WAIVING THE ADDITIONAL PROGRESSIVE TAXES TO BE COLLECTED FROM, AND PAID BY, PROPRIETORS AND OPERATORS OF CERTAIN SUGAR MILLS FOR THE 1949-1950 CROP
WHEREAS, most of the sugar centrals in the Philippines, including the buildings and dwelling houses of their laborers, were damaged or destroyed during the last war;
WHEREAS, these sugar centrals have been incurring heavy expenditures in the rehabilitation thereof;
WHEREAS, some of these centrals have been operating at a loss, and others at profits which are inconsiderable; and
WHEREAS, the imposition of the additional progressive taxes on these centrals would be unduly oppressive and, in a few instances, even confiscatory in effect;
NOW, THEREFORE, I, ELPIDIO QUIRINO, President of the Philippines, do hereby waive the additional progressive taxes to be paid by proprietors and operators of the following sugar mills for the 1949-1950 crop under Section 2 of Commonwealth Act No. 567:
1. Pampanga Sugar Development Co., Inc.
2. Centra Azucarera de Don Pedro
3. Luzon Sugar Company
4. Hind Sugar Company
5. Central Azucarera de Tarlac
6. Ormoc Sugar Company
7. Pampanga Sugar Mills
8. Bogo-Nedellin
9. Asturias Sugar Central
10. Paniqui Sugar Mills
11. Central Azucarera del Norte
Done in the City of Manila, this 31st day of July in the year of Our Lord, nineteen hundred and fifty, and of the Independence of the Philippines, the fifth.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) TEODORO EVANGELISTA
Executive Secretary
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