Preamble
WHEREAS, the Philippine Cotton Corporation in its first two years of operation has shown clearly that commercial-scale cotton cultivation can successfully be undertaken in the Philippines; WHEREAS, the attainment of self-sufficiency in essential agricultural commodities, one of which is cotton, has been defined as a priority area of concern of the Government; WHEREAS, there is need to strengthen the Philippine Cotton Corporation and to expand its resources to enable it to effectively implement a cotton development program aimed at making the country self-sufficient in cotton within the shortest time possible; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution of the Philippines, do hereby order and decree the following;