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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 465 |
Sugar Quota Administration
The Director-General
Philippine Sugar Institute
The Governor
Central Bank of the Philippines
To achieve greater efficiency in the sugar industry and assure realistic policy determination vital to the rationalization of the same industry, the Government considers it necessary to adopt ways and means to effect utmost synchronization of farm and mill operations. It is essential, therefore, that accurate information on total hectarage planted to sugarcane and crop estimates of sugar production be obtained by means of well-developed mapping of individual sugarcane farms.
You are therefore directed as follows:
1.
The Sugar Quota Administration shall require all
planters' and millers' associations to submit to the Philippine Sugar
Institute not later than September, 1977 parcellary plans of individual
farms of sugarcane planters planted to sugarcane starting Crop Year
1978-1979, which plans shall be updated annually thereafter.
2. The
Philippine Sugar Institute shall act as the
depository of all the parcellary plans submitted pursuant to this
Letter of Instructions and conduct, when necessary, verification of
these plans.
3. The Central
Bank of the Philippines shall issue a
directive to all banking institutions to make the submission of
parcellary plans a requisite for the purpose of granting crop loans to
the sugarcane planters starting Crop Year 1978-1979.
These instructions shall be effective immediately.
Done in the City of Manila, this 28th day of September, in the year of Our Lord, nineteen hundred and seventy-six.
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Since 19.07.98.
