MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 560, January 23, 1953 ]
AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FIFTY, 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 1 of Executive Order No. 450, dated June 9, 1951, is hereby amended by reducing and setting up new ceiling prices of Fishing Twines as follows:
FISHING TWINES (IMPORTED)
| Commodity |
|
Unit |
Importer’s pries |
“Wholesaler’s price |
Retailer’s price |
| Fishing Twines — |
| Sizes: |
| No. 6 |
................. |
Pound |
₱3.22 |
₱3.48 |
₱4.02 |
| No. 9 |
................. |
Pound |
2.99 |
3.24 |
3.74 |
| No. 12 |
................. |
Pound |
2.90 |
3.15 |
3.65 |
| Nos. 15, 18, 19, 21, 24, 27, 30, 34, 36, 42, 48, 54, 60, 96, 108 or 120 |
................. |
Pound |
2.72 |
2.95 |
3.41 |
Section 2. The ceiling prices fixed in this Order include the 7 per cent sales tax and 1 per cent municipal tax.
Section 3. This Order shall take effect immediately.1a⍵⍴h!1
Done in the City of Manila, this 23rd 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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