Preamble
WHEREAS, the Save the Children Federation, Inc. (Federation) is a non-stock, non-profit, international social welfare organization, no part of the net income of which interest to the benefit of any of its members; WHEREAS, in the pursuit of its goals, the Federation needs funds and resources to support its operations and activities; Whereas, at present the funds and resources of the Federation are being subjected to tax and customs duties; WHEREAS, considering the social welfare nature of the. Federation's activities and undertakings for child care and youth development, which makes it a partner of the government in this regard, it is but fitting and proper that its funds and resources be exempt from the payment of taxes, customs duties and other fees. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: