1:00 AM Aug. 6th
On Saturday afternoon, Com. [Leonardo] Perez and [Flores] Bayot presented the results of the referendum at 3:00 PM and I appeared on TV and radio with a speech and later held a press conference—starting at 4:00 PM lasting up to about 6:00 PM.
On Sunday we had the PIFO (the Phil. Industrial Friendship Organization) for tea at 3:00 PM.
I attach my speech.
Also studied the Brazil and Israel development programs.
Small and medium scale industries studies.
No Official Gazette entry for this day.
Official Gazette for August 5, 1973: THE NATIONAL government has made available P15 million to the Agricultural Credit Administration (ACA) to beef up the agency’s credit-financing program for agrarian reform farmers. A balance of P25 million, it was gathered, is scheduled for release to the ACA by the national treasury some time next month. The timely release of fund to the ACA was ordered by the President upon the urgent request of Secretary Conrado F. Estrella of the Department of Agrarian Reform (DAR) to which the ACA is attached as its credit arm.
CENTRAL BANK relaxed further the rules on the remittance of foreign investments by allowing the repatriation of foreign investments made in any domestic commercial banks, including the profits and dividends earned. The CB move is calculated to encourage the inflow of foreign equity to the commercial banking system in line with the CB objective of increasing the aggregate paid-in capital of the domestic banking system to P3 billion in a period of five years.
COCONUT water, taken from unhusked nine-month-old nuts, has been found to be a good substitute for dextrose during emergencies. The National Institute of Science and Technology, an agency of the National Science Development Board, said that coconut water could be administered to persons stricken with diarrhea or cholera. A report by the medical research center said intravenous injection of coconut water did not produce fever, nor break red blood cells. Coconut water is said to be sterile and free from bacteria and fungi, if it is removed from the nut with care.