Preamble
WHEREAS, it is recognized that the attainment of development goals for industry and agriculture depends, to a large extent, on the capability of banks to sustain the investment and credit requirements of industrial and agricultural projects; WHEREAS, to insure that funds are available for investment and credit requirements, there is a need to increase the resources of banks; and WHEREAS, to create the ideal climate conducive to the increased capitalization of banks, certain changes in the fiscal regime appeal warranted; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree: