Purpose and Justification for the Amendment
- The amendment aims to further encourage the development of guano resources.
- This development is intended to alleviate fertilizer shortages and boost agricultural productivity.
- Recommendations for the amendment came from the Director of Mines and the Executive Director of the Fertilizer Industry Authority.
Repeal and Modification of Conflicting Laws
- All laws, decrees, orders, rules, and regulations or parts thereof inconsistent with this amendment are repealed or modified accordingly.
Effectivity Clause
- This Decree takes effect immediately upon its promulgation.
Authority and Formalities
- The Decree was issued by the President of the Philippines under constitutional powers.
- It was signed in Manila on May 14, 1974.
- The Executive Secretary also countersigned the Decree.