October 28, 1972

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1:00 AM Oct 29th

Oct. 28, 1972


Malacañan Palace


Had a fruitful meeting with the Episcopal Commission on Social Action. Imelda helped me. She charmed them.

Mons. Labayen headed them. He started out to explain when I asked that instead of sniping at each other from a distance we now join hands to attain our common objectives and maintain a line of communications.

His explanation was that since before martial law since the purpose was to shock the establishment into action some of the things they did and said had to be extreme. But that since martial law was bringing about their desired ends of reform then it was time for them to change their tactics. And this would require a continuous dialogue.

They asked the opening of more stations (radio) the publication of the magazine Impact the magazine which is the channel for Social Doctrine in Southeast Asia and help on the release of some of their members and workers.

I attach the papers and notes of the conference.


Oct. 28th (Con’t)

Malacañan Palace


While our reforms programs are moving ahead of schedule I am worried about the expected huge deficits.

So we must save at least 10% of the budget. (Gov’t) Income has decreased because of the floods. So we must crack down on the tax evaders and smugglers, improve the tax collection efficiency, increase some taxes and borrow some money from domestic and foreign sources.

I have begun to work on the sequel of Today’s Revolution — Democracy. It will contain a comparative study of martial law in various countries, forms of democracy and their ideologies — as well as our own ideology.

It looks as if there may be a ceasefire in Vietnam before the U.S. elections but the signing or effective date of the peace treaty may be after elections.

Ambassador Byroade came to see me



Oct. 28th (Con’t)

Malacañan Palace


on the instructions of Sec. of State Rogers to arrange the transhipment of 90 F5 jet fighters to Vietnam beginning tonight up to Nov. 15th. I agreed provided that this does not violate the conditions of the Vietnam Treaty of Peace.

Amb. Byroade had anticipated my question on this and wired the State Dept. Rogers answered that the shipment was going to be finished by Nov. 15th before the “effectivity of the Treaty” and would not violate the conditions of the peace treaty. This should mean that the Treaty would not be effective until after the elections in the U.S.

Although I observed there may be a ceasefire before then –indicating that the Americans may be treading on dangerous ground but that we were willing to help. He also said that the shipments may come and go boxed in their flying boxcars.

Amb. Pham Dang Lam, special envoy of Pres. Thieu and Vietnam’s chief negotiator in Paris arrived in Manila this afternoon and will see me tomorrow at 10:00 AM.


October 14, 1972

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11:20 PM

Oct. 14, 1972


Malacañan Palace


I have finally decided that in the Land Reform Program we should keep the government out of the transaction for the transfer of ownership of the land to the tenant. It would be a direct transaction between landowner and tenant choosing one of two schemes:

1. Payment in 14 years of 25% of the decided rent. This would be guaranteed by the cooperative that would have to be organized before ownership can be transferred to the tenant.

2. The organization of a corporation 25% of which shall belong to the landowner.

And there will be 0-retention by the landowner –except where the landowner tills the land himself– so he retains 6 hectares for each member of the family.

I attach the notes on our conference.

The use of bonds I rejected as this involves ₱7.5 billion at ₱5,000 per hectare.

Met Amb. Byroade at 9:45 AM who congratulated me. I asked him to inform his government I am asking for help in Land Reform. He feels that he can obtain such help from the U.S. Congress.


Oct. 14th (Con’t)

Malacañan Palace


But the doctors in Clark Air Force Base have discovered a quarter size whitish spot inside his mouth under his tongue due to his smoking. So he is supposed to stop smoking as the spot is pre-malignant.

Was at Fort Bonifacio 10:30-11:45 PM inspecting the troops beyond the target range in training for attack. NBC took shots of me on the radio and the heliborne troops taking a hill.

Then worked on new schools to be opened, the amendments to the orders on suspension and dismissal of policemen, the take over of IISMI and Elirol, the exclusion of clearance requirements for certain groups of persons.

Tonight I viewed the media presentations of two groups –the APAA and the Tony Cantero groups.

I met Eraño Manalo of the Iglesia ni Cristo. He is worried that he may be picked up. And the BIR just notified him his books of accounts would be examined. Of course I accepted the resignation of Judge Herminio Moreno, married to his sister.


Oct. 14th (Con’t)

Malacañan Palace


And in the early morning of Saturday, Sept. 22nd, shooting erupted in the Central Building of the Iglesia in Quezon City, beside the U.P. resulting in the death of one Iglesia guard and the wounding of three more while on the government side three marines were wounded. And he claims it was due to the fact that the Metrocom team head who was asked what they wanted by an Iglesia man, Ka Esguerra (a Lt. Ilagan who was apparently nervous) did not show his written orders nor did he explain his mission. Only the call of Sec. Ponce Enrile stopped the shooting.

He claims that the NPA would be trying to win their men to their side. But that they could not join a Godless organization.

I believe he is scared of being picked up.


Thursday, October 12, 1972

On the way to the session hall this afternoon, I met Roseller Lim.

Nakuha na si Guingona,” Ller said grimly.

In the session hall, I sat beside Dr. Pinggoy and we talked about George. He said that actually George was taken in Capiz but was released after one week. He confirmed that the military had captured a subversive book from George. It was entitled The Ecumenical Revolution.

I did not attend the Sponsorship Council meeting any more because I know what was going to be taken up, namely, the assignments in the subcouncil groupings. I have already been informed that I am chairman of the first grouping on economic and fiscal policies and that Joe Concepcion and George Viterbo are my vice-chairmen.

It seems that we might yet finish the draft of the new Constitution earlier than we had previously anticipated. There is now a sense of urgency to finish it. Besides, the opposition has now been somewhat decimated in the Convention. It looks like by the end of December or, at the latest, end of January, the new Constitution will be ready for submission to the Filipino people. The question is when the plebiscite will be held.

In the evening, we went to Hotel Intercontinental to visit Ely Chiongbian Johnston. I had previously made an arrangement with Emil Ong that we were going to meet at the lobby of the hotel. Later, Pabling Trillana, Dancing Alfelor and Amado (Ding) Tolentino decided to join us. Still later, (Aying) Yniguez came along. When I arrived at the hotel lobby, they were all there already. They were chatting with Sen. Sonny Osmeña.

Sonny was insisting that he has it from reliable authority that he is not in the list. In any case, he said, he is not in hiding, and so far, he has not been bothered.

I corrected Sonny—almost impulsively, “You are wrong, Sonny. You and I were both in the list; in fact, our names followed each other. Fortunately for us, this is just the second list.”

Sonny Osmeña’s jaw fell.

Just then, the famous Teodoro (Doroy) Valencia—the super-columnist—appeared. Without provocation, he proclaimed in his soprano voice the latest of his achievements. Newsman Amando (Doro) Doronila would be released soon—on Doroy’s guarantee. Apparently, Doro Doronila was picked up at the Intercontinental Hotel on the very day he had arrived from Mongolia.

Doroy also boasted that it was because he has guaranteed Renato (Tato) Constantino that Tato has not been taken into custody. He added that he was turning three former Politburo men to Camp Crame this morning. And he is also responsible (to some extent) for the release of Flora Lansang.

I do not know how much one can believe Doroy. But he does command some influence in the community. Indeed, he is the most influential of our political columnists. I have disagreed with many of his obnoxiously rightist views many times. At the same time, however, I must admit that occasionally, I conciously massage his colossal ego because I cannot help but praise him for doing a great job of taking care of his kingdom—Rizal Park.

Shortly before we entered the elevator, Adrian Cristobal, a special assistant of Marcos, came by. Adrian is a great writer, just like his brilliant buddy, Blas Ople. I consider him a friend. In fact, when he was appointed secretary of labor, shortly after the inauguration of the Con-Con, he had invited me to his oath-taking in Malacañang. Innocently, I did go to the Palace. Upon seeing me there, the “First Lady,” Imelda, pleasantly greeted me with the words: “Aba, nandito pala ang mga radikal.” “Mabuti naman na paminsan-minsan ay na-dadalaw kayo ng mga radikal, I retorted, also pleasantly. It was then I discovered that the conjugal dictatorship had considered me a radical, and by inference, an enemy of the Marcos regime.

I wanted to test my suspicion that Adrian is the ghost writer of the very well-written book Today’s Revolution: Democracy, officially authored by the “First Gentleman.”

I complimented him on the quality of the book he had written. “It’s really good.”

He did not hide his pleasure on hearing this. “Only I can contradict the assumptions in that book,” he beamed.

We proceeded to Ely’s suite.

Aying Yniguez, son of the powerful Congressman Yniguez who is a close friend of Marcos, was the main character in the meeting. He said that he has been with President Marcos quite a number of times, and that at one session, he had told the President:

“Sir, I am a communist but I am a pro-Marcos communist.”

He said that Marcos is a kind man—very human—and that is the reason why Aying does not really mind being derisively called a Marcos “tuta.

Aying feels that Cong. Roquito Ablan, who is in the stockade, is going to be very deeply involved and his prospects are not very bright. In the case of Sen. Ninoy Aquino, he said, he might be able to save himself because of his popularity.

Speculate, speculate, speculate. This is all we can do now.

“The President is leading a leftist revolution, with the rightists being utilized by him to support his leftist revolution. If the President fails, the offshoot would be a military takeover.”

Aying claims that he is a trade unionist (he is supposed to be a labor leader in Leyte), and very anti-military in his orientation.

He feels that the CIA was not initially behind the proclamation of martial law. It was only recently that they supported it. He was actually at Malacanang with his father, Congressman Yniguez, when the top CIA man in Manila went to see the President.

“I know that the CIA is operating in the Philippines, but you did not give me even the courtesy of letting me know about it,” President Marcos was supposed to have ungraciously told the CIA group, as he unceremoniously dismissed them: “Good day, gentlemen.”

Gerry Johnston, the American husband of Delegate Ely Chiongbian, felt differently. He thinks that all the major changes in the political and military sections of the American Embassy tend to show that the Embassy knew all along that this was going to happen. And this Ambassador Byroade, he said, is coincidentally the same man who was involved in some operations in Vietnam.

How strange it was to hear this from Gerry!

My own gut feeling is that a certain amount of American complicity has surely attended the imposition of martial law. Marcos would not have dared take such a drastic move without American approval, express or implied. From President Johnson, who had coaxed Marcos into sending a Filipino engineer batallion to Vietnam, winning for him a state visit to Washington and a glowing endorsement by Johnson as his “right arm in Asia,” to President Nixon, who had openly shown his support for Marcos by sending California Gov. Ronald Reagan to Manila when Marcos ran for reelection three years ago, there have been indications that the U.S. was prepared, from the start, to accept the imposition of martial law because it was upset over the growing demonstrations in Manila and its (wrong) perception was that the Con-Con was taking a strong anti-American stance.

American business in the Philippines was, of course, anything but unsympathetic.

Aying also confided to us that, according to Bebet Duavit, President Marcos supports wholeheartedly the transitory provision of the new Constitution (a rather great understatement!).

Aying then asked my help in getting a unanimous vote.

“But Aying, I might be out of the country when this happens,” I demurred.

Aying was not convinced. “You will still be here because this thing will be taken up next week already. You cannot possibly be out of the country then—even if you wanted to.”

Next week? This is hard to believe. The transitory provision would be taken up next week? Marcos would like a grateful nation to crown him next week? Certainly not! This should be taken up, if at all, next year!

It will be next year, I convinced myself before I went to bed.

September 21, 1972, Thursday



1.45 AM Sept. 22nd

Sept. 21, 1972


Malacañan Palace


Delayed by the hurried visit of Joe Aspiras and Meling Barbero who came from the Northern bloc of congressmen and senators who want to know if there is going to be Martial Law  in 48 hours as predicted by Ninoy Aquino.

Of course Imelda and I denied it.

But Johnny Ponce Enrile, Gen. Paz, Gen Nanadiego, Kits Tatad and I with Piciong Tagmani doing the typing finished all the papers, (the proclamation and the orders) today at 8.00PM.

Amb. Byroade came to see me at 11.15 AM and was apparently interested to know whether there would be Martial Law.  He seemed to favor it when I explained it is intended to primarily reform our society and eliminate the communist threat.  But he suggested a proclamation before the American elections may be used by MacGovern, the Democratic Presidetial candidate as proof of the failure of the foreign policy of the present president.

I told him I did not want it said that he was intervening in internal matters of the Philippine government.  And that no decision has been arrived at but that I was under pressure and there



Sept 21st (Con’t)

Malacañan Palace



seemed to be no other solution.  He agreed that there seemed to be no other solution but he told Gen. Romualdez later this day when Kokoy went to see him that his impression was that Martial Law would be proclaimed after the elections.  How he came to arrive at this conclusion I can only guess.  But this man cannot make logical deductions.  I must be wary.

He wanted Kokoy to go ahead and work in California for Nixon.  There are 200,000 Filipino votes and California is crucial.

This morning I told him I was for:

1.  The government adopting the position on party that the title of Americans over private land was final on private parties but not to the government so that Americans could dispose of their property.

2.  On the Sisteneco (?) case, that Americans holding equity in corporations could become directors, executive managers only if the area of investment is highly technical and no qualified Filipinos are available.

3.  On the retail trade of sales of oil in bulk to industrial consumers, amendatory and clarifactory legislation is necessary.



Sept. 21st (Con’t)

Malacañan Palace


There seems to be a pipeline to Ninoy Aquino as he seems to know that the proclamation will be made this weekend.

We have to check this.  It is dangerous. Even the Concon is agog with the speculation.

September 20, 1972




1040 PM

Sept, 20, 1972

Malacañan Palace


The two Americans paid to assassinate me were supposed to do the job this morning but when they tried out the guns (even the .22 caliber) they were too loud.  This was explained by our penetration man, Talastas.

They have prepared a Comby wagon, put a hole in the back and have tried to park it between the press and the Maharlika or the boathouse and they can swipe at me at the Pangarap boat landing on the golf course.

I declassified two documents which contain reports of Sen. Aquino to Sec. Ponce Enrile and Gen. Ramos July 27th and 29th, this year which show his propensity as a blubber mouth.

I attach copies of the documents in Envelope No. XXXV-A.  The original reports were in my diary.  Then I wrote Sen A. Roxas to inform him that what I wanted to do in the conference was




Sept 20th (Con’t)


Malacañan Palace


not to blame anyone but to break up a “link-up” of the Liberal Party to the Communist Party if any.  I attach this letter in XXXV-A.

I sent a  copy of the letter to all senators because of the expected privelege speech of Aquino copy of which I attach in XXXV-A.

Sen. Perez put my letter on the record.

Sec. Ponce Enrile dared Aquino who had denied his report, to a confrontation which the latter refused.

Sen. Maceda filed a motion to investigate Aquino but he withdrew it when Roxas objected.

I also sent copies of the affidavits of the other witnesses against Aquino to seven senators — Perez, Maceda, Almendras, Pelaez, Tevez, Tolentino, copy in XXXV-A.




Sept. 20th (Con’t)

Malacañan Palace


This afternoon General Staff with the SND and the Chiefs of the major services came to see us to submit the Assessment of Public Order wherein they recommend the use of  “other forms of countering subversion/insurgency should be considered.” This means they recommend the use of Emergency Powers including Martial Law, formally.  Envelope No. XXXV-B.

Then we gave an interview where we kept silent on Emergency Powers but spoke of listing Arrival (?) syndicates in the Order of Battle of the communist armed elements, the Self-Reliant Defense Posture as it relates to internal threats, expenditures, additional armaments and personnel etc.

I was surprised to hear Sec. Melchor say he was now in favor of Martial Law although he was against it a year and a half ago.  And all Sec. Abad Santos said was, Let us not talk about it publicly.

I asked Sec. Melchor to submit a study and recommendation in writing and to prepare to use his American contacts to see the U.S. does not oppose us.




Sept 20th (Con’t)

Malacañan Palace



Johnny and I again reviewed the proclamation which we again amended.  He wrote out the orders on carrying firearms and on control of shipping.

While we were working on the list of target personalities, Amb. Byroade called to see me on the conversation I had with Robert Wales, President of the American community.  I see him at 11.00 AM.

I could not sign the proclamation and orders because they have to be re-typed.

Imelda is at the house of Imelda Cojuangco celebrating the latter’s birthday.

September 14, 1972, Thursday

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11:50 PM

Sept. 14, 1972


Malacañan Palace


After golf, at 9:00 at my room at Pangarap while taking breakfast, I told the SND, C of S, Major Service Commanders (Gen. Ramos, PC, Gen. Zagala, PA, Romando, PAF and Commodore Ruiz, PN) Gen. Ver and Gen. Paranis that I intend to declare martial law to liquidate the communist apparatus, reform our government and society, then have the Concon ratify our acts and the people can confirm it by plebiscite and return to constitutional processes; but that I needed at least one year and two months; that this would be a legitimate exercise of my emergency powers under the constitution as clarified by the Habeas Corpus case by the Supreme Court last January; that we need to cure the ills of our society by radical means (I mentioned corruption, tax evasion, criminality, smuggling, lack of discipline, unequal opportunities) so we must keep our moves clean and submerge self-interest.

I asked for any objection to the plan and there was none except for the observation of Gen. Ramos that the closing of the media should be done by a civilian minister supported by the military, and Gen. Gen. Rancudo who wanted missions definitely assigned to each branch of the service.



Sept. 14th (Con’t)

Malacañan Palace


Amb. Byroade came to see me after the presentation of credentials by the new Malaysian ambassador.

He left me the Memorandum of Conversation of Marshall Green, Asst Sec of State, East Asian and Pacific Affairs and our Amb. Eduardo Romualdez.

I attach copies of the same.

Then he explained that he kept White House informed weekly of developments here — and that the communist threat was increasing.

We talked of the parity decision, the Lustovaco decision as well as the other developments against the Americans. He claimed that the US senators had indicated a desire to dismantle the sugar quota.

I told him he might start something that would have no end; and that anyway the sugar industry was ready to lose the quota for the national welfare and sell our sugar in the world market.

I suggested that while we in the Philippines were talking of survival, the Americans were talking of property and profits. And we were not thinking in the same plane.

He said he had heard from other persons



Sept. 14th (Con’t)

Malacañan Palace


that I had said I could not get through to the State Department and I confirmed this.

So he explained his reports direct to the White House.

Met the Japanese Parliamentary delegation decorated with the Datu of the Order of Kalantiao. The Grand Chancellor of the Sovereign Military Order of Malta, Quintin Jeremy Goyn.

And finalized the agreements with the governor and mayors of Isabela:

1. Unified Command — Gen. Zapala comes back to run the PA.

2. No evacuation of civilians but civic action

3. Mobile check points with policemen included

4. Training and arming of chosen policemen but Armed Forces was to be always with them.

5. Punishment for treachery shall be immediate.

6. Release of Calamity and Public Works Funds.

September 1, 1972, Friday

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7:40 PM

Malacañan Palace


Sept. 1, 1972


Awarded the Order of Sikatuna, Rank of Datu to the Indonesian Minister of State for Defense and Security Vice/Asst. Commander in Chief of the Armed Forces of Indonesia — Gen. Maraden Panggabean. He looks like a capable soldier and helped us well as cooperated with him in various battles specially against the Dutch and the communists.

He says Indonesia is peaceful but for the 1,000 Chinese communist subversives in Sarawak. He laughingly referred to the 10,000 communist prisoners in Pulo Buro (Island of Buro –as in Tagalo Pulo means Island — and itik is also means duck). A critical article was written a few months ago of the treatment of the 10,000 political prisoners that are supposed to include some of Indonesia’s best thinkers, intellectuals, writers and philosophers who must eke out a living by farming the island in what was described as a marginal back breaking type of activity.


Sept 1, 1972 (Cont)

Malacañan Palace


Then conferred with Sen. Daniel Inouye after his field trips inspecting the calamity areas.

He confided to me that he did not merely come to see the damage caused by the calamity but also to see the general situation.

And he will carry the message that the U.S. should pay more attention to the Philippines.

He also remarked that Amb. Byroade has the same thinking as I have on the communist threat; that we should seek the help of friends like Speaker Carl Albert and Mike Mansfield although the latter is against the extension of military aid.

When he asked me what kind of hardware we need for our armed forces, I explained to him that we are actually buying our small arms from the U.S.; that we do not intend to mount a defense against aggression but against subversion and we would give priority to helicopters, mortars and recoil less rifles, and that we are not asking for additional military funds but to participate in the surplus from Vietnam.

He answered that he would do everything



Sept. 1st (Con’t)

Malacañan Palace



to have us classified in the same priority as Thailand.

He asked me what is going to happen. He explained that he has been told there are four options: 1. Extension of my term 2. a parliamentary form of government 3. I run for reelection 4. Martial law.

I immediately countered that I do not need martial law to win an election and that in the present situation anybody I supported would come out; that I would not agree to allowing the First Lady to run since it would be unfair to her. “We are too old in this game to need martial law to get votes,” and he smiled with understanding.

“However,” I explained, “do not misunderstand me. If the communists sow terror in Manila, if they bomb and burn, kill and kidnap, if they use the Vietcong tactics, then I will not hesitate to proclaim martial law.”

“What I would prefer would be an extension. But I would accept it only if the



Sept 1st (Con’t)

Malacañan Palace



political opposition agrees to it. If they do not I will not agree to it.”

“I would then try to be a Prime Minister.

“But I would first wipe out the communists before the next President or Prime Minister [takes] over so he has a chance. I used [  ] to build up my replacement. None of those now are fit to lead the country. Aquino, Diokno are demagogues and are communist. They would immediately set up a communist regime. Roxas is a weakling. He would not risk his life to protect out freedoms. Puyat is an oligarch. He has too many investments to protect.”

“What we need is somebody who is trusted by the Armed Forces, is a liberal thinker, will fight communism and will risk not only his life but everything in this fight.”

“For I cannot believe that Red China can be trusted. She will try to show  now she is house-broken but she will help the revolutionaries and communists in the Asian countries. She is going to try and establish an Asian hegemony or a sphere of influence.”




Sept. 1st (Con’t)

Malacañan Palace



When we talked of what I emphasized was urgently needed –reforms, and explained that I would like to have the private commercial corporations give the fringe benefits doled out by welfare states after taxing the big corporations, he called attention to the fact that Japan does this. The corporation is a big family. All the officers and employees are given the benefits that would go to recipients in a welfare state and when the workers go on strike, they were a red arm band but keep on working so that they do not prejudice themselves.

Sen. Inouye will be a great help to the Philippines.

Imelda is busy decorating the Big Antique.

She tells me, San Juan, without the houses is eerie at night –with the big trees. Something out of Wuthering Heights! She was there last night.

August 4, 1972 Friday

10:10 PM

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August 4, 1972


Malacañan Palace


Started the repair of Manila streets. Inspected Rizal Avenue worked upon by the Armed Forces and the Com. On Highways – at 3:00 PM.

At 4:00 PM, met the representative of the American president on our calamity – Mr. Frickkel and Mr. Maclure with Amb. Byroade and Tom Lubbock.

Then met the private contractors, Com. on Highways, Sec. of Nat. Def., Gen. Santiago of the 51st Eng. Brigade on the large scale effort to repair the roads and to concrete 100 kilometers of Manila streets and 1,000 kilometers of national roads.

Amb. Byroade told me that theor experts are almost sure that the M-14’s that were captured in Diguyo were manufactured in Taiwan. They may have been air dropped in the Chinese mainland for the underground against the Communists, the Communists may have captured them and now deployed them to the Philippine Communists.

Gov. Huang, Deputy Chief of Intelligence of the Nationalist government is here, saw me at 1:00PM. With the information of Amb. Byroade I will see him again tomorrow at 12:00 AM.

PAGE 2242

Aug 4th (Con’t)

Malacañan Palace


I told Bongbong and Irene the situation in which we are – the fact that we are now fighting for survival, that whether I retire or not our family is in danger of liquidation from either the communists or our political enemies, that if I retire I would be forced to fight for our lives because the communists are growing stronger and would be much stronger without me as President; rather than fight and defensive or losing battle later, I would rather fight now by taking over the government by a proclamation of Martial Law; but that such a proclamation would succeed if the people are with us and the people will be with us if the new government is a reform government and we are all exemplars of the new society, so they, the (not readable), must so conduct themselves that they will not antagonize the people.

July 5, 1972 Wednesday

12:15 PM

PAGE 2176

July 5, 1972


Malacañan Palace


7:00 AM – 9:00 AM – Golf and exercise

9:30 – Left for Camp Crame for Metrocom 5th Inagural. Gen. Ordonez has retired, Col. Alfredo Montoya, his Ex. O. has taken over command. I have ordered air-mobile exercises. P1.5 million for new patrol cars and updating of the contingency plans.

11:45 Returned to the palace.

12:10 Met Amb. Henry Byroade who wanted to know if there was a change in foreign policy I countered that the state Dept. seemed to want the Laurel Langley to lapse without any replacement. And that the military assistants pact had to be renegotiated. We agreed we should postpone negotiations until after the U.S. elections in November.

12:40 – Greater Manila Food Terminal Market P50 million more funds for it to be reused by Central Bank & Sec. of Finance. 115M1 – Central Bank Gov. Licaros (not readable) that 115M1 account for P452 million of raw materials plus about P80 million advances of DBP on 115M1 loans to the World Bank.

1:00 PM – 2:20 PM – Congressman