Letter of Instructions No. 1394

 

 

TO

:

The Minister of Energy

 

 

The Minister of Budget

 

 

The Chairman, Board of Energy

 

WHEREAS, on June 21, 1983, through LOI No. 1335, the Consumer Price Equalization mechanism was dismantled;

 

WHEREAS, the Consumer Price Equalization Fund, after settling all accounts, has a fund balance of P 44.6 million and receivables due from the oil companies amounting to P 131.7 million as of January 31, 1984;

 

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order and instruct that all balances presently existing in, as well as all amounts that may in the future be paid to, the Consumer Price Equalization Fund be transferred to, and made a part of the General Fund.

 

Done in the City of Manila, this 29th day of March 1984.

 

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