$25,000,000
Washington, Mar. 6.
Philippine gold production during 1997 will exceed' $25,000,000 and reach an annual output valued at $45,000,000 by 1945, "according to Mr, J. Ht. Marsman, head of 27 Philippine mining enterprises, ~who was attending a meeting of the American Institute of Mining and Metallurgical Engineers here to-day.
Mr, Marsman advocated a 20-year to 25-year extension of free trade relations between the United States and the Philippines in order to enable the Philippines to male ad. justments to new conditions following independence, Grand. Total imo.00 Teo Bullion Shipments saics?Wn 20 san Bl SEa Gt, Batali" ohh Total imports soo "inns, tug, ie Ging, eae Not including nickel and copper sub-Bbsties toto, and Hongkong lay Goes Jao Coe Great Britain, Japan and the} United States ave showing active interest in the expanding mine, acti-vilies in the Philippines, Mr. 'Marsman asserted. He commented on the favourable outlook for chrome ore, predicting that output would increase view of the general' industrial activity in the United States, Extensive exploration for petroleum is being feonducted in the Philippines at present, Mr, Marsman reported, and the out look was said to be encouraging.
The previous estimate of gold production In: the" Philippines "for 1937, which was set at $20,000,000, 2 om ce Sct mae ome cies Teco, sedate of me suomen Marsman said-—United Press.
ser (el, spoust_of pueiaary Provincial Bank up till the present
Text read from the printed page and cleaned; old type leaves the occasional error.