FURTHER AMENDING P.D. 1971 EXTENDING THE CORPORATION TERM OF NASUTRA TO JANUARY 31, 1986.

WHEREAS, P.D. 1971 as amended by P.D. 1984 provided
among others for the phasing out of the National Sugar Trading Corporation
(NASUTRA) by December 31, 1985 and the transfer of its sugar trading functions
to a private entity to be called Philippine Sugar Marketing Corporation
(PHILSUMA).

WHEREAS, NASUTRA has pending contractual commitments
particularly export shipments pertaining to the 1984-85 sugar crop which may
take up to January 1986 to ship out.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and decree:

SECTION 1. Section 6 of P.D. 1971 as amended by Sec. of P.D.
1984 is hereby further amended to read as follows:

“SEC. 6. In furtherance of the purposes and objectives of
this Decree, the Commission shall cause the phasing out of the National Sugar
Trading Corporation (NASUTRA) as soon as it completes the export shipments of
1984-85 sugar but not later than January 31, 1986. Further, the Commission shall
cause the organization of a private corporation to be, caused by the Philippine
Sugar Marketing Corporation (PHILSUMA) as soon as possible but not later than
December 31, 1985. Starting with the 1985-86 sugar crop, PHILSUMA will be the
sole marketing agency, for sugar exports and will, in addition, engage in
domestic trading sugar on a non-exclusive basis. PHILSUMA will be offered for
subscription to sugar producers (Planters and Millers) in proportion to their
actual production.”

SEC. 2. This Decree shall take effect immediately.

DONE in the City of Manila, this 3lst day of December, in the year of Our
Lord, nineteen hundred and eighty-five.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JUAN C. TUVERA
		Presidential Executive Assistant