TO: | The Secretary of Finance The Secretary of Natural Resources The Secretary of Industry The Secretary of Local Governments and Community Development The President, National Investment and Development Corporation The President, Philippine Veterans Investment and Development | |
Company |
(1) | establish forthwith a regional cooperative in Regions I and II, with the National Investment and Development Corporation as the organizing unit, to purchase the shares of stock of Cellophil Resources Corporation and Philippine Cellophane Film Corporation and run their logging and manufacturing operations; | |
(2) | arrange the transfer of the legging concession of Cellophil Resources Corp, to the regional cooperative; | |
(3) | negotiate the purchase of the shares of stock of Herditex Mills Inc, with the Philippine Veterans Investment and Development Corp. as purchaser and operator of the textile mill; and | |
(4) | submit monthly progress reports on the work of the Committee, |