WHEREAS, the present condition of the finances of the Government require that a more effective control of releases of appropriated funds be exercised;

NOW, THEREFORE, I, Elpidio Quirino, President of the Philippines, by virtue of the provisions of Section 8 of Republic Act No. 563, do hereby create a committee consisting of the Secretary of Finance, as Chairman, and the Auditor General and the Commissioner of the Budget, as Members, to act upon all requests for releases of funds chargeable against the various appropriation acts, including the appropriations for special purposes in the General Appropriation Act for the current fiscal year. Republic Act No. 563, and to recommend to the President appropriate action thereon.

Cash advances and releases of cash chargeable against the appropriations for salaries and wages and sundry expenses appropriated under Republic Act No. 563 may be made without any need of action by the Committee herein constituted.

Done in the City of Manila, this 8th day of August, in the year of Our Lord, nineteen hundred and fifty, and of the Independence of the Philippines, the fifth.


By the President:

(Sgd.) TEODORO EVANGELISTA
Executive Secretary