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MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 1868, June 18, 1979 ]

DECLARING THE PERIOD FROM JUNE 25 TO JULY 1, 1979, AND EVERY WEEK ON WHICH JUNE 29 FALLS THEREAFTER AS SAVINGS CONSCIOUSNESS WEEK.

WHEREAS, under Executive Order No. 415 dated June 29, 1973, as amended, a National Commission on Savings was created for the purpose of hastening capital formation through non-inflationary means, particularly through savings with banks and other financial intermediaries, with the objective of accelerating the country’s economic progress and development; and

WHEREAS, the desired objective of the National Commission on Savings can be achieved only if all sectors of society fully realize, and have a continuing awareness of, the vital role of savings in the development process;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby declare the period from June 25 to July 1, 1979, and every week on which June 29 falls thereafter as Savings Consciousness Week and hereby direct the Commission created under Executive Order No. 415 dated June 29, 1973, as amended, to undertake 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 and barangay—to extend their cooperation to this national effort.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 18th day of June, 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

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