Extending Guarantee Coverage for Losses on Production Loans to Agricultural Projects to Certain Provinces

August 18, 1973

PRESIDENTIAL DECREE NO. 275

EXTENDING GUARANTEE COVERAGE FOR LOSSES ON PRODUCTION LOANS TO LIVESTOCK, POULTRY, FISHERY, VEGETABLES AND OTHER AGRICULTURAL PROJECTS IN THE PROVINCES OF LANAO DEL NORTE, LANAO DEL SUR, ZAMBOANGA DEL NORTE, ZAMBOANGA DEL SUR, COTABATO, SOUTH COTABATO, SULU AND IN THE CITY OF BASILAN

WHEREAS, it is the policy of the Government to speed up the development of these areas by encouraging their residents to raise their level of production and to attain self-sufficiency immediately;

WHEREAS, self-sufficiency requires the promotion and development of essential agricultural projects such as fishing, poultry, livestock, etc.;

WHEREAS, the guarantee prescribed by the Agricultural Guarantee Fund covers only losses from production loans for rice and corn;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, as Commander-in Chief of the Armed Forces of the Philippines and pursuant to Proclamation No. 1104 dated January 17, 1973, and General Order No. 1 dated September 22, 1972, as amended, do hereby order and decree the inclusion of livestock, poultry, fishing and other agricultural projects under the guarantee coverage of the Agricultural Guarantee Fund in the provinces of Lanao del Norte, Lanao del Sur, Cotabato South, Cotabato, Zamboanga del Norte, Zamboanga del Sur, Sulu and in the City of Basilan. casia

The Agricultural Guarantee Fund Board is hereby directed to implement this Decree.

This Decree shall take effect immediately.

DONE in the City of Manila, this 18th day of August, in the year of Our Lord, Nineteen Hundred and Seventy-Three.