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Inspired by the XPCC spirit of "loving the motherland, selfless devotion, exhausting work, and forging ahead with pioneering endeavors," over the past six decades the XPCC employees have, technology after generation, made strenuous efforts to turn the desolate Gobi wilderness from time immemorial into ecological oases, provoke Xinjiang's trigger of modernization, construct one after one other giant farms and industrial and mining enterprises, and establish fairly a quantity of recent cities and towns. Rural Banks - To additional accelerate improvement at the grassroots degree, the rural banking movement was intensified during the past four years. Volume of Physical Production - Throughout the past 4 years we have seen the full home goods and providers increased by 17.4 per cent. 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 total commerce expanded from P1.8 billion in 1954 to P1.9 billion, now we have channelled 42 per cent of it to Europe, Asia, and Central and South Amer­ica. That we have now succeeded to a certain extent in the judi­cious use of our international reserve to safe advantages to the financial system is clear from.

Such measures and policies had been meant to verify untoward developments mainly attributable to the forces of nature or by international occasions beyond our management and in addition by our personal transgressions in opposition to the eternal verities and the legal guidelines of measure and proportion. Fortunately, we've got succeeded to an administration that was also our own because most of us were part of it and because, beneath the idea of social gathering accountability, its policies were formulated and carried out by us. We've got additionally witnessed the establishment or 533 "new and necessary" industries out of 830 granted tax-exemption privileges by the federal government under Republic Act No. 901. Non-agricul­tural employment in 1289 institutions in the country has risen by 14.5 per cent during this period of enlargement. Government monument." Charles graciously acknowledged the concept, however reminded Frenger: "It has been a pretty arduous battle to put the thought over. We now have 102 banking establishments properly distributed over the nation. Our first and rapid goal, as I have already introduced in my inaugural handle, is self-sufficiency in food, particularly in rice, corn, and fish.

In the primary mission, our Armed Forces participated in several manoeuvres, conferences, and seminars below the auspices of SEATO. Our justice of the peace courts disposed of 80,000 out of 90,000 instances filed, while 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,four hundred circumstances; the Court of Tax Appeals determined ninety three out of 114 instances handled; while the Juvenile and Domestic Relations Court, during only six months of operation, disposed of 3,200 out of 7,000 cases. I wish to call your attention to the truth that whereas the admin­istration before 1954 used borrowed money for both budget­ary and economic development functions, our administration borrowed just for financial growth. Curbing such con­sumption and eliminating wasteful and unproductive activ­ities the only safe and sound manner by which we are able to move forward in our improvement program without operating the risk of national retrogression. One route anticipated by federal officials was the "Southern National Highway," which might connect Alamogordo to El Paso and then San Diego. Treasury by way of the internal Revenue Service solely about $1.00." Galles took satisfaction in New Mexico's cleverness, claiming that "we profit by federal assist," with "the burden of taxes .

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