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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 1837, March 30, 1979 ]

DECLARING APRIL 24 TO 30, 1979 AND EVERY YEAR THEREAFTER AS CREDIT CONSCIOUSNESS WEEK

WHEREAS, in order to accelerate rural development and growth, and to generate credit resources through effective financial intermediation and sound lending operations, a National Commission on Countryside Credit and Collection was constituted to take charge of strengthening and rationalizing the country’s rural credit system;

WHEREAS, in the pursuit of the objectives for which the National Commission on Countryside Credit and Collection was constituted, it is necessary to inculcate in the minds of the citizenry the importance of credit insofar as it relates to the country’s economic development;

WHEREAS, the inculcation in the minds of the citizenry of the importance of credit can only be effected through a continuing campaign that will involve all sectors of society as well as all levels of the Government-national, provincial, city, municipality and barangay;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, do hereby declare the period from April 24 to 30, 1979 and every year thereafter, as “Credit Consciousness Week” and hereby direct the National Commission on Countryside Credit and Collection constituted under Executive Order No. 465, dated April 28, 1976, to undertake all such measures as may be necessary to ensure the successful observance thereof and I enjoin all sectors of our society and all levels of the Government-national, provincial, city, municipality, and barangay to extend their full cooperation thereto.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 30th day of March, in the year of Our Lord, nineteen hundred and seventy-nine.

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

By the President:

(Sgd.) JUAN C. TUVERA
Presidential Assistant

The Lawphil Project - Arellano Law Foundation

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