Proclamation No. 653




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ Proclamation No. 653, December 16, 1940 ] DECLARING TUESDAY, DECEMBER 31, 1940, A SPECIAL PUBLIC HOLIDAY A petition has been received from and on behalf of the associated banks in Manila, requesting that the thirty-first day of December, nineteen hundred and forty, be declared a bank holiday so as to enable the banking houses to deal the heavy work incidental to the closing of their books at the end of the year. The banking houses have agreed that negotiable papers which would fall due on the thirty-first day of December, nineteen hundred and forty, if the same were not a holiday, shall not be protested until the sunset of the following Thursday, January second, nineteen hundred and forty-one. The said petitioners have further agreed that they will receive moneys from the business community on the said thirty-first day of December for safekeeping, provided that such moneys shall not be entered on the banks accounts until the second day of January, nineteen hundred and forty-one. It appearing to the Chief Executive that, inasmuch as the thirtieth day of December, nineteen hundred and forty, and the first day of January, nineteen hundred and forty-one, are Public holidays, the said thirty-first day of December, nineteen hundred and forty, can be declared special public holiday to the great advantage of the banking houses and no disadvantage will result to the public in general. NOW, THEREFORE, I, MANUEL L. QUEZON, President of the Philippines, by virtue of the authority in me vested by section thirty of the Revised Administrative Code, and there being in my judgment sufficient reasons therefor, do hereby proclaim Tuesday, December thirty-first, nineteen hundred and forty, as a special public holiday. IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Commonwealth of the Philippines to be affixed.1aшphi1 Done at the City of Manila, this sixteenth day of December, in the year of Our Lord, nineteen hundred and forty, and of the Commonwealth of the Philippines, the sixth. MANUEL L. QUEZON President of the Philippines By the President: JORGE B. VARGAS Secretary to the President The Lawphil Project - Arellano Law Foundation