AMENDING EXECUTIVE ORDER NUMBERED THREE HUNDRED AND SIXTY, AND EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND THREE, 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 1. Section 1 of Executive Order No. 360, dated November 3, 1950, is hereby amended by increasing and setting up new ceiling prices of -Fishing Twines as follows:
FISHING MATERIALS (IMPORTED) | ||||
Commodity | Unit | Importer’s price | Wholesaler’s price | Retailer’s price |
Fishing Twines: | ||||
Sizes: | ||||
No. 6 | Pound | P3.35 | P3.80 | P4.40 |
No. 9 | Pound | 3.15 | 3.55 | 4.10 |
No. 12 | Pound | 3.10 | 3.50 | 4.00 |
Nos. 15, 18, 21, 24, 27, 30, 34, 36, 42, 48, 54, 60, 96, 108, or 120 | Pound | 3.00 | 3.40 | 3.90 |
Section 2. Sections 1 and 2 of Executive Order No. 403, dated January 18, 1951, are hereby amended by increasing and setting up new ceiling prices of Roasted Ground Coffee, locally prepared with Imported Coffee Beans as follows:
FOODSTUFF (LOCAL) | ||||
Commodity | Unit | Importer’s price | Wholesaler’s price | Retailer’s price |
Beverage: | ||||
Roasted Ground Coffee, locally prepared (with imported coffee beans) packed in paper bags | 1-lb. | P2.20 | P2.35 | 2.65 |
Roasted Ground Coffee, locally prepared (with imported coffee beans) packed in tins | 1-lb. | 2.80 | 3.05 | 3.40 |
Section 3. The ceiling prices fixed in this Order include the 17 per cent special excise tax on Foreign Exchange on the basic material for locally prepared coffee and on fishing twines, 7 per cent sales tax and 1 per cent municipal tax.
Section 4. This Order shall take effect immediately.
Done in the City of Manila, this 9th day of June, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the fifth.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Assistant Executive Secretary
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