Importation of Tires by Tire Manufacturers
Letter of Instructions No. 111, issued on August 6, 1973, mandates the importation of 10,000 tires to address a critical shortage affecting grain flow and government projects in the Philippines. The Central Bank Governor is tasked with approving the importation, which should be completed by December 31, 1973, on behalf of relevant government agencies. The Budget Commissioner is responsible for allocating funds for associated taxes and duties. All concerned entities, both public and private, are required to support this initiative, with compliance being emphasized as immediate and strict.
August 6, 1973
LETTER OF INSTRUCTIONS NO. 111
| TO | : | The Secretary of Finance |
| Manila | ||
| The Governor | ||
| Central Bank of the Philippines | ||
| Manila | ||
| The Commissioner Budget | ||
| Commission | ||
| Manila | ||
| All Other Entities Concerned |
In order to alleviate the critical shortage in tire supply which is presently restricting the accelerated flow of grains and holding back vital Government projects, you are hereby instructed to undertake the following:
1. The Governor of the Central Bank is directed to approve the importation of 10,000 tires by the tire manufacturers, to arrive before December 31, 1973. Such importation may be made in behalf of the National Grains Authority, the Bureau of Public Highways, or the Department of National Defense, whichever is most appropriate. acd
2. The Commissioner of the Budget Commission is instructed to provide the necessary amount (corresponding to taxes and duties) to the government agency on whose behalf the importations are made.
3. All other entities, both Government and Private, are hereby directed to give all the support for the proper attainment of the goals set forth by this Letter of Instruction. cdt
Immediate and strict compliance with this Letter of Instruction is desired.
DONE in the City of Manila, this 6th day of August, in the year of Our Lord, Nineteen Hundred and Seventy-Three.