Inspired by the XPCC spirit of “loving the motherland, selfless devotion, onerous work, and forging forward with pioneering endeavors,” over the past six a long time the XPCC workers have, technology after technology, made strenuous efforts to show the desolate Gobi wilderness from time immemorial into ecological oases, provoke Xinjiang’s cause of modernization, build one after one other giant farms and industrial and mining enterprises, and set up fairly a quantity of recent cities and towns. Rural Banks – To additional speed up growth on the grassroots degree, the rural banking movement was intensified through the previous four years. Volume of Physical Production – During the previous four years we’ve seen the entire domestic goods and companies elevated by 17.4 per cent. Now we have raised our legations in Karachi, Pakistan; New Delhi, India; Seoul, Korea; and Saigon, South Vietnam, to the standing of the embassies. Today, with our whole trade expanded from P1.8 billion in 1954 to P1.9 billion, we’ve got channelled 42 per cent of it to Europe, Asia, and Central and South America. That we’ve got succeeded to a certain extent in the judicious use of our worldwide reserve to secure advantages to the economy is clear from.
Such measures and insurance policies were intended to examine untoward developments mainly brought on by the forces of nature or by international occasions beyond our management and also by our own transgressions towards the eternal verities and the legal guidelines of measure and proportion. Fortunately, we now have succeeded to an administration that was additionally our personal because most of us were a part of it and because, under the idea of social gathering accountability, its policies were formulated and implemented by us. We now have also witnessed the institution or 533 “new and necessary” industries out of 830 granted tax-exemption privileges by the government under Republic Act No. 901. Non-agricultural employment in 1289 institutions within the country has risen by 14.5 per cent during this interval of enlargement. Government monument.” Charles graciously acknowledged the concept, however reminded Frenger: “It has been a fairly exhausting fight to place the thought over. We now have 102 banking establishments effectively distributed over the country. Our first and instant purpose, as I’ve already introduced in my inaugural tackle, is self-sufficiency in food, particularly in rice, corn, and fish.
In the primary mission, our Armed Forces participated in a number of manoeuvres, conferences, and seminars underneath the auspices of SEATO. Our justice of the peace courts disposed of 80,000 out of 90,000 circumstances filed, whereas our courts of first occasion settled 40,000 out of 42,000 instances. The Court of Agrarian Relations disposed of 3,000 out of 5,400 circumstances; the Court of Tax Appeals determined 93 out of 114 circumstances handled; whereas the Juvenile and Domestic Relations Court, during solely six months of operation, disposed of 3,200 out of 7,000 circumstances. I want to call your attention to the truth that whereas the administration earlier than 1954 used borrowed money for both budgetary and financial improvement purposes, our administration borrowed only for economic development. Curbing such consumption and eliminating wasteful and unproductive activities the one protected and sound method by which we are able to move ahead in our development program with out running the risk of national retrogression. One route anticipated by federal officials was the “Southern National Highway,” which may join Alamogordo to El Paso and then San Diego. Treasury through the interior Revenue Service solely about $1.00.” Galles took pleasure in New Mexico’s cleverness, claiming that “we revenue by federal assist,” with “the burden of taxes .
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