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Inspired by the XPCC spirit of "loving the motherland, selfless devotion, arduous work, and forging ahead with pioneering endeavors," over the past six a long time the XPCC employees have, generation 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 further speed up growth at the grassroots level, the rural banking motion was intensified throughout the previous 4 years. Volume of Physical Production - Throughout the past 4 years now we have seen the full domestic goods and services increased by 17.4 per cent. We have now raised our legations in Karachi, Pakistan; New Delhi, India; Seoul, Korea; and Saigon, South Vietnam, to the status of the embassies. Today, with our total trade expanded from P1.8 billion in 1954 to P1.9 billion, now we have channelled forty two per cent of it to Europe, Asia, and Central and South Amer­ica. That we've got succeeded to a sure extent in the judi­cious use of our worldwide reserve to safe benefits to the economic system is evident from.

Such measures and insurance policies were supposed to verify untoward developments primarily attributable to the forces of nature or by international occasions past our control and also by our personal transgressions in opposition to the eternal verities and the laws of measure and proportion. Fortunately, we have now succeeded to an administration that was also our own because most of us have been part of it and since, underneath the idea of social gathering duty, its policies were formulated and carried out by us. We now have also witnessed the establishment or 533 "new and necessary" industries out of 830 granted tax-exemption privileges by the federal government underneath Republic Act No. 901. Non-agricul­tural employment in 1289 establishments in the nation has risen by 14.5 per cent throughout this period of expansion. Government monument." Charles graciously acknowledged the concept, but reminded Frenger: "It has been a fairly hard fight to put the concept over. We now have 102 banking establishments effectively distributed over the nation. Our first and quick purpose, as I have already announced in my inaugural tackle, is self-sufficiency in meals, specifically in rice, corn, and fish.

In the primary mission, our Armed Forces participated in a number of manoeuvres, conferences, and seminars under 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 cases; the Court of Tax Appeals decided ninety three out of 114 cases dealt with; whereas the Juvenile and Domestic Relations Court, during only six months of operation, disposed of 3,200 out of 7,000 instances. I wish to name your consideration to the truth that while the admin­istration before 1954 used borrowed money for each budget­ary and financial development purposes, our administration borrowed only for economic growth. Curbing such con­sumption and eliminating wasteful and unproductive activ­ities the only secure and sound approach by which we will transfer forward in our improvement program without working the risk of national retrogression. One route anticipated by federal officials was the "Southern National Highway," which may connect Alamogordo to El Paso after which San Diego. Treasury by way of the inner Revenue Service only about $1.00." Galles took delight in New Mexico's cleverness, claiming that "we revenue by federal support," with "the burden of taxes .

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