PRESIDENTIAL DECREE NO. 920, April 05, 1976
AMENDING SECTION 1 OF PRESIDENTIAL DECREE NO. 897 FIXING MINIMUM PRICES OF LOCALLY GROWN VIRGINIA LEAF TOBACCO, TO PROVIDE FOR NEW MINIMUM PRICES THEREOF.
the existing minimum prices of locally produced Virginia leaf
tobacco as set forth in Presidential Decree No. 897 are by present
standards still inadequate, considering the high cost of production;
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 GRADE B GRADE C GRADE D GRADE E The 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.
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(Sgd.)
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FERDINAND E. MARCOS | ||||||||
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President
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By the President: | ||||||||
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(Sgd.)
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JACOBO C. CLAVE | ||||||||
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Presidential Executive Assistant
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