Court of Tax Appeals

Banking Corporation as Trustee of Various Retirement Funds vs. Commissioner of Internal Revenue

CTA Case No. 4807 January 20, 1997

CITYTRUST

REPUBLIC OF THE PHILIPPINES

COURT OF TAX

APPEALS

QUEZON CITY

BANKING CORPORATION

Trustee of

Various Retirement

Funds,

Petitioner,

versus

C.T.A.

CASE

NO.

4807

COMMISSIONER OF INTERNAL REVENUE,

Respondent.

Promulgated:

"u .. ;.: z o 1897 e-F

-·

D·EC IS I ON

This

case

involves

a claim for

refund in the

total

amount

P14,888,422.93

a I I eged I y

representing

erroneously

and/or

i I I ega I I y co I I ected f ina I

withholding

taxes on

income derived

by various

retirement funds

savings

and time

deposits, money

market placements

and

government

securities for the calendar year

1990.

Petitioner

a commercial

banking corporation

duly

organized

and

existing

under

Philippine

lo.ws

a ncl

authorized to

perform trust

functions

and

activities

the

Central

Bank of the

Phi I ippines.

tl1c

trustee

and

the

investment

manager

various

trust

(hereinafter ca I I ed the

"FUNDS">,

created

pursuant to

the

Plans set up

by the employers concerned,

for

the

purpose

.tn

DECISION -

C.T.A. CASE NO. 4807 - 2 - of providing retirement, separation, death and disability benefits to their respective employees who are the member of the Plans, to wit:

Citibank CityTrust Banking Corporation ITT Singapore Airlines, Inc.

International Flavor and Fragrances Atlas Copco (Phils.), Inc.

American President Lines Goodyear Phi !tread A.H. Robins Phils., Inc.

Mercury Singer Sewing Machine MJOPFI North Negros PPC - Provident Fund PPC - Group Insurance Cont. Fund Nestle Phi Is., Inc.

Texas Instrument Caltex (Phils.), Inc.

Ass'n. of lnt'l. Shipping Dow Chemicals CEAP Roya I Insurance Security Plan Sime Darby Boehringer lngelheim J.

Walter Thompson CEPALCO Mondragon Pacific Enamel PNOC Armco Marsteel AI loy Corp. ALPAP - Employee Benefit Fund ALPAP - Strike Support Fund ALPAP - Disabi I ity Fund STAL - ASTRA Mani Ia Golf - Caddy Welfare Mani Ia Golf - Death Cyanamid Hemisphere BASF Phils., Inc.

ALPAP - Con j uangco Trust Fund Admiral Realty Co., Inc.

DECISION - C.T.A.

CASE NO.

4807 - 3 - Intel Phi Is., Inc.

ECCP MIT Retirement Fund, Inc.

Henkel Phi Is.

Coca-Co I a BottI ers, I no.

Amcor/Anam Pilipinas Sharp Phi Is.

Colgate-Palmolive Phi Is. Foseco Phils, Inc.

Malaysian Airlines Victory Liner Boehringer Employee Counci I Loyola Life Plan Sen. Citizen Ault & Witborg Co.

We I come Phi Is., I no.

Japan Airlines Southern Motors of Davao Poblador, Adaza & Associates Phil.

Belt Mfg., Corp.

The Plans allegedly complied with the requirements for a reasonable benefit plan, prescribed by Republic Act No.

4917, as implemented by Revenue Regulations No.

1-60 and were a I I eged I y certified by the Cornm iss i oncr o·F I nterna I Revenue as a "qua I if i ed" or tax-exempt pI ans.

In 1990, petitioner as trustee and investment manager of the Fuhds deposited, invested and reinvested from time to time, the contributions of the members in savings and time deposits, money market placements and in securities with various banking ancl financial institutions.

According to petitioner tl1c interest income or yield from bank deposits and investments were erroneously and/or illegally subjected to 20% final withholding by the banks and financial institutions. A?

DECISION - C.T.A. CASE NO.

4807 - 4 - Hence, in a I etter, dated February 27, 1992, f i I ed with the Commissioner of Internal Revenue on March 6, 1992, petitioner requested for the refund of the amount of P14,888,422.93 representing the aggregate amount of taxes erroneously and/or i I legally witllheld for the year 1990.

As the two-year prescriptive period is about to expire and the claim for refund is still pending with the Commissioner, petitioner filed the instant petition on May 22, 1992.

Respondent's answer to the petition contained the usual special and affirmative defenses used by respondent to thwart any claim of similar issue, to wit:

1 • action;

The petition states no cause of 2.

A claim for refund is construed strictly against the claimant since it partakes of the nature of an exemption from taxation; 3.

Taxes are presumed to have been paid and collected in accordance with law; 4.

Petitioner, as mere trustee of various retirement funds, is not entitled to income tax exemption on the earnings of said retirement funds;

The exemptions granted under Sections 21(d) and 24(cc) of the Tax Code have been revoked by P.O.

No. 1959;

Petitioner has not sufficiently shown that the tax sought to be refunded was actually withheld and remitted to respondent; AI)

DECISION -

C.T.A.

CASE NO.

4807 - 5 - 7.

It has the burden of proving tl1at it is entitled to a tax refund and it failed to establish that the tax withheld hns been erroneously or i I legally collected; 8.

The power of this Court to suspend co I I ect ion of taxes under Section 11 o·f RA 1125 applies only to cases involving appeals of disputed assessments and since this is an a c t i o n f o r r e f u n d of a f i n a I t a x , t h e p r; \'t e r t o suspend co I I ect ion of taxes cannot be i nvokc in this case;

and 9.

Taxes are the I ifeblood o-r the government, and their prompt and certain avai labi I ity is an imperious need.

H1us, to grant the suspension of the co I I cct i o n of tuxes as prayed for by petitioner will not or:iy run counter to the intention of Section 11 of RA 1125, but will also j eopardize tile interec,t of the government.

The lone issue to be resolved is whether or not petitioner is entitled to the refund of tile amount of P14,888,422.93 as 20% final withholding tax on interest income or yield of the various retirement funds managed by petitioner for the year 1990. We rule in favor of petitioner . The I ega I issue of whether the income ear· ned by the retirement funds are exempt from the final withholding tax has already been settled by the Supreme Court in the precedent-setting case of Commissioner of Internal Revenue vs.

Court of Appeals, 207 SCRA 487, wherein the High Court En Bane intelligently ruled: "To begin with, it is significant to note that the GCL Plan was qualified as exempt from income tax by the Commissioner of Internal

DECISION -

C.T.A.

CASE NO.

4807 - 6 - Revenue in accordance approved on 17 June specifically provided: with Rep.

1967.

Act No.

This SECTION 1.

Any provision of law to the contrary notwithstanding, the retirement benefits received by officials and employees of private firms, whether individual or corporate, in accordance witt1 a reasonable private benefit plan maintained by the employer shal I be exempt from a II taxes and sha I I not be I i ab I e to attachment, I cvy or seizure by or under any legal or equitable process whatsoever except to pay a debt of the official or employee concerned to the privnto benefit plan or that arising i'I'Oiil liability imposed in a Cl'iminul action;"

x x x

(emphasis ours) 4917 law In so far as employees' trusts are concerned, the foregoing provision should be taken in relation to then Section 56{b) <now 53[b]) of the Tax Code, as amended by ncR.

Act No.

1983, supra, which took effect on 22 June 1957.

This provision specifically exempted employees' trusts from income tax and is repeated hereunder for emphasis: Sec.

56 Imposition of Tax.

(a) Application of tax.

Tile taxes iposed by this Title upon individuals shall apply to the income of estates or of any kind of property held in trust.

XXX XXX XXX (b) Exception.

The tax shal not apply which forms part imposed by this Title to employees' trust of a pension, stock sharing plan of an bonus or profit employer for the benefit of some employees x x x" or all of his The tax-exemption privilege of employees' trusts, as distinguished from any other kind of DECISION - C.T.A. CASE NO.

4807 property foregoing Manifest singled exemption.

- 7 - held in trust, springs from the provision.

It is unambiguous.

therefrom is that the tax law has out employees' trusts for tax And rightly so, by virtue of the raison d'etre behind the creation of employees' trusts.

Employees' trusts or benefit plans normally provide economic assistance to employees upon the occurrence of certain contingencies, particularly, old age retirement, death, sickness, or disability.

It provides security against certain hazards to which members of the Plan may be exposed.

It i s a n i n d e p e n d e n t a n d a d d i t i o n a I s o u t' c e of protection for the working group.

V!IL:<t is more, it is established for tllcir exclusive benefit and for no other purpose. The tax advantage in Rep.

Act No.

1983, Section 56(b), was conceived in or-der- to encourage the formation and establ isl1ment of such private Plans for the benefit of laborers and employees outside of the Social Security Act .

E n I i g h t e n i n g i s a p o r t i o n o f t 11 e explanatory note to H.B.

No.

6503, now 1\.A.

1983, reading:

Considering that under Section 17 of the Social Security Act, all contributions collected and payments of sickness, unemployment, retirement, disability an d dcnth benefits made thereunder together with the income of the pension trust are exempt from any tax, assessment, fee, or charge, it is proposed that, a similar system providing for- retirement, etc.

benefits for' employees outside the Social Security Act be exempted from income taxes. "

(Congressional Record, House of Representative, Vol.

IV, Par-t 2, No.

57, p.

1859, May 3, 1957;

cited in Commissioner of Internal Revenue v.

Visayan Electric Co. , et al. , G.n.

No.

L-22611, 27 May 1 966 , 23 SCRA 715);

ita I ics supplied.

DECISION -

C.T.A. CASE NO.

4807 - 8 - It is evident that tax-exemption is ikewise to be en j oyed by the income of the pension trust.

Otherwise, taxation of those earnings would result in a diminution of accumulated income and reduce whatever the trust beneficiaries would receive out of the trust fund.

This would run afoul of tho ve ry intendment of the law. The deletion in Pres.

Decree No.

1 959 of the provisos regarding tax exemption and preferential tax rates under the olÄ lÅw, therefore, can not be deemed to extend to employees' trusts.

Said Decree, being a general law, cannot repeal by implication a specific provision, Section 56(b) (now 53[bJ) in relation to Rep.

Act No.

4917 gr#nt i ng exemption from income tax to employees' trusts .

Rep.

Act 1983, which excepted employee::;' trusts in its Section 56(b) was effective on 22 June 1 957 while Rep.

Act No.

4917 was ena ct e d on 17 June 1967, long before the issuance of Pres.

Dec r e e No .

1 9 5 9 o n 1 5 0 c t o be t' 1 9 G ·l .

A subsequent statute, general in c h aracter as to i t s t e r m s a n d a p p I i c at i o n , i s n o t t ·) be construed as repealing a special or specific enactment, unless the legislative purpose to do s o i s m a n i f e s t e d • T h i s i s s o c v c n i ;' t !1 c provisions of the latter are sufficiently comprehensive to include what was set forth in t h e s p e c i a I act ( V i I I ega s v .

s u b i d o , G • ;1 • r l o • L-31711, 30 September 1971, 41 SCRA 190).

Notably,· too, all the tax pt·ovisions herein treated come under Title I I of the Tax Code on "Income Tax".

Section 21(d), as am e n d e d by R e p .

Act No .

1 9 59 , r c f e r s t o t l1 e final tax on individuals and fa!!s under Chapter I I;

Section 24(cc) to the final tax on corporations under Chapter I I I;

Section 53 on withholding of final tax to Returns a n d Pnyment of Tax under Chapter VI;

and Section 5G(b) to tax on Estates and Trusts covered by C!1nptcr VII.

Section 56(b), taken in con j unction witl1 Section 56(a), supra, explicitly excepts employees' trusts from "the taxes im!)o::>ccl by this Title".

Since the final tc.x ;.::.d ·:1e withholding thereof are title on "Income Tax", embraced it f 0 I I OV/S Vii t !1 in t l'l<:t t llC said

DECISION -

C.T.A.

CASE NO.

4807 - 9 - trust must be deemed exempt therefrom.

Otherwise, the exception becomes meaningless. There can be no denying either that the final withholding tax is collected fr'om income in respect of which employees' trusts are declared exempt (Sec.

56[b]), (now 53[b], Tax Cod e ) .

T h e a p p I i c at i o n of t 11 e VI i t 11 11 o I d i n g system to interest on bank deposits or yield from deposit substitutes is essentially to maximize and expedite the collection of income taxes by requiring its payments at the source.

If an employees' trust I ike tt1e GCL enjo1r> a tax-exempt status from income, we see no looic in withholding a certain percentage of that i nco me w h i c h i t i s not s up posed to pay i n t 11 c first place.

Petitioner also relies on Revenue Memorandum Circular 31-84, dated 30 October 1984, and Bureau of Internal Revenue nuling No.

027-e-000-00-005-85, dated 14 January 1005, as authorities for the argument that Pres.

Decree No.

1959 withdrew the exemption of employees' trusts from the withholding of the final tax on interest income.

Said Circular' and

Ruling

pronounced that the deletion o·f tl1e exempting and preferential tax treatment provisions by Pres.

Decree No.

1959 is clear manifestation that the single 15% tax rate is imposa!)le on a I I i n t e r e s t i n corn e reg a r d I e s s o r t il 0 t a x status or character of the rec i pi cnt ti1crcof.

But since we herein rule that Pres.

Decree No.

1 9 59 d i d n o t ' h ave t h e e f f e c t of r e v o !{ i n g t 11 e tax exemption en j oyed by employees' trusts, reI i ance on those author it i cs is now misplaced. "

During the hearings conducted by this Court, it was only petitioner's counsel who presented documentary and testimonial evidence to support its case.

No evidence whatsoever was submitted or presented by respondent's counsel.

DECISION -

C.T.A. CASE NO.

4807 - 10 - Based on the above-quoted authority, t 11 e v a r i o u s valid retirement funds managed by petitioner is therefore exempt from the final withholding tax.

However, t 11 c Court recommends the refund of a lesser amount than what was claimed for.

The f o I I ow i n g ret i rem c n t f u n d s 11 ave been denied its claim for refund due to tl1c failure of the petitioner-trustee to present their BIR qu.:11 i-!icntion as to their exemption, to wit:

Texas Instrument 2.

Security Plans 3.

STAL - ASTRA 4.

Loyola Life Plan Senior Citizen 5.

Southern Motors of Dnvao Similarly, the Mondragon I n t e r n at i o n a I P 11 i I s .

Inc.

and Armco Marsteel Alloy Corp.

retirement funds have been excluded from the I I st of qua I if i ed retirement funds for lack of valid certifications of exemption issued by the BIR.

The mere letters of the BIR stating that their retirement plans Were referred to the Chief, Government and Tax Exempt Division for necessary investigation cannot qua I i fy as a va I i d certificate of exemption.

Only when it has been certified by the BIR that tl1ey qualify as a valid retirement plan can the exemption apply. D i sa I I owance of the rest of the cIa i ms was due to p r e s c r i p t i o n p u r s u a n t t o S e c t i o n 2 3 0 o ·f t 11 () T a x C o d e .

The fl I ing of the claim for refund with the BIR and with this Court should be made within two 12) years from the - ·- DECISION - C.T.A. CASE NO.

4807 - 11 - date of payment of the tax. And for purposes of counting the two-year period within which to file a claim for refund of final taxes on interest income derived from deposits and yield from deposit substitutes, Sections 50 and 51(a) of the Tax Code, as implemented by Sec.

5 of Rev.

Regs.

No.

17-84 shall govern.

In the recent case of INTERBANK EMPLOYEES' RETIREMENT PLAN represented by its T:- t' :-:tee, In ter national Corporate Bank Trust Divi::;icn,

COMMISSIONER OF

INTERNAL REVENUE, C.T.A. Case No.

July 30, 1996, we have ruled that:

"The Tax Code provisions on final withholding taxes pertinent to this case arc quoted hereunder:

'SEC. 50. Withholding of tax at source .

(a) Withholding of finn/ tax on certain incomes.

Tho tTx imposed or prescribed by Sections 21 (c), 21 (d) (2);

22(a) (2), (b), (c), (d), (e);

24(e) ( 1),

and 25(a)(4), (a)(5), (a)(6)(A), (a)(6)(B), (a)(6)(C)(ii), (b)(1), (b)(2), (b)(3), (b)(:j), (b)(5)(A), (b)(5)(B), (b)(5)(C)(ii) of this Code on specified items of i n c om e s h a I I be w i t h h e I d by p a '/ o r' - corporation and/or person and p a id in the same manner and sub j e c t to t !1 c same conditions as provided in Section 51 of the National Internal Revenue Code, as amended. ' 'SEC.

51.

Returns and payment of taxes withheld at source.- (a) Quarterly returns and payment of The V'3.

4081 ,

DECISION -

C.T.A.

CASE NO.

4807 - 12 - taxes withheld.

Taxes deducted and withheld under Section 50 shal I be covered by a return and paid to the Revenue District Officer, Collection Age nt, or duly authorized Treasurer of the city, or municipality where the witl1holding age nt has his legal residence or principal place of busin ess or where the withholding agent is a corporation, where the principyl office is locat ed.

The tax«¬ deducted and withheld by ·<::w withholding age nt shal I be held as a special fund in trust forª ti10 Governm e nt unt i I paid to i: r:c collecting officers.

T!;c Commissioner of Internal Revenue may, with the approval of the Secre tary of Finance , require these withholding agents to pay or deposit the taxe3 deducted or withheld at more frequent intervals whe n necessary to protect the interest of the Governme nt.

The return for final withholding t©x s h a I I be f i I e d a n d t h e p a y 111 e n t m c.: rJ o within 25 days from the close of each c a I e n d a r g u a r t e r , w h i I e t 11 e r· e t u 1¨ n for creditable withholding taxes s h a I I b e f i I e d a n d t 11 e p a y m e n t r;l a cl o n o t I at e r t h a n t h e I a s t d a y o ·f m o n l: l1 following the close of the qunr'tcr' during which withholding was mad('. "

( As am e n de d by B . P .

B I g .

<1 1 • ) [Underscoring supp I i ed]) S ection 5 of Revenue Regulations No.

17-84 (Octobez 1 2, 1984), implemented the above- m entioned provision, to wit:

'SEC.

Manner of Filing Return and Payment of Taxes.

Tile tax es herein deducted and withheld shall be paid upon f i I ing a retur{n, in duplicate, with the Revenue District Offic er or the Collection Agent of the city or duly authorized treasurer of the mun i c i pa I i ty where the withholding agent's principal offic e is locate d and where its books DECISION - C.T.A. CASE NO.

4807 - 13 - of accounts are kept except in cases where the Commissioner of Internal Revenue allows otherwise.

TtHn required return shall be filed witt1in twenty-five

(25) days after tl1e end of each quarter of any calendar j·' <Emphasis ours.)

This was subsequently amended by Rev.

Regs.

No.

23-84 (effective January 1, 1985), cal I ing for the remittance of taxes withheld by the banks within 10 days after the end of each m o n t h .

R e v .

R e g s .

No . 2 3 - 8 4 w a s I a t e r a til e n d e d by Rev.

Regs.

No.

3-85 (March 1, 1g05, effective beginning the second quarter of calendar year 1985), restoring the original period of 25 days after the end of each quarter to file the required return. Section 2 of nt)V.

Regs.

No. 3-85 reads as follows: 'Section 2.

Manner of fi I ing returns and payment of taxes .

Tme provisions of Section 5 Regulations No.

17-84 on of f iIi ng returns and taxes withheld which was of Revenue the manner paying t :1 e amended by Revenue Regulations hereby restored and f o I I ows:

No.

23-84 is shall read as SECTION 5.

Manner of fi I ing returns and payment of taxes.

The taxes herein deducted and withheld shall be dcclalkod in a return which shall t;o filed in duplicate within twenty-five

(25) days after the end of each quarter of any calendar year with tho Revenue District Officer or Collection Agent or duly authorized Treasurer of the city or municipality wl•ere the withholding agent's principal office is located and where its books of accounts are kept except in

DECISION -

C.T.A.

CASE NO.

4807 - 14 - Commissioner of Internal Revenue otherwise allows.

Upon filing of the return payment of the taxes shal I be made to accredited banks, or, in places where there are no such banks, to the Collection Agent or authorized Treasurer.' Municipal It is clear from the foregoing that the return and remittance of the corresponding final taxes withheld on income derived from b a n k de p o s i t s a n d y i e I d f r om cl '.) p o :> i t substitutes should be filed within twenty-five ( 2 5 ) d a y s f r o m t h e c I o s e o f c a c h c :1 i c ul c< r quarter.

The two-year prescriptive period to file a claim for refund commences to run from tlic date of payment of the tax (Sec.

230 i,J!RC).

Considering that the final withholding tnx on interest on bank deposits and yield on dcpo3it substitutes is to be remitted or paid on the 25th day following the end of each quartcl' tl1on the tax withheld is deemed paid on the 25th day f o I I ow i n g t h e e n d of t h e q u a r t e r ( 13 a n 1.;

o r t i l e Phi I ippine Islands as Trustee of the P,\L Pi lot::;

Retirement Benefit Plan vs .

Commisslonr of Internal Revenue, CTA Case No.

4217, Octocr 22, 1992;

Supreme Court resolution denying petition for review on certiorari has become final and exe6utory on January 10, 1994)."

In view of the foregoing, the claim for refund of herein petitioner for the first quarter of 1990 is deemed prescribed.

The last day of filing and remitting the final withholding taxes for the first quarter of 1990 was on Apr i I 25, 1990.

The two-year period to claim for te refund of such taxes lapsed on Apri I 25, 1992 considering -n DECISION - C.T.A. CASE NO.

4807 - 15 - that the petition for review was filed only on May 22, 1992.

Although as aforementioned, some of petitioner 's exhibits did not serve their purpose, nonetheless some of them sufficiently warrant petitioner 's entitlement to a refund.

The burden of proof was overturned by petitioner but only to the amount of P6,338,446.44, computation of which is reflected in Annex"A" which shall forIm part of this decision.

WHEREFORE, in view of all the foregoing, respondent is hereby ORDERED to REFUND in favor of petitioner Citytrust Banking Corporation, as Trustee of Various Retirement Funds, the amount of f' 5 : 3 2, 8 l IJ 4 6 • 4 t1 1 representing validly proven erroneously withheld taxes of the various qualified retirement funds for the year 1990.

SO ORDERED.

I CONCUR:

-C -:e:; a. a_rh ERNESTO 0 .

.1'\COS-:-.\ P r e s i d i n g J u ·:J H:· (!

DECISION -

C.T.A. CASE NO. 4807 CERTIFICATION l hereby certify that this decision was reached after due consultation with the members) of the Court of Tax Appeals in accordance with Section 13, Article Vij} of the Constitution.

Ge Q Cai ERNESTO D. AC Presidiag nae Court of Tak Apneals

ARNEX *

Tth KO.

5¢-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 5¢-001 5C-001 5C-001 5C-001 5C-001 5C-001 5C-001 Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank Citibank

ACCOUNT KAWE

a’ - cecsiston in CTA Case fo. 4857 VALUE DATE 04-04-90 04-04-90 08-06-90 08-09-90 08-10-90 08-30-90 09-04-90 09-05-90 09-12-90 09-19-90 09-28-90 10-03-90 10-03-90 10-08-90 10-12-90 10-14-90 10-26-90 10-29-90 11-23-90 12-05-90 F-4-a-4 F-14-ee-4 F-14-0-4 F-8-d-4 F-B-g-4 F-8-r-4 F-9-a-4 F-13-2-4(b) F-15-h-4 F-14-b-4 F-9-g-4(a) F-10-v-4(c) F-13-aa-4(a) 179,361.73 128,797.31 377.32 259,854.56 26.37 528.79 22.91 5,622.43 1,025.27 5,197.81 1,930.84 13,897.47 25,504.62 97,998.64 401.03 378.18 4,507.06 735.39 16,016.08 11,342.98 WITRHOLOIKG TEX 35,872.

25,759.

15, 51,970.

ip 105.

4, 1,124.

205.

1,039.

386.

2,779.

5,100.

19,599.

80.

15.

901.

147, 3,203.

2,268.

CLAIM WITH

TRE BIRICTA

ENQUNT REFURCAELE 12-g8+59 Fete-d-4i2) S257 223,03 10-02-58 F-12-c5 41 9} 12,852.44 Dames tg BL! Citytrust ferkirg Corp. Ge-12-0 F-1d-2-4 4 b62 24 $72.85 Citytrust Eenking Corp. GE-25-29 F-15-e-4 3,452.24 t22.47 Citytrust fecking Corp. O?-if-20 F-T-e-4 6,222.23 1,242.45 Citytrust Benkizg Corp, 07-23-90 F-7-7-4 1,041.88 268.32 Citytrust Benking Corp. 08-03-S0 F-14-k-é 39,286.20 7,651.24 Citytrust Banking Corp. 08-07-90 F-8-c-4 18.47 3.69 Citytrust Benking Corp. 08-09-90 F-8-e-4 1,411.44 282.29 Citytrust Banking Corp, 08-13-90 F-8-h-4 412.86 82,57 Citytrust Banking Corp. 08-17-90 F-8-j-4 7,869.27 1,573.85 Citytrust Banking Corp. 08-31-90 F-14-j-4 663.13 132.63 Citytrust Banking Corp. 09-05-90 F-13-2-4(a) 878,50 175.70 Citytrust Banking Corp. 09-14-90 F-15-j-4 1,574.05 314.81 Citytrust Banking Corp. 09-20-90 F-14-a-4 832.02 166.40 Citytrust Banking Corp. 09-21-90 F-9-c-4 3,608.20 721.64 Citytrust Banking Corp. 09-24-90 F-9-d-4{a) 12,176.81 2,435.36 Citytrust Banking Corp. 10-03-90 F-10-v-4(b) 140,364.46 28,072.89 Citytrust Banking Corp. 10-08-90 F-10-c-4(b) 1,649.81 329.96 Citytrust Banking Corp. 10-09-90 F-10-d-4(a) 207.99 41,60 Citytrust Banking Corp, 10-29-90 F-10-q-4(a) 763.74 152.75 Citytrust Banking Corp. 11-06-90 F-13-bb-4 31,797.33 6,359.47 Citytrust Banking Corp. 11-19-90 F-13-0-4(a) 803.11 160.62 Citytrust Banking Corp. 12-05-90 F-12-a-4(b) 53,714.41 10,742.88 Citytrust Banking Corp. 12-06-90 F-12-c-4{a) 3,388.97 677.79 Citytrust Banking Corp. 12-18-90 F-16-a-4(c) 561.15 112.23 Citytrust Banking Corp. 12-19-90 F-12-q-4 57,185.21 11,437.04 Citytrust Banking Corp. 12-21-90 F-12-h-4 12,314.05 2,462.81 Citytrust Banking Corp. 12-28-90 F-12-k-4 3,174.39 634.88 oda) pace 3 30-892 Citytrest Eanking Cero, t2-26-29 Fef2-'-f¢2] 15.74 ete | iehpyeds? foe, 27a. id TeqlGsone 3C-368 ITT GE-t5-23 0 Feid-ued avant 43,78 §C-603 ITT O5-18-39 F-i3-¢-4 860.03 66.08 §C-603 ITT 05-25-29 F-15-e-4 £36.39 £7.88 5C-083 HTT G?-14-30 F-T-c-4 1,116.61 223.85 §C-083 ITT GB-C3-S9 F-t4-$-4 206.61 41.32 §¢-003 ITT 06-07-99 F-8-c-4 3.69 0.74 §C-003 ITT 08-09-90 F-13-x-4 1,621.5 324.31 5¢-003 ITT 08-09-50 F-8-t-4 1,621.53 324,34 5¢-003 ITT 08-10-90 F-8-g-4 26.37 5.27 5C-003 ITT 08-17-90 F-8-j-4 836.35 167.27 §¢-003 ITT 08-31-90 F-14-j-4 397,88 79.58 5C-003 ITT 09-05-90 F-13-2-4(a) 316.26 63.25 §¢-003 ITT 09-14-90 F-15-j-4 211.44 42.29 §¢-003 ITT 09-21-90 F-9-c-4 417,23 83.45 5¢-003 ITT 09-24-90 F-9-d-4(a) 1,841.48 368.30 5§¢-003 ITT 09-28-90 F-9-g-4(b) 908.63 181.73 §¢-003 ITT 10-08-90 F-10-c-4(b) 659.92 131.98 5C-003 ITT 10-09-90 F-10-d-4(a) 83.19 16.64 §¢-003 ITT 10-29-90 F-10-p-4(a) 86.52 17.30 5¢-003 ITT 11-07-90 F-13-n-4(a) 721.08 144,22 §¢-003 ITT 11-19-90 F-13-0-4(a) 204.03 40.81 §¢-003 ITT 12-19-90 F-12-g-4 197.62 39,52 5C-003 ITT 12-21-90 F-12-h-4 5,048.76 1,009.75 5¢-003 ITT 12-28-90 F-12-j-4 38.09 7.62 3,510.51 6,676.98 3,510.51 5C-004 Singapore Airlines 04-04-90 F-4-c-4 10,212.89 2,042.58 5C-004 Singapore Airlines 06-06-90 F-6-b-4 3,385.51 677.10 5C-004 Singapore Airlines 06-13-90 F-14-w-4 14,766.36 2,953.27 5C-004 Singapore Airlines 07-11-90 F-7-d-4 2,302.47 460.49 5C-004 Singapore Airlines 08-08-90 F-7-b-4 137.85 27.57 hirlires hirpine:

re Airlires Airlines Airlines Sirzepore Airlines Singesore Airlines Singepore Airlines Singapore Airlines Singepore Airlines Singapore Airlines Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Int'l Flavors and Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Fragrance Fragrance Fragrance Fragrance Fragrance Fragrance Fragrance Fragrance Fragrance 09-25 11-07-59 11-C8-$0 11-23-20 12-65-90 12-05-$0 12-26-90 04-25-90 05-16-90 06-13-90 08-09-90 08-31-90 09-24-90 11-07-90 11-19-90 12-21-90 06-04-90 06-13-90 06-18-90 06-25-90 08-03-90 08-06-90 08-07-90 08-09-90 08-09-90 08-10-90 es 4 F-14-j-4 F-9-d-4{a)} F-13-m-4(a) F-13-0-4{a) -h-4 “12-h 5-b §-w- 5-¢ 5-e 4-k F F F F F F- F F F F F td = or © ter ow & GO @& FO Mm 2 ~2 ee IS RO KP ®D 4 wo wo —1 vw aD wo or mocnocn 161 46 ol AT 63 16 ak) 322, 39 10.

64, 438, 560.

293, 127.

123, 63 74 208.

208.

8, 26 14 03 53 03 59 86 97 48 48 97 26,530.97 1,265.84 115,923.04 2,278.10 25,930.$7 1,265.84 page 5 5¢-008 50-028 50-005 56-008 5C-008 5C-008 5C-008 56-008 56-008 56-008 56-008 56-008 5C-011 5C-011 5C-011 5C-011 5C-011 5C-011 5C-011 5C-011 5C-011 5C-011 5¢-013 5C-013 5¢-013 5¢-013 5C-013 5C-013 5¢-013 5¢-013 Ailes ¢ Atlas ¢ Atlas Cs Atlas C Atlas C Atlas Coo Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco Atlas Copco American American American American American American American American American American Goodyear Goodyear Goodyear Goodyear Goodyear Goodyear Goodyear Goodyear President President President President President President President President President President Lines Lines Lines Lines Lines Lines Lines Lines Lines Lines 08-17-29 08-31-33 09-05-29 09-14-22 09-21-89 09-24-26 09-28-¢0 10-08-20 10-09-90 10-29-20 11-19-90 12-28-90 05-23-90 08-06-90 09-04-90 09-05-90 09-12-90 09-19-90 09-26-90 10-12-90 11-23-90 12-06-90 04-04-90 05-23-90 08-06-90 08-09-90 09-04-90 08-05-90 09-07-90 09-12-90 F-13-2-4(b) F-9-b-4 F-15-h-4 > 456, 795, 366.

822, 368.

£028, 795.65 1,583.

199.67 302.81 134.23 554.46 2,921.72 188.66 4.17 351.40 1,281.59 1,099.95 3,517.80 1,055.33 12,812.87 1,059.05 33,487.30 8,318.31 282.99 5,933.36 4.47 13,880.37 585.19 1,281.59 OQ KR —* My OM we ~~ WM 2s Or KK oo pr — —e co mt oem ace ~ ow =~ on ™ ors oF ~ w Om & eo 316.76 4,056.72 4,858.50 12,707.95 19,009.44 4,056.72 4,858.50 page 6 Eocdyesr Goodyear Soodverr Cocdyzer Goodyear Goodyear Goodyear Goodyear Goodyear Goodyear Goodyear Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread Philtread AH Robins AH Robins AH Robins AH Robins 10-12-52 10-14-25 11-07-23 11-07-50 11-23-99 12-05-90 12-06-90 12-28-90 06-13-90 08-04-90 08-06-90 08-09-90 08-16-90 08-20-90 08-24-90 08-29-90 08-30-90 09-26-90 10-03-90 10-12-90 11-23-90 12-05-90 12-06-90 06-13-90 06-18-90 08-09-90 08-17-90 2 oT Mm Oo er cr Ff 7 on Wt ose 8 on .

co) nm ited em 6) ow OP Cor own © «2 2 Gr Or oo wo feos) wo oOo 12,301.01 Tr oOo [ey =~ oOo 36,983.22 34,666.91 59,810.69 50,080.23 36,983.22 34,666.91 page 7 50-016 90-018 50-015 50-016 50-016 50-015 50-016 50-016 5C-016 5C-016 5C-016 5C-016 5C-016 5C-016 5C-017 5C-017 5¢-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-017 5C-018A Singer Sewing Wachine aH F Ad Ad AY Ad AW AH AH AW AW AW AH AW AW 2 “> Ss er er oer es ~ oe oO wim ww = Robins Febits Robins Robins Robins Robins Robins Robins Robins Robins Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Mercury Wercury Mercury C8-31-29 Cs-14-23 Q8-17-29 05-24-$0 11-07-90 11-09-90 12-14-90 12-28-90 06-25-90 07-11-90 08-03-90 08-06-90 08-09-90 08-09-90 08-09-90 08-17-90 08-31-90 09-14-90 09-21-90 11-19-90 12-05-90 12-18-90 12-28-90 06-18-90 F-13-0-4(a) F-12-a-4(b) F-16-a-4(c) F-12-j-4 F-15-c-4 <o “am ~~ OY «Ky Et nN a0 rm re 184, 23, 7,405 2,370 1,977 1,437 5,262.

—* eo st 6 ~—1 OO ery CD eee om mR Pr @ (DO ce «> a 56 89 .60 78 1,839.46 Pic that aa aS 226, 1,574, 438.

409, 409, 11, 281, 159.

270.

246, bilo 201.

27,531.26 4,140.25 47,889, 81 64,769.31 27,531.26 4,140.25 oO page 8 SC-O1fA Sincer Sevirg Weckine 06-02-99 F-14-k-4 1287189 eo7 82 BC-di84 Singer Seuirg Veckine 08-17-23 F-$-j-4 25, 040,07 4,623.67 5C-Cith Singer Sewing Kechine 08-31-23 F-i4-j-¢ 662.43 122.83 SC-O16A Singer Seving Wechine 09-14-39 F-15-j-4 1,632.95 o€3,29 5C-G1E4 Singer Sexing Wechine 09-17-89 F-15-k-5 Tet4.el 1,574.64 5C-018A Singer Sewing Kechine 09-21-80 F-S-c-4 1,963.65 392.73 5C-O18A Singer Sewing Mechine 09-24-90 F-9-d-4{2) 6,997.65 1,399.53 5C-018A Singer Sewing Machine 10-08-90 F-10-c-4($ 3,959.54 791,91 5C-018A Singer Sewing Wachine 10-09-90 F-10-d-4{a) 699.17 99.83 5C-018A Singer Sewing Machine 10-22-90 F-10-j-4(a) 9,176.00 1,835.20 5C-018A Singer Sewing Machine 12-21-90 F-12-h-4 4,925.62 985.12 5C-018A Singer Sewing Wachine 05-10-90 F-14-p-4 17,840.37 15,568.07 5C-018A Singer Sewing Machine 05-23-90 F-14-y-4 13,749.27 2,749.85 5C-018A Singer Sewing Machine 06-18-90 F-15-c-4 183.49 36.70 5C-018A Singer Sewing Machine 07-25-90 F-13-w-4 4,041.56 808.31 5C-018A Singer Sewing Machine 08-09-90 F-8-e-4 1,791.20 $58.24 5C-018A Singer Sewing Machine 08-17-90 F-8-j-4 27,219.31 5,443.86 5C-018A Singer Sewing Machine 08-31-90 F-14-j-4 530.50 106.10 5C-018A Singer Sewing Machine 09-14-90 F-15-j-4 939.73 187.95 5C-018A Singer Sewing Machine 09-17-90 F-15-k-4 3,235.98 647.20 5C-018A Singer Sewing Machine 09-21-90 F-9-c-4 736.37 147.27 5C-018A Singer Sewing Machine 09-24-90 F-9-d-4(a) 805.65 161.13 5C-018A Singer Sewing Machine 10-08-90 F-10-c-4(b) 3,299.62 659.92 5C-018A Singer Sewing Machine 10-09-90 F-10-d-4{a) 415,97 83.19 5C-018A Singer Sewing Machine 10-22-90 F-10-j-4(a) 2,389.39 477.88 5C-018A Singer Sewing Machine 12-21-90 F-12-h-4 2,462.81 492,56 40,631.94 77,515.32 40,631.94 5C-019A MJOPFI 04-04-90 F-4-a-4 811,386.02 162,277.20 5C-019A MJOPFI 04-04-90 F-14-ee-4 383,911.82 76,782.36 5C-019A MJOPFI 04-06-90 F-14-r-4 23,019.56 4,603.91 5C-0i9A 5C-019A 5C-O19A 5C-O19A 5C-O19A 50-0194 5C-O19A 5C-O19A 5C-019A 5C-O19A 5C-019A 5C-O19A 5C-019A 5C-019A 5C-O19A 5C-O19A 5C-O19A 5C-O19A 5C-O19A 5C-019A 5C-O19A 50-0198 5C-0198B 5C-0198 50-0198 5C-0198

WICFF I

WEGPE] WJOFFI WICPFI

MJGPF I

WIGFF I

MJOPFI

MJOPF I

MJOPFI

NJOPF |

NJOPFI

MJOPF I

NJOPFI MJOPFI

MJOPF I

NJOPFA MJOPFI NJOPFI MJOPFI MJOPFI MJOPFI MJOPFI MJOPFI WJOPFI

MJOPF |

North Negros North Negros North Negros North Negros North Negros 10-03-90 10-03-90 10-08-90 10-09-90 10-12-90 10-14-90 11-07-90 11-07-90 11-23-90 12-05-90 12-06-90 12-18-90 04-04-90 04-04-90 05-23-90 08-06-90 08-10-90 ie iS fie fi fie fie fie ie fi ig F- F- F- fie fie fe fe fe fie fie fie fie fe fe fe GS fe F F F -b- -b- B- g- 13- ar b) 15-h-4 14-b-4 9-d-4(b) 10-v-4(c) 13-aa-4(a) 10-c-4(a) 10-d-4(b) 1i-d-4 11-c-4(a) 13-m-4(b) 11-b-4(b) 16-b-4{c} {2-a-4(a) 12-c-4(b) 16-a-4(a) 1 1 { 8 8 4-h-4 4-ee-4 -b-4 g-4 3,821 184,605.

6,599.

95 831 126.

233.

72,108.

224, 44,673, 97,202.

2,518.

222,930.

2,793, 26,918, 8,937.

44, 685.

roe Serer) any ead —4 Se rey Tr on ce —™“ @ AT 23 1,207.

111,870.

80 19 10 29 24 64 15 21 26 29 10 20 59 50 64 02 11 ik) 14,421.64 8,934.66 19,440.42 503.64 44,586.12 558.70 5,383.73 1,787.40 8.82 137.15 539,454.98 549,540.26 539,454.98 Kerth heres herth hegres Kerth hegros Kerth Kegres Kerth keores Kerth Kegros PPC-Frovident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident PPC-Provident Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund 04-94-99 05-02-99 07-12-90 08-06-90 08-09-90 08-09-90 08-10-90 08-30-90 09-05-90 09-19-90 09-24-90 09-28-90 10-03-90 10-03-90 10-04-90 10-08-90 10-09-90 10-12-90 10-14-90 10-29-90 11-07-90 11-07-90 11-23-90 12-05-90 Fr-id-hh-$ F-12-i-4(¢) F-14-e6-4 F-15-a-4 F-9-d-4(b) F-9-g-4(a) F-13-aa-4(a) F-10-v-4(c) 2 ny = Gr re oo G8 op or St De ed ww 3 wo woo oo o —m oo _ nm — Oo WO @wwoao =~ —- oS © _—

—_~ PP

on ao Oo TF wo w on =

=~ PMP

_— i) _.

oO a a i) 111,179.77 18,672.36 2,639.69 332.78 89.70 4,080.16 8,651.67 196.72 81,379.27 16,016.08 123,613.09 oe 504.68 2,301.85 5,197.37 2,421.32 22,235.95 3,734.47 527.94 66.56 17.94 816.03 1,730.33 39.34 16,275.85 3,203.22 24,722.62 $222.31 25,708.55 OR page 11 BO-020 Fro-7rovicent Furd fa-€5-39 Fetl-2-4i5!

EC-C25 0 Poieteey ss a 18 ate §C-S29 Fro-rrevicert Furd {2-25-82 Fricekd 1 243,47i 0) 212,153.83 2f2, 722.22 5C-0213 Fro-freup ins. Cont. Fund 04-04-59 F-fh-ce-5 187,778.79 E1555, 34 hC-0213 FRC-Srocp Ins. Cont. Fund 08-23-89 F-t4-y-4 6,559.20 1,205.48 §C-0218 PPC-Group Ins. Cont. Fund 08-C6-99 F-14-c-4 3,018.47 663.71 §C-021B PPC-Group Ins. Cont. Fund 08-09-$9 F-$-d-4 43,165.49 8,621.10 5C-021B PPC-croup Ins. Cont. Fund 09-05-90 F-15-z-4(5) 8,423.64 1,685, 73 5C-021B PPC-Group Ins. Cont. Fund 09-12-90 F-15-h-4 384.48 76.90 5C-021B PPC-Group Ins. Cont. Fund 09-19-90 F-14-b-4 884.27 176.85 5C-021B PPC-Group Ins. Cont. Fund 09-28-90 F-9-g-4(a) 7,178.18 1,435.64 5C-021B PPC-Group Ins. Cont. Fund 10-03-90 F-10-v-4(c) 27,100.07 5,420.01 5C-021B PPC-Group Ins. Cont. Fund 10-03-90 F-13-aa-4(a) 15,012.21 3,002.44 5C-021B PPC-Group Ins. Cont. Fund 10-12-90 F-11-d-4 116.09 23.22 5C-021B PPC-Group Ins. Cont. Fund 10-14-90 F-11-c-4(a) 971.47 194.29 5C-021B PPC-Group Ins. Cont. Fund 10-29-90 F-10-p-4(c) 1,903.37 380.67 5C-021B PPC-Group Ins. Cont. Fund 11-07-90 F-11-b-4(b) 78.69 15.74 5C-021B PPC-Group Ins. Cont. Fund 11-07-90 F-13-m-4(b) 9,442.74 1,888.55 5C-021B PPC-Group Ins. Cont. Fund 11-23-90 F-16-b-4(c) 12,812.87 2,562.57 5C-021B PPC-Group Ins. Cont. Fund 12-05-90 F-12-a-4(a) 18,572.11 3,714.42 5C-021B PPC-Group Ins. Cont. Fund 12-28-90 F-12-k-4 1,693.01 338.60 5C-021B PPC-Group Ins. Cont. Fund 12-28-90 F-12-1-4(a) 1,851.39 370.28 63,373.24 74,705.36 63,373.24 5C-025 Nestle Phils., Inc. 06-18-90 F-15-c-4 33,028.95 6,605.67 5C-025 Nestle Phits., Inc. 06-25-90 F-15-e-4 10,978.08 2,195.62 5C-025 Nestle Phils., Inc. 07-13-90 F-7-e-4 673.21 134.64 5C-025 Nestle Phils., Inc. 07-23-90 F-7-f-4 441,93 88.39 §C-025 Nestle Phils., Inc. 08-03-90 F-14-k-4 8,264.46 1,652.89 §C-025 Nestle Phils., Inc. 08-09-90 F-8-e-4 9,514.41 1,902.88 §C-025 Nestle Phils., Inc. 08-13-90 F-8-h-4 56.22 11.24 5C-025 Nestle Phils., Inc. 08-17-90 F-8-j-4 3,193.33 638.67 faye) page 12 Kestle Kesile Keztle Restle Kestie Restle Nestie Restle Nestle Nestle Nestle Nestle Nestle Nestle Nestle Nestle Nestle Nestle Nestle Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Phils, rhils., Phils, Fkils, Phils, Phils.

Phils.

Fhils, Phils.

Phils.

Phils, Phils.

Phils.

Phils, Phils.

Phi ts.

Phils.

Ine.

na ue Ine.

Inc.

Ine, Inc.

Inc.

Inc, Inc.

Inc, Ine, Inc.

Inc.

Inc, Inc, Inc, Inc, Inc, Inc, Inc.

Inc.

Inc, Inc, Inc, woe ess 09-28-99 10-03-90 10-08-90 10-09-90 10-29-90 11-07-90 12-05-90 12-06-90 12-11-90 12-18-90 12-19-90 12-21-90 12-28-90 06-04-90 06-18-90 07-11-90 07-23-90 08-03-90 08-07-90 08-09-90 08-09-90 08-09-90 08-17-90 08-31-90 F-13-1-4 F-8-t-4 F-8-j-4 F-14-j-4 26 68 56 OT 22 15 61 105 27 AT 98 44 92 AT 39 13 20 .20 OT 15

—- 7M

oo A RO Uy fo “Nw ~~ cr CD ae 15,624, 8,000.

63,265, 1,563.

199, 6,873.

604.

3,087.

14,454, 178.

112.

671.

2,462.

132.

313, 436.

15.

396, 115.

5,273.

5,273, 273.

557, oo ore rm oOo tv —- Soe a Oo om iM er fos) ~~ 153,532.87 183,965.99 153,532.67 A?

page 13 Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Caltex Ass'n.

Ass'n.

Ass‘n.

Ass’n.

Ass‘n.

Ass'n.

Ass‘n.

Ass'n.

Fhiis., dae.

rhits., ine.

Fhils., Ine, Phils., Ine.

Phils., Ine.

Phils., Inc.

of Int’}. Shipping of Int'l, Shipping of Int’t. Shipping of Int’l. Shipping of Int’!. Shipping of Int'l. Shipping of Int'l. Shipping of Int'l. Shipping of Int'l. Shipping of Int'l. Shipping of Int'l. Shipping of Int’. Shipping of Int’. Shipping

—- OD DAO

CO OM > 6 «OD

' 12-05-90 12-19-90 12-21-90 12-28-90 04-25-90 05-16-90 06-18-90 08-03-90 08-09-90 08-17-90 08-31-90 09-24-90 09-28-90 10-29-90 11-07-90 11-19-90 12-19-90 - ' Gn es es no eo ee oe on se oes eno en seo no eo Bs eo Mins is nn iia TT ‘ F-8-j-4 F-14-j-4 F-9-d-4(a) F-9-g-4(b) F-10-p-4(a) F-13-n-4(a) F-19-0-4(a) F-12-9-4 9,057, 17,510.

9,057.

47,663.

12,314, 351.

3,817.

176.

917.

950.

37, 1,140.

185.

207, 1,930.

795.

532, 26.

359.

386.17 106.45 46,213.01 86,454.12 46,213.01 page 14 5C-029 Ass'n, cf Int'l, Shigping 12-24-83 F-12-h-é 827.38 167.47 50-029 Ass'n. cf (nt’l. Shicsirg 12-28-86 F-t2-j-4 12.79 2.56 2,593,05 3,453.85 cn dene 50-020 Dow Chemicals 04-G4-23 F-4-a-4 12,603.72 2,c89,74 5C-059 Dow Chemicals 05-28-95 F-te-y-4 2,577.99 £15.69 §C-030 Dow Chemiceis 08-06-25 F-14-0-4 262.23 56,6) 5C-030 Dow Chemicals 08-09-30 F-8-s-4 4,362.06 872,58 5C-030 Dow Chemicals 09-05-80 F-13-2-4(b} 5,271.03 1,654.21 5C-030 Dow Chemicals 09-12-S0 F-15-h-4 256.32 51.26 5C-030 Dow Chemicals 09-19-90 F-14-b-4 927.41 185.46 5C-030 Dow Chemicals 09-28-90 F-9-g-4(a) 477.08 95.41 5C-030 Dow Chenicals 10-03-90 F-13-aa-4(3) 1,694.93 338.99 5C-030 Dow Chenicals 10-03-90 F-10-v-4(c) 694.87 138.97 5C-030 Dow Chenicals 10-12-90 F-11-d-4 15.83 3.17 Pye 5C-030 Dow Chenicals 10-14-90 F-11-c-4(a) 194,29 38.86 5C-030 Dow Chenicals 10-29-90 F-10-p-4{c) 369,33 17.87 5C-030 Dow Chenicals 11-23-90 F-16-b-4(c) 2,562.57 512.51 5C-030 Dow Chenicals 12-28-90 F-12-1-4(a) 347,14 69.43 6,591.68 15,758.98 6,991.68 5C-032 CEAP 06-18-90 F-15-c-4 2,752.36 550.47 5C-032 CEAP 06-25-90 F-15-e-4 1,844.90 368.98 5C-032 CEAP 07-23-90 F-1-f-4 63.13 12.63 5C-032 CEAP 08-09-90 F-8-e-4 4,781.80 956.36 5C-032 CEAP 08-17-90 F-8-j-4 1,520.63 304.13 5C-032 CEAP 08-31-90 F-14-j-4 2,367.27 477.45 5C-032 CEAP 09-05-90 F-13-z2-4(a) 27.10 105.42 5C-032 CEAP 09-14-90 F-15-j-4 3,594.47 718.89 5C-032 CEAP 09-21-90 F-9-c-4 2,209.10 441,82 5C-032 CEAP 09-24-90 F-9-d-4(a) 12,867.36 2,573.47 5C-032 CEAP 09-26-90 F-9-f-4(b) 175.89 35.18 5C-032 CEAP 09-28-90 F-9-g-4(b) 12,634.41 2,566.88 5C-032 CEAP 10-03-90 F-10-v-4(b) 1,042.31 208.46 page 15 50-22 50-982 50-052 5C-052 5C-082 56-052 50-082 50-052 50-082 5¢-032 50-033 50-033 36-033 50-033 5C-033 50-033 5C-033 50-033 5¢-033 50-033 5C-033 50-033 5C-033 50-033 50-033 5C-033 50-035 56-035 50-035 50-035 CEAP CEAP CERP CEAP CEAP CEAP CEAP CEAP CEAP CEAP Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Royal Insurance Sine Darby Sime Darby Sine Darby Sine Darby 10-29-90 11-19-90 12-05-90 12-06-90 12-18-90 12-19-90 12-21-90 12-28-90 04-04-90 06-04-90 08-07-90 08-09-90 1 ’ oO ' ‘ core Hittin inti twotwnot in teenies “Wo a1 OM ' ' ‘ ‘ ‘ ' Om cn po PO Po C PO & GO CD «> t “> ‘ ‘ ' ’ ’ —- @ ' _ >_> an ‘ —.

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64 03 37 67 07 59 60 22 64 38 15,404.65 2,990.50 i 9,291.47 6,175.54 15,494.05 2,990.50 my page i6 50-635 50-085 §C-085 56-035 §C-035 50-035 §C-035 5C-035 §C-035 §C-035 §C-035 5¢-035 §C-035 §¢-035 5C-036 50-036 5C-036 5C-036 5C-036 50-036 5C-036 5C-036 50-036 50-036 50-036 5C-036 50-036 50-036 50-036 5C-036 Sime ferby Sire Certy Sime Darby Sime Darby Sire Derty Sime Derby Sime Darby Sime Derby Sine Darby Sime Darby Sine Darby Sine Darby Sine Darby Sine Darby Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Boehringer Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingethein Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingelhein Ingelheip . ad DQIoo « fos) 06-04-90 06-18-90 07-23-90 08-03-90 08-06-90 08-07-90 08-09-90 08-09-90 08-09-90 08-17-90 08-31-90 09-05-90 09-14-90 09-17-90 09-20-90 09-21-90 nae Sule €5.i 872.2 aii.

269.6 2c4,55 15,560,306 645.69 6,038.67 177.18 362.29 362.29 4,004.66 63.49 1,002.35 15,413,283 78.92 702.48 10.55 11.08 3,649.83 2,207.26 3,649.83 8,325.46 2,387.27 702.80 3,430.02 647.20 624.02 1,129.10 1,665.

477.

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Walter Thonpson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson J J J J J J J.

J J J J J J J Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson . Walter Thompson » Walter Thompson J.

Walter Thompson CEPALCO CEPALCO CEPALCO CEPALCO CEPALCO ik fa is iG ik ie in DOO & LY wH Dev & 10-12-90 10-14-90 10-29-90 11-23-90 11-29-90 12-05-90 12-28-90 12-28-90 05-23-90 06-04-90 06-18-90 06-25-90 07-11-90 Be Sa e621.

feg- 443} 082.05 -phep-lla) 1 tEQET “4 9-n-$!2) t28,27 otd-s-44a) be.

-Wd-og-4(b) 1,684.87 ~42-b-6(b) 1,684.67 =12-h-4 24,507.81 -12-i-4(a) 17,865.71 -14-ee-4 292,885.07 -8-d-4 14,659.36 -8-5-4 176.26 -9-g-4(a) 408.88 -10-v-4(c) 4,169.24 “13-aa-4(a) 10,008.14 -10-0-4{a) 1,319.85 -10-d-4(b) 166.39 “11-d-4 21.41 “11-0-4(a) 116.58 -10-p-4(c) 173.03 -16-b-4(c) 3,203.22 -13-hh-4 1,046.86 -12-a-4(a) 723.59 “12-k-4 1,289.23 -12-1-4(a) 3,008.51 -14-y-4 1,031.20 -15-b-4 1,566.17 -15-0-4 642.22 -15-e-4 127.86 -T-0-4 5,371.33 vse 640, 209.

144, 257.

601.

206.

313.

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20,682.89 66,675.07 67,229.49 43,310.69 20,682.26 43,310.69 s9 til page 18 5C-038 CEPALCO 08-92-90 F-tg-F-d gt3.28 57,85 5C-038 CEPALCO 08-08-90 F-e-b-5 ABLE £4.88 5C-G28 CEPELCO 08-17-90 F-8-j-4 262,14 ef.62 5C-028 CEPALCO 09-21-29 F-2-0-4 147.23 29.45 5C-038 CEPALCO 09-24-90 F-9-¢-4(2) 3,222.80 b44,62 5C-028 CEPALCO 09-28-99 F-9-g-41b) 7,041.29 1,408.28 5C-038 CEPALCO 10-28-90 F-10-p-4{a) 2,733.53 546.79 50-038 CEPALCO 11-19-90 F-13-0-443) 64,43 12.89 5C-038 CEPALCO 12-21-90 F-12-h-4 1,453.68 290.61 4,091.52 15,485.21 4,691.52 5C-042 Pacific Enane! 05-23-90 F-14-y-4 928.08 185,62 5C-042 Pacific Enanel 06-18-90 F-15-c-4 4,403.78 880.76 5C-042 Pacific Enane! 07-23-90 F-7-f-4 78.92 15.78 50-042 Pacific Enane! 08-03-90 F-14-k-4 165.29 33.06 5C-042 Pacific Enane! 08-06-90 F-8-b-4 4.22 0.84 5C-042 Pacific Enanel 08-09-90 F-8-t-4 965.20 193.04 5C-042 Pacific Enanel 08-09-90 F-13-x-4 965.20 193.04 5C-042 Pacific Enane! 08-10-90 F-8-9-4 218.91 43.78 5C-042 Pacific Enane| 08-17-90 F-8-j-4 3,421.42 684,28 5C-042 Pacific Enane! 09-05-90 F-13-2-4(a) 4,743.92 948,78 5C-042 Pacific Enanel 09-14-90 F-15-j-4 469.87 93.97 5C-042 Pacific Enanel 09-21-90 F-9-c-4 441,82 88.36 5C-042 Pacific Enanel 09-28-90 F-9-g-41b) 3,180.21 636.04 5C-042 Pacific Enanel 10-08-90 F-10-c-4{b) 1,187.86 237.57 5C-042 Pacific Enanel 10-09-90 F-10-d-4{a) 149.75 29.95 5C-042 Pacific Enanel 10-29-90 F-10-p-4(a) 1,237.19 247.44 5C-042 Pacific Enanel 11-19-90 F-13-0-4{a) 112.75 22.55 5C-042 Pacific Enanel 12-18-90 F-16-a-4{c) 517.99 103.60 5C-042 Pacific Enane! 12-19-90 F-12-g-4 179.66 35.93 5C-042 Pacific Enane! 12-21-90 F-12-h-4 4,802.48 960.50 5C-042 Pacific Enanel 12-28-90 F-12-j-4 25.40 5.08 5,639.97 8,166.08 5,639.97 page 19

50-43 PROC

5C-G43 PROC

5C-063 FNGC

5C-043 PNCC

5C-043 PNOC

5C-043 PROC

5C-C43 PNOC

5¢-043 PNOC

5C-043 PNOC

5C-643 PNOC

5C-043 PNOC

50-043 PNOC

5C-043 PNOC

5¢-043 PNOC

5C-043 PNOC

04-04-89 04-G68-£9 04-06-£0 04-18-99 04-18-95 04-25-2) 05-16-$0 05-23-20 06-05-50 06-13-90 06-18-90 06-25-90 06-27-90 06-27-90 06-27-90 07-04-90 07-11-90 07-11-90 07-13-90 07-23-90 07-25-90 08-01-90 08-02-90 08-03-90 08-04-90 08-06-90 08-06-90 08-07-90 08-08-90 08-09-90 11TH Stl, 1,269,157.

163,139.

3,455,945, 2,122,860.

367,106, 1,256,259.

2,110.

173.

295.

146,554, 472, 6,363.

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mo ey ~2 oN Se ie ee ee mR @O mm & on 16,932, 10,571.

153.

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32,627, 691,189, 424,572, 73,421, 251,251.

422.

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19, ~ me —h a 68> CTy 13> C2 Gd &3 KD CF ers oo aon ey ~ 74 page 20

5C-023 PROS

5C-043 PROC

50-643 PROC

5C-043 PROC

5C-G43 PNOC

5C-043 PROC

5C-043 PNEC

5C-043 PROC

5C-043 PNOC

5C-043 PROC

5C-043 PNOC

5¢-043 PNOC

5C-043 PNOC

5C-043 PROC

5C-043 PNOC

5¢-043 PNOC

08-09-93 08-10-29 08-t2-¢ 08-16-20 08-21-20 08-22-20 08-24-90 08-27-99 08-29-90 08-31-90 09-05-90 09-12-90 09-17-90 09-21-90 09-26-90 10-03-90 10-05-90 10-08-90 10-10-90 10-18-90 10-29-90 11-06-90 11-07-90 11-09-90 11-19-90 11-23-90 12-05-90 12-05-90 12-19-90 12-19-90 {i-x-4 B-g-4 B-h-4 {5-7-4 B-|-4 “bcd 8-0-4 -15-¢-4 8-r-4 14-j-4 13-2-4(a) 15-i-4 15-k-4 9-c-4 7,486.40 -9-f-4(b) 28,233.90 -13-aa-4(b) 17,910.11 -10-a-4(b) 4,266.95 -10-b-4(a) 640.49 -10-e-4(a) 2,062.91 -10-g-4 3,325.94 -10-p-4 (a) 302.81 -13-bb-4 2,914.15 -13-n-4(a) 198,966.38 -13-dd-4 1,906.55 -13-0-4(a) 2,308.77 -16-c-b(4) 1,151,692.82 “13-gg-4(b) 407,289.72 -12-b-4(b) 407,289.72 -12-f-4(a) 75,227.38 -12-e-4 4, 423,293.99 wan Nun fae oc 1,845.49 1,812.15 1,497.28 5,646.78 15,582.02 853.39 128.10 412.58 665.19 60.56 582.83 39,793.28 381.31 461.75 230,338.56 81,457.94 81,457.94 15,045.48 884,658.80 §C-243 FRED 12-25-89 F-{2-i-S(2) 4 Pot 22b.e! fa2f4.C8 2 tft fat ic§ WO fTh, 78,04 0g feb cit 5C-645 ALFAP-irotoyes Eerelit Ferd 04-04-09 F-e-s-4 $619.73 7122.85 5C-C45 ALeLP-Emsioyee Cerevit rund 4-95-90 F-is-z2-¢ 1,354.38 270.06 5C-045 ALPAP-frployes Genetit Ferd Ch-11-90 F-i4-f-4 £63.09 129,04 50-045 ALPAP-cmsloyee Benefit Fund 06-13-20 F-14-¥-4 284.09 £6.65 5C-045 ALPAP-Erpicyce Benefit Fund 06-27-90 F-14-t-4 213.4 42,69 5C-G45 ALPAP-Employes Benefit Fund 08-09-90 F-13-x-4 501.9 100.38 5C-045 ALPAP-Enpleyee Benefit Furd 08-09-90 F-8-t-4 501.¢0 100.38 5C-045 ALPAP-Exployee Benefit Fund 09-26-90 F-9-f-4(t) 2,968.14 593.63 5C-045 ALPAP-Employee Benefit Fund 10-03-90 F-13-ae-4(d) 322.64 64.57 5C-045 ALPAP-Employee Benefit Fund 10-04-90 F-10-w-4 133.04 26.61 5C-045 ALPAP-Employee Benefit Fund 10-14-90 F-11-c-4(a) 93,26 18.65 5C-045 ALPAP-Employee Benefit Fund 10-29-90 F-10-p-4(a) 121.12 24,22 5C-045 ALPAP-Employee Benefit Fund 11-09-90 F-13-dd-4 28.46 5.69 2,157.53 7,375.70 2,157.53 5C-047 ALPAP-Strike Support Fund 04-04-90 f-4-c-4 4,912.53 982.51 5C-047 ALPAP-Strike Support Fund 04-05-90 F-14-2-4 1,800.17 360.04 5C-047 ALPAP-Strike Support Fund 05-16-90 F-14-bb-4 570.32 114.06 5C-047 ALPAP-Strike Support Fund 06-13-90 F-14-w-4 962.55 192.51 5C-047 ALPAP-Strike Support Fund 06-27-90 F-14-t-4 451.86 90.37 5C-047 ALPAP-Strike Support Fund 07-11-90 F-7-d-4 428.42 85.68 5C-047 ALPAP-Strike Support Fund 08-09-90 F-8-t-4 1,775.96 355.19 5C-047 ALPAP-Strike Support Fund 08-09-90 F-13-x-4 1,775.96 355.19 5C-047 ALPAP-Strike Support Fund 08-24-90 F-8-o0-4 289,34 57.87 5C-047 ALPAP-Strike Support Fund 09-26-90 F-9-f-4(b) 2,484.44 496.89 5C-047 ALPAP-Strike Support Fund 10-03-90 F-13-aa-4(b) 920.10 184.02 5C-047 ALPAP-Strike Support Fund 10-14-90 F-11-c-4(a) 233.15 46.63 5C-047 ALPAP-Strike Support Fund 10-29-90 F-10-p-4(a) 423,93 84,79 5C-047 ALPAP-Strike Support Fund 11-09-90 F-13-dd-4 31.30 6.26 3,412.01 10,271.36 3,412.01 5C-048 ALPAP-Disability Fund 04-05-90 F-14-2-4 10,801.14 2,160.23 5C-048 ALPAP-Disability Fund 04-11-90 F-14-f-4 4,774.38 954.88 page 22 5C-048 ALFAP-Disebility Furd 50-048 ALPEP-Disebility Fund 5C-048 ALPAF-Disedility Furd 5C-048 ALFAP-Disebility Fund 5C-048 ALPAP-Disebility Furd 5C-048 ALPAP-Disebitity Fund 5C-048 ALPAP-Disability Furd 5C-048 ALPAP-Disebility Fund 5C-048 ALPAP-Disability Furd 5C-048 ALPAP-Disability Fund 5C-048 ALPAP-Disability Fund 5C-048 ALPAP-Disability Fund 5C-048 ALPAP-Disability Fund 5C-048 ALPAP-Disability Fund 5C-048 ALPAP-Disability Fund 5C-O51A Wanila Golf-Caddy Welfare 5C-Q51A Manila Golf-Caddy Welfare 5C-051A Wanila Golf-Caddy Welfare 5C-Q51A Wanila Golf-Caddy Welfare 5C-051A Wanila Golf-Caddy Welfare 5C-051A Manila Golf-Caddy Welfare 5C-051A Wanila Golf-Caddy Welfare 5C-051A Wanila Golf-Caddy Welfare 5C-051B Wanila Golf-Death 5C-0518 Manila Golf-Death 5C-0518 Manila Golf-Death 5C-051B Manila Golf-Death 5C-0518 Manila Golf-Death 5C-051B Manila Golf-Death 5C-051B Manila Golf-Death 08-17-90 09-24-90 09-28-90 10-29-90 11-19-90 12-21-90 06-18-90 08-09-90 08-17-90 09-26-90 09-28-90 10-29-90 12-05-90 -8-0-4 -13-2-4(a) Ce ei | ND on oD Ro A et nD 7 mt -* ~~ ~ ornreoicmimo -~ cv om nr oo —=_ ~ 501 2,816.

114, 1,887, 15,370, 1,405, 183, 874, 161 1,249.

467.

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454, 173.

2t7, on eee boone ee tap Gr — o> oF 153 90 90 56 05 25 65 99 61 49 13 36 13 37 19 74 21 5 13 90 03 2 1 ery ~ 2 > 4 n © oon?

aN ww en no om mo =- oF © oD or Oo Oo ao e a Pr w @ co «2 => non => ao WY a 3,074, 281.12 36.70 12.03 174.87 32.238 249,87 93.44 2.15 _142.84 18,35 3.16 60.83 30.78 90.86 34.61 43,42 51,181.55 744,13 92,614.68 3,676.44 51,181.55 744,13 7"?

page 23 50-0518 Nenila €o 50-052 5C-052 50-952 50-052 5C-052 50-052 5C-052 50-052 5C-052 50-052 5C-052 50-052 50-052 50-052 50-052 50-052 50-052 50-052 5C-053 5C-053 5C-053 50-053 5C-053 5C-053 5C-053 5C-053 5C-053 50-053 5C-053 CyErenid Cyananid Cyarenid Cyangnid Cyanegid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Cyananid Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere Hemisphere i-ceeth ' mn wo , o rae) a> a ' ' =O ms OD RD HD we ' ' cy ' s ray oO OF Go & Cr» 47 cy ao CON DW AO AOD = oo om & ~~) CY) Gy A> ' Cae (Ow m4 mr tM v ' Ps lomr a) 08-17-90 09-65-90 09-14-90 09-21-90 09-24-90 09-28-90 10-29-90 11-19-90 12-05-90 12-18-90 12-21-90 04-04-90 08-09-90 08-14-90 10-03-90 10-03-90 10-12-90 11-23-90 12-05-90 12-06-90 12-14-90 12-28-90 -13-aa-4(a) -10-v-4(c) -11-d-4 -16-b-4(c) -12-a-4(a) ~12-c-4(b) -12-d-4(a) -12-1-4(a) em POD ee en CS 2 ee - Tr — = © a — on 684.28 527.19 1,315.62 368.18 322.26 4,433.06 ~m a mR ro CMoon = RO & cS 1 os -4 aa 4,678.62 13,972.20 mS AR ae eyvlleid 15,701.22 18,555.43 288.75 ee > 4,678.62 13,972.20 page 24 ™ “ao aon aon oO aed ' J Oo Oo cn «a . cn _ t~ + oo wm mw pa a WM am t1 «en ry Wa

5C-C54 BASF

5C-054 BASF

50-054 BASF

5C-054 BASF

5C-059 ALPAP-Conjuanco Trust Fund 5C-059 ALPAP-Conjuanco Trust Fund 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co.

Fhils., [re.

Frits.) Ine, rhiis., Ine.

Phils., Ine.

Phiis., Inc.

Phils., Ine.

Phils., Inc.

Phifs., Inc, Phils., Inc.

Phils., Inc, Phils., Inc.

Phils., Inc.

Phils., Inc, Phils., Inc.

5C-060 Admiral Realty Co 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co. 5C-060 Admiral Realty Co.

Inc.

Inc, Inc.

Inc.

12-21-90 12-28-90 04-04-90 12-26-90 04-04-90 04-06-90 05-10-90 06-06-90 06-27-90 08-06-90 08-07-90 08-09-90 08-09-90 08-16-90 09-19-90 10-03-90 11-19-90 OOD G2 oS t-z-8(g ) = 4{b) -10-p-4(¢) -12-a-4(b) -16-a-4(c) -12-q-4 -12-h-4 -12-1- a vata c-4 4 4 -4{b) -4{a) vtee 143, 146,341 12,406.

2,315.

2,179.

197.

452.

2, 2,046.

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381 431 89,638.

24 COP? HM ED vy -* en co — OR > cre n> nm CO ao = 96 66 69 719 90 39 19 68 10 20 32 69 19 11 22 22 98 35 69 48 —a eM a Oo Oo a3 1,040.

98 28 16 34 22 04 86 54 96 42 24 24 40 27 74 30

-—* DMD «> HD 4 WI

a. @D caay oom cm — cm ty oD am@ om ew cn aw WO wo w a =~ 8,892.76 158.04 51,692.17 46,298.45 837.57 48,292.53 8,892.76 158.04 48,292.53 page 25 EC-Cét Intel 5C-781 Intel 5C-Cé1 Intel 5C-c8i Intel 5C-Chi Intel 5C-G61 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel 5C-061 Intel

5C-062 ECCP

5C-066 MIT Retirement Fund Inc. 5C-066 WIT Retirement Fund Inc. 5C-066 WIT Retirement Fund Inc.

Phils, reils, Phils,, Phils, Phils, Phils.

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Inc, the.

In In In In In In In In In In In Inc.

Co 2 + 2 + 2 ; 2 + 2 2 © 2 Sh 0 4-59 04-18-39 06-18-25 « — ' Q a rm “4 sO? er , oO CO @ @ @& t '’ oo ao oO |! «w& ’ «ov «a yr ' — 08-31-90 09-14-90 09-20-90 09-21-90 09-24-90 09-28-90 10-03-90 10-29-90 11-19-90 12-05-90 12-05-90 12-21-90 08-09-90 08-09-90 08-17-90 09-05-90 09-28-90 10-29-90 11-19-90 12-21-90 06-04-90 06-18-90 07-11-90 F-8-t-4 F-13-x-4 F-8-j-4 F-13-2-4(a) F-9-g-4(b) F-10-p-4(a) F-13-0-4(a) F- F- F- F- 196.36 234.79 2,703.18 32.28 1,048.58 114.90 249.98 249,98 4,910.84 108.10 108.08 22.81 49.20 63.60 17.30 2.45 88.64 112.76 256.89 393.54 29,134.38 459.88 60,295.27 935.80 29,134.38 459.88 80 page 26 5-266 50-066 50-066 5-086 50-066 5C-066 5C-066 5C-066 5-066 5C-066 5C-066 5-066 5C-066 5C-066 5C-066 5C-066 5-066 5C-068 5C-068 56-068 5¢-068 5-068 5-068 5-068 5-068 5C-068 5-068 5C-068 5C-068 5¢-069 MIT Retirerent KIT Retirerert MIT Retirerent MIT Retirenent NIT Retirement KIT Retirement MIT Retirenent NIT Retirement NIT Retirement MIT Retirement MIT Retirement NIT Retirement MIT Retirement NIT Retirenent MIT Retirement NIT Retirement MIT Retirement Henkel Phils, Henkel Phils.

Henkel Phils.

Henkel Phils, Henkel Phils.

Henkel Phils.

Henkel Phils, Henkel Phils.

Henkel Phils, Coca-cola Bottlers, Inc.

Fund Fond lfc.

Ine ve Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Ine.

Ine, Ine.

Ine.

Inc.

Inc, Inc.

Inc.

10-29-90 11-19-90 12-05-90 12-05-90 12-18-90 12-21-90 04-04-90 06-18-90 07-25-90 08-09-90 08-09-90 08-10-90 08-17-90 09-24-90 09-28-90 10-29-90 11-19-90 12-21-90 08-09-90 1,650, 2,788.39 3,083.25 12,874.49 7,981.66 2,788.39 3,083.25 50-0593 MC-C74 5C-370 5¢-070 50-070 5¢-070 5C-070 5¢-070 50-070 50-070 50-070 50-070 50-070 50-070 5¢-070 50-070 50-070 50-070 5¢-070 50-070 50-070 5C-072 50-072 50-072 50-072 50-072 50-072 Ancor ihren Pilipires Ancor/Anem rilipines Ancor/knam Pilipings Ancor/énem Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anan Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Ancor/Anam Pilipinas Ancor/Anan Pilipinas Sharp Phils.

Sharp Phils.

{O-*7-t2 Bef 228 4 Ca eee tee elt pw N Tle 10-28-29 12-43-89 04-26-70 06-12-¢0 06-25-20 07-11-90 07-13-90 07-13-90 08-09-90 08-22-90 09-28-90 10-03-90 10-08-90 10-09-90 10-29-90 10-29-90 11-19-90 11-23-90 12-18-90 12-19-90 12-19-90 12-21-90 08-04-90 08-09-90 08-22-90 09-28-90 10-03-90 10-08-90 F-9-9-4(b) F-10-v-4(b) F-10-c-4(b) Ror com oe 57.99 435.64 43.17 165.70 822.83 1,457.98 308.36 10.13 16.73 181.73 555.90 131.98 34,034.41 564,610.58 “5 CER EG tVyeread 34,034.41 RO page 28 Sherp Fhils, Sharp Phils, Sharp Phils.

Sherp Fhils.

Sherp Phils.

Sharp Fhils.

Colgate-Palnolive Colgate-Palmolive Colgate-Palrolive Colgete-Palrolive Colgate-Palmolive Colgate-Palnolive Colgate-Palnolive Colgate-Palmolive Colgate-Palmolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palmolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnolive Colgate-Palnotive Colgate-Palnolive Colgate-Palnolive Phils, Phils.

Phils, Phils.

Phils.

Phils, Phils.

Phils.

10-09-93 10-29-29 12-G5-29 12-65-20 12-18-20 12-21-99 04-04-30 04-05-90 04-06-90 04-18-90 06-13-90 07-11-90 08-06-90 08-07-90 08-08-90 08-09-90 08-09-90 08-10-90 09-05-90 09-12-90 09-26-90 10-03-90 10-05-90 10-14-90 10-29-90 11-06-90 11-08-90 11-09-90 12-03-90 12-05-90 otis 400 -a- 4b) 261,918.35 11,005.30 96,394.64 56.60 151.98 4,454.97 39,738.39 39,738.39 42.20 9, 487,85 4,818.78 8,816.48 30,670.11 3,963.33 2,599.64 4,905.50 5,068.31 277.16 278.87 26.76 5,271.37 ~~ —~ om CO Ww CD “4m O on ~ co — a 1a w | oo co leo i) on rw ow o ao oom wo wo oon a — oe Pr QR page 29 5C-073 §C-073 5C-073 5C-673 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 50-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-074 5C-075 5C-075 5¢-075 5¢-075 5C-076 5C-076 5C-076 5C-076 5C-076 Coleate-raleolive Phils. Colcete-Feleclive Phils. Colgate-Falmolive Fhils. Colcate-Palmolive Phils.

FOSECO Phils., Inc.

FOSECS Phils., Inc.

FOSECO Fhifs., Inc, FOSECO Phils., Inc.

FOSECO Phils., Inc.

Malaysian Airlines Malaysian Airlines Malaysian Airlines Malaysian Airlines Victory Liner Victory Liner Victory Liner Victory Liner Victory Liner 12-05-99 12-14-30 12-14-80 12-26-99 04-04-90 04-05-90 05-10-99 06-05-90 07-11-90 08-09-90 08-09-90 08-13-90 08-22-90 08-29-90 09-26-90 10-03-90 10-14-90 10-19-90 10-29-90 12-05-90 12-05-90 10-03-90 10-03-90 11-23-90 12-06-90 08-09-90 08-09-90 10-03-90 11-29-90 12-28-90 “te -f-4(b) -13-aa-4(b) -11-0-4(a) -10-i-4(b) -10-p-4(b) -12-b-4(b) -13-gg-4(b) -13-aa-4(a) -10-v-4(c) a 4(c) -c-4(b) -d-4 -f-4 -13-aa-4(a) -13-hh-4 -12-1-4(8) 122,77 28,083 1 3.60 £0, 2.28 a} 366, 15,090.

78, 176.

14,825.

593.

3,485.

2,759.

11,960.

3,793, 1,556.

3,139.

3,443.

4,510, 4,510, 564, 37,523, 3,203.

282.

8,725, 8,529.

645.

373.

694.

;

76 12 27 12 43 43 19 32 34 51 4{ 69 67 36 56 56 98 17 22 4{ 81 al 69 88 27 26 1,68 3,686.

o ~~ © @ =~ oe wlio —-~ mo — 554, 5,61 11.45 3,018.62 15.65 35.34 2,965.09 2,965.09 118.64 697.06 551.87 2,392.10 758.68 311.94 627.93 688.67 902.11 902.11 113.00 7,504.63 640.64 56.48 1,745.16 1,705.94 129.14 74,78 138.85 22,637.48 8,314.75 3,793.87 58,211.11 16,103.32 38,902.67 22,637.48 8,314.75 3,793.87 page 30 5C-077 foehricger Eeployee Council 04-C4-$0 F-é-c-4 $3,870.69 6,774.12 5C-077 Eoehringer Employee Council O4-41-90 F-i4-f-4 9,032. e1 1,806.52 5C-077 Beetrisger Empleyee Council 06-04-99 F-{5-b-4 1,199.29 238.05 5C-G77 Boekrincer Employee Council 06-13-90 F-t4-w-4 2,665.68 513.20 5C-077 Boekringer Exployee Council 06-27-90 F-14-t-4 4,221.22 844.24 5C-077 Boehringer Employee Council O7-11-90 F-7-d-4 2,035.00 407,00 5C-077 Boehringer Employee Council OQ7-11-90 F-7-c-4 957.27 191.45 5C-077 Boetringer Erployse Council 07-25-90 F-1i-w-4 287.74 57.55 5C-077 Boehringer Employee Council 08-08-90 F-7-b-4 639.32 127.66 5C-077 Boehringer Employee Council 08-09-90 F-&-t-4 8,995.64 1,799.13 5C-077 Boehringer Employee Council 08-09-90 F-13-x-4 8,995.64 1,799.13 5C-077 Boehringer Employee Council 08-13-90 F-8-h-4 204.06 40.81 5C-077 Boehringer Employee Council 08-16-90 F-15-f-4 381.98 76.40 5C-077 Boehringer Employee Council 08-22-90 F-14-c-4 1,310.48 262.10 5C-077 Boehringer Employee Council 09-05-90 F-13-2-4(a) 1,405.61 281.12 5C-077 Boehringer Employee Council 09-19-90 F-14-b-4 431.95 86.27 5C-077 Boehringer Employee Council 09-20-90 F-14-a-4 894.43 178.89 5C-077 Boehringer Employee Council 09-21-90 F-9-c-4 147,27 29.45 5C-077 Boehringer Employee Council 09-26-90 F-9-f-4(b) 1,539.04 307.81 5C-077 Boehringer Employee Council 10-03-90 F-13-aa-4(b) 4,035.54 807.11 5C-077 Boehringer Employee Council 10-04-90 F-10-w-4 454,55 90.91 5C-077 Boehringer Employee Council 10-14-90 F-11-c-4(a) 610.08 122.02 5C-077 Boehringer Employee Council 10-19-90 F-10-i-4(b) 526.39 105.28 5C-077 Boehringer Employee Council 10-29-90 F-10-p-4(b) 2,206.18 441.24 5C-077 Boehringer Employee Council 12-05-90 F-13-gg-4(b) 2,083.19 416.64 5C-077 Boehringer Employee Council 12-05-90 F-12-b-4(b) 2,083.19 416.64 5C-077 Boehringer Employee Council 12-28-90 F-12-1-4(a) 1,666.25 3433.25 18,554.30 29,197.19 18,554.30 5C-081 Ault & Witborg Co. 04-04-90 F-4-c-4 120,874.09 24,174.82 5C-081 Ault & Witborg Co. 04-05-90 F-14-2-4 11,638.86 2,327.77 5C-081 Ault & Witborg Co. 08-01-90 F-14-[-4 3,296.11 659.22 ful? & Witbera ts fult & Fitterg os Ault & Ritberg 02 Auit & Wittora ee, Auit & Eitberg Co.

Ault & Hitterg Ce, Avlt & Witberg Co, Ault & Witborg Co.

Ault & Witborg Co.

Welcone Phils., Inc.

Welcone Phils., Inc, Welcome Phils., Inc, Welcone Phils., Inc.

Welcome Phils., Inc.

Welcome Phils., Inc, Welcome Phils., Inc, Welcone Phils., Inc.

Welcone Phils., Inc.

Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines Japan Airlines 10-14-09 10-29-89 12-19-89 09-26-90 10-03-90 11-07-90 11-23-90 11-29-90 12-05-90 12-05-90 12-05-90 12-28-90 04-04-90 04-04-90 04-04-90 09-28-90 10-03-90 10-03-90 10-14-90 10-29-90 11-07-90 11-23-90 12-05-90 12-05-90 eavesyed * 0 -13-aa-4(a) -11-c-4{a) -10-p-4(c) -13-n-4{b) -16-b-4(c) -12-b-4 (a) -12-a-4{a) An sas Vege 80 15 27 AIK} 25 92 12 58 ak) 65 47 12 1,731.78 co n n> re) = 5,305.38 1,731.78 er = _— “—P a =_ ieesss 125-59 rr . na eae Agera & igtes CE-€2-22 Ageia & jet g-09-2) 26 Adeza & Associates 10-42-99 5C- 085 Pe me , AGaza & Associates 10-14-99 50-085 artis Adeza & Asseciates 10-29-90 5C-085 Polador, Adaza & Associates 11-02-90 5C-065 Poladcr, Adaza & Associates 11-19-99 5C-085 Poledor, Adaza & Associates 12-26-90 5C-086 Phil. Belt Mfg. Corp. 06-06-90 5C-086 Phil. Belt Mfg. Corp. 11-07-90 5C-086 Phil. Belt Mfg. Corp. 12-05-90 5C-086 Phil. Belt Mfg. Corp. 12-05-90 TOTAL Page osct 2) vette? aaa i 25.'2 164,528, 22 (24,622,233 -i-t-/ 23.08 ane pebeted 228.57 aT .7h fad Cael 298,57 47.it F-o-d-402) 512, $7 103.59 Fo‘ Q-e-! fe) 205.63 1.47 Frft-o-4{3) 32.43 6.24 F-{0-p-4(5) EGE 11.44 F-{{-a-4 540.39 106.08 F-13-0-4(4) 332.89 66.58 F-12-i-4(a) 158.55 31.71 467.87 775.79 467.87 F-6-b-4 5,943.61 1,188.72 F-{3-n-4(a) 1,105.80 221.16 F-13-gg-4(b) 1,182.76 236.55 F-12-b-4(b) 1,182.76 236.55 1,882.98 1,623.13 1,623.13 $2,533,242.53 6,506,648.12 6,506,648.12 14, 192,832.80 6,338, 446.44 TT. het