By virtue of the powers vested in me by law, I, Diosdado Macapagal, President of the Philippines, do hereby further amend Paragraph 1 of Executive Order No. 36, dated March 19, 1963, as amended by Executive Order No. 45, dated August 19, 1963, creating the Loans and Investment Council to read as follows:

œ1. The Council shall have the following composition:

Secretary of Finance	Chairman
Secretary of Commerce and Industry	Member
Chairman, National Economic Council	Member
Director-General, Program Implementation Agency	Member
Governor of the Central Bank	Member
Chairman of the Development Bank of the Philippines	Member
President of the Philippine National Bank	Member
General Manager of the Government Service Insurance System	Member
Administrator of the Social Security System	Member
Chairman of the Reparations Commission	Member
General Manager of the National Investment and Development Corporation	Member

Done in the City of Manila, this 24th day of December, in the year of Our Lord, nineteen hundred and sixty-four.

(Sgd.) DIOSDADO MACAPAGAL
President of the Philippines

By the President:
(Sgd.) SALVADOR L. MARI O
Secretary of Justice
concurrently
Acting Executive Secretary