DESIGNATING THE FIRST SATURDAY OF JULY OF EACH YEAR AS INTERNATIONAL COOPERATIVE DAY IN THE PHILIPPINES.

WHEREAS, it is necessary to direct intelligent
efforts towards stimulating among the people greater interest in cooperative
organizations which have gradually come to play a very important role in the
economic life of many countries; and

WHEREAS, the first Saturday of July of each year
is the day which organized cooperative movement in the world dedicates to the
strengthening of the ties that unite the cooperators in the different countries
as a manifestation of the high degree of organization that characterizes the
cooperative movement.

NOW, THEREFORE, I, Elpidio Quirino, President of
the Philippines, do hereby designate the first Saturday of July of each year as
International Cooperative Day in the Philippines.

The National Cooperatives and Small Business
Corporation is hereby designated to take charge of the observance of the
International Cooperative Day in the Philippines, and all cooperative
associations in this country are urged to join in the nation-wide celebration
of this event.

IN WITNESS WHEREOF, I have hereunto set my hand
and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 29th day of
June, in the year of Our Lord, nineteen hundred and forty-nine, and of the
Independence of the Philippines, the third.

ELPIDIO QUIRINO
President of the Philippines

By the President:

TEODORO EVANGELISTA
Executive Secretary

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