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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Memorandum Circular No. 520, December 3, 1971 ]

CREATING A COMMITTEE TO FORMULATE GUIDELINES FOR IMPLEMENTING THE RESOLUTION OF THE OIL INDUSTRY COMMISSION APPROVING IN PRINCIPLE THE PROPOSAL TO RESTORE FILIPINO OWNERSHIP OF FILOIL REFINERY CORPORATION.

There is hereby created a Committee to formulate guidelines for implementing the resolution of the Oil Industry Commission approving in principle the proposal to restore Filipino ownership of Filoil Refinery Corporation, to be composed of the following:

Hon. Eduardo Rodriguez, Administrator Office of Economic Coordination	–	Chairman
Hon. Leonides S. Virata, Chairman Development Bank of the Philippines	–	Member
Hon. Demetrio Brillantes, General Manager, National Development Company	–	Member

The Committee is enjoined to follow the conditions provided in the resolution of the Oil Industry Commission dated November 15, 1971.

It is further enjoined to submit its recommendations to the President as soon as possible.1âшphi1

By authority of the President:

(SGD.) ALEJANDRO MELCHOR
Executive Secretary

Manila, December 3, 1971

The Lawphil Project - Arellano Law Foundation

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