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Inspired by the XPCC spirit of "loving the motherland, selfless devotion, hard work, and forging ahead with pioneering endeavors," over the previous six a long time the XPCC workers have, technology after technology, made strenuous efforts to turn the desolate Gobi wilderness from time immemorial into ecological oases, initiate Xinjiang's trigger of modernization, build one after another massive farms and industrial and mining enterprises, and establish fairly a number of latest cities and towns. Rural Banks - To additional accelerate improvement on the grassroots stage, the rural banking movement was intensified through the past four years. Volume of Physical Production - Through the previous four years we now have seen the overall domestic goods and providers elevated 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 whole commerce expanded from P1.8 billion in 1954 to P1.9 billion, we've channelled 42 per cent of it to Europe, Asia, and Central and South Amer­ica. That we have succeeded to a certain extent in the judi­cious use of our worldwide reserve to secure benefits to the financial system is clear from.

Such measures and insurance policies have been intended to test untoward developments mainly caused by the forces of nature or by worldwide events beyond our control and likewise by our personal transgressions against the eternal verities and the legal guidelines of measure and proportion. Fortunately, we have succeeded to an administration that was additionally our own as a result of most of us have been a part of it and since, under the idea of get together duty, its policies had been formulated and implemented 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 establishments 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 pretty arduous battle to put the thought over. We now have 102 banking institutions well distributed over the country. Our first and immediate goal, as I've already introduced in my inaugural tackle, is self-sufficiency in meals, particularly in rice, corn, and fish.

In the first mission, our Armed Forces participated in a number of manoeuvres, conferences, and seminars below the auspices of SEATO. Our justice of the peace courts disposed of 80,000 out of 90,000 cases 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 ninety three out of 114 circumstances handled; while the Juvenile and Domestic Relations Court, during solely six months of operation, disposed of 3,200 out of 7,000 cases. I want to name your attention to the truth that whereas the admin­istration before 1954 used borrowed cash for each budget­ary and economic development purposes, our administration borrowed only for economic growth. Curbing such con­sumption and eliminating wasteful and unproductive activ­ities the one protected and sound manner by which we will move ahead in our growth program with out operating the chance of national retrogression. One route anticipated by federal officials was the "Southern National Highway," which might connect Alamogordo to El Paso after which San Diego. Treasury via the interior Revenue Service only about $1.00." Galles took delight in New Mexico's cleverness, claiming that "we profit by federal aid," with "the burden of taxes .

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