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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. 448, dated June 9, 1951, is hereby amended by reducing and setting up new ceiling prices for galvanized roofing nails as follows:

CONSTRUCTION MATERIALS (IMPORTED)

With 17 per cent Special Excise Tax on Foreign Exchange

Commodity	Unit	Wholesaler’s price	Retailer’s price
Galvanized Roofing Nail—Sizes:
2 ½” X 6 to 7 BWG	kilo	P1.05	P1.15
2″ x 8 BWG	kilo	1.05	1.15

SEC. 2. The ceiling prices fixed in this Order include the 17 per cent special excise tax on foreign exchange, 7 per cent sales tax and 1 per cent municipal tax.

SEC. 3. This Order shall take effect three days after the date hereof.

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.


By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary