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.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
LETTER OF INSTRUCTIONS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
LETTER OF INSTRUCTIONS NO. 224
TO
: The Commissioner of the Budget
The Treasurer of the Philippines
The President, Philippine National Oil Company
The Philippine National Company (PNOC) is continuing to import crude oil from Kuwait to assure the country of adequate fuel supplies. To enable PNOC to recover the cost differential involved in its crude importations, it is hereby directed that an additional eighteen million pesos (P18,000,000.00) from the Special Fund created under Sec. 7 (j) of Republic Act No. 6173, as amended, be released to said company to cover the balance of its estimated cost differential for the year 1974.
The Philippine National Oil Company is also hereby directed to submit to me on or before the end of the first quarter of 1975 a report accounting for the disbursement and use of the amounts released to it.
This Letter of Instructions shall take effect immediately.
Done in the City of Manila this 7th day of November in the year of Our Lord nineteen hundred and seventy-four.
chanrobles virtual law library
Back to Main
Since 19.07.98.
