Instruction No. 13

ADMINISTRATION AND REFUND OF ₱5,909,000
LOANED TO THE CENTRAL ADMINISTRATIVE ORGANIZATION

March 30, 1942

The Honorable JORGE B. VARGAS
Chairman of the Executive Commission

SIR:

In compliance with Order No. 10 of the Commander-in-Chief of the Imperial Japanese Forces dated March 30, 1942, the Chairman of the Executive Commission is hereby instructed to take necessary steps with a view to administering the funds subject to the following terms and conditions:

1. That proper and satisfactory guaranty to secure the payment of the amount of ₱5,909,000 be filed with the Philippine National Bank.

2. That a monthly report as to the unexpended balance of the fund as of the end of each month be submitted to the Director General of the Japanese Military Administration without delay.

3. That the refund of the amount to the Philippine National Bank be made as soon as possible and that a plan as to how the refund of the said amount to the Philippine National Bank should be carried out be submitted to the Director General of the Japanese Military Administration.

DIRECTOR-GENERAL OF THE JAPANESE
MILITARY ADMINISTRATION

Source: Office of the Solicitor General Library