NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order as follows:
SECTION 1. Section 1 of Presidential Decree No. 897 is hereby amended to read as follows:
"SEC. 1. Beginning with the tobacco trading year 1976, no person, corporation, partnership or association shall buy locally grown Virginia loaf tobacco at prices lower than the following:
GRADE A P8.00 per kilogramGRADE B 7.50 per kilogramGRADE C 7.00 per kilogramGRADE D 6.50 per kilogramGRADE E 6.00 per kilogramThe description of each grade shall be determined by the Philippine Virginia Tobacco Administration.
SEC. 2. This Decree shall take effect immediately.
Done in the City of Manila, this 5th day of April, in the year of Our Lord, nineteen hundred and seventy-six.
(Sgd.) |
FERDINAND E. MARCOS | ||||||||
President |
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Republic of the Philippines | |||||||||
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By the President: | ||||||||
(Sgd.) |
JACOBO C. CLAVE | ||||||||
Presidential Executive Assistant |