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(NAR) VOL. 10 NO. 2 / APRIL - JUNE 1999

[ BSP CIRCULAR LETTER, April 21, 1999 ]

ORDER FREEZING THE ASSETS OF WINGOLD MANAGEMENT PHILS., INC. (WINGOLD MANAGEMENT LIMITED)



As requested by Chairman Perfecto R. Yasay, Jr., of the Securities and Exchange Commission (SEC), we are furnishing you, for your reference and guidance, a copy of his letter dated April 14, 1999, seeking assistance in the implementation of a SEC Order freezing the assets of WINGOLD MANAGEMENT PHILS., INC. (Wingold Management Limited) by informing trustee/depository banks of said corporation to disallow any and all withdrawals of any assets of said corporation in their custody.

Adopted: 21 April 1999

(SGD.) ARMANDO L. SURATOS
Deputy Governor and General Counsel
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