Preamble
WHEREAS, there is an imperative need for immediate implementation of agrarian reform provided in Presidential Decree No. 27,dated October 21, 1972; WHEREAS, such implementation calls for timely and adequate financial support in all phases involved in the execution of desired agrarian reforms; WHEREAS, there is need to mobilize and harness properly available resources to provide necessary funds for the realization of government agrarian reform; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, as Commander-in-Chief of the Armed Forces of the Philippines and pursuant to Proclamation No. 1081, dated September 21, 1972 and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree: