June 16, 1999

MEMORANDUM FROM THE PRESIDENT

You are hereby directed to immediately release the amount of TWELVE MILLION PESOS (P12,000,000.00) to the Movie and Television Review and Classification Board (MTRCB) to cover the Board's additional funding requirements for 1999.

Authority is also granted for the release of TWO HUNDRED AND SEVENTY THOUSAND PESOS (P270,000.00) representing the Intelligence and Confidential Fund of the Board.

Submit a status report on your compliance to the above directive to this Office, through the Head, Presidential Management Staff not later than 30 June 1999.

For compliance.