EXECUTIVE ORDER NO. 434 - AMENDING EXECUTIVE ORDER NUMBERED THREE HUNDRED AND SEVENTY-THREE AND FOR OTHER PURPOSES

[ EXECUTIVE ORDER NO. 434, April 16, 1951 ]

AMENDING EXECUTIVE ORDER NUMBERED THREE HUNDRED AND SEVENTY-THREE AND FOR OTHER PURPOSES

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 2 of Executive Order No. 373, dated November 27, 1950, in so far as it sets up the maximum selling prices of Galvanized Iron Sheets, is hereby repealed by setting new ceiling prices as follows:

CONSTRUCTION MATERIALS (IMPORTED)

Commodity

Unit

Wholesale Price

Retail Ceiling Price

GALVANIZED IRON SHEETS: Gauges and Sizes:

Gauge No. 30 x 32″ 6′ corr

sheet

P5.77

P6.29

30 x 32″ 7′ corr

sheet

6.73

7.33

30 x 32″ 8′ corr

sheet

7.69

8.38

30 x 32″ 9′ corr

sheet

8.67

9.44

30 x 32″ 10′ corr

sheet

9.62

10.49

30 x 3′ 8′ plain

sheet

7.69

8.38

Gauge No. 28 x 32″ 6′ corr

sheet

6.38

6.95

28 x 32″ 7′ corr

sheet

7.46

8.14

28 x 32″ 8′ corr

sheet

8.54

9.30

28 x 32″ 9′ corr

sheet

9.62

10.49

28 x 32″ 10′ corr

sheet

10.70

11.65

28 x 3′ 8′ plain

sheet

8.54

9.30

Gauge No. 26 x 32″ 6′ corr

sheet

6.92

7.54

26 x 32″ 7′ corr

sheet

8.08

8.81

26 x 32″ 8′ corr

sheet

9.23

10.06

26 x 32″ 9′ corr

sheet

10.39

11.32

26 x 32″ 10′ corr

sheet

11.54

12.57

26 x 3′ 8′ plain

sheet

9.23

10.06

Gauge No. 24 x 32″ 6′ corr

sheet

8.81

9.39

24 x 32″ 7′ corr

sheet

10.00

10.90

24 x 32″ 8′ corr

sheet

11.54

12.57

24 x 32″ 9′ corr

sheet

12.91

14.09

24 x 32″ 10′ corr

sheet

14.38

15.68

24 x 3′ 8′ plain

sheet

11.54

12.57

Gauge No. 30 x 26″ 6′ corr

sheet

4.81

5.24

30 x 26″ 7′ corr

sheet

5.61

6.11

30 x 26″ 8′ corr

sheet

6.41

6.98

30 x 26″ 9′ corr

sheet

7.22

7.87

30 x 26″ 10′ corr

sheet

8.02

8.74

30 x 30″ 8′ plain

sheet

6.41

6.98

Gauge No. 28 x 26″ 6′ corr

sheet

5.32

5.79

28 x 26″ 7′ corr

sheet

6.22

6.78

28 x 26″ 8′ corr

sheet

7.12

7.75

28 x 26″ 9′ corr

sheet

8.02

8.74

28 x 26″ 10′ corr

sheet

8.92

9.71

28 x 26″ 6′ corr

sheet

7.12

7.75

Gauge No. 26 x 26″ 6′ corr

sheet

5.77

6.28

26 x 26″ 7′ corr

sheet

6.73

7.34

26 x 26″ 8′ corr

sheet

7.69

8.38

26 x 26″ 9′ corr

sheet

8.66

9.43

26 x 26″ 10′ corr

sheet

9.62

10.47

26 x 30″ 8′ corr

sheet

7.69

8.38

Gauge No. 24 x 26″ 6′ corr

sheet

7.17

7.82

24 x 26″ 7′ corr

sheet

8.33

9.08

24 x 26″ 8′ corr

sheet

9.62

10.47

24 x 26″ 9′ corr

sheet

10.76

11.74

24 x 26″ 10′ corr

sheet

11.98

13.07

24 x 30″ 8′ plain

sheet

9.62

10.47

SEC. 2. The ceiling prices fixed in this Order include the 7 per cent sales tax, 17 per cent excise tax on Foreign Exchange and 1 per cent municipal tax.

SEC. 3. This Order shall take effect immediately.

Done in the City of Manila, this 16th day of April, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the fifth.

(SGD.) ELPIDIO QUIRINO President of the Philippines

By the President: (SGD.) TEODORO EVANGELISTA Executive Secretary