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Declaring Saturday, December 31, 1949, A Special Bank Holiday
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Agency Issuance Number
Published Date
Declaring Saturday, December 31, 1949, A Special Bank Holiday
Proclamation No. 161
December 28, 1949
Case Overview and Summary
Summary of Proclamation No. 161Declaring Saturday, December 31, 1949 as a Special Bank Holiday
- The Bankers Association of the Philippines petitioned to declare December 31, 1949 as a bank holiday to allow banks to complete year-end account closing work without interruption. (Section 30 of the Revised Administrative Code)
- December 30, 1949 and January 1, 1950 were already public holidays.
- Declaring December 31, 1949 as a special bank holiday would benefit banks without disadvantaging the general public.
- President Elpidio Quirino proclaimed Saturday, December 31, 1949 as a special bank holiday in the Philippines.
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Executive Issuances
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bank holiday
Philippines
December 31 1949
year-end account closing
Bankers Association of the Philippines
Elpidio Quirino
Revised Administrative Code
Law
Declaring Saturday, December 31, 1949, A Special Bank Holiday
Proclamation No. 161
•December 28, 1949
MALACAÑANGManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 161
DECLARING SATURDAY, DECEMBER 31, 1949, A SPECIAL BANK HOLIDAY
WHEREAS, a petition has been received from the Bankers Association of the Philippines requesting that the thirty-first day of December nineteen hundred and forty-nine be declared a bank holiday so as to enable the banks to continue without interruption the heavy work incident to the closing of their accounts at the end of the year; and
WHEREAS, the thirtieth day of December, nineteen hundred and forty-nine, and the first day of January, nineteen hundred and fifty, being public holidays, the thirty-first day of December, nineteen hundred and forty-nine, may be declared la special bank holiday to the great advantage of the banks and without any disadvantage to the public in general;
NOW, THEREFORE, I, Elipidio Quirino, President of the Philippines, by virtue of the authority vested in me bisection 30 of the Revised Administrative Code, do hereby proclaim Saturday, December thirty-first, nineteen hundred and forty-nine, as a special bank holiday.
In witness whereof, I have hereunto...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Proclamations
bank holiday
Philippines
December 31 1949
year-end account closing
Bankers Association of the Philippines
Elpidio Quirino
Revised Administrative Code
MALACAÑANGManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 161
DECLARING SATURDAY, DECEMBER 31, 1949, A SPECIAL BANK HOLIDAY
WHEREAS, a petition has been received from the Bankers Association of the Philippines requesting that the thirty-first day of December nineteen hundred and forty-nine be declared a bank holiday so as to enable the banks to continue without interruption the heavy work incident to the closing of their accounts at the end of the year; and
WHEREAS, the thirtieth day of December, nineteen hundred and forty-nine, and the first day of January, nineteen hundred and fifty, being public holidays, the thirty-first day of December, nineteen hundred and forty-nine, may be declared la special bank holiday to the great advantage of the banks and without any disadvantage to the public in general;
NOW, THEREFORE, I, Elipidio Quirino, President of the Philippines, by virtue of the authority vested in me bisection 30 of the Revised Administrative Code, do hereby proclaim Saturday, December thirty-first, nineteen hundred and forty-nine, as a special bank holiday.
In witness whereof, I have hereunto...
Login to see full content
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