The fifth paragraph of Executive Order No. 237 dated June 16, 1970, is hereby further amended by including the Chairman of the Board of Investments as member of the National Council for Small and Medium Industries to read as follows:

“NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby create a National Council for Small and Medium Industries which shall be composed of the following:

Chairman of the National Economic Council	Chairman
Director, U.P. Institute for Small Scale and Medium Industries	Action Officer
Secretary of Commerce and Industry	Member
Chairman, Board of Investments	Member
Chairman, Board of Governors, Development Bank of the Philippines	Member
President, Philippine National Bank	Member
General Manager, Government Service Insurance System	Member
Administrator, Social Security System	Member
Representative, Philippine Chamber of Small Business and Industries	Member
Representative, Philippine Chamber of Industries	Member
Representative, Philippine Chamber of Commerce	Member

Done in the City of Manila, this 2nd day of March, in the year of Our Lord, nineteen hundred and seventy-one.


By the President:

(SGD.) ALEJANDRO MELCHOR
Executive Secretary