MALACAÑANG
Manila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 305
AMENDING PROCLAMATION NO. 134, DATED JULY 19, 1949, AS AMENDED BY PROCLAMATION NO. 151, DATED OCTOBER 15, 1949, PROCLAMATION NO. 199, DATED AUGUST 4, 1950, AND PROCLAMATION NO. 304, DATED JANUARY 29, 1952, BY PUBLISHING THE LATEST VALUES OF CERTAIN FOREIGN CURRENCIES FOR PURPOSES OF THE ASSESSMENT AND COLLECTION OF CUSTOMS DUTIES.
Pursuant to the authority vested in me by Republic Act No. 77 and upon the recommendation of the Secretary of Finance, I hereby amend Proclamation No. 134, dated July 19, 1949, as amended by Proclamation No; 151, dated October 15, 1949, Proclamation No. 199, dated August 4, 1950, and Proclamation No. 304, dated January 29, 1952, by publishing the latest values of certain foreign currencies for purposes of the assessment and collection of customs duties, as follows:
| Country |
Unit |
Equivalent in U.S. currency |
Equivalent in Philippine currency |
| 1. Colombia |
Peso |
$0.513 |
₱1.026 |
| 2. Hongkong |
Dollar |
.174 |
.348 |
| 3. Nicaragua |
Cordoba |
.200 |
.400 |
| 4. Panama |
Balboa |
1.000 |
2.000 |
| 5. Poland |
Zloty |
.250 |
.500 |
In witness whereof, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
Done in the City of Manila, this 11th day of March, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.
ELPIDIO QUIRINO
President of the Philippines
By the President:
MARCIANO ROQUE
Acting Executive Secretary
The Lawphil Project - Arellano Law Foundation
