Activities of the Administration.
Section 9
SEC. 9. Activities of the Administration.—The activities of the Administration shall be carried out under the supervision of the Administrator through the following administrative officials who will be responsible directly to him: An Assistant Administrator to assist the Administrator when the volume of activities is sufficient to justify the creation of this position. A General Counsel to advise the Administrator on legal matters and procedures. Regional supervisors as determined necessary but not to exceed seven in number. Such division chiefs as are considered necessary for the efficient conduct of the Administration's activities, except that a cooperative division shall be established to promote cooperatives and administer cooperative loaning activities. Provincial directors who will be responsible for administering the Administration's activities in rural communities. Supervisory jurisdiction over provincial directors may be delegated by the Administrator to the regional supervisors to the extent which he deems necessary for the efficient accomplishment of the Administration's activities. The office of a provincial director shall be established in the capital of the province to which such official is assigned. Contact with loan applicants and borrowers will be maintained through loan supervisors and assistant loan supervisors as authorized by the Administration. The Secretary of Justice shall be the ex officio legal adviser of the Administration. He shall appoint a representative who shall be the General Counsel of the Administration. Any assistant legal counsel and other personnel shall be appointed by the Board. All salary and operating expenses of the General Counsel will be fixed and paid by the Administration. The Auditor General shall be the ex officio Auditor in charge of the auditing office of the Administration. The Auditor General shall, upon the recommendation of the Auditor of the Administration, appoint or remove personnel of the auditing office. The operating expense of the auditing office and the salaries and traveling expenses of, the officials and employees of such office shall be fixed by the Board and paid by the Administration. The representative of the Auditor shall render a quarterly report on the financial condition of the Administration to the President of the Philippines, the Secretary of Finance, the Auditor General and the Board of Governors. The report shall contain a statement of the resources and liabilities including earnings and expenses, the amount of paid-up capital stock, surplus, reserve and profits, as well as losses, bad debts and such other facts which the Auditor considers necessary to accurately describe the financial condition of the Administration.