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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 58
TO
: 1. The Chairman
Board of
Investments
2. The Secretary
Department of
Agriculture and
Natural
Resources
3. Governor, Central Bank of the
Philippines
WHEREAS, it is to the national interest that exports be promoted in order to hasten the economic development of the country;
WHEREAS, the Export Banana Industry in particular, in which the private sector has investments exceeding P300-million, is beginning to reach its maximum capacity;
WHEREAS, it is the intention of the government to protect these dollar-earning investments and secure the employment of those directly or indirectly employed in the Industry;
WHEREAS, a concerted and determined effort to establish and maintain a stable market and stable prices is necessary to sustain the development of the Industry;
WHEREAS, this market stability may be obtained by achieving and maintaining an optimum hectarage planted to export bananas;
WHEREAS, a stable industry, a stable market, and stable prices can be achieved by regulation of production.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby direct the Board of Investments, the Department of Agriculture and Natural Resources and the Central Bank of the Philippines to take the necessary steps immediately to limit the hectarage planted for banana exports as follows:
1.
The area to be planted for export bananas shall be
the optimum hectarage which can be absorbed by the Japanese market and
other markets as may be developed in the future without creating a
surplus situation and depressing the export price of bananas.
2. Under
present conditions, and until new markets
can be developed or an unexpected increase in the Japanese market
occurs, the hectarage to be planted to export bananas shall be limited
to not more than 21,000 hectares, to be distributed among growers as
follows:
(a)
Only growers with actual plantings as of
November, 1972, as shown in Annex "A" (which is made an integral part
of this Letter of Instructions) shall be permitted to take new
plantings of bananas for export;
(b) Such
growers with actual plantings as of
November, 1972 and listed in Annex "A" shall be permitted to increase
their hectarage planted to bananas by an amount equal to the lesser of
the following:
(i)
The area indicated by them in the industry survey
made in November, 1972 for additional planting, as contained in Annex
"A" hereto; or
(ii) The area
reported to be actually planted by them
as of November, 1972, as shown in said Annex "A".
Provided,
however, that any grower registered with the Board of
Investments as of the date of this Letter of Instruction shall be
permitted to expand to the total area required to achieve this
production capacity by the BOI as shown in Annex "B" (which is also
made an integral part of this Letter of Instructions) hereof, even if
the new plantings exceed the limits above.
3.
At such time that the Japanese market has expanded
sufficiently, or new markets have been developed so as to make
available additional hectarage for export bananas, a committee composed
of the Chairman of the Board of Investments, the Secretary of
Agriculture and Natural Resources, the Governor of the Central Bank and
four (4) representatives of the growers, representing not less than
eighty (80%) per cent of the area then planted shall meet to decide on
the additional hectarage to be planted and the distribution of such
hectarage.
Done in the City of Manila, this 22nd day of February, in the year of Our Lord, nineteen hundred and seventy-three.
Annex "A"
HECTARAGE OF REPORTED PLANTINGS, PROJECTED PLANTINGS AND ALLOWABLE PLANTING OF BANANAS
Planted as Not planted Allowable
Plantation of but to be New
November '72 developed Planting
(Per survey)
1.
Stanfilco Group
a.
Checkered Farms 1
900.00
100.00 100.00
b. Golden
Farms
887.40
112.60 112.60
c. Diamond
Farms
415.80
184.20 184.20
d. Stanfilco
Farms &
small
growers
3,128.40 271.60 271.60
________
_____ _____
Total
Stanfilco
5,331.60 668.40 668.40
________
_____ _____
2. Philippine Packing Corp. Group
a.
Hijo Plantation 2
1,309.00 - —
b. Marsman
Estate
956.00 150.00 150.00
c. AMSFC
2
639.00 186.00 186.00
d. F.S. Dizon
*
198.67 259.32 259.33
e. Lapanday
2
369.90 130.10 130.10
f.
Farmington
330.00 110.00 110.00
g.
Evergreen
292.50 207.50 207.50
h.
Delta
147.98 264.02 147.98
i. Jose
Fernandez
-------- 450.00 ---------
Total
Philxpack
______ _____ ______
Group 4,243.05
1,756.95 1,190.91
______
______ ______
3. Tagum Agric.
Dev. Co., Inc. 2 2,300.00 2,200.00 2,200.00
4. Davao Fruits 2 2,405.00 595.00 595.00
5. Twin Rivers 2 308.00 692.00 692.00
6. Desidal Fruits 240.00 1,560.00 240.00
7. Mabuhay 178.00 2,522.00 178.00
8. Mt. Apo 90.00 11,710.00 90.00
_____ _______ _______
GRAND TOTAL 15,095.65 11,704.35 5,854.31
______ ________ _______
Annex "B"
BOI-APPROVED CAPACITY OF BANANA FIRMS
Firm Registered Capacity
1.
Tagum Agricultural
Development
Co., Inc. 144,327
Mt/annum
2. Hijo
Plantation 4,440,000
cartons/annum
3. Twin
Rivers 4,440,000
cartons/annum
4. F.S.
Dizon 1,000,000
cartons/annum
5. AMS Farming
* 2,821,500
cartons/annum
6. Davao
Fruits * 11,100,000
cartons/annum
7. Lapanday
Agricultural
Development
Corp. 21,600 MT/ annum
8. Checkered
Arms 36,000 MT
1. Source of
Data: Industry Survey as of November,
1972 made by the Banana Growers Association.
2. Registered
with the Board of Investments.
3. Registered
with the Board of Investments.
* Approved but not yet registered.
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