Article 1. The Economic Stabilization Board shall, under the jurisdiction of the Prime Minister, be responsible for formulating fundamental policies and plans with reference to urgent measures for economic stabilization to be taken relating to production, distribution and consumption of commodities, and to labor, prices, finance, transportation and other economic matters. The Economic Stabilization Board is further charged with the coordination, adjustment, supervision and promotion of the functions of the various Government Offices concerned. When necessary for the performance of the functions mentioned in the preceding paragraph the Prime Minister may issue the necessary orders to the Ministers concerned.

Article 2. The Economic Stabilization Board may set up such divisions as may be designated by the Prime Minister in order to perform those functions outlined in the first paragraph of the preceding article.

Article 3. The Economic Stabilization Board will have the following officials. President Director-General Board Members Secretaries In addition to the officials mentioned in the preceding paragraph, the Economic Stabilization Board will have Division Directors in case Divisions are set up.

Article 4. The Economic Stabilization Board will have a number of Councillors who will participate in the affairs of the Board. The Councillors shall be appointed from among persons of learning and experience to the Board by the Cabinet upon recommendation of the Prime Minister to the Throne. The Councillors shall maintain strict secrecey concerning information obtained in connection with their duties.

Article 5. The post of President shall be filled by the Prime Minister and he shall be responsible for the action of the Board.

Article 6. The post of the Director-General shall be filled by a person with the rank of Minister of State who shall administer the affairs of the Board.

Article 7. The Division Directors shall be appointed by the Prime Minister from among the officials of second class and above of the Government Offices concerned and persons of knowledge and experience in their respective fields, and shall administer the affairs of their divisions under the direction of the Director-General. The Members of the Economic Stabilization Board shall be appointed by the Prime Minister from among the officials of second class and above of the Government Offices concerned and persons of knowledge and experience in their respective fields and shall manage the affairs of the Board under the direction of their superiors.

Article 8. The Civil Service Ordinance is applicable to the service of those division directors and members of the Economic Stabilization Board who are appointed from among non-officials.

Article 9. The Secretaries of the Economic Stabilization Board shall be appointed by the Prime Minister from armong officials of the Government Offices concerned.

Article 10. The Economic Stabilization Council shall be established in the Economic Stabilization Board to deliberate upon important matters pertaining to urgent measures for economic stabilization. The Prime Minister shall determine the necessary matters regarding the Economic Stabilization Council.

Article 11. The Prime Minister shall determine the necessary matters regarding the Economic Stabilization Board other than those provided in the present Ordinance.