EXECUTIVE ORDER NO. 518, July 11, 1952

FIXING THE CEILING PRICES OF COMMODITIES AND FOR OTHER PURPOSES

Executive Orders July 11, 1952
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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 commodities shall not be sold at more than the 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

 

 

 

 

MILK PRODUCTS:

 

 

 

 

Evaporated Milk

        (Tall Size)

        Brand:Libby’s

48/14-1/2-oz.

P17.80

P19.05

P0.43/tin

Evaporated Milk

        (Baby Size)

        Brand:Libby’s

96/6-oz.

17.80

19.05

0.22/tin

 

FOODSTUFF (LOCAL)

 

Commodity

Unit

Wholesaler’s

        Price

Retailer’s

        Price

BEVERAGE:

        Roasted Ground Coffee, Locally Prepared with Imported Coffee Beans Packed in Paper Bags:

        Cafe Excelente

Bag/1-lb.

P2.80

P3.20

SEC. 2. The ceiling prices fixed in this Order include for Libby’s Evaporated Milk products the 7% Sales Tax and 1% Municipal Tax and for Cafe Excelente the 7% Sales Tax.

SEC. 3. This Order shall take effect immediately.

Done in the City of Manila, this 11th day of July, 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 ROQUE
Acting Executive Secretary

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