---

MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ EXECUTIVE ORDER NO. 614, September 12, 1953 ]

REPEALING SECTION THREE OF EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FORTY-EIGHT, 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 rule, 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 Section 3 of Executive Order No. 448, dated June 9, 1951, is hereby repealed by setting up new ceiling prices for Homasote Wallboard as follows:

CONSTRUCTION MATERIALS (IMPORTED)

With 17 per cent Special Excise Tax on Foreign Exchange

Commodity		Unit	Wholesaler’s price	Retailer’s price
Building board—
Homasote Wallboard:
Size: 15/32” X 4’ X 8’	......................	Sheet	₱12.50	₱13.65

Section 2. The ceiling prices fixed in this Order include the 17 per cent special excise tax on foreign exchange, 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 12th day of September, 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

The Lawphil Project - Arellano Law Foundation

---