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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 319, October 2, 1964 ]

DECLARING SATURDAY, OCTOBER 17, 1964, AS CREDIT UNION DAY

WHEREAS, the Credit Union Movement is now in its second century of service;

WHEREAS, credit unions provide an invaluable means whereby people may pool their savings and assist themselves to fill their needs for credit at a low cost;

WHEREAS, credit unions have proved an effective and versatile tool for combating usury and unfair credit practices and in encouraging thrift and savings; and

WHEREAS, these credit unions not only promote the economic security of their members, but also strengthen democracy, encourage individual responsibilty, and the practice of true brotherhood and thus benefit our country;

NOW, THEREFORE, I, DIOSDADO MACAPAGAL, President of the Philippines, by virtue of the powers vested in me by law, do hereby declare Saturday, October 17, 1964, as Credit Union Day to be observed all over the Philippines. I urge our people to give fitting recognition to the many benefits brought to them through credit unions.1aшphi1

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 2nd day of October, in the year of Our Lord, nineteen hundred and sixty-four.

DIOSDADO MACAPAGAL
President of the Philippines

By the President:

JUAN S. CANCIO
Acting Assistant Executive Secretary

The Lawphil Project - Arellano Law Foundation

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