August 31, 1956
The Provincial Fiscal
Sts. Cruz, Laguna
S i r :
Reference is made to your letter dated July 2, 1956, relative to the proof of claim which you filed in the voluntary insolvency proceedings now pending in the Court of First Instance of Laguna, Biñan Branch, covering the tax liability of the Biñan Transportation Company, as requested in our letter dated June 16, 1956. casia
In our said letter dated June 16, 1956, we informed you about the contract or lease entered into between the Biñan Transportation Company as lessor, and the Laguna Tayabas Bus Company and the Batangas Transportation on Company as lessees, and a contract of assignment of rentals whereby the monthly rentals to be realized by the lessor in the said contract or lease were assigned to the Government in satisfaction of the tax liability of the lessor amounting to P40,160.93, which has been reduced to P35,160.93. Certified copies of these two documents are hereto attached. Pursuant to these contracts, some of the monthly rentals have already become due and payable and, as an...
