Amending Presidential Decree No. 1276, Entitled "Authorizing The Central Bank Of The Philippines To Continue The Implementation Of Its Reward System For Information Leading To The Confiscat

MALACAÑANGM a n i l a PRESIDENTIAL DECREE No. 1608 AMENDING PRESIDENTIAL DECREE NO. 1276, ENTITLED "AUTHORIZING THE CENTRAL BANK OF THE PHILIPPINES TO CONTINUE THE IMPLEMENTATION OF ITS REWARD SYSTEM FOR INFORMATION LEADING TO THE CONFISCATION OF GOLD AND FOREIGN EXCHANGE" WHEREAS, the government has launched an intensified campaign against lawless elements of society including those who are involved in the smuggling of gold, foreign exchange and Philippine Currency in violation of existing laws and regulations; and WHEREAS, in pursuance of said campaign, there is a necessity to increase the reward payable to persons who supply information regarding these illegal activities; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: Section 1. Section 1 of Presidential Decree No. 1276 is hereby amended to read as follows: "Sec. 1. The provisions of any existing law to the contrary notwithstanding, Central Bank of the Philippines is hereby authorized to continue implementing its reward system for information leading to the...