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. 246
TO
: 1. The Secretary of National Defense
2. Philippine National Bank
3. Secretary of Finance, Commissioners of Customs,
BIR
I hereby confirm my verbal orders given to you by telephone to the effect that:
1.
All movement of export sugar be stopped
immediately;
2. That all
warehouses containing sugar be listed
down and guarded;
3. That a
complete inventory of all sugar stock both
for export and domestic consumption be immediately conducted;
4. That the
Philippine Exchange be directed to freeze
all clearances and shipping documents that may have given to any party
whatsoever for export;
Movement of domestic sugar shall
be suspended for the next 48 hours and
all papers shall be cleared with my office immediately before
resumption of trade and movement of domestic sugar;
5. All
officers and men of the Armed Forces of the
Philippines who may have been reported or suspected as having
participated in the massive smuggling of sugar out of the country
either directly or through negligence should be kept out of these
operations.
The reason for this sudden and swift stopping movement of sugar is the reported massive smuggling of sugar from the country.
It is reported that Victorias refined sugar in the amount of 180,000 tons is being peddled in Hong Kong and in Thailand. The warehouses in Kota Kinabalu are full of both refined and brown sugar. Smuggling is not only rampant but openly boasted about in trading and commercial circles outside of the Philippines.
It is also reported that documents such as quedans and the releases from warehouses or shipping documents can be obtained without any difficulty.
In view of the possible loss of 15% of the sugar crop because of typhoon Auring which hit the Visayas specially Negros, the massive smuggling of sugar from the Philippines may result in shortages which would be fatal to our economic plans.
Because of the Australian sale of 600,000 tons of sugar annually for five years to Mitsubishi at an average price of US$24 per pound all sellers and suppliers of sugar are now seeking long term contracts of at least five years.
The Philippines, upon the recommendation of the Federation of Sugar Planters as well as the Philippine Sugar Institute, the Philippine Exchange and other persons participating in sugar production, and sale should now obtain long term contract for the sale of sugar at the best possible price but certainly not less than the price at which Australia has sold sugar to Mitsubishi Corporation of Japan at US$.24 per pound.
You will implement this Letter of instructions immediately and report compliance thereof.
chanrobles virtual law library
Back to Main
Since 19.07.98.
