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EXECUTIVE ORDER NO. 374, November 27, 1950

FIXING THE CEILING PRICES OF PNEUMATIC TIRES AND TUBES AND FOR OTHER PURPOSES


By virtue of the powers vested in me by section 3 of Republic Act No. 509, entitled “An Act declaring national policy, authorizing the President of the Philippines for a limited period to fix ceiling prices of commodities and to promulgate rules and regulations regarding prices of commodities to effectuate such policy, and authorizing the appropriation of a certain sum for the purpose,” and upon the recommendation of the Price Administration Board, I, ELPIDIO QUIRINO, President of the Philippines do hereby order:


Section 2. The ceiling prices fixed in this Order include the 7 per cent sales tax and are applicable throughout the Philippines.


Section 3. This Order shall take effect five days after its promulgation.


Done in the City of Manila, this 27th day of November, 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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