MOP, Bk 8 Pt.2, v.4, 258
Done in the City of Manila, this 5th day of September, in the year of Our Lord, nineteen hundred and sixty-one, and of the Independence of the Philippines, the sixteenth.
- Ormoc Sugar Company, Inc., provided that the central shall continue to give its planters transportation allowances as provided for in the revised milling contract between the central and its planters.
- Bogo-Medellin Milling Co., Inc., provided that improvements being undertaken to increase the capacity of the mill and factory shall be continued and that the increase in the planters’ participation of 1½ per cent given since 1952-1953, thus making the planters’ participation 57½ per cent in addition to the escalator clause giving the planters 60 per cent of all sugar and molasses manufactured from and including the 131st milling day, shall continue to be enforced.
- Asturias Sugar Central, Inc., provided that the planters’ participation shall continue to be increased to 57 per cent.
- Hind Sugar Company, provided that 55 per cent of the equivalent of the progressive tax shall be paid to the central planters as additional benefits.
- Central Azucarera del Norte.