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| Pg.1 | Pg.2 Schaer's Ordeal |
July 12, 1944
The Give-Back
Tribune: "Government Firms Returned" — an amazing account of milky changes back and forth of corporations NOT WANTED by the Japanese but NEEDED for the present. The Japanese magnanimously turn over to the Philippines 15 government-owned corporations — all big money-losers. In addition, The City of Manila Tramco Enterprise and the Manila Gas Corporation have been "consigned" to the government for "administration and operation" — the latter is losing P150,000 per month before depreciation. Administrative offices turned over include the Sugar Association [there's no sugar anyway]; the Salt Control Association; the Leaf Tobacco Company [no transportation anyway]; the Shipping Association [after they've chartered all remaining ships], and Primco after they've taken 40% of its stocks of about P11 million book value. (The 40% is worth P150 million in today's prices!) In return, the Philippine Republic, very happy with this Japanese display of generosity, has "invited" the Imperial Army to administer the following: Manila Railroad, Liquid Fuel Distribution, Copra Control, the SS Fathometer (our geodetic ship), Telephones, Power Corporation and so on. De las Alas thanks the Japanese for passing all the white elephants to us: "Truly, we cannot adequately express in words our deepest appreciation for such an act of true magnanimity." (We can, but we'd rather stay alive.) . . . . At 2200 yesterday, a gang of armed youths attempted to rob the De la Riva house nearby and met with a determined woman, Mila, who challenged them. She pushed one too far so he put two bullets above her left knee. At 0200, two robbers attempted but failed to enter the Sotelo house. The point is, despite the strict curfew and at the risk of being shot on sight, robberies are rampant. The reason is obvious: people cannot afford to buy food. Nine out of ten personnel in government offices arrive at work, register, then leave to try to make a living. Some say the police don't want to tangle with robbers because they're only given one bullet! . . . . |