Whereas Clauses. WHEREAS, the Philippine Government has acquired four lots in Japan through the Reparations Agreement, such lots more specifically identified as:

1. Roppongi property, Tokyo

   306, Roppongi 5-chome

   Minato-lu, Tokyo

2. Nampeidai property, Tokyo

   11-24 Nampeidai-machi

   Shibuya-ku, Tokyo

3. Naniwa-cho property, Kobe

   63 Naniwa-cho

   Chuo-ku, Kobe City

4. Obanoyama-cho property, Kobe

   1-980-2 Obanoyama-cho

   Shinohara, Nada-ku, Kobe

WHEREAS, Section 2 and Section 12 of Republic Act No. 1789, as amended, require that capital goods and services received by the Philippines under the Reparations Agreement with the Japanese Government shall be made available only to Filipino citizens and entities wholly owned by Filipino citizens;

WHEREAS, the abovementioned properties are located in Japan and it is necessary that their maximum value be realized whether by sale, lease, or any other manner of disposition.

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order: