DESIGNATING THE AGRICULTURAL CREDIT AND COOPERATIVE FINANCING ADMINISTRATION (ACCFA) AS THE GOVERNMENT AGENCY TO HANDLE THE PURCHASE AND EXPORTATION OF RAMIE FIBER AND THE IMPORTATION OF RAMIE GOODS PROCESSED FROM 100 PER CENT PHILIPPINE RAMIE FIBER
Pursuant to the provisions of Republic Act No. 1392, I, RAMON MAGSAYSAY, President of the Philippines, do hereby designate the Agricultural Credit and Cooperative Financing Administration (ACCFA) as the government agency to take charge of the purchase and exportation of ramie fiber and the importation of ramie goods processed abroad from 100 percent ramie fiber grown in the Philippines.
Done in the City of Manila, this 23rd day of September, in the year of Our Lord, nineteen hundred and fifty-five, and of the Independence of the Philippines, the tenth.
(Sgd.) RAMON MAGSAYSAY
President of the Philippines
By the President:
(Sgd.) FRED RUIZ CASTRO
Executive Secretary
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