Taking Over the Control and Management of Assets of Vicente Tan
Letter of Instructions No. 250 • Presidential Issuances • Letters of Instructions • Feb 10, 1975
Full text
February 10, 1975 LETTER OF INSTRUCTIONS NO. 250 TO : The Governor Central Bank of the Philippines Further to Letter of Instructions No. 199 dated June 29, 1974, addressed to the Secretary of National Defense and General Fabian Ver, NISA, you are authorized and directed to take over the control and management of the assets of Vicente T. Tan and of the following companies which are affiliated with, related to, associated with, owned and/or controlled by Vicente T. Tan: Trans-World Investment Corporation Victan & Co., Inc. First International Investment Co., Inc. Far East Petroleum & Minerals Corporations Continental Land & Building Corporation Philcontrust International Corporation Continental Finance Corporation Overseas Insurance Corporation Pentagon Mines, Inc. Community Rural Bank of Panay City, Inc. Ortigas Development Corporation Cardinal Development Corporation Galleon Trader, Inc. Supreme Investment Corporation Community Foods, Inc. at such times and under such circumstances as you may deem appropriate and necessary to safeguard the assets of Vicente T. Tan and of such companies. You shall coordinate in this matter with the Secretary of National Defense and the Director-General of the National Intelligence and Security Authority. DONE in the City of Manila, this 10th day of February, in the year of Our Lord, Nineteen Hundred and Seventy-Five. cdt
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