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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 27
TO :
The Secretary of National Defense
Pursuant to Proclamation No. 1081, dated September 21, 1972, declaring
a state of martial law, and in my capacity as Commander-in-Chief of all
the Armed Forces of the Philippines, and considering —
1.
That steel sheets and tin-plates are critically
essential for infrastructure projects, housing and many other
activities, and the manufacture of foods and other products which are
necessary for the daily existence of our people;
2. That the
Iligan Integrated Steel Mills, Inc. was
designed and intended to supply the bulk of the country's demand for
steel sheets and tin-plates, and yet it has stopped to operate since
August, 1971;
3. That the
Elizalde Steel Company and the Elizalde
Rolling Mills, Inc., while operating and producing steel products are
unable to meet the requirements of the steel markets due to the limited
capacity of their mills;
4. That the
foregoing situation, if allowed to
continue, will gravely disrupt the much-needed supply of steel products
to the detriment of the public and the economy;
5. That the
operations of the Iligan Integrated Steel
Mills, Inc. and the Elizalde Rolling Mills, Inc. ought to be
coordinated and geared towards the objectives envisioned in the
government's long range economic program and reforms presently being
launched;
6. That the
acts of the Management of the Iligan
Integrated Steel Mills, Inc. even after the submission of the case
between the Government and IISMI to the Supreme Court and the Courts of
Justice indicated that the IISMI disposed of property by fraudulent
means, and that the funds or money earned was not properly accounted
for, and neither were they applied for payment of obligations due to
the Government and the government-owned corporations;t
7. That the
ELIROL, on the other hand, when informed
of the plan of the Government to take over the IISMI and the ELIROL,
voluntarily offered to turn over the ELIROL and allow the Government to
operate its mills;
IN VIEW OF THE FOREGOING, and in order to promote the general welfare and the defense of the state, you are hereby ordered forthwith to take over or cause the take over of the management, control and operation of the Iligan Integrated Steel Mills, Inc., and the Elizalde Rolling Mills, Inc., for the duration of the present national emergency or until otherwise ordered by me or by my duly designated representative.
In the case of the Iligan Integrated Steel Mills, Inc., you are further directed to take all steps, means and measures necessary and essential for the resumption of the operations of the entire steel plant.
Done in the City of Manila, this 14th day of October, in the year of Our Lord, nineteen hundred and seventy-two.
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