Coco Grove, Inc.
Media
Part of The Marsman Magazine
- Title
- Coco Grove, Inc.
- Language
- English
- Source
- The Marsman Magazine Volume III (No. 4) October 1938
- Year
- 1938
- Rights
-
- Fulltext
- COCO GROVE, INC. Coco Grove produced P92,012.03 during September. This figure, while lower than that of August, was in accordance with estimates, since both dredges were working in low-grade ground. The average operating time of both dredges was 88 % , which is very satisfactory. The reason for lost time was for stepping, clean-up, and minor mechanical adjustments. The dredger Mary August handled 187,505 cubic yards of gravel from which P53,073.74 was produced. It'. dredged an area of 96,635 square feet to an average depth of 52.3 feet. The protecting seawall in front of· the workyard and the town of Paracale has been completed and has proven its full value during the recent typhoon. The special protection around the Para-. cale lighthouse, consisting of a strong stone packing, was built and completed during September. It also proved its worth during the last typhoon. The dredger Anne Petronella recovered P38,938.29 from 175,880 cubic yards of gravel handled. It dredged an area of 80,220 square feet to an average depth of 59.2 feet. 10 Close Haman Relationships -exist between this bank and the people of this Community. THERE ai'e no dividing lines between the interests and welfare of this bank and the interests and welfare of its neighbors, whether or not they are customers. Our depositors who entrust their funds to our keeping represent a broad average of the men and women of the Community. Our bor· rowers are men and women engaged in active business enterprises which, we feel, entitle them to the use of the bank's credit resources created with the aid of our depositors' money. This bank, as a center of the financial in· terests of these men and women, makes possible interchange of practical helpfulness. PEOPLE'S BANK AND TRUST COl\IPANY Manila,_ Philippines Four Provincial Branches at your Service Baguio, Mountain Province Tarlac, Tarlac-San Pablo, Laguna San Fernando, Pall!_p~nga THE MARSMAN MAGAZINE for October, 1938