MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ Memorandum Order No. 310, November 6, 1972 ]
CREATING A TASK FORCE TO LIQUIDATE THE OPERATIONS OF THE PHILIPPINE NATIONAL COOPERATIVE BANK.
There is hereby created a Task Force to liquidate the operations of the Philippine National Cooperative Bank and to transfer all the assets of the said Bank to the Philippine National Bank.
The Task Force shall be composed of the following:
| Mr. Ramon B. Cardenas, Development Management Staff |
Chairman |
| Mr. Victor Macalincag, Department of Finance |
Vice-Chairman |
| Mrs. Josefina V. Segui, Presidential Economic Staff |
Member |
| Mr. Fernando Baluyot, Presidential Economic Staff |
Member |
| Mr. Cayetano S. Sarmago, Development Management Staff |
Member |
| Atty. Alexander Brillantes, Philippine Co-operative Credit Union League |
Member |
The Task Force shall arrange the immediate transfer of all assets of the Philippine National Cooperative Bank to the Philippine National Bank. Furthermore, arrangements with respect to funds and operations of the Philippine National Bank in support of the Cooperatives Development Program shall likewise be made.
You are hereby directed to submit your report two weeks from the date hereof.1aшphi1
By Authority of the President:
(Sgd.) ALEJANDRO MELCHOR
Executive Secretary
Manila, November 6, 1972
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