WHEREAS, the close support and cooperation of the Central Bank, the Philippine National Bank and the banking circle in general are indispensable to the implementation of the government ™s foreign trade program;

WHEREAS, the heads of the Central Bank and the Philippine National Bank were not included in the original membership of the Foreign Trade Council created by Executive Order No. 205, series of 1970;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby expand the membership of the Foreign Trade Council to include the following:

The Governor of the Central Bank of the Philippines

Member

The President of the Philippine National Bank

Member

Done in the City of Manila, this 25th day of August, in the year of our Lord, Nineteen Hundred and Seventy.


By the President:

(SGD.) ALEJANDRO MELCHOR
Executive Secretary