Tribune: "Assembly Passes Bill Creating Food Administration Office ... Chief Administrator Given Wide Powers." Primco and Naric are to be placed under its control.

La Vanguardia says Bose will go to battle soon — leading his army into India from an opening in its eastern border. Burma is it.

Brokered a sale of 2,000 shares of Big Wedge for Placido Adad at P1.80 each yesterday. Within 30 minutes, I had the check and he took off with it. Why the rush? I heard today that a Japanese officer is selling him 9 tons of raw cotton at P1 a kilo, which Placido is reselling at P3 plus! But how does a Japanese officer get hold of 9 tons of raw cotton?