Journal. [1966]

the Journal

No. 1

January, 1966

Vol. XLII

Editorials

THE MARCOS INAUGURAL ADDRESS............................................................
NATIONAL GREATNESS............................................................................
MAURO M ENDEZ....................................................................................
E W A L D E. SE L P H................................................................................
Articles
"MANDATE FOR GREATNESS''-THE INAUGURAL ADDRESS.......... President Ferdinand E. Marcos....
FINANCIAL PERSPECTIVES OF DOMESTIC AND FOREIGN INVESTM E N T.......................................................... A ndres V. C astillo...............
PRESIDENT MACAPAGAL ON THE "PITFALLS" OF THE PRESIDENCY.................................
The Business View

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5
6
6

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12
12

GOVERNMENT AND CURRENT
EVENTS.........................
BANKING AND FINANCE.........
MANILA STOCK MARKET........
CREDIT...........................
ELECTRIC POWER PRODUCTION
REAL ESTATE....................
CONSTRUCTION..................
OCEAN SHIPPING-EXPORTS.....

From Official and
Other Sources....
G.J. Vojta.........
L.L. Recio........
P.P. Cambel.......
V.T. Paterno......
W.J. Ampil........
J.J. Carlos.........
E.H. Bosch........

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27
27
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28

LUMIBER..........................
MINING.........................
COPRA AND COCONUT OIL.......
MANILA HEMP..................
RICE AND CORN..................
SUGAR............................
TOBACCO.........................
IMPORTS....................
COURT DECISIONS..............
TAXES...........................

P. de Ocampo......
E.J. Sanders.......
A.R. Schilts.......
W.S. Reeder.......
F.G. Domingo....
J.H. d'Authreau...
W. Doerner.......
0. Cohen..........
J.M. Rot........
W. Sydp..........

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33
33
34

Departments
Consumers' Price Index................. 38
The "Let Your Hair Down" Column........... 39

THE COVER-A striking aerial photograph
of the Luneta and surroundings taken some
months ago when the new work oa the Luneta
was in progress. In the foreground, the rear
of the Quirino Grandstand; somewhat right
of center, the Rizal Monument; lower lefthand corner, the Manila Hotel; near the top,
the City Hall, below that the Legislative Building, and below that the Finance Building;
first large building to the left, somewhat
above center is the Shurdut Building which
houses the American Chamber of Commerce
and the Journal offices.-Photograph, courtesy
of Mr. Teodoro Valencia.

Chamber Officers and Directors
W. W. DONNELLY, President
A. W. DUNN, Vice President CHARLES R. BUTLER, Treasurer
EARL CARROLL ALLISON J. GIBBS D. I. MARSHALL
A. SORIANO JR. P. A. TILESTON G. H. WHITE
STANLEY N. FISHER ISABELO T. SALMO
Executive Vice President Secretary

The Journal Staff
A. V. H. HARTENDORP

Editor and Manager

J. C. BORJA.................. Business Manager
JAIME M. G. COMIA....................... Assistant
STANLEY N. FISHER......Publisher's Representative

The JOURNAL is a general business magasine published monthly since 1921 by the American Chamber of Commerce of the Philippines, Inc., 6th Floor
Suite 615 Shurdut Bldg., Intramuros, Manila, P. 0. Box 1836. Tel. 4.75.76. Entered as second-class matter at the Meanla Post Offiot on May 25, 1921
and on December 10, 1945. Subscription rate: Effective January, 1966: P40 (US$10 abroad), covering 12 regular monthly issues AND a 600-page
Special Annual Issue - "THE AMERICAN-PHILIPPINE YEAR-BOOK - An Annual Directory and Guide to Philippine-American and AmericanPhilippine Trade, Commerce and Industry". Advertising rates in both publication on request.