Upon the recommendation of the General Auditing Office and the Department of Finance and pursuant to the provisions of Republic Act Numbered One hundred and thirty, the province of Catanduanes is hereby reclassified as second class to take effect as of July 1, 1955, in accordance with section one of Act Numbered Three thousand seven hundred and ninety-eight, as amended by Act Numbered Four thousand two hundred and sixteen, on the basis of its average annual revenue of P292,251.39 or P92,251.39 more than the minimum requirement of P200,000 for a second class province, during the five consecutive fiscal years ended June 30, 1955.

Done in the City of Manila, this 8th day of May, in the year of Our Lord, nineteen hundred and fifty-six, and of the Independence of the Philippines, the tenth.

(Sgd.) RAMON MAGSAYSAY
President of the Philippines

By the President:
(Sgd.) FORTUNATO DE LEON
Acting Executive Secretary