Republic Act
Approved July 26, 1948

Republic Act No. 345

An act to provide for the lifting of the debt moratorium as regards prewar obligations subject to certain conditions and for other purposes

An Act to Provide for the Lifting of the Debt Moratorium as Regards Prewar Obligations Subject to Certain Conditions and for Other Purposes

In plain language

This act lifts the debt moratorium on prewar obligations subject to specified conditions, while continuing the moratorium for war sufferers, thereby facilitating the rehabilitation of the national economy.

  • Lifting of debt moratorium on prewar obligations
  • 8‑year deferral period for prewar debts
  • Continued moratorium for war sufferers
  • Effective upon approval
Debt Moratorium
Prewar Obligations
Rehabilitation
War Sufferers
Executive Order
Republic Act

Nineteenth Congress First Regular Session

Begun and held in Metro Manila, on Monday, the twenty-fifth day of July, two thousand twenty two.

[ REPUBLIC ACT NO. 345, March 14, 1949 ]

AN ACT AUTHORIZING THE DIRECTOR OF PUBLIC LIBRARIES TO COMPILE AND PUBLISH IN BOOK FORM THE SPEECHES, MESSAGES, AND OTHER WRITINGS OF THE LATE PRESIDENT MANUEL A. ROXAS, WHICH SHALL BE DISTRIBUTED WITHOUT CHARGE TO ALL PUBLIC LIBRARIES SCHOOLS AND COLLEGES, AND SOLD TO THE PUBLIC AT COST.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

The Director of Public Libraries is hereby authorized to compile and publish in book form the speeches, messages, and other writings of the late President Manuel A. Roxas, and to distribute the same without charge to all public libraries, schools and colleges, and to sell copies thereof to the public at cost.

Section 2

The sum of one hundred thousand pesos is hereby appropriated out of any funds in the National Treasury not otherwise appropriated to carry out the purpose of this Act.

Section 3

This Act shall take effect upon its approval.

Approved, March 14, 1949.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.