ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Search for
www.chanrobles.com
:
LETTER OF INSTRUCTIONS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
|
|
|
|
|
LETTER OF INSTRUCTIONS NO. 1409 |
The Governor, Central Bank, The Chief of Staff, Armed Forces of the Philippines, The
Commander, Southwest Command, The Commander, Philippine Coast Guard, The General
Manager, Philippine Ports Authority
WHEREAS, majority of the people living in Zamboanga del Sur depend upon barter trading as their principal means of livelihood;
WHEREAS, barter trading in the areas was suspended in April 1983 resulting in the loss of livelihood and economic difficulties among the people;
WHEREAS, the Kilusang Kabuhayan at Kaunlaran (KKK) is developing the self-help program and promoting exportation of products produced in the region;
WHEREAS, there is a pressing need for imported raw materials and supplies needed by export-oriented and essential domestic industries; and
WHEREAS, to restore the people's primary means of livelihood and assist export-oriented and essential domestic industries in procuring imported raw materials and supplies;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me by the Constitution, do hereby order the following:
1.
The barter trading in the Zamboanga area shall be reopened to members
of KKK accredited associations of barter traders subject to the
following condition:
(a)
Barter trading may be undertaken only for purposes of exporting
products of KKK producers and accredited companies, as well as
importing critical basic consumer items and raw materials and supplies
needed by export-oriented and essential domestic industries certified
by the KKK-Processing Center Authority. The importations shall
constitute seventy percent (70%) raw materials and thirty percent (30%)
finished goods;
(b) The KKK
accredited association may designate one major vessel a month to carry
its barter trade goods subject to approval/clearance of and upon
compliance with such requirements a may be imposed by, the
KKK-Processing Center Authority.
3. The rules and regulations promulgated to implement Presidential Decree No. 93 which are not inconsistent with the provisions of this LOI, shall continue to be enforced.
4. This Letter of Instruction shall take effect immediately.
Done in the City of Manila, this 9th day of May, in the year of our Lord, nineteen hundred and eighty-four.
chanrobles virtual law library
Back to Main
Since 19.07.98.
