AMENDING EXECUTIVE ORDER NUMBERED 449 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 ceilings 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. 449, dated June 9, 1951, is hereby amended by decreasing and setting up new ceiling prices of locally manufactured grade pads, intermediate pads and composition notebooks as follows:
SCHOOL SUPPLIES (LOCAL)
Commodity | Unit | producer’s price | Wholesaler’s price | Retailer’s price |
Grade pads — | ||||
Grade I (100 leaves) | 100 pads | ₱16.00 | ₱17.60 | ₱0.20/ea. |
Grade II (100 leaves) | 100 pads | 19.00 | 21.00 | 0.25/ea. |
Grade III (100 leaves) | 100 pads | 17.60 | 19.30 | 0.23/ea. |
Grade IV (100 leaves) | 100 pads | 19.00 | 21.00 | 0.25/ea. |
Intermediate pads — | ||||
Intermediate pad (72 leaves) | 100 pads | 38.00 | 41.00 | 0.45/ea. |
Composition notebooks— | ||||
Notebook (24 leaves) | Gross | ₱17.50 | ₱19.00 | ₱0.15/ea. |
Notebook (48 leaves) | Gross | 29.60 | 33.00 | 0.25/ea. |
Notebook (96 leaves) | Gross | 53.50 | 58.00 | 0.45/ea. |
Section 2. The ceiling prices fixed in this Order include the 7 per cent sales tax.
Section 3. This Order shall take effect immediately.
Done in the City of Manila, this 4th day of April, 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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