Credit

Title

Credit

Creator

Muilenburg, C. W.

Language

English

Source

The American Chamber of Commerce Journal Volume XXVIII (Issue No.1) January 1952

Year

1952

Rights

In Copyright - Educational Use Permitted

Fulltext

Credit By C. W. Muilenburg Manager, Credit & Collection Department International Harvester Company of Philippines November.................................................. 42,628,000* 39,268,000 December.................................................. 45,700,000** 41 099,000 Total.................................................. 497,265,000** 458,576,000 Association of credit men, inc. (p.i.)The Association held its regular monthly directors’ meet ing December 18, 1951, and reviewed and adopted proposals for various changes and revisions in process report sheets and reciprocal report forms. It is to be hoped that these revised forms will prove to be of considerable assistance to all members, in that the changes should pro vide more complete and pertinent and helpful information without imposing hardship on members who provide the information. These forms are being printed and will be submitted to all members for approval before they are put into use. The change results from deletions of items no longer applicable and inclusion of others which now seem advisable and other changes to simplify and clarify the reciprocal report itself. The membership of the Association was increased in December by two new members, Warner, Barnes 8c Co., Ltd. becoming an active member as of December 1, 1951, and Atlantic Gulf and Pacific Co. as of December 15,1951. The directors are interested in increasing still further active membership in the Association by admitting reputable and qualified firms. An important function of the Association of Credit Men, which is not generally known to outsiders, is to pro vide protection to members not only in the matter of com mercial credits and directly related matters, but to perform such kindred lines of work with the idea of bringing about mutual improvement and greater security and certainty in business customs and usages of trade. The Articles of Incorporation and the By-Laws and the Code of Com mercial Ethics as adopted by the Association (substantial parts of which have previously been printed in this Journal) clearly point out the purposes of the Association and the methods by which it is operated. The Association has continuously advised its members of specific instances of unfair and unethical dealings and transactions and has attempted to provide advice sufficiently early to all members to protect them against unethical practices. Some of these general practices are dishonest and some illegal.' In this activity the Association has not only protected its members, saved them unnecessary expense, but has served to im prove the standard of practices in the community. The Association is quietly but actively undertaking such steps as it can to improve justice and fair dealing among all people doing business in the Philippines since it is upon this justice and fair dealing that the entire structure of credit is so dependent. ’•Partially estimated. several electric production-records were established ‘■’in December; the highest monthly output; the highest daily output of 1,611,900 kwh on December 21; and a new peak of 114,400 kw also on the 21st. December output was 4,601,000 kwh above December 1950, an increase of 11.2%. This is the highest rate of increase in over a year. Output for 1951 was 38,689,000 kwh above the year 1950, an increase of 8.4%. This compares with an increase in 1950 over 1949 of 38,135,000 kwh, 9.1%. In 1952 it is expected that additional industrial loads will slightly accelerate the rate of increased output. Real Estate By Antonio Varias Vice-President, C. M. Hoskins &> Co., Inc., Realtors Electric Power Production (Manila Electric Company System) By J. F. Cotton Treasurer, Manila Electric Company REAL estate sales in the Greater Manila area regis tered during the month of December numbered 549, with a total value of P7,871,967, as compared with 457, with a total value of P5,008,804, registered during the preceding month of November. Of the December sales, 168, with a total value of P2,622,303, represented deals within Manila proper, while 381, with a total value of P5,249,864, were sales within the cities of Quezon and Pasay, and in the suburban towns of Caloocan, Makati, Malabon, Mandaluyong, Paranaque, and San Juan. Among the bigger sales registered during the month were: A tract of 28,888 square meters on Baranca, Mandaluyong, sold by Ortigas, Madrigal y Cia. to Philippine Industrial Textile Manufac turing Co. for P202.216; Several lots in Calaanan, Caloocan, sold by Toribio Teodoro to Toribio Teodoro & Sons, for the reported sum of P184.308; A property with a lot of 2,782.4 square meters on Taft Avenue, Malate, sold by Vicente Ang to Jesus G. Barrera for P140.000; A whole block situated in North Balut Subdivision, Tondo, sold by the B & I Realty Company to Eduardo Co Seteng 8b Sons for Pl 18,637; A parcel of 3,858 square meters on Otis and Sanciangco streets, Paco, sold by Felipe Juico to the Bulkley Dunton Paper Company for Pl 10,000; and A 2-story building with a lot of 601 square meters at 912-916 Lope de Vega, corner O’Donnell streets, Sta. Cruz, sold by Gabriela de Leon to Beatriz de Tanjuako for P110.000. Real estate mortgages registered in the Greater Manila area during the month numbered 463, with a total value of P9,201,607, as compared with 458, with a total value of P9,255,414, registered during the month of November. Of the December total, 189, with a total value of P3,186,761, represented deals within Manila proper, and 274, with a total value of P6,014,846, were deals within the cities of Quezon and Pasay, and in the suburban towns mentioned above. 1941 Average—16,316,000 KWH REAL ESTATE SALES (From January to December, 1951) KILOWATT HOURS 1951 1950 January...................................................... 40,713.000 37,661,000 February.................................................... 37,066,000 33,828.000 March......................................................... 40,117,000 38,107,000 April............................................................ 39,197,000 35,378,000 May........................................................... 40,405,000 37,611,000 June...................................................... 40,712,000 37,529,000 July............................................................. 42,041,000 38,774,000 August........................................................ 42,817,000 39,872,000 September................................................. 41,852,000 38,791,000 October...................................................... 44,017,000 40,657,000 Manila Quezon City Pasay City Suburbs January.. February March... April.... May........ June........ July......... Sept........ October.. November December P4,466,475 3,549,050 4,562,104 5,272,052 2,586,055 2,793,341 2,839,423 1,890,113 3,879,750 2,021,905 2,146,210 2,622,303 Pl,267,690 3;775,341 1,698,970 1,178,036 1,394,514 1,435,895 1,066,942 1,986,826 946,647 1.325,274 1,438,478 3,682,829 P743.346 709,598 645,878 487.954 819,779 578.954 497,387 149,318 119,942 652,482 125,130 96,966 Pl,453,264 1,411,773 1,814,525 1,738,654 1,505,885 1,793,395 1,697,312 1,295,144 872,029 1,317,305 1,298,986 1,470,069 Total P7.939.775 8,445,762 8,721,477 8,676,696 6,306,233 6,601,585 6,101,064 5,321,401 5,818,368 5.316.966 5,008,804 7.871.967 15

pages

15

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