FDR: “We do not distrust the future of essential democracy.”

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

The coming victory of the United Nations means that they, and not their enemies, have power to establish the foundations of the future.

The Federal Loan Administrator and the War Food Administrator are hereby designated as additional members of the Economic Stabilization Board.

It will recommend agricultural policies and advise Nations on their food and agricultural problems, but it will have no power to coerce or command.