EXECUTIVE ORDER NO. 166

: Every holder of Bank of the Philippine Islands circulating notes must present them for registration and deposit within six months from the date of the Order (August 20, 1948).
: They must present such circulating notes to the Treasurer of the Philippines or to any provincial, city, or municipal treasurer.
: Treasurers must accept all BPI circulating notes, register them, keep them safely, issue receipts showing the name and address of the registrant, the serial numbers, denominations, and total amount of the notes.
: They must forward all registered and deposited BPI circulating notes along with a list showing serial numbers, denominations, and total amounts to the Treasurer of the Philippines periodically.
: Within 15 days after the registration period ends, provincial, city, and municipal treasurers must prepare and send a list of all BPI notes in their possession as of the last registration day, under sealed cover to the Treasurer of the Philippines.
: The Treasurer of the Philippines must submit a report to the Secretary of Finance on the total amount of BPI circulating notes registered and deposited, and then the Secretary of Finance must submit a similar report to the President.
: No, BPI circulating notes not registered and deposited within the six-month period shall not be accepted thereafter.