WAIVING THE ADDITIONAL PROGRESSIVE TAXES TO BE COLLECTED FROM, AND PAID BY, PROPRIETORS AND OPERATORS OF CERTAIN SUGAR MILLS FOR THE 1950-1951 CROP
WHEREAS, most of the sugar centrals in the Philippines, including the buildings and dwelling houses of their laborers, were damaged or destroyed during the last war;
WHEREAS, these sugar centrals have been incurring heavy expenditures for their rehabilitation;
WHEREAS, some of these centrals have been operating at a loss, and others at profits which are inconsiderable; and
WHEREAS, the imposition of the additional progressive taxes on these centrals would be unduly oppressive and, in a few instances, even confiscatory in effect;
NOW, THEREFORE, I, ELPIDIO QUIRINO, President of the Philippines, do hereby waive the additional progressive taxes to be paid by proprietors and operators of the following sugar mills for the 1950-1951 crop under section 2 of Commonwealth Act No. 567:
1. Asturias Sugar Central, Inc.
2. Bogo-Medellin Milling Co., Inc.
3. Central Azucarera del Norte
4. Central Azucarera de Tarlac
5. Central Azucarera Don Pedro
6. Central Santos Lopez Co., Inc.
7. Hind Sugar Company
8. Luzon Sugar Company
9. Ormoc Sugar Company, Inc.
10. Pampanga Sugar Development Co., Inc.
11. Pampanga Sugar Mills
Done in the City of Manila, this 5th day of December, in the year of Our Lord, nineteen hundred and fifty-three, and of the Independence of the Philippines, the eighth.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary
Comments