FDR: “I do not hesitate to say that the pay-roll savings plan is the greatest single factor we now have in protecting…”

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

This year we give as well in necessity—necessity for our own.

All Federal agencies are directed to cooperate with the Secretary of the Interior to the fullest extent possible.

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