WHEREAS, the period fixed under PD No. 1271 within which manifestations of intention to validate titles to lands within the Baguio Townsite Reservation shall be filed shall expire on March 22, 1978;

WHEREAS, most landowners affected are still unaware of the provisions of said Decree for reasons not attributable to them;

WHEREAS, prospective applicants find it difficult to comply with the requirements imposed by the Decree for validation of titles thereunder.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in by the constitution, do hereby order and decree the following:

SECTION 1. Section 1, paragraph b, of Presidential Decree No. 1271 is hereby amended to read as follows:

"b. Payment by the present title-holder to the Republic of the Philippines of an amount equivalent to fifteen per centum (15%) of the assessed value of the land whose title is voided as of revision period 1973 (P.D. 76), the amount payable as follows: within one (1) year from the effectivity of this Decree, the holders of the titles affected shall manifest their desire to avail of the benefits of this provision and shall pay ten per centum (10%) of the above amount and the balance in two equal installments, the first installment to be paid within the second year of the effectivity of this Decree and the second installment within a year thereafter."

SECTION 2. A new paragraph is hereby added to section 1 which shall be denominated paragraph c :

"c. Submission by the applicant, together with his application, of the following documents:

1. The owner's copy of the title or documents of transfer of ownership, or certified xerox copy thereof;
2. Certified xerox copy of 1973 Tax Declaration; and
3. Certified xerox copy of the official receipt showing payment of 10% of 15% of the assessed value of the land."

SECTION 3. Section 3 is also hereby amended by changing the phrase "within ninety (90) days from the effectivity of this Decree" to "within one (1) year from the effectivity of this Decree.

SECTION 4. Section 4 is likewise hereby amended by changing the phrase "Ninety (90) days after the effectivity of this Decree" to the phrase "One year after the effectivity of this Decree."

SECTION 5. All laws, decrees, orders, letters of instructions, rules and regulations, or parts thereof, contrary to or inconsistent with the provisions of this Decree are hereby repealed or modified accordingly.

SECTION 6. This Decree shall take effect immediately.

DONE in the City of Manila, this 10th day of March, in the year of Our Lord, nineteen hundred and seventy-eight.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JACOBO C. CLAVE
		Presidential Executive Assistant