Amendment of Section four.
Section 1
SECTION 1. Amendment of Section four.—The first paragraph of Section four is hereby amended to read as follows: "SEC. 4. Governing board.—The Council shall be governed by a Board of Directors, herein also referred to as Board, consisting of fifteen members: the Secretary of Trade, Chairman; the Maritime Administrator; the Presidents of the Confederation of Philippine Exporters, Inc., the Chamber of Cottage Industries of the Philippines, Inc., the Chamber of Commerce of the Philippines, the Philippine Chamber of Industries and the Chamber of Agriculture and Natural Resources, and eight other members. Six of these members shall be appointed by the President of the Philippines from nominees of major export commodity groups and the other members to represent shippers of non-traditional exports or general cargoes, for a term of three years each. The present members of the Board, however, shall continue in office until their terms expire or their successors have been appointed and qualified; and the ex-officio members shall assume office in the order above-listed."