Proceedings of the first Independence congress : held in the city of Manila, Philippine islands, February 22-26, 1930 / Published under the direction of Dean maximo M. Kalaw, executive secretary, University of the Philippines.

ECONOMIC SECTION 57
Tobacco:
Leaf................... 6,059,264 31,792 0
Cigars................. 9,531,264 7,711,344 7,000,000
Cigarettes............. 446:824 15,302 0
P16,037,366 P 7,758,438 P 7,000,000
Cordage............... 3,550,870 1,442,240 400,000
Embroideries........... 8,792,472 8,713,198 8,500,000
Hats................... 6,717,924 4,554,250 4,000,000
Lumber................ 6,253,000 3,275,382 3,000,000
Pearl buttons.......... 771,704 770,648 771,704
Estimated total decrease.................... P113,923,018
Total exports............................... 310,109,092
Percentage of decrease...................... 36.7%
The foregoing estimate is based on the following considerations:
As regards hemp, there will be no decrease in its exportation because this product has always entered the United States
duty free, independently from free trade with that country, and
it must be supposed that it will continue doing so because it
does not compete with any American product.
As regards the coconut products, there are four of these:
coconut oil, copra meal, dessicated coconut, copra. The ex —
portation of these products from the Philippine Islands in 1928
totalled P105,282,470, of which P89,840,946 went to the
United States. The probable decrease in the value of these
products is estimated at P10,251,314.
If customs duties are collected on Philippine coconut oil in
the United States, this industry will disappear in the Philippines, because our coconut oil would then be unable to compete with the coconut oil produced in the United States, even
though Philippine copra were used there. On the other hand,
our oil would find practically no market elsewhere.
This would bring about the disappearance of copra meal
which is a by-product of the oil industry.
On the other hand, the copra now used for the manufacture
of oil could be exported to the United States and other countries, though its value might decrease somewhat in the case of