By virtue of the powers vested in me by law, I, Ramon Magsaysay, President of the Philippines, do hereby exempt the City of Manila from the provisions of Executive Order No. 500 dated May 2, 1952, as amended by Executive Order No. 37 dated May 22, 1954, which directs that all unserviceable property from which scrap metal can be derived and no longer needed by the Government, its branches, agencies, and instrumentalities, be transferred, without cost, to the National Shipyards and Steel Corporation.

Done in the City of Manila, this 24th day of June, 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
Executive Secretary