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War Surplus Property Agreement Tagalog

Given that their contribution to their own defense should be transferred to the Philippine government under the Mutual Defense Treaty, and given the value of surplus land held by the United States, as might be decided, the Philippine government should, I believe, grant us all the other land we need for military and diplomatic purposes. To date, the Philippine government has acquired approximately $15,000,000 worth of surplus property from the Foreign Liquidation Commission. This property has been acquired at different times in the last seven months. Its cost to the Philippine government is on average 54% of the initial procurement costs for the United States. Of our $100,000,000 loan, $85,000,000 remained for the continued acquisition of surplus assets. However, I would like to summarize the main points of the agreement: I have now presented the whole problem to Congress. The President does not have the power under the Constitution to enter into this agreement without the express permission of Congress. I therefore sincerely ask you to vote in favour of this agreement. I propose to sell any surplus property we can to anyone who buys and reserves for the Philippine government and its instruments what can be used with the necessary property and real estate here. All other goods are offered for sale to anyone who buys here or abroad. All amounts derived from these sales will be allocated in accordance with a program that I will present to the next session of Congress.

On August 29, the China agreement was signed and the U.S. mission returned to Manila. We consulted for two full days, and from those conferences came the agreement, a certified copy of which is attached, which I am presenting to the Philippine Congress today. I submit the treaty agreement to Congress for formal approval. I should be determined by an informal agreement that $100,000,000 of the $137,000,000 in excess mortgage emptying that we have under the Tydings Act should be considered, which effectively means “forgiving” the $15,000,000 surplus property that we have already acquired in the past. The China deal did not sell any of the surplus properties in the Philippines. All surplus properties in the Pacific, with the exception of those in the Philippines, were sold to China. There was a clause in the China agreement that any surplus property in the Philippines was not sold to the Philippine government or to Filipino nationals was made available to China. But the U.S. mission returned to Manila, able to offer the Philippine government not only the amount of surplus property originally envisioned, but also any surplus real estate located in the Philippines, with a few exceptions.

We were faced with an offer to transfer the whopping $630,000,000, upfront cost, of surplus assets that are here. This property was spread throughout the Philippines and was located in Aparri landfills, depots and bases in Puerto Princesa. Much of it was still an undeclared surplus and yet under the jurisdiction of the army and navy. But we were offered it if we wanted to. No high-pressure sales art was used. U.S. officials said that if we felt we couldn`t use all of these excess properties, we could limit our negotiations to the original “package.” The U.S. government, we were told, had no desire to embarrass us with an agreement that did not seem entirely satisfactory to us. An agreement was signed to revise Article XIII of the treaty, in which the United States waives exclusive jurisdiction over crimes on the basis of the treaty and establishes a joint criminal court. September.

16, 1966 (4) We receive in respect of the excess property $6,000,000, fair value, value of ships and vessels. The current fair value of all of the property we have acquired is estimated by negotiation at $137,000,000. This amount is based on an average fair value of 21.4% of the initial cost. This is the figure set out in the agreement with China. This is the cheapest compared to the 54% the government paid for previous purchases from the Foreign Liquidation Commission. The Attorney General`s statement, referred to in the second paragraph of my brief, was received on August 28, 1953.3 The Attorney General is of the view that (1) the United States, with the exception of real property that has already been transferred to the Philippines, now has the title it conferred prior to August 4, 1953. In July 1946, he was in the country that included military and naval reserves before the independence of the Philippines; (2) The President has the sole discretion to transfer ownership of such reservations to the Philippines, with or without compensation; (3) There is no obligation on the part of the United States to transfer ownership of property at that time; and (4) there was no adjustment [page 570] and regulation of U.S. property rights within the meaning of the Tydings-McDuffie Act.4 It was obvious, of course, that the Philippine government could not pay in cash for surplus assets that exceeded our credit.

However, the United States wished to eliminate three separate commitments that were under consideration and discussion at the time and for a long time. These three obligations are as follows: surplus assets of approx. $300,000,000, initial cost, for the execution of the credit we still had. However, these negotiations have not yet been concluded before the return of the mission from China. There have been many problems that have involved us in the Chinese negotiations. On the one hand, the Foreign Liquidation Commission desperately wanted to complete all its activities in the Philippines as soon as possible. China was willing to buy here any surplus real estate that was not sold to the Philippine government. .