LETTER OF INSTRUCTIONS NO. 199, June 29, 1974

[ LETTER OF INSTRUCTIONS NO. 199, June 29, 1974 ]

TO: Secretary of National Defense General Fabian Ver, NISA

It is directed that you turn over the assets, securities and records of Continental Bank to the Director, Department of Commercial and Saving Banks, Central Bank of the Philippines, as the statutory Receiver of the Continental Bank.

You shall take all steps necessary to safeguard the assets and to examine the books and records of Vicente T. Tan and of the following companies which are affiliated, related, associated, owned and/or controlled by Vicente T. Tan:

Trans-World Investment Corporation Victan & Company First International Investment Company Far East Petroleum Corporation Continental Land & Building Corporation Philcontrust International Corporation Continental Finance Corporation Overseas Insurance Corporation Pentagon Mines, Inc.

Done in the City of Manila, the 29th day of June in the year of our Lord, nineteen hundred and seventy-four.

(Sgd.) FERDINAND E. MARCOS President of the Philippines