Law Summary
Composition and Authority of the Committee
- Chairman: Representative of the Auditor General.
- Members: A post-office inspector designated by the Director of Posts and the Assistant Superintendent of the Postal Savings Bank.
- The Committee operates permanently under the authority of the President of the Philippines.
Procedures and Operation
- The Committee meets quarterly at the call of the Chairman.
- Meetings are held in the Bureau of Posts.
- Tasks during meetings include:
- Examining and counting all Postal Savings Bank stamp cards received as deposits.
- Making an inventory of these stamp cards.
- Investigating the condition of unserviceable and damaged postage stamps, stamped envelopes, and postal cards presented for disposition.
- Fixing responsibility for the condition of such items.
Destruction of Postal Items
- Stamp cards and other unfit items are destroyed by burning.
- The place of destruction is designated by the Auditor General.
- Destruction is conducted in the presence of the Committee members to ensure accountability.
Reporting Requirements
- The Committee must report its quarterly transactions without unnecessary delay.
- Reports are submitted in writing to the Auditor General and the Director of Posts.
- Each report must be sworn to by each member of the Committee, affirming the accuracy of the information.
Supersession of Previous Orders
- This Executive Order supersedes all previous orders on the same subject, consolidating the procedure and authority under one permanent Committee.
Legal Effectiveness
- The Order is effective immediately as of October 18, 1949.
- Issued under the authority of President Elpidio Quirino and transmitted by the Executive Secretary.