In implementation of the provisions of Republic Act No. 4700 providing for the acquisition and operation of a national security printing plant, I, FERDINAND E. MARCOS, President of the Philippines, do hereby create a Security Printing Committee to be composed of the following:

The Secretary of Finance  .......................................................  Chairman
The Governor, Central Bank of the Philippines ........................   Member
The Secretary of General Services ..........................................   “

The Committee shall take charge of the acquisition, with the approval of the President, installation, operation and maintenance of the security printing plant. It is empowered, with the approval of the President, to borrow funds, when necessary, from any local or foreign institution in an amount not exceeding that provided for in Section 4 of Republic Act No. 4700 to cover the cost of acquisition and installation of the plant.

It may call upon any department, bureau, office, agency or instrumentality of the Government for such assistance as it may need in the performance of its functions.

The Secretary of Agriculture and Natural Resources shall exclude five (5) hectares from the operation of Proclamation No. 42 dated July 5, 1954, for security plant site purposes and shall submit the necessary technical description as soon as possible.

Done in the City of Manila, this 22nd day of November, in the year of Our Lord, nineteen hundred and sixty-six.


By the President:

(Sgd.) RAFAEL M. SALAS
Executive Secretary