The Rotary Balita no. 747 (June 10, 1954)

Manolo Elizalde told Rotarians at the May 27 luncheon that a "healthy atmosphere" is essential for foreign and domestic capital so they can get to work developing our natural resources, and that producers of the leading exports should not only increase production but also maintain consistency in volume and value. Manolo - who is president of Elizalde & Co., chairman of the Peace and Amelioration Fund Commission, and head of the Philippine Sugar Institute said we must all strive to reduce unemployment to normal percentage because "an army of hungry men is dangerous." One of the most essential requirements in conserving the country's dollar reserves as well as reducing unemployment, he said, is to increase the production of local manufacturing industries.