Memorandum Order No. 310-A (1972)

MALACAÑAN PALACE

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Memorandum Order No. 310-a, November 14, 1972 ]

AMENDING THE COMPOSITION AND TERMS OF REFERENCE OF THE TASK FORCE TO LIQUIDATE THE PHILIPPINE NATIONAL COOPERATIVE BANK

Memorandum Order No. 310, dated 6 November 1972 creating a Task Force to liquidate the operations of the Philippine National Cooperative Bank and to effect the smooth transfer of the net assets of the PNCB to the PNB is hereby amended to include the following:

Mrs. Carlota Valenzuela, Superintendent of Banks t Central Bank | – | Chairman Mr. Danilo Ursua, Assistant to the Chairman, Philippine Deposit Insurance Corporation | – | Vice-Chairman Mr. Victor Macalingcag – Department of Finance | – | Member Mrs. Josefina V. Segui – Presidential Economic Staff | – | Member Mr. Fernando Baluyot, Presidential Economic Staff | – | Member Atty. Alexander Brillantes – Philippine Cooperatives Credit Union League | – | Member

The terms of reference for the Task Force is likewise amended based on the initial report of the original group. Liquidation of the Bank shall now be prosecuted under Sec. 29 of R.A. 265.

You are hereby directed to submit your report two weeks from the date hereof.

By Authority of the President:

(Sgd.) ALEJANDRO MELCHOR

Executive Secretary

Manila, November 14, 1972