EXECUTIVE ORDER NO. 45, August 19, 1963

AMENDING EXECUTIVE NO. 36, SERIES OF 1963, CREATING THE LOANS AND INVESTMENT COUNCIL

By virtue of the powers vested in me by law, I, DIOSDADO MACAPAGAL, President of the Philippines, do hereby amend Executive Order No. 36, Series of 1963, creating the Loans and Investment Council as follows:

1. Paragraph 1 is hereby amended to read as follows:

"1. The Council shall have the following composition:

Secretary of Finance	.......... Chairman
Secretary of Commerce & Industry	.......... Member
Chairman, National Economic Council	.......... Member
Director-General, Program Implementation Agency	.......... Member
Governor of the Central Bank	.......... Member
Chairman of the Development Bank of the Philippines	.......... Member
President of the Philippine National Bank	.......... Member
General Manager of the Government Service Insurance System	.......... Member
Administrator of the Social Security System	.......... Member
Chairman of the Reparations Commission	.......... Member

Done in the City of Manila, this 19th day of August, in the year of Our Lord, nineteen hundred and sixty-three

(Sgd.) DIOSDADO MACAPAGAL

President of the Philippines

By the President:

(Sgd.) RUFINO G. HECHANOVA

Executive Secretary