Declaration of Policy.
Section 1
SECTION 1. Declaration of Policy.—Because of the emergency resulting from the last war, Title III, Debt Moratorium, Executive Order No. 25 dated November 18, 1944, as amended by Executive Order No. 32 dated March 10, 1945, was promulgated and is now in full force and effect. Since liberation conditions have gradually returned to normal, but not so with regard to those who have suffered the ravages of war and who have not received any relief for the loss and destruction resulting therefrom. Rehabilitation of these elements of our national economy constitutes a prime concern of government, and while in one sense it is now deemed expedient to lift the effects of the debt moratorium on prewar debts, this cannot be extended to war sufferers who should be afforded an opportunity to rehabilitate themselves by giving them a reasonable time within which to pay their pre-war debts so as to prevent their being victimized by their creditors. The emergency created by the last war as regards these war sufferers being still existent, it is the declared policy of the State that as to them the debt moratorium should be continued in force in a modified form as provided herein.