AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED SEVENTY-FIVE AND FOR OTHER PURPOSES.
By virtue of the powers vested in me by Section 4 of Republic Act No. 1168, entitled “AN ACT TO PROVIDE FOR THE FIXING, UNDER CERTAIN CONDITIONS, OF THE MAXIMUM SELLING PRICES OF COMMODITIES IN SHORT SUPPLY, CREATING THE PRICE CONTROL OFFICE, AND FOR OTHER PURPOSES”, and upon the recommendation of the General Manager and the Board of Directors of the PRISCO, I, RAMON MAGSAYSAY, President of the Philippines, do hereby order:
Section 1. Section 1 of Executive Order No. 475, dated October 5, 1951, is hereby amended by reducing and setting up new ceiling prices of the following:
FOODSTUFF
Commodity | Unit | Wholesaler’s Price | Retailer’s Price |
RICE: | |||
Imported (Macan equivalent – NARIC old stock, remilled) | Ganta | ₱0.70 | ₱0.75 |
Native, Macan 2nd Class | " | .80 | .85 |
Section 2. This Order shall take effect immediately after its publication in a newspaper of general circulation.
Done in the City of Manila, this 10th day of August, in the year of Our Lord, nineteen hundred and fifty-four, and of the Independence of the Philippines, the ninth.
(Sgd.) RAMON MAGSAYSAY
President of the Philippines
By the President:
(Sgd.) FRED RUIZ CASTRO
Executive Secretary
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