EXECUTIVE ORDER NO. 516, July 01, 1952

FIXING THE CEILING PRICES OF COMMODITIES

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. The following essential commodities shall not be sold at more than the maximum selling prices for wholesalers and retailers set opposite each:

PNEUMATIC TIRES

Commodity	Unit	Wholesaler’s Price	Retailer’s Price
WITH 17% SPECIAL EXCISE TAX ON FOREIGN EXCHANGE
CANADIAN TIRES
Conventional Passenger Car Tires Sizes:
White Sidewall - 4 Ply
6.00 – 16	each	₱57.90	₱67.71
Extra Low Pressure Tires
White Sidewall - 4 Ply
6.70 – 15	each	63.47	74.23
7.10 – 15	each	70.48	82.43
7.60 – 15	each	77.07	90.13
Commodity	Unit	Wholesaler’s Price	Retailer’s Price
White Sidewall - 6 Ply
6.00 – 16	each	₱73.78	₱86.28
6.70 – 15	each	82.49	96.47
7.10 – 15	each	91.53	107.04
7.60 – 15	each	100.23	117.21
8.20 – 15	each	115.06	134.56
Premium Grade Tires Sizes:
White Sidewall - 6 Ply
6.70 – 15	each	90.15	108.18
7.10 – 15	each	107.25.	128.79
7.60 – 15	each	117.47	140.96
8.20 – 15	each	134.60	161.52
8.20 – 16	each	115.00	138.00

Section 2. The ceiling prices fixed in this Order include the 17% Special Excise Tax on Foreign Exchange, 7% Sales Tax and 1% Municipal Tax.

Section 3. This Order shall take effect immediately.

Done in the City of Manila, this 1st day of July, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.

(SGD.) ELPIDIO QUIRINO

President of the Philippines

By the President:

(SGD.) MARCIANO ROQUE

Acting Executive Secretary