MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 562, February 03, 1953 ]
FIXING THE CEILING PRICE OF COMMODITY, AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FORTY, 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. The following essential commodity shall not be sold at more than the maximum selling prices for importers, wholesalers and retailers set opposite each:
FOODSTUFF (IMPORTED)
Without 17 Per cent Special Excise Tax on Foreign Exchange
| Commodity |
|
Unit |
Importer’s Price |
Wholesaler’s Price |
Retailer’s Price |
| Canned fish: |
| Sardines in tomato sauce, oval, ( Holland |
.................................. |
48/14-oz. |
₱20.76/cs. |
₱22.65/cs. |
₱0.53/tin |
Section 2. Section 4 of Executive Order No. 440, dated May 8, 1951, is hereby repealed by setting up new reduced ceiling prices for locally manufactured nails as follows:
CONSTRUCTION MATERIALS (LOCAL)
| Commodity |
|
Unit |
Producer’s Price |
Wholesaler’s Price |
Retailer’s Price |
| Nails: |
| Common wire nails (local) — |
| Sizes: |
| 1” to 1 ¾” |
.................................. |
Keg/100# |
₱31.00/keg |
₱33.00/keg |
₱0.80/kilo |
| 2” to 2 ¾” |
.................................. |
Keg/100# |
29.00/keg |
31.00/keg |
0.75/kilo |
| 3” up |
.................................. |
Keg/100# |
27.00/keg |
29.00/keg |
0.70/kilo |
| Finishing Nails {Local) — |
| Sizes: |
| 1” to 1 ¾ ” |
.................................. |
Keg/100# |
33.00/keg |
35.00/keg |
0.85/kilo |
| 2” to 2 ½ ” |
.................................. |
Keg/100# |
31.00/keg |
33.00/keg |
0.80/kilo |
| 3” up |
.................................. |
Keg/100# |
29.00/keg |
31.00/keg |
0.75/kilo |
Section 3. The ceiling prices fixed in this Order include the 7 per cent sales tax and 1 per cent municipal tax.
Section 4. This Order shall take effect immediately.
Done in the City of Manila, this 3rd day of February, in the year of Our Lord, nineteen hundred and fifty-three, and of the Independence of the Philippines, the seventh.1a⍵⍴h!1
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary
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