WHEREAS, "highgrading" or the theft of gold has become
rampant in the mining areas where gold is produced because of the high
price that this precious metal now commands in the free market;
WHEREAS, gold mining is one of the industries that the
Government encourages because of the role that gold plays in our economy
not only as an important part of our international reserves, but also
as one of our principal sources of foreign exchange;
WHEREAS, the existing laws have proved inadequate in curbing
highgrading because of the difficulty in apprehending highgraders and
also because of the light penalties usually imposed on the accused due
to the relatively low value which the Courts give to stolen gold-bearing
ores or rocks;
WHEREAS, "highgrading" causes damage not only to the
operator of the mining claims, but also to the Government which loses
the foreign exchange and the taxes the stolen gold could have generated
and, worse, it promotes black-marketing and smuggling abroad of this
precious metal; and
WHEREAS, one of the principal aims of our New Society is to
stamp out all forms of lawlessness to promote the social and economic
well-being of our people;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by Constitution, do
hereby order and decree that: