Preamble
WHEREAS, the continued development of the Surigao Mineral Reservation has become more important to the national economy; WHEREAS, the tax exemption granted to the operator under paragraph (1) of Section 6 of Republic Act No. 1828 as amended, has expired on December 31, 1979; and WHEREAS, in view of increased costs of operation, particularly of fuel, the development of the Surigao Mineral Reservation cannot be pursued unless the tax exemptions originally granted to the operator are extended. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines by virtue of the powers vested in me by the Constitution, do hereby decree and order the amendment of Paragraph (1) of Section 6 of Republic Act No. 1828 as amended, as follows: