[ EXECUTIVE ORDER NO. 499, April 24, 1952 ]

CREATING A COMMITTEE TO MAKE A FINAL STUDY AND ADVISE THE PRESIDENT ON THE PROPOSED REVISION OF THE TRADE AGREEMENT BETWEEN THE PHILIPPINES AND THE UNITED STATES.



WHEREAS, the conditions prevailing when the Trade Agreement between the Philippines and the United States was entered into on July 4, 1946, have greatly changed, requiring proper adjustment of the trade relations between the two countries;

WHEREAS, on October 9, 1950, the Economic Survey Mission to the Philippines, otherwise known as the Bell Mission, submitted a report on the economic and financial problems of the Philippines and, among other things, recommended examination of the present Trade Agreement, the Republic of the Philippines and United States of America in the light of the new conditions;

WHEREAS, a number of committees were previously informally created to undertake preliminary studies of the various aspects of the two agreements and the problems involved therein;

NOW, THEREFORE, I, Elpidio Quirino, President of the Philippines, by virtue of the powers vested in me by law, do hereby create a Committee to

(a) evaluate, study and coordinate the reports submitted by the committees and groups heretofore created, and pursue such further study as may be deemed necessary; and

(b) consider the advisability of, and make a recommendation on, the revision of the Trade Agreement between the Philippines and the United States.

The Committee shall be composed of:

1.

The Honorable Aurelio Montinola

Chairman

2.

The Honorable Joaquin M. Elizalde

Member

3.

The Honorable Lorenzo Sumulong

Member

4.

The Honorable Vicente Madrigal

Member

5.

The Honorable Francisco Delgado

Member

6.

The Honorable Diosdado Macapagal

Member

7.

The Honorable Daniel Romualdez

Member

8.

The Honorable Estanislao Fernandez

Member

9.

The Honorable Cornelio Balmaceda

Member

10.

The Honorable Miguel Cuaderno

Member

11.

The Honorable Salvador Araneta

Member

12.

The Honorable Conrado Benitez

Member

13.

Prof. Vicente G. Sinco

Member

14.

The Honorable Antonio de las Alas

Member

15.

Mr. Jose P. Marcelo

Member

The Committee may call upon any department, bureau, office, or any agency or instrumentality of the Philippine Government for such assistance as it may need in the performance of its functions. It shall submit its report to the President as early as possible.

All orders, circulars or instructions inconsistent herewith are hereby repealed.

Done in the City of Manila, this 24th day of April, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.

(SGD.) ELPIDIO QUIRINO
President of the Philippines

By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary