SECTION 1.       Section 3 (b) of Circular Letter No. 23, Series 1986-1987, dated February 5, 1987, is hereby amended to read as follows:

b.       Quedan-permits therefor, duly stamped SURCHARGED FOR WITHDRAWAL AS "A" EXPORT, "B" DOMESTIC, "D" WORLD MARKET and "C" RESERVE SUGAR, as the case may be, shall be signed by either of the following: Department Manager III, Production Control & Regulation Office; Department Manager I, Sugar Transactions Department; Chief, Export Sugar Division, or by the Chief Domestic Sugar Division.

SECTION 2.       Any provision of Circular Letters, rules and regulations inconsistent with or contrary to this Circular Letter are hereby modified or revoked accordingly.

Adopted: 27 April 1990

(SGD.) ARSENIO B. YULO, JR.
Chairman/Administrator