Declaring Saturday, December 31, 1938, A Special Public Holiday
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Declaring Saturday, December 31, 1938, A Special Public Holiday
Proclamation No. 359
December 20, 1938
Case Overview and Summary
Summary of Proclamation No. 359Declaration of Special Public Holiday
- Saturday, December 31, 1938 is declared a special public holiday. (Section 30 of the Revised Administrative Code)
- This is in response to a petition from associated banks in Manila to deal with year-end book closing work.
Banking Operations on December 31, 1938
- Negotiable papers due on December 31, 1938 will not be protested until the sunset of January 3, 1939. (As agreed by the banks)
- Banks will receive money from the business community on December 31, 1938 for safekeeping, but will not enter it into accounts until January 3, 1939. (As agreed by the banks)
Rationale
- December 30, 1938 and January 2, 1939 are public holidays.
- Declaring December 31, 1938 a special public holiday will greatly advantage the banking houses with no disadvantage to the public in general.
Amends
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Amended by
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Tags
Executive Issuances
Proclamations
special public holiday
December 31, 1938
associated banks in Manila
year-end book closing
negotiable papers
protest
sunset of January 3, 1939
receive money
safekeeping
bank accounts
January 3, 1939
public holidays
December 30, 1938
January 2, 1939
advantage banking houses
no disadvantage to public
Law
Declaring Saturday, December 31, 1938, A Special Public Holiday
Proclamation No. 359
•December 20, 1938
MALACAÑANG PALACEManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 359
DECLARING SATURDAY, DECEMBER 31, 1938, A SPECIAL PUBLIC HOLIDAY
A petition has been received from, and on behalf of the associated banks in Manila, requesting that the thirty-first day of December, nineteen hundred and thirty-eight, be declared a bank holiday so as to enable the banking houses to deal with the heavy work incidental to the cloisng of their books at the end of the year. The banking, houses have agreed that negotiable papers which .would fall due on the thirty-first day of December, nineteen hundred and thirty-eight, if the same were not a holiday, shall not be protested until the sunset of the following Tuesday, January third, nineteen hundred and thirty-nine. The said petitioners have further agreed that they will receive moneys from the business community on the said thirty-first day of December for safe-keeping, provided that such moneys shall not be entered on the banks accounts until the third day of January, nineteen hundred and thirty-nine.
It appearig to the Chief Executive...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Proclamations
special public holiday
December 31, 1938
associated banks in Manila
year-end book closing
negotiable papers
protest
sunset of January 3, 1939
receive money
safekeeping
bank accounts
January 3, 1939
public holidays
December 30, 1938
January 2, 1939
advantage banking houses
no disadvantage to public
MALACAÑANG PALACEManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 359
DECLARING SATURDAY, DECEMBER 31, 1938, A SPECIAL PUBLIC HOLIDAY
A petition has been received from, and on behalf of the associated banks in Manila, requesting that the thirty-first day of December, nineteen hundred and thirty-eight, be declared a bank holiday so as to enable the banking houses to deal with the heavy work incidental to the cloisng of their books at the end of the year. The banking, houses have agreed that negotiable papers which .would fall due on the thirty-first day of December, nineteen hundred and thirty-eight, if the same were not a holiday, shall not be protested until the sunset of the following Tuesday, January third, nineteen hundred and thirty-nine. The said petitioners have further agreed that they will receive moneys from the business community on the said thirty-first day of December for safe-keeping, provided that such moneys shall not be entered on the banks accounts until the third day of January, nineteen hundred and thirty-nine.
It appearig to the Chief Executive...
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