3452 creating the Rice and Corn Administration last June, we are pleased to state that the rice disaster, which had been persistently plaguing our economy and which necessitated the importations of rice, significantly in 1961, is now an occasion of the past. By the first half of this 12 months, we look ahead to the operation of an entire milk manufacturing unit, and in the close to future, the institution of fish and meat canneries which will eventually render the NAMARCO importations of prime commodities pointless. The effect of deregulate on costs was average and far less disturbing than what was initially anticipated. Since the enactment of Republic Act No. One of the main problems which we now have sought to elimi­nate has been the recurring shortages in our staple foods.

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