WHEREAS, there are determined and serious offers from reliable parties to acquire Philippine Government properties located in Tokyo and Kobe, Japan;

WHEREAS, the government is seriously considering the disposition of one or more of these properties so it can generate much needed foreign exchange to support its economic recovery program.

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

SECTION I. There is hereby created a Committee which shall have the following functions:

a)

Determine which of the Philippine Government properties are to be retained for Embassy/ Consulate purposes and which will be disposed of;

 

b)

Undertake preliminary studies on whatever requirements are needed in the disposition, including the conduct of preliminary surveys and the engagement of necessary technical and legal services;

 

c)

Prepare the appropriate form for invitations to bid, stipulate the terms and conditions of such bids, accept bids that are submitted, collate and evaluate such bids; and

 

d)

Submit periodic reports of its findings and recommendations and the progress of its work.

SECTION II. The Committee shall be composed of the following:

1. Executive Secretary or his designate - Chairman       2. Ministry of Foreign Affairs-to be represented by the Ambassador to Japan. - Member       3. Chairman, Commission on Audit or his designate - Member

SECTION III. The Committee is hereby authorized such expenses as may be necessary for the accomplish ment of its tasks chargeable against the Special Activities Funds.

SECTION IV. This Administrative Order shall take effect immediately.

DONE in the City of Manila, this 11th day of August, in the year of Our Lord, Nineteen Hundred and Eighty-Six.


By the President:
(Sgd.) FULGENCIO S. FACTORAN, JR.
Deputy Executive Secretary