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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 578 |
The Secretary of Tourism
SECTION 1. Letter of Instruction No. 573 is hereby amended to read as follows:
"Accordingly
—
1. The
implementation of the additional emergency allowance of P60.00 per
month under Presidential Decree No. 1123 shall be as follows:
a) All hotels
or other tourism lodging establishments which have began paying the
aforesaid emergency allowance shall continue doing to do so.
b) Any hotel
or other tourism lodging establishment suffering from financial
difficulties by reason of substantial loans and obligations from any
government or private lending institution, the proceeds of which were
used for the construction of the building and the purchase of its
furnishings, may file an application for exemption, under such rules
and regulations which you may jointly promulgate."
Done in the City of Manila, this 28th day of July, in the year of Our Lord, nineteen hundred and seventy-seven.
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Since 19.07.98.