The fifth paragraph of Executive Order No. 237 dated June 16, 1970, is hereby amended to read as follows:

œNOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby create a National Council for Small and Medium Industries which shall be composed of the following:

Chairman of the National Economic Council

Chairman

Director, U.P. Institute for Small Scale and Medium Industries

Action Officer

Secretary of Commerce and Industry

Member

Chairman, Board of Governors, Development Bank of the Philippines

Member

President, Philippine National Bank

Member

General Manager, Government Service Insurance System

Member

Administrator, Social Security System

Member

Representative, Filipino Chamber of Small Business and Industries

Member

Representative, Philippine Chamber of Industries

Member

Representative, Philippine Chamber of Commerce

Member 

Done in the City of Manila, this 18th day of September, in the year of Our Lord, nineteen hundred and seventy.


By the President:

(SGD.) ALEJANDRO MELCHOR
Executive Secretary