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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 111
TO
: 1. The Secretary of Finance Manila
2. The Governor Central Bank
of the Philippines Manila
3. The Commissioner Budget
Commission Manila
4. All other Entities Concerned
In order to alleviate the critical shortage in tire supply which is presently restricting the accelerated flow of grains and holding back vital Government projects, you are hereby instructed to undertake the following:
1.
The Governor of the Central Bank is directed to
approve the importation of 10,000 tires by the tire manufacturers, to
arrive before December 31, 1973. Such importation may be made in behalf
of the National Grains Authority, the Bureau of Public Highways, or the
Department of National Defense, whichever is most appropriate.
2. The
Commissioner of the Budget Commission is
instructed to provide the necessary amount (corresponding to taxes and
duties) to the government agency on whose behalf the importations are
made.
3. All other
entities, both Government and Private,
are hereby directed to give all the support for the proper attainment
of the goals set forth by this Letter of Instruction.
Immediate and strict compliance with this Letter of Instruction is desired.
DONE in the City of Manila, this 6th day of August, in the year of Our Lord, nineteen hundred and seventy-three.
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