- Title
- Inclusion of Uncollected Masagana 99 Accounts in the Computation of Total Past Due Obligations of Rural Banks
- Reference
- Letter of Instructions No. 1151
- Date
- 1981-06-25
June 25, 1981
LETTER OF INSTRUCTIONS NO. 1151
| TO | : | The Minister, Ministry of Agriculture |
| The Minister, Ministry of Justice | ||
| The Minister, Ministry of Local Government and Community Development | ||
| The Governor, Central Bank of the Philippines | ||
| The President, Philippine National Bank | ||
| The President, Land Bank of the Philippines | ||
| The Chairman, Civil Service Commission | ||
| The Chairman, National Police Commission |
WHEREAS, under cd i
WHEREAS, the liberal credit policy effected through aforesaid exclusion under acd
WHEREAS, in order to insure the viability and credibility of the Masagana 99 supervised credit program, there is an imperative need to eradicate such irregularities in the operation of rural banks;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the
The provisions of
This Letter of Instructions shall take effect immediately.
DONE in the City of Manila, this 25th day of June, Nineteen Hundred and Eighty-One. aisa dc