WHEREAS, it
is the primary concern of the Government to promote and stimulate
increased agricultural production in order to attain food
self-sufficiency;chanroblesvirtualawlibrary
WHEREAS, in pursuance of this objective, the Government
undertakes special supervised credit programs designed to improve the
productive capacity of farmers by providing them the necessary
financial and technical assistance without the need for real-estate
collateral;chanroblesvirtualawlibrary
WHEREAS, banks and financial institutions play a vital role in the
implementation of the special financing program of the Government
for agricultural production with the technical assistance and support
of the various government agencies and
instrumentalities; chanroblesvirtualawlibrary
WHEREAS, in order to maximize the participation of government
technicians in the effective and efficient implementation of the
supervised credit programs of the government, it is necessary
that they be provided with enough motivation and encouragement in the
form of incentive bonuses, allowances and other appropriate forms
of remunerations;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of the Armed Forces of the Philippines, and pursuant
to Proclamation No. 1081 dated September 21, 1972 and General Order No.
1 dated September 22, 1972, as amended, do hereby decree and
order that, the provisions of any law, decree, rule, regulation
or order to the contrary notwithstanding, government technicians
assigned to banks and financial institutions for the purpose of
providing technical assistance and support in carrying out the
supervised credit programs of the Government for agricultural
production are hereby authorized to receive incentive allowances,
bonuses and other appropriate forms of remuneration from said banks and
financial institutions and/or from the Government, subject to the rules
and regulations to be issued jointly by the Department of
Agriculture and Natural Resources and the Central Bank of the
Philippines. chanroblesvirtualawlibrary
This Decree shall take effect immediately and shall have retroactive
effect to cover payments of incentive allowances and bonuses due the
government technicians who participated in the Masagana 99 Rice Program
and all other special financing programs of the Government.
Done in the City of Manila,
this 11th day of March, in the year of Our Lord, nineteen hundred and
seventy-four.
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