MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 580, March 24, 1953 ]
FIXING CEILING PRICES OF IMPORTED FOODSTUFF, 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 |
| Flour: |
| Pillsbury’s Best Enriched Flour |
............................... |
5/10# |
₱10.83 |
₱11.81 |
₱2.66 |
| Pillsbury’s Best Enriched Flour |
............................... |
10/5# |
11.24 |
12.26 |
1.38 |
| Pillsbury’s Best Enriched Flour |
............................... |
25/2# |
12.60 |
13.75 |
0.62 |
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 three days after the date hereof.1a⍵⍴h!1
Done in the City of Manila, this 24th day of March, 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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