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 maximum selling prices for importers, wholesalers and retailers set opposite each:
FOODSTUFF (IMPORTED) Commodity | Unit | Importer’s Price | Wholesaler’s Price | Retailer’s Price |
| | | | |
WITHOUT 17% SPECIAL EXCISE | | | | |
TAX ON FOREIGN EXCHANGE | | | | |
CANNED MEAT: | | | | |
Corned Beef: | | | | |
Emery Brand | 48/12-oz. | ?44.40/cs. | ?48.45/cs. | ?1.15/tin |
Exeter Brand | 48/12-oz. | 44.40/cs. | 48.45/cs. | 1.15/tin |
SEC. 2. The ceiling prices fixed in this Order include the 7% Sales Tax and 1% Municipal Tax.
SEC.3. This Order shall take effect immediately.
Done in the City of Manila, this 26th day of September, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the seventh.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.)
MARCIANO ROQUEActing Executive Secretary