Editorial : assurance

Title

Language

English

Source

The Marsman Magazine Volume III (No. 4) October 1938

Year

1938

Rights

In Copyright - Educational Use Permitted

Fulltext

EDITORIAL Table Of Contents ASSURANCE Th2 decision of the Supreme Court of Page the Philippines in the Gold Creek case, September Operating Results Excellent 1 promulgated September 28, to the effect that a valid location of a mining claim prior to the establishment of the Commonwealth on November 15, 1935 segregated the area from the public domain, clears up a point that has been a source of great concern to the mining industry. The point at issue was whether or not the Philippine Constitution would permit the granting of patents on mining claims located, but not patented, before the Commonwealth was inaugurated. The Constitution itself is contradictory on the matter; in one section it states that all mineral lands of the public domain and all natmal resources belong to the State, and their disposition shall be limited to citizens of the Philippines or to corporations or associations at least 60 per cent of the capital of which is owned by such citizens. In another section, however, the Constitution says that citizens and corporations of the (Please turn to next page) San Mauricio Capital Increase Approved . 1 ltogon Mining Company . . . . . . . . . . . . . . . 2 United Paracale Mining Company . . . . . . 2 Philippine Smelting Company . . . . . . . . . . 2 San Mauricio Mir.i:::ig Company . . . . . . . . . 4 Mining For The Investor . . . . . . . . . . . . . . 5-9 SAMPLING Coco Grove, Inc ......................... 10 Work on Construction of American High Commissioner's Residence is Started by Marsman Bldg. Corp. . ............. 11-15 Suyoc Consolidated Mining Company . . . . 16 Mysteries of Mining ...... '• .......... 18-20 CYANIDATION Mindanao Mining Company . . . . . . . . . . . . 20 · Marsman & Co. Producing Mines ....... 22 Editorial-Assurance ................ 23-24 THE MARSMAN MAGAZINE Published each month fo'I' Ma'l'8man & Company, Inc., Marsman Building, Port Area, Manila, Philippines. P. 0. Bore $97 The magazine is sent to all stockholders of Marsman managed properties and to all staff members of the companies associated with the Marsman interests. NOTE: All ore values, bullicm_ figures, etc., given in this magazine are expressed in pesos based on gold at $85.00 an ounce and silver at the ma'l'ket price. Figures given in monthly repo'l'ts are based on mine assays, and may differ to some ezunt from fi:naJ mint or smelter retu'1"11.8. SUBSCRIPTION PRICE. ~5-- A YEAR. RALPH KEELER, Edito'f' and Business Manager Tfj ~ MARSMAN MAGAZINE for October, 1938 23 United States shall enjoy in the Commonwealth of the Philippines all the civil rights of the citizens and corporations, respectively thereof. It was argued that "rights" did not include the right to acquire the possession of mineral lands. The spirit of the Constitution is clear-it was so drawn as to obligate the Commonwealth to respect all obligations incurred by the previous government. The letter of the Constitution, however, was somewhat confusing. As a result, a number of test cases were instituted, af~er a series of conferences between high governmental officials and mining operators. It was felt that a definite .rulil)g should be made once and for all, in order that the mining men might continue their operations without fear of unjustifiable interference. The decision in the Gold Creek case established the basic rights of locations of mining claims to the full possession ')f their land, subject, of course to compliance with existing rules and regulations. A certain amount of red tape may be expected to slow up the process of obtaining patents, but with the assurance that the Constitution provides for their issuance the mining industry as a whole has done much to promote confidence in future relations between the industry and the government. Marsman and Company, Inc. 24 Insurance Department Repre•enting The Employers' Liability Assurance Corporation, Ltd. Insurance Company of North America North China Insurance Company, Ltd. The Manufacturers Life Insurance Company of Canada Filipinas Life Assurance Company Crown Life Insurance Company of Canada Occidental Life Insurance Company of U.S.A. Asia Life Insurance Company THE MARSMAN MAGAZINE for October, fM8

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