June 22, 1962
REVENUE MEMORANDUM CIRCULAR NO. 21-62
TO : All Internal Revenue Officers and Employees and Others Concerned
For the information and guidance of all officers and employees of this Bureau, there is quoted hereunder Memorandum Order No. 11-62 of the Honorable, the Acting Secretary of Finance dated May 31, 1962 to the Project Director, Back Pay Office, thru the Treasurer of the Philippines, to wit:
"SUBJECT: Order of Priorities in Redemption of Back Pay Claims.
"Effective June 1, 1962, the redemption of back pay claims and certificates of indebtedness should be made in the following order of priorities:
"1. Civilian claims — full payment of the balance still due.
"2. Certificates of indebtedness held by government hospitals — full payment of balance still due.
"3. Army claims corresponding to the 40% of outstanding balance previously authorized but remaining unpaid to date.
"4. Certificate of indebtedness held by local governments —
"(a) Provinces, cities, and municipalities which have suffered recent calamities;
"(b) Provinces, cities, and municipalities which incurred heavy overdrafts; and
"(c) Other local governments not covered by (a) and (b), 30% of their outstanding total...
