AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FORTY-TWO, 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 4 of Executive Order No. 442, dated May 26, 1951, is hereby amended by reducing and setting up new ceiling prices of some drugs listed below as follows:
DRUGS, MEDICINES AND HOUSEHOLD REMEDIES (IMPORTED)
Group II—Without 17 per cent Special Excise Tax on Foreign Exchange
Commodity | Unit | Importer’s price | Wholesaler’s price | Retailer’s price | |
Anreomycin 250 Mg. Caps | ....................... | 16’s | ₱13.31 | ₱15.97 | ₱19.96 |
Chloromycetin 250 Mg. Caps | ....................... | 12’s | 8.77 | 10.52 | 13.15 |
Dihydro-Streptomycin 1 gm | ....................... | Vial | 1.18 | 1.42 | 1.78 |
Procaine Penicillin Aqueous 400,000 Units | ....................... | 1 CC. | 0.78 | 0.94 | 1.18 |
Procaine Penicillin in Oil 3,000,000 Units | ....................... | 10 cc. | 3.53 | 4.24 | 5.30 |
Terramycin 250 Mg. Caps | ....................... | 16’s | 12.58 | 15.10 | 18.88 |
Section 2. The ceiling prices fixed in this order include the 7 percent sales’ tax and 1 percent municipal tax.
Section 3. This Order shall take effect immediately.
Done in the City of Manila, this 16th day of January, in the year of Our Lord, nineteen hundred and fifty-three, and of the Independence of the Philippines, the seventh.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary
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