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November 25, 1972 Friday*

*This should be Saturday

(Office of the President of the Philippines)

10:00 PM

Nov. 25, 1972

The British ambassador presented his credentials at 10:00 AM.

Met Andy Soriano on the Herald. He is ready to stop publishing the Herald provided Channel 13 and their radio stations operate. He is ready to have the ownership become public.

Asked him to get PICOP to use native raw materials like pine trees. And directed Sec. Bing Tanco to bring the suppliers of these raw materials and the pulp and paper companies together.

Then at 11:00 AM spoke to the businessmen of the three chambers (Industries, Agriculture and Commerce).

I attach copies of the speech and notes.

During the speech I signed as decrees the new Internal Revenue Code, the amnesty for all undeclared wealth and income up to Mar. 31, 1973 and the condonation of all accounts ₱100 and less on a compromise, the last two also decrees.

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