By virtue of the powers vested in me by law, I, FERDINAND E. MARCOS, President of the Philippines, do hereby create a committee composed of the following:

Secretary of Finance ..............................................    Chairman
Director-General, PES ...........................................   Member
Auditor General .....................................................   Member

to undertake the immediate disposal by sale at public bidding of all the tobacco stock of the Philippine Virginia Tobacco Administration. The committee shall render a report on such disposal.

The Officer-in-Charge of the Philippine Virginia Tobacco Administration shall be the Executive Secretary of the Committee.
The Committee shall have the power to organize a staff of personnel to assist it in the discharge of its function.
Done in the City of Manila, this 25th day of February, in the year of Our Lord, nineteen hundred and sixty-seven.


By the President:

(Sgd.) RAFAEL M. SALAS
Executive Secretary