WHEREAS, it is the primary concern of the Government to
promote and stimulate increased agricultural production in order to
attain fond self-sufficiency;
WHEREAS, in pursuance of this objective, the Government
undertake 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;
WHEREAS, bunks arid 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; and
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
remuneration;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all 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.
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.
(Sgd.) FERDINAND E.
MARCOS
President
Republic of the Philippines
By the President:
(Sgd.) ALEJANDRO
MELCHOR
Executive Secretary