QuestionsQuestions (PRESIDENTIAL DECREE NO. 1628)
The text is about Executive Order No. 17 (February 14, 1936), which constitutes and establishes the National Economic Council.
It cites Commonwealth Act No. 2 and the powers conferred by Article VII, Section 11, paragraph (4) of the Constitution.
The Secretary of Finance is designated as Chairman of the Council.
They include: the Secretary of Agriculture and Commerce; Chairman, Board of Directors, Philippine National Bank; President, National Development Co.; President, Manila Railroad Company; and private/invited members: Joaquin M. Elizalde, Ramon J. Fernandez, Wenceslao Trinidad, Vicente Madrigal, Francisco Varona, and Ramon Soriano.
It may obtain any information and expert opinion from all available sources.
It may appoint and constitute committees as necessary and appoint persons it deems specially qualified, considering the nature of the problem.
The Council shall forthwith organize and adopt the necessary rules and regulations for its proper functioning.
Until otherwise provided, members hold office until December 31, 1937.
It directs the Council to organize and adopt the necessary rules and regulations for its proper functioning.
All available sources of information and expert opinion.
No. While several are government or government-linked officials (e.g., Secretary of Finance; PNB; National Development Co.; Manila Railroad Company), it also includes named individuals such as Joaquin M. Elizalde and others, indicating non-official members.
Persons may be appointed to committees if, in the Council’s opinion, they are specially qualified, with due consideration to the nature of the problem.
It was done at the City of Manila on February 14, 1936.
It is signed by Manuel L. Quezon (President of the Philippines) and attested/by the President is Elpidio Quirino (Secretary of the Interior), as shown in the document.