FDR: “I hereby approve said Code of Fair Competition for the Feed Manufacturing Industry.”

Improved standards of nutrition, increased levels of farm incomes, avoidance of agricultural surpluses—these are among the important objectives that the Food and Agriculture Organization will assist the Nations of the world in achieving.

We are absolutely un changed in our policy of two years ago, for immediate Filipino independence.

We seek peace—enduring peace.

All sections of our population—labor, farmers, businessmen have shared and will share in the benefits which increased trade brings.