Letter of His Excellency, Jose P. Laurel, President of the Republic of the Philippines, to the Highest Commander of the Imperial Japanese Army in the Philippines, acknowledging the cancellation by the latter of the obligations of the Republic to the Imperial Japanese Army secured by the former Philippine Executive Commission in a number of loans. Manila, March 11, 1944:

This is in grateful acknowledgment of your letter of February 26, 1944, graciously and generously cancelling the obligations of the Republic to the Imperial Japanese Army in the amount of ₱23,979.000 secured by the former Philippine Executive Commission in a number of loans.

I wish to assure Your Excellency that this kind gesture on the part of the Imperial Japanese Army is most deeply appreciated by the Republic. To the Filipino people at large this is an additional proof of the earnestness and benevolence of the Empire of Japan in promoting the happiness and security of the Philippines in particular, and all of East Asia in general.

Source: Office of the Solicitor General Library