesos 14,800,000) Reserve Fund. General Head Office at Amsterdam wi th sub-offices at Rotterdam and The Hague HEAD OFFICE: For the Netherl ands Indies at Batavia BRANCHES: in the Netherlands Indies, British India, Strai ts Settlements, Chi na, Japan and the Philippines BRANCH AT MANILA: 21 Plaza Moraga EVERY DESCRIPTION OF BANKING BUSINESS TRANSACTED
PHILIPPINES Pesos 60,466.21-1ncorpo1'ators and Dirctors: P lacido L. Mapa, Nicolas A. Lizares, Cesar Ledesma, Jose Corominas Jr., Antonio P. Montelibano and Emiliano Lizares. (Antonio P. Montelibano i::; an incorporator only)-T·reasl{rer: Jose Corominas, J aro, Iloilo. NEGROS TRAVELWAYS CORPORATION Head Office: Bacolod, Dcc. Negros-Registered: October 28, 1936-Te?'7n: 50 years-BUSiness : To Own, Operate and Maintain Systems of Transportation by Motor Driven Vehicles Over the Public Highways on the Island of Negros, ,Phil;ppine Islands; P assen~er and Freight-NationaL ty : Filipino-Ca.pital Stock: Pesos 10,000.00 divided into 100 shares of the par value of Pesos 100.00 eachSlt bsCl'ibed Capital: Pesos la,OOO.DO-Capital Paid: P esos 4,300 00-l ncorporatol's and Directors: Plinio C. Gaston, Edmundo Dreyfus Benjamin C. Gaston, Leona.rdo C. Caraig and Felipe L. LacsonTreasurer: Leonardo C. Caraig, Pulupandan, Gcc. Negros.
THE E DWARD J . NELn COMPANY Hood Office: 1 Pin pin, Manila-Business." Machinery Importers-Established: 1921-Telegr aph.: "Neled"-Bank Reference: National City Bank of New York. NESTLE & .\.NG LO-SW ISS MI LK PRODUCTS, LTD. Manila Office: 974 Azcal'raga. Street-Nationality: Swiss-Business: Distr ibutors of the Goods of Nestle & Anglo-Swiss Condensed Milk Co Cham & '"Vevey; Importers of all kinds of Milk Products, Cocoa and Chocolate-Telegraph.: "Nestanglo".
355
NEUSS, HESSLE IN COMPANY, I NC. Head Office." Manila, Philippines-Registered: November 20, 1936-Term: 50 years-Business: Merchants, Brokers, Traders, Importers, Exporters -Nationality: American-Capital Stock: Pesos 10,000.00 divided into 100 shares of the par value of Pesos 100.00 each-Subscr,bed and Paid CapitaL: Pesos 10,000.00 blco1'porators and Directors: Arnold Karrer, A. A. ViIlam ·n, L. W. Wirth, E. Dimayuga and Francico Morales-Treasurer: L. \". Wirth, Manila . NEW CH INA CHEMICAL WORKS, I NC. Head Office: 90 Rosario, Binondo, Ma nilaRegistered: J une 19, 19B6-Term: 20 yeal's-Bus'inct.'s ." Manufacture, I mport, Export, Trade and Deal in Drugs, Medicines, Surg·cal Instruments, P harmaceutical Equipments, Hospital Supplies, etc.Nationality: Chinese-Capital Stock: Pesos 50,000.00 divided into 1,000 shares of the par value of P esos 50.00 each. SltbSCI·ibed (wd Paid-in Capital: Pesos 12,600.00-l nco,·po1·ators and ,D rectors: Ku Se Tek, Guillermo T. Yu Eng Muy, Simon A Chan Bona, Uy Teck and Chan Kiau- Trea.sul·er." Ku Se Tek, 90 Rosario, Manila. NEW STAR F ILMS I NCORPORATED Heqd Off1'ce: Rooms 403-405 Burke Bldg, Manila-Rf."gistered· September 10, 1937-Nationalitl/ . Filipino-B1Isiness: Motion Pictures or Film:;.--Cu· pitai Stock: Pesos 1,000 <;hal"cs without par velue-Subscribed Capital: Pesos lO,OOO.OO-Capital Paid. Pesos 5,000.00-l ncor]Jo1·ators: Jose L. Uy, Maraf Lim, Re$;ti~uto Yuson, Nicasio Yuson, George P. Mussel', Gaudencio Palomares and Feli~: Quijano
NEW ZEALAND INSURANCE COMPANY, LIMITED Balance Sh eet as of 31st May, 1936 ASSETS Investments: Loans on Moft8age .. Stod:s and Shares. Buildings and Real Estate... Bonds and Debentures .. Interest and Rents Accrued .... Branch and Agency Balances . Ca$h and Bank Balances.
1~
173,997.00 3,151,438.00 4,2H,)60.oo
17,113,~81.00
·P14,783,277.00 297,375.00 1,512,792.00 1,091,784.00 1"28,686,U8.00
CAPITAL, LIABILITIES AND RESERVES Paid-up Capital.. . . :Pl1,CXXl,CXX>.oo Reserve [or Unexpired Risks.. 3,707,]03.67 Accounts Pavable and Provision lor Taxes. 1,04],420.00 Dividends Unpaid.. 6OO,CXXl.OO Losses unpaid.. 1,460,848.00 <;urplus and General Reserve . 9,874,656.33
P28,686,US.OO
356
THE COMMERCIAL & INDUSTRIAL MANUAL
NG CHIN BENG HERMANOS Head Office: 18 J. M. Basa St. P. 0, Box 93, Iloilo, Iloilo-Business: Exporters & Importers; All Kinds of Silks Printed And Plain For Women's Dresses, Linens And Wools For Men; Pianos, Radios & Phonographs; Buys And Sells Raw And Centrifugal Sugar; Wholesale And Retail-TeleYTaphs "Ngchinbeng"-Codes Used: PrivatcBranch Office: Arnoy. China, Manila, & Bacoldo. N~ gros Occidental. NG CHONG Y GAW TONG Head Office: No. 426 T. Alonso St. ManilaRegistered: July 31, 1936-Tcnn: Three years from June 29, 1936--Busine88: Manufacturing of Miqu i, Bijon and Flour-Capital Pesos G,ODO.OO-Capital: contributed by each partner: Ng Chong, Pesos 3,000.00; Gaw Tong, Pesos 3,OOD.DO-Manager: Ng Chong.
NG TIP & SONS, ING. Head Office: 203 Ecbague, l\1:anila-Natio1Iality: Chinese-Btlsiness: Provision Merchants; Caterers; Hotel and Restaurant Oper~tol's-Established: 1899; 19~4 Incorporated under the laws of the Philippine Islands-Proprietors of: Washington Grocery; Amer~ iean Grocery; Dainty Bakery; Great Eastern Holel; New Washington Hotel & Res aurant; Washington Hotel, Bnguio-Pri7lcipals: Nm Tip, President; Ng Luen Fai, Vice· President and General lVlanagerAuthOl'ized Capital: Pesos 650,000.00; Pa;d-in Coni. tat: Pesos 642,600.00-Pal· Value of Shares: Pesos
100.00-Telegraph: "Watip"-Codes: BentleyBank Re/e)'once: National City Bank of New York' China Banking Corporation. ' NG TUY & CO., LTD. Hea(l O/ficll: 418-420 Santo Cristo, Manila-Re. gistered: December 16, 1936--Term: Ten years, from September 15, 1936--B'18ine88: Merchandising -Nat'onality: Chinese-Capital: Pesos 6,000.00Capital cO?Ith"buted by each partner: Ng Tuy, Pesos 2,000,00 General Partner, Loo Tee, Pesos 2,000.00 Limited Partner, Lu Gui Tim, Pesos 2,000.00 Limited Partner-Manager: Ng Tuy. NGO CA HU & GO KA GlAN Head Offir.c: 901 Juan Luna, St., Mnnila-Reg. iBtel'ed: Mnrch 6, 1936-Tenn: Three years from January 1, 1936--Busine88: Buying and Selling Lumber in the Philippine Islands and to Foreign Countries-Capital: Pesos 8,OOO.00-Cap tal CO)lt1'j.. bided by each partner: Ngo Ca Bu, Pesos 4,000.00; Go Ka Gian, Pesos 4,00.00. NGO CHO TY & SY Kee Head Office: 130 Villalobos, Manan-Registered: March 9, 1936--Te1"m: 20 years fl'om March 3, 1936--B1U:ille88: Exchange Brokerage ete.Nationality: Chinese-Capital: Pesos 10,000.00Capital conttributed by each partMr: Ngo Cho Ty, Pesos 5,000.00; Sy Kee, Pesos 5,00000. NGO KIM: CHUY & COMPANY Hf>fI.d Office: 630 Soler, Sta. Cruz, Manila-Registered: May 28, 1936--Tenn: Three years be-
NIAGARA FIRE INSURANCE COMPANY ASSETS "Bonds and SlOch.. . . $25,21),546.00 Premiums in course of colleClion (nol 90 days 934,895.12 o\'erdue) .. '" Interest 3ccrucd.
59,309.26
Cash on deposit and in office . ... .-"folal Admitted Assets.
1,165,444.16
Lilt BlLlTIES
-.-31
Un:arned premium~. . . . ... . . . . S S,294.}S!6J S74,)95.18 Loss~ in process of ar!Juslm:llt ... Reserve for lues and exccnsc.s .... 3S"\'S80.00 400,000.00 Rc~crve for all other cJaim~ .. $ 2,0'J0,000.OO Capita!. ... Net Surplus. 18,750.866. is "Policyholders' Surplus ..
$27,373,194.54
·Va\unions on b:uis approved bv Nadonal Assoeiadon of In· surance Commissioncrs.-If actual nccembc:r 31, 19}6 mat!.:et quotations of bonds and suxh had ~ used the tOlal ad· mimd aS$(ts wt'\uld he $!7,992,540.54 and policyholders' surplus $21,}70,212 75. 5c<:uriries carried at S406,0.".00 in the abo\'e scatemc'llt ate deposiled for purposes required b)' law.
2O,75O.866.7S S17,37}, 194,54
PHILIPPINES ginning May 26, 1936--Business: Manufactur:ng and Selling Iron Furnitures-Nationaltiy: Ch.nese -Capital: Pesos 24,000.00-Capital contributed by each partner: Ngo Kim Chuy, Pesos 3,000.00; See Cua" Pesos 3,OOO.00j Ang Giok Tee, Pesos 3,000.00; Dy Chat Ling, Pesos 3,000.00; Yao pong, Pesos 3,000.00; Chu Ke Hon, Pesos 3,000.00; Ong A. Bin, Pesos 3,000.00: Ng Tio Seng, Pesos 3,000.00 -Manager: NA'o Kim Chuy. NGO KIT & CO., LIMITED Head Office: Nos. 343-345 Sto. Cristo, ManiIaRegistered: October 8, 1937-Pltrpose: Buying and selling minors and frames, etc.-Nationality: Chinese-Capital: Pesos 10,OOO.00-Capital con· t?-ibuted by each paTtne?': Ngo Kit, general partner, Pesos 5,500.00 j Chua Pue, limited partner, Pesos 2,250.00; Kiong Ka, limited partner, Pesos 2,250.00 -Manage?': Ngo Kit. NGO TIAN TEK Y NGO MAY Head Office: 603 Calle Magdalena, ManilaRegistered: April 2, 193'5-Term: 10 years, from March 6, 1935-Business \ Manufacture of Cardboard Boxes-Nationality: Chinese--Cap tal: 30,OOO.OO-Capital contributed by each partner : Ngo Tian Telc, Pesos 10,000.00; Ngo Hay, Pesos 20,000.00 -Manager: Ngo Hay. NICASIO A TUASON & CO. H ead Office: Man la-Registered: May 15, 1935 -Tenn: Five years from April 1, 1935-Business: Purchase and Sale, Importation and Exportation of all Kinds of AgricultUral Products, etc.-Nation.ality: Filipino -Capitrti: Pesos 24,000.0O-Capital
357
contributed by each partner: Nicasio A. Tuason, Pesos 9,000; Celso S. Tuason, Pesos 9,000; Jaime Buenafior, Pesos G,OOO-Manager: !Nicasio A. Tuason. NIECO MINING CO., INC. Head Offit-e: Manila, Philippines-Registe7ed: >September 29, 1936--Term: 50 years-Business: Mining, Placer Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing for Market, Manufactur:ng, Buy:ng, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, L mestone, and all Kinds of Ores, Metals and Minerals, etc.Nationality: Filipino-Capital Stock: Pesos 40,000 .. 00 divided into 400,000 shares of thc par value of Pesos 0.10 each-Subsc1·ibed and Paid Capital: Pesos 40,000.00-hzcorporators and DirectorS: Samuel J. Wilson, F. J. Coote, Juan Nabong, Marino OIon· driz and Joseph Reich-Treasurer: Juan Nabong, Manila, Philippines. NIELSON AIRPORT I NCORPORATED Head Office and Air pol·t: San Pedro Makati, Rizal-Principals: L. J. Coote, prcsident; C_ F. Gebhart, vice-president; George Scholey, J. L. Gif~ fen, Fmnz Weissblatt, W. H. Pratt, R. Messier, Juan Nabong and T. W. Farnell, Director-Authorized and Fully Snhscrihed Capital: Pesos 750.000.00 -Pa,I' l 'nl1le of Shares: Pesos O.lO-Telegraph AddreSJl: Afesn-Ballk Reference : Hongkong and Shanghai Banking Corporation. NIELSON SALES COMPANY Hcnd Office: 110 Escolta, Manila-Proprietor:
NEDERLANDSCH INDISCHE HANDLESBANK, N. V. Established at Amsterdam in 1863 (Netherlands India Commercial Bank, N. V.)
Condensed Balance Statement January 1st 1937 Capital Authoriled.. .
ASSETS
Ll ABILI11ES . ...... f 99.000.000,-
earital issued and fully ptid up .. Reserve Fund ....... ................ . Current. Ceres;t and other Accounts. Accentances and Bills Pa)·able ...... . Net Pro6t (Dividend shareholders S).
f}3.ooo.ooo.n,200.000,94.601.7S1.93 9.470. 3S7 .20 1.6S4.114.n f lS1.926.233.86
C:l.Sh :lnd Money a( Call .. . .. f Bani:ers Ahro:u:l. Treasury HiHs ............... . Bullion and Bills Receivable .. Loans on Bonds and Shares. Investmcnts and S)·ndiCalCs ..... . ........... . Advances to Cunomcrs and other Accounts. Bank Prcmi$CS and other Properties ..
9.184.4%,83 9.370.886,94 16.694.7.50,21.499.910.98 21.109.824,63 18.093.499,.53 S4.003.S3S,99 1.969.368,96 lSI.926.2H.86
THE COMMERCIAL & INDUSTRIAL MANUAL
358
NIELSON AN D COMPANY, INC. Mine MtnJager! and OperatorJ
•
MANAGERS PARACALE GOLD MINING CO., INC .. PARACALE-GUMAUS CONSOLIDATED MINING CO TlNAGO CONSOLIDATED MINES, INC .. LEPANTO CONSOLIDATED MINING COMPANY. HONGKONG MINES, LTD ..
. .......... . PARACALE .. PARACALE . .MASBATE . . . . MANKAYAN . ... . HONGKONG
MANAGING AND OPERATING NIECO MINING COMPANY . .. CAMP FOUR CONSOLIDATED MINING CO ..
•
. .... .. .. . PARACALE . .. . BAGUIO
'ENGINEERING DEPARTMENT COMPLETE,. WET AND FIRE ASSA YING- ORE TESTING PREPARATION AND EXAlVllNATION OF THIN AND POLISHED ORE SECTIONS
97 Cristobal , Paco
1: P. O. Box 717, Manila +- T els. 5-76-64, 5-76-65 &
5-76-55
"
• H igh Grade Securities• Promotion of Mining Companies-
L. R. NIELSON & COMPANY Brokers Member.r, Manila Stock Exchange BRA NCHES:-
BAGUIO- ILOILO- HONGKONG
• Our R eputation for R eliabititJ' Is Your • Guarantee of Efficimt Service
PHILIPPINES L. R. Nielson-Busine.98: Office and Store Equip. ment-Agents for: Remington Rand Safes and Cabinets; F & E Check Writers. Barrett Adding Machines i Odhner machines; Monarch adding machines and other recognized office equipment finns -Telegraph Address: CheckG-Bank References:
Peoples Bank and 'rrust Company; Hongkong and Shanghai Bnnking Corporation.
THE NORLUZON COMMERCIAL & INDUSTRIAL CORPORATION Head O//ice: 125 Escoita, Manila-Permit to sell 40,000,000 shares granted: October 15, 1937Authorized Capital: Pesos 2,000,000.00 (In process of Incorporation)-Subscribed Capital: None; Par Value; Pesos a.OI- Paid In Capital: None; Commission Fee; 55'0 of the value of the securities actually sold Promotion Fee; 7.1/2% of the secur· ities sold for cash-Directors and IncOTpO'T'aUn-tJ: Manuel A. Alzate, Dr. Leon Manzanillo, Jaime La· guardia, Guadalupe Bengzon Vda. de Jimenez, Ro· sendo O. Subido, Judge Rafael Corpus, Financial Adviser; Maria A. Vda. de T.tlauera, Treasurer. THE NORTH AMERICAN TRADING & IMPORT CO. Head Office: 306 National City Bank Building. NORTH CAMARINES GOLD MINING CO . PROGRESS REPORT FOR THE MONT.t OF AUGUST, 1937 General-Work was concentrated at Level 250 until the last of the month when work was aband· oned due to the breakdown of the Diesel engine supplying current to the pumping faciHties. At the present time the Shafts is flooded, but work should be resnmed there by the latter part of September. Since thnt time work has been ac· celerated at Syndicato. Two more headings were begun there. The result was the cutting of two veins shortly after the first of September. Four days in all were lost due to the mechanical trouble. Developm~mt--The total advance for the month was 810 fee.t. Lovel Working Placr. Adv ance Total Advance 250 Drift 500 West 168 168 250 Drift 111 West 186.5 210.5 250 X-C 84R S,D 500 W 17 17 250 X-C 845 S, D 600 W 14 14 260 X-C 841 N, D 600 W 10 10 260 X-C 841 S, D 500 W 4 4 250 Drift 201 West 49 73 250 Drift 201 East 8 8
260 0-113 0-113 0·113 0-45
359
Drift 500 East 19 D 539 N, X-C 533 W 10 X·Cut 533 East 80 X·Cut 533 West 150 X-Cut 431 94.5 Total
"
10 80 150 94.5
810.00 Ft.
Drift 500 Wcst, Level 2s0-A total of 168 feet was advanced with X-Cuts each 50 ft. Assays throughout the entire 168 feet advanced were below economic mining value. Drift 1/1 West, Level 25Q-An advance of 186.5 feet wa ~ made. A narrow, but strong quartz vein was followed for this distance, but it also did not a ssay, although there is a small ore shoot some SO feet long at the beginning of the drift. This drift was stopped at 210.5 feet. It is planned to drift east at a later date. This drift was stopped in an effort to concentrate on showings that are though to yield better results. Drift 201 West, LfJvfJL 250-An advance 49 feet was made during the last part of August. A small ore shoot apparently was encountered, was the last 20 feet of drift driven before the collapse of the 320 Diesel engine averaged $6.66 over 21 inches. So far the vcin is very narrow, but it may persist for some length as a diamond drill hole some 450 feet we.st of the face yielded as assay of $20.00 over 2 feet. This dl'ift will be pushed when the shaft and workings are unwatered Drift 500 East, Level 250-This drift was started at the end of the month. X-Cut 533 East, X·G«t 533 West, Level 0·113These X-Cuts were driven 80 feet and 150 feet respectively, but nothing was cut by the end of August. XvCut 4.31, Levd 0-45-An advance of 94.50 feet was made, but nothing was cut hy the end of the month. Things of Interest si'lce the First of SeptfJmbfJ":
-At X·Cut 533 east a vein approximately 30 inches wide was cut some 100 feet east of X-Cut 019. ' A drift has been started, Drift 529 N, values of $4.00 and $5.00 over 20 to 30 inches are found. At X-Cut 533 West, 160 feet west of X-Cut 019 a vein 36 inches wide was cut. About 54 feet of drift has been driven. Values average from $8.00 to $9.00 over 2{) to 30 inches. At X-Cut 4.31 a vein some 36 inchcs wide was intersected 358 feet fl'om the portal. The vein is
360
THE COMMERCIAL & INDUSTRIAL MANUAL
quite strong. but values are quite low. A Drift has been started called Drift 710 East. When work is resumed at Level 250 it is hoped that development work wil! be able to be carried on in orc on three veins. This, of course, including the two veins at Syndicato, and onc at Level 250. Namely Drift 201 West, Level 250; Drift 545 North, Level 0-113; Drift 529 North, Level C-113. CO'/1$;t/-uction-The assay office was placed in service and operated until the end of the month when lack of power forced a shutdown. The hospital is now undel' construction, and will be finished by the end of September. The PRE-2 compressor is partially erected. This will be completed when the electrical equipment arrive from Manila.-(Sgd.) D. SPAULDING, General SI~pe''il1tellde1tt. NORTH EAST MJNDANAO MINING CORP. Head Office: Manila, Philipp ines-Registe-red: October 20, 1936-T'trm: 50 years-B1tl:liness: M·ning, Milling, Cnocentrating, Con verting, Smelting, Treating, Prepuing fo\ Market, Manufacturing, Buying, Selling, Exchan'l!i:ing and Otherwise Producing and Dealing in Gold, Si lver, Copper, Lead, Z·nc, Brass, Iron, Steel, and all Kinds of Ores, Metals and Minerals etc.-Nationality: Filip:no-Capital Stock: Pesos 250,000.00 divided into 25,000,000 shares of the par value of Pesos 0.01 eachSubscribed Capital: Pesos 146,000.00-Capital Paid: Pesos 73,000 00_Incorporators and '.Directors: Gabriel J. Cr·stobal, Alfredo S. Paredes, Nicolas :rorsa, N 'colas G. Escario, Ramon S. Araneta, Andres Borromeo, Alejandro T. Reyes, Simplicio Lizares and J. Amado Araneta. (Alfredo S. Paredes, Nicolas Misa, Ramon S. Araneta and Sifpncio Lizares, are incorporators only)-T1'CUS1U'(!1": Gabriel J. Cristobal, Manila. NORTH LUZON RED LUMBER COMPANY H ead Office: Room 222 Perez Samanillo Bldg., Manila-Registerell: August 27, 1937-Tenlt: 50 years-Busincss: Lumbering and Timbering, etc.Nationality: Filipino-Capital Stock: Pesos 500,000.00 divided into 500,000 shares of the par value of Pesos 1.00 each-Subscribed and Paid-in Capital: Pesos 120,000.00; Cash; Pesos 6,000.00 Property; Pesos 114,000.00-Incorporators: Sergio V. Sison, A. I. Reynolds, P edro Franco, Jose Reinoso, D. S. Jurisprudencia and Francisco Segado. NORTH MINDANAO LUMBER TRADING CO., INC. Head Office: 4th Floor Cu Unjieng Bldg., Ma... nila- R eoiste-red: April 16, 1936--Term: 50 years
Business: To Obtain and Timber Concessions from the Government of Philippines, Operate and Exploit the same; to Establish, Own and Operate Sawmills, etc., etc.-Natio'lality: Filipin!>-C'apilal Slock: Pesos 50,000.00-Capital Paid: Pesos 12,500.00-hu:oTPOI·a.tors and Directors: Vicente Madrigal, Julio Catolos, Mar.ano Natividad, Ramon Reyes, Jose P. de Tagle and Serafin Villaflor. (Jose P. de Tagle, is an incorporator only)-T-reaSll-rer: Jose Eloriaga, Manila, P. I. NORTH MINDANAO MINING CO., INC. Head Office: 443 San Vicente, Manila-Registe,·ed: April 6, 1936-Tel'm: 60 years-BllSi1te8s: To search for, Prosllect and explore Oras and Mineral s, and to Locate Mining Claims, Placel" grounds or lode within the Philippines-Nationality: Filipino-Capital Stock: Pesos 800,000.00 divided into 8,000,000 s hares of the pal" value of Pesos 0.10 each-Sllbscribed Capital: Pesos 800,000.00Shares Issued: Pesos 383,250.00-h!corpomtol"s: Dr. Maximo Borromeo, Atty, Claudio R. de Luzuriaga, Mr. A. F. Kelly, Captain D. E. Lconor, Mr. Jules DreYfus, Judge A. M. Opisso and Mr. H. M. O'Malley-Officers: Pres ident, Dr. Maximo BOrl'omeo; Vice President, Judge A. l\L Opisso; Managing Director and General Manager, Capt. O. E. Leonor; Secretary, Jose L. Blanco; Treasurer, Tcodoro Kalaw, Jr.-Directors: Judte. A. M. Opisso; Capt. D. E. Leanor; Dr. Maximo Borromeoj Atty Jose J. Roy; Hon. Lodovico Hidrosollo; Atty. Claudio R. de Luzuriaga and Mr. Ramon Santos. Declarations of Location effecting the foregoing claims arc all duly registered with the Surigao Mining Recorder. They were located undel' formerly existing mining laws. A few surface tenants occupy the premises; their activities being confined to gold panning, and the raising of camoros, etc. This situation is tolerated by the owners, but is not to be, in any manner adverse to your operations. Water appropriations, to the extent of 3480 liters per second, have been aOllroved. This IIppropriation constitutes practicoJly all the watel' in the several streams' upper reaches. The final resource to be brought in is from the West Matinao River. This has materially increased your water availability. Your corporation is also tl;!.e owner of an expansive timber concession, embt:acing all group trees, and extendinfr to include your water-shed and the claims under control.
PHILIPPINES Topographic R elief : -The summit s of the northerly extending Diuata Cordillera of Eastern Mindanao are to the west of the area considered, and it is there the headquarters of your streams are located. Local to the property group t he ridges are of low relief, and regularly indented by the canons of the Cansuran, Tagbasinaan, Tuguanan, Parang-P arang, and Sangay Rivers. The dividing r idges, particularly the Cansuran Ridge, is flat toppC!d and wide, Local vegetation abundantly mantles the area. Rain/all.·-Based upon the records of thirty years the district has an average annual precipitat ion of 140.27 inches during a period averaging 206 I'ainy days each year. Your maximnm requirement for water-when employing three hydraulic giants-is 1095 miners inches, and when employing two giants only; which is the usual procedUl'c ~ the requirement is 902 miners inches. In this relation I have calculated that under normal r ainfall conditions there will be an average annual water flow per day of 643 miners inches which should give the e~pectation of 18 hours 20 minutes daily average piping t ime under full head discharge at the giants. The above considerations are contingent upon normal rainfall and, as such, are ~ubject to varying latitude in direct relation to weather conditions which, for example, have been sub·normal during the past year. Geologic FeutlLres:- The foundation formations of the Surigao P eninsula are largely gabbr oid in~ trusives, considerably metamorphosed to serpentines and schists. These rocks are of probable pre-TE'rtiary age. Andesitic intrusives are of somewhat later age. Scdimentar y rock formations and unconsolidated alluvials superimpose the more ancient structures. The whole area has been subjected to numerous revolutionary dislocations thru time, and numerous subsidences and re-elevations have accompanied the hi storic sequence here. An ancient river once meandered th rough the former terr anc:e. This was c:harac:terized by quiesc:ent flow and deep gravel beds. The gravel deposit is auriferous; having derived the gold f rom local erosions into the igneous series rocks. Such gold is well distributed throughout the ancient stream deposit, and to secondary erosions of more modern streams. Its fineness averages approximately 900. The ancient stream was obliterated by the disruptions of successive andesite intrusions, upheavals,
}61
and regional subsidences. Today on e n otes only t he remnant lengths of the ancient str eam-usually high on the modern ridges. It is common to such a condition that your enterprise is operative. G,·uvel Features:-Your operations, and the results extending test work, disclose and average depth approximating 6.0 yards. This evident~y will be exceeded in the north end of the property. Bouldel's are in large proportion and range f r om the size of a base ball to those individuals weighing severnl tons. Boulders sizing from 1'0" to 2' -0" are predominant with interstitial gravel, sand, etc. making up the deposit. Outline of De velQpment:-Sampling in the Estanislao claim initially under taken toward deter· mining the justification of equipping the property for the hydraulic method of mining t he gravels. Conclusions were favo r able, and a syst!'m of ditches, flumes, and reservoirs, constructed from the several points of diversion. From the reservoir a 20" to 16" to 12" pipe line has bel:n laid for hydraulic pressure which is 108.5 Jbs. per square inch at the giants. The entire water system exceeds 7.0 kilometers length. A suitable operating camp has been constructed. This includes staff mess, power plant and bodega, offices, shop!!, dispensary, family quarters, bunk houses and laborers' mess. All buildings are of good construction. A camp water supply for fire protection, and domestic use, is laid. All buildings are electrically lighted. Operations are canied out under usual hydraulic mining procedure. Water from the: giants is di r ected against the gravel banks, and is employed to drive the debris through sluice boxt!.'< paved with gold saving riffles. Large boulders ar~ removed by manual labor in combination with a highline trolley actuated by a donkey hoist and cable~. The latter equipment has survived its officient use--due to pit expansion, lack of spar trees, and distance over which rocks must be transported. AlSO the rna· chinery is about worn out, and its remaining use· fulness had best be devoted to swamping logs cleared in advancing the operations. RecJmmendations under my general report outline the usI:. of a portable crane to supplant the donkey Dl:>sembly, and these will be later detailed herein. Personnel:- l\'[al'sman and Company, Inc. re~ present ed by the Wl'itel', managed YOll l enterprise from its inception until December 3ht 1936, upon which date the contract was mutually terminated.
3~ ______________ T ~H ~E~G~ ' O~M~MER ~~CI~A~L~&~[~N~D~U~S~T~R~ I A~L~MA~N ~U~A~L ~__________
During this year the operations have been under the management of your directorate; Capt. D. E. Leoner, Managing Directol'. :Mine operations are under the supervision of Mr. Aaron Parry. N'l criticism can be advanced concerning the adminis· tration of your affairs, and it is obvious that the elimination of a considerable overhead expense has reacted to materially reduce costs for your now routine operation which does not indicate expensive managerial contracts, or extraordinary technical ab ility; except for occasional guidanc~ ... - ( Sgd), D. E. Leon, Managing Diuctol".
NORTHERN ITOGON MINING CO., I NC. Head Office: Manila, Philippines-Regis tered: December 8, 1936-Term: 50 years-Bus11less : :Min· ing-Nationality: Filipino-Ca.pita.l Stock: Pesos 400,000.00 divided into 40,000,000 shares of the par value of Pesos 001 each-SubscT,bed Capital: Pe· 50S 80,000.00-Capital Paid: ·Pesos 20,000.00--Incorporators: Magdaleno C. Pefia, Augusto J. Lopez, J ayroe Mantilla, S. O. Lindogan, Leonor Mantilla , Franc :sco Esteban , Aurora Montilla, Josefa M. Pena, B. T, Cap:Ji, Victoriano Corpus, Anatol ia Mon· ti lla a nd Remigio Abello.
NORTHERN AGUSAN MINING DEVELOPMENT CO., INC. H ead Office: Crystal Arcade, Manila-Nation· lltL/ity : F.lipino--Formerly: N orthern Agusan Min· ing, Inc.-Granted Permiss:on to sell Stock to the Public by the I nsula, Treasurer-Authorized Capilal: Pesos 2,000,000.00-Directo1·s: Han. Guillermo Z. Villanueva, President; Federico Quimpo, Vice· President; Miss Remedios V. Cordero, Treasurer; Cesar A. Ramirez, Secret~ry i Dr. Justo Gonzalez, Member; Rev. Calixto Francisco, Member ; Ser gio A. Fernandez, Member, Anacleto G. Ner, Member.
NORTHERN MACAWI WI LI MINES, INC. Head Office: Room 306 Cu Unjieng Bldg., Manila-Reuistered: October 13, 1936-Term: 60 years - Business: Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing for Market, Manufacturing, buying, selling, exchanging, and otherwise pr oducing and dealing in gold, s ilver, copper, lead, zinc, Brass, Iron, Steel and all Kinds of Ores, Metals and Minerals, etc.-Nationality: Fili· pino--Capltat Sto ck: Pesos 500,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 169,950.00-Ca.pital Paid: Pesos 45,800.00-Incorporators and Direc· tors: Felicisimo Feria, Ramon Yusay, Enrique Yusay, Timoteo Consing, Trinidad Yusay, Felix Feria, r;abriel La 0, Alberto V. Garcia, J uan Acayan, Jose Eduque. Snlvacion F. Eduque, Gonzalo Puyat, Ernesto Y. Sibal, Pastor Esgu<!rra and Jose Soriano. (Ramon Yusay, Enrique Yusay, T imoteo Consing, Trinidad Yusay, Juan Acayan, Gonzalo Puyat, Ernesto Y. Sibal and Jose Soriano, are in· corporators only)-Treaswrer: Jose Eduque, Manila .
N ORTH NEGROS SUGAR COMPANY, I NC. Head Office: 11all:18, P. r.-Nat;orwlity: Am· er:can-BlIsiness: Raw Sugar and Alcohol-Established: September 4th., 1917-Principals: M. J. Ossorio, J. J. Ossorio, Alfred D. Cooper, Shiras M. J ones, Carlos de OteY7.a, Francisco Ossario, Manuel 1\1. Rincon, H. J. Yo ung-Auth orized and Paid-1'n Capital: Pesos 10,000,000.00-TeleUTaph Address: Nonsuco--Codes: Bentley's. NORTHERN ILOCOS MI N I NG EXPLORATION INCORPORATED H ead Office: 51 Escolta, JUanila-Registered: August 27, 1935-Term: 50 years-Business : To Prospect, I nquire, Examine, Explore and Test, and to Dispatch and Employ Expeditions, Commissions and other Agents, etc.-Nationality: Fil pino--Capitai Stock: Pesos 250,000.00 divided into 2,500,000 shares of t he par value of Pesos 0.10 each-Subscribed and Paid-in. Capital: Pesos 82,500,00; Cash: Pesos 7,500.00; P roperty: Pesos 75,00000--IncOrpo_ Tators and Directors: Vicente T. Fernandez, Simeon Mandac, Honorato E. Ordofiez, Jose J . de Guzman and Eduardo del Rosario Tan Kiang-Treasurer: Vicente T. Fernandez, 204 Valenzuela, Sta. Mesa, Manila.
NORTHERN METAL S, I NC. Head Office: Manila. Philippint!~ Term: 50 years-BlIsiness: To locate explore and develop mineral lands anywhere in the Philippines-Nationality: Fili pino--Capital Stock: 200 shares without par value-Subscribed Ca.pital: P4,400.00-Capit.a1 Paid: P1,lOO.00-bu::orporators: Gregorio C. Concepcion, F. M. Amagana, Amnda R. Reyes, Marcos K. Arellano, Rosal ia S. de Tangco, Crispin Oben and Arturo A. Reyes. NORTHWESTERN H IGH SCHOOL H ead Office : Camiling, Tarlac-Rlluistered : November 24, 1936-Term: 60 years-BusiNess: Pri\'ate School of E lementary, Secondary or Collegiate Stand ing-Nationality: Filipino-Capiud
PHILIPPfNES Stock: P esos 10,000.00 divided into 1,000 shares of the par value of Pesos 10.00 each-Subscribed Capital: Pesos 4,lOO.OO-Capital Paid: Pesos 2,100.00 _Incorporators and Trustees: Simon Pn. Santos, Bartolome Domingo, Telesforo Galang, Exequias Espejo, Cristobal Ch. Mendoza, Mariano Toledo, Rufino Yadao, Donato Basilio, Segunda Felix, Timoteo A.gust:n, Isidoro Balanay, Domingo Nicolas. (Mariano Toledo, Rufino Yadao, Donato Basilio, Segunda Felix, Timoteo Agustin, Is;doro Balanay and Domingo Nicolas are incorporators only)-T7ea.s1t7eT: Telesforo Agaiang, Camiling, Tarlac.
NORTON & HARRISON COMPANY Head Office: Manila, P . I.-Nationality: American-Established: 1911-P?"incipals: F. C. Hagedorn, P resident and Treasurer j Chas. A. F OSSIl1'l, Vi('e-President; L. D. Hargis, Directol' ; T. M Jordan, Di rector; A. M. Celis, Secretary-Agetlts fOl': W. P. Fuller & Company, San Francisco, Calif.; Johns-Manville I nternati.onal Corp., New York; Sargent & Compan)", New York; Signode Steel Strapping Company, Chicago; Crane Company, San Francisco, Calif.; Celotox Corporation, Chicago, 111.; Detroit Steel Products Company, Detroit, Mich.; S.C. Johnson & Son, rnc., Racine, Wiscon· sin; Richards-Wilcox Mfg. Co., Aurora, IIlinolr; Gladding, McBean & Company, Los Angeles, Calit.; Henr.Y Weis Manufacturing Co., Elkhart, Indiana; The Paraffine Companies, Inc., San Francis,!o: Toch Brothers, Inc., New York City; Wheelino; ::l.!etal & Mfg. Co., Wheeling, W. Va.-Telegraph: "HOOPTON"-Bank Refel·ence: National City B~.nk of New York.
)6)
Nationality.· Filipino-Business: Sugar-Establish_ ed: 1927 (Cabiao, Nueva Ecija)-Authorized Capital: Pesos 500,00D.OO-Paid Up Capital: P esos 300,000.00-Par Value of ShauB: Pesos 10.00- · P1"incipals: Jr. Felipe Buencamino, President and Managing Director; Jesus G. Barrera, Director and Secretary; O. D. Arr iola, Treasurer and Director; D. T . Reyes, Director: Jose B. L. Reyes, Vice-President and Director- Milt Office: Cabiao, Nueva Ecija-Bank Reference.: Bank of the Ph :lippine I slands. NUTR I-B IN PROD UCTS COM PANY Head Office: 162 Paz Paco, Manila-Nat·ion(tlity: British-Indian-P)'inci])al: Bachettae Singh. OFFI CE CLEA NING DISINFECTING CO., IN C. Head Office: 30!) Tambakan, Sta. Cruz, Manila -Registered: Apri l 20, 193B-Term : 50 yearsBltSiness: General Cleaning and Disinfecting-Nationality: Filipino-Gap:tal Stock: Pesos 5,000.00 divided into 1,000 shares of the par value of Pesos 5.00 each-Sltbscribed Ca:pital: Pesos 5,000.00-Capital Paid: Pesos 1,705.00; Cash: Pesos 500.00; PToperty: 1,205.00-/lIcorporators and Directo)'s: Antonio Jali-Jali, Pedro Aquino, Bricc:o Cueva, Leon
NortOn & Harrison Company 418 Kneedler Building MANILA, P. I.
NURVA COMP A-&lA ELECTRICA , INCORPORADA Head Office: Cadiz, Negros Occidental-Registered: July 15, 1935-Term: 50 years-Business: To Operate, Manage, Maintain, Conduct, Construct Acquire, Supply and Purchase an Electric plant for thc Production and Di stribution of Electric Fluid, etc.-Nau·07Ialitty: Filipino-CapitaL Stock: Pesos 50,000.00 divided into 5,000 shal'es of the par value of Pesos 10.00 each-Subscribed Capital: .Pesos 12,OOOJOO-Capital Paid: Pesos 3,000.00-Inco-rpora.tors and Di.,.edoTs: Antonio Monfort, Fennin Belmonte, Manuel P. Monfort, Cornelio Huyatid and Joaquin Herrerias-TTeQ.SUreT: Antonio Monfort, Cadiz, Occidental Negros. NUEVA ECIJA SUGAR MILLS, INC. Ma",i/a. Of~e: 2nd Floor Wilson Building-
LUMBER, H ARDWARE ROOFING, PAINTS AND OILS
Telegraph : " Hoo pton··
364
THE COMMERCIAL
&
Maestre and Martin Jali.,Jali-Tretl81trer: Antonio Jali-J ali, 412 Misericord.a, Manila. THE OFFICE APPLIANCE CO., LTD . Head Office: Shanghai-Mattila OI/1'ce: Corner l\'IueUe del Banco NacionaL and Soda St.- B,路anch : Hongkong-B,tsincss: Importers of Office Equipment and Supplies from Americn and Great Britain -Agents for Royal T ypewriters- Established: 1910 -Public Limited Company Incorporated under the Hongkong Ol'dinances-Paid-in Capital: Shanghai $713,286.72-Teleg)'Qph: "Appliance" Bank References: Chnrtered Bank of In dia, Australia and China, National City Bank of New York-Po N. Widdul), Shanghai, Managing Director, OHTA DEVELO,PMENT CO" I NC. Manta Office: 2nd Floor, El Hogar F'lipino Bldg.,-Bwliness: Planters, Importers and Exporters--Established: May' 7, 1907-A1!tllorized Capital: Pesos 2000,OOO.OO-Te)egraph: "Otha"-Codes Used: A.B,C. 6th Edition, :A.B.C. Improved, Bent ley's Complete & Second Phrase and P rivate CodesHead Office: Talamo, Davao-Branch Office: Tokyo, Kobe-Principals: Y. M rokuma, Pres'dent, T . Tanaka, Manager (Talomo), T. Kawamoto, Mana-
INDUSTRIAL MANUAL ger (Manila)-Agencies: Hanson & Orth, New York ; Landauer & Co. London; Brown & Dureau, Ltd., Australia-Bank Reference: Yokohama Specie Bank, Ltd. 0, R. O. OIL COMPANY Head Office: 425 Heacock Bldg" Manila-Reg istercd: October 14, 1936-Tcrm: 60 yenrs--BlIsiness: To Mine, Dig for, or Other\vise obtain fTom the earlh; Petroleum, Rock or carbon oils, Natural gas, Other calatile mineral substances and salt, and to manufacture, Refine, prepare for market, etcNational.'ty : American-C(lpital Stock: 3,000 shares, all of whi ch are without nominal or par valueSubscl-ibed Capital: Pesos 7,600.00-C(1)ital Paid: Pesos 3,OOO.OO-l ncol'Porators and J) l'ectOl's: Nicasio Osmeiia, Ra.fael R. Alunan, W, W. Hanis, M. H. O'Malley, Rafael Races, Jacob Rosenthal, J . B. Hoover, Arsenio N. Luz, W. W. Harris, J r., and M. L. Coleman. (lVL H. O'Malley, Jacob Rosenthal, J, B. Hoover and W. W. Harris, Jr., are incorporators only ) -T"casllrer : M, L. Coleman, Manila, P. I. OLD BUHI GOLD MINES, IN C, Hcad Office: Room 322 Heacock Bldg., Manila. - R egistered: January 12, 1937-Tern~: 60 years-
NUTRI-BrN PRODUCTS COMPANY MERCHANTS
162 Paz, Paco, Manila Philippines
Proprieror: BACHETTE SING H
PHILIPPINF-S Business: Mining-Nationality:
FilipinG-Ca.pital
Stock: 50,000 shares of stock of no par valueSubsC1':bed Capital: Pesos SO,OOO.OO-Capital Paid:
Pesos 12,500.00-incorporatoTs.' Robustiano Magalona Placido J. Estl:!ban, Jose D. Cortes, Joaquin del M~ral, Aguedo Ardosa, Jose A. Montinola and Rafael Morales. JOSE OLIVER SUCCESSORS COMPANY Head Office: 317 Carl'iedo. Qu:apo, Manila, P. L
Fil pino-Spanish-Business: Music Store; Musical Instruments, Radios, .Pianos, Organs, etc.-Estabt shed: 1887-lI1anager: Miguel Garcia Bosque-Partners: Alberto Valette and Heirs to Jose Oliver-Invested and Paid-in Capital: Pesos 200,OOO.OO-Telegrapl~ Address.' JosoJiver-Ba'tk Reference: Bank of the Philippine Islands. _Nationality:
OLYMPIC MINING CO., INC. Head Office: 501 H,eacock Bldg., Manila-Registered : September 23, 1936-Term: 50 yearsBusiness: Mining, Milling, Concentrating, Converting, Smelt'ng, Treating, Preparing for market, mar nufactur:ng, Buying, Selling, Exchang;ng, and Otherwise producing and dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and aU kinds of ores, Metals and mineral, etc.-Nationality: Filipino---Cap:tal Steck.- Pesos 200,000 00 divided into 20,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 40,OOO.0O-Capital Pa:'d: Pesos IO,OOO.OO-Incorporators and Directors: F. G. Martin, Segundo Mantilla, Gil Montilla Jr., R. L. Dean, Magdaleno C. Pena, E. J. C. Mantilla and S. O. Lindogan-TreastLrer: H. A. Gibbon, Mar nila. ONG CHI & COMPANY Head Office: 511-515 Gandara, Manila-Registel'ed: May 23, 1935~Term: 10 years from April 1, 1935-Bus ness: To buy and sell second hand articles and general merchandise-NatiQ'nality: Chi-
)65
nese-Capital: Pesos 44,000.00-Capital contributed by each par tner: Ong Chi, Pesos 20,00000; Ong Pua, Pesos 12,000.00; Gregorio Apeiario, Pesos 12,OOO.OO-Manager: Ong Chi. ONG CHIN HU & COMPANY Head Office: 125 Nueva St., Manila-Registered: January 7, 1936-Term : 15 years from January 4, 1936-Business: To conduct a general mercantile business, including buying, selling, etc.-NatiOll.ality: Chinese-Capitat: Pesos 20,000.00-Captital cQntribttted Ly each pal路t1!CI'; Ong Chin Hu, Pesos 4,000.00; Ong Hey Pao, Pesos 4,000.00; Ong Cheng Ba, Pesos 4,00000; Ong Chin Pe, Pesos 4,000.00; Ong Tian Peng, Pesos 4,000.00. ONG KIM & COMPANY Head Office: 440 Sto. Cristo, Manila-Regis_ tered: March 7, 1936-Tel'm: Five years, from January 21, 1936-Business: Manufacturing and sellmg soap-Nationality: Chinese-Cap tal: Pesos 9,OOO.OO-Capital contl'ibuted by each pQ,rtner; Ong Kim, Pesos 3,000.00; Quieng In, Pesos 3,000.00; Ngo Tee, Pesos 3,OOO.00-Manager : Ong Kim. ONG SEM TAN TIAM AND COMPANY Head Office; No. 160 Santa Mesa, Manila_ Registered: November 14, 1935-Business: For buying and seiling genet'al merchandise-Nationality: Ch "nese-Oap tal: Pesos 5,000.00-Capital contributed by each partne1': Ong Sem & Tan Tiarn, Pesos 2,500; Go S m, Pesos 2,500.00-Manager: Ong Sem & Tan Tiam. ONG TA & COMPANY Head Office: 213 Elcano, Manila-Business; Buying and Selling of Sccond hand goods, Articles, Merchandise, etc.-Nationality: Chinese-Capital: Pesos 9,000.OO-Ca1Jital contributed by each partne1': Ong Ta, Pesos 3,000.00; Si Kiat, Pesos 3,000,00; Co Teng, Pesos 3,OOO.00-Manager; Ong Ta.
JOSE OLIVER SUCCESSORS COMPANY MUSICAL INSTRUMENTS MUSICAL SUPPLY STORE-PIANOS, RADIOS, ORGANS - ETC. ETC. ETC. AGENCIES THROUGHOUT THE PHILIPPINES 317 CARRIEDO, QUiAPO, MANILA-TELEGRAPH : "JOSOLIVER_oo _ _ _ _ _ __
366
THE COMMERCIAL & INDUSTRIAL MANUAL
ONG TUAN & COMPANY Head Office: 251-253 Gandara, Mallila-Regi.stered: April 1, 1936-Term: 10 years from April 16, 1935-Bl lsiness: To buy and sell and all Philippines and Foreign articles, etc.-Nationalitll: Chinese-Capital: Pesos 30,aOO.aO-Capital contributed by each pClrtn6r: Co See Ruan, P esos 10,'000.00; Chu Bun Tiong, Pesos 10,000.00; Ong T uan, Pesos lO,OOa.QO-Manager: Chua Bun Tiong. OPISSO & COMPANY, I NC. Head Office: S. J . Wil son Building, ManilaB1'a1lch: Paracai e, C. N.-Bltisnes8: Mining; Mine Management and Operation-Es tablished: Novemember 6th., 1936-Di1'scto)'s: A. M. Opisso, Jules Dreyfus, J. C. Vickers, C. R. de LUrzul'j),va, F. R. Campof', BJ'lmO Remcn tcl'in, 1!i. A. Heise-Authorized C(' l'ila/.- Pesos 2,500,000.00; S1'u s(wiued Capital: Pesos 669,700.00 ; Paict in Capital: Pesos 487,450.00 -Par Va11te of Sh a1'es: Pesos 0.05. Opisso & Company, "Jnc., organized under the laws of the Philippines and authorized by the Securities and Exchange Commission to dispose of its stock to the public announces through its Consulting Engineer, Mr. J. S. Bake~, that sa tisfactory results have come from the cHQrts of t he Company thus far. The organization nas engaged several engi neers which were al ready in the Philippines and has brought some men from the United States and ex路pects to have severa l m ore men aniving in the near future. Among t h ese men are: A. P. Bowie, f ormerly with l\1ars man & Company, Inc. a s Assistant Superintendent of Coco Grove, Inc.; Dean ,V. Albee, who has been in the I slands fol' several yea l's doing field work and more l'ecently with the General Exploration & Development Co. on their Mindanao properties, D. T. Hughes, diamond driller fo r the Company, and several practical men wiih long experience in t he Philippines a1;ld elsewhere. Among the new arrivals from the States are: J. McLaren Forbes , geologist, who has had considerable experience in hi s field and a graduate of the U niversity of Arizona, formerly wi th several of the copper companies in Arizona and experienced in California; George L. H. Loram. a graduate of the University of California and formerly consulting engineer more r ecently in t h e Mother Lode Section of California and with some considerable experience in Chile on mining examinations and development work; Donald MacLaren, who is arriving from the U nited States very shortly. is a graduate of Prince_
town Univers ity and later did some graduate work at the California Inst.itute of Technology. MacLaren with five years experience in the Insp irations Copper Co. in Arizona and later geologist and engineer for the Eagle Pitcher Co. of Arizona, is expected to prove a valuable addition to the organization. The activities of Opi sso & Company, Inc. at the present time consist principally in the examination of prospects which have been offered to the Company for development. Through a process of el imination those which did not indicate any possibilities have been nmnquished by the Company. Some groups of claims are undergoing intensive examination at the present time and certain of these al'e givin g considerable encouragement toward the continuing of the work. In addition to this wOl'k, Opisso & Company, Inc. engineers have been retained by several companies t o make detailed examinations of their properties and to con sider negotiating contracts for the management of these companies by Opisso & Company. lnc. Mter a period of examination of the properties of the Pal'acale Consolidated Venture an operating contract was concluded whereby Opisso & Company, Inc. ,viII develop t h e properties of this organization a n d erect a mill at such time as the property warrants it. Thus fa r the results have been quite g ratifying and a ssays ranging from $0.40 to S20.00 have been secured on the p roperty with sonle a s h igh as $26:l. rntcnsive developmen t outlined at the present moment consists of the sinking of a working :;;haft on t h e property and the driving of SUCh drifts and cross-cuts a s can be economically p laced to give maximum resull;..c; at a minimum expense. In a dd ition to this one of the properties of the San Mauricio Luklukan Mining Co. has given encouraging resul ts. The properties mentioned here have only been r ecently acquired by that Company. Assays from the group have given from $ ~.40 to $5.20. While the work here is only in the preliminary stage, as was stated, the results to date have been sufficiently encouraging to warrant addi tio nal expenditures on this property. Judge A. M. Opisso, well known attor ney and Pres ident of Opisso & Compan)'. Inc. stated upon being interviewed that with the aggressive and competent staff of engineers which the Company has been so fortunate in securing, togethe r with the
PHILIPPINES
)67
OPISSO & COMPANY, INC. MINE MANAGERS, OPERATORS CONSULTING ENGINEERS
Mankayan Gold Mines
Prudential Mining Company
Suyoc Slide Syndicate
Oriental Mining Association
United Mindanao Venture
Paracale Consolidated Venture
BALUNKOT & TINGALAN ASSOCIATION UNITED MINDANAO MILLIlN"G ASSOCIATION SAN MAURICIO LUKLUKAN MINING COMPANY, INC and
LICENSED BROKERAGE DEPARTMENT
Offices at
S. J. P. O. Box
3094
WILSON BLDG.
Juan Luna MANILA Philippines
Cable Address "OPISSOCO"
THE COMMERCIAL & INDUSTRiAL MANUAL
368
conservative attitude of aU the members of the organization and the desire of the Company to become a decided factor in the Philippine mining industry, the future of the Company will not only prove of illtCl'Cst to the stockholders of Opisso & Company, Tne. but will materially assist the economic development of the mine ral resources of t he Philippines. Thus far, it was stated, Opissa & Company engineers have examined properties in Surigao, Camarines Nor te, Camarines Sur, Leyte, Mountain Province, Zambales, Pangasinan, I1ocos Norte, Batangas, and Sorsogon. O'RACCA CONFECTIONERY CO., INC. H ead Office; Q'Racca Buil ding, Corner BatTaea a nd Urbiztondo, Manila, P. O. Box 19-Bmnch Store: Div isoria, Manila-Buying Office: Osaka: Japan-Branch Factory; SOf'!rabaya, J ava-Natiol1«lity: Japanese-B1~jness: Candy, Biscuit and Chewi ng Manufacturcr\ I mporters and Exporters -Established: I n 1925-=-/71col'pomted: I n 1933.411thorized Capital: P esos ~OO,OOO .OO (All Pai£! Up) -Tdegraph: " O'RACCA"-Codes; Acme. Bentl"Y's incipals: AI'ata Tsutsui, Pre ~ ident, :md Private-p)O Shigeru Murase, Vice-Pres. and Ma nager- Bamk Re/erence: The Yokohama SPCfie Bank, Ltd.
ORA S. NA, I NCORPORADA
Head Office: San P edro, Laguna-Registel'ed: August 26, 1936--Tenn: 50 years-Bltsi,less : To Second, Adhere and l\1aint.'\in with all possibility the suits which are actually supported by the people of the town of San P edro Tunasan, Laguna-Nati01lr a/ity: Fili pino-l 71corporato,'s (mel" Di"cctors: Jose H. Guevara, Jose L. Amante, Anastasio Olivares, .Tose Morando, Pedro Amante, Ciriaco Limpiahoy, Macario A. del Rosario, Tibul"cio Mora ndo and Marcos Sietereales.
OR IENTAL I NVESTMENT CORPORATION fI ead Office,: 614 Gandara, Manila-National· ity: Filipino-B1tsilleRs: Investments-E8tablished: January 25, 1935- P )'incipal8: E. T. Yu Chengco, P resident, Hao Tay, Luisa Yang Yu Chengco, G. T. Yu Eng l\1uy. Yang Pao Wang- Authorized Ca1)ltel: Pesos 250,000.00-Paid. in Capital: P c!'-os 62,200.00-·P m· V allie 0/ Shares: Pesos 100.00-SUI·· phis: Pesos 9,362.22-Ba71k Re/ol'ence: Bank of the Philippine Islands. ORIEN1'A L LAND TRANSPORTATION CO. H ead Office: Tacloban, Leyte-Regi8tered: September 30, 1936--Ten lL' 50 yeal"J-Business: Transportation by means of automobil es and autO' trucks. for passenger and fre ight servicJ. from 'facloban to all other towns in the eastern port:on of t he Province of Leyte. etc.-Nationality: Filipino -Ca1,ital Stock: Pesos 100,000.00 divided into 10,000 shares of the par value of Pesos 10 on ca chSubscribed Capital: Pesos 28,0¥O.00-Capital Paid: P esos 7,600.00; Cask: Pesos 2,100.00; P ro p81·ty: Pesos 5,500.00-/llcorporators and Dil'ectors: Ciria· co Enriquez, Ramon V. ]\.'fanza, Antonio Vergara, Gonzalo de Laseras, Pedro Basilio and Dclfin Aba· tayo-Treasu?"eJ': Ciriaco Enriquez, Tacloban, Leyte. ORI ENTAL MANGANESE MINES, INC. {lead Office: 304 Cu Unjieng Building, Manila -Na tionality: Filipino-Busine8s: Manganese Mining-Authorized Capital: P esos 250,000.00-Teleg raph: "Orman-Branch Office: Mayantoc, Tarlac; Dagupan, Pangasinan-Ballk R8/8rellce: Philippine National Bank, Manila. ORION MINING COMPANY October 12, 1937-Slockhold.ers of this company voted to d issolve the corporation at a meeting held on August 31, 1937. The Company is refunding a certain percentage of fund s to stockholders
, - -O'RACCA CANDIES. BISCUITS BUBBLE GUM S
O'RACCA Tel. 4·96·}}--1-'J6·56
Made 111 the Ph ilippl1les From Philippine Suga r By Filipino Labor For [he Filipinos
CONFECTIONER Y 67 HARRACA, MANILA
CO . ,
INC . P. O. Bol[ 19
PHILIPPINES and checks are now ready to be mailed to those holding certificates. Company officials refused to state the amount available for stockholders.
OSSORIO SECURITIES CORPORATION Head Office: Manila, P. L-Nation1llity: American-Business: Inve stments-Established: June 6th., 1932-Principals: M. J. Ossoria, Alfred D. Cooper, Shiras M. Jones, Carlos de Oteyza, H. J. YoungAuthorized Capital: P6,OOO,OOO.OO-Paili-in Capital: Pesos 2,Sll,700- Teiegraph: Ossorio--Code: Bentley's. OTIS ELEVATOR CQMP ANY Head Office: New York City-Manila Office: 15 Banquero---Nationalitll" American- Business: Manufacture. Installation and Service of Elevators, Dumbwaiters, Escalators, Etc.-Incorporated in U.S.A. State of Main~.i11a.JIager 1m' H OlIgkong and China' F. C. Munn with headquarters in Shanghai; Manage" Manila Office: R. C. Joubert--Note: Manila Office is branch office of Otis Elevator Company of Maine, U.S.A.-A-.ssociated Companies; Waygood-Otis Ltd., of Engian'd; Otis Aufguzwerke G. m. b. H. of Germany; Atelier Otis-Pifre of France; Otis Ascensori & Montacarichi of Italy; Otis-Fenson Elevator Co., Ltd., of Canada-Telegntph Address; Lyndentree--Bank Refel"ences: National City Bank of New York; Hongkong & Shanghai Banking Corporation.
)69
PABLO SISON & COMPANY INC. Head Office: Room 407 Fernandez Bldg., Manila-Registej'ed; November G, 1936-Term: 60 years- Business: General Brokerage; Securities either for cash or on margin; to engage in and calTy out mining promotions; accept consignments, etc.-Nationality; Filipino-Capital Stock: Pesos 160,000.00 divided into Pesos 50,000 shares of the par value of Pesos 1.00-Subscribed Capital: Pesos 40,000.00- Capital Paid: Pesos 24,000.00- lncorpOf'ators and DirectOI":I.路 Pablo S. Sison, Antonio P. Fabian, J ose Palarca, Macario V. Linsao and Petronilo C. Constantino-Treasurer: Pablo S. Sison, Manila. PACIFIC AUTO SUPPLY & HARDWARE CO., INC. Head Office: Manila-Nationality; ChineseB1lsin68s: Automoitve and Auto SUpply and Hardware- B stablished: December, 1936-Authorized Capital: Pesos 21,500.00-Par Value of Shares: Pesos 100.00-Telegraph "Pashcoi"-Bj路al1ch. Office; Bacolod, Occ. Negros-PYincipals: Uy Vat. President, C. C. Eng, :r.Tanager-Ba1Ik Reference: The Philippine National Bank
OVEJERO & HALL STOCK BROKERS
OVEJERO & HALL Head Office: Wilson Building, Juan Luna Street, Manila, P. I. Correspondents: New York, London, Hongkong, Shanghai-Nationality: Spanish-British-BlIsincss: Stock Brokel"s- Etablished: March 1935-Princi1)als: J. Ovejet1o and A. C. Ha~I-A~tt1L01'ized and Paid-in Ca1Jital: Pesos 150,ODO.OO-Telegraph: "Overall"-Codes: Benti "Ys; Second Phrase; Stock & Bond Trading Code-Bank Reference: Chartered Bank of India, Australia and China. OVERBECK INCORPORATED Head Office; S. J. Wilson Bldg., Mnnila- Reyistel'ed: January 25, 1937-Term.; 50 years-Business; Management-Nationality: American-Capital Stock: Pesos 300,000.00 divided into 60,000 shares of the par value of Pesos 5.00 each-Subscribed Cap1'tal; Pesos GO,OOO.OO-Capital Paid: Pesos 15,000.00 - incorporators: A. U. Fox, R. P. Aikin, W. B. Harrington, R. E. Ewing and Ann Samuels.
Principals:
J.
OVEJERO
A. C.
HALL
Wilson Building, Juan Luna Streec, ManilaJ.. P. I.
Telegraph Address: "OVERALL". Manija
Codes: Ben d ey's, Second Phrase Code, Srock & Bond Trading Code
THE COMMERCIAL
370
&
PACIFIC COMMERCIAL COMPANY Head Office: National City Bank Building, Maniia-Natiol芦l.tity: American-Business: General Importers and Exporters-Telegra.1>/t: "Pncomeco" - H. B. Pond, President and General Manager; Elmer Madsen, Treasurer-Bank Refertmce.- National City Bank of N. Y. PACIFIC SAN MAURICIO MINES, INC. '1'0 all our Stock-holders as of Octabel' 28, 1937: After a thorough inspection by Mr. Fred. MacCoy and mys<!lf of our property. known as the Capsap No. I, 1 am very much pleased to report to you that the work so far has been progressing as fast as possible, except due to frequent rains and floods which lasted so long, and our men were a little bit hindered and a few of our tunnels caved in as you will notice in a complete report of Mr. Frederick MaeCoy, our supervising engineer for the exploration and development of our property. The Repol路t foJlow s .-DR. JOSE A. ENRIQUEZ, President and General Mam,a,ger. We beg to submit the following report as of October 5th, 1937 upon the work that has been done on the group up to Oct. 1st, and to give our plans for the work to be carried o~ for the immediate future. The Central Camp which is in the Josue Clam may be reached by either of the three trails:One directly from Aroroy, taking three hours of a hike; one by auto to the Camp of Masbo.te Consolidated and thence by hiking two hours; and onc by anto to the Eastern Syndicate Camp and thence by hiking 4 kilometers. Could arrangements be made with the Eastern Syndicate for the usc of their road from the Provincial Highway, an easy grade road aboue 4 kilometers could be built to the Central Camp. Most of t he mine workings lie along the second mentioned trail, but a s all trails concentrate at Central Camp, they ,\I'e accessible from thence.
INDUSTRIAL MANUAL At the Central Camp a fair nipa nouse has been built for temporary headquarters. A shed ere<:ted to shelter a blacksmith shop. A concrete dynamite magazine has just been finished, and is awaiting approval by Constabular!y before receiving the first shipment. A request for a gratuitous timber concession has been made to the Bureau of Forestry. EzploJ'ation:-The work to date, baving been carried on without explosives, has necessarily been slow. No rock formations that could not be excavated by hand tools, could be tested. As the prospectors have not yet identified the exposures with claim lines, all names used refer to some natural object, such as mountains and creeks. Lahong Mountain:- Tunnel No.6-which had been started to cut the vein showing a trench above, had caved due to recent rains, but as it had not yet reached the vein, t here was nothing to be seen. At the trench on the hillside above, the vein was exposed hnving a width of 21h feet, striking South East and dipping North East. Sample No. 32 was taken here. A previous sample went $1.76 per fun. Tunnel No.5-is now in 58 feet and expected to cut the vein at about 30 feet . more. In T1'ellch No.2-the vein is 2lh feet wide where sample No. 33 was taken. The previous s2.mple of this place gave $3.00. In T"eJlc!t No. "-the exposure shows 4 feet of very hnrd quartz, possibly more vein unexpected. The quartz is too hard to break without dynamite. Sample No. 34 was taken here. This trench is approximately 50 feet higher elevation than Trench No.2. Trench No. I-is alongside of and does not crosscut the vein. The outcrop at this place is 3 feet wide of well mineralized quartz. Ncar where
PACIFIC AUTO SUPPLY & HARDWARE Co., Inc. PHONES : Cor. AU;lTra'l:.a &: D.agup.an 49801 &: 49802 MANILA, P. 1. DfRECf IMPORTERS OF SOLE AGENTS FOR RE PLt\CEMENT Pt\RTS-FOR WALTITE. PISTON RINGS CHEVROLET. FORD, G M C. INTERNATIONAL, WILLYS n DURom, BRAKE LINING
Cahle Address: "PASHCOr'
AGENTS FOR SOCONY GASOLINE, OlLS, GREASES
FIRESIONE TIRES AND TUBES
PHILIPPINES ;;ampie No. 35 was taken a previous sample repurted $206.00. Tunnet No.4-is now 80 feet and has about 30 more .feet to go befol'c cutting the vein. These last five mentioned places arc all C!xploring the same vein, which is strongly marked in the section alI,t!ady explored, and will probably be found to extend 50m2 distance beyond these exposures. From the size and appearance of this vein it should warn.nt an extensive development campaign. TTtJnch No. 4-On the South side of the hill exposes a considerable quantity of crushed quartz, possibly D. local conc.:;ntration of float. Ther e are no define wells. Sample No. 36 was taken here. A trench 100 feet East, fa iled to find anything of interest. Guinfosofto.m MOl{,7ItaiJl :-Tl"enclt No. 5---exposes a vein 2 feet Wide of poor looking material from which a pr evious \ ample returned an assay of $1.75. Sample No. 37 was taken here. Moreno Mounta in:-Tunnel No. 9-A-is now ,18 feet, having cut 6 fe-~t of vein matter with more vein not yet cxposed. Sample No. 39 represents 42 to 45 feet of the tunnel and sample 39 repres.:nts 45 to 48 feet. The vein is principally of quartz, hcavily iron stained. The wall rcck near the vein is also deeply colored by'! th is stain. Penal Moutain:-Trench No.9-At the bottom of the hill has exposed a wide zone of quartz inter-mixed with a h ighly silicified rock with which nothing can be done until dynamite is available. The fracture zone is apparently 12 feet wide, although badly defined. No samples was taken . Trench No . l--on the hillside above has passed across the vein diagonally, exposing the true width of the vein of 10 feet. Old Tunnel No.3-wh ich has been stopped some t ime, had caved in; he nce, was inaccessi ble. The prospectors reported, having found three uni mpOI'tant stringers. Josue Claim :- Tltllnel No.2-is on the hill~ide below t he Central Camp. There is nothing of Importan cc showing in the tunnel aside from several small stringers, but on the hill side above, there is an exposure of quartz that should be investi_ gated to ascertain if it is a true outcrop or just ~ c(ln('entral:ion fkat. Penal Cn~ek:-This is the creek on which the ('entral CAmns is located. Tunnlll N(). 1--i,. on th e opposite side of the creek imm Tunnel No.2 and ? ~hort rlisb.n('e UD the ('reek. T his work has not advanced since last
371
Maj, and has sil'!ce caved in. Practically no quartz could bl' f.mnd in the dump of waste rock from this tunnel. Sample No. A.sSa1l8 Gold fJ.t $95 .00 Trace 3. 33 .01 $0.35 :34 .01 $0.:":5 .02 $0.70 3' .vl $0.25 3' 37 .01 $0 .35 .02 38 $0 .70 39 .03 $1.05
Recomlll(mdutiolts : - Luhong M()!mta i1ts : _ At tunnel No.6 uncover the outcrop so ns to dctermine true st rike, so that tunnel can cut the vein in shortest di stance. Continue Tunnel s Nos. 4 nnd 5 to intersect the vein. Then drift right and left on the vein, in Tunnel No.5. Open up Trench No.3 by blasting, and examine the fresh surface of the cut. Try by other trenches to west of Trench No. 3 and East of Trench No.1 to locate extensions of vein. Opet;'l up vein at Trench No.1 by blasting and repeat sampling. Check up comparative elevations of Tunnels No.4 and 5 before drifting from Tunnel No.4, so that the two drifts will connect. Penal Momlta i1~:-At Trenc1~ No. a-s hoot off the face of the outcrop to allow examination and !"ampling. M()reno MOlmtain:- Twn nel No. a-Co ntinue thru the vein and then drift on wh ichever wall shows t he best values. By trenching, try to locate the extensions of the vein. Genc)'ul Recommendati()J{s :- The vein exposed by trenches 1, 2, and 3 on Lahong Mountain is such a strong, well marked vein that it is worthy of cxtensive exploration. While the assays reported are not of high grade, they indicate a mineralization over the entire exposed length of vein; and as they are merely superficial, they should not be taken as representilig the unaltered vein. This also applies to Tunncl 3-A on Mor eno Mountain. Hcre the vein has becn found wide and strong. Latel'3l deve!opnlent should be carried out.
372
THE COMMERCIAL & INDUSTRIAL MANUA L
PALAWAN MANGANESE MINES, I NC. Head OffIce: 109 Juan Luna, Manila-Authorized Capital: l'lOO,OOO,OO-Par Value; PO.IO-SuoseMbed Capital: 1'20,OOO.OO-Paid.in Capital: P20,OOO.aO-Permit to sell 800,000 shares granted September 18th, 1937-Directo)'s and Incorporators : Jose P. Fernandez, President; Pedro Siochi, Treasurer; Esperanza V. de Siochi, Director; Luis A. Fernandez, DiI'cctol'; Crispuio J. Onrubio, Secretary. COMMENTS OF THE BUIIBAU OF MINES:
"From the report of A. A. Friedman on the properties of the Palawan Manganese Mines, Inc., conSistIng of 68 lode and placer claims located in the northern and eastern parts of the island of Busuangan, pl'ovincc of Pa!nwan, it appears that vein outcrops and floats of manganese ore occur in Cuay, Carmel ita and Lucy Groups of claims. However, no workings have been done in order to determine the extent of th(! ol'e, nor were analyses made of the ore to determine its quality. In view thereof, this Office can not recommend any value to S:lid properties, a lthougb it will bave no objection to further prospecting. Attention is invited to tbe fact that the certificate of Director of Forestry mention only eleven claims comprised in Cuay Placer, and eleven, comprised in the San Nicolas G~'oups to be outside forest reserves. No certificate of the Director of Forestry has been submitted for the rest of the claims appearing in the list submitted by the Company. Before accepting the above claims as assets of the Palawan Manganese Mines, Inc., and as basis of any promotion, it is recommended that the owners of the claims be required to present documents on whieh their titles on the claim:. are based, the survey plan of the claims, and affidavits to the effect that the same arc free from conflicts and are not within any government resern, and that the herein corporation shall not hold more than 450 hectares (50 full lode claims) in any onc province, nor mOl'e than 250 claims in a ll the provinces in the Philippines, nor more than 3,200 hectares of lands containing placer deposits in anyone province, and that at least 600/'" of the capital of the herein cornoration is owned and shall at all times be owned by citizens of the Philippines or of the U nited States. It should be understood that the herein cornoration shall not hold more th~n one claim on the same vein or lode as provided by Section 33 of the Act. of Congress of July 1. 1902, nor
more than three claims on the same lode or placer ground as provided by Section 87 of t he new Mining Act, and that in the case of claims located in accordance with the proviSions of the new Mining Act, the holder thcreof shall not be entitled to e:J:tract minerals from the claims for commercial purposes until leases shall have been granted. PALlDAN_SUYOC DEEP LF.VEL TUNNEL CO_ Head Offiae; Manila- Registered: July 17, 1936 Ter路m: 50 yeRrs-Busine88: To Open, Dig, Bore, Drill, Construct, Make and Maintain Tunnels, Holes, Dl'ains, Ditches, Dikes and Dams, a nd Car ry on a General Tunnelling and Draining Business in and Around tM Vicinity of Suyoc, Palidan and Ma nka~ nn, M,)I1lltain Province, etc.-Vatlolwllt/I. ATlIel'ican--Ca:d tal Stnd.. 路 Pesos 750,OO!l.(l0 Par \'alue of shures 1)!).lO-Di/路cctors,' J . H . Marsman, Amos G. Bellis, A. Beckerleg, M. H. O'Malley and' A. L. Velilla. P ALIHAN :f:IG BAYAN Head Offico: 650 Florentino Torres, ManilaRegistcred: November 14, 1935-Term: 50 y!!ars Nationalit1l: Filipino-incorpol ators o,nd Directors: . Eusebio Dionisio, Jacinto Molina, Vicente Tecson, Jose A. Villanueva, Pio R. Gaudier, Pio Sta. Ana a nd Pablo C. Ramos. (Jacinto Molina, Jose A. Villanueva, Pio R. Gaudi'''' a""l Pablo C. Ramos, arc incorporators only)-Tre/UU'/'8t",' J acinto Molinn, 622 Kansas, Manil a. M. S. PALAWAN, INC. Head Office: Msmila-NatioJlality: Filipino-Business: Shipping-Established: J une 1st., 1927Principals: J. J. Osorio, Alfred D. Cooper, T. M. Holmsen, Santiago Freixas, Carlos de OteyzaAuthorized ct11d Paid-in Cal1ital : Pesos 75.000.00Pa1' Value of Share8: Pesos 100000 each-Telegraph Add?'o88: Ossol'io-Bo,nk Re/erence: Bank of' the Philipp ine I slands. PALO ELECTRI C LIGHT PLANT COMPANY Head 01lic6: Palo Levte-Regi8tered: J uly 10. 1935-TeTtn: 35 years-BII.,sine88: To maintain an electric plant; supplying electric li~ht and POWCl' to the public and to sell electric supplies-Nationality: Filipino-Co,pital Stock: Pesos 18,000.00 divided into 1,000 shares of the par value of Pesos 10.00 each-Sub8cribed Capital: Pesos 12,74000-Ca.pitar Po,id: Pesos 12,240.00-I1!corporatore and Director8: Alejand"o Montejo, Alberto Perez, Juliana Fii\l拢!roa, Vicente Albarado and Genaro Palami-T'\"i!'IUurer: J uliana Figueroa, Palo, Leyte, P. J.
PHILIPPINES
373
PAMBUL DISTILLING CORP ORATION Head Office: San Fernando, Pampanga-Registered: September 14, 1937-Nationality: Filipino Busines8: Manufacture and Distilling Alcohol, etc.Capital Stock: P200,OOO.OO divided into 2,000 shares of the par value of 1'100.00 each-Subscribed Ca,pital: P200,OOO.OO-Capital Paid; PlS7,175.00-hlcorporatoTs: Jose L. de Leon, Felix Bautista Angelo, Jose M. Valero, Luis W. Dison, -lose M. Tapia, Augusto Gonzalez and Serafin Lazatin.
porators and Direcors: C. M. Dizon, Emilio Mantilla , Magdaleno Pena, Luis Regalado, Eduardo Esteban, Placido Esteban, Enrique J. C. Montilla, Enrique Esteban, Timotco Consing, Paciano Dizon, Gil Mantilla , Jr. , Jose Soriano, Aurora Mantilla, LeonaI' Montilla and Rosario Santaromana. (Luis Regalado, Enrique J. C. Mantilla, Enrique Esteban, Aur or a Mantilla, LeonaI' Mantilla and Rosario Santal'omana, al'e incorporators only) T7'caBUrer: Magdaleno Pefia, Isabela, Neg. Oee.
PAMBUL MIN ING CORPORATIO N H ead Office: San Fernando, Pampanga-- Regfstel'ed .' September 14th, 1937- A1dhorized and To'II11y Subscribed Capital: Pesos 200,OOO.OO-Paid-in Capital: Pesos 157,175.00.
PAMP.A_NGA SL'GAR MJLLS H ead Officn; Del Carmen, Pampanga , P. 1.Hranch: Manila - Nationality: American- -Business: Sugar Mnlll.;fncturel路s; Industrial Alcohol Distillers- Es/ablish6d: t920路-Av,thnrized and Paid-in Capital: Pesos 6,OOO,000.OO-PlW Value of Slwns: Pesos lOO.OO- General Manager : L. WeinzheimerTelegraph Address: PasumiJ-Ba..nk Reference: P hil ippine National Bank.
PAMP AN GA GOLD lMNES INC. Head Office: 55\ Iznart, Iloilo-Registered: April 4, 1936-Tel-m: 50 years-Business: To Locate, Purchase, Lease, and Otherwise acquire mineral claims anywhere in the Philippine Islands, etc. -Nationality: Filipino-Capital Stock; Pesos 500,000.00 divided into 5,000,000 shares of the par value of Pesos 0.10 each-SubscNbed and Paid Capital: Pesos 75,000.00; Cash: Pesos 25,000.00-lncor-
TH E PAN-ASIATIC BROADCASTI NG SYSTEM, INC. Head Office: Room 202 Perez Samnnillo Bldg., Manila- Registered: August 14, 1937-Nationality : Filipino---Busi1!es8: To make, produce, manufacture,.
PAMPANGA SUGAR MILLS DEL CARMEN, PAMPANGA PHILIPPINES
SUGAR MANUFACTURERS INDUSTRIAL ALCOHOL DISTILLERS ---0--Bank R ef erence PHILIPPINE N ATION AL BANK
374
THE COMMERCI AL & INDUSTRIAL MANUAL
or aid in operation of radio transmitting, radio reo ceivers, etc.-Cal)ilal Stock: 100 shares without pal' value-Sllbsc)·ibed and Paid-in Capital: Pl,OOO.OO[ n eol'porators: Jacob Rosenthal, Arsenio N. Luz, Ro berto Pardo de Tavera, Ramon Zaragoza :lnd Alejandro T. R2yes.
PAN PACIFIC OIL COMPANY (PHILIPPINE ISLANDS), INC. Head Office: Hagar Filipino Bldg., ManilaR egistered: November 26, 1935- Term: 50 yearsBus'ineS8: To Produce, Refine, Sell, and otherwise deal in and with petroleum, its products, compounds a nd derivatives, and Other minerals and mineral and Chemical substances, ctc.- Natio)lality: AmericanCwpital Stock: Pesos 200,000.00 divided into 2,000 s; hal'CS of the IlUl' value of Pesos 100.00 each-Su.bscribed Ca1)ila!: Peso,- 40,OOO.00-Capital Paid: Pesos 10,OOO.00- ItICO)·po)·af'ors and Directo1·s: Frederick ·Waller, Henry I. Dockwciler, Albert Radzat, George R. Harvey and Eugenio ngeles, (Henry J. DockweileI", is a director only, and Arnaldo J. Guzman, is an incor porator only)-T1"eawt"61' : Albert Radzat, Manila . P. I. P AN-PHILlPPl r-,· E CORPORATION H ead Off ice ' Pilar Bldg., Plaza Stu. Cruz, Mani la~-A lt alO7"ized Ca pital: 10,OqO shares of no par value-Sllb;w-ibetl Cap ital: 2,000 shares of no oar val u~Paid-in Capital: P50,OOO.0().-Par V~lue 1}25_00- Co7nlldssion and Promotion Fees: 10 % of t he value of the securities hereafter sold-Permit to sell 2,000 shares granted; May 26, 193'1 by Securities Commission- DiJ"ectol"s and It/corporators: 'romas Confesor, President and D irector; J. E. H . S tevcnot, Director; 'romas Coniesor, Director ; Theo. L. Hall, Dit·ector; Teopisto Guingona, D irector. PURPOSE: The pa st few years have seen extraordinary :"Ictivity in the Philippines because of discoveries of extensive mineral resources; gold, chromite, ir on, manganese, etc. As is usually the case in all count ries making such discoveries , many individualS, g r oups and corporations have been formed to exploit these findings. It goes without saying that many of these finds have shown excellent promise of profitable operation under proper and skilled management and others have materialized into profitable producing mines. Many of these individuals or groups have been handicapped in their development because of
lack of funds or qualified technical personnel. or both. During the pnst few months there has ljC(!n a well-marked trend on the part of these individuals and groups to enter into operating an-d management. contracts with larger companies having adequate capital and technical to carryon the work of bringing these properties into active production. This is the purpose of Pan Philippines Corporation, that, of developing, opemting, managing and financing such properties which have shown conelusively that they are worthy of working. MANAGEMENT:
In addi tion to the f inuncing and technical skill which Pan Philippines Corporation has available is the added guarantee of a management which is composed of outstanding business ability and foresight in their own line of endeavor, and will serve as office r s and directors, without any remuneration, until the time when the business affairs of the Corporation wal'l"ant such remuneration. 'Phe Pan Philippines Corporation has been recentl~' organized by the following prominent Filipino and American businessmen. Tomas Confesor-Assemblyman for Iloilo and Vice-President of the Philippine Riee Association; Ramon J. Fernandez-Partner, Fernandez Hermanos; Managing Director of Compaiiia Maritima, largest shipping Company in the Philippines; E. B. Ford-President, Philippine Trust Company; Teopisto Guingona-For many yeOl'S Direetor of the Bureau of Non-Christian Tribes, now capitalist engaged in mining and other activities; Thea. L. Hall -Vice-President and Assistant General Manager; Philippine Long Distance Telephone Company; T heodore V. Halsey-Capitalist, U, S. A.; Leopoldo Kahn-Of the E s trella del Norte, Manila's oldest jewelry store, and of the Estrella Auto Palace; E. B. Ledesma-General Commercial Manager, Philippine Long Di stance Telephone Co.; Eugenio Padua-Secretary, Philippine Engineering Corporation; Celestino Rodriguez-Lawyer and Assemblyman for Cebu; J. S. Sampson-Vice-Prl!Sident and General Manager, Philippine EnginC(!ring Corporation, Vice-President :md Treasurer of the Quartz Hill Mining Company; Francisco Soriano-Capitalist, Ex-Senator, Ex-Governor of Surigao. Now engaged in mining and other activities ; J. E. H. Stevenot-Vice-President and Generol Manager. Philippine Long Distance Telephone Company. and director of various other business entities ; Luis R.
PHILIPPINES Yangc:o-Vice-President and General Manager, Philippine Milling Company; President, Yangco & Company, Inc. TECHNICAL
STAFf'
As Chief Engineer of the Technical Staff we have the services of Mr. Orlando McCraney, one of the outstanding engineel's and geologist of the United States. He is a graduate of the University of California, where he received the degree of Mining Engineer. Mr. Gordon M. Bettles, graduate mining engineer of the University of Utah, with extended experience as a mine operator and metallurgist in Alaska, Nevada and Galuornia. He has left his connection with the Newmont Mining Company, where he was directing a program of diamond drill exploration, to join the Pan Philippine Corporation. QthH engineers, geologists and technical members of the Staff, who were selected prior to Mr. McCraney and Mr. Bettles' departure from the United States, are now either here, or en route, for the Philippines. One of the important departments is that of an exploration services whose duties are those of investigating new undeveloped claims which look promising. A sufficient ·appropll,iation for this development makes possible careful exploration and development of not only properties already secured but those of merit which our technical staff may select in the future. PROPERTIES: The Pan Philippine Corporation has option agreements covering the management operation of various placer and lode mining properties which competent engineers have highly recommended for development work is now being done in some of these properties, among which we will only mention the following: 1.
Thirty-three (33) Mineral Lode claims situated in the Municipality of Capalanga, Labo and Mambulao, Province of Camarines Norte. Exploration and development was recommended on this property on May 1, 1937, after having been recommended by two outstanding Mining Engineers. An extract from the report made by Mr. McCraney, as a result of his inspection during the past week, is as follows: "While the results to date cannot be looked upon as an assurance of the development of a profitable mining business, yet it is considered quite encouraging that so favorable a develop-
37)
ment should have resulted in the brief time the program urged that this work be continued until it has been extended to the entire area under consideration." PANAY OIL CO., I NC. Head Office: 114 Crystal AI·cade, ManilaRegis tel·ed: November 1, 1935- Te) ·m: 50 yearsBusineS8: To drill and operate for petroleum, Oil and gas; to produce petroleum, oil and gas and other mineral, etc.-Nationality: Filipino--Capital Stock: 2,000 shares, all of which are without nominal or par value-S1tb8cribed Capital: Pesos 5,000.OO- Capital Paid: Pesos 2,500.00-l ncorporators and Di,·ectO)·8: F lorencio Garriz, R. J. Campos, Jose C. Zulueta, R. V. de Mendoza, Mal·ino Olonddz, Laurentino Ganiz, Juan Mathewdakis and Hel·menegildo L. Pascual. (Flol encio Garl"iz, Juan Mathewdakis and Hermenegildo L. Pascual, are incorporators only) - Treasurer: Laurentino Ganiz, Manila, P. I. PANGASINAN CENTRAL INSTITUTE Head Office: Villasis, Pangasinall- Registered : March 6, 1935- Tet'1n: 50 years-Bltsincss: School General Course of In struction- Nationality: Filipino-So,u,·ces 0/ Revenues: Tuition and entrance fees, Matriculations, Donations and Charitable contributions- Incot·porators and Tru stees : P a ulo R. Rabe, Aurelio Bascos, JI,'Iiguel Ramat, Pedro B. Abrenica, Modesto R. Ramolete, David E . Ordonez, Qui rino LopeZ, Victoriano Rapanan, Marcelino Marcelo and Januario Dirilo. PANGASINAN COPPER MINES. INC. Head Office: 304 Cu Unjieng Building, Manila -Nationality: Filipino--Business: Copper Mining -Authorized Cal)ital: Pesos 250,OOO.00-TclegralJh: "Pacop"-BTanch Offices: Mangatarem . Pangasinan; Dagupan, Pangasinan- Bank Re/erence: Philippine National Bank, Manila. PANTABAfi)'GAN GOLD MINING CORP. Head aI/ice: Cabanatuan, Nueva Ecija-Registered: March 2, 1935-Term: 50 years-Busi.ness: General Mining Business and to Purchase. Erect, Lease and Operate Mines and Mining Claims and to Operate Milling, Concentrating, Reducing, Smelting and Refining Plants or Works of Any and Every Kind for Mining, Milling, Reducing, Smelti ng and Refining Ores or Bullion-Nationality: Filipino -Capital Stock: Pesos 200,000.00 divided into 2,000000 shares of the par value of Pesos 0.10 each-
THE COMMERCIAL & INDUSTRIAL MANUAL Sltbscribed Capital: Pesos 61,500.00-Capitat Paid: Pesos 49,200.00; the estimated value of 246 mining cla ims_Incorporators and Di"ectors: F elipe Eugenio, Romualdo F. Vijandre, Emilio Habacon, I smael P. Linsangan, Adriano Villacorta, Florentino Garcia, Tranqui lino Santiago, Diego Francisco, Emilio Verde and Simeon V. Cruz. (Romualdo F . Vijandre is an incorporators only)-TreaSltrer: Romualdo F. Vijandre, Cabanatuan, Nueva Ecija. Report as of September 16, 1937: An eightfoot vein was cut in t he 596 crosscut of the 180 level, Fortuna area of the P aracnle Gold Mining Company, directors of the company stated yesterda,y (Wednesday). Values run from PI0.50 per ton on the footwall to P25.20 on the hangingwall, assays showed. The vein was cut 39 ft. in a southernly direction form thE\ shaft . N ielson and Company, Inc. are managers o"f Paracale Gold. Mr. K. M. Stewar,.t, general superintendent of the property, stated in his r eport t hat he had de路 finite1y cut the south structure at F ortuna in the 596 crosscut and the size and strength of the vein and the grade of the r ock 'are all ns good as was determined from previous tests. The character of the rock is reported to be t he same as that found on t he surface and shows the same lead mineralization. The report further stated that the vein was about eight feet wide where it was cut, which is about twice as wide as it is on the surface. Assays made up to the time of the r eport show the values run from .15 ounces on the footwall to .36 ounces on the hangingwall. The stl'Ucture is very definite, the footwall bei ng the same narrow dike which shows on the worh:ings ahove and the hanging wall blue gouge. The strength of the pI'esent horizon show good possi bilities n.t gr eater depth. Mr. Stewart stated that he now plans to drift on t his at once and by t he end of t he month have a good sized body of ore blocked out on two sides. Some preliminary tests have been made on t he t r eatment of this ore as exposed in the shallow workings of the property and it has b<!en found to be amendable to the flotation process. Further tests will be made by Nielson and Company engin<!ers in order to confirm the previous conclusions. The cutting of the vein on the 180 ft. level is a d~rect Tesult of the aggressive deve10pment plan which was outlined for this property by Nielson
and Company, Inc., when they took over the management of the property, PARACALE AMALGAMATED MINES, IN C. H ead Office: 313 Crystal Arcade, Escolta, Manila- ReUiBtfwed: August 12, 1935-Ttlrm: 50 years BU8'iness: Mining, Milling, Concentrating, Converting, Smelting, Treating, Prepari ng for market, Manufacturing, Buying, Selling, Exchanging and otherwise producing and dealing in Gold, Silver, Copper, Lead and all kinds of ores, metals and minera ls, etc.-Natio1i4lity: FilipinO-Capital Stock: Pesos 1,000.00 divided into 10,000 shares of the par value of Pesos 0.10 each-SubscI'jbed and Paid Capital: Pesos 1,000,OO-lncorpol'atol's and Directol's: Ramon J. Ongsiako, Ian D. Lenox, Edual'do F. Guevara, V. Aldanese, Harl'y A. Wendt , L. P. Mit.chell and Florencio Gonzalez Diez. (lan D. Lenox and Eduardo F. Guevara, are incorporators only)Tt'easlU'el': Ian D. Lenox, Manila, P . 1. PARACALE BIG WEDGE MINING CORPORATION Head Office: Ambrosio Building, 401-405 San Vicente, l\1anila-B1'anclt Office: Paracale, P. 1.B usiness: Mining-Established: 1937-All lhorized Capital: P esos 500,OOO.OO- Pa1路 Vallte of Shares: Pesos 0.01 per Share. PARACALE COU NTRY CLUB H ead Office: Paracale, Camarines Norte-Registered: December 9, 19 36-T~l"II~: 50 ~'<!arf'-Na颅 t'iO)lafity: American-IncorporatoTs: J. B. Stapler, J. O. Greenan, Geo. C. Dankwerth, AIr Welhaven and C. C. Malstrom. PARACALE-DAGUIT GOLD MI NES, INC. Head Office: 433 San Vi cente, l\fanila-Nation-alitll: Filipino-Busi?le8s: Gold M iniTH~-A tlthorized Capital: Pesos 1,000,00000-Subscribed Capital: Pesos 580,100.00-Par Value 0/ Shares : Pesos 0.01 - Teiegl"aph: " Para-Dag"-Codes Used : All Standard Codes-Brauch Office: Paracalc, Camarines Norte-Di)'ectors: Wenccslao Q Vinzons . P esident, Maximo M. Kalaw, Vice-President, Manuel Lim, Director, Lconcio Santiago, Director, Dy Buan Chay, Director, Teodoro Kalaw, Secretary-T casureTBank Reference: Philippine National Bank. The Paracale-Daguit Gold Mines, Inc. , was organized at the height of the 193G gold boom. Subscriptions for its shares was opened on September 1, 1936, a nd on the afternoon of the same day the sum of Pesos 225,000.00 was fully subscribed a nd P esos 83,490.00 paid up.
PHILIPPINES The Articles of Incorporation were filed with the Bureau of Commerce on September 18, and reo gistered on September 21, 1936. The Insular Treasurer granted a permit to the Corporation on October 9, 1936 to sell 53,290,000 shares at the par value of Pesos 0.01 each. The rest of the 53,290,000 shares was subscribed on June 31, 1937. There are three groups of claims, located in the three municipalities of Camarines Norte in which gold has been mined since time immemorial. The property of the Corporation consists of 123 lode mineral claims situated in the mining region of Camarines Norte. (1) Tawig:-The f irst group consists of 18 claims already purchased, besides 38 claims under option by the Corporation. These claims arc situated in the barrio of Tawig, Municipaiitv of Pa~ racale. These proper~es are located on the main Batobalani-Paracale Highway and are about 2 kilometres from Batobalani. The group adjoins the Paracale-Gold Mining Co., th~ Mambulao Gold Mining Company and the Northern }lining Company on the West the Coco Grove on the East, and the Malaguit River on the Southern Part. Transportation is sim-
)77
pIe for this property as the provincial road passes through the middle of the group. Water is available for all mining and milling purposes. Timber may be secured on the Northern part of the property and from some of the Commercial sawmills of the district. (2) Bulalacao:-These claims, 7 already purchased, and 25 under option, are located in the Bar· rio of Bulalacao, municipality of Jose Panganiban (Mambulao>. Camarines Norte. On the South, they are bounded by the property of the Santa Barbara Mining Venture, and claims of Mr. J. R. Reed, on the West by the property of the San Mauricio Mining Co., and on the East by the Pacific Ocean. A truck road can be easily constructed (rom the end of the present road of the Paracaie-Gumaus Mining Company. During the preliminary work, tramportation will be by way of the present good trail or by boat from Mambulao or Paracale. Timber 2mpie for all development w ork is to be found on the claims. A Miner's Gratituous license to cut timber was already obtained by the Corporation. (3) Daguit: These claims, 22 already purchased and 18 under option, are located south of the junetion of the Busigon and the Daguit Rivers
I
PARACALE - DAGUIT GOLD MI N E S, I NC. 443 San Vicente, Manila S,• ." 0',,: P,,><->k. c • ....,i.a•• Not« GoII. ,jll.",.. PARA-DAG N.'i.... /i'F F;li~;..., ,jOlwif,,1 C.,;,.I S'Hl' 1'"l.IXI).IXI),(IO t.imil.1 C.,;,.I s,.. t.. 1'"S60. IOO,(X) S..l t ./,._.: PhiliPl'in. N..io • • 1 B.Qk. Mu.L!. Col.". AU SW>iUrd Cod..
Oir«"'"
P",i"", Vit,.P,,,i"", Oi,,,,,,
W<r>C<.bo Q. Vin«"". I-I .. i _ M. ~'!."" 1-1."",1 Lim . Oi...., .. L:oneio S'~';.,o. 0. Hu.n Cboy. T.odoto K.b ... Jr.. Sm"":rT.."" ..
Di,,,,,,
PANGASINAN COPPER MINES, Inc.
0,.. .
H,IIO,. .... )1)4 Cu U.j1•• , Buildi",. ~b.il. S...,i ~h"'.urcm. "'n'''io,", 0 ....1'••• Poo, .. i••• NOli... /;,)." Filipioo
0,. .
H.. IO,..... " •• ,i
,j.,wft.,; eo,i,.1 S'HL' 1'"UO.IXI).OO B•• I R.j",.,,: Philirpi., Nolio"J B.ok. M•• il, C.J I. ,jU.",: P,\co"
ORIENTAL MANGANESE MINES, Inc
c. Unlie", BQildJR,. Muil. M..on ..... T>lbc. D.,up ••• P.o,..i ....... N. ,i...I"J: Filipi .... )04
,j.,..... ,.; C.,i,./ t'HI: PHO.OCiO.OO b~1 R<I"""': Pbilirpinc H"ion.l B.n~. Moot!. c,.H. ,jU,,,,: ORMAN
CAMARINES IRON MINES, Inc. H..I 0#,,: )04 C. Uoji<~, Boildin,. M•• ih a.."" 01'" ~" Como" ... NOf ... Cop.lo •••• c.",,,, ... Nom HII;... /i,}: Filipino
ZAMBALES ASBESTOS MINES, Inc. H..l Oli<..- )04 Co Uo)i,08 Buildi.,. M•• i!. B....i 01.... Botolu. Zamb.I< •• lb •• Z.",b.i., NOl;'uli,J." PilipiQo
HASIllM HuIO,..... +11 So. V... nt<. ~b.;b ,j.,"',i..1 eo,;,,/ S""l' 1'"'SO.IXI).OO
~t.'.-"·~(.:s~r.::tCod«
&
VINZONS INVESTMENTS, Inc. B••• /(./" .... : Pbllippi.c Nui •• " B.o~. M•• il.
Go'l. ,jll",... VINH,\S f • • ",II.l eo,I.. / S,,,.... 1'"lO.IXI).OO
1
378_______________~T~H~E~C~O~~~~ER~C~IA~L~&~路~ll{D~U~S~TR~I~AL~M~A~NU~AL~__________ and adjacent to the Tnyabas-Camarines Norte inter_ pl"o\'incial road. Transportation is therefore easy. Timber is to be found on the claims and a Miner's Gratuitous License to cut timber has already been obtained. Water is also available. Surface Rights : -In the course of the survey, difficulty was observed because of the opposition by the owners of private lands included within the claims. In order to continue the survey and development work, the Surface Rights were immediately arranged and purchased from the landowners. Mr. Manuel R. Lopez acted as Special Agent for the Company and obtained the surface rights from the landowners. Survey of the Properties:-The claims origin~llly acquired were registered under the laws in force before t he passage of Act 137. They have been already surveyed and pl ans filed with the Bureau of Mines. Because of the frequent overlapping of claims in the Pal'acale Mineral District, the first activity .of the .Col'porati{>n was the delimination of boundarIes. Mmeral lanc\ Surveyors Demebrio Resurrection and Daniel Arenas made a survey of the properties. The Company has also under contract Antonio Taiiedo, a private la,\d surveyor. Geology-(1) Tawig: These claims are in an area of old andesite which has been introduced by later andesite and diorite. These later intrusions are responsible for the formation of veins which in places carry considerable gold. Heavy overburden makes prospecting s.low and expensive, but the large amount of placer gol d which is being taken from t he soil regions, indicates that it cannot have travelled any great distnnce. (Alvir-Charlton). The predominate rocks where exposed by digging are granite. However, most of the group is flat and rolling, covered with soil, nipa, etc., from 0-1.0 m. (or more), sand and gravel containing values. In the high regions to the North these quartz veins are found on the granite and appears to have extension. Rich placer ground nearby with its fresh srystnlline gold tends to show that these values have not been transported very far. (2) Bulalacao: The area covered by these claims is part of the Mambulao-Paracale granite district but at the point covered by these claims is cut by an exten!'-ive pcrirtititc which extends South some 2 Km. from the property and in places contains some chromite. At the contact oetween the peridot ite and the gra nite are found a number of quartz veins. (Alvil路-Chnrlton).
This area is composed mainly of granite and schist with quartz veins in the granite near the contact. The country is hilly and covered with dense vegetation and soi l to a depth of from 2 to 10 M. Most of the prospecting has been done on the claims and fraction near small streams where the overhurden is shallow. (McArthur). (3) D9guit: These claims are lOcated in a sedimentary area which has been introduced by a series of late andesite and diorites. The gold bearing vein found on the claims are due to these later intrusives, 'lnd in most cases, can be directly connected wi.h t he intrusive dikes. (Alvir-Charlton). Work was immediately started on the property l!llon corporation. Mr. Jose Venida was designated to superintend the :Jctivities in the mines and laborers were hired f'imultaneously working on the three groupe: beg inning September 23 1936. The secure technical t-dvh:e on the development program, the Company secN'ed the service of Dr. A. D. Alvir and K. S. Charlton, Mining Engineers and Geologists. Work hns be{'n mnde in the line with the suggestions made in th('il' repurts. P.resent concentration of work has been made on the Tawig group and all known veins and outcrops have been cross..cut and assays taken there from. In the Bulalacao Group work was concentrated on the Banahaw and Pepita Claims. In the Daguit Group a ll the work done was prospecting as the property is covered with heavy vegetation. Dynamite blasting was started after the permit was issued by the authorities. After the preliminary cJeve)opnlC::nt work was finished the company secured th(' services of A. S. MacArthur a nd John M. Carpenter, Mining Engineers of the Federated Management and Investment Syndicate. The corporation by resolution of the Board of Directors have adopted the minimum wage of Pesos 1.00 for all laborers and employees. It has been found to be more effective, as the laborers, being well paid, work better and more efficientl y. No more loyal group of men can be found working for a mining corporation. A complete record of each laborer is kept in the files for purposes of reference and promotion. Every employee and laborer wears a badge. Paracale Office is situated in the heart of the town just near the North-Camarines Bote1. Beginning February 15, 1937, the Manila Office of the Corporation will be at: 441 S. Vicente, Te1. 2路52-22.
PHILIPPINES PARACALE DE ORO MINING SYNDICATE, INC. Head Oflice: 456 Dasmariilas, Manila-Registered: November 11, 1936-TcI')n: 50 years-Busi11/188,' Mining, Concentrating, Converting, Smelting, Treating, Pl'cpul'ing for Market, Manufacturing, Buying, Selling, Exchanging and otherwise producing and dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and all kinds of ores, metals and other minerals, etc.-Capital Stock: Pesos 10,000.00 divided into 1,000,000 shares of the par value of Pesos 0.01 each-Subsc)'ibed Capital: Pesos 2,000.00 -Capital Paid: Pesos 500.00-Incorporators and Directo1's: L. C. Moore, G. C. Hunter, L. P. Mitchell, N. Macleod, Cil'ito Lim, Mariano Caragay and Ricardo Rodriguez, (Mariano Caragay and Ricardo Rodriguez, are incorporators only)-Treasurer: L. P. Mitche)l, Manila. To the Shareholders as of September 21, 1937: Under date 13th inst. Mr. John F. Patton, our Superintendent at P3r.:l.ca1c, advises us:"We have cut thru a two foot vein of soft green and blue mud witli heavy pyrite in the cross cut from th~ bottom of No. 1 shaft. The assay 'is $8.80. There is a 2 inch stringer of clear, white; quartz on the foot wall side, which gave an assay of $9.00. The cross cut has been continued nnd on S2turday a hard, massive pyrite , vein was showing up in aile cornel' of the face. I took a sample from this but have not received the assay." You will be advised further in abovl! reference in our September report. It is indeed pleasing to n~ceive E!ood reports; the prospects look quiet promising. These assays are t.'lken nt old vs.lu'2s.By: G. C. HUNTER, T?·easu)'er. PARACALE GOLD MINING CO., INC. Head Office: 124 T. Pinpin, Manila, P. 1.Business.' Operating Mining Prope)·ty located at Paraenle, Camarines Norte-Board of Dil'ectol'S: Alfredo Chicote, President, Joseph R. Reed, VicePresident, Capt. Roscoe Bonham, Member, E. A. Navarro, Member, C. W. Rosenstock, Member, C. 'V. Rosenstock, SecretarY-Treasurer, Henry Hunter Bayne, & Co., Auditors.-Managers of Mining Activities: Nielson & Co., Inc.-Colls1dUng Mining Enginecr.' George Scholey, E. M.- Genc)·(tl Swperintcndellt: K. M. Stewart, E. E.-Bank Refel·encc.' Philippine Tl'ust Co.; Hongkong & Shanghai Banking Corporation. Annual Report of the Board of Directors; to
)79
the Stockholders: In submitting its Annual Report for the year ending December 31, 1936, your Board of Directors wishes to state that the affairs of the company are now very well organized and that the technical work is being canied on under the supervision of e)(perienced mining engineel's who have started a very aggl'essive program of development work which is producing the most encouraging results. Your Board has been informed by the engineers that the blocking out of ore bodies should be undertaken in the very neal' future. Samples of ore have been tested for milling purposes and plans will be submitted for the erection of a mill just as soon as sufficient commercial ore has been blocked out. The engineers have also reported to your Boani of Directors that new veins have been uncovered in the B ig Vein Area and that a more aggressive program of developing this area would be presented in the ver y near future. The camp site on the company's property has now been completed, and the road leading from the Pal'acale Provincial Road into the camp has been completely surfnced . Automobiles can now go all the way to the company's camp. The: l'esidence for the General Superintendent has been completed. An office building has been built as well as a hospital and a bodega. A complete· Iy equipped Assay Laboratory is in operation and an assayer is on duty every day. Some custom work is being done in this laboratory which will help defray the assaying expenses. By having this laboratory on the ground immediate results can be obtained on any material which is sent in for assay and a closer operati ng schedule kept on all operations. A concrete dynnmite magazine has been built for the storage of explosives. A water system is being installed to serve the camlJ. The camp is centrallr located on what is known as the "Big Vein Area" which is about one kilometer from the Pamcaie Pl'ovincial Road. All work on the camp has been done in the most economical manner IJroviding only what is absolutely necessary at this time and avoiding all unnecessary costs by constructing only ordinary buildings. The services of Mr. K. M. Stewal't, E.~1., have been obtained by the company as General Superintendent, who took aqtive charge of the field work on September 9, 1936, Mr. Stewart is one of the best known mining engineers in the Philippines. He has had severnl year s of practical local mining expe-
THE COMMERCIAL & INDUSTRI AL MANUAL
380
d cnee in Mashaw and Bag uio, a nd he has taken hold of the work at P Ul'acnie with en t husiusm and his usua l determination to a ccomplis h results. A t wo hundt'cd t hirty eubic foot Ga r dner-Denver compr essor h as been installed in t he Hotel Area, together with t he necessar y machinery a n d equipment to work the hard quartz t hat is f ound in t he
veins in that pa r t of our proper ty. Wor k has been pr og r essi ng ver y satisfa ctoril y in this area due to the f act t hat the topography of the countl'y makes it possible to do development work with tunnels. At the time Nielson & Co. took over the ma nagement of our properly. t his a r ea was partially developed by t wo tu nnels. The u pper t unnel ha d cu t
PARACALE GOLD MINING Co., INC Balance Sheet as at December 31, 1936 Nole:
The figu res co\'cr the per iod fr om Jul y 9, 1934, the date of Incorporation of the Company December 31, 1936. ASEETS
LI ABILITIES
M ines and Minins Propc:rty: oj .
Purchase of Clai ms ...... . F ixed Assets: ..\. Buildings.. Equipment. .. Furmture and Fittings ,.·· ' \
"
7,927.75 30,502.41 2.443.37
550,000.00
40,87 ) .59
Deferred Ch:trgcs: Cfi,ganisation Expenses . P 69,961.53 Mme Prospecting and Exploraradon... 5.50')·99 16,9)1.87 Mine Dc,·o:lopm.:n! .... Mine M:magcmclH Fees... 6,025.69 Gen. Expenses : Paracalc . .. . I' 2S,I~.58 49, 138.S6 M:loila 20,979.98 " 247,56).64
Less: Income : Intcrest.. ' ..... " 1,986.9) Miscellaneous income.. 1,84).58
3,830.51
----'-'-'--'-
243,73}.1]
Curren! Assets: Materials and SupplicsHmei Bodega .
. ...
M:Hcrials and Suppl icsDig Ve in Bodega , ~hterials and SuppliesDynamite, . Advances to Employees . Accounts Receivable . Cash on Hand and in B1nk :On H1nd , , '1~ 50.00 Hongkong 1nd Sh 1 ngha i Ban ki ng Cor317,750.24 poral ion. Ph ilippine Trust 25,903S4 Co. .... .
"
Capical: Autho ri sed: 12,000,000 shares of l Oco cach..
'~ 1 ,200,000.00
Issucd and Outstand in,l: . . . . P I ,097,5}I ,SO Subscribed.... 1))02,468.50 Less: Unpaid fu bscriptlons 45, 110.50 57,}58.00 Total Pa id in Cafilal ..................... . 1'1 , 154.889.50 Nerd 5,500,000 0 the above shares. issued in [he name of J. R. Reed in paymem of [he Mining Claims purc hased by [hc Complny. arc held in Escrow b)' thc Securities ComInissioner. 5,512.00 Reservc [or Deprcciation ... Current Liabilitics: J. R. Recd (Cash Advances Para I " 17.867,78 calc)., ............. . 3,9~2.12 Nidson &. Co .• Ine .. 48.26 Hess &. Zeitlin. Inc .. 245.29 Unclai mcd Wagcs .. 48,846. 14 26,182.69 Accounts Pap blc.. Nilr,: The t wO cases, wh ieh arc undcr appe11 in t he Courts. inyoh'ing scycral chums on thc propert), being dcyclopcd by th is Company and in wh ic h t hc Company is namcd as co·defcndants wLth Mr. J. R. Reed. uc still pend ing,
1,230.70 10,491.89 18,242.12
" 29,967.71 552.79
56·64
343,703.78
374 ,280.92 f'1 ,208.887.64
PHILIPPINES a vein on a peridotite granite contact which threw flashy values and was highly mineralized. Work is being pushed ahead on this tunnel and the vein continues strong but the values spotty. However, it is hoped that orc bodies of commercial value will be exposed. This vein is quite typical of othel'S in the Paracalc district and undoubtedly morc work will prove up sizeable orc bodies. Aside from this contact vein, several small veins have been found in the granite proper and show possibilities of making small orc bodies. The values in these small veins are generally higher and morc consistent than t hose in the contact type of vein. A number of high assays have been obtained from these small veins and development work is being pushed on t hem. Anothcr tunnel is being run apPl'oximately 80 feet lower than the above mentioned tunnel with t he intention of cutting the granite peridotite contact vein. The tunnel has not r eached ~ts objective to aate and due to the type of deposit it .fUay be necessary to run a raise to intercept the contact. As soon as this vein has been cut in this tunnel another crosscut will be started 100 feet lower for developing the ore body at depth. A duplicate installation of'machinery, including another Gal'dnel'-Denver compressor of the same s ize, has been installed in the ar~ around our Fortuna claim, and work is also being pushed in that part of our property. The r oad from the P rovincial Road to the shaf t is well under constl'uetlorlbeing gl'aded out and partly graveled. The head frame has been erected on the Fortuna shaft nad sinking is in progress. The Fortuna A r ea looks like it is going to be one of the best sections of the propcrty. At the time Nielson & Co. ass umed the management of our property the vein was exposed on the Fortuna Area over a distance of several hundred feet and threw consistent assays around $6.80 (old price) over an averagc width of 5 feet. Further prospecting has shown this vein to extend for over 900 feet with evidence of continuation on each end a nd good values throughout the exposed distance. Development work is being pushed in this area in order to prove up the possibility of the deposit a s soon as possible. The shaft will be sunk to a depth of 150 feet at which point crosscuts will be run to intercept the vein. If the values are still consistent at this depth the blocking out of ore will progress very rapidly. Some preliminary tests have been made on the treatment of this ore a s exposed in the shallow working
381
and shows it to be amendable to the floation p rocess. While this data cannot be considered as conclusive it is a good indicator that the treatment of the ore will be relatively simple. The Big Vein Area has been intensely mined in early times and the outcrops are pitted wi th old holes. Due to the topography of the country the only possible way of getting under these old workings is by a shaft or shafts. With this in mind, all of t he brush has been clear ed along the outcrop and line of old workings. A careful examination of the cleared area show some very interesting data; namely that t he type of mineralization is the same as that of the H otel Area with the possible exception that thet'e has been a later fissuring and vein filling the contact, thus g iving fissure vein and high temperature contact vein along the same zone. This particular contact or mineralized zone covers a considerable portion of the company's property, coming into the group somewhere on the L ucky Claim, and going out at the Clever claim j crossing Nonok No.4, Honey, Hiyaw, Katubu san, Love and Clever claims. Mr. Stewart has reported new discoveries ~n t he cleared area of the Big Vein Zone, and it is quite possible that recommendations will soon be made for the installation of a third compressor to be used in tho roughly exploring this a rea at g r eater depth. T he original contract entered into with Nielson & Co., Inc. to manage the mining work on our property was for only one year. As the preliminary work c:'me by that company has convinced its engineers that all indications are that commer cial ore wii! be obtained in quantities large enough to warrant the er ection of a mill within a I'casonable time, l'.,cielson & Co. , Inc. requested that a new contract be entered into for a longer period of time. After several weeks of careful deliberations on the part of your Board of Directors, a new contract has been made for a period of five years, which will be submitter! to the stockholders for I'atifi('ation at the next Annual Meeting. The most important conditions of this new contract are that ; in place of the Managcrs recciving a percentage of the monthly expenses as compensation, a flat monthly amount is now paid to the Managers, which includes the consulting services of the entire technical staff of Nielson & Co. , Inc. ; when it has been decided to erect a mill, t his monthly salary shall be increased during the period of erecting the mill ; after the mill is in three-fourths production, the monthly salary of th e
382
THE COMMERCIAL & INDUSTRIAL MANUAL
Managers shall again be increased, the Managers shall receive, in addition to its monthly remunera路 tion, a small percentage of the nct profits of the mine when it has been brought into production, this bonus to cease whenever the services of the Managers cease. PARACALE-GUMAUS CONSOLlDATED MINING CO. Head Office: 219. 13th Street Port Al'<!u, Manila, P. I.-National ity: Filipino--Bllsin88s: Gold Midng-Established: January 25, 1935-Authol'ized Capital: Pesos 500,OOO.OO-Puill Capital: Pesos 500,OOD.OO- Par Vet/lltl of Shares: Pesos D,10-PI'indpals: " ' , 'V. Harris, Pres., P. A. MCyt!I', Vice.Pres., H. A. Wend!., Tl'casurer, Directors: S. J. Wilson, M. H. Ruppel, Francis Lusk, L. J. Coote-Balik Reference: Hongkong & Shanghai Banking Corp" Mnnila - Histol'ical Notes" Developing Mining PI'operties jl: the Pnracnl(! Distri.,ct. PARACALE MALACBANG GOLD MINING CO. Hcad Office: Manila ... PhiJippines-Rcgiste-red: Dccember 28, 1936-TclW~: 50 years-Bltsi,les8: Mining-NaHonality: Filipin~-Cwpital Stock: Pesos 250,000,00 divided into 25,000\000 shares of the par value of Pesos 0.01 each-Su~scribcd CU1>ita.l: Pesos 50,000.00-Capital Paid: Pqsos 12,500.00-1ncorpOI'ato)'s : Valentin S, Afable, Ambrosio V, Umali, Julio T, Gonzales, Rufino Abriol, Teodoro Arvisu, Pedro Vera and George Litton, PARACJ)LE MAPALAD MINING CO., INC. R(q)ort fa)' the Month 0/ A tlYllst, }937 Pl'o])crties-The pl'operties of the Paracale Mapalad Mining Co., Inc. consist of three groups of claims:_ (a) 7 full and 2 fractional claillls lying about 1 kilomf:tel' southeast of B:ttobalani along the east side of the 1\'! alapanay RivcI'. These claims are c,'ossed by the Gold Rock rondo (b) 4 full and 2 fractional claims located 700 meters to the southeast of Group (A), northeast of the property of the Nieco Mining Company :::.nd south and east of the Mambulao claims 860 meters southeast of Group (B) and 1,010 mctel'S south of Group (A), Geology and Topogruph7/- The rocks ;n the area of the three gl'oups are genel'Dlly covered by a thick mantle of soil. 'Vhere they have been exposed, diorite is found, Between (A) and (B) groups are boulders of iron ore which are believed to 00 n
continuation of the iron ore b~ds found at Batobalani. Cutting the diorite and extending in several cases up into the earth mantle nearly to the surface are veins of quartz, manganese and iron which arc apparently in two genel'a! system, on running NWSE Ilnd the other NE-SW. Some of these veins have been proved to be of mineable width and are continuous over considerable distances, They all contain some gold and two have sufficiently high values on surface to encourage further prospecting. The topography is unfavorable for easy prospecting for the most part. Low hills covered by coconut and other tropical growth are surrounded by open swampy ground. Road construction is simple and the Malapanay River offers all the water necessary for mining or milling pUl'poses, Timber suitable for mining purposes is scnrce on the claims and will have to be purchased fOl' the most part. Develol)mellt:-The work since the time of my first inspection in June has been concentrated on determ ining the continuity and value of the \'eins a lread)" found rather than on attempting to find additional veins. T,hi s work and the recommended fu rther development is discussed under indh'idual claims. De8criptio/! 0/ Cla17n8-{A) Group-There is a NW-SE vein system in the west part of this g l'OUP which consists of at least two and possibly four distinct veins. The furthest west of these veins has been exposed in Ilossibly 3 trenches but the values near surface are low. About 100 ft. nOltheast of this vein is a sc<:cnd vein which is exposed in a trench near the south side of the San Jose claim. I sampled a portion of this vein which assayed is in a swamp and only a portion of the vein is above water, so that my sample (':01'I'oborates but does not check the I)revious samples of 16" of vein assaying $19,00 to $39.00 which htlve been reported. An attempt was m3de to trace this vein towc.rds the north-west by two trenches, a small Ulltimbered shaft and a short tunnel. The surfnce clay and soil was over twenty feet dee!' and the trenches could now be economically deepened sufficient to expose the vcin, The shaft wa~ only put down to a depth of 20 feet when it wa~ stopped, There is little 01' no wnter in the shaft. It is strongly recommended that this shalt be timbcI'ed and extended as deep as possible wit.h hand methods into bed rock and then a short cro);!' cut be driven northeast and southeast to find the
PHILIPPINES extension of the vein. If the vein, when found, in as good as the vein in the first trench, there will be an excellent chance of developing a mine and this development seem amply justified. At intervals of about 150 feet northeast of this vein there are apparently at least two more veins exposed by trenches in the Malapanay No. 1, Sto. Nino, Mar,y, and San Antonio Cla ims. Sufficient work has not been done on these veins to prove their relationships to the western veins already' described nor to prove their value and continuity. Assays of $0.20 to $1.20 over a width of 12" to 2' have been reported, but work on them has been postponed pending the development of the more interesting appearing western vein. (B) Group-Neal' the southeast corner of the Sto. Tomas Fraction is one of the strongest and best assaying veins on the properties. It was exposed in a trench in a ,wamp, as in the San Jose vein which is now filled with water, with only a portion of the vein show?'ng. My sample of this vein ran $9.09 over a width of 8" as against assays of $14.00 to $39.00 reported by other engineers which again corroborates but does not check the previous sampling.
About 125' northeast of this trench a 65' long trench was driven in an attempt to crosscut this vein but at the north and where the vein could be expected, the trench is only 3 feet' deep and is still in top soil.
383
Additional work is strongly recommended on this vein, and an effort should be made to find it a long the south side of the San Miguel-San Mateo claims and thence across the San Mateo claims. In the north part of the San Mateo claim a strong and persistent vein was traced nearly across the entire claim and three tunnels started to crosscut the vein at depth. Samples of the surface expOSUl'es of this vein have been disappointing and no further work on it is recommended at the present time. (C) Group-Work on the (C) or southerly group has been stopped since my first inspection. A short tunnel and trench exposed a N-S vein with low values. Since assuming direction of the work 14 trencheoS aggregating 310 cubic meters of excavation have dug so that I can testify that the claims have been actively undergoing development for more than six months. SUMMARY- The relatively high values found in two places clearly justify some additional expenditures for development. Tf this addi , ional development is definitely encouraging, that is if a surface exposure of ore is of sufficient length, width and value to indicate the possibility of there being a commercial body of ore on the property, steps should be taken to !lil"k a .. haft and explore the ore at a depth of about 100 feet. (Sgd.) POMEROY C. MERRILIr-COnsult1llg Engineel'
PA YNE & COMPANY (PHILIPPINES)
COMMODITY BROKERS COMPLETE SUGAR SERVICE 9 Plaza Moraga TELEGRAPH :
"PYNECO"
MANILA TELEPHONE:
2-75-75, 2-79-18
384
T H E COMMERCIAL & I NDUSTR IAL MANUAL
PARACALE MINING DEVELOPMENT
worthy among these landmarks are the "urrnstre," antiquated grinding mill drawn by beasts of burden i the old shafts, tunnels , open cuts and pits from where are bodies were removed and ground in the "arl'astres," I\nd rus t-euten ste:!l, onee palt of big i1ICO)'POHlt6d: June 24t.h, 1935 udnel lhe Laws of the PhiliPllincs-Alltlwl'i.efJll Capital: Pesos 2,000,- dredgers , s tuck up in marshy places. In some portions of the property of the Pal'llOOO.OO-SI!bscribilf/ Capilal: Pesos 1,000,000.00Issued SlIm"os: 53,402,GOO- Pa1' Val ne of Shares: cale Mining Development Company, I nc., in the P esos 0.01 coch- P I-incipal s: Jose Cojunngco, Pres- mountains of Maglaguitik and Mngsimaio, about ident, SotOl'O Bnluyot, Generul J\Ianagcr and 1st. one and a half kilometers from the townsite of PaVice-President, Dr. Vicente Pnnlilio, 2nd. Vice- l'Rcalc, t.hesc old "arrnstre!'''' can still be found. Atop Pl'csidcllt, Jose G. Plo'do, Director.Secretary, Dr. the slopes of the Mugsimalo and Muglaguitik J\lountuins are some of the old shnfts, tunllels, nnd open AngC!l B. TI'ini(ind, Dil'cctol'路Tl'casul'cl'- Bu7Ik Recuts made by curly miners. Most of these old workjo'r lJ nc6; PhiJiP I)ine National Blink. ings h nvc been ut.i lized in the p reslJnt develo pment BACKCROUND of the mines SOnllJ way 01' other. At the j unction Eurly accounts of Philip pine hi story urc replete of the t.wo Maglnguitik cr eeks at the foot of Map:with glowin~ descri p tions of the gold of P arnculc, simalo Mountains, nlmost u stone's t h row f"om the the town honeycomQcd with pit'> and shafts which Company's Mine, 1\ steel boom of a fairly-s ized gave it its nnme. Pa,acale's valleys and r ivcr-beds bucket type dl'edlt'e still stands u monument to cnrare sources of unt01d wealth, veritable pincer ly placer operation. Gold dust flows with the strcam!l grounds from which grOat qunntities of gold have of Maglaguitik, whose SOUl'ce is situated in the been r ecovered si nce time immemorial by natives claims of the Company nt t.he summit of Maglugemploying primitive mode of pannin~ and much uitik and Mags imnlo Mountains. later on with the aid of ~odern appliances. Its VENTURE mountnin~ trenSUl'e I'ich are oclies w~iting for. :he The Puracnle Mining Development Companr, miners' picks and shovel s. where In the Philippines arc the Inndmluks of early gold min ing, both Inc., is not II "mining boom" corporation schemed placer and lode so numerous a~ in Paracaie, Note- by financial wizards fol' self-benefit. I ts organizers
CO., INC. Hea.d Office' RC!gina Building', Eso!oltn . Manila-Mine Location: Par3caic, Cnmarines Norte-
PARACALE MINING DEVELOPMENT Co., INC. Ba lance Sheet as of Decem ber 31, 1936 ASSETS . .... } Cash on I-I:l.nd and in Danks. Sub~riptions Recei'路:l.ble ... Ad \'anccs ro Emplo)'ecs &. Miscc\l:tneQus Ro路 ccj.'abk... . ...... . Matcti:o.Js &. Supplies .... . Land and Minin,i: Rights .. Constructi on &. Equipment Exp!ou.tion &. [)c'路c!opment ...... . Mining [)c"c!opment O\'erhead .. . Genera! O\'erhud .... . Organization Expc:n5es .... .
LIADI LITiES 1~430,80S.7'1 ~
221,979.00 740.14 IO,S75.l4 8,2SO.oo 33.299.91 56. 305m 22.658.00 14.21l.30 797.45
Accounts Payable... .. .. .. .. .. .. .. .. .. Accrued P:I.)'toll &. Unclaimed Wa~es .. _. . _.. [)c(erred Credits ( Intcrest Earned, Trans(er (ecs, etc.)...... Capital: Authoriud upit':il Srock .. 1'2.000.000.00 Unissued Capitlll Stock... 1.239,884.00 C:l.piral Stock Subscribed , of which 1'538,137.00 hu been p:l.id in. ... 760,116.00 Capital Surplus.. .
66.99 2,132 .04
2.289.52
35.000.00 "'99.6'24.55
1'799.624 .SS Non: The unissued capinl nod: of 1"1 ,239884.00 includes 1'725,000.00 held in Escrow.
I"
Certified Correct:
V.
PINBl)A,
VICENTE FABELLA, Alt/iil",.
A~'''u~.
PHILIPPINES
)85
Paracale Mining Dev. Co., Inc. Incorporated on June 24, 1935, under the la ws of the Phili ppines Authorized CapitaL. Subscribed Issued Par va lue ..
........ 1"2,000,000 ......... 1,000,000 ...... 53,402,600 shares ........... 1"0.01 per share HEAD OFFICE Regina Building Escolta, Manila LOCATION OF TH E M IN E Paracale, Camarines Norte
OFFI6:IALS AND BOARD Olf DIRECTORS JOSE COJUANGCO .. . .. " President SOTERO BALUYOT . . . General M a1/ager and First Vice-President DR. VICENTE PANLl LlO . . . . . . . . . . . . . . . . . . . . .. . . .. . Second Vice-President JOSE G. PARDO.. ... . ......... . Director路Secretary DR. ANGEL B. TRI NIDAD .................... . ........ .Director路T"asII'" Con.mlting Eu!.ineer POMEROY C. MERRILL General S1tperi1ltmdent V. A . KRAPIVNITSKY (Mining Engineer) Legal COItJlsei ATTY. JOSE G. PARDO Altditors VICENTE FABELLA
&
CO.
Bankers PHILIPPINE NATIONAL BANK
386
THE COMMERCIAL
&
did not reap n single centavo for promotion and the sale of its securities, for not onJy was no commission paid, but the company even realized a capital surplus out of the sale, at over par value, of its securities amounting to P35,OOO.ao. The company was registered at the Mercantile Registry of the Bureau of Commerce on June 24, 1935, with an initial capital of 1'30,000, rai sed through the initiative of former S拢!nator Sotero Baluyot, a Civil Engineer by profession and a miner by avocation. Since that time, the Company has embarked on tl;e ser i (l ll ~j task ';If founding <\ mine so that now i t can l'ightly be called "a real mine in the making."
The Paraeale Mining Development, Company Qwns two gI'O!IPS of Mining Olaims, one group consisting of twenty-three lode claims, of which seven is under option, located in Maglaguitik and !\1agsimalo mountain'!,. a distance of one and a half kilometers Irom the h~wn of Paracale. The other group is composed of 25 lode claims situated in the sitio of Putot, Barrio of ;a.atobalani, ncar the pro"incial road leading to Pat路acale. hIt".,
About 5 Km. 1'oad connecting the Mine in Magsimalo and MagJaguitik mountains to Paracale townsite has been completed. The mining activity of tl,le Company for the preseni is centered mainly in the twenty-three lode claim!<- in Maglaguitik and l\.'Iagsimalo group where rich fl'ee gC'ld is being struck in ahout 400 !'el't above !lea level.
INDUSTRIAL MANUAL gineeri ng Co. in Los Angeles, Califol'Jlia. These laboratories determined the type of mill suitable for ore treatment. The Company has approved to order a 75-ton capacity unii, taking in additional units as the need for them arises. The first unit is expected to be I'cady for milling work before the early part of 1938, The group is covered with forest of good timber and adjacent to a communal forest on the north and northeast sides. For this reason, the company will have an adequate supply for many years. There are a number of creeks a nd springs within the propel'ty which are capable of supplying abundant good water for both drinking and mill purposes. Water rights on two Maglaguitik creeks have already beon granted the Company by the Commonwealth Government. Two granite formations form the country rock of the region, one overlying the other. The upper granite formation is generally soft and alr eady has lost its original texture. The lower gl'anite formation is hard and is still possessing coarse texture. Schist and gneiss are found on the upper granile formation, which fact gives rise to thE! be路 lief that they are the result of heat and pressure of the lower granite formation when it intruded into the upper formation. Minute quantities of micas al'e also found scattered in several parts of thl' upper granite formation.
An a ssay laboratory, fully equipped, has been insinlled. This facilitates the classification of ores.
Acting on the recommendation of the Mining Engineers of the Company, bids will be called in Manila for the su ppl y of a mill to be erected in Paracale. The type of mill is now being determined by the mining engineers in line with the ore-dressing examinations conducted by the American Cyanamid Compan~' of New York, Southwestern Engineering Company of California, Krupp Laboratory of Germany and Engineering Equipment, and Supply Company of Manila, who have forwarded their recommendations to the Company.
Two compressors, an Tngerson Rand compressor and a Gardner Denver com"!)ressor with five jack hammers, have been installed and are working continuou sly. The tunnelling work which includes the laying of double mils and ore cars is forging ahead. The Philippine Engineering Company have jl!st del ivered the power plant one Diesel Engine or 335 h .p. Ol'e dressing tellt!> were mnde by the Krupp Company in Germany , the American Cyanamide Laboratory in New York, and the Southwestern En-
PARACALE-MOTHER LODE, INC. Head Office: 7 Plaza Moraga, Manila-Regia. tel'ed: September 23, 1937-Nationality: FilipinoBusiness: To mine gold, silver, copper, lead, et.c.Ca.pital Stock: 2,000 shares, all of which are without nominal or pal' value-Subscribed Capitol: 400 flhares or P2,OOO.OO-Capital Paid: Pl ,911.01-/,,corporatol's: Jose M. Trinidad, Julit.n 00\050, Ursula Pascua, Lucy Militar, Adela Fontanilla, Concepcion Magtibay, Elias M. Ataviado. Nowlia P. Navarro and Pedro Elizalde.
Here, the company has built a thriving camp with adequate buildings for laborers, employees and officials of the comparry. There are, at the present time, about 300 laborers working continuously in day and night shifts under the supervision of V. A. KrapivnitslQ', Mining Engineer.
PHILiPPINES ?ARACALE NATIONAL GOLD MINING CO., INC. Head Office: 2nd Floor Femandez Building, 12-1. T. Pinpin, Manila, P. O. Box 400-Field Office: P. O. Box 65, Paracale, Cam. Norte-Incorporated under the laws of the Commonwealth of the Philippines, June <I, 19.17-AlItlrol路ized Capital Stor.k: Pl,OOO,OOO.I)O-Suhsc.dbed and Paid: P200,500.00Board of Directol's: J. R. Reed, President; C. Roesholm, Vice-President; B. S. Ohnick, Member; philip S. Crovat, Member; Manuel M. Crudo, Member; C. W. Rosenstock, Secretal'y-Tl'easurer-This company is operating 24 lode mineral claims situated in the Municipality of Pal'acale, Camal'ines Norte, Philippines-D. A. Willson, Superintendent of Works-Mal'smnn & Co., Inc., Managers of Mining Activities-J . E. Fyfe, Consulting Engineer and Geologist. Report as of Septemb~r 9, 1937 :-As a result of a more systematic and aggressive prospecting and exploration work laid by the Mining Engineer of the company, 1\11'. Luis B. Montero, better values from veins found and ex plored wel'e obtainecl. The samples were taken by the Chief Prospector. J oaquin Doctlllero. Optimism is arose among the men incharge ot" the prospecting and exploration work that better values can still be taken when the veins are encountered at lower levels. ;r'his expectation is based largely on the report of the Mining Engineer that the richest portions of the veins are at water level. Twelve (12) samples were brought to the Consolidated Mines for assay. The assays of the foul' (4) samples ranges from P15.40, 1)33.80, P72.80, and P157.70 based on new value of 525 per ounce. The assays of the r est ranges from Pl,40 to P2.80 according to Laboratory No. 731 of th e Consolidated Mines dated September 3, 1937.- M. R. l1LORES, Acting P )'esidcnt, Puracale-Tigbi Mining (io ., I nc. PARACALE SYNDICATE MINES, INC. Head Office: 4th Floor Wise & Co., Ltd., Bldg., Manila-Registered: October 20, 1936-Tel'm: 50 years-B11$iness: To Acquire, Own, '''ork, Explore, Lease, Mortgage, Sell and Dispose of any Min .. :;: (\Metalliferous land, and any interest or inter ests therein, and to Explore, Exploit, Work, Exercise, Develop and turn to account the same-Nationality: Filipino-Capital Stock: Pesos 600,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capital: Pesos 100,OOO.00-Capital Paid: Pesos 25,OOO.00-hlcorporators and Directors:
)87
Antonio Rivero, William H. Pickell, Esperanza Gardiner, Orsino R. Pizarro, Jacinta Baldomar, Jaime S. Cabotc, Bernardino M. Benzon, Dr. P edro J _ Velasco, Jean Pickell and Sotera M. Romero. (Jaime S. Cabote, Bernardino M. Benson, Dr. Pedro J. Velasco, Jean Pickell and Sotem M. Romel'o, are incorporators only)-Tl'easure)': Espel'anza Gardiner, Manila, P. I. PARACALE-TIGBf MINING COMPANY, INC. Head Office: 40, Fernandez Bldg., Manila-Re_ gistered: October 7, 193G- Tel'llt: 60 years-Bu8iness: General mining business throughout the Philippines, and to secure, Puychase, Lease, and Operate mines and Mining claims and to Purchase, Erect, Lense, and Opcl'ute millin'g, COllcentl'ating-, Reducing, Smelting, and Refining plants 01' works of any and every kind for Mining, Milling, Reducing and refining ores 01' Bullion-Nationality: Filipino- Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of the par value of P esos 0.01 eachSub8cl'ibed Ca7Jital: P esos 2IG,050.00-Capital P(tid: Pesos 86,625.00- h lco)路1)O)路atoI'8 and Dil'ectol's : Wai ter J, Rob~, Mariano Flores, Marciano Sto. Domingo, Pablo Evidente, J ose Ma. de Marcaida, Antonio S. Ramos, Leodegario Alba and Fred T. Lawrence. (Pablo Eyidente, Leodegario Alba and Fred T. Lawrence, are incorporators only)-Tl'easlt?'et': Jose Ma. de Marcaida, Manila. PARAC.4.LE-TUl\1B.4.GA l\1IN'ING CO, INC.
Head Office: 407 Fernandez Bldg .. ManilaRegistered: October 10, 193G- Tenn: 50 yearsBusiness: General mining business throughout the 'philippines, and to Secure, Purchase, Lease, and Operate mines and Mining claims and to Purchase, Erect, Lease, and Operate milling, Concentrating, Reducing, Melting, and Reducing, Melting, and Refining plants or works of any and every kind for mining, Milling, Reducing and Refining ores or bullion-Nationality: Filipino-Capital Stock: P esos 1,000,000.00 divided into 100,000,000 shares of the par value of Pesos .01 each-S!lbscI'ibed Capital: Pesos 208,600.00-Ca.pifal Paid: Pesos 84,300,00Incorpo)路atoJ's and Directors: Guillermo Z. Villanueva, Vicente Albano Pads, Marciano Sto. Domingo, Antonio S. Ramos and Leodegario Alba-Treasurer: Leodegario Alba, Manila.
PARAMOUNT EXPLORATION & DEVELOPMENT CO., INC. Head Office: Room 609 Cu Unjieng Bfdg., Maniia-RegistM'ed: To conduct the organization, pro-
388
THE COMMERCIAL & INDUSTRIAL MANUAL
motion 01' management of any mining company, corporation 01' association and to receive fees, salary or compensation for its services either in cash or in stock in accordance with existing law 01' government l'cgulation. To conduct the! examinatio n, investigation and exploration of UIlY mining claims and mining propertIes, and generally to deal in the purchase and sale of such mining properties and claims as the corporation may deem worthy of development and exploration-Natiollulity: FilipinoCapital Stock: Pesos 1,000,000.00 divided into 100,000,00 shares of the pal' value of Pesos 0.01 eachSubscribed Ca,pitul: Pesos 200,OOO.OO-Ca.p itaf Paid: Pesos 50,OOO.OO- hlC01']JOyator8 (tlld Di-rectol's: Go· dofrcdo Montillola, Armando Hilado, Conrado Lobaton, Sofl'onio Abt'el'a, Josc Pavicru, Marcelino Dumancns, Conrado Cabaiiez and Jose Cantara, (Godofl'edo Montinola, Armando Hilado and Conrado Lobaton, arc incorporators only)-Tl'easw'el': Conrado Lobaton, Manila, "p. T. PARELLADA & CO., I~C. Head Office: Chaco B14g., Manila-Registered: January 20, 1937-Tenlt: 50 ycurs-Bllsiness: Brokcrage-Nationality : Fil'ifino-CU1)ital Stock: Pesos 200,000.00 divided into 2)POO shares of the pa l' value of Pesos 100.00 each-Stlbsc)'ibul wnd Paid-in Capital: Pesos 40,OOO.00-lncorpomtoJ's: Esteban Pal'ellada, Juan Parellada, Madna B. de Parellada, Antonio V. Rocha, Joaquin Perez Jr., and Federico Ruiz Jimenez. PARLATONE HlSPANO-FTLIPINO, INC. Head Office: P. O. Box 2078, :Manila-Registered: August 7, 1935-Tel'm: 50 years-Basiness: To make, Produce, Design, Prepare, Stage, Exhibit, Motion Pictures - Nationctlity: Filipino - Ca.pitat Stock: Pesos 1,000,000.00 divided into 10,000,000 shal'cs of thc pal' value of Pesos 0.10 each-Subscribetl a?ld Paid-in Capital: Pesos 3111,000.00; Cash: Pesos 6,564.00; P"07)el'ty : P csos 30,1,436.00-hlcOJ·' 7)0Ia t'lrR (!J!d Di,·petol'.<:: PCl!ro S. CalTiedo, Julian Salgado. R. F. NavalTo, Toribio Teodol'o and Natalia Carriedo-Trcaslfrel': P edro S. Cal"l'iedo, Manila,
P.
I.
PARSONS HARDWARE CO., INC. Hellll Office: 805 Echagu e, l\Ianila-BI'U1Ich: 62-64 William Street, New York City-Nationality: Brilish-BusiJ,css: Hardware; Fnncy Goods; Music -PI-incipals: W. Parsons, R. Illchnusti, J. Al'l"ioln, 1. Santia~o-A!!thorized Ca1,ital: Pesos 2,000,000.00; Paid-ill Ca7lital: Pesos l,500,OOO.OO-Pa)· Value of
Sltcwes: P esos lOO.OO-Annual Turnover: Pesos 1,200,000.00·-Resel·ve: Pesos 200,000.00-Telegrapit: "Pal"sons"- Ba1!k Reference: Hongkong & Shanghai Banking Corporation. P ARSRAM & COMPANY H ead O/lice: Manila, Philippines-Registered' Octobcr 20, 137-Nationality: British-Indinn-BusilIe88: Importation of all ki nd s of merchandises, etc. -C01)itol: PIO,OOO.OQ.-Capita l contribllted by each partllel': Parsman Kondumal, P4,OOO.00 i l\Iurlidl,ar Kunciollml, 1)3,000.00; Bhagwnnda!t I(undomal, lta,DOO.OO-Managel·: Murlidhas Kundomal.
E. G. PASCUAL & COMPANY, INC. Head Ol/·ice: Veloso Bros. Building, Plaza Rizal , Cebu, P. O. Box 324-Nationality: Fili l)ino-BtlsilIess: General Merchants-Established: January 15, 1936-Allthorized Capital: Pesos 20,OOO.OO-Paid Up Cll]Jif'll: Pesos 7,.WO.OO-Par Fullle of Shares: P esos 1.00-7'elegl'Uph, Codes: Bentley's 5th Edition -illltJ!ager: E. G. Pascual-Bank Refelence: Cha'!'tl'l'eti Bank of lndia, Austl'alia & China, Cebu . PASCUAL Y ZALDIVAR H ead Ofiice: No. C-12 R. Patel'no Bldg., Manila-Registered: Octob~r 25, 1937-Natiouality.Filipino-Tel"'lll: Five (5) years, from October 19, 1937- -PItJ'pose: Buy and sell of general articles, brokerage, etc.-Capital: l)l ,OOO.OO-Capital contributell by each pari1lcr: Ramon Pascual, P500.00; Armando de Zaldivar, P500.00-M(I1!QgcI·: Ramon Pascual. PASUDECO EMPLOYEES -ASSOCIATJON- --.. H ead Office: San Fernando, Pampanga- Registared: September 11, 1935-Tel'1l~ : 10, yearsAgdcultural products, Dry goods, and Other merchandise-Nat1'onafitv.- American-Capital Stock: Pesos 20,000.00 divided into .1,000 shares of the par value of Pesos 5.00 each-Subscribcd Ca.pital.- Pesos 4,000.00-Cal)ital Paid: Pesos ] ,040.00-/ucorporators alld Directors: John Wyllie, T. Ventura, B. Agana, Lcon N. Reyes, Claudio B. l\1elo, Delfin Suert:.e, Faustino Castillo, Librado Agalu, Venancio l\Iadambu, Salvador Ermitanio P. Escoto, D. Hermo, Guillermo Duiigo, Salvador R, Ccnteno and D. L, Dimacali. (John Wyllie, T. Vent-urn, Leon N. Reyes. Delfin Suerte and B. Agana, are directors only)r"caBI!Tcr: Leon N. Reyes, San Fernando, Pampanga.
PHILIPPINES VICTOR PATOS AND COMPANY, INC. Head O//ice.' Tagbilarnn, Bobol_Registered: September 16, 1037-Natiollalit/l.' Filipino-Business: To engage in general mercantile busine",sCayital Stock: PI OO,OOQ.OO divided into 2,000 shtlre8 of the par value of PSO.OO each-Subscribed Capital: P20,OOO.OO-Capital Paid: P5,QOO.OO-Incorpon;r.tors: Victor Patos, Rcmigio Tatad , Mclquiades Tatad, Maximo Agunod, Pedro H . Concon, Lazaro Saligan and Rosa San .Tose. PAYAO RICE MILL CO., INC. Head Of/ice: Binalbagan, Negros OccidentalRegisteJ'cd: Octol'er I, 1937- Natio?lality.' Filipino -Business: To establish mill s for unhusked rice and corn, etc.-Capital Stock: P20,OOO.OQ diyided into 2,000 shares of th~par value of PtO.OO eachSubscribed Capital: 1'8,530.00-Capital Paid: P4,130.00-Incorpo)·atol·s: Florentino G. Benedicto, Segundo Montilla, Miguel Gatuslao, Francisco Terruel, Rafael P. Alvarez, Felix Rubin, Benjamin Tantia, Antonio M. Rubin, Alejandro Claveria, Lucas Rubin and Lorenzo Garcia.
PAYNE & COMPANY (PHILIPPINES) Head Office; 9 Plaza Momga, Manila-BUBiJle8S,- Commodity Brokers; Complete Sugar Service. PAYAS MANGANESE MINING CORP. Head Office: Laoag, I1ocos Norte-Registered: September 3, 1935-Te·r m: 50 years-Business: To Locate, pUrchase, Lease, aild Othel"\vise acquire mineral claims anywhere in the Philippine Islands, etc.-Nationality.- Filipino-Ca1)ital Stock: Pesos 300,000.00 divided into 3,000,000 shares of the par value of Pesos 0.10 each-Subscl'ibed and Paid·in Ca.pital: Pesos 135,500.00; Cash: Pesos 500.00; Mining claims." Pesos 135,000.00-incDr1)OratoTs and Directors.- Liberato Daguio, Simeon Tolentino, Alfredo Daguio, Felix Aguinaldo, Walter G. Jensen and Barmachea-T~·ea Sl~)·er.- \Valtel' G. Jensen, Pasuquin, I!ocos Norte. PE CHUACO AND COMPANY Head Office: No. 909 San Fernando, ManilaRegistered: November 19, 1935-Te ...·m : Four years from J uly 17, 1934-Business: Tmporting and Exporting General Merchandise-Nat·ionality.- Chinese -CCLpitab: Pesos 21,000.OO-CCLpital contributed by
PEN A AND LINDOG AN STOCK $: BONDS M. C. Pena S. O. LindogaD Mining, Commercial $: Indu$Crial Promotions 126 Cryual Arcade. Tel. 2334) ManaltrJ &' OptratDrs of: Insular Chromium Mining Corp. Mambulao Bulawan Gold Mining Co., Inc. Northern hogon Mining Co., Inc. Royal Goldfields Minin!! Corp. Balbalasang-Olympic MIning Co., Inc. Gt1I(rai At/flts ~f Montilla Management $: Investment Corporarion C~flt"lIifll
,wd Operatilll Pilar Copper Mines, Inc. wpit Copper Mines. Inc. Pampanga Gold Mines. Inc.
EXECUTIVE OFFICES: Suite 202-212, Uy Yer Bldg. Cable Address: "PenHn" 217 D~smarilias, Manila
389
PAYNE & COMPANY (PHILIPPINES)
, COMMODITY BROKERS COMPLETE SUGAR SERVICE
9 Plaza Moraga MANILA
TELEGRAPH:
TELEPHONE:
"PAYNECO"
2-75-75; 2-79-18
THE COMMERCI AL & INDUSTRIAL MANUAL
390
each partnel": Pe Chiat Guan, Pesos 3,000.00; Pc Chuaco, Pesos 3,000 .00; Tan T inn Seng, Pesos 3,000.00; Uy Chin Jian, Pesos 3,000.00; Yap Lin Gee, Pesos 3,000.00; Dug Bok, Pesos 3,000.00; Chua Tin, Pesos a,OOD.OO-Manage)': Pe Chint Guan.
Business: Brokerage-Nationality: Filip ino---Call. ital con/"ibl/teel by each pal·tner: l\'[ agdaleno C. Pena, Pesos 5,000.00; S. O. Lindogan, Pesos 5,000.00.
j'rlANUE L PELLICER & CO ., I NC. HertA Office: 40-44 Escoita, Manila-Business: Dry Goods Store Operators; Tailoring and Shirt l\'1aking- Atltho)'i::ed Ql!d PcLid-in Capital: Pesos 273,OOO.OO-Pur Vahle 0/ $Jt(trcs: Pesos 500.00-A11mlul 'f/!n/otlcr: Pesos 775,680. 73-Res€)'ve: Pesos 436,948.49-Dividcnd: 21 f(- P"iucipal: l\'lanuel Pelliccl'-Bunk Reierfmae: Bank of the Philippine Islands.
Head Office: Manila-Reoistel'ed: October 29, 1936- Tel'1u: 50 years, from Oetobel' 29, 1936-BII8i1!e88; Real Estate, Bl'okerage, ctc.-N(I/ionulity: Filipino---Capita/: Pesos 100.00-Cal,ita/ cOJI/l'ibllted by each pal·tllel·: A. Pena Otcyza, Pesos 95.00; Isabel Peiia Otcyza, Pesos 5.00.
PENA & LINDOGaN He (u/ Office: 3 \ Saman il10 Bldg., Manila-
A. P ENA OTRYZA & COMPANY
T HE PENNSYLVANIA OIL COMPANY
OF THE PHILIPPI NES, IN C. H ead OJ/ice: 502 Estero Cegndo, Manila, P. I. _Bnl1lcl!es: Baguio, Bacolod, Iloilo. Ccbu-Btlsi-
PEOPLES BANK AND TRUST COMPANY March 31, 1937 Resources Loans and Discounts O"erdrafls Oustomers' Liabilin, Acceptanccs t ,e. CustOmcrs' Liability, T 'R.... . ..... . Stocks, Bonds and Other Securilies .. . Ban king House. Furniture and Fixtures Other Real and Chand Propcrt~· Owned. Due from Banks ..
Cash... ..
. ......
Checks and Other Cash [terns Other Resources.
PesoS 2,155,618.9S 3.032,)69.98 507.402.66 64340.22 873,328·17 IOO,662.4S 95.370.05 -1 ,064,259.89 3,03),591.8') 107,887.78 365,000.76
ColS'TIN(lBNT LI"nzLIT'r~
Contin,!;cnt Liabilities: Future E"ehangeSold ... Securities Held (or Safekeeping Unused Commercial L ·C. Traveler's LC Unuseu. Bills for Collection (e"cJ uding !hcst' issued under T 'R). Ocher Condngent ,\ccounts
1-I ,399 .74}'o9
ALLEN L. DWYRE, AuiJ""" Mana!,,,.
217.}17.03 1,829.82J.84 1'3,445,)8}.48
TOTAL.
P,." Capital Stock, .. Surplus .. Reserves Undivided PrOfiu. C;!.Shier·s ManlAer's and Cercilied Checb Dividends Payable indi vidual Deposits Subject to Che(k Savin~s and Time Deposits Bills Payable Other Liabilities.
TOTAL.
1'760.549 .09 3.265.00 59062,52 39.456.00
TOT.... L.
1,000.000.00 lOO.ooo.OO IU6293 76.079.58 146,01378 20.00 9.449.447.07 ).Z;O,IU·lS n,60S.12 253,07 1 31 14.399,74).09
LUIS D PANLILlO, Notarl' Public. Commission expires Oe<. 31, 1938. Doc. 325. P.1ge 66 Book 1, $cries 1907.
PHILIPPINES
391
NEWSPAPERS
D-M-H-M
MA N ILA, PHI L I P PI NES
DEBATE
HERALD
On1 y Morning Dad y in Spanish
Only Evening Daily in Engl ish
MABUHAY
MONDAY MAIL
Only Morning Daily
In
Tabloid Weekly Newsmagazi ne
Native Dialect
in English
a Sel ling Power, dominant and productive, with a thorough coverage of the Man il a Trad ing Area and the entire Philippine markee, a vigilant, unequivocal, daring and courageous guardian of Philip-
pIne public interests, a fearless leader in the fight for righteousness, always "first in news and first in truth" and "always fair , fea rless and firm."
- -- ¢- - Publishers
THE PEOPLES PRESS, INC. 61 MURALLA
MANILA
P. O. BOX 601
392
THE COMMERCIAL
&
1less: Oil Importers-Established.' 1935-Principals.'
A. E. Pmts, P resident and General~Manager: Directors: Judge George R. Harvey, H on. Gil Montilla, Judge J. W. Hausserman, D on Arcadio DiazAutlwl'ized Capital: Pesos 250,OOO.OO-Agcncies: The P ennzoii Company of Los Angeles-Telegraph Address: "Pennsyloi," Manila-Bal!k Reference: National City Bnnk of New York
THE PEOPLE'S ACADEMY H ead Officc: I mus, Cavite-Registered: April 20, 1935-7'e1'111 .' 50 yeal's-BJtsi1!e8s.' To Open, E stablish, Maintain, Own, Operate, PUrchase, Acquire and Otherwi se to Conduct a Private School or College, Giving Kindergarten, Primar y, l ntermedinte, Secondary, Collegiate, Busi ness and other Kindred Coul'ses, ~c.-Nationality: Filipino----Capitai Stock: Pesos 10,000.00 divided in to 100 shares of the pal' value of Pesos 100,00 each-Subsc)'ibed Cwpital: Pesos 2,000,OO-CtlIJ)ital Paid: Pesos 1,000,OO-hlcorpol'llto)'S ,Hid Dl1'cctors: Lorenzo B, Paredes, Meliton Dal'vin, Paulino Stuart, Mariano Tirana and Const.."l.n tino Tirona - Treasltrer: i\leliton Darvin, Imus, Cnvite, PEOPLES SURETY, I NSURANCE CO" INC, Head Office: 105 Plaza Sta, Cruz, l\1anilaRegiste)'ed: July 25, 1935-TeJ'llt: 50 years-Bl/siness: Fire l nsurallcf!-Natiomllity: Filipino--Capital Stock: Pesos 500,000,00 divided into 5,000 shares of the pal' value of P esos 100,00 each-Subscribed Cal1ital: P esos 250,000,OO-Ct11)ital Paitl: P esos 153,000,OO- hlcol'pol'atoJ's amt Dil'cctors: T01'1bio Teodol'o, Tomas p , Na val'l'o, P edro S, Can,iedo, Cil'iueo Tuusol1 and Cnrmelo Reyes- Tnwsul'er: Pedro S. Carriedo, M:;mila, p, I. L UIS PEREZ Y CIA. H~(I{J Offire: Luis Perez SnU\nnillo Building, E seolta, l\!an:ln-Natiollality: Spanish-BusiJ/ess: Sroeks and Rnnds BI'okers-Gc7Iel'al Co-PartnershipMfl'lfI!Je;'" allli [',U'/JICI'S: Luis de! Olagucl' Feliu and Jose Ma, Munlanola-.4nthorized und Paid.up Capitfll: Pesos ]OO,OOO.OO-Balll.- Re/el'ellces: Hongkong nnd Sh!lngnai B:lnking Corporation, Bank (of the Philippine hlands,
INDUSTRIAL MANUAL
Lu rs
PEREZ SAMANILLO, INC, Head Office: Luis Perez Samanillo Building, E:,eo!ta, l\Ianil!l-NutioJlality: Spanish-Business: Real Estate-Established: May, 1937-Private Cor. pomtion Organized under the Laws of the Philippines-A uthol'iZl'd and Pai'l-ul1 Capital' Pesos 3,000,000,OO-Pcu' Yaill e 0/ Shares: Pesos 100,00P,'esident alUi Mmmucl': Lui s Perez de OlagueI' F eli u ; DiJ'cctoJ's: Luis P erez de Olaguer Feliu, Ivonne Fernandez de Perez, Jose M. l\Iuntanola, Mariana Fel'nande ... de MUntanola, Honorio VentUl'u -B,mh Re/e)'ellces: Hongkong & Shanghai Ba nking Corporation, Dank of t.he Philippine I slands, National City BUn'k of New York- TelcU1-al1!t: " Ollinamaco"-Cod"'8: Petel'son 3rd Edition-This COl'pomtion wns ol'ganized by and between the widow and heirs of t he late Don Lui!i Pcrez SamBnilio who was killed by the reds in Barcelona in Jul y 1936, 1'011', Perez Sama nillo had been doing business in the PhilijJpines for nl.'ady fifty yenrs, PEREZ SAMAN ILLO. RAFAF:L Head Office: 116-122 Juan Luna, :UsnilaNatiplI芦lity: S J>anish-BlIsinc.~s: Real E statcPJ'i-n.cipals: Ma nuel Perez Rosales, Rafael Perez Rosales, Antonio Perez Rosales-Telegraph: "SamaniJlo" , LU1S PEREZ OLAGUER I NVES'f~IENT COM P ANY, LTD, Hcn,l Office: Luis Perez Samanillo Building, Eseoita, l\fanila-N(/timwlitlf: Spanish-Busi1t68s: Inve!itlnen ts (Stocks, Bonds, EI.c,-Esta bUshcd: Apri l 1937- GeJlernl Co路Partnership under lhe Law~ of the Philip l)ines: Pal'tnel's: Luis P ercz de Olagt:e,' Feliu, Asuncion Llado Vd:L de P erC'.:., Jose Ma, Perez, Augllstina PCI'<JZ de MOl'cno, Anton io Perez-Authorized (In,l Invt'strd Cut)ito/: Pesos 770,000,00 _ 1'cieul'oplr: "OUinnmaco" - Codes .' P etel'son (3l'd Edition)-BaJlk Re/erel/ccs: FlongkO!lg &.. Shang-hai Run\dng Corporation, Bank of thc Philippine Islands, PHILIPPI NE AMALGAMATED M INES, INC, H ead Office: 303 Crystal Arcade, Escolts, Manila- Registcl'cd: August 20, HI36-Tcrm: 50 y ears-BusiJlc,,: Mining, Dredging, Sluic.ing, Con-
NOTE :_THE I NFORMATION CONTAINED IN THE COMMERCIAL & INDUSTRIAL MANUAL OF THE PHU.. IPPINES IS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE AND IS THEREFORE BELIEVED ACCURATE. BUT IS NOT GUARANTEED IN ANYWAY AND NO RESPONS IBILIT Y THER E F ORE CAN BE ATTACHED TO THE PUBLISHERS OR ANY REPRESENTATIVE THEREO F ,
PHILIPPINES centrating, Milling, Converting, Smelting, Treating, Preparing, for Market, Manufacturing, Buying, Seiling, Exchanging. and Otherwise Producing and Dealing in Gold, Platinum, Silver Coppel', 'Lead,
Brass, Iron, Chromium, Steel, Manganese, and all Kinds of Ores, Metals and Minerals, etc.-Natiomxlity: Filipino---Capital Stock: Pesos 400,000.00 divided into 4,000,000 shares of the par value of Pesos 0.01 each-S1lbscl'ibed Ca.1Jital: Pesos 304,500.00Cu!)ital Paid: Pesos 243,075.00-I7IcOI'1)Ol'atO)路s and
Directors: A. G. de los Santos, Juan Manahan, Rufino Abriol, M. V. de los Santos, Patricia S. Montemayor, Zosimo Ricafort, Manuel A. Alzate, Rosendo r~lamas, Ju:ia Calot and Manuel Gal1ego.- Trea$ur~ el': Patricia S. Moutemayor, 1524 Eeonomia, Sam~ paloe, Manila. PH ILIPPINE AMERICAN DRUG CO. BOTICA BOlE
Head Office: 95 Eseolta, Manila-Bnlillches: Cebu , Tioilo, Legaspi U. S. A. Buying Office: Phil~ ippine American Dl'Ug Co., .16 Beaver Street. New York City-European Buyin~Offiee: E. & A. Has~ che, Steinstrasse 14, Hamburg, Germany-Nationnlity: Filipino---BI/8"ine88' W~olesale, Retail and Manufacturing Chemists; Laboratory, Hospital and Photo Supplies-Established: 1830-PI'i7lcipaI8: Roy S. Spring'er, General Manager, F. Umbreit, Assistant Manager, J. P. Heilbronn, S. F. Gaches, Amos Bellis, Roy S. Springer, Salvador A1'aneta, Di rectors-A1Itho)'ized Capital: Pesos 3,500,000.00 -Paid-in Capital: Pesos 2,625,000.00.,-Agellts for: American Cyanamid Company: Johnson & John'son; Carl Zeiss; Parke, Davis & eompanYi The Mentholntum Company; Stanco, Inc.; Zeiss Ikon Agfa Photc; S. S. White Dental Manufacturing CompanyBalIk Reference: Philippine National Bank; Irving 'I'rust Company, New York City. PHILIPPINE-AMERICAN INVESTMENTS, INC. fUnd Office: P. O. Box 3157, Manila, P. 1.B1'anchc8: Throughout the Philippines and Foreign Countl'ies-Officel's; Felix D. Miraflor, President and General Manager, Formerly District Managel', Asia Life I nsurance Co. for the Bicol Reg ion; Hon. Tomas S. Clemente, Vice-President, Assemblyman tor Sorsogon, President, Cagarn-Is Gold Mines. Inc., Chairman, Board of Tl'ustces Gavenn International
393
Chromite Co., Inc., Vice-President, Samay Gold Mines; C. Pasa Y Penas, Secretary-Treasurer; Nemesio M. Ortega, B. S. C.-Assist-Secl'etary-TreaSUl'er, Head Policy Dept. U. S. Life Ins. Co.; Por+ ferico, General Agent, Life Undenvriter, Asia Life Insurance Co., Treasurer, Sa may Gold Mines, Inc.; E. C. Redline, Office Manager, Former Manager, Hamilton Brown Shoe Store, Former Manager, Lyric Film Corporation, Former Manager, Paramount Film Corporation; Legal Counsels, Atty. Moises Ma. Buhan, Executive Secretary, Gavean Inter路 national Chromite Co., Inc., Executive Secretary, Samay Gold Mines ; H on. Jose Bonto, Assemblyman for Albay, Chairman, Committee on RailroadsAuditor: Constancio C. De Guzman, C. P . A.- Bank R8ference: Philippine National Bank; National City Bank of New York. Now-a-days, corporations are no longer owned by a few rich men and rich families, but by the Small Shareholders, the Small Investors. by the multitude of SmaU or Odd Lot holders of securities. That this is t"ue is shown by the fact that. big corporations, such as the Central Ex('.hange of the Phil-
Luis Perez Samanillo Inc. Luis Perez Samanillo Building 619 Escolta, Manila, P.
r.
THE COMMERCiAL
394
&
ippines, the Federated Management and Investment Syndicate, and the International Stock Exchange headed by the former Governor General Francis Burton Harrison, Judge Rafael Corpus and Don Leopoldo R. Aguinaldo respectively, arc, despite their enormous capital, s till offering to the investing public the shares of stock of their companies in order to meet their present business needs and exgenices. This business method is now energetically adhered to by all successful investment companies all the wodd over in Ql'del' to prevent monopoly of interest and concentration of wealth in the hands of a few persons. With the advent of indu stralization and development of the nslut-al resources of our country, it be· comes impe rative now thut there should be a transition fl'om the system of individual ownership to that of corporate organiza tion, depending for its financial existence and su p ort on the sale of stocks and bonds. By means of an investment corporation, the Philippine·Amel'ican rnve tment.s, Inc., is created to make it possible to combme the small savings of millions of small investors ,nto a huge capital for the creation of mammoth ente\Pl'ises, capable of per· forming services beyond the roach of an individual. This is also true with the minin" industry which has brought enormous wealth and prosperity to our country, has given many people livelihood and a steady income.
The problem of investment deals primarily with diverting the savings of an individual into some ~ro ductive channels. Peopl e usually invest their savings in enterprises controlled and operated by others in order to get a good return. on their investment. Another important problem of investment is the protection of savings. It was for this specific purpose of affording that protection that the Secul'ities Act was enacted by the National Assembly. This new law as everybody knows has so A CHI Smd"
INDUSTRIAL MANUAL restricted the financing of mining companies and investment corporations and plaea.ti so much responsibility on all connected with the sale of securities that the interests of the invP'5tors are given due protection. The Philippine-American Investments, Inc., will engage in the following activities :-L Holding CompanY.-As an investment company, the Philippine· American Investments, Inc., will diversify its invest· ments by holding blocks of stocks in val'ious profit. able enterprises. Its object is to acquire, hold and sell shares, stocks, debentures, bonds, and securities of any company of good financial standing whether at home or abroad gual'anteed b~' any government, public or municipal authority. I t is believed that this activity alone of the Company in trading in securities will yield immediate and tremendous profits to our investors. II. Financing Company. As a financial 0)'ganization, this Company would provide short term credit on stocks and secul"ilies in which the funds of the Company have already been invested. II I. Promotion. The Philippine American In· vestments, Inc., will deal in the promotion and management of exceptionally good mining properties that after a thorough study by our technical men the mining claims show unmistakable s igns of commercial values. In one promotional work undertaken by the Philippine-American Investments, Inc. in a mining company with a capital of Pesos 1,000,000.00, the gross income of this corporation according to our conservative estimate would be no less than Pesos 200:000.00. We may venturc to say in this connection that within a yea r hence, the Philippine. American I nvestments, I nc., because of its sound business principles and management will be able to promote no less than six mining companies which, we have every good reason to bel ieve will be real-
PHILIPPINE AROMATIC CIGARETTE MANUFACTURING CO ., LTD . Est. 1921
Cigars, Cigarettes and Smoking Tobacco PHILIPPINE VIRGINIA BLEND Tel. 5·10-28 F"rbChDittT~tI«d
-
m
F. B. HARRISON , PASAY, RIZAL , PHILIPPINES -
P. O. Box 15'5
c.iJit AJJ..u: "PHILAROMA" , M:lniJa--CMu: Bentley'$ Wc:,slern Union
PHILIPPINES ized, and will yield to our investors a total gross income amounting to Pesos 1,200,000.00 a year. Owing to the insistent demand of numerous investors to allow them to subscribe for more shares in this Company, the members of the Board of Directors have decided to increase its capital stock to Two Million and a half (People 2,500,000.00) Pesos with the same par value of onc peso (Pesos 1.00) per share. The recapitalization is in further response to the demand of our foreign agencies to increase the capital stock of the Company.
PHILIPPINE AMERICAN TRADING CO., INC. Head Office: 14 Hogar Bldg., ManilaRegistered: September 2, 1935-Tenn: 50 yearsBusi7less: Importation, Exportation, Buying, and Selling at Wholesale and Retail of all Sorts of Merchandise and etc.-l,;rationality: FilipinO-Capital Stock: Pesos 1,000.00 div.ided into 100 shares of the par value of Pesos 10.00 each--Subscribed and Paidin Capital: Pesos 1,000.00.J...../n corporators al!d Directors: P. R. Pendon, Nieves Abierta, Irineo Garcia and Eduat"dQ Farga s-TI·casu1·e,· ; Irineo Garcia, Manila, P. I. PHILIPPINE AROMATIC CIGA,RETTES MANUFACTURING CO., INC. Head Office; 661-663 Magdalena Street, Manila, P. I.- Branch: 555 F. B. Harrison Pasay RizalNati01!ality: Sino-Filipino - B1!siness: l\fan'Ufacturers and Exporters of Cigars and CigarettesEJllablished: 1921; 1930 Organized under the Laws of the Philippine Islands-Authorized Capital: Pesos 500,000.00; Paid-in Ca,pital: Pesos 246,080.00-An-
395
nual Turnover: Pesos 700,000.00·-First concern in Manila to make Cigarettes from Virginia Leaf Tobacco-Principals: Lim An, Manager; Chan QuepTelegra,pk: " Philaroma"-Bank Reference: China Banking Corporation; National City Bank of New York; Philippine National Bank. PHILIPPINE BUILDERS AGENCY, INC. Head Office: State Theater Building, ManilaRegistered: November 18, 1935-Term: 50 yearsBusiness: General Importation and Exportation Business Including, the Management, Manufacturing Compounding, Producing, Improving, Owning, Buying 01" Selling of Materials, Machineries, etc.Na,tionality: Filipino-Ca,pital Stock: Pesos 45,000.00 divided into 450 shares of the par value of Pesos 100.00 each-Sltbscribed Capital: Pesos 16,300.00Ca,pital Paid: Pesos 4,150.00-/ncorporators and Directors: J. M. Sebastian, Anastacio M. Danga, Alfredo Laquindanum, Otilio A. Arellano and Elvia Aranetn-TreaslIrer: Anastacio M. Danga, Cagayan. PHILIPlj'INE BUTTON CORPORATION Head Office: 828-840 Calle Misericordia, Manila-Exec"tive Office: 225 West 34th., Street, New York City-Factol·Y: Manila-Telegl·a.p h: PetwaloManila !lIa,11a,gel·: J. L. Headington. PHILIPPINE CABINET TIMBER CO. Head Office: POl"t A rea, Manila- Nationality: American and Filipino-Business: LUllIber and Logs-Esta,blished: January 1936Authorized Capital: Pesos 400,000.00-Paid Up Ca,pital: Pesos 200,000.00-Par Value of Shares:
PHILIPPINE BUILDERS AGENCY, INC. Mal/lIlac/urerI' Repra(1Jtatillu- Extbuive DiJlribufors alld ImporferI of Building Maurinl Sptcialtiu
WINDOWS AND DOORS CALIFORNIA STUCCO Steel, Bronze Aluminum AMERICAN KEENE'S CEMENT DOUGLAS FIR Pl.YWOOD Wallboards, Panels and Laminated Wood P. O. Box 1795 Tel. 2~9-43
State Theater Building Manila, P. 1.
Cable Address: "SEBASTIAN" Manila
THE COMMERCIAL
396
&
INDUSTRIAL MANUAL
INVEST P2 AND WIN P200,OOO THAT IS SOUND BUSINESS FOR!!! LUCKY BUSINESSMAN
The Philippine Charicy Sweepscakes o rganized to raise funds fo r suc h charitable and public welfare institutions as the Phili ppine Islands Anti-tuberculosis Society, Assoc iated Chari ties and Provincial Hospita ls alford you the opportunity to help in their noble miss ion and also win a ~ortune.
TICKETS AT
P2.00 EA<S:H PLUS 2 C VOS. FOR INTER~AL REVENUE STA짜p.
,--------~---
P R I Z E S -------~
First Prize
Second Prize
Third Prize
P200,000
t'100,000
PSO,OOO
L-----~-:aEld
numerous other prizes.- -
Win A Prize and Save A Life
PHILIPPINE CHARITY SWEEPSTAKES OFFICE P. O. Box 141 , Manila
-
1893 Rizal Avenue -
Phones 2-43-11 & 2-43-16
PHILIPPINES Pesos 100.00-Telegraph: "Rosewood"-Codes Used: Acme, Bentleys-Prillcipals: W. w. Harris, Pres., J. B. Hoover, Vice-Pres., W. W. Harris Jr., Secretary, M. L. Coleman, Tl·eas.-Ba11k Reference: National City Bank of New York. PHILIPPINE CHALK AND PAINT MANUFACTURING CO., INC. Head Office: Cebu, Ccbu, P. I.-Registered: April 23, 1935-Tenn: 50 years-Business: To Manufacture Chalk and Paint Powdel· of aU Kinds, Purchase or Acquil"(~ Mining Claims-Nationality: Filipino-Capital Stock: Pesos 99,000.00 divided into 99,000 shal·es of the pal· value of Pesos LOO eachSltbscdbell C(J!pit(~I: Pesos 30,400-Gapital Paid: Pesos 30,000.00 all in property- Incorporators and Directors: Esph·itu Bunagan, Valentin Malinao, Agripino Pogoy, Prudencio Pogoy, Mrs. Vicente A. Paulin, Jose Riveral and Irenea Malinao. (Jose Rivera! and Irenea Malin.ao are incorporators only) -Treasu1·e1·: Agripino Po oy, Jetafe, Bohol. THE PHILIPPINE CHARITY SWEEPSTAKES With the intensification of want and misery caused by hard times, and wi~h the ever mounting cost of public administration, it is the consensus among Filipino, American as well as foreign elements in the Philippines that the Philippine Government could not have adopted better means of raising funds for purposes of relielI and charity than by organizing the Philippine Charity Sweepstakes. A number of rieh and progressive countries have resorted to sweepstakes to look after their sick and needy. In an advertisement to legalize-lotteries and sweepstakes in the United States, which was pub. lished about a year ago in a magazine of large circulation there as well as abroad, the iollowing appeared: "France adopted a lottel'y to reduce its national debt; Italy to build railroads; Denmark to advance art and music; Holland to advance the sciences; Il'eland to finance the building of hospitals; Spain for charitable institutions; Germany to finance public improvements, etc.; England used to support its navy by public lotteries; early American Cl)lonies permitted lotteries to build schools, churches, and public works and improvements, such as canals, bridges, roads, etc. The Revolutionary War was in part financed with the proceeds of lotteries. Eal'ly buildings of Yale, Columbia and Harvard were built with the proceeds of lotteries."
397
The Philippines, struggling hal·d to achieve her freedom and stl"iving to keep her finances sound in meeting the increasing cost of government, couln. not remain indifferent to the sufferings of her masses and had therefore, decided to legalize the sweepstakes in face of what the other nations have done for the benefit of their own people. Thus the Philippine Charity Sweepstakes conducts its drawing and races under Act No. 4130. In previous sweepstakes held in the Philippines, small wooden ball s with numbe rs corresponding to the tickets sold wel·e used. Since the Philippine Charity Sweepstakes Office was organized counterfoils detached from the tickets disposed of were poured into a big cylindl"icn! drum inside of which powerful blowers aloe opemted to provide a thorough mixing. The whole appaz-atus is run by electl"icity. In the last sweepstake held in Manila l\Iay 16 this year a mechanical arm was invented to draw the countcrfoils through the use of suction tubes. Each counterfoil drawn is picked with a pair of pinchers by one of the judges of the draw, thc number on the counterfoil being read by him in a loud voice and then repeated before a microphone and bl·oadcasted by radio. In this way no hand touches the counterfoil, not even the balls conesponding to horses entered in the sweeps race. Since the establishment of the Philippine Charity Sweepstakes approximately Pesos 2,000,000 has been raised and allotted to charitable institutions and Pesos 4,200,000 distributed as prizes. The beneficiaries include the Philippine Islands Antituberculosis Society, which has dil·ect charge of the campaign to eradicate the white plague in the Islands; the Philippine Amateur Athletic Federation (P AAF) to help it complete the construction of various buildings at the Rizal Stadium for the building up of a strong Philippine Youth; the Federation of Women's Clubs of the Philippines, which partly looks after the proper care of babies and is fighting to reduce illiteracy in the provinces; and the Asso" ciated Charities of Manila whose work consists in salvaging families torn by dissension between parents and otherwise extending relief to them as 8 l·esult of unemployment and hard times. Other institutions that have l·cceivcd aid from proceeds of the Philippine Chal"ity Sweepstakes are provincial hospitals, Gota de Leche (Gout de Lait) Society, Philippine Boy Scouts, American Guardian Association, Damas Filipinos which maintains a Settlement
398
THE COVlMERCIAL & IN')llSTRIAL MANllAL
House, and a number of clinics and dispensaries which arc giving free service to the Filipino masses.
A Board of Tru stees at the head of which is the Hon. Antonio de las Alas, Secretary of Finance, controls the adminishation and affairs of the Philippine Charity Sweepstakes. The members of the board are the I·Ion. Secretary of Publ ic Works, MI'. J. Cuenco, the HOIl. Commissioner of Health 01'. Jose Fabella, a prominent Filipino Merchant in the person of Leopoldo R. Aguinaldo, and an equally prominent American business executive, H. 1\1. Cavender, who is the Philippine Agent of the Dollar Steamship Lines. The Han. Fabian R. !Hillar, several times elected as representative from the province of Tnyabas, is the general manager. With the completion of the Pesos 2,000,000 Santa Ana Park race b,\ack on the outskirts of Manila, the facilities now used by the Philippine Charity Sweepstakes for its dkw and races probably excel those of any similar enterprise in the world, thereby enhancing universal con~idence in this Philippine Organization whose motto is: WIN A PRIZE AND SAVE A L1FE. PHILIPPINE CHARITY SWEEPSTAJ:ES
1. 2.
3.
..
5. 6.
Manila Board of Tl'ustees Hon. Antonio de la!'; Alas, Secretal'Y Chairma.l1 Finance .. Hon. Mariano Jesus Cuenco, Secretary of Public Works and Communicail1embel tions Hon. Jose Fabella, Commissioner of J11embe) Health Membel' MI'. H . M. Cavender Member MI'. L. R. Aguinaldo Gen. 1I1g?'. Hon. L. Fabian R. Millar
PHILIPPINE COCONUT PRODUCTS, INC. H ead Office: Nagcal'lan, Laguna-Registel'ed: N'ovembel' 14, 1935-Term: 35 years-Business.' Factory for Coconut Oil, Desiccated Coconuts, Coconut Products, etc.-Na.tionality: FilipinO-Ca7Jitnl St.(lck; Pesos 35,000.00 dividcd into 700 shares of the par value of Pesos 50.00 each-Sl,bscl'ibed Ca.pita£:> Pesos 7,000.00-Capital Paid: Pesos 4,343.67; Casl!l: ... Pcsos 91.02; Property: Pesos 4,252.65-
Incorpol'ators and Dil'ectors: Candido Cariaga , Mauricio Marinas, Cipriano Luna, Camilo Veriliiano, Cnnliido l tomlba, Catalino Angeles, Dominadol' Angeles, Cipriano Ol'tega, Dnlmacio Monterola, Julian de Andres, Federico Kampitun, Juan Arcigal, Pablo Arceta and Epifanio P. Lucido, JHaul'icio Marinas, Catalino Angeles, (Dominadol' Angeles and Julian Andr es, arc incor]lol'UtoI'S only) - T"eas/t1'er: Jose Cariaga, Nagcnrian, Laguna. PHILIPPINE COMMISSJON HOUSE, INC. Hea d Office: Manila, Philippines-Registered: Octob~r 8, 1937-Nationality,' FilipirH)-Bltsi1l68S: 1'0 import and export 01' as factOl's, agents, com· mission merchants, etc-Ct"1)itol Stock: Pesos 100,000.00 divided into 10,000 shares of the pur value of Pesos 10.00 each-S1lbscribed and Paid--in Capital: Pesos 25,000.00-hlCO)·1)Orators: R. D. Molina, P. A. Bl'egendahl, Emerito M. Ramos, Alfredo Manas and Gregorio L. No\·iega. PHILIPPINE CURB EXCHANGE H corl Office: Crystal Al'cade, Maniln-Boal'll of Di)'(!cto}'s: CumiIo Os ias , President; Tomas Confessor, Vice-President; Jose Ledesma, Director; Ismacl Golez, Secretary and Treasurer; l\'lagdaJena Penu, Director; Jos!' de Jesus, Dircctor; Max Garcia, DircctOI·. PHILIPP I NE CUTCH CORPORA'I' ION Head Office: New York City-B?·a.llch· Zamboang&-Natioll.ality.' American-Blishlesil: Manufacturers of Tanning Material s-Established: 1927 - Principa.ls: Sig. Saxe, President and Trea su rcr: George A. KelT, Viec.President; Edward J. Kennel', Secretary; F. L. Zimmerman, l\lanagel'-Alttltori:ed and Paid-ill Capital: $250,000.00-PU1· Value of Shares: $100.00-Telegml'l! Address,' PhilcutchBatIk Reference: Il'ving Trust Company, New York; Chart~l'cd Bank of India, Australia and China. Cutch is a trade-name having no significancc. It is an cxtract mndc from the bark of severnl species of mangrove trees, whieh grow only in tropical tidal swamps, and is used for tanning and dyeing purposes. This extract takes its name from the pro\·ince or country of "Cutch" in fndiu from which the back was first obtained.
PHILIPPINES PHILIPPINE COTTON MILLS Head Office: 8 Muelle del Banco Nacional, Manila, P . O. Box 2S4-F«ctOl-Y: 1059 Dagupan, Manila- Business : Manufacturers of Philippine Cotton Cloth-Telegra7,h Address: Carbon or Madrigal-Code s: Bentley's Complete Phrase, Bentley's 2nd Phrase, Boe's, Acme, Scott's, A.B.C. 5th edn., A.B.C. 6th edn., Universal T rade Code, Westel'n Union 5 letter edition, Buenting's Code 2nd-General Managers: :Madrigal & Company. PHILIPPIN E DESICCATED COCONUT CORP. Head Office: 301 Fernande1; Bldg., Manila, P. I. Nationality: American-Business: Manufacturer of Desiccated Coconut--Establishccl : February 3, 1922 -A1tthodzed Capital: $100,OOO.00-Paid Up Cap. ital: $78,500.00-Par ValM of Shares: $100.00_ TelegJ'Uph: Phildeseo - Codes Used: Western Union 5 Letter, Bentley, Acme-Branch Office: Zarnboanga, P. I.- P l"inetpal J . D. McCord, F. I. Worcester, G. T. Herrmann, N. J. Belden, C. H. Sleeper-Ba1!k Refel"encc: National City Bank of New York; Chartered Bank of Indin, Australia and China.
399
PHILIPPINE DREDGING CORP. Head Office: 206 Arias BIag., Manila-Registered: June 2, 1936-Tel'm: 50 years-Business: Harbor Works, Dredging, Filling, Reclamation of Public and Private Lands and the Bu si ness of Engineers, Contractol's and Dealers in Machinery and Appliances, ctc.-Natiol1ality.' American-Capital Stock: 100 shares without par value-Sltbscl"ibed Cr:£pital: 100 shares without par value-Capital Paid: Pesos 500.00-Incol'pOl'atol'S and Dil'cctors: Jerry O'Toole, Walter E. Olsen, Jose S. Tiaoqui, T omas l\1apuu and S. l\Iel'cado-Treasurer: Jose S. Tiaoqui, Manila, P. I. B. B. PH I L IPPINE DRILLING CO. Head Office: c/o Gibbs, McDonough & Ozaeta, Manil a-Registered: March 16, 1!)36-Terll~: 50 yeal's-Business: To Operate Diamond Core-Drills and all other Kinds of Drills, Necessary to Diamond Drilling and to do a General Diamond Drilling Business-Natiolwlity: Canadian-Capital Stock: 5,000 shares of the par value of P esos 5.00 each-Subscl"ibed Ca7Jital: 1,000 shares-Capital Paid: Pesos 1,265.00_ h lcorporato'l"S : L. Jessen, Frank E. Blanc,
\
PHILIPPINE CURB EXCHANGE CRYSTAL ARCADE, MANILA
Board of D irectors:
CAMILO OSIAS, President TOMAS CONFESOR, Vice-President JOSE LEDESMA, D irector ISMAEL GOLEZ, Secretary & Treasurer MAGDALENA PENU, D irector JOSE DE JESUS, D irector MAX GARCIA, Director
400
THE COMMERCiAL & IN DUSTRIAL MANUAL
Anna McConnell, L. A. Barretto and Vicente Basallote-TrcasllI'cl': A. J. McConnell, Manila, P. 1. PHILIPPINE & EASTERN (P. 1.) TRAOING CO., INC. Head Office: Baguio, Philippines- Registc)'ed: Deccmbel' 4, 1936.-TcnJl: 50 years-Bllsiness: Merchandising - Natiollality: Filipino - Ca.pital Stock: 1,200 shares, of which ],000 arc preferred shares o( the pnl' value of Pesos 20.00 each and of which 200 arc common shares, non par valueSubscribed C(1)itu l: 240 Shlll'eS-C(~pital Paid: Pesos 3,OOO.OO- hworpo/'ulo/'s: Leopoldo Mabansag, Macurio C. Rebodos, Benito G. Oastro, Vicente Capit ie and Geminiano Cnees.
PHI LIPPINE ECONOl\Il C CONFEDERAT ION Head Office: Dumaguete, Negros OrientalReuishm~d: August ~, 1937-Nationality: Filipino -Busilless: Buying and selling gener al merchandise, etc- Capital StocR.; Pesos 300,000.00 divided into 1,000,000 shar es of the pal' value of Pesos 0.30 each-Subscl'ibed Capital: Pesos 61,800.00Capital Paid: Pesos I6,800.0~; Cash: Pesos 600.00; Prope)·ty: Pesos 16,200.00 -h r~ol'J)ora tOl·s: Norber to Amigo, Gaudencio A. Baugh, 'Maria Davis Amigo, Patricio Pinero and Mercedes Largo Cajigas P HILI PPINE EDUCATION CO., INC. Head Office: 10t-l03 E scolta, l\laniJa-Nalio1!ality: Americun-FilipinO-B!tsines8: Generd Merchants Handling Books, Maguzines, Stationery, Novelties, Candies, Paper, Printing Inks, Rubber Stamps, Job P l'inting, Toys, etc.-Esfl/blished: ,1.904 -P1'inci,>al: Vel'ne E. Miller , Pl'esident and Gcnel;al Manager- A Hlhorizul Capited: Pesos 2,000,000.00-Paid-in Cal)il(t/: Pesos 1,690,600.00-Par Vai'ue of Shal'CS: P esos 100.00- AgCl/ts fol': Ginn & Company; l'.-IucMillan Company; Noble & Noble; American News Company; Butterick Publishing Company; Paper and Stationery l\l anufacturers, Powell River Co.-(paper); J oseph Dixon CI'ucible Co.; Boorum Peuse & Co.; American Technical Society; P. F. Colliers & Son Co.; Prentice Hall, Inc.; Macfadden Publicntions Inc.; Cu rtis Publishing Co.; Crowell Publishing Co.-Telcgra,ph: "Pecoin-Ballk Refe )'c?lt:e: Chartered Bank of I ndia, Australia & China; Philippine Nat.ional Bank; The Chase National Bank of New Yor k: Irvington Trust Company of Irvington, N. J.
P H ILIPPINE EXPORTINC AND CO., I~C. OF NEW YORK
HlIPORTING
H ead Office: 630 Fifth Avenue, New York City -Branch: Rockefeller Centel'-Ma,lIl'la, Office: 501 Fel'llandez Building-NaUlHw lity: Ameriean-Bu8i~ 1Iess: CenCl'al Impol·tel's and Exporters-Exdu8ive Manufacturcl's' At/clIIs 1m' and Dish·if.butors of: Petroleum and Allied Product.s; Iron and S~el Products; Chromit.e Ores ; Cotton Goods; Ae:ricultural and Farm Implements; Motol' T I'ucks and Tractors; Mining and COCOllut Machinery; Utility Equipment; Sugnl' Centrlll); Equ ipment; All 'Pypes P um ps and Pipes; Paper nnd Allied Products; All Types Paints Machinery; Tires and Rubber Products; Copra Dairy Products: Flour Genel'al Merchandise-Agent8 hi: San Francisco, U. S. A.; Belgium, Canada; Fl'ance; Gemlany; Gl'ent Britainf!;slavlil:Jher/: 1936- P)'illcipuls: POI'fil'io U. Sevilla, President, New York; Sofl-onio Abr era, Vice President; P aulino U. Sev illa, Treasurer; Resident Manila l\Iana~er-AfleJl IS For: The Globe Company, Chicago; The A. P. Smith Manufacturing Co., N. J. -TclegJ'(tl)h Adcll'ess: Porsevilla-Bank Refere/lce: The Chase National Bank , New York City; Philippine National Bank, Manila-Jl/anilfl Oral/elr Office: 501 Fel'llandez Build ing, Manila. The Philippine Exporting and Importing Co., I nc. of New York WII S incol'porated according to the laws of New York State, dealing in general impol·tinlt and exporting between different nations, specially bet.ween U. S. and the Philippines. It is a Filipino controlcd and managed corporation.
PHI LIPPINE FA BRIX CORPORAT ION Head Office: Sta. Mesa, Manila-Regist6J'e(Z: l4.ugush 20, 1937- Nalimwlifl/: Filipino- BttsiI16S8: To manufacture all a r ticles the eh ief components of which are rubber and cotton, etc.-Cetllital. Slock: Pesos 10,000.00 divided into 1,000 shares of the par value of Pesos ] 0.00 cach-Srtvscl"ibel! CapiUli: Pesos 7,OOO.OO-COllitu/ Paid: Pesos 5.110.00-/11cOI'porators: Enrique Razon, Pablo Lorenzo, Antonio 1\[. Gonzalez, Cal'men S. de Af,"Uado, Alberto V. Garcia and Alfredo Gruet. P HI LIPPI NE F I BER PRODUCTS, INC. Head Office: E seo Building, Manila- Regisle)'ed: Apri l I, 1935-T~u-m: 50 years-Bllsincss: To Manufacture and Sell all Kinds of Abaca and other Fiber Products, as well as Combinations Thereof with other P roducts-NatioJlality: American-Ca.p· ital Stock: Pesos 75,000.00 divided into 750 shares
PHILIPPINES
401
The outstanding event of the year in the Far East-
1938 PHILIPPINE EXPOSITION AT
MANILA, PHILIPPINES FROM FEBRUARY 12 TO 27, 1938
W ill be more comprehensi ve and truly representative of the Phili ppine Islands' progress in See Article on page 89 of Fiw Section of the Manual For
AGRICULTURE, COMMERCE AND INDUSTRIES.
Further Details
Keep the dates in Mind:
February 12 to 27J 1938
402
THE COMMERCIAL
&
of the par value of Pesos 100.00 each-Subscribl:ld Capital: Pesos 15,OOO.OO....:..Capitat Paid: Pesos 10,700.00, Pesos 3,597.73 in ca sh ; Pesos 7,102.27 in pl'operty-hzcorporatoTs and Directors: Frank H . H ale, Antonio Vallej o, P. A. Santiago, E. A. Schrameek and Pat ricio Guzman-Treasztru: Patricio Guzman, Pandacan, Manila.
PHILIPPINE FISH PACKING CORP. Head Office: 709 Juan Luna, Tondo, ManilaRegistered: June 18, 1936-Tc)"m: 50 years-Busi,zess : Fishing Industl'Y; To Engage in the Canning Industry, and the Sale of Canned Products to Local as well as Foreign Markets, etc.-Nationality.- FiJipino------Cupltal StocJ..~: Pesos 300,000.00 dividC!d into 3,000 shar es of the pal' value of Pesos 100.00 CIlchS11bscribecl Ca1)ital: Pesos 60,000.00-Cal)ital Paid: Pesos 15,OOO.00-I1.!col·poJ'ato)"S and DirectOl's: Mi· guel Unson, Leopoldo R. Agui:mldo, Vicente Madl'igal, Wcnceslao Tl~vidad, Rumon Fernandez, Yasaku Morkuma and Yoski Kurikllmc-T?·casU1'e,.: Miguel Unson, 1201 Ca11 ornia St., Manila. P HILIP P I NE FREIGHT FORWARDERS ASSOCIATION Head Ollice: 529 Aviles, Manila-Registered: June 3, 1936-Tenn.' 25 yeal's-Btlsiness: To Con-
INDUSTRIAL MANUAL tract for t he 'rransp~rt.ation. Caniage, and For\\arctinv, of Goods, Ware'!;, MC!I'chandise, Valuabl~s and any Package or Parcels of any Description, etc. -Na tionality.' Filipino-Capital Stock: Pesos 1,000,00 divided into 100 sharC!s of t he pal' value of Pesos 10,00 each-SubscJ'jbed Cal,itai: Pesos 200.00 -Cal)ito.i Paid: Pesos 50.00-/'11COrp01·atoTIJ and Directors: O. B. Steven, A. M. Simpson , Marga1'et Simpson and P. Z. Cabnlle!;-TreuslU'er: O. B. Stcvpn. Manila. PHILIPPINE GREYHOUND CLUB, I NC. Head O/iice: De los Reyes Bldg" ManilaRegisterecl: July 18, 1935-Term: 50 yeal'~Na. NQJlality: American-Cal)ital Stock: Pesos 1,600,00000 divided into 7,500 shares of the pal' value of Pesos 200.00 each-Subscl'ibed Capital: Pesos 300," OOO.OO-Ca.pital Paid: Pesos 75,OOO.OO-/ '1lcorporatOl'S and Directors: R. W. Ring, Herbert H, H ilscher, .John C. Robb, Jose Moreno and Jose DUl'emdesT,'easlU'el',' R. W. Ring, Manila. P. L THE PHILIPPINE HOSAN CHI NESE ASSOCIATION Recul Ojlice: 236 Carvajal, Binondo, ManilaR eyist el'ecl.' October 14, 1935-TsI'11l: 50 ye3l'S-
PHILIPPINE FINANCIAL NEWS INTER-OFFICE INFORMATIO N SERVICE
601 ESCOLTA-MANILA
TO OPERATE YOUR BUSINESS WITH ECONOMY -
YOU SHOULD SUBSCRIBE TO
THIS NEWS SERVICE
PHILIPPINES Nationality: Chinese--incorpo)'a.tol's a.nd Directors: Yu Tiao Kun, F. M. Verano, Sun Kim Kia, Lao Uh Cuan, Lim Leng Un, Sun Keng Po, Tan Chin Haw and Soon Ho Lo-T,'easU)'el': Sun Kim Kia, 226 Gandara, Manila. PHILIPPINE INDUSTRIES DEVELOPMENT CO., I NC. Hea d Office: 326 Samanillo Bldg., ManilaHegistel-ed: September 11, 1935-Tei/'m: 50 yearsBILsiness: To Stimulate, Announce, Promote, Develop and Exploit the Different Ind\!stl"ies of the Philippine Islands with all their Aspect Forms and Systerns-Nationality: Filipino-Capital Stock: Pesos 1,000.00 divided into 100 shares of the par value of Pesos 10.00 each-Subscribed and Paicl CU'1Jital: Pesos 200.00-incol"pOrat01·s and Dil"ecto)'s: F. de 10. Cantera, A. M. Rosado, O. M. Suman, G. Asanza and Jose Galan Blanco--Treasurer; F. de la Cantero. , Perez Samanillo Bldg., Manila. The members of the Board of Directors and Committee are eaeh month furnished by the General Managers with a Balance Sheet, Profit & Loss Ac-
403
count, Statement of Production Costs and a Progress Report, so that they are fully advised as to our activities. During 1935 we shipped 310-544 tons of iron ore and 588,638 tons during 1936, an increase of 278,094 tons, or about 90%. The overburden has become quite a problem and we decided, after due consideration, to cut down expenses by buying a % cubic yard Bucyrus-Erie Diesel operated shovel, the cost of which we can save in about one yeal"s operation and at the same time move the overburden much faster. We constructed during 1936 several houses for laborers, many of the present houses were made into two story houses. a bowling alley and recreation hall, storage bins fol' ore, repair shop extended, instAlled a 60 horsepower M.A.N. engine and ge"'leratol' bought from San Mauricio Mining Company, and the small Skandia engine moved to Calambayanga to supply lights for the pier, completed extension of the pier so that it Cfluld take another hoa t like the Manila Railroad boat or the "Atlantic Gulf"
THE PHILIPPINE GUARANTY CO, INC. (Incorporporated Under the Laws of the Philippine Islands in 1917)
Balance Sheet as of December 31st, 1936 ASSETS
~~lt~~~~I~~~.$: : .. Investmenu Stock and Bonds .. Sundry Assets ..... Cash on Hand :and in Banks.
Total Aneu . .
-I ' 957.884.77 118,633.65 1,1)8,3)8.55 64,140.44 760,904.11
1'),039.901.52
PROFIT AND LOSS ACCOUNT Rel'enues: Premiums, (Less Reinsur:ances) Interest, Dh'idends, Erc. Balance Brou8ht [rom Pre,·ious Year..
" 453,352.69 171.07
'I ' 453,52l76 Expenses: CI:lims Paid... . .............. . ......... f> 35,794.79 Salaries, Commissions, Ap~rtionlDent to F Pe~sion Fund .and General Expenses.. . 163,778.11 UlTIlCUre and Fixtures............... , .. 263.00
LIABILITIES Capita!. . Reserves: Statuton' Reserve .. Genera! ' Reserve . il'll'es(l'Ilen( Reserve .. Premium Reserve . Employees Pension Reserve .. SundTl' Liabilities ... Balance (Surplus) ..
Total liabilitieS . .. Taxes ........ . ... . ... . ... . . Dividends 10 Shareholders .. Transferred to Reserves ........ . .. ..... . Depreciacion .and Loss on In,·estments .. Balance Carned Forward .. .. .. ' . .. . .. .
1'1 ,2W,000.OO 470,893.93 860,106.07 100.000.00 127,607.49 157,732.84 73.034.62 526.57 P),039,90l.S2 16,401.8') lW,ooo.oo 85,000.00 1,759.44 526·57 'I' 453,523.76
Dividends per Share. :p 1.20 High . Inactive Lc:!w . . .. •. .. . ' ... .... . .... ' .' .. .. •. •. .. .. . hlacrivc Dh'idends Payable in March, June, Sept. and Dec.
404
TH E COMMERCIAL & INDUSTRIAL MANUAL
besides the regular ore boat, and began construction of n cine. The hospital was renovated to give extra bed space and an X-Ray was ordered . Ml" Kihlstedt, our Geologist, I'CPOI'ts that ex-
ploration and development work hus been going on at the same time with the mining. While d r illing for water, magnetite orc was found. Also, as mining progressed below the zone of oxidation, morc magnetite showed up in the ore. A magnetometer was purchased and the entire Lurap Peninsula was surveyed. Stl'ong indications of magnetite ore were found in orc bodies being mined and in ore bodies not yet developed. It was decided to use diamond dr illing to get more information a bout this magnetite ore. The magnetite survey showed that much of the stl'uctural geology in the southe)'n part of Larap is different yrom the previous conception which was based up~n the outcr ops and trenches. It is, thus, not possible, to make a fairly accurate estimate of ore reserves'entil the diamond drilling has been completed. The condition of the mine in general as regards developed or e reserves is satisfactory and sufficient or e i exposed at present to take ca r e of production for even"!i yea r s.
We bcgan drilling wells to find more water . Only one well was found to contain fresh water after drilling about 150 feet. The flow is about 40
gallons pel' minute but will not be used until we get a deep welI pump. P HILI PPINE IRON MINES, INC. OUl' net earn ings fOl' the yell I' 1936 wert: P~sos 720,496.27. Dividends amounting to Pesos 500,000,00 (25 % Oil' Paid-in Capita l ) were Imid on Common shareg and Pesos: 156,849.11 on Preferred, As may be seen from the Balance Sheet, adequllte amounts have been set up for the necc!;sary reserves and as required by the By-Laws.
The Company is investing its Reserve Pt:.nd in the- pUl'chase of Pl'eferred shares of our Company, At the end of the yeal" we had purchased ] ,061 shal'es at par and accrued interest alld in J anuary, 1937, we purchased an additional 2,600 shares, T hese shares arc eal'l'ied on OUI' books as an investment and serve the purpose of a Sinking Fund for the reti r ement of our Preferred shares. It. is the intention of the Board to continue with the purchase of Pl'efelTed shares from time to time out of our Reserve Fund. 1(ul"ing tht! year we paid off in full the item "Notes Payable, Pesos 206,000.00" appearing on t he Balance Sheet of December 31, 1936, Ilud which represented the balance due the Gencl'lIl Managers for advances made the Company for the purpose of the instidlation of our plant.
PHILIPPINE IRON MINES, INCORPORATED Balance Sheet as at June 30, 1937 L1 A BlllTIES Current Liabilities J'75,286.55 Accounts Payable .. 62,109041 Accrued Wages, Taxes, Etc.
ASSETS Current Assels Cash on Hand and in Banl.:s .. "1 69,045.61 <lI ,}OOA2 Accounts Receivable., 101,909.99 Inventories Total Current Assets.. Fixed Assets- Net Book Value .. '1 '1589,S57 .76 Mining Properties. 253,STI.49 Machinery and Equipment. 197,S5J.4} Buildings .. 6,218.27 Furniture and Fixtures .. Construc.ion and Development .. 456.545.95
" 312,256.02
Toul Fixed Asscts-Net Book Value. Dderre<l Charges.
2,504.352.90 71,085.81
Total Current Liabilities , Resc:n'es.. Net Worth Capital Stock Authorized ... , . 'Pl,400,OOO,OO Surplus ... , 110,183.29 Net Worth-June 30, 1937 .
1'2,S87,694.73
P137,395.96 240,11 .5.48
2,.510,IS3,29
PHILIPPINES PHILIPPINE LONG DISTANCE '1.1ELEPHONE COMPANY Head Office: Manila-Natiouality: American-Business: Public Utility Operators-Principals: T. V. Halsey, President; .J. E. H. Stcvenot, Executive Vice-President and General Manager; T. L. Hall, Assistant General Manager-Alltho)-jzed Capi/at: Pesos 10,OOO,OOO.OO-Paid-in Capital: Pesos 7,200,000.00Par VlIlilC of Slta1'es: Pesos lOO,OO--Telegm'l'h Address: Longdistance-Bamk Re/e)'ence: National City Hank of New York; Bank of the Philippine Islands; etc.
PHILIPPINE LUMBER EXPORTATION CO., LTD. Head Office: Kobe, Japan-Bmnch: Tokyo, Japan; Manila and Cebu, P. I.-Nat'ionality: Japanese -Busines8: Manufactul'crsj Exporters of Philippine Mahogany and Logs-Es~blished: ]921 in Manila; 1936 in Ccbu-Principal: M. NishinG-Auth orized and Paid-in Capital: Yen I,OOO,000.00-TelegrlL1)h: "Nibiki"-Ba11k References: Yokohama Specie Bank, Ltd. PHILI PPINE LUMBER MANU ACTURING CO. Head Office: 16 Calle Soler, Binondo, ManilaNationality: FilipinG-B1UIiness: Saw Mill & Lumber Manufacturers-Esw.bli8hed: 1919-Principuls: Dee C. Chuan, George Dee Se Kiat, Mrs. Gan Tiao, Gan Fan, Francisco Gochuico-Authorized and Paidin Capital: Pesos l,OOO,OOO.OO- Pa,· Value of Sha1'es: Pesos 100.00-Agents f01": Dee C. Chuan & Sons, Inc.- Telegl·aplL: "Mahogany"-Codes: Bentley's; Acme-Trade-Mark: P. L . M. Co."-8ank Reference: China Banking Corporation; National City Bank of New York; Philippine T rust Company. The crude anthem of the saw furnishing as it were the only fitting theme for mill-song is the one salient motif in the wide, expensive settings of the Philippine Lumber Manufacturing Co., Inc. Philip-
405
pine Lumber is lead-lumber manufacturer and dealer in Manila.-Wood and wood curios as coming fl'om the Philippine Lumber mills invariably exudes that patent of perfeet seasoning which makes them the favourite among local building contractors and en· gineers engaged on a commercial building progt'am PHILIPPINE MANGANESE MINES A ND RAMEDA MINERALS Head Office: 323 Crystal Arcade, P. O. Box 2913, Manila- Registered: January 7, 1937-Tenn: 50 years-B1Isi1less: Mining-Natio nality: Filipino Ca-pital Stock: Pesos 200,000.00 divided into 20,000,000 shares of the par value of Pesos 0.01 each/l1co"porators: R. V. Ramos, D. B. Ambl·osio. Guillermo Z. Villanueva, Ricardo Ablang, Mrs. Muuro Mendez, Jo~e G. Pardo, Jose Paris, Franci sco P PeUicer, Domingo T. Dikit, Joaquin Luciano, Enrique Caguiat and Domingo C. Basclll·a-DireceQ,·s: R. V. Ramos, President and General Manager; G. Z. Villanue\'a, Vice-President; :1\11"s. Mauro l\lendez, Secreta~-Treasurer; Dominador B. Ambrosio and Joaquin Luciano, Directors. The Philippine; Manganese Mines, Inc. owns 50 lode claims located in Burgos, I1ocos Norte, and has an operating contract with two other groups located in Burgos and Pasuquin, I1ocos NOl·te, districts known to contain some of the richest manganese deposits in the country. Rameda Minerals owns 55 coppel' and chromite claims in Burgos and Pasuquin. The properties of both companies are now under intensive development. The Philippine Manganese Mines, I nc. will ship shortly 2000 tons of Manganese to Japan. Rameda j\'Iinel'als will ship copper and chromite to Japan and the United States. Aside ft'om manganese, topper and chromite, the claim!'; of both companies also contain asbestos and iron. Of the Rameda Minerals, part of the Field Manager's report is as follows:
PHILIPPINE MAGAZINE .., Leading qua lity monthly of the Philippines of wide circulation th roughout the Islands and abroad. Devoted to Philippine and Far Eastern affairs; Philippine industry and commerce, arts, letters, and science; fiction, poetry. Recognized as one of the leading advertising mediums in the country. A.. V. H . HAR'rBNDORP, Editor (Jlld PtlhliJh~ r Fourth Floor. Uy Yet Building Post Office Box No. 2466 217 Dasmarinas Street Manila, P. I.
THE COMMERCIAL & INDUSTRIAL MANUAL
406
Four veins of copper have been uncovered, two of which arc now under operation. The Loreto v1::in is vcry strong. One sample assays 26 % and I hope to find a higher grade as we dig deeper "The Paman pa ntuca n Group is yielding a good quantity of high grade chl'omite. In Tulnagan, we
have discovC!r ed two morc deposits. are fou nd C!verywher e.
Chromite floats
"We have 300 tons of copper and 1,000 tons of chromite ready for tnl.nsportation to the port." Both companies have constructed roads and bridges to the dif(e l'cn~ groups of claims, which are now accessible to motol' tl'uIfic. Camp houses, officer s' qu a rters, and washades have been finished. Both companies have a bodega in Port Diriquc, Ilacos Nor te. With rcgards to t he properties of the Philippine Manganese Mines . 111,., Engineers Thomas Breslin and Fulgcncio Consola ion sa id t he f ollowing : " Thc cntire property. is wcll mineralized w ith are bodics in thc fOl'n1 of oxides. The orcs of mangallese are in thc mincral state of manganite, pyrolusite, and pl'islomeclane. The ch r omite is of various ~ rad cs . T he iron is ill mite a d limonite.
"The to pogrnphy of your property is very good. Rolling hills and low mountains slope down the seashore. The climate is very mild, although it showers very often.
PHILIPPINE l\IAGAZI NE Head Office: Uy Yet Building, 217 Dasmariilas, Manila-Business: Monthly General English Lang uage Magazine-Editor Ilnd PlI blisher: A. V. H . Hartendorp. PHILIPPINE MANUFACTURING CO. Head O ffice: 244, David, l\Ianiln, P. O. Box 1163 - Branches: Iloilo, Ccbu, Lega spi- Factory: 1120 Vclasquez, Manila-Nationality.- Amcrican-Busi_ ness : Manufacturcrs of Soap Etc.-Capital: Pesos 2,000,OOO.OO- Banlc Reference Hongkong & Shanghai Banking Corp.-Mallager: .M I'. Berl路y. PHILIPPI N E MAHBLE CO., INC. H end O.ffil'P: 3rd. Flool', YutivQ Building. MalIila_ qIlG1Tie8: Romblon-DiyectOJ'S: Dr. A. D. AIvir, D,路. J. V. Bagt.-ls, Don Vicente Lopez, Ha n. Gabriel F abeila, J udge F. A. Delgado, J. Gonzalez, F. H. Ste"en8-0jfic61'S: Dr . A. D. Al vil', Pre~ident; DI路. J. V. Bagtas , Vicc-P"csidcnt; Atty. J GSC D.
PHILIPPI,I>JE MANGANESE MINES, INC RAMEDA MINERALS 323 Crystal Arcade, Manila , Philippine Islands The PHILIPPINE MANGANESE MINES, INC. owns fifty ( 50) lod e claims of man ganese, chromirc and asbestos in Burgos , Jloc05 None. RAMEDA MINERALS owns fifty (50) lode claims containing copper, man ga nese, chromirc and asbestos in Pasuquin and Burgos, l1oe05 Norte:. Sa mples exam ined by the assay laboratory of the Philippine Government Burea u of Science give th e following assays: MKGANESE
Sample 1 Sa mple 2 Sample 3 Sample 4
COPPER
51.)5% 54.18%
..... .. ......
Sample 1 Sa mple 2 Sample 3 Sample 4
49.0)% 48.85%
.... 56.02%
...... n.02o/c .... ... 29.4) % . 65.05%
.. . ...... CHROMIUM
Sample 1 Sample 2
. . . .. 53.21 % .. .. 49.75 %
PHILIPP INES Aivir, Secretary .Treasure r; Atty. Modesto T. Flores, Asst. Secretary . OncAt.;IZ,\ TION
The Philippin e Marble Co., Inc., is a corporati on dul y organized under the laws of the Philippin~s with a capital of 2,000 shares of no pal' value. This corporati on was finally incorpora ted on the strength of a continuou s study and investiga tion for the exploitati on and developm ent of marble claims in Ramblon. POI' years the marble industry was not known in the Phil ippines, and although marble deposits are too well known in these Islands, local business geniuses had not taken the initiative of establishi ng the marble industry. The organizers of t he Philippin e Marble Co., Inc., after severa! months of study and investigat ion of the rich marble deposits in Romblon Province, were convinced of the existence of the i'qexhaus tible marble deposits in the said Islands which were of high commerci al vallie comnarable to those of the United States, Italy and othel' foreign counq'ies producing marble. Therefore , in 'Jl'gnnizillg the Philippin e Mnl'b!e ro., Inc., the organizer s have no other purpose than to establish an industr~' which wag heretofor e unknown in this country a nd to \elp the economic developm ent of the Philippin es. \ PROPERTY The Philippin e Marble Co., Inc., is the owner of almost all the marble claims on the Island of Romblon and neighbori ng Islands. Claims wer e staked and registered in December of last year and then restnken in February of this year. Other companie s and groups of individua ls have tried to stake marble claims in Romblon last April but t hey were too late. The Corporati on has the exclusive right to the occupancy , possession and beneficial use of the said marble claims and guarante e.'i that it has the full legal right to the use, possession and enjoymen t of the said claims as well as the right to appropria te and remove the marble found therein. The Company owns a total of 37 claims with a total area of 2,036 hectares. PHILIPP INE MATCH COMPAN Y, LTD. Head Office: Manila-N atio1taLity : Filipino Business: Match Manufacturers-E stablished : 1926 -Princip als : G. Klinger, President and General Manager, E. A. Perkins, Vice.Pres ident. V. Hannel, Secretary , E. de la Los, Treasure r- Authorize d Qnd Paid-in CapitaL' Pesos 700,000.00 Par Value 0/ Share.,' :Besos 500.00-A nnual Tu.rnover.' Pesos
407
1,700,000 .00·-Tele gl·aph: "Matche s"-Codes .' Bentleys'; A. B. C. j Universa l T r ade-Ban k Referellc e: National City Bank of New York; H ongkong & Sh anghai Banking Corporati on. The factory of this company was built in 1905 by Gsell Brother s of Zurich, Switzerla nd. The coml)any was incorpora ted in 1914 under the style of Philippin e Match Factory, Inc., and in 1916 was bought.up by the Swedish Match Company and incorporate d under the present style, and at the pre· sent time employs about 1,000 hands. PHILIPP INE MEDICA L PROTEC T ION, INC. Head Office: 408 Samanil lo Bldg., Mani la-Registered: Novembe r 14, 1935-1'e1'111: 50 yeal'l!Busincss: General Hospital -Natio1iality: Filipino -Capita l Stock: P esos 10,000.00 divided into 100 shares of the pal' value of Pesos 100.00 each-Su bscribed Capital: Pesos 4,500.00 -Capital Paid: Pesos 2,lOO.OO- inc01·lJOratol·s alld Directors : Leondies Lopez Lizo, J. Abad-Lop ez, Renato Ma. Guerrero , Edmundo A. Reyes, Alfon so Ayesa, Celedonio Franci sco, Alfred9, G. Legaspi , F. N. N. Gonzales, A. W. de los Reyes, Emilio Gonzales Jr., Castol' Suria, Arturo .L. Quintos, Tri stan Ma. Gue1'l'ero, J ose S. Jose and Vicente Delfin. (Arturo L. Quintos, Tris tan J\·fa. Guerl'ero , J ose S. Jose and Vicente Delfin are incorporato rs only)-T1 'easnl'el' : Edmundo A. Reyes, l\Ianila, P . I. P . I. MINI NG-MAC H INERY & ELECTR ICAL SUPPLY CDMP ANY Head Office: 101 Echague, Manila-B raJ/ch: Bagui('}- Nationali ty.' Filipino-B lIsiJless: Mini ng Machiner y and Supplies -Establis hed: 1936- Pl'incipals: E. A. Boyens, S. Stadll!r, T. Carios, E. Riviel)ra,-Authol'i~ed CapitaJ: P esos 500,000.0 0Paid-iJ/ Capital: P esos 100,000.O O-Par Value oj Shal'l'!8: P esos O.lO- Annual T,lrnover : P esor 500,000.00· liescrt'lt: Pesos 100,000.00-Tcle!1l 'a'p h: " BallmiU" -Codes: A. B. C.; Bentleys; Ol'ientalBank Refel'etu! e: Peoples Bank & Trust Company ; Yokoham a Specie Bank, Ltd . Nedertlan d Handles Bank. PHILIPP INE MINERA L MINING CORP. Head Office: 408 Masonic Temple Bldg., Escoltn, Manila- Authol-iz ed Capital: Pesos 49,500.00. Divided Into 4,950,000 shares of Pesos 0.01 each-D i. rectors: Manuel Urquico, President , Fermin S. Torralba, Vice.Pres ident, Sotero Baluyot, Director, J ose Cojuangc o, Director, Francisco Dayaw, Director,
408
THE COMMERCIAL & IND USTRI AL MANUAL
Jose G. PlIl'do, Director, Ambrosio Pablo, Director, opened the way for a new use of t his alloy, n amely the Chrysler and Empire State Building. In the Gil l\'fontiJIa, D irector, Jose Gutierrez David, Director-Officel's: Sotel'O Batuyot, Manager, Jose G. Philippines, t he Crystal Arcade Building is t he first Pardo, Secretar y, Francisco Dayaw, Treasul'cr-- to use chromium for ornamentations. -Batik Refe)'611ce: Philippine National Bank- At路 It is also used in packing plants, factories, tOl'ney: Jose G. Pat'do. hotel s, restaurants, and in every industry where t he 1' hc Philippine chrome, fl'olll indications borne organic acids found in Vegetables, fruits, fish and out by available figures, bids fail' to outsale the meats stain and cor rode metals hi therto used in pots, two world sources of supply of chrome ore, New Cn- pans and other utens il s. ledonia a nd Southern Rhodesia. The percentage of ORGANIZAT ION AND CA PITAL IZATION: chrome orc foun d in the chromite r egions in t~c The. Philippine Minera l Mining Corporation was Philippine I slands is considerably high. The chromic-oxide content of Philippine Chromite is high incorporated on AP1'il 13, \ 935. I ts object is to engage in the mining of valuable metal s which are lin propor tion to its iron contents. found in abundance in the Philippine Islands , princiThe discovery of chromite in Zambales during pally chromium, manganese, iron, asbestos, gold and the time of Governor General Wood brought the other ores of commercial value. pI'ovince into prominence a nd is now r ecognized flS Among the incorporator s are H on. Gil Montilla, one of the richest chro~lite regions in the world. The salability of chrome or e depends upon the Speaker of the Philippine Assembly and other reputgrade and quality of ore . A high grade and quality able Filipino bus iness men who have been successful of chrome ore will always .(ind a ready market any- in their respective line of activity. where. In t he United States, the world's biggest Senator Baluyot, a civil engineer with considerconsumel' and one of the smaUest producer s of thi:> able mining training and experience and who is well metal, the demand is increasin, in the same propor路 known, in the mining circle for hi s various active. tion as its uses a re becoming more general. The automobilc plants and airplan,e factories in the United States, are on the lead in so far as the conDo nOt merel y ask for Matches .. sumption of chromium is concel路ned. In ] 933 thl.' United States imported from different countries Lea rn to insist on or specify for 116,511 long tons of crude chromite valued at $1,426.00. PHILIPPINE MA DE MATCHES The quotntions chrome or e from New Yol'I, Market show two base figures, to wit: One, on ore containing from 45 '/1, and the oth!:!1' on ore con taining from 48'禄( to 50"/r. 'l'here. is a p"emiu m paid if it runs below the base figure. . 'rh e pl'ice of chrome ore, i.o.h. New York. l'anges around $16 pel' long ton, although it has been as h igh a s $200.00 when the supply was at its low ebb. The world's deposit s of this metal are widely scatter ed an(1 are, for the most part, small and of low grade. USES OF CUROMIUM
The most common use of chromite is in the manufacture of sta inless steel. It is used as a setting for jewels, in the building trades, for cutlery and in eount.less other forms where its non-corrosive properties and its high lustre add service and beauty. Two of the most modern buildings in New York had
"SUNSET" "SENORITA" "LIWAYWAY" "RIZAL" These matc hes are 100% Phi lippine products, most reliab le, cconomical, efficient
and sa fe to use. ON SA LE EVERYWHERE
Philippine Match Co., Ltd. MOllujocturtrJ 1/7 DlStrlblltor!
PHILIPPINES mining en'tel'prises, is the Manager of the Corpora-
tion. The capital of the Corpol'lltion is Pesos 49,500.00" divided into 4,950,000 shares of a par value of Pesos 0.01 eacb. The subscribed capit!!.J stock to date is Pesos 19,499.99 of which the paid up is Pesos 6,250.03. I n the opinion of Manager Baluyot, the method of mining of chrome ore is so simple that it does not require heavy capitalization like the mining of gold and allied metals. This explains why the Philippine Mineral Mining Corporation carries to start the present initial capitalization. However, as soon as the Corporation can secure from the Government the evaluation of its claims in Zambales, the Philippine Mineral Mining Corporation will increase its capitalization to not less than Pesos 1,000,000 capital stock. Permit to sell shares was granted by the I n-sular Treasurer on July 12, 193~ In Zambales, the Company's holdings consist of 235 fuU lode mineral claims, valued chiefly in chrome ore, located in the barrio of Guisguis, Sta. Cruz, Zambales, and properly regist-e ed in the office of the Mining Recorder of the Pro~nce of Zambales. This is the biggest single group of claims owned by any mining corporation in the Philippine Islands. The distance of this groU I) of mineral claims to the road leading to Sta. Cruz, is 9.5 Km. It lies north of the Zambales Chromite 1Iining claims. Manager Baluyot reported that inside the group the r e are five big size deposits already explored and estimated to contain not less than 50,000 tons of chromite. The outcrop of the ore body in these deposits covel' a total of about 100,000 squal'C' feet oi rough country. This group is cut off by t he Nayum ri-rer, nnvi~able in almost aU year around. This river ha, an outlet to the sea coast and besides furnishing water supply will facilitate the transportation of chrome ore to the coast town of Sta. Cruz, where the Corporation will store their ol'e preparatory for shipment. The assays from the different samples obtained from this property and submitted for analysis run consistently to an average of 53%, Cr~ 0 , Chromite Oxide, altho the best sample gave 65 %. Aside from this property the Corporation also owns Manganese deposits in BUrgos, Ilocos Norte, and Iron Hematite Deposits in the barrio of Marapado, Mangatarem, Pangasinan.
409
The development plan as outlined by the Board of Directors caUs for the continuation of a most thorough examination and exploration work of this chromite Deposits in Zambales which has been under way for sometime. The work is being carried on and there is reasonable assurance that the surface ex· posures consisting of floats of chl'omite will carry to depth and prove to be of great value. The COl'poration has established its camp neal' the discovered deposits to facilitate the work. The first supply of chrome ore taken from the property has been ~hipped to an impol·tant foreign firm dealing in chrome, and with whom the corporation expects to come to terms for the sale of its pI·oduct.". Ma nager Baluyot reported that the present season in Zambales is most advantageous to mine the deposits by opening cuts and qua\'l'ying the ore from the topside of lhe del)Osits, and then haul the chrome ore down below, b)t means of dry-shoots, where facilities abound for transporting the chrome ore to the storing place located at the coast of Sta. Cruz, Zambales. The dr)'-shoots will concentrate !ohe ore mined by this operation to the bank of the Nayum River, where tl'ucks and bull-cat·ts al'e accessible besides the available "cascos." This wOI'k will pave the way fOI' the corpol'ation to huild ore reo serves to be held in readiness for bu?el"s demand and ready for immediate shi pment. To improve the inland transportation to the mines, the Corporation plans to undertake the cons· truction of a road which will connect with the main provincial road leading to the l\Junicipality of Sta. Cruz. This will cover a distance of apPl'o.: dmatelr 9% Kms. and upon its completion it wil! facilitate the hauling of its products by land. Sta. Cruz is located on the sea coast with ideal port facilitie~ safe throughout the year for vessels to cal l. The actual cost of operation pel' ton of ore is considerably low in comparison with other mining outfits, according to Senator Baluyot. At the present prices of chromite, the tonnage in the deposit at sight has a value of approximately Pesos 500,000.00. There is an abundant supply of cheap labor in the vicinity of Sta. Cruz, Zambales. Wages run to an average of about Pesos 0.60 a day. This serves as an incentive to the management to I'ush wholesale exploration and development work. EXPLORATION Of' TH~: IRO N HE~IATITE CLAIMS:
Tn the In:,n Hematite Deposits, Manager Balu-
410
THE COMMERCIAL & IN DUSTRIAL MANUAL
yet likewise reported that the work wil1 soon be in full swing. By means of dry-shoots, the ore torn down from the topside will be hauled down to the Loot of the hill, which is about 2 kilometers hom the provincial road. Th is work will be pushed through in view of the offer of a representative of a Japan('se firm interested in iron Hematite to close a cieal.
PHILIPPINE MINING PROMOTION AGENCY Head Office: Room 405 China Bldg., l\1anilaRegistered: October 19, 1936-Term: 50 yearsBl(siness: l\'Iining Enterprises; Purchase and Sell \\'lining Properties j Purchase and lo r Lease, and Explore Mining Claims and Propcrties-Nat,jonality: Fi]ipino---Ca1)ital Stock: Pesos 25,Oml.OO divided into 250 shal'es of the par value of Pesos 100.00 each -S1lbscribcd Capitpl: P esos 5,000.00-Capital Paid: Pesos 1,250.00-/ncbtporatO)路s on(1 Directors: Tomas Confesol', Vicente H .\ Jaiego, Jose A. Aligaen, Daniel J. Gl'eeia and Pedro Dal'l'oga-Treasllrer,' Mrs. Tomas Confesor, Cabatuan, Il oilo. PHILIPPINE MUTUAL BENEFIT ASSOCIATION, INO. H ead Office: 302 Cu ~njieng Bldg., Manila (Escolta) -Registered: November 7, 1935-Term: 50 years-Na.tio7lality: Filipino-/nco1"J)ol'atol's u1!d Dir(lct07's: Francisco A. Garcia, Nicodemus L. Dasig, Cecilio Castaneda, Nicolas Buendia, Pastor Tolentino, Vicente de Jesus and Catalina Teodoro, (Vicente de Jesus, is an incorporator only)-Tl'easllrer: Cecilio Castaneda, 808 Folgueras, Tondo, Manila. PHILIPPINE NATIONAL BANK Henri Office: Manila-Eo/M'd of Directo)'s: Jose Yulo, Ohairman, Secretary of Justice; Vicente Carmona, Vice-Chail'lnan and Pl'esident; Eulogio Rodriguez, Secretary of Agl'icu!ture and Commerce; Jor~e B. Vargas, Secretary to the President of the Philippines; Guillermo Gomez, Under-Secretary of Finance; Salvador Lagdameo, Chail'man-l\!anager, National Investment Board; Vidor Buencamino, Manager, Rice and Corn Corporation of the PhilippinC!s; Juan Posadas, Jr" Mayor City of Manila; Rafael R. Alunan, Philippine Sugar Administrator; Eulogio Reyes, Secretary, Exec!tti~,c Offices: V. Carmona, Presid~nt; D. Pekson, Assistant to the President, Roman J. Lacson, Assistant to the President and Manager; Special Assets Department, International Stock Exchange Clearing Department, and National Ex-
change Co.; P. P. Paterno, Cashier; S. A. Warner, Chief Accountant; Herbert Walker, In-Charge, Sugar Department; Leon Ancheta, Manager, Foreign Depul'tment, Jose V, Buennventul'a, Manager; B)'anches and Real路Estate Loans Department, Rufino Manotok, Manager, Credit Department Al'senio Bautista, Manager, Agencies Depul'tment; S, J(abigting, Manager, Loans and Discounts Department; M. J, Marquez, Trust Officer; Enrique Gonzaga, Manager, Small Loans Department; D. T. Dikit, Auditor The Philippine National Bank was established to remedy deficiencies in the banking system of the Philippines, Before the establi shment of this Bank, the banking field was controlled by branches of la rge foreign banks, 2 of them British and one Amel路ican. The only bank of importance which was contl'olled by local capital (the Roman Catholic Church) was the Bank of the Philippine Islands which was originally established under a Royal Decree, from the Spanish Govel'1lment, of 1851. The branches of the foreign banking institutions hardly used any of their capital in the development of the natural resources of the Philippines a s they confined their transactions ch iefly to the financing of imports and exports thru exchange transactions. This condition of things placed the great burden of thc economic development of the Philippines upon the Bank of the Philippine I slands but the resources of thc latter bank were not sufficient to meet the legitimate demands for credit. Furthermore, the close cooperation of the foreign banks brought about a vel')' rigid control of interest and exchange rates which resulted in making the cost of banking services vcry high for the communit~,. Tn order to relieve inadequate banking facilities. the Philippine Government followed a policy of making loans for agricultural purposes from the public fun"<ls. Thi s was usually accomplished by depositing funds largely with the Bank of the Philippine Islands on condition that tht> deposits were to be invested in agricultural loans, In addition to this, the Govel'nment established an Agricultural Bank with n capital of Pl ,OOO,OOO which also had the use of funds deposited by the Insular Treasurer. These 81'1'nngeme nts were by no means entirely sufficient to correct the indequatc facilities obtaining at the time and it was held that a more comprehensive scheme for the relief of the agricultural credit s ituation shou ld be undertaken.
PHILIPPINES
411
PHILIPPINE NATIONAL BANK MANILA, PHILIPPI NES
(Sole Depository in the PhilippintJ of the Commonwealth)
NEW YORK AGENCY 25 BROADWAY, NEW YORK CITY , NEW YORK
Compler e
BANK'rNG AND TRUST FACILITIES
• Agricultutal Banking
Letters of Credir
Commercial Banking
Tr ave lers' Checks
Deposit A ccoun rs
C ab l e Tr a n sfers
Commercial Credirs
P ersona l Tru s r s
Foreign Exchange
Corporate Tru s ts
ExecutOr and AdministratOr
• BRANCHES IN TEN PRO V INCES AGENC IES AND SU B-AGENCIES TN
10 10
MUNICIPALITIES
• Corrapondems in All Imporuwt Cities of the World
412
THE COMMERCIAL & INDUSTRIAL MANUAL
After a thorough study of local conditions and thru the very able help given by Dr. H. Parker Willi s who was invited by the Philippine Government to help es tablish a bank, the Philippine LegislatUl'a e nacted on February 4, 1916, Act No. 2612 which provided for the establishment of a bank to be known a s the Philippine National Bank. This law, among others , provided that the Govcl'nment should subscribe 10.1 million pesos of the capital stock of the new bank, part of which subscription was t o be made b y transferring the a ssets of the Ag r icultural Bank to t he new ins titut ion, the remainde r to be paid in cash. The balance of the stock wa s to be offered to the public, but the shares in the hands of the Government to be always in excess of those held by the public. The Bank. at th is writing is capitalized at P10,000,000 with a sUI'nlu<; of pg,487,OOO.00. T he, Bank is managed by nine dir ectol's of whom on\ is a Cha irman and another a Vice-Cha irman. The Bank a s organized unde r Act No. 2612 was given very broad powers 'n order that it might be of material assistance to Ihe devC!lopment of agriculture. It is at present allowed to grant long-term agricultural loans .against m\ tgage on real estate
properties, provided that the total amount of such loans does not exceed 60% of the paid in capital and surplus of the Bank. Furthermore, the Bank is authorized to assign whatever rights it might h3ve on these mortgages and to sell bonds against them using the proceeds acquired in this manner for new advances for agricultural loans. The Bank is likewise empowcred to do a varied commercial banking bu siness. The Philippine National Bank is the only bank in the Philippines. aside from the Bank of the Philippine Islands, which is given the privilege of noteissue. These notes of the Bank arc redeemable in lawful money of the Philippine Islands, and are receivable in payment of all government taxes and dues. In addition to the privilege of note-issue and the authority to make the different kinds of loans aforementioned, the Bank is empowered to grant crop loans, accept paper, establish branche~ , and "generally undertake every banking function." The Bank has been designated as the sole depOSitory of fund s\ of the Insular, provincial and municipal gnvernm~ts in the Philippines. The law makes it obl:-
PHILIPPINE NATIONAL BANK Consolidated Statement of Condition, June 30, 1936 ASSETS 'P}7, 479. 342.25 Cash on hand and duc from banks •. Bankers Accepcances and ocher Scl(.Liqu id:ning 7,639.548.77 Bills ....... " .............. . 11, 551,006.40 United SCatCS Government Seeurities. 16,483,lOO.00 Philippinc Govcrnment Sc::curitics .. 16,679, 230.00 Stale, Munici pal (U.S.) and ochcr Socurilie, 41,546,946.}5 .. Loans and Discounts.. 917,335.98 hcms in Tr;ansic becwccn own offices 453.688.64 Bank Buildings and Fixtures. 1,502,397.08 Olher Assc[S. Sub·Total. CONTINGENT ACCOUNTS Exchan8e Con C r ~ c(S . . LeCters of Credit ......... . Bills on Ha nd·Collection .. hc ms fo! Safckec:ping and held :l.S Collalcr31. Assc ts held in Trust. . .... Tou.\.
1~114.2S2.79j .47
1,807, 152.62 2,427.624 .23 1,01},926.46 2033, 431.09 6,004,888.27 1~ 1 47.s69 .S 1 S. 14
U ABILlTI ES PI 0,rol,(OO,00 Capital S,8·n ,666.29 Surplus 6.689.496.57 Reserves .. Dcposils: 55.7}O,751.94 Ind ividu al . 35.322,891.$ Go\'cmmenc. 1.560.405.42 Bank ... _ _ .. 6.057 ,onoo Circulnion (Net).. . Rcscf'o'c for Taxes, Interes t, Uncarncd Income, 28,764.66 Erc .. Sub·Tot.a1. . Exch :l.ngc Contracts. Lcrcers of Cred iL Bills Reech'ed for Collcction h ems for Safckec:pio8 and held as Colla lC'ral Assets Reeei\'ed in Trust .. To tal.
1' 1}4,282,795. 47 l'l,srn. 152.62 2.427 624.23 1,013.926.46
2.033,431.09 6,004,885.27
PHILIPPINES gatory for these governmental units to make thei!." deposits with the Philippine National Bank, except
when in the judgment of the President of the Commonwealth it is necessary for public interest to make deposits in other banks, in which case the Chief
Executive may authorize this to be done under such conditions as he might deem proper. The law also requires provincial and municipal treasurers to sen"c as agents of the Bank without extra compensation. It will be seen from the above that the Act creating the Philippine National Bank not only created a bank with very broad powers but als,) provided fOl" the ownership of a majority of the capital stock by the Government and makes the Bank the official government depository, thereby making it a governmental rather than a private institution. It should be borne in mind, however, that the Philippine National Bank is no sense a "banker's ban·k." It is a commercial ban, \controlled by the Government. After existing for twe~y years the Philippine National Bank has at prese'nt 10 branches in th~ Philippine Islands, an agency in New York City, 4(; agencies in the different provipces in t he Philip. pines and correspondents in all the important citie.:; of the world. It has capital and surplus of P19,487.00 P178,005,000.00 and totel }'esources of P157,000,OOO as of June 30, 1937 which is more than 50 % of the total re!\Ollrces of banks operating in the Philippines. In connection with its 46 agencies, the Philippine National Bank maintains 964 sub-agencies 10 · cated in the 46 of the 49 provinces of the Philippines. The idea in the establishment of these agencies is to bring within the reach of the smallest farmer in the remotest barrio in the country the much needed credit for the development of agriculture. The only provinces where there are no agencies and sub-agencies are Davao, Surigao and Batanes. A branch is, however, located at Davao. An agency is expected to be opened soon at Surigao. PHILIPPINE NATIONAL DIRECTORY, INC. Head Office: Plaza Hotel, Manila-R egistered : January 7, 1936-Terln: 50 years-Bwri11ess: To Make Directory of Members of Provincial Communities in the City of Manila-Nationality: Filipino-Ca'PitaL Stock: Pesos 1,000.00 divided into 10 shares of the par value of Pesos 100.00 each-Subscl"ibed -Ca'Pital: Pesos 500.00-Capital Paid: Pesos 125.00 -lncorporatol's and Directors: Miguel K. Villa-
413
mayor, ServiJIano Dizon, Aureliano Dizon, Vicente Admana and Zoilo Hilario--Treasurer: Servillano Dizon, 223 Bambang, Manila. THE PHILIPPINE NET & BRAID MFG. CO., INC. Head Office: 367-69 Juan Luna, Manila-Na,.tionality: Filipino--Busi1less: Manufacturers, Importers & Exporters-Established: 1S13-Authorized Ca1)ital: Pesos 200,OOO.00-Teleg)·aph: " Tagal" -Cod~s Used: Bentley, Western Union, A. B. C. 5th Edition & Private-Bmnch Offices: Aparl'i, Cebu and Iloilo-P),incipals: Paulino M. Sam pedro. Juan E. Tuason, Mariano Tuason, 01'. Rafael Ma. de Moreta, Antonio Lao--Agencics: New York, San Francisco, London, Asturias, Barcelona , Shanghai, Tokyo, Osaka- Ba1lk Reference: Bank of The Philippine Islands; Chartered Bank of India, Australia and China. PHILIPPINE NEWS, INCORPORATED H ead Olfice: 601 Escolta, Manila- Business; Publi shers of Philip pine Finuncial ."·!ellJs-Authol"ized Capital: Pesos 20,OOO.OO-P aid-in Capital: Pe~os lO,OOO.OO-Par l' allte of Shares: P esos 0.10il'1anaqe)'; L. J. Coote-Teleg )'apft : Checko--B al1k Reff'l'ence: Peoples Bank & Trust Company. PHILIPPINE-NIPPON MINING CO., I NC. Head Office: Manila, Philippines-Reqiste)'ed: December 18, 1936-Ter1ll.: 50 years-Business: Mining-Nationality: Filipino--Ca'Pital Stock: Pesos 225,000.00 divided into 225,000 shares of the par value of Pesos 1.00 each-Subscl'ibed Capital: Pesos 45,000.00-CapitaL Paid: Pesos 1l ,250.00-lnCO)'po1'afol's: Pio Duran, Sofronio T. E spanola, Geronimo de los Reyes, Honesto K. Bausa and Ernesto Y. Siba!. PHILIPPINE PETROLEUM DEVELOPMENT CO., INC. Head Office: 179 Invernes, l\lanila-Registe)'ed: Odober 14, 1935-Term: 50 years-Business: To Conduct Geological Explorations, Drill , Sink and Search for Mineral Oils and Gas, and to Develop and Exploit the same and all the Produc'£S and ByProducts Thereof, etc.-Nat-i onality: AmericnnCapital Stock: Pesos 20,000.00 divided into 200 shares of the par value of Pesos 100.00 each-SllbBcribed Capital: Pesos 20,000.00-Ca'Pital Paid: Pesos 10,OOO.00-11Icorpomtol's a11d Directors: Stewart Tait, John Canson, Walter J. Robb. Norris Miles. Ben Berkenkotter, Jose Moreno and Frank H. Hale. -Treasurer: Norris Miles, Manila.
414
THE COMMERCIAL & INDUSTRIAL MANUAL
THE PHIL IPPI NE PRESS CLIPPI NG BUREAU, I NC. Head Office: 316 Carr iedo, Rooms No.7, 8 & 9, Manila- Blanches: Cebu and Iloilo-Nationality: Fiiipino-B1fSi1!e$S: Press Clipping S ervice-Established: January, 1936; Revised: August 1936-lncorpol'ated under t he Laws of the Philippine I slands -Pl"illcipals: Lu is Santiago, Pres ident and General Manager, P a ulino Cullas, Manager, Ccbu, Jose Ma. Nava, Manager, IJoilo-Teleura1lh: " Prcclibur". .PHILIPPINE PRESS W IR ELESS. I NCORPORATED H C(td Office: c/o Roy C. Bennett, Manila Daily Bull eti n-Reui.sle"6d: Septem ber ]7, 1937-Nationality: Americun- 8I{sillcss: To receive and transmit radio telegraphic radio-telephonic messages, etc.-CCtl)ital Stock~ P esos 200,000.00 divided into 2,000 shares o[ the pa l' value of P esos 100.00 eachShbscl'ibed Callital: Pesos ,10.000.00-Copital Paid: Pesos 10,000.00-lncorl)QmloJ·s: Joseph Pierson, Alejandro Races , J r., Ca 'Ios P . Romulo, Roy C. Bennett, Claro M. Recto, E . Abundo and A. H . E scoda.
THE PHILIPPINE PROSPE€TING CO., INC. H ead Office: 209 Regina Building, Escolta, Manila-Bllsiness: Mini ng-Establ{shed: March 29th., 1937-Principals: Benjamin A. Al'cenas, President and General-Manager, Hal'l'Y Goodman, Vice-President, Nicolas Santiago, Secretary-Treasurer; Placido L, Mapa, Eduardo Lopez, J. Amado Araneta, Jorge L . Araneta, Directors-Capital: Pesos 250,00000- Pu1d-hl CUlpitul: 25 rf,._P01· Vallie of Shm'es: P esos 0.10. THE P HI LIPPINE PROGRESS PUBLICA fl' r@NS CO., I NC. H ead Office: 885 Ave. Riznl, l\'1anila-Rcgistercd: October 28, 1936- Tcr'/ll: 20 years-Business : To P I'int, Publish, Bind, and Buy, Sell. a nd Deal in Books, Papers, Magazines, Periodicals a nd Advertising: and Printcd Matter of all Kinds; to H old, U se, Sell, Circulate, Di stribute, and Dispose of the Same; and Generally to do all t hi ngs Incidental to or Connected with t he Business of P r inti ng and PublishingNationality: Fili pino-Ca,pilal S tock: Pcsos 20,000.00 d ivided into 20,000 sha res of the par value of Pesos 1.00 each-Subscribed Capital: Pesos 10,000.00---Capital Paid : Pesos 2,500.00-blCOTJ'OratoTs and Direct OT8: Lucio D. Lami , Pedro BulUl'an, Manuel Romasanta, Bernardo Maravi\las and Domingo Sarmiento
-Treaslu'er: Lucio D. Lami, 1154 C. Pennsylvania, Manila.
PHILIPPI NE RACING CLUB, INC. H ead Office: Santa Ana Park, Manila- Auth,H'izerl Ca1,it(lI: Pesos 1,500,OOO.00-Paid-in Capital: Pesos 1,337,060.00-DirectoJ's: Stewart Tait, President; .Tohn Canson, Vice President; H. J. Belden, Treasurer; Placido L. Mapa, B. H . Bel'kenkotter, lldefonso Coscolluela, Juan Ledesma, Marcial P. Lichauco. PHILIPPINE RATTAN CORPORATION H ead Ofiice: c/o Ross, Lawrence, Selph and Canascoso, Manila- Rogistel'ed: September 21, 1937 _ Bu siness: To aquil'c and deal in lumber, timber, rattan, etc.-Copi tol Stocl,': P esos 100,000.00 divided in to 1,000 sharcs of the pal' value of Pesos 100.00 each-Sltbsc)'ibed C(t}Jitol: P esos 23 ,500.00-Ca pital Pa id: Pesos 9,500.00-hlcol']lo1'ators: H . A. Forbes , George J. Day, L. B. Jepson, Rodolph F ernandez a nd Ewald E. Selph. PHILIPPI NE REFI N I NG COMPA NY, I NC. Htad Office: Manila: 8ra1lch: Cebu-Nationality: FiJipino-Bwlilles8 : Manufacturers of Coconut
THE PHILIPPINE NET & BRAID MFG. CO., I NC . l NCORPORATno
1913
MANUFACTURERS, IMPORTERS, EXPORTERS & COMMISSION AGENTS. WE SELL Nets a nd Braids , Le mona de
Facton' In gredi cn ts, "RE·LY-ON NEPRO
CROWN CORK S", Po made Factor~' Supplies and Denu l Supplies. WE EXPORT Phili ppine Lu mher, Buntal Fiber, Bunt al H:as, Knoued Hemp, Kapok, Fruit Extrac(s and o t her loca l products. PAULINO MIRANDA S"MPEDRO,
Mg.' .
OFFICE , 367-369
J UAN
L UNA,
PHILI PPINE
MANILA
J S LAND~
P. O. Box 320 Telegraph: " TAGAL"
41;
PHILIPPINES
THE PHILIPPINE PRESS CLIPPING BUREA U, INC_ 316 CARRIEDO, ROOMS No.7, 8 and 9 MANILA, P. I.
- - -¢ - THE FIRST PRESS CLIPPING OFFICE ESTABLISHED IN THE PHILIPPINES-THE LARGEST AND MOST COMPLETE . A NATIONAL SERVICE 274 Newspapers in English, Spanish and Local Dialects, Covering all Parts of the Country.
OUR READING LIST Includes A Full Line of Scientific. Farm and Trad e Journals in the Phili~pines > A Feature not Obtainable Anywhere . LUlS SANT I AGO
President &' Gen. Manag"
PAULINO GULLAS,
Manager Cebu Branch
Q. UBAY Asst. Manager
ALBERTO
JOSE MA.
NAVA
Manager Iloilo Branch CABLE
TEL. 2-54-55 P. O. Box 2155
ADDRESS:
" PRECLIBUR .. MANILA
416
THE COMMERCIAL
&
Oil; Copra Cuke; Meal-Established: 1914 under the Philippine Refining Company, and the Rizu! Refining Company; 1918 Amalgamated under the style of Philippine Refining COI'pol'8tion; 1921 Reorganized j 1927 Incorporated under present Style-Prin.
cipals: John W. Baker, President. New York; Kenneth B. Day, V ice-President and General Manage\,Authorized Capital: Pesos 1,685,500.00- 1'«1' Vall!e 0/ ShanJS: Pesos 100.00 Telegr(1)h: "Phil new", New
York; Philreco, Manila-Bcmk Refcj'fJ1tCe: National City Bank of New York. PHILIPPINE SECURIT IES AND INVESTMENT CORPORATION Hwd Office: Talisoy, Negros Occ., P. I.-ManIla Office: Suite "A", 5th Floor, Sorlano BuildingNatiolwlity.' Filipino- BI!shless : Investment in Stocks and Bonds-Eslttblished: March 18th., 1933 in TaJisay;-Pl'illcip is: Nicolas A. Lizares, President; Cesar Ledesma, 1st. Vice-President; Placido L. Mapa, 2nd. Vice-PI·C~ident and Manaf"ing-DirectOl": Dr. Antonio Lizal'cs, Treasurer- Directors: Simplicio Lizares, Juan L. Ledesma, Angel Mascuiiana-A utitol"ized C(1)ital: ~csos 1,000,000 00-Paid -in Capital: Pesos 255,291.00.i.Pa,· Vllln€ of Sha1·es: One Centavo Each (Pesos O.Ol)-Surpllts: Pesos 280,075.32----Divideml: l'.larch \ith, 1937, 7('" cash; July 1937 100'70 Stock Dividel\d-Ballk Refel"ence: Philippine National Bank. This corporation was organized at ']'alisay, 0cc., Negros, on March 18t.h., 1933 by Messrs. Placido L. Mapa, Nicolas A. LizuI·es, Simplicio Lizares, O(>sal" L(>d(>sma, Angel l\[ascunana, Aurelio Montinoia, Agustin Coscolluela, Nicolas r. 1\Hsa and Dr. Antonio Lizares. The original par value of shares was one Peso and this was changed in March 1937 to One Centavo, and this particular issue was li sted with the l\"lanila Stock Exchange. PHILIPPINE SHIPBUILDING AND DOCK CO. Head Office: ecbu, Cebu-Registered: Septembed 10, 1937-Business: To engage in shipbuildings, etc..-Natiolwlity: American-Capital Stock: Pesos <190,000.00 divided into 4,900 shares of the par value of Pesos 100.00 each-Sltbscl"ibed Capital: Pesos 98,OOO.OO-C(L1)ilal Paid: Pesos 24,500.00-1nC01·pOI"CLto'·s: 1\1. E. Clelund, Isaias Rodriguez, Manuel 1\liciano, W. R. Giberson and Valeria S. Tudtud. PH ILIPPINE STANDARD PRODUCTS CO. Head Office: Maniln, Philippines-Registered: October 16, 1937-Natio'lalit1l: F ilipino-Bttsiness:
INDUSTRIAL MANUAL To manufacture and snle of soft drink!\ etc.-Cap_ ita I Stock: Pesos 20,000.00 divided into 20,000 shares of the par value of Pesos 1.00 ench-Subscribed Capil(lI: Pesos 4,500.00-Capital Paid: Pesos 1,499.OO-hlcOl"l)Omfore: l\Ianuel P. Manahan, Carlos A. Foronda, A. Sergio Corpus, August Pablo. Roman Mabanta, Honorio Poblador Jr., Jose Mn. Ansaldo ,Inti I\1ncario Apostol. THE PHILIPPINE TEACHER'S DIGEST INC. Head Office: 490 Recoletos, IntramuI·os, Manila - Rcgiste,·eel: .l\tal·ch 12, 1935-TeJ""m: 50 years--Business: To Publish, Print, Distribute, Sell, and Solicit Subscriptions to \'t'[ugazines, Papers, Weeklies, or Books that may be Published, Edited, Distributed, etc. _ Natiollalily: American - Capital St.ock: 250 shares without par value--Sltbscribed Ca,1)ital: 54 share:; without par value-Capital Paid: Pesos 870.QO-htcol"J)o,·aI0J"s alld Dil·eclo,.s: Robert S. H(>II'(\I·y, Ervin C. Ross, Dolores Gardner, Jose P. de Leon and Jose Florentino--TrenRurel·: Robert S. Hendry, 587 Perc?, Paco. PH ILnPPINE WAX PRODUCTS CO., INC. Head Office: Stu. Rita's Hall, Manila-Registered: June 19, 1936- Term: 50 years-BlIsi1le8s: To Engage in the Manu.facture of, Purchase and Sell, Candles and other Products Made from Wax, Paraffin, Tallow, Stearin or any other Animal, Vegetable and/or Mineral Fats and Oils, ct.c.-Capif.(ll Stock: Pesos 40,000.00 divided into 400 shares of the par value of Pesos 100.00 each_Subscribed Ca/Jiftll: Pesos 8,000.00-CaJlital Paid: Pesos 7,200.00-/1,corpOl"I.Il0l"B al!d Dil·ectoJ"s: Jose Araneta, Sulvador AI·aneta, G. A. Daza, E. J. Deymek. Joseph R. Koch, E. B. Ford James R. Kock, William 1I10riarity, M. l\laiiosa, Salvador Zal"U~o?a and Mr$.. Dolores Tr(>7.ona. (Joseph R. Koch, Gabriel Daz.a, E. J. Deymek. Mrs. Dolores Trezona and E. B. Ford, are directors only)-T,·eastll"c,·: E. B. Ford. 532 Colorado, Ermita. Manila. PHILIPPINES POST_GRADUATE COURSES IN MEDICINE INC. Hcad Offico: Room 216 Arias Bldg., !\Ianila~ Reyislel·ed: July 30, 1935-Te,.·m: 50 years-~1~.sI Itess: To Promote post-Graduat.e Study of Medlc~ne in the Philippines-NatioJ)(Ility: Filipino--Captt.al Slock: Pesos 2,000.00 divided into 200 shares of. the par value of Pesos 10.00 each-Sub8cribed Capr/.al: Pesos 400.00-Ca.l)i/a{ Paid: Pesos 100.00-1'lcorpo'.ator8 alldDiJ"ccfol·s: Dionicio B. Brflvo, Jose Sing-
PHILIPPINES son, Alfredo P. Navato, Catalino B. Bonoan, Lamberto Leiva, Olimpio Villacorta, J ose Talag, Mariano Florendo, Francisco R. Villar oman, Mariano M. M. Lazatin, Jose Chuatoco and Jose J ose. (J ose Singson, Mariano M. Lazatin and Jose Chuatoco, are incorporators only) - Treasurer: Mariano Florendo, 135 Gastambidc, Sampa[oc, Manila. PIDDlG GOLD MINING CO., INC. Head Office: Manila, Philippines- Registered: Decembcl' 22, 1936-Terlll: 50 years-B-ltsiness : Mining-NatlO1/ality: Filipin o-Cal)ital Stock: Pesos 300,000.00 divided into 30,000,000 shares of the par value of Pcsos 0.01 each-Subscribed Capital: Pesos 60,000.00 -Cwpital Paid: Pcsos 15,000.00-/ncOl'porators: Francisco Varona, Sixto Celestino Eduardo Reyes Cristobal, Catalina Santiago, Magdaleno Castillo, Armando Celestino and Calixto C. Zaldivar. PIGGY W TGGY, INC. Head Office: Bagu io,-RegisteJ"ed: October 23, 1936-Tel'lu: 25 years-B1~ illess: Dry Goods, Grocery; General Merchandise-Nationality: FilipinoCapitul Stock: Pcsos 30,000.OO\.divided into 60 s hare ~ of the par value of Pesos 500.00 each-Sllbscribed Capital: Pcsos 16,000.00-Capitut Paid: Pesos
417
3,750.00-Di)·ectOJ"B: Nazario L. Go, SecretaryManager; F. G. J oaquin, president; M. J. Joaquin h'easurer; Nazario L. Go, secretal'Y; B. del Rosario, member; and I. Yaptichay membel·. PILAR COPPER MINES INC. H ead Office: Iloilo, 1I0ilo- RegiBtned: September 20, 1935- Term: 50 years-BlIBilless: T o Locate, Purchase, Lease, and Otherwise Acquire l\1ineral Claims Anywher e in the Philippine Islands, etc. -Nationality: Filipino-Capital Stock: Pesos 300,000.00 divided into 3,000,000 shares of the pal' value of Pesos 0.10 each- Subscribed aluI Paid Ca11ital: Pesos 1.%,000.00; Cash: Pesos 15,000.00; MininrJ Claims: Pesos 100,000.00-/11CoJ'pO)·atoJ·s a:nd Dil'ectOTS: Emilio J\I ontilla, Magdaleno Pena, Gil M. Mont ill a, Jacinta Zaldivar, AnatoJia Montilla, Rosario Montilla, Mercedes Montilla, Aurora Montilla, Leonor Montilla, Marilla Montilla, Ben;amin Jalandoni, Claudio Akol, Timoteo COllsing, Virgilio Montinola and Hndrigo Montinola, (Jacinta Zaldivar, AnatoJia Montilla, Rosal'io Montilla, Mercedes Mont illa Leonor Montilla, Marina Montilla, Virgilio Montinola and Rodrigo Montinola, are incorpol"8tors only)TrCallW'fW: Timoteo Consing, Iloilo, iloilo-BanI.- Reference : Philippine National Bank, Il oil o.
PHILIPPINE TRUST COMPANY Consolidated Statemeflt of Condition, December 31, 1936 RESOURCES on Hand .. . 1'2,090,672.69 Duc from Foreign Banks.. 881,511.61 Due from local Bank. 937,409.58
LlABIUTIES Deposit-Individual. . Trust . .
C~sh
Total Cash and Exchange .. t'3,909,593.88 Philippine Go\'trnment Bonds Dcposhcd with the Insular Treasurer ................ . 311,781.26 Bonds Held in Ncll' York Chr .. 406,637.71 Bonds and Securides Held in Manila. 882,563.81 Loans, Discounu and othcr Advances.. 4,561,497.92 Furniture and Fixtures ... 47,000.00 Due from Agencio; . 43,032.10 Ocher Resources . . 1,}28,274.76 Sub·Toul .
.. ... 1'11,490,381.44
CaNTING ENT RESOURCES Bills Held for Colleclion ,. . .......... . .. . l ' 375,703.39 Cuuomcrs' Liabilicy on Unused L/ Cr .. . . 108,579.18 Sundry Trusts .................. . 1,623,698.65 Other Concingent Resources ... 504,416.85 Toul Resources
" 14,102.779.51
1'9,662,977 .78 J60,082.851 ' 10,023.060.63
Ouc to Local Banb. Liability to R(:miners for Collection, Documents Released under Trust Reecipts Accounts Payable.. Inrero;t and Taxo; Payable .. Unearned Discounts .. Other Liabil ities ... Capital. .. Surplus .. Reserve for Contingencies Undi,·idcd Profits.. . .. Sub·Total.
76,773.98 6,4$1.43 35,09).12 41,960.62 7,990.71 15,440.92 1,000,000.00 125,CXXl.00 104,500.00 54,080.03
..... 'Pll ,49O,}81.44
CONTINGENT LIABILITIES .. t" 375,703.39 Bills RC(civcd for Collection . LecTers of Oedit-Unuscd .. 108,579.18 Sundry Trusts. 1,623.698.65 Other Condngent Liabilities .. 504,416.85 Total Liabilities ..
. 1'14,102.779.51
THE COMMERCIAL
418
&
INDUSTRIAL MANUAL
PILAR COPPER MINES, INCORPORATED Balan ce Sh eet as at 31st December, 1935 LIABILITIES Current LiabiJides Notes Payable-Snachan & ~h c Murra)' , Ltd . Series No . 1 ( (or 1 truck) ..... . .... , 1~ 885.00 Series No. 2 ( for 2,100.00 Automobile).. .. . Series No. 1 ({or 2 trucks)... l,600.00 Series No. 4 ( (or 1 trucks).. 5,700.00 Jl12 ,285.00
ASSETS Fixed Asser.s : P120,000.00 Claims and Min ing Rights. 2,797.9l Roads and Trails. 880.76 Bridges . 408.29 Buildings- Cost o{ Materials . il,765.50 Trucks... 2,000.00 Road Roller.. l.650.oo Automobile .. 1,719.l9 Tools and Utensils .. 3,564.40 Furniture and Fixtures . .. Total Fixed Assets . . Curren t Asser.s: Cash: In hands o{ Cash· \ ier. 1> ,621.52 In hands o{ Gen· eral Manager .. 5,9lS.85 'P11 , S57.17 Advances to Employees and Workmen- Schedule 1. . Accouots Recei"able : 1~21 . 90 Mr. U.:waki. 10.00 Pana)" Elecrric Co . Mr. Emilio Montilla : Personal Account. 'P Il2.76 Pandan Expenses.. 991.76
1,124.52
D}'namite Stock .
3,l07.17
·1~146,786.27
Total Current Liabilities. Capital Capital Stock authOri~ed 3,000,000 shares at 10 C!.S ... . .. . .. . . . PlOQ,OOO.oo
l1.90
Total Current Assets. Deferred Charges : Promotion Expenses : Promoter's Fee( paid in shares). J> 45,000.00 Organ i7.ation Expenses-Sche dule 2. 2,420.55 Mi ning Exploration and De"elopment -Schedule l . . I> 5,888.11 Engineer's Com· pensation ( pa id in shares). 15,000.00 20,888.11
16,821.89
Toul Deferred Charges ....
1~20 ,07 l.0S
Capit:!l Stock SubKribcd :Subscribed Unp:!id Siogle p:!)"menr .. }" 41 ,525.00 " 41 ,525.00 1,675.00 1,725,00 1O.OO FimCalJ. " 5e<:ond 212.50 650.00 Call.. 862.50 Third }7.')O 825.00 962.50 Call ..
----
o
Administration :lnd O verhead Expenscs- Schedule 4 ..
'1>2,615 .52 100.00 1,467.50 288.00 l,}15.0} 7,786.05
BOO.9l
---'-'---
Accounts Payable: Strachan & Mac· Murray, Ltd .. Anselmo Mejicano. Catalina Domingo. Burroughs, Inc.... Macondray & Co ,
Ca,;h Sub· scriptions '}·44 .975.00 '1~ 1 ,525.00 Shares is· sued to Promoter 27,000.00 Shares ;, .. 15},OOO.00 "escrow
J>4l. 4SO.00
27,000.00 153,000.00
11 ,604.23 79,912.89 P24l,S21 .05
223,450.00 f"24l.521 05 Prepared .tod submiucd subject to Report allachcd hereto. ILOlLO, ILOILO, P. I., lOrn FEBRUARY, 19l6. WHITE. P:\GE & CO.,
....."I"J.
PHILIPPINES PILBA MINES, INC. H ead Office: Iloilo, lJoiio---Registered: October 6, 1936-Tel'7lt: 50 years-Business: To Search for, Prospect and Explore for Ores and Minerals and to Locate mining claims, Grounds, Placers, Lodes, Mineral deposits or oil shale beds in the Philippine I slands, etc.-NaUonaNty: Filipino-Capital Stock: Pesos 500,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capital: Pesos IOO,OOO.OO- Ca.pital Paid: Pesos 25,000.· OO-InCOJ'pOl'utors alld Directol's: Dr, Jose M. Facultad, Juan F . Cordero, Tomas F. Ferraris, Ampare Segovia Santos, Eriberto Gonzales, Elias Facultad and J esus M. Colmenares. (Eriberto Gonzales and Jesus M. Coimenares, urc incorporators only) -Treasitl'er: Eli~s M. Facultad, Pototan, Iloilo, P. 1. PI NEDA AND AMPIL MANUFACTURING COMPANY, I NC. Head Office: 997 Muene de la Industria, Manila, Philippinl:!s-Nationality: Filipino--Bu8ines8: Commer cial Fertilizers and Boards for Ceilings and Partitions-Established: 1925-Presidellt-Manager: Isaac Ampil-Telegroph Address: Pamco-Bank Reference: Philippine National Bank. PIN EDA AND AM P IL MANUFACTURING COMPANY, INC. Head Office: January 21, 1937-Tel'm: 50 years -Business: Promotion-Nationality: Filipino-CalJital Stock: P esos 30,000.00 divided into 3,000,000 sh ares of the pal' value of Pesos 0.01 each-Snbscribed Capital: Pesos G,OOO.OO-Capital Paid: Pesos 1,SOO.00-Incorporato)·s: Atanasio Pineda, Felicisirna Bagtas, Francisco S. Nava r.ro, Santiago Fua, Domingo T. Patajo, Marciano Sto. Domingo, Jose Ma. de Marcaida, Jose L. Uy, Emilio S. Suarez and Buenaventura M. Agustin. PIONEER DEVELOPMENT CORPORATION Head Office: Manila, Philippine s-R egistered: August 18, 1937-Businells: To acquire agl'icl!ltural lanrls, to clear them for the production of rice corn and rubber, etc.-Nationality: Filipino-C~/rital Stock: Pesos 10,000.00 divided into 100,000 shares of the par value of Pesos 0.10 each-Subscribed Capital: Pesos 2,000.00-Capital Paid: Pesos 500.00 - Inco)'porators: Eulogio Rodriguez Jr., Vicente Villanueva , Manuel V. Gallego, Pablo Manlupit, Gregorio Trinidad, Calixto M. Villanueva and Antonio Tambunting.
419
THE PIONEER MINING CO., INC. H cad Office: c/o Office of Claro M. Recto, i\bnila-Registenld: August 14, 1937-Nationality: Filipino-Business: To mine gold, silvel', copper, lead, etc.--Capital Stock: Pesos 1,000 shares without IlUl' valuc-,Sltbsc)'ibed and Paid Capital: Pesos 5,000.OO-·lncOI·lJ01·atonl: S. Allen P resby. Mayme Presby, Mal'co Abolafia, Sara Abolnfia, Victoria Acriche, Claro M. Recto, Jesus p , Morff', Moises Acriche and Alberto Katigbak. PIZA RRO, DE LEON & CO., LTD. Head Office: Manila_ Registered: August 29, 1936- Term: 10 years, commencing August 3, 1936 -Business: Contracting bids for the construction for the Philippine Army-Nat'iollality: FilipinoCapital: Pesos 20,000.00--CalJital cO'ltributed by each l)urtner: Orsino R. Pizarro, General partner , Pesos 5,000.00, Cecilia de Leon, General partner , P esos 7,000.00, Esperanza Gardinel', General partner, Pesos 7,000.00, Godofredo Favis, Limited partner, P esos 1,000.00-Jl'la1IUvcr: Orsino Pizarro. PLAN'nERS INVESTMENT ASSOCIATION, INC. Head Office: Bacolod, Negros Occidental- Registered: March 16, 1936-TeJ'In : 50 years-Business: To grant loans with interest and other considel'abions, to give loans upon the harvest of sugar· cane, corn, rice and other agricultural products, etc -Nat-ionality : Filipino-Cll1)ital Stock: Pesos 1,000,000.00 divided into 10,000 shares of the par value of Pesos 100.00 each-S1tbsc)'ibed Capital: Pesos 200,OOO.OO- Incorporators and Directors: Alejandro Belleza, Ramon de la Rama, Dionisio Gonzaga, Olimpio de la Rama, Domiciano Gonzaga, Valeriano Gatuslao and Alfredo Montelibano. (Ramon de la Rama and Domiciano Gonzaga, are incor porators only)-Trea.sw'er: Alfredo Montelibano, Murcia, Negros Occidental. THE PLANTERS S HIPPI NG CO ., INC, Head Office: Iloilo, Iloilo- Registered: August 22, 1935-Tcl"1n: 50 years-Blui?les8: T o purchase, Hire, Lease, Consh'uct and Acquire Steamers and any other Transportation Together with their Equipment-Nationality: F ilipino-Capital Stock: Pcsos 100,000.00 divided into 10,000 shares of the pal' value of Pesos 10.00 each-Sub8cribed Capital : Pesos 25,200.00-Ga1,itu1: Pesos 25,200,00-Ca,pital Paid: P esos 12,600.00-lncoqJorato1·s a.nd Directors: :illanuel V. Hechanova, Josc F. Barrios, Felix H. Jime-
420
THE COMMERCIAL & INDUSTRI AL MANUAL
Dca, Gelasia G. Jopson, Liberato C. Benjamin and Mariano A. Acevedo. (Madano A. Acevedo, is an incorporator only)-TreaSltrer: Manuel V. Hechanova; J81'O, Iloilo.
THE PLARlDEL SAW MILL, INC. Head Office: Plaridel. Misamis Occidental-Registe,-ed: July 10, 1935-Tenn.: 50 years- Business: General Lumber, Tanning and Milling- Nationality: Filipino-CU1)itut Stock: Pesos 30,000.00 divided into 3,000 shares of the par value of Pesos 10.00 eachSub scl'ibed Cal)ital: Pesos 14,420.00-Capital Paid: Pesos 10,120.00; Ca.sh: Pesos 3,211.55; Property: Pesos 6,908.45- i11Col'po)"ntol's {~lId Directl)rs: Dl', Alfredo Eusebio, Mrs. Cl'isteta V. Br ingas, F. Broce, Emilio Broce, Cesal' C. Gamao, Miss Maximina Broce and Ml's. Encarnacion V. Eusebio. (Cesar C. Gamao alld Encarnacion V. Eusebio, are incorporators only)~Tl"ea sl!J"e)': Mrs. Cristeta V. Bringas, Plal'idel, l'.-[isamis Occ. PLAZA HOTEL H ead Office: Zambo:lnl!a~Natiollality: Filipino ~ Establi Rhed: 1921 ~ Tfleg)'aph: Plaza ~ Proprietor: Antonio M. Bayot-Ba:nk Refe)'etlces: Bank of Philippine Islands, The National Bank and T he Chartered Bank of India, Australia and China. PO KA AND COMPANY Head Office: 616 Tabora, Manila~Registered: November 2, 1 936~ Tenn: Four years, from October 1, 1936~Bu8ine88: General Merchandise~Nut路io"lUll颅 ity: Ch inese-Capital: Pesos 12,000.00- Ca.pital COtlt)'ibuted by each 11artner: Po Ka, Pesos 3,000,00; Chan Puy, Pesos 3,000.00; Chan Lin Kuy, Pesos 3,000.00; Chan Su, Pesos 3 , 000.00~Jlfwnager: Po Ka. POHOOMULL BROS. (IND IA) BOMBAY BAZAAR Head Office: Hydembad, S ind, India-Manila Brancit: 793-797 Tabora-Bt'anch Sto)'es: 46 A-B Session Road , Baguio, 241 Pasillo Z, Yangco Market, Tabora-NatiollUlity: India-Blts1tle88: Wholesale and Retail Silk Merchants-Mallage)' for Phili'Ppi)lf~ Islands: K. Hil路anand-Telegra.ph: "Pohoomull"-, Balik Reference: Nationality City Bank of New York. POLILLO I SLAND COAL COMP ANY Head Office: Ambrosio Building, 701-705 San Vicente, Manila, P. I.-B)'u1Iches: Burdeus, Polillo Island-Natiollality: Filipino-Busine8s: Mining : Coal Mining, Colliery Operntors-Established: 1937
-8oal'd of T"IIBtees: Don Manuel Urquico, Chairman; Dominadol' B. Ambrosio, Secretary-Treasurer: Cirilo Linl, Member; Du Hunting, Member; Dr. M. M. Lazatin, Member; E. C. Rice, ~I. E., Chief Tech路 n icnl Stnff, Cooperative Management COl"pomtion. Consulting Engineer, Victol'iano Yamzon, General Counsel. The property is located on the island of Polillo which lies about 30 Kilometers due east off the coast of Luzon. It consists of 1,200 hectares in rectangular form, the long boundary l'unning due North and South. The east boundary line lies about 3/ 4 of a mile due west of the Banio of Burdeus. Inter-island boats travell ing between Manila and the Island of Polillo must pass thru th"a San Bernardino Straits an approximate distance of 600 mi les. Boats of any size can enter Burdcus Bay, which is about 4 miles distant from the property. The bay is welJ protected a nd although there are many shoals and COI'al reefs, a few buoya and lights would make navigation quite safe. A pier approximately 500' long would have to be conshucted for Ibading boats.
,-4-----------------------------,
PLAZA HOTEL ZAMBOANGA PHILIPPINE ISLANDS
O NE OF THE LEAD I NG RESIDENT AND TRANSIENT HOTELS I N T HE ISLANDS
Establish ed: 1921
PHILIPPINES T HE POLISH TRADING COMPANY FOR ASIA
(MANI LA), INCORPORATED Head Office: Manila, Philippines-Registered: December 1, 1936-Term: 50 years-Business: Merchandising-NatioJzality: Filipino-Capital Stock: Pesos 11 ,000.00 divided into 110,000 shares of the
par \'alue of Pesos 0.10 each-Subscribed Capital: Pesos 5,700.00-Cal'ital Paid: Pesos 5,122.50-/ncor-
1,orators: Jose D. Cortes, Jerzy Z. Oraki, Hipolito R. Sanchez, Gloria D. Cortes and Rafael M. Morales. PORT STEVEDORI NG COMPANY
Read Office; Manila, Philippines-Registered: September 25, 1937-Nationality: Filipino--B~t8拢.. uess:-To engage in the gener:li stevedoring and shi p chandler, etc.-Capital Stock: P20,OOO.DO divided into 200 shares of the par vdue of P100.00 each-S?tbsc/'ibel! Gapital: N,OOO.OOO-Capital Paid: P1,OOO.00-hlcor71~rato/路s: Mauricio CI'U.l:, Manuel del Pan, Jose Artia$'a, Pio Duran and Tomas F. Barretto. PORT LAMON LUMBER 00MPANY Head Office: 8 Muelle del Banco Nacional, Manila, P. O. Box 254- Mills: P ort Lamon, Surigao, MindaRRO, P. I.-Nationalit.y: Filipino---ilfanagers: Madrigal & Company-B-lIsine,s.' Manufacturers; Exporters of Philippine Mahogany Logs and Lumber-Agencies: In United States/ Mr. C. U. Martin, 637 Minna St., San Francisco or 246 Pearl St., New York; in Great Britain, Messrs. Foy Morgan & Co., Ltd., 16 Eastcheap, London, England; in Australia, Newca!>tle Contracting Co. Pty. Ltd. Bank Chambers t 17 Bolton' St., New Castle, N.S.W., in South Africa, East Asiatic Co., (S.A.) Ltd. P. O. Box 101 Durhan, South Afz'ica- TeI6gl'ap lt Addl'ess: Lamon or Madl'igal-Codes Used: Bentley's Complete Phrase, Bentley's 2nd Phl'ase, Boe's, Acme, Scott's, A.B .C. fith edn., A.B.C. 6th end" Universal Trade Code, Western Union 5 letter edn, Buenting's Code 2nd erln. This Company was organized in 1927 by English-American-Filipino Capital. In 1932 the Company was taken over by Don Vicente Madrigal who si nce then became the sole owner of the entire comllany's properties. Since it came under Madr igal & Co's management, it has bought additional equipment. From a modest beginning, the Port Lamon Lumber Co, has became one of the biggest mills in the Philippine Islands and one of the principal manufactul'Crs and
421
exporter s of Philippine Mahogany logs and lumber. It exports lumber regularly every month to the United States, Its other principal m arkets are London, England, Australia, South Africa and China, It exports also veneer logs to the United States, Australia and China. The Company is one of the principal suppliers of Manila lumber and the biggest producers of Phili~'pine hardwood (Yakal, Guijo and Mangachapui) llS'2d extensively for construction purposes. PORTA, PUED Y COl\1PAmA Head Office: Manila- Registered: March 20, 1935-TeNn: Five years begin ning January 1, 1935 -B?ISineB8 : To Import, Export, Buy and Sell of all kinds of foreign and local articles, etc.-Ca.pitCll contrib!~ted by each pa1路tltel': Antonio Porta, P esos 170,000.00; Jose Pueo, Pesos 20,000.00; Diego Balibrea, Pesos 10,000.-iltIanager: Antonio Porta. POTENCIANO JAVIER & COMPANY Head Office: 1632 H ernm, Manila-Registered: August 23, 1937-Nationality: Chinese-B1Isiness : Buying and St:lling goods for grocel'y-Capital: P60,000.00-Callital contributed by each partne)'" Pot:!nciano Javier, P1 0,000.00; Yu Loy, P10,000.00; Ng Yook, PlO,OOO,OO; Chiu Pac Cun, 1'10,000,00 ; Wong See, P10,000.00; Sen Suy, 1'10,000.00 -Malinger: Potenciano Javier. A. E. PRATS & COMPANY Head Office: 502 Estez路o Cegado. Comer p, Paterno and Sales Streets, l\1anila-B7'Mtches: Baguio, Iloilo, Bacolod, Cebu, Philippines; Hongkong-B1Isitless: Brokers-Established: 1935 in Manila; 1936 Philippine Branches; 1937 in Hongkong- P rivate P artne r ship between A. E, Prats, Senior P artner, A. p, R. Raagas, T . Arbadji. F. Prats, Junior Partners-Capital: Pesos 50,000.00-Ammal Income (1,936): Pesos 197,574.10- TelegJ'aph Add )'e8s: Pl'ats-Bank Refel'encc: Phi lipp ine Trust Company. PRATS AND UGARTE Head Office: Manila -Registered: November 20, 19S5-BlIsinesB: Books, Publishing, etc.-Capital: Pesos 10,000.00-Capital cOJztrib"ted by each parttIer: Antonio E . Prats, Pesos 5,000,00; Sebastian Ugarte, P esos 5,000,00. PRECTLLA AND COMPANY, INCORPORATED Head Office: Room 310 Kneedler Bldg, Manila -Regis/c)'cd: Septembel' 23, 1937-Nationalit.y: Filipino-BI/sines!!: To engage in the whole and retail merchandising, etc.-Callitn/ Stock.' P25,OOO,00 div-
THE COMMERCIAL & l NDUSTRIAL MANUAL
422
A. E. PRATS & CO. BROKERS Organizers •
Consolidated Investments, Inc. Capital:
J"2,500,000 President
JOHN W. HAUSSERMANN Vi ce -Presid ent
ALBERTO BARRETTO Directors
1
VICENTE ALDANESE CLAUDIO ALDECOA GEO. R. HARVEY F. O. HAUSSERMANN M . KRAUT JUAN RIU JOSE E. ROMERO
• Banker:
BROKERAGE
• PROMOTIONS
502 Estero Cegado
PHILIPPINE TR UST Co.
Corne r P. Paterno and Sales jl,fa"ila
•
• INVESTMENTS
• REAL ESTATE
P . o. Box 870 Tels. 2- 11 -2 0 & 2-20-40
Cable Address: u PRATS"
Lelol Counse l: J USTICE
Claro M. Recto
•
PHILIPPINES ided into 25,000 shares of the par value of 1.1.00 cach-Sltbsc,-ibcd Capital: 5,000.00-Ca1lital Paid: 1'1,250.00-11lcorp(wato)·s: Alfonso D. Pl'ecilla, Con. suelo G. Precilla, Jose A. Uy, Agustin Precilla and Primo Perales. THE PREMI ER MINING ASSOClATION N ABAGO GROUP
Location: The Nabago Group of Lode Claims li~s :n sitio Nabago and Capalayan, Barrio Are. llano, Municipality of Surigao, Province of Surigao, Island of Mindanao. It consists of 50 full lode claims. It is accessible from the town of Surigao by launch and trail. The distance by launch is about 12 km., by trail 3 km., totalling 15 km. The course followed by launch is fail'ly wcll protected and should allow of all year traffic. Th2 tuil can ultimately bc conv~l\.tcd into a 5'/0 gradz road. Another approach to this property is by the provincial road from Surigao, turning off at Km. 10 and following the privau road thru the ground belonging to the Surigao Oriental Mining Co. and continuing or. by road or trsil to the Nabago Group. This d:stanee has be~n estimated at 15 to 17 km. Topography: The topog\aphy is one of the low general relief with local ~ccl1rl'ences of steep slopes approaching cliffs in ~Iaces. The No. 9 Tunnel portal is 300 feet above sea level. The crest of the hill over this tunnel is possibly another 300 feet higher. Watersheds are short. Gene"ut Geology: No attempt was made to study the geology of the entire group, observations being confined to the sea upon which exploration is being actively carried on within the Nabago Claims Nos. 25, 26, 32 and 33. The trail from Catu Cace where the landing is located, to the camp site shows exposure of sholes, limestone and basic igneous rocks more or less in the order named. A tunnel No.9 the first rock encountered is partly serpentinized rock, the original of which was prob. ably approaching the ultra basics. This rock will be referred as serpentine. Along the course of this tunnel is next found on andesite porphyry in con. tinuous mass as far as and beyond the Baguio Vein. In this andesite there al'e found occurrence of silicified breccias the origin of which is not evident, All the feature along the course of the No.9 Tunnel arc in andesite porphyry. St?'1tctuml a1ld Eco1lo·mical. Geology: The structural geology as shown in the exploration cross cut and drifts is fairly simple. Apparently many of the fractures in the andesite porphyry are tension
423
crocks of considerable persistence in strike. The Bnguio, Nevada and Nabago Veins are of this type. Tunnel No. 11 is driven along a persistent fault which has shown no dislocation as far as it has bcen Opened. The breccias called the Bonanza vein as shown in No.4 and No.7 Tunnels are difficult to explain as now exposed, but will be bettel' exposed by work in progl·ess. The Premier Lode will prob. ably be shown to be a deposit related to the contact between th(> serpentinized basics and the andesite porphYI·Y. There seems to be evidence developing to show that the Nevada Vein has been crossed by faults of very little movement but which have caused locally intert'Sified silicifications and concentration of values. Work now in progl'ess will clarify some assumptions made regarding the Nevada structure. About N 80 0 E 1,000 feet from tunnel No. 9 there is oreccia within the serpentine which is re. lated to wide quartz croppings. These croppings can be roughly lived parallel to the Nevada and Baguio Veins and may upon further investig~tion prove persistent fissuring in the sel·pentine. Veil~ System: Thus far five major features have been located in the order mentioned along the course of No.9 Tunnel the P remier Lode; the Na. bago Vein, the Nevada Vein, the Bonanza Vein and the Baguio Vein. The Kalibu outcrops are still to be identified as related to these features . Tile Pnmu'cl' Lode: This feature has been prospected by open cuts and shallow depth cross cuts. Samples range below a dollar and thus far have been S\lrface material in quartz and oxide croppings. No serious work has been done here as yet.
The strike of this occurrence is North 20 0 E and dips possibly 50 0 ; decidedly 11101'e than the l'emainder of the known features. The Nabago Vein: This oCCUl'rence has been prospected at shallow depth by drifts and cross cuts. Samples cut by the company have shown varying width and values. Samples cut by the writer showed an extreme range. One sample ran 10,49 oz. ($367.15 new price) of gold indicating local con· centl'ation of values. This vein is of var.ying strike. It splits, one branch striking about north and the other about 0 20 East of north. The dip is nearly vertical. Nevada Vein: This vein has been opened by two drifts on either side of a creek in a Northerly and Southerly direction.
THE COMMERCIAL & INDUSTRIAL MANUAL
424
]\lev'lda North Tlt7t1tel No. :J: This is drift on the vein from the portal to the face 232 feet long. One hundred and six (l06) feet from the portal a winze is going down. The vein is persistent for the full length of the drift. Its general strike is East of North, ranging from N 100 E to N 40 0 E. 'J' he walls nre irregular in dip but the nverage position of the fissure is almost vertical. The values ocelli' in the vein itself but at times wall samples avoiding stringers assays about ~LOO. From the portal to St.'\tion 109 the values are erratic and low. H owevel' from Station 109, fOl' 67 feet, there is a good, shoot of ore of consistent high value averaging 19.3" wide at $47.50. The walls for a foot on ench side of the vein will avcmge close to $1.00 hence a stoping width of 43" would yield $12,80, The gold values arc very free and pan· ning in the field showed fine and coarse gold w ithout crushing the samples, In the ore shoot sulphides are almost nil. NCIl.l' Station 69 there is a n occulTence of massive quartz cal'l'ying sul phi~es, One assay acl'OSS 40 i:1.ches ran $21.70, This i ~ an intel'esting occurrence becanse ~ulphide .. at this level are no l p1'esent at Stati,m 109 where a pel'sistent ore shoot has been developed,
Bo1tct?J.zu. Fein,' 1'his occUlp'ence is a breccia of undefined limits, Silicification is notirC!:lhle thl'u the mass esp(>cially along the walls close to the pOl'tal of Tunnel No, 4. The No. '1 'Ilunncl probably shows portions of this brecc.ia at Station 14, The fault structure in tunnel No, 11 is oresumed to have some relation to this breccia, I n Tunnel No.4 a sample cut 17 ft:et across t he exposures showed $2,50 average. Another 31 feet long sample at Station 81 showed $2.45, In Tunnel No, 7 at Station 74 a .10 feet long cut ran $2,10. Samples of much higher values (,'om than these have been cut by the company. They indicate crratic high values, 1'0 t he North::nst. alli.! a(!ro~s the cl'ccl{ hl'm th ii stl'uctU l'C there is an are" which may show relation to the Ronanzn especiall~' s ince the value!l on the Nevada show decided impr ovement to the :"iorth, Across cut from the Nevada in' the range of the pay at Station 109 may show some! favorable stl'UClnre in this at'ea,
Veil!: PI'ospectin'g' work has shown this structure to persist over 1,000 ft. strik ing N Bngulf)
~ n("
E and of n('luly ver tirai po:<ition. A cross cu ~ has becl! !'tarted to cut t his f(-l;turc at. dlptil and permit drifti n:;- b"io\\ tht- effect of sut'£a;:e influences,
S:'Im(Jlying by ~he Cump:\ny hav(> shO\ln "al'les :\S high as ~5,O(\, $6.00 and $8.00, The wl'ill!r's sam ple!> show a simi lar m nge C::'I'cept in lo w ~ I' "alues, One excep tion OCCU1'S in No, 19 Tunnel whe re there was one el'ratic hirh of 2.96 oz, in ~o l d ($103,60 1)l'eSent price), This "ein has r;ood prospective values and will pI'obably s how the occurl'ence of values characteristic of the Nevada Vei n ,
/{ctlibo Outcrop; In th i!: a1'ell t.here al'e b l'ecrius and another fe:1Lul'c showing vein structul'e, Pl'ospecting ha!'; :shown ,'!dues in the bl'<.>Ccia as high a.i 33 ,00 The wTit.er sam pled t.he vein structure and all vabes wcre below one dollal", Geologically the area is interesting 3nd in due time 11l'ospectinA' shoul d be done on it, Economic Sllll l'~' ,' 'fh e area being e:q)lol'ecl by Tunn I No, 9 has reached the stat.us of ,'el'y prom· i~ing prospect since preliminary field work began in Decemeber of last year, Active explol'ation begun about the middle of Mal'ch, indications W8r· mnbing t he installation of an ail' COIll\lI'eSIiOI' in August and the act ive advance of TUllnel No, 9. The Nevada Vein has bee n exposed over a length of 500 feet and shoul d l)l'esent finally a length of over 750 feet fo l' exploration in the Tunnel No, 9 level which is 130 feet below the Ne,'ada at the Pl'oposed point of intersection. The results of the work do nc on No, 3 North Tunnel point to p rom isillj!' possibi li t ies on Tunnel No, 9 level. Should conditions develop fU\'ol'ably nt this level and metallurgical charncteristic duplicate those shown on No, 3 level n low operat'-on cost can be fOJ"ccasled, The Baguio Vein l)oints favorubly toward an occurrence dupl icati ng the characteristics of the Neva(ia Vein. Its decided persistence ill length i~ f~'lVOI'able for pcrsist(>nce in depth, Gold solution~ of value have been in circulation over its lenS{th as indicated by samples, The Bonanza structure warrants fUI,ther inves· t.igation, espe<!ially in a northerly direction for the present openings,
PH ILIPPINES The Nuhago he,ll's a relation to the Nevada which may improve its economic position especially on the No.9 tunnel level. There is a possibility in connection with the Nabago, Nevada and Bonanza of development of a low grade tonnage. This should be investigated by a few preliminary cross cuts and close sampling. This is indicated by the consistent wall values which are found near the veins and which may be brought higher by stl"ingel's to a low commel'cial gt'ade.
The No.9 Tunnel will 1)I'Ove atl stl'uctUl'es along The intersection of the Premier is rather shallow being 45 ft. However, the depth of 104 feet fOl' the Nabago, 129 feet for the Nevada, 270 feet the Bonanza and 150 feet fot the Baguio Vein al'e sufficient. its course at a decisive horizon.
CamLl) and B!i1ldiJ!gs: Present camp is built on a Knoll located ab about the center of the property and near the pre\ent workings. This can be reached il'om the shore through a carabao trail of ahout 3 kilometers. There are at present six houses built of locally cut timber and roofed with nipa, that serves as quarters for the miners besi(les a company store shed and blacksmith shop. On a high hill overlookinf the miner's camp is a forty by forty comfortable stuff house for the resident engineer. Neal' the portal of the main cross cut Tunnel Nc. 9 is a galvani:r.ed iron shed about 20 by 40 feet that houses the compressEd air plant and the blacksmith shop. EqUl~pment: No inventory was made of the equipment of the company but besides the usual equipment for an exploration outfit the company have a C. P. T. compressor 285 cu. ft. displacement connected to a Buda Diesel engine, thl'ee I ngersoll Rand Jackhammers, Oil Forge and Drill Sharpener, 12 mine cars of 12 and 16 cu. ft. capacity and about 4000 ft. of 12 lb. rails. Timber is plentiful and of a grade for mining pu r poses and construction. Water is reported to be running in the stream below No.9 tunnel in all year quantities .3ufficient for a 150 ton cyanide plant. ConclttBion.: The Nabago Group has reached t he point where one of the veins, the Nevada ('an
425
be said to be entering the first stages of development. This has been done with speed and econom~·. The group is now provided with buildings for its supervising' staff and laborers sufficient for the completion of exploration. Equipment is adequate and of high grade. The No. 9 Tunnel is stl'agetically located and should be pushed to reached the Nevada Vein. Should the Nevada show as well as it has in the Nevada North Tunnel No.3, there will be a possibility of blocking out enough ore for a development mill planned on a unit basis. If the Baguio Vein proves values on its proposed exploration level, than No.9 Tunnel should be driven beyond the Nevada to reach the Baguio, meantime cr oss cutting the area North of the Bonanza outcrop. NOTE. All assay values are based on $35.00 gold. -(Sgd.) G. T. GARINGER. M i'ling E1lgineer. THE PREl\UERE-PI LI MI NING COMPANY Head Office: Cebu, Cebu- Registered: October 19, 1936-Term: 50 years -Business: To locate, Purchase, Lease and Otherwise acquire minel'3! claims anywhere in the Philippines and to explore, develop and mine said claims and minerals therein of whatever nature and to use and exploit the water, water rights, timber etc.-Nationality: Filipino-Capitat Stock: Pesos 1,500,000.00 divided into 15,00a,000 shares of the par value of Pesos 0.10 each- Sub_ scribed Capital: Pesos 500,OOO.00-Oapital Paid: Pesos 125,250.00-Inco)·porators and Vi,·ectors: Emilio Osmeiia, John H. Renner, Gasser, A. P. Deen, Agustin Duran, Go Chan, Tio Tiam, Manuel Gotianuy, Juan L. Ledesma, Jose D. Castillo, Benito Mo~ ras, Pedro Changco, Lim Yuk Su, Go Siong Mit and Leo Schmitt. (Agustin Duran, Go Chan, Manuel Gotia nuy, Benito Moras, Pedro Changco, Lim Yu k Su, Go Siong Mit and Leo Schmitt, are incorporators only)-Treasw'er: John H. Renner, Cebu, Cebu,
P . I. S. A. PRESBY & COMPANY Head Office: 703 Insular L ife Building, Manila -Nationality: Ameriean-Business: Manufacturers' Representativoe-Established: 1918-P,·opl·ietors: S. A. Presby-Telegraph: "Disap"-Bank Reference: Philippine Trust Company. Agents for: Cotex Cor· poration, Newark, N. J .; Hammermill Paper Company; Lanston Monotype Machine Company, Philadelphia; Triangle Raincoat Comp3ny, New York
426
THE COMMERCIAL & INDUSTRIAL MANUAL
City; Duplan Silk Company, New York City; A. W. PUI)er Company, Albany, New York; Auburn Knit Company, Auburn, Pa.
PREYSLER & COMPANY Head Office: 931 Hidalgo, Manila_Registered: August 26, 193G-Tcrm.' Five years, beginning September, 1936-Busincss.' To engage in import and export and in the general bus:ness of buying and selling merchandise, etc.-N,~tionality.' F ilipino Ga1lienl: Pesos 8,OOO.OO-Capiull contl'ibltte(i by roch part1le1': Florentino Ganiz, ,Pesos 4.000.00, Carlos Preysler, Pesos ,1,OOO.OO- Ol,tW(1t01'8 0/.' The Congress Novelty Supply Co., Importers and Exporters -BalIk Reference: Bank of the Philippine Islands. FRISMA'l'ONE-FILIPINAS, INC. Head Office: Gnd. Solano, Manila--Registe?·ed: October 21, 193G~'te1"1l1: 50 years-Business: To engage in the proauction of mov:ng pictures and all other things w~ch al·e necessarily connected therewith; To engage in the distribution of moving pictures produced by tht\.corpol'ation or taken from other sources-Natio1Jality: Filipino-Ca.1)i!al Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each-Sttbscribed Capital: Pesos 204,000.00-capit~l Paid: Pesos 51,000,(JO; Cash: Pesos 1,000.00; PIlfperty : Pesos 50,000.OO_ln£ol.porators an(i Di,·eqtors: Adolfo Garcia, Jose Nepomuccno, Jesus Nepomuceno, 1\f. Kraut an'd Isabel de NepomucenG--T,·eaS1u·el·: Isabel de Nepomuceno, Manila. PROPIETARIOS DE CEBU, "U'lC. H ea(l Office: Cebu, Cebu-Reuistered: November 4, 1936-Te,.m: 50 years-Nati(YfJality: FllipinG--/1tcOl·pOl·(ttol·S and Directol's: Mariano J. Cuen co, Vicente Urgello, Eulalio Caus:ng, Mamertc Escafio, Rafad M. Ramos, Pantalcon Cabrera, Regino l\lercado, N. T. Deen, Alberto R. Mansueto, Jose Valle, Julian Sanson, Paciano Bondoc, Raiael Kabalikan, Valeriano Segura and Jose S. Leyson. (Rafael M. Ramos, Regino Mercado, Alberto R. Mansueto, Jose Vano, Julian Sanson, Paciano Bondoc Rafael Kabalikan and Valeriano Segura, are inc~rporators only)_Treasure-r: Pantaleon Cabrera, Cebu, Cebu. PROVIDENT INSURANCE COMPANY. Head Office: Regina Bldg., Manila, P. O. Box I212-Nationalitll: Filipino-Bus-ineB8: General I nsurance Except Life: Fire, Marine Earthquake, Tidal Wave, Typhoon, War Risk, Civil Commotion, Malicious Damage, Motor Car, Public Liability, Prop-
erty Damage, Jewelry, Fidelity and Surety, Plate Glass, Burglary, Accident Insurance-EBtablished: September 1, I934-A utlioJ·ized Capital: Pesos 1,OOO,OOO.OO-Pai(l Up Cltl)ital: Pesos 475,100.00-Par YuIlle of Share8: Pesos IOO.OO-Aumwl Ttu""Ilover: Pesos 200,000.OO· -Resel·ve: Pesos 8,382.10--Telegraph: "Prov i dent"-Pri~lcip(lls: Miguel Unson, President; J. de Leon ~' Joven, Treasurer; E. S. Sevilla, Secretary; F. Borromeo, Vice President & Manager; Directors: Rafael R. Alun81l, FuJgencio Borromeo, J ose de Leon y Joven, Nicolas A. Lizares, Eusebio Orense, Miguel Unsoll, Placido L. Mapa, Gregorio Trinidad, Jose S. llilario-AO·eucieli: AmeriCl\n Asiatic UnJcrwriters Fed. Inc., U.S.A., Shanghai, Chinu; American Asiatic Underwritcl's, Ltd., Hongkong, V. 1.; Nationa l Exchange Co., Maniln; Financing Corp. of t he P. 1., Negrosj M. V. Hechanova, Iloilo; P. Quitu. Palllpnngll; J. P. S(\ndejns, Manila; B. L. Puna, Duvao; Gambou, Rodriguez & Rivera, Maniia-BaJJk Reference: Philippine National Bank and Bank of the Philippine I slands, I\:[anila-Historical Notes: The company was orgnniZGd and incorporated on September 1, 1934 by a group of leading Filipino businessmen to increase Filipino participation in the insurance business of
If it's 11lsllrallce, CALL
PROVIDENT INSURANCE COMPANY MANILA
Fire-Marine-Eartbquake Accident -
Au[omobiJe
Specie- Fideliry MIGUEL UNSON P,aidmt
&
Surery
F. BORROMEO MO"lll,t'
PHILIPPINES
427
THE PRUDENTIAL ASSURANCE CO., LTD. Hol born Bars LONDON, ENGLAND
Balance Sheet Fnr The Year Ending December 31st, 1936 ASSETS Cash on h;l.lld and in banks ... . Stocks and bonds ..
. . .. US$
MOTc8age loans . . Gross premiums ill coursc of collection ...
1,291,536.28 3j,348,957.61 98,225.00
62,962.61 1,517,102,868.70
All other asSCtS
LlA BlLITIES Ncr amount of unpaid losses .... . ..... .. . US.$ n9,529.70 Unearned premiums .. 4,672,759.57 Net premium rcsen'c and all other liabilities under special departments ............ . 1,')05,420,026.03 Salaries, rents and miscellaneous expeoses, due and accrued . . 73,668.75 All other Iiabilides ... 698,921.17 Surplus as reguds policyholders : Capital paid up . . . . $7,121,)12.5(}
Surplus . ............ 'C):"CI:38C)) ':C2_.4:8:_ _-.:'=~~~
42,259,644.98
US $1,553,904,'55(}.20
US $1,55),904,550.20
PROVIDENT INSURANCE COMPANY Balance Sheet, December 31, 1936
bank~~~~
Cash on hand and in .. Rcceivables .. Loans on Rul Estatc . . Collateral Loans. , Bonds.. . Furniturc and EquipmenT. D:icrf(:d Charges and Documentary Stamps .. Toral.
1>149,410.05 10,216.91 289,651.85 99,754.08 15,230.93 997.75 1,758.46
1"567,020.03
LIABILITLES Reservc Cor Uncxpired Ri sks . Rcscn'c for Claims Outstanding. Miscellancous Payable. . Accrued Taxes .. Capital Stock : 1>1 ,(l(X),(l(X).OO Authoriled . . Paid In .. Statutory Rescrve" . Surplus .
I'
20,051.00 790.80 14,618.89 4,1l9.36
475,100.00 10,349.92 41 .990.06
Total.
1'567,020.03
GENERAL PROFIT AND LOSS STATEMENT, YEAR 1936 Original Premiums Wricccn .. Rcinsurances Accepted., . . , . . Gross Premiums Wricccn. un: Rcinsuranccs Cc:ded . . .
1»157,58).48 17,527.32 1"175,108.80 135,006.79
Income From Invescrncnts ..
30,333.62
Total incomc .. Deduct: General Expc:nses Salaries and Directors' Fccs .
I) 70,109.76
PO:;~~~~~:~.h.t:. ~~l~.p~~~~. ~~~
[>
14,795.89
Net "'rincn ;\nd Retained. , . Ltll: Unurned Prcmiums . .
1> 40, 102.01
Earned Premiums. Add: Uncuned Prcmiums 1935
1~
20,051.01 11,463.95
Printing and Stationery. Rcnt . . Rctaincr Fecs .. Miscellaneous .
Total Earned Premiums . . Add: CommilSions Earncd . .
,>
31,514.96 33,083.63
Profit (rom Opcr:uions . .. Less: Incomc Tax ..
I> 44,460.57
Total Underwridng Income . UJI: Undcrwriting Losscs and Expc:nKs . .
1~ 64,598.64
Nct Profit for Ycu 1936 . . To Statutory Reservc .
I» 41,910.52 8 ,382.10
Surplus from 1936 Operations ..
P 33,528.42
Underwriting Profit ..
20,051.00
24,8U.50 1" 39,n6.14
824S6 1,205.59 960.00 3,400.00 4,463.15
-J> 25,649.19 2,550.05
THE COMMERCIAL
428
&
the country. Prominent among' the incol'pOl'atol'S are: Wenceslao T rinidad, former General Manager of the Philipp:ne Nat.onal Bank and the then Manager of the Pam panga Sugar Development Co.; Rafael R. Alwlsn, ,President of the Philippine Sugar Association; A l"senio N . Luz, D:l'cctOI'-Generai of the Philippine Exposition, lnc.; Jose Cojua ngco, wealtlly landowner of Tadae; Leopoldo R. Aguinaldo of the weU known depal't.ment store bearing his name; P. EOI"romeo, formcr Pres dent of the Bank of the Phil ippine Islands; Miguel Unsan, noted financier and fonncr Sec]'ctul'Y of Finance of the Philippine Government; Nicolas A. Lizurcs, suga r magnate and Placido L. Mapa, President, Fin ancing Corp. of the P. I. PUJALTE LUMBER COM PA NY, I NCORPORATED Head Office: 1I1anila, Philippines-Registered: August 27, 1937-N'\tionol1tll: Filipino-Bll8ines6:
To engage in the ldmber business, etc.-Capital Stock: 1)100,000.00 divided into 1,000 shares of the par value of PIOO.OO each-Subscl"ibed and Paid-in
THE PRUDENTIAL
INDUSTRIAL MANUAL Clllpital: P54,800.00 in property-hICOJ'pol'awrs: Miguel Puj alte, Felix M. Gonzalez, Luis Pujalte, Miguel Pujaite Lavin, H erminia Pujalte and Paz L. Zangl路oniz. PU l,ILAN ELECTRIC COM PA NY, I NC. HfHU/ Of/fce: ,PuliJan, Bulacan- Rflf1il)tcrod : July 29, 1935- Term: 35 years-B1Isilles8: To operate and maintain electr ic plant and fumisn light heat and power to the Mun'cipality of Pulilan, Province of Bulncnn, and elsewher e in the Philippine Islands, ctc. -Nationality.' Filipino-Capital Stock: Pesos 30.000,00 divided into three classes of shares, namely, ten shares of class "A" of the par value of Pesos 1,000.00 each, One hundred shares of class "B" of the par va lue of Pesos 100.00 each and One Thousan d shal'C!s of class "C" of the par va lue of Pesos 10.00 each-Sllbscribed Capitul: Pesos 6,300.00Capital P(lid: ,Pesos 1,650.00- hICOTJlOrfltm';( ami Directol's: Pastor D. Esguerra, Manuel Rivera, Lucio Adriano, Arsenio Gosioco and Ramon Naguiat-Secr6tal'y-TreaSUI'61': Lucio Adriano, Malolos, BulRcan.
M~NING
Co., INC.
Balance Sh eet, December 31st, 1936 ASSETS Mining Propenies ' A,!Cainst which Escrow Shares (1'527,000,00) are held and a c:uh liabiliry ( P73,00J.00) withheld pendin!! evaluation by the I)ur~au of Sci~ncc and approval by th~ Bureau of rtjOO,ooo.oo the Trea~ury. See Contra.. . Less- Nct Assets of Claim Owners taken over . . { 1,201.85 Exploration, De,路dopment and Administr.uion Expenditure: Per Schedule No . 1 Northern Properties. . Soulhern Pfoperties .. Manila Administr:ltion . . Manila ORk e Equipment; De(erred Charges : Organiution Expenditure Lc~:~~. and Incorporation Brokerage on Sale of Shares Current .... ssels: Cuh wilh Ibnl.:$, ... Accounts Receivable
1'598,798.15
P 74,616.74 22,748.28 10.217.88
107,482.90
10,422.00 35,982.50
46,404,50
,88.41 11 9.21
168,882.64 " 924,113.22
LI .... BI LITIES Capital Authoriud- JO,ooo,OOO Shues of 路I'O.OI 1'1 ,000,000.00 Subscribed In Escrow Shll'u per con tra 5,270,000 527.000,00 Fu!J~' Paid, . 2,428,750 242,875.00 Parlh' Paid . 1,567 ,000 "1 56,700.00 Ltll: Subscriptions 76,150.00 80,550,00 Receivable Tou] Subsr85Q,US 00 cribed .. 9,265,750 Shares Liability for Purchase of Mining Proper1ies, Sec Conlra : 73.000.00 La Prudential, Inc. Payable in cash Current Lbbilitic.s: 69822 Accoun1S Payable.
PHILIPPINES THE PURE CANE MOLASSES CO. (P .I. ), INC. H ead Office: Manila-Bt"a71ch: Iloilo-Natiana.lity: British-BlIsil!C8S: Buyers and Sellers of Molasses-E1'<ulblishcd: 1929-Telegraph "Canemola" -Bank Refen7lce: Hongkong & Shanghai Banking Corporation. THE P UTI ANAY MINES ASSOCI ATION Head Oifice: Putianay, Barrio of Dahat MunicipaLty of Lagonoy Province of Camarines SurNatianulity: Filipino-Ol·ganizers: Hon. Nicolas Rafols, Hon. Maximo Kalaw, Hon. Camilo Osias, Hon. Manuel A. Alzate, Hon. Maximino Noel, Bernardo Sison, Dominador B. Ambrosio, A. HaddadActit!g Officers: Hon. N:colas Rafols, President, Hon. Juan B. Reyes, Secretary, Miss Loreto Zapsnta, Treasurer. The last issue of the "Minel'al Resources of the Philippines" publisbed the fact that chl'omite has been found in Zambales, Panay, Antique, Ilocos Norte, and Camarines Sur. In this last province, South Camarines, especially in the district of Lagonoy at the foot of the Putianay mountain, this precious and useful mineral has been found in large quantities. It is precisely in this l·egion that P utianay Mines Association has its clai ms. More specifically they are located in the Sitio of P ~ianay, barrio of Dahat, municipality of Lagonoy. The Putianay Mines Association has 50 claims covering an area of approximately 450 hectares. The Philippine Engineering Corporation has made assays of samples secured from these claims and the reports showed 52.3 % Cr~03 ( Lab. No. 11307) for lot No. 3388 and 52.6 '10 Cr~O~ (Lab. No. 11306) for lot No. 3368. The assays above referred to also show iron in the or e 17.2 0/0 Fe in one sample and 52.5 % in another sample. FOl' the exploration, exploitation, and development of these m;neral claims the Putianay Mines Association has been formed. It is organized by Messrs. Nicolas Rafols, Maximo Kalaw, Camilo Osias, Manuel A. Aizate, Ma:ximino Noel, Bernardo S·son, Dom :nador B. Ambrosio and A. Haddad . The claims of the Association possess high grade ore. The Florannie Mining Company and the Lagonoy Gulf Explorat:oll Company, both leased by Benguet Consolidaled Mining Company have properties adjoining those of the Putianay Mines Association. are of high grade is therein foun'<i, besides iron. Chromium is a product which is valuable ill the iron and steel industry, group with molybdenum This element, chemicall<y tungsten, and uranium.
429
speaking, belongs in the same uses of chromium have increased man :fold in recent years. It is useful when a.lloyed with other metals in t he paint and tanning industries. Chromium compounds are utilized ill large quantities in the dye industry. Chromium is also used in the automob.le industry and in the metallUrgical trade. It is the part of practical patriotism in t his epoch of Philippine history to develop the country's resources. To this end, the Putianay Mines Associat:on has been Pesos d:vided into three thousand units at the par value of one hundred per unit. QUALITY RADIO SERVICE, INC. Head Office: 335 Echague St., Manila- RegistM"ed: April 27, 193G--Ter-m: 50 years-Business: '1'0 Engage in the Busi ness of General Merchants, and as Such to Acquil·e, Hold, Sell or Otherwise Dispose of and Deal in, on Commissioll or Otherw;se, Any of the Products of rad:o Parts and Accessories Thereto, Or Any Goods, Wares a nd !llerchandise--Nationality: Filipino-CU1Jital Stock: Pesos 2,500.00 divided into 100 shares of the par value of Pesos 25.00 each-Subscribed Capital: Pesos 1,500.00 - Capital PlJ.id: Pesos 1,250.00-blCor"};aratm's and D·:I·ectors: EflI<que M. Litonjua, Rodolfo Santos, Perseo Gamboa, Simeon Pal ino and Urbano Javiel'-Treatnu'er : Pel"seo Gamboa, Tondo, Manila. QUARTZ HILL MI N ING COMPANY, INC. Head Office: 3r d Floor, Peoples Bank Bu ilding, Manila-I ncorporated under the Laws of the Commonwealth of the Philippines-Antho1-ized Capital: 2,000 Shares No Par Value; Issued ancl Sltbscribed: Pesos 1,005,OOO.00-BQard of Directors: O. E. H art, President; J. S. Sampson, Vice-Pres:dent and T reasurer: R. Fernande:r., Director; F. S. Pal'ker, Director; .J. G. Hartman, Directol'.- A ssistant Treasw .er a.nd Sec)·eta)·v: T. S. Hclt-A1ulitoJ"s : White, Page & Ccmpany C. P. A.- Attol"lIeys: Ross, Lawrence, Selph & Cal"l"aseoso-Consulting Engineer: Ja mes Hop1dns, Geolop:ist E. M.- Millillg Engineer: F. A. Johnson, E. M.- Ba.1rk Refe,·ellce: National City Bank of New York. Quartz Hill Min'ng Company propert:es are located at Kilometer 57, Mountain Trail, Benguet Province. The Company also holds operating contract with the Nayak Mining Corporation in the Suyoc District. QU E GUI & COMPANY Head Office: 224 Sto. Cristo, Man ila-Register_ ed: March 14, 1935-Ter-m.: Tem 'years, from Jan-
430
THE COMMERCIAL & INDUSTRIAL MANUAL
uary 2, 1935-BIlSi1l6SS: Importing and exporting Merchandise-Nutiomtiity: Chinese-Ca.pital: Pesos 18,OOO.OO-Capitcll contl";imtcd by each partner: Que Gui, P esos 3,000.00 j Lim Chee Sing, Pesos 3, 000.00; Sy Yian, Pesos 3,000.00; Gaw Koan, Pesos 3,000.00; Chua Boc, Pesos 3,000.00; Go Chuan, Pesos 3,OOO.OO-Ma1Iagel-: Que Gui. QUING CHUAN &. COMPANY Head Office: Calle P. Dacus No. 41, ManilaRegist.c,-cd: March 23, 193G-Tenl!: 25 years, from March 17, 1936-Bl!si1!68S: Tobacco Mercha nts; Cigars, Cigarettes, and Liquors, etc.-Nationality: Chillese-Ca7n'tal: Pesos 30,OOO,OO-Ca.pital contri· buted by each 1)M'tlle,': Quing Chuan, Pesos 10," 000.00; Quing Lian Seng, Pesos 10,000.00; Co QlIa, Pesos 10,000.00-J11(U/(tgcr: Quing Chuan.
N. QUISUMBING & COMPANY Head Office: Roofl 407, Pel'ez Samanillo Bldg., Manila-Registeud: November 20, 1936-TtH"m: 50 yeal'S-Bllsiness: Stock Brokel's; Agents 01' Representatives-Nat·ionolity.\ Filipino-Capital Stock: Pesos 200,000.00 divided i~to 2,000 shares of the pat' value of Pesos 100.00 eaell-Subscribed and Paid Cwpital: Pesos 200,000.00-1~,corpo1·(ltors u1!d Di· rectors : Ramon S. Araneta, Norberto Quisumbing -T1'easltrer: Ramon S. Al'aneb, Manila. R.C.A. COMl\IUNICATIONS. INC. Hcad Office: 66 Broad St., New York Cit.yManila Officc: 6th FloOI' Insular Life Building, Plaza Moraga-NutiolW/itU: American-Bllsi7!ess: World Wide Radio Telegraph Service in €onnection with Westel'll Union-TeleY)'uph: "Radiocorp" RADI GOLD & COPPER MINES CO. H m<l Office: Rivenl and David Investments, Inc.- Promoters: 422 Raon, Manila-In Process of Organizat.ion- Autllorized Ca,pita/: 1)a.,000,000.00 divided into 20,000 units 01' 5,000 shares eacb unit. One sha re 1)0.01 or P50 .00 pel' u:!it as minimum reservation-Boln'd of Tl'lIstees: Don Alfonso de Leon, Chairman, Assemblyman Olegario B. Clarin, Don Antonio Garrido. Don Alej~ndro Rivera, D ona DonaL'l C. d:! Macabulos, Uy Sing, Geronimo G. Esguerra, Don Juan J. Bu.:!nafe, D on Apolonio Rivera, Hon. Leopoldo M. Alba, Atty. Ariston 1. Rivera, Matias Cuadra, Dr. Mateo C. Sipin. Engr. Gregorio BG. David- Technical Staff: B ern~ rdo R. Cuest.1., Consulting Mining Engineer- Legal Counsel: Rivera, Boniracio and Tolentino-Bntl/; Refel'ellcc: PhilipJ'line National Rank.
The pI·opel·ties of the ol'ganization, which consist of two mineral gI'OU[lS at 50 lode claims each group, have been inspected and examined by Mr. Bernurdo R. Cuesta, competent Licensed Mining EnS'ineer~ on .June, 1937. According to said Engineer Cuesta, these properties arc predominantly mineralized with copper as the primary mineral· ization found in gl'eat quantity. The Ore, it is to be added, aside from the fact that it has the commerciul quantity, it is also being rated as one of the highest in quality, as proven by the assay results of t.he Adamson School of lndustl'ial Chemistry, which gi\'es 43.60 9'D pure. The Organiza tion has, furthermore, numerous option-contracts with various ciaimowners, of which three are meeting favorable consideration by the Management. These arc Lhe two groups in Aguilar, consisting 125 lode copper claims located adjacent to the properties of reputable mining corporations, namely: the Philippine Mineral Corporation, Nlpa Grove Mining Co. and the Radi Gold and Copper Mines Co., and while it is true that in these first two mineral g roups there has heen conceded by our experts, as among the best mineralized in the neighborhood, it must be also true in the Gold Placer, in Pozol'l'ubio, of which the general geology further indicates evel'r possibilities of a payin~ mine, aside from the fact that from t.ime to time the people nearby, has made the panning of gold their loeal industry. Like the copper, this property is being neighbored by the no-less progressive mining concern, the Mal'sman & Con)pany, as it lies parallel to its would·be factory site. Presently, the organization is considering various negotiations with several corporations and foreign capitnlists ill (,01ln('{'Lion with the Ore production will thereafter be produced by the Enterprise. Amons: these are 'l'llihei Kogyo Babushiki Kaisha of Tokyo, Japan, i\linistl'O Delle cominicazioni of Rome, Ital y, V ~ l'eini~te Deutsche Metallwerde A.-G., Hel'seh Kuffer,-Und Menir.'J:: w('l'ke A.-G., and the DureneI' Mellliwerke A.-G., all from Berlin, Germany.-(Sgd.) G BC. D ,\VlD. GCJ!('rnf Mnnager. August, 1937. RADIO WEALTH CORPORATION, rN C. H eM Office: 131 Leg-arda, Manila-Registered: October 24. 1935-Term: 20 years-Business: Manufacturing, Buy:ng and Selling at Wholesale and Retail Radio Apparatus, Accesories and Spare Parts in Particular and Any Article of Merchandise in General; Importing aJ\d Exportring-:VotionaLi fll:
PH ILIPPINES
431
Filipino-Capital Stock: Pesos 24,000.00 div:ded into 480 shares of the par value of Pesos 50.00 eachSubscribed Capital: Pesos 9,600.00-Capital Paid: Pesos 5,200.00-hlcoT1JOratO)'s and Directors,' Domin~ go M. Guevara, Bonifacio Bernardo, Antonio Rivero, Gervasio de Jesus, Miguel Martin Reyter, Miguel ZiaJcita and Francisco J. Donato--T1'easurer: Bonifacio Bernal'do, 536 M. Ocampo, Manila.
of Starch, Sugar and their by-products, etc.-NatiOllality: Danish-Ca,llital Stock: Pesos 300,000.00 div:ded into 3,000 shares of the par value of Pesos 10000 each-Sltbscribed Capital: ,Pesos 60,000.00Capital Paid: Pesos 15,000.00-htcorporators and Directors: N. B. Bach, Frank Hodsoll, V. H. l\Iasefield, G. M. Bridgeford and Francisco AgtarapTrea surer: V. H. Masefield, Manila, P. 1.
RAINBOW EXPLORATION CO" INC. Head Office: Iloilo, Iloilo-R egistered : November 11, 1935-Term: 50 years-Business: To Locate, Purchase, Lease, and Otherwise Acquire Mineral Claims Anywhere in the Philippine Islams, and to Explore, Develop, and Mine Said Claims and Minerals Therein of Whatever Nature, and to Use and Exploit the Water, Water Rights, TimberNationality: Filipino-Capital Stock: Pesos 1,000.00 divided into 1,000 shues of the par value of Pesos 1.00 each-Subscl"ibcd Catpital: Pesos 20,000-Ca.-. pital Paid: IPesos 50.00-lncorpo)·ators and Dircctors: Mariano Basa, Jose Litonjua, John Eggling, Veora Daniel Gourlie, Hermann Schroeder, Perfecto Mendoza and H. F. Goudie. (Jose Litonjua and Perfecto Mendoza, are incorporators (lnly)-Treasurer: John Eggel ing, Manila, . I.
M. RAMOS & SONS, INC. Head Office: Cobbato-Natioll(l.lity: Filipino -Bliitiness: To acquirl'! forest conc'.!ssi,ms and operate mills, ete.-CalJi((l Stock: 1' 95,000.00 div:ded into 950 shat·cs of the par value of PIOO.OO eachSubscribe(L Capito!: 1'20,OOO.00-Capital Paid: 1'5,000.00- lncol"}J(ll"Utol·s: Mal'iano Ramos, Ra~'mun do Dizon, Hermelinda Ramo<.: Dizon, Romulo V. Ramos and Maria LlIz Arceo Ramos.
RAl'tfCAR, INCORPORATED Head Office: 110 P. Faura St., Ermita, Manila, P. I.-Nationality: Filipin()--'-Bu siness: Importer, Exporter, Manufacturer & General MerchantEstablished: 1918-AuehOfli:zed C"rtpital Pesos 500,· OOO.OO-Paid Up Capit..al: Pesos 146,000.00-Annual Tunwvel': Pesos 25,000.00*-Reserve: Pesos 52,000.00- Telegraph: Ramear - Codes Used: Western Union, Bentley-Branch Office: 342 M. R. del P ilar-P1"incipals: Ramon Caro, IPres. & Gen . Manager; Dircctors: Jose J. Caro, Mrs. C. P. de Caro, P . Maisog and A. Resites-Agencies: Throughout the Frincipal Cities & Towns of the PhilippinesBank Refaences: China Banking Corporation ; P hilippine National Bank-Historical Notes: Began with small capital as a Service Battery and Electrical Station. Now Manufacturer of Oriental batteries-Maintains Repair Shops & Service Stations. RAMONA
M IJ~LI NG
COll.IPANY
Head Office,' Samanillo Bldg., "K1anila- Regis-
te1'ed: May 29, 1936-Term: 60 years-Business: To Acquire, Construct, Maintain and Operate Mills, Works, Factories, Refineries, Mach:nery, and Appliances which May be Used iT1 the Grinding of Cassava Roots, Sugar Cane and the Manuf acture
RAMIREZ & ORTIGAS Head Office: Manila-Registe"ed: January 20, 1936--Te"m: Two years, until Decembel' 31, 1937Busilless : Law Office-Nationality: Filipino--Capi~ tal: Pesos 1,50000-Ca.pital contributed by OO1ih 1JUrtnc1': Joaquin Ramirez, Pesos 500.00; Rafael Or... . tigas, Pesos 500.00; F r ancisco Ortigas, Pesos 500.00. A. C. RANSOM PHILIPP INE CORPORATION Head Office: 717-721 Florentino Torres, Sta. Cruz District, Manila-Nationality: Filipino-Bu.si_ ness: Printing Inks; Printing Machinery and Supplies; Paper Merchants- EstabUshed: 1933-Pn'ncipal : M. C. Hernandez, Vice-President & ManagerCapital: 2,000 Shares without par Value-Telegraph: "Ransom"-B(l.nk Rcference: P hilippine National Bank. RAPID BROKERAGE CO., I NC. Hrad Office: 506 Dnsmarifias, Manila-Regis_ tered: March 28, 1936- Term: 50 years-B1Isiness." Customs Brokerage, etc.-Nationality." FilipinoCapital Stock: Pesos 40,000.00 divided into 400 shares of the par ,'alue of ,Pesos 100.00 each-Slwscribed '!.lld Pa.id Crvpilal: Pesos 10,000.00; Ca.s ro: ~esos 3,460.80; P roperly." 6,539.20-hlcorporator a.nd ~irectors : Jose Ycasas, Roman Zafra, Benito Chak, C~l!n Cuan Yew, Ang Giok Chip, Kom Kong and Yong Ten. (Kom Kong and Yong Ten, are directors only)-TreallureJ': Ang Giok Chip, 622 Nueva. Binondo, Manila.
THE COMMERCIAL
· 432
&
RATTAN CENTER INC. Head Office: Angeles, Pampanga-Registered: September 9, 1937-8/18;11688: To ma nufacture fur-
niture made of metal, wood 0 1' rattan. etc.-Nationality: Filipino-Capital Stock.- 1'30,000.00 divided into 300 shares of t he par value of PlOO.aO eachS1Ibscl'ibcd Capital.- 1'6,OOO.OO-Cftpital Pui</: P3,OOO.OO-incol'poratol"s: Manuel Lazutin, Dr Jose Tayag, Mrs. Amanda H. 1'ayag, Josefina Tayag and Leon Tayag.
RAPU RAPU GOLD MINING CO, I NC. Head Office: 456 Dasmariilas, Mani la-Registtred: September :1, 1936-Tel'1n: 50 years-Busi111;/;8: Mining in all its Phases, Branches; to Engage fn and Can'Y on the Business of Milling, Concentrating, Convcl-ting, Smelting, Treating, Preparing for l\'lnrket, Manufactul'ing, Buying, Selling, Exchanging and Othe 'w ise Producing and Dealing in Gold, Silver, Coppe]', Lead, Zinc, ,Platinum, Brass, I ron and all kinds of Ores, Metals and Minerals, etc.-No.ti01!(tlity: Filipino--Capital Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0.10 each - Slcbscnbed Capital: Pesos 352,000.00-Callital P{fid: P~sos S8,OOO.OO-l nCO}'pomtors and Directors: Robert Hill, L. P. Mitchell, Cirilo Lim, R. J. O'Neill, H. V. Campbell, Pompe:.'o Dinz, Antonio A. dOllza les, Jose Rivera Yap, Mal'iano Curagay and Al~'edo l'Il. Lustre. (Robert Hill, L. P. Mitchell, Cirilo Lim, P. J. O'Neill and H. Campbell, are incorporators only)-TI'easW'e1': Alfredo M . Lustre, 1\Ianila. RAY:.\1UNDA REYES Y COMPA&IA Head Office: No. G45 Ave. Rizal, Manila-RegistenJd: June 27, 1936-Tel'1n: 50 yeal'S-B1tsines8: Fishing within the Manila Bay-Nationalif;y .. FiJiJ)ino-Capitctl: P esos 4,000.00-CWlyital contribltted by each purtll£1': Raymunda Reyes, Pesos 1,333.33; Dolores Paterno, Pesos 1,333.33; l\1artin Paterno, Pesos 1,333.33-Mll1lageJ': Raymunda Reyes. REAL CO PPER MINE AGENTS. INC. Head Ofiice .. lloilo--RcgisteJ'ccl: September 16, 1937- B l! si1!e88: To act. as general 01' oper ati ng manager of manufacturing, mercantile and industrial eoncel'n, ete._ Nati01wlity: Fil ipino--Capital St(lck: 1"800.000.00 divided into 8,000,000 shares of the par value of 1"0.10 each-Sub8cribed Cllpital: PI 60,000.OO-Capital Paid: l'40,000.00-lncorporat01'8: Manuel Galatas, Tomas Serra, Fernando Reguers, EUj:!en io Lopez. Jesus Esteban and J unn PIa. F . REQUERA
Heud Office: noilo, P . O. Box: 232, n oilo.
INDUSTRIAL MANUAL WILLIAM H. RENNOLDS COMPANY He-ad Office: Manila-Nationality: AmericanBlCsillcs8" Genera l Importers; Manufacturers' Agents-Established: August 1927-Capital: Pesos 250,000.00-Pa1· Value of Shal'e8: Pesos 100.00-Incorporated under Philippine Company Laws-Telegraph.. "Rennolds"-Ba7!k Refcrence.- NaConal City Bank of New York; Philippine National Bank; China Banking Corporation. RELENAS AND S I KAT H ead Office: 275 Constancia St., Sampaloc, Manila-Registel'ed: December 11, 1936-Term.: Five years, Begintling November 2, 1936-Busiu€ss: Painting-Nati01tality: F ilipinc--CcWit,al: Pesos 3,000.00-Capittll conU·ib7It.ed. by each part'II6/': Valer iano R. Relena:.., Pesos 3,000.00, Esteban Sikat, Industrial- Mlflwfle1': Esteban Siknt. REN'NCO MANUFACTURI NG CO. Head Office: 129 Juan Luna, Manila-Refli~ terec/: August 20, 1935-Tel'm: 50 years-BlIsilI6S8: To Engage in the Manufacture and Sale of Products and ~y_Products of Cereals, Fruits and Vegetables, Meat, Fish and all other Food products or Com· ponents of Food; Also in the Manufacture of Drugs. Chemicals, Essential Extracts of all Kinds, etc.Nationality: Americnn-Capital Stock: Pesos 25.000.00 divided into 250 shares of the par "alue of Pesos 100.00 each-Subscdbed Cap 'tal.. Pesos 5,000.00-Capital Pai(i .. Pesos 1,400 00_l7lcorpoTCI~ tors aJld Directors: Wm. H. Rennolds, Wm. H. Rennoldt>, Jr., A. Rcnnolcls, P. Rennolds. and F. Franco _ TrelLiHtrer: Will. H. Rennolds. 129 Juan Luna, Manila REPUBLIC PUBLISHI NG CORP. Hcud OfficI..: 228 Magallanes, Manila-RegiJlt. ered: l\1arch 3, 1936-Tc'-lIt: 50 years-H" flil/e.~8: Proprietors a nd Publisher s of Newspapers, Journals, Magazines, Books, etc. - /V(ltionulity: Filipino _ CU11itcil SLOc/.': Pesos ;JO,OOO.OO divided j"lt o 6000 shar es of the par ,';lllle of Pesos 5.00 eaehSlIbscribed Capital: Pesos IG,700.00-C(Ll/ital Paid: Pesos 4.250.00-lttcorporutors alld Direc!.OT/f : Diosdado G. Villa flores, l\\'elino Villaflores, Cresencio T. Balasbas, Godofredo Villaflores and Daniel S. Pangilinan-TreuslCrcr: Avelino Villaflores, 228 Magallanes, Manila. RESTAURANT DE PARI S, I NC. Head Offiu: Manila, Philippines-RegilJfaed: November 24, 193&-Tcrm: 50 years-BwmU'",.. : Coffee-Houses, Restaurants, Inns, Eating Houses.
PHILlPPINES Taverns or Places of Entertainment and Refresh~ ment, etc.-Nat'i!)'I1alitll: French-Capital Stock: Pesos 30,000.00 divided into 3,000 shal'es of the par value of Pesos 10.00 each-Subscribed and Paid Capital.- Pesos 15,aOD.DO-Incorporators and D il'ector: Andre Savary, Gladys Savary, ]Hariam Gable, Paul Malone, Leopoldo Kahn and Mereel Peyronnet. (Mariam Gable is incorporator onl y)-T路re.asltreI': Gladys Savary. 233 Isaac Peral, Manila.
RESTITUTO TIENZO & COMPANY H ead Office: Manila , P. I.- R egiNtfH'erl: October 18, J935-Tfll"llt: 50 years from Octobel' 11, ]935HIISiIJCS8: Customs Brokel"age-Nat iQlI{dity : Filipi. no-CI/Ipital; Pesos 6,aDD.aO-Capit.'ll contrib!~ted by each partner: Adela de Belen Vda. de Tienzo Pesos 2,000.00; Lucio Tienzo, Pesos 1,500.00; Lucio Tienzo, Pesos 340.00; Restituto Tienzo, Pesos 2,160.00Manager: Adela de Belen Vda. de Tienzo, Lucio Tienzo, Restituto Tienz,o and Francisco Corrales. RIO GRAN DE MI NES, INC. Head Office: 174-178 J uan LUJ1a, Binondo, Manila- Registered: October 12, 1936-Term.: 50 years -Business: Mines, Min ing Rights and Metalliferous Land, and Any Interest Thel1ein, and to explore, Work, Exercise, and Develop the Same-Nationali ty: Filipino-Capital Stock: Pesos 500,000.00 divided into 50,000,000 shares of the par value of Pesos 0.01 each-Subscribed Capitu-i.: Pesos 100,000.00Capital Paid: Pesos 25,000.00 _ [m;orpora tO'l"s and Directol's: Benita Santos, Constancia de Guzman, PI'ancisca Santos, Conrado A. Uy, Andres R. Camasura, Elias Abeles and Teofilo Astudillo:--Tre/Z.~颅 urer: Constancia de Guzman, 1625 Dagonoy, Manila. RIZAL CE MENT CO MPAN Y, 'INC. H elld Office: 8 Muelle del Banco Nacional. Manila, P. O. Box 254-Pactory: Binangonan, Rizai, P. I.-General 1I1arnagel's: Madrigal & CompanyBusiness : Manufacturers of Portland Cement-Telegmplt Address: Carbon or Madrigal-Codes: Bentley's Complete Phrase, Bentley's 2nd Phrase, Boe's, Acme, Scott's, A. B. C. 51i1 edn., A. B. C. 6th edn., Universal Trade Code, Western Union 5 Jetter edition, Buenting's Code 2nd edn. ROENSCH & VALDES HeAd Oftice: 465 San Vicente, Manila, P. 1.Nationality: German--Filipino-Busil'Iess: Stock and Bond Brokers, Promotions-Established: October 1, I936-A Itthorized Capital: Pesos 200,000.00-Pa.rt_ "ers: G, Adolf Roensch, Gonzalo R. Valdes-Tele-
433
9}'"o.1)/I: "Gurgon"-Bank Reference: Bank of Ute Philippine Is lands.
ROOSEVELT HIGH SCHOOL Hefld Office: Piddig , Ilocos Norte- R egistered: March 14, 1935-TeTms: 50 years-N{ttionp.ljt路y: Filipino-Capital Sf.ock: Pe.!los 10,000.00 divided into 2,000 shares of t he pal' value of Pesos 5.00 eachSubscribed Catpital: Pesos 6,000.OO-Capital Paid: Pesos 2,OOO.OO-htcQrl,orator8 '"n d DirectOT,~.' Emilio E. Ventura, Jose p. Pimentel, Justo A, Arque_ 1'0, Rev. Fr, Gregorio Baquiran and Macario A. Suguitan-TreasztJ'e1': Jose P. Pimentel, Piddig, 1I0cos Norte, ROOSEVELT STEAMS HIP AGENCY, INC. H ead Office: New York City-Branchell: Throughout bile Far East-,lgents fO": Kerr Steam~ ship Company; Silver Line; Prince Line; Pacific Java Bengal Line; Kawasaki Kisen Kaisha. JACOB ROSENTHAL & CO., INC, Head Office: Regina Building, Manila-Business: Business a nd FiJ1llncial Agents; Organization and Management-Established: 1933-P)'incipals: Jacob Rosenthal, Arsenio N. Luz, Isaac Bar za, T. M. ,Jord an-Telegraph: Rosentac-Bauk R e~ ferellee: Chartered Bank of India, Au st r a lia and China. RO Y INVESTMENTS & SECU RITIES CORP, Manila Oifice : Ysmael Rldg" Echague-Natiollality: Filipino-Bltsines1l: Promotions, Stocks_ ilIan_ agement-Estublisiled: 19:16 (Head OHice); 1037 (Branch Office) -A uthol"ized G.'1pital: Pesos 300,OOO.OO- Pttid Up Cltpitul : Pesor 60,000,00 _ Pat' Val11c 01 Shatres: Pesos O,10- P"i1lci,Xlls: J ose J. Roy, President, H, J. C. Corvera , Manager; Ong Hing Liang, Brallch Manager- Branch.' West Pa_ cific Building, SUl'igao, SUl'igao-Ba?ll.~ Referene'!': Philippine National Bank. ROYA L PARACALE MINES, I NC, Hqul Office: 6th. FloOI' S, J, Wilson Building, 139-143 J uan Luna, Manila , p, I , - Busmess: Mine Operators-EstabUs hetl: April 1037-Princ!pals: S, J , Wilson, President, B. H. Silen, ViceP resident, J. George, Tl'easurer-.4Itthorized Ch-pital: Pesos 2,000,000- Pllid in Capital: Pesos 1,000,OOO.OO-POT Vallie of Shan!s: Pesos O.IO-Bank Rslet'ellct: Charter ed Bank of India, Australia & China,
41~ 4 ____________~T~H~E~ C~ O~ M~M ~E ~'R~C~I~A~ L~&~I~N~ D~U~S~ T~ RI~A~L~ M~A~N~U~A~L~______
ENCYCLOPEDIA OF THE PHILIPPINES Profus ely Illus trated- In Ten B eautiful Volume s The Firs t and Only One of Its Kind
The Library or P hilippine LiterAture. Ar t and Science. Indispensable to t he Library, the Office, l he H ome: and School.
"IT IS A
M,ONUMENT TfJ OUR PROGRESS"
A Glimpse into the Contents of the Boo k of Philjppine Knowledge: Vo l . I. LITF.R A1'u n F. H i. tory or Philippine L itc roturc; Spllnioh, £nKlish lind Verna_ c ular Filipino Pro~ and P oetry. Ancient Boob. Eorly P rint· inll . . The: Ten Best Boob ,of t he Phil!ppi"!u. t OOl ,P hilippine Soyi nlll Dnd Proverb,. DicllonD.)' of Ph,lipPine Quotel,O'''. The Philippine Mu.." in color, by Fcrnondo ArnDrlolo.
YO I. II . 1I 10GltA I'II Y The Bllllle. t N umber o f Philippine
Bio~rDphi~!
E ,v cry ~scm·
~!~toT~~~tl:h~ Q~;~r~~t~~~te~~rre~k~~ft~n or~m~f~~: o~:r3~~:
eii ner. ;n the AnnClb o r PhHlpp!ne Culture nnd C.v!hzotlon.
Vo l . II I. CO Mf>n; Il C i: AN I) I N IJU STI(Y . . HI _(Cl ry o r P hilipp!ne Commerce. Pr lnCl pl u o r. BU'lne~l. BU l inc n Adm ini.trCllion . BUl ineas Philolophy o r P rom ",ent Phil. ippine M erehnnt.. Commerclnl Stntl"tic l . P. I. Im po rt.!! nnd Ez. por n . DiITerent L ocp l Produ ct. nnd Imlu ltrjes . Economic C.on. dition. in thc Phili ppine !oIClnd.. Tron . porlollon nod Communlco. tion. I nvnlunblc BUli nel" DlllO.
VOI'lr~ 'i:~~~ Ph iUppinc.: Archi tecture. Pn in t lnlt, Sculpture nod M u,ic. E"AY I on Art by PromInent Wrlt~ ...; Filipino Arti 'l;& ond their Work ,. Ancient Filipino Art. Pn"'tlnJ.~ ~y Luno, R " doliO, Dc In R oto, Amonolo, nnd other modem Flhplno Artlltl. Vo l. V, RO UCATIO N AND RR I. I GION vllte
. '
~~~II(f~biICE~~~:~~i~n~r 'ptll~p:r~~ S~:\~~c!i1:Ite,:.~'~~d J~i:
vcr. ities. W ork or Fil ipino Kdu cll to.... Religion in th e Philippinel PAtt and prCIent.
VO l. VI. GOVERNMENT AN I) I' OLI TI CS From t.h e Code o r KnlontlAw to the Constitution o r the Philip. SUUU1e ror L iberty. Thc Philipp ine. be rore the
~~';id. Th e
Vo l . VII . SC I ENCE G cololtY ond M in ernl Reaou.ee. ond Di.tribution or Li re In the Philippine., Floro nnd FllunP of lhe Iolllnd.. Med ieinal Pl an~. MedIcine and Surl/e ry. Sclcntific R ocll.c he •.
Vo l. VIII . IIIS'I'O lll'
Phm:~i~~P~~~~IU~~~~rYA~erl~l:n 1~:cn~~;'II:.,~e ~fl~:!!.~h ofi!'~~
Prov ince , t Ol/ether wIth the Le ge nd. o f the Mlln ld pll litles of the Philippin e Arch rpe lnllo.
Vo l. X, CF,NF, R AI. I NfO RM ATION Trllvel In the Philippines. 1klllllY Spota Ilnd Sc~n ie Wood."... Thinlll to Rem ember . EllrLy pmplno CUltoml lind S upc:roti tion •. Notionn lOdenllC. Portl, P opullltion. Other I ndilpenp,ble Infor· mOl;on. Importllnt Evcnta In Ph lllppine H illory. Firn YIICtll About th e Phlllppinel, BlbliOlrllphy. IN DEX.
Publiohed by
PHIL IPPINE EDUCATION COMPANY, INC.
So le Distributor
MANILA PUBLISHING COMPANY p, O. B Oll: 620
CI! BU
Tel. 2·2 1·3 1 a ranchco at: ILOILO
BAOUIO
PHILIPPINES
435
RUBY 'S INC.
ROYAL GOLDFIELDS MINING COR P . Head Office: Manila, Phiiippines-Hcgistcl"ed: J anuary 8, 1937 - TeTln-: 50 years - Business: Mining-Nationality : Filipino - Capital Stock: Pesos 300,000.00 divided Into 30,000,000 shares of the pal' value of Pesos 0.01 each-Subscribed Capital: Pesos 60,OOO.OO-Clipitut Pui(l: Pesos 15,OOO.OO-hlcor,JOratol"s.- Quirico Abeto, M. C. Pena, Agustin Seva, LeoneI' Montilla, Mrs. Luis B. Santos, S. O. Lindogan, Mercedes Montilla, Domingo Ponce, Eduardo Esteban, Aurora Montilla, Jose Nessia, Josefa M. Penn and P. A. Maonyag.
Recut Office: 423 A. Mabini, jHanila-Registered: June 20, 1936-TeMn: 50 years-Business : Importation and Exportation of l\leroi1andise, etc. Nationality: Filipino - Capifttl Stoc/~ : Pesos 5,000.00 divided into 100 shares of the pal' value of Pesos 50.00 each - S~,bscribed alld Paid Ca;pital: Pesos 2,100.00-Incorpomtot"s alieI Directors: Donas Juana Vda. de la Hoz, Maria de Aranaz, Concepcion de la Hoz, E speranza Wheeler and Concepcion Diaz-T7'easw'er: Concepcion Diaz, 415 Vermont, Manila.
RUYAL MASB .... TE GOLD MINES H ead Office: Manila, Philippines-Registered; Septem ber 21, 1937-N(~t-ionality: Filipino-Busil1C68: To mine gold, silver, copper, lead, etc.-Capital Stock: 2,000 shar es of no par value-S!tbsc"ibe(l and Paid CWl'itaL: P2,000.00-hlcorporotol·s: Manuel Lim, J ose Limjap, W. Sielski, Cirilo C. Maceren, Ramon L. Escasa, A. Maiialac, J. R. Siebert and Jose A. Enrique.
SFD, INCORPORATED ll cftd Office: Rooms 108-110 Crystal Arcade, Manila-Registered: August 23, 1937- Nati01!ality : Filipino--Business: To acquire, hold and deal with securities. etc.--Capital Stock: PlO,OOO.OO divided into 10,000 shares of the par value of P1.00 eachSl.lbscl'ibed Capital: P10,000.00-Capital Paid: P2,500.00- i1!co)'pol'atoJ's: Carl Hess, Jr., Wm. 7.eitli n, Ellsworth Tuplin, Miguel Simon and R. Agravante.
ROYAL SHOWS CO., INCORPORATED H ead Office: Guagua, Pampanga-Registe"ed: December 17, 1936 - T erm: ~O years:-Bu.siness Motion Pictures-National ity : Filipino - Capiwl Stock: Pesos 49,000.00 divided }nto 980 shares of the par value of Pesos 50.00 each - S!tbscribed Capital: Pesos 9,800.00-0apital Ppid: P esos 6,175 .• OO-hworporat(!rs: Esteban G. Lapid, Alfredo Nacu, Candido Rodriguez, Guillel"mo Limson, Eulogio Cucusco, Brigido Valencia, Emeterio Reyes, J ose Gonzales, Daniel Mercado and Alberto Sunglao.
R. SABINOSA & SON. Head Office: 456 Dasmal'ifia~, Binondo, Man ila, Phi.lippines- Nationaiity ,' Fiiipino--Bu sineRs: Im-
BRIAS ROXAS, INC. Head Office: Bdas Roxas Buildinf, 71 Escolw, Mnnil a-Nat-iolwlity: Filipin o--B1!siness: General Retail Merchants - Tcl eg)'apl~: " Brirox" - P1-i:vate Llmited Company-Enrique P. Brias Roxas, Pres. ami Gen. Mgr., Ramon J . Fernandez, Vice-Pres., Antor,io Brias, Director, Mariano Bdas, Managmg Directo)' and Treasurer, L~opol d o Brias, Director. ROXAS Y COMPANrA H ead Office: 719 Echague, I\'l anila-Nat'ionality: Spnnish:Busil1ess: Sugar Mnnufacturer s, General Merchants, Exporters, Insurance Agents, General Managers fOi' Central Azucnrcra Don Pedro-Tel oQI·a.ph: "Roxas"-Antonio Roxas Gargollo, Partner and Manager; Jose Roxns Gargollo, Partner.
G. A,dol fo Roensch
GonzaJo R.
valde~s~I
ROENSCH & V ALOES STOCK
(7 BOND BROKERS PROMOTIONS
MEMBERS ;
INTERNATIONAL STOCK EXCHANGE 465 SAN VICENTE MANILA, P . I.
P. O. Box 2401 Cab/t AddYtJI: "GARGON
TELEPHONES: 2- 1)~56 2-31-87 EXCHANGE: 2-87-85
THE COMMERCIAL & INDUSTRIAL MANUAL
436 porters
and
Exporters,
Manufacturers
Agent--
ident, Miguel Simon, Director, Myel' Har ris, Directol', Rafael R. Alunan, Director, Enrique P. Brias Roxas, Director, F . Segado, Secretary and T reasurer, Casimiro L. Garcia, Assis:ant Secretary a nd Treasurer, Frank B. Ingerso ll, Attorney-Audiwrs: Fleming and Williamson -- BUlI/, R eference: The Bank of the Philippine Isla nd s.
Established: 1927 (Head Office); 1936 (Branch OfCice)-Codes Used: A cme's BentleY's-B'ranc.h Office: Manila-P1'incipals: R. oabinosa, D. S. Sabillosa-Auent. /0)': H. B. Mi lls, San Francisco, CaliL; M. La Rue Corp., Chkago, Ill inois-Ba1!k Re/e1'cnce: Philippine National Bank, Manila. SA H AGUN & FORTUNA lNC. Head Office: San Pablo, Laguna- Registered: October 7, 1937-Business; To buy and sell copra and other products of the country-Nat'io1luiity: FiJipino-Cuq)ital Stock: P50,OOO.OO llivided into 500 shares of the pal' value of PIOa.DO each-Subscribed Capitlti: l)lQ,OOO.OO-Cftpital Paid: 1)3,000.OO- i n. curporators: Benedicto Badeta, Sofio Sahagun, So· cono Fontanilla, Leonila Sahagun, Antonio Saha· gun, and Lconcio Fontanilla.
Officials of t he compa ny I'eport that production for August, 1937, amou nted to 1>35.467.00, up PS,OOO over Jul y's output. The mill tl'<1ated 6,420 tons of ore. In June, 1936, a geo physical examination of the ground adjoining t he northeast and southeast part of the mine and a rea around t he Hess Shaft was completed. This work was done by the Geo· physical Frospecting Corp . of Manila. A cr03scut was driven from the Borlega Veill drift to cut a structure indicated on the surface. A small vein was found and explored west for 219 feet. Some values were found. This work will be continued. The Victor Crosscut was driven 332 feet but has not cut the vein yet. Cr osscutting is being carried on in the H ess Shaft East and West tunnels, in an endeaVor to pick up the vein. Good values were
SA LA COT MINING COMPANY H ead Officf': 3rd "!\Ioor, People Ba nk Bldg., P . O. Box 1525, Manila-I~orporated under tile laws of the Philippi ne Islands-Capital Stock: Pesos 2,. -100,000.00 - Di)·ectol"s." A. W. Ral ston, P resident and General Manager, Carl Hess, Jr., Vice·Pres-
Roy Investments & Securities Corporation (Promotions-Stocks-Mallagement) JOSE
J.
ROY
Pruidmt
H.
J.
C. CORVERA
ONG Hl NG LIAN
Srr.-Tr,aJ. &" M!,.
ORGANIZERS
&
MANAGERS
of B -P -M CONSOLIDATED MINES, INC. EAST SURIGAO GOLDFIELDS, INC. SURIGAO IRON MINES, INC. AGNO MINERALS, INC. DUMA YOP MINES, INC. P. BONILL A & CO. AMdlt~rl
PHlLIPPINE NA TIONA L DANK liiJIIU fI
MANILA OFFICES Y smac:l Building Echague
Tel. 1-87-79
BR ANCH
OFFICE :
Pacific Bldg. P. O. Box 59 5uri1:10, Surigao
\VU[
PHILIPPINES found near the shaft, but the continuation of tile vein has not been found. Assessment work was done as required by law On all claim s. Tunnel aggregation (lSO feet and 2,375 feet of open trench work was done. The patents pending on the Maria, France, SUn'ny Boy, SaJacot, Ed, Ruth, Colorado. Angat all'(/. Nitang claims have not been granted as yet. These patents have been held up pending the reorganization of the Mining Bureau under the new Commonwealth. Ore to tlhe value of Pesos 458,696.58 was mined during the year. Thi s represents 58,987 tons of an assay value Pesos 7.78 pCl' ton. The mining cost per tOil was Pesos 3.54, distributed as follows; Labor Pesos 1.28; explosive, caps and fuse Pesos 0.56; timber Pesos 0.42 j drill repair, steel, carbide and other supplies Pesos 0.30; supervision assaying and miscellaneous cost Pesos 0.87 per ton. Stoping methods have been ~ractically standardized on the cut and fill method. Ore passes and manways are timber ed with round cribbing. Production per man is approximately one ton per man empJoyed underground, including capatazes, contra.ctors, samblers and train crews hauling ore to the mill. All exploration and ore extraction !\(e done on contract. The mill operated in a most satisfactory manner and 58.897 dry tons of ore were treated, an average of 176 tons per day. An extraction of 00% was secured, pr!Xlucing bullion valued at Pesos 412,826.58, The cost pel' ton of dry or e treated was Pesos 2.30 per ton distributed as follows: Labor Pesos 0.80 per ton; Supplies Pesos 1.50 per ton including power charge of Pesos 0.43 per ton. Seggregated treatment costs pel' ton are: Account Labor S!tl>plies Total Crushing ~0.09 0.095 0.185 GrindiJlg 0.12 0.40 0.52 Cyaniding ............. 0.175 0.425 0.60 Precipitation 0.018 0.114 0.132 \Vater Supply 0.03 0.045 0.075 Supervision 0.185 0.065 0.25 Gen. Supervision & Miscellaneous 0.54 TOTAL
1'0.618
1.142
2.30
In order to furfuer reduce costs and to increase our revenue, it is planned to add a Secondary grinding unit. We have asked for a 4 10 tube mill which will grind an additional 40 tons of ore per day, or 1,200 tons per month. T,reating marginal ore of Pesos 5.61 value, this should increase our revenue Pesos 6,000.00 per month.
437
Difficulties have been experienced with the power plant during the year. Ten days operation were lost to the DieseJ Engines. On November 2, one unit failed and operation has been carried on at approximately 65 per cent capacit.y to the time of writing this report. New parts have been supplied by the fac'ory, and have arrived at the plant. It is expected that we will be on full operation by March 1st and that no further difficulties will be expel'ienced. In spite of the above difficulties, verr excellent costs were made in power produced. Total power produced was 1,487,410 kilowatt hOU1'S, at a cost of two and one-half centavos per KWH. Onehalf centavo of this represents haulage cost of fue~ and lubricating oil from Manila to the mille. The cost of power fOI' mining and milling was Pesos 0.65 per ton of ore, distributed as follows: Mining Pesos 0.11; milling Pesos 0.43; pumping, tramway, domestic lighting and power Pesos 0.11. PowEn CONSU:>!PTf(lN Ai\"O COST CONSUMPTIOK Mine Mill.Miscellaneous Total Kilowatts 248,860 985,240 253,310 1,487 ,410 COST Mine Mill Miscellaneolls Total Supplies 5,216.02 20,652.09 5,309.56 31,177.67 Labor 1,188.05 4,703.!)l 1,209.35 7,101.31 Total "6 ,404.07 25,356.00 6,518.91 38,278.98 Cost per Ton" 0.11 0.43 0.11 0.65 Cost pel' Kilowatt Hour P 0.025 Bodega supplies are heavily stocked and rep resent a value of Pesos 65,630.06. Be::ause of tilll"eatened delays caused by the shipping dIfficulties we have an estimated stock for six months ope ra tion. This consists of blasting supplies, as dynamites, caps and fuse, steel and carbide. Milling Su pplies consist of cyanide, steel baJJs, mill and crusher lining. A large supply of timber is not. can'ied as this is purchased locally as r equired. The summary of ore reserves that follows indicates only pOSitive ore that is blocked out and is ready for extraction. No attempt has been made to indicate the amount of probable orc in the mine_ Due to the fact that bhe values of the ore in the Salacot vein are not uniform, I have been guided in artiving at this estimate not only by the results of systema'ic sampling in the vein, and of car samples, but by the experience and results obtained in the last year in the mining of blocks of ore in different P81'ts of the mine. The results obtained, indicate an average value per ton that will require the utmost efficiency and economy of operation to mine and mill this ore at a
THE COMMERCIAL & INDUSTR1AL MANUAL
438
profit. It is hoped to do tlhis by further lowering our costs. raising the gmde by more selective min. ing and by an increase in production as planned. Su:mll.\f(Y OF ORE READY FOR EXTRACTION
L el'e/
Tons
Contents Al't!. Valtle. P6.32 4,189.65 (i.90 78,600.96 6.63 295,263.11 6.53 353,021.80 87,846.48 5.61 P6.46 818,922.00·
662.50 11,383.30 '14,590.70 54,104.00 15,658.30 126,399.40 Grand Total -Gold at present market value.
1,000
900 800 700 600
SALEEBY F IBER COMPANY, INC .. H em! Office: 310-311 National City Bank Build. ini;', Mallila-Bnmch: Davao, P. L - Nationality: Filipino---Business ~ Exporters of Manila Hemp and Maguey Fibel's-E.9ta.b/isJied: April 1926-I ncorporated under Philipplne Company Laws-President and Genel'al 1'ltlcnluueJ'; M. 1\1. Saleeby-Agents jOl'; Wessel, Duval & Co. 2b Broad Street, New York City; Edwin Wiggleswor h Ltd., 8 Crosby Square, London-..luthorized (l11d paid-in Capital: Peso,> 150,000.00- Par Value of ~/utres: Pesos 100.00TclegJ'Clph: "Salefibre"-Colles: Universal Trade ; Bentley's Second Phrase-Bank Refe1'e"ce: National City Bank of New York; Chattered Bank of I ndia, Australia & China. SAMAR NAVIGATION COMPANY Head Office: Calbayog, Samar-Registered: April 2, 1935-Te7'm: 50 years-Business: Transportation by Water-Nat-i01wlit.y: Filipino-Cclpital Stoch: Pesos 50,000.00 divided into 500 shares of ti'te par value of Pesos 100.00 each-SlIbsoribed Capib:t.[: Pesos 10,100.00 - Ga1Jitai Po-id: Pesos 3,000.00-!11corpO?·utO?·s atld Directors: Am ando Tancinco, Jose Santos, Pedro O. Pernito, B.l as Rosales a nd Exequiei Singson-T?'et!sm'e1': Bias Rosales, Calbayog, Samar. T H E SAMAR PUBLI SHING CO., INC. Helld Office: Catarman. Samar_Registerecl: May 25, 193G-Term: 20 years-Business: Proprietors and Editors of Newspaper or Magazines, etc. -Nati011/llity: Filipino - CClpital Stock: Pesos 3,000.00 di\'ided into 600 shares of the par value of Pesos 5.00 each- Subscribec[ Ca,p iwl: Pesos 600.00 -C\:lIpital P,~lid. : Pesos 200.00 - I ncorporators and DirectoTIJ: Candido D. Franzuela. Maximiliano Hermosilla, Fausto M. Maquiniano, Cayetano S. L uceto Francisco Arrai:r.a, J esus N. de la Cruz,
Santiago de Aguirre Jl·., Sy Mnguan, Laura Escobel' and Ng Choy - Trell$'/("er: C. D. Franzuela, Catarman, Samar, P. 1. SAMARILAG, INC. Head O/fice: Rizal, Laguna-Registered: March 8, 1935-Tenn: 50 yeat's-BIIl>"iness: Real Estate; Agricultural Products - Na.tiotVllity: Filipino-Capital Stock: Pesos 5,000.00 divided into 1,000 shar es of the pal' value of Pesos 5.00 each- /lIcOI'l,oHltO)"$: Fortunato Al'ban, Agustin Vista, Crispulo Subijano, Placido Urrea, J ose Vi l'i na, Vale· l'iano I sles, Clemen te Sombilla and Juan S. Isles. (Agustin Vista is an incorporator only)-T"easn?'el': Agustin Vista, Lagunu-Sll bscI'ibed Capital: already pa iri-Ccl1'Jitctl P aic/ : 1'4,060.00-80a1·d of DiJ'ecto)'s: Valeriano Isles, Actg. President, Dr. 00roteo Urtula, Dionisio Limcuando, Clemente Sombill a, Jose Virina, Agusti n Vista, For tunato Al'ban, Emilio L. Vista, Treasurer. We cannot send you 0\11' Balance Sbeet as it will be very bulky, as it is composed of 10 sheets. However, for shortness, we may just send you the totals in our Balance Sheet from Jan. to Ju ne, 1937, as: CREDITS DEBITS Totals I Balances Bala1lcf's Totals 11 P4,236.52 I 1)6,025.69 II 116,025.69 P4,236.52 SAN AGUSTI N MINES I NC. Head Office: Manila, Philippines-Registered: December 7, 193G-Term: 50 years-B1Isi1leBs: Mining _ N(ltio)lll/ity: Filipillo - Capital Stock: Pesos 500,000.00 div ided into 50,000,000 shut'es of the par va lue of Pesos 0.01 each-Sllbscribed Capital: Pesos 100,000.00-CC/pit(l/ Paid : Pesos 25,000.OO-/1ICOl'por(ltorll: Carlos Rivilla, Agustin B. Mont illa Jr., Antonio Mon fort . .Jose Concepcion, Joaquin Hel'l"erias and Jose G. Pardo. SAN ALFREDO MI NING CO., INC. Head Office: Room 212 Regina Bldg., Manila -Registe-red: January 21, HI37-Term: 50 yearsBusiJI"ss; Mi ning-i\'(l lionolity: Filipinro--Capital Stock: Pesos 20,000.00 divided into 2,000,000 shares of the par value of Pesos 0.01 each - Slibscribed Copit/l/: Pesos 4,000.00 - Capital paid: Pesos 1,000.00--bICOrpOT(ltors: Alfredo Banas, Isidro T. Dunca, Alfredo Obictn. Abelardo A. Garcia, Grcgorio Noriega, Alfonso O. Rebong and Juan R. Fajardo.
PHILIPPINES
439
SALACOT MINING COMPANY Balance Sheet as at December 31, 1936 ASSETS
LIABILITIES Capical : Aurhorized24,Q(X),Q(X) shares at 10 cenu.VOs each.
Fixed Assets: Mine ~ l\'1ining Properties, Pl,S17,}S7.)4
1935 ..
Add-Development 1936.
8O,5B.35
Pl,607,910.69
Less-Reserve pletion ..
for
Dc-
Ore
58,771.00 1'1.549,139.69 2,000.00
Leasehold Propc~t)' . Real Estate Property .
500·00
Machinery &. Equipm<:m .. FurniNrc &. Fixtures . . Miscellaneous Buildings .. Transportation Equipmel1! .. Mill Buildings ..........• CabJcway &. Tramway.. Orcbin &. Crushcrhouse .. Lime Kiln Equipment .. Dispensary. Enginccri0l, &Survcring .. .
I~
2,500.00
375.462.51 IO .952.3 ~
--~
40,789.95 7,206.19 161 ,952.64
Cutrent Liabilities: Acco un ts Payable .. Chapa Dcpo~ir ..... . Unclaimed Wages .. Taxes Accrued ....
10,091.2) 26,)80.$8 2,186.95 127.86 l,SSl.SO 4317m
~:3at~gTr~il~:~~~~ ·.: ... :
Issued and Subscribed: 24,Q(X),()X> shares at 10 cent. each fuJly paid. . 'P 2,400,()X>.OO Deduct : Net Loss for the year ende<! December 31, 1936.. 1'123,418.54 Less-Surplus for 1935. .. ( 11,438.31) 111,980.23 1'2,288,019.77
"
16,226.87 22;.00 42.62 615.66
17,112.17
3(i,193.16
584,470.99 Current Asscts:
Cuh on Hand ... P Peny C;lsh Mine. Pert)' Cash Ma nila PeCl)' Cuh-HospitaL
310.00 421.66 140.00 8.62
I'
Bank of P. r. Current Account . . Bank of P. I. Savings AccounL. Deposit-Firearms . Deposit- Division of Mines .. Bull ion in Transit. ......... . Bullion on Han d .. Inventories: Medi cal Supplies. . 'I" 370.14 Explosives Sup19 ,792.33 plies.. Bodega Sup45,467.59 plies..
13,260.92 40 ,606.65 300.00 100.00 17 ,576.96 10,88).52
65,630.06
Accounts Receivable . Deferred Assets: Prepaid Insurance .. Prepaid Bond .. Prepaid Road Rent .... Prepaid Transfer Fees. Organization Expenses . .
880.28
4,455.07 I'
4,048.21 6.05 375.00 563.34 10.335.20
153,693.46
15,327.80 "P2,105.l31 .94
"P2,305, 131 94 ( Collfinuui on n,",U P"Jf)
THE COMMERCIAL & INDUSTRIAL MANUAL
440
SAN AKTONIQ DE PADUA GOLD MINES, l NCORPORATED H e(lel Office: 101 Pluza del Conde, Binondo, ~Ianila-Regi$terell: January 21 , 1937-Tum: 50 years-Business: Mining -Natumality: Filipino-C,~ll)it(!l Stoe/':: Pesos 400,000.00 divided into 4,000,000 roares of t he value of Pesos 0.10 each-Subscribed Cfl ilita/: Pesos 80,000.00 - Clll)itul Paid: Pesos 40,000.00 iItCOrpOl' (!/(Jrs: Rafael Corpus, Louis Weinzheimer, Jesusa L. Vda, de Lacs-on,
J orge Araneta, Pedro AITOYO, Mariano Arroyo, Jose ida. Arroyo, Salvador Zaragoza, Roman Lacson and Manuel AlToyo.
SAN BENITO GOLD MINES, INC. H ead Office: Room 211. Regina Bldg., Manila - R egistel'cd: Janua\'y 21, HI37- Term: 50 yearsB~{silless : Minin g-Nationality: 1;'ilipin~Capit.al Stock: Pesos 20,OOO.0l\ divided into 2,000,000 shal'es of the [>3 1' value of Pesos 0.01 each - Sltbscribed Capi t,'ll: Pesos 4 , 000.OO~upital Paid: Pesos 1,000.OO-h!corportltOl's: Guillermo Vidal, Benjamin A. Arcenas. Nicolas Sa ntiago, Emilio B. Vidal, Luz A. Reyes, Jose L. Araneta and Beatriz Para iso. SAN CARLOS SUGA R PLAt;JTERS' CORP. Head Office: San Carios, Negros OccidentalRegislf!)'pd : March 20, 1936 ---r Term,: 50 years-
;)usilless: To Grant Loan in Various Classes Upon
Security of al\ Classes of Properties, to Finance Agricultul'al Works of Land Owner s, etc.-Nfltioll芦li ty .. Fili pino - Capital St.ock: Pesos 2,000,000.00 dh'ided into 200,000 shares of thc pal' \.aiue of Pesos 10.00 eaoh-Slt8cl'ibe(1 Capital: Peso:;; 405,120.OO-CulJital Puid: Pesos 101,280,OO-/ncorlwrators: Julio Ledesma; Juan L. Ledesma, Vicente Lopez, Paz L. Vda. de Laguda and Aquiles J . LagudaDil'ectoTs: Julio Ledesma, Juan L. Ledesma, Roman Belzunce, Vicente Lopez, Paz L. Vda. de Laguda, Ro berto Llantado and Hipolito Rigor Tt'easul'er: Julio Ledesma, San Curios, Neg. Occ. M. Y. SAN & CO., INC. Head Office: 69 Escolta, Manil a-R egis tered : Jan uary 2, 1936- Tel'nt: 50 years-Bwii1168IJ : Sale and Manufacture of Bread , Biscuits, Ca ndy, Till Cans, and other Farinaceous Good and P roducts. Tea, Coffee, Cocoa, Milk, Aerated alld Mineral Waters, e1c.-Nnti(mality: Chinese-Capiwl Stocl.路: Pesos 35,000.00 divided into 350 shu res of the par ,'alue of Pesos LOO.OO each-Subscribed and Pnid
C(tPittl-Pesos 14,500.00-ltlcorporawrs and DirectOl'S: Mar Chip, Fung Hung Cho, Chung ('hi, Mar Ting Lan a nd Cheng La Oong - Tl'eaSll1 et" .. MaT ChipJ 69 Escolta, Manila, P. 1.
SALACOT MINING COMPANY (CvllfiIiHIJ) Con solid:l.1~d
Sta tement on December 31, 1936 To Operating Expc n se~: Mi ning Expenses .. Milling Expenses Mark et i n~ Expenses.. General O"~rhcad ... To
Or~rali ng
Profit ..
Op~r;Hion
Orc Depiction .
From January 1, To
1'208,204 .12 \]5 ,4{)8.60 6,365.27 37,138.05
Product Tax.... ... . .. ..... .' Losses on Sa le of !'ortable Compressor . Losscs on Tude-In of ji rncl' Foro VS.
" }87,116.04 25,710.54 1'412,826.58
B,' Bullion Production 1~412 ,826.58
CONSOUDh TED PRO FIT & LOSS ACCOUNT From j anu:u)' I , To December 31, 1936 :>.Iachinerr &; Equipment. Build ings, Furnilure &. Fixtures, Tools, Tr:ansporu.don )' 86,622.67 Equipmcnt, etc ...
~?'
Opcmin}:: Profit Interest Earned Miscellancous Rent Exch:ange . Transfer Fees Mess Income
58,771.00 3,074 .07 2,600.00 1,057 .6}
I' 25,7 10.54
2, 156.03 165.98 480.00 42 .05
141. 80 1043 I' 28,706路8)
Net Loss for the )'e:ar 19l6.
12},418 .S4
l'I S2,1 2S .}7 Approl'cd : (Sgd.) A. W. R AUTQN. PmiJl1Il. (Sgd.) FLE~flNG & W[LLIAMSON
PHlLIPPINES SAN ISIDRO MINING CO., INC. Head Office: Iloilo, lloilo---Registered: January 6, 1937-Ter'JI!: 50 years-Business: Mining-Nationality: Filipino---Cu7,[tal Stock: Pesos 500,000.00 divided into 5,000,000 shares of t he par value of Pesos 0.01 each--Subscribed Capital.' Pesos 100,000.00 - Capital Paid.' Pesos 25,000.00- Incorporaton;.' Esteban de In Rama, Enrico Pirovano, Angel Padilla, Luz de T omacruz, Lourdes de la Rama, Conchita de la Rama, Timoteo Consing, Hernan Lopez, Miguel Cuaderno and Nat. M. Balboa. SAN CARLOS MILLI NG COMPANY, LTD. Mal/ila Office: 3rd Floor, Chaco Building, Plaza CCl'van tes-T-lccul Office: Bishop Trust Compal1~', Ltd ......... Nntio1Utlity: Hawaiian - Business: Raw Sugar Manufacturing - Dil'ectorso' J . Waterhouse, G. P. Wilcox. W. H. McInerny, G. F. Straub, A. H. Rice, J. L. Fleming, J. E. Russell, M. A. Robinson, G. R. Carter, J r. -itlanih A{Jent: Alfred D. Cooper - Antlwrized Cap'italo' USG$ 2,000,000.00Pal' l"al ut! oj SJ!al't!8o' USG$ 10.00 - Telegraph addrt:88: Scnrloso - Run/': Referencc: All l\Ianila Banks.
_ __
_ _441
SAN JACI NTO MINING CORP. Head Office: 4th Floor State Bldg., ManilaRegistel'ed: October 7, 1936 -Term: 50 yearsBU8iness: To Purchase, Lease, or Othe rwise Acquire and to OWIl, Hold and Dispose of Mineool Claims, Deposits, Properties, Mines and / or mills and to Survey, Explore. Develop, Utilize Mine and / 01' Mill Said Mineral Claims, Deposits, Prope rties, Mines and Mill s-Nationality: Filipino - C(1)ital Stock: Pesos 600,000.00 divided into 60,000,000 shares of the par value of Pesos 0.01 each路-Snbscr~bt!d Ca1Jital: Pesos 245,000.00 COflh: Pesos 1,250.00; P1'OlJCrt!}: Pesos 110,000,00- I1lCQ1'pOl'W tors and Directors.' Nicallor Jacinto, Enrique MOllserrat, Ernesto D. Rufino, Vicente A. Rufino and Hermenegildo 8. Heyes- TI'eas'W'el': Emesto D, Rufino, Pasay, Rizal. SAN J OAQUIN-ABRA MINING CORP. Hcad Office: Manil a, P,hilippines-Re{Ji~tel'eti : October 20, 1936 - Term: 50 years - Bw~ines8: General Mining Business Through the Philippine Islands and to Secure, Purchase, Lease, Erect. and Ope.ra tq Mines and Mining Claims and to Purchase, Erect, Lea~e, Own and Operate Millin:!, Concen-
SAN AGUSTIN MINES, INC. Head Office
MANILA, PHILIPPINES
MINE OPERA TORS INCORPORATORS CARLOS RIVILLA, AGUSTIN B. MONTILLA, JR., ANTONIO MONFORT, JOSE CONCEPCION, JOAQUIN HERRERIAS AND JOSE G. PARDO
442
THE COMIVLERCIAL & INDUSTRIAL MANUAL
trating, Reducing, Sm~lting and Refining Plants or Works of Al1y Kinds for Mining, Milling, Reducing Smelting and or Refining Ores or BullionsNationality: Filipino-CU1)ital Stock: Pesos 300, 000.00 divided into 30,000,000 shares of the par value of Pesos 0.01 each-Subscl'ibed Capital: Pesos 60,OOO.OO-Cltpitai Paid: Pesos 30,OOO.OO-hlcorpo,'«tors (wd Directors: Jouquin G. Mondragon, Nieves B. Mondragon, Ricardo Gonzalez, Carlos Pellieel', Huben A. Moss, Espcl'anza G. Peron net and Gabriel La O. (J. B. Lammogiia, is an incorporator only and Joaquin Gonzalez Jr" is a director onlp') -Tl'ensltrer: NieV'Cs B. G. ni:ondragon, Manila, P. I.
SAN LUIS INVESTMENT COMPANY H elld Office: 31'1.1 Floor, Wilson Bldg., Manila -RegisteJ·ed: AugOst 12, 1937-Nat·ionalitll: American-Business: To :lc(juire, hold invest in shares, bonds, debentures, notes, other evidences of indebtedness, etc.-Ca1,ital Stock: 3,250 shares of stock of which 750 shares are Glass" A" non-cumulative preferred shares of a par value of PIOO.OO each; and 2,500 shares arc class l'B" common of no par value-Sltbscl'ibed Capital: i500.00-Capital Paid: P5 ,425.00-htcOr1)Omto1·s: H. P. Hcskyn, J. E. H. St.evenot, J. F. Suarez, R. Pardo de Tavera and Luis R. Yangco. SAN MATEO GOLD MINING COMPANY H ef)(l Office: 304 Brias Roxas Bldg., MallilaRegi~te"ecl.o May 6, 1936-Term: 50 years-B~(si ness: To Explore, Develop, and Mine the Minerals of Whatever Nature that may be Found in the Fifty Go.1d Mining Claims Located in the Municipalityof San Mateo, Province of Rizal, Philippines; To Use and Exploit t he WateT, Water Rights, Timber, etc.- Natiomility: Filipino - C,tpit(rl Stock: Pesos 500,000.00 divided into 5.000,000 shares of the pal' value of Pesos 0.01 each-Subscribed Capital: Pesos 18S,000.00-CCt1ntlll PlIid: Pesos 55,200.00 - bICOTP:>l"(ItOT8 and Directors: Halim Ysmaei, Manuel Hoxas, Placido L. Mapa, Nicolas Lizares, Manuel L. Sevilla, Benigno Aquino, Aurelio Montinoia, M;wcial P. Lichallco, E. A. Picazo and Ramon Lopez. (Marcial P. Lichauco, E. A. Picazo and Ramon Lopez, are incorporators only)-Treasllre-r: E. A. Picazo Manila. SAN MAURICIO-LUKLUKAN MINING CO. , INC. Hend O/fice: S. J. Wilson Bldg., Manila Registe,.ed: September 23, 1936-Ter-m: 50 years-
B-usiness.' To Search for, Prospect, Develop, and Exploit Mineral Lands, Ore and Mineral Deposits of all Kinds; to Locate Mining Claims, Grounds or Lodes Within the Philippines; To Bore Drill, Prospect, Mine and Dredge for gold, Silver, Copper, Platinum, Zinc and all Kinds of Ores, Metals and Minerals-Nutionplity: Filipino - Cavital Stock: 6,000 shares, all of which are without nominal or pal' value-S1lbscribed and Paid CalJital: Pesos 30,000.00 - hlcOJ'poJ"atoJ's a11d Directo'·s: A. M. Opisso, Bruno Rementcria, Jorge L. Araneta, Pedro C. H ernaez, Rafael R. Alull'an, Oesar Barrios, Ramon F. Campos, Fernando Alcantara, Halph Kong, Jacob Levy, J. S. Baker, Re,', Charles neurITIs, ArlTIand Hirtz, Jules Dl'eyfus and Gonzalo Mateu, (A. M. Opisso, Bruno Hemertteria, Rafael R. Alunan, Ralph F. Kong and JuJes Dreyfu s, are directors only)- Treaswrer: Antonio M, Opisso, Manila. SAN MAURICIO MINING COMPANY Head Office: Marsman Building, :'I1anila, P. I,_]I'atio1Ialitv.' Filipino-B·u siuess: Mine Operators-Established: 1934-Pl'incil,aI8: J. H. Marsman, A. Beckerleg, P. A. Meyer, B. S. Ohnick. S, J. Wilson, H. P. L ..;oIlye, Will. H. Bl'own-Autllorued U1!d Pa id-1'n Ca.pital: Pesos SOO,OOO.OO-Pal· Value of Shares: P csos 0.10-A1!11ual Turllover: Pesos 1,798,149.67.-.For 11 months from Feb. 1, 1936 -Rcsel've: P esos 363,962.97-Dividelld: Pesos 320,000.00-Ba.n.k Reference: Peoples Bank & Trust Company, SAN MIGUEL BREWERY H ead Office: Manila, Philippine IslandsNa,tiollulity: Filipino - Bl(silless: Brewery, Ice Plant, Soe Drinks, Ice Cream, Yeast, etc.Autho1·jzed Ca/ntal: Pesos 5,700,000.00- H'Jid Up Capital: Pesos 5,700,000.00 - TclegrClph.' SamigueJ -Pri1!ci,}(l/S: Andres Soriano. President; Antonio Brias Vice-President-Boll/; Rofcrences: National City Bank of New York. SAN RAFAEL MAMBULAO MINING CO., £NC. Head Ottice: 502 Snmenillo Building, Manila, Philippincs--Registel·ed: September 28, 1936-Term: 50 years-Bu8iness: To SC.'lreh for. Prospect, and Expior~ Ores I!.nd Minerals, and to Locate Minir.g Claims, Pbccr Grounds or Lodes, Within the Philippinc Islands !lnd Record the Same Pursuant to the Laws; to Bore; Drill, Prospect, and Mine lor Gold Silver, Copper,
PHILIPPINES Platinum, Lead, Zinc, and -all kinds of Ores, Metals, and Minerals, etc. - Naticmality: FilipinoCapital Stock: Pesos 400,000.00 divided into 40,000,000 shares of the par value of Pesos 0.01 each S ubsc'·ibed Capital: Pesos 82,600.00 -Capital Paid: Pesos 20,650.00-IncorporatoJ·s al!d Directors: Ramon J. Ongsiako, Manuel V. Gallego, J. D. l\Iencarini, Ramon de Amusategui, Rev. Gerardo Sastre, Leopolda Brias, Rafael Moreta, J ose Corrales, Cipriano Soler, Gerardo Vasquez, Manuel Rojas, Ariston Rivera, Fausto Preysler, Alberto Guttridge and Primitivo Lavina. (Jose Corrales, Cipri ano Soler, Gerardo Vasquez, Manuel Rojas, Ariston Rivera, Fausto Preyslcr, Alberto Guttridge and Primi tivo Lovina, arc incorporators only) T reas/trer: J . D. Mencarini, 226 Dominga, Pasay, Rizal. P. I. SAN REl\IIGJO-SOLONQ.. CO PPF.R -r..lINES, I NC. Head Office· 310-312 Riza1 Ave., !'Ifanila- Registered: September 15, 19.17-NationaHty: Filipino -Business: To mine gold, s i ~ver copper and lead, etc.-Capital Stnck: 30,000 shn.res, all of which are without nominal or par value-~ubsc'-ibed Capital: P1 50,OOO.00-Paid_in Ca;pital: P317 ,500.00-lncorporatorlf: Rosario Yap, Teofista Tantengeo, Felisa de
443
Gonzalez, Tito Silverio, Jose Cunanan y Rivera, F ernando Arguelles, Juan VilJacorta, Frank Techara, R. Gonzalez Lloret and Quirico Abett!. SAN SEBASTIAN :M I NING CO., IN C. Head Of/ice: 414 National City Bank Bldg., Manila-Registered: September 9, 1936-Term. 50 years-Business: Mining, Placer Mining, Milling, Concentrating, Converting, Smelting, Treating, Pr~paring for Market, Manufacturing Buying. Selling Exohanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Limestone, and all Kinds of Ores, Metals and Minerals, etc.- Nationalit,y : American CtLpital Stock: 2,000 shares of stock of no pal' value -Subscribed Cal)itul: Pesos 3,750.00 - Capital Patid: Pesos 5,750.00-b !corporato1·s and Directors: F. H. Ale, S. A. Presby, H. C. E lie, I saac Gadol, J. G. McQuay, L. H. Wolfgram and Louis Wag_ ner. (Isaac Gadol and Louis Wagner, arc incorporators only) - TTea SUl"er: S. A. Presby, Manila, Philippines. The results as of October 23, 1937 of the- geophysical survey on the property of the San Sebastian :Mining Company's fourteen claims in the Paracale District, al' revealed in the report just re-
SAN MAURICIO-LUKLUKAN MINING CO, INC. Balance Sheet, December 31st, 1936 ASSETS Fixed t\sse t~: Furniture and Fixtures, Manila .. 'I> 10.50 Furniture. Fixtu res and Equipment af Mine . .. , ..... . so.n Development.
LIABILITIES CapitalAuthOrizell and fully paid. Current LiabilidcsAccounts Payable ..
1'30,000.00
4,219.96
----- ,> 15.950.36 61.23
Curren! Asscts: Cash: Peoples Bank and Trust Co .. Petry Cash. Accou nts Recc ivable ... M:nerial and Supplies .. Deferred CharRCS: Org:lIlization Expe nses.
1'16,011.59
14.893.53
30.00 14,923.53
1,652.77 120.07
16.696.37 1,512 .00
P34,219.96
Manila, Februan· 23, 1937. (Sgd.) C. S. r·lANAPAT & CO. Cr.f;jitd PJlf,Ii, ArcoJl"tJrlts. '1'34 ,219.96
444
THE COMMERCIAL & INDUSTRIAL MANUAL
ceived, are so promising and favorable that the director s have under discussion several plans for thc immedinte development of the property. Two months of electricnl geophysicnl work conducted by Developments, Inc. is summarized in a fifteen page report which has been delivered to the Snn Seb:lstian Mining Company. Out of fifty-nine samples taken and assayed in the course of their work the engineers in charge of the geophysical survey reported fifty-five of them contained values. Five asays were particularly high running $78.40, $43.60, $26.00, $23.60, nnd $20.00 old price. The report comments mosb favorably on t hc res ult.'> obtained as warranting extensi ve development work. "The geophys{cal survey which was recently conducted on our Paracale property has shown us that our faith in the claims is justified," said Mr. H. C. Elie, general manager and director of the companr. "Th e record of values found and the extensive electrical structure!; outlined clearly indientes t.hat the Company has a valuable property in Pnracale. \ "We al'e ha\'inl!; the ent\rE' report printed and this 'w ill be sent to our stockholders so that they can see for thems(!lves, "The report dedal'es thnt twelve structu res have been traced electrically and recommends immediate development work on five of them, with additional prospecting on the others. The report outlines proceedure for further work which is correlated with the results of t h e geophysical stll'vey/' concluded Mr. Elie. When asked what action the Board of Dil"(~c tors planned for the immediate development of the pI'Opel·t)t, 1\11". Elie st..... ted thnt one would be ma de in the ver y near future. The Snn Sebastian l\lininr:: Company was 01'A:anized on September 2. 1fl3G and acquired the fourteen claims in Paracale on which considerable development worl: has heen completed before the geophysical survey was undel·tnken. In addition to the Paracale group, the company owns twenty claims in the Angelo dis trict of Tayabas on which prospecting work has been going 011 for several months. Mr. EJie staled that all stockholders of record would r('('eive a copy of the geophysical )'eport within the nl'xt ten days.
The officers and directors of the company are Chus. A. McDonough, President. H. C. Elie, General Mannger and Director. Other directors are the Hon. Antonio )\1. Opi sso, J. J. Danon and A. A. Alvi\·. H. R. SANCHEZ & COMPANY Head a/lice: Manila, Philippines-Regiswred: June 18, 1936-Terl"n: 10 years from June 4. 1936-
Bus ines/!!: Cenel'a! Mel'chant!;: (',)mmission Af!e ... t ~ -Notion(l iity: Filipino-Capital: Pesos 5,000.00Ca1Jitlll contributed by elicit pal'hler: H. R. Sanchez, Pesos 2,500.00; G. N. Teotico, Pesos 2,500.00Munager: H. R. Sanchez. SANTA ANA TURF CLUB, INC. Head Office: Santa Ana Park. San Pedro Makati. Rizal-Reyistered: October 1, 1936-':" erlll: 50 years-Business: Horse-Racing; Breeding of H orses - N(ttiolwlity: American' - lJlcorpOJ·oforli """i Di"'"r/,.,rs: C. Parson, J oh n Can~on, Stewart Tait, Ildefonso CoscollueIa, Mal'cial p, Lichauco>, Rafhel Alunan, B. H. Berkenkot.ter, Y. S. Day and John C. Robb. SA~TA
BARBARA MINING CO., INC. H e.'J.d Office: 675 Dasmal'ifias, Manila-Regis· tered: October 12, 1936--Tel'nt: 50 years-Busines8: Mining, Milling, Concentrating. Converting Smelti'1g, T.-pRiing. PreDarin~ for Market, IHanufactur ing, Bu;.'ir.og, Selling, Exchanging, and OtherwiS(' PI·oduring and dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, S'eel and all Kinds of Ores, Metals and Miner .. ls, etc.-Nu.tifnllllitll: FilipinoC'J.piWl Stock: Pesos 1,000,000.00 dh·ided into 10,000000 shares of the par value of Pesos 0.01 each -S~tbiJcribed Capital: Pesos 252,OOO.00-Ca.l1i Il'J.J Pa·jcl: Pesos 63,000.00-hlcorporator.'1 (l.JId Directors: B. H. Berkenkotter, M. 1\1. Morgan . Maria Martinez, Andreas Trepp and Jose Castro-Trewlltrer : Franc'sco Segado, Ma.l}iln. The following is a resume of the operations of the Santa Barbara J\Iining Co., Inc., as of August 19th 1937, and of its situation at the present time. condensed from the reports of its Mine Superintendent. The pros pecting of the property hns been c(\nducted by means of tunnels and exploration ~haft and the results have been highly encoumgin~. I. ill now well established that the property of lhl! Santa Barbam Mining Co, located cast and adjOining the San Mauricio Mining Co. property at Jo~
PH lLIPPINES Panganiban, is situated precisely on the zone of contact between the grano diorite intrusive body and the basic rocks. This contact has been mapped and extends from one end to the othel' of the property in an ineguJar East-West dil·ection. Normal to this contact and following a general N-IooE. direction, several veins have been located and due to the heavy overburden in certain parts of the property, there arc most certainly more veins to be found by cross-cutting underneath at a suffici~nt depth. For that purpose it has been decided ~ sink a permanent two-compartment shaft to approximntely 300 feet below the 100 Level cross-cut, aiter which a new cross-cut, the 400 Level. wiII be driven all the way through the 11l'OPCl'ty in an EastWest direction. The advantage of this plan is that it will enable us to cross-cut at sufficient depth all the veins that form a pal'allel system directed approximately N-100E, and that this 400 Level will eventually become the main haulage and drain tunnel of the mIne. There is plenty of good timber in the property and we have already stocked quite a considerable amount of lumber for the shailt, a good proportion of which is YacaJ. The ground is hard gneiss gl'anite formation and although very hard, breaks clean and requires a minimum of timbel'ing. No mud or silt is apprehended and any water that we encounter will be eASy to pump. The 100 Level cross-cut is at the present writing 260 feet ft-om the portal and is expected to cut the fil'llt vein within the next 60 feet. The dip of this vein will determine the exact most convenient location of the shaft which wiII be started immediately. Purchase of machinel'y in order to speed up the development has been agl'eed and, in view of the excellent results so far obtained, it is the opinion of the engineers and directors that a stationary power plant be installed from the first. This will in time result in a considerable saving of money as such machinery can be operated at nearly lh tho.! cost of portable engine operation, The house of the Superintendent, wl\ter system, office, cl\mp buildings, bunk houses and bode. gas have all been completed, No new buildings are at present neccssary, except a new powder magazine for which a better location has been selected and which can be built at a very moderate cost.
445
There are some conflicts with adjoining properties and for this reason, a very careful study and exhau~tivc investigation not only of the title of the Santa Burbam Mining Co., Inc. but also of the adjoining properties has been conducted with the result that we are now satisfied of the perfection of OU1' title and in a position to defeat any challenge thereof. MI'. Charles M. Smith, formel'ly connected with the Magna Copper Mines of Arizona and recently with the Balatoc Mining Co., is in ch3l'ge of the property and he has a few very good men with him. As soon as interesting featUres of development warrant it, another report will be given. J.
ARNAULT,
PI'csidel!f
CI'oSSCUL is now 290 feet in. A one foot vein was cut this week. No assays as yet. For the next 600 feet thcre are 11 known veins which should be cut. Present crosscut on 100 level is really lower than that as it has between 180 and 310 feet of backs. However we plan to sink the two compartment shaft from the 100 level as SOOI1 as we cut the main g~OUp of the formation down 300 feet and then combined crosscutting in the same direction. The shaft will later be connected outside through l'Ilising about 20C feet which will d~caner than sinking from the sudace. In the east side neal' Gumaus Bay, of three known veins, one is believed to be the whi te quartz vein with free ~old of which so many specim~ns have been peddled in the distl·ict. Work there is slow on account of too much water and low topography. We are n'Ot spending much on assays. We know from Snn Mauricio p(>ople that their values are stal·ting below the 200 foot level and we are geologically higher than they arc. Will stal't sampling in earnest when deeper down.
SANTA CECILIA MIN ING CO., INC. Head O.ffice: 456 Dasmariiias, Manila~Regis tered: Sep:ember 18, 1936~Tel'm: 50 years~B~lsi ness: Mining in all its Phases, Branchesj to En_ gage in and Carryon the Business of Milling. Con_ centrating, Converting, Smelting, Treating, PrepnI~ing for Mal'ket, Manufacturing, Buyin'g, Selling, Exchanging, and Otherwise Producillg and Dealing in Gt»Id, Silver. Copper, Lead, Z'nc, Platinum, Brass, I ron and all Kinds of Ores, Metals and Minerals,
446
THE COMMERCIAL
&
INDUSTRIAL MANUAL
six months based on 70% for Santa Magdalena Mining Company, and 30% for the Central Luzon Copper Fields. No cash payment whatsoever will be paid to the claim owners. The exploration work has been going on with good showing and t he engi. neer who examined the pl'operty stated the following in his report: "The area covered with claims is entirely composed of igneous rocks such as diabasc, diorite and andesite etc. There are about 15 veins known, widths rangSANTA LUCIA IRRIGATION CO. He(1d Office: Santa Lucia, 1I0cos SU1·.-Regis- ing from l' to 9', some of which will be described un'cd: July 17, 1936 - Term: 50 years-Business: briefly ns follows; To Engage in the Construction and Repair of Irri(1) Bosibotoll Vein (It. NO.2 01JtJn Cut: Stl'ike gation System, Known as the Santa Lucia Irl'iga- N-700E Dip 65 NW, width 3'-9'. The vein is expostion System nnd to Buy all Supplies and Tools ed for 80' long at the Bosiboton Creek, bottom at. NecessaJ'Y for this Purpose-Nutionctiity: Filipino an c1l.'vation of about 400' above the Pias River,. -Cupit/ll Stock: Pesos 5,000.00 divided into 1,000 showing width of 3' in the southern end and 5' in shares of the par value of Pesos 5.00 each-Subs- t.he middle and 9' wide in tb.:! nort.hern' side of cribed CalJital: Pesos l~OO.OO-Capitt.l1 Paid: Pesos creek splitted into three veins of 3' wide each carl'Y300.00-t ncol'pOratoTs allCJ..Directo1·s: Pedro Festejo, ing 0.G % -O.7 7c Copper in the form of chalcopyrite Clemente Velasco, Severino Hermosa, Agustin Val- and malachite. This vein is tmced for about 400' des, Pedro R. Paeis, Alejanpro Holigores, Francis- in le~gth toward a point 100' lower in clevation co Saldevar, Claro Joven, Martin Saldevar, Canuto when; it is exposed in the open cut No. 6 showing Pimentel, Juanita V. Aquino, Nepomuceno Benitez, a s]llendid vein structure. The vein striking N_75 0 E Feliciano Valdes and Sabas Bc:nitez. (Claro Joven, here has much calcopyrite and malachite givi!l'g 2.4'* Martin Saldevar, Canuto Pime~tel, Nepomuceno Be- Copper fOI' 3' wide. nitez, Jose Valdes and Sabas Benitez, are incorI marked a tunnel site about 30' below No.6 porators only)-Treasltrel': Agustin Valdez, CanOpen Cut to crosscut the veing at a distance of don, 1Ioeos Sur. about 50' if the dip continues to be 70 0 NW. After intersecting it a drift is to be ddven following the SANTA l\IAGDALENA MI N ING CO. Report to the stockholders, as of September 22, strike t.owal·d southwest. 1937: (2) Tile Bosiboton Bl'(Lltch Vein: Stl'ike E-W, I am pleased to idoml you thllt our 11 2 Copdip SOON width 10"-3'. This vein branches off 00per and Chl'omite Claims in Bot('\lan, 7.:ambaiel', wud west from t.he Bosiboton Vein just mentioned have shown very good results. Rich Copper and above, and outcrops at the bottom of the creek showChromite veins discovered and followed at depth ing 6.2"'''' Cu. for 10" wide at Open Cut No. 16 and and hig deposits of high grade OJ'es are assured 1.4"''1 Co. for 3' wide at Open Cut No. 17. fl'om that source. Your management has been in (3) Ti,e Versity Vein at No. soC: Strike ('or-stant communication with PI'ospc:ctive purchasers N_70oE, dip 70 0NW, width 5'. The "'ein exposed in as it is our policy to contract for the sale of the a creek in Versity Claim is rich in chalcopyrite givores before spencling more money. ing 2.0 <:', Cu. for 5' wide. Undoubtedly this might become one of t h e most important veins in the We haVE:> shipped 'Several sampl(>s from this property t.o big buyers in foreign countries who mine. have heen in I'onstant communication with us. (4) Bayaba8 1'eiu: Strike N_700E, dip 45 0 NW width 1'. The vein outcrops at. a small dry cr,\ek COPI)Cr 1Jropcl'ty:-In addition to our original properties, we have been fortunate to secure two running toward the Canding River near Bayabas Camp. The vein has typical gossan on the surface options on gold and coppel' properties. The Copper group is located in Camiling, Tadae. and com- and is known to carry very high value such as 8.6" Cu. and 2A rc Cu. in an instance. posed of 96 reg-istered claims. The option is for
ek.-Nationp.lity: Filipino---Capitlll Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 each-Subsclibed Capib:«: Pesos 500,000.00-Capikll Paid: Pesos 125,444.00Incorpo1·a.toJ'l! and Directors: J acobo Zobel, Rafael Aiunan, Jorge Araneta, Ramon S. Araneta, Pedro C. Hel'naez, Teodoro Robles and Cirilo Lim. (Rafael Alunan and Jorge Araneta. are incorporators only)-7'reaslu'er: Jacobo Zobel, Manila, Philippines.
PHILIPPINES (5) Puk is Vein: Stl'ike E-W, Dip 550 N, Width 1', This vein is exposed in a tl'ench at the cl'(>ek bottom carrying 6.65 % Cu. and is s upposed to continue toward the outcrop in cogonnJ gt'ound severa! hundred feet awa~' where the v.duc was found to carry 3.8 % Cu. fol' 8" wide. (6) Miscellan eous Veins: Besides above mentioned there arc many wider veins which are being opened up which ought to be studied cal'cfully. I hereby certify that that the r egion covered by the claims is hig hly mineralized. It is advisable to explore and develope the property without delay to meet the world wide demand of copper 'l'hc property is ob!;el'vcd to be S\l itable for large ton nage concentrating plant in the future after ascertaning the quantity well, first uy exploration and thell by developm..ent." There is a grea~ demand for copper on" throughou t the worl d an'd prices are very hig h at present. Gold Claims:-Your Company has also 50 '1< interest in a very good gold lode claims . This propert!路 has been inspected by several reputable mininf! engineers repref:enting different \ompa nies. and all
reports s ho w that it is a vel)' excellent prospect. Two big veins have been found which gave average assays of over $100.00. The other 50',~ interest is owned by the Agllsan Gold Mines, I nc. Extensive exploration and tllnnelling is going on in this property. We arc also pleased to infoml you that this property is now the s ubject of negotitltions with operating companies details of which will bl! sent you at a later date. Our corporation papers 3re now befOI'e the Commissioner of Securities and Exchange, and we ex pect to get the permission in a f ew days, certificates will t hen be issued to subscribers who have paid t he ir subscrip t ions in Iull.-K. H. HE~IAllY.
P)路esiclent. SANTA MARIA LUMBER CORPORATION H ead Office: Kneedle r Bldg., Rizal Avenue, Carriedo, Mani la-Registered : Se])tembel' 8, 1937Nationality: Filil.ino-B !(siness : To exploit forest resources, and to buy and sell lumber etc.-Ca1,ital Stoclt: PIOO,OOO.OO divided into 100,000 s hares of t he pal" value of Pl.OO each-Subscl'ibed Capital: P20,000.00-Ca1,itul Paid: P5,000.00-lnco)'lJOratO)路s : Eulogio ~icafo !"t, Chang H iok, TeodOI'a Salgado
SANTA MONICA GOLD MINES Head Office
MANILA, PHILIPPINES
GOLD A ND PRECIOUS M ETALS MINE OPERATORS
I E xploration-Development-Ore Mining-Milling
L
447
Concentratmg-Converting -Buying-Selling
THE COMMERCIAL & INDUSTRlAL MANUAL Vda. de Ullman, Benito M. Al'cilJa, Chang Eng, George Pay, Pedro Arcilla, J oaquin S. Galang, David C. Santos, Vicente Diaz and Troadio Y. QuiaZO!l.
SANTA MESA DAIRY FARM, IN C. Head Office: Manila, Philippines-Registered: ~'ovember 25, 1936-Te1'ln : 50 yeal's-Bw,:ine.ss; To Engage in Raising of Livestock and Production of ?1ilk and Dairy Products, lmportat'on and Exportation, Manufacture and Sale of Dairv awl Livestock Products-NutiolW lity: Filipino-Cu'l)ital Siock: Pesos 100,000.00 dividC!d into 1,000 shares of the par value of P esos 100.00 cuch-SubscI'ibed ami Pllid Cctpital: Pesos 30,OOO.OO-i1LCOI'POI'(ltf)I'R and DIrector:;: Nicasio A. Tuasoll, Gelso S. Tunson, Jaime Buenaftol', Severo A. Tunsan and Jose M. Tuason-Treasure)' : Jaime Buenaflol", 902 Corde· leria, Sta. Mesa, l\Iarl'ila.
SANTA MONICA GOL)) MI NES H ead Office; Manil Philippines-Reyi.~tel"ed: November 14, 193&--Te1'm: 50 years-B-II.~i)less: To Locate, Purchase, Lease, and Otherwise Acquire Mineral Claims Anywhere in t he Phil ippine Islands, a nd to Explore, De\'elope a d IHine Laid Claims and the Mining, Milling, Concentrating, Con· \'erting, Smelting, Treating, Preparing for Market, Manufacturing, Buying, Selling and Otherwise Producing and Dealing in Gold and Other Precious metals and/ or Iron; Manganese, Chromite and Other Base Metals and tlhe Products and By-Products Thereof, etc - Natiomtlity: Filipin~a1,ita.1 Stock: Pesos 500,000.00 divided into 50,000,000 shares of the 1m}" value of Pesos 0.01 each-Subs-
cI·ibeu. Cal)ital: Pesos 144,200,00 Cal,iif/l Plj;d: Pesos 36,050.00-/ncoI·lJO)·afo1"8 anci Dirf3ctoJ"S: Don Curios RivilJa, Leonal'do M, Guinto, Gov. Vicentl' Noble and DOll Antonio Monfort. (1\1 ,·s. Fabion Mil1al', Amado R. Munson (lnd Ampa,·o C. de GIIS. ton, are incorporators oniy) and (GOY. Emilio Gaston, is a director only) - TI'easIlJ"l~I": Aml)UrO O. de Gaston, Bacolod, Occ. Negros. SANTA MONICA GOLDFJELDS Head Office: Manila, Philippines - Reyietcre<i November 20, 1936-Tel"'m: 50 years-Bw;il/l!81'L" To Locate, Purchase, Lease. and Otherwise Acquire Minerai Clailll$ anywhere in the Phil ippine islands, and to Explore, Develop and Mine Said Claims and the Minerals Therein Contained, and to calTy on the Business of Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing fOI" Market, Manufacturing, Buying, Selling and Other· wise Producing and Dealing in Gold and Other Precious Metals and/ or iron, Manganese, etc.Nationalitll: Fiiipino-Ca1Jitul Stock: Peso:;; 500,· 000.00 divided into 50,000.000 shares of the par va.lue of Pesos 0.01 esch-SlI·bscribed Cflpital: Pesos 144,200.00-Capital Pail/: Pesos 36,050.00-i1IC()I·/JO?'MoJ"~ and Directors: Don Carlos Rivilla, Leonardo M. quinto, Gov. Vicente Noble, (n. Munson and Amparo C. de Gaston. are incorporators oll ly) alld Gov. Emilio Galloton, is a director 01l'ly-TrcIl8111'cr: Amparo O. de Gaston, Bacolod, Occ. Ncgros. E. SANTAMARIA & COMPANY Head Office: S. J. Wilson Bldg., ManilsR6gistel'l!(i: April 22, 1935-Term: p,'om March 1. 1935 to March 1, 1940-BlIll'hless: Ge.neral Broker-
E. SANTAMARIA &
co.
STOCKS AND BONDS
S.
J.
WILSON BUILDING 7TH FLOOR . CALLE J UAN LUNA MAl\f"ILA
TELEPHONE:
2-33-85
PHILIPPINES age - Nationality: Spanish - Cal)ital: Pesos 50,000.00 - Capital contl'ilntted by each p:JIrtner: E . Santamaria, Pesos 25,000.00; A. K. MacLeod, Pesos 15,000.00; R. H. Machado, Pesos 10,000.00 -Manager: E. Santamaria. SANTO N r ~o MINING COMPANY, INC. Head O//ico: 502 Samani!1o Bldg., :ManilaRegistered: August 19, 1936.-Tenn: 50 yearsBusiness: To Search for, Prospect, and Explore Ores and Minerals, and to Locate Mining Claims, Placer Grounds or Lodes Within the Philippine Islands, etc. - Nationality: Filipino. - Capital Stock: Pesos 100,000.00 divided into 1,000,000 shares of the par value of Pesos 0.10 each-S1tbscribed Ca1禄ta1: Pesos 100,000.00 - Capital Paid: Pesos 25,000.00- hIC01'1KJrato1's ltnd Directors: Leopoldo Brias. Manuel V. Gallego, Valentin Teus, Alberto Barretto, Victor de los Reyes. Alberto S. Guttridge, Ramon J. Ongsiaco, Jose Mo.. Preysler, Cipriano Soler, Paz de los Reyes, Manuel A. Alzate, Jose Corrales, Ramon de Amusategui, Gerardo Vasquez and Frederic Knecht. (Ramon J. Ongsiaco, I\'lanuel V. Gallego. Victor de los Reyes, Gerardo VasquC'.l: and LeopDldo Brias, are directors only)-TTeaS1tre1': Victor de los Reyes, 183\A. Mabini, Caloocan. Rizal. \ SANTA ROSA MINING COMPANY, IN C. Head Of/ice: 9 Plaza Moraga, Manila-Nationality: Filipino-Business: M~ning-Estab~shed: May 26, 1934--Autho1-ized Capital: Pesos 1,500,000.00-Paid Up Capital: Pesos 1,000,000.00-PuI路 Valite of Shares: Pesos .01-Cable Address: "Saromico"-Executive Committee: Hon. V. Singson Encarnacion, President; Mr. G. P. Nava, Vice-President and Genel'al Manager; Mr. Salvador Araneta, Legal Counsel- Properties Situated at J. Pai'iganiban, Camarines Norte-Bank Reference: Philippine National Bank; Bank of the Philippine Islands, Manila. Histo)'ical Notes: Organized and incorporated in May, 1934, with an authorized capital of Pesos 100,000.00, which was increased to Pesos 1,500,000.00 on January 7, 1935. The company is under the manal,!ement of the Union Management Company Out of tlw Pesos 1,500,000.00 capital, only Pesos I,OUO,000,00 was sold to the public which has heen fully paid, Rnn Pesos 500,000.00 wa s placed in escrow for the pl'oT,erty. SANTA
ROSA
NEARING
PRODUCTION
STAGE
The Santa Rosa :Mining Company's guld property, which is situated in Mambulao, Para('aie Dis-
449
trict, Camarines Norte, is rapidly reaching the production sw.ge, and should start milling early next year. The Comp'lnY is fortunate in having an ideal site for the surface plant, approximately in the center of the property. The site is a natural amphitheater, on the south and east slopes of which are situated the Power House, Shops, Assay Office, Mill, Bodega and General Offices. On the north slope, a new eamp consisting of modern bunl!alows is being built for the operating staff. The most modern and alI essential equipment has been purchased for all department of the operation to assure the maximum production at the lowest possible cost, and all equipment necessary for the mill has already arrived and is now being installed at the Mine. Sufficient equipment has been provided to permit not only an extensive and rapid development of the known economically mineralized veins but to prospect the many veins wh~ch outcrop in the property, and which up to date have not been explored Eight thousand feet of all classes of development work has been done on the veins being developed, and three levels a r e now being prepared for extraction. Vein widths range from a maximum of 23 feet to 30 inches and the average width of vein is sufficient to permit clean mining with the mining methods which will be employed. The present ore res<:!rves of the Sar.ta Rosa property are those which have been developed in the Pelang and Luna Veins; no development work having been done so far on several other veins where indications . are ver.y favorable, owing to the fact that the development of the Pelang and Luna Veins has indicated that there is very probably sufficiE'nt minerable ore in these two veins alone to supply the mill for several years. It ha!; been found unnecessary to develop other veins up to the present time as the development work for the start of operations on the above mentioned two veins has continued to block out good minerable ore in satisfactory quantities. As soon as the new power generating plant is completed, an intensive development pr~ gram will be undertaken with the object of increasing the ore reserves sufficiently to permit the maintenance of n fixed tonnage of proved reserves at all times. The present ore reserves are estimated at 70.000 tons of proved and prospective ore, having a value of P2,874,000.00. Probable ore is estimated
4\0
THE COMMERCI AL & INDUSTRIAL MANUAL
vcr~' conservatively at 50,000 tOllS having an estimated value of 1'1,750,000.00. This gives a total vallie of P4,624,OOO.OO, without considel'ing the potl!ntial value of undeveloped veins which prospecting has proved to contain large quantities of good o"re, and which some engineers have estimated to contain 110t under 1)10,000,000.00 in gold. Even a SU lle r ficial examination of the Santa Rosa Jll'OJlCl't~' cannot fail to impress an engineer of its tremendous po~sibilities.
MINE
The l\'line is sCl'vpd by tw(' thl'cc-computment shaf~, 3,000 feet apart. The south shaft known as the Pelting, and which is ]90 feet deep, will be used pr imarily for the handling of men and materials and the transfer of waste from one level to another fOI' PUI'poses of stQpe filling. This shaft will be served by a single dum, electric hoist for the reason that below the PI' sent bottom of the sh1'.ft, it wi!l be continued with two compartments, there being no need fOl" the third compartment, The second or north shaft is the main hoisting or mill sh aft, and is being sunk well into the footwall as a threecompartment shaft. I t will be served by a double drum, Allis-Chalmers hoist, and will be equipped with a 75-foot head frame having 6-feet diameter sheaves. Hoisting wiJI be done with 2-ton Kimberly-tY I>e skips which will be loaded automatically from hll'ge 01'C storage pockets underground and which will be self-dumping into the mill coarse ore bin. The economy and efficiency of skip hoisting is well known, and as all properties which attain an~t depth must eventually l'esort to this type of hoi sting, it was considered economical to use thi!i s~'stem .from the start. Main haulage in the l\line will be dOl'" with a 3-1 / 2-ton storage battery locomotive, and well desip:n(:d shaft stations are beinr cut. to a ssure t h e maximum efficien-:y in on~ tl'ansportation and handling. Main haulage levels will be established on C-VC1'y third level, and will be provided with ample orc storage pockets. Or es from intennediate levels will he passed to the ore pockets t hrough ore transfers. Conventional horizontal cut and fill mining methods will be used and it is hoped that ill the lower levels, shrinkage stoping can be employed. MILL The mill has been designed for a maximu m ton nage of 260 tons, but provision s has been made for a possible future inc rease to five or six hundred
tons. Here again, the Company has for eseen t he convenience of employing a combina tion f lotationcyanide flow sheet for maximum extmction of t he valuable minerals. POWER GENERATION ANI) SHOPS Two 690-RP. Fairbanks-Morse, 2-cyc!e Diesel Engines, di r ect connected to 460 kilowatt, <180 volts, 3 phase, 60 cycle General E lectr ic generator s, arc being installed. This current will be stepped up to 2,300 volts for transmission to all scctions of the MinI' wherc it wiil be stepped down to 440 volts. A ],200 c.f.m. Ingersoll-Rand compl'cssor will s upply the compressed air for th e Mine.
All shops: mecha n ica l, electrical and d r ill shul'penin g will be housed in one building. The shop s arc st rategically situated to sel'\'e both Mine, Mill and Power Rouse. Shop equipment is complete and of the ~st, and much equipment will be manufactured on the property. This is essentinl owing to the grellt distance of the Mine from Manila. SAFIITY A~O I NDUSTRIAL RELATIONS The company is making a special effor t to introduce all possible safety methods and equipment for the protection of its personnel.
A new barrio fOr the labor is being constructed with well-la id out stl'('ets a nd modern houses, with nl) san itation facilities. A we!l-equipped hospital, with a competent doctor and nurses has been provided. In brief, the Santa Rosa Mining Company, Inc., is doing everything possible to make t h is enterprise one of the most successful and efficiently oper ated Mines in the Philippines. R. G. BERGMAN, C01IS/tlt.i7'g E7Igineel' 1\{.mila, P. I., Octobel' 26, 1937. SANTO ROSARIO SUR IGAO MINES, lNC. Head Office: Manila - Nationality: F;]ipinDArticle8 of /?lcorpomtjon Filed: A pr il 7, 1937 Cupitul: P esos 700,000.00 in Shares at Pesos 0.10 each-Directol"8; J ohn C. H a r t, Arsen io B. Yulo, Ellis J oseph Jose D. Cortes, Man aging Director: Fernando Siivosa-Officers: J ose D. Cortes, Presi~ dent; Fernando Sil\,os8, Vice-President, Arsenio B. Yulo, Secretary-Treasurer, Rafael M. Morales, Assistnn t Secretary, Mrs, J osefinll V. de Guerrero, Assistant T reasu l'er-Cc.III8l1lting ElIgiJleer: Frankli n E. J ohnson-Gener.a l C01l1lsel.- Cortes & Leynes, and Atty. Rafael M. Morales.
PHILIPPI NES The properties of the Santo Rosario Surigao Mines, I nc . arc located ill the pr emier mining province of Surigao. Surigao has been a producer of gold many years ago since the Spanish era, and records show that the metal, detected first in the sands of the I'h'ers and beaches, was traced al-
451
most at once to its original home in small quartz stringers a nd pockets in the andesite, which con· stitutes a large part of the land mass of the region. Althougn small, those quartz bodies appear to have been rich in gold at the surface, and at many places the ore has been taken out
SANTA ROSA MINING COMPANY Balance Sheet as of Decem ber 31, 1936 ASSETS
LIABILITIES. CAPITAL, ETC. Curren! LiabiJities : hccounrs Payable....... . ... . l~ 25,280.95 Accrued Salaries & Wages .. . 3,870.48 Unclaimed Wages .... . .. . . . 111.55
Current Assets: Cash on Hand.. 1~ 478.86 Philippine National Bank c/ a.. 286,889.07 PhilirPino: Nationa Bank f/d.. 150,000.00 P 437,367.93 Accounts Receivable. 872.0} 282.92 Advances to Employees. .' \ ..•.. Deposits. 954.13
~~~~~;~di~ Fixed
1,934.40 1,881,47
in Tran5ir . ... \
r
443,292.88
As~ts:
Mine wnds &. Mining Rights .. Mine wnds of PinagiJawan Mining Association ( Nominal Value). Power Plane .. Trans~rtation Equipment (net).... . .. .. Real Estate .. Buildings (Net) ... ' ..... .. ' Roads, Bridges &. Camps .. Assay Equipment ..... . ... . . . Tunnelling Machinery &. Equip ment, etc. ( Net)........ .. . Surveying &. Engineering Equipment, Ra ilroad, etc. . . Furn iture &. Fixture (Net). Wa ter System. Deferred Charges: Organiza tion Expenses ..... . . Commission on sales of Stock. D eve l opment, Overhead Expen~s, etc..... '1>202,477 .57 Earned , Transfer Development, Overhead Expenses, etc., of Pinagilawa? ~in i ns_ AsSOCiation (Nominal Value). 1.00
1'29,262.98
Capha!: Capiral Authorized ... 1'1 ,500,000.00 Deduct- Unsubscribed Capita! Stock.. 275,000.00
P530,600·oo
C"'pita! Stock Ourstanding : Paid In .... 1'725.000.00 Held In Escrow. 5OO,OIXl.OO l'I ,225,OIXl.00 Premium on Capital 5lOck.
1.00 ~,023.OO
67,564.17
1,292,564.17
/
1,092.48 2,100.00 17,934.69 6,056. 11 2,307.55 16,]32.57 2,3]6.28 4.550.36 1,800.00 1~
611, 134.04
10,663.60 46,618.19
P202,478,57
Dc:duct - Interest Fccs, etc.. 3,544.28 OrhCT As~ts: Construction In Progress ... MambuJao Lumber Co .. .. Suspenso: . ..
198,934.29 1~
5,592.40 4,676.69 915.06
256,216.08
11,184. 15 "1.321.827.15
1' 1.321 .827.l5
452
THE COMMERCI AL & INDUSTRIAL MANUAL
from the open trenches and shallow holes over con路 siderable distance, It was firstly discovered by one of the best known early prospectol's, a Frenchman referred to by the Filipinos as Don Maximillano, and apparently he explored most of the known gold ioealities; early in the Jast century, ihe made his home on the east of Lake l\1ainit where he did most of his mining, and is said to have died at Surigao many years ago a very wealthy man.
The Santo Rosario SUl'igao Mines, Inc. owns two group of properties, all locuted in SUl'igao. One grou p of properties consists of fifty (50) minel'al lode gold claims, with clear a nd quiet title, located near Lake Ma init, in the Municipality of Bacuag, situated immediately Northeast of the SUrigao ConAnother group consists of solidated Mining Co. forty-two (42) full lode claims and is located in the Bar,rio of AnaoaoJl, Municipality of Surigao. bounded on the East bY. the N01'bh Mindanao Mining Co., on the South by' public and private land, and on the West by private land and the Mindanao sea. It is located about three kilometers from the capital of Surigao province.
Mr. Franklin E. Johnson has been formerly t,he Chief Engineer of the Bnlatoc. now the largest producing mine in the Philippines. In addition to the ah'eady mentioned groups of claims, this corporation has in view several other very interesting and promising properties of gold, manganese, iron and copper claims has been made by our engineer. Location: Th is g )'oup of claims consists of '12 full lode claims and is located in the Barrio of Anaoaon, Municipality of Surigao, Province of Surigao, Island of Mindanao, P. I. They are bounded on t he East by North Mindanao Mining Co., on the South by Public and Pl'ivato La nd and on t he West by Privnte Land a nd the Mindanao Sea, Accessibility: This group of claims is accessible by launch from Surigao to t1he Barrio of Ana_ oaon, and f r om that Barrio by trail. the entire hip requiring approximately t.wo and a half houl's. At the present lime a road is being constructed from Surigao to Anaoaon and construction work to Anaoaon is expected to be finished before the end of this year, From Anaoaon to the edge of the claims it wou ld be a relatively easy matter to consb'uc a road as the countr y is rolling copra land.
,--
SANTO ROSARIO SURIGAO MINES, Inc.
MANILA, PHILIPPINE ISLANDS
SHARES AT P esos 0. 10 EACH, PHILIPPINE CURRENC Y MINIMUM SUBSCRIPTION : 1,000 SHARES.
PHILIPPINES Topography: Elevations within the boundaries of t his group vary from sea level to approximately 300 meters above sea level. The slopes are for the most part relatively steep. There are two fair sized streams traversing the property, which streams drain to the Mindanao Sea. Ge%gy: The predominant country rocks in th is area are intrusives; mainly diorites together with some dark colored basic igneous dykes in most cases altered to a serpentine. A small amount of andesite float was also observed in the river bottoms, although none was observed ill place. The principal and most interesting structure observed on this property was an outcropping of a structure heavily stained with iron oxide and manganese oxide, and which contained considerable in the way of residual qURrtz. But very little work has been done on these ctutCl'OPS although they have been traced for a d:~tance of approximately 150 meters. In as much as no hesh, unaltered part of this iron capping has been exposed it is rather difficult to ascertain its exact chal'aeteristics where f resh and unaltered. It may be the capping of a quartz vein very heavily m:~eralized with pyrite or other sulfides heavy in iron ·or this capping may represent the oxidized upper part of a heavily py. ritized basic dyke. Samples taken from this expD-sure returned assay values from a trace to $2.06, the old price of gold. All of the samples taken were assayed at tJhe Assay Office of the Premiere Mineral Exploration Association, Surigao, Surigao. The attached Assay Report and sample descrip_ t ions cover the samples taken. General Fncilitie8: There is a smal! amount of fairly usable timber on these claims a rtd a ny amount of very good timber can be secur ed in t he immediat<! vicinity. As stated heretofor e there a re two s izeable streams tra versing t he pro perty. T he labor supply in th~s area should De adequate for all needs as the same conditions prevai ls her e as elsewh'.!re in this province. In as much as the basement rocks in this area are intrusive, plus the fact that the assay l·eturns on the strongest structure observed (this structure varies in width from 2.5 feet to 6 feet) were reasonable for surface showings, it is recommended that this structure be opened up witi!. surface opencuts and trenches. Your Resident Manager, Mr. F. Silvosa accompanied the writer during his inspection of these showings and he is thoroughly familiar with their location. This work should have as its aim Ute securing of fresh, unaltered samples so that a decision as to poss:ble future explo-
453
ration and development can be reached as soon as possible. In conjunction with this work the claims in the Southeastern portion of this group should be pl'ospec~ed as very little has been done along that line in that area. (SeD.)
FRANKLI N
E. J OHNSON
Licensed Mining Engineer. SANTI AGO SYJUCO. Head Office: 102-11 Yangco Market, Manila, P. I. - Ncttionality: Filipino-Business: I mporters & Manufacturers of Native Cloth - Established: 1916-/lu!horized C(tpit,al: Pesos 300,000.00 - Telegraph: "Sujuco" - Codes Used: A.B.C. & Any Codes-B?'anch Office: Malabon, Rizal, Philippine Island-Bank Reference: Philippine Na:ional Bank. SANTOS !NVESTMENTS, INC. Head Office: Room 303 C)·ystal Arcade, Escolta, Manila - Re{Ji!stere({: November G, 1936 Tenn: 50 years-B1Isiness: General Agency, CommiSSion, Investment, Promotion, Brokerage, and Stock Brokerage-Nationality: Filipino _ Capital Stack: Pesos 2,000,000.00 divided into 10,000,000 ('ommon shares of the par value of Pesos 0.01 each and 10,000,000 preferred shares of the par value of Pesos 0.01 each - Subscribed Capital: Pesos BOO,OOO.OO-Capital Paid: Pesos 24B,750.00-/7IC01·porators a1!d Directors: Apolinario G. de los Santos, J uan Manahan, Santiago B. Montemayor, Andrea Rementilla·Santos, Rufino Abriol, A. A. Bd. mo, Patricia S. Montemayor, Eulogio Ricafort, J ose Alejandl'ino and Zozimo P. Ricafort. (Andrea Rementilla-Santos, Patricia S. Montemayor, Eulogio R icafol't, Jose Alcjandrino and Zozimo P. Ricafor t , are incol'pOratol's only)-Trcas/tJ"lH·: Putl'icia S. Montemayor, 28 San Anton, Sampaloc. SAVIOUR H OSPITAL Head. Office: Baguio and Province of Monta~ nosa-Registered: June 2, 1936- Te1·m: 15 yearsNati<malitll: Filipino--C,apitJ:t,z Stock: Pesos 10,000._ 00 divided into 200 shares of the par value of Pesos 50.00 each-Subscribed CU.l )ital: Pesos 6,500.00 - Capital PfLid: Pesos 2,350.00 - i7!COrpOI·utors .!lnd Directors: Alejo Basco, Raymundo Camacho, Rufino S. Bueno, Sioco Carino, Manuel Caoili and Mercedes Rosal de Quinto-TnlUsurel·: Manuel Caoili, City of Baguio. SAVINGS BANK OF THE COMMONWEALT H Head Office: 105 Plaza Santa Cruz. ManilaNationalit'Y: Filipino--Eslablished: March 9, 1937 -Cupitlll Stock: Pesos 1,000,000.00 in 10,000 Shares
454
THE COMMERCIAL & INDUSTRIAL MANUAL
-Paid Up Capital: Pesos 200,000.00 - Par Value of ShUTes; Pesos lOa.OO-Principals: R. F. Navar1'0, Vicente Villanueva, Pedro S. Carl'iedo, Claudio R. Sandoval, 1. D. Cortes.
SCARFE ENGINEERING CORPORATION Head Office: 181 David, Escolta, Manila-Re. gistered: October 14, 1935-Term: 50 ,y ears-Business.. Consulting and Contracting Mining, MetallUrgical, Electrical and Chemical Engineers, etc. Nutio1l(ti1'ty: American-Capital Stock: 200 shares of no par \'a!uc-Subscl'ibed and Paid Capital: Pe!<.os 1,OOO.OO-lnC07'1)(lTutol's (md Directors.' Geo. O. Searie, Cou r tney Whitney, R. P. Flood, V. Elicaiio and Geo. O. SCD.rfe, .J r.-Treasw路eJ': Courtney Whitney, Manila. SCARFE-ELICAziiO & COMPANY Head Office: Manila, P. I.-Regisw路ed: October 18, 1!l35-----Bus-illess: Real Estate-National路t ty: American - Capital: P,csos 50,000.00 - Capital cont'ributed by each Pthrtne1': Victol'iano Elicaiio, Pesos 12,500.00; R. P . F loo3\ Pesos 12,500.00; Geo. O. Scarfe, Pesos 12,500; Co~路tney Whitney, Pesos 12,500.00-Ma.na.ger: Courtney W hitney.
Y. Orosa. (Angel S. Arguelles, is an incorporator only)-TrD:t08ztre)": Epifania S. Basnen, Manila. LEO SCH NURMACH ER, I NC. Head Office: EJ Hogar Fi lipino Bu ildi ng, Ma_ n il n-Na.tionaUty: Fil ipino-Busin6s8: Bl'okersEstablished: 1921-Principllls: Leo Schnurmacher, eresident, W. E. Schemelkes, Dil'e<:tor, N. W. SC'hmelkes, Director-Capital: Pesos 4,OOO.OO-Pal" Vulue of Shares: Pesos 10.00 A lUI/wI Tl(rllOller: Pesos 15,000,000.00 - Telegraph: " Leopassage" - Bank Reference: Hongkong & Shanghai Banking Corporation; Chartered Bank of I ndia, Australia & China ; National City Bank of New York,
B. I. SEHWANI & COMP AN Y Head Ofjice: 490 J\lan Lunn, Manila- BI'unch es: Bacolod; Silar. Negros Occ.-Nli tionafify: British-Indian-Established: May 15th, 1928-P!'i\'ate partnership between D. B. Sehwani and H. Bhojl'aj- .CU1Jituf: Pesos 96,956.1l-.4.Ut:llts fol': Gooddch International Rubber COmIJan~'; Phi lco Radio -TclfOI'a.ph: Sehwani-Bank Refel'el1ce: PhiliJlpine National Bank; China Ballkillg Corporation. ~--------------
J\1 ns. HELEN SCH LINGER Head Officc: Davao City--Nationafity: American-B1!sinc81l: Hotel Operator-Established: 1932.
Th e
SAVINGS BANK
SCHMID & OBERLY, INC. Head Office: Iloilo, Philippine Islands - NUr tio,wlity: Swiss - Business: Machinel'Y and Supl>lies - Established: 1926 - 'Celegl'aph; "Sch mid" Co(/e!;: Bentley, ABC 5th Edition-P1'inctpals: O. Schmid, President and Treasurel'; H. T. Oberly, Vice-President-Branc.hes: Mani la, Cebu - BanI.Referellces: Bank of the Philippine rsiands, Hongkong & Shanghai Banking Corporation. SCIENCE COOPERAT IVE AND SAV INGS ASSOCIATION Head Office: Bu. of Sciencc Bldg., Man ila Registered: March 30, 193G-Tel"1n: 50 years Natiollality: Filipino - i ?l.CbrpOl\!lJtOl'8 a'lId DirectOl'S: Angel S. Arguelles, Eduardo Quisumbing, H iIario Roxas, Mariano Basaca, Ariston J. Hennano, Francisco D. Reyes, Cirilo B. Perez, Agripino Heyles, Leopoldo F. Abad, Felipe Ancheta and J\laria
of rh e
COMMONWEAL TH corner P. Sta. Cruz & Dasmarifias
Manila, P. 1. VICENTE VILLANUEVA, PnsiJwf
I
Savings Acco un ts..
3-1/ 2% p. a.
Fixed Deposi[s ..
4-1 / 2% p. a.
PHILIPPINES
455
B. I. SEHWANI & CO. Balance Sheet as of J une 30th, 1937 ASSETS Cash on hand Fi):e<:i deposit.. Cash in bank .. Cash in transit . Merchandise invcnlOry ... Accounts receivable:. Furnitures and fixtures ..
Truck
~nd
Tor"L.
Automobile ..
Accounts payable... Accer.tances .. Emp oyees .. . Loan payable .. Accrued sales tax ..
I' 1,029.11 3,144.78 4,026.41 2,950.00 94,000.00 61,911.99 10,701.39 2,709.92
LIABILITIES 1'24,29}.76 47,BB}.12 4,}04. n 6,21B.IO I ,BI6.08
I' 84,}17.49
PRESENT WORTH 1'40,}}1.41 Capital.. . . . . .. Undiv ided profit.. .. .. .. .. 4O,37}.S7 Ne, profic lor the year... 16,2}1.l} 96,9}6.1l --'--"~ 1'181,47l.60
SEE CHONG GOH & COMPANY H ead Offi.ce: 609 Sto. Cristo, Manila-Registered: January 5, 193'1-Tel'm: Two years, from April 6, 1936-8w,i1l886: Grocery-Nationalit,y : Chinese-Ca-pitul: Pesos lO,aaa.OO-Capital cont1'ibuteet by each 11U)'hle)': See,. Chong Goh, Pesos 2,500.00; Ke Tee Tua, Pesos 2,SeO,OO; Dy Ham, Pesos 2,500; Lee Luat, Pesos 2,5I,lO.OO-Mutlagcr: See Chong Goh. SEE TENG AND COMPANY Head Office: 360 Camba, Manila-RegisteJ'ed: November 10, 1936-TeJ'ln: Foul' years, Beginning October 1, 1936-BJtsiness: General Mel'chandise-
Nationality: Chinese-Capital: Pesos 21,000.00Ca.pital cont)'ibl!ted by euch 1)al·ttle1': See Teng, Pe~ sos 3,000.00, Ngo Hao, Pesos 3,000.00, Lin Chu, Pesos 3,000.00 Chan Ching, Pesos 3,000.00, Chang Yao, Pesos 3;000.00 Lei Kung, Pesos 3,000.00 Chan Siong, Pesos 3,000.00-Matlage,.: See Teng. SERGIO SEA DE YAMAZ AND CO. Head Office: 157 M. de Billondo, Manila- Re_ gistered; May 8, 1935-Te,.tn: Five years from May 2, 1936-Bttsiltess: Manufacture and Sale of Shirts -Nationality: Chinese-Capital: Pesos 2,400.00Capital contributed by each paretle)': Ong Kim So,
Pesos 1,000.00; Li Ng, Pesos 400.00; Sergio Sea de Yamaz, Pesos 600.00; La Yu Tian, Pesos 200.00; Po Lam, Pesos 200.00-MalU~ge)·: Lo Yu Tian. SELIM M. NASSR & COMPANY Head Office: Manila - Registe"ed : November 13, 1935-Term.: Three years, from November 13, 1935-BlIsilless: Importation Cloth, .Jewelry, etc.-
TOTAL LIABILiTlilS AND PRUBNT WORTI/.
1~181 , 473.60
Nationality: Filipino-Capital: Pesos 20,000.00 Cwpital contribltted by e.'lch partner: Selim M. Nassr, Pesos 10,000.00; Selim E. Salem, Pesos 10,000.00.
SERVICE INCORPORATED Head Office: Baguio -Registered: September 7, 1935--Term.· 10 years-Business : General Bro_ kerage- Nationality: American - Capital Stock: Pesos 20,000.00 divided into 40 shares of the par value of Pesos 500.00 each - S"bsC7'ibed Capital: Pesos 6,000.00-Cf.lpital Paid .' Pesos 3,000.00-l n . corp01'aton~ and Dif'ectM's: W. E. Dossel', R. L. Lile, J ose de la Rosa, Fred Belling anci Ramon P. Miha-T'·ea$!(rel·.· Fred Belling, Baguio, SH INK ICHI KISHIMOTO Hrud Office: 793-797 Tabora, Manila - Reg:s_ te?'ed: March 21, 1935-BII . . iness: Import and Export- Nationality.' Chinese- Capital.' Pesos 3G,OOO.~ OO-Ma.nager .' Shinkichi Kishimoto. SHURDUT MILL SUPPLY CO., INC. Head Office: 318 Misericordia, p. O. Bc.x 1490, Manila-Nationalit·y.· Amorican- BlIslltc.~I<: Hardware; Mil! and Mine Supplies-Establ1shed.· 1932 .-Pril1cipals: J. M. Shurdut, Manager, Jose L. Domingo, Secretary, Antonio R. Jose, Assistant-Treasurer - Authorized Capital: Pesos 100,000.00 Paid-in Capital: Pesos 50,000.00-Par \fulllc of Sht'lTCS: Pesos 100.00-Agents for: V. D. Anderson Company, Cleveland, Ohio; Hewitt Rubber Corpo~ ration, Buffalo, N. Yo, Sallee Bl'OS., Pocahontas, Ark. - Tclcg1·U.p h: "Shul'dut" - Bml/..' Rd()r~)J ce: Philippine Trust Company.
456
THE COMMERCIAL & INDUSTRIAL MANUAL
SIARI VELLEY ESTATES, I NCO RPORATED H ead Officc: Dipolog, Zamboanga- Registered : June H, 19a5- Term8: 50 yem's-Busi1t68S: Agriculture, Planting, Cultivating, Producing, and Harvesting Coconuts, Corn, and Othol' Crops a s well as the Breeding of Cattle, carabaos, and Qt hel' Animal s, and the Marketing of the samc-Nat,ionality: American-Capitclf Stock: P esos 150,000.00 divided into 1.500 s hares of the pal' value Pesos 100.00 each-S!!bscribetl Capital.- Pesos IOD,aOa.OO-Capital Paid.- Pesos 96,<100.00 all in PI'OPCl'ty-hICOJ"pol'utors (mel Direcfors: J . N. Kruscman, John H. Roemer, R. C. Smith, Jordan C. Thomas and Cipriano GarroviHo-Treasure)' : (as of Novembe1' 1937) Cipriano Gal'l'ovillo CF'ol'merly, H. C. Smith) . SIARlN CO MMERCI AL CO., I NC. Helld a/lice: Cebu, Cebu-Registel'ed: October 14, 1935-7'e1"lIt: 50.. years-Bltsi~less: Mallufacturing Native Products-Natiolmlity: Filipino---Chpital Stock: Pesos 45,000.00 divided into 45,000 shares of the pal' value of P~sos 1.00 eaeh---Subscribed Capital: Pesos 9,000.00-Capital Paid: Pesos 2,295.OO- Incorporators and D ir~cto,'s: Eulalio E. Causing, Marcial BOl'l'omeo, Nazario ViJlamor, Pedro Malajaca n, Jose Lofranco, D~roteo Rcynes, Filomeno Reynes, Catalino Tapales, Narciso S. T ujan, Re路 gino Concepcion and Vitaliano S. Tujan, (Eulalia E. Causing, Nal'ciso Villamol', P edro l\1alajacaJl , Jose Lofl'anco, Filomeno R eynes and Regina Concepcion, are di rector s only)-T)'ea81trer: Marcial Borromeo, Sikatuna St., Cebu. SIELSKI, FELD MAN & RIl\I ANDO CO. He ad Office: 620 A. Mabini, Manila-Registered: Mar 13, 1936-Tcnn: 10 yeurs, f r om May 13, 1936-Business : I mport and Export: Merchandise, Wal'es, Goods and Other Personal Properties of Whatever Killd 01' Description, etc. - NationaUty: Filipino-Capital: P esos 900.00-Capitll l contl-ibuted by each partner: Wladyslaw Sielski, Pesos 300.00; Joseph Feldman, Pesos 300.00 Enrique Rimando, Pesos 300.00.
SINGE H SEWING MA CHINE CO., IN C. H euci Office: New York City-Manila Ojjice: 703路71 3 Reina Regente-Bl'altchcs: Throughout the Wodd - Natiol1ality: AmcI'ican - 8!tsilleS8: Impor ters of Singer Sewing Machines and Accessories - E stablish<!d in U. S. A. ill 1851- Private Limited Com pany InCOI'I)o]'ateci in U. S. A.-Toleg1'aph: "Rcgnis"-Bank R efel'ence: National City Bank of New York. SINIBARAM GOLDFI ELDS MIN I NG CO., INC. fi end Office: Lack and Davis Bldg., ManilaR egi!:! teJ'eri: October 23, 1936-Ter禄t: 30 years Business: Mining, Milli ng, Concentrating, Converting, Smelting, Treating, Preparing for Market. Manufacturing, Buying, Sclling, Exchnnging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead and all Kinds of Ores, Metals and Mi nerals, etc.-N.~tio1!al1ty: Filipillo-Ca1)ital Stock: P esos 4,000.00 divided into 400,000 shares of the par \.alue of Pesos 0.01 each-$ubscribed and Paid Capital: Pesos 4,000.00-/'I"Icorpol路utors find Directors: Angel Edrosa , Antonino Bernardo, Leoncio C. F~l ician o. L. Soriano, L. M. Baltazar, Deogracias, C. Matias a nd Jesus J. Santos - T reasurer: Antonio Bernardo, Manila. S lY CHIU AND Sl Y sao H ead Office : 358 Echague, Manila- Registered : January 12, 1937 - Blls ine8s: Merchandising Natwnality: Chinese-Capital: Pesos 10,000.00 Capit{ll contributed by eMit partner: Siy Chiu, Pesos 5,000.00; Siy Soo, Pesos 5,000.00 - Manag er: Si'l Chiu. Sl\[I'DH, BELL & CO., LTD. Head Office: Hongkon g & Shanghai Bank Building- Manila B?'amcltes: Cebu, Iloilo, Legaspi. Tabaeo, Cagayan de Misamis , Ligao-Nationalitll: British-Bus iness : I mponers, Exporters, Shipping & Insurance Agents-Telegraph : "Bell"- Bo nh Refer~nc~: Hongkong & Shanghai Ban~ing Corp.-
SHURDUT MILL SUPPLY CO., INC. Mmmftlctt,rers Represent(ltives of
H A RD W A RE- M ILL- MlNE-S UPPLIES 318 Misericordia
MANILA, P. 1.
P. O. Box 1499
PHILIPPINES H. T. Fox, Managing Director, A. J. Balls, Direc· tor, T. Millar, Director, N. J. Macleod, Director, G. \V. Sinclair, Director-~neraJ. Managers of: Malabon Sugar Co., Red V. Cocoanut Products, Ltd. SO KEE & COMPANY Head Office: 712 Rizal Ave., Manila-Registe1'ed: June 19, 1936--Term: 10 years, from June 13, 1936-Business: Buying and Selling MerchandiseNationality: Chinese - Capital: Pesos 1,000.00Capital cont.ributed by each p~rtner: So Kee , Pesos 900.00; So An, Pesos 100.00-Manager: So Kee. SOLINGEN TOOL CORPORATION Head Office: 520 Rizal Avenue, Manila - Re· gistered: June 15, 1936 - Term: 50 years- Busi· ness: General Merooandise Exporting, Manufacturing Wholesale or Retail Quantities, of Any and all Kinds of Goods, Wares and Merchandise - Nationality: German-Capital Stock: Pesos 15,000.01) divided into 1,500 shares of the pal' value of Pesos 10.00 each-SubscI'ibed Qi,pital: Pesos 15,000.00 Capital Pa1'd: Pesos 5,010.00 - Incorporators and Directors: Alfred Berg, August Merx, Ernest Berg, Policarpio A. Hernandez and Jose S. Mercado TrMsurer: Ernest Berg, Mani~a, Philippines. C. C. SORI ANO & COMPANY Head Office: 10 Ansaldo Building, 250 Calle David, Manila-Natiomzlity: Filipino - Business: Accountants-Established : January 1937 - Prirv: cipal: C. C. Soriano - Bank Reference: Peoples Bank and Trust Company.
457
SOUTH BENGUET ITOGON GO LD MINING CO., INC. Head Office: 332 Ul'ystal Arcade, ManilaAlllhorized C01)ital: Pesos 150,000.00-Par Value Pesos 0.IH-Sub8cribed Capital: Pesos 30,000.00Paid-In Capital; Pesos 9,250.00-Commis~ion Fee; 5,;'0 of the value of the securities hereafter soldPromotion Fee; 70/0 of the value of the securities hereafter sold.-Permit to sell 6,000,000 shares granted, October 6, 1937-Djrectol'S and !rICOI'porators; Norberto Roque, President and Manager; S. Libby, 1st Vice-President; F . E. Williams, 2nd VicePresident; Vicente Padilla, Secretary-Treasurer; R. Fernandez, Director; O. Rother, Directors; M. Goldenberg, Director. COMI>l£NTS
OF
TilE BUREAU
OF
MINES:
From the report of A. I. Reynolds, on the properties of the South Benguet-Itogon Gold Mining Company, InC'., known as the Aponan Group and Tanir Group, consisting of 30 claim£ and 48 claims and located in the municipalities of ltogon, Subprovince of Benguet, and San Nicolas, province of Pangasinan, l'espccti'!('ly, it appears that both groups al'a well mine.ralized and the samples taken assay fl:om $1.40 to $252.00 at the new price of gold. In view thereof, thi s Office has no objection to a nominal valuation of '5,000.00 for the 78 elaims of the Sout.h Benguet-Itofon Gold Mining Company. J~.
Attention is invited to the fact that. according to the certificate of the directol' of Forestry, the
THE SCOTTISH UNION & NATIONAL INSURANCE CO. As of 31st December, 1936 .... SSETS ... $ Cash on h:and :and in Banks .. Stocks and Bonds . Value of Real Estate owned by the Company . Lo:ans and Mortgages... .. .. . .. Stocks, Bonds and all other sec urities (except Mortgages) hypothecated to the Comp:any as Collatcral Security. ... .... . ........ . Interest due :and :accrued on:all Mong:age Loans . Interest due and accrued on Bonds. Interest due :and :accrued on Collateral Loans. Gross Premiums in course of Collection . . Bills Recciv:able. .... 1\ other Property.
LI .... BlLlTIES 1,434,174.99 75,452,267.25 3,145,126.44 4,015,919.79 4,652,~2.92
44,9n.06 265.141.95 ,)2,86'1.73 3.066,791.91 207-89 6,526.73
Joint'!Stock C:apical :actuallr paid-up in C:ash .. $1,473,375.00 23,2]6,517.35 Surplus over Capita! :and all other Liabilities ... 4.354.224.00 . Total Une3rned Premiums........ . . Net( Premium Reserve :and all other Liabilitks . 61 ,749.794.59 420,386.01 Nett :amOunt of nnp:aid Losscs. Cash dividends to Srock·holders remaining un· . p:aid .................................... . 12,913.22 Due :and accrued for ul:aries, rent, :advertising and for :agenc)' and other miscellaneous ex153,177.81 penses ..... " ...... . .............. . AU Other dem:ands :against the Comp:any. 736,113.68
458
THE COMMERCIAL
&
Aponan Group consisting of 30 claims of the above D1f'ntioncd company, is within the Central CordiJIem F orest Reserve. However, your at.tention is further invited to the 2nd indorsement of this Office to the Honorable, the Secretary of Agriculture and Commerce. It is recommended that the said claims be not accepbad a s assets of the South Benguet-l togon Gold Min'ing Company, Inc., until the same al'a fi nally withdrawn from the Central Cordillera Forest Reserve, and that the owner s of the claims I:.c required to present. documt-nts on which their titles on the claims arc based, the survey plan of the claims, and affidavits to the effect that the same arc fr ce from conflicts, and an~ not within an" Governme nt I'CSC I'W , and that by the purchase of路s.aid claims, the purchaser will not hold more than 450 hectal'es 1 60 full lode claims) in anyone province, 01' not more,.. than 250 claims in all the provinces of the Philippines, aIi'd also that at least 60 ,/. of t he capital of the herein corporation is own~d and shall at all times be owned by citizens of the Philippines 01' of the United States. it .should be understood that t e herein corporation by the purchase of said claim, shall not hold more than one claim on t.he same vein or lode as provided by sectiolT 33 of th a Act of Con~ress 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 1\'l ining _\cl in case it should be decided that the ~;lid claims shall be leased under the provisions of lhe new Mining Law (Commonwealth Act No. 137).
INDUSTRIAL MANUAL auto there, we hiked over a good b 'ail down the ridge passing over the Philippilre El Dorado claims and the Aponan g "oup of claims. After more than 1.wo hours hiking along this ridge tl'ail we reached t he lI'ortheast section of our destination, the South Apons n Group, The route we followed in going to the property is much longer than is r eally necessary, After passing over the claims and noting t heir location, with rererence to well known localities as ltogon, Antamok Gold Field Mines and others I would suggest 1.hat the claims be apI'roached in the following mll nner from Baguio. Drive by ca l' to a point neal' t he Antlllllok Gold Field Mine. FI'om there follow t he trai l that the north Lmmn Power Cmnpal'y has constructed IJara llel to thai t' power line, 'Ihi s trail and power line passes over the South Apolla n' GI'OUP, 'Phis suggested route I am sUl'e would sn ve hours of hiking that is needed in going to t he JlI'OI)erty the way J was taken. 7'OlIOOI'upliy:-Th e Southern border of the claims lies parallel to the Dutac Ri ver at an oelevation of about two thousand feet a bove sea level. The dOl'thern boundary of the claims pass ovel' the high ridges o~)' a thousand feet above the Dutac River bed, The claims cover a steep sioppirtg grossy area, cut with shurp ravines that dra in southcrnlv into the Dutac RiveI'. Bunches of pine tre(>s al'(> sca ttered over th ~ area. The ravines al'e heavily wooded with Ph ilippine soft woods, bru sh and bamboo.
P"01JCr t'Y &- Location:-The Soutjh ~ponan Group consists of 30 minCl'al lode claims of nine (9 ) hecta res each and arc situated in the Barrio of Aponan, municipality of Ttogon, Sub-province of Bengnet, Mt. Province. The claims are withil;' the Benguet Mineral Dis tri ct and about 12 kilometers due east of Baguio.
Geofogy:- A thol'ough study hn'5 not been made of the geology of t he dis tl'ict. The claims lie within the diorite> urea of the Benguet Mining District, At different points intrus ions of a fine grained rocks Ol\~ to be see n resembli ng andesi tes, The vein fo rmations on these claims resemble mineralized faul ts, l'he lodes consists mostly of iron stai ned decolllpo!:ed wall rock with bands of clay and suga r quartz. r.'on pyri te is the mo!:t pI'evailing mineral present,
Acccssibility:-The route over which I was taken to the Aponon Group is a!:> follows : Leaving Baguio by auto, we followed the Leonard Wood road to the Park Circle. From these we took the Pacdal road as fal' as the Gold River Mining Company )'oad, Following this r oad until we passed over the Gold River Mining C:ompan)' 'C'roup al so the MRbuha v Gr oup, Leaving the
Devc/opmeut :-Alicf! Claim-at a point worked Discovery Post "Alice Mineral Claim" a large oxydized formation crops out in one of the wooded ravines, Two shol't tunnels have been driven on thi s formation which is twel ve to fourteen feet wide at this point. About one hundred feet down the sharp steep ravine another s hort tunnel has been driven on the same formation, This vein for-
Report on the property of South Beng uet -ltogon Gold Mining Co.
PHLLIPPINES motion has a strike of N 500 Wand dips vertically. It is composed mostly of d~omposed wall rock, with
some bonds of clay, and sugar quartz mineralized with py rites.- Colomdo Cl芦ims.-On the Colorado Claim in a ravine a short tunnel has been driven on a three foot v~in form Rtion similar in compl'Isition to that of thl' Alice Claim. Graci(1 F,'action Cl(~i ,'t :-In a rocl:y ravine a similar six to eight foot vein formation crops out on the side of the I'avme. A short tunnel ha~ been driven in on this formation. It consists of decomposed silicified wall rock with band!': of clay, and sugar quartz. The whole mass 'is heavily stained with iron oxide find manganese. hon pyrite is the mineral present. These vein formations continue along their strille for some distance. They all crop out high up on the hill sides, ideally located to be Jevelopcd. A number of good trails have been made over these elaims, which are quit!: necessary for inspection and development One good camp building has been eomrleted Recolll'lH-e~ldatio "s:-B~fore much can be said about the possibilities of these claims developing into mines, considcrable mo e exploration will be necessary. I would recommen that the better outcrops be explored b~' driving tunnels on them for a fcw hundt'cd feet. Careful sampling should be done, as the developing progresses in, order to avoid any e:-:penses of development and exploration should be under the supervision of a competent mining man.
459
This property is sufficiently mineralized to warrant further development and exploration.-(SGD.) A. I. REYNOLDS, Mining Eng illee l' SOUTH CEBU OIL CO" INC. Head Office: 425 Heacock Bldg ., Manila -Regis tered: October 14, 1935-Te1'ln: 50 years-Busitl ess : To Mine, Dig for, or Otherwise Obtain from the Earth, Petroleum, Rock or Carbon Oils, Natural Gas, Other Volatile Mineral Substances and Salt, and to Manufacture, Refine, Pl'epare for Market, etc.- Natioll.'l/ity: American -Ca1)itat Stock: 2,800 shares, all of which are without nominal 01' par value- Sltbscribed C(~pit(ll: Pesos 7,000.00 Capit,al Pnid: Pesos 1,750,00 -Incol'P0rators and Di'recto1'l,: Nicasio Osmena, Rafael R. Alunan, W, W, H arris, R. S. Rogers, Rafael Roces, Jacob Ro路 senthal, J. B. Hoovel', W, W, Harris, Jr" ]1,1, L. Coleman and Arsenio N. Luz, (R. S. Rogers, Jacob Rosentilal, J. B. Hoover and W. W, Harris, J r., are incorporators only) - Tr e(lSw'e1': M. L. Coleman, Manila. SOUTH SEAS TRADING CORPORATION Head Office: 17-29 Aviles, San Miguel, Manila - Nationality: American- B usiness : Importers and Exportel's of Embroideries- E s tablished: 1931 Teleg,'aph: "Sudseatrad"- P"incipals : O. Lipetz, E. Y. Lipetz, H. L. Gelbwaks- Blmk R eferellces: China BankiJlg Corporation, Hongkong and Shanghai Banking Corporation,
SOUTH BRITISH INSURANCE CO., LTD. Balance Sheet for the Year Ending August 31st, 1936 ASSETS Value of Real EState owned by rhe Compan y. 'P4,4U,636.74 1,473,070.96
inOt~:s~d~c:~~a~~:~~~d ' ~~. ~路ti
said Mortgage Loans .. . ................. '". Bonds, Stocks and Debentures. Cash in Office and Banks. Deposits nor with Banks . Bai:111(CS ;1.[ Branches and Agcnties .. Drafts in Transit. '" Interest due and a"rued .. Bills rcceivabJe ................ . Tenants of Head Office Building All other Ledger Aw.;u ..... ' ........ . ... . . .
10,4OH2 23,686,089.00 2,846,582.00 1,014,376.82 1,630,096.82 79,675.30 426,32].60 314,104.16 7,012路50 123,ln.84 'P 36,243,652.62
LIABILITIES . 1'1O,316,4O(}.00 Capital Actually Paid up in Cas h .. . 1,050,850.00 Net Amoum of Unpaid LoSs(5 .... . 5,620,CXXl.00 Total Unearned Premiums .. Bills Payable. . 3,150.96 30,00).00 Deposits at Call.. .................. . 2,500,00).00 ReS(rves for Contin8ent Liabilities .. Investment Fluctuation Fund .. , 2,919,185.54 Re$Ci'ves for Taxation and Other Similar e:-: pccrc:d 629,164.71 Liabilities... . .. Funds beld for Scttlemcm by Transaction known to be pending.. ... . _... 8,195.32 All Other Demands against rhe: Compan r. 9,770.31 Profit and Loss Acco unt . 2,906.935.78 ReS(tve Fund . . 10,250,00J.00 1~36,243 .652.62
460
THE COMMERCiA L & INDUSTRIAL MANUAL
SOUTH TAYABAS OIL CO ., I NC. Head Office: 425 Heacock Bldg., Manila - Registered: October 14, 1935---Te7'1n: 50 years-B1~ siness: To Mine, Dig for, or QttJerwise Obtain from the Earth, Petroleum, Rock or Carbon Oils, Natural Gas, Other Volatile Mineral Substances and Salt, and to Manufacture, Refine, Prepare for Market, etc.-National-i ty: American-Capital Stock: 2,800 shares, all of which are without nominal or par vaJue-Snbsc?'ibed Capital: Pesos 7.000.00-Capitfll P" ..id: Pesos 1,750.00-11lcorporators U11d Di"ectol's: Nicasio Osmefia, Rafael R. Alunan, W. W. Harris, H. S. Rogers, Rafael Roces, Jacob Rosenthal, J, B. Hoover, W. W. Harris, Jr., M. L. Coleman, and At,· senic N. Luz. (R. S. Rogers. Jacob Rosenthal, J. B. Hoover and W. W. H arris, are incorporators onl y) -T1·eu.snre1·: M. L. Coleman, Manila. SOUTHERN 73 GOLD HILLS, I NC. Head Office: l\)anila, Philippines-Registered: November 21, 1936-l'el'm: 50 yeal'S - Business: General Mining; Millin~, Concentrating, Reducing, Smelting and Refining plants or WOI'ks of Any and Every Kind for Mining, Assaying, Testing, Mill' ng, Reducing, Smelting anCi Refining Ores 01' Bullion etc.- Nationality: Filif\ino - Capib:tl Stock: 4.000 shares without par valu~Sllbsc"ibed Capit.'.Ji: 1,600 shares without pal' valur-Capit(lI Paid: Pesos 8,OOO.00-/ncorporators all~ Directo'·s.' Gregor io V. Felipe, Serapio Evardone, J ose P. Osorio, A . D. Tanner, P rudencio del Rosal':o, Gervacio Garcia and E. Welch. (Gervasio darcia and E. Welch, are directors only) and Ser apio Evel'done and Prud~ncio (lei Rosario, are il'rcorpo-ratol's only)-TreltSsurel': Gregorio V. Felipe, San Francisco del Monte, Rizal. SOUTHERN INVESTMENTS & MANAGE MENT CORPORATION He..1d Office: 101 Eohague, Manila, P. O. Box 3208 - N.'ltionality.' Filipino-Business.' Operation of Mines On Profit-Sharing Basis - Established; October 16, 1936--Authol'ized Capital: Pesos 5,000,OOO.OO- Paid Up ClIIpital.' Pesos 362,500.00 - Par Value Of Sha?'es: Pesos 0.10-Prillcip:t.[J;: Enrique J . C. Montilla, General Manager and Vice-President; Gil M. Montilla, President; Agustin B. Mon· tilla, Jr., Treasurer; Rafael Corpus, Director; Bo· nifacio J. C. Montill a, Director-Bank Refel'ence: Phil ippine National 'Bank, Manil a. SOUTH E RN MI NES CO., I NC. Head Office: 608 San Antonio, Ma nila - Re· gistered : October 24, 1936 - Term: 50 years -
Business: Mining, Milling Concentrating, Converting, Smelting, Treating, P reparing fOr Ma r ket, Man ufacturing, Buying, Sell ing, Exchanging, and Otherwise P roducing and Dealing in Gold, Manga_ nese, I ron, Steel, Silver. Copper Lead, Zinc, Brass, and all Kinds of Ores Metals and Minerals, etcNationality; Filipino- Cavital Stock: Pesos 200,000.00 divided into 20,000.00 s ha r es of the par value of Pesos 0.01 each-Subscribed Cwpit.al: Pesos 42,500.00-Capital Paid.' Pesos 10,625.00-l ncoTIJorators and Direct.orll; Emilio M. T ible, Porfirio Vmamora, Silverio Salvosa, Marcial Tena, M. E. Villafuerte, Luis Villamora, Isaac Villamora, Pau_ lino Castilla, P. F. Tabuena and M. del Villar, (Marcial Tena, Luis Villamora, Isaac Villamora, Paulino Castilla and P. E. T abuena, are incorporators only)-Treasllre,.; Emilio M. Tible, Naga, Camarines SUI'. COMMENTS OF THE BUREAU OF M I NES: Respectfully retul'n~d to the Comm issioner, Securities a nd Exch:lnge Commission, Manila. with the information t hat in the report dated December 22, J936, sign'!d by Mr. L. Abad on the pr oper ty of the Southern Mines, Inc. known as Parcel No. 1 group, of 33 claims situatE'd in the Barrio'i of engliliog und Boni, municipality of Tinambac, Province of Camarines Sur, it appears that the prospective iron ore resources of the property will not exceed t hree hundred thousand tons, not less tha n 3,000 tons of which have been exposed in a claim. Tt:e analysis of the samples taken are 5 percent, 29 percc:nt, 50 percent, 54 percent, and 57 percent.
In view thereof, t his office has no objection to the giving of a nominal valuation of PI OO per claim to an,y of the 33 claims covered by the repor t of the Mining Engineer a nd comprised in P arcel No.1, and which are not affected by t he Kaolin Reservation 01' any existing forest. r eserves mentioned in the certifictlte of the Director of Forestry. It has been certified by the Director of Fores· tl'V that of t he 98 clni ms of t he Southern Mines Co., In-c. situated in the municipality of T inambac, estab!i:;;hed on Deeember 20, 1917, and that twelve claims affect the Kaolin TIeservstion, reserved under P roclamation No. 583 of June 10, 1933 Attention is invi ted to t he fact t hat of the 33 claims comprised in Par cel I reported on by the examining engineer , four clai ms, namely: T a n to n ~, Azucena, D idnng,
PHILIPPINES
461
SOUTHWESTERN ENGINEERING COMPANY OF P . 1. , INC. 506路8 Calle Aviles. San Miguel Manila, Phili ppines. Tel .
Cable Address "Southeng" Manila
2-35-96 2-35-97
Our service to the Philippine mining industry includes laboracory ore testing; consulting metallurgical work at opetating mills requiring same; ore-milling plant design, either preliminary la YOUtS or completely detailed drawings and specifications, as required; the suppl y of standard ore-milling equipment; and the furnishing of completely erected ore-rn 'Uing plants on either fee basis, cost-plus basis or at a turnkey contract price. We have established at Manila our Head Office, Ore Testing Laboracory, Assay Office and Plant-Design Department, and our Philippine staff consists of metallurgical and mechanical engine\rs, laboracory technicians, and plant construction superintendents and foremen, each memb垄r thoroughly experienced for the performance of his duties. We do not participate in the ownersh ip of mining enterprises, nor do we und ertake their direction or management. Our services, however, are readily available to, and we seek to cooperate with, the firms which ha ve been organized for that purpose, as well as with independent mine owners and operators,
AFFlLlATED WITH AND AGENTS FOR
SOUTHWESTERN ENGINEERING COMPANY 4800 SANTA FE AVE., LOS ANGELES, CALIFORNIA
I
462
THE COMMERCIAL & INDUSTR IAL MANUAL
and Nito), ate included in the ten claims which have been cCL,tificd by the Directol' of Forestry to be
ins ide communal forest Parcel III of Tinamba(',
Eustacio i\laloles, Felipe de Santos, Jose Hemedes and Vicente Noble, are inco!'!)orators only)-TTea8/t)'61' : Octavio Mnlolcs, 932 P. Faura, Manila.
nlld that the said claims, hU\'ing been l'cgistercd
after the establishment of the sa id communal fore st, nre n ot valid.
With regard to the six claims, in-
(lieated as Nos. 85, 86, 87, 89, 90, and 91 mentioned in t he certificate of the Director of Forestry it could not be determined whether
01'
not the said
claims arc included in Parcel I covel'ed by the reo port of the examinil1?, engineer, as the IHIIll'ZS of the Said six cillims have not beer.' given.
Before H(!cepting the above claims as assets of the Southern Mines Co., I nc., and as basis of any promotion , 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 plan 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 herein cOl'poration s hall not hole! morc than 450 hectues (50 full lode claims) in anyone province, nor more than 250 claims in all th provinces in the Philippines, and also that at lea\t 60 % of the capital of the herein corporation is owned and s hall at all times bl! owned by citizens o( the Philippines ot' of the United States. It shoul}( be understood that the herein corporation shall no\ hold mOl'e than one claim on the same vein 01' lode as provicleo by Section 33 of the Act of Congl'ess of July 1. 1902, nol' more than three claims on the same vein 01' placer gr ound as provided by Section 37 of the new Mining Act in case it should be decided that the said claims shall be leased \mc\cl' the p"ovisions of the new !\'Iining Law (Commonwea!th Act No. 137 ) . SOUTHERN PAHACALE l\llN I NG CG. IN C. Hellc/ O/ficc: 400-A PNP Bldg., Munila- f.'egi8tel'ed: Septembel' 4, 1936-Bu8ine88: GelY.21'n1 Mining Busi ness Throughout the Philippines to Secure, Purchase, Leas:!, Erect and Operate Mines and Mining Claim, etc.-Nu,tioJllIlit·y : FilipinoCapital S tock: Pesos 450,000.00 divided into 4,500,000 shares of the par value of Pesos 0.10 eachSUb8C)'ib~d C(tpiteli: Pesos 273,OOO.00-C(l1)ital Paid: Pesos 139,675.00- i?lcorporatoT8 alld DirectoJ's: Maximo M. Kalaw, F. H. Diehl, Benigno S. Aquino, Eusebio Orcnsc, Ocll\ vio L. i\1aloles, Antonio DimayugH , Eustacio l\'1aloles, Filomeno O. Gana, Potenciallo Mulvar, Gil Esconde, Arturo de Santos, Felipe de Santos! Juan O. Chioco, Jose Hemedes and Vicente Noble, (F. H. Diehl, Benigno S. Aquino,
SOUTHWESTERN ENGINEE IH NG CO., OF P. 1., I NC. Head Office: Manila, P. 1. Busiliesll: Metal· lurgical Engineers, Contractors & Ore Milling Ma. ehineryl E stablished: February 5, 1937 - Altth()Tized Capittll: Pesos 200,000.00 - Po'l'!' Value of Shu'!'elf: Pesos 100.00 - Telegraph: "Southeng" _ Pri7!ci1mfs: S. E. Stein, M"gl·.; Dil'celoTs: S. E. Stein, James M. Ross, Roger W. Clarke, Paul A. Gulick, Horace S. Moore-Agencies: Southwestern Engineering Company, 4800 Santa Fe Ave., Los Angeles Ca lifornia-BIH!k Re/ereJlce: Hongkong and Shanghai Banking Corporation. Our sel'vice to the Philippine mining indus· hoy includes laboratory ore testing; consulting metallurgical work at operating mill s requiring same; ore-milling plallt design, either preliminary layouts or completely det.ailed drawings and specifications, as required; the supply of standard ore-milling equipment; and the furnishing of comp letely erected or e-milling plants on e ither fee bas is, cost-plus basis or at a turnkey contract price. Our Headqua rters including the ore Testing Laboratory, Assa y Office and Plant-Design Department are Located at Manila, and our staff consists of metallurgical and mechanical engineers, laboratory technicians and plant construction superintendents and foremen, each member thoroughly ex perienced for the performance of h is duties. ""T""
We do not Participate in the Ownershi l) of Mini'ng Enterprises, nor do we undertake their direction 01' management. Our Sen,ices, however, are readily available for, and we seek to co_operate with the firms which have been organ ized for that purpose, as well as with independent mine owne rs and opemtol·s. We are affiliated with and Agents for Southwestern Engineering Company, 4800 Santa Fc Ave., Los Angeles, Cnlifornia. Southwestern is now entering its twenty-first year of operations in the field of metallurgical engineering service to the mining industry. While its activities have centered largely in the United States, Mexico and Canada, it has also rendered service at one time or another to most of the other mining countries of the world. During th is period the com pany and individual members of its engineering staff have participated in pioneering work and made s ubstantial contributions to the art of
PHILIPPINES m:lling ores, such as, for example, (a) Contributing to the development of the Flotation Machine; (b) introduction of grinding in the fJ otation department (regrinding of flot.ation rougher or primary concentrates before final concentration ) 1921 ; (c) initiation of investigations and urging the use of hydrogen ion concentration measurement in ore m illing-Year 1925; and (d) beginning in the Y'2al' 1918, the mailing, without char ge, to thousands of engineers an'd executive in t he mining industry of booklets, pam phlets and other publications containing technical articles prepared by members of its staff, reporting on cUl'rent progress in metallurgical practice. Since the year 1916 Southwestern's ore test'ng laborator y has tested ore samples from more than 2600 mines and mining properties for the purpose of determining the best suited treatment process. Southwestern's metallurgical and manufacturing departments at :bos Angeles have contributed their services to such companies as Beattie Gold Mines, Ltd.• Quebec, Can ada; Phelps Dodge Corporation, Arizona; American Smelt"ng and Refining Company, U. S. A. and Mexico; Bethlehem Steel Corporation (Copper. Pyrite), Pennsylvania; Karabash Combinate (Copper, Zinc, P yrite). U. S. S. R. ; Nevada Consolidated; Roan Antelope, N. Rhodesia; St. Joseph Lead Company; and other prominent mining companies. Among scores of the ore mill ing plants engineered and constructed by Southwestern Engineering Company are such mills as the Black Hawk Consolidated Mining Company. New Mexico, a selective flot ation plant job; Cia Minera Aqua F da, Honduras, a combination cyanide-flotation plant; Santa Catalina I sland Company's selective-flotation plant, California; the flotation-cyanide plant. at Weepah Nevada Mining Company, Nevada; Christmas Copper Company's 400 ton flotation mill, Arizona; a 500 ton graphite Ol'e milJ. at Burnet, Texas; and many other mills treating precious and base metal ores, and non-metallic minerals.
sow WOO CHONG
& CO. Head Office: 304 Gandara, Manila- Registered: Octobel' 8, 1937- Nationalitll: Chinese-Business: '.fo manufactUl'e shirts, undershirts, etc.-Capita!: Pesos 10,OOO.00-Capital contributed by eack partner: Sow Woo Chong, Pesos 5,000.00; Yu Chiu , Pe!<.os 3,000.00; Ng Kiong, Pesos 2,000.00- illallaget·: Sow Woo Chong.
463
JOHN SPIRIG & COMPANY Head Office: P . O. Box 19,'), City of Zamboanga -Nlttlouality: Swiss-Busi11("·1s: Texti le Lllporters -Established: 1904-Pl'in.-ipal: John Spi rig- Telf.graph AddI"(ISS: Spirig-Bank Re/cl"ence: Chartered Bank of India, Austl"a li.a & China: Bank of the P hilippine Islands. THE SQUARE DEAL INC. M UTUAL LOAN At.'D SAvl Nes ASSOCIAT ION
H ead Office: Tanauan, Batangas-Rcgistel'cd: August 22, 1935 - T erm: 50 years-B'usitless : Savings and Loan Society-Nationality: Filipino[ncorpo·ratot·s alui Directors: J. V. Gagaspas, Aurelio Valencia, E speranza A. Gonzales, Josefa Poblete, CiriacQ Amurao, Lorenzo Cesario and Nemesio Esquivel.
SQUIRES, BINGHAM COMPANY Hrod O/fic.e: 15 Plaza Goiti, Manila-Nationality: American- Business: Dea lel"s in Sporting Goods, Motorcycles, Outboard Motor, Plate GlassEstablished: I 913-Authorized (uul Pa id_in Capital: Pesos 200,OOO.00-Par Value of Share: Pesos 100.00 -Annual TW'llovcr: Pesos 170,000.00*-Agc1lts /01' : Harley-Davidson Motor Company, Milwaukee, Wis_
JOHN SPIRIG
&
CO.
General Impon ers
WHOLESALE DEALERS IN
TEXTILES AND SUNDRY ARTICLES
14 Madrid S[ .• Zamboanga
P. D. Box No. 19:';
464
THE COMMERCIAL
&
consin; Outboard Motors Corporation, Milwaukee, Winsonsill-Principals.- A. D. Hileman, Estate of C. E. Haygood, Mrs, Annie Lauric Haygood; A. D. Hileman, J. B. Floyd, J. M. Stevens-Teleqraph: "Squib"-B,ctnk Re!el'â&#x201A;Źllce: Philippine Trust COI'poration.
ST. CLAIRE OIL REFINING COMPANY Head Office: Room 209 Regina Bldg., ManilaR egistel'ed: October 16, 1937-Natiollulity: Filipino - Business: To engage in manufllcture and l:'ale of oi l and by-products, etc.-C(1)i/at Stock: Pesos 1,500 shares without par value-Subscribed U11d Paid C(1)-ital: P esos 2,250.00-hzcorporaloJ's: Eduardo Lopez, Benjamin A. Arcenas, Sam Feldman, Harl'Y Goodman, C. H. Van Hoven, Nicolas Santingo, Abelal'do Garcia, Cesar Lopez, Gn~gori o Noriega, Flaviano Yenlw, Dominador Bernaldes a nd Beatriz Paraiso. ST. EXPEDITO MINING COMPANY, INC. Head Office.. 209 Regina Build ing, Escolta. Manila, P. I. - Bra1lch .. Baguio, Mt. ProvinceBusiness .. Mine Operatol;s - Established.. March 29th., 1937-Principals : Placido L. Mapa, Pl'esident, Benjamin A. Arcenas, Vice-President and GeneralManager, J. Amado Arane fl, Treasurer-Director, Nicolas Santiago, Secretary-Director; BaITY Goodman, Eduardo Lopez, Wade Cothran, DirectorsAutit07'1zed Capital: Pesos 500,000.00 - Subscribed Capital: 25 '10 paid-in-Pm' 1'(4f1t6 of Shares: P esos 0.01. INTRODUCTION
'l'he propel'ty of the St, Expedito !\fining Co , 1nc, is located in the Barrio of Banao, Southern Hogon, Benguet, about 18 kiJol':leters SSE of Bagnio as the crow flies, or about 35 kilometers by available J'oad and trail. The g l'oVP ('onsid<; of 19 and a fraction claims comprising 176-1/2 hectares in all. ACCESS I BILITY OF PROPERTY
At present the property is !:omewhat inaccessible due to its distance from the nearest road, which is at the intersection of the Padcal trail with the Macawiwili Road. However, in a few months we will have a choice of connecting on either of two nearby roads that going to Carino's place on the south side of Mt. Tapaya, 01' that going from Caml) 3 to Puiapandan, which lies over t he ridge west of Padeal Sawmill. In either case the connecting road will be about seven kilometers away from our property, which will necessitate about PIO,OOO,OO to construct.
INDUSTRIAL MANUAL TOPOGRAPHY,
VEGETATION, AND WATER POWER
Since the property is located in the Cordillera the topography is quite r ough, The ma:<imum difference in elevation along the main vein at present is in the vicinity of 800 feet, which is expressed along a slope about 2,800 feet long. Going across the ridge a gl'ade of 800/0 is not uncommon. There are now about three kilometers of fai,. to good trail on the property, With the location of several new tunnel sites, trails have been built down to them, The claims are well timbered and there is a sufficient supply of wood to perm it use for mining purposes for a number of yea r s to come. There is sufficient water and a steep enough gradient in the two larger streams on the property permit their use for hyd1'o-eJecta'ie power. Naturally, there is far in e:<cess of the amount neeessary for milling purposes. 'I'hen: are several good sites available for a mill location on the property. HOUSI NG AND LABOR CoNDITIONS
Since moving our native quarter o\'er fl'om the Tuban property conditions fOl' the luborers are fal' improved, We have eighteen houses in the barrio, as well as a store, bodega, and blacksmith shop there. Of the eighteen houses there nrc two large dormitories each capable of housing fifty men, In all we can accommodate 150 men in' the barrio at present. Thcre is a policeman who sees that sanitation is being cal'ried out, and a good supply of good spl'Jng watel'. There were 88 men on th~ pnyroll last month, but to ca l'l'y out the plans for fm'lher explorntion at least thirty more men will be needed, 'l'OOLS, EQU I PMENT, MAGAZINE, T I II1BEItS CUT
There arc sufficient tool !:! nnd equipment to work about 14 tunnels simululToeously, An drilling is by hand, and with favol'Uble conditions thrCÂŁ' or foul' feet pel' shift can be made, Until the tunnels are vel'r deep, ventilation can be had by driving ventilntion l'aises to the surfac ... , After that we will have to install blowers, OUI' blncksmith shop is well equipred with all the neccessnry tools for p reliminary mining. The magazine is large enough for about 60 cases of dynamite and has wnlls of 7" reinforced concrete on a ] 2" reinforced concrete foundation. It is under guard at all hours.
PHILIPPINES Our timb:l' men have cut several hundred pieces of 8" x 8" timber for mine posts and there are 200 on hand constantly. All timbers, braces, caps, and lagging arc under contl'RlJt work. OUI" Assay office is 18 x 28 and has three I'ooms; there is a large laboratory 18 x 18, and two rooms 10 x 9 each, for pulp room and furnace room, l'cspectively. The equipment for the assay office should be here before Sep~ember 1st. GEOLOCY
The country rock is chiefly a coarse grained light gmy biotite and pyribole rich gl'anite, which is intrusive into a coarse grained mice diorite. The diorite lies on the upper reaches of White's Ridge,
to the west of the property, and occasionally one can see an included block of it in the granite. Younger than' the gtanite are two intrusives, a granodiorit? rock and an aplite. The quartz veins are obviously the youngest of all intrusive rocks, for ther<! is nothing seen cuttil'tg the veins. FAULTS AND FRACTURES
One long fault has been traced in conjunction with the exploration of the mail\,0r "Talisay.Silay" vein. Throughout its whole length, which to date has be!,!n traced about 4,000 fee horizontally, the vein has at least one wall, and often both wal1.;, very firm and hard. Invariably a gouge, varying from a few inches up to a foot 011 more, is present along either of the walls of the vein. Horses of granite are not uncommon. The vein is a true fault fissure filling and nowhere shows signs of replacing the granite. The gouge along the wa!ls in interesting in that it appears to contain a gr·)uno up clark colored rock similar to an' andesite or diorite. If that is tbe CM'e, and if the ande~ite got:.ge came :from below, w<! can be almost positive that this fissure will rontinue too good depth. because nl)where on the property are there the remotest signs that the bottom of the granite is ncar the ~\lrface. CrOliS fauas arc present, but the trouble they will ('ause in mining seems to be very minor. One fault di!;places the Talisay-Silay vein 'lbout fiftv feet. This is the only displacement across the vein system to date, but, undoubtedly, th<'fe will be more, though of a nlinor nature. If that were 1I0t the ('ase, the surface trace of the vein would not be so pcrsistently regular.
465 VEINS
AND
MINERALIZATION
'I'here are seven veins on the property, but to date practically all work has been concentrated on the exploration of the me-in one, called the TalisaySilay vein. Just recently we have berun exploration on two more promising veins which have good size. The Talisay-Silay vein has been tl'aced over 4,000 feet horizontally, and except on its northern extension, where it is about three feet wide, it has a minimum width of seven feet (where it s plit~ into two veins) and a maximum of sixteen fce~. Its maximum vertical range is about 800 feet. The vein strikes about N30-35E and dips in a range of about 15 degl'ees of from vertical, hoth ll'Orth· wcst and southeast. In chal"Ucteristic appearance, the vein is of quartz, c8ITying sulfides of copper and iron, <Lnd gold and silver in smaller quantities. Commonly there is some si licified or bleached gnmite the '·e· suit of &ising hot siliceous so:utions a('ting on theoriginal granite. Also, unaltet'ed gra~ite horses, as well as streaks of clay gouge are present. r nth, oxidized zones the sulfides are p)'I'ite, bornite, chalcocite, and possibly tetrahedrite. There is also native copper in small amount s as well as ('hr,ysacolla and copper carbonates. In the unoxidized zones the most common mineral is chalcopyrite, though pyritei::; abundant also. The richest streaks are thos(" rich in s ulfides. In all the veins there are treaks of very high grade running through the leaner portions of the veins. Samples taken at 41 places, almost always clear across the veins give assays of a trace (in only one case, the I'est always better) up to as much as 1.5 oz. of gold and up to 36.62 ounces of silver. l1he highest assay of any sample comes from the black and gra.y gouge in the wall of one of the tunnels-PI3S.00 for gold and silver values, at the new price. One new vein has just b\!ell picked up whieh looks vel"~' prom ising. It has a width of 13 feet from wall to wall, but since it is under terrace gravels and farther on under heavy undergrowth, it is not traced readily, The vein is expected to be picked np by a cross·cut within a week. TU/\,NELS AND OPEN CUTS
Twellty-one tunnels have been worked to date, with an agg"egate of about 100 feet in alL Some of the tunnels have caved in, but only thClse which are being used for furthar exploration or develop-
THE COMMERCIAL
466
&
ment. nre being kept open. There are ten tunnels being actively worked at present, and at least two more will be worked as soon as we ha\'c more men. The longest tunnel on the property to date is the St. Expedito Tunnels (No.6) which has been driven 183 feet. It was originally intended for a prospect tunnel but is Lcing enlarged for development work. The tunnel is 50' longer than' anticipated because we nrc on the side of the cl'oss-fauJt which displaced the vein fifty feet farther away from the portal. Several long Cl'OSS- cuts are be i n~ worked on which will give backs up to 250 feet. Three main levels nr c being develoPQd. The lowest is J3.hout 750 feet bC!low the highest tunnel three new ones. Later on it is hoped that there will be a level at least every 150 feet. There are over 25 open cuts on t he TalisaySilay and other veins. Sever al more will be necessary to trace the other vein of the group . ASS'l;YS
The following is a tabulation of all the assays of samples obtninNI l<in('e illY an'ival on the property Janual'Y 15, 1937. At that time there was little showing and all the t'\sults obtained since that time show that it is extremely promising. 1',<1 ,,, I '"I,,~ "I $.16 0, . ,,: 5S". A g. 'pM' 0: A ... p ~ r (J' .
0 •.
,\ U"lI
"
Lnc"I;~"
N o.
L An " NQ. I " cin (1 '')\,·c r) .. 7 .35 2. DR ds X-ent. Icft ~id c ... . 2 06 3. D Mb X-eut . riJ: ht 8id e. ·L O.C . NQ. I.\)' 0" in cl, hlJr~c. 12 .02 Vein, inte rsccti"J: O .C . No . I 5.
o.
,·con .
Ope n
C ~t
."bo~'",
..
wi,iui'&
-5GI
02
. 70 7 . 70 06 210 12 60
"
:l ,02 !llf;
"
. 0<
.2S
1.40
,.,. g~~~rIJ6~~~lk'" ~~~'~ ~:'''~~~~~1~ .3<" ,, ... o. " , ". ~R~~,c \:~i 'b .t.'·r~'o: .; ,." " " " ," 0 11. "
,... ••. .
.
A
(41l" ).
'1. 20
"
..
".
7 . 00
.
IS . RiJ:ht (N W) " cin , O.C. No. I I I i"c h"~ in fronl f,, ~c., . . Middl e \'dn. 22 l,,,,h ~ widc. 5' bn ~k of N o. 1-1 .. . ... Ii . Opcn Cu t N o. I " ci" ( ~[idd lo) com on!: 10gN l,cr wilh NW \'~io (Su rl"ee). Tren ch Rb ove O.C. I\ ". I. b,,1 pmb Rbl )' on " n o (h ~ r vcin p itc hinR HM , " ",\ ~ro~~i nlt: Ih e "'Bin 5)'5Ic "' . . .. HI . Right h" nd vci". hilli o p S W of O.C . N o. I , .. 20. Iti~ht hund vcin. O"C' hill S W 01 O .C . No. I 21. Ri ~ ILI hllnd .. cin. hillt op S W of O.C. N o. I , ... " 22. Slim e M 17. but 6' 10ll'ct " od II I "' n~ cro!$-lnuLt ..... 26. " _po. o·, TLLnneL. 28" hiRhgrndc {bcinl: ' e"08,,)·cd ) ... 27. Aspo. o'. Tunncl SO" on .. aht ~ idc... ... . ...... .. 28. Grnb M 'nplo frorn cn'· .... in Irolll r oo(. A'1>0. 0·8 T .
".
1 . ,10
.
. 02
.-14
n.N
.' ...
1.40 l AO
. 0<
02
" 'l in ... I'm, " 'I' "",,;, i ·(X~c·';I)·.:
H.
0' 0'
38. 30 29 . II
19S2 1,1.8·1
,.,
2 .8 2
2
I. 21
,
IIlG
..
. 05
· 70
7.00
. 50 Ii SO
,
3S
~S . 30
"
6 ,30
. 02
· iO
LO 3 . 50
", " " , OS , "" . 06" .02 . 02
i ,00
. 02
. 70
36 .62
2 ,0{I
, , " , " ." "
3 .22
3 ,50
2 W •i O
LOO
"
e,.
INDUSTRIAL MANUAL
".30. 31. 32. 33. 34.
35. 36.
". 3S.
30.
w.
-II.
·12.
".
H.
Cr"b Mi.mpl~. bm e\(. Inco O .C. No. 1 (ea .. ed.) ..... 1.04 Rid,! ct05.ll-" nt, O,C . ·J·unoel . . ............... .82 Fllec. I •. X_CLLI, O.C. N o. I Tunncl ........ . Slime U N o. H. 4U;-: ..... " ,36 331 Pona' Tunnel. X-CLLI (N o. C Q'"l,e, ","Ll O.C. N o. I 'l'un. nel. ............ , ...... . . 26 . 32 20 .00 nrutlil ' O.C. (2nd S. Pon.' , .. 2 . 12 1.6\ O.C. Cr. Ko.1 Ih. Sida 33".. . 32 O.C. Cr. NO.-I I.. S ide 76" .. O.C. below A ~ poro'. Tutln~l 06" . . . ... . . . . . . , ..... , .. .00 ~a",c. DC/lr F.W. 78" ..... . . 1.16 .80 ~l.Irfllcc O.C. sile 01 Aiporo'. 1'unncL . . , .. . .. ..... , ... 6 .00 ·1.32 'l'r. S'''tlC 118 No 26. SLL81)Cctcd or.o •. . ..... . . . . . . ... . , .. Check on aR"'p\c No. 34 .. 20.7-1 13 .110
·No'. ,
I).
..."
."
."
2o~;~~' O~C~.C ~:M: ~~:t~~·::
." "..
, .., ."" T •. , ." .02 ." 3.' ." .0< ." .0< .0<
. 02
...
U
U
0 .'
1. ·\0 41)_00 -1 . 00 1.40 .02
.02
...
1.~0
."
0.' 0.'
.06 2. LO
.06 2.10 \.·10
I.LG 40 . 00 1.50 52.50
F URT II ER WORK
WOl'k in the f utu l'e will be cal'l"ied on chiefl,y
to prove t he Talisny-Silny vein nt depth and to explore and develop all other s izeable veins on the property by tl'enching and tunnel wOl'k. Snmples in all workings on the T. S. will be taken evcry five feet, and likewise on any other veins proved along the su rfnce, and their assays will be plotted on a profile map to indicate blocks of (Ir e and lean areas. I t should be borne in mind t hat none of these samples have been tuken at appreciable depth beneath the surface, but where taken nnderground, they show considerable impr ovement over the samples taken in the open cnts. Should this improve. ment continue to be present at depth, the prospect!! of this pl'opcrty are certainly fn l' above the average. The structure is e);cell cnt and the values promising. Put·thel' work will be cal"l'i ed on to find out whether my hopes a nd predictions are true.-(Sgd ). I RV I NG '1'. SCHWADE, Geol{)gilll. St. Expedi te Mini nv Co., Tne. STA. CA TA LINA GOLD M l ~ES, Tl'iC. H ead Office: 102 Viilnlobos, Manihl-Rrg,jJll6rcd: SeptembC'l' 7, 1937-BIIR1l1sss: To caquirl: mines and to ex plor e a nd develop the> same, o.:'..C.-Na,tionolity: Fi li pino-Capitol Stock: P'200,OO£).00 divided into 20,000,000 shares of the pal' value of PO.Ol each--Subscrjl,ed Capital: P40,OO('.OO-Paid~iJl Capital: PI O,915.00-11ICOr'lJoratorp; Charles Douglas Baizas, Hermenegildo L. Co, T(.-ofiJo de Jesus. Crispin D. Bnizas and Angel A. Balquiedra. STA. CRUZ- MAMBULAO MI N ING CO., INC. Head Office: Manila, Philippines-Regisi.ered: September 25, 1936 - Tsrm.s: 50 years-BlUtiI168S: To promote, Organize, Operate and / or Ala.n~ge Mining Enterprises. To Purchase and SelJ Mmmg
PHILI PP INES Stocks, Securities and/or Properties. To Purchase and/ or Lease, and Explore and Develop Mining Claims and Properties-Ntbtiollality: Filipino - CClpital Stock: Pesos 1,000,000.00 J:vided into 100,000,000 shares of the par value of Pesos 0.01 eaen -SubScribed Capital: Pesos 250,000,000.00-Cal,ital Paid: Pesos 62,500,00- Incorp01',atoTs and Directors: Ramon F. Campos, Ramon de Santos, Walter Robb, L~onor de :1\1011, Richard C. WilsolY, Cesar Jalandoni and Emilio V. Ledesma. (Cesar Jalandoni and Emilio V. Ledesma, are incorporators only)-T1'easU1'e~': Tomas Confesol', Mandaluyong, Rizal. STA. ROSA MINING COMPANY Officials of the company stated on September 29, 1937 that their 250-ton mill ·would be in operation by December 31. Authorized capital of the company is P1,500,000,OO with }>1,225,000.00 suLscl'ib. ed and issued, Pal' value of the shares is PO.OL STANDARD BRANDS OF THE PHILIPPINES, l NC, Head Office: New Yo't;k City-Manila Office: Plaza Lawton, P. O. Box 58~-N(Ltio7lnlity: American-811siuess: Manufacturers and Distributors of Food Products; Fleischmann's Weast; Chase & Sanborn Coffee; Royal Baking Powder; Royal Deserts, etc.-Established: 1933 in Manil\'-Pl"illcipal: L. E. Mladinich , Manila - Telegrap h., : "Fleisado" Code: Universal Trade-Bank Referellce: Hongkong & Shanghai Banking Corporation. STANDARD INVESTMENT OF THE PHI LI PPI NES Head OJlice,' Room 312 Crystal Arcade, Escolta, Manila-Registered: November 13, 1936 - Business: Investment, Bond Discount and Mortgage Company, Promoting and Developing the Natural Resources of the Philippines-N(ltio)!u!ity: Filipino -Capital Swck: Pesos 100,000.00 divided into 1,000,000 shar es of the par value of Pesos 0.10 eachSltbscribed Capital: Pesos 20,000100-€a.pital puid; Pesos 5,000 , OO--lncol'pon~tors and Directors; G. P. Nava, Gregorio A. Labrador, Pedro Angulo, J ose P. Bengzon and Emeterio de los Santos-T"eaSltTeT: Pedro Angulo, 373 Lealtad, Manila. STANDARD MANUFACTURI NG CO., INC. H €l:ld Office: Manila-Nationality: Chinese8usiltetr8: Candy and Confectionery Manufacturers -i\fa1!uga: Francisco Lee - Authol;zed Capital: Pesos 99,000.00; Pllid~j)£ Capital: Pesos 45,000.00-Par Vnllle of Shares,' Pesos 10.00.
467
STANDARD TRADING COMPANY, INC. Head Office,' 543 Ave. R;zal, Manila-Reyist'!red: January 23, 1937-Term; 50 years-B1Isiness.' Merchandising - Natio1!Ulity,' Filjpino - Capital Stock: Peso.;; 40,000,00 divided into 400 shares cf the par value of Pesos 100.00 each - Sld,scribed Capital: Pesos 40,000.00-Capitu/ Paid; Pesoo 10,OOO.OO-incorporators: Wenceslao Ruiz, Fl'ancisc(!o Reformado, Dy Pac, Chua Tian and Dy Tec Sing. ST ANDARD-VACUUM OIL COMPANY Head Office,' New York-Home Office: Hongkong, China- Philipl,i ne Branches " Manila, Cebu, lioilo, Davao-Nl.ttionality,· American - Business.' lmportel's; Distributors of Petroleum P roductsTeleg1'aph: "Standvuo" - Co(les: All Sta ndard Codes-Bank Re/e1'ence: National City Bank of New York; Chartered Bank of India, Austl'alia and China. STAR H OTEL INC. Head Office: 300 & 307 P. Gomez & Echague, Manila-Registel'fld,' October 12, 1936-Tenl!s.' 20 years-Bllsmess,' Administz'ation of Hotel. Restaurant and Bar Business - Cupital Swck: Pesos 6,000,00 divided into 6,000 shares of the par value of Pesos 1.00 each-Subsc ribed Cupital: Pesos 4,053.00-CupiWl Paid: Pesos 4,013.00-Incol'pm·atol'S and Directol's: Jose Gomez Marino, Alfonso Doronilla, Mariano A, Aguilar. Nazareno B. Villanueva and Lucilo Fernandez y La vadia- T"easl/?'el'; Alfonso DoromUa, Manila, P. I. S'EATE CONSTRUCTION & SUPPLY CO. Head Office: 20 Norte, St..,\. Cruz, ManilaReg-istel'ed: August 12, 1937-Nationality:-FilipinO-B1(sincss: To engage in COllstruct~on and all ]'c.pair 'Yor ks, etc,-Cul)it,nl Stock.' 1'200,000 00 divided into 2,000 shu res of the pur value of P100.00 cach-S'ub,~cl'ibed Capital,' Pesos 40,400,OO-Capital Paid: Pesos 20,400.00-iJICOI'/IOl'UtOI"S: Felix de Jesus, Tomas Sayo, Chua Ho, Tan S1u Tunn and Tan C. Tee. STATES STEAMSH IP COMPANY Head Office,' Portland, Oregon-Bran~hes,' Manila, Cebu, Hongkong, Shanghai, Kobe, Yokohama, Tientsin-N~,tio1!ality " Amel'ican-B1Isiness : Stel!mship Owners, Agents and Brokers-Agents for: American Pioneer Line; Oceanic & Oriental Navigation Company - Bank Re,ference : National City Bank of New York; Hongkong & Shanghai Banking Corporation.
THE COMMERCIAL
468
&
STEEL PRODUCTS & QUIROGA FURNI TURE
COMPANY Head Office: Manila, P, I. -- Re.fJiste·red: August 20, 1936-Term.: 50 years - Business: The Manufacture and Sale of Iron and Chromium Works Products, Such as I ron Beds, aU kinds of Household Furniture and any Such Other Articles made of Iron and Chromium as may be of Commercial Value, etc. - Nat'ionaUty: Filipino-C{tpitul Stock: Pesos 200,000.00 divided into 2,000 shat'es of the par value of Pesos 100.00 each - Sltbscribed and Paid Capit.'JI: Pesos 75,OOO.OO-hlc07'pOr(ttors and Directors: Gil Montilla Jr., Jorge L. Araneta, Mauricio Cruz, Magdaleno C. Pena and Gil M. Montilla-T·reasltr(ll': Gil Mantilla Jr., lloilo, Iloilo.
STERLING PRODUCTS EXPORT, INC. Head Ofjiu: 170 Va rick Street, New York, Organized under the laws of the State of DelawareLicensed: Septembe\ 25, 1935-Busines8: Proprietary Medicines-Nat1Ctnality: American - Capital Stock: 50,000 shares-Subscribed and Paid Capital $100,000.00 at horne office-Agent in the Philippine Islands: E. I. McClintock, N. Y., U.S.A.-Bank Refe"ence: National City Bank of New York. STERLI NG & COMPANY , NC. Head Office: Manila, Philippine - RegisteTed : December 8, 1936 - Term: 60 years - Bllsilless: Bl'okerage---NtJ~ionality: Filipino Capital Stoele: Pesos 175,000.00 divided into 1,750 shares of the pal' value of Pesos 100.00 each Suser:ibed and Pp,id-in Capital: Pesos 35,000.00 - Iru:crpCtrato,'s: Carmen A. de Luz, Arsenio N. Luz, George M. SternbCl'g, Faustino Reyes and Antonio V. Abino--
ia. F. H. STEVENS & CO., INC.
Head Officc: 227 David, 2nd. 1.o1100r,,p. O. Box 14<17, Manila-Bmnches: Iloilo; Baguio-Nationality: American-Busincss: Glassware, Floor Materials, Textiles; Hardware, Radios and Radiv SuppJies; Toilet Articles; Office Equipmcmt; Canned Goods; Novelties-Established: 1932 in Manila; 1937 in Jloilo and Baguio-P"i)lcipals: F. H. Ste· vens, Manager, L. A. Cooper, F. H. Stevens. W. A. Chittick. L. A. Cooper, Lee Slcvens, B. LamagnaAuthorized C(1)ital: Pesos 100,000.00-Paid-1·1L Ca,pital: Pesos 30,000.00-Pa?· Vallte of Sha?'es: Pesos 100.00-..1 nmwl TltrnOv8r: Pesos 190,OOO.00-Ageneies: Smith, Ki r kpatrick & Company; J. B. Williams Company; Armstrong Cork Company; Burgess Battery Company; etc.-Telegra,ph Address: StevecoBalik Reference: National Bank of New York.
INDUSTR IAL MANUAL STRACHAN & MACMURRAY, LTD. Head Office: Iloilo, p. I.-Nationalit1J: American-Business: Automobiles & Fisk Tires, Engi_ neel'S, Boilermakers and I ron Founder s-Esta.blished: 1887 - Telegl·al1h.: "Mnchinery" - Codes: Bentleys-Trude-Ma1'k: Machinery-Branoh Office: Bncoloci, Occ. Negros-Manager: Mncondray & Co. , Inc.-Bank Reference: Hongkong & Shanghai Bankin~ Corporation. SIMEON O. SUAN Head Office: 324-326 Echague, Manila-l..ta.tionality: Chinese-Business: Wholesale and Retail Hardware, Paints, Oils Rlectrical and Plumbing Supplies-Established: 1906-Mat'ager' Ong R oaAuthol'ized Cn.1)ital: Peso~ 100,OOO.01'-RepJ'e8t'ntlng E.tci1Isivelll: Sillers Paint and Varnish Co., Los Angeles; Cheng Run Paint Malmin('turing Co., Ltd., Shanghai-Telegraph :-Sosuail-Ba,nk Reference: Philippine Trust Company; China Banking Corporation. THE SUGAR CANE PLANTER PUBLISHI NG CO. Flead Office: Arias Bldg., Manila-Registered: J une 19, 1936--Te'l'm: 40 years Business: To Publ~Sh a Magazine Named "The Sugar Cane Planter" i to Carryon a General Publishing and Printing Business and in Connection Therewith; to Buy or Otherwise Dispose of Newspapers, Periodicals, Magazines, Books, or Other Publications, etc. - Nationality : Filipino-Capital Stt1ck: Pesos 3,000.00 divided into 300 shares of the par value of Pesos 10.00 each - SlIbscribed CaIn'tal: Pesos 1,000.00Ca1>ital paid: Pesos 650.00-IlIcCtrporawrs Qlld DirectCtrs: Salvador Benedicto, M. Villanueva, J uan Orendain, Ricardo Gonzales-Liquetn and Albert Friedlander-Treasurer: M. B. Villanueva, 315 Cataluna, Manila. SUGAR NEWS COMPANY, I NC. Head Office: 671 Dasmarinas, P. O. Box 514, Manila, P. l.-Natiolwlit1l: CosmopoJitan-Btllrine...,s: Publishers and Printers - Esta.blishcd: June 17th, 1919-Prillcipals: Leonard C. Moore, President and General Manager - Directors: Leonard C. Moore, I rineo Caneon, Florencio ViIlnl'ba, Albert Ofner, P edro Vill arba-Alft,horized Ca.p itm: Pesos 25,000.· OO-Paid-'in Capikzl: Pesos 14.000.00-Par ValtlD of Shurs/!: Pesos 100.00 each - Telflgro.ph. Address: Sucrose- .Ballk Referencs: Peoples Bank and Trust Company.
PHILIPPINES
469
SUGAR MINING TRAVEL All under onc caver, you may hay\,:: the news of th e Phil ippine Sugar Industry, the Mining Industry and an interesting supplement containing trave l articles and travel informat ion.
In its 18th year of publication SUGAR NEWS enjoys a position of respect in the
journali~tic
world of the Philippines.
O Uf readers; mill -men, planters and mine operators, have great buying power, and do buy heavi ly of a wide range of arrioles, from complete mills to coff"e.= percolators.
Advertisers will find money spent with SUGAR NEWS and irs supplements a rea l invest ment.
6 MONTHS
ONE INSERTION
CONTRACT
Per P AGE.
...... . . .
H ALF P AGE. QUARTER PAGE
.. -- .
1'60.00 35.00 20.00
iUllt
12
MONTHS
CONTRA'CT Per iJSNt
l'57.00 33.25 19.00
-
l'54.00 31.50 18.00
Quotation! 011 !ptcial pOIitiol1., UPOIl reqtlut
CLASSIFIED AD VERTISEMENTS, 50 centavos a line EMPLOYMENT WANTED ADS., free as space permi ts
SUGAR NEWS COMPANY P. O. BOX 514,
MANILA , P. l.
THE COMMERCIAL & IN DUSTRIAL MANUAL
470
S UGAR NEWS PRESS, INC. HCIJ.(l Office: 671 Dasmariiias, P. O. Box 514, Man ila, P. 1.-Nationalit;y: CoslI1opolitar.-But>inc88: Manila, P. I.-Nationality: American - BU8il!e~:l: Printer s, Publishers, Engl'avcl's-Princi1mls: Leona rd C. MOO1'C , President, Pascual A. Poblete. Acting Mnnager-Directo1's : Leonard C. M001'C, P. A. Poblcte, F'lorencio Vi llurba, hilleo Cancon, Pedro Villarba-A nUw"ized Cctpitai: Pesos 200,000.00 _ Paicl-i,~ CUI>ital: Pesos 86,000.00 (common); Pesos 12,400.00 (prcfened) - PM Vahle of Shares: Pesos lOD.OO-TeleY/'aph AclclJ'ess : Sucrose-Blm" ReJel'cIICe: Peoples Bank and Tl'ust Company. SULlJ NEWSPAPER
Henel Office : Lack & Davis Bu ildi ng, Echagtlc, Manila-BJ'unch: 3\5 CnballcTos, Manilu·-Natio1lality: FiJipino--B1lS1tle8s; Publishers-E8tabli8hed: March 4th , 1935-.4.1tth,o/·ized 0.11(1 Paid-iJI Capi!nl: P esos 5,OtlO. 0 0 -Pltb lillh~ & Editor: J. L Baluyot.
SUN L lFE ASSURANCE COM PANY OF CANADA Head Office: Montl'eai, Canada-Mattila Office: S. J. Wilson Building-Branohes: Throughout thc ' ,",orld-Ncttionality: Canudia n-Bl'ftine8s: I .ifo Assurance-Eslabli8hed: 1865 in Montrcal-A. F. P eters, Manager for the Phili!lpines. SUNSET BEACH, INCORPORATED Head Office: Sunsct Bcach, Cavitc - Reyi8tCl'cd Novembcr 4, 1936-Tel'ln: 60 years-Bu8inu8: To Acquire, Own, Equip and Operatc a Modern Health Recr cation, Amusement a nd Tourist Resort, etc.-NatioJlality: American-Capital Stock: Pesos 49,000.00 divided into 490 shares of thc pal" value of Pesos 100.00 each - Subscribed Capit.al: Pesos 10,000.00-Capital fuid: Pesos 2,600.00 - /nccrpo_ mtor.~ and DiJ·ectcrs: O. E. H a"t:t, RodolLo T irana, J. L. Bent, Francisco T. Sayoc a nd G(>or ge L . l...ogan - T1'eaIlIIYer: George L. Logan, Novelctu, Cavite, P. I.
SUN INSURANCE OFFICE, LIMITED, OF LONDON Balance Sheet on the 31st Decem ber, 1936 LIABILITIES Net amount of unpaid Fire Losses . . Net amount 01 unp~ i d Accident Losses .. .. Gross Premiums ( cash and bills) received and recei"able on all Marine Risks in force .. Total unearned Fire Premiums as computed in Sehedule ( 50 per cent of premiums in force) .. Total unearned Acddent Premiums as co mpared in Schedule ( SO ~r cent of IJremiums in force). Net Premium Re5CtI'e and a I other Liabilities, except Capiul, under the Life lnsunnce Of ~ny other spcci21 department . . . ' . . . , . . . . . . Cash Dividends to Stock-holders and Debenture·holders rernaining unpaid . . . . ... . . ... . Due and 2ccrued for salaries, rent, advert ising and for agenc}' and other miscelianeQus expenses . .. Due to odlcr Companies 011 Rdnsurance Account .... .. ...... . ... ' ... ' .... . ... . Miscellaneous Items ( Dills p",yable). .. Staff Funds and sundry Cred it balances .
I~
2,879,187.80 7,662,]56.50 5,282,6]].]7 11 ,069,902.87 8,736,205.2] 711,]03.71 605.22 ],144,567.62 5,474, 353.72 25,067. 16 ],4}O,94].j4 48,418,126.74 6,000,000.00 61,792,142.91
Aggregate amount of 211 Li2b iJ ities, including Paid.up Capiu l Stock and Net Surplus .... 1'1I6,21O,269.65
ASSETS Book "alue of Real Estate owned by the Com· pany ... . Loans On Bonds and M ortg~ge ( d uly recorded and being first liens on the fet simple),upon whiC"h nOt more than one rev-'s interest is due .. Market value of nond~ 2nd StOCks owned by the Company ... Cash in the Company's Offices .. .. Cash belonging to the Company deposited in B~nks .. Interest due and :accrued on Stocks not included in " M arht Value" .. Agent's 8alanC"e$ and Outstand ing Premiums. Bills receivab le, not muured . .. Due from other Companies on Rein5uraoC"c Account ... Sundry DebtOr5 ..
3,926,380.]) 78,859,417.82 42,054.92 7,707,1408 465,748.21 8,394, 157.99 1,039.46 2,168,799.42 647,662 . 5~
Aggregate amount of 211 Ihe .... nct.5 of the Com· pany stated at or under their :actu",1 value 1'116,210,269 .6)
PHILIPPINES SURlGAO BULAV,' AN MINING CO. H ead Office: Manila, Philippines-Registered: January 8, 1937 - Tel"m: 50 years - B'l (siness: Mining - Nat:iollnMy: Filipino - Ca,pital Stock : Pesos 2,000,000.00 divided into 200,000,000 shares of the par value of P esos 0.01 each - Sztbscribed Cap ital: Pesos 400,000.00 - Capitol H'lici: Pesos 102,375.00 - Inco7'porato1's: Francis Burton H an路j-
471
son, P ed ro Guevara, Andres R. Camasul'a, Hdefonso S. Reyes, Escolastico S. Dutel'te, Manuel X. Burgos, J ose Santiago, Jose S. Hilario and Cristeta H. Valensoy.
SURlGAO CONSOLIDATED MINING CO. Hfi'Jd Office: Ma sonic Temple, Iloilo. P. O. Box 46-Natiollnlity: Filipino - I ncorporated under the laws of the Philippine Islands-A ut/wrized Capi-
SURIGAO CONSOLIDATED MINING CO., INC Balance Sheet as at 31st December, 1936 ASSETS Fixed .... ssets : Cb.ims and Mining Propcuit5.. .. .. .. . . 1"500,000.00 Rcserve for CoSt Depreciation Nee Valu e Buildings, M achinery and Equip路
mene : Buildings.. . 1)3,377.77 Mining MOlchincrY and Tools. 1'),541.48 Tr:1I1SpOru.don Equipment ... 4,906.95 Furniture and Fhtings. .
2,698.63
Miscc!J:l.ncous Equipment. .
628.10 14,913.28
356.21
4S'iO.7l
112.86
2,475.77
share s 1'1 ,200.000.00
Subscribed ..... ' '.. ....... Less-Calls in Arrears..
P 299,000.00 5,125.00
Shares Held in "Escrow"
I' 29l,875.00 500,000.00
793,875.00
236.52 1,291.74
25,469.61
ROads and Trails.
16~).42
Land
693.00 To tal Fixed Assels..
Capital Stoc!':: Authori zed- 12,OCO,000 at '1'0.10.
1' 11 ,11 0.75
1>8$.44 i'),293.})
136.52
26,761.)5
LIABILITI ES Current Liabilities : ACCOUrll$ Payable..
858.42
. ...... ... . . . . .... 526,)28.0)
Current Assets: C;o.sh on Han d and in Ban!.:-Currcnt AcCOllnt. ... . . . .. . .. . 1'51,496.53
C.ash in Bank-Fixed Dtposit.
125,000.00 1'176,496.53
Accounts Recc:i\';l.ble . . Matcri;lIs and Supplies . .
4,000.42 708.67
Total Current Assets .. .
181 ,205-62
Deferred Charges: Organization Expenscs . ......... . f> 9,066.00 Exploratioll and Devcloplllenr ElI"6O,009.l9
Afmi~:~;~;i~~ ~~d' O~~h~~.i 路 E~~ penscs . .
28,376.71
97,452.10 1~804 ,985. 75
]'804,985路75
472
THE COMMERCIAL & INDUSTRIAL MANUAL
tal: Pesos 1,200,000.00 - Directors; Otto F. Weber, President & Treasurer, W. F. Gempcrie, Vice-President, A. Illenberger, Secretary, E. J. C, Montilla, Fulgencio Apcllaniz, Directol's- JlNne Manager: R. G. Brown-A'udito)'s a1!d ACC01t1Itu.nts: White, Page & Company - Bank ReJenmce: Chntered Bank of India, Australia & China, Iloilo. SURIGAO DE ORO, INCORPORATED iJe(ld Office: Insulal' Life Bldg., Manila Registered: October 15, 1936 - Term: 50 yeal'sB , IS-6'1I88; Mining, Millil~'g, Con(",mtl'8ting, Converting, Smelting, Treating, Preparing for Mar_ ket, Manufacturing, Buying, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, 8ih'er, Copper, Lead, Zinc, Brass, lron, Steel, Limestone and all Kinds of Ores, Metals and Minel'al s, etc. --->- Nationality: Filipino - Capital Stock: Pesos 1,000,000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 each - S1tbBC)'rbed O:upital: Pesos 300,000,00 - Capital Paul: Pes03 75,000.00 - Inco'7lpol'l~tors and Directors: Salvador Zaragoza, J. Antonio Araneta, Jose Ozamis, Ni . anor Reyes, Manuel Alcuaz, Ramon Zaragoza and F, Calero. (Ramon Z'al'agoza and F. Calero, (u路c directol's on'ly)-T)'easune)': J. Antonio Araneta, Manila, Philippines. SUR IGAO DIWATA GOLD MI N I NG COMPANY, INC. H ead Office: 101 Ysmael Bldg., Manilol-Registfm:d: August 11, 1937-Busillesli: To explore and develop fifty full lode mineml claims in t.he si tio Dasagan, barrio of Tambis, Slirigao-C(4Jital Stock: " 200,000.00 divided into 20,000,000 shares of the pal' value of 1)0.10 eaci1,-Sltbscl-ihecl Capital: "I\O,OOO.OO-Cwpital Paid: PlO,OOO.OO-- l ncorporatOI'S: j\turi!l T. de Aragon, Helen NOl'mandy, Natividad de Francia, Hilaria Lusongha)l. Ruperta KapuIlan, Jor~e Jnzmines, Jose Mn. Salinas, Amado Coronel, Diosdado Pinon, Rosa P. Vda. de Monroy, Luisa A. de Castillo, Manuel Alcunz and Amado Tang('aoco. SURIGAO IRON MINES, lNC, Head Office: 466 San Vicente, Manila-Nationality : Filipino-BII.~iness: r.fining CompanyEsll:.l:bllished: 1937-A'llth01路i.zecl CU1)ttal: Pesos 500,OOO.OO- Pllid up CU1JitaL: Poses ]25,000.00-Par Vahle of Shares: Pesos 0.01 - Principals: J ose J . Roy, President; Ong Ring Lian, Vice-President, H. J. C. Corvera, Secretary-Treasurer - Balik Referellce: Philippine National Bank.
SURIGAO ORIENTAL MINES, I NC. Head Office: 217 Regina Bldg., Manila-Registered: October 12, 1936 - Term.: 25 years-BlI$i1less: Mining, Milling, Conccmtration, Converting. Smelting, Treating, Prepa]'ing fol' Mal'ket Manu_ facturing, Buying, Selli ng, Exchanging' and Otherwise Producing and Dealing in Gold, Silver, Copper. Lead, Z:nc, Bra-ss, Iron, Steel, and all Kinds of Ores, Metals and minerals, etc. - NatiQnlllity: Filipino-CapitCll Stock: Pesos 1.500,000.00 divided into 150,000,000 shares of the par \'ulue Pesos 0.01 each - Sufl8cribed Capit,~l: 300,000.00 .- C(1)ital P(lid: Pesos 75,000.00-IncorpoT(Ltors and Directors: R. Abriol. B. J. Martinez, J. L. Klar, F. J . Campos and C. de G. Alvear-Treasurer: C, de G. Al_ vear, San Juan del Monte, Rizal. SUR IGA O SUYOC MINING CO., I NC. He ad Office: Iloilo-R egistered: November 10, 1936-Term: 50 years - Business: To Purchase, Lease, or Othel'\vise Require and to Own, Hold and Dispose of Mineral Claims, Deposits, Properties , Mines and/or Mills ari'd to Survey, Explore. Develop, Utiliz(J Mines and/or Mill Said Mineral Claims, Deposits, Propert.ies, Mines and Mills Natiolllllity: Filipino-Cn.pital Stoc/r.'!: Pesos 400,000.00, divided into 40,000,000 shares of t.he pal' value of Pesos 0.01 each-Snbsc7'ibed Capitnl: Pesos 400,000.00-Capirol Paicl: Besos 12,750,00-lncol''Dorators and Diredol's : Enrique J. C. Montilla, Evaristo Echarri, William Wyllie. W. F. Gemperle, Otto F. Weber, FeJipe Arenaza and A. IlIenbcrgerTreasllrer: William Wyllie, Talisay, Neg. Occ. SURICAO TAGANAAN MINING CORPORATION Head Office: Ambrosio Building, 401-405 Sun Vicente, Manila, P.I.-Bn/.1lcll: Tagnnaa n, SU1'igaoBtalincss: Mining - Established: 19S6--Aut/wri;;ed Capital: Pesos 100,000.00 - Officers and 11Icorporator8: D. B. Ambrosio, President, Mrs. Maria G. Vasquez, Vice-President, Domingo C. Baseara, Secretary-Treasurer Incorpomtors: Jose M. Vasquez, Mrs. Isabel Tomaneng-Tolentino. Mrs. Maria G. Vasquez, D. B. Ambrosio, Domingo C, Bascara, Sancho Jacinto, Salud Crespo. SURVEYORS SYNDICATE, INCORPORATED Head Office : Room 504 & 506, f,th Floor Chaco Bldg., Manila-Term: 50 years-Nationality: Filipi no-Business: To engage in survt!yinc, etc.--Capital Stock: 12.000 share9 without par value--StfbBcribed Capital: P35,000.00-Capital Paid: P26,OOO.-
PHILIPPINES OO-illcol-pOl'ntol's: Marcelino Agana, Fernando F. Ynpcinco, Arsenio Dizon, J ose D. Manzano, Felipe David, Bernardo Agnna, Tranquilino P. Snlvarlor, Feruundo Yapcinco, Jr., and Gl'cgorio Pineda.
SUYO·MARA PUDO MINING EXPLORATION, I NC. H ead Office: 408 Arias Bldg., Manila-Registered: October 27, 1936-Tel'm,,- 50 yeuI's-Busin6SS: Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing fOl' Market, Manufacturing, Buying, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead and all Kinds of Orcs, Metals and Minerals, etc.-Nationality: Fiiipino-CU7Jitat Stock: Pesos 300,000.00 divided into 30,000,000 shares of the pal' value of Pesos 0.01 each-Subscribed Capital: 60,OOO.OO-Capital Paid, Pesos 15,000.00-hzcorpomtors and Directors: Francisco Santamaria, Otilio R. Gorospe, Gregorio Bg. David, Olegario B. Clarin, John C. Todd, L. M. Rome 0 and Fernando Gorospe -Tnmsu"er: L. M. Romero, Manila, P. I.
473
SUYOC CONSOLIDATE£) MINING COMPANY Head Ol/ice: Manila-Na.tionality: Filipino B/lsine8s: Mine Operators - Est.:llblis flcd: 1933 .4utlwl'izcd fwd Paid-1'n Ca1)itlLl: Pesos 1,250,000.00 -PUll' Value of Shat·cs: Pesos 0.10- Amwal Turnover: Pesos 1,1l3,650.00- Resct've: Pesos 318,939.00 -P,·illcip.ctis: A. G. Bellis, Benjamin S. Ohnick, J. H. Marsman, A. N. Simpson, A.lf Welhaven - Balik Reference: Peoples Bank and Trust Company. Showing an increase of Pesos 14,000 from the previous months Suyoc official reported Pesos 113,~ 108.40 worth of bullion produced for October, the mill treated 6,939 tons of ore during the period under review with a reco~red value of Pesos 16.30 pel' ton. Extraction for the month amounted to 85.03 percent. Development - Capital development amounted to 864.5 feet with 112 feet of this total advancing in ore averaging $4.24 per ton. Operating development was pushed 436.5 feet of which 97.5 feet were advanced in ore averaging $6.55 per ton.
SUYOC CONSOLIDATED MINING COMPANY Balanc€ Sheet as of December 31st, 1936 ASSETS Fixe<! Anets: Mining Propercie$ and Development. . .. . . . . 1~1 ,046,803.37 Buildings. Mine and Mill Equipmenc Tools Power Plant, Furniture and Fixtures, Roads: 1,351,032.60 Etc. ..... . .. Current Assets: Inventories, Etc. .. . .......... .. . . .. .. . . . . . 3~6,545.21 Cash on Hand and in Banks, Bullion on H:md and in Transit... . 173,453.26 Deferred Charges . . 7,476.97 Other Assets ..... Total Assets.. OPERATING ACCOUNT Bullion and Concentrates .. Operating Cost Ptolit on Operation ..
"2,935,311.42
P1,129,246.52 794,750.40 1~
334,496.12
PROFIT AND LOSS ACCOUNT Operating Profit. . . 'P 334,496.12 Other Income. . .. 1,682.9S Gross Profit.. .. Dc:preciation, Etc.
l' 336,179.07 169,8JO.69
Nct Profit..
l' 166,)48.)8
UABILITIES Capital Paid-up... Premium on Sale Clf Srock . . Current Liabilities . . Surplu$ and Reserves ..
Total Liabilities . . ORE RESERVES POsitive and Probable,!. ..... .. ..... . Average Value per Ton. Total Value of Ore .. Ore Treated . . Average Value per Ton. Mi!ling Capaeity pet Day .. Dividend per Share. High ..
Low .. (a) Based on Gold at $35.00 per ounce
"1 ,250,00J.00 1,198,On.79 266,684.05 220 , 5~9.58
'>2,935.311.42
181,850 tons 'p 19.60 ( a) 1' 3,564,820.00 65.415 tons "
17.28 300 tons
NIL .95 centavo, .15 eentavos
474
THE COMMERCIAL
&
A combined total of 209.5 feet 01' 17.'14 percent of the entire a dvance was in ore averaging $4.95 PCI' tOil,
The No.1 shaft was s unk 22 feet which brings the s haft. to a point seven feet under the 2,000 stn· t iOll, Excavation for a con crete ring and bearers is in progress at this point. Sink ing was held up during the first half of November but was resumed 011 the 15th. Constr uct ion-Work on the millsite bodega was complete during the mont h under review and a ll stock has been tra nsferred into the new bu ilding. The pcwet' house extension for the PalidallSuyoc DeC I) Level Tunn el COtnl)any's Allen engine is finished as is the foundati on and the floor fol' this unit. In stallation of the new Moore agitator in the cyanide plant IS 95 percent completed. SUYOC-BAUKO MINING CO., INC. Head Office: Manila, Philippines-Registel'ed: September 24, 1936-!ferm: 50 years-Business: Minir.g, Milling, COIl'Ce n ~'ating, Converti ng, Smelting, TI'eating, Pl'cpal'i ng for Market, Manufacturing, Buying, Selling, Exchan gi n~, a nd Othe rwise P r oducin~ and Dealing in Gold, Si~er, Cappel', Lead and All K inds of Orcs, Metals a d Minerals, etc.-Natiomtlity: F il ipino-Capital tack: P esos 350,000.00 divided into 35,000,000 sha)'es of t he pal' value 0.. Pesos 0.0 1 each-Sllbsc)'ibed Ca1Jitlll: P esos 350,OOO.OO- CajJitol Paid: Pesos 87 ,5000Cl-Dir!'ct(l1's: Hany Goodman, Edward I'd itchelJ. Nicol:ts Santiago, Vicente 1'. Lazo, Andres Gorospe Reyes, Ralph G. Hawkins and J. Amado Al'aneta, Pres:rient, HalTY Goo.dman, Gen. Manager, Ralph G. Hawkins , Tl'easlll'er, Andres Gorospe Reyes, 60 Lagmay, San J !lan Height.s. Ri zal SUYOC-]{A YAN GOLD i\lI N ING CO., INC. H ead Office: Manila, PhiliP I)ines-Rcgist.cl·cd.: January 22, J937-Tcnn: 50 year s-Busincss: Mining- iVutiolllllity: Fili pino-Callital Stock: Pesos 1.000,000.00 divided into 100,000,000 shares of the par value of Pesos 0.01 cach-SltbSC!'ibed Capital: Pesos 200,000.00-Ca1}ital Pltid: Pesos 50,250.00h lcoJ"}}Ol'atoJ's: J. 'V. Curamong, Artemio Abuyu, Francisco C. HizOIl , Ricardo Nostratis, Donato M. Guevarn, Calixto M. FelTeriu, Albino N. Ocampo. Ben. Art. Gl'ay and Felipc F . Asuncion. SUYOC KULA MINES, I NC. H eud Office: -t06 Philippine National Bank Bldg .. Muniln-Registe/"ed: Junuary 21, 193'7-Tel'm:
INDUSTRIAL MANUAL 50 yellrs-Busill!l88: Mining-Natiolwlity; Filipino -Ca1lital Stock : 20,000 shares, all of which are without nominal or par value-Sll b8(lI'ibed Capital; Pesos 20,OOO.00-Ca1Jital Paicl: Pesos 5,000.00-!·u. COl'I,OI'(IIOI'I1: Hermencgildo Sevilla, J esus Dinel"os, P elagia Villegas, John F . Gotauco. Rizalino Gambillt, Leonardo Padilla, F lorendo Aquino, William B. Murphy, Exequiel Villamar and MelchOr P. Aquino. SUYOC MINES CO., I NC. H ead Ofiice: Iloilo, Iloilo-Registered: November 14, 1935-Tel'ln: 50 yeurs-Bu8iness: To Locate, Purcha se, Lease, and Otherwise Acquire Mineral Claims Anywhere in t he P h ili l>pine Islands, ete.Nationai.1"ty: Filipino-Cn]>ital Stoc/(: Pesos 1,200.00 divided into 1,200 shares of the par value of Pesos 1.00 each-S1I bscl'ibecl C(l1)it(ll: Pesos 700.00-Capital Paid: ~sos 175.00-htcol·/}/))·u tol·s (DId Directors: Eval'isto Echarri, P edro O. ViI'ata, Otto C. Harri s, Enrique J. C. Montilla, John H . Roemel', Otto F. Weier, W . F. Gemperie, A. Guticrrez and William Wylie. (Pedro O. Vi rata, C. Harris, J ohn H. Roemer and A. Gutierrez, Itl'e incol'poratol's)-T"el!8w'e)': Otto F. Weber, E scalante, Neg. Occ.
Suyoe-Kayan Gold Mining Assoeia ti 0 n Capi tali zat ion: Pesos 1,000,000.00 In 10,000 Units At Pesos 100.00 Each
322 Crystal Arcade
Tel. 2-67-66
475
PHILIPPINES SUYOC SLIDE SYNDICATE The following information is a digest of the RelJOl't submitted by our Superintendent, roll'. Albert Hani, as of September 22, 1937: 'rhe pI'osped tunnel as outlined by Mr. V. E. Lednicky has been driven a total distan('e of 1517 ft. Since the last report to you Oil July 30, ]937, 182 it. have been driven. The net operating time was 45 days, giving an average of approximately 4, ft. pel' day advance in the tunnel. This wOl k 1':a" b-?en rather slow due to the heavy ground which 1'f'C]ui"cd
spiling and close placing of sets of timber.
Several
small fractures were cut containing altered andesite gypsum, with a ;;mall amount of pyrite. with ass?ys as high as 1'7.00, present price of gold. No drifting has been started on these fractures as they are !lot of commercial interest and the objective of Mr. L~d nicky in his layout of ~e tunnel did not include any drifting on these zones. The compressor oper ated satisfacturily dUring this period, except for pel"\odi,cal breakdowns. The total operating t ime was app roximately 85'10 of the possible time available. Some delay was necessit3ted due to the heavy I'ains a Suyoc wh ich lielaved the deliver.y of timber. Pentling t he arr angem~nt of furthe~' finance of your ol'ganization to enable Opisso & Company, I nc. to proceed with the work, the advance in the tunnel has been stopped. One repair crew is being kept in the tunnel to keep it open.-OI'ISSO & COMP.... "Y, I NC., By: J. S. B .... KER, Conslilting E1fgiJleer. SWAN, CU LBERTSON & F R ITZ Head Olfice: Shanghai-Ma11ila Office: Wilson Building, 143 J uan Luna-Nat·ionaLity: AmericanBusi1fess:-Investment an d Securities-Established: 1926 in Shanghai-Private Partnership between C. D. Culbertson, Chester Fritz, K. L. Yui. K. W. ITIe, A. U. Fox, E. Essig, S. Klotz, R. P. Aikin, C. O. Cumming-Ba11k Refere1lce: H ongkong & Shanghai Corporation; National City Bank of New York.
Cuento, Teopista Jup ia, Nehemias Cucnto, Felipe Cuento and Santos Cuento (Santos Cuento, is an incorporator only)-Tn~as ltl"el': Alejandro Cuanto, 254 Aragon, Samp., Manila. SWISS ORIENT AL COMMERCIAL COM PANY Head Office: Manila-Nationality: SwissBilsiness: Importers of Picce Goods; Sundries-Established: 1920- Pl"iucil}al: Fl'ederic Knecht, P"esident and Manager- Pain-iJl CapitaL Pesos 80,000.00 -Te/egraph: "Sworcoco"-Bunk Reference: Philippine Trust Company. SY GUT HUAT PLUMBING fNC . Head Office: Pesos 440 Teodora Alonzo, i\fani!a - Reg istered: July 11. 1935- Tel'lll: 50 years- Busi11ess: Geneml Hardware; Paints, Plumbing; Electrical Suplies-Nat·iollality.. Chinese-Callifa/ Sloc,I~: Pesos 50,000.00 divided into 500 shares of the par value of Pesos 100.00 each-Su(,scl"ibcd C(lpiraf: P esos 50,000.00-Cupital Paid: Pesos 25.000.00-Cush: Pesos 10,230.70; PI'opel'ly: Pesos 14,769.30- 111cOI'I)OratoJ's (!-lId Vii'ect o/"s : Sy Buy, Sy Kao Po, COI"nelia L im Co., Sia Tao and Hermenegildo Lim C.,. TI'c{/sw'el'" Sy Buy, Teodora Alonso 442, Manila, P.T.
SWA N, CUL BER TSON <& FRITZ BrQkers il1 Suurilia and CQmmQditia Daily Nt/v York and LondQII StQck Exchal1ge Service CQmmQdity Future! Oil tbe prillCtplll Americal1 mllrkets Mtmhers Qf
Mani la Srock Exchange Shanghai Srock Exchange New York Cotton Exchange Chicago Board of Trade W in n ipeg G ra i n Exchange Commodi ty Exchange, fne, New York New York Coffee and Sugar Exchange C:z.n:z.d i3n
SWEEP STAKE COOP ERATIVE ASSOCIATION, I NC. Head Office: 1818 Rizal Avenue-Registel'ed: January 14, 1936-Tel'ln: 50 years-Bllsiness: Sweepstake Agency-Nationality:-Fili pino-Capi/al Stock: P esos 1,200.00 divided into 120 shares of the par value of Pesos 10.00 each-Subscl'ibed Capi tal: P esos 240 .00-Capitu/ Paid: Pesos 60.00-/11corpomtm's Ulld Vil'ectol"s: Alejandro Cuento, Isidro
Commodity
Exch3ngc,
Inc.,
Montrc 31
CorrespoNdwts for
Hayden, Stone &Co .• New York and Boston J. E. Swa n & Co., New York Telephollt 2-38-34 CaMe Address: "Stva1l!IQck" Wilso1l Bldg., 1431f11111 LII1)a
Offices: SHANGHAI and HONGKONG
47G ____________~T~H~E~C~O~M~M~E~R~C~I~A=L~&~路~I~N=D=U=S~T~RI~A~L~M~A~N~U~A~L~_____________ SY KENG & COM P ANY
Head Office: 565 Sto. Cristo, Man ila-Reoistered: January 22, 1936-B'IIsintl8.!: Stock Exchange -N(ttio1!ality: Ohinese-Capital: Pesos 16,000.00 Ca,p ilat contributed by each 1)U?'tllfJr; Sy Keng, Pesos 5,000.00; Ting Suy Eng, P<.!sos lO,aDD.OO-Manu. yer: Sy Keng and Lim He.
SY FIAO & CO., LTD. Head Office: 768 Echague St., Manila-Registered: August 18, If}36-Tenn: Olle year, from J uly 27, 193G-B11Si1!C88: Buying and Selling of Lumbcl'; 'Vood and Species-Nationality: Chinese-Capital: Pesos lO4,OOO.OO-C(1)ital contributecl by each partner: Pio Banctto Sons, Inc., Lim ited P artner, Pesos 39,000.00, Sy l ak and Sy Chi Yak, Pesos 26,000.00 Chan To, Pesos 26000.00, See Che Ping, Pesos 13,000.00, nre generulJ>urtners-MatlCtuer: Chan To, Sy Iak, Aias Sy Chi Yak & See Cho Ping. SY TIAN & COM PANl\. Helld Office: 1118 1\1. de Santos, Manila-Reuistel'ed: September 9, 19S6-Tel'l1!: Three years, from March 17, 1936-Bllsiness: Groceries, etc.Nationality: Chinese-Capital: Pesos 21,000.00CUl)ital contf'ibutcd by each partner: Sy Tian, Pesos 3,000.00; Chua P ong, P esos 3,000.00; Cheng La, Pesos 3,000.00; Sy Tat, Pesos 3,000.00; Tan YOn'g, Pesos !l,000.00; Gan Lian Pino, Pesos 3,000.00; Khe Chih, Pesos 3,000.00-i'lfanager: Sy Tian. SY TI AN & NGO OU A Head Office: 1044 Comercio, Manila-Registef'; ed: April 4, 1936-Te/"111 : Two years beginning March 30, 1936- BIISitI688: Gener al Merchandise-
Nltt-i01IUli ty: Chinese-Ca pital : Pesol 10,000.00Capital contl'ibllted by eack purtllllr: Sy Tuan, Pesos, 6,000.00; Ngo Gua, Pesos 5,000.00. SYNDICATE I NVEST ME N T S, I N C. Head Office: 5th Floor, Filipinas Building, lolanila-Btlsin6s.!: Investment Finance-Established: 1935-Princi1Jafs: R. C. Staight, President, James Ross, Rogel' W. Clarke, Col. J. B. Ord, J . R. Herridge-AtltllOri:::ed and Paid-in Capital: Pesos 1,000.OOO.OO-Par Value of Sha'l'es: 1000 Common Shares at Pesos 100.00 each ; 9,000,000 Shares at Pesos .10 each- Dividcnd: 52% % on Com. 25 '10 011 Pfd - 1937 5'7<: -Londolt Representatives: Last Riel'es & Fitton, Londoll-Telegraph.- "Syndvest"- Code: Bent!ey'SBa11k Reference: Hongkong and Shanghai Banking Corporation. SY T IEC & COMP ANY Hcad Office: 256-260 Juan Luna, Manila.Registered: October 8, 1937-Tel.,n: Four (4) years, from October 1, 1937-Bus-ine88: Dealing in general merchandises, etc.-Nationality: Chinese-Capital ' P15,OOO.00-C(1)ital c01lt"ibuted by each paf路tner:Sy 1'iec, P7,500.00j Tan Tian Yu. P7,500.00-Ma,,agCl': Tomas ]{i ng and Tomas Kingtaigunn. TAGAYTAY LAND SUBDIVISION Head Office: Ambrosio Buil ding. 701-705 San Vicente, Manila, P. I._Bt路U7iC" : Tagaytay, P. 1.Nationality: Filipino--Business: Real Estate-Established: 1937-P'I'inci1Jais: D. B. Ambrosio, President, l\1 r s. Mercedes Lu pisan Osorio, Vice-Pr esident, Mrs. Geronima T . Pecson, Secr etary-Treasurer, Felix R. Lupisnn, Office Manager, D. B. Ambrm:io & Company, General Agents.
SWITZERLAND GENERAL INSURANCE CO., LTD. Balance Sheet fo r rhe Year Ending Dece mber 31st, 1936 ASSETS R(al estate. Monga.l;e loans.. Stocks and bonds _ ,. Cash in office and in banks .. in(re5fs due and a(cru~ , ...... . . Premiums in course of collection. Other ~s.se[s .
. . U.S. $1 ,218,750.00 195,000.00 },IS2,lSS路40 1,298,607.80 29,}U.05 }85,707.25 2,093,979.71 U.S. S8,373,543.11
LI ADI LlTrES Unpaid losses U.S S2,929.0}4.25 1.945.6n.lO Unearned premiums 1,225,620.04 Other liabiliries . . .. . .. Surplus as reJ:ards polie~' holdcr5: Capital paid up." .... U.S. S 750,000.00 Surplus 1,52),211.51. U.S S8,37},543 .11 ( Exc hange : SI .. Sw _ Fr. 4 -~
PHILIPPINES
477
SYNDICA TE INVESTMENTS.. INC.
INVESTMENT FINANCE _
_
0_
_
DIRECTORS R. C.
S TAI 6 HT,
J AMES
President
Ross
COl.
J.
B. ORD
RO GE R
J.
W.
R.
CLARKE
HERRIDGE
HEAD OFFICE Fifth Floor, Filipinas路Building, Manila, P. 1.
Cable Address: "SYNDVEST", Manila
Codes Used: Bentley"s
478
THE COMMERCIAL
&
TABACALERA I NSURANCE CO., INC. Head Office: 212 M. de Comillas, ManilaRegistered: January 29, 1937-Te,-m: 50 ycsrsB1!sineS8: In sura nce-Nationality; Filipino-Capital Stock: Pesos 1,500,000.00 divided into 15,000 shares of the par value of P esos 100.00 each-Sllbscribed and Paid Cct1Jital: P esos 375,OOO.OO- l ncorp01'utoJ"S: Lorenzo Correa , Manuel Gonzalez, Chat'les H. Da. vies, Antonio Rosales and Miguel Pe rez. TAGOBOMAR DEVELOPMENT CO., INC. Head Office: ecbu, Cebu-A ttthorized Capital: 112,OOO,OOO.OO_ Par Value; PO. Ol-SubscTibed Capital: NOO,OOO.OO- P wid_in CU1)itul: PI10,OOO.OOComll!1'ssioll Pee: 50/0 of t he vulue o:f t he secllri~ies b2l'Caftel' sold.- P,'o?lwtion Fee: 7lh % of the value of the securities hereafter sold .-Pel'mit to sell ~6,000,000 founders' spares and 59.000,000 common shares-Directo1'8 a11d i ncol"l'oratoJ·s,- J ose Martinez, President ; Eduardo Taylor, Vice-Pl'esident; Virgilio H. Gonzales, Tl'easul' 1'; Gonzalo BOl'l'omeo, Secretary A!'(lalion Gonzales, Director, T(tgb(tboy (h'ot(P Location atld AccesSibil¥y ·-This group of 27 cl aims is located in Sitio Tagbaboy southwest of Dinagat I sland, l\Iuncipality of Dinagat, P r ovince of Surigao, From the provincial Capital, Surigao, is about 30 kms. due northeast and can be reached by motor launch AmbassadOI' within three hours sailing time. It lies to the east of Tagbaboy Bay, an inlet which may provide n safe anchorage for moderate size sea-going vessel. A ship a t anchor off-shore ca n be loaded with orc f!'om lighters . The l·cgion is heavily fOJ'c<>,ted with pl'cdominatinlZ Iitst group t imbers. The t hick nr.del'bush and soil covering in places made prospecting somewhat difficult at present. All parts of the property, howev(:;l", <'an be connected with r oads and trails at small expense, The company is maintaining a short tramway for are ca l'S from its D eposit No.1 to the pier landing. Topography ll1ld Geology:-The topography feature of the area covered by the claims is one of high relief with an average elevation of a bout :l00 feet a bove sea level. The mountains rise higher to the porthenst and cast with :ntervening open Ushape valleys. The Tagbaboy River which drains the district mcn ndel·s through its valh.y fl&.t into the Tagbaboy Bay. Serpentine rock und sCl'llcntinimd peridotite arc well eXllOscd Rton~ the sea coast, in l·iver banks 111'1'.'1
INDUSTRIAL MANUAL steep of the mountains, The peridotite is the un. derlying rock formation of Dinagat I sland in w"'ich are found numerous segl'egations of chro mite The chromite deposits in the propert)' appear in ine. gular musses and dikes of varied sizes. The ore from the outcrops is of massive granulal' t extures but becomes mottled g reenish-white and black where the g l·ade is lower, The chromite is dissemi nated in weathered se'·pentine. A grab sample of the mottled ore in Deposits No. 1 showed over ,Wo/'o chromite oxide (CR 203). Dcvelolnwmt WOJ'k:-Two outcr09s have a lready been partly developed besides othel's reported by the prospectors, Deposit No.1 has an nVCI'age width of 5 feet and del)th of 14 feet and from which some ol'e has already been extracted. Deposit No. 4 is a 2-foot dike which hils b !!en t l'aced to a distance of about lOO feet along a COUl'se S 50 E . The width is not regular and the \'erticni extension is Jess well defined. It is believed howevcl', t hat more O)"C' of sh ippin.l! I!T8rte hom In e above deposits may be d~veloped than the followin'.!!:' estimates !>how: OUR ESTIMftTES Deposit No. 1 Lump ore a lrea dy mined and taken to !;o pier dumps a nd lightel·s . . Positive are . Probable are
Deposit No. 4 Lump orc in dumps near the pit. P ositive ore P,'obable ore Total Ol'e reserves fol' the Tugbaboy Group ....
200 tom;. SPO .. 3,500
30 tons. 100 300
4,(l30 tons.
Fine ore and l'esiduals dumped neul' the pits h!lve not been included in the abovC' estimates, It will be seen also that no allowance fol' PI'osDecti,'e ore has been made a nd low grad!! ore has not heen c;)nsidered. There is probably a larger tonnage of low g rade ol~e available for milling. A very large p:ll't of th!! area still remains unprospected and a number of outcrops unexplored that any prediction for future ore possibilities in ~hi s propert)" will be V2ry highly speculative, COllc/usio)1 a"d Recomllltmdations:-The Ta2baboy Group is easi ly accessible to the bay where a safe anchorage for loading ships mny be found.
PHILIPPINES The peridotite and serpentine rocks found in the district are well known associates of ('hl'omite deposits. Several outcrops of comrncl'cial orc have been reputed and their early expioratio:m is highly
recommended.
The
exploration
work should
be
placed in the hands of an experienced man. Further development of Deposit No 1 by trenching and pits should be made but mining of the ore by open pit method as it is now being dOM should be stopped for the time being. Such method of mining may cause loss of considcrablQ amount of minable orc and difficulties in eventual underground OpCl'~ tions. It is believed that a better and morc economical method of orc extraction may be found when the nature and condition of thl' deposits arc better understood. D eposit No. 4 may also be further explored by open trenches at lower levels. Trails should be constructed in Ol"{~er to fa.cilitate all exploration nnd development work Any other road Project for this \pruperty must be pustponed pending further dcvdopment of the deposits. Adequate housing facilities fo,' the laborers and their families may - be eonstrl!~d at the prescnt camp site. The moving of the camp at another place as it has been planned ~ee~ to be necessn. r~·. at least, until the result of ths exploration pl'ojects j as herewith recommended is partly known. ORE ESTIMATF.S Umasdong Group Deposit No. 11 Fine and residuals at dumps near pit Possible Ore ... . Probable are .. .
300 tons 2000 7.00n
Deposit No. 13 Fines at dump neal' pit Positive Ore Probable Ore ..... .
150 bns 1.500 2,000
Deposit No. 29 LUmp ore at dUmp neal' outcrop '" Probable ore from float boulders
20 tilns 100
Deposit No. 36 LUmp ore on piles near workings Probable ore, float breccias
100 tons 200
Dumps at pier landing Lump ore ............. . 1,::100 tons Total ore r eserves for Umasdang ' GrO\lp 14,670 tons
479
TAGUIG-PATEROS TRANSPORTATION CO., INC. Head Office; Pateros, Rir.al- Reuistel"ed: March 11, 1936-Telo"t; 50 years -B ltSine8s: Land Transportation-Nationality: Filipino-Capital Stock; Pesos 49,500.00 divided into 495 sh:ues of the pal' value of Pesos 100.00 m\ch-SnbSC)'ibed Cal,ital: Pesos 17,800.00-htcoJ·pol·ato )"s altd Directors: Dominador Raymundo, Gregorio Dayco, J ose Tangco, P edro Menguito, Rustico Raymundo, Tibul"cio Tuason and Sixto Menguito- Trcasw'sl' : Gregor io Dayco, P ateros, Rizal. 1'ALISA Y-BACOLOD DISTILLI~G CO. Princillal Officc: Talisay. Neg-ros OccidentalReyis tel'cci: Octobel' 18, 1937- Nafiona/l/y: Filipino - Pw'posc; To manufacture and sale alcohol fOl" motors, etc.-Cal,itat Stock: " 500,000.00 divided into 500,000 shat'es of the par value of P1.00 eachSubscribed Capital." " 208,00(lOO-Callital Paid; PI04,OOO.00-inco/·porato)·s." Placido L. !'olapa. Cesar Ledesma, Nicolas A. Lizal'cs, Dr Antonio A L,zares, Simplicio Lizares, Genel"oso Villanuc va , Alfredo Montdibano and Rafael Lacson . TALISAY F I NANCE CORPORATION Head Officc: Talisay, Occident.nJ Negros-Registered; Novembcr 6, 1936-Te )'m: 50 years-Business: To Invest its Sur plus Capital in Buying and Selling Stocks, Bonds, Debenturcs, Promi ssory notes and Other Evidences of Cl'cditi and Generally to Engage in the Financing and Investment BusinessNationality: Filipino-Ca1'I~tal S 't ock: Pesos 600,000.00 divided into 6,000 shues of the Pal" Value of Pesos 100.00 each-SI,bsc/"ibed Cupital.- Pesos 505,400.90-e(~7,ital Paid: Pesos 252,700.00-incoJ·/lo1·atOTS; Simplicio Lizares, E. A. Picazo, Encarnacion L. Vdn. de Panlilio, Luis de Leon and Rodolfo Lizares-Di1'ecto/'s: Nicolas A. Lizares, Cesar Ledesma. Placido L. Mapa, Simplicio Lir.ares and Antonio Lizares-Tteasu1'et; Encarnacion L. Vda. de Panlilio, Manila. TALISAY-SILAY MILLING COMPANY, INC. FIcad Office: Tali say, Occ., Negros, P. 1.Brallcft: Manila-Nationality; Filipino-Business.Sugar Cane Milling_Ploillcipals: Nicoll\s A. Lizares, President, Cesar Ledesma, Vice-Prcsident and General Manager, Pl acido L. ]\fapa, Assistant General j\·I anagel";-Directo)·s." Dr. Antonio Lizare!l, t:;implicio Lizares, Emiliano Lizarei'i, Trino MontinolaE8tablishl!(/: June 31"d, l!H8 in Tali !lay ; February
THE COMMERCIAL & INDUSTRIAL MANUAL
480
1st, 1937 at Suite "A", 5th Fhor S.oriano Building, Manila-Original Capital: Pest's lO,OOO.OO-Pre,"tmt Authorized Capital: Pesos 5,OOO,OOO;-Puici.ill Capital: Pesos 4,~61.480.00-Pa!- Value 0/ Shares: Pesos IO.OO-Surplus: Pesos 1:35,882.45 as of July 31st, 1937-Bamk Reference: Philippine National Bank; Bank of the Philippine Islands. The original capit-'Il of this company in 1918 was P esos 10,000.00 which in 1919 was increased to Pesos 2,000,000.00, and in 1929 was still further increased to Pesos 5,000,000.00. 1'AMBIS GOLD DREDGING COMPANY, INC. To the shareholders, August 31, 1937: The last report from this department was that of March 28th of this year, which was a brief genel'a1 report concerned with main features of the situation here at the time, and with the proposed scheme of further development of the property. That report stated, in effect, that underground exploration on our "Zero" ~evel had exposed several ol'ebodies of sufficient grade and dimension to justify a mill installation, provided the average gold content as determinf'rl on the Zero Level does not
apprec iably diminish with depth; that it was therefore necessnr.3' to sink to a lower level to enable further exploration at depth; and that this, in turn, required a compressor and other facilities, the installation of which was well under way at the time. I n conclusion, it was explained that the time required for shaft sinking and tunneling on the 125foot level would make impossible any final decision as to the value of the property before the latter part ot the year. As has been remarked ir. other reports, the mineraliz.3d portions of OUI' holdings comprise a corY. siderable area favorable for prospecting, und in spite of the many thousands of feet of '..mdel'ground work pel'formed to date thel'c is still a large amount of work to be done on the Zero Level before it may be said that the prospecting of this level is compl~te. Aside from this, as p r eviously stated, our main objective is the determination of ore character at greater depth, and ~gardless of success or failure in the discovery and exploration of additional orebodies on the horizon of the Zero Level, definite appraisal of the property nlUst ~wait the outcome of the deeper level development It mip-ht be added
---t
TALISAY -SILAY MILLING COMPANY, INC Talisay, Occidental Negros
Pesos 5.000.000.00 4.361,480.00 635 ,882.45
Authotized Capital. Capital Paid 'Up .. Surplus . Board of Dimtors PresidUlt Vice-President alld Gtmrnl Malinger Auista111 Guural MOllog(r .
Nicolas A. Lizares Cesar Ledesma Placido L. Mapa
Directors
Dr. Antooio Li zares Simplicio Lizares
Mill
III
Bacolod. Occiden!:tI Negros
Emiliaoo Lizares Trino Montinola h'UIl1//. O//it'< Suite "11" 5th Floo! Soriano Bldg. Plata un"antes Tell. 2-27-24 50: 2-21))-28
PHlLlPPlNES that there is nothing unU$uel in this situation.
Gold mines that have proved successful in spite of very shallow ore extent arc not numerous. In regions of rugged and mountainous topography it is often possible to prove sufficient vertical extent of orebodres by horizontal entry alone, whereas in our case it is necessary to sink to a level lower
thun the valley bottoms. The deference of any final decision till this is done is not a case of ('onservatism; anything otherwise would be highly unconserva\..ive. BANGANlLlO
WORK
As our main job at present is to geb the shaft down to the hol'!zorl' of the 125-foot level as soon as possible, and as this type of work is of no interest from the prospecting standpoint. I have seen no need fOl' a special report until such time as expiol'ation has shrted on the lower le\'el. However, some of the stockh~lders may not agree with this view, so a brief description of our present position follows:
No.1 Shaft: Raising from "0" Level to the collar, concreting of collar, installation of headframe, hoist and transfer facilities were all completed by the first of the month. when active sinking began. Sinking below the "0" Level station was {'omplete to 53 feet on the 60 0 incline by the end of this womh. Very little water has been encountered to date, ground conditionfl al'e excellent, and there have been no accidents. No. 8 Tmtnel ol'e-body: Exploration work on a vein slightly west of and parallel to, the Pearson Lode was completed during the month so far as the "0" level is concerned. This work wa!l SUCC(?SSful in exposing a vein which averages about P.22.00 (new price) over a width of about four fcet for a length of about 46 feet. While not a large b"dy, this is easily accessible from workings on the Pearson Lode, and is worthy of mention as another source of ore in addition to those described in previous r!lports. No. 11 Tunnel PI'oslJects:-Continueci drivmg of this tunnel, in the New Zealand claim, has ver.y recently encountered a systl!m of shoar zones from which fine free gold may be panned, with assays up to P25.00. At this date there has been insu~i颅 cient time for further exploration by drifting, so that it cannot yet be said whethel' or not there is a sufficient quantity of this mnterial to indicate the presence of another ore-body.
481
Other work: No . 6 Tunll~l has recently intersect2J a narrow stringer car~ing fine visible gold, but not of commercial sizc at the point of intersection. Work in this tunnel continues. Nos. 1 and 3 Tunnels are at pl'l!Sent undergoing reaming and re-timbering, preparator.y to installation of track and piping to facilitate more rapid prospecting of the favorabl e areas involved. Sur/ace prospecting in the Good Luck claim has resulted in the exposure of an outcrop from which two check samples assayed P17.50 warranting further investigation. In general, as l'egal'ds present objectives a nd features pertaining to future I!roduction, the report of March 28th of thi s ym'l1' is still in effcct.-(Sgd.) C. F. KNAERBL. TAN CHUY ENG & COMPANY Head Office; Nueva St., Nos. 305 & 307, Manila -Registel'ed: April 14, 1936-Busi~less: Liquours, Foodstuffs, etc.-Natiollality: Chinese-Capital: Pesos 36,864.14-Capital contl'ibuted by each partnew: Tan Chuy Eng, P esos 10,240.00; Choa Phec, Pesos ~6,384.06; Cheng Kong, Pesos 10,240.04Mallagel': Tan Chuy Eng. TAN ENG NlU COMPANY Head Office: 224 San Vicente, Manila-Registered; January 12, 1937-Business: MerchandisingNationality: Chinese- Capital: Pesos 16,000.00Ca1,ital contributed by euch parble)': Tan Eng Niu, Pesos 8,000.00; Tan Chu, Pesos 8,000.00-Ma1zager: Tan Eng Niu. TAN KONG & COMPANY Head Office: 1891-A to 1899 Juan Luna St., Manila-Registe)'ed: June 5, 1935-Te1'1n: 10 years from May 25, 1935-Business: Lumber MerchantsNat路iollality: Chincse- Ca1lital: Pesos 8,000.00-Capital contdbltted by eaclt pa1'tner: Tan Kong, P esos 4,000.00 ;Dee Joc, Pesos 4,000.00-Ma1!agel路: Leocadio Pio. TAN PA & COMPANY Head Office: 500-502 Nueva St., Binondo, Manila-Registered: June 4, 1936-Tel'1n: Five years--81!siness; Gen'erai M'erchandise, Shirts, Pants, etc. -Nationality: Chincse- Caliital: Pesos 14,000.00Capital contributed by each 1'arhuH': Tan Pa, Pesos 3,500.00; Yap Sing, Pesos 3,500.00; Ngo Tian He, P esos 3,500.00; To Kao, Pesos 3,500.00Managel': Yap Sing.
482
THE COMMERClAL
&
TAN PEE AND TAN YAU Head Office: No. 186 Rosario St., Mnnila-
Registered: July 16, 1935-Tel'1n: Five years from July 13, 1935-Busine88: Import and Export; Wholesale or Retail Dry-Goods, etc.-Nat'ionality.' Chinese -Capital: Pesos 7,OOO.OO-Capitnl contributed by each pUl'tncI'; Tan Pee, Pesos 5,000.00; Tan Yau, Pesos 2,OOO.OO-il1cmagfll-: Tan Yaw. TAN PHQ & COMPANY
Head Office: No. 916 Jnboneros, Manila-Re_ gistered: March 5, 1935-Tc)'m: Five years from January 2, 1935-Business: Gencl'al Merchandise; Water Transportatioll-Naaonalifly: Chines~Ca1} ital: Pesos 7,OOO.OO-CU1)itui contributed by cach 1)(f,rtner: Sy Yee, Pesos 2,000.00; Kao Ka, Pesos 1,500.00; Tan Lip, Pesos 1,500.00; Tan Pho, Pesos 2,000.00-Mallage,·: Tan Pho.
TAN PHO & CO., I NC. Head Officc: 916 Jaboneros, San Nicol'IS, Ma* r.ila-Registered: March 12, 1935-Te,·m: 10 years -Bllsiness: To Accept Freight and to Exploit Coast* wise Vessels in these Islands, Making the Company Acquire, Possess Whateve'i- Property Whether Movable 01' Immovable, Real Rights, Like Mortgaged Credits in Relation with the B'.:.< ;iness-Nn tio7lality: Chinese-Capital Stock: Pesos 10,000.00 divided into 20 shares of the par value of Pesos 500.00 each-Subscribed Capital: Pesos 10,000.00Capital Paid: Pesos 7,000.OO-Incol·po,·ato)·s and DiTecto)'s: Tan Pho, Tan Tua Chut, Sy Yeek Kao Ka and Tan Lip-Treusw·e)": Yao Ka, 208 Elcano, Manila. TAN SIAO SIU & COMPANY Head Office: G85 Benavides, Maniia-Reyise. e~·ed: March 13, 1935-Tel"ln: Five years, beginning Janua,·y, 1933-8I1si1/6S8: To Buy a nd Sell Copra, Desiccated, 01" Otherwise, and Other Similar Products-Nationality: Chinese-CUIJitCll: Pesos 44,000.OO-CUl}ital contl-ibuted by 6ach Partller: Tan Siao Siu, Pesos 5,000.00; Tan Sin Shiao, Pesos 5,000.00; Tan Ti, Pesos 5,000.00; Tnn Chong Pin Pesos 4,000.00; To Han Heng, P esos 4,000.00; Go Dua, Pesos 4,000.00; Lim Ban, Pcsos 4,000.00; Go Ching, Pesos 4,000.00; Sin Kiat Sieng, Pesos 4,000.00; Felipe Dionicio, Pesos 4,OOO.00-Jl1anuger: Tan Sino Siu. TAN SO & COMPANY Head Office: 1102 Calle San Fernando, Maniia -RegiMe)'ed: March 7. 1835-Tej'm: 10 years from
INDUSTRIAL MANUAL January 1, 1935-Busin688: Import nnd ExportNationality: Chinese-Capital: Pesos 36,000.00Capital cOlttribllfed by each partller: Tan So, Pesos 18,000.00; Tnn Chio, Pesos IS,OOO.OO-Manager: Tan So.
TAN TECK AND COMPANY Head Office: 360 T. Pinpin, Manila-Rcgistcj'cd: July 10, 1936-Te)'IIL' Three years, from June 1, 1935-Bu8ines8: Furniture Dealers-Nationality: Chinese-Capital: Pesos 9,000.00-Capital conb-i· bttted by each l)al·tue,·: Tan Tuck, Pesos 3,000.00; Ng King Woo, Pesos 3,000.00; Chan Suy Kok, Pesos a,OOO.OO-Manage)·; Tan 'l'ek. TAN VINGCEN & COMPANY Head O/lice : 246 Carvajal, Manila-Registej'ed: January 12, 1937-Te)·m.: Five years, beginning January 2, 1937-8118i1/688: Money Exchange-Nationality: Chinese-Capital: Pesos 10,000.00-Capita./ cOl/tribnted by each 7)al·tner: Tan Vingcen, Peso ~ 5,000.00; Tan Dit Seng, Pesos 5,OOO.00-Manager: Tan Vingcen. TAPt-AN SURIGAO GOLD MINE, INC. Head Office 130 1'01, H. del Pilar, Ermita, Manila -Regi8teJ'ed: October 30, 1936-Tenn; 50 years-
811Shl6l1s: Mining, Millin'g, Exploring, Concentrating, Converting, Smelting, Treating, Preparing fOI· Market, Manufacturing, Buying, Selling, Exchanging an'd Otherwise Producing nnd Dea ling in Gold, Silvel', Copper, Lead, Zinc, Iron, Brass, Steel and all Kinds of Ores, Metals and Minerals, etc.-Nationality: Filipino-Capital. Stock: Pesos 1,500,000.00 divided into 15.000,000 shares of the par value of Pesos 0.10 each-Snb8c'·ibed Capital: 300,000.00Ca1)ital Paid: Pesos 75,000.00-h/.corporato'·8 a'ld Director8: Francisco Soriano, Rosario de Soriano, Benjamin Jalandon i. Pnz L. de J alandoni, Jose So· riano, Manuela de Soriano, Fe Montinola. Caridnd l\fontinola, Belen Soriano, Hector Soriano, J esus So· r inno, Jesus Jalandoni, Venancio Jalandoni. R omero J. Soriano and Ampnro Soriano. (Jose Soriano, Jesus Jalnndoni, Hector Soriano, Amparo Soriano, and Vennncio Jalandoni arc directors only)-Trea8lire,·: Benjamin Jalandoni, Manila. TAY YER, INCORPORATED HeRd Officr: 133 Gral. Solano, San Miguel. M"anila-Regislcl'etl: September 19, 193G-Term: 5 yearS-Blt8il/e88: To Engage in, Operate, Conduct. and :M nintain' the Business of Mnnufn.cturin~, Buy*
PHILIPPINES ing. Selling, Impol'ting, Exporting or Otherwise Dealing in, in Wholesale or Retail Quantities of DryGoods, Fancy-Goods, Clothes, Tl'immings, Millinery Goods, Hosiery. Underwear and of all kinds and Description of Goods, Mer chandise, Ware, Commodities and Native Product s-Nationality: Filipino-CaJ'ital Stock: Pesos 30,000.00 divided into 300 shares of the par value of Pesos 100.00 each-Subscribed and Paid Capital: Pesos 30,OOO.OO-lncorp01'ators a1!d Directors: T y Kong Tin, Leon Tan Kok Bun, Francis eu Unjieng, eu Ching Yan ang Pablo Gui(l ote--Tl'caslt1'u: Leon Tnn Kok Bun, 133 Grs\. SolAno, Manila. THE TAYABAS SEA PRODUCTS INC. Head Office : 758 Legarda, M,mila- Regislcled: Novemb~r 26, 1935--Tel'm: 50 ye~I'S--BlfSiness: 1'0
Own Mal'ine Concessions, to Explore, Develop ~!nci. Exploit Marine Resou rces, to Make, Ent~r Into, Perform and Carry Out Contracts for the Development and Exploitation of Marine ~esources, etc-Nationality: Filipino--Capital Stock.;' P esos 2,000.00 divided into 100 shares of the pal' value of Pesos 20.00 each-Sl(bscribed and Paid Cctllit'i.t: Pesos 2,000.00Incol-pomtoJ"s and Directors: Po\·firia de Consing, Ana Consing, Hiroshi Abe, Adela~da Quintana and Alejandl'a Quintana-TI't'us!frer: Hiroshi Abe, Manila, P. I. TEE GUAN & COMPANY Head Office: Folgueras No. 836, Manila-Registered: June 9, 1936-Tel'm: Three years, from January 5, 1935·-B'IIsiness: Tobacco MerchantsNationality: Chinese-Capital: Pesos 21,000,00Capital cont1-ibltted by each 1Ja?·tner:-Tee Guan, Pesos 3,000.00; Go Oh E. Pesos 3,000.00; Que Hua Chiong, Pesos 3,000,00; Lim Gong, Pesos 3,000.00; Chua Chin Hong, Pesos 3,000.00; Tan Liong, Pesos 3,000.00; Tan Kiu, Pesos 3,000.00- Mallag el·: Tee Guan. TERESA LIME FACTORY, INC. Head Office: 154 Villalobos, Quiapo, ManilaRegistel'cd: March 25, 1936--Ter'm: 50 years--Business : Manufacture, Sale and Purchase of Lime, Tiles and Bricks ; to Acquire, Construct, Maintain and Operate Mills, Works, Machinery and Applif.nces which may be Used in the Manufacture of Lime, Tiles and Bricks, etc.-Nationality: FilipinO-Cr..pital Stock: Pesos 20,000.00 divided into 800 shares of the par value of Pesos 25.00 eaeh-Subse, ibed
483
Capital: Pesos 6,575.00-CuJJitaL Paid: Pesos 1,700.00; Cash.: Pesos 1,440.00; Property: 260.00-lncorporurol'S and Directol's: Anastacio Monson, Leon Laft'ades, Pia Monson, Manuel Gonzales, Bernabc VilIapando, B. M. Villapando and Anacleto p, c!~ Guzman-TJ'eas/t1'6/': Pia Monson, 321 Padre Raua, Manila.
THE TEXAS COMPANY (PHILIPPINE ISLANDS), INC. Head Office: Manila-BI'allches: Cd:'t, and Iloilo, p, I.-Nat-ioJ/ality: Amcl'ican-Busines:;: Petroleum Products; Gasoline, Kel'osene, Lt.;bri('ants, Greases, Asphalts-TeleUI'UIJh: "Texaco"-Ba-nk f(ejcrrntce: National Cit)' Bank of t~ew YOl·\(. THEATRES SLIDE & ADVERTISING CORP . Head Office: Manila, Philippines-Registered: September 3, 1936-Tel'1n: 50 years-Bllsiness: To Conduct a Cinematograph Slide Advertising and all Other Kinds of Advel·tising Throughout the Philippine Isl ands-Nationality: Filipino--Capital Stock: Pesos 500.00 divided into 50 shares of the par value of Pesos 10.00 eaeh-Sllbscl'ibed o.)ld Paid Capital: Pesos 500.00-lncol"I'Oratol·s alld Dil'ectol's: Guillermo Garcia Bosque, H. L Harries, M, H , Harries, Gualberto M. Sia, Fermin F. Mendoza and Arturo de Leon-Treas/ln!l': M. H, HalTics, 300 Dewey Boulevard, l\Ianiia. THEATRE SUPPLY CORPORATIO N Head Office: Manila-Nutio1!ality: Filipino-Business: Cinema Operators; 01)el'o.ti1lY: Topside Cine, Corregidor; Bottomside Cine, COl'l'egidor; Post Theatre, Nichol s Field; Cine Gen, McArthur, Ft. Stotsenburg; Post Theatre, Cuartel de Espana; Cine y, M. C. A., Ft. McKinley; Cine Rizal, Dagupan, Pangasinan; Cine Malolos, Malolos, Bulacan; Cine San Fernando, San F ernando, Pamp.; Cine Tariac, Tarlac, Tarlac; Cine Goldfields, Antamok, Baguio; Cine Larap, Lamp, Camarines Norte--Capito.l: Pesos 85,000.00 in 2500 Shares of Pesos 10.00 eachPl'incipals.o Guillermo Garcia Bosque, President; Dil'ectol's: Antonio de la Riva; Jose L. Fernandez, Vice President; Miguel Fernandez; Fermin F. Mendoza, Treasurer-TeleUI'Cl1Jk: "Theatres"-Ball1.· Referellce: Phil ippine TI'ust COI·poration . TIDE WATER ASSOCIATED OIL CO. He ad Office: 17 Battery Place, New YOl'kBl'a1!ch Office: Cebu, Legaspi, Iloilo ; Fifth FloOl' of the S. J, Wilson Bldg., 143 Juan Luna, l\Ianila, P. 1.
THE COMMERCIAL
484
&
- Nationality: American - BWnne8$: Production, Manufacture & Marketing of Petroleum ProductsTelegraph: "Assocod iol"-Merger of: Associated Oil Company with the Tide Water Oil Company and the Tid(l Water Associated Oil Compa ny, Effective Feb· ru ary 1, 1937-Codes Used: Acme, Private. TIGB r EXPLORATION CO., INC. Head Office: 6th Floor, S. J. Wilson Building, 139-143 J uan Luna, Manila-Mine Location: Mamhulao, Camarines NOl'te-B1(8ines8: Mine Operators -Principals: Harry Naftaly, President, Louis Mazur, Vice-President, B. H. Silen, Secretary-Authol'ized Capital: Pesos 350,000.00-Paiti-in Capital: Pesos 158,OaO.00-Par Value of Sha,·es: Pesos 0.10Bank R eference: Peoples Ba nk & Trus t. Company.
INOUSTRIAL MANUAL C(I1}ital: Pesos 6,000.00-Incorporators and Direot,... ors: E. M. Bachrach, F. de la Cantera, A. M. Rosado, E. Massip and O. M. Shuman-Treasurer: F. de la Can tera, Manila, P . 1. TIMOTEO ROTE & COMPANY H ead Office: No. 387 Echague St., Quiapo, Manila-Regi8tered: June 28, 1935-Busi,t8S8: Buy and sell different articles of America, J apan, China and local-Nationality: Chinese--Capital: Pesos 10,000.OO-Capital cont·ributed by eack 1)a1·tner: Timoteo Rote, Pesos 6.000.00; Ko Ban, Pesos 4,000.00.
T!NAGO CONSOLIDATED MINES, IN C. Head Office: Tinago, Mashate-Mam'la Office: 97 Cri!itohal-·Bf!RinesR,' Mining-P rincipals: L. R. Nielson, President; S. J. Wilson, 1st Vicc·Presient ; I. . J . Coote, 2nd Vice-President; Juan Nabong and George Scholey. Directors-Authorized Capital : Pesos 1,000,000.00- Paid-in C(~1}ital,' Pesos 450,000.OO-Par Vallie of Share8: Pesos o.IO-Telegraph: Nieco-Bank R efere1lt:t: Hongkong & Shan~hai Bank,ing t')orporation.
TILES & TERRAZO MANUFACTURING CO. Head Office: 324 Perez Samanillo Bldg., Manila -Registered: April 5, 1935-Term: 50 year s-Business: Manufactul'ers of Concrete Pipes and Other Tubular Bodies, etc.-Na~onality: Fil ipinG-Capita/ Stock: Pesos 30,000.00 divided into 600 shares of the par value of Pesos 50.00 each-Subscribed and Paid
\
\
TIDE WATER ASSOCIATED OIL COMPANY PRODUCERS-MANUFACTURERS-MARKETER S OF
PETROLEUM PRODUCTS
MANILA
CEBU
ILOILO
LEGASPI
PHILIPPINES
485
TINAGO MINES, INC. Head Of/ice: 601 Escoita, Manila-Registered: June 26, 1935-TeI"m: 50 years-Busines8'- Mining, Placer Mining, Milling, Concentrating, Converting, Smelting, Treating, Preparing for market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel, Limestone, Chromium, Manganese, and all kinds of Ores, J'l.iewls and Minerals, etc.-Nationality.- American-Capital Stock: Pesos 1,000.00 divided into 10,000 shares of the pHI" value of Pesos 0.10 each-Subscl-ibed and Paid Capital: Pesos 1,OOO.OO-htcorporato1's ami Di,'ectol's : T. T. Gerenger, G. H. Burr, L. J. Coote, W. D. Clifford and S. F. Wittouck- T1'ea8urel': W. C. Clifford, Manila, P. I.
Twenty (20) years from August 3D, 1937-Busine88: To buy, sell and deal in merchandise, etc.-Capital-: P10,0.;0.00- Capital contributed by each paTtltt~l': Tiu Tuan, P5,000.00; Ong Kun, P5,000.00-Manager: Tiu Tuan.
TINAGO TAPIOCA COMPANY, INC. Head Office: 712 Insular Life Bldg., ManilaRegistered: July 9, 1936-Term: 50 years-Bu8ine88: Agricultural products or by-products; Marketing, Buying, Selling, Exchanging; Manufactured Agricultural Products, etc.- Nut-ionality: FilipinoCa;pital Stock: Pesos 40,000.00 divided into 4,000 shares of the par value of Pesos 10.00 each-Subscribed and Paid Capital: Pesos 20,OOO.00-lncoT"porators and Di,·ectorB: Barthold Fexer, Paul Richter, Oscar Fader, A. Gabler Gumbert and Pablo V. Jose -Trea81u·er: Paul Richter, Majaba , Catbaiogan, Samar.
E. E. TaBES & COMPANY, INC. Head Office: 2nd Floor, Uy Yet Building, 217 Dasmarii'ias, Manila, P. I.-BJ·a1~ch: Bacolod, Negros Occidental, P.L; Iloilo, P.I.-Na.tionality: FilipinoBusiness: General Merchants; Merchandise Brokers; Promotion Managers; Genera! Agents and Stock Brokers-Established: 1935 in Bacolod; 1936 in Manila; 1937 in Iloilo-P·rincipals.· E. E. Tobes, ManagC)", H. 1. Young, Member, Rafael Poblete, Member, Augusto Poblete, Member, Jesus A. P. Julao, Member-At~thol"ized Capital: Pesos 50,OOO.00- Paid-in CU7Jital: Pesos 12,500.00- Telegt·aph AddTess: Etobes- Bank References: Philippine National Bank, Manila; Tloilo and Bacolod .
TINGA GOLD MINING COMPANY Head Office: Arias Bldg., Manila-Registered: November 12, 1935- Tel·m: 50 years-Busine88: Milling, Concentrating, Converting, Smelting, Treating, Preparing for Market, Manufacturing, Buying, Selling, Exchanging, and otherwise producing and dealing in Gold, Silver, Copper, Lead, Zinc, Platinum, Brass, Iron, and all other kinds of Ores, Metals and Minerals, etc.-Nationality: American-Capital Stock: Pesos 600,000.00 divided into 6,000,000 shares of the par value of Pesos 0.10 each -SubscI·ibcd and Paid Cal1ital: P esos 000,000 .00; Ca8h: Pesos 500.00; Mini11U Claims: Pesos 599,600.OO;-Incl)r}/o)·atol"s and Vil·ectol·s: Elmer Madsen , P. D. Carman, W. C. Gulick, Wm. Burke, Jr., and John R. McFie, Jr.-Treaslu·er: P. D. Carman, San Juan, Rizal. TID TUAN Y ONG KUN Head Ofiice: 237 Rosario, Manila.-Registered: October 7, 1937·-Nati01Jality: Chinese-Term.:
TIONGCO INVESTMENT COMPANY, INC. Head Office: Manila, Philippines-RegisteJ·ed: December 9, 1936--Term8: 60 years-Bu8iness: Invcstments-Nah·onalitll: Filipino--Ca-pital Stock: Pesos 350,000.00 divided into 350,000 shares of the par value of Pesos 1.00 each-Subscl"ibed and Paid Capital: Pesos 70,OOO.00-Incorporators: Fc.lix Z. Tiongco, Phyllis M. Tiongco, Leonardo Z. Tiongco, Adelaida Z. Tiongco aILd Paz Z. Tiongco.
This business was c.> stablished early in 1935 in Bacolod and the agency in Manila established in 1936 and as the business in Manila developed l·apidly, it was decided t.o incorporate with capital stock of Pesos 50,000.00, which was carried into effect as of July 8th, 1937, with Mr. E. E. Tobes remaining at the head of the company. TOLEDO GOLD MINES ASSOCIATION Head Office: Fel'nandez Building, Room 203, T. Pinpin, No. 124, Manila, P. O. Box 862-Nationality: Filipino-Capital: Pesos 300,000.00 Divided into 3,000 Units of Pesos 100.00 each-Ol·ganize,·s: Nicolas Rafols, Juan L. Ledesma, Ruperto Montinola, Camilo Osias, Maximino Noel, Vicente R. Barros, Dr. Emilio Osmena, Jose Avila, Dominador Ambrosio, Bernardo Sison-BatIk Reference: Philippine National Bank.
486
THE COMMERCIAL & INDUSTRIAL MANUAL
The town of Toledo, Province of eehu, is immensely rich in minerals. Vast deposits of petroleum, coal, lead and manganese have been discovered. But above all, the most promising one is the discovery of quartz ores which carry high values of gold. Dr. Leopolda A. Faustino in his work entitl~d "The Mineral R'esolJl'ces of the Philippi:rte I slands" confirms that tlie Toledo district of Ccbu is one of the important gold districts of this country. One of the barrios of the town of Toledo is called Pogo This is a local word rncaning Gold. Fl'Orn time immemorial, the people of this region have been panning gol d from the Ilag river whose source starts "from the banio of Pog and from the Himulawan 01' Sapang Daku river. The main object of the Toledo Gold Mine Association is to make a\ extensive exploration and development of the above-named mining claims. It is the purpose of this Association to invite the cooperation of all pel'sons and en tities who have the ambition to improve their lot. Investing money in the exploitation of these mining claims in Toledo is not a blind venture but a safe undertaking. On the basis of the exploration work that has been done in these claims, the Association is confident of success. PROPERTIES OF THE ASSOCIATIO~-
At present, we have 22 mining claims in the barrio of Pog in blocks of 9 hectares each. We .have had careful studies made and the following tl;lble shows the results of the assal'S made by the Bureau of Science of the samples taken from some of these claims. S ITE No. I
Report of ann.lysis made by the Bureau of Science 011 July 26, 1935, per metric ton . P 3.99 Report of analysis made by the Bureau of Science on December 9, 1935, per metric ton . . _ . . . 19.00 Report of analysis made by the Bureau of Science on December 21, 1935, per metric ton . 19.27 Report of analysis made by the Bureau of Science on January 11, 1935, per metric ton . . . . . . 22.99 Report of analysis made by the Bureau of Science on January 27, 1936, per metric ton . 12.63
SITE No. II (OUTCROP)
Report of anaysis made by the Bureau of Science on January 27, 1936, per metric ton . . . . . . . . . . . . . . . P .66 SITE No. IV (OUTCRO?) Report of analysis made by the Bureau of Science on February 3, 1936, metric ton . . . . . . . . . . . . . 15.95 (SITE No. IV (OUTCROP) Report of analysis made by the Bureau of Science on February 3, 1936, metric ton . . . . . . . . . . 3.23 The quartz Ol'e which is found in Site No.1 is compact, resistant and with a bluish color. It resembles the ores taken from the mining properties of the Benguet Consolidated Mining Company and the Balatoc Mining Company at Benguet. ACCESSIBILITY AND ADVANTAGE OF THE CLAIMS.-
The location of these mining claims in Toledo has the adva.ntage over the great majority of the mining properties because of its close proximity to the Cebu·Toledo provincial road. In same places the road passes over some of the claims. On the east side of these claims, there is a waterfall ane by utilizing its power, it will become of immense value in the development of the mining claims. Moreover, within these claims are found extensive deposits of coal which may eventuall y be utilized as cheap fuel when development work is in his Geology alld Mineral Resources 0/ the Philippines (P. 374) states that "!:lir coking coals have been found at ...... Toledo, Cebu." TOMAS VELEZ & COMPANY Head Office: 550-52 T. Pinpin, Manila-Reuistel'ero: August 29, 1936-Tcrm: Thl'ee years from August 27, 1936-B1t8i1t688: Dry Goods-Natu)1la.l~ ity: Filipino-C~ital: Pesos 15,000.00-Capital COlttributed by each l1artner: Tomas Velez, Pesos 3,000 .• 00, Lao Hian Tong, Pesos 3,000.00, Dy Am, Pesos 3,000.00, Chu Eng Guon, Pesos 3.000.00 Lim Cho, Pesos a,OOO.OO-Manager: Tomas Velez. TOP THEATRE COMPANY Head Of/icc: Misamis. Occidental MisamisRegistered: October 13, 1937-N«tioJlalitll: Chine!''! -Business: To operate and exhibit cinematograph shows, silent and talkies-Capital St(ICk: P20,000.{iU divided into 200 shares of the par value of PIOn.OO each-Sllbllcribed Capital: 1'12,OOO.OO-Capiwl Paid. P6,000.00-1Ilcol'pomtors: Juan Sih E. Boan, Que Betic, Go Tong, Chu Sirt Tan and Sy Phau SRY.
PHILIPPINES TORCH PUBLISHING COMPANY Head Office: 1873 AzC81'raga, Maniia,-Regis. tered: March 4, 1935-Term: 60 years-Business: To Print, Publish, Bind, and Buy. Sell and Deal in Books, Papers, Magazines, Periodicals, and Advertising and Printed MattiaI' of all kinds, etc.-Nationality: Filipino-Capital Stock: P esos 40,000.00 divided into 400 shares of the par value of Pesos 100.00 each-S1tbscdbed Capital: Pesos 22 ,lOO.OO-Capital Paid: Pesos 6,500.00-Incol路porators and Directors: Jose I. Baiuyot, Luz N. Baluyot, Paz N. Baluyot, Moises M. Santos and Moises E. Villanueva-Treas1wcr: Moises M. Santos, 4 John st., Malabon, Rizal. TORIBIO TEODORO Head Office: Ave. Rizal Ext., CaloocanB1'anches: Cebu and Iloilo, P.L-Nationality: Filipino--Business: Shoe Manufacturer-Established: I9l0-Sole Proprietors ip owned by Toribio Teodoro-ln-vestRd Capital: Pe!sos 1,OOO,OOO.00-Telegraph: "Angtibay"-Codes: Tanners; Council Edition: Universal Trade; Bentleys-Bank Reference: Philippine Trllst Company; Philippine National Bank.
-
487
Mr. Toribio Teodoro was born on a farm whel路e from e!arly childhood he assistcd with the! family occupation by attending carabaos for his father. When twelve years of age he was appre!nticed to a cigar manufacturel', but later changed his trade to slipper making, out of which experience he, together with a co-worker, established the Ang Tibay in 1910. The business was started with a capital of Pesos 210.00 the entire! savings of the youthful proprie!tors from many long years of apprenticeship. Through several years the small enterprise struggled and prospere!d only by the natural business genius and hardworking dforts of the partners. The enterprise then completely acquired by Mr. Teodoro, and had a rapid riSe! and in 1927 shoe manufacturing was added to that of slipper making. Today, Ang Tibay is one of the Jeading footwear factories in the Orient, and its proprietor regarded as one of the outstanding business men in the Far East. TRANCOVILLE, INC. Head Office: Baguio, P. I.-Registered: June 30, 1936-TeMn: 50 years-Business: To build and operate houses to be used exclusively by the members
- - WHOLESALE ONLY -
--
TRANS-PACIFIC TRADING Co. IMPORTERS Manufactttrers' Direct Nepresentatives.
"Durkee" Famous Foods~ and Spices "Ligo" and "Val Vita", Canned Fruits & Vegetables "Kerr" Pure Cider Vinegar, Pickles, Grape Juice "Milani" Famous "Chef" Prepared Macaroni , etc. "MASTER LOCKS" The strongest Padlock in the World
KRUEGER'S FINEST BEER, MAIN OFFICE
MANILA, P . I.
in
Keg. lined cans.
P. O. Box 497
4BB
THE COMMERC IAL & INDUSTRIAL MANUAL
hereof and their families, to" establish recreation centers and to operate the same for the convenience of the members, etc.-Nationality.- FiJipino-Ca,1Jital Stock: Pesos 10,000.00 divided into 10,000 shares of the par value of Pesos 1.00 each-Suhscribed Capital: P esos 2,775.00-Ctlipital Paid: Pesos 710.00hlC()!'POI'{ttOl'S and D il'ectol's: R. Zara, A. Austria, F. Landicho and H. Curtis. (F. Ream, is a director only) and (C. Aquino, A. Alejandro and E. Estacio, £Ire incorporators on ly )-Treasw'cJ': F. Ream, Baguio, Philippines.
TRANS-PACIFIC TRADING COM PANY Head Of/ice: 124 Pinpin, Mnnila-Natiomtlity: American- Business: Importers and Expol'tersEstablish ed: 1933--Principals: C. M. McCord, Gen· eral Manager, J, D, CcCord, G, T, Herrman, H, J , Belden, C, H, Sleeper, G, M, Ivol'y-Agencies-The Gli'daen Co" Clevelan'd; Durkee Famous Foods, Inc" New York; The Mastel' Lock Company-Telegraph. Add)'ess: Tranp-Bank Rcfe)'e/!ce: Hongkong and Shanghai Banking Corporation, TRE'.A-'SURE I SLAND MINlfNG COMPANY . Head Office: 402 China Bank Bldg., ManilaR egistered: December 7, 1936 with the Bureau of Commercc-BlII!iness: To prombte, organ ize, operate and /0 1' manage mining enterprises, to purchase and sell mining stocks, securities and / 01' properties.Auth o/'izcd Capital: 2,500 shares no pal' valueS!t/)scl'ibed Capitnl: P2,500.00-Puid-in Capital: 112,500.00- Dil'cCt01·S allll I'l1C01'P01'utO)'s: Walter Robb, Tomas Comesor, Sam S, Feldman, Vicente I-I. Haleco, ,Jaime M, Reyes, TRINIDAD, CELESTE & Cm,.lPANY Head Office: YsmaeJ Building, ]01 Echague, Manila, P. I.-Nationality: Filipino---Bl!siness: Stock and Bond Brokers-Est(lblished: March 1, 1937- Co partnership-Munnoino Partnel': Anselmo Tl'inidad- Petid-iJ! CU1}ital: Pesos 225,000,00-Teleyr(J,l}l!: "Trinidad"-BallJ.- Refe/'ellce.- Philippine National Bank. TRINIDAD GARAGE TRANSPORTATION , INC. Head Office: Baguio---Reoistered.- September 25, 1935-TerJlt : 50 years-B1Isiness.- Transportation of FI'eight and Passengers-Nationality: FilipinoCal}ital Stock: Pesos 100,000,00 divided into ]0,000 shares of the par value of Pesos 10,00 each-SubsM·ibad ulId Paid Capital: Pesos 44,200.00-hlcorpo)'(~IOJ'S fnul Direotol's: Moises E, Moises, Salim Ac-
l,ad, Mauhaiber Kairuz, Salvadol' Barrios and Josefa Lim-T)'cusw'er: Salim Ackad, Bnguio, P,'ovineiu Montanosa, TR IP LE PEAK MINING COMPANY Head Office: 1570 Arellano Avenue, ManilaRegistel'eli: July 30, 1936-T6)·m.- 50 yen ,'s-BuBi. lIe8S: Mining Cla ims or Rights Already Located and Registered, to Explore, Develop and Exploit the Same; to Sell and enter into Contract Regarding mines, dc.-Nationality: Filipino-Cn.pital Stock: Pesos 40,000,00 divided into 400,000 shares of the PIli' value of Pesos 0.10 euch-Subscribed Capiral.- Pesos 9,500,00-Capital Paid: Pesos 3,100,00-lncoJ'I}Ol"fI.e01·S ami Dh'ectorS: Don D. Casitas Dime, Ramon Villareal and Josefina Lopez, (Vicente del Rosario and Mercedes Valero, are incorporators only) and (CQncepcion Abella and Juan Villanueva, are directol's only)-Treas!{J'e/": Don D. Casitas Diaz, 904 Wright Manila. TROCADERO, INCORPORATED 1(ead Office: Top of the St..ute Bldg" lUanila-Registcl'e(L.- .July 7, i93G-Term: 50 yea!"!; -BlfSille8: General Restaurant, Bar, and Entertain ment Business Throughout the Philippine Islands, etc.-]\fu.tiollulity: Filipino-Ca,n'tal Stock: Pesos 25,000.00 divided into 250 shares of the pal' value of Pesos 100,00 {!fl.ch-Subsc/'ibed Ca7,ital: Pesos 5,000.00-Capital Pnid: Pesos 1,500.00-17lcorpo. ratol's and Directo)'s: George Joseph, John Joseph, Perfecto Diaz, Anastacio Teodoro a nd Alfredo Klli,'uz-Tl'easltl"el': Pel'feeto Diaz, San Dionisio. Paranaque. 'rROP ICAL MTNES, INC. Head Office: l\1aniJa-Rcgiste)'ed' August 27th, t937-Allthm';zed Capital: 1,600 Shares (no Value dec1arcdJ-Sllbllcl'ibed Capital.: Pesos 8,000.00Paid-in Cnpifaf.- Pesos 3,500.00, 'J'RY·TRAN T£ODORO R. Y,\NC:CO H ead Office: 421 l\'I uelle de la Indus tl'ia, Mani. In-Branches: Coconut Plantations, Dimasalang,
Masbaw; Rice I\dll , Gacgao Mill, San Antonio, Zambales-Shippi7lg Li1lt's: Cavite, Guagun, Bataan8'11sin6s8: Land and W::ter Tr:l.nsportation. C, TUASO N E HIJOS, I NC. H ead Of.fice: 1l 71-1l8~ Agno, :'\1nlate, Manila _ NatiOJmlity: Filipino---BlI8illells: Manufacturcn
PHILIPPINES of Jl..1Ryon Stoves, Tiles, Gutters, Pipes, Baiausters, etc. (of cemen~)--E8tabli8hed: 1921-Principttls:. Ciriaco Tuason', President, Manager and Din!ctor;
and Florencia Gatdula de Tuu!'ion, Amparo TURson de Donato, Ramon C. Donato, and Zacarias Cl"istobal (Partners and Directors)-A1tthol'ized al!d Paidin Capital: Pesos 500,OO(\.OO-PU1路 Valul' of Shares: Pesos lOO.OO- ,.4ntU!al 1'1t17Wller: Pesos 350,000.00ReseNJe: Pesos 30,OOO.OO-Telegl'uph Address: Cituason- Ba1lk Reference: Philippine National Bank. C. TU8san e Hijos, Inc., manufacturers of the Mayon Stoves and tiles, the only concern of its kind in the Island;; todcy. Induced by a strong to help Filipinize local Industries and Commerce, The C. Tuason 6 Hijos, Inc. founded the factory of the Mayon Stoves, with its central office at the same street. After the first few years of difficulties and of continuous grind, the firm was, so to speak on its feet. The old machineries were l'eplaced by modern sets for the production not only of stoves and tiles, but ~o of similar products such as cement pipes, mosaics, bricks, canals, marble blocks and stairs, and other articles of cement. In the years following the introduction of the new machinery the annual production of the factory increased. While the factory was expanding, special attention was given by the management to the perfection of the methods and the workmanship of the various articles turned out. 1lhe production of the now well-konwn Mayon Stoves needs more than passing comment. It was that desire of C. Tuason e Bijos, Inc. to minimize as much as possible the dcpendence of the country upon foreign countries for her primary needs that urged him on to invent a smokeless stove. This was accomplished after years of patient work. Perhaps thE're is no better guarantee of the excellency of the smokeless stove, which the C. Tuason e Rijos, Inc. called Mayon, than the issuance by the Washington D. C. Patent OffiCle of a Patertt for the invention, No. 1706943, and the subsequent registration of the patent with the Bureau of Commerce nndcr No. 9536. Also testimonials to the High Quality and Merit of this stove are the various gold medals and diplomas which have been awarded to the manufacturers in connection with commercial expositions such as the Manila Carnival and similar industrial exhibitions. Actually, Mayon Stoves are being used in various hospitals in the city and in the provinces by asylums, schools and colleges off~ring courses in desil'~
489
domestic science, in convents, in provincial prisons and in various other government-operated institutions. C. - Tuason e Hijos, Inc. produces many other products. Thore is for instance the Brillo Floor Wax, which is a rccognized complement for TU3.son tiles and other cement works. Brillo Floor Wax has been pI'oven the match of the best imported wax now in the local market. It has the double advantage of luster and wear-or you might call it, lastin~ wear. It is the best :\vailable wax for t ile floors. Another important department of the C. Tuason e Hijo~, Inc. is thc manufacture of various r.ulinary products, derived from rice, corn and othel' ~ercals such as the Rinaroz, Rinagkil;, Rimaiz flours and other f10llr product~ which are very 90p1..&lar with the housewive!'i for the preparation of cookies. biscuits, and such delicacie!'i. TUASON REALTY, IN CORPO RATED Head Of/ice: Filipir:as Building, Plaza Moraga, Manila- Registm'ed: April 4, 1936-Te1'1n: 10 years -B1Isiness; General Re&ltors, etc.-Nationality: Filipino---C!,-pital Stock: P esos 1,500,000.00 divided into 15,000 shares of the par value of Pesos 100.00
I
Trinidad, Celeste & Co. Ysmael Building, 101 Echague, Manila, Philippines
STOCK AND BOND BROKERS
ANSELMO TR1 NIDAD,
Managing-Partller
TeLegraph Add,us:
" TRINIDAD", Manila
490
THE COMMERCIAL & INDUSTRIAL MANUAL
C!8ch-S!lbscribed and Paid Capital: Pesos 750,000 .• 00 j -l llcoJ'porators: Carolba Tunsen de Zaragoza, Salvador Zaragoza, Juan M. Tuason, Ana Tunson Vdu. de Valdes, J esus M. Tunsan, Manuel N. Tua so ~ and Gonzalo Valdes Tunson ; Officers : President and Manager, Dr. Manuel N. Tunson; Vice-President, Mr. Juan M. Tunson; Treasurer, Mr. Salvador Zaragoza; Secretary, Mr. Ramon H. D avila; Dil"ector8 : Mr. Jesus M. T unson and Mr. Gonzalo Valdes Tunson. TUBAN MINING COMPA NY Head Office: Insular Life Building, ManilaNationality." Amel'ican-B1tsins88: :M ining-Estabfished; Augu st 2(;, 1935-Antho)'ized Ca.pital: Pesos lOO,OOO.OO- Paid-in CU1Jital.- Pesos 73,537.00-PCL1' Vallie 0/ Shares: Pesos 1.00-Di,'ectors,' J , J , Dun· bar, C, p, Hann, F\ N, BI'indJey, J, W, Fel"l"ier, C. A, Bauer, A, B, Gilman, and J, C, Whitaker-Bank Refel'ence : National City Bank of New York. L. p, TUELLS
Head Office: Crystal Arcade, Manila, p, L-Na· lionality: Filipino--Bllsine.s.s: Stock Broker-Established: October 1936-A utlt~'ized and Paid-in Capital: P esos 80,000,00-8allk \ R efel'e1!ce: Philippine National Bank; Bank of the 'l\hilippi ne Tslands, TU T TEE & COM PANY Head Office: No. 810 J abonel"os, Binondo, Man il a-Registel'cd: November 27, 1935-Tel'1It.' Five years from October 1, 1935- 8u.siness: Tea and Native P roducts _ Nationality: Chinese - Capital,' Pesos 6,000.00-Capital cOIlt/'ibuled by each. partner: Tui Tee, Pesos 3,000.00; Ng King Woo, Pesos 3,000,OO-Manage)': Tui Tee. TWIN RIVERS GO LD COl\I PANY, I NC. Head Office : 34. El Hogal' Filipino Bldg., Ma· nila-Registel'ed: July 10, 1936-Ttw1n: 50 yearsBlisiness: Mining, Milling, Concentrating, Converting, Smelting, Treating, PI'cparing for market, Manufacturing, Bu ying, Selling, Exchanging, and Otherwise producing and dealing in Gold, Silver, Copper, Lead Zinc, Brass, Tron, Steel and all kinds of Ores, Metals and Minerals etc.-Natio1!ality: FilipinoCa7Jital Stock: P esos 1,000,000,00 divided into 10,000,000 shares of the PU I' value of P esos 0.10 each--Sub· sCI'ibed Capital: P esos 500,000 .00- Ca1)itat Paid: Pesos 125,000.00-lncorporatol's atld DirectQ1's: Vicente Al danese, Tomas del Rio, B. H. Berkenkotter, Carlos de Qteyza, Juan Carrer o, Manuel Camus, Santiago F reixas, Dionisio Leguinn , Benigno del Rio and Ra-
fael Moreno, (D ionisio Leguina, Benigno del Rio and Rafael Moreno, are incorporators only)-Treasurol': Carlos de Oteyza, Manila. TWIN RIVERS PLACER MINES Head Office: 402 Masonic Tenlple, Manila-Registel'ed: November 14, 1935-Tel'm: 50 yeal'sBZ{8i1less: Mines in General, to Acquire Lands Containing Mineral Deposits, by Purchase, Lea se or Otherwise, etc, - Nationality,' Filipino - Capital S tock: Pesos 70,000,00 divided into 70,000 shares of the par value of P esos 1.00 each-Sll bscribed Capital: Pesos 17,500.00-Capital Poid: Pesos 4,375.00- / llCOl·porators and Directors: Tomas del R io, Manuel Camus, Vicente Aldanese, Cad os Ote),za and Benigno del Ri o - T I'OOSIO'el': Tomas del Ri o, 2840 Taft A venue, Manila, UN ION CHROMITE MINING CO., INC, H ead Office: Manila- Antfrol-izecl Capitol: P1 50,OOO.00- Pal' Vobte: PO.OI-Subscribed Cap· ital: P30,000.OO-Paid.iJ~ Ca,pitai: P7,500.00-Com. mission Pee,' 6'70 of the valu e of t he secul'ities a ctuaUy sold for cash. PI'ontot ioll Feo : 4 ':~ of the secu rities actuall y sold-Pet'mit to sell 6,000,000
C. TUASON E HlJOS, INC. 1174 /\8no,
M~lato:
p , O. Box 12SO-Tcls. 5,71-29, 5,47,68
M:lI1 ila MallujacfllTtrS
of
• rhe famous MA YON Stoves • cement TILES, Pl PES, GUTTERS, BALAUSTERS, erc. • granolirhic STEPS and SLABS • " BR1LLO " Floor Wax • Philippine Flours - RINAROZ, RlNAGKIT, RIMAIZ and RIMONGO
PHILIPPINES shares granted, Septt:!mber 8, 1937-Di,-ectors end IncQrporato/'s: Manuel Lim, President, Simon San路 tos, Vice-President; B. Gococo, DirQctor-Trcasurer; Ernesto Y. Sibal, Director; P. D. Sagun, Director. Commflnts of the Bunl4u
0/
MiM8:
In the report of B. R. Cuesta on the property of the Union Chromite Mining Co., h re., consisting of 260 chromitc mineral claims, located in the barrio of Labney, Mayantac, Tnriac, it appears that Chromite floats and loose pieces of chromite were found in a certain area. If the report of the mining engineer is to be given credit the vicinity in which the chromite floats were found may merit further prospecting but probably the opening of the a~O-meter tunnel as he recommends, may be premature. The opening of such tunnel will cost a great deal, more than P5,OOO.OO to P10,000.00 as estimated by the reporting engineer for such work. In view of the foregoing and the information given in report of A. D. Alvi r , this Offiee can not re~ commend any valuation on the 260 claims of the Union Chromite Mining Co., Inc., but it will have no objection to further prospecting of the property as recommended by Cuesta and Alvir.
Before permitting the above claims as assets of the Union Chromite Mining Co., Inc., it is re~ commended that the owners of the claims be required to present documents on which their titles on the claims are based, the survey plan of the claims, and affidavits to the effect that the same are free from conflicts, and arc not within any govcrnment reserve, and that by the purchase of the claims, the purchaser will not hold more than 450 hectares (60 full claims) in anyone province, or not more than 250 claims in all the provinces in the 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 said claims shall be leased under the provisions of the new Mining Laws (Commonwealth Act No. 137). Report on thc Pro)l'erty of Union Chromite Mining Co., Inc., SReos Group.
491
The first group is the only one much prospected and its possibilities are not overly good, judging from mixed composition of the lenses expos~d. The second group is now being prospected most at present and presents bettel' outlook, judging from the continuity of the pyroxenes therein al"fd the float found. No lens has as yet been uncovered although there is without doubt, some sort. of lens present. The third group has been slightly worked 011, as a lens is exposed in two places. The first, however, is a collection of pockets and mixed with serpentine and crysotile and the second is far too nsl'l"Ow. Recomtnendation.-The first and third groups should be forgotten, temporarily, at least, and work concentrated on the Union Group pl'ilYlsrily aug~ men ted with as much as possible on group two and the Macabadang group as the possibilities increase in that direction due to the fact that a large chromite deposit lies just. to the north west. on the Masinloc propert.y. Location and Acce8sibility_ The property is located at the barrio of Labne.y, municipalit.y of Mayantoc, Province of Tarlac, P. 1. These cJaim~
L. P. TUELLS MANILA, P. I. CRYSTAL ARCADE
STOCK BROKER
492
THE COMMERCIAL & I NDUSTRIAL MANUAL
are in the mountains almost due west of the city of Tarlac. It is at preseli't, reached hy road to Mayantoc, from Tarlac thence by trail southwest to the foot of the Mountains and thence west to the camp on the property line. The hiking time is about three hours and a ha lf or an estimated distances of fifteen 01' sixteen kilonH~ter s . The compa ny proposes to build a road from the property connecting to a proposed provincial road cast of it. This was reported by the company en'gineer as being approximately 25 kilometers of rondo Thus t.he property is not very accessi"'e at pre.;;cnt, nlthough the gl'R(iieu t is nearly a ll east and the county is not very much. Thus the roa.1 construction would not be different. Topography- The relief is not very great. The stream valleys are wide and the slopes' are not very steep ir! generlli. T'\,e country in general is composed of long ridges and swift litreams. Geology-The country rock is pyroxene, enstatite, peridotite, serpenti.ftc, crysotilc, a ndesite, diorite, gabro and basalts. Some resembling the amphibole wa'S a lso found. Cracks in the rocks along the river were filled with a flow consisting of large crys tals of angite in feldspar ground mass. The chromite depos its a'Ppeared to exist in more or less pnrallel lenses with north-east-southwest strikes within the pyroxene-peridotite belt extending from somewhat south-east to north-west. Facilit'ie8-Plenty of water is aV2.ilable on the property but timber is scarce except in spots.
Labor will have to be nearly a ll brought in from outside points-(Sgd.) W. H. ELROD, Mining E1Iginet'l·. UNION CI RCULATION CORPORATION Head Office: 3rd Floor Uy Yet Bldg., Manila -Registered: October 14, 1987-Nationa1itll: ArneI'· ican- BI/sinus: To carryon bus iness of news and magazines agents, promoters of newspapers and magazine circulation, etc.-Ca.pital Stock: 100 shares of stock of no par valua-Sub8cribed and Paid Capital: P500.00- f'tlt"or po)·ntol·s: E. M. Overton, Ralph M. Daugherty, William E. Daugherty, Jr .. Nativida d O. de Arellano and Eugenio G. Arzadon. UN ION COLLEGE OF MANILA H ead Office: P . O. Box No. 437, Manila-Regi8te7"ed: April I, 1936-NatiollalUll: Filipino-i1lcor p01'ato7"s and TrU8tee8: Isidoro Panlasigu i, Esteban T. Cruz, M. M. Decker, E. S. Lyons, J. L. Hooper, G. L. Abella, R . W. Widdoes, E. C. Sobrepei'ia, Casimiro Panajon and Maria L Dayoan- T1'easurer: J . L. Hooper, 709 Tennessee, r.lanila. UNION DE PANADEROS Y DULCEROS DE FILIPINAS H ead Office: 1400 Sande, Tondo, Manila-Registered: November 24, 1936-Term: 10 years-Nationality:
FiJipino-i1lcOrl)OratQrs
Mid
Director8:
Ciriaco Aduja, Rodolfo C. Cervantes, Pablo Silao, Juan Leonor. Gelasio CU81·esma, Juan U. de la Cruz, Godofredo Espejo, Pablo Micoy and Engracio Dul ay. (Raymundo Pambid , is an incorporator only) and
UNION FIRE, ACCIDENT & GENERAL INSURANCE COMPANY Balance Sheet for the Yeat Ending December 31st, 1936 ASSETS Stocks and Bonds ... Real Estau: .. Ca. h Security dcposited by the Conl l»' n\·. Cash on hand and in Banks... Agents Balances . . . Loans and Mongages .. PensIon Fund ....
LI ABILITIES $20.619,097.45 3.25i ,655.}O 158,nl.10 782.407.21 4,28},426.81 10.999.53 814,238.21
$29.920,$96,72
Capiul StQCk Paid Up... Untamed Premiums .. , ,.. , Pension Fund and Deposiu of Em plo"eel and Agents. , . . •.. Unpaid Losses ... Deposits as Guarantees Unpaid Cash Dh'idends Miscellancous Obligarions .. Premium Funds and Funds lor Cancelled PICmiums. . Surplus OVCf Capital and all othCf Liabilities
s l ,3)5,357·}O 5,421,189.00
1,4}9,269.}O 6.159,214.27 5),978.11 678,498.}8 2,'121.2]1.05 1,080,988.] 5 9.3JO.860.96 519.920.596.72
PHILIPPINES
493
(Juan Leonor, Gelasio Cuaresma. Godofredo Espejo, Pablo Micoy and Eng-racio Dulay, are directors only).
Pagaspas, Casiano T. Calalang, Josefa, Poblete, Mal'路 cela Lainez and Demetria Pujante--TreaBtt1"tlr: Josefa Poblete, Tanauan, Batangas.
UNION DISTRIBUTING CORPORATION H ead. Office: Manila, P. I.-Registered: August 22, 1936---TeT"ln: 50 years-B1tBiness: General Import, Export, Distributing Merchants-Nationality.American-Capital Stock: Pesos 500,000.00 divided into 5,000 shares of the par value of Pesos 100.00 each-Subscribed Capital: Pesos IOO,OOO.aO-Capital Paid: Pesos 25,600.00- incorpo)'atore and Directors: P. M. Bennett, R. M. Johnson, Charles Strait, A. V. Santiago and G. L. Filler-Treasurer; Chal'ies Strait, Soriano Bldg., Manila.
UNION INSURANCE SOCIETY OF CANTON, LTD. Head Office: Hongkong- Manila Office: Wise Building, 174 Juan Luna- Branches: In the Principal Cities of the World -Nati01Iality: BritishBusiness: All classes of Insurance except Life-Established : 1835- Puhlic Limited Company Incorporated in Hongkong-TeleOJ路apk: "Union"-E . R. Thomas, Branch Manager.
UNION FINANCE AND INVESTMENT CO., INC. Head Office: Tanauan, Batangas-Registered: March 2, 1936-Tcrm: 50 years-Business: Stocks, Bonds, Obligations, or Securities-Na.tionality: Filipino---Ca.pital Stock: Pesos 10,000.00 divided into
10,000 shares of the par value of Pesos 1.00 eachSubscribed Capital: Pesos 3.S00.00-Capital Paid: Pesos 950.00-Incorporators a1!d Directors: J. V.
UNION MANAGEMENT COMPANY. Head Office: 9 Plaza Moraga, Manila- Nationality: Filipino-ill/siness." Management of Mining Enterprises, Operative Contracts, Geological Investigations "Loans" and "FutuI'es" On Mining Stocks-Established: September 9, 1936-Authorized Capita!: Pesos 3,OOO,OOO.OO-Paid U7} Capital: Pesos 3,OOO,OOO.OO-Par Value of Shares.- Pesos 0.10Companies Undtn' Man40ement: Santa Rosa Mining Company; Zamhales Chromite Mining Company; Surigao de Oro, In c.-Telegraph: "U maco"-Prin-
UNION MANAGEMENT COMPANY Management of Mining Enterprises, Operative Contracts, Geological Investigations, ('Loans" and "FuGures" on Mining Stocks. Mining Companies under Management: 1.
I
S.-\NTA ROSA MINING COMPANY
2.
ZAMBALES
3.
SURIGAO DE ORO , INC.
CHROMITE
MINING
COMPANY
9 Plaza Moraga, Manila, P. 1.
THE COMMERCIAL
494
&
cipais: V. Singson Encarnacion, President, G. P. Nava, Vice-Pres. & Gen. Mgl', ; Salvador Al'uneta, Vice-Pres. & Legal Counsel; Sc-rafin P. Hilado, VicePres. & Jnv. l\'[nnagcr; P. Angulo, Treasurer-Ba.nk Reference: Philippine National Bank. UNION OBRERA CATANDUGUENA, INC. Head Office : Vi rae, Catanduanes, Albay, P. 1.Reg istered: Murch ~. 1935-Term: 25 years-Nationality: Fiiipino-lncOli)Omto1's and Directors;
INDUSTRIAL MANUAL F]ol'cncio A. Tacorda, Eusebio Tulion, Tcodulo B. Publico. Primo Panti, Brig-ida de VCl"a Rojas, Pedro Tacordu, Vicente A. Bagadiong, Mauricio Alden Jlnd F lorentino Aldea. (Mauricio Alden and F iorentino Alden Ul'e directors only) -TreatHtrel': Mauricio AIdca, ViI'ac, Albay. Catandual1Cs, Albay, P. 1 UNITED FILM DISTRIBUTORS, INC. Head Office: 105 Plaza Stn. Cruz, ManilaR egis tered: September 10, 1937-Nationality: Fili-
UNION MANAGEMENT COMPANY BaJance Sheet as of December 31st, 1936 ASSETS Current Assets: J> 9,591.99 Cash on Hand .. Philip~ine NatioBan c, a" ..... 719,024.61
LIABILITIES. CAPITAL, ETC.
)'728 ,606.60
Account Receivable Future. 324,96j 11 Miscellaneous.. . 1,237.90
326.20}.01
--'---
Advances to Employees. Dividends Receivable.. Fixed Assets: Office Equipment ........ . Furniture and Finures .. . De(erred Charges: Or,R:aniution Ex路 penses For Regist ration Fees, Etc. Documentary Stamps... ..
Current Liabilides: Accounts Payabk. .. Accrud Salaries. Acc rued In(Ome Tax ... Suspense ..
r 'I '
Capital : Capital
200.00 1'1 ,062,819.61 885.757.66 408.00 2,276.25
2,684.25
796.78
j>
1,868.92 1>
Miscel laneous ..
980.86 10.00
Auth-
oriud..
P3.000,OOO.OO
Unsubscrim:d Srock Cal?iul Stock: Subscribed. 1'3,000,000.00 Deduct - Subscription Receivable 1,095.145.00 1'1,904,852.00
21,842.}8
&;
1,926,6908 Pl ,956,833.59
'P1,956,833.59 Manila, February 1. 1937. MANUEL SAN J OSE, C",ift,,1 PIIMi, Aafllnlanl.
Loss Statement, September 11 , 1936 ro
tkcemb~t
31,
19"
Income Management Fcc.. . ... Profi t on Trading in Securities ..
}O,1}9.01
5.!i72.07
Manila, February I , 1937.
Profit
P
---
Surplus: Net Profit (or the Period, 5c:pt. lI, 19}6 to Dec. 31, 19}6 ..
2,665.70
2,906,37
" 21.731.70 7,416.45
"
Expenses: Salaries ... l' Travelling Expenses .......... . Telephone, Telegrams and POstage. Office Rent ... ?rinting Stationery &; Office
1,112,90 29,429.n 2,270.62 4,006.40 170.}9 '3000
Supplies .. .. Income Tax .. . lI.{iscdlaneous Expenses ....
15,106.27
I' }O,542.63
1'15.436.36 Other Income: Di"idends Received. Trans(er Fees .. Miscellaneous....
l' 5.495-00 881.22 ]0.00
6.406.22
---
Net Profit Ouring the Period, 5c:ptcmbcr 1! ,.19~ .. co Oo:-ccmbcr 31, 1936, Carried CO Exh ibit A
l"ll ,84LSS
PHILIPPINES pino-Business: To make or produce motion pictures or films, etc.--Capital Stock; PIOO,OOO.ao divided into 1,000 shar es of the par value of PIOa .OO eachSubscribed and Paid-in Capital: P20,OOO,OO-lncorpOTator8: Vicente Villanueva, Gervasio Gracia, Pedro Balmonte, Fernando and Calixi;o Villanueva. UNION PETROLEUM COMPANY H ead Office: 9 Plaza Moraga, Manila-Registered: October 15, 1936-Term: 50 years-Business: To Engage in the Exploration and Exploitation of Deposits of P etroleum and Other Mineral Oils and Gas Anywhere in the Philippine Islands i n Accordance with the Laws and R egulations Governing the same and to use and Exploit Water, Water Rights,
Timber, etc.-Nationality: Filipino- Capital Stock: Pesos 50,000.0.0 divided into 50 shares of the par value of Pesos 1,000.00 each-Subscl"ibed Capital: Pesos 15,000.00-Capital ~aid: Pesos 6,000.00-Incorporato"$ and Di)'ecto,'s: V. Singson Encarnacion, Bnldomel"O Roxas, A. D. Alvil', F. de 11'1 Cantera and
495
Jose Gonzalez-Treasure)": V. Singson Encarnacion, 573 Legarda, Manila .
UNITED EXPLORATION AND DEVELOPMENT CO., INC. Head Office: Room 304 Fernandez Bldg., Manila -Registe)'ed: January 23, 1937-TeTm: 50 yearsBusiness: Mining-Nationalitv: Filipino-Capital Stock: Pesos 10,000.00 divided into 10,000 shares of the par value of Pesos 1.00 each-Subsc)"ibed Capital: Pesos 2,000.00---Capital Paid: Pesos 660.00Inco rporators: L. A. Farnsworth , Mercedes West, Ralph Daugherty, Leoncio B. Monzon and I gnacio Fernandez. UNTTED I NVESTMENTS, INC. Heml Office: 245 Regina Building, Escolta, Manila-Tel'ln: 50 years-H11siness: To Buy, Sell, Manufacture, Repair, Alter, Exchange, Handle and Deal in all kinds of goods, Wares and Merchandise ; to purchase, Acqui.re and Undertake the Goodwill, Property Rights and Assets of Every Kind and t he
UNITED SlTATES FIRE INSURANCE CO. Under the Supervision of the Department of Insurance of th e State New York Statement of Accounts for the Year Ended December 31, 1936 Balance Sheet ASSETS
InvestmentsMortgages. . ..... $ 421,640.79 Re:al Est3e:. 567,)7'1.39 Unite:d Sutes Gove:rnme:nt Bonds ................ . 66,128 .481 Other Bonds and Stod:s. n,536,694.81
----:-5 1,1)8,55S.10 Accrued Interest... .. .. .. .... .... .. .. .. .. .. .. . 77 . ~91.55 Branch and Agenc~' Balances (in course of transmission and In hands of Agents), not ove~ 90 days.. 1,040,4)5.17 Ca~h 10 Banks..................... 2.628,~6~.42 RelO,unnce: Due and Orne:r Assets.. 194,225.17
LIABILITIES Cash Capitnl500,000 Shnres :It $4 each. Rescrve Premium Fund . Reserve Premium Fund ....... . Rese:rve for Unadjusted Losses. Rese:rve: for Taxes Contingent Liabilities .. Dividend Declared and Unpaid. All ocher Liabilities. Mortgage: ReseT\路e ....... ... . Surplus ovcr all Liabilides. .
$35,079,074.42
United Sf:lte.' Government Bonds amounting to $l.~OO.o:JO par value are held bv the: Superinte:ndent of Insurance of New York, under Seerion 1)0路\路2 of the: New York In5uranc~ Law as a Special Reserve Fund.
. .$ 2,000,000 00 9,)15,898.90 9,)15,898.90 1,461,540.00 454,500.00 75.000.00 250,000.00 173,')19.14 IOO,CXXl.OO 2l ,248,606.38
$35,079,074.42
THE COMMERCIAL & l NDUSTRIAL MANUAL
496
Liabilities of Any Person, Partnership, Association, Firm 01' COI'poration, etc-Nationality.- Filipino--CalJi!at Stock: Pesos 150,000 divided into 50,000 common sharcs, a nd 100,000 preferred sha res, of the pal' value of Pl.OD pCI' shal'~al}ital. Subscribed: P esos 31,aOO- Capital Paid: Pesos 15,000Members,-Bonrd of Directors : Alfredo Matta, G. Henry l\'lalonc, P. L. Briones, Francisco Varona, P ed ro Gil, Glicerio Opinion, Juan D. Mamayson, J ose C. Sorvida- Treasll rcr: Remedios B. Gucer, 172 Anda, W. C. Manila.
R i gh ~s or Interests in Mining Propel'ties such as Gold, Silver, Chromite, Manganese, Asbestos, Iron, Coal, Copper, Lead and Zinc-NatioJlalit,y : Fi!ipino -C~)ita.l Stocle .. Pesos 10,000.00 divided into 100 shares of t he par value of Pesos 100.00 each-Subscribed Capital: Pesos 2,000.00-Capital Paid: Peso8 500.00-hlcorporators a'tld Directors: Artemio Abaya, Calixto 1\1. Ferreria, J ose W. Curameng, F rancisco C. Hizon a nd Donato M. Guevara-Treasw'sl': Cal ixto M. Fen'eria, Manila Philippines.
UNITED MINING PROi\IOTION, INC. Head Offi(>c: Manila- Registe"etl: October 16, J9 3(j-TeI'1!I,' 25 years- Bllsin.ess: To CatTy on the General Business of Promoting the Exploration , .'i!:xploitntion , Development, Sclling, acquiring, Buying', Holdi ng, Conveying, Leasing, Renti ng, Mortgaging, Encumbering, Excbanging, and Selling or.. Subscriptions of all kinds of mining claims, Gi'oup or Groups of Claims,
Head Office: Manila-Nationality: FilipinoBl!siness: Gold Mine Operator-Established: October 16th, 1933-Dil'ectors: A. Beekerleg, J. H. Ma l'sma n, E. D. Madsen, A. F. Kelly, M. H. O'Malley, H.P.L. Jollyc, E. Heybroek- Authorized ama Paidin Ca,pital : Pesos 1,100,000.00-Pal路 Value of Shares: Pe'los 0.10-A1tnllal Turnover : P esos 1,351,160.00Development-Capital and operating deve1opment wOI'k was pushed ahead with a total of 1,230
UN ITED PARACALE MINING COMPANY
UNITED PARACALE MINING COMPANY Balan.ce Sheet as of December 31st, 1936 ASSETS Fi xed A$sets: Mine Option a nd Development ... ,. ... .. Buildings, Mine and Mill Equipment, Tools, Roads, Furniture and Fixtures, L ight, Water and Power Installations, Etc. Current Assets : Machiner), and Supplies.. Cash on H and and in Banks .. Other Assets . . . ... ' ................ . Bullion and Concentrates in Transit . . Deferred Charges Total Asset s. OPERATING ACCOUNT Bullion and Concentrates Produced , Opera.ting Cost . Profit on O peration .. PROFIT AND LOSS ACCOUNT O peraling Profit Other Income .. Gross Profit. .. Depreciation, Etc. Net Profit ..
UABlLlTlES ') 649,645.48 1.137,912.91 254,646.60 350,982.71 24,415.88 337,019.79
2,855,07 "2,757,478.44
f'I , 296,644.45 896,003.26 I~
400,641.19
" 400.641.19 6. 259.7) 1~
406,900.92 215,966.06
I' 190,9}4.86
Paid.up Capital.. . Current L iabilities : Aceounts Payablc. . Other Liabilities . .. Surplus Re serves ..
1'1 ,100,<00.00 47,802.67 44,924 .00
l ,564,751.n
-~
Total Liabilities ..
1路2,757,478.4~
ORE RESER VES Positi \'F Ore............ . Average Value per Ton. Total Value of Positive Ore . Probable OTt... .. .. ... .. .. /waage Value pet' Ton ...... Total Value of Probable Ore. ... 183,(0) toD5 Total Ore Reserves . .. ... (.)1' 15.00 Avera}:c Value per Ton .. . .. .. (a)1> 2,7~5.(O)路00 Total Value of Ore Reserves . }OO tOOl Milling CapacltV per Day. .02.M centaVOS DiV Idend per Sha re . . Price Range of Stock: H igh . . , . Lo",... .. . ....... .. "(a) Based on Gold at $35.00.
PHILIPPINES feet accomplished dUl'ing the month. Operating development amounted to 214 feet while 791 feet of capital development wns finished. On the Rocky Mountain fraction, 225 feet of capital and operatin.g development were finished. Of the operating development, 160 feet were advanced in ol'e with an average value of $7.40 per ton, while 163 feet of the capital advance were in ore averaging $3.20 to the ton. Altogether, 24 percent of the total footage was made in ore. The San Antonio main saft was sunk 13 feet, and was 21 feet below the 100 Jevel on October 3l.
The San Antonio No.7 north winze was sunk 22 feet, and was down 65 feet at the end of last month. The Balu81'te No.1 shaft was sunk 25 feet during the month and was 221 feet deep at the end of October. Baluarte No.2 shaft was sunk 10 feet to a total depth of 220 feet. Longos No.2 shaft- was sunk 16 feet, and was down 220 feet at the time this report was rendered. Construction-The No.2 Allen put into operation during the first part of October. Other power units operated satisfactorily during the month. The Longos Power transmission was completed during the early part of last month and the Longos operations are being supplied with power over these Jines from the main power house. New construction work, including the hospitals, advanced rapidly during the month. UNITED PHILIPPINE IMPORTS COMPANY Head Office: New York City-Bm1lch: 116, 12th Street, Port Area, Manila, P. I.-Nationality: Ameriean-B1t8iness: Manufacturers of Embroideric:;, Handmade Infants Clothes-Established: 1923 in New York; 1935 in Manila-Managel': E. Dayan -Telegraph: "Uniphic"-Bnnk Refet'ence: National City Bank of New York. UNI'rED STATES STEEL PRODUCTS CO. Head Office: 221 Samanillo Building-Na.tionality: American-Correspondent: E. C. Holbrook-B1tsinells: Steel Products; Galvanized Steel Sheets, Black Steel Sheets, Stainless Steel Sheets, Tinplate, Pipe ane! Tubular Products; Nails; Wire for all Purposes; Barb Wire, Electrical Wire and Cables. Woven Wire Fencing, Screen Cloth; Rails and accessories grounding Balls, Structural Shapes, P lates, Bars. Sheet Piling; White, Water Proof and Refractory Cements.
497
UNIVERSAL EXPLORATION AND MINING COMPANY Report to the Stockholders as of October 27, 1937: Your Boal'd of Directors submits the followinJJ special report on tire progress of exploration work on our 1\1aliit pI'operties since the date of our last stockholders meeting,-hcld on July 23, 1937, the present financial position of the Company, and other matters of interest to you. For the benefit of those of you who were not present in person at the said meeting, the following information concerning the object thereof, and the actuations taken thereat, is given. In a report dated June 29, 1937, supplemented by another report dated July 16, 1937, both of which were made in response to a request by your Board of Directors for definite information as to existing ore reserves, and recommendations regal'ding the desirability of installing a mill, as well as to what ftlrther exploration work should be undertaken, on our property at l\1aJiit, our Supervising Engineer, Mr. F. H. Kihlstedt, s tated that the ore reserves were sufficient only to suppl y a 50-ton mill for five months, and that he did not consider it good judgment to install a mill at that time. In this report Mr. Kihlstedt recommended that further exploration work be confined to a diamond drilling test, estimated to cost from tt30,000.00 to P40,000.00, and certain other exploration work on the 185-foot Vienna shaft level, and in the Vallejo-Daet section, estimated to cost an additional P30,000.00,-and that in Hie meantime all other exploration work on the property be discontinued. Mr. Kihlstee!t further stated that he estimated that about three months' time would be requircd to carry out this program, if two drilling machines were used. The afore-mentioned meeting was called for the pm路pO!ie of submitting to thc stockholders the recommendations, as stated in his mentioned report, as well as the question of securing the additional funds neee!lsary to cnrry them out. At this meeting, at which 4,29R,356 shares (72 % of total outstanding shares) were represented in person and by proxy. Mr. Kihlstedt's mentioned report was fully discussed, after which, by a resolution unanimously approved, to provide funds for the carrying out of his recommendations. The additional stock authorized, 4,000,000 shares, was offel'ed to our stockholders at the price of 10 centavos per ~ha)路c and 1.544,372 shal路es there-
498
THE COMMERCiAL & INDUSTRIAL MANUAL
of were subscribed to, payable in four 25% instan~ mcnts. At t his writing the following payments have been made on account of these new s ubscriptions: On First Installment (initial) payments with subscription ......... . ....... . . On Second Installme nt Payments due September 12, 1937 .. On Third Installment payments due October 12, 1987 .... On Fourth Installment Payments due November 12, 1937
P38,599.32 3 1,554. 32
22,424.95 2,118.05
Our Balance Sheet as of September 30, 1937, showed current assets in excess of cUrl'cnt liabilities in the amount of P1 35,330.63, and no other liabilities excepting. capital stock, thus showing that funds cOMiderably in cxces~ of the sum required to carry out the approved IU'ogrum are now available. The diamond drilling work has begun last mont h and on the 15th instant, 'the date of the last report reeeiveci, the f irst hole had been drilled to a depth of 500 feet. Ore of value is not expected until a much greater dep th is reache'a. Thi s diamond drilling work is being done by the B. B. Philippine Drilling Company, under contract. OnllY one drilling machine has been used t hus far. Regarding the additional work on the 18S-foot level as provided in MI'. Kilhstedt's apPl'oved Pl'Og l'am, the following self-explanatory excerpt ft'om General Superintendent Godfrey's report of development during September is g iven : "On the l85-foot level of Vienna Shaft we finished 146 feet of drifting, 63 .t:eet of crosscuts and .f8 feet of rai se, or a total of 257 feet of developments. The veins that were being investigated are as prominent in t he faces of these drifts as t hey ever were. A decision was made, however, to stop this work until our deep exploration with diamond d r ills is complete, so in the latter half of t he month a ll equipment was r emoved to the main camp s ite for safe keeping". In 1\11'. Godfrc~"s mcntioned repol't t he following explanation is given regarding the (first) diamond drill hole which is now being sunk: " This first hole is at right angle to the strike of the vein structurc on the hanging wall side, about 600 feet south of Vienna Shaft, and is inclined so a s to encounter the vein at about one thousand feet vert ically below the surface.
Since the 15th ins tant exploration wOI'k at Maliit has been confined almost exclusively to the diamond drilling for which reason the force thereat (excluding the dia mond drilling crew which is working under contract.) has been reduced to the General Superintendent a nd a few men, employed on a daily basis, to attend to the sampling, as!;aying, keepi ng the records, supplying water fOI' the drilling work, looking after the property, etc.-Respectfully submitted-T HE BOAR!) OF DlRECTORS-UlIiversal E XIJlol'atiolt and Milli11g ComI,a1Iy-By: H . J. BEl.DEN-P resident. UNIVERSAL INVESTMENT CO., INC. Head Office : 333 Crystal Arcade, E scolt.a, Manila- Registel路ed: October 1, 193G-Tel'llt: 50 y~nl's-nlts"lless: General Agent, Commission in 0 1' with Loans Secured by Negotiable inst.ruments and all k inds of Securities-Natio1Iality: Filipino- Capital Stock: Pesos 5,000.00 divided into 50 shares of the pal' value of Pesos 100,00 each-Sllb8cribed alld Paid Cctpital : Pesos 6,000.00-/1ICO)路pol路ators amd Dinotors: L. N. Javinez, F. As'tilla, Pacita J5. de Javinez, Consoridia A. de Astilla and Constancia D. Pun o--Tl'ea8urel': Constancia D, Puno, Manila. UNIVERSITY PUBLISHING CO., IN C. H ead Office: 1120 Washington Ave., Ma nilaRegistered: August 7, 1936-Tel'1l~: 50 yca rs-B,tlli1Ie88: To Edit, Publish, 0 1' Otherwise Di spose of Books, J ournal s, Magazines and Other Literary, Scientific or Artistic Works and Undertakings, to Buy or Ot herwi se Acquire and Seil, or Otherwise Dispose of: Books, J ournals, Magazines and Other Litera l'y, ~tc. _ Natio1ldiity: Fil ip ino - Capital Stock: Pesos 10,000.00 divided into 1,000 shares of the pal' value of Pesos 10.00 each-Subscribod Capital: Pesos 2,000.00-CapitaL Paid: Pesos 500.00Incorporators Q1ld Dircotors,- J ose M. Aruego, Enrique Rimando, Delfin T . Bruno, Jose A, Adeva and Federico Mangahas-Trea81tTer: Constnneia Espiritl1-AI'uego, 1120 Washill'gton, Manila. UP-TO-DATE SHOE COMPANY IN CORPORADA Head Off-ice: Manila, Philippines-R6gistcr6d : October 29, 1937-B1(s;1Icss: To bu y and seU shoes and other general merchandise--Nationalitll: Chinese-Capital Stock: PSO,OOO.OO divided into 900 shares of t he par value of PIOO.OO each-Subscribsd and Paid Capital: f'90,000,00-l ncorporators:Eduardo del Rosario Tan Kiang, Uy a Sun viuda de Tiu Seng, Benitu Tiu, Vicente Tiu and Tan Sioe Wan.
PHILIPPINES
WHERE TO INVEST.... ! Make your investment in the following mining ventures which own vast mineral properties in the richest mining regions of the Philippines.
CERVANTES GOLDFIELDS MINING SYNDICATE
LUZON MOTHERLODE MINING SYNDICATE
R'l,iJf<r<d in the Bureau ~f Clfmmlffl, Tirle Nit. 11788.
(In pnK'1J Df 1"'D~por4IiDII ) Rfgistrrrd ill Iii, Bllrt4U 4 CDRllm,er. Till, N D. 11885.
Capital. 'PI ,000,000.00 Divided into 10,000 units at the Par Value of 'P100.00 each One Unit is equivalent to 10,000 s'h ares at PO,Ol each Present properti~s are located in the municipalities of Suya and Cervantes, Ilocos Sur. ---~
ABRA-BONTOC-KAillNGA GOLD MINES (1" ; ' KIII ~/lmlfrpo,..,t;Dn) R'l,iJl<TIJ in 'hI S,m"u If! ummrrrr, Tifft Nit. 118U.
Capital. 1'1,000,000.00 Divided into 10,000,000 shares at the Par Va lue of 1"0.01 each. Minimum subscription is 10,000 shares. Present properties are located in the Municipality of Danae, Abr,a and in the Municipality of Bauko, ~ub-province of Benguet, Mt. ProvInce.
Capital . 1"1,000,000.00 Divided into 100,000,000 shares at the Pat Value of PO.Ol each Minimum subscription is. 10,000 shares Present properties are located in the Municipal District of Balbalan, ~ub-Province of Kalinga, Me. ProvInce.
BENGUET NUGGET-GOLD MINING SYNDICATE (In p~tKtJS Df In<D,po~lItiDn) Rtgisttnd in tlK BUrt4/[ Df CDmm<r(t, Titlt ND. 11902.
Capital . 'PI ,000,000 .00 Di vided into 100,000,000 shares at the Par Value of 1"0.01 each Minimum subscription .. 10,000 shares Present properties are located in the Municipal District of Bokod, SubProvince of Benguet, Mt. Province.
We have also iron, copper, chromite, manganese, sulphur, silica, etc.
General Mine Managers and Manufacturers' ReprtJtntntivtJ:
UNIVERSAL INVESTMENT Co., INC Lack & Davis Bldg.
P. eJ. Box 2180, Manila, Philippines
499
500
THE COMMERCIAL & INDUSTRIAL MANUAL
URBANO BUILDERS FINANCE CORP. Head Of/ice: 437 Evangelista, Quiapo, Manila -Registered: April 23, 1935-Term: 50 ycarsBusiness: To Construct, Erect Buildings, Hou ses. War ehouses of Cement and Lumber-Nationality: Fi lipino-Capital Stock: Pesos 99,000.00 divided into 9,900 shares of the par value of Pesos 10.00 eachSubscribed Capital: Pesos 30.000.00-Ca.pital Paid: Pesos 20,OOO.OO-l ncorporato)'s and Directors: J uan B. Urbano. Cesat' Ramirez, Mercedes Raffiiian, J osefa Vel'zosa and Lucia Gomez y Castl'o--Trea.snrer: Josefa Verzos8, 411 Lamayan, ri'lanila. URBANO GENERAL MINING EXPLORATION Head Office: Manila, Philippines- Registefeci: January 6, 1937-Term: 50 years-B1Isin68s: Mining-Nationality: Filipino-Capi tal Stock: P esos 500,000.00 divided into 5,000,000 shares of the pat· value of Pesos 0.10 ench..-.subscribed Capital: Pesos 100,000.00-Capital Paid: Pesos 25,000.00-lncol"porators: Juan B. Urbano, Genaro L. Ormochuelos, Pedro B. Gonzalez, G. GoyC!na, Tomas Evangelista, Vicenoo Degracia, Eduardo Balbuena, Rosena Pel'nites and Roberto Martires. UTILITY INVESTMENT E I NANCE CORP . Head Office: Room 22 Santos Bldg., ManilaRegisteJ'e cl: October 5, 193&-Tenn: 50 yearsBusiness: To Purchase, Hold, Convey, Lease, Rent, Mortgage, Encumber, and Otherwise Deal Witb Tmproved or Unimproved Real P ropcrty I nsofar as P ermitted by law; and to Construct and Alter, and to Manage, Operate and Lease Buildings and Otber Improvements Thereon - Nationality: Fil ipino Capital Stock: Pesos 100,000.00 divided into 10,000,000 shares of the par value of P esos 0.01 each ..-.stlbscribcd Capital: Pesos 20,000.00-Capital Paid: Pesos 5,000.00; Cash: Pesos 4,000.00; P I'O1)erty: Pesos 1,000.00-Incorporators (L'ud Directors: Joaquin Mateos, C. C. Maceren, Rosa Sanz, Jose A. Enriquez and .J. ;\l ateos-Trea.i1trer: Rosa Snnz, Manila, Philippines. UY CO & CH UA H eo.d Office: 222 San Vicente, Manila-Regist.ered: August 4, 19S7-Natiollalit·y : Chincse-B1Isiness: To purchase a nd sale of dry-goods, etc.-Ca1)ital: t)15,000.00-Capitaf contributed by .. each part1lel': Uy Lam Kih, P5,OOO.00; Chua Poe, P5,000.00; Co Siok, P5,000.00-Manaver: Co Siok.
UY LAM HUAT AND COMPANY Head OUice: 222 San Vicente, Manila-Regis. tered: July 30, 1936-Te''1l"t: Five years, from July 29, 193&-Bus-iness: Wholesale and Reta il, Dry Goods etc.-Capital: P esos 20,OOO.00-Capital con. tributed by each pa1·tner: Uy Lam Huat, Pesos 10,000.00; Arturo Landa hl, Pesos 10,000.00 -Ma.n age~: Uy Lam Hunt. UY MATIAO & COM PANY, IN C. Cebu Office: 172-174 Comer cio Street, Cebu, P. I.-Nationality: Chinese-Business: Importers and Exporters. S hipping Agents-Established: 1914 -Autllol'ized Cal)ilal: Pesos 400,OOO.00-Paid Up Capital: Pesos 300,000.00-Par Vaf11e of Shares: Pesos 1,000.00-A1tnual Tut"")to"Vel': P esos 5,000,000.OO--Telegraph: "Umaco"-Codes: Bentley's, Acme, Duo-P"inci,Ja l8: Uy Matiao, President; T. Uy Tengsu, General IHa nager- H ead Office: Alfonso XIII 37·4 1 Dumaguete, Philippine Isla nds-Bank Reference: Chartered Bank of India, Australia & Chinn. UY PEK TANG & COM PANY, INC. "Head Office: Cebu, Cebu-R eg-istered: May 20, 1936-Tel"1ll: 50 years-Bullil1ess: To Engage in the Manufacture and Sale of Umbrellas, Hats, Handkerchiefs, Neckties, etc.-Natiow:dity: Ch inese-Capital Stock: Pesos 24,000.00 divided into 2,400 sha res of the par value of Pesos 10.00 ench-Subscribed and Paid Ca7Jilal: Pesos 6,310.00-Incorporators and Directors; Uy Pek Tang, In Chu, Pedro H ao, Chua Ping, Ang Ling, J ose Likip and Ignacio Cristobal. (Pedro Bao a nd Ignacio Cristobal, are incorporators only)-Treasllrcr: Uy Pek Tang, Cebu, Cebu, P. I. VALDEZCO & COMPANY H ead Office: Manila-Registered: October 24, 193&-Term: Five years, from September I, 1936Busi1!es8: Printing-Nationality: Filipino-Capital: Pesos 8,500.00--Capital co?!tributed by each. part1Ier: Rosn del Rosario y Valdezco, Pesos 3,500.00; Teofilo L. Ve1arde, Pesos 3,500.00; Catalino Valdezco, Pesos 1,500.00-Mallagcr: Rosa del Rosario Y VaJdezco. VALENC IA OPTICAL COMPANY, INC. Helld Office: 434 Juan Luna. Manila- Revit tered: Jul y 29, 1936-T ertn: 50 years-Bu.e~ne'8: Opticians and Jewelers; Manufacture, Export, Import, Optical Goods, Optical Instruments and Ma·
PHILIPPINES chineries, etc. - Nationality: Filipino - Ca,pital Stock: Pesos 45,000.00 divided into 900 shares of the par value of Pesos 50.00 each- Subscribed C4pital: Pesos 15,350.00-Capital Pa1'd: Pesos il,600.00Incorporators Q:nd Directors.- Carlos B. Valencia, Jose B. Juachon, Tomas Juachon, Federico B. Sarabia and Narciso Ner- Treasure,': Carlos B. Valencia, Iloilo, Iloilo.
VALLEY PLACER MINING CO. Head Office: Manila, P. L-Registef'ed: August 29, 1936--Term.: 50 years-Business.' To Search for, Prospect and Explore Ores and Minel'ais, and to Locate Mining Claims, Placer Grounds or Lodes Within the Philippine Islands, etc.-Nationality: American-Capital Stock: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of Pesos 0,10 each-Subscribed and Paid Capital: 250,000,00 -Ditecto,'s: Wm. H. Brown A. F. Kelly, J. O. En· berg and M. H. O'Malley, and T. M. Jordan. VALVOLINE SALES CO~P. Head Of/ilUJ: Iloilo, Iiolio---Registered: Novem· bel' 5, 1935-Term: 50 years-Business: To Carry on a General Wholesale and Retail Business-Na-o tionality: Filipino---Capital Slock: P esos 10,000.0(; divided into 1,000 shares of the ' par value of Pesos 10.00 each-Sub8cribed Capital: Pesos 10,000.00Capital Paid: Pesos 5,000.00-incorpOl·ators and Di.rectors: Esteban de la Rama, Alfred W. Keller, Enrico P h-ovano, Eliseo Hel'vas and Tomas Concepcion-Tl·eas!tl·e,·: Enrico Pirovano, Iloilo, Iloilo. P. VERA & COMPANY "Head Office: :Manila-Registered: March 18, 1936-Te)-m: 25 years, from December 15, 1934Business : Importation from EUrope, America and other Foreign Countries-Nationality: Filipino--Capital: Pesos 60,000.00-Capital contributed by each partner: Apolonia T. Vda de Vera, Pesos 17,· 000.00; Pedro Vera, P esos 43,000.00-Manager: Pedro Vera. VERA REYES AND CO., INC. Head Office.. Manila-Registe"ed: April 20, 1936-Tenn: 50 .years- Business: Commission Agents; Real Estate, Shipping and General Merchandise Agents to Act as Publishers and General Merchants, etc.-NaHonality: Filipino-Capital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of 'Pesos 100.00 each-Subscribed
SOl
Capital: Pesos 21,000.00- Capital Paid: Pesos 5,250.00-incol-porators at!d Directol's: Franco Vera Reyes, Leoneia Vera Reyes, Vicente Vera Reyes, Vicente L. Santiago and Francisco G. JalbunaT?'easlll'er: Franco Vera Reyes, Santamaria , Bula . ""n. M. VERLINDEN
H ead Office: Manila-Nationality: Belgian~ BlIlJiness: Manufacturers' Agents; Importers; Coal, Building Materials, Tiles, Iron & Steel Products Wire Products, Paper, Hardware, Textiles-Estab· lished: 1923 ~Pl"ivate Propl'ietorship-Consul for Belgium since 1923- Telegmph: "Verlinden"Bank RefcI'ence: National City Bank of New York; Bank of the Philippine h:lal\'<i~. VICTORIAS MILLING COMPANY, INC. Head Office: Manila, P. I.-Nat·ionality: American- Business: Raw and Refined Sugar-Established: May 7th, 1919- Pl"i1lcipais : M. J. Ossorio, J. J. Ossorio, AJfred D. Coopel', Shiras M. Jones, Carlos de Oteyza, Francisco Ossorio, Manuel 1\1. Rincon, F. E. Gl'ecmfield, H. J. Young-Autho)'izeri and Paid-i1t Capital: Pesos 6,000,000.00-Par Vallie of Shares: Pesos lOO.OO- Telcgraph Add"ess: Vicmico---Bank Refe,'e)!ce: AU Manila Banks, VICTORIA DRUG COM P ANY, INC, Head Office: 632 Trabajo St., Corner Lealtad, Sampaloc-Registered: May 7, 1936-Term: 50 years-Business: Merchants-Nationality: Filipino -Capital Stock: Pesos 100,000,00 divided into 10,000 shares of the par value of Pesos 10.00 each-Subscribed Capital: Pesos 27,500.00-Capital Paid: Pesos 21,450.00; Cftsh: Pesos 1,650.00; P)'operty: 19,800.00-Incol"po,·atol·s and Directors: Vicente Mallari, Carmen V. dcMallari.PrimoMallari.Isidro Pineda and Primo Di·Guangco- Treasw'el·: Vicente MaUari, Manila, P. I. VIDAL, ARANETA & CO., INC. Head Office: Manila, Philippines-Registered: Decembel' 22, 1936-Term: 50 years-Business: Brokerage-Nationality: Filipino---Capital Stock: Pesos 500,000.00 divided into 5,000,000 shares of the par value of Pesos 0.01 each-8ubscribed Capital: Pesos 100,000.00- Capital Paid: P esos 50,000.00I ncorpo-rators: Emilio Vidal, Jose L . Araneta, Emilio B. Vidal, Guillel"nlO Vidal and J. Amado Aranela.
501
THE COMMERCIAL & INDUSTRIAL MANUAL
E. VIEGELlI.'lANN Hencl Office: 462-64 Dasmal'iiias Street, Manila -Natio1Ialit:y: German-Business: Tools and Cutlery; Wholesale and Retail Metal Dealers-Established: 1934-Private PropI'ietorship owned by E. Vieg<'!mann-Amwal Turnover; Pesos 100,000.00*Agents /0)': Plomb Tool Company, Los Angeles; C. Ferd. Peddingham, Gevelsberg, Germany-Telegrapk: "Viegelmann"-Bunk Reference: Chartered Bank of India, Australia & Chinn.
VILLANUEVA SPORTING GOODS CO., INC. Head Office: Dagupnn, Pangasinan-Registered: June 10, 1936-Te)'IIt: 50 years-Business: To Buy, Sell and Deal in Goods, Wares, Merchandise, Equipment, Supplies, Firearms and Ammunitions -NatioJZctlity: Filipino-Capital Stock: Pesos 49,000.00 divided into 980 shares of the par value of Pesos 50.00 each-SubscI'ibed CapItaL: Pesos 9,800.OO-Cctpital Paid: Pesos 7,250.00; Cash: Pesos 152.51; Property: Pesos 7,097 .49-1ncorporators and Dil'ectors: Luis Z. Villanueva, Apolonia Ayson, Pedro A. Ayson, Manuel B. Diolazo and Rodrigo C. Moris-TI'eusurer: Luis Z. Villanueva, Dagupan, Pangasinan.
THE VIRGINIA TOBACCO CO., INC. Head Office: 57 Gastambide, Manila-Registered: October 15, 1937-Busines8: To pUl'chase and sell either wholesale or retail all kinds of tobacco lor the manufacture of cigars, etc.--Capita/ Stock: P1,000.OO divided into 100 shares of the par value of PIO.OO each-Subscribed and Paid-in Ca1)ital: Ill ,OOO.OO-Incol-pomtol"s" Santiago Carrion, Abelardo Lafuente, Sevcriano D. Oliva, Vicente Ve1('7. and Jose R. Vergara. VISA Y AN ELECTRIC CO., S.A. Rend Office: Cebu, P. I.-Nationality: Filipino -Busin88s: Generating and Sale of Electric Current-Established: 1905-Allthorized Capital: Pesos
2,OOO,OOO.00-Paid Up Capital: Pesos 840,000.00Par Value of Shures: Pesos 200.00-Ts/egraph; "Veco"-Codes Used: Bentley's 5路letter-Branch Office: Dumaguetc, Oriental Negros; Bogo, Cebu; Danao, Cebu; Dipoiog, Zamboanga; Carear, CebuP路rincipals: D~. Mamerto Escano, Pres. & Gen. Manager-Treas., Jose Corominas, Vice-President, Lorenzo Escafio, Director, R. R. Landon, Director, Gil Gal'cia, Secretary-Bank Reference: The Bank of the Philippine Islands, Cebu, P. I., Philippine National Bank, Cebu, P. I., Nation'al City Bank of N. Y., Manila, P. I. The Visayan Electric Company, S. A., was organized on February 25, 1905 with a capital stock of Pesos 200,000.00. The principal organizers were: Martin M. Levering, Colin Campbell, Mr. J. J. J. Addenbl'ook, R. R. Landon, and Albert Bryan. The territory served was a very small area within the city of Cebu and the generating unit was composed of steam engine. Hamilton Corliss, of 300 H.P. capacity. The Visayan Electric Co., S. A. had then a very small number of customers; the public was unwilling to patronize it because of poor and uns1tisfactory service rendered. 1n 1919 the controlling stock of the Company passed to the bands of the Vda. e Hijos de F, Escafio, Inc., who saw with possibilities in the business. It was reorganized, improved and in a short time after the purchase, two units of 260 H.P, gas en路 gines were installed to take the place of the steam e:1gine. With these new engines began a real electric service in Cebu. The public was aware of this improvement and began to patronize the service of the new Company. In a short time, the two engines were already overloaded and in j925 a third unit, Polar Atlas Diesel, of 600 H.P. was added. Elcch'ieity was now becoming a part of the daily necessitics of the Cebu public and there was a great de路 mand for it. Four years after the addition of the
) -VISAYAN ELECTRIC COMPANY, S. A. Electric Light, Heat
&
Power
CEBU, PHILIPPINE ISLANDS Cahie Address: "VECO-CEBU" Code Uud: Bentley's .5-Letter
Authorized Capital: 1'2,000,000.00 MAMERTO ESCANO, PrniJmt & Gm. Mam~glr. GIL GARCIA, Auistaflt Gw. Mana!}' RAY. C. PANGILINAN, Auditor. SALVADOR E. SA LA, Suptrv;Ji,l/. EI1f,imtr
PHILIPPI NES third unit or in 1929, t he fourth unit, which is a duplicate of the 550 H.P. Polar Diesel engine. was installed. At th is stage and encouraged by its success in the City of Ccbu, the Company sought to extend its b~silless outside of the City. Active and enterprising 1"'1'. G. A. Daza, who was then the Supervising Engineer of the Complln~', was sent to the Legislat.ut'c in l\Iunila to worl;; on a new franchise and in 1931, through his painst.-ddng work and brilliant accomplishment, a new franchise was IJussed by the Legislature. With th~ approval of this new franchise, the Visayan Electric Company, S. A. was given a new lease of life of 50 years and was nuthori<:ed to operate in the municipalities of l\Iandawe, Consolucion, Liloan and Compostela, North or Cebu; and Tali say, Minglanilla, Naga and San Fernando in the South. This new extension of service brought about the installation of the fifth unit, which is a Winterthur Internal Combustion engine of 1,500 H.P. To this exten;,ion was add~d the town of Danao so that the total di9~nce served, NOlth and South of Cebu, is morc thaI\, 61 kilometers. To appreciate the pr esent standing of this huge and successful enterpri se which we can boast as the only business of its kind mana~ed and capitalized by Filipinos, it is suffici.mt to !\ay that out of its aulhol'ized capital stock of Pesos 2,000,000.00, Pe ~o~ 840,000.00 was all'ead), sub'lcribe<l and paid. 'rhe pal' value of its stock is P('sos 200.00 per ,;ha,.(' ancl there ure buyers but no sellers in the market at Pesos 240.00. The reason iR evident and that is the good dividend that th(' Companr is paying annually to its srock hoI deI's. The total capacity of the five engines which are [:Jused in two modern concrete buildings is 3,100 as compared with the 300 H.P. steam boiler at thc bcginlling. The total power house production for the year 1933 was 3,815,270 KWH. The Company now enjoys thc confidence and CootJcl'ation of its some 10,000 odd customers. It owns also subsidiary plants in Bogo, Cebu; Dumaguet.c, Oriental Negros; and Dipolog, Zamboanga. It is unbelievable the tremendous pI'ogress the Complmy ha~ made since the controlling stock was a~quired by the Hijos de F. E sC'ano, Tnc., successors to the V<la. e Hijos de F. EscaflO. This Company which at the beginning could hardly pay the salaries of it.'! few employees has now grown to an economic wealth of the Provinf''' of eebu. Shops, mills lllld factorie s arc oeing established employing hundreds o[ othorwise unemployed laborers ancl depending
mainly as their power on electricity furni~had by the Visayan Electric Company, S. A. This progress was mainly attributed to the installation of modern engines and equipment and the demand of the public for electricity which enabled the Company to re~ duce its rates of producti on and consequenl1y a reduction of rates charged to the customers. The Coml>Ully is still progressing steadily un~ del' tho well directed plnns of its President and Geneml Managel路, Dr. Mamerto Escaiio; its Assist~ ant Manager, Secrctary and H ead of the Promotion and Claim Department, Mr. Gil Garcia, whose duty is to promote and acquire ncw business for the Company and to pel'sonally attend to the com ~ plaints of the customers ; and, its Auditor, l\h. Ray. C. Pangilinan, who sees to it that every centavo of the Company's fund is spcnt wisely. With such team of executives undel' the far sighted plans of its Board of Directors, the Company is heeding for more economical operation which would redound eventually to a further reduction of rates charged to the consuming public. The Company spares no effort or money in or~ del' to achieve a dependable and safe service. The b:ast of e1ectrical equi]lment is bought and installed in the s,ubstations. Trained electrical and m ec ha~ nical engineers are employed in the power house and in the lines to supervi se the work. Expensive and delicate instrumellts fO l路 testing meters were bought and installed in a laboratory in ordel' to give full satisfaction to a complaining customer. Fil路st class eledrical materials are used in the lines to protect the lives ami properties of the inhabitants. No doubt this dependr.ble and mfe service brought confidence und blessings to the general public. A si de frOIll the lighting purposes f or which electricity is cOllllllonly used by even the humblest family because of low mtes, well to do families are taking advantage of the olJportunities that electl'i~ city is offering thcm. They install in their houses modern electric range~, refrigcrators and many lnbot' saving electl'ieal devices which no doubt bring comfort and happiness to these families. It is admitted fnct that I'est and r ecr eation are essentilll to the human body. The Management of the Compnny ha\'ing this fact in mind and in order to improve the health, living conditions and efficiency of the persollnel, constructed a club house with a
TH E COMMERCIAL & INDUSTRIAL MANUA L
504
modern tennis COllrt where the employees and their families can indulge in different games such 8S tennis, bowl ing, billiard, ping-pong, etc. Libr ary a nd gymnasium nrc provided as well as free medical treatment and medicines. Bonuses are given to descrving employees nftcr completing a 5-y~ar service. ~Vith all the above facilities and privilege the employees are highly contented and grateful with the result that they begin the day's work wit h a r enewed vigor and efficiency. The Company is still seeking ways to further II.dvance the conditions of its employees and their plan of constr ucting a " barrio obrero" of its own with model small houses where its needy employees and laborer s can live in. There is also a tentative plan of selecting two pensionados each yea r from among the deservjll'g children of the employees.
These pcnsionados will be pensioned by t he Company and will have to take courses in electrical and mechanical engineering, accounting and other courses suitable t,o the needs of the Compa ny. The present administration is characterized with harmony an'll undl'rstanding in dealing with either its customers or employees. The cu.s tomers a r e tt'llated equally without discr imination and square dealing is t he policy of the Company in this matter , To get t he employees nearer to the executives and to bring about a better umlerstnnding, a confer ence is held once in a while where g r ievances are solved to t he satisfoction of both pa r ties. The men\bel's of the Boar d of Dir ectors to whom the ent ire organization, t he stockholders a nd the general consumi ng public hove a con\pJete confidence m'e :
VISA Y AN ELECTRICAL SUPPLY CO., INC. Balance Sheet June 30, 1936 LIABILITIES
ASSEToS Fixed Anets : bnd .... .Building ( Bodega) ....... . Furnitures and Fixtures. Deliverv Equipment , .. Office Equipmenl. ...... Tools and Equipment .. Total Fixed Assets .. Treasury Stock ., ........ .. Swcks- Monte de Piedad. Current Assets : Merchandise Inventory June 30, 1936 .. Notes Receivable . . Interest Receivable . . Accoun ts Recei"able (Local and Prov .). . . .. Due (wm Employees .. California Wire: Cloth Osram. Alfredo Arrieta .. Burmeister :tnd Wains . . International Harvester . Supplies in Transit .. . Unexpired Insurance ... Orher Deposits ... Suspense: Accoun[. ........ . Phi. Nat. Bank ( Bacolod). ..
Casa~~~$. ~~~~~? .~~~~~~ Peuy Cash Fund .... Cash on Hand .. Toul Current Ass.ets .. Tot~
As.scts
Capital :
1"
Capit~l
Stock Authorized ... . Less-Unissued STocb ..
89}.40 7.816,96 12.645A7 3.~30. 33
1,366.89 ~~3 .09
1" 26,596.14 828.00 100.00 "304,718.68 69.929.31 17,1 ~ 9.60
205,482.26 3,287.15 221.76 29'6.08 97.30 2 , 5~6Al
20.88 2,958.92 }7S.}4
106.25 2,388.00 1.845.97
"S(X),CXXl.OO 217.~8200
Capiul SubKdbcd and Paid.. .. CUrrenl Liabilities: No tes Payable.. p Accounts Pa\'able.. . Acceptances 路P~\' ahle . Bonuses Payable. . . . . . Dividend Payahle.. . . . .. . . .. . Overdraft-Bank of the P. I. . Vinyan Electric Co., S. A.. Swiss Loco. & Mllc h. Works.
615,936.58 1.~643,460.72
23.47~ .OO 5S , 63~ .05
7,672.64 23,'i}~ .7}
5,639 .94 19.574.10 13.589.04 2,134.54
Toca] Current Li abil icies .. . Reserves: 1) 16.515.85 Reserved for Depreciation . .. 84,282.13 Reserved for Bad Debts . .. . Reserved for Contingent L017.149.60 ses . .. .
154,25}路04
Toul Reser\'es. . .. .. Surplus: Surplus.......... .. ' .. Add-Net Prcfic ...... '
117.947路58 1~
Toea[ Surplus .. .. .. .
},440.52 670.00 401.15
1"282.518 OJ
59 ,811.04 28.931.06 88,742 10
~ Toul Liabilities. . ... . .....
1"643,460,72
PHILIPPINES Dr. l\1amerto Escnflo, President, Treas. & Gen. Mnnager; 1\11'. Jose Corominn, Vice-President; Mr. Gil Garcia, Secretary, 1\11", Lorenzo Escafio, Director; Mr. R. R. Landon, Director. 1\11'. Salvador E. Sal a is the new Supervising Engineer of the Company and is the head of the technical staff. He is an electrical and mechanical engineer and his four years experience in the factories of Swiss Locomotives, (Switzerland) Deutz, (Germany) and Polar Atlas, Asen Electrical and Still Turbine WOI'ks (Sweden) is a great asset to the Visayan Electric Company, VISAYAN BROKERAGE CO., INC. Head Office: G09 Cu-Unjieng Bldg., ManilaT1'!tstees; Godofreclo A. Montilloia, Lorenzo del Castillo, Jose A. Montenegro. VISAYAN ELECTRICAL SUPPLY CO ., INC. Head Office: City of Cebu, Philippines-Na~ fi01zality: Filipin o-Business: Electrical, Machinel'Y, Fancy Goods, General ~erchandise-Established: August 15, 1924-Authoz-iz.ed Capital: Pesos 500,OOO.OO-Paid Up Capital: Pesos 282,5 18.00-Par l'allte of Slzaz'es: Pesos 2.00-\-Resel"ve: Pesos 117,94758-Dividend: 6 % (Last)\-Telegl"aph: "Vesco" -Codes: Bentley's 5-Letter-P1"incilJals: Dr, Mamerto Escano, President and General Manager; Direetol'S: Jose Corominas, Lorenzo Escafio, R. R. Landon, Gil Garcia-Bl"allehes: Ji)umaguete, Oriental Negros and Bacolod, Occidental Negl'os, Philippines-Agelzcies: Westinghouse, Climax Engines, Standard Lamps, Osmm- Bank Reference: The Bank of the Philippine I slands. VI SAYAN ENTERPRISES, INC, Head Office: eebu, Cebu-Reyistez'ed: Apl"iJ 14, 1936-Tel"1n: 50 years-Busincs: To Take, Lease, Mortgage, and Otherwise Handle, Deal in, and Dispose of Real Estate, Real Property-Nationality: Filipino-Capital Stock: Pesos 25,000,00 divided into 250 shares of the par value of Pesos 100.00 eaehSnbscl-ibed Ga7lital: Pesos 5,000.00-lncOI"IJOl"at01路8 alld DiJ'ectoz's: Felix de los Santos, Gabino R. Ve1050, Cornelio 1\."1. Alazas, Rafael Gaviola and Sergio BaclI]an-Tn'lasllJ'er: Felix de los Santos, Cebu, Cebu, P. I. VISA YAN FILMS PRODU CT ION , INC. Head Office: 714 Riznl Avenue-Registered: September 8, 1937-Business: To make and produce motion pictures or films, etc.-Ca,1ital Stock: P49,000.00 divided into 49,000 shares of the par value of P1.00 ench-Subscribed Capital: PIO,092.00-Ca-
pital Paid: 1)1,323.00-CasJt: P85,OO; Property, P2 ,438.00-hz.corlJol'atoz's: Toribio N, Amar, Manuel Salvani, Pedro Mecinas, Rafael A. Salvani and Lope L, Lindio, VISA YAN JOCKEY CLUB, l NG, Head Office: Cebu, Ce bu-Registered: October 1, 1935-Term: 50 yeal's-Business: To purchase, Acquire, Lease, Own, Conduct and Manage Legal Races, Race Tracks, Carnivals, Theaters, Playhouses, Gardens, Roof Gardens, Opera Houses and Other Places of Anl\lsement-NatioJICdity .. Filipino---Capital Stock: P esos 30,000.00 divided into 6,000 shares of the pal' value of Pesos 5.00 each-Snbscz-ibed Capital: Pesos 6,400.00-Ca1Jital Paid: Pesos 1,570.00Incorporators and Dircctoz's: Mamerto Escaiio, Lorenzo Escafio, Agustin Jerezn, Buenaventura M. Veloso, Vicente Legarda, Vicente Noel, Jose N. Solon, Jose S. Leyson, Ramon B. Noel Jose Martinez, Gabino R. Veloso, Jose D. Castillo, Rafael Zayco, Anastacio Rama and Mariano Climnco. (Vicente Noel, Jose S. Leyson, Ramon B. Noel, Jose Martinez, Gabino R. Veloso, Jose D. Castillo, Anastasio Rama and Mariano Climaco, are incorporators only) Treaszll'er: Lorenzo Escafio, Cebu, Cebu.
VISA YAN ELECTRICAL SUPPLY CO. , INC. City of Ccbu, Ctbu Philippinc Islands General Electrical Equipment Electrical Supplies & Machinery Fancy Goods
GENERAL MERC HANDISE Branch Offices Dumagucte, Oriental Negros, Philippine Islands. Bacolod, Occidental Negros, Philippinc Islands.
THE COMMERCIAL & INDUSTR IAL MANUAL
506
VISA Y AN MINERALS, INC Balance Sheet as of December 31, 1936 Add-Income from Other Sources: lu(CreS( Earned ......... . , .. Piano Renral. Shop Revenue ............... . Bu)" ing Commission and Ctc .. JI.!isccJlancous Income.
PROFIT AND LOSS STATEMENT
From July l SI. Gross Sales: Leu-Returned Sales .. Net Sa les ....
19}~ to
June )0, 1936 'J) 386,O!I.04 )4,165.37
[)(ducc COS! of Goods SolJ: Inventor\' Jul), 1, 1935 .. Purchases ...
P3'il ,845.67 "110,7&4.87
1'5'i4,292.24 3(H,718.6S
COSI of Goods Sold.
249,573.56
Gross Profit ....... .. .... . Deduct S~lling Expcns:-s: Salaries of Travel ing Salesmen .. Salaries of Salesmen ...... .. ... . Salesmen Traveling Expenses .. . Taxc:s-Pcrcenr;lgc: ......• ' .... . Commission on Sales.. . Gasolioc: .............. . " ... . Freights and Cartage: (Ou t"'ard) Gencral Expenses ....... .. .~.. Brokc:ra$c" .. .. ... . ....... . Meehamcs Traveling EXJX=n . Expenses of Rcturned Goods .. ~ Sen'icc Truck Expenscs .. ,' Outside: Joh ........ . . . . Materials Supplies and Mdse . Sold ...................... . Sales Discount and Allowances.
1)102,272.11
I'
2,860.00 7,723.98 703.09 5,990.)} 2,860.60 1 ,648.67 131.32 2,225.84 80.00 778.57 69.91 605.44 249.08 69.83 1,432.'15
Tot3l SelJing Expenses. Tradi ng Profit ..
Deduct-Administration Expenses : Office Salaries... ... .. .. .. .... Wages. . ....... . ........ .. Renuls .. Light and Water. Poslage, Telephone and Tel.. Office Supplies ........... ..... . Freight and Cartage (Inward). , Adl'enisement. Insurance ... Taxes. , Interest ..... Tr::l\ellng Expenses Ca rOl val Expenses General Expenses. Legal Expenses............ . CommiSSIon on Collection .. Shop' Expenses ........ . Bad'Debts............ . Depf,eeiarion .......... . Lumber Expenses ... Bonuscs. Ex·
27,4]0.11
Tot:!.1 Adm inistfuion penses ...
Ba-
'J.> 74,842.00
Net Profi t T ransferrc:d 10 lance Sheet
' ) 17 ,885.00 1,781.65 5,340.00 1,631.84 1,372.66 968.83 3,307 .72 008.00 1,941.38 193 .95 3,436.74 542 .86 249. 18 } ,978.52 549.10 I ,J51.95 1,772.77 20,655.86 2,957.61 },095.42 7,212.77
--81,853.8 1 I~
28,9)1.06
LIABILITI ES
ASSETS Current As<ets: Cash On Hand. C3sh In Chutered Bank of In· dia, AUSHal ia 3nd China Subscription Recci \·able. Laboratory Material and Sup. plies.
}5,9~2.87
Total Income.
" 297,$27.95 256,414.19
Lus-In,'cnrory June 30, 1936 ..
Fixed Assets: On Retort .. Ltbor.atory Tools and menlo ....... . Furniture and Fixtures.
I' 25,915.14 }89.oo 1,785.74 7,3)].47 519.52
1'1 ,221.03 7,095.20 4~,OOO.00
919.02
1'54,235.25
Capil:tl: Authorizcd-20,OOO ILftJ 4 n~ p~r r;llllr Capital Stock Subscribed. Current Liab ilides: Deposits on Subscri ption. Deferred CreditS: Assaying Receipts.... ......... 1'955.00 Declaration of Properties Fees _ _ _'C'_A_'
" 60,000.00 6,800.00
___'88_"'_
1,069.90 Equip.
Option on Mining Propcuies : Development Expenses ..... . Organitadon Expenses .. Dc-ferred Ch 3rges: Salaries .... ..... . Rent 3nd Leases .. . Ad\·erdsement. Traveling Expenses Legal Fees ................ . General Office Expenses.. .
2,546.11 925 .80
4,541.81 1 ,'i69.03 4,387.}5
1, 125.SO 190.00 298.75 151.68 550,00 739.03
3,054.96 1~67,788.;o
Y 67,i88. 40
PHILI PPINES VISA YAN MINERALS, INC. Head Office: 3rd Floor, Montinola Bldg., lloilo, noilo, P. I.-Branch Office : 7 Plaza l\Ioraga, Ma~ nila, P. I.-Directol路s: B. D. Dillow, President and General Manager, Atty. Tomas V. Vargas, 1st VicePl'esident, Dr. Fermin G. Caram, 2nd Vice-Pres~ ident, E. J. Saul, Member & Treasurer, Dr. Manuel V. Hechanova, Member-Secrctul'Y: Arsenio T. del Rosario. Annual Report as of December 23, 1936. It gives us gl'eat pleasure to inform you that th is Company has acquired for operation all the vast holdings of the Antique Consolidated Mines, Inc. T his deal involved 10 groups of 317 lode clai ms of Ch l'omite, Manganese and Asbestos located in A nti~ que Pl'ovillce, and 40 lode claims of Gold on the Island of Panaon near the north end of Surigao P rovince. Shipments of Doth Ch romite and Manganese from this property have already been made to Europe and New York with large repeat orders from both places. The Visayan l\'linerals, Inc., has taken over this valuable property on a profit-sharing basis from the Antique Consolidated Mines, Inc. The President and General Manager of the Visayan Minerals engineered the deal. After obtaining seveml very encouraging reports from r eputable min~ ing engineers on this property and with the positive proof of values furnished by the shipments abroad, he made a very equitable offer to Antique Consolidated through its President, which offer was accepted. Operations were started the day following the signing of the contract. There is now r eady for loading about five thousand to ns of fai r g rade Manganese and we expect to make a shipment within the neal' future. This transaction is rather rema rkable, in view of the fact that shipments of ore have actuall y been made from this property, and a large amoun t now available is r eady for shipment at any ti me that transportation can be arranged. Visayan Mincr als is capitalized in only twenty thousand (20,000) shares of no par value. This presages a very handsome income on this small number of shares and a future split of probably not less than ten for one. Antique Consolidated is vel'y fortunate in closing this contract, as by so doing it should be deriving from the same an income before the end of the year. The shares of this latter company have tht'par valueof ten centavos and should soon be soar 路 ing above many now popular stocks listed OIl the exchanges of Manila. This indicates Illainly that both companies hllve becn greatly benefited by the deal.
507
It is noteworthy that the deposits of Manganese mentioned above have been visited by Mr. Van Fleet of the Union Carbide Co., of the U.S.A., the greatest consumer of Chromite and Manganese, who stated that they were probably the largest known to exist. A licensed mining engineer who carefully examined one gl'OUP of 35 claims of this property, reported that it contained three and one half million measurable tons of Manganese. This report (the first made on the property) has been confirmed in part latel' on by three other engineers who examined the Ileposit!:. F r om the above, it is apparent that we will become in the neal' futllre one of the world's greatest producers of th is important strategic mineral. SUA LE O I L
Const\'uction of the first retort for extracting crude oil or petroleum Il'om the shale is now completed and the machinery is ready to be transported from Iloilo to the site where it will be erected on the reinforced concrete substructure now completed. Under favorable conditions, the work to install the mill shou ld start by March 1st, 1937. Meanwhile continued laboratory tests 011 this oil shale showed very satisfactory l路esults. Should this first mill or retort, now ready to be erected, comes up to our ex+ pectations, this Company will be producing approximately two thousand gallons of crude oil per day b)t March 15th, 1937. GOLD Work on this property, located in the northern part of Iloilo Province, has gone ahead with better results than was expected. Both coppel' and gold values on this area are r unning satisfactorily, the coppel' showing in lllany sllmples as high as 48 % and in no case lower tha n 12 % . This is cer tainly promising and to start actual mining operation leaves nothing to be accomplished, excepting the determination of tonnage. The gold values have been erratic, showing from $.82 up to $3.48. This pr operty is located within thrcc kilometers of the beach with a deep water loading point. Nothing much can be stated at present regarding the gold claims on Panaon Island, as thel'e has not been sufficient work accomplished to determine values. However, free gold in small quantities has been obtained frolll the surface. This property is in direct line with some of the best SUrigao gold mines and has a very encouraging futUre. Work there will be stal'led within a short time as is possible.
508
THE COMMERCIAL & INDUSTRIAL MANUAL COPPEll
OUI' activity on this mineral has not been pushed very much due to lack of time and t o the fact that t he gold urea containing also t hi s coppel' sho wed ll l) so fa,'orably that it was decided to delay wor k on t hi s gzoup until sometime lutel'. Howeve r , this propc l'ty has all the earmarks of being a really valuable deposit. GANATtTE
This il'OIl deposit is more promi si ng each duy. It is vcry extensi ve on t he s ur face bUt., up to date, of unknown tonnage. Little work has been done he)"e owing to t he fact t hat this Company being recently orga nized, sufficient time has not yet been available. It is, however, planned to pu t a force of men on thi s project i,ll t he neal" futuro. The property extends to the coast and enjoys a well protected loading point with deep water. GllAl' lI lTE
Thi s mineral, like the magnatite, is still an unknown quantity. No exploration work has been accomplished here. I t, in fa ct, still remains a very encouraging prospect and will be gone into thoroughly in the near future . This property contains oil shal e and not well oil as may be elToneously inferred by the wo:ding or the lease. This shu le occurs in a ridge. which runs in a SOt路thwP 5tCrly direction, and can' be traced by its outcroppings f or a distance of about s ix kilometers, and from the outcr op fart.hest to the north to t he one farthest to the south is a distance of 900 meters, 路 thus giving ail area of some 5,400,000 sq. meters. The sea m varies in thickness from 30 centimeters to 40 centimeters. Making use of the lesser of these t.wo values, it. will be seen that the~'e exists a t lea st 1.620,000 cubic meter s. The specific gravity of this sha le is about 1.6, 50 th at. t.here is a deposit of a J)robable 2,600,000 tons. Ten outcrops huve been found in this ridge and lheir position is such thAt it is reasonable to belie \'e that the shale is continuous between t ime. These outcrops arc in streams which cut the ridge and no effort has been made to determine the actual extent of this particular seam. but it is almos t certain that t.he above estimate is 01liya vcry SJIlCI lIl)C11"t 0/ lite shalc body. Thi s could be easily detcl'lliined with II small drill a s apparently the shale follows closely t he general contour of t he hill and thel'C is not much ovcrburdcn. Emphasis should bc laid on the fact lhut thesf! outcrops :\I'e the
ones which have been found to the south of the manganese workings. The quality of the shale as determincd by the Bureau of Science at Manila shows it to contuin not less than 32 ga llons per ton. All t.hc sumples submiHed were taken from the surface where the oil of course has g reatl y evaporat路 cd. It has been stated by oil geoiogiski that these s urface samples of such high oil content will contain, at lea st, 100 gallons of oil l)el" ton at depths. Taking the average at say 60 gallons per ton we have the astounding t otal in these three blocks which form onl y one-half of the area under lease of one hundred fifty-six million gallons of high gmde crude oil wor th probably not less thun Thirty-one Mi llion Two Hunch'cd 'rhousand Pesos (1-'31,200,000) at the milL The other half of the area will possibly plove as good as the one under rellort. In t his case your Company can count on not less than Sixty l\Iillion Pesos (P60,000,000.00) in oil values and I)Ossibly n much greater amount. Since t his report went to press the f ollowing chan~es have becn plac2d: J. A. Henry, formerly of the Atok Mining Co., has been engaged and is now in charge of our mangancse mining. Mr. Jerrnl fOl'llWrly Superintendent of the Uling 1I1ines, ha s taken charge of all our chromite pl路operty. Th (!o.~e men are both rated as really good miners and we feel secure now in the matter, at least, of miners. We ordered our reprcsentative in the U.S.A. tCl engnge for us dh'ectly from the manlJanese mines of Arkansas the bes t mining engineer available. H (' must, above all, be highly qualified in the treatment and mal'keting of manganese orcs. This man will be employed exclusively on manganese. The object is to produce a high grade concentrate of unifOI'm qual ity. In the rush or busi ness, our yearly report docs not mention one very impol'lant matter, 50 we take this mean s of accounting ou r shareholders thc following detail. Included in the contract with the Antique Consolidated l\1ines, Inc., this Company WRS ~ranted the privil~ge of nominati ng purchasers for four million shares of Antique Consolidated stock at pal' (PO.IO). This right hol ds for one ~'ear from J an. 30, 1937. Last Sel)tember these shllre~ wert! sell ing for as high a s Pesos 0. 14 with active buying. We now feel that, in view of our present inc.reased adivities on the Antique property, the!>C shurcs will probabl y go u p to a s hi/o!h 85 P e'>os 0:10 withi n n yeu!". I n this ca se Vi snyn n Minerals ~hart!hol de l"!\
PHILIPPINES will each realize a pl'01'ata profit on Antique shares of considerable amount, depending on their propor路 tionate holdings of Visnyan Minerals.
VlSAYAN OIL CO., INC. Hecul Office: 114 Crystal AI'cadc, Manila-Reyisterecl: November 1, 1935-T,wllt" 50 ycurs-BlIsi!less: 1'0 Drill and Operate for Petroleum, Oil and Gas, to Produce Petroleum, Oil and Gas and Other Minerals, etc.-Nationality,' Filipino-Capital Stock: 2,000 shares, all of which are without nominal 01' par value-SlIbscl1'bed Capital: Pesos 5,OO!.l OO-Capital Pflid: Pesos 2,500.00-hlcoJ'poI'Cltors and Directors: Flol'cncio GUI'l'iz, R. J. Campos, Jose C. Zuiucta, R. V. de Mendoza, Murino Olondl'iz, Lalll'onLino GarI'iz, Juan Mnthewdakis and HCl'mcncgitdo L . PascuaL (Florcncio Garriz, Juan Mnthewdakis and Hel'menegildo L. Pascual" are incorporators only)Trelts!trer: Laurentino ~lTiz, Mani la, P. I. VISAYAN REALTY, I NGOR P ORATED Head Office: Cebu, Cebu-Registe)'ed: July 31, 1935-Tel"1IL' 50 years-Bl1si1'\ess: To Take, Lease, P urchase, or Otherwise Acquir.e, and to Own , Use, H old, Sell, Convey, Exchange', Lease, Mortgage, WOI'k, Improve, Dcvelop, Cultivu.t e, and Otherwise H andle, Deal in, and D ispose of Real Estate, Real P roperty and Any Interest or Right Therein-Naliotlality: Filipino-Capital Stock: Pesos 100,000.00 divided into 1,000 shat'es of the pa,r value of P esos 100.00 each-Subscribed and Paid Callital: Peso~ 100,00:J.UO-ltICo)路},oratoJ's and Dil'ectol's: Simon R. P atel'llo, Manuel Cuenco, Romualdo E. Solon, Edilberto Osmeiia, Lourdes R. de Veloso and Buenaventu r a 1\1. Veloso. (Simon R. Paterno, is an incorporator only)-Tl"eaStH'el": Buenaventura M. Veloso, Ccbu, Cebu.
VISA YAN RAPID AND NEGROS TRANSPORTATION CO. Hea(l Office: Manila, Philippincs-Regi~te/"ed: September 20, 1937-Bllsiness: To operate motor vehicles for the transportation of passengers, etc.-
509
Natiol!ality: Filipino-Capital Stock: 1'500,000.00 divided into 5,000 shares of the par value of 1'100.00 each-SlIbscI'ibcd CU/lital: fl350,000.00-Cu.pital Paid : P 1G5,000 . OO-I~ICOI路llol"ato/"s; Jorge L. Aranetn, Ramon S. Araneta, J. Amado Arnneta , Aguedo A, Gonzaga und Bcnjamin C. Gaston. Vi SA YAN SURETY & INSURANCE CORP. Hefld Office: Gotiaoco Building, Cebu, CebuNatiollaht/J: Chinese-Business: Fidelity, Surety, Fire and Accident--Establi8hed: July 14, 1931- 路 Telegraph: " Vi~ayan S'Jl"ety"-Cocl>1~ A BC 5th F.clit.iollj Urntky'!'; Pl'ivflte, Arme Duo- P )'iltri1)als: Mnnl\('l Gotiulluy, P l'esidentj Go Chan, VicePresiilcnt- BI"(w("/,,,"s: Manila, noito, Zlullboallga, Ba~uio. -B/l.ul< Refc"ell/:cs: China Banking Coqlol'ati.-m, Philippine National Bank. VIUDA It HIJOS YU ENG KAO & CO. Head Office: 602 Azcarraga St., 1\lallila-ReyisteJ"ed: September 9, 1936- Term: 10 years, from September 9, 1936-Business: To Continue the Business of Yu Eng Kao Electrical Supply and Hardw<,.re-Nat,iollalit,y: Chinese-Capital: Pesos 14,220.00-Capital contributed by encil 7Ia)"/nl)l"; Lilll Hui Heng, Pesos 4,740.00; Yu Han Yat, Pesos 4,740 .(10; iYu Guat, Pesos 4,740.00. WABIC ?lHNING COMPANY Head Office: l\lanila, Philipllin ~ s-Regislered: December 11, 193G-Tcrm: 50 years- ihlsincss: Mining-Natiollality: American-C(1)ilal Stock: Pesos 200,000.00 divided into 200,000 shares of the par value of Pesos 1.00 each-Sllbsc)-ibcd Callital: Pesos 40,000.00 Capital Paid." Pesos 10,000.00-blcol"pomt01'S: Paul A. 1\1. Morgan, H. A. Burgers, J. A. \\'l'ight e.nd Fcli): Gulick, W. Ick, G. T. GelTingel', H. R. Andreas, M. J . Torres. WADHUMAL RAMCHAND & COl\'IPANY Hcad OffIce: Zamboanga--Natiollality: BritishIndian-Established: 1922-B!(sillcss: Gencral Merchants-Authorized Capital: Pe!';os 58,OOO.00-An-
VISA YAN SURETY & INSURANCE CORP. Godaoco Building, Cebu, Cebu Philippine Islands INSURANCE:
F I DE LI TY, SURETY, F IR E & ACCIDENT Branch Officcs MANILA I- LOILO- ZAMBOANGA - BAGUIO Tt/rgrapb Addms: "V ISA Y AN"- Codu: ABC 5th Edition, B::nder's Private, Acme, OliO SURETY
SIO
T HE COMMERCIAL & INDUSTRIAL MANUA L
7I1wl Tltnw vtr : Pesos I OO,OOO.OO-pj·illci,ml: Wadhumal R:\lllch n l1d -Teleg)"a1) /~ A dd)'C88: Ramchand -8(/}!I~ Referelwe : Chal'tered Bank of India, Aus· Lt';\\iu & China; Bank of t he Philippine Islands. S. 1<. WALTERS & CO., I NC. f/"(ld Office: 168 SoleI', Manila- Reyistcl'ed: Mlll'en 2(), 193/i-Tenn : 50 ~'el\rS-8118il!e88: General M crchant~ , etc.-Nationality.' Swiss-Cu7,ital Stock: Pesos 100,000.00 divided into 1,000 s hal'cs of the pllr value of Pesol; 100.00 each. WARNER, BARNES & COMPANY, LTD . H co cl Office: London-Bnl1lches: Manila, Iloilo, B acolod. Ccbu-Natio?lUlity: B :'itish- B1ISi"cS8 :
E xporters and Importers; Shipping, Insurance and Gencnd Agents-Esta blish ed : 1848 as PecIc, H ubbell & Company; 1887 Reor ga nized as Warner, Bl odgett & Compa ny j 1.896 Orgnnized under the present style-Umited Liability Com pany-P I'iJlci1)(l /II : Lt. Col. P. H odsoll, D.S.O., j\'l ann~ in g-Dire c to r: Directol'lI: J. T . Figuera\ '1' . F. A. Bibby, F. J. Hawkins. E. C. Barnes, Genl!lul Manage!', W. L. Bramwell, Sub-Managers V. H . Masefield and P. H. Leys hon -Agc)lt .~ 101' : Nippon Ylisen Kais ha; Cunard Whi te Sll'l', Ltd. and Bibb\ Line, Imp"'ial Ai,'·
ways, Ltd. ; The> l\1irl'iees Watson Co., Ltd. ; Min_ Ices, Bickerton & Day, Ltd.; John Thompson Wate .· Tube Boi lers , Ltd., Pott, Cassels & Williamsoll; Hongko ng & Whampuo Dock Co., Ltd. ; Speny Flour Co.; Shell Chemical Co. (Sun Fmncisco) - h /llw·cl.1/ce Agencies : Law Union & Rock Ins. Co., Ltd .; The China Fire Ins. Co., Ltd. : Connecticut Fire Ins. Co. of Hartford , Conn.; The Tokio Murinc & Fi.·c I ns. Co. , Ltd.; The Yangtze Ins. Association, Ltd.; The Fuso Marine & Fire Ins. Co., Ltd. ; The Sea Ins. Co., Ltd.; P earl Assoc. Co., Ltd.- Gellera l M a1IUgel'S 1<J1': Commonwealth I nsurance Co.; Ramona Milling Co.; Iloilo Warehousi ng CO I'I) . -TelegI'Cl]lh: "Warner"-Codcs: Bentlcys; Acme; Nationa l ; P rivnte- B(11I1c RelcI'cllce : Hongkong & Shanghai Banki ng COI·poration. H . A. WENDT & CO., LTD. PARTNERSHIP H ead Office: li S T. Pinpin , Mnnii:l, P . LNationality: Filipino-BlIsh/css: Mine Manuger s, Consulting Enginccrs-Estoblisheli: AUJ!ust 28, 1936-Reoislel'ed Cn.]lital: Pesos 50,OOO.OO- T (;/cgraph: Wendt -Partners : HalTY A. Wendt, Charles W. Armstrong-BatIk R elel'cllce: lionA'lcong and Shanghai Bunking Corporat ion.
H . A. WENDT & Co., INC CONSULTING ENGINEERS- GEOLOG ISTS - ASSAYERS - MINE MANAGEMENTDIAMOND DR I LLING CONTRACT OR S 118 T. Pinpin. Mani la P. O . Box 3228 Cabl e " WENDT", Man ila Telephones: 2-17-54-2-17-55, Connecring All Deprs.
M ANAG ING OPERATORS FOR: ANGELO MIN1NG COMPANY , BATOBALAN I M IN ING COMPANY, MINERAL ENTERPRISES, INC., MA LI GA YA UN IT M INERAL ENTERPRISES, INC., MALAGUIT UN IT
PHILIPPINES WEST CO AST LIFE INSURANCE COl\rPANY H ead Office: San Francisco-Maniftl Otilce-: Metropolitan Thentl'c BuiJding-Bntllches: Portland, Seattle, Dallas, Los Angeles, Salt Lake City, Denver. Honolulu, Shanghai-Nationalit,y.- American-Bu.sineJ/8: I,ife Insurance-Established: 1906 -Private Limi ted Compuny- 17lcol'pomled.- in California-Robert E, Cecil , Manager Manila Branch.
WEST PACIFIC LU},1BER CO., I NC. Head Office: SUl'igao, Surigno-Registered: August 15, 1936-Tel"1n: 50 years-BlIsiness: The
Development of Lumber Industry, and to Engage in the Business of General Contracting, etc.-Nationality: F iiipino-C(1)ital Stock: P esos 48,000.00 divided into 480 shar es of the pal' value of Pesos 100.00 each-Sltbscl'ibed aqld Paid Capital: Pesos 20,OCO,OO _lncorpol'atoJ's antl Directors: Samson Bonpin, Damiano Conde, l\'I atias ~ biling, Ong H :ng Lian and Sim Engiap-T?'easurel' .' Sim Engiap, Surigao, Su'rigao, WEST SURIGAO GOLD MINE, INC, Head Office: 706 A. i\labi,ni, Manila-Registered: Octobel' 19, 1936-Tel'm: ~O years-Busine8~: Mining, Milling, Exploring, Concentrating, Converting, Smelting, Treating, Preparing for Market, i\Ianufacturing, Buying, Selling, Exchanging, and Otherwise Producing and Dealing in Gold, Silver, Copper, Lead, Zinc, Brass, Iron, Steel and all Kinds of Ores, Metals and Minerals, etc.-Nationality: FilipinoCa7)ital Stock: Pcsos 1,500,000,00 divided into 15 ,000,000 shares of thc pal' value of P esos 0.01 each -Sllbscribed Capital: P esos 300,000.00-Capif.al Paid: Pesos 75,OOO,OO- I'Ilco1'1)ol路atol路s and Directors: Francisco Soriano, Rosario J , de Soriano, Benjamin Jalandoni, Paz L . dc Jalandoni, Jose Soriano, Manuela L , de Soriano, Ca l'idad Montinoia, F e Montinola, Joscfa Vda. de SCg'ovia, Bclen J. Soriano, Ampal'o J , Soriano, Nicolas Jalandoni, H omero J. Soriano, H ector J. Soriano and Jesus J, Soriano, (Francisco Soriano, Benjamin Jalandoni, Caridad Montinola, Belen J. Soriano and H omero J. SOl'iano, arc dil'erlors onl y)-TI'6flsm'el': Benjamin J alandOIl'i, fl lanila, WEST SUYOC MI N I NG CO. , INC. Head Office; Room 302 Kuccdlel' Bld~., Manila -Registered: January 14, 1937-Terlll : 50 yearsB!lsineIl8: Mininrz:-Natiollaiity: Filipino-Capital Stock: Pesos 300.000.00 divided into 30,000,000 sha l'es of the pal' value of Pesos 0,01 each-Subs-
_ _ _ _ _~51 1
cl'ibed Capital: Pesos 60,000.00- Capital Paid: Pesos 15,OOO,OO-lncol'pol'atol'8: Gonzalo T, Vaies, Guillermo Z. Villanueva, Mal'ia C. Kamantigue, Concepcion Yulo Garcia and Mateo F. Occena. WESTERN ELECTRIC COMPANY OF ASIA Hea,d Office: New YOl'k City-Bratlcltes: Ma. nila, Singapore and Shanghai-Nationality: American-Busille8S: Importer s of Western Electric Sound E quipme nt from U.S.A.-Established: 1929 -Phiii1J])ille Mallager; William J. Roth-TeleY)'aph: "El'piol'ient"- Code: Private-BalIk Re/er. ence: Philippine National Bank, Manila. W ESTERN EQUIPMENT & SUPPLY CO. Hea!/ Office: 117-125 '1'. Pinrin , A/ aniln-Na. tiollalit.y: American - Blu:iJlf!S8; Importem and Dealers in Electl'ieai Supplies-1'elegl'aph: "Weandsco"-W. A. Chittick, Mnnagel'. WHITE HOUSE FURN ITURE CO, Head Office: 364 T, Pinpin, Manila-Natiollal_ itll: Chinese-Busine8s: Furniture Manufacturers and Dealers-E stablished: 1932-Gellel'al Ma1tayel': J. Lidio-Ballk Re/el'ellce: China Banking Corporation. WHITE, PAGE & COMPANY Head Office: r.lnnila- Bmnck: Iloilo-Nation_ ality: British-Busine88: Chal'tered Accountants; Certified Public Accountants_ E stablished: 1916 in ,M anila; 1931 in Il oilo-Rcgistel'ed P artner ship be. tween C. P . White, A,C.A. C.P.A, and P. S, Page, A,C.A. C.P.A .- 1'eleg}'(1ph: " Vigilant"-Code : Bentleys-Bal1k Re/erence: H ongkong & Shanghai Banking Corporation; Chartered Bank of India, Austra, lia & China ; National City Bank of Neew York. J . C, WILLIS CORPORATION Head Office: Baclaran, Parniiaque, Rizal- Registel'ed: Septembcr 6, 1935-TII')Il: 50 yean'BMiness: Auto and Truck Body Building, General Motor Repniring, i\lnking FUrnitUl'es of all Kinds, etc.- Nationality: Amel'ican-Ca7)ital Stock: P esos 49,950.00 divided into 4,290 of which 300 shares of the par value of Pesos 100.00 cach and 3,990 of the pal' value of Pesos 5,00 each- Sltb8cl'ibed and Paid Callital: Pesos 10,OOO.00- i llcol'poratol'$ alld Dil'ectOl'S: J, C. Wili s, Soledad M. Ramos, Trineo i\f. Vida, Joseph Thos, Casay Jr., and MaI'iano MarceloTnJasw'er: Soledad Ramos, Pal'aiiaque, Rizal. P. I.
512
TH E COMMERCIAL & INDUSTRIAL MANUA L
TRADE
&
COMMERCE BUILDING
DESIGNED , CONSTRUCTED AND ONWNED BY
MARION
M .
KAROL CHUCK
READY FOR OCCUPANCY J U LY I, 1936
PHILlPPIN ES
THE NAME
UNION HAS BEEN IDENTIFIED WITH MAGAZINE SUBSCRIPTIONS FOR OVER FORTY YEARS DURlNG WHICH PERIOD MORE THAN 28 ,000,000 PEOPLE HAVE BEEN SERVED WITH THE WORLD'S FINEST MAGAZINES
UNION CIRCULA nON CORPORATION
SlJ
KNOWLEDGE IS POWER
READ MORE KNOW MORE
I
Subscribe For Your Favorite
MAGAZINES By Fast Clipper Mail THROUGH
217 Dasmarinas
Manila Cables, UNICORP Tel. 4-87-S0 HOME OFFICE,
Union Circulation Co" Inc. S Columbus Circle New York City Natio1lality: BUJ;mu:
American Magazine Circulation
Builders Balik Reference:
Chartered Bank of
India, Australia and China Manila
GROUPS OF HIGHLY - TRAINED MEN AND WOMEN ARE NOW OFFERING THROUGHOUT THE FAR EAST THE DISTINCTIVE PERSONALIZED SERVICE UPON WHICH THE REPUTATION OF
UNION IS BASED
Union Circulation Corpora tion REPRESENTING THROUGHOUT THE ORIENT I THE WORLD'S LEADING PUBLICATIONS
COOPERATION SERVICE ECONOMY
THE COMMERCIAL & INDUSTR IAL MANUAL
514
1-
NATIONAL GLASS & GLASSWARE MFG., INC Room 145 Regin.1 Bldg., Escolt.1, M:aniI3, Philippines
Permit Gtanted To Sell SECURITIES By The Securiti es Exchange Commission On December 7, 1937 Plfli'0se:
To engage III th e manufa cture of all kinds of Glasses, such as Bottl es, Glass, Mirrors, Tablewares, Glass Plates, Window Glasses, Glass Coma iners, Etc. Officers of Ihe Corportltioll G. Opinion M. Goldenberg C. D. Pnrroch" P. B. Gonznles H an. Pedro Gi l ______ _
Pre.ridwt Vict-Pruidwt T rlfl.flfr(r
Sen'uOIY MfllIb,r
Engineer Enrique Loptz A ery. Emilio Su. !tit;l
Ms.1. A. Bince
M ffllbfr
lvfl-. P. L. Briones r..i(iss Feli ~'1 Geronimo
"Ai (lIIbu
_ _ _ Clip and rnail chis Applic.1rion for RC5cn'ariOll _
THE NATIONAL GLASS
&.
M flllbfr A f flllbfr
ft'f(lI1bfr
_____ ___ _
GLASSWAR E MANUFACfURER, INC.
2nd Floor Rcgina Bldg ., fo,hnih
MINIMUM RESERVATION, 10,000 SHARES 1'0' 'he ~"'ro" 0/ "'S.,inS in ,~, m. nu/.Clur< of 8Iu•. 8t... ,,·....nd ,II o,h., 81."
Sit·
.",eI", I h«cb, 'rpl} fo, ,<>." .. ioll 01
.. SIIAI\ES. u<h .. 'h, r>< ,-.1", of O:-:E CENTAVO (l'l!.OI), 01 ,h. "rn~1 nod of 'he I"OJ'O""/ «lrf"'""on. Ih< N"TION,\L GL"SS GLA~'W "[{Ii MtI~U!"CTU'lI:R,
INC., Or a '''I>I 0/. • .
.... IE >oS(r 'n r'~ 'h' ~. I.r.(: .. any 11m, ,,10," t.I"J fo, b." ,b: IkurJ gf n,,«ton of tb: u;J propo..,J (O'f"'""on. If ,n c• .., of o",.,ubo«'r"Qn. rnr.·a·'<rur.« Or an. !.,,·r~1 ''''''0. m' "'C1".",0~"
1)"oJ >oJ "8",J ..
d ... of.
";.-,,oJ, I "8'''' '0 'he ,du,,j "f .... Je!"."
19l5.
THE PRfuJ::o,:(r: ur
SIC'[!)
I~
~OTF
rl<." " .. t, . JI ,h<l ~ •• n I It.",,, orJ,,, r ... bl: '0 :o,:,\TIO:o,:I\L GI.I\$$ " GIH\SSW "'RI: ~l.\l\l·f'I\Cn'IlUl, I"Co
I\J)OM[SS
'- -
It
PHILIPPINES FRED WILSON & CO., IN C. Head Office: 53·55 BanneR, Manila, P. O. Box 276-NationcUity,' British-BI!si1/6SS: Consulting Engineers and Importers of Machinery-Esta,blishcd: 1873-Authorized Capital: PC!lOS 500,000.00Tele;J ; a.ph: " Frcdwilco"--Codes Used: All Standard Codes-Branch Offices: Iloilo, Ccbu-General Manager: C. A. Clenr- .Agencies: SKF Ball Bearing Co., Marshall Sons & Co. (SUCCl'S.) Renold & Coventry Chain Co., Petters, Ltd., Engelberg Huller Co., Sand"iken Steel Works, Kordt & Rosch, Swedish Wire Rope Co., Wire Rope Mfg. & Equipment Co., John Fowler & Co.-Bank Reference: Hongkong & Shan~ hai Banking Corporation. WING, CHEONG & CO., LTD. Head Office 817 Azcarragn and Ave. Rizal, Manila-Registered: September 13, 1937-Natiolt(J/ity: Chinese-Blui?les8_' To engage in the business of hotel and l'estanrant;-Capital: P30,000,OO-Capital c01ttJ-ibut... d by each l}~trtnl}l': Yap Tak Wmg, general partner, P20,000.00; Cheong Chan general partner. P2,OOO.Otl; Go Fan, limited partner, P3,OOO.00; Chiu Chiong, limited partner, P3,OOO.00; Yap Tek Wah, limited partner, P1,000,OO, Yan Yut, limited partner, P1,000.OO-·ManageJ": Yap Tak Wing, WINTHROP CHEMICAL CO., INC. Head Office: New York Cilly-Branch: 670 DasmariUas, Manila-NatiOlwlit,y : American- BusineRS: Drugs; Manufacturin'g Chemists-BalIk RI'fe o'l'lI(;e: National City Bank of New York. WISE & COMPANY, INC. Head Office: 176 Juan Luna, Manila, P . O. Box 458-BI'aJlch: Iloilo, P. I.-NatioJlality: BritishBU8in6B8: Importers and Exporters; Insurance Agents-Established: 1826 in Manila; 1876 in ll oilo
5KF
51)
- Incol'porated undcl' the Laws of the Philippine I slands-AttlhoJ'izetl Capital: Pesos 1,000,000.00; Paid-in Ca1Jital: Pesos 500,000.00-PaJ· Vallie of Shal'es; Pesos 100.00-Annual Turno'Ve)'; Pesos 6,000,000.00"'-PJ"inCi7Ja1s.' T. A. D. Aplin, E. Heybroek, N. R. E. Hawkins, N. T. Reid, N. S. Wotherspoon-Agents fol': The Central Agency, Ltd" Glasgow; W. and R. Jacob & Company; Pilsbury Flour Mills Company; " Hereford" Corned Beef; Slazenger Sporting Goods; "Minerva" Galvanized Iron; Cross and Blackwell Products; Haas Bros. Groceries, etc.- Telegra1Jh: 'Sapiens"-This concern claims the distinction' of being thc oldest British firm in Manila-BatIk Reference: Hongkong & Shanghai Bank~ ing Corporation. WOO, LO BROS. & COMPANY Head Office: 1424-1426 Calle Henan, Paco, Manila-Registc)'etl: July 17, 1936--TeJ·In.: Five years, fl'om July Hi , 1936-Bu$ine$s : Import, Export, Wholesale and Retail, Groceries, etc.-Natio'Jl(llitll: Chinese-Capital: Pesos 20,000.00-Capital contributed by each I)UrtJleJ': Woo Row Chii, Pesos 5,000.00 1..0 Ching, Pesos 4,500.00 j Lo Siong, Pesos 4,500.00; Ng See Keng, Pesos 3,000.00; Kwong Yap, Pesos 3,OOO.OO-Mouaoe,·: Woo Kow Chii . WOO, UY-TIOCO & NA FTALY Heo(1 Office: 322 San Vicente, Manila- HllsilIess; Stocks & Bonds-Established: 1935; Reregistered; May 1937-Co-pal'tnership-PI-incipals: James Woo, Pedro Uy-Tioco, J. NaHall', C. E. Woo -Paid-U,> C(1)ital: Pesos 160,OOO.OO-Resel·ve: Pesos 21,354.91 (Sept. 30th, 1937) - Ba'Jlk Reference: Hongkong &. Shang hai Rankin!! Corporation
B:\LL AND ROLLER BEARINGS, STEEL SPLIT PULI.EYS. PILLOW BLOCKS. POST & DROP HANGERS
~ill Supplies of ever.l· description: Belfin~, Packing, Valve5, Babbhc Metals, Wire Rope. Log~ l.ng Blocks, Drill ~tcd. Oil and Dicsel Engines, Steam En~ines and Boilers. Saw Mitl Machlncry, W~worktng M.achincs, Band Saws, Planer Knives, Cotter He3ds. Rice, Sugar. TobJcco and Cigarecte Machlllerr. Mining Machinery and Supplies: Redwood Tanks.
"BLUE DIAMOND" Lubricating Oils & Greascs. ("'PUKKA PENN"- lOO % Pure Penn5rl\'~nia Motor Oils)
FRED WILSON & CO , INC 53-55 Barraca, Manila, P. I.
Telephone: 4-98-31
516
THE COMMERCIAL & INDUSTRIAL MANUAL
T. J. WOLFF & COMPANY l NCORPQRATED H ead Office: 25 Plaza Goiti, P. O. Box 920, Manila-B?'CLnchCl8: None-Nationality: Amel'ican81/siness: General Merchants-Established: 1935Private InCOl'p'Ol'ated Company-Pdncipal8: Thomas J. Wolff, President; James R. Redfern, Manager_ Telegl'aph: "Wolco"-Codes: All Standard CodesBank R eference: The Nation'al City Bank of New York--AgBnts It.,.; N . Y. Philips Gloefilampen fnbrieken , Eindhoven, H olland; Perfection Stove Company, Inc., Cleveland, Ohio; Hellesens Enke & V. Ludvigsen, Ltd., Copen'hagen, Denmark; Uni bed Aircraft Exports Corp., East Hartford, Conn.
Pesos 3,000,000.00-Proprietol': Ramon L. CorpusTradc-lIIar/;: Tl'y-Tran-Ballk Ref61'6l!Ce: Bank of the Philippine I slands; National City Bank of New York ; Hongkong & Shanghai Banking Corporation. YATCO'S, INC. Head Office: 627 Escolta, Manila-Nation4lity: Filipino-Business : Tailoring and H aberdasher ,y Established : October, 1929-P rillcipals: J ose B. Yatco, A. Syyap, M. Perez, 1\1. Syyap- Authoriztld Capital: Pesos 35 ,OOO.00-Paid-i)~ Capital: Pesos 3l,800.00-Pm· Val ILe of S ha1'es: Pesos 100.00TelegJ'aph Address: Yatco-8allk Refel'el1ce : Phil· ippine National Bank.
WORKMEN'S ASSOCIATION, I NC. Head Office: Jare, I1oilo-Registe)'ed: September 22, 1936-Term: 50 years-Business: Tr~nspor. rotion-Nationalitv: Filipino-Capital Stock: Pesos 10,000.00 divided into 10,000 shares of the pal' value of P esos 1.00 eacH-Subscribed Capital: Pesos 3,500.00-Capital Paid: Pesos 1,390.00- IncoJ·poJ·at01"l~ amI Directo,·s: Bernabe Villalona, Severino Arguelles, Gil Jalandoni, Benjamin Jardiolin, Raymundo Cantara, Ignacio M. Salazar, Jose Locs i~ , Salvador Santibaiiez, Eduardo Jalandoni, Cesar Ledesma, Vicente J ardeleza, Amado Piamonte, Catalino Guacena, Santiago de la Rosa and Santiago Bernardo.
YAM CH UNG SING AND C0M PANY H ead Office: Manila-R egiste"ed: January 27, 1931-Te",n: Five years, beginning January 1, 1937 .......Business: Printing-NatioJlaMty : Chi nese-Capital: P esos 30,000.00-Capital contributed by each paJ·tner: Yam Chung Sing, Pesos to,OOO.OO; Ah Yau, Pesos 5,000.00; Yam Hang Chiong, Pesos 5,000.00; Van F ang, Pesos 5,00.0.00 \ Yam Yut, P esos 5,000.00 - Manage,,: Yam Chung Sing.
A. G. YANKEY & COMPANY Hcad Office: Manila-Registe)'cd: August 22, 193G-Term: One year, fro m August 20, 1936Bnsincss: Attorney.in-Fact, Administrators, Agents Representatives of Any Kind of Property Belonging \.0 or Possessed by Individuals, Corpor ations, Firms, etc.-Nationality: American-Callital: Pesos 200,OOO.00-Capi/ol contributcd by cach pa,·tllsr: A. Yankey, Pesos 200,000.00, B. D. Charles; Labor. 01"
ct.
YAO AH PIAO & COl'aI PA NY H wd Office: 3-5 Aviles, San Miguel, 'l\IanilaR eg'isteJ"ed: April 3, 1935-Tc)'JI! : Five years beginnin'g with the l si da)' of April , 1935-BusincSB: Building Contractol'-Natio1wlity: Chinese-Capital: Pesos 5,000.00-Capital COlltributccl by tlach partneJ' : Yao Ah Piao, Pesos 2,500.00; Yao H eng H ua, P esos 2,500.00.
YANG, TAN & COM PANY Head Office: 319 Dasmurifias, Manila-Registel'ed: July 16, 1936- TcrlllS: 10 years, from July G, 1936-Business: Importing and Exporting General Merchandise-iVatio-nality: Chinese-Capital: Pesos G,OOO.OO-Capital contributed by each partner: Yang Chiao Seng, Pesos 2,000; 1I1allla061": Yang Chiao Seng.
YAP ANTON & CO., IN C. (TE K D U) H oad Office: Cebu, Cebu, P. I.- R cgistoJ"od: April 16, 1935-Tcrm: 50 years-B1Isillc8s: '''hole· sale or Retail, Import or E xport-Nationality: Chinese-Capital Stock: Pesos 100,000.00 dividl!d into 1,000 shares of the pal" value of Pesos 100.00 enchSubscr;'bcd a71d Paid Callital: P esos ·10,000.00 all in property-Iucorpo)'alors (Il1d Dirccwrs: Yap Anton, Timotco Yu Te()ng, Yap Hiock, Yap En~ Cha}' Dnd Joseph Yap_ T1'ca sw'6r : Timoteo Yu Teong, Ceb;.· , Cebu, P. I.
TEODORO R. YANGCO (TRy-TRAN) Head Officf&: l\1 un ila-Nat'iol!ality: lo'ilipino-Business : L and and 'Vater Transportation ; Real E state-Eslablishtld: 1860 by father of present owner under the style of Luis R. Yangeo-Capital :
YAP TAK W ING & CO., LTD. Hcad Officc: Manila, Philippines-Rogistored: J une 27, 1936-Terlll: 10 years from March 16.1 936 _ B usincss: General Merchandise, etc.; R.est.aurBlit _Nationalitll: Chinese-Ca.pit4l: Pesos 12,600.00-
PHILIPPINES Capital contributecl by eack pal'tller; Yap Tak Wing General Partner, Pesos 1,000.00 j Go Fong, Limited Partner, Pesos 2,000.00 j Chiu Chiang, Limited Partner, PesoJ; 2,000.00; Kom Koo, Limited Pesos 1,000.00; Yang Yut, Pesos 2,000.00; Cheong Chan, Pesos 1,000.00; Ng Sack, Pesos 1,500.00; Yap Tek Wah, Pesos 1,500.00; Ng Si, Pesos 500,DO- Mamager: Yap Tak Wing.
YAP YET AND COMPANY Head Office: 281 Juan Luna, Manila-RegisteJ'ed: June 1, 1936-TeJ"1It: Three years, commencing May 17, 1935-Busine8s." Importing and Exporting Merchandise-Nationality: Chinese-Capital: Pesos 21,OOO.OO-Capitnl cont1'ibuted by each 1JaTtner ." Sy Ban Yek, Pesos 3,000.00; Yap Yet, Pesos 3,000.00; Chua Un, Pesos 3,000.00; Chua Chiong, Pesos 3,000.00; Kaw Bac, Pesos 3,000.00; See Kiat, Pesos 3,000.00; Lim Chiong, Pesos 3.000.00-Ma11a.ger: Sy Ban Yek.
YET< HUA TRADING CORPORATION Head Officc: 6 Barraca, \1anila, P.I.--B1·aneh: Shanghai .- Nrttio11Cl.lity: Filip~o - B1(sincss: Importers & Ex p orterS--E.9tablish): April 9th, 1919
,
,--
CEBU
517
-Authtwizecl Capital." Pcs.os 2,OOO,OOO.OO-Paia-iJ~ Capital: Pesos 1,002,OOO.OO-Pa1· Value of ShaTes: Pcsos IO O.OO-Annual Turnover: Pesos 1,100,900.QO -PI·incipals." Alfonso Z. Sycip, Prcsident ; John Z. Sycip, Treasurer, Albino Z. Sycip, Manue] Z. Sycip, Uy Pit Eng, Go Ti:m Gee, Go Tian Seng, U,y Yet, Chua Son E - Agcltts for: Heymann Mercantile Co., Inc.; American Factors, Ltd.; H. M. Ncwhall & Co.; J. T. Hardeman Hat Co.; Bear Mills l\Hg. Co.; Crystal SIIl"ings Bleachery-Teleg1·a.vh Address: Yckhua-Ba1lk Refe'r enee: China Banking Corporation; Hongkong & Shanghai Banking Corporation.
THE YEK TONG LIN FIRE & MARINE I NSURANCE CO., LTD. Head Office: 320 Dasmariiias, Manila, P. I. -Business: Fire, Earthquake, Lighting, Marine and Accident Insurance, Fidelity and Surety Bonds-Established: July 1, 1906-Aut/w1'izcd Ca.vital: Pesos 500,OOO.00-Paid Up Capital: Pesos 500,000.00Pal' Value of Sharcs: Pesos 100.00-ReBC)·ve : Pesos 383,957.70-Tclegra1,/t: "Yektonglin-Codcs Used: Bentley's and Private--Prinei1}als." G. A. Cu Unjieng, President; Francis eu Unjieng, Vice-PresYeg Keng, Treasurer; Messl·s . Albino Z. ident;
cJ
MANILA
SHANGHAI
YEK HUA TRADING CORPORATION IMPORTERS & EXPORTERS Main Office:
6 BARRACA, MANILA , P. 1.
IMPORTS:
General Merchandise EXPORTS:
Copra & Sugar
~)1",8_ _ _ _ _ _----,T::H.::E::...::C:::O:::M:::ME=R::C::::I::A..::L:..:: _ & INDUSTRIAL MANUA L Sycip, E. E. Wing, K. P. Chen, Dee Chian Hong; Dil'cctors: Mr. i\Janud Lim, Secretnry, l\'lr. Ng 8u Tam, Actg. Manager-Bank R.;fereu()e: China Banking C01'pOl'ation.
THE YOKOHAMA SPECIE BANK, LTD. Head O/Iite; Yokohama-Manila. Office: 34 Pia· za Cervantes, Binondo-BrMlchos and Agencies.- I n the Principal Cities of the WorJd-Natio1Iality: Japanese-Established.- 1880 in Yokohama-Private Limited Company Incorporated in Japan-Capltul f1!lly subscribed ami 2Juid hI: Yen 100,000,000.00The Yokohama Specie BanI;: was founded in 1879 with an authorized capital of Yell 3,000,000.00 with the object of affording financial facilities in respect of the foreign ll'!HI~ of Japan. Subsequently the capital was incl'eased several times and now stRnds at Yen 100.000,000.00 all paid by June 1920. Business canied on by the.. bank consists of; (1) FOl'eign Exchange; (2) Inlanil Exchange; (3) Loans; l4) Deposits of Money and Custody of Articles of Value; (5) Discount and ~ollection of Bills of Exchange, Promissory Notes and other Securities; (6) Exchange of Coins-The B1,k may a lso buy or sell Public Bonds, Gold and Silver Bullion and Foreign Coins, if so l'cquircd by the condition of its busi· ness. It may also be intl'ustea with matters relating to Foreign Loans and with the Management of Public Money fol' International Account. YOUNG & BALDWIN, I NC. Head Office: 3rd Floor, China Bldg., Manila~ Registl')'ccl: March 19, 1936-Tcl'tu: 50 years- B1!si·
1II~8S:
Brokers, Fuctol'S, Trustees lind Agents; Real Estate - Natiol!ulity: American - Capital Stoe/.:: Pesos },OOO,OOO.OO divided into 10,000 shares of the pal' value of Pesos lOO.OO ench--Subsol-ibed and Paid Cctl)itai: Pesos 200,000.00; Cash: Pesos 200.00; negotiable secUl'it,ies J99 ,800.00-- I'HcoI1lomtors flJ!d Dil'cctors; Carlos Young, Newland Baldwin, Adele C, Baldwin, BU1'l'Y Baldwin and Margaret Baldwin _Treasurcr: Cados Young, 1 Naushon Road, PaSfl.Y, Rizal. YU CHIO & COMPANY Heud Office: 528 Candarn St., Man il a-RegiBtel'ed: March 27, ]935-Ter-m: Threil years, beginning January 1, 1936-BlIsin68S: '1'0 Engage in Business of PUl'chase and Sale of Second Hand Articles -Nat-io7!alit;y: Chinese-G(1)ita/.: Pesos ]0,000.00Gu,pital c01!t,'ibllted by ea ell 7)/~dner: Yu Chio, Pesos 5,000.00; Yu Huall Lay, Pesos 5,000.OO-M(Ulagcl·; Yu Chio. YU WAY & YU HENG Head Office: 632 Azcarraga, Manila-RegistCl'ed: Apri l 22, 1936-Tel'm: Five years from Aprit 17, 1936-BIISilleB8: EI~ctrical and Hardware Mel'chants-Natio7!Ctlity: Chinese-Ga'l)itai: Peso~ 5,000.00-Cullital C07!h'ibllted by eac" lIU)·tlICI·: Yu Way, Pesos 3,100.00; Yu Hong, Pesos 1,900.00. YUCUANSEH DRUG COMPANY, INC, Head Office: 436 Dasmarifias, Mnnila- B1Isi. 71CS8: Wholesale and Retail Druggists.
THE YEK TONG LIN FIRE & MARINE INSURANCE CO., LTD. Condensed Balance Sheet as at Decembet 31, 1936 ASSETS Cash on Hand :l.nd in Banks . Premium Rcceinblc .. I\ccounts Receinb1c ' Secured .... Unsecured.. . . .. .. .. .. .. .. .. ... .. Bad Debts Written Otr ( 1· S7S,610.44). Real Estates .. Furniture and Fixrures Furnirure and Fixtures
~i~te~~~~c~s~~~:
I' 4S,}71.35 2},}64.11 49,498.79 110,026.91 1.00
76,000.Q7 6,14}.04 6,14S.04 231,403.73 IO,O}7.IS 1'1,244,390.32
LIABILITIES, CAPIT .... L. ETC. Unpaid Claims .. Accounts Payable Clients' Deposiu Accrued Tues . . . . . Mongage Payablc :lnd Accrued InleKst Unearncd Premium ... Notes P:lyable .... - . Miscellaneous Ocferred Income CapitaJ Paid.Up . _.... - ... General Reser-'e and Surplui .
"-I,43S. 62 7,S41. W 15,100.}8
I,08().S2 286,400.67 14,947.2) 17.800.00 13,122.00 500,000.00 :m,957.70 PI.244,390.)2
PHILIPPINES YUTIVO SONS HARDWARE COMPANY Helld Ofjice: Yutivo Building, 404-420 Dasmarinas St., P. O. Box 47- Nationnlity: ChineseBusine8s: Gcneml Hardwnl'e Mer chants; Wholesale :md Reta il Oealel's·-E 8tcdl/islted: 1906; Incorporated: 1916-P)'esidl'llt: Yu Tiong Yee-Allthol1'zed Callita!: Pesos 4,000,000.00; Paid-ill Capital: Pl'SOS 2,500,000.00-Pal' I'al,te of S!uu'es: Pesos 100.00Telegl'uph: "Yutivo"- Ba1Ik RejeJ'cJlce' China Banking COl'pol'otion; Chartered Bank of I ndia, Australia & China-Manila Bm1Lch : Sing & Cuan H ardware Co., 516-520 Azcarraga St., P. O. Box 232 1, Mnnil11; Cebll BJ'(I1/ck: Yutivo SOilS Hardware
519
CO., Yutivo Building, 49-65 Jakosalem St., P. O. Box 286, Cebu, P. 1.; Da1JclO BI'(I/Icft: Yutivo Sons Hardware Co., Yutivo Building_ P.O. Box 292, Davao, P.L
ZAl\IBALES CONSOLIDATED MINING CO., INC. Head Office: i\1anila, Philippines-Registered: S eptember 28, 1936-Te)'lIt : 50 years-Bu8ines8: Mineral Claims; Develop and Mine Said Claims and the Minerals Therein of Whatever Nature, ctc.Nu!1'oltality: Filipino- Capital Stock: Pesos 100,000.00 divided into 10,000,000 shares of the pal'
THE YOKOHAMA SPECIE BANK, LTD. RESOURCES At Manila, Philippine Islands, at the close of bnsiness March 31, 1937 Profit and Loss Statenlent For the Year 1936 INCO~fE
Gross Premium . .
P
3,681.76 16,552.79 4,470.94 45,206.82 10,879.07
From Premium Reserve 1935 Intcftst on Loans .. Commission Received . Rent Received. Recover ies from Bad Debts . . Interest on Bank Bal ance ..
82,178.72
\ ... '
:;03.36
Miscellaneous ..
1,209.91
1~
ASSETS Loans and Discounts ... Ovc·rdnfts... Customers' Liabilitr, Acceptances L ie Customers' Liability, TJR ..
45,97}.24 179,040.97
Banking HOllse Furniture and Fixtures ..
8,898.48 3,973,157.87
Cash.
576,405.)8 52,047.18 70,880.41
Checks wd Other Cash items. Olher Resources.
Total.
164,683.37
'1'5.352,966.70 1,870,)82.87
Due (rom Banks ..
. .. .
1~12,129,853.10
CONTINGENT L1ABILITffiS Future Exchange .. .
EXPENSES Reinsurance Premium-Ceded ... Return Premium and Allo wances Fire, Marine and Accident Losses .. Taxes .... .. .... . . CommissiOl"\ Paid . Dcpreciuio~ . . Repairs .. . . . . Interest Paid. Admioistrative Expenses . .. Miscell:tneous Expenses . . Profit. . . .. .. .. . . .. .. .. .. .. .. 378.56 Add- Povision for Bad and Doubtful Accounts.. 16,')78.56
1>},737,94').98
Securities held for safekeeping ..
49,122.38
Unused commercial LI e. . Travellers' LIC unulC:d .•.. Bills for collettion, c)(c1uding those: issued under T IR..
96,')70.62
5,}6').66 }84,329.67
P
23,U9.11 3,787.)4 8')6.07 9,794.30 '),949.17 25,241.86 1, 53,)·26 2'),91,).29 49,620.07 1,797.78 16,957.12
--l~164,683.37
LIABILITIES Undivided Profits. Due to Banks . Cashier's, M'lnagec·s, and Ccnified Checks . . Indiddual Deposits Subject to Chec k . Time Deposits, Spcci~l Current Deposits & other Deposits ... Bills Payable .. . Other Liabilities ..
Total.
84,797.82 8,598,492.43 56,426.64 42,),050.16 1,863,678.00
403.09 1.100,904.96
... 1'12,129,8')).10
HEAD OFPlCE-{Dcc. 31, 1936) Capital Y 100,(0),000.00 Su rplus and Profits .. 148,3')8,919.91 Deposits .. 699,001,304.55 Total Resources .. 1,538,0]2,807.54
AUGUSTO FRANCISCO Not ary Public. My commission expires o n Dec. 31 , 1938
520
THE COMMERCIAL & INDUSTRIAL MANUAL
THE YORKSHIRE INSURANCE CO., LTD. On the 31st December 1936 ASSETS
LiAlliLiTIES ,Joint-Stock Capital aCCI.lally paid up in Cash .. S 1,467,530.00 Surplus over Capiul and ali other Liabilities .. 1},956,748.55 Total Unearned Premiums .. 3,6U.854.83 62,650,)79.6) Nct Premiums Reserve and all other Liabilities,. 617 ,727.75 Net Amount of Unpaid Losses. 54,BBLl7 Premium and Interest paid in advance .. Cuh dividends to Stockholders remaining un9,8S6.44 paid. Due and accrued for Salaries, rent, advertising nod [or aSCOt}' and o ther miscellaneous el()22,960.40 pens.c:s accounts . . 5Q2,}60.02 Due and to become due for Borrowed mone'" " 1,787.669.98 All other demands against rhe Company:.
Cash on hand and in Balllcs ... . $ },419,255.56 Real Estate owned by t he Company :1{ Book Value .. $10,310,590.90 Loans on Mortgage 14,400,126.42 StOcks and Bonds at Market Value .. H,741,865.00 S[Ock$, Bonds and all o ther Securities (except Mortgages) hypothecated to the Compilny as <I,15O,7S}.)i Collateral Sc:curicy.. . ...... . .. . rmerest due and accrued on Bondsand Collateral }84,6)2.J0 Loans .. 4,094 ,098.25 Gross Premium in course of Collecrion. 185,182.63 Sundry Debtors .. },872 .945.8} Orher Assets .. 7,}S9.7S Bills Recei'路able . . $8S,786,8}9."
Premiums unpa id on Policies issued more thall three (3) mOllchs. .
79},891.00 $84,992,948.77
$84,992,948.77 --t---
YUTIVO SONS HARDWARE COMPANY CEBU
GENERAL HARDWARE MERCHANT DAVAO MANILA WHOLESALE AND RETAIL
All Kinds of Const ruction Materials, including Gah 'anized Sheets, Steel P la~e~ & Bars, Ga lvanized & Blac k Pipes, Cement, Paint: , Pl umbing Fixrures, etc.-Mining Tools & Supplies-Meta ls-Agriculture Implements- Household HardwareSh ip Chandlery, etc. EXc/'JJivt DiJtrihllfor of:
"CERTAIN-TEED" PAINTS and VARNISHES T hey las t longer and ult imately cost cheaper.
"SYRACUSE" BABBITT METALS They afford real pro tect ion
to
&
SOLDERS
machinery.
"INSULITE" TERMITOX BUILDING BOARDS T hey keep unpleasant warmth oue of t he house.
I.
Manila Olfict: Yut j"o Bui lding, 404-420 Dasmarinas St. Tel,. 2-43 路 53- 2-43-54-2-43-55
----
521
PHILIPPINES value of Pesos 0.01 each-Subscribed Capital: Pesos 60,OOO.OO-Capital Paid: Pesos 18,350.00-l ncorpo. mtor8 and Db'ectoI'S: Horacio C. Chuidian, Maria Paterno, Conrado E. Posadas, Antonio A. Posadas, Jose C. Sebastian, Francisco Astilla and Leon N. Javinez. (Leon N. J avinez, is a director only)Trea8Urer: Jose C. Sebastian, Manila, P. I. ZAMBOANGA MUTUAL BUILD!NG AND LOAN ASSOCJA'!'TON
Head Office: Zambosnga-Nationality: FiJipino-.Businel's,' Build:ng and Loan Associ~tion Estnblished; January 11th., 1912-Pt'incipals: John Sph':g, Antonio Blanco, .T. J . Wilson, E. M. Smoyer , C. F.. Darluei(}--Alaho)·i.ted C(1)ital: Pf'SOS 2,500,. OOO.OO-Invested· C(I.pital: Pesos 1,000.000.OO--Par Vahle of Shares: Pesos 200.0Il-Dividend: fi%Bank Reference; Bnnh: o£ the Philippine Tslanf.s.
F. E. ZUELLIG. INC. H ead Office: 55·63 Rosa"l.·io, l\laniia-Bm1!ches: Iloilo, Cebu-Natiollality: swtss- B1Isiness; General
Importer s and Exporters, Manufacturers, Insurance
and Shipping Agents- Established ill' 1896 a~ Lutz & Co., in 1919 was suct'eedccl by Lutz & ZueJlig and in 1922 was incorporated as F. E. Zuellig, Inc.Officers; F. E. Zuellig, President; O. Schulthcss, Vice-P resident; H. Bruggisser, Vica-President; E. Custel', Treasurer ; J. L. Rivera , Secretal'y-Telegt·o,ph: "FEZ"-Codcs: Al l standard codes-Ba1lk References: Chartered Bank of In'dia, Australia & China, Hongkong & Shanghai Banking COl'porationAgents fa/,; Lancashir(> Insurance Co., London; Prudential Assurance Co., Ltd., London; Switzerland General Insurance Co., Ltd., Berne; The Fire Assoriation of Philadelphia, Pannsylvania; Nashua Mfg. Co., New YOl'k; A. D. J uillial'd & Co., Inc., New York; National Aniline & Chemical Co., New York; Spel'l'y l<'10U!' Co., San F'l'ancisco; John F. Trammel', In'C., Brooklyn; Bel'nese Alps Milk Co., Ber ne; Dollfus-Mieg & Cie., l\1ulhouse; Gabr. Junghans A.-G., SchramberJ!; Georg Dralle, HambUl'!f; Coutinho, Cal'O & Co., Jhmburgj Henkel & Cie., Soling-en; Huntley & Palmers, Ltd., LondonLloyd Triestino S I S Co.-Triesta; Halia S I S Co.Genova; Adriatica SIS Co. -Venezia; Tirrenia S I S Co.-Napoli.
ZAMBOANGA MUTUAL BUILDING & LOAN ASSOCIATION Zamboa.nga, Zarnboanga, P. [.
J OHN SPIRIG
C. E. DARLUCIO
Prtsident & Manager
Sure/ary Offieu:
Moore Building, Zamboanga Tel. No. 55
P. O. Box No. 82
r\ MAR I A CIUST IN ... F ... LU-L.\N ... O P ROVINCII
ADDENDA TO SECTION TWO Additional Data On Leading Philippine Business Concerns Which Arrived Too Late To Classify 'l'HE A. & p, CO,, INC. Head O/.fice: 10 T, Pin pin, P. O. Box 2556, Manila-Nationality: AmeriC"an--B1lsiness: Importer of Radios, Radio Parts, Phonographs, Records, J«('roscn(' Stoves Etc.-Established: 1930-Pri1Ici1>a18: S. F. Aubre,y, President; Mrs. S. F, Aubrey. Yice-President; S. L. Atienza, Secretary-Telegraph: .. Aanopcompy"-Bank Reference: Philippine Trust Co, AGUADO HERMANOS Head Office: 103 Balmes, P. O. Box 2105, 1fIanila-Nu.tionnlity: Filipino".-.8usiness: Importers of Tobacco, Hardware, Cann~d Goods, Machinery Etc.; Exporters of Tobacco, Gum Copal, Gum Eiemi, liats, Shells, Kepok, Hemp Etc.-Established: 1908 - - Princil)als: Otto FI'auen'dorff, President; Francis_ co J. Aguado, ViC'~-President; J . Rodriguez Ripoii, Secret:l.ry & 1'reasurer-Telegra7i'h: "Aguado"Coriel: A ll Standard Codes-Bo1"lk Refe'·fmce: t:t.artered Bank of India, Australia & Chinn. AGUSAN COCONUT COMPANY Head Office: 1035 I saac Peral, P. O. Box 1956, Manila-Nationality: A~rican-BIl8illess: Manu_ fuctUl·ers and Exporters of Copra, Coir Fiber. Charcoal-Established: 1915-0rganiz2d in U. S. A. -Local Mamager : J. H. Alley-Tdegro,lJh: "Agusanting"-Ba1"lk Re/er/mce: National City Bank of New York. AH GONG SONS & CO, Head Office: 391 Echague, P. O. Box 1065, l\1aniJa-.."ft,'ntiollality: Chinese--BlIsjlll~S8: Importers of Fruit!!. Vegetables, G,·ocel"ies, Wines Etc.PI·j7/Cilml.~: Chill' Cue, Manager; Chin Fun, Asst. ~anuger-Tel egroph: "Ahgong"-Codc8: Bentley's -Brwk Re/erence: National City Bank of New York. AKF.RMAN, LON BORG & WAIN Head Of/ice: Manila-Nationality: SwissBlIsilleHII: Extermination of White Ants-Estab_
U$hed: May 1st, 1937-Capitul: Pesos S,OOO-Partnus: Fred Ak~rman, Contributing Pesos 5,000; Niels Frederick Christensen Lonborg and Montague Charles "lVain, both contl>acts fOI' the extel'minatimy of white ants. G. ALI(AN, INC,
Head O/Iice: '12 Eseolta, Manila, P. O. Box 4S9-Nutiollality: American-BlI8ille8s: I mporter of Firearms, Sporting Goods, Men'!;' Furni shings, Refrigerators, Batteries, Etc.- Telegj·ulJ": "Alkan"Codes: Bentley's, Western Union-Bnllk Reference: Hongkong & Shanghai Banking Corporation. AM ERI CAN BISCUIT COMPANY Head Office a1"ld Factory: Vaiderranis & Lavazares, San Nicolas, P. O. Box 2057, ManilaT elepho'1lt; : 4 B2-45--Bl'allch: Cebu-Fucto,'y: 311 Soler, Manila- Telephone: 4-90-96--Sllccessors to: American Sweets. I llc.-NaDionality: A~lerican _ 811Si1"l e88 : Manufacturers of Biscuits, Bread, Chewing Gum, and all S:zes of Tin Cans-Tele.qraph Address: "Chiclero"-Paul Malone; President-BanI.: Rele"ellCe: National City Bank of N. y,
AMERICAN GOODS, INC, Hp,ad Office: Manlla-Natiollalit.y: Filipino8118i1lt!S8: Merch ants-Established: November 24th, 1937-Capital Stock: Pesos 20,000.00 divided into 200 Shares of Pesos 100.00 each-SubBcribed Ca.pi_ tal: P('~os 4,000.00--Paid-in Capital: Pesos 1,000,00 -Incorporators: Jost' A. Uy, Francisco Varona. Viamte O. Navarro, Rosario C. Valencinno, Jose S. Vllienciano, Felipe P. Tesoro and Eustaquio Mend(milla. ANG CHIN KENG Head Office: 491 Nueva, P . O. Box 1018, Manila -Natiolwlity: Chinese-BusilleS8: Impol·ter of Dry Goods and Piec(' Goods-Established: 1910Proprietor: Ang Chin Keng- if(ttlk Re/ere/lcf': ('hina Ban king Corpol"lltion. m
THE COMMERCIAL & INDUSTRIAL MANUAL
524
ANG KIM TJAO H6l1d Office: 503 Nueva, P. O. Box 906, 1\1anila-Natiollality.- Chinese-Business: Importer of General Merchandi'R -Es tnblished .. 1936-Pdncipals: Ang Kim Tine, Proprietor and Treasurer; Ang Fang'. Vice-President and ScC'retar y-Tele9J"(l-I)h: "Bantaichong"- Balll.- Reference: Chin'n
Banking Corporation. ANG
Pn.~C
Heall Of/ice: 531 Nueva, P. O. Box 2025, Maniln-Nat iono.lify.. Chirwse-BlIsines8: Importer
of Dry Gooci<:;-Estrrb/ished: 192f)- Ang Piee, Proprietor _ Telegru1lll .. "Anpiec" - Bamk Reference.China Banking Corporat.ion . MARTON M. KAllOLOHUCI< Head Office: Manila-Established : 1926-Na.. lionaill.y: AmCl'ican-OI·yrtnization: Sole Proprietorship-Business: Construction' Engineering and .B uilding- Amolwt Invested.' Pesos 1,000,000.00Balik. Re/el'olces: Chartered Bank of India AU;$tralia & China , Philippine Tl'ust Comparry-Telegmpli.: " Ka l'olchuck i\1:},lila"-Codes Used: All. )..I r. I\arolehuck has been ill th is husine...'<S in i\'I o.nilo. for the past. 11 yeo.rs. Livin~ n.:0llument-s of his work are: The Trade nnd Commerce BUI~din~, S. J. Wilson Building, Additions to the !\IalacrI!1!1n~ f'nlnce, Mansion House in Dnguio, Carmelite MOIlMtery, S.V.D. Seminary, Convent of the Good Shepherd, ~[a ryknoll Convent in 13nguio, and lllnny others. He does considerable construction work for the Catho!i!· Orders ill the Philippines. He owns the Trade a nd Commerce Huildin,l!:, is the President of the Crown Mines, In'C, and has controlling in_ terest in the Far Enstem E lectrical Development (,0. K. ARBAOJI & CO. Head Office: 227 David, P. O. Box 1032, Manila-Nutio1wl1ty: Filipino-8118itJc88: Importers c f General M erch andisC!-E8 tabli.~hecl: 1932-P l'o pJ'ietoJ": Khalil AI'badji-Te/egl'aph: "Arba dji"Bentley's - Bank RI!,'crcnce: Philippine GodlJfI:
National Ba nk. A RCO AM USEMEN T CO.
Head Office: Elmac Building, P. O. Box 2303, : "Ilanila-lJJ"(/lIch: Bacolod, Occ idental :-Jegros-NatioJ!aiity: Amel'ican-BlIsiue~,~: Importers of Cine Sound and Projection Apparatus-P,-illcil1Uls: C. S, Saln1on, Prcsident & Treasurer: A, B. Collett.!, Vice~Presider.. t; Teny Bautista, Sccretary-Tele~ gJ·fJ.JJ/t: "A r co"-Bnllk Re/el'ell ce: P hil ippinc 1'\"alional Bank. ARMOUR & CO.
Hend Office: 322 13th. St" Por t Atea, P. 0,
Box 1386, Manila-Nationality: American-BIIBiImporter of Packing H Ollse Products and Canned Meat-E8tablished: 1921- l..ocal -'[altager .. C. T. Sta l'k-Tclegl'a/>h: " Armour"-Ba.1lk Re/(lrei!ce: National City Bank of New York.
tl~S8:
G. ASSANMAL &. CO. H ecHl Office: 775 Tabora, P. O. Box 1690, Manila-Naticmality: British- lndian-B1ts11Ies8 : 1mpOI'b2rs of Rayon and Silk Goods- Established: 1924 -G. Assall'mal, Pl'esident--Telegl'«1111" AssanmnlCocles: Privnte- Batlk RefuellclL' China Bankinl!; Corporation, National City Bank of N. Y ., Philippine National Bank, Bank of the Philippine hilands, Hongkong & Shanghai BnnkinK Corporation. PRIBHDAS ASSUDOMAL & BRO. Head Office: 49 Escolta, P . O. Box 2096, Manila-Nn tiotwlit,y : British- Indian- B-ltsi1l e88: Imr,orters of Towels, Stockings, Persian Rugs, Artificial Silk, Cotton Textiles, Camphor-wood Chests, Novelties-E8 t{lblishccl: 1921- Pribhdas, Assudomlll, ProprietOl--Teleg"a1)h: "F riassbro"~Batlk R e/ern .re : Ra nk of the Philippine I slands, E. AWAD & CO., IN C, Head Of/ice: Juan Lunn, P. O. Box 1743 , JliJanila - Natiollality: Am<!rican - BusincB8: 1mpOI'lers of Textiles and Export.ers of Hand Made Embroideries - /:"'8tablislted: 1928 - Principals: S. A wad, Victor A wad, Dewe~' A wad, Edward A wad, Aibert Awad·-Teleg raph: "Essaawad"-Bank Rcterence: Philippine Nfltional Bani:.
"BA KAL" HERMENE GILDO REYES AND SON S H ead OJ/ire: 806 Elcano, RirfOndo, Manila""-atiamtiity: Fili pino - B ,tlli1l8R1;1: Mflnufacturers. Jmpol'teJ's and Dealers in Woven Lnbel s, Paints, FreservatiV\i!s, Hardw8l'e, AdvertiSing Novelties Etc.-P~·ilICi1)(! /1I: Hermenegildo Heves, President : H el'mene$!'ilclo Reyes, Jr., Viec-President: De(;J!.racil1s Estrella, Secretary &. Treasurer-TeI6grttpll' "Bakal"-Ballk Be/llrellce: Philippine National Hank. BAVIERA GU~ S TO RE, I NC. Head Office: :!3R P laza Santa Cruz, P_ 0. Box 2002, Manila-Natimwlity: Filipino-BlIsiness: Importers of Firearms, Ammunitions and Spaninl!" Goods-Establiilhed: 1925_ Prillcipals: Lucas G. Buviera, Pre~iclent; Leon M . Coronado, Secretary & TI'easurcr-Teltl{ll'oJlh : "Bavieru"-Ballk R tl/tlrellcc: Philippint" Trust Co.
PH[LlPPINES BAY BOULEVARD SUBDIVISION, INCORPORATED Head Office: 185 David, Escolta, Manila-Hegistel'ed: November 12, 1937-Busines8: Real Es· tate-Nat-iOl!ality: American-Ca1,ital Stock: P200,000.00 divided into 20,000 shares of the par value of PI0.00 each-S1lbscribed alld Paid Capital: P40,030.OO-/I!corporatol's: C. M. Hoskins, 'f. J. Wolff, Angel C. Aguas, Jose Platon' Villegas and E. O. Flores. THE BAYER COMPANY Head Office: 670 Dasmarinas, P. O. Box 670, Manila _ Nat·iMwlUy: American -- B-Itsiness: Importers of Drugs- Established: 1927-P~'incipals: U. V. Prittwitl" Manager-Telegraph: "Pharmanola"-Codes.- A. B. C. 6th. Edition-B(t~!k Reference: National City Bank of New York. BELO-1\UJARES PA,CKING CO., INC. Head Office: Iloilo, Iloilo- Registel'ed: November 9, 1937-Btlsi1tess: Canning and PackingNat'io?lalit.y : Filipino-Ctr.pital Stock: P211,000.00 divided into 2,110,000 shares of the par value of PO.10 each-S!lbscl'ibed Capital: P42 ,200.00-Capital Paid: PtO,550.00-/lIcorp01'(tto)·s: Emilio Montilla Mijares, O. Belo Mijal'es, Ant~·o Montilla Mijares, Elsa H. Nolte and Helene Nolte. BENGUET FEDERATED MINES Head Office; 124 T. Pin'Pin, Manila-Registered: November 18, 1937-Nationality: FilipinoBusiness: Mining, Milling, Smelting; gold, silver, copper, Jead, 'etc.-Capital Stock: P40,000.00 divided into 4,000,000 shares of the par value of PO,Ot each -SlIbsCI-ibed Callital: P8,000.00-CallitaL Paid: P2,000.00-Inco1·lJOratoTs: Santiago Eusebio, L. D. Cross, Nicanor Roxas, Fermina C. Ubaldo and S. Capule.
r.
M. BENNETT COMPANY, INC. Head Office: 13th. St., Port Area, P. O. Box 983, Manila-Nat-i01!ality: American'-BI!siness: Importers of P etroleum Pl·oducts. Garage and Agents for Union Oil Co. of California-Established: 1930 -Pn'ncipals: P. M. Bennett, President; R. 1\L Johnson, Viee-President-Telegl'uph: "Unoco" and "Ten'eb"-Banl~ Refel'fHlce: People's Bank and Trust Company. S. M. BERGER & CO. Head Office: 2215 Azcarraga, P. O. Box 684, Manila - Nationality: American - Business: Im-
525
porters of Perfumes and Lotions-Ellta blished: 1899
-So M. Berger, President and Treasurer-TekDTaph: "Berco"-Ba1!k Reference: Philippine Trust Company. BlQ & CHUAN, INC. Heact Office: 685 Benavides, P. O. Box 974, Manila - Nationality: ChilYese - Business: Dealers and Exporters of Copra and Hemp-Bral/clt Offices: 'l'ayabas and Laguna-Established: 1931-0fficers: C. L. Tan, Presiden t; S. J. Tan, Tl'2aSUrer ; Jose Constantino, Secretary-Telegl'a1Ih: "Biochuan"Balik Re;e/'e1/ce: Nationoal City Bank of New York.
BOWEN & CO. Head Office: 104 Solana, P. O. Box 785, Manila-Nationality: British-Business: Importers of Liquors, Groceries, Paints, Condensed MilkEstablished: 1931- G. Bowen, Proprietor and Managcl'-Telegntph: "Gebowcn"-Ba,!k Reference: Hongkoll'g & Shanghai Banking Corporation. BRIAS ROXAS, I NC. Head Office: 71-75 Escoltn, P. O. Box 151, lHaniia - Nationality: Filipino - Business: Tmpor~rs and Dealer s in General Merchandise-l<:slabfished: 18fi8--Officel's: Enrique P. Brias Hoxas, Presidcnt and General Manager; Ramon J. FCl'nan'dez, Vice-President; Luis Olila, Secretary; Marianb Brias, Trcasurer-Telegl'aph: "Bril'Ox"Codes: All Standard Codes-Ba1lk Refel'ences: National City Bank of N. Y., Hongkong and Shanghai Banking Corporation, Philippinc National Ban'k, Bank of the Philippine Islands. 1\ . A. BRIMO
Head Oflice: 412 Reina Regente, P. O. Box 134. Manila-Nationality,' Filipino-Business: Importer of Textiles-EstabHshcd: 1920-P/'011I"ietol' and Managc)': Antonio A. Brimo-Telegraph: "Abrimo" -Codcs: Bentiey's and Private-Ba?!k HefcJ'ellce: Hongkong and Shanghai Banking Corporation .
BUENO'S PHARMACY, I NC. Head Office: 5 Session Road, Bnguio-Regis_ tfwed: NOVlembcl' 16, 1937-Natiollalitu: Filipin~ Business: Drugs; wholesale 01' retail, etc.-Capital Stock: P40,000.00 divided into 40,000 shares of the pal' value of P1.00 each-Subscl'ibed Capital: P40,OOO.OO-Callital Paid: 1)10,000.00- hlcorpoJ'ato rs: Rufino Bueno, Aurora H. Rueno, Marcos Hernando, ManU'2la Coloma and Julia A. Vda. de HeTn a~ do.
526
THE COMMERCIA L & INDUSTR IAL MANUAL
CAMILO OSIAS AND CO., INC PROMOTORS, MANAGERS, AGENTS D irectors
CAMILO OSIAS JOSE A. DE JESUS ANTONIO AQUINO A. M. LORENZANA
M anagers of
Cooperati ve Mines, Incorporated 51 Escolra , Manila
PHILIPPINES BONNING & CO., INC. HelJd Office: ] 35-165 Felipe II, P. O. Box 289, i\Inniln-B1"auches: Tuguegal'D.o, Cagayan; San Fernando, La Union and Lucban, Tayabas-Na.tiM1alit.V: German-Business: Exporters of Tobacco, Hats, Hemp, Gums-Established: 1922-TelegI'll111t: "l nsumerco"-Officers: H. Bunning, President; H. Klock, Vice-President; Maximo Capule, Secretary and Treasurer-Bank Reference: Hongkong and Shanghai Ban'king Corporation. FORTUNATA BUNY Head Office: 823 Dagllpan, tlbnila-Nationa路lity: Filipino--Blisiness: Exporter of Pniay and Rice - Establishf'd: 1908 - Telegraph: "Fol'bu"Sa11k Re!erc'Ilce: National City Rank of New York.
BURROUGHS, INC. Manila. Office: 425 Samanillo Building, 619 EscolUl-Nationality: American-B1/siness: Sales and Service of Adding, Billing, Bookkeeping, Calculating Machines, T,ypcwriters., Cash Registers, Etc.Telegraph: "Burad"-Facto'ty Branch of Burroughs Adding Machine Co., Dctroit, \Michigan, U. S. A.Bank Reference: National City Bank of N. Y.Manila Branch Manager: E. S. Sherrill. CABANGAN MfNING CORPO\A.HON. Head Office: 1215 Narra Manila-Branch Office: Cabangan, Zambales-'Natiollality: Filipino-Bllsiness; Mil1'ing-Di,.ectors: Cayetano Rivera, Virgilio L. Rodriguez--Alltlt01ized Capital: Pesos 100,OOO.OO-Subsclibcd Capital: Pesos 20,800.00-Pan- Value of S}uues: Pesos 0.10 each. -Telegraph Addl'ess: CAMICO-Codes llsed. Standurd and Private-Balik Re/el'em;es: Philippine National Bank. CADWALLADER-G IBSON LUMBER COMPANY Head Of/ice: 203 Uy Yet Building, P. O. Box 602, Manila-Sawmills and Manufacturing Plant at Tnn<ioc, Camnrines Sur-Nationality: AmcricanBusilless: Manufacturers ami. EXporters of Philippine Mahogany and Hardwood s-Established: 1908 - Phjli}lpine COl'poration-Authol-ized Capital: Pesos 1,000,OOO.OO-Par Va hte 0/ Sha)"es: Pesos 100.00 -F. S. Baker, Manager-TeleYI路aph.: "Cadwall"Codes: Acme, Bentley's, "New Standard" Thr~e Letter Code--Bank Reference: Hongkong & Shanghai Ball'king Corporation-Agencies: CadwalladcrGibson Co., Inc., Los Angeles, California; R. & D. Blair Pty., Ltd., Sydney, Australia; The Henry W. P eabody & Co. of London, Ltd., London; G. A. Watson, Capc Town and Johannesburg, South Africa.
517
CASAJE TOH & CO., IN C. Head Office; 135 Rosario, P. O. Box 667, Manila-Nationality: Filipino-Business: Importers of Optical Goods, Watches and Jewelry-Estltblished: 1927-0f/icel's: Luis Casaje Toh, Presidel1't; M. Ortigas Lim, Vice-President; Jose D. Casaje. Secretrtry; Luis Casaje Toh, Treasurer-TeleOI'aph: "Catoco"-Cahles: All Standard Codes-Balik Refwrence: China Banking Corporation. SIMON A. CHAN BONA & CO. He!ld Of/ice: 843 Urbiztondo, P. O. Box 2U~8, Manila-BI'allchc8: Vigan, I1ocos Sur-Natio pu.l!ty: Chinese-Bt!sillcss: Importers of General Mel"chal"i'dise, Cotton Yam, Magucy, Sug-ar; Exporters of Tobncco--E$ltablis"ild: 1924-Simon A. Chan Bona, Proprretor - Telegraph: "J(unyek" - Codes: Benth,y's, Private--Ballk Reference: I~hilippinc National Bank, Bank of the Philippine Islands.
CHAN CHENG & CO. Head Office; 119 Nueva, Manila-Natio1!ality: Chinese-Busilless: Importers of Textiles-Established: 1928-Chan Cheng, Manager-BalIk R eference: Cnina Banking Corporation.
CAMERA SUPPLY COMPANY 138 Escolca, Manila
PHOTO GOODS
&
SUNDRIES
Agmts for
ROLLElFLEX CAMERAS AND
HUGO MEYER LENSES ESTABLISHED, 1907 BANKERS
PHILIPPINE NATION AL BANK
528
THE COMMERCIAL
&
C HINA DRAWN WORK CO. H ead Offico; 84 M. H . del Pilal', P . O. Box 465, Manila - Fa ctory : Swatow, C hin ~ - Nationality: Chinese-Business : Importers of Chinese Curios and Linen Good s-Establ1'shccl: 1924-0fficel's: Tan Kol! Shing, P)'esident; Lim Hap, Vicc-PJ'csident-7'clegraph: "Chilrawol'k"-Coden .' All Standard Codes--8u'!k Re/r!l'rnce: China Bankinlt' COl'poratiCln.
CHINESE 1'RA DING CO., INC. H ead O/Iice: 439 Nueva, P. 0, Box 2197, Manila-Nationality : Chinese-Business.- Importers of Drr Goods and Perfumery--:-Established.' 1920 P rincipals: l{ui Hoa San, Manager; Chua Boon, Asst. Manage!' ; A. V. Ongcapin, Secretar y; Kui Pu , Treasurer - Telegl'al)l!: "Chinll'aco" - Ea?!k Re/erence: Chinn Banking Corporation. CHO NG TU AND CG. Head Office: 125 :@~p e l eta, i\Jar"iJa- n egisten~d: November 10. 1937-Nati(mafity : C h im::se-Bu8i~ ne8s."-Buying a nd seli ing second hand bottles, etc. -Gal/ital: P1 3,OOO.00- Gap\ta/ contl'ibl(ted by each pal' hie)' : Chong Tn, P3,000 . ~; Co P ee Khun, PI0,~ 000 .OO- M01UtgC1· : Chong Tn. , S. C. CHOY & CO., I NC. H ead Office: 1817~A Pritil Bridge, P. O. BOll: 762, Manila - Nationality: Ohinese - Business: Manufacturers and Expor ~rs of Lumber; Importers of Lumber and Build ing- HaI·dwa re~-E8ta blished: 1935-0//ice)"s: S. C. Choy, President; Henry Choy, Vice~President; R. Basa, Secretary; William Choy, 'rl"casuJ"er-T~leD)·a1Ilt: "Choy"-Godel/: Bentley's, Acme, Westem U nion-Ba1lk Re/crence: Peoples Bank and Trust Company. CH UA BOON PE N H ead Office: 221 Ongpin, P . O. Box 3105, Manila-Naliolll1lity: Ch inese-Business: Importers of Dry Good s-Establi!1hed: 1935-Chua Boon' Pen, Proprietor - Tc/cgrall/t: "Chaboonpen" _ Codes: ABC 5th. Edition- Bank Re/c,·ellce: China Bank ing Corporation.
LORENZO CH UA CHONG Hf.!a<l Office: ]022 Come reio, "i\'[anila-Nalional~ ii-y: Chinesa-B1Isi1le8s: lmnorter s of GroceriesE sta blished: ]929-P)'illci,lal;: Lorenzo Chua Chong, President; Sy Tiu , Vice-Pres ident; Chua Ching Deong S~', Treasurer.
INDUSTRIAL MANUAL CHUA TE & CO. Head O//icc: 425 Nueva, Manila-Nation.al1 ty: Chinese-BlIgi1te8s: Importers of Dry Goods, Laces, ll a ndkerchi efs, Etc.-Established: 1930-Prillcipall:l: Chua Te, President; Yu Ohin , Manager; Tiu Sing Lo, Assistant Manager- Ba111.: R e/ers1Ice: China Hanking Corporation. CHUA TIAN & CO . Head Office: 644 Juan Luna, Manila- Registered: November if, 1937- Nationulity: Chinese-BwH1less ." Purchase and sale of tinsmith, etc.-Capital : P24 ,000.00-Capital contribut sd by eaek pal·tner: Chua Tian, pg,OOO.OO; Ng Tiong, 1'5,000.00; Ngo Bun Po, P4,000.00; Ng Tian Po, P2,000.00; Go Cha, P2,~ 000.00; Lao Tan, P1,OOO.00; Ong U n, Pl,OOO.OOMU1wUe1·: Chua Tian. CHUA YAP MIRROR FACTORY Head Office: 7]6-718 Rizal Ave nue, P. O. Box 1155, Manila-Branch: 421 Santo Cristo, ManilaNationality: Chinese-Busines8 : Manufacturers Rnd Importers of Mirrors, Glass, Showcases, Venetian Mirrors--Estahlished: 1905-PI-illcipaI8." Chua Yap, I'ropL'ietOI' ancl Manager; A. Soan, Assistant Afanvger ; Chua Ton Yan, Secretary; T!lM Chell' Ka, Treasurer- 7'lJlegrap1r.: "Glass"-Bct1lk Re/erences: Philippine NatiOl1al Bank, China Banking Corporation . MANUEL CHUAKAY & CO. H ead Office: 267 Ju an Luan, P. O. Box 151 7, i\Innila-Nati01wlily: Chinese-liusi)/Ollll: hnpOl'tel's of Rice, Gunny Bags, Twine, Hessian Cloth; Ex-porters of Rice-E stablislled: 1929-Ma nuel Chua~ kay, Propri et or and l\fanagcr-Tdegral11r.: "MchuaImy"-Codes: BentleY's-Bank R e/e,·ellceB : China Banking Corporation, Chartered Bank of India, Australia and China. CHUNG HWA BOOK CO. Hend Office : 325-329 Juan LUna, P. O. Box 1968, Manila- Branch: Amoy, China-Nati(ll1al-iLl': Chinese-Business: Importers of Statiol1ery, Printing and Sporting Goods-E8tabli81!ecl: 1923M an4ge;·: Pa ul H. Lim- Telegraph : "Chuhwnboco" Code8: B entley's--Bank Re/erenee: China Ba nkin$Z Corporation. CRUNG LlU , CHING LENG & CO., LTD . Hend Office: 523 M. de Binondo, P . O. Box 2U40, Man'iln-Na lionality: Chinese-BlUiness: Inl~ porters and Exporters of Canned Goods, Rice, Ve~(>t·
PHILIPPINES able Oil Products;
Manufacturers of Vegetable
Lard, Margarine and Laundry Soap-Established: CJ.932-0fficers: Chung Liu, President; Ching Leng, Vice-President; Ching Go, Treasurer; Jose Lim, Secretary-Telegraph: "Banyek" or "Inof"-Codss: Duo-Bank Referem:ps: China Banking Corporation, Bank of the Philippine Islands, National City Bank of New York.
CHU GUAN BAZAR Head Office: 337 Nll'ava, P. O. Box 2034, Manila-Nationality: Chinese-B~18in68s: Importers of Shoes and Slipper Supplies-Established: 1927Principals: Co Tee, Partner j Chua Tick, Partner; Chua Chiong Pio, Manager anti Vice-PresidentTelegraph: "Chua Chiong Pio"-Btlnk Re/e)"snce: China Banking Corporation. CHUA LIMeD & co. Head Office: 763 {)anto Cristo, P. O. Box 2816, Manila-Nationality: Ohinese-Business: Importers of Flour, EXporters of seap, Bakers, Etc.-E.~tab~ lilJhed: 1905-Principals: Ohua Limco, Manager; Gan' Cheng Chiu, Assistant Manager; Soledad C. Tan, Secretary; Gan Ching Hun, Treasurer-Tele. (jl'Up!t: "Chualimco"-Codes: Bentley's, Acme, Duo, Private-Br£1lk ReferencfJIJ: China Banking Corpora. tion, Chartered Bank of India, Australia and China.
CLARTN PAGDA I'F & CO., INC. Head Of/ice: Clarin, Occidental Misamis-Na. tioJlality: Fi!ipino-8usine88 : To carryon mercan. tile and commercial business, buying, selling com. modities, etc.-Capital Stock: P15,OOO.00 divided into 1,500 shares of the par value of PIO.OO each-Sub. 8cribed and Paid-in Capital: P3,OOO.00- lncoTpoTa.tors: Julio Sarenas, Eduardo Lanozaderas, Tarciano Enemecio, Tibul"cio JimeTl'ez, Ceferino V. 1I.'01'1"es, Ci· r inco Daloyok, Gerardo Royo, Felix Tngabucbn, Delfin Nacional and Alejandro Zaca!.
529
Principals: Co Ban Ling, Partner; Co Ban Kiat, Partner and Manager; Co Chin Leng, Assistant l\1anager-Telegra1Jh: "Cobanling"-Bmlk Rete'" CJlces: China Banking Corporation, H ongkon~ & Shanghai Bun'king Corpol'a~ion, National City Bank of New York. CO LV SO & SONS CO., INC. l'lead Ojj"ice: 112 Cal deron dc la Barca, Manila .-Nationality: Chincse-Busine88: Importer!.: of Hardwar(' and Auto Acc~ssorics-Established: i911 -P1"1!Cil)ols: Co Lu So, Manager; Kaw Guan Tai, Assistant Managerj Manuel Co Lu So, Secretary; Kaw Guan Seng, Treasurer-Teleg"opl!: "Coluso" - ·Corles: Standard-Bunk Re/cl'elue: Chinn Banking Corpo'·ation. COMMERCE, INCORPORATED Hf'ad Office: 401-405 San Viccnte, Manila-Re· gistered: November 8, 1937-Nationality: FilipinoRusi?lcss: To print, publish, bind ant! buy, se!! and d('al in books, papers, magazines, periodicals, etc.Capit"l Stock: 1,000 shal'cs without par value-Snb· (lC[ibe.1 and P~id C(£llital: Pl ,250.00-hICOr1JO~·atol·s: D. B. AmbrOSIO, D. C. Bascal'a, Ml's. Geromma T. Pecsonl Pedro R. Palting and Guill ermo G. Castillo. CONSO LIDATED FARMERS OF OCCIDENTAL NEGROS, I NC. Hend Office: Bncolod, Occidental Ncgros-Re. yistered : November 8, 1937-Nationality: FilipinoB l(siIlCS8: To acquire land for agricultural purposes, etc.-Capital Stock: PlOO,OOO.OO divided into 10,000 shares of the pal' value of PIO.OO each-Sub8cl-ibed C(1)ifal: P20,000.00 -Capita l Paid: P5,OOO.00-lnco)". pOl"(lfo,'s: Emilio E smeralda, Josc R. Torres, Gena1'0 Bcnedicto, Wilfredo Vasquez, L uis D. Tongoy and Patricio D. Tongoy.
CLARK & CO. Head OJ/ice: Philnabank Building, P. O. nox 1108, Manila-Nat·ionality: American-BusiMSS: Manufacturers and Imporbers of Ophthalmic L'2nses ·-Establi8hed: 1902-Pri,zCi7)uls: R. N. Clark, President; J. A. Wolfson, Vice.President; R. A. Thorson, Scr"etary and TI'ea s ul'er-TelegTa~llh: "Clarkhager" ·-Codes: Bentlcy's-8ank Reference: National City Rank of New York.
CONSUMERS TRADING CORPORATION Hf!qd Of fice: 2J!i8 A1.eal'l'apa, P. O. Box 2529, Manila-Nationality: FilipinO--Busi1less: Importcl·.3 of Motion Picture Films, Auto Poll·ts, Knit Goods, Rubber Toys, Baloons. Handkcrchiefs, Novelties, Exporters of Kapok Floss and Kapok Seeds-Est(tb· li~l!ed: 1921!-Prillcip(t/s: F. Ruiz ZOl'illa, PI'<!sident and Tl'ea;;ul"er; F. Cast.-\fieda, Vice.President; R. <":oromina, Secretary-Teieg)'(£I)h: "Contracorp"Balik R"'fel"eJlcf': Philippine Trust Company.
CO BAN LING & CO BAN KIAT Head Office: 161 Rosal·io, P. O. Box 2216, Ma· nila-Nationa lity: Chincse-B~tsiness: Impol'ters of Hnt'c!wal'e, Paints and Oils-Established: 1927-
COOPERATIVE COCOANUT PRODUCTS, I NC. Hcad Office: 221 National City Bank Builfling, Maniln- FactOl-Y: 8R1r Pnblo, Laguna, P. O. Box 37 .-Natiol1a.lit11: Filipino-Bu8"iness ." l\-Ianufactul'crs
530
THE COMMERCIAL & INDUSTR IAL MANUAL
Bnd Exporters of Desiccated Coconut-Established: ~933~Ofjicers: Arsenio Escudero, President; Jose 'l'iosejo, Vice-Pl'zsident; Zacarias B. Ticzon, Secretal'Y and 1'rcasul'cl'-1'eleYJ'u,ph: "Cocpi"~Code8: BanUey's Complete Phrase, Bentley's Second Phrase, Acme.
COOPERATIVE SYSTEM SALES CO. Head Offic.e: 600 Dasmarinas, P. O. Box 2454, Manila-Nationality: American-·Bllsine88: Imporl. £:rs of General Household AI,tides and Kitchan Utensil s-Established: 1930-0ffic6j'S: George F. Harris, President; S. Tait, Vice-President; J. Shotwell, Secretary and TI'zusurel'-Telegl'aph: "Cooperative' -Bunk Refel'ences.- People's Bank & Trllst Co., Hongkong & Shanghai Banking Corporation'. VICENTE .J. B. CQS IN Head OllieI': J5\ Marquez de Comillas, P . O. Box 2508 . l\'fanil a-Nat,(mality; Spanish-Busin"lss: Jmpol'ter of Liquors. '''inel.'' and General M<!rchanelise-Pl'o}wietol': J, B. Vicente Cosill'-Telegraph: "Nisco"-Cocles: ABC c,I~Rall'" Refere)/ces: Bank of the Philippine Islan s; Hongkong & Shang_ hai Banking Corporation. COSl\tOS BAZAAR, INC, Head Offict!: 217 Rr.sario, l\1anila-Natiomliity: Chinese-B118iness: Importers <If Gen'eral Merchandise and Sundries-Established: 1926--0fficers: Sy Lianteng (Ong Tieo), Pl';>sident; Sy Kubio, Vice. Pl'esident; Macario Navid, Secret. .lI·y; Sy Bialt, 'rrl'asurC!r- Ballk Refel·em',.: China Barokin'g Corporation . C. M. C01'TF.Rl\JAN & CO. Head Office: Philnabank Building, p, O. Box 1000, Manila-Nationality: Amzrican-Bllsi116SS:
Dealers in Shoe~, Haberdashery, Luggage, Golf Equil)ll1ent- Ofjice)'s: C. M. Cotterman, President : Leo 1<. Cotterman', Vice-President; G. P. Keal'n2:y, f!ecretary; Nana Cottel"lnan Butler, Treasurer'l'deqJ"(J)Jit: "Walkover"-Ba111,' Refe)"(mce: Philippine National Bank.
cu
UN JlENG & CO., LTD. Head Ojfice: 64 Rosario, P. O. Box 1105, Maniln-B,·allchcs: 441 Nu(!va, Manila and Legaspi, AlbaY-Nationality: Chinese-Busillc8s: I mporter!:: of DI'y Goods and Cotton Tcxtiles-E~tablisI16d: Ifl29-0jficf'l'~: Cli Un J ieng, Pres ident; Cu Y~k Keng, Vice-P"csidcnt; Ty Kong Tin, SecretarY: Cu Ph Kun, Tl'en sUl'cr--Tei IlUJ'(lllh: "Ta ihing"~n(llIk Rcf'll'(>lIce: Chinn nankin!? Corporation.
Cl.IA YE & HERMAN OS Head Ofjice: 312 Gandara, P. O. Box 1883, Manila-NatiotlUlity: Chines~Bllsilt6ss: Importers of Dry Goods, Shirts Etc.-ElIlftblished: 1907-Pro1Ji"'"ietol': Cua Ye-BU1Ik Reference: China Banking COI·pomtion. DAIDO BOEKI ](A ISHA, LTD. H ead Office: Hongkong & Shanghai Bank buildill'g, P. O. Box, 888, Ma nila- Branches: Cebu, Iloilo-."I\'ationulily: Japanese-Business: General Importers and Exporter s-Established: 1920J-hllhnl'ized ami Paid 11/) Capital: Ycn 2,000,000,00OfficcI'3: K. Itoh, Pres ident; N. Nakamura, Manager; N. Mori, SlIb-Manag<lr-Teicymph: "Oaidoboeki"-Cories: ABC 6th. Edition, Bentle.y's Complete Phrase, Bentley's Second Phrase-BatIk Ref/n-e?l()CS: Yokohama Speci2: Bank, Ltd., Nation!!1 Cit:· Rank of New York. DAISY PHILIPPINES, I NC, Head Officc: New York-Bmllcll: 231 Gral. Soluno, P. O. Box 1887. Manila-Nationality: Americ:an-BI!8incIM: Manllfacture,'s of EmbroideriesEFttabli~hcd: 1935-0fficers: Arnold Cines, President; Sall1ll ~1 Zwillich, Vicc-President; Samuel 0, Goldstein, Tl'easll l'er- Tel eg)'o ph: "Cin!!sgold"Lodef: Liebers-Ba1J1: Reference: Philippine Trust Co. p, M, DAVIS & CO.
Head Office: fi41 Muell!! del Banco Nacional, O. Box Hi33, l\Janila-.'VatioIIJlity: AmericanEasinp,ss: Man ufnctUl'(!rs' Representative General
r.
Men:handise-F.slab1ished: 1922-Pa1't1lel's: P 1\1. Davis and S. N. Sche(!htcr-TeleurClpl1: "Pamaoa\'is"-CQdl's: Rcntlcy'~, Acme, Western Uniol1, l·uo. P''ivate-l101!k R"fe"cllrc: National CH,), Bank of ~ew Yol"I"
DA YMON GLASS STORE Henri Office: 707 R. Hidalgo, Manila-Naiiollolity: Japarrese-Bltsi1less: I mporters of Glass, Hardwa re, Tools, Plywood and Genel'al Mcrehandil;e-Estoblisilc(l: 1936-P"opl'ictol': Taisho Eul.3 -Bot/k Refercl)ces: Yokohama Specie B81rk, Ltd .. National City Bank of New York.
DEE HONG LUE & CO., INC. Head Ofjice: 920-950 Juan Luna, p, O. Box 2978, · l\1aniln -B,.a1t~ft: Masinloc, Zambales-l\'a!lollality: Chinese-Bltsilt68s: Manufacturers and Exporters of Lumber and Lof:!3-Offiter8: Dee Hong Lue. P l'esident; Dee K. Cheong, General
PHlLIPPINES Managel'; Gervasio Luis Que, SeCl'ztary; Vicente Beng P-eng-, Tl'easurer-Teleg)"(~7)h: "Zaluc"t;odes: Acme-/Jallk Re/enllcc: Philippine Natiop'ai D~'
Bank.
fIENTISTS' CO-OPERATIVE SUPPLY CO. Head Office: 838 Rizal Avenue, P. O. Bo}[ 1582, Manila-Natio1tality.- Filipino-BusilICSS'- Importers of Dental, Surgical and Engineering Equipment and .supplies-EstaMished: 1926-P"opl"ieto1': Aurelio Ramos-Tcleg)'(/p/t: "Aul'u"-Bltl!k Reference: Phil. ippine National Bank. DIU
PO KlAN Head Office: 327-329 Santo Cristo, ManilaN"(oionality; Chinese-B1tsiucss: I mporters of Co-
coa, Beans, Spices; Exporters of Rattan, Bag!'. Mats-Established : 1908- Prll/wietor: Diu Kiam Tie-Telegraph: "Diu Po Kian"-Sunk Reference: China Bankinog Corporation. DY CUlTON & CO. Head Oflice: 119 Rosario, Manila-Nationality: Chinese-Blisiness; Importers of Dry Goods and Tt!xtiles-Eslablished; 1911-Rro".-ietor: Dy Cuiton ~-B(l.n/.; Re/tJl'ence: China Bank,!ng Corporation. DY PAC & CO., I NC. Head Office: 1032 Juan Luna, P. O. Box 1239, Manila-Brallch; 808 Juan Luna, Manila-Nation. ality: Chinese-Business: Lumber Dealers-Of/leel's: Dy Pac, President: Fl'ancisco Gochuico, Secretary; Dy Tec Sing, Treasurer-Telegl'aph: "Dypac"-Codes: Bentiey's-Ballk Rcfe)'encf': Hongkong & Shanghai Banking COl·poration. DYCHAUCO ROSENDO Hearl Officc: 318 Santo Crisfo, J\'[ all'lIa-Nat-ionality: Chinese- Bnsiness: Importer of Porcelain Ware, Glassware, Lamps, Lanterns, Etc.-Establish(.d: 1908--P)'oprieto)': Dychauco Rosendo; Assistanl l\'lanager: Guy EJow- Teleg!'(tl}lh.: I<Dychauco"COlles: Bentley's, Private-Bank ReferfJnce: China Eanking Corporation. THE EDUCATIONAL DISTRIBUTORS Head Office: 765 Juan' Luna, P. O. Box 567, Manila-Bra?lches: Iloilo city and Iba, ZambalesNationality: Filipino-Bl{sillcss: Wholesale and Retail General IHerchandis~E8tablis"erl; Head office 1925; Branches, 1932- Pacifico Buenconsejo, Sole Pl'opl'ietor-invested Capital.' Pesos 32,000.00-'8MI/.; Re.fe1'611ce: Philippine Trust Co.-Telflu)·a,ph: "Rotncude" Tl'ade-mark: E. D.
THE EDUCATIONAL P UBLISHERS Head Office: 1351 Gra!. Lun'U, P. O. Box 2586, \'Ianila-Nationality: Filipino-BushlesB: [mpol'ten: 0: Office Supplies, Sign Mah:ers Etc.-(Jropl'ietol·. Juan P. Luna-Bamk Refc)'ence: Hank of the Philippine Islands. EL
BARATO Head Office: 300 Cnl'l'iedo, MaT1ila-Bt·(I.1Icltes: Josephine's, 169 Escolta and Dolly's, l\fanila-Natiomt/ity: Filipino--B1Ish,css: Wholesale and Retail Diamonds and Jew eb'y-Es~abli81te{l : Head offite, 1926; Branches, 1934-Josefina M. de Fran'Cisco, Owner and l\Janager-Ammu/ T !/1'IIOvel': About Pesos 240,000.OO-8n.111~ Rcfe)'ence: Philippine National Banl,-TelcU1'a1l/!.' "Mantelfl'uncisco." E';L 82 T I ENDA DE PINTURAS Head Office: 96 Rosario, Manila-Natio1lalit·y ; Filipine-Bwtiness: Importers of Paims, Hardware, Artists Mal2rials - Established: 18S2--0wlle)': Hijos de Roman Ongpin-Il/(ttlager: Constancio Ongpin-Tdeg )·n.ll/t: "Rongpin"-Codes: Bentley's. A BC 5th. Edition- Bank Reference: Bank of lhe Philippine Islands.
B. DE ERQUIAGA, INC. Head Office: 909 Indiana, P. O. Box 2053, Manila-Branch: Legaspi, Albay-NationaTity: Filipine-BlIsinl1ss.' Imponel's of General ~lel'chandisf! and Exporters of Hemp Hnd Copra-Established: 1934-0f/1ccl's: Buenaventura de Erquiaga, Pres· ident and Treasurer-Concepcion Guitisoio, VicePresident; Jose T. Crisostomo, Secretary-Tclcrraplt: "El'quiaga"_Ba?11t Refe1'C71l;e: Philippine National Bank. EXClB,4.N MINING COMPANY Head Office: !'Ilr.nila, Philippines-Registe1'ed; November 11, Hl37-Naeionalify: Filipine-Busi~ ness ; To calTy the busiI1'esS of mining, milling, smelt. in6' gold, copper, lead, zinc, etc.-Capital Stod,,: 1,000 shares of stock of no pal' value-Subscl-ibed and Paid Ca/~ital: Pl,OOO.OO-/1!coJ']lorators: J. E. H. Stevl'not, J. S. Rampson, Tomas Confe!';ol', John E. Christianson, Dr. Joaquin Pardo de Tavera, T. 1',1. SevillA, Ramon Joaquin and Eugen'io Padua. I":\NLO Y CIA, INC. Head· Office: Manila, P. 1., Post Office Box: 86U-Nat1'onality: Spalrish-Establis/tecl: 1923F usiness: Gcneral Merchants--Paid-ill Cu,1)ital; Pe~os 45,OOO.OO-Pftl' Vaf1u. of Shm'cs; Pesos 100.00 -~PJ'iJ!cl~1J(tls: Felix Fanlo, Maria S. de Fanlo, Jose
532
THE COMMERCIAL & INDUSTRIAL MAN'UAL
1'anlo, Gregorio Fanlo, Artur o Fanlo--Telegl'aph Acldl'cS8: Fanlico-Bunk Reference: Hongkong h Shurrghai Banking Corporation; Bank of The l-'hilippine Islands.
GOMBA, RODRIGUEZ, RIVERA AND CO., INC. Head Office: 469-473 Regina Building, Escolta, Manila. Nationality: Fit))ino. Organization: Corporation. Branch offices: San Fernando, Pampanga. DirectQl's: Francisco D. Gamboa, Virgilio L. Rodriguez, Cayetano Rivera, Juan Gam.boa, Victoria H. Vda, de Rodriguez, Angela D. Vda. de Gamboa~ MarLin Bondoe. A1£thorized CcqJital: Pesos 500,000.00. Subscribed and Paid 111) Ca1)t(l/: 'Pesos 350,000.00. Pal' VuIILe of ShUTes: Pesos 100.00 each. Business: Import and Export of genera] merchandise j brokerage. Bcmk RefcJ'ences: Phi1:ippine National Bank.-Teleg,;a.p'h Aad·ress': GARORICO. Codes Used: Standard and Private. GO CO LA Y & COMPANY He.'ld Office: 314 N~eva, P. O. Box 991, Manila-Natiollality: Chinese.,....-Btls11US8: Importers of Vegetables, Glassware, enamelware, porcelainware and General Merchandise- ritlcilJals; Go Kawe. i\lan'agel'j Go Tian, Assistant 'lanagcr-Teleyl'anh; "Colay"-Codes; All Standard Codes-BatIk Refet·e?il'e; Chilla Rankin:::- CorporatIOn. GO FAY & CO., INC. H ead Office; 443 SlIinZtlr, Manila-NatiolWlify; Chinese-Bllsincss; Importers and Exporters of Leaf Tobacco- Est(tblishecl; 1930-0ffice)'s; Sy Ling, President; Go Fay, Manager; Eliseo Ymson, Secretary; Go Salio, 'I'1'easul'cl'-Tl'iegnz,ph: "Gofayl' - -8el1l{; Rcferences: National City Bank of New ).'ork; China Banking COl'porat1ion. GO SINGCO SONS & CO. He(lll Office: 127 Rosario, P. O. Box 1188, i\(anila-Ncllirmality: Chinese-Business: lmportcr s of Embt'Oidery Threads, Notions and General Merchan'dise-Estnblished: 1902-Mann.t7oj·: Go Tien Cheng-Do"k Rofe/'oJlce: Chi na Banking Corporation. GO SOC & SONS, INC, Head Officc: 618-620 Rizal Avenue, P. O. Box 2411, i\lunila-NatiQllality: Chinese-8usitless: Importers of Hardware, Paints, Oils, Plumbing an'd Electrical Supplies-Established.' 1933-0fficcr8: Cornelin L. Go, PI'esident; Sofronio Go, Vice-President; Hel'lllenegildo L. Go, Secretary & Treasurer ·-Te1CY1·U/ll!: "Gosoc"-Codes: BenUe~"s and Pri-
vate-Bamk Referellce: Peoples Bank & Trust Co,; Philippine National Bank. CQ TIAN GEE & CO, Hoad Office: 180 Rosal'io, P. O. Box 2107, Manila - Brancl!: Cebu - Nution(llity: Chinese Bllsines8: Importers of Silk and Cotton Piece Goods -Established: 1902-Pritlcipalll: Go Tien Gee, Manal!'ing Dil'ectol'; Go Yu Chee, Manila ManagerTeieYJ'U1}"; "Gotinge"-Bank RcfC!rences: China Banking COI'pol'atiol\" National City Bank of New York; Chal·tered Bank of I ndia, Austl'alia & China . GOLDENBERG & CO, Hertd Offioe: Plaza Cervantes & Juan Luna, r. O. Box 1421, Mall'ila -Nuti07/alit:y: British-/JUSitlC8S: Department Store-Establishe(l: 193 1Office/'s: Michael Goldenberg, President: T. M. Holmselr, Vice-President; Cecilio Bonifacio, Secretary; Leon Goldenberg, TI'ea sul'er-Teleg)'u1Jh: ·'Goldenberg"-Cocles.' Bentley's, Acme, PrivateBank Refe)'ence: China Banking Gorpol'Utioll. A. C. GONZALES & CO., I NC. Hea d Officc: 213-221 Crystal Arcade. ManilaIYatiomdity: Filipino-BlIsiJI6ss: D(>alel's ir: Masonite Product.<;-Estublisl1ed: 1933-OfficcJ's: A.
GREGG W
1'1
COMPLETE
RAIL WAY EQUIPMENT MINE CARS RAILS PLYMOUTH LOCOMOTIVES LARGE STOCKS ALWAYS ON' HAND IN' MANILA
Gre gg Car CO., Ltd. P. O . Box 117
Manib, P. I .
Office and Warehouse Calle Tomas Claudio Pandacan, Manila
Phone 6-75-86
PHILIPPINES C, Gonzal.1!s, President; Cal'men p, de Gonzales, Secretary-Dil'ectol's: A, C. Gonzales, Carmen P. de Gonzales, Enrique Caguiat, Joaquin P ardo de Tavera, Herman Yaras-Batlk Rcfel'ellces: Philippine Trust Co.; Philippine National Bank. GOODWILL F ILM EXCHANGE , INC. (MAN ILA ) Head Officp.: 326 Misericordia, P. 0, Box 2696, Manila-Nationality: Filipin o--B usincss : Importers of Motion Pictures-Established: 1930-0fficers: Vicente R. Verzosa, President; Jose R. Verzosa, Vice-President; Natividad Acuna , Secretary-TelegralJIt: "Goodwill"-Codes: Bentley's, Oriental 3-Letter-BlI?!k Referellce: Philippine Trust Company. eUAN LAM CHIO NG GROCERY H ead Office: 545 Santo Cristo, Manila-Na.路 tionality: Chinese-Blt.,siness: Importers of Grocel'ies --Established: 1907-Ma1Iage/': Chan Tan-Bank hefet'erlc,,: China Banking Corporation. GUARANTY CYCLE SU~PLY Head Ojfice: 622 Rizal Ave" p, 0, Box 2787, :\tanila - Nationality: J apa~se _ B usiness: Importers of Bicycles and Acce\sories-Established: 1928--pJ'esident: T. Kohno--Telegraph: "Garantycycl"-Bank References: Yokohama Specie Bank, Ltd; Philippine Trust Company. GURD ASMAL, GEHIMAL & COMPANY Head Office: 676 Ilaya, P. O. Hox 3135, Manila -Nationality: British-lndian-Btlsines8: Importers of Silk and Cotton Piece Good s-Eiltftblislted : 1934Partners: Gurdasmal l\Ioulchand, Gehimal HemandllS, Bhagwanda s Thawel'das-TeleQ),aph: " Laksh~ nLi"-Ballk Refe/'ellee: China Banking Corporation. GUTIERREZ HERMANO S H eod Office: 122 Beaterio, P. 0, Box 776, Manila-NatiQJlah't,y: Spa ni sh--BI(siness: Exporters of Copra, Hemp, Cattle, also Shipowners doing Coastwise Shipping-EstabUslted: 1925--Jose F. de Ia Yara, President a nd Manager-Teleg)'aph: "Gutierl'ez"-Bank Refen:nee: Philippine Tnlst Company. HAP HONG HARDWARE CO. Read Office: J01 Juan Luna, p, O. Box 2223, Manila-Nationality: Chinese--BusiJICSIl: Importers of Hardware and Machine Supplies-Established: 1927-0ffice/'s : Lim Seco, President; Gau Kan, Vice-President; C. C. Lion, Tl'easurer-Teleg ralJIt "Uaphong" - Codes: Bentley's _ Bamk Reference: China Hanking Corporation.
533
JiENG ROA & CO., INC. Head Office: 429 Nueva, Manila-Nationality: Chinese-Business: Importers of Dry Goods-Established: 1933-0fficers: Tee Chong Pee, President; :Miguel Uy Seco, Vice-President; Tan Sun', Secr etary; Ong Kok Fay, Treasul'er-TelegralJI!: " Heng hoa"-Bank Refel'et!ce: China Banking COl" poration. HELENA CIGAR CO. H ead Office: 36 Novaliches, P . 0, Box 1152, Manila-Nationality: Americall-B1(8ill6ss.' Manufacturers and Exporters of Cigars al\'(] Leaf Tobacco - EstabUshed: 1923 - P)'incipals : Morris Friedel', President; Mrs. E. C, Cadwallader, Secretary ; S. Frieder and Sons, Managers- Telegraph; " Helenci g"-Ba1lk R efel路ellee.' Chartered Bank of India, Australia and China. HERMOSO HERMANOS Head Of/ice: 30il Ongpin" Tl lanila-Facto/'y: l\1eycawayan, Bulacan-Natio1Iality: FiJipino- Busi_ liess: E:l:.por ter s and Tanners of Leathel' and Glue ;lllaterials--Estabfished: 1890-Presidellt: Marcos F ermoso-Telegl'aph: " H ermos"-Bank Rejerellce: Philippine National Bank. h IKE SHOE FACTORY Shoe Fa etol'Y alld Box Faetol'Y: 286 San l\larcelino--Hike Shoe Palace Stu,.": 140 Escolta, Manila-Nationality: American-Business: Manu_ facturers and Dealers in Shoes-Ojfieers: l\'ll's. N. V. JI.'1cGl'ath, President; R. V, McGnlth, Vice-Pr esident ; p , Duenas, Secretary and Trcasurel'- Tele{jl'aph: "Shoemach"-Batlk Refercncc: National City Bank of New York. E. C. HOLBRO,OK Conespondellt, United States Steel Products Company-Tel. 2-32-38-221 SamnniJIo Bldg., Escolta, Manila-Na tionality.' American-Business: Steel Products as Gnlvall'ized Steel Sheets, Black Steel She.?ts, Stainless Steel Sheets, Tin Plate, P ipe and Tubular Products, Nails, Wire for aU purposes, Barb Wire, Wire Rope, Electrical Wire and Cables, Woven Wire F encing nnd Screen Cloth, Rails and Accessories, Grinding Balls, Structural Shapes, Plates, Bars, Sheet Piling, White, Waterpr oof and Refractory Cements. HOSKYN & CO., INC. Head Of/ir.e: J . M. Basa & Smrto Nino Sheets. Iloilo City-Nationality: Amel'icall-BI(silless: Im-
THE COMMERCIAL
534
&
porters and Dealers in Gcncm\ Mcrchandisc-Estab~ lished: 1925-Directol's: Gco. M. Suul, G. M. Loring, W. 1\'l. Saul, H. P. [-Task}'Il, Emilio Gal'cia. HUNTERS H EADQUARTERS H eael Oifice: 307 Bustos, i\fanila-.'Vatiollality: Filipino-BIt.<:int8s: Importers and Dealers in Fire路 a l'ms, Ammunition', Sporting Goods-Officel's,- ToInas P. NavalTo, President; Rafael P. Navarro, Vice-
President; Prudente Francisco, Secretary; Cornelio Sallchcz, TI'CaSU1'cr-TelegJ"(t,ph: "Topan"-Bamk Reference: Philippine National Bank.
lDEAL BAZAR HC(td Office: <111-4 15 Rizal Avenue P. O. BOA H4, Manila-Bnl1/ches: 425 Rizal Avenue and COl'll'el' Escolta and T. Pinpin, Munila-Nutio1/ality: Jnp<lncse-Busine.<;s: Importers and Dealers in 'fextile Goods and Ge,pel'al Mel'chandisc-P?'op)'ieto)': K. Kawahnra-Telegy.oph: " l debag" Balik Reference; Philippine Trust Company.
IDEAL MUS IC STORE XO., INC. HCM/ Office: 238 CalTiedo, P.O. Box 959, Manila-Brallches: Albay and Iloilo-Nationality: FilipinO--Busillf's~: Tmportel' I,lnd Dealer in Musical instrumeJrts, ~1usic Sheets, \Etc.-Officc)路s: Jose J oson, President and i\lan'agel~ Flaviano Sanchez, Vice-President; Mal"iano A, Guzman, Secretary and 'l'reasurer-Telc{jr(lpJt: "Idealmusco"-Ba1!k Refc)'ClICC: Philippine National Bank. lLA YA MUSIC STORE CO., I NC. H cad Officc: 600 Rizal Avenue, P.O. Box 2797, Manila-H)'auch: National l'..rusic Store, 247 Carriedo, l\Iall'iln - N(ltiolwlity: Filipino - Bushlcss:
INDUSTRIAL MANUAL I mporter and D:!aler in ~1usical lnstl'umentsOfficel's: Santiago Cruz, PI'esident; Luciano C. Cruz, hlanager; Aqui lino Cruz, Secretary; Eustacio Cubinar, Trea surer-TeleY)'u7J},: " Jlaya"- Bonk Rcference: Peoples Rank alld Trus t Company. ILETO COO P ERAT IV E MARKETING ASSOCI AT ION Head Office: 911 Dagupan. Mnrtila-Provillcial Add)'es.~: San Jldefonso, Bulacun-BJ'ullches: Tabaco, Albay and Cebu-NcttiollaWU: Filipino-Gus-iness: Expo l路tel's of Rice-Es/ctblisilecl: 1931OfficeJ'~: Domingo V. lIeto, President; TI'inidad V. Tl eto, Vice-President; Manuel Geronimo, Secretary; I~r . E rnesto ileto, TI'easul'er-8allk RcfcTellce: r~h iJippine National Bank, ILOILO AV I ATIO N SCHOOL, I NC. Hea (l Officc : il oilo-Registe"ed: November 23, 19::I7-NatifJlIulity: Filipino-Bmdtlcss: To open schoC'1 and to teach al'ts, scipnces, and other studies embraced in Hviation, 'etc.-Capital Stock: 1'150 ,000.01) divicied into ] ,500 shares of the pal' value of PIOO.OO eaeh-Sllbscribed M I d Paid-ill Capital: P30,OOO,OO-/7!CO)'lJOratO)'s: Fernando Lopez , Carlos Lopez, Ramon Lopez, Eduardo Lopez and Jose Tinsay, ILOCOS TRANSIT, INC. Head Office: Luoag, [l ocos NOl'te-Registc)'ed: NOY<!mber 2, 1937-Natiollulity: Filil)il~Busi)le88: Land transporlation of passengers and freight by meam; of motor vehicles-Capital Slne!.-: P45,000,00 divided into 45,000 shares of the 1mI' value of P1.00 each-SubscJ'jbecl Cupi/al: 1' 12,500,OO-Capital Paid: P8,500.00-11lc(w}10I'alfJJ's: Adeudllto Agbayani. Fl'an_
THE COMMERCE (EL COMERCIO) AFTERl\'OON DAILY I T ENGLISH (Established November 11 , 1863 )
" THE OLDEST PAPER IN THE PHILIPPINES TODAY" P"blished bJ'
THE INDEPENDENT PUBLISHING CO., INC. 6S Juan Lu na
MANILA
P. O. Box 127
PHILIPPINES
535
cisco Arzaga, Pilar Ravelo, Bartolome Umayam, Cipriano Cid, Salvador P . L opez, Antonio Raquiz3, Gregorio Ablan, Mar cela D. Sa moy, Esteban Madamba, Patrocil'l'io A. Madamba and Antonia C. Tanicala. ILOILO TRANSIT CO., INC. H ead Office: Iloilo--Registered: November 23, 1937-Natio1iality: Fiiipino-B1lsiness: Transpol-tation-Capital Stock: 1'>500,000.01) divided into 50,000 shar es of the par value of P10.aO each-S1/bscribad Catpi/al: l'lOO,OO(\.OO-CUIJital Pai(l: 1'25 ,000.00IneOI"pOnttol"s: Ramon Lopez. Vicente Arenas, Pucita Moreno, Bernardino Hernandez and Maria S. Javellarra.
and The COfnnterce-Est:lblJshed: La Opinion, December 23, 1925; The Comme,·.:e, November 11, 186S-P/1?!cipa!s: Davitl Perez de Tagle, General Manager, Edward Cardenas, A:,;sistant Manager, Rafael E. Arenas; Jose C. Suarez and l\1oises Guerrero, Editol's-Nistl)1·jcal Notes: Founded 1863. Oldest newspaper in cxistell'Ce in the Philippines. Formerly in Spanish but changed into English in ]931{. Devoted to development oC commerce and industry in the Islands, independent from political afilintioll's. Rend nil over the \\'orld. Co-sister of La Opini{)u, both of which are published by the In.· (lcpendent Publis hing Co., Inc., 65 Juarr Luna, Ma· nila-BulIk Reff!')'ence: China Banking Corporation.
IMPORT MEAT & PRODUCE CO. Head Office: 119 Padre Fauru, P. O. Box 1337, Manila-Ncttionality: Chinese-I::1I siness.- Importers of Cold Stores, Dai'ry Products, Vegetables, Gro· ceries-Esta,blished: 1935-Pri1!C!pals: King Ta, Proprietor; Wj]]iam J. Ellis, !\Janager-Te:legmph: " lmpco"-Codes: BentleY'~Ba.nk References: Phil. illpine Trust Co.; Hongkon'g and Shanghai Banking Corporation.
INSULAR ART COMPANY Head Office: 555 Misericordia, P. O. Box 1712,. Manila-Branches.- Los Ang<!ies, New York City~ ;·'ationality: American~Btls iness .- Exporters of RattaN Fm'nitul'e-Established: 1936~Officel's : A. A . McQueen, President; M. E. Grey, Vice-President; H. A. Linn, Secretary; R. E. Gl''eY, Tl'easul'crTclegra1}h: "ArtinscQ"-Cocles; ti. S. lHat.-Bank Refel'811ce: P i!oples Bank and Trust Company.
TNADA BROS. Head Office: 1749 Azcanae:a. P. O. Box 101, l'·ianila - Nationality: Japanes.e - Business: 1m· porters of Cotton Goods and Sundries-Established: Hl26-P/'illci]luls: S. Inada and G. Inada-Telegraph: "Ibs"-Ba1Ik References: Philippin'e National Dank; Yokohama Specie Bank. Ltd.
I NSULAR l\WTORS, INC. Head Office: 539 M. del Banco Nacional, P. O. Box 570, Manila-Nationality: American- Bu siness: Importers of Motor-cars, Trucks, Tl'ail'<!rs- Estabfished: 1934-0fficel's; E. E. Wing, President; Nellie Grace Wing, Vice-President; 1\1. C. Navia, Secretary; Frank Liddell, Treasurer-Telegraph: "lnsmo"-Codes: AI! Standard Codes- Balik Re. j.wellc8s: Chartered Bank of India, Au stralia and China; Philippill'e National Bank
THE INDEPENDENT PUB LISHI~G CO., INC. Hl!nd Office: Manila-Na.tionality: SpanishB/IIdlless' Newspapers; Publishers of La Opinio1t
LA OPINION AFTERNOON DAlLY IN SPANISH (Established December 23, 1925)
P"biiJh,d by
THE INDEPENDENT PUBLISHING CO., INC 65 Ju an Luna
MANILA
P. O. Box 127
"HE COMMERCIAL & INDUSTRIAL MANUAL INSULA R CIGAR & CIGARETTE FACTORY, INC. Hcad Office: Plaza de Binondo. P. O. Box 52, Manilu _ Nat,i01wl1ty: Spanish - B11sillesB: ManufacturcI'!' and Exporters of Cigars and CigarettesTeleoraph: "Tnsular"-Bamk Re/crences: Bank of the Philippine Islands; Ph ili ppill'C National Bank; l\ationul City Bank of New York. INSULAR LUMBER CO. Ma11ila Office: 306 Samanillo Building. P. O. Box 456-S(J1tImill~: Fabrica, Occidental Negros- · Natio,w/ity: Americun - lJlIBiIlCSS: J\Innufacturcr~ tllld Exporters of Philippinc Mahogany and other J ~nl'dwood-O//icM's: J. Ruymoll'd Peck, President: S. G. 'I'Ul"ncI', Vice-P resident; K R. Edgecomb, Secretury; H. C. P ope, Gencl"ld Tllunugel'; A. F. Rcnder, in Chal'g'e Manila OIfice-Ba"llk Refercrlce: National City Bank of New York. INVES'1'ORS SYNDICATE, INC, Head Office: 205 R gina Bldg., Eseolta, i'l1a· nila-Nationality: Fili pinQ,:-.BlI8itleIl8: To act as agent or l'cpl"(~sentative of coq)ol'ations, firms or individuals, etc.-Ca1)ifal Stock: 1,000 Shal'es of stock of no pur vnluc-SubSCl-ibetl a1lf1 Pcticl-in Capital: l'l ,OOO.OO-/ ncol·/JoJ"o tors: FeJi'X D. lI1iraflo1", Damian Pml'davela, P or f irio Ignacio, Arsenio A. Tapiadol" and Ramon M. Caparros. IStTAN, I NC. Heud Of/ice: 47 Cristobal, P. O. Box 1587, j\lanila -Brallc"e.~;
Los Bunos, Bacolod-NatiomILAmerican-B1Isilless: Manufact.urers and TJealers in Aerated Waters, Bcel', Soft Drinks and Revel"Ug'cs-Establis}1 ed; ] 902- 0/ /icel's: C. P. White, President; Anton'io Pard, Secrctal'YVircctOl"8: J. 1\1. flhmzie, T . J. Wolff, N. M. Saleeby, E Hcybrook- TeleU),O/J)lt: " l sua n"-Oodc8 : Bent.i'l!y's Bunl.- Ue/crence: Philippine 'T'l'ust Company. ill!:
,TAO CUI PIEN Head Of/ict): 809 Reina Regente, P. O. Bo~ lUfl5, Manila-Natiolwlity: Chinesc-BIlsi1IcIIs; Exporters oi Coconut Oil, Copm, Copl'a Cake an'd Copra Meal- B"anch: New York City-Established: 1921 _ p)'op;-it)tO)': J ao Cui Pien - Tclegmph: "Jaocllipien"-Bomk R e/erence: H ongl.ong and Sha nghai Ba nking Corpor ation. JOK UlAN CH ONG Head O//iee: 423 Misericordia, Manila-Natio,mlitll: Chirresc-Bl(.8ine88: Importer of Eggs1o:I'ta bli8hed: 1903-PrOl,rietor: Vu In- Telegraph:
"Jokdianchong"-Bcl1Ik Re/erence: Chinn Banking C01·pol·ation. KAW TONG H ead Of/ioe: 513 Nueva, P. O. Box 96, ManilaNaei01tal1ty: Chinese-Busi1tess: Impor ters of F ood· stuffs and General Merchandise-Established: 1935 _PriJlci/)fI18: Kaw Tong, Pl'Oprictor; Ang Tek Bo, Manage l' and Trcasurer-Teleg)'(lp}l: "Kawtong"H(mk Re/erellcc: Chi na Blmking Corporation'. KER & CO., LTD. H end Office: 10 San (;abl'iel, P. O. Box !n2, Manil.:l.-B,·(llIchc8: Iloilo, Cebu, Davno, 8l\eolodNutio'lfrlity: British-lJIIRil'CIlII: Imp()rbers of Textiles. H a rdware, Thread Etc.: F.x l)OrtCl's of Hcmp and Rugar-Est(Lblisherl: H,.~r.-Uf/ic(ll·s: H. B. Fostar , Vice-Presidcnt and T I'ea~urc r; J. del Castillo, Secrctary- Di"ecfo1"s: J. ,Yo Howells, W. C. Naismith. G. M. Alexander, A. A. Brown-7'elcgral,l!: "Kel'''-Bullk J? e/ertmce: Chartered Bank 01 India, Australia and Chinn. I{OAJ CHECK UY ~ead Of/ice; 320 Pinpin, P. O. Box 1325, Maniln-NMio1wlify; Ch inesc-Iillsi1/eIlR: Importers of General Merchandise-E""(l blial!cd: 1918-PJ'o/11-irt01": Roa n ('heck Uy-Tclegr'tpft: "Manleclung" _ -En11(.- Refuellce: China Ba nking CO I·pol·ation. KOBE BA7.AR H end Of/ice: 316-320 Echa~ue, P. O. Box 1259, Manila _ Natiollality: Japanc!;c - 8118ine88: Importers and Dealers of GcnCI'nl MerchandiseEslablis}le([; 1911-Pl'oprie tol': H. NakashimuTcl eY1"f wh : "Kobebazar"-Ba11h R c/ol'ence : Yokohama Specie Ba nk, L td. KODAK PHILIPPI NES, LTD. lIMd Of/ice: 434 Dasmnriiias, P. O. Box 351. Mani la _ Nat iollaiHy ; American - BU8ille88: [mporters and Dealers of Photogmphic SuppliesTelegraph: "Kodak"-PriJlci"alB: W. P . Lane, Mallager; R. M. Gordon, Assistnnt Manager-Ba1lk /{c/el'cJlct; National City Ba n\; of New York. KU AN LOW & CO. H ead O/iice: 41'1 Poblete, P . O. Box 69, Manill\ __ NntltJlwlity; Chinese-BII8ineIlB: Impor ters of Provisions, Foodstuffs, Fruits, Tapioca, Seeds, Flour Etc.; Exporters of Ma ngoes F.tc.-E81a.blished: 1936 _ Propriotor: Kua n Low-Teleg·r aph: " Kwongchuyuen"-Bank R c/erence; China Banking CorI'ol'l\tion.
PHILIPPINES LA DICHA (LA PAZ Y BUEN VIAJE) CIGAR AND CIGARETTE FACTORY Head O/licc: 0129 Asuncion, Manila, P. I.-Naiitmality: Filipino-Business: Manufacturing and Selling Cigars & Cigarettes-Established: Over Fifty Years-Pul't1tcl'ship-i\l/anagef": Don Benito La O-T~lc9T(1)h Address: "Pazfactor.y"-Codes: Bentley's.
LA
TONDF.~A
INCORPORAT ED Head Office: 618 Echagul:!, P. O. Box 691, Manila - Natiomtlity: Chinese ~- Business: Manufaetul'i!l'S and l!:xportcl's of 'Vines and Liquors, Dis.. til!el's-Establ1'.~hed: 1902-0fficers,' Carlos Pal an<.:8, President; Angel C. Pulsnea, Vice-President-Directors; Cados Palancn, Angel C. Paianca, Sebastian C. Paiall'Ca, A. B. Powell, H. J. Shoemakel'Ters{Jraph: "Tondeiia"-Codcs: :\'BO, Acme-BalIk References: All Local Banks.
P. SIXTO LEECHIU Head Ofiice: 308-310 Nueva, P. O. Box 1907, r-1anila-B1/sintlss: Importers of Cotton Yarn and Textiles--Eslablished: 1924-Telegn},plt: "Leechiu" -Ba11/;; Refel'e1lce: China Ban\ting Corporation. ENRIQUE LETE CHAN CHUAN SONS CO. Head Officc: 403 Jabonero~, P. O. Box 1010, Manila-NalionaliilY: Chinese-HII~ineRs: Expol·ters of Leaf Tobacco-Established: .!.899-PI·oprietor: Chall' Too---Bank Refel'ences: China Banking COl'pOI'ation; Bank of the Philippine Tslands. LI CHAY TOO Head Office: 489 Nueva, P. O. Box 63, Manila -Natio1Iality: Chinese-Business: Importers of Dr;\' Goods-Established: 1934-P1'Oln-iefOl': Li Chay Too --Telegraph: "Lichaytoo"-Baml,: Refel'ences: China Banking Corporation, Philippintl National Ban'k, National City Bank of New York. LJ SFlNG GfAP & CO., INC. Head Office: 129 M. de Binando, P. O. Box 3650, Manila-Bn~nch Offices: Legaspi, Daet, Naga, Pangasinan'--Natio,rn/itl': Chincse-BI/siness: Exporters of a~mp, Copra, Rice--Rstablished: 1913l')-incipals: Dy Huan Chay and G. Dihlango, Partnors; Li Seng Giap, Manager--Also Owners and Operators of Motor Vessels and Steamships-Telegraph.: "Lisengiap"-Codes: Duo, Ben'tleys' ABC 11th. Edition, Universal Trade, Privafle--.-Bank Re_ /erenc6t<: Chinn Banking Corporation, National City Bank of New York; Bank of the Philippine Islands.
537
LIBBY, McNEILL & LIBBY (PHILIPPINES, INC.) Head Office: J\fanila-BI'all~h : Cebu, P. LNational ity: American'--B1tsiues8: Food Products -EsLablis/led: December lOth, 1927 in Manila; June 1st, 1937 in Cebu-p,·incll>als: E. D. Gundelfinger, President and Managcr; K. C. l<~airchild, Secretary -Autho!'ized and Paid-in Capital: P 2S0S 100,000.00 -Telegl·u.ph Addre8s: "Libco"- Bar. k Re/erence: National City Ban'k of New York. LIM eHA Y SENG Helle! Of/ice: 222 Rosa rio, Manila, P. O. Box 2220-Natio'1lality: Chinese-Rusi/less,' Importers of Piece Goods·-Rsfablisltcd : 1DOO- Pyoprietol': Lim Cllay Seng- Banfc Re/erc1Ice: The Bank of the Philippine Islands.
LIM GENCO & COMPANY VruDA DE A.1\[. H. Head Of/ice : 716 Lavezal'cs, Manila-Nationality: Chinese-Filipino-B1tsinet<s: Bxporters of Leaf T obacco-Established: l S!}5--PI'illeipals: ToIrlasa Vda. de Limgenco, ManageI' and P. V. Lim_ genco, Treasurer-Telegl'aplL Address: " Limgenco" -Bank Ro)fel'ence: Bank of the Philippir...;! Islands.
LIM GENCO & COMPANY Head Office: 704 Ilaya, Manila-Nationality: Chinese--B1/siness: Manufacturers of Sacks-Estab_ l'i shed: 1916-ManaOIT: Lim Ki Chua-Batik Reference: China Banking Corporation. LITTON & CO;'\IPANY Head Of/ice: 530-540 Juan LUn'a, P. O. Box 554, 1'Ifanila- B1'anch: 22 J. M. Basa, lloilo, P .1.B1lsiness: Impol'tel's of Silk and Cotton Textiles; Fishing Nets and Twines, Purses; Toilet ArticlesP)'incipais: G. Littoll', President; Leon Tamayo, Sec-retal'Y; G. Litton, Treasurer; M. del Rosario, Auditor-Dil'ecto)'S: G. Litton, H. T. de Litton, F. TuJod, A. Tutod, S. VictOl'in'ao- Ba1Ik Reference: Philippine National Bank. LIWAYWAY FILMS INCORPORATE D Head Office: 3rd Floor State Bldg., Annex i\fanila-Registered: Nowmbel' 2!l, 1937-Tenn: 50 yearS-BI(s11tess: To engage in husiness of producing moving picture, etc.-Capital Stock: P200,000.00 divided into 2,000,000 shar l's of the par value of PO.10 each-Capital Sltbscribed: Jl40,000.00-Capital Paid .. Pl0 ,000.00-l ncorporatol·s: Domingo Jacinto, Virgin ia Gonzales, Lazaro G. Sibug, Petronilo Tolentino and Irineo F. Nicasio. Controlling interest: -Filipino.
THE COMMERCIAL & INDUSTRIAL MANUAL
538
LOREN BLTT, FRIEDMAN & COMPANY Head Office: Ma nila, Philippines-Regilltered : Novemb~r 10, 1937-8118111688: Importation and exportation of dry goods, etc.-Capital: P84,220.00Capital COlltribltted by each pa)'tner.- I sidoro Reich, P28,lPO.34; H. Friedman, 1128,818.06; S. Korenblit,
r:L LUCERO DEL ALBA H ead Office: 304 Nueva, Manila, p, O. Box 1597-BlIRiness: Provision Impor ters; Exporters of Leaf Tobaeco--P!'oprietor: A. T ung Chingco-TeleU!'(tplt Address: "Tun gehingco"-Bank Reference: China Banking Corporation.
P27,2~1.60.
F. LORENZA?>: A &, S ONS Head Oifice: 480路482 Junn Luna, !\tanila, P. O. l !lSO-B I"拢'nchell: Tagudin, Il oCQS Sur, Catbalogan, Samar, H onolulu T. H. Magallanes, Sorsogon, Cun'imao, llocos Norte-Nationulit.y: Filipino-Business.Importers of Sporting Goods, Fi shing Nets. Twines, Lamps and Rag Mantles ; Exrortcl's of Bagoong Salted Fi sh and CencI'al Philippine Products; Manufacturers of Bn g~o n g-Es tabl il!hed : 1900-Pri71cipa ls : F elipe Lorenzana, President; Salomon Lorenzana, Vice-Presiden't; ntonia Lor enzana, SecretaryTreasurer-Audito1'S: Jose p , Lorenzana, Juan L, Lorenzana and Esteban Sarmiento--Bank ReferMice: Ph ilippine National Bank; Yokohama Speeie Bank, Ltd,
.l'
LUNETA MOTOR, INC. H ead Office: 54 San Lui s, :'flanila , Post Office: Dox 140-N(ttiollu.li~y: Ameriean-Busi1!ess: Importers of A. utomobiles and Truck s-Principal s: Ca dos Young, President; Newland Baldwin, Miss Baldwin, Mrs, N. C. Baldwin, Barry BntdwinE'stablished: 1919-Bamk Re/eroucs: Chartered Bank 01 I ndia, Australia and Chinn; Hongkong anti Shanghai Banking Corporation. LUY LAN & COMPANY H ead Office: 452 T. Pinpiu, P. O. Box 35, I\~anila-Natio,w lity: Chinesa-Business: Groceries, Silk Thread am:1 Matches; Exporters of Molasses and Bcetlenutr-Eslablished: 1923-Manager: Luy Lan; TreaslU'C!': Luy L3 r.,--Pal' tncrs : Lu y Lan, Luy
J. II
,1.', .. ,' EXTBAlOII. ........MAJlUUAY RUflDS .. Cou<lRATION
PHILIPPINES Yong, Luy Hay, Chan Yick Wah, Lim Aek Hang, Luy Wei, Wei Chee, Pon Siu Pill'-路Ballk Reference: China Bankirr'g Corporation. LYRIC FILM EXCHANGE, INC. Head Office: '134 San Vicente, P. O. Box 579, Manila-Nationality: Filipina-Eusi11es8: Importer~ of Machine Parts and Films-Establishell: 1921Gene)'at Manager: Ge<lrge F. Co\Oneby-Ba11k RefrA路e'lce: Peoples Bank al1'd Trust Company.
MABUHAY RUBBER CORPORATION Head Office and Factory: 188 Cuneta, Pasay, Ri;;al, Manila, P. O. Box 2698-Rctail Sellinu B ~'lOlches,' 206-210 Gandara, 2 Azcarraga, 700 Dart Sto, Paca-Nationality: Filipino-Busincss: Manufacturin>g Rubber Specialities-b'stablishcd: NovemDel' 15, 1934-Incorporated under the Laws of the Philippines with Authorized Capital of 50,000 Shares of no par value-Capita\ paid up as of December 3J, 1937: Pesos 134,145000-0ffice)Os: Guillermo B. Guevara, President; Sulpic~o Guevara, Secretary; Asuncion P. Guevara,. TreasuJ路er; Araceli F ..JacinDirector-Teleto, Dil'ector; Avelina M.
5)9
Ul'aph: " Bayani"-C()cle8: Bentley's 2nd. Phrase-
Ba11k Reference: Philippine National Bank. FOl1nded in 1934 by Judge and Mrs. Guillermo B. Guevaru, the company has hud a phenomenal growth despite numerous difficulties and obstacles. It was not lon'g before other s:wekholders joined upon ~(!eillf; a good field for industrial investment. And the investors werE' amply rewarded, for each year tnl':: received handsome dividends. Thc following figuJ'es speak for themselves: The company began with a daily output of 4511 puil's of rubber shoes. In less than a year the daily output rose to 1,800 pairs. To meet the steadily in~\'easing deman'd for Bayani Rubber Shoes, the company in its second year of existnnce incl路cased its daily output to 2,500 I>airs. Tn' 1.937 the company fUl'thelo increllsed its production to a daily ouptut of 3,.')00 pairs, which is about eight times as much D.!; the pl'odllr.tion of the company in its first year of existence. The volume of business transacted from the foull'CIation of the company on Novemhelo 15, 1934, to De,=elllher 31st of that same year nmounted to P9,f'. 44.73_tll':! g-I'OSS sale;:. in on e and n hill f month'~
II<TBRIOR-MABUIIAY RUIIIIIIR CORPORATION
540
THE COMMERCIAL & INDUSTRIAL MANUAL
t ime. In 1935 the volume of business went up to Pl !J5,568.66. In 1936 the gross sales reached the high total of P270,028.97, representing an increase over the previous year by P74,46Q.3L The first six lIlonths of 1937 show a total gl'OSS sale of 1'173,474.* O~. Taking into cOIl'.:;idcl'ation the new contracts here and abroad that have been awarded in favor of the company, the volume of business for the year Hl37 will sh ow a tremendous and unprecedented increase. MAGNA ROSA MIN I NG COMPANY, INC. Hend OJ/1ce: 519 Estero Ce:rado, Mani la-Reyi!ltn(>d: Nm'('m b<!l' 24, 1937-.""'afio"nlitv: FIlipino 81tf:il~ess: To ca lT)' on general mining business, etc. -Capital Stock: Pl,OO(l,OOO.{I0 divided into 10,000,000 sh il l'eS of the pal' value of PO.lO each-Stlbscribed Capital: P200,OOO.00-:--Capitol Paid: P50,005.64-b lcOl'pomtors: Antonio P o\·ta, L. Aherendtsen Fel ipe Fel'n::md€'z, L . A . iUarqu ez. Joaquin Mencarill'i, K. H . Hanson and Her.ry S~nitzler.
J. E. MALLOY & CO., IN:C. jUanila Office: 2973 Henan. P. O. Box 2183Main Office: New York Cit. -Nntio1wlity: Americ:an-Bwli11ells: Importers 0 American Textiles; Manufacturers of Philippine E \nbl'oideries; Exporters of Ph ilippine Products-Established: 1927nil'ectOl's: J. E. Malloy, Frank G. Foley, Elizabeth D. Malloy-Telegmph Acld'·es..,: " KinswiJI"-Bal1k Reference: PhilippilM National Bank. MAN ILA BLUE PRINTI NG CO ., I NC. fiPad Office: Paterno Building, 1'>Ianila-Nati(l)wlity: Filipino---Business: Importers of Office, School and Engi neering Office Supplies-Establis/t ccl: l$l31- Pdncipals: Victoriano Floro, President; Exequiel Floro, Auditor; Cesa rio G. Nazario. Manager-Direc/ors: C. G. Nazal'io, R . Avel'ion, P. Sar iJi alrd D. Fl oro---Bamk Refcl'ellce: Philippine ~ntional Bank. TllANILA FILATELI CA Head Office: 318 Cal'l'iedo, P. O. Box 70, Manil a - ;\'ntimwlity: Filipino---Business: I mporters of Spa nish Books, Stationery, Stamps for CollectionsEslabli<lhed: 1902-Pro]n'it:tol' lind Mrl1l ager : Remigio Garcia-Bnnk R efel'cnce: Bank of t he Phil ~ ippinc Islands. ~1AN ILA
GRAF ICA, I NC. fl eud Office: 112 Escolta, P. O. Box 1850, Mani la-Natio1lality: Filipino---fhsinesR: Importers, f' rintel's, Stationers, Booksellers and School Sup-
pliers-Established: 1926- Di,·ect r;.J·s: MalNel Pe· llicet·, Franci sco Ferrer Gutierrcz, Antonio Ferrer, Amelia F errer, Carmen Ferrer--Bank Reference: Banco de las I slas Filipinas . Jl.lANII,A H 4.RNESS COMPANY H ead Oflice: ]9 Escolta, P. O. Box 1921, Manila-Natio)!nfity: Fil ipin o---B1jS-~)tC88: ManufacturCI'S and Importers of Leather Good s-E 8tabli8hed: 1920-Pr!~ncilJ(lls: C. R. de Luzul'iaga, President; A. Oliver, Vice-Presiden't, Emilio Tomas, SecretariY and T I'easurer- Bank R eference: Bank of the Philippine Islands; Philippine National Bank. l\IAN ILA MERCANTILE CO., INC. Head Officp,: 511 Azcarrag a , P. O. Box 261, ;'Janila-Na t i9Jlftlify: Fi)ipino-ilwri)!cl!s.- Importers of Cotton, Fishin~ Nets, Twines; ]{oul'osene Lamps imd S upplies-Establillhed: 1918-PriJICi,1als: Eliocloro P. Sandeja~, Preside nt, Antonio J.Mendoza, 'I'reasurcr-Dil'cct(l1's: P. P. Vda. de Sandejas, R. R. tie Sandejas , K P. Sanclejas, J. P. Sandejas, A . J Mendoza-Ba1!k Referellce : Philippine National Ban k; Bank of t he Philippirte I slands; Yokohama Specie Bank, Ltd. :i\-i ANILA MOTION PICTURES, I NC. 8ead Office: 456 Dasmarinas, P. O. Box 2928, Manila-NntiollUlity: Filipino-Btl8ine88: Motion l'ictul'C Film Distributors-Esto.blished: 1932t'd?lcilJals: Josefn S. Sanchez, Pri"sidenti Fernando Sanchez, Secretary and Trea surer-Da1lk R ete}'. once: Philippine National Bank ; Philippine Tlu st Company. MANILA lUOTOR COM P ANY, IN C. Head Office: 937 Ong pin, P. O. Box 757, Ma· nila-Bru.nchcs: Bacolod, Oce. Ncg l'os; Cebu; Bu guio---Na tiouality: American-Btlllille8s: Importers or Automobiles and Trucks-E atablished: 1929l" 'incipa/s: Alexander Bachrach. P"esident a nd 'Ircasurer, Walter H . Hicks, Vice-President; F. San· t.iago, Secr etary-Audito/'s: Fleming all'd Willia m· son-Telegral)l! Address: Hixba- Ballk R oferertce: Chartered Bank of India, Austrnl ia and China. MANILA OFFI CE EQUIPME!'<T COMPANY H I'I.w Office: 24 Da vid, P. O. Box No. 2231, Manila-Nationolity: Ameriean-But inells: Importer!> of Office Equipment; Check Writers, Typewriters, Filing Cabinets, etc.-P ro prieto" and Ma7lager: H. Meadows-Established: 1934-Ra1,k R fJfcrellct!: Philippine T r ust Company.
PHILIPPINES MANILA ROCK ASPHALT COMPANY Head Office and Factol'Y: Accite & Nagtahan Streets P. O. Box 1009, Manila-B1'(J,1Ich Offices; Villaba: Leyte; Cebu, Ccbu-Nationalitv,: Filipino _Directors: C. Parsons, G. \V. Simmle, E. M. Grimm, E, C. Ross, A. Valdez-Business: Mining of Leyte Rock Asphalt and the Manufacture of Rock Asphalt Bricks-Esfablished: 1932-Paid-ill Capital: P200,OOO,OO-Teleg)'aph: Pavement-Bank Rejel'ctlCe: Philippine National Bank. The first asphalt purchased in thc Philippine Islal'lds for road surfacing was the familiar cake, 01' hot asphalt. Thi!'; t.ype of asphalt requires heating befol'~ it is put on the road and nccessal'il,y calls for a gl'eat deal of labor. To avoid the cumbersome business of heating, and also to securc better penetration, a new type of synthetic asphalt has b~en recently evolved which is called the emulsion, or mulsified type. In this, asphalt, 01' bitumen, is mixed with water, usually 50-50. The water, servin'g as a carrying agent only, evaI>0rati\s after being spraY2d upon the road surfaces leaving a coating of asphalt. Both of these types of asphalting require the use and placing of rock chips on top of the asphalt for a wearing body. This often makes costs laid on the road, high, especially in cases wh2re rock chip prices are high. The Philippine government spends approximately P500,OOO,OO annually on these two typ2S of asphalt, all of which money is seJ\t abroad, By purchasing a considerable quantit~ \of the local product, Philippine economists point out, much of this money would be left in the country an'd spent by Filipinos for the benefit of the Philippines,
Rock asphalt is the oldest type of asphalt known. Briefly, it consists of sandstone or limestone impregnated with bitumen by the forces of natul'e, The Philippin2 deposits were first opell'ed about 1912 and Wel'e shortly thereafter developed for road ~l1rfacing, During the years 1918 and 1921, a few streets were laid with Philippine rock asphalt, including the two principal thoroughfares, Calle Juan Luna and Calle l\iartires in Cebu; also a section on the sheet leading from the wharf at Zamboan'ga. Practically all the paving laid at that time, including the two waiting platforms at Tondo railway station, is still in a very satisfactory condition and has not been appreciably repaired, It may be remarked that for quite a number of ~'ears no development was made because the compall'y, having passzd into Japanese control, lay in dormant state, After considerable expensive litigation, local pUrties, interested in domestic development, secured control of the dcposits. Shortly thel'eafttw, in 1932, the present company was organized. A large area of provincial roads has been surfaced with Philippine Rock asphalt in the provinces of Leyta, Cebu, Pangasinan, Bulacan, Tadac, Ta_ yabas and Laguna, Bridge floorings have been made by use of hydl'aulically pressed bricks, the most notable of which is the Ayala Bridge Annex, Mal~caiiallg, both the residencz of the President arm the Executive Offices, has the entire driveway system made of this Philippine product, Thcre are many oU1er l)l'ivate driveways thus made, including those of the UniVersity of the Philippines and the university of Sto. Tomas,
LAYINO PmuPPINB ROCII( ASPHALT BLOCIII:!i ON THB AYAl.A BRiOOB
THE COMMERCIAL & INDUSTRIAL MANUAL
PHILIPPINE ROCK ASP HALT
FOR
PHILIPPINE HIG HW AYS
PROVINCIAL ROAD TO BAGUlO ROCK ASPHALT PAVED
MANILA
ROCK P.
o.
Bo.'( 1009. Manila -
ASPHALT
CO.
Viliaba , Leyte
-+--
-Lyric Music House, Inc.633 Escolta - Manila, P . I. - P. O . Box 274
Band and Orchestra Instruments • Pianos Accordions • Harmonicas • Printed Music Accessories • Everything Musical Telegraphic Address: The
•
H OIIS<
"MUSIC"
•
oj Q;tt,zity and S,,.oice
Bendc)1 Code.
PHILIPPINES :MAN ILA PALACE Head Ojf1ce: 79 Escolta, P. O. Box No. 1554, l\Ianila-NatioJzalit11: British-Indian - Business: Importers of Silks and Novelties·-Established: 1931 -Manufacturers of Shirts, etc.-Proprie tor: C. l\amchand-Bank Reference: China Banking Corpor ation. MA....~ILA
PHOTO SUPPLY, INC. Head Officc' 159 Eseolta, P. O. Box 2905, ManiJa-Nfttionalitll: Amel'ican- Bllsilless: Importers of P hotographic Supplies and Accessories; Exporters of P ostal Cards and Philippine Views- Established: 1933-P"incil1als: Henry C. Bass, P resident; James Stevenson , Vice-President, Octavio Fern'andez, Secretary, Hem-y C. Bass, T reasurer, Julian P aeulan, Auditor-Directors: Hen r y C. Bass, James Stevenson, Philip W~n stei n, William Powell, Ben Maneze-BaJlk Rcfel"e'll.ce: Philippine Tl'ust Comparty.
'l'RE MANILA REMNAN{I' CO., I NC. Head Oif,'ce: 451-453 Juan Luna, P. O. Box 279G, Manila-Branches: Iloilo, Debu, Aparri, Le-
gaspi-Nationality: Filipina--->Bus iness: Importers Silk Piece Goods and Remnants-Prin_ cipals: Arthur Landahl, Presidqnt, Karl Landahl, Vice-P resident and Treasu rer; J9hn Landahl, Secretary; Maximo Capule, Auditor--Establisked: 1931 -Telegra11k Address: Marenco--Batzk Reference: Chartered Bank of India , Australia and China.
0: Cotton and
MANILA SUPPLY Head Office: 2064-56 Rizal Avenue, P. O. Bo'2378, Manila-Nationality: Filipino-Business: Importers of Electrical Supplies and EquipmeQt; Hardware, etc.-P1·incipals: Martin Suaco, Proprietor and Manager, Miss Esperanza Suaco Assistant Manager and Bookkeeper- BatIk Refe"ence: Philippine Nationnl Bank; Bank of the Philippine Islands. MANILA TAISHO BAZAR Head OfNcll: 113-5 Juan LUIl'U, P. O. Box 107. Mani la--Central Office Cebu-B1'aJlcl~ Office: Iloilo -Nationality: Japanese-B1Isinells: Importers of Dry Goods and Porcelain Ware-~Established: ]933 -Proprieto,': E. Murata-Tel egraph Add"ess: Taisho-Bank Reference: Yokohama Specie Bank,
I,ta. MAN ILA TOBACCO TRADING, I NC. Head Office: 3 Moraga, P. O. Box 212, Manila -Business: Importers and Exporters of Leaf and Rcrnp Tobacco-Man'ufacturer s of Scrap Tobacco--
54 1
Established: 1935-Pl"illci,)als: Antonio Tung Chingco, President, Miguel Pujalte, Vi..:e-President, F. M. Gonzales, Secretary; Ngo Tiam, Treasurer, Joaquin Rodriguez, Auditor-Directo,'S: Go Fay, Chan Too, Chan Bona- Bank Referetlce; China BankiD'g <.;orporation; National City Bank of New York. MAN ILA TRADING & SUPPLY COMPANY Head Ofjice: Port Area, P. O. Box 744, Manila --Nationality: American-BIIsi1'css: Importers of Automobiles, Trucks, !i'lIl'm Implements, Auto Accessol'ies, ('tc'-P'·incipcl!.'l: Juliu s S. Reese, President; S. ,"V. Thompson and W. H. Patterson, VicePresidents; J. K Pickering, Treasurer; Gregorio R. Sales, Auditor-Dil'cctol"s : Juliu !'l S. Reese, S. W. Thompson, W. H. Patterson, J. K. Pickering, Norris Miles-Established : 1915- Tcle!"'rtl1h Address: Mantrade-Ba1lk Ref('l"ence: Chartered Bank of India. Australia and Chin's ; Bank of the Philippine Islands; People's Bank anel Trust Company and Phil_ ir·pine National Bank. MARSHALL FIELD & COMPANY Head Office: 901 l.J~pa nto , P. O. Box 1642, Manila-Nq.tionalit1l: American- Bllsilles.Q: Manufacturers 0 Embroidery-Establisk(,d: 1918-ManageJ": JC. H. Villiam!'l-Tdegmph Ad(lz-es.~: DrumarBank Refel"t!lZce: Hong-kong & Shanghai Banking COl"por~tion.
ANTONIO MATUTE Head Office: Davao, Davao-B1"lmch Office: Hacienda Tagu\aya, Tagulaya. Sibulan-Establis/t_ ed: Before 1898. Organization: Single Proprietorship-Mana-ge/"s: Antonio Matute and Luis Matute; Eugenio Gomez, attorney in fact in Davao-Business: Cattle, Copr a !In'(\ Fiber- Ba1lk Reference: of the Philipp ine Islands. Telegraph; "Matute". This h\lSiness all'cady exisled even priol" to the American occupation. On Febl'uary 5, 1907, it InlS turned into a partnership. AXTONIO MATU1'E, S.C. Head Office: 335-339 Juan Luna, Manila_ Establislled: Before 189B-Nationality: Filipino_ O)·ganizat.ion: Partn'ership - Malwg ing paJ·tners: AntOlrio Matute and Luis J\fatute. B!tsiness: Precious stones and J leweil'y, Loans-Bank Refel'ence: Bank of the Philippine Island s-Tclegl'aph . "Matute". This Company already existed cven prior to thc American occupation. T. MENGHRAJ HC(lli Offict: 191) Rosario, F. O. Box 1777, Manila-Nationality: ~riti sh-Indian_B/(siJless: Importers of Silk P iece Goods- E stabli flhed: 1922-
THE COMMERCIAL
542 l"rO/)l'iptQ I' :
&
1'olnrnOl Menghraj - Telegraph ..<\cldl'CS8:
Re/crclIce: Philippine Bunk, Chinn Banking Corporation.
'1'oluram- B(lltk
Nation'al
METROPOLI1'AN ENG I NEER I NG AND CONSTRUe'f rON CO., INC. J-/e~!d Office: 475 Regina Building, Escolta, 1\lan:la. 81'unch Office: 1215 Nann, Manila.N atiolluWy.Filipino-Bl/si7w88: Building and ccnstrllction. Organization : Corpol'ation.-Capitc.cl .-1 utlhorizc(l:- Pe sos 100,000.00. Capital SUh RC)'ib· ed find Plt 'd ItP: Pesos 51,000.00. Par Valu e of S/Ht?'CS : Pesos 1,000.00 each. Dil'ccto)'s: Ca~'eta no R:vcl'a, Virgilio fL. Rodriguez, Francisco D. Gamboa, Victoria H. Vda. de Rodriguez, Fernando Ocampo, Lconcia H. Vda . de OCllmpo, Lourdes L . Ocnmpo,- Telegruph Adel"ess : l\'i ENCO. Codes 1ls ed: Standard and private. Bnn/, Re/e" en ces: National City Ban, \of New York.
MINERVA CIGAR CORPORATION H ra d Office : 2219 zcalTag:n, P. O. Box 654, Manila- F'a ctory: 445 P. BUrgos, Pasay, Rizal.\'a t iQ/w l i t l! : Amzrican- B1tsit!C$s : Importers and E x portcl's of Cigars, Leaf ~bac<:o; Cigar Making i\ratcl'ial s-e:s tulllished: 189 - Fd~lciJl(tls:. S. 1\-1. Ee rg er, Presldl?nt, 'V. H. Bel' r, Vlce-P\'esldent, G. Ca riagn, Sccretal'Y, S. M. Bergel', Treasurer-Vi"pclon : S. l\1. Berger, W. H. Berger, R. L, Berger. P. N . l\lojica, W. H. BrowI1- BIL1!k Refercl/Ce. Ch a rtered Hawk of India , Aus tralia and China; Th ~ I hilippi ne T rust Company, i'.1iTS UBISHI SHOJI , KAISHA , 1.TD. ['l ead O f!i'~c : Tok yo, J:lp:I1l- il!(m i/(l O/fice.. : Nat.ion al Cily Bank Building, p, O. Box 20, Manila .-,YOtiMUtlity: Japanese- Bll s ;l/ CSS : Importers of !'oodstuffs, H:urlwnre; !\,fetal Mamliactll:'Cl"S; Bullion, Precious j\'fe lals, Alloys, All OreSj Scraps o{ Coppel' and Brus!-\, ~tc .-E$I{/ ol i$l! e d : 19$0- Ma1I ifo Ma,w ge,' : I"uj io Suzuki- B(llIk Rej cf"em:e : Yokohama Spccie Ba nk. Ltn. i\!ODERNO BAZAR H e(ld Ofliet! : 2<11 Rosario, )hl1lila- !\-a tiolJatitll: Chinese-Blllliues" .- Ge:--....!"1.l r-.~ ~··chnl~·di sc Importers; Chucheria s-Established: 1930- P"iltcipals: Uy Ka~' , Prcsident and Uy Chang Kong, Vicc-President - -· Ballk Rejcl"ellce: Chinn Banking Corporation. MOLINA BROTHERS, INC. Head Office: 168-172 Muel\c de Binondo, !\[anila- Natiolwlity: FiJipino-Bllsi"-8s8: I mporters of GJasswtne, Pharmaceuticals, Ft'rtilizers, Medical
INDUSTRIAL MANUAL I nstruments, Sundries-Foctol'Y: Osaka, JapanPrincipals: Ricardo D. Molina, President; Ramon Soriano, Vic2-Presidentj Josefa Molina, Secretary nl\d Treasurcr; Sixto Enriqucz, Auditor-Efltab/is"eel: 1!)34- Bcmk He/e)'ence: Bank of the Philip])ine I slands. MONSERRAT ENTEHPHISES CO., LTD. Head Ollic'! : 477 A. l\Iabini, Ermita, Manilai\'Oti01Wfitll: Filipino-Bt/sillcs.'! : Importers 0:: Automobiles , 'l'rucks, Auto Accc s~ories-E$ tab/ish cd: lfJ3'i - P,-in ci pflls : Enrique 1\'[onscrrat. PI'esident, Ol'n. Basilio Valc.!('s, Vice-Pres ident; Vicente l\larasignn, Secrctnry; Rafael Per2z Rosales, Treasurerj [I. l\len'Cnrini, Auditor-DiI'ectors: Enrique Mon!\enat, Gen. Basilio Valde~, Ramon Fernandez, Rev. p , Martin, Raf.d Perez Rosales- BanI.- Re/e/'ence: Kat.ionnl City Bank of New Yt>rk; Bank of t.he Fhilippines, MORA ELECTRIC CO .• INC, /-lead O ffi ce: 284 Aynlll RonJevnrd, Manilal:,'siJle s.'!: Imporb~rs of Elech'ical Applial1ces-Pl-illci"jJttis : E. J. Mora, Pr~ s idcnt, H. P. Strickler, Secr etary, E. J. Mora, Treasurer, A. Villanueva, Auditor- Vil'('(:tOi"!i : E. J. !\fora, H. P. Stl"icklel', R. Slll'ill'ger, I... M. H ausaman, '''. Odom--Esfablished: 1!J21- Bolllc Re/c )'ellcc: Philippine Tru st Company. MORl BICYCLE STORE, INC, Head Off icc: 713-719 RiMI Avenu e, P. O. Box 4$ 1, Ma nila- j\Ta fimzality: .Japanese-Busines8: fmf. ol"tcr s of Bicycles, Parts und A('cessories-Es lab1zllli cd: 1914- P )-il1 cipals: Tcizo Mori , Pl"esidant, Gensukc Meguri, Vice-Prcs ident, Teizo :,\fol"i, TreasUJ'er- 1'elcgra ph Add"cHs : ],lol'i- 8(l1Ik Refc)'cllcc: Yokohama Spccic B~\n'k, Ltd,; l'intionnl City Bank or New York. 1I10'l'OI~
SF-RVICE CO., l ~C. Hc!{(l Office: 13th. &, Atlanta Strects, p, 0, Box 2J.:82, Mnnila- Nationality: American- B1Isiness: fmpol·ter,; of Au tomobiles, Aecas$ol"ies .:Ind Trucks1:;l'tnbliDhcd : J924-B ra7lch: Hng-uio-Pri nciv als' ('hades S. Dandois, President ; R. P. Rawson, VicePres ident., F. E. Ebbesc:l, Secl'ctary, P. B. Ebbesea, 'l'r~a s ul"er-Dh'ectors: C. S. Danrlois, R. F. Rawson, F'. E. Ebbsen, Max Blouse, Frank Klar-Tel60rapl~ A(ld,'cs'" Mospc- BO?lk Rcfer('1I ce: National City Bunk (If New York; Philippine 1'rust Company. NAKI\GAWA Hend Ol/icc: 5>10 SlIle.!'. P. 0, Box 2510, Manila -Nationality: Jnpanese-BlIsi,H'SS: Importers and Exporters; ('hemicnl Rubbpr Goods; Surgical Instru-
1\1.
PHILIPPINES l'!le nts-Established; 1926-ManagCf': M. Nakagawa
_.Telegraph Address: Monji or Nnkamon-Ballk Np/el'6nr;e: Yokohama Specie Bank, Ltd.; Philippine Trust Company.
NAM SlUNG CHEONG Heaa, Office: 418 Poblete, P. O. Box 91, Manila -NaMo7lality: Chinese-Business: Importers of Foodstuffs-Established: 1910-Manu!J6r.- Lee Tai Choon-Bank R6/e!'fmce.- Ohina Bankil'l'g Corporation.
KATIOr\AL DENTAL SUPPLY, INC. Head Office: 426 Samanillo Building, 619 Escolta, P . O. Box 2683, ManiJa-B?'a?zcftes.- Tarlac; Nueva Ecija, Batnngas and I !oilo-NatiQnality: F iIipino---Busines.<:: Imporbr!rs of Dental Suppliesl!.t;/ablished: 1927-Prineipals: Deodato D. O,'tua, President, Teodora Panis, Vice-President, Deodato D. OrtlJa, Secretal'Y, lI'eodora P anis, TI'easurerIwditors: F abella & Company--Ra1fk Reference: rhilippine National Bank, NATIONAL D Rl:G S'l'OR~ liead Office: 541 Rizal ;\\.enue, Cornel' Ron. quillo, Manila-Nationality: Fliipino-B1lsiness: Importers of Chemical s aml Toilet Preparations; Rubber Goods, Instl'uments, P atent Medicines; Drug. r:ists Sundri~s; Manufacturers of Patent Medicines, Pharmaceutical and Toilet P reparations-Establish. e.d: 1913-Proprietol': Geronimo Santiago- Bank Ref~reJlce: P hilippine National B&nk. l';ATIONAL INDUSTRIAL CORPORATION Head Office: 502 Estero Cegado, p, O. Box 804, Mani la-Natiollalit·y : Fi!ipino-Bllsilless : Marl'ufacl\lrers and Import.:!rs of Chemical Pcoduc4; Fruit Essences, F lora! Oils Perfumery: Toilet ArticlesRI;ta.blishcd: 1934- Princivals: TIamon Prats, President, S'!bastian' Ugarte, Vice-President, Gregorio !zon, Secretary and TI'easurer-Alldito,'s: M, S. Sandejas & Comp:lIly- Di,'ectOJw: Hev, Father J. :'.lal·Un, Ramon Fernandez, Francisco Ortigas, A. E. I'rats-Brt.1tk References." lion gkong & Shanghai Bankirl'g Corporation; Philippine Trust Compa~y: A.
M, NEVES Head 9ffice: 229-23] Espl"leta, P. 0, Box 1359, Manila-Natiorn:r.lity." Filipino;--Buii1le88." ManufactUN!rs' Agent-Established; 1927:....-P,·i1lci,'al ." A. M, ~eves, P roprietor-Telegraph) .,l tid1'ess; Seven"":'" Bank Refe,·en.cs: Phillppl'ne'flf!rust Co.; Yokoham'l Specie Bank, {Jtd. .",' :~,: '. wf \J .\ - I
543
N IEVEROSA GONZALEZ-PELLI CER Head Office: Rizal Avenue Extension, Km . 7, Manila-Nationality: Filip;no-B1tsiness: Sole Dis tr ibutors and Representatives of MYl"urgia Per_ fumeries - Establis hed: 1937-Partnership Between R. J. Gonzales and Oar los Pellicer- Re9-istere(l and Paid CapitaL: Pesos 100,OOO.OO-Tele91"{tph Address: Nicverosa-Bank R e/erenc ll': Bank of the Philippine Is lands-Agents in Cebu ar..d Iloilo, NIPPON BA7.AR Head Office; COl"rr~r Escolta and Plaza l\k,aga, F, 0, Box 396, Mani la-N(Ltionality: Japanese-BllsilIess: I mporters and General ?llerchsnts-E sllIl>lished: 1917-Proprietol': S_ Kanaga ~I\IIatutuer: S. Tamura-BatIk Reference: Y')kchama Specie Bank, Ltd. 1'0RTH AMERICA N TRADING & IMPORT CO. Office: 308 Nutionul City B!Lnk Building, 41 aniia, P. O. Box 2157-Natioilality; AmcricanB "s ine8 .~: Exporters of Molasses-Established: 1929 -ill/anila M(tllGgers: White, Page & CompanyTelegn$h Address: Natico or Sotodel-Ballk R efe.-· ellce; Bank of the Philippine Islands.
NQVALICHES POULTRY PRODUCTS Head Ofjice: 704 Evangelistn St" Manila P. I ,_N(ttionality: Filipino-Business; Manufacturers and Importer s of I ncubators; Medicill'es and Poultry Applian'Ces ; Poultry P ,'oducts and Fish l\l~lll-Established: 1932-JUrtnnger: Diodati R. Gochangco-Ballk Refe,·~ltcc: Philippinf.' Trllst Com· l'nny. OCCIDENTAL HARDWARE CO., INC. Hertel Office: 636 Azcarraga, Manila-iVationality: Chinese-Business: Importers of Hardware, F'aints fOJ- Automohiles, Bnildin!f.s, Furll'itlll"e, Steel bars and PI~Ue; Artificial Leather Fabri coid; Oil Cloth-Esfablisied: 1920-Pdll cipals; Benito Go Bio, President, Uy Co Chiam, Vi(,e-President, Cii,l'!anO de los Reyes, Secretary, Benito Go Bio, T r casurer-Bank Refo"cllce : China Banking Corporation, ,ALBERT OESTREICHER Head Office : 131 Lamayan Sh'ect, Man'ilaNationality: American-Bl(siJlc.o;"s: Manufacturers and Exporte,'s of Embroideries-Established: 1934 ,--Pl"opl'iefor." Albel-t Oestreichel - Bal1k Rcfc"ence: Philippine T rust Company,
544
THE COMMERCIAL
&
S.
OGAWA Head Ojjicc: 117 Escolta, 1'. O. Box 964, Mani!a_Nationality.. Japanes~B!lsine88'- Importer of Watches, Jewelry, etc.-Established : 1902-Proprieto)': S. Ogawa-Bfl?!k Reference: Yokohama Specie Bunk, ltd. (lNG BUE LAY Hard Office: 115 Nueva, Manila-Nationality: Chinese-8usi1U:'ss: I mporters of Dry Goods-Established: 1897-PJ'opJ-ieLo7': On'g Bue Lay, Tr.easul"cl' - Ba11k RefeJ'cJICe: Chinn Bunking Corporation.
O:'>l'G CHlU & CO. Head Office : 453 '1', Pinpitl, Binondo, Manila , P. O. Box :~] 7n-Natiollality: Chinese-Business.Importers, Gencml merchandise, EXpol'tel'S, AlmaciJ;!a·-Ji.,'stablis/!I'll: 1932-pJ"incilmis; Chan Teh, President, Ong Chiu, Vice-President-Telegra.ph Ad(h'C88" "ONGCH rU"-BlI1Ik Refel'cnce: China Banking Corporation.
OKG CaVAN & CO, Head alice: 432 Sto. Cristo, San Nicolas, Manila, p, O. Box 2320-Na.l ,jollality: Chin'ese-B1Isi. ?IE'SS: Importcrs and wholc,ale deal-en;, Groceries Illlli Win'cs-Estrtblishl?d: 191 \,-Pj'OPl'iDtOJ': Alfredo 0ng Chuan- T"legl'aph Addl'(J8!:: OCHUAN-Code w'al: Bcntlcy's- Bank RefeJ'cIH'e--China Banking C;orporation.
ONG CliVI & CO. Hea(l Of lice: 238 Rosario, Rinorfdo, Manila, P. O. Dox 353- Nationality: Chinese-Business: Importers, Dl'Y Goods-Estnblished: 1928-Ihinci.pals: Dng Chui, President and Manager, Ang Seh Go, Treasurer-Telegraph Ad(b'es~' "LAi\lBEE"-n'.wk Reference: China Banking CO~'poration,
ONO CHUNCO HC(ld Office: 322-328 Sto. Cristo, San' Nicolas. Manila, P. O. Box 32-_iV atiollality: Chinese-Business : Glassware, pon:~~lain wat',." al>'cl enamel wares ·--Established: 1905-Owne)' : Ong Chunco-Ba1d,' RefeJ'MICe: China Banking Corporation.
INDUSTRIAL MANUAL Importers; General H3rdwul'e--Propril'tol': Dng Ye/. l\lua TeiAlgmph Address: "OYMUA"-Code uscd: Acme-Balik Reference: China Banking Corporation. 'I'HE ORIENT HAT STORE Head Office: 223 Rosario, Binondo, Manila,,'at'ioJlalitv: Ch ines{>-D'lsiness: Importers, Felt hats and helmets and hat supplies-Established: U)31-P;-incipo/s: Ng Lee, President, Ng Lee, Treasure I'. EL ORIEN'I'E Head Office: 167 Gral. Solano, Sun Miguel, Ma. nila, P. O. Box 590-Nntitmafity: American-BIIsin.;es: Manufacturers and Exporters, Cigars and leaf tobacco-Established: 1921-l'rindpals: H a lTy A. Lee, President; J. C. Wundel'lich, Vice-President.; Bernardo Ncra, Secretary, .Jose f" 'Ianucl, Treasurer, Clarke and Larkin. Auditors, HalTy A. Lee, J. C. Wunderlich, (;. A. McDonough. A. D. Gibbs, J r., I'lrectors-Telegraph Addre8s: "Elol·i"·-Coclcs used: All standard codes-B1'ancll OfficeR: Shanghni, Singapore and New York-BanI; R(lf~relice: Chartered Bank of JII'<iia, Australia and Chinn. OH \"0NG PUNSHEK Hend Of/icc: 420 Poblctc, Eincndo, Manila, p, O. Box 6fJ6-j\"afiol1a/ity: Chinese--liI/8i1le88: rmf.orter, Tapioc:\ flour, p<:!unut, ('offee and cacao£'stablished.- 1910-Prowic/u)"' Oh 'long Punshek1 ('fegroph Ad(7re8~: Ohyong-·Codc IIsed: Bentley alld Privnte-Ba?!k Reference: China Banking Corporation. OW YONG SA [ TSliN Head Office: 249 Mariquina. Binondo, Manila. P. O. Bo:< 9fi:'-Natiol/afitv: Chine!';c--Busilless.- 1m· J'lIl'oers nnd exporters, P.ice, floul', oil, beans, peanut, seeds, etc.-EatnNisJled: 193fi.-Pro!)J·ietol·: Ow Yong Sui Tsun-Tdegmph Address: "ONYU !\fA· l-:rLA"--Codc uRed: Plairt-Bf1111: Referellce: China Banking Cor:lol'll.tion.
DNG YET MVA HARDWARE H,-ad Office: 124-126 Villalobos, Quiapo, Manila-Natiollality.- Chinese--But.;ness: Importers, Gl"OCel'~' products-Established: 191f_Propl"ietor: (hlg Hio-Telsgra1lh Addl'ess: "HA P YEK"-Bamk Reierenr:e: China Banking Corporation.
PALACE BAZAR Hend Offic": 211 Cnl'riedo, Sm. Cr uz, Man ila. P. O. Bo:< 2260-Nationalitv: Filipino-Business: Importers; Religious articles, lamps, shoes, glasswares, porcelain wares, laces, novl'lties, etc.-Established: 1928-Proprietor: V. Arias-Telegraph Ad-dre8S: PALAZAR-Bollk Refercnce: The Bank of t.he Philippine Islands.
(ING YET MVA HARDWARE H ead Office: 197-199 Rosario, Rinondo, ;\I lInila, F. O. Box 2712-NaUrmality: Chinese--Busil!tl88:
PALOMO, GAUDENCIO H ead Office: 160 1 Azcarraga, Stn. Cruz, Mani la-Natiol1alitll: F ilipino--Stl$1l1e84.- Importer ;
PHILIPPINES Dry good!l !'cmnants and full pieces-Established: Ift22-Mn11a(lCr (lmd Prolwietm'; G. Palomo---Tele-
111'a})}' Address: "Paiom, Manila"-Code used: Bent.. le~,Js-Ban'r Reference: Philippine National Bank.
PAN-P.<'l.CIFTC OIL CO. OF THF. PHILIPP!NES He~d O/lice; 1001 Dagupan, Tondo, Ma1111a, P. O. Box 1524-Nat'iollulity; Chinesc-Bl(siucss: Importers; Rice, kerosene, gasoline and sugar-Establi1;hed: l8nO-Assistant i'\lfanager: Silvio Cheng Pan _Telegra,pll Address: "S IONGLAM"-Coaes used: Acme-B4nk References: China Bankill'g Corporation and Philippine National Bank.
PARAMOUNT FILMS OF PHILIPPINES, INC. Head Office: Cu-Unjieng Bldg., Manila, P . O. Box 587-Nat'iQnalitu: Amel'icnn -B7Isine8~: Importers Motion picture films, Distributors Motion picture films-Established: 1931-Pl'incipals: F. C. Henry, Manager, J. Yamzon, Jr., Auditol·-Telegra,ph Addreslf: "P.4.RAMOUNT"-Codc!l used: All standanI codes-Bcl1!k Reference: Na1,.ional City Bank of ~'-:ew York. VDA. E. HlJOS DE JUA N' 'Po PELLICER Head Office: Paris-Manila Office & F'acto;'Y: Corner H. B. Harrison and ~isher A ve.-P. O. Box 8583-Ntttionality: Filipi~O-BZtsiness: Importers and Distributors of Perfumeries and Medicines; Exporters of Medidnes-EstabHshed: 1922-Prmcipa/s: Francisco Pellicer, Manager; Juan Pellicer , Assistant Manager; Luis pellicer, Secretary; Dna. Rosario Vda. de Pellicer, Treasurer-Teleurttph: "Pellico"-Codes Bentley's, Private-Bllml; Reference: Philippme National Bank. LUIS PEREZ Y CIA. Head Office: Luis Perez Samanillo Building, E !;colta, Manila-Partner and Mall.(/,gel·s: Luis Perez de Olague)" Peliu and Jose Ma. MuntanolaAuthlJrized a7td Paid-in Capital: Pesos 100,000.00BlIs1ltess: Stock and Borl'ds Rrokers-Bank Reference: Hong-kong & Shanghai Banking Corporation; Bank of the Philippine Islands. L"U"YS PEREZ OLAGUER INVESTMENT CO., LTD. Head Of/icc: Luis Perez Samanillo Buildin>g, Esc.olta, Manila-B1Isiness: I nvestments; Stocks and Bonds-Established: April, 1937-PI-tncipals: Luis Pel'.!!z de OlagueI' Feliu, Asuncion Llad6 Vda. de Perez, Jose Ma. Perez, Agustina Perez de Moreno, Luis Perez de Olaguer Feliu and All'tonio Perez, ett:. -General Co-partn'ership under the laws of the
545
Philippines-Allthorized and Paid-in Capital: Pesos 770,OOO.OO-Telegra7Jh Address: Ollinamaso-Bank Reference: Hongkong & Shanghai Banking Corporation; Bank of the Philippine Islands. LU I S PEREZ SAMANILLO, INC, Head Office: Luis Perez Samazl'illo Building, Escolta, Manila-Nationality: Spanish- Business: Real Estate-Principals: President and l\Ianagcr~ Luis P t'rez de Olaguer Feliu-Di"eetors: Luis Perez de Olaguer Feliu, Ivonne Fernandez de Perez, Jose M. Muntanola, Mariana Fernandez de Mun'tanola ane Honorio Ventum-Corporati on organized under the laws or t he Philippin!'s-Estuvl1shed: !lby 1937 -A1/lllOrized u?ld Paid-in Capifal: Pesos 3,OOO,OOO.Or. -PCI//" Val1te of Shares: Pesos 100.OO- H istol-ieal Notes: This corporation wa!; Ol'ganized by an'd between the widow and heirs of the late Don Luis Perez Samanillo who was kill ed by the reds in Barcelona on July, 1936. Mr. Perez Samanillo has been doing business in the Philippines for n'i!arly fifty years-Telegraph Add/'ess: OllinamasO-Bank Re/erfmce: Hongkong & Shanghai Banking Corporation,; Bank of the Philippill'e Islands; National City Bank of New York. I'H JLJPPI:-I"E ACETYLENE CO. Hea'd Office: 281 Cristobal, Manila-National i11( : AmericaZl'--B!lsiness: l\"Ianufacturers and imJ".rort~rs; welding equipment, gases and allied li~es -Established: 1910-P"incipa[s: Leo K. Cotterman. Pre~ iden t-Treasurer, George P. Kearney, Secretarl; --Telegrar·h .4.ddress: "Philacet."·-Hank Rejerel!ce: National City Bank of New York. PHILrPP I NE ATHLETIC MANUFACTURE CO. Hea d Office: 230 Plaza St...... Cruz, Manila, P. 0. Box 1948-Nationa/ity: FilipinO-B1tsi7zess: Im_ I)O~te rs an'd mflZlufacturel"s·- athl etic equipment---Es_ t( 1)Hshed: 1935-Fn·nci.pals: Jose ~. Rodriguez, Conrado Vicenre, ,Tu:tn S. de Rodriguez, Partners-Tele_ {;I'aph Adc("ess: "PHIL1'RACO"-·8u11k Re/et'ence: Fhilippine National Bank. rHILIPPINE ENGINEERING CORPORATION Head Office; J09 Plaza St;l. Cruz, Manila, P. O. }:ox 78B-H"al!cIL Offices: lloilo and Cebu-Nation_ ality: Filipino-Business: Importers Machinery :md supplies, agricultural, indusl.rial and clectrical, rice mills, l igh~ sheet metal wurks, wood work_ E8tabiishlld: 1!l18-Principals: L'eopoldo Kahn, J'I'esident, J. S. Sampson, Vire-President, Eugenio Padua, Secr etary, Santiago Freixas, Treasurer, Edward J. Carrera, Auditor, J. E H . Stevenot, Leopoldo Kahn, Santiago Freixas, Geo. C. Dankwerth.
546, -_ _
T HE COMMERCIAL
&
J. S. S:lmpSOI1, Directors-Bank Re!e1'cnce: Ba nk of the Philippine Islands.
FH ILIPPTNE F I ~H CO. Helld Office: 60! Echague, IHanila, P. O. Box 2311-Natio1wlity .. Japancse-RtISineR8'- Exporter s l;'ish and other marine products- -Esta.blished: 1930 l"'incipals: K V. SincJail', Prdident, M. Ohashi, Vice.President, S. A. Wamer. SeCl'et.... ry-Treasurer --Telegm1'" Adcll路e.~II: " P hifishco"-Code ~t8ed: A. B. C. 6th Edition- Bu)tk Reference: National Cit,y
Hank of New York. PH I LIPPINE H AND EMBROIDE RY H end Office: 648 M. H. del Pilar, Manila-Na tionality.- F ilipino--B1t.~ille88: Manufacturers a nd E'xportc l's Dresses, baby a nd ladies; piiia luncheon sHs, etc.-Established: 1912-Prolwictress: Mrs. Julia Thomas-Tele!l~拢tV" Addl'eS8: "Jultom"-Bamh Rejerencc: Philippine\'TI'ust Company. PHILIGHT INC. Head Office: 491 Jual\ Lunu, Manila, P. O. Box 2!i34-Natiollality: Filipin()--B1tsme8s: Importers; F.Ieetrical supplies, machineI , appliances and f ix-
INDUSTRIAL MANUAL Lures-Established: 1934-PI'illcipals: Amparo Nable Jose, President, Felix Qui ri no, Vice-P resident, Julita Lichauco, Secretary-Treasurer, Donato Nable Arell a no, Auditor-Telegraph Address: " Philight"-Bank R~/eJ'eJlcee: PhilipPIne National Ba nk.
P HILIPPINE MUSIC STORE, I NC. Head Office : 241 Cnl'l'iedo, Sta. Cruz, Manila }-'. O. Box 1611-Natiollcllitu: FI\ipin'O--Busilless: Importers Musica l instruments, acc<!ssor ies and lllOSic sheets-Established: 1923-Pl'incipaI8: J ose Ya p y Lao, President, Rogerio Quiason, Secl'etary'l'l'easul'el', Quil'ino G. Gregorio, A uditol'-TlIlegral,h Arldress: "Philmusic"-Ba71k Re/(')'el1ce: P hilippine ~ationa l Ba nk. P HILIPP INE P ACKI~G COR P ORA T ION H ead Office: Rugo, Misamis Ol'ienlal-Sales C'jfices: Pacific Commcl'cial Compa ny, Nationa l Citl' Ba nk Bldg. _ Nationnli t,y: Amll!路icau' - 811sille8s: Manufacturcrs and exporh2rs; CAnned pineapple and lllna.-Esta,blishcd: 1926-Pl'incilJols: H. A. White, JTesident, J 1\1. Crawford, Vic(>-Pl'esident--Tele/iVU1 Address: "Calfl'uit, Bugo-n,is."--8allk Re!el'(1'('e: Nationa l City Bank of New York.
'1
L et us supply your needs on BOOKS STATIONERY OFFICE SUPPLIES SCHOOL SUPPLIES ARTISTS' SU PPLIES EVE RSHARP FO UNTAIN PENS and PENCILS NOVELTIES SEEDS PAPER TOYS American, Phili ppine and Foreign PERIODICALS
In aU these wants YOII are best served by
" THE PIONEER SCHOOL SUPPLY HOUSE"
PHILIPPINE EDUCA TION Co., INC. 101-103 Eseolra, Ma nila
PHILIPPINES PHILIPPINE PEARL BUTTON WORKS Head Of.fice: 243 Otis, Paco, Man'ila, P. O. Box 672-NatioJ1ality : Al.1lcl'ican-B'IISinc88: Manufacturers und c:-.-pol'tcrs; Pearl buttons and raw shells -Establishccl: 1929- Proprietol': L. Rifkin-Tele9~'ap't Address.- "Shcllcraft"-Bal!k Retel"eJlce: Philippine Trust Co. PHILIPPINE POULTRY PRODGCTS INC. Head Office: 357-359 R. Hidalgo, Quiapo, 1\lanil3, P. O. Box 3002-Nalio')JaliI1l: Fili])ino-BusiTICSS: i\lanufaC'turer s; In'Cubatol's, brooders, feeders and poultry cfjuipmel.·1; and supp]ics-Tmpol'ters; roultl'~' equipment and supplies-Established: 1931 -.Principals : Ramon J . Araneta, President; Fernando C. Ordovezu, Vice-President; Severo B. Miguel, Secretary; Vicente A. AI'aneta, TreasurerTelegraph Address: " Phili ppine P oultry"-Bl·(lJtcit Oifices; Jaro, Iloilo and Bacolod, Ocidental Negros --Balik Reference; Philippine National Bank. I 'H ILIPP1NE SHELL CRA:FT CORPO RATION Head Office: 120 San Luis, Ermita, Manila, P. O. Box 627-Nat-ionalitll.' American-Bttshless.' Mamlfacturers and exporters; Shell shades and lamps-Importers; Novelties-Establishecl; 1919J'ril!cipals: L. Rifkin, Presidant-Treasurer; L. Rifkin, Vice-President; J. A. '"olfson, Secretary; Ilaskins & Sells, Auditol"s-7'eleUl"O-1>h Adclress: "Shellcraft."--Bank Reference: Philippine Trust Compan.y. rHILIPPINE SPUN CRETE, INC. Hend Office: 412 Rizal Ave., Manila, P. O. Box 1298 - Natio)/,liity; Bl'itish-Filipino _ Business: Manufacturel's and importers; Concrete and marble products, as cement pipe tiles, and terrazo, etc.Esfablished; 1933-P/·incipals.' J. B. Tpekdjian, P resident; G2<lrge ipekdjian, Vice· President; C. S. Man'npat, Secretary-Treasurel"; Stefaan Lauwers, T reasurer; J. B. Ipikdjian, G. Ipekdjian, K. H. lI emady, Stefuan Lauwers, C. Sobl'al, C. S. Mannput, Dil'lletors-Telegl'apk Adclre8s: "SpllnCl"ctc"Codc WlCrl: A. B. C.-8u,lIk Refc/'cllees: China Banking Corporation and Philippine Trust Co. PHILIPPINE TRADING CO. Head Office.-230 Plaza StA. Cruz, Manila, P . O. Box 1948-Nntionalit.lI .' Filipino--B!lsincss.- ImpOlters, Firearms, munitions and sporting goodsEl1tabFshecl; 1923- Mattagel' ftnd Prnwietor: Jose
547
Rodriguez - TeleUJ'ctph Adcll'f:!ss: (· Philtrnco." Ea1!k RefcI'encc: Philippine National Bank. PHII.IPPINE VOCATIONAL COLLEGE Head Ofiice; 65 Leg-urda, Manila-Registel'ed: November 22, 1937-Nationalit.1I: Filipino- Bllsine.ss: 1'0 provide instruction in accounts, commel'ce, stenognlphy, practical indust.rial chemistr y al'd othej' vocational courses and tJ"Udes, etc.-Capilll i Stock: Pesos 45,000.00 divided into 9,000 shares of the par value of Pesos 5.00 each-SI!bscl'ibed C('l)il((/: Pesos 9,OOO.OO-Capital Paid : P .:!sos 3,731.00-f1tcoJ"pol"Gtal's: H . W. Lombard , T. O. Magno, ~L C. Herna ndez, Bienvenido Mapa, Fred T. LaurenCe, R. A. Bl"fld:u, C. Consignado de Fronda (Mrs.) Este' A. Valenzuela (Mr s.) P. R. Lagasca, Teodol'a C. Lagasca, (Mrs.) Magdalen'a J. Alzate, (i\Ii!'<s) a nd Maeal'io Arabejo. PI CKETT HARNESS CO. H ead Office: 300 Tetuan, i\lanila, P. O. Box l '157--Nalio1,ality: Cunadian'-BIISil!e88; Importersj Traveling goods. sadler y, hal'dwBl"e, trunks, suit euses, bits, stilTups, s purs ilnd lea the!" j:!oodsEstablisl!e(/: 1902-Propl'ielol': J. Pickett-Tele{))'n7)/! .\ddl"e!<s ; "Pickett". POA CASil\I & CO. Hep.ci Ojfice: 315 Da smarififl;;, Binonclo, Manila --Nntinmliilty; Ohillef;c- B1(siness ; Importers; DIY goo<1s-P/'iJlcipols: POll Casim, i\hillagel'; Poa Tuu, .<\ssistant I\"lanager. POON KA & CO. Head Oflice; 447 Nueva, Bil~'ondo, Manila, P. O. Box 910 - Natiol/ulity; C hill ~se - BllsiJ/ess: Importers; Dry goods-Expol"t~I's; Philippine products, nuts, molasses, etc.- Established: 1920-Principals: rooll Ka (In Ohina) , Pl'~sid elltj P. POOIl, Acting ManagCl'; P. Poon, Tl"easur~l", S~' Lao, Auditor'i'oleY/'(7)/I Ad(h'et;s : "Poonka"- [Jollk Reference : China BankiJlg Corporation. 1::L PORVENIR RUBBBR PRODUCTS. lNC. H ead Office: 2G5!J H'el'l"an, M.anila, P. O. Box 2{18 - A'utionality: Filipino -- R(,sin('.ss: Manufacturer s lind exportersj Elpo rubber and canvas shoes-EBtablished: 1934-PI-incipals: T omas Gel'orimo, PI'esident; Carlos Geronimo, Secretal'Y, FlorClltina L. Gcron'imo, Treasurer-Telegraph Address: "Elporupro"-B1'(J,1/ofr Officc; Cebu, CebuB(L1Ik Reference: Hongkong ancl Shanghai Banking Corllol'ution.
548
THE COMMERCIAL & INDUSTRIAL MANUAL
PRISMATONE·FILIPINAS, INC. HeCld Office: Gral. Solano, Manila-Registered: October 21, 19a5-Term: 50 yeal's-Business: To engage in the production of moving pictures and all other things which arc necessarily connected thcl'<!with; To engage in the distribution of movil1'g pictures produced by the corporation or taken from other sources-Nationality: FiiipinG-Capital Stoek: Pesos 1,000,000.00 divided into 10,000,000 shares of the par value of P esos 0.10 each- Subscribed Capita/ .' Pesos 204,QOQ.OO-Capitn/ Paid: Pesos 51,000,00; Cu.sh.' Pesos 1,000.00; P1'opeJ"ty: Pesos 50,000.OO- IncorporatoJ's and Di"ecto rs.' Adolfo Garcia Joo;e Ncpomuceno, Jesus Nepomuceno, M. Kraut and Isabel de Nepomuceno-T~'easu~'e1': Isabel de Nepomuceno, Man'ila. LA PUERTA DEL SOL Head Office: 52-54 Escoitn, Manila, P. O. Box 97 - Nationality: Spanish - Business: I mporters; Glassware, china ware, porcelainware, table ware, novclties, lamp fixtures, kitchen wares and toysE'stablished: 1870-PI'incipals: Antonio Guasp, Proprietor; Jayme Sal om, Secretary; Salvador Lizar_ raga, Auditor-Telegraph Address: "Puertasol".Ea'uk Reference: Bank of th~hiliPPine Islands. PUEO PORfl'A Y CI A H e.ad Office : 212 Maga lanes, Intramuros, 1\ianila-Nat-ionality: Spanish-Business: Wholesale & Retail Groceries & Wines-Partnel'ship: Antonio Porta, Manager and Pedro Pascual, Acting Manager-Established: 1917-TewgTa1lh Address: "Pueo".
QUAN KE CH AUK Head Office: 411 Poblete, Binondo, Mani la, r'. O. Box 2289-Nationality; Chinese---B!tsiness: Importers; Groceries and gen'eral merchandise-Exporters; Rice, h'emp, copra, mangoes and fresh vegetables-Estflbl1shed: 1931-"P"illci1lUls: Quan Kee Chauk, President-Manage)'; Chung Wing, Secretary-Treasurer-TeleU~'aph _4ddres8: "Quankee," Manila-Bra1!ch Offices; Hongkol1'g and Shanghai-Bank Reference: China Banking Corporation.
QUA CHEE CAN H ertd Ojlice: 3 4H
RED V. COCONUT PRODUCTS LTD. Head Office: Hongkong and Shanghai Bank Bldg., 'M anila, P. O. Box 311-JJa1/Uoing Agents: Smith, Bell and Co., L td.-Natlonulit,y: Br itishU1lsiness: !lfanufacturers and exporters; Desiccated coconut-Established: 1928-PrinCi1IGl8: R. T. Fox, P)'esident; P. V. Appleby, Vice-Presidem: James Madison Ross, Secretary; A. J. Balls, TreaSUl'er; H. H. Bayne and Co .• Auditors- Teiegrap,. Address: "Citronella," Manila--Codes Jl8ed: All codes--B(~1Ik Re/fwel!ce: Chartered Bank of Tndin Australia and. China.
F.lcal~'O,
Manila, P. O. Box Z4'70-l\'ntiollafily: Chinese-Busil'ess: Expor ters; Hemp and copra-Established: 1924-Manager: Qua Chi Pao--Telegraph Address: "Cugan," Manil a - -Code.9 used: Acme-Bra1!ch OfficeR: Legaspil'abaco, A\bayj Caramoan', Cnma r ines Sur: Gubat, Sorsogon-Bank References: The Yokohama Specie Bank, Ltd.; Philippine NatiOll'RI Bank; and China Banking Corpol·ation. THE QUAL1TY JEWELRY STORE.
Heud Olf1'ce: 870 Rizal Ave., Manila, P. O. Box 1036-NatioJI(dity: Filipino-Bltslness: Impol·tel's;
Watches, tableware, jzwelry, clocks, novelties and fu r nitul'e-Establ'i shed: 1929- Pri,t lcipals: Rufino Halili, Manager ; J. Punzalall' Halili, Treasurer; Teodorica H alili, Auditor-Ttlleg1'aph Address: "Farentor"-Cotles used: All Standard Codeslia1lk R eferellce: Philippine National Bank.
P.ADIO SUPPLY & SERVICE CO. Head Office: 698 Rizal Avenue, Manila, P. O. Box 1390-Nationality: Filipino-Bnsiness: Importel's; Radios, radio accessorir.s, talking machin'as and electrical materials-Eslabl1'shed: 1931-Prillcipals: Jose A. Ramirez, President.Treasurer; G. M. Sia, Vice-Pr esident; G. L. Manuel, Auditor-Teleg:'a;ph Address: "Radiosuser."-Code 11sed: Bentley's -Bank Reference: Philippine National Bank. TIAMON ROCES PUBLICATIONS, lNC. Head Office: 715 Calero, Manila, P. O. Box 1€25-Na.tionality; Fii ipino-B116'il1e88: rmpor~ l's; Pape, (news), chemicals and inks-Engraving work-Publishers; Magazines-E s /rtbli81ted: 1922P1-inci1lals: Ramon Roces, President; A. Garcia and Co., Auditor-Telegrap}!: Address: "Ramon Roces." -Code used: Bentley's 2n'd Edit.ion--Bank Refe,'ences: Peoples Bank and Trust Co.; Philippine Kational Bankj Bank of the Philippine Islands; National City Bank of New York.
RELI ABLE BAZAR & BOOK STORE HeQd Office: 645-649 Rizal Ave., 'M anila, P. O. Box 2372 - NationalitJy: Filipino - Bmill(!8s: Importers; Books and Stationery-EF/ablil'hed: 1935Prillcipals : 1. Konigsberg, President; Mrs. Sarah Konigsber g, Vice_President; Mrs. ~arah KonigsberJ.!. Sc::cretary; 1. Konigsberg, Treasurer; Calixto D.
549
PHILIPPINES Garcia, Auditor; I. Konigsberg, Isidoro Reich,
F~l··
nando Leano, Mrs. Sarah Konigsberg and Karl Nathan, Directors - Telegra,l)h Add/'ess: "Konigsbp.rg,"
Manbovo."-Bank
R e!el'cT/co;
Philippine
Trust Co.
FLORENCIO REYES & CO. Head Office: 420-424 Azcarraga, MamlaB ramel!- Office: Reyes Building, City of Baguio, Mt. Province - Nationui1"ty: Filipino - Directors: FlOl'encio Reyes, General Manager and sole owner
FLORENCIO REYES
Co.
&
Manila , P. 1.
BALANCE SHEET December 31, 1936 lJIABILIT1ES CURRENT L1ABrLlT1ES:
.'\SSETS CURRENT ASSETS; Pr.sDJ
P(lOI
Accounts Payable ......'\. Acceptance Payable. Notes Payable ... Loans Payable. . . ......... ,,"' Bonus Payable .. Baguio Accounts Payable ...
61,483.39 113,281.31 1,579.00 82.80 7,009.00 IS93.16
OVERDRAFT:
Philippine National B:l.nk- Baguio\ ..... Philippine National Bank- Manila \' .. OEFFERRED LIABILITIES : Accrued Expcns.c:s .. . Ta.xes........... . Oliv:a Reyes .. Fr:ancisc:a Reres .. Angel Reres . . CAPITAL AND NET WORTH: C:apif:ai-Florencio Reres .. Less-Dr:a",ing. Net Profit. .
....... \ ..
511.30 59,902.12 3,543.28 4,493.18 2,571.30 90.00 600.00
141,729.20 7,9)1.89 133,797.31 54,450.96
188,248.17
/
/
Toul Li:abilities :and Capit:al. ............... 444,988.11
Cash .. Accoums Receivable . 116,705.89 Less- Reserve for Bad DeblS. 2,430.69 Notes Receiv:able . Loans Receivable Claims Receivable .. Customs' Deposits. Merchand is.c: Consignment-In. Suspense Account Mercha.ndis.c: In,'cnrory Investmen t Special (W:ac k-w:a ck Golf Club)' Mining Imesllnent.... . Deposi(()£r Accoum .. Mereh:andis.c: In Tunsit DEFFERI;lED CHARGES : Insurance Unexpired .. FIXED ASSETS : 12,698.53 Deli,-er}, Equiprnem .. Transporntion Equip... 5,266.50 Misc. Equipment. 1,2OS.25 Furniture and Fixtures . 5,024.79 48.18 Warehouse Equipment Baguio Warehouse Equip. 664.09 Baguio Office Fur. :and 617.76 Fixture .. B:aguio Hous.c: Equip2,612.77 ment. . Baguio Delivery Equip. 2,096.50
114,275.20 75.00 1,957.37 607.61 408.99 80.00 22,998.35 130,272.60 1,317·50 25,091.34 362.00 5.030.40 1,127
l}
30,2)7.37
26,502.25 Less-Res. for Depreci:nion Ru] Escate-Pamp:l.Oga. Baguio Real Estate Lot No. 74. _. Bagnio Real Escate Lot No. 103 .. Bagnio Real Estate LOt No. 100-101 Baguio Rea\ Esta{C Lot No. 24·18. Baguio Real Esnte Lot No. 105 . Baguio Real Estate Lot No. 104 .. Bagnio Real City Lot No.2. GooDWlLL; ... Toni Ass.c:IS..
3,264.84
3,735.11 4,579.41 44,711.00 36,8')6.43 29,}04.63 98.70 2,171.75 2,735.56 10,899.61 2,027_ 444,988.1 1
EXHIlHT"t\" (Sgd. ) ABUNDIO L. AQUlTANIA, AI/dirK.
;;0
THE COMMERCIAL & INDUSTRI AL MANUA L
of the firm; Domingo Sandoval, Acting Manager and firm Coun'Sei; Angel Reyes, Assistant Manager; D. C. Argenw, Sales l\Iunagcl'; Teofilo Yamzon, Chief Accmmtnnt; Jose Hum"to, l\I anager of Baguio Bl'anch-Established: 1920 in l\laniJa; December , 1929, in Branch-A private finn owned exclusively by FJol'cncio Rcyes-Ca.pital: Pesos 188,248.27Business: Gell'el'a] merchants, imlloltel'S, distributors and dealers in builder';; iHll"dwal'c, g:llvanizcd roofing iron, pipes, stl'uctura\ steel, cement, plumbing materials, watel'wOl'k mntedals, l>aint5, road tools, mining equipment supplies, and dl'ygoocls, etc.; Owners of aprll-tmcnts fol' rent in Baguio-Antmal TII)'l/over: Pesos 917, 175.20-Rcstwve: P esos 60,000.OO-Cablc Add/'css: " F LOC 10RECO"-Codes Useci; ACME &. BEN T LEY'S-Hi$lorical Notes: T he f irm W:lS ol'iginally established in 1!)20 with a capital of ilbout P10,OOO.OO, ull'der the sole management of t he owner Flo:'enC'io Rf'yes, with the assistanc~ of the then bMkkE'epel' "nd now Sales Manager D. C. Al'gente--Ba1JIr Rcfel'e ('e: Philippine National Bank.
A. P. REYES OPTICAL ?\O. H('ftd Office: 684 Rizal :Avenue, Manila, P . O. Box 2Hl6 - N(INonality: Filipino _ 81lsiness: Im},orlJc.rs; Optical matel'ials-Established: 1930Proprietor: Dr. Aurelio P. Reyes-.-Bank Refel'ences: Philippine National Bank and National City Bank of New YOI路k.
-EsICIblishcd: 1932-Princi"a/s; Tomas del R io, President-Manager; Dionisio Luguinu, Juan Bta. Olabal'l'ieta, Fel'nnll'l:lo Olabal'l'i<>tu, l"rancisco 0 1abal'l'ieta, Hijos de Olabarrieta, Fernanda Zulueta, Dircctors--TelegI'lL1,h Addr6ss; "Rio"-Code used; A. B. C. 5th Edition-BallI.: References: Bank of the Phiiippine Islands, National C ity Bank of New Yol'it. RIU H ERMANOS, INC. Hertd Olfice: 623 F.scolta, Manila, P . O. Box :178 - Natio1wlity; Span ish - Busilless: I mporter s and ma!Yl1IacLu!'cl's; L eather , i enth~r goods, t r aveli ll ~ articles, harness and saddles, orthopedic goodsg~la bli8!Jed: 1928-P1'incipuls; J oaqu in R iu , P residen t ; Juan Rill, Vicc-P resident and Treasurc!'; J ose P ons, Manager; P aulin o Fernan dez, Secretary; Dalupan and Tones, Auditor s; J oaquin' Riu, J uan Riu, Jose P nns, Graciano Dacduc. Fausto Numblen, Paul ino Fer nandez, and Eulal io Buenbrnzo, Director s-Telcgl'aph Add1'ess: " Hiu"- Balik References; Bank of the P h ilippine Islands, National Cltyj Bank of New York 811'(1 Phil ippine Trust Company.
RiZA L BED FACTORY Head Office; 73 1 Rizul Ave., Manila, P . O. Box 21 88-Natirmulity; Ghinese--Bnsiness; Importers; Steel beets-Man'Ufacturers; St.eel beds a nd wooden and rnttnn furniture-Established: 1927!l{atlagel' and Treasw'el': Sy T o Chi n-BanI.: R efe/'c'lce: Chinn Banking COI'JJOr at ioll.
C. DE LOS RE Y F.S H ead Office; 409 Cu Unjieng Bldg., Manila, P. O. Box 2a22-Nutiolwlity: F ilipino--Bllsi1!ess; Importers; Agl'icultul'al implemen ts, g a s ranges, lWatel's and applianccs-Expor ter s; 11'0n or e, mang'<ln'ese, chromium, >etc., seaweeds a nd other P hil ippine marine products-Establi.~hcd: 1927- Pl'inci1;ufs: Geronimo de los Reyes, P"opl'ietor; Leocadio Cecil io, Cashier and Accountant-Banf~ Refel'ences: Hongkong and Shanghai Bankin!! Corporation anti Bank of the Philippine Islands.
ROC E S & CO., I NC. H ead Office: 127- 129 Plazn Goiti, !'.1a nila, P . O. Box 1HO - Naliolla/1ty: Filipino - ilushle88: I mporters; S ports al'tic l ~s, men's f u r nishings and Ii reun ns-Elltablisheci: 1 920-PI'incilJals : "Ang Tibay", Mu n a~I', Toribio Tcodoro, Proprietol'-Telogrul"1 ricldJ'ess: "Roceciu."-Code 1186d: Bentley's-Bank Rcje1'encell: P hi li ppine National Dank and P hilippil\'e Trust Co.
FJO Y OLAEARRI ETA Head Offi('c: 703 S3n Fernando, l\1anilaB ranches: Puerto Princesa, Caram2.Y. Brookes P oirrt, BUcnngan, P3Iawan-Natiollality: Filipino--Bllsi1!I'SS: Exporters; Timbzr, cattle. copra and almaciga
.-\. R01\IARACH & CO., I NC. He(ld Offici'; 232 Curriedo, Manila, P. O. Box 520-Nationality: Filipino--Bu8in6Bs; Importers; .-Ul l ines in music, pianos, violin, e.tc.-Established: 1!J20-PI"iJlcipals; Jose Al'naiz, PI'esident; Amadeo
N O T E : -THE INFOR M AT I O N CO NT A I N ED I N T HE C O MM ERC I AL'" INDUSTRI AL M A N UAL OF T HE P H ILIPPINES IS OBTA I NED F R O M SOU R CES B ELI E VED T O B E RELI A BLE A N D I S T HE R EFO R E BELIEVED ACCURATE. BUT IS N O T GUARA NTEED IN A N Y W AY AND N O RES P O N S IBILIT Y TI-fERE FO R E CA N BE A TT AC I-f EO T O TH E PU B L I S I-fE RS O R A N Y R E P RESE N TAT I VE T I-fEREOF .
__________________________~PH~[~L~W~P~lN~ES~_______________________ 551 Romafiach, Vice·President an'CI. Manager; Jose I\la. Arnaiz, Secretary; Antonio Ramon, Treasurer; Antonio .Ramon, Auditor-TelcOI'al,ft Add)'css: "Aran,aco."-Bank Refe)"ence: Barrk of the Philippine Islands. SALAMY BROTHERS H ead G/.fice: 104 Gunao, Manila, P. O. Box 1&79 _ Nrltionalitll: AmericRIl - BlIl,inc8s: Manufacturers and exporters; Embroidf'ries. ladies Il'ight gowns and baby dresses-Established: 1921I'I-inciprtis : Jamie1 Salnmy, Manager; Alberto V . Garcia and Co., Auditol's-7'elegl'aplr Address: "Cosalim."-Cotle tlsed: ABC 5th Edition-Bunl, Re-terence: Philippine National Bank. SA Y KIM C.H1ENG & BROS. Head Office: 48 Rosario, Manila, P. O. B.ox 1451-r-.-ationaliey.' Chinese-Business: Importers; Dry goods-Established: 'J.900-1~r'il1cipals: Sao Koh Alias Say Koc Chuan, Mallager; Say Sun Pa, Say Koc Chuan, Say Nam Ching t Co Lay and her sons l3), Gui Hua and her son, Partnel's-Bamk Re/e)'cnce: National City Bank of New York. 1\1. Y. SAN & CO. HCfld Office; 69 Escolta, Manila, P. O. Box 40fo.:ationalily: Chin<!se-BlIsiness: Importers; Biscuits and confectionery-Established; ~936-Principals; Fung Hung-Cho. President; Mar Chip, Manager; L. B. iVlonzon, Secretary; Mal' Chip, Tl'easurerTdeg)"(1,1lh Address: "Mayorksall"'-Ba11k Reference: Philippine National Bank. SANTOS OCAJI.'IPO, INC. Hearl Office: 511 Rizal Avenue, Manila, P. O. !3(\X 1615-Na6onality: Filipino-B-u sincss; ImJ'OI'OOI'S; Drugs, chemicals, toilet preparations, novdties, Manufacturers; Toilet preparations, patent medicines-EstabUshed: 1920-Princi11als: Velfin San'tos Ocampo, President.; Jose V. 1'.. rercado, Vice-President; M. Mirasol, SecI'etal'y; G. Noriega, Auditor; Antonio Santos Ocampo, Gen'eral i\"Ianagel' -Telegra,ph .4ddn!ss: "Soinc"-Gode l(sed; Bentley's and Private Code-Balik Refel·tmce: Philippine Nationnl Bunk. ~AN
ANTONIO LUMBER CO., INC. Head Office: Iloilo-Registered: November 11, 1~37-Nationality: Filipino-Blisiness: Lumbel' in all it!' forms-Capital Stock: Pesos 100,000.00 divided into 1,000 shares of the par value of Pesos 100.00 each-Sllbsc)'ibed and Paid-ill Capital: P esos
25,000.00-i1rcorpomlo)·s :-Ramon Lopez, Eu~nio Lopez, Fernando Lopez, Vicente Arenas and Teofilo Santiago. SAN MANUEL !I;IINES INC. Head Office: Iloilo-Registered: November 17, 1937-Natiollal-ity: Filipino-BlIsiness: To work, locate, explore and mine asbestos, gold, salt, etc.Capital Stock: Pesos 50,000.00 divided into 50 shares of the par value of Pesos 1,000.00 each-SlIbscl-ibed Calli/al; Pesos 33,000.00--Capitnl Paid: Pesos 18,725.00-incol"}lo)·ctfO)·s; Manuel O. Soriano, Manuel Asencio, Alfonso DOl"Olliln, Mar ia Ledesma, Pedro T'211eria, Pedro Auzmcndi, Jose Lahorra , Felix Rubia, Juan Sarasola, J ose Zubiri, Carmelo Imaz, Jo~c Ma. Zubiri, Nicolas Alonso, Rieal'do P. 80ria1\'O and Luiz Z. Gutierrez. SCHNIZLER SONS Hertd Office: 519 Estero Ccgado, Manila, P. O. Box ] OBO-Business; Importen;; European goods, steel piles, etc.-Established: 1928-Manaue)': F. K. Rchnitzler-Tc/eg/"a11h Address: "Schnitzler"-Ballk Refcrence: People's Bank and Trust Co. SEN GUo· N SntNG EGG 8TOl:E Head Offiee: 106-1 12 GunM, :'I1allila, P. O. Box 1841-l\-alirmnlitll: Chinese- Bll:;i)less: Importer; F ggs, E:q)orters; Fruits-Established: 1930O tVlIC)': Tan Liao-TelefJ)'aplr Addl'css: "Tanliao"Bank Reference: China Bankinll Corporation. 8ENG BEE & CO., I NC. Heo.el Office: 469 Nueva, :;\lanila, P. 0, Box 2133-Na~iolwlily: Chinese-Bllsincss: Importers; ] )ry goods - Established: 19:12 - P"csidclIf ami i'J.!anagel·: Scng Bec-Telcg)'aph Addrcss: "8engbee". SENG TCEE & CO. F/ead. Officc; fi22 Nueva, Manila, P. O. Box 1117-Nationalitu: Chinese-Busincss; Importers; General mel·chandiS'.l!, provisiolfs, canned goodsRsinbli$hed: 1907- Prillcip(l!s: A. M. Chon, President and Manager; Ang Elln Jim, Assistant Manager; Ang Sek Eng, Treasurer-7'efegl'u7lh Add/'est!; "Sengkee"-Code used: Bentley, PrivateBank Rcfel"c1!cc; China Banking Corporation. SHALOM & COM PA NY Head Oifice: 446 Legarda, )[anila, P. O. Box 1771-8I"011CIl Offices: New Yol'l;, U. S. A. and Shanghai, China - Natiollality: American _ Business: Manufacturers and eXJ}orten; Philippine
552
THE COMMERCIAL
&
hand-made embroideries, especially children's wear alld baby dresses-Establish.ed: 1912-·Principuls : L Shalom, Prcside!l't; E. Hamowy, Vice-President; T. Hamowy, Managel'; CIU1'k and Larkin, AuditorsT eiegm]lh Addl'css: "Shalomeo"-Code used: Bent-
ley's A. B. C. 5th Edition-Bank References: Philippine Trust Co. and Chase National Ban'k of New YOlk
C. F. SHARP & COMPANY, IN C. fhad Office: National City Bank Bldg., Manila -Registered: November 23, 1937-Natio1utlitu. American-Bltsincss: To calTy on business of shipping agents, fl'eight brokers, ctc.-CQ.1)ital Slade Pesos 5,000.00 divided into 100 shares of the par value of Pesos 50.00 each-Subscribed Uincl Paid-in Capital: Pesos 5,OOO.OO-htcoJ·poratol's: C. F. Sharp, A. V. Rocha, Vil.ginia Betts, Joaquin Perez and J ose Gaviola.
E. SHVETZ & B. G"NRBVI CH Head Ofjice: Manila, Philippine s-Registered: Nuvem?el' 1, 1937~lV(llio\(llity: Russian-Business.' Imp o!tm~ and seJ hng: dry goods, etc.-Capital .' Pesos 10,000.OO-CClpilal cOl1t)'iblhed bV each l)artne)': Efraim Shvetz, Pesos 10,000.00 ; Doris S. Gurevich, Indu strial-Manage)': Bori s GUI'~vich. SHIOJI & ASANO Head Office: Kobe, Japan-Manila, Office: 35-_". E! Hogar Bldg., P . O. Boy. 100-Nationality: Japanese-Business: ExportC!r~; Hemp and Canton fiber, Importers; Cigarette paper-Established: 1921-Mallrt.cJel·: K. Shimano-7'elegJ'aph Address: "Sanda," ?'.1:an'iJa-Cotle 'lse(l: A!i Standard-Ballle Rl'fe )'ence: The Yokohama Specie Bank, Ltd., Manila.
INDUSTRIAL MANUAL SIR I US TRADING CORPORATlON Head Office: 719 Estero Cegado, Manila, P. O. I:ox 1783-Busi:iles8: Importers; Artists colors, drawing instruments, tracing paper, drawing, paintcanvas, etc., Manufacturers ; Inks, stencils for duplicating Machines, and polish-Estahlished: 1928President L. Ahrendtsen-Te/egl'aph Address.' Sirius 'I'radill'g Corporation-Bank Refs)'slIee: People's Bank and Trust Co. SO PIT HUY Head Office: 221 8to. Cristo, Manila, P. O. Box 2554-Nat'iol1alitll: Chinese-B1HwI/888: Impor ters; Chinese d r ugs and mcdicines-Es t(~blis"ec1: 1922Proprietor: So Pit Huy- B(l1lk Refe)'slIce: Chind Danking Corporation. SOBHRAJ ,JHAMATMAL & CO. Hsad Office: 128 Nueva. Mnnila, P. O. Box 1821-NIlt-ioJwIUy: British-Indi,m-B1Isine8s: Im~ porters; Silk and silk-made g'oods-Eslablislzed: 1928--Pl"il1Ci7)Uls: Sobhmj Jhamatmal, Proprietor; Ghanshamdas Hot.chand and Atmaram Udharam, Partners-Telsgraph Address: "80BHRAJ"-Ball.!t liefe nenct<8.' China "Ranking Corporation and National City Bank of New York.
C. F. SHARP & Co., INC. STEAMSFlIP AGF.fI;TS - OPI!RA T ORS _ SHIP IlROKERS GENERAL AGENTS IN THE PHILIPPINE ISWl.NOS 1'011.
S;, Wm. REARDON SMITH & SONS, LTD. MANAGING OWNERS
THE REARDON SMITH LINE, LTD. THE LEEDS SHI PPING CO., LTD. THE OAKWIN STEAMSHIP CO., LTD. PHILlJ'PI NES_U . S. GULF". ATLA NTIC COAST SEII.\'ICES
SJA TEC CH rONG & CO. H ead Ofiice: 271 Juan Luna, Manila, P. O. Box 1760- Nationality: Chinesc-BlISitles8: Importers and exporters; Ricc-Es tablil;l/lCd: 1922--Pr01})'iet il], : Sia Eng- Balik Refe)'clIce: China Bankili'g Corporation. PEDRO SIOCHf & CO., INC. Head Office: 347 San Marcelino, ManilaNatio)utlity: Filipino - Bt1sil/css: Engirreers and Contractors-E8tClblished: 1930-PI-incillals: Pedro Siochi, President, Antolin 1\1. Oreta, Vice-President, Mrs. E. V. Siochi, Treasurer, Jose M. Olmedo, Secretary_A Ilfj' OriZCfi Capital: Pesos 300,000.00 -Paid-ill Calli/a/: Pesos 150,000.00-Par 1Iaille of Shares.. Pesos 100.00-Te/eUl'Qph.. Siochi-Ba1lk il 6j(~ I'C1tce: National City Bar:k of New York: Philippine National Bank .
THE UNITED OCEAN TRANSPORT CO., LTD. DAIDO KAIUN KABUSHIKI KAiS HA
...
PHILlPPlNES.U. S. PACIFIC COAS T PIHLlPPINES·U . S. ATLANnc COAST SERl'Idi.S
STATES MAR.INE CORPORATION STEAMSHIP AGENTS - TIME - CHARTERERS PHILlPPlfI;£s"U. S. GULl' &: ATLA'ITIC COASTS
MR. C. F. SHARP PItEllDENT
MR. A. V. ROCHA
VlCE-I'I.EJlDENT CENEItAl.IIAN"CEIt CABl.E AOORESS
"SUGARCRAFr ALL CODES
520-}24 Insular Lift BIdS· P. O. Box )70 MANILA
PHILIPPINES
553
SON CAJUAL Ne(td Gi/ice: 207 Gandara, Mnrtila-Natiol!ality; Chinese--Business: Importers; Shoe suppliesElItablished: 1900_P.rincipals: Son Hong Tee, Proprietor; Son Ca Jual, Treasurer-Teugraph Ad<tnlSS: SONCAJUAL-Bank Re!tW6nce: China Banking Corporation.
Belcher, Jr., A. de Bl'etteville, H. W. Clark, W. D. K. Gibson, Edwal'd Rohfeld, J. N. Rosekrans, Adolph B. Spl'edrels, C. A. Dewitt, a nd Angel Elizalde, Dir(>ctors-Telegraph Address: "Spl'ecco"-Code u8ed; Acme-Branch of/ice: Bacolod, Occidental Negros -Bank References: Philippine National Bank and People's Bank and Trust Co.
sao
CHOW Head Office: 463-465 Nueva, Manila. P. O. Box 2423-Nationality.- Chinese-B1Isiness: Importer: Dry goods-Established.. 1935-P,"incipals.. Tan Cheng Kee, Proprietor; Tee Tian Tah, MarragerTclf~!l,·a'Ph Add'"ess.- "SOOCHOW"-Bank Rete)"· ence: China Banking Corporation.
STAR BICYCLE STORE Head Of/ice; 751-753 Rizal Ave., Manila, P. O. Box 38-Nat'iollality: Japanese-Busine8s: Importers; Bicycles and accessories-E'sta,blished: 1930Prop,·ietor: H. KUl'isu-Telegraph Address.' "Kul'isu," Manila-Code 1lsed: Bentley's-Bank Reference: The Yokohama Specie Bank, Ltd.
"SOLEX" TOOL CORPORATION
STANDARD MERCHANDISE COMPANY, IN C. lIead Of/ice: 121 Escolta, Manila--Registe l'ed: November 11, 1937-Nationality: Russian-Bllsi. ness: Merchants-Capital Stock: Pesos 100,000.00 dh'irled into 1,000 shares of the par value of Pesos 100.00 each-Subscl'ibed Capital: P esos 20,000.00Ca;pital Paid: Pesos 5,100.00-Incol'poratol's: Bori:; S. GU1'evich, Efraim Shvetz, Mark Gl'ynwald, ISI'ael Konigsberg and Thomas A. Lynch.
Rea(l O/lice: Mal1ila-NaNollality: GermanBllmness: Wholesale Tools and Hardwal"e-Establish ed: 1935-Capital: Pesos 5Q,OOQ.QO-PaT Valutl of Shrr1'f's: Pesos 10.00-Agencies; "Toro" Tools Rnd Hardwa re-Telegl'(z,plt: Sale>; Tool-Bank Refertmce: Philippine Trust Company.
SOUTHERN NAVIGATION CC;>MPANY, INC. Head Of/ice: Cebu, Cebu-Registel'ed: November 23, ] 937-Nat-ionality: fI jlipino---Busilless; ' Shipping etc.-Capital Stock: Pesos 60,000.00 divirled into 600 shares of the pal' value of Pesos 100.00 each-Subscdhed Ca,pital.- Pesos 60,000.00Ca,pitru Paid: Pesos 24,000.00-IlIC01·P01·a,tOl·S; Canuto Orosa, Chu Sill' Tan, Tan Buy, Co Kim Sua and THn Lit. SPENCER KELLOGG & SONS (PHILIPPINES), INC. Head Of/ice: Tomas Claudio, P.andacan, Manila-Sl!bsidiary of: Spencer Kellogg & Sons, Inc., Buffalo, N. Y .-Nationality:American-Bus'iness: Manufacturers of Coconut Oil, Copra Cake, Copra Meal-Authorized & Paid-in Ca,pitals Pesos 1,000,OOO.OO-Pal· Va/ne of Sha1'es: 'Pesos 100,OO-Manila Ma:n.agcl': H . Dean Hellis---Telegraph: SpenkeJ Son-Bank Reference: National City Bank of New York; China Banking Corporatioll. SPRECKELS PHILIPPINE COMPANY HerriL Of/ice: Hi EscoIta, Manila, P. O. Bc" :1088-Nati01lality; Amel'ican-Bltsiness: Exporters: Sugar-Established: 1933-P"i,/cipals: Frank J. .Belcher, JL'" Pl'e sid~nt, A. de BrettevilJe, Vice_ President, Tomas Contreras, Secretar,y ; Angel Elizalde, Tr<!asurel'; Clarke & Larkin, Auditors, F. J.
SINGAIj»ORE RUBBER WORKS, LIMl'TED H ead Office; Singapore-Branches: Batavia, Soerabaya, Shanghai, Manila- Manila Oflice: Wise Building, Juan Luna~Naeioi!ality: BritishBusiness: Manufacturers of Mechan:cnl and Industrial Rubber Goods and Exporter'S of Raw Rubber-Established in Singapore in 1930 as S\ICces· SOl'S to Netherlands Guta Percha Co., which was Established irr 1898 in The Hague-Private Limit.ed Company Incorporated in the Straits Settlements-C(!.pital: $2,000,000.00 Straits CurrencyStockholders are The Netherlands Trading Society-Di?'ecto1's: H. Giel, Chairman; C. Huisken, F. Helmers, C. F. H . de Vries--Co_i\!(!.110-gel·s: L. Cresson and J. V,an Essen-Manager-Manifa Office; D. S. Wylie-Tclegra,1)h AdtWess: " Isoinandra"-Codes Bentley's, ABC 5th, 6th. Editions--Bank References: Netherlands Trading Society, National City Bank of N. Y. F'REDERICIC STEARNS & CO. Central Of/ire: Detroit, U. S. A.- Manila OJfice: flB5 Sales, Rot.ica Stn. CrU1:, Manila, P. O. Box 269-Nrr/io1!aUty: American-- HlIsin(lsl!: FactoryrepresentAti\'e and pharmaceutical prcparatiollsEstablished: 1931-Rep"6sel1ta/,iue ill Mrmila: A.
554
THE COMMERCIAL & INDUSTRIAL MANUAL
1.. Alsobrook-Telegruph A dd,.es8: "Zymolc."Codes used: All Standards-Banlt Refe/·ence : National City Bank of New York.
l1AZAAR SU SEC & CO. H ead Office: 227 Rosado, Manila-Nationality: ChillCSc- Bllsiness: Importers; General merchandIse, espccially dry goods-established: 1933P?·esidellt: Uy Sin g-T eleg)"ul)h Adell·eBs : "SUSEC" --Codell used: All standard codes-Butlk Refe)'ences: ::-.'ational City Ba nk of Ncw York and Hongkong & Shanghai Banking Corporation. SUMAGUI TI MBE R GO., INC. H ead Office: 322 Snmanillo Bldg., Man'ilaMills : S umagu i, Mindoro-NaliO?lUlity : JapanescB1/siness: Producers and exporters ; Logs and timber, Philippine logs for veneel·, plywood, ctc.-Establishc(i: 1926-P,-incipais: Y. Imamura, PresidentTreasurer, Antonio deJ Rosario, Vice-President, E. G. Chavez, Secretary, ~. E. Si son, Auditor-Tele91'(lP/t Add"ess: "Sutimco".-Batlk Refe)·ence: The Yokohama Specie Bank, ntd. SY YOCO & SONS, INC. \ Head Office: 6 Ingl'cso) l\'b .nila , P. O. Box 1~ 24-A-Natio)!(o.li ty : Chinese r-BlIsines.~: Export e1"s; HC'mp a nd copra, marine shEil s-Established : l!l28-Pl'incipa/s: Sy Yoco, Pl'csidpnt; Sce Kim Kol, SecJ'ctnr~'; Arsenio Siy, Treasurcl"; Clemente Sy, Sy Su, Oy Tan, Siy Yo.:!, Sy YOCQ, Arsenio Siy, and S'.!c Kim Kol, Directors-TdeD,·aph A dd,·ess: "SY YOCO"-Codes IIsed: Acmc al1'(l Bentley's[;(l.1Ik References: China Banking Corporation an,d The Yokoha ma Specie Bank, Ltd. TA K AHASHI & CO., INC. H ead Office: 753 Taborn, Ma nil a, P . O. Box ~.ZO-N(! fio)lulity: JapaJlc5:e-BU$linell$l: Importers; J apanes;e and American goods, general merchandise -Establisiled.o 1915-PriJu'i1Ia/:). Sawn Takahashi , Pl·cs ident; Y. 1'akahashi, Vice- Pl'esident-Teley,·upll Address: "Takasfichi."-Bfltll.· RdeJ"e)!ce: Thc Yokohnmn Spt~cie Bank, Ltd. TAN CH ICO (TAN BU STONG) H c(~d Olfice: 133 Nucvn, Manila, P. O. Box 311 3 -Natil)twlity: Chinese-Bl!sim!sil: Importers; Dry p;oods-Ellfrtb!iElhed: 1842- P J"i)!c1roa i s: Tan Sam To, Mana~cl'; Tan Bu Siong, Assistant Manager; Tan lsll Siong, Treasul·cr-TelegralJh Address : "TANCHI CO"-Bflllk R eferences: China Banking Corpor;ltion :lnd Philippine National Bnnk.
TAN CHIN ENG & CO. Head Office : 103-109 Nucva. Man'ila, P. O. Box 1075-Nutiollality: Chincse-B1(sinesB: I mporters a nd manufacturers agent; Dry goods and Novelties ·-PI·incil)als: John Tan Chin Eng, Manager; M ariano Tan Ti Chong, Assistatrt Mannger- TeleDrUl)!L Address: " Hobianbian."-Cocl(J~ 1If<e(/: All standar ds -Batik Rl!fel'ence: China Banking Corporation. IIf)MINGO TAN ENG HONG He ad Office: 216-218 San " icente, Manila, P. O. Box 1514-Nationality: C hir"c~e-B lisine8s : Importer; Dry Goods-E stablished: 1917- PT(7))'ieto)'s : Domingo Tan Eng Hong and bl'olhers-Telogmpll A (/(b·es8: "TAN ENG HONG."- 8tI1l1r R efc rcllce : China Bnnking Corporation. V. C. TAN GUIAMCO & CO. Head Office: 235 San Vir:ente, Manila-Nufiollality: Chil~~se-Bljsilless: Importers ; Glasswar es and also general mcrchandise-Established: 1905-Pro7J1'ieto,·: V. C. Tan Guiamco--Bel?lk Refel"ellce: Philippine National Rank.
TA N KO & CO. If/Wi Office: 511-513 Sto. CI':sto, Manila, P. O. no:\: 2924- NCI,tiollalHy: Chinesc- R1tBi)]os8: Import;.. C:I"~; Groccries, Manufacturers; Chinese carnmelF,sla blish ed: 1921-P hllcipals: Tan )( 0, Manager; 'ran Ching, Tan Ko. Tan Hap an,1 Tan Kin, Pa r t nc . . . s -Batik R efe)"e)lce: China Bankin;; Corporation. TAN SEN GUAN & CO., INC. H ead Office: 863-867 Dagupan, l\JaniJa, P . O. Box 1253-Nutiollality: Chine:i'!-BIISilloS8: ExpOI'ters; Rice, palay, corn and mongo--Esfablished: ~9 1 3_P )'illci1>als : Tan Ohuan Hui , Presidcnt; Tan Chunn Hui , Mnnager- Ba111; Rcfel'ollccs: China hanldnA" Cor poration al1'd .Bani: of t he Philippine I!>la nds. TAN YI~ LAY Head Office: 228 San Vi('l!nte, Manila-Na· tiollolity: Chinese-B IIBifless: Iml)Orters; Dry Goods --Rst(lbliRlled: 1837-.l1ullaucr: Tan Uh Bnckl:a Jlk Rofenmce: China BankiJ1'g Corporation. 1'I1O ISES TA N J H Md Ofiicc : 408 Juan Lunn, )\[aniln-Natiofwlifl/: Filipino--B!Is1uess: Importl!r; Dry goods and rl!nmanls-Established: 1928--}-/·opl'ictor: l\foises Ta ni-BaJj/.; R e!tH'ellces: PhiliPlline Trust Compan)' and Ph ilippine National Bank.
PHILIPPINES TIC
CHONG H eUlI Qfiice: 142 Rosario, :i'.hnila-Nat'ionalitv,' Ghincse-Bwti7leslf,' Importers; DI'Y goods-Estab lished: 1920-F,'o1wie tol': Tan Tiong Tick-Bank Rl!fe.rellcc: China Ban'ki ng Corpol"<:tion. JOSE LAUREL 1'JO NG CH UI GTONG H ead Office-: ]21 Nueva, Manila-Nat'ionality: Ghinese-B!t~illess.- I mportc!"; Dry goods-Estab_ ii:>hed: J925-PrOl,)";eto,' : Tiong Chui Giong-Bank Relel'cl!ce: H ongkong & Sha nghai Banking COl'pOr~tion.
'l'I U YAO & CO. Head Office: 748 Taborn, Mall'ila-Nationality: Chinese-Bl1:finess : Impol'ters; Textiles and general m erchandi se-Es tablished: 1936-路Mam~ge r : Tiu Perez Hong-BulIk Rejen!.rtl;c; China Banking Corporation. TONG BEE & CO. H ead Ojfice: 485 Nu,\va, Manila, P. O. Box 170 --Nationality.- Chinese-Business: Importers; Dry goods-Established: 1923-Pl'incipals: Ang Tuan Kai, Proprietor; Tan Bun Chui, Trea!!urer; D omingo Ang, Secretaryj Chin Sec~uan, Auditor-Telefjraph Address: " TO NG BEE.' f_Bank References: China Banking Corporation' and National City Bank (.of New York. TOKYO GROCERY Head Office: 625 R. H idal go, :!\faniJa, P. 0, Box 2050-Natio71ality: Japan(!sc-L':'s:'r:css : Importel Sj Groceries and wines-Established: 19 ~ 1 -Pl'incipa ls: 0, Matsuki, President; K , Taketomi, Tteasul'erTdegrwph Address: "TOKYOGROCERY"-Bank Refel'ence: The Yokohama Specie Bank, Ltd.
royo
SHIRT FACTORY, I NC. Head Office: 451 Juan'Luna, Manila, p, O. Box 1543-Nationality : Japane se-BIIGine88: Importers; Textiles, l\hnufactul'ers; Shirts, drawers, pajamas, <:te.-Established: 1934-Pl'inciptils: Nobor.y Takemoto, PI'esidcnt; Adolfo Scheerer, Secretary; Mamoru Fujiwara, TI'2asurer-Tetegmpfi Address: "TOYOSHIRT,"-Rank Refe)'cl!t;(': Hongkong & Shanghai Bankin!! Corporation. TUAZO N & SAl\fPEDRO H ead Office: 817 Globo de 01'0, Manila, P. O. Bo:lo: 476-NutiC>l1ality: Filipill'O--Busincss: EXpOI路te1'S; Lumbp.l路 afld furtl'itm'e, Manufacturers; Doors, windows and furniture-/?stllbf1s/16d: 1886-P)'illci-
)5)
pais: Paulino 1\1. Samlledro, Pl' c~ident; Jose I\I. Sampedro, Vice-President; Manuel Escobar, SecretarYj Telesfoto Miranda, Treasurer, ~lalluel Escobar , Secl'etal'Y T c!esfol'o IHi randa, Treasurcr. Man~~el Escobar, Auditor; p, M, Sampedro, Jose M. Sampedl'o, T elesfol'o M. Sampedro, Jose M. Gon>z.ales and Ma nnel Escobar, Directors-Telegraph Address: "LAGAR IA N"-Code lIse(l: A, r. ,C, 5th EditionDank References: Bank of the Philippin!! Islands and Philip pine National Bank, TUBBS CORDAGE COr.'1 P ANY
}Jeud Of lice: 311 Nut.ional Citr Bank Bldg" fIlaniia-Ccntnl,l Officc: San F I'a Il'Cisco, U. S, A.NationaH ty: Amel'ican-BusineS$l; Buying Agency for H~mp-Main Office cstabl;n'l('(l: 185G-PrinciFils: H, P. Strickler, P l'csidenl; C, A, Carter, Sect'etary-Teleg)'oph Address: "PJanco"-Ba11k RejCJ'cnces: National City Bank of New YOI'k anti C/.ina Bankill!! Corporatioll, TUNG H UA Head Office: 539 Nll~va, l\lanila-Natiollality: Chines;--BIl,~ine8s: Importel'; Ot'Y goods-Estab lished: 1931- - Prillcipu/s: Tung Hua, Owner; Tung ILua, Treasurer- Telegra ph Address: "TUNG HUA " -Bal1kJ Reference: China Ballkin,C;' Corporation. TWENTlETH CENTURY FOX IMPORT CO" INC. H ead Office: 518 Reina Rcgente, Manila, P. O. Dox 423-Nationality: American-Bltsiness: Importers and distributors; Motion p ictures-Estabflshed: 1924-Pl'illctpnis: Sidney R. Kent in U, S, A., President; Daniel B. Ledel'mall, Gener al Manager for P. I.,-Cl ark & Larkin, Auditol's-Telegra.ph Address: "CENTFOX",-Bank Reference: National City Bank of New York. TY CHUA CO & CO:, lN C. Hend Ojfice: 333 Elcano, )'Ianila, P. O. Box G<l9-Nat iollnlity: Chinese-Bu:sil1ess : Exporters; Copra and rice, Impol路tel'Sj Flour, matches, beans, p~anuts a nt i othel- COlllmodities- Established: 1870 --PI-incipais: Tan Sip Hi , Pre.;identj Ong Liu, VicePresident; T y Kong Tin, Secl'etar y; Dy Li ao, T1'easurcl'-Telegl'al111 Arldl'e,~s: "TYCJi U ACO."-Code:s used: Bentley's and Acme-BI'al1ch offices: Tabaeo, Albay j San Quinti n, P angasinall'-Bal11.: Refn'ellces: Chinn Banking Corporation. Bank of tht. Fhilippine Islands, Philippine National Bank, Hougl;ong & ShanJt'hai Bank and The Yokohama Spe<:ie Eank, Ltd.
556
THE COMMERCIAL & INDUSTRIAL MANUAL
UNITED STATES STEEL PRODUCTS CO. (See E. C. HOLBROOK)
sistant Manager and Treasul'er- ·Ba1!k Refill'enae: China Banking Corporation.
t:NITED STATES RUBBER CO., LTD. /Jead Office: 13th Street, Port Area, Manila, l-'. O. Box 753-Nationality: American-B1!siness: Importers; Rubber products manufactured by the tJ. S. Rubber Company, U. S. A.-EstabHshed: 1918 _Local Ma?!age1': Albert N. Heeves-Telegm7>" AdlLYess: "RUBEX PO RT."-CodeN 1(sed: General. Bentlcy's-Ballk Refe/"ciLce: National City Bank of New York.
UY SU BIN & CO., l NC, Head Office: l37-Hl ROSHrio, Manila, P. O. 130}: 2391-Nutiol!ality: Chinese-R1tsiJless: Importer~; School snpp!ies, toilet preparations, cotton threads, and chncheria-Estabhshed: 1933-P"illIJipals: Uy Pit Eng;, President, Uy Pit Yong, VicePresident, G. T. Antal'an, Scrreta l'Y, Esteban Uy, 'l'reasurer-Teleyn11>}t A(/dreils: "UYSUB I N."[;ftl1k Refercncell .. Hongkong & Shanghai Banking Corporation and China Bankin'K Corporation.
UNITED PLUMBING CO., INC. Head Office: 666-676 Juan LUna, Manila, P. O. Box 1093-Natio)/ulity: Filipino-Bu.s-iness: I mporters i Plumbing supplies, pil)eS and fittings, tiles ar,'d buildin'g materials-Established: 1912-Pri1Lcipals .. S. C. Choy, President} William Choy, Vice-President and Treasurer, Emilio ~ntag, Secretary; S. C. Choy, William Choy, Henry Cnq,y, Emilio Lintag and A. J. Reyes del Sol, Directors-'rrelegmph Add"ess: "UNPICO."-BmJLch offices: 11,0ilo and Bacolod-Ba.l!k Hcfe)'ellces: China BankinA" Corporation and Ban'k of the P hilippine Islands. lViARIA"NO UY CHACO SONS & CO., INC. Heael Office: Chaco Buldg., ~lanila, P. O. Box 22-Natiollulity: Chinesa-Busi?!ess: Importers; Roofing iron, paints and varrrisLes, building matel'ials, hardwal'e and tool iml)lements-Established: 1881-P;-i?lci11als: Uy Yet, President; Dy Lac, ViceI'resident; Rufino Lee. Secretary, Ur Chaw Kui, 'l'\'casul"cr-Telegraph Allel)'ess: "UYCHACO."Bn1J/c Hefc)'ellces: China Bawking Corporation and ehaltercel Bank oi India, Australia and Cpi na.
l'Y HOO & CO. Head Ojjice: 629 Ongpin, Manila-Natio1Iality: Chinese--811sincBs: Importers; Electrical supplies and general merchandi se-Establish cd: 1918-P"i11oipa/s: Uy R oo, Manager, ~g Liam J(eng, Assistallt Manager, Uy Chian. Sales Mana~er, Ng EnA" Rian, !lOg Guiok Eng, Teng- Yu Tc, Uy Hoo and Ny. Liam I<eng, Directors-Teleg)'aph Add1"ess: "UYHOOCO" _Code uscd: Bentley's-Bonk Ref(H'c1!cc: China "P.nnking CO/·poration. 'UY LAi\l KIH & CO.
H ea.d Ofiice: 222 Sun Vicente, Manila-NationChincse--Busi)uffis: Importers; Dry goods, shirts nnd undershirts-Established: 1929-Pri)~ci r'al!>: Uy Lam Huat, Mannger, Uy Lam Kih, As-
ality:
VY TIT & CO. Hent!. Office: 65 Rosario, "M:mila_.Vationali ty: Chinese--Businesi': Importers; H ardware-Established: 1800-P,-i1!cipals: Wee H ew, Manager. N. Y. Siu, Assistant ~fanager-BaJd; R efn'ellc6s: Na· t ional City Bank of New York, Philippin'C National Bank, and Chi na Banking Corpur ation. TOMAS VELEZ & CO. Head Office: 550-562 T. Pinpin, Manila P. (I. Box 276B-Nationality: Chinese-Business: Manufactur ers; All kinds of knitted wears, !lilk <lnd cotton handkerchicfs, leather belts, hnporters; Silk remnants, rayon silk, underwear materials and sweater materials-Prillcipals: Tomas Velez, President, Ong TiM Po, Vice-PrcsideI1t, F. Alnlirol. Sccretan'-Tclcfj)'uph Aclri./"eI'8: "PEOPLEMFG," ;\lanila-Ba?1k Reference: Chinn Ranking Cor poration. J. VELOSO & CO. Heacl Office: 69 Real, !\1ani!a, P. O. Box 496i\'utionality: Filipino-Busi1ll.'s.'1: Manufacturers, Phil ippinc hats, Importers; Hat l:ri mmings. Indies halg an'(l artificial flowers, Exporters; Philippine hat bodies and hats blocked for ladies and gentsEstablished: 1921-P)'o7Jrietor: Jncinto VelosoTdegraph Acldl"ess: "Jnloso."-Code U8ed: Bent1(:~"s-Ba.1/k Rcje"ellce: Philippille National Bank.
P. VERA & SONS CO. Head Office: 134-140 Solanp-, M:milll, P. O. Box 26--Natiollality: Filipino-BItt;:lles8: I mportl'~; Cldendars, advcrtisin'g" novelties. office supplies, pu· blications and books and stationery, Printers und stationers-EstCl blis/lcd: 1929-Prillcipa/8: Pedro Ven!. and Apolo'"lia T. Vda. de Vern, Co_partnersTl'legraph Address: "VERAP."-COrl68 l/iud: Ail ~tandal'd .:odeS-&I1II: Hefatmcc: Philippine Natio1l'H1 Bank.
PHILIPPINES A. B. VILLANUEVA & SONS
Head Olfice: 616 Rizal Ave., ManUa, P. O. Box 2882-Natiol!afit,y : Filipino--BtiSineS8 Importers; Paints and oils, bondex and vil-tex, waterproof cement, plvwood, wallpaper and insolat.i ng board, Manufacturers; Paints__ Established: 1926--Pi'ul"'ietol" omd GeJlei"ul MUlloge)'; A. B. VillanuevaTelegraph Add)'eSB: "Villanueva," Manila-Codes wiled: All standard codes--Batlk Reference; Philippine National Bank.
L. R. VILLAR HABERDASHERYSP ORTING GOODS He(l,{! Office: 514 Rizal Avelvue, Manila-Nationality.- Fi\ipino-B'llsines8: Importer; R uberclasher).', sports wear, s porting goods and novelties -Establighed: 1925-P.,'opl-ietor: L. R. Villar-Telegraph Address: "VILLAR"-Code 1Ised: Bentley's -Bank Rt'fe l'IJllce: Philippine National Bank. S. K. WALTERS & CO., ING:. Heq.d Office: 156-168 Soler, Manila, P. O. Box 679-Natio nality: SWiss-Busi1!,ss,- Importers; Confectionery, groceries, toilet prep:arations and sundries-Established; 1927-P"inci~als; C. H, Din'i_ ehert, Manager, T eodulo Maniiigas, Secretary, Otto Steiger, TI'easurer-Telegmpil Addrcss; "STRETLAW."-Code used: Bentlzy's--Ballk Reference: CJ.artered Bank of India, Austl'alia and China. WASHINGTON GROCERY Head Office : 2",3 Echa~u (o, \{anila, P. O. Box 71-_"'ationalily: Chine ... e-B1{~il1t'SS: Importers; Groceries, fresh fruits 1\1l'(! V('IP'tables, and provisions-Establishcd: 1907- P"i?!cipuls; Ng Tip, President, Ng L ucn Fai, Vice-President, An N . Mafialac, Secretary, Ng Lun, Treasurer, Ng Tip, Ng Luen Fai, Ng Lun, Liong Siu, Ng Cheu Long, DireCtors-Telegraph Acldyess.- "WATIP"-Codes 1(sed; BentleY's- Baml. Refe"fmces: National City Bank of New York and China Banking Corporation. R
WEIDEMANN'S REPTILE LEATHER AND NOVELTY STORE
Hcad O/fice: 34 Isaac Peral, Manila, P. O. Bo'( 2!H I-Nat·ionality: German--Busille,s: Expol"ter i
Raw and reptile skins tanned, Manufacturer; Tanned and ready made reptile leather goods-Establillhed: 192I.L-P,·opJ·ielor: Robert Weidemann - Te/eg fap lt Addl'ettll : "ROWEI"-Code used: Bentley'sE(w!.: RefeJ'e1(ce: Philippine T rust Co.
557
WEINSTEIN BROS. H~crd Office: 619 Rizal Avenue, Manila, P. 0, Box 921-Natiollality: Filipino-Hllsinus; Importers; General merchandise, glassware an'li dry goods-Established: 1932-P1'opl-ietol''- Philip L. Weinstein-Telt'[1rtllJh Address' "WEINSTEIN" ?>Ianila-Ballk Rcfel'fmce: Philippine Natioll'al Bank. T. M. WEST, INC, Head Ojlic ~ : ]2.\ T. Pinpin, F' ~rnandez Bldg .. Manila, P. O. 110x 1972-Natio11fuil,y; AmericanBusiness: Importers; Max Factor's toilet preparations such as fAce powdel', creams, lipsticks, eyebrow pencils, etc.-Ellfab/,i s/ted: 1934- PJ'i)ICil)ai s: Mrs, Mercedes L. W~st, President, R. Blardon'y, Vice-President, Jose Sto, Domingo, Secretary, Mrs. Mercedes L . West, Treasurer, Mercedes L. West, R. Blarnony, Jose Sto. Domingo, Phil. C. Whitakel' and Aurora Navarro, Directors--Tefegrll1lft Address: "TOMWEST."- Codes used: Acme and Private-Ban!.- Refc"e1lce: National City Bank of New York. WEST & WHITAKER Hend Officc: 227 David, Manila, P. O. Box 1920-Nationalitll; American-Business: Importers and manufacturers' Agent; Household goods such as porcelain ware, glassware, silverware, toys, novelties and dl'ygoods- Establislted: 1928-Propl-ietor: s. Whitaker- Telegraph Address: "WESTMARK."-CQdes llsed: All sta ndard codes-BalIk Reference: National City Balik of New York. WESTINGHOUSE ELECTRIC INTERNATION· AL COMPANY OF NEW YORK Head Office: New York-Phili1'1J;11e Distributors: The Edward J . Nell Co.; Western EquiplnE:nt and Supply Co. WILBUR-ELLIS COMPANY Head Office: In su lal' Life R!rlg. , i\fanila, P. O. Box 1816_,Vutiol1ulitIY: Americnn-Bus-i1Iess; Importers; Fishmeal, castoI' oil ano cod liver oil, Exp(.rters; CoprA, hemp, lumber, cnp\'u meal, desiccatc-tl coconut an'd nil P. 1. ex pOl'!." elCczpt sugar-Established : 1931-PI'ill<"i/l<Ils.- Bn~yton Wilbur, Pres· icent, T. G. Franck, Vi('e-Prcsident, E. W. Lockwood, Secretary-1'l'easUl'er, Hood &. Strong. San Francisco, Auditors-Telegrctph Add"ess; "WI LBEL," Manila-Bullk Refe,'ellces: Hongkong & Shanf!"hl1i Bank an'd Bunk of California, San Franci!;co, U. S. A.
THE COMMERCIAL & INDUSTRIAL MANUAL 'THE W I ~IBLEDON !leoti Office: 318 Bustos, i\l!\!,iia, P. O. Box 198 -Not..iolw lity: Japanese-Business: Importers; Sporting goods-Establ1shed: ] 929- Pr07)rieto}'.Kiyoshi Osawa-7'eleyrU1JI! Adell'efts.' "OSA 'iVA " J)u?tk RcfcJ'encc : The Yokoham:l Specie Bank, Ltd. WR IGLEY'S (PHILIPPINES) INC. He«d Office; 5 El Hogar B/'lg., Mllnila, P. O. Dox 4 :~O--.N« tioJ/Qlity .' Americ:ltl- BltsiJ1688.' ImtOI'ters; Wrigley's chewing gum--Estabfishecl: 1931 - Princip«ls: Philip K. Wrig]cr, Presiden·t, Jose R. Samson, Secretary, J. 'V. Hoovel', Treasurer, ClaJ'ka & Larkin, Auditor-·'l'elegJ"£t7J!t Address' "SPBARMIN1"'-CodO!ls 'lI!1cd: Western UnionBalik Retel'ence: Nnti('lnai City B:lIlk of New York. YAMATO BAZAR Head Oflicc: 1..].2 Villalobos, Manila, P_ 0 _ Box
l088-Notiol!ftlily: J{lpu-oese-Bw::illeNs: Importer; Dry goods-Elilablishe(!: 1924-Prolwietor: Sen A..,dd)"ess: "¥AI\IATOH_"Euwada-TelegJ"41Jh Rwn/.: R eference: The Yok,ohama Specie Bunk, Ltd_ YANG KONG & CO. Head Office: :U9 Cln\'el'ia, Manila, P_ 0_ Box (}!I-Nil li01ll(/il..II: Chinese- Business: Impor ters; Gcn ~l'[Il merchandise, Exporte s; Philippine fruits F:sta bli3I!erf: 1923-Matla ge,·: Yang Kong-Tele . yl"alJh Addl"eNl1: "YANGKONGI'-Codes used: Bentley's, Pl"ivate-B(luJ..- RefereJlcts: China Banking Corporation and Philippine TI'u,:l Company. YlCK HING l-/l'fIrf Office: 234 T, Pinpin. )1anila, P. O. Box 3100-Nationa litu: Chinese-R1'I:iJIIlSS: lmpollters; Gcncl·a) mCI'chnnrlise-E'sta/)liRhcrl: 1932-Pl'inci. F/li!: Annnias Santos, Mnnag('I', Ysidro Yu, S.?cretal'Y, Wong Mon Nga n ; Chin Fee Tong, Cashiers'l'l'I egn!l>/i Add,·ess: " Yr CK H ING"- Code 1lsed: nentle~"s- 8fl1ll.R efel"e/lce: Philippine Nationa l Bank THE YOKOHAMA He(1(1 Of/ice: Paterno BId)!., Manila, P. 0_ Box 21 6-Nn.tiOJwlity: Japanese-BlLsilles8: Importer; Dry goods, toilet preparations. sufely ruzors and ::-.tutionel'y-Eslnblished: 1912-PJ-il!cipaIs: K. KoI tlUZlIki, Owner , N. Hayami. Mnnugcr-Tclcgl"aph A(ld"CRn: h!{OMAZAK T. "- 8rI1lJ,· Rcflll"Cllce: Phili llp:nc Nntionlll Bank. DOMINGO YU CHU H ead Officc : :15G Elcano. Manila, P. 0_ Box 1804- NfltiolJolity: Chincsc-B"simlllg: Exporters : ('ornl ftnrl I\bncn-E.~toblii'lhe(/: 1927- P ,·oll1-ie lor:
J ooming-o Yu Chu-Bank Refel'f')JiJ68: China Bank. ing Corporntion and National City Bank of New York.
Y U JOAQU IN & CO. (Grouorio Yu-Clwco y H o; l·6rlero~) Head Office: 219 SaIl' Vicentr-, Manila-Nalial'. u.Nty: Chinese-Busilless; Importers ; Shoe and slipper supplies, velvet and silk plush--Est.ablished: 1838-Mullager: Yu Tiao Kun-Bcwk Refel-eI1ce: China Banking Corporation.
ru
S I NG KAJ & CO. (Gw· flillfl Co.) Heud Office: 234 San Vicente, Manila-NettioJl_ a!1'fy: Chinese-Rusiness: Importers; Dry goodsEstabliFlhecl: 1922-P,·ol)J"iet.or: Yu Sing Kai-Ba.1Ik Refcrence: Chinn Banking Corpol·ation.
YU CHENGGO, C/o YU ENG MUY Head Office : 612·615 Gandara, Man ila, P. O. Box 1236-NatioJlulity: Fi lipino-BIISi'tle8S: ExpOI''''' <:1'5; Leaf tobacco and rice-E8tablished: 1924Principals: Enrique Taoque Yu Chell'gco, Proprietor, William Page, Auditol'--Tele.'1)-apll Addre8s: "YUCHF:NC"-Ba11k Refere)/ce: Bank of the Philippine I slands. YUOUANSE H DRUG CO., I NC. H (J(lft Office: 436 DaSmlll"iilaS, l\Iuni la, P_ O. Box 1761 -Notio1!afity: Chinese--BllkimlS3: ImportC!rs; Drugs and cbemiC!uls, patc!'lt medicines and t.oilet sundries- Rsta blish ed: 1!I21--P)·illCil)als: Yu I(he Thai, PI·esident, Yu Chon)! 'l'ek, Vicc-PI·esident, Marcelo NubIa, Secretary, Ty HIIY Guan. Treasurer, TelC.9rfl7Jh A(ldress: "CUANSEH."-D01lk Ref6"C)lce: China Banking COl"]loration. C. S. YUILL & CO ., LTD_ (P"Ol,,-;cton', PhiliJl1)il!eS GaM Stores) Head Office: 503·511 Calle Echague, Manila, P. O. Box 242-Nationality: English-BIl8i1!l!!88: Irnportel·s ; Refrigerated meat.<;, (luir}, products, fruits and vegetables. etc.-F.:Btabli811C'd: 1899P rofj)-ieto)': G. S. YuiJI-Tdcl1l"aplt Addre83: "STORAGE ".-Cude 1lsed: P,entle~"s-Ba)lk R~· fe)-el/ee: Hongkong & Shanghai Banking Corporation, EL ZEN I TH JEWELRY STOHE HCfld Office: 33 Escolta. Manila. p, O. Box '!.o7-N(ltiollalily: sWiSS-nIlBim'88: ImporlCr; Je"ell·y_ PJ"i1!cilJf1I8: Jncques Kyburz, Proprietor, F. D. Cook, Auclitor-Telegl"RJ)h AddresB: "ELZE· l\ J'rH."- BMlk rce/cl'''Rce: Notil)n,,1 City Rank of N<:w York.
EDUCATION IN THE PHILIPPINES DURING THE PAST 36 YEARS' OR PHILIPPINE PUBLIC-SCHOOL SYSTEM has been conceived, brought forth, and reared in one of the most interesting, most progressive. and most eventful educational periods in history-a period characterized by great educational experiments, researches, and surveys, out of which new and highly commendable ideals ryf the content and method of education have grown and still continue to grow. It is thus not strange that Philippine educators, untrameIled by pedagogic traditions and pedagogic conservatism obtaining in older countries, aIM privileged to found a new educational system on almost virgin soil, have been able to introduce some of the most valuable modern educational ideals, concepts, an'!.l practices into this system ten years 01' more before Iil;c tendencies excIted any marked degree of influence upon the content and method of education in other countries.
o
THE EARLY BEGINNINGS
POPULAR EDUC~ION in the P hilippines has been hailed with cnthusiasm ever since the day that the United States Army in the Il';lands, in 1898, !.ook the initiatory stell in opening schools to the mass of the people. The fact that the avowed purpose of the United States in the Philippine!' is to evelop the country into a representative democracy and the fact that the Filipino people look upon tf).e schools as the best means to this end has so greatly stimulated country-wide interest in education that truly remal'knble results have been acconw1ished. From its minute beginnings of about thirty-six yeal'S ago, the Philippine public-school system has attained a ~rowth that may best be comJlrehended when it is horne in mind that there at'e now in the Islan~s (!I1Ill"ch, 1935) 6,314 pl"imary, 1,249 intermediate, and 117 second:l.1"y and special school s, or a total of 7,680 public schools, with an annual enrolment of 1.204,4R5 chi ldren taught by 27,120 teachers. EDUCAT IO N TO ME8T PH ILIl'PI NE ECONOMfG NF.£DS
A NO SOCIAL CONDITIONS The new education ushered in with the American regime concerned itself at once with the actual problems of life, and acting in conformity with this idea, the Bureau of Education began as early as 1904 to make extensive inquiry into the economic needs of the country. In conducting the inquiry, it enlisted the cooperation and support of teachers throughout the Islands. the PUl"pos(' being to determine the lines along which industrial instruction • /JII I.llt/u. 11. Bcu>/ell
could most effectively 11I'~ceed and ut the same time be most directly beneficial to the people. Likewise, public-school men hen· have realized that success in edUCAtion must be largely dependent upon the extcnt to which t.he system can successfulLy cope with the problems of administration, supervision, and instl"l1ction peculial' to these Islands. Thr ough experience it has been learned that some of the ed,ucational methods most eHectively used in the United States cannot be used effectively here, Consequently, many of the methods t hat prove most successful in the Philippines are thosc which, though stimulated by exemplary work of the wodd's great educators, arc formulated in the light of local experience. By 1907 the Bureau had in operation certain well-defi ned polici es; find an extensive but elastic progr am of vocntional education, adapted to the diversified needs of the different communities, had been established. The cUl"l"iculn phlced narticular emphasis on inchlstrinl , !)h~'sicnl, and health education; on instruction in sa nitation; and on training in the duties of l'iti7..cnship. THE PUILIPPINE PURLIC-SCHOOL CURRICULUM
Th(: Philippine rmblic-!:'choo! curri('.ulum, as it is at present constituted, is made up of three elemental'y courscs-g-enerai, agl·icultural. tl'ade---and eight seco ndar~T courses-academic, general, normal, agricu:tural, home cconomics, trade, commercial and nautical. 'Vhile the genernl course does not so specifically offer vocational instnlction as do the other ('ourses, it does provide training in industry both
2
THE COMMERCIAL
&
for boys and for girls. It oifers instruction in hnndwcnving, gardening, hasketl'Y, woodworking, ironworking, etc., for boys. For girls, it of reI'S instruction in sewing, cooking and housekeeping, home nursing, hnndwenving, loom weaving, em路 broidery, lace making, crocheting, etc. VOC.o\"IOl'-'L AND HOr.'1E路EcONOMICSI NSTRUCTION IN THE SYSTEM
Popular sentiment with l'cfcl'cn('c to industrial education in our schools has undergone a metamorphosis within the last few years. Thcl'c was a time, not so very !cng a~o , when many of the par~nts objected to their children doing manual work at school; 110W, however, there are in evidence few if any snch objections, ll,osl; of them having apparently evolved into noticeable enthusiasm fot路 manual training in all its phases. Obviously. any chool system to be l-uccessful mnst take into accou t t.he opportunities for employment which the country's natural resources and consequent related indus~'ies provide_ Students of social life ano. economk d~楼elopment do not need to search far in the Philippines to find evidences of the many ways in which the public schools have directly influenced the economic factors of home
INDUSTRIAL MANUAL life. Filipino mothers show a commendable spirit of cooperation in introducillg into the home the new ideas brought to them by their daughters who attend school. Home gardens are now so common that it is difficult to tell just which gardens belong to school boys and which belong to the people. All nrc school gardens in type and by precept. The amount and variety of foods has incr eased many fold. The care ull'd attention given to the raising of poultry and other domestic animals is particularly noticeable. School boys and school girls feel that they have capabilities which arc worthy of con!lideration. They know that they can succeed in an undertaking because they have owned pr oper ty and have successfully managed it as a school ell'l:erprise. Their hands ha\'e hepn taught to respond to the m ind. a!ld the mind has been trained to direct. the hands toward gl'~ater effo;!ctiveness. TnE PHYSICAL-1'R.... INING PROGRAM The l'f:sults accr uing from the physical.training program being foll owed in the schools calTY with them sufficient justificatio!l for the placing- of physical education in the category. as far as importance if' co"cerned, with industrial education.
PHILIPPINES Physical education in some form or other is now req uired in ull l'ichools and a rating of C or 75 per cent in physical education is prescribed as a requirement for the promotion of all able-bodied pupils in every grade from the elementary Grade IV level to the Fourth Year, secondary, inclu!'ive. The Blll'cau of Education teachers' manual on physical education, which outlines an excellent course in this subject, has now been in use for eight school ~'ears. Duri ng this time, most of the classroom tearhers, upon whom rests the greatel' part of the responsibility of putting the course into effect, have become sufficiently familiar with it to use it with comparative ease and a highly encouraging degree
of effectiveness.
3
means of avoiding accidents and (2) training children to form habits and ethical standards that will give them the bodily strength to ward off disease. During epidemics, many of the schoolhouses have been improvised into hospitals, where teacher s have received patients, cared for them, and taught others to care for them. During the influenza epidemic of 1918, hundreds of teachers spent the gl'eater part of their time trying to save lives lind helping to cheek the s]ll'ead of the infection by nursing the sick, distributing medicines, and giving helpful advice to the people. li'or years our schools have been used as inter-agents for the distribution of educative pamphlets and publications on health measures and on common diseases.
PROCRESS IN HEALTH EOUCATION
EOUC.o\l'ION FOR THE NON-CHRISTIANS
The progress of health education may be tl'aced through two channe!sof endeavor. One of these is corrective and associat\s itself with such activities as ( 1) instruction in fil'st aid to the injured, (2) instruction in home nursing, and (3) active cooperation with other governmental agencies in the great work of caring for the sick during epidemics. The other is preventive and associates itself with such activities as (1) teaching childr en ways and
The extension of education into non-Chl'istian te~'ritory has nlet with much progress in spite of the adverse conditions antI hindrances connected therew ith. Among the many things that have m ilitated against the spread of edueation among non-Christians have been enmity and jealousy among headmen, inertia growing out of constant conformity with tribal customs, opposition due to religious beliefS, in,lifference due to ignCoranc~. impotence due to lack
4
THE COMMERCIAL & INDUSTRIAL MANUAL
of money, o:!tc" all of which have demanded different d(;grees of uttp.ntion at different times ar.d lit differcnt places, and will continue to do so until the last pcoplo of the remoter regions have been ]'eachcd hy the ?chool!'!, At first it was difficl\!t to get qualifie<1 teachers to go from the more developed and Christian communitics into the Jesser developed and non-Chl'istian communities to work among people of a different religion, different customs, and a different language. Hmvever, this difficulty has fortunately somewhat subsided, and sufficient numbers of young men and women in Christian communities now apply for teaching positions in non-Chl"istian communities to make it much casier to supply the demand, This of com'se has a tendency to raise professional standards among the tcachen employed in Ilon-Chrisrian school s. J1hc commonest type of t;;rhool now found :mlong the nr>n-Chri5tians is the< barrio type that is quite si]'n ilar in many respects, t''\ the ordinary rUl'al school in the United State!;, except that in this country morc attention is devoted to the ~aching of handicrafts nnd r.:ardeni ng, In H]e nexl\commonest type, the settlf'mcnt fa]'1ll school, the pl'inciple!! of farming and horticulture nrc taught ~rough actual field work in raising crop!;; in addit \on, stock raising is ~iven a certain amount of atte.ntion, though on a sn!aJ! scale, The training that pupils at settlement farm schools l'e<:eive gives thcm a knowledge of method!' in simplc farming that will help them accomplish much better things. Briefly then, the work of the educational system inc!lHl\?s t he orgnnization nnd conduct of: 1st. Primary schools which offer a four-yea]' course providing instruction principally in Engli!On, 5impie :ll'ithT'f1{'tlc, geography; tho:! \'udiments of S('Imf! useful OCC~\ p.\tion (in路 dUstl'ial work): allt! ol'l!anized oil.. y ~nd athletics, 2nd. IntermediatC' schools which give thl'Cf:: ,years additional instruction and which lay great emphasis upon vocational trai ning, including a general course, a course in farming, and a tracle course , 3 ]'(1, Sch(lols of secondary grace offering a reg'lilar high-school course of four ~'ears. modified in certain special schools to conform to the nims of such institutions as the Phil-
ippin'e Normal School, the Philippin'e School of Arts and Trades, and the Philippine School of Commerce. The institutions which come under the heading of special Insular schools are the Philippine Nomlal School for the tl'aining of teachers; the Philippine School of Arts and Trades, which maintains secondary and collegiate courses in its different depart:.ments; the Philippine School of Commerce, which provides high-school courses in commercial subjects; the Central Luzon Agricultural School, which is the highest school of this type under the Bureau of Education; the School for the Deaf and Blind in Manila, which takes care of a limited number of defecth'e children; and the Philippine Nautical School, providing for the nautical profession, which has a big place in the transportation problem of the country, CO}o1 MON LANGUAGE AS A MEDIUM OF EXPRESSION Besides making pupils literate, teaching them vocations, developing their physique, assuming much responsibility as to their health, instilling into their minds ideas of patriotism a r:d ch'ic virtue, developing in them th~ right attitude toward manual labor, teaching them how to spend their leisure time profitably, providing means for after-school education, and stl'i\'ing to create a more enlightened public cpinion, th'e Philippine public schools have devoted themselves most persistently to the coli ossa I task of e!'!taolishing English as the common language of the people to tnt' end that the different clements of. the population may come to understand each other bette r a nd thu s be drawn into dosel' union A
It was with the establishment of public school!'! that t hc organ ized effort to teach English was inaugurated, Teachers from the United States weI'(' brought to the Islands, and theil" mission was to serve the best interests of the people by givinC!' them popular education and b)' assisting them to develop a nation with an adequate lanJrUage as the common me(lium of cxpl'eRSion. To-day, not only Americans but also thousands of Filipinos teach English and use l"~nglish as the sole medium of instruction in the puhlic schools. Of t.he 27,120 teachers in the public schools at the flrc!'cnt time there arc onl r 156 Amel'icnns,
PROGRES:; 11' EFFlcr拢NCY The gl'C'atcs!: task is to bring noout tL gcMral c(lnsciousness of educational needs and educational
PHILIPPINES urt)bJ'!ms.
That. this consciousness is
aroused.
5
there
THE LEGISLATURE'S GENEROUS SUPPORT OF EDUCATION
is no doubt; that it shall be everywhere actively at work, is the fond hope of all who are sincerely interestP.d in these Islands.
The representatives of the Filipino people have ever shown their interest in the extension of popular
Few people in the Philippines realize in full what free education for aU means in numbers of pupils and of schools, and in the amounts of appropriations nccesSl'lry to secure this ideal, though the desire
to undergo whatever sacrifices arc necessary to open sufficient schools for all children of school age nas been, and is to-dny, expressed in all parts of the Archipelago.
education by appropriating funds in stead il y increasing amounts from year to year fOl' the support of the schools, Among the outstanding legislative enactments most affecting the work of the schools during recent years is Act No, 2782, commonly known as the thirty million-peso act, the operation of which has clone more toward increasing enrolment in public schools than is commonly supposed-and would have done even more if subsequent financial difficulties had not interfered,
PRIVA'FE EDUCATION IN THE PHILIPPINES ' BEGINNINGS OF PRIVATE EDUCATION 1
RIVATE EDUCAT~N in the Philippines h:.!~ been existing as early a s the si xteenth cent ury. The first schools that were opened after the Spanish occupation of the Philippines were Catholic missionary schools. Instruction in Cnristianity and the three R's in the Spanish
P
language were emphaSized. The Christian Doctrine was the basic used in the schools . Music mainly by the rote method was given, so were Writing and arithmetic but these two
in a limited degree, because of the lack of t~'ained teachers and writing materials. Although several royal decI'ces for the dissen:ination ot public education had been promulgated by the mother country from 1565 to 1768, these decrees werl? not carried extensively and popular educaticn was llot given above the primary grades until 1591 when thru the insi!'.tence of Governor Dasmarinas the encomendores were compelled to maintain schools. THE INCREASE of Spanish and Filipino youths who desired to pUl路sue prepan:.tory courses leading to the training for the ministry and the higher profcssions created a demand for schools above the primary level. In response to this demand. the Jesuit Fathers established in 1585 in Manila the College Seminary of San Ignacio, the first secondary school in the Philippines. In this school Latin grammar, rhetoric, philosophy, theology, civil and canon laws were taught, Another college called the College Seminary of San I1defonso was opened by the Jesuits in Cebu, and the College of San Jose was opened by the same order in Manila in 1601. In 1611 the Dominican Order established in Manila the CoJegio de Ntra. Senora del Rosario. This was olso a secondary school, giving instruction in Spanish
and Latin grammars, elocution, logic, philosophy and Greek. At a lattel' date the Colegio de San Juan' de Letran was opened by the Dominicans. All these Catholic missionary schools were giving secondary instruction and were mostly supported by the orders founding them and from private donations in the form of money, goods. or lands. The increase of secondary schools led to the founding of universities. In 1626 the College Seminary of San Ignacio was authorized by the P ope to confer degrees. raising it to the level of a university. In the same year the College of Santo Tomas was also authorized to confer degrees. Thus as eady as the first quarter of the seventeenth century higher education was given in the Philippines under private auspices, I AbonB, Hi. tory of Edu~a tion in \ht Philippi .."".
6
THE COMMERCIAL
&
Side by s ide with these schools that were opened for boys were schools established for girls. The Convent of Sta. Potenciana, the Colegio de Santa Isabel, the Beatcl'io de Sta. Catalina, the Beaterio de San Ignacio, the Beatel'io de San Sebastian, the Beatel'io de Sta. Rosa, the Beatcrio de Sta. Rita were the first schools established where women students could be educated. It was in the middle of the nineteenth century when the Central Government started to give morc definite SUppOl't to public education. In 1863 a royal decree was promulgated, ordering the establishment of a normal school in the city of Manila. From this date on private education has co-existed with public education.
TOWU1'd the cl9se of the Spanish regime in the Philippines. private schools inCl'l~ased in number; almost every town had lJarochial schools and lay pdvate schools. Thi) increase of private !i:chools led the government to give them some kind of super· vision. The Rector of the University of Santo To· mas was ex·officio the pril:'lcipnl of all schools. As there was no separation of state and church durill~ all of the Spanish regime, it could be assumed that this pOW2r of supervision given to the Rector of
INDUSTRIAL MANUAL the universit.:; of Sl\nto Tomas was ah;(' the govern· ment supervision. Aftel' the American occupation, however, many of the Spanish schools that closed their door!l dUring the war, reopened. Filipino {'du· catol'S had also opened private schoJols. After the establishment of the civil government in the Philip. pine!':, many Filipino am! Spanish private school s were opened. Most of these Spanish schools were run by religious orders. The schools run by FiJipi. nos were generally handicnpped by lack of adequate buildinss and equipment. Finance was their main prohlem. Keen competition existed among these private schools resulting in th(:: sUl'\·ival, not of the best private schools, but of the worst schools. 'fhe public is not yet trained to be a good judge of goon schools, and students were eas ily mi sled into enroll· ing in schools of vcry low standards. The schools run by the religious orders could sUl'\'ive the com· petition but the pl'ivnte non-sectarian schools could not maintain adequate stan dards against unfair com· petition of the cheaper school s, A kind of govern· ment control was felt necessary to regulate the situa· tion. The first step toward this end was the pas· ~age of Act 1459, commonl~' known as the Corpora. tion fiaw, in 1907.
PHILiPPINES REGIHNING OF STATE CONTROL (IF PRIVATE EDUCATION
Act 1459 gave the Secretary of Public Instruc路 tion power to grant in writing any duly incorpor ated college or university the authority to issue diplomas or confer degrees without these colleges being required to be under the direct supervision of the Department. This Act, however, was not effective enough to regulate the situation. In 1917, therefore, Act 2706, as amended, was passed. This was the basic act under which the Department of Public Instruction admini stered the system of recognition of private schools. Under it, the Secretary of Public Instruction could confer upon private schools having recognition certain privileges, the main one being the right to have their pupils accepted in public schools with recognition, in the corresponding public schools, of the credits they earned in the private schools. It entitles pupils from these recognized ~chools to the pl路ivile~ of taking the civil service examinations. It exacts, in return for this privilege, that these schools must meet the minimum standards set up by the Secretary o!, Public I nstruction, and must follow such regulations as are newssary to make the system function properly. The omy weapon at the disposal of the Department of Public Instruction in seeing that privafe schools having re-
7
cognition observe the minimum stimdards prescribed, is the withdrawal of recognition. Without the exercise of th is weapon many schools refused to make any of the improvements necessary in order to meet the minimum standards. There were in fact some which refused to make the improvements until they actually lost their recognition .
Act 2706, as amended, does not prohibit anyone from ()pening private schools without government recognition. Schools that lose their recognition are not devrived of any right to operate as unauthorized private schools, nor are they pr evented from making the: necessary improvements and regaining their government recognition. Hundreds of private schools are operating without government re('ognition: many of the.!:e schools, including a few good ones, have always operated without government r ecognition. Many elemental"), pl路iYate schools have g iven up their government recognition or operated without government recognitiorr in order to operate more cheaply as unrecog nized school s. Many private schools in the Philippines operate in au'y way they see fit. The Department has no contl路ol or supervi sion oyer these unrecognized priVate schools, Dnd cannot close them. Obviously, this method of govemment control over private schools could not make the entire private
COUOIO DB S .. ST ..
Is"nl.
THE COMMERCIAL & INDUSTRIAL MANUAL
8
S<!hool system amendable to good standards. Neither could it safeguard the interest of the part of uninformed public which patrotrizes them. Numerous complaints against the malpractices committed in t hese unrecognized private schools reached this Office from their victims. This situation in the system of unrecognized schools caused the patsnge on November 13, 1936 of Commonwealt.h Act 180 amending Act 2706. This new law, although will not perhaps completely curb the exploitations of t he unrecognized pri vate schools, may tend to minimize them. IMPORTANT RECENT CHANGES IN THE PRI VATE
SCHOOL LAW
Foremost among the changes made in the law is the pl'ovision of Section 3 of the Act. It reads: .. Al1J.· person or group of persons desiring to open or estnblis h a private school or college must fi rst sel'ure the perniission of the Secretary of Public Instmction before ope{ling or establi shing the same " This proviSion makes it compulsory for per sons 01' group of per~m s who want to establish a private :\chool 01' colleg'e., to secure first the pe"m hdon of the S(· cl'e t~ry of Pu blic Imtl'uction h efol'~
. • a. 1I
,
they can open or establish the school. Before t he passage of Act 180 a private school or ~ollege can be opened by nny person or group of p('l'sons Without being requi red t<l secure the Ilermisl'ion of the S('cret.'l.ry of Public Instl'Uction. The new provi!<ion is fut'ther str l!nAthened by the ndc!itional cJnuse: "All private schools ~nd coJJege~ already opened or established before t he approvai of this Act which do not come under the supel'vi!:ion of the Secretary of Publie Instr uction shall meet all the requirements of this Act before June, nineteen hundred and t hirty-e:ght. Fnilure to do so will subject the person or persons directing or managing the same to t he penalties provided in section twelve of this Act in addition to the closure of the school, college or institution co ncerned." While these new clauses would compel all privat e !Cchools a nd colleges to secure t he p ~l'mi ss ion of the Secretary of Public Instruction before they can be oper:ed, t he definition of a private school or coll ege under the Act pal·t1,..· negatc!s t he! compulsory provis ion of the law quoted abo\'e. A pri vate school 01' college a s defined in the private school law is "deemed to include any pr ivate institution for teaching, managed by private individual),: 01' cor porations, which is
.
U~... os
Hlon
S CHOOL
PH ILIPPINES no t subject to the authority and regulations of the Bureau of Education or of the University of the Philippines, or of the Bureau of Public Welfare, and which offers courses of kindergarten, primar.y, intermediate or secondary instruction or special schools by which diplomas or certificates are to be g l'anted 01' titles a nd degrees confencd." Clearly, under this definition any private institution for teaching which does not issue diplomas or certificates or grant titles and degrees need not have the permission of the Secretary of Public Instruction it can be operated as required in Section 3. Apparently this is a loophole in the law. This weakness of the law, however, will be partly r emedied by the fact that in the Philippines no school, vocational or academic, can get the patrona!!e of the public unless it issue certificates and diploma ~ or confer elegrees anel titles. So what will
9
a ctually be saved from th.is l'equirement of the law are mostl~ schools that will operate primary grades where certificates are not generally issued. l';NROLLIIIENT I N ApPROVED PRIVATE SCHOOL CoURSES
As to be expected the enrollment in private schools fluctuates with the prosperity of the country . Tables I and II below show the comparative enrolment in elementary, secondary, collegiate, and professional and technical schools every year from the H12627 school year to the 1936-37 school year. It will be noted that the enrolment had steadily increased during the years of prosperity, but dropped off considerably during the years of depression. 1t is expected, however, that t he total enrolment in private schools and colleges during the school yeal' 1937-38 is around 114,000.
Commonwealth of the I'hilippinl!ll DEPARTMENT OF PUBLIC INSTRUCTIO" OFFICE OF PRIVATE EDUCATION "IBniln
)!E.\IORANDUM ~o. Ii s. 1936
Oeco.uber
'1'" OirMto", of Pr;" .. te Schools: The lollo",ing figures sho'" the onrollment in approved priv8te school courses frOll> t·he 1929·30 .choal
I.
Intermediate ........ .
~~r;~1::! 'Cui~ur~i:'
Teohnical Sc hoob. :'o1i!celh.neou8 .......... . Collegiato Sumn.ct ...•. Seoondary Summer for Tenohcrtl.
33 t 6 1 13886 33688 2771 952$ 584
..
Co'"rnerce .....
DChti~t.y •. E:o.iIlQ(ltion. . Enllinccrin" .• Fine A r ~ . . . . . . . Inti. Che.nietry ..
"":'otooieinc. .............. .
Sorrn"l ......... . • .... .
~~!~;:,':~;;. ::::.:.
J>".t Or"d""t ... 1'~W'l1.
>0'
""
1226 1103 2500
""
12115
"" 486 8"
"
062~
IT
}'c~r
t o the 1936-37 ,chool yellr:
1930-81
1981-3e
19811-38
34123
35192 14255 349S1 3309 12040 652 304 1
34(177 529 11 30875 3086 liSt S .108 3089
141~ S
35903 29H liMO ·192 2704
'"
102413
104185
'"
1988-34, 3100S 1430 t 2973;; 3229 1O~03 ~OO
2-151
'00
/9U--.!6 331017 13637 2610 1 321S 1I06S 5(12 2231
CoSTS THE
,OJ
267
""
3;, 223·1
"
I(lH
90~
1182 2667 1193 1503
,,. "" '" '""
GOVERNMENT TO
"
37
2109 733
2499 10186
200·\
1589 1037 456
1682 IIS3 605 .\73 1:1
'" no
>OS
11010
,>0
120·\0
SUPERVISE
THE RECOGNIZED PRI VATE SCHOOLS
The Department of Public Instruction was allot_ ted in the 1937 Appropriation Act a total of P53,837
1499
'"
105
I1<i45
'"33 ,OJ
1988-87 36 133 IS)36 2J768 2$SI 13703
'"
2780 249
90SIIG
99392
102096
198;;-30
1980-3,
50S
""
201;!
1822 1219
2060 1358
'" '" """ '" "
·166
·163
on
"
701:1 163
10903
llOOS
'"
36023 155j$ 28532 3366 12-1·10 330 2soti 30i
1070 i3G IH9 1521
OS,
1986-30
302
I I. ENROLL:'oIF,NT I N PROFESSIOr<AL AND TECHNICAl. COURSES (Inclml('(1 ill the ~bov~ lot"ls) 1919-80 19$0-81 1931-Se 19$>!-311 1938-84 198 4-86
,\ rchiteolu rc .. . ll. S. in H . I~ .... . 11. S. in Mu~ic ..
\\ HAT
'\'
1065 93618
Nu~in"..
H13(;
TOTAL E\.'ROLI,;o.rENT I N APPROVED PRIVATE SCHOOL COURSES 19U-80
1',;m.. ry •...•.
,\~ron~nti.,.
~_
PRIVATE SCHOOL ENROliLi\lENT
" 'OS '" ." '"no """ '" '"""
132
'" '"" '" '"
2508
2705
1903
2126 S 293 2679 ISOS
2353 tHS 0172
12·10010
'" ""
"
802
2~3
13703
fol' the supervision and inspection of recognized private schools. DUl'ing the school year 1936-37 the total enrolment in all private schools and collages r ecognized by the government was 102,096. The gov-
THE COMMERCIAL & INDUSTRIAL MANUAL
JO
crnment, in other words, contributed u little bit over half a peso for the education of every pupil and student enrolled in private schools and colleges in the 1936-37 school year. If the same number of pupils and students were to be provided for in gOVC1'1lment schools, the government would have to spend Pll,OOO,OOO. This is based from the cost of public education computed in the Monroe Surve:, Report. This amount of over eleven million pesos )'cpl'csents o~ly the current operations and doc~ not include the enormOtlS outlay for buildings and original equipment. It is estimated that in 1938 no less than 200 school~ wil! come under the system of recognized pl'ivate school s. These and the more than 400 schools that are now under government supervision will surely need more than the present outlay to give them even only the minimum supervision.
l\L\I~
PROBLEM OF ~!m'ATE SCHOOLS IN THE PHILVPI NES
The big problem c.onfl"onting private schools in the Philippines is that of'Iinance. Unlike private institutions in the United S~ates which arc liberall~' endowed, our private schools, except some of those run by religious orders, ha e to depend mostly upnn' their income collected from the> students' fees. This is indeed a very big handicap under which private schools in the Phil ippines labor. In the United States tuition charges in private schools and colleges range from two-hundred to one-thousand pesos a year. In the Philippines the tuition charges range fronl twenty to three-hundred pesos a year. Although the cost of operation in the Phil ippines
is relatively lower than that in the United States, it is not possible to employ with this limited income good instruction, and to equip schools with good librar!y and laboratory facl li tics, without other sources of income. THE
CONTRIBUTION
AND
SPECIAL
FUNCTIONS
OF
SCHOOLS IN THE PHILIPPI NES
The state-supported schools and institutions of higher learning are generally open to the masses of both sexes, regardless of the stra ta of society wherein they belong. In the Philippines, as in othCI' countries, there are parents who do not believe in co-education and therefol'e send their childl"en to exclusive non-coeducational schools. Thus we have in the Philippines many private school s ancl colleges which al'e open to boys and gU'ls coming from well-to-elo families. Most of these schools are boarding schools and are in the majority of cases, secbrian. They oifel', besides the general courses of instruction, specialized studies in music, household and fine arts, languages and l路eli ~on. There arc some schools that give commerCial and vocational courses such as printing, fanning, bookbinding, etc. The foregoing shows how much in terms of pesos the private schools save yearly for the government. More than this saving to t.he government. there are intangible contributions which the private schools render to the public. The spiritual uplift and the training in the social graces that the pupils receive in some of the private schools and colleges are valuable services rendered by the private schools to the people.
CENTRO ESCOLAR UNIVERSITY HE CENTRO ESCOLAR UNIVERSI TY is a Private University founded in June, 1907 by a group of Filipino women headed by a pioneer educational leader, the late Miss Librada Avelino. whose life is the animating cause and whose name forever will link in the history of this institution. The establishment of this university, formerly the Centro Eseolar de Seiioritas, which was operating only the kindergarten, E lementary. high school general course, all'(l severa l home a l'ts courses, but now conducting complete collegiate artd technical courses duly recognized by the government, marks a 8ignifica nt phase in the history of the educational progress of the Filipino women and the Filipino nation.
T
I N JUNE, 19 ]0, AND .JUNE, 1917, the first classcs for a two-year high School Commercial rourse and a three-year Dom拢>stic Science course,
respectively, began to operate. The graduates from these courses proved to be of ~reat service at home and in practical life. Later both courses were
PHILIPPINES made four-year courses having the same standard and academic requirements as the regular high school general course. In June, 1921, the enrollment increased enormously, and in response to the insistent request of the parents of the high school graduates, the College of Pharmacy was opened. It was at the beginning a three-year course leading to the Title of Pharmaceutical Chemist, but later, it was made a four-veal' course with the Degree of Bachelor of Scien~e in Pharmacy (B. S. Phar.) after graduation. The next university course founded was the College of L ibel'nl Arts which began from the Pre-
paratory courses, such as, Pre-Law, Pre-Medicine, and the general preparatory course leading to the Title of Associate in Arts (A. A.). Years later, the College of Liberal arts opened complete courses leading to the Degl'ee ;}t Bachelor of Art;; (A. B.l with English, Journalisn~ or Philosophy majors; and a four-year course with the degree of Bachelor of Science (B. S.) majoring in Chemistry Ot路 Industrial Chemistry. In 1924-1925 the College of Education followed offering complete courses for Normal general and Home Economics with Elementary Teachers Certificate (E. T. C.) j a four-year course in Education proper with the Bachelor of Science in Education degree (B. S. E.) j and a four-year course leading to the Degree of Bachelor of Science in Home Economics (B. S. H. E.). In the College of Education a student may major in any of the different high school subjects require'd by the government, and in other optional subjects as, Art Appreciation, Dramatic Art, JOUl'nalislll, Commereial Training, Retail Mer chandising, Physical Education, Library Science, foreign languages (French or Spanish), social wOl'k, or in other subjects that may be of service to the students after gl'ad,uation in the field of teaching as well as in any other kind of work that may need them. To improve teacher-training, the College of Education opened a Post Graduate course leading to the Degree of Master of Al'ts in Education (M. A.) after one year of study on Educational Research, Philosophy of Education, ComparatiVe Education, Curriculum Construction, Administration and Supervision, Tests and Measurements, and upon the pl'esentation of a well-prepared thesis in the major subject of the candidates for graduation in the master's course.
11
During the school year 1925-1926 the College of Dentistl'y and the College of Law were intro_ duced. The first, issues Diplomas for the Degree of Doctor of Dental Surgel'Y (D. D. S.) which was later changed to the degree of Doctor of Dental Medicine (D. D. M.) making it a four.yeal' course; and the second, the College of Law, with the regular four-year course issuing the Diploma for the Degree of Bachelor of Law (L, L. B.), and a P ost Graduate course with the degree of Mastel' of Laws (L . L. M.). From the school-year 1927-1928, the Centro Escolal' University acquired the ownership of the Escuela de Derecho de Manila now known as the Manila Law College, and this is the College of Law of this university. 1t was in the school ;yea r 1929-1930 that the College of Commerce and Business Administration was opened. It ha s a four )'eal' course leading to the DegTee of Bachelor of Science in Commerce (B. S. C.) after completing its two-yeal' preparatory course with the Title of As<;ociate in Commercial Science (A. C. S.). Recently a one-year course in Collegiate Secretarial work was added as a commercial course. With the opening of a College of Optometry in June, 1930, the Centro Escolar University desires to serve the interests of the public by turning out Optometrists and Opticians scientifically prepared. In the Philippines, Optometry, as a profession, has not as yet be{!n placed on the same standard as other professions as Medicine, Dentistl,y and Pha\'macy, but the importance, delicacy and sensiti,'e.. ness of the organs of sight, deman'd a ca l'zful study of its nature and the means of b'eatmcnt, making the course equally impol路tant as other professions. It is a two-year course after the Hi gh School graduation and offers the Title of Graduate in Optometry. The College of Optemetry of the Centro Escolar Un'iversity is the only onz of its kind in the Philippines, and like all other COUI'ses offer ed by this university, it is fully recognized by the government. This heing so, it remains a coeducational school , giving the opportunity to both women and men to acquire a scientific kn'Owledge of the organs of sight, and further, providing them with another field for educational expansion and other means for a good living. The Centro Escolar University, with the view to educating the different classes of women with the different vocations they may like to specialize in, is also conducting a Conservatory of Music and a
12
THE COMMERCIAL
&
Department of Vocational Education, both approved and authol"ized by the government to issue Certificates and Diplomas. The Conservatory of Mu sic offers courses leading to the Music Teacher's Certificate, Bachelor of Music, and Mastel' of Music in Piano, Voice Culture, or Stringed Instruments, upon the compliancE' with the COUI'ses of Study and requirements fOl" graduation. The lIniversit)" ha s a select choir of hundreds of voices and a well-prepared "Rondalla" or String Band of women members. The Department of Vocational Education offers COlll'SeS that ma~' be finished in short periods of time ill o\'der to provide women who do not inoond to pursue any acndemic career with the work that may be of service to them inside 01' outside the home. Among'\, the various courses offered in t hi s department n~ StenOll:Taphy, T ype-wr iting, Painting, Cutting and\J)rcss-Making, Home Decoration, Haml and Macl~.pe Embroidery, Al'tifidal Fruit nnd Flowcl'-MalOng, Special Course in
INDUSTRIAL MANUAL Cooking and Fruit Preservation, Toilet Preparations, Manufacture of Food Products, and other industrial preparations as ink, paste, wax, textiles, and otbers that may enha nce the industl'~' of women in the Philippines. Lately Home Nursing and First Aid and Emergency courses are intr oduced in lieu of Militar\' Training for men given in other universities and colleges, and as a par t of the Physical Education course required of all s tudents in the High School and Collegiate Departments. The Centro Escolal' U n iversity, worki ng for thi rty year s already, and with the sole object of developing cont inuously the growth of Edueationol progress of women in the Philippines, without forgetting the traditional Filip ino women traits, feels proud of the thousands of students that have em-oiled under its auspices and of its products t.ho!; are successful in theil' chosen professions and are enjoying happy lives in theil' homes,
FAR EASTERN UNIVERSITY STAB LI S HED in 193<1, the Far Eastern Unhel'sity i~ the result of the amalganmtiolY of tW(l welle::;tablished colleges, the Far Eastern College and the Ins titute of .-\c.:ounts, Busines!1 and Fi nallce, the first n liberal arts college and t he second a business Institute. It is also the pl'oduct of the gl'owing demands of the countl'Y fol' un'inl'!1ity in);tJ'uction of a h igh sta ndal'{l, and incbpend(>nt of political and church influences, Education is 1\ nmtter of growth and must su it the specific necds of ihe pel'iod. Them,' if; no instrument for social dil'eeLion of more far-rca ching and permanent impol'tan'Cc than the sch ools, If the ])l'imal'Y and sccondal'y sehools form the basis of education, the u niVcl'sitoy forms t.hc nppcr ~tl'ucturt..' \\' hich givcs it b~auty, charact.cr and significancc. But thc edifice m\l::;t su it the changing demands of t.he time; and in no pel'iod in human' history docs th .:- wodd demand newel' ol'ientatiOIl and I1CW~t' objec-
E
tives than at prcsent. THE RECENT SOCIAL SYSTE:\IS, the existing principles :m,l idell.ls of l)olitics and business and the l)l'evailing theories of social organization seem totally ullsuited to pl'zsent. needs. The practices which have been favorcd f ol' centuries arc now being disc2.l'(]ed, I foul' lU'eselit social organization has proved largely a failUre, Olt!' higher ill'~titutions of I<!aming mu st have contl'ibuted to that failure, This is a challenge to nll universities. If education is t~ continue .t.:.lking an active purt in shapi ng the des.hny of nations, p1'ivnte in'"titutions must expand and develop to meet the ll;!Wer demands.
I NSTITUTE OF
AnTS AND SC IENCES 1"1:' . . . :0<('ÂŁ
INSTITUTE OF ACCOUNTS, BI.iSINE~S, AKO
Economic problems, grave and seriou~, ("nf!'ow the Philippine!; and must be solved if the countl'f i~ to succeed, The high ~ r institutions of lean1ing mu~t ~ivc theil' shnre in this work. The success of th{' Im;titutc of A(,collnt.~ attests to the desit' .... of the youth of the cou ntry to g~t sound business t1'llinin$:'. It will continue its work as the premier business colle~e of the cou ntry. I ts courses will be j!'reaU~' stl'cngthel"tCrl with the addition of n2w onC'S and thl"
PHILIPPINES appointment of other faculty members of weJl-known records and attainments. I NSTITUTE OF LAW
The Far Eastern College has been turning out hundreds of preparatory law students and has long felt tire need for a law school of its own'. Beginning June, H134 a law school was opened urtder the name of Institute of Law. Besides the law coul'se proper, a combmed course in law and business is availahle for students. There is an intimate link between business and law under modern conditions. Most lawyers feel the need of knowledge of busines!; and economics; on the other hand, many bm'iness men have found the lack of the necessary knowledge of law a big handicap in theil' business dealings. The combined six-yea ]' coul'se in law and business will enable the studen ts to get t heir degree of bachelor of science in commerce at the end of the fourth year ami. th eir law degree at the end of thp sixth year.
13 INSTITUTE OF EDUCATION
The Institute of Education is conducted for !\tudents of education who want to get the degree of Bachelor of Sciertee in Education. It is specially designed for teachers who want to major in matheMatics, social science, economics, history, law and govermnent, Engli sh and home economics. Under the Institute of Education, there are offered sev(n'al special COUl'ses such as Cookery.European and Chinese,-Dressmaking ("Corte"), ,Ind Interior Decoration. INSTITUTE OF TECHNOLOGY The Institute of Technology, the latest Institute to be organiz'2d in the Far Eastern' University offers a four-yea]' COUL'se Icading to the degree of Bachelor of Science in Civil Engineering. This Institute is organized in l'<lSpOn Se to the demands from students who wish to obtain a techl1ieal education in the Fa!' Easte!'ll University.
NATION AL UNIVERSITY HE '''HOLE HISTOR v' of the National UllLvel'sity is inseparabl y linked with t he life of the founder and bui!del' of the institution, t he late Comptroller Mariano F, Jhocson, Just after the establishm el~t of the Civil Government in tr.e Philippines, Comptroller Jhocson e~tablish ed and organized in the district of Santa Cruz, City of Manila, a small school, the Colegio Fili]}iuo. It began with harely a score of students who were enrolled in the elementary and secondary courses. Five years later, the little school underwent n minor change in name. What was formerly called the Colegio FiNpino ue::ame known as the Co/cgio Mel'c(lntil. The change of namc was made necessary because 0:£ the modificatioll of the school cUl'1"iculum, From the gell'Cr al elemental'_Y and secondary instruction which it offered during the first f ive years of its e~istellce it was changed to the t r aining- of you ng men in commerce, bookkeeping, und accounting. After two years, however, the Colcgio i1IeJ'CQmtil a gain gave pl'i.lmry and secondary coul'ses, besides bookkeeping, accOllnting, and commel'ce, the Illan of which was bU1)ed on the traditional system which prevailed dUring the Spanish regime, The subsequent liberal mOVeml-:It of thought among the Filipiuos brought many change.:; in' the curricula and discipline of the col lef:e, From 1911 to 1913, though the medium of in~h'uctiQn was Spanish , the courSf1 of study was similar to that given in the public SdlOOI!i in the PhiJiJlpines.
T
IN UIl3 this college again underwen t a radical change both in instruction and method_ The instruction which was g iven in Spanish was supplanted by English, and the method became more modern, Ever since then, the school has given its instl'uctinn in the English language, It wus Oil':>
of the first private flc h ool~ in the Philippines organizc.d and incorporated undel' Act 1459 (The Corporation Law) that was authorized to confer diplomas to its gl·aduates. With the passing of the years came progres!Oive evolution in the method of instruction ;11 th(' schoo!
14
THE COMMERCIAL & INDUSTRIAL MANUAL
-the acquisition of qualified teachers, and the establishment of su itable buildings provided with up-ta-date equipment and fs.cilities. The College did not only undergo changes in its internal organization but also in name as on August 1, 1916, the Board of TI'ustees, after due deliberation changed the title, Colegio Mercantil to National Academy. Then came more improvements and expansion. The Philippine Law School was founded, incorporated, and opened to students in June, 1915, by Comptroller Jhocson and the Laeson brothers a s an answer to the demand of the increasing number of high school JP'uduates for un evening English law school. On February 7, 1916, nine months after its opening, the college was accredited by the GO\'E'l'nment and in Hl21 became the College 0/ Law of the University, Jts early work was conducted with the advice and ssistance of five members of the Manila Bal', As 't was organized to meet t he growing demand for a st.rictly technical school furnishing the highest gr~de of insb'uct.ion in legal matters, it had outgrown its quarters after the first year in such a way that it had to be trans路 fen-cd to its present location, especially al'l'angeci and equipped to meet the l'eq 'rements of a modern law school. Hardly a year elapsed when a g reater need for further expansion was felt, the establishment of a course in liberal nrts and in education, and the Board of Tl'usteeg, always conscious of its duty to mcct a public demand, decided to estab]j;:h the collegiate department of the Natio1lal Acadf'JltV on Apl'il 15, 1917, This department was accredited hy the Department of Public Instruction on FebI'lIal'y 15, 191 8, and became the College 0/ Lib~1"al A ,'ts of the University, 'I'he most important aims of this college are to prelllll'<! students fol' professional cou r ses and to provide a place of instl,uction for general culture and higher libeml ads education essential to efficie nt citizenship and leadership in the community, The degrce of Bachelor of Arts (A,B,) was confel'l'ed to students on the completion of two years of specified work, but in order to place this co!lege upon the rank of United States universities, two courses are offered, one leading to the title of Associate in Arts (A_A,) based on the completion of two year's work, and the other leading to the .degl-cc of Bachelor of Arts (B, A,) based on the completion of four year's work.
After the foundation had thus been laid, and the policy of including within it a group of more technical and professional colleges had been determined, the Trustees, on January 17, 1921, reincorporated the Natiollal Academy and had its name changed to NCitiolial U1!iversity, The new institution' began wOl'k as such in June of the sam~ ye:'l.I', With ~he fil,:;t set of graduates from the col1e~iate departments of the National Academy came re'luests from more students for the colleg~ to offer a hi g he l' course of instl'uction and the 'Tnlste(::;, consistcnt with their policy of expansion, organized the College of Education in July, 1921. It offers thorough courses in education us well as in other subjects related to education, It has for its aims the training of more efficient teachers and to SCl've the needs of the Philippine schools for more professionally b'ained supervisory and adm:nistmtive officers, 1'his college was accredited by the Government in the same yeal- that its si"ter Simultaneously with the opening of the College of Edllcation, the College of Commel-ce and Business Administration was founded and accredited by the Government on January 3, 1923_ college was accredited_ This college has for its pUl"ppse to help in the realization of the full development of t he economic life of the country by helping equip An adequate body of Filipinos with the fundamentals of business and with a clear understanding of the laws and f orccs governing commercial activities and the propel' administration of mel'cantile organizations, Aside fl'om the college and departments of the University above ment.ioned, the College of Pharmacy was established on July 8, 1922, and was accredited by the Government on March 19, 192>1, Subsequently the College of Dentistry and the Conservatory of Music were organized, T he formelwas recognized by the Sccretal-y of Public Instruction on Novcmber 20, 192>1, A bl'anch of the High School and Libel'al Arts WflS established in Intramuros, The College of Engineering was opened in June, 1925, To t hese may also be added the open路 ing of a Commercial High School, a Four-Year Normal Course, and courses in sUl'veying, bookkeeping and stenogl'aphy_ ThC!Se new courses have recently been authorized by the Department of Public Instruction, Perhaps one of the most important depal'tments of the University that may be specially mentioned
PHILIPPINES in this sketch wa!> the Department of Military Sci(>llce and Tactics. The University authorities, realizing from their exper ience the value and importance of military training, applied to the United States government for the establishment of a mi l itar~' department in which systematic instl'uct.ion for R. O. T. C. may be given. The request was granted on October 1, 1923, and immediately two regular army officers were detailed to organize and establish the department. Equipment, such as the Uniterl States Springfield rifles, bnyonets, belts, etr., were accordingly supplied, ' and the Department her-an to give instruction along the same lines that lead to commission in the United States Reserve C01'pS. This privilege has placed thc U niven;ity on the same standal'd as those on modern State Univer sities and won for this institution a distinctioll' unique mno.ng the private universities in the Islands. However, upon request of the Pl'esident with the concurrence of the Cabinet of the National University, the government aid to this department was withd r awn on Janmn.y 1, 1927, leading to the closing of the Department o( Military Science and Tactics and the subsequent organization of the D'!partment of Physical Education. A new addition to the Un~versity schools and colleges is the Junior Normal College which has practically the same cUlTiculum as that of the Philippine Normal Schoo!. It was openea under permit of the Department of Public Instruction on June 9, 1930, and was recognized by the government on Februal'Y 3, ]932. It offers a collegiate course leading to the Elementary Teacher's Cer t ificnte (E.T.C.). Its objectives are: (1) to train prospective teachers in the 1,l l'ofessional work of teaching; (2) to give teachers in the service such knowledge of principles and methods as will improve their efficiency in the work of education; (3) to give the students the necessal'y information , and training for intelligent participation in ma tters of private and public education; and (4) to provide the students with instr uction and training in elementary education which will make them more fully prepared for teaching administrative and supervisory work after they finish their cour se in the Scnior Normal College (College of Education), The schools and colleges of the University ar e housed in separate buildings, the group of f ive houses in Lipa and San Anton Streets, District of Sampaloc, composing the central 01' main build-
15
ings, Pup ils and students of elemen tary and secondary schools, those of the J un ior Normal College, Col!ege of Liberal Arts, Education, Pharmacy, Dentistr)" Commerce and Business Administration, and Engineel'ing are all housed in the main buildings on Lipa Street. The College of Law (Philippill-<! Law School) holds its classes in two buildings located on Calle Anda and General L una in the WallC'd City and the Intramul'o~ Unit of the College of Liberal Arts anci the High School on General Luna Street, Thus came into existence this institution of learning in the P hilippines which is unique in the sense that it is the fil' st private hi~hest educational institutioll a nd which is exclusively under the con~ trol and management of a purely Filipino Board of Tl'ustees, THE UNIVERSITY ORGANIZATION The University is organized into the following colleges:
A.
T he Conegc of Libeml A l'ts which provides a liberal education in arts, philosophy and science, in a course of normally eight semesters leading to the degrees of Bachelor of Arts, Bachelor of Philosophy, and Bachelor of Science.
B.
The professional and colleges including:
technical
schools
and
Col/ege oj Educatioll which offers COUl'ses of "-eight semeste)'s, llreparing students for careers as high school teachers and school administratol's. The degree confer red is Bachelor of Science in Education ( B .S. E.), Students in the College of L ibera! Arts may major in the departmen t of education and receive the degl'ce of Bachelo l' of Arts (A.B.). The College a lso offers gl'aduate courses leading to the degl'ee of 1\'Iaster of Al'ts (M.A,) i n Education. These graduate courses are open to holders of the deg rees of B, S. E., A. 8., 01' Ph.H.
1. The
of COlltllle)'ce and Bu smess offers the fundamental scientific training in industry and commerce in a course of eight semesters leading to the degree of Bachelor of Science in Commer ce (B.S.C.).
2. 'rhe College
A dlninistl'atio)~
3. The Collegc oj Engillee)'illg offers a course of eight semesters leading to the degre~ of
16
THE COMMERCIAL
4.
5.
G.
7.
8.
&
Bachelor of Science in Civil Engineering and the degl'ce of Bachelor of Science in Mining Engineering. The College 0/ Dent'i stry offers the standard dental course leading to the degree of Doctor of Dental Medicine. The College 0/ La.1/} is the standard of approved law schools for admission to the bar of the Philippines. For admission, the students mllst present a certificate from the Department of Public Instruction. The ctllTicuinm of the college covel'S eigh~ semesters leading to the degree of Bachelor of Laws ( LL .B.), The College of Plm1"llUtcy offers a fou l'-¥car course leading to t he degree of Bachelor of Science in Pharmacy. The bt'l110l- Normul College offers a two-year collegiate COU1,C leading to the Elementary Teacher s' Certi:f~cate (E. T. C.). The;! DcplJ)·t1ncnt Home Economics offers a course of eight $emesters leading to the degree of Bachelor of Science in Home Economics (B.S.H.E).
b{
GENP.RAL INFORr.
TroN
ThC! various branches of the University nrc located in the following places: The MAIN BUILDING where all courses ex· cept Law arc offered-38S Lipu Street, Sampaloc, Manila. The INTRAMUROS UN IT where High School course and the PI·c·Law Course only are offered-l09 General Luna Street, Intra· muros, Manila.
INDUSTRIAL MANUAL The PHILIPPINE LAW SCHOOL where only the Law Course is offered-84 Anda Street, Jntramuros, Manila. CoURSES OFFERED
(Duy and E1J6/U'ng Cla88es)
Muster of Arts in EduCI'.'.ion, one·year course. Master of Science in Economics. Bachelor of Science in Education, four·year cOllrse. Bachelor of Sciencr. in Home Economics, four"\.veul' course. One~year Efficiency in Home Economics. Collegiate Normal, two·yC'ar course. Two-yea}' general ('ourse lea(ling to t he title of Associate in Arts. Two-year preparatory-law course leadi ng to the title of Associate in Arts. Two-year preparntory-medicine course leading to the title of Associate in Arts. Bachelor of Arts, four-year course, Two-year course lead ing to the title of AssOCIate in Commercial Science, Bachelor of Scicnce in Commerce, four~ye:1r course. Bachelor of Science in Pharmacy, four-year course, Docto!'! of Dental Medicine, four-year course, Bachelor of Science in Civil Engineering, fOllr-yeal' cnUl"Se. Bachelor of Scienee in Mining Engineerin~. foul'year course, Bachelor of Law!), four-year course. Genl!ral High SchooL Se('ondary H ome Economics. High School Normal Coul'se. Intermediate (Day onl~:). Primary (Day only). Kindm:J!;l.rten.
THE UNIVERSITY OF MANILA A:-.iILA is not only the capital o( the Philippine Islands but is also the educational center of the country. Besides a state university there arc a number of reputable private institutions of higher learning of which the Univel'sil;y of Manila is one. The University of Manila started as a small institution offering only elementary and high school courses. Classes opened in the new school in 1914, in its building on the corner of Peiiarubia and Madrid, Binondo, The institute was founded on the initiative of 111", Apolinal'io C. de los Santos, who later became the first president of the University of Manilc.
M
DES ID ES DI". Apolinario G. de los Santos, were four other paople responsible for the founding of the rnstitute' Mal'iano V. de los Santos, Manuel
Montilla, Buena\'entura J, Bello, and Maria Santos, In the opening of the school year 1919-1920, the lnstinlto de )faniln then grown too large for iL"
PHILIPPINES quarters, moved to Samllaloc, occupying the former house of Judge Simplicio de Rosario, corner of San Anton and Gastambide. The next school year marked a momentous event in the growth of the little " Instituto de Manila." In that yeal', a college of liberal arts was opened, From the very beginning this college proved its worthy by the steady increase in its en-
rollment. The year 1921 saw the acquisition of a college of Jaw, the old National Law College. Its firs! dean was the Honorable Norberto Romualdez. But even more important than this was the reincorporation of the " Instituto de Manila" into the UNIV-
ERSITY OF MANILA. This was duly accomplished on November 3, 1921. In the years that followed close upon the reincorporation of the old "Instituto de Manila" into the UNIVERSI'l.'Y 01' MANILA came the organization of a College o? Philosophy and Letters and a College of Business Administration. Dr. Paul Versoza became dN\n of the former and Leon Ma. Gon ~a les, of the latter. In Jul y, 1923, the Coll~e of Education came into being. Dr. F l'ank Lat\baek became its first dean. \
17
In 1933, twenty years after its establishment, the University of Manila had become a full-grown entity, one of the foremost institutions of private learning in the Philippines, Besides the original elementary a nd high school departments, the university already had the follOwing six regularly functioning departments; a Preparatory Department; a Junior Normal College; a College of Business Administration, a College of Education, a College of Liberal Arts, a College of Law, and a Department of Graduate Studies. While keeping the main unit in Sampaloc di strict, the administration did not neglect the branch in the WaHed City. Today, the following departments are found in I ntramul'OS (Wnlied City) besides the elemental'y and high school; the College of Law, the CoH~ge of Business Administration, a branch of the College of Liberal Arts, and only recently an extension of the CoHege of Education. In recent years, while consolidating gains that have been made, the administration has also moved with the trend of the times. Two years ago, a premedical course was opened in the College of Liberal Arts, Sampaloe unit. I n the Intramuros unit, a Foreign Service course was induded in the College of Business Administration.
UNIV8MITY OP MANILA
â&#x20AC;˘
THE COMMERCIAL & INDUSTRIAL MANUAL
18
A bird's eye view of the present quarters of the University of Mani la follows: Beginning in Sampaloc, acr oss the Alejandl'o VI for the wide campus, on c may see in red blnze the hazy outlines of the three-story building of the Tl'aining Department. Barely fift~f meters to the left, occnpying the whole end of the block fo rmed by Alejandro VI, San An ton and Gastambide, rises t he magnificent new administnltion building, fou l' stories high, modern, streamlined. Beside the administration building is the old high school, now housing the College of Education. The old administration building still stands in its ol d site, corner of Gastambide and San A. nOOn; its spacious rooms have been tUl'nad into laboratory classes a nd facult.y rooms and offices. Now a short fli ght to Intramuros, to Cabildo by the Cathedra\. H ere is the heart of the 1ntramuros unit of the University of Manila. Here is the famous National 'baw College, the university's college of law. Farther down where Cabildo is crossed by Aduana obliql\ely in :ront of historic Ayuntamiento is the former Bureau of Commerce
building, now leased by the University of Manila as a recreation hall. F ollowing Aduana to General Luna St.reet, t urning right till we get behind the Department of Justice, we come to former Pons Hotel. This houses th~ colleges of Business Administration and Liberal Arts of the University of Manila. Here in the cool, high-ceilinged rooms, studen ts come to classes away from the noise of t he ciiy. Sinee October 4, 1929, the University of Manila has had f or its president. Mariano V. de loS' Santos, brothel' of the fir st president and one of its founders. The biggest stride so far in the development and growth of the Unive]'sity of Manila were made during the incumbency of President Santos. Although young in age he is regarded as one of the isla nds foremost educational leaders and is almost always consllited in educational matters e\'en by the government authorities. He is a member of the National Educational Coun cil by appointment of Hi s Excellency, t h e President of the Philippines.
----I
UNIVERSITY OF THE PHILIPPINES HE UN IVERSITY OF THE PHILIPPINES was founded on June 18, 1908, upon the passage of Act No. 187('1 by the FiTst Philippin'e Legislature. The Ph ilippine Medical School established by a special Act on December 1, 1905, and opened to students for the purpose of in'Struction on June 10, 1907, became the College of Medicine and SUl'gery of t he University on DecembN路 8, .1 910. On March 1, 1923, its name was changed to Coll ege of Med icine. The other colleges and schools of the University wel'e
T
e~tablished
ill' the f ollowing chronological ol'der:
COL LE GE; OF AGRICULTURE, Jun-z, 1909; School of Fine Arts, June, 1909; College of Veterinary Science, .June, J910; ColleJ;e of Libersl Arts, June 3, 1910; Col1e~e of Eng-ineering, June 3, 1910; College of Law, January 12, 1911; College of Pharmacy, June 5, 1911; School of Dentistry, February 8, 1915; School of Forestry, February 4, 1916; Conservatory of Music, September 4, 1916; Junior College of the Un iversity in Cehu, May 3, 1918; College of Education, July 1. 1918 ; School of Surveying, June, 1925; School of Hyg iene and Public Health , November. 1926; College of Business Administration, March, 1929; School of P ublic Health Nursing, September, 1929 ; The Northern Luzon Junior Collego..:!, June 9, 1930.
The Legislatul'e appro priates annually a sum a s contribution for the maintenance of the University. For the last ten years, the Legislature's annual COll'tribution has l'ang'<!d from P997,163.65 to 1)1,915,500.00. The enroll ment had steadily grown from 67 in 1908 to 7,412 in 1930. As a result of the economic depression, the enrollment went down to 5,225 in 1934. But since thelT, it hns been on the increase, and last year it was 6,650. Overcrowding is prevented by limiting the number of students in each clnss. In this way e.very student is ennbled to receive the ma"imum of personal attention from his professors.
\ PHiLIPPINES
COLt.EGIl
or
MBDICn,'l!-UNIVEU'TY OP TIIB PHiLIPPINU -- MANll ...
UNIVEI.SI1Y Of Till?
PHlJ_IPP1NIl$-LJBR"~Y BUILDINO
19
20
THE COMMERCIAL & INDUSTRIAL MANUAL
The Universit.y of the Phiiippi11'C!s is located in the district of Ermita, City of Manila. Its main camp\IS covers an area of approximately 100,000 square meters. Centrally located, it is within easy reach from the other distr icts and suburbs of the City. 1'he total fixed assets of the University consi sting of buildings, laboratory equipment, books, periodical s 'l.I1'd other reS(!8r ch fncilities amount to over P7,600,OOO.OO. In Manila alone, the University has seven large concrete buildings and several small oncs. The equipment for classroom and the laboratory instnlction is cons idered ample and up-
to-date. Recclrt additions to the laboratory equip. ment and facilities of the University are the Alabnng Vaccine and Serum Laboratory Equipment worth 1~23,600. 00, the "Marsman Assaying Labor atory" worth 1'10,000.00 which is of great value to stu(hmts in the Minin,e: course and the Section of the Bureau of Scien~:e for the ma nufacture of Tiki-Tiki Extract. The ViJlamor Hall , which housi!s the Conservatory of Musie and the School of Fine Arts, is :l gem of architecture. The Library is one of the most beautiful buildings in the Phil ippines, and has the ~argest coliection of books, next to the National LibrarlY.
TI-{E UNIVERSITY OF SANTO TOMAS liE UN I VERS~Y OF SANTO TOMAS is an ou t1:l'owth of the earl;y educational labors inaug'ul'ated by the Dominican Order, short.iy after the al'l'ivai of its fir st missionaries in the Philippine I lands in 1587. From humble and informal begi11'nings, characteristics of pioneer days, the work was carried on to a degree of organized efficiency a dapted to the particular necds of the new province and kept in pace with the latest scientific discoveries,
T
t hus accomPliS11g the t raditions of the Ontcl'.
WJTH THE FIRST foreshadowi ng of a n ins tH.ut ion to hoe modeled after the great Univer sit ies of S" ain, the name of the third Archbishop of Manila the 1\1os t Rev. 1\'Iiguel de Benavides, O. P. (d. 1605J is lastingly associated. In a bequest consisting of his libraI')' and goods valued at 1,500 pesos, he gave the nucleus of a fund towards an entel'pl'i:;e, the primary aim of which was the formatio n of a body of men specially fitted to promote the Chl'istianizat ion and education of the native inha bitunts of the Archipelago. "he exccu tol' of the las!.. will and testament of Archbi shop Benavides was Father Bernardo de Sunt..'l. Catalina, ().P., his intimate friend and associa tt'. He was speedily commissioned by his superiors to carry out the wish es of the deceased prelute. h l the same year of the Archbishop's death. the first building was secured. It occupied a pOl'tion of the old s ite of Santo Tomas in I ntl'amuTos. The formal foun<lation was completed in the yeal' 1 flU. undel' the name of the College of Our Lady of the Rosnl'Yi but five years latcr, that name was ehnnged to "College of Santo Tomas." In the meantime, othet· unconditioned henefacto l' S helped to improvc the ol'iginal foundat ion and bl'oadened it" scopc. Among the l1\Ost noteworthy
gifts and lcgacics were a libl'fll'Y uncI 3,800 pesos from Bisholl Diego de Soria, O.P., of the diocese of Lal-lo (Cagayan ) and several timely donations f),om the Rt. Rev. Domingo Gonzalez, O.P., Bishop of Nueva Caceres. These with seveml other donations by secular benefactors, opened the way to a new era of the College's development. Roval confirmation of the uuthol'it.y gL'unted to the Coliege by the Governor of t he I slands and the Ji)iocesnn Orclinar~' was obtained from Philip IV on November 27, 1623. His letter commends the work of the I nstilll!..ion as resulting "in great advantage t.o Lhe youth, to the preaching of the Gospel and to the ec!l1cation of the sons of the inhabitants." The trained and zealous men doing s uch work werl! natu rall~f bent on a policy of further improvement. The" aimed to attain the !'tatlls of a universit.y, witl; all of its powers. royal and pontifical. and they lost no t ime in petiti(lninl! the King to grant them authority and privileges to that effect. A hl'ief har! heen issued by POlle Paul V in 161f', elflpowel'ing Dominican Colleges outo;ide of Mexico and Lima. which the Dram' had olso fpunded. to confer Imiversity de£l'ees for a term of ten years. On AUfr\l" t 28, ]624. the Ro~' al Council of the Indies l'ecommen(\£!,f that the provisions of this brief i'hould
PHILIPPINES be extended to the provinces of Chile, New Granada and the Philippine Islands.
The l'ecommen dation
,,'as adopted by a royal decree, dated September 6, 1624. The Papal document gl'3nted the privilege of graduating students, afte r five years of study,
and after the customar짜 academic acts, theses, and formalities, as bachelors, licentiates, masters and doctors, according to their respective courses and merits. Another brief, confirming the preceding grant and giYing it validity for another ten years, was issued by Pope Urban VIII in 1672. It was given effect, as befOI'C, by recommendation of the Royal
CO\mciJ of the Indies, Feb. 17, 1629, On this basis, the Manila educational establishment continued its work fOl' nearly two decades, In 1644, Philip IV, through his ambassador at Rmue, petitioned the J{oly See to erect the College of Santo Tomas into a University endowed with the same authority and perpetuity enjoyed by the Dominican Univer ~ ities of \,\vila and Pampiona in Spain, anel of Lima and M'exico in the New World. The following year His Holiness, Pope Innocent X, granted the r oyal petition in a brief, signed in Rome, Nov. 20th, 1645.
21
In 1680 the Dominican petitioned King (Charles II) to favor the institution with his royal patronage and protection. This was to add d ignity to t he Univel'sity as well as to increase its efficiency and moral influence. The petition was granted in a ro~'al decree, May 17 of the same year, and the r oyal document made special mention of the degrees in Theology and Arts, as being conferrcd only after rigorous examinations and with commendable results. On the advcnt of P hilip V of the House of Bourbon to the Spanish throne, a n'aw impetus was given to educational work th,'ollghont Spain and her possessions. At Santo Tomas n notable addition to thc Faculties was made in the latter part of his reign, where two new colleges, those of Canon Law ~,ml of Civil Jll1'i sp rudence, were established, 'rhe I'apal confi l'mntion of their establi shment was obtaincd hom Pope Clement XII, on September 4, 1714. The two coul'sc~ covered the entirE' curriculum of Jul'ispl'u(lenr.e a'!cording to the prevailing sta ndard at the time.
Though the Dominic!'.ns had planned a Faculty of Medjcine as r:!'nriy as 1682, the opening of the Depa rh,n ents of Merlicine and Pharmacy took place
THE COMMERCIAL & INDUSTRIAL MANUAL o,nly in 1871. A School for Midwives was added as a special department in 1879. In the year 1904, a School of Dentistry was established under the Faculty of Medicine. In the year 1907, the Faculty of Civi l Engineering was inallgul'uted. In the school-year 1923-1924, the College of Liberal Arts was inaugurated with the establishment of the Preparatory Law Course. I n the following academic year , 1924-1925, the Pre-Medical Course was opcned for High School graduates desiring to pursue their stud ies in the Faculty of Medicine and Surgery. Doth of these preparatory courses lead to the title of Associate in Arts. Two more COllrses, leading to the degr ees of ~achclol' of Arts and Bachelor of Science, were estahlished in Jlme 1926. I n Jlllle, 1!')26, 'the College of Education was founded for the tl'tlinlng of teachers upon Catholic principles. A department of Al~itecture, now the School of Architecture and Fine Arts, was established by the University in June Hl3a under the Faculty of Engineel路ing. A four-ycar cnurse leadmg to the degree of
Bachelol' of Science in Chemistry was opened in June 1931. Tn June 1933 the Universit.y opened its School of Commerce under the College of Education.
In the summel' session of 1933 a gradUate course leading to Mastel' of Science in Mathematics was opened under the College of Liberal Arts. I n the same College a foul' year course, probabl y the fi rst of its kind in these Islands. leading to Bachelor of Science in Chemical Engineering was offered at the start of the 1934-35 academic year. The same yeu l' the University also began to offer the four-year Bachelor of Science in Mining Engineering COlU'se in its Faculty of Civil Engineering. 'rho Faculty of Philosophy and Letters offer s a four-year course leading to the degr ee of Bachelor of Literature in Journalism and a two-year post-g'l'ad':late course leading to the degree of Mastel' of Arts in English. The University of Santo Tomn s in an institution which, from the beginning, has been almost exclusively th~ work of the Phil ippine Province of the Dominican Order, This University is accomplishing its work out of its ow n resom'ces and with substa ntial SllPP01't of the Dominican Pl'ovince of the Holy Ro-
PHILIPPINES sary in the Philippine Isl ands. It has striven during all its career, under the direct authority end 53-netion of the Holy See, to be truo! to its calling and, under Providence, it has been singularly blessed and has prospered in realizing its aims. Pope Leo XIII, of happy memory, in his Constitution Quae mari Si1!ico of September 17, 1902, after making great eulogies to the Dominican University of Manila, adds: "Wherefore, fully confirming thr honors and privilpges granted thereto by the
Roman Pontiffs Inocentil1s X, JnoC'cntius XI, and Clementins X U , we endow it with the title of P ontifical University, amI it is our will that the academic degrees therein conferred have the same value as those obtained in other Pontifical Universities." H is H oliness, Pope Pius X, not only confirmed the privileges IP'anted by his predecessors, l' ut increased them, as on A.pril 4, 1906, he granted to the Faculty fo r Clergymen. the chat'aeter of a real Seminal'y, and gave the University the exclusive power to confer academic degrees. The U niversity of Santo Tomas has always enjoyed an official standing not only in the Church,
but also in the Spanish Government, for the latter recognized the degrees and diplomas conferred by it, both in Civil and Ecclesiastical Faculties, and those obtained in any other State University. The Philippine Govel'nment, and now Commonwealth of the Philippines, by whom the University of Santo Tomas is regarded as a recognized corporation, does not grant without. previous examination, official validity to degrees issued by it. Under the principle of neutrality by which the American State is governed, it cannot do otherwise. The Univer sity of Santo Tomas i~ indebted to the Government of the Philippinc Island s and now to the CommonWealth of the Philippines for mnny proofs of kind consideration and support, a s the exten sion of its official recognition to the> Facultics of Civil Law, PhiioSOI)hy :md Ll'ttcrs, Ml'di('ine and Sur~~ l' Y l'harmacy, Engineer. ing, the College of Libcral A rts, the College of Education , the School of Agl'ieultul'e and Fine Arts, the School of Comml'rce and the High School Depart. mcmt. During the season of ] 9:17-38 the University acr,omffiodated 4,750 stu dents.
THE PHILIPPINE WOMEN'S UNIVERSITY Tis with legitimate pl"ide that w~ can a.1I point to the success of The Philil)pillc Wt>mpn's Uni\'prsity as the result of F ilipino effort and cooperation. It indicates what may be attained by Fililipino educators imbued with the ideal of public service when t hey ga in the confidence and cooperation of their people, especially the parents of students.
I
It is this cOll'fidence and cooperation which serve to stimulate this institution to exer ts greater efforts in the direction of progress. The public trust reposed on u s creates an obligation to be ever deserving of that trust. Thu s it is, tllat whi le t his University fOl' women counts with no income-yielding endo wmen't, its progress has been steady because it has always bcen guided by the cardinal policy of deserving th e continued confid,encc and cooperation of its constituents.
THI S ARTI CLE IS A MOD EST ATTEM P T to give our many friends and sympath izers a glimpse of th'e student's life behind the ivied walls of the ill'Stitution. It is also intended to ser ve as a reminder to the alumnae of pleasant college days, a souvenir of college life and its fine and enduring fellowshi ps OFFICERS OF ADMINI STRAT ION Frnnc"'o,. Tiron,. d e Benite&. Pruidml )'I",s En"",nllcion Franeill ),Ire. Pilar A. Clemente MiM Helen,. Z. B~nitCi Dr. Joaquinll TironB, R..i.<h,., Ph lll;ei",. Dr. Perpntuo GUliette.. Viail""o Phll,id.. " )r. . Anied,. B. Chone, Trt" . ur~r ),fi.. Ftnl~rnid,.d Gon111lu. Rrll;lIrar ),l iM R~mcdio& NOllu~rll, R ooi' !ror )'frtl .
and fdendships. To our students and their parents we dedicate this work in the earnest hope that it may constantly remind thl'm of OU1" deep appreciation of their can· findence and coope ration-the essential assel in the advancement of education by and for Filipinos.
BOARD 0 .. DIRECTORS M ...... Franeis"a Tirona de Ben it"1 Mrs. CRrol;na O. de Palmn Mr. Justice Jo.(, Abmd Sant ...
MiM Tomu .. Osorio Mi.s Rnmon .. S. Tiron .. M .... Claro A. ViUanue"n M ... Concepcion A. SantiallO
1I0,\RD OF l'UUSTEES ),1 •• J,utice JO&(' Ab~d Snnlo •. Chair rna" ~Irs. Ftancisea Tiranll d e Den ite1 l\It'II. Concepeion A . Santinl!;o Mill Rftmonn D. Tironfl 1\1 ... CJRrft ,\ . Villanuevft 1\Ir. Conrado Be" it",
24
THE COMMERCIAL & INDUSTRIAL MANUAL
It is generally admitted that this institution has made an unparalleled progress from the time of its foundation in 1919. Since then there has been a steady growth in attendance, courses offered, libmry and laboratories, buildings amI facilities for physical :md social instruction. }'rom an institution giving eiemental'y and secondary courses, The Philippine Women's College has developed into The Philippine Women's University, officially recognized- the first women's school to merit this di stinction-giving instruction to the little girl as she reaches pre-school age, and preparing he r in later years by means of general, vocational and professional training, to take an intelligent and useful part in the life of presentday Philippines. The Philippin<.> Women's University occupies today the front rank among the educational institutions for women in the Philippines. The dream of her early founders nas come true~the existenc(' of a progressive Filipino cente.路 of learning for the training of Filipino w~mcm. During these dayl< of mass education, the individual is liable to be lost sight of. At the P.W.U, special attention is paid to tn.e individual !>tudent and her educational needs, To that end large classes are subdivided into smaller sections. And because the majOl'ity of students are internes, :'t is possible to ('oonlinate thc cfforts of the academic department with dormitory supervision. The rapid growth of the library is an earnest desire of both the administration and the studen ts, EVl'l"Y year the studcnts and faeu lty help in the., lihl"U.路Y fund drive. Choice books and periodicals are continuously being added to the collection, The best fl"icnds a.路e often made in school. At P.W,I! such open camaraderie and valuable as!;ociatiolls with gi d s from diIfe .'ent parts of the Philippines arc encouraged with a. nationalistic \'iew in mind.
th~
New students a.'e not segregated in freshmen dormitories; on the contrary, in any room that a girl may choose, shc will f ind a fl'iendly group of girls from other classes ready to help her, The newcomer is soon made to feel at home, so that she l'eadily develops an appr eciation of college tradition and imbibes the shin ing spirit of school loyalty. Within a short time, she comes to think of herself, not. as a freshman, but rather as a younger member of P.W.U. family,
SOCIAL TRAIN I NC
Social training is g iven a place in the edoJcational program. Special lectures on how to behave at social gatherings, how to act as hostesses, and how to manage a household in general a re given at. regular intervals. As part of the student's social tI'aining:, class organizations take tums in entertaining the other g .路oups, thereby providing opportuni ty for acquil'ing pl'actieu l experience 8:;\ hostesses, Students arc a lso given opportunities ~,"J meet I) ..ominent people and distinguished fore ign visitOl'S :\t receptions givcn by thc University, Every gi rl at the P .\V.U, has the op port unity of learning to swim. This tiled swimming poolthe fi l'st in the Philippines devoted exclusively to the use of women~is built out-of-doors between the gymnasium a nd the dressing rooms. 'rhe P.W,U. swimming team has helel the P.I. Gids Nationa l Swimming Championship s ince 1933, A sound mind in a sound body-such is the principle underlying the physical culture given to the stt~dents. Under the direction of !\frs, Carmen W. Yla'na n and her staff, individual instruction and group games suitable for girls are given. Tennis, volley ball, basket baJJ, hockey, cal isthenics, dancing, swimming and other individual sports are encouraged. Upon recommendation of t.he resident phys ici an , girls may be exempted from athletics. The excellence of the tJ'aining and faciliLiel< offered by the P,W.U. department of physical education has attracted many students who wish to prepare to become physical directol'S or recreational leadel's, The College fosters religious train ing. A new chapel .has been eonstl'uct,'d; in it religious ;lervices are held on Sundays and other days of obligation. The institution, however, is guided by the parents' instructions with r egard!; to denominational religious tl'ainin~. Classes ill reli ~ious instruction nre offered fl'om the primarv grnrles to the collegiate ;years to students whose paren ts so del<ire, First Communion Dav for children has been set to coincide with the feast dn~' of Our lady of the Miraculous Medal. Community singing is encouraged among the I!irls, Chorns practices arc under the direction of l\-liss Envn Gonzalez. Mus ic lessons and subjects oi[ered ~nder the Department of Music lead to a Music Teacher'!> Diploma and a Bachelor of Music
PHILIPPINES degree. Les~ons from private teachers may be arranged by the students. Way hack to the year of its foundation, the Philippine Women's College was the first educational institution to train girls systematically for the home. It was also the first private school to offel' the degree of Bachelor of Science in Home Economics. It is well known for its achievement along this line, and its graduates have been a cause of praise to their Alma Mater fot' their being efficient home managers and leading home economics teachers. Following a defined plan, ever y P,W.U. girl regardless of the cou r se she pursues, gets some training for the home during her stay in college. Art appreciation and interior decoration courses patterned after similar CO\lrSeS in American univer sities, arc also offered. COURSES OFFERED
Pl'e-School Education a\d Elemcnta1'Y Nu!"sel'Y, Kinderga rten. Prim:lrv. rntermefiiate Secolldm'Y Courses
General High School Secor.dary Home Economics Combined Secondul'Y Gcne~n! and Home Econo· mics Course Secondary Business and Secrctarial Training NnJ"lI!o.l, Coffegiate, and p)'o;cssimml Com'ses Associate in .A rts Pre·Education Pre ·Law Prc-!\oledicine As-sociate in Chemistry Assocmte in Industrial Chemistry Associate in Commercial Science. Two-year Normal Kindergarten Course Two-year General Normal Course Two-year Normal Course in Home Economics Two-and-a-hali_yeal' Norma! Home Economic" Course Bachelor of Arts Bachelor of Science in Chemistr~' Bachelor of Science in Business Administmtioll Bachelor of Science in Education Bachelor of Science in Home Economics Bachelor of Science in Pharmacy Music Teacher's Diploma Bachelor of J\Iusic J('urnalism
2;
Dralnatics L ibrary Science Health Education Social Welfare WOI'k Philippine Linguistics Physical Education Gl"ud!wtC' GOU;"l.f'S
Mastel' of Science MastC'r of Artll S1Jecia/ YfUl'ly Com'ses
Heme Arts Secretarial Training Stenotype
S?>6cial Semcstml CO!fI'SCS Culinary AI't Dressmaking !l-lachine Embroidery Applied Painting Fine Arts FOI'eign Languages Club Advising Art Appreciation Principles of Interior Decora t ion C'I~ssical Dancing Spanish and Mexican Dancing Swimming Courses in Public Speaking and Debl1te Art Photogl"aphy -"umme.l' Cov.1"ses Extra subjects are offercd upon reque.~t h.... sufficient numbel' of students.
;1
SPECIAL CounSES There al'e persons who, without desiring to work for a degree of study too long, nevertheless want to acquil'e a vocation or specialize in some course allied with their work or profession. There arc others who seek an outlet for self-expression or a means of broadcning their culture or securing greater efficiency l1S homemakers, To meet these variollS needs and interests, The Philippine Women's University is offering several special courses, which mar be finished in one semester, Diplomas will be awarded UpOIl the satisfactol"~' c0111p!etion of these comses. No high school cel·tificatcs are required for enrollment,
Inte r-iol' Dccol·ation,·-Housewives and other intl>rested ill bcautifyin<g the home will great-
'~omen
26
THE COMMERCIAL
&
Iy profit from this very practical and useful course. It covers all phases of house decoration, as back~
ground. furnitul'c, d rapery, color harmony, etc. The course of study is patterned after that of the New York School of Decoration. (One semester.)
Dramatics-For those persons interested in theater art, The Philippine Women's U niversity pl'ovides a variety of cou r ses in dramatics. Some deal with drama and others with acting, coaching, play production, make-up, etc. The studer,t may enroll in one course or morc, or in a group of l'ourses constituting n full progrnm to be arranged hy t he head of the depArtment of dramatics to suit the student's need. Classical amI Ballet Dancilly.-This course has proved extremely popular with .young ladies and little girls as well. lJ: is taught in conjunction with physical culture. A \ highly trained instructress with many years' experience is in char ge of the course.
Spcmish (l11d Mexican Da.nces-Th e students' repertoire includes regional dunces of colorful Spain and typical Gypsy and Mexi~n folk dances.
Club Advising-This very' opular and intel'esting course was introduced by and is offered only in the Philippine Women's College. Extra-curr icular activities are receiving greater impol'tance; hence, the great demand for efficient advisers of class and club organizations, The cOl1l'se in Club Advis ing has heen especially d!'a fted to t.!路ain Filipino teaehCl's and pl'Ospective teachers in o!'ganizing a nd advising school associations and cond ucting a ll sorts of extracurricular activities, (One semester ,) Uome Ar ls-A non-professional but useful course for girls. It includes prjncipJes of dress cutting, sewing, textiles, cooking, a pplied pain ting, art appreciation, and interior decoration. (One year,)
INDUSTRIAL MANUAL The course covers the preparation of different meals, the making of fancy cakes, sandw'iches, desserts, etc., and the a rt of table service, (One semester.) Langl!ages-The study of languages is highly cultural and it becomes even more useful when one t r avels abroad. Besides Spanish, French, German, and Halian are offered. Emphasis is laid on pro路 nundation and conversational practice. A rts-The Department of Fine Arts is under the personal direction of a n internationally known artist, Courses in painting, designing, and handicraft are so planned so as to meet the r equirements of t he individual pupil. Emphasis is laid on the individual expression of latent talent and the use of Philippine motifs and materials. Arrangements are being to provide for commercial opportunities f or the pupils' work. Artists a nd those eager to find a medium of expression will find the courses wort hwhile. Drawing and Painting are offered to women who a r e interested in F ine Arts. The course is suppleme,nted with lectu!'es by prominent artists. For women in the home, a semestel' of Decorative or Applied Art is very practical. S1uimmif,u-Special classes in swimming in the P .W.U. tiled swimming pool may be a rranged for outsiders. 'rUE PHILIPPINE WOMEN'S UN I VERS ITY SEAL
E ?'pianation of SymboliB'm The Philippine Women's University is conceived here as a centc)' of learning where the Phil路 ippine women are afforded the means to a good Itducation in which the moral virtues, together with the love of learning, wisdom, t ruth, and the home arc taken to be the leading motives.
P "o/essi(mal D,'c88maki1!!I-This is just the course for a woman who desires to est.ablish a modiste shop and sta r t a lucrative bu si ness, or one merely wants to do home dressmaking for herself or her family in order to save modiste's bills. The course is comprehensive and it includes pattern draftin~, cutting, fitting, draping, sewing, and color harmony. (One semester.)
The pillar of wisdom (Ion ic) stands fol' the aspiration of t he mora ll y str ong to support a mornl edifice.
Cllli)lary Art--This course is intended f or homemakers and women who intend to become caterers.
The house implies the home, which looks to woman for upkeep.
The antique lamp stands for truth, which educates the mind's eye to sec the world of reality. The book is emblematic of learni ng wi!'ldom . . ..
not oj
PHILIPPINES
~
27
ADAMSON SCHOOL OF INDUSTRIAL HEMISTRY AND ENGINEERING, INC. Head Office : 145 Gral. Sulano, Manila-Registered.- February 19, 1936-Tcrm: 50 years-B1tsille8,~; Princi pally, to engage in the business of conducting and Operating a school, College, or Institution of irrstruction in the arts, sciences and other studies embraced in, or related to, the study of theoretic and practical industrial chemistry and eng ineering and other allied courses of instruction
-Nationality: Greek-Cll1)ital Stock: Pesos 250,000.OG divided into 2,500 share~ of the par value of Pesos 100.00 each-SlIbscribed and Paid-in CU/pilat: Pesos 100,400.00 j Cash, Pesos 2,498.39; Property, Pesos 97,D01.61-Di,'cctOJ"8: George Lucas Adamson, George Athos Adamsorr, Alexander Athos Adamson, Santiago P icornell nnd Pinto Basil Mathews1'1'ea8urel'; Alexander Athos Adamson.
AMERICAN FAR EASTERN SCHOOL OF AVIATION HE AMERICAN FAR EASTERN SCHOOL OF AVIATION takes pleasure in announ'Cing the relocation of the school at the new million-peso Nielson Airport ill r-.fakati, where, with greatly increased facilities and an enlarged stRff of instructors, one of the most complete aCI"onautical training units to be found anywhere ill the wodd is now available to the young men and women of the Far East. It is the policy of the AFESA to afford men and women a complete technical train-
T