REVOKING EXECUTIVE ORDER NO. 202, CURRENT SERIES, ENTITLED “REQUIRING THAT SAVINGS OF 5 PER CENT BE SET UP FROM THE RELEASES MADE IN EXECUTIVE ORDERS NOS. 190 AND 198, CURRENT SERIES, FOR THE FIRST SIX MONTHS OF 1939, FROM THE GENERAL APPROPRIATIONS AUTHORIZED IN COMMONWEALTH ACT NO. 300”
WHEREAS the revenue collections for the months of May and June, nineteen hundred and thirty-nine, have considerably improved and from present indications the total ordinary income of the National Government for the period from January first to June thirtieth, nineteen hundred and thirty-nine, will be sufficient to cover the entire amount of the authorized ordinary expenditures for the same period;
WHEREAS the necessity for requiring the 5 per cent savings from the amounts of authorized expenditures, provided in Executive Order Numbered Two hundred two, current series, no longer exists;
NOW, THEREFORE, I, MANUEL L. QUEZON, President of the Philippines, by virtue of the powers vested in me by the Constitution and existing laws, do hereby revoke Executive Order Numbered Two hundred two, current series.
Done at the City of Manila, this twenty-third day of June, in the year of Our Lord, nineteen hundred and thirty-nine, and of the Commonwealth of the Philippines, the fourth.
MANUEL L. QUEZON
President of the Philippines
By the President:
JORGE B. VARGAS
Secretary to the President
Comments