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Archive for May 4th, 2012

Nothing hurts more than realizing he meant everything to you, but you meant nothing to him.

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Just because you know someone would wait for you forever doesn’t mean you can let them wait that long and The greater your capacity to love, the greater your capacity to feel the pain.

Every heart has a pain. Only the way of expressing it is different. Fools hide it in eyes, while the brilliant hide it in their smile.

 

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‘Victory’ series

The ‘Victory’ note series was printed in 1944, to be used upon the return of MacArthur. When he came ashore in Leyte on Oct. 20th, 1944, he was purportedly carrying some of these in his pocket. They definately brought many crates full of these notes with them during this landing.

According to a BEP report the number 66 (for the series) was chosen because that was President Quezons age when he died just prior to the liberation of the Philippines.

VICTORY notes were printed at the U.S. BUREAU of Engraving and Printing- the last Philippine currency printed by the US. Replacement notes are indicated by a star prefix to the serial number. There are also signature combinations which are harder to find. The signature combinations are as follows:

  • S. Osmena and J Hernandez (w/ title of Auditor General) [most common except for 500P]
  • S. Osmena and M. Guevara (w/ title of Treasurer) [100 & 500 only – rare]
  • M. Roxas and M. Guevara (not found on 1, 5 or 10 – rarest on others]
Denomination & Description Signature Delivered
1 peso, Mabini S. Osmena, J.Hernandez 61,192,000
2 pesos, Rizal S. Osmena,J.Hernandez 16,231,272
5 pesos, McKinley & Dewey S. Osmena, J.Hernandez 17,355,000
10 pesos, Washington S. Osmena, J.Hernandez 16,825,600
20 pesos, Mt Mayon S. Osmena, J.Hernandez 12,439,635
20 pesos, Mt Mayon Manuel Roxas, M.Guevara 1,063,765
50 pesos, Gen Lawton S. Osmena, J.Hernandez 1,884,686
50 pesos, Gen Lawton Manuel Roxas, M.Guevara 456,414
100 pesos, Magellan S. Osmena, J.Hernandez 487,335
100 pesos, Magellan S. Osmena, M. Guevara 363,266
100 pesos, Magellan Manuel Roxas, M.Guevara 404,799
500 pesos, Legaspi S. Osmena, J.Hernandez 12,991
500 pesos, Legaspi S. Osmena, M. Guevara 130,725
500 pesos, Legaspi Manuel Roxas, M.Guevara 163,284

These currency notes were for use only in the Philippines, and were obligations of the Philippine Treasury. The 500 Peso Philippine Victory Notes were demonetized by the Philippine government on December 31, 1957, and were withdrawn from circulation. At that point, other denominations of the Philippine Victory Notes, Victory Series 66, were no longer regarded as legal tender but could be exchanged or replaced at par, without charge, for legal currency until July 30, 1967. After that date, Series 66 was considered demonetized.

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PLEASE NOTE: JAPWANCAP WAS NEVER ACCEPTED AS A LEGITIMATE ORGANIZATION BY ANY GOVERNMENT. THE CERTIFICATES CANNOT BE REDEEMED. THEY ARE ONLY WORTH WHAT A COLLECTOR WOULD PAY FOR THE CERTIFICATES. A CERTIFICATE AND ALL DOCUMENTATION THAT GOES WITH IT WILL PROBABLY BE WORTH $10-$25 ON EBAY, BUT THAT IS ABOUT ALL.

JIM notes are usually worth ten to twenty five cents each, unless they are in perfect condition, then fifty cents to a dollar. If they are the replacement type, they could be worth a couple of dollars to even five dollars.

In August 1940, Japanese Prime Minister Matsuoka Yôsuke announced the idea of the Greater East Asia Co-Prosperity Sphere, a group of Asian nations led by the Japanese and free of Western powers; “Asia for Asians”. As Japan occupied various Asian countries, they set up governments with local leaders who proclaimed independence from the Western powers. One of the main ways to accomplish this was to have a unified currency, one that was not tied to western currencies.

Japanese Invasion Money was officially known as Southern Development Bank Notes. It is a currency that was issued by the Japanese Military Authority, as a replacement for local currency. In February 1942 Japan passed laws which established the Wartime Finance Bank and the Southern Development Bank. Both of these banks issued bonds to raise funding for the war. The former loaned money primarily to military industries. The latter is the one we are interested in here. They provided financial services in areas occupied by the Japanese military, and these Southern Development Bank notes were the Japanese Invasion Money we are now looking at.

Once the Japanese government made these notes, their military confiscated all hardcurrency in the Philippines, both from the government and the people. They replaced it with Southern Development Bank notes.

Now for an explanation of the method the Japanese used for adding serial numbers to most of these issues. They first used what are known as “Block Letters”, printed in red on the face of the note. This system has the first letter denoting the location issued: therefore, the Philippines had block letters which started with P. So for example, the Philippine notes would have on the front depending on when printed, a set of letters in red: PA, PB, PC all the way through PZ. These are known as “Whole Block Letters”.

When PZ was reached, one of two things happened- for the one through fifty centavos notes, it was decided to use what is called “Fractional Block Letters”. These were basically a fraction, but instead of numbers, it was letters, appearing like this: P/AA and this system worked in the same principal as before. The letter on top denoted the location, and the bottom two were the series, starting with AA and progressing as needed. When AZ was reached, it was advanced to BA and went through BZ, and on some issues, CA and so on to EZ. For the Pesos notes, serial numbering was introduced (as well as a design change).

Some denominations have letters skipped over. The reason for this is not known, but it is believed that so many of these notes were printed, they may not have been discovered yet. Even today, bundles of Japanese Invasion Money are being discovered under old huts, in tunnels and stuffed into caves.

The second issue peso notes (1, 5, 10 and 100 Pesos) had a block number and a serial number usually beginning with a zero. Some serial numbered notes begin with the number one. These notes were issued as replacements for damaged notes, much like American ‘star’ notes (although a lot harder to find!). The block number range of the notes with serial numbers is 1 – 79. On the one peso notes only, blocks 80 – 87 had no serial numbers (they were produced in haste after the Americans landed on Luzon- there were 5 print runs). These notes with just plate block numbers are much harder to find than the ones with serial numbers.

Also, after the liberation of the Philippines, the Red Cross came in to help out. They obtained many of these JIM notes, and punched 2 holes in each one. Then these hole-punched notes were distributed to the soldiers as souvenirs. These notes have no extra monetary value, but do come with a bit more of a story and can usually be found in high grades.

Regarding the legality of the JIM notes after the war, President Truman did not support the stance of the Philippine government. Commonwealth House Bill No. 647 (Senate Bill No. 51), titled “An Act Governing the Payment of Monetary Obligations Incurred or Contracted Prior to and During the Japanese Invasion of the Philippines and for Other Purposes,” was passed by both houses of the Philippine Commonwealth Congress on the last day of its last session, December 20, 1945. It was signed into law by President Osmeña on January 18, 1946. The law provided for the validation of payments made in Japanese “mickey mouse” money during the period of enemy occupation.

 

 

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The grouping called the Cuyo Islands has on its largest island a municipality of the same name. Issues of Cuyo´s emergency currency comprise a large series with major type and design variations.  Cuyo is the easiest municipality to obtain notes from, but as with all the Palawan notes

 

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The United States will nearly triple its military funding for the Philippines this year, the Philippine Department of Foreign Affairs said on Thursday, as tensions rise with China over disputed islands and Washington bolsters its alliance with Manila.

However, the Philippines expressed concern over what it said was a sharp decline in its share of US foreign military financing (FMF) despite Manila’s central role in the US’s military “pivot” back to Asia.

Foreign Secretary Albert del Rosario said the Philippines accounted for over 70 percent of total FMF allocation for East Asia in 2006, compared to 35 percent this year.

“We hope this is not indicative of the priority placed on the Philippines as a regional partner, as even non-treaty allies appear to be getting a bigger share of the FMF allocation,” del Rosario said in a speech at the Heritage Foundation in Washington, according to a Foreign Affairs statement.

Del Rosario was in Washington for the first “two-plus-two” dialogue among their foreign and defense secretaries as they look at ways to deepen ties and help Manila build a “minimum credible defense posture.”

Washington agreed to provide $30 million in FMF this year, up from an initial 2012 allocation of $15 million and from $11.9 million last year. In 2003, funding amounted to $50 million as Washington sent forces to help the Philippines battle al Qaeda-linked militants.

The Philippines is offering the United States greater access to its airfields and may open new areas for US soldiers to use as it seeks stronger military ties with its ally and faces rising tensions with China in the maritime dispute.

The United States also agreed at the meeting to share “real-time” data on the South China Sea, suggesting it will give Manila more of its surveillance data on naval activity. The State Department also promised to explore “creative funding streams” to help the Philippine military.

Del Rosario, who previously served as Manila’s ambassador to Washington, also urged the US to lift conditions on a portion of FMF allocation for the Philippines.

Since 2008, the United States has withheld the release of about $3 million in military financing for the Philippines due to political killings and human rights abuses.

He said the current government of President Benigno Aquino III has already taken significant steps to end these killings and has improved human rights conditions.

Since 2002, the Philippines has received nearly $500 million in military aid from the United States, according to the US embassy in Manila. The amount does not include the transfer of 20 reconditioned helicopters, a Cyclone-class ship and a Hamilton-class cutter.

A second Hamilton-class cutter will be transferred later this month and the two sides are discussing the possibility of a third Hamilton-class ship and a squadron of second-hand F-16 fighters. —Reuters

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We pray in our homes the Rosary daily at our leisure, but we pray together as a global family in unison every Friday during the Hour of Divine Mercy in Jerusalem 15:00-16:00 (3-4PM). Please check your timezone below. All who are able to attend at this time are invited. We will also pray for your personal intentions, those posted and those which are kept silent in your heart. May the Lord hear our prayers. http://24timezones.com/world_directory/time_in_jerusalem.php
15:00 (3PM) Jerusalem, Israel
22:00 (10PM) Sydney, Australia
21:00 (9PM) Tokyo, Japan
20:00 (8PM) Manila, Philippines
19:00 (7PM) Jakarta, Indonesia
17:30 (5:30PM) Mumbai, India
16:00 (4PM) Moscow, Russia
15:00 Beirut,Lebanon;Istanbul,Turkey;Nairobi,Kenya
14:00 (2PM) Warsaw, Poland; Rome, Italy
13:00 (1PM) Lagos, Nigeria; London, UK
12:00 (12PM) Reykjavik, Iceland
09:00 (9AM) Rio de Janiero, Brazil
08:00 (8AM) New York, USA
07:00 (7AM) Chicago, USA
06:00 (6AM) Edmonton, Canada
05:00 (5AM) Los Angeles, USA

Let us pray the Rosary this Friday with our Blessed Mother
1. For the Pope and his intentions; General : Family. That initiatives which defend and uphold the role of the family may be promoted within society.
Missionary: Mary, Guide of Missionaries. That Mary, Queen of the World & Star of Evangelization, accompany missionaries in proclaiming her Son Jesus.
2. that Bishops may shepherd their flock with great love, to govern their dioceses with prudence, wisdom, strength and devotion during times of great trials given by pressures from modern culture & society
3. that religious stay close to the Cross, seeking not the world’s trivialities
4. may parents take the necessary steps to place faith first in their familial circle, for children to grow to be strong witnesses to the Lord’s Gospel.
5. that sinners & pagans may open their hearts to divine grace and receive the Holy Spirit within the one, holy, universal and apostolic Church.
6. that Christians fall in love w/ Mother Mary, carrying salvation in her womb

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