DECLARING FRIDAY, DECEMBER 31, 1948, A SPECIAL BANK HOLIDAY

WHEREAS, a petition has been received from the
Manila Clearing House Association requesting that the thirty-first clay of
December, nineteen hundred and forty-eight, be declared a bank holiday so as to
enable the banks to continue without interruption the heavy work incident to
the closing of their accounts at the end of the year; and

WHEREAS, the thirtieth day of December, nineteen
hundred and forty-eight, and the first day of January, nineteen hundred and
forty-nine, being public holidays, the thirty-first day of December, nineteen
hundred and forty-eight, may be declared a special bank holiday to the great
advantage of the banks and without any disadvantage to the public in general;

NOW, THEREFORE, I, Elpidio Quirino, President of
the Philippines, by virtue of the authority vested in me by section 30 of the
Revised Administrative Code, do hereby proclaim Friday, December thirty-first,
nineteen hundred and forty-eight, as a special bank holiday.

Done at the City of Manila, this 21st day of
December, in the year of Our Lord, nineteen hundred and forty-eight, and of the
Independence of the Philippines, the third.

ELPIDIO QURINO
President of the Philippines

By the President:
TEDORO EVANGELISTA
Executive Secretary

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