Pedrito's thoughts as expressed in Post #110 were confirmed recently when historical "Cabinet papers" were released. (The Cabinet is the inner sanctum of senior members of the governing political party.)
The papers were from the era when the poltical party that had formerly tried to stay in power illegally, was in power. That Party had been pushing for a republic, ever since its illegal attempt was thwarted by the skill of the then Governor General, using his limited powers intelligently for the good of the people.
The released papers revealed that that Party was highly concerned at the possibility of the proposed President being elected by the people (popular vote), as opposed to by the parliament (which they would have control of sooner or later, and had control of at that time).
Based on historical context, people can feel free to draw their own conclusions regarding what that might mean.