EXECUTIVE ORDER NO. 580, March 24, 1953

FIXING CEILING PRICES OF IMPORTED FOODSTUFF, AND FOR OTHER PURPOSES

Executive Orders March 24, 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. The following essential commodity shall not be sold at more than the maximum selling prices for importers, wholesalers and retailers set opposite each:

FOODSTUFF (IMPORTED)

Without 17 per cent Special Excise Tax on Foreign Exchange

Commodity

Unit

Importer’s

        price

Wholesaler’s

        price

Retailer’s

        price

Flour:

 

 

 

 

Pillsbury’s Best Enriched Flour

5/10#

P10.83

P11.81

P2.66

Pillsbury’s Best Enriched Flour

10/5#

11.24

12.26

1.38

Pillsbury’s Best Enriched Flour

25/2#

12.60

13.75

0.62

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 three days after the date hereof.

Done in the City of Manila, this 24th day of March, 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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