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[ LETTER OF INSTRUCTION NO. 499, January 26, 1977 ]

TO:
The Secretary of Trade
The Governor, Central Bank of the Philippines
The Chairman, Philippine Export Council
The Secretary of Tourism
The President, Philippine National Bank
The Director-General, National Economic and
    Development Authority
  The Governor, Board of Investments
The Chairman, Development Bank of the Philippines
The General Manager, Government Service Insurance
    System
  The Chairman, National Science Development Board
The Chairman, Social Security System
The Chairman, Philippine International Trading
    Corporation

Pursuant to Presidential Decree No. 1075 dated January 26, 1977, and in order to implement the provisions of Section 4 of the same Decree, the following agencies and instrumentalities shall appropriate out of their budgets contributions to a fund  campaign to support the export development drive to Japan launched through major Philippine participation at the 12th Tokyo International Trade Fair, listed hereunder:
1. Department of Trade 
P250,000
  
2. Central Bank of the Philippines
250,000
  
3. Philippine Export Council
250,000
  
4. Philippine National Bank
250,000
  
5. Department of Tourism
185,000
  
6. National Economic and Development
Authority

92,500
  
7. Board of Investments
92,500
  
8. Development Bank of the Philippines
90,000
  
9. Government Service Insurance System
90,000
  
10. National Science Development Board
90,000
  
11. Social Security System
90,000
  
12. Philippine International Trading Corporation
90,000
  
   
_________
  
  Total
P1,820,000
  
All abovementioned Government agencies are hereby directed to remit abovementioned amounts to the Confederation of Philippine Exporters, Inc., a corporate body authorized to accept contributions and donations from both the Government sector and the private sector and to implement the total program authorized herein as provided for by Presidential Decree No. 865: Provided, however, That all funds that shall be committed and expended shall be subject to audit by the Commission on Audit.

Done in the City of Manila, this 26th day of January, in the year of Our Lord, nineteen hundred and seventy-seven.

(Sgd.) FERDINAND E. MARCOS
President  of the Philippines
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