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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 70
TO
: The Acting Chairman-Administrator
Export Processing Zone Authority
The Secretary of Finance
The General Manager
Government Service Insurance System
The Administrator
Social Security System
In view of the need to accelerate the development of the Export Processing Zone and in order to provide needed housing facilities therein, the Investment Coordination Committee and the National Economic and Development Authority have recommended the financing scheme for funding a housing development project of the Export Processing Zone Authority in which the National Government shall lend to the EPZA P20 million to be generated from the sale of a 5-year, 10-3/4 Treasury Notes to the GSIS and SSS, which I hereby approved.
Necessary steps should now, therefore, be taken to implement the said financing scheme in order that the EPZA housing project may be started and completed in the shortest possible time.
Done in the City of Manila, this 2nd day of April, in the year of Our Lord, nineteen hundred and seventy-three.
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