Memorandum Order No. 545 (1975)
Creating a government panel to negotiate for the agricultural research loan from the U.S.A.I.D.
MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ MEMORANDUM ORDER NO. 545, November 6, 1975 ]
CREATING A GOVERNMENT PANEL TO NEGOTIATE FOR THE AGRICULTURAL RESEARCH LOAN FROM THE U.S.A.I.D.
WHEREAS, it is the present program of the Philippine Government to bring about social equity through proper utilization of scarce resources;
WHEREAS, it is considered that social equity could be best achieved through increasing farm productivity and income;
WHEREAS, it is accepted that productivity may be increases through the improvement of the country’s agricultural research capabilities;
WHEREAS, the U.S. Agency for International Development has indicated its willingness to extend a loan to the Philippine Government to improve agricultural research centers in the country;
NOW, THEREFORE, in view of the above considerations there is hereby constituted a government panel to negotiate with the U. S. Agency for International Development on an Agricultural Research Loan in the amount no exceeding $5.0 M. The membership of the Panel shall be as follows:
Atty. Roque Sorioso National Economic and Development Authority | Chairman Director Joseph Madamba Philippine Council for Agricultural Research | Vice-Chairman Director Ely-Batangatang National Economic and Development Authority – Agriculture Staff | Member Mr. Francisco Coruña Department of Finance | Member Mr. Guillermo Trinidad Executive Office | Member
The Panel is hereby tasked with the responsibility of determining in behalf of the Philippine Government the terms and conditions of the loan and arriving at an early agreement with the U.S. Agency for International Development on the extension of his loan.
Done in the City of Manila, this 6th day of November in the year of Our Lord, nineteen hundred and seventy-five.
By authority of the President:
(SGD.) ALEJANDRO MELCHOR
Executive Secretary