WAIVING THE ADDITIONAL PROGRESSIVE TAXES TO BE COLLECTED FROM, AND PAID BY, THE PROPRIETORS AND OPERATORS OF THE PAMPANGA SUGAR MILLS FOR THE 1948-1949 CROP.
WHEREAS, the Pampanga Sugar Mills operated at a loss during the last three crop years; and
WHEREAS, the imposition of the additional progressive taxes on these mills would be unduly oppressive and even confiscatory in effect;
NOW, THEREFORE, I, ELPIDIO QUIRINO, President of the Philippines, upon the recommendation of the Sugar Rehabilitation and Readjustment Commission, do hereby waive the additional progressive taxes to be paid by the proprietors and operators of the Pampanga Sugar Mills for the 1948-1949 crop under section 2 of Commonwtalth Act No. 567.
Done in the City of Manila, this 29th day of September, in the year of Our Lord, nineteen hundred and forty-nine, and of the Independence of the Philippines, the fourth.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) TEODORO EVANGELISTA
Executive Secretary
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