EXECUTIVE ORDER NO. 560, January 23, 1953

AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FIFTY, AND FOR OTHER PURPOSES.

Executive Orders January 23, 1953
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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. 450, dated June 9, 1951, is hereby amended by reducing and setting up new ceiling prices of Fishing Twines as follows:

FISHING TWINES (IMPORTED)

Commodity

Unit

Importer’s pries

“Wholesaler’s price

Retailer’s price

         

Fishing Twines —

 

 

 

 

Sizes:

 

 

 

 

No. 6

Pound

P3.22

P3.48

P4.02

No. 9

Pound

2.99

3.24

3.74

No. 12

Pound

2.90

3.15

3.65

Nos. 15, 18, 19, 21, 24, 27, 30, 34, 36, 42, 48, 54, 60, 96, 108 or 120

Pound

2.72

2.95

3.41

SEC. 2. The ceiling prices fixed in this Order include the 7 per cent sales tax and 1 per cent municipal tax.

SEC. 3. This Order shall take effect immediately.

Done in the City of Manila, this 23rd day of January, in the year of Our Lord, nineteen hundred and fifty-three, and of the Independence of the Philippines, the seventh.

(SGD.) ELPIDIO QUIRINO
President of the Philippines

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

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