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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 461, September 4, 1968 ]

DECLARING OCTOBER 17, 1968, AS CREDIT UNION DAY.

WHEREAS, credit unions provide a means whereby people may pool their savings and mutually assist each other in filling their need for useful credit at a low cost;

WHEREAS, credit unions combat usury and encourage thrift and regular savings; and

WHEREAS, credit unions not only promote the economic security of their members but also strengthen democracy and encourage individual responsibility;

NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby proclaim October 17, 1968, as Credit Union Day to the end that our people may appreciate the benefits derived from credit unions.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippine to be affixed.1aшphi1

Done in the City of Manila, this 4th day of September, in the year of Our Lord, nineteen hundred and sixty-eight.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

By the President:

(Sgd.) RAFAEL M. SALAS
Executive Secretary

The Lawphil Project - Arellano Law Foundation

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