PROCLAMATION NO. 304, January 23, 1952

[ PROCLAMATION NO. 304, January 23, 1952 ]

AMENDING PROCLAMATION NO. 134, DATED JULY 19, 1949, AS AMENDED BY PROCLAMATION NO. 151, DATED OCTOBER 15, 1949, AND PROCLAMATION NO. 199, DATED AUGUST 4, 1950, BY PUBLISHING THE LATEST VALUES OF CERTAIN FOREIGN CURRENCIES FOR PURPOSES OF THE ASSESSMENT AND COLLECTION OF CUSTOMS DUTIES.

Pursuant to the authority vested in me by Republic Act No. 77 and upon the recommendation of the Secretary of Finance, I hereby amend Proclamation No. 134, dated July 19, 1949, as amended by Proclamation No. 151, dated October 15, 1949 and Proclamation No. 199, dated August 4, 1950, by publishing the latest values of certain foreign currencies for purposes of the assessment and collection of customs duties, as follows:

Country

Unit

Equivalent in U.S. currency

Equivalent in Philippine currency

1.

Argentina

Pesos

$0.2000

?0.4000

2.

Austria

Schillings

0.4653327

0.9306654

3.

Bolivia

Bolivianas

0.166

.0332

4.

Canada

Dollar.95

1.90

5.

Ceylon

Rupees

.209424

.418848

6.

Colombia

Pesos

.3984

.7968

7.

Ecuador

Sucres

0.667

.1334

8.

Germany

Deutsche Mark

.238379

.476758

9.

Greece

Drachmas

.0001

.0002

10.

Honduras

Lempiras

.49505

.99010

11.

Hongkong

Dollar

.1905

.3810

12.

Iceland

Kronur

.061275

.122550

13.

Indonesia

Ruiah

.262467

.524934

14.

Iraq

Dinar

2.80

5.60

15.

Ireland

Pound

2.7988

5.5976

16.

Israel

Pound

2.8011

5.6022

17.

Luxembourg

Francs

.01984127

.03968254

18.

Nicaragua

Cordobas

.141844

.283688

19.

Panama

Balboas

.0172117

.0344234

20.

Paraguay

Guaranies

.16667

.33334

21.

Poland

Zloty

.0025

.0050

22.

Thailand

Baht

.079681

.159362

23.

Uruguay

Pesos

.526316

1.052632

In witness whereof, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 23th day of January, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.

[ ELPIDIO QUIRINO

President of the Philippines

By the President:

MARCIANO ROQUE

Acting Executive Secretary

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