DECLARING WEDNESDAY, DECEMBER 31, 1947, A SPECIAL BANK HOLIDAY

WHEREAS, a petition has been received from the
Manila Clearing House Association requesting that the thirty-first day of
December, nineteen hundred and forty-seven, 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;

WHEREAS, the thirtieth day of December, nineteen
hundred and forty-seven, and the first day of January, nineteen hundred and
forty-eight, being public holidays, the thirty-first day of December, nineteen
hundred and forty-seven, may be declared a special bank holiday to the great
advantage of the banks and no disadvantage will result to the public in general;

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

Done at the City of Manila, this 27^th
day of December, in the year of Our Lord, nineteen hundred and forty-seven, and
of the Independence of the Philippines, the second.

(Sgd.) MANUEL ROXAS
President of the Philippines

By the President:
(Sgd.) N. ROXAS
Acting Chief of the Executive Office

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