PROCLAMATION NO. 305, March 11, 1952

[ PROCLAMATION NO. 305, March 11, 1952 ]

AMENDING PROCLAMATION NO. 134, DATED JULY 19, 1949, AS AMENDED BY PROCLAMATION NO. 151, DATED OCTOBER 15, 1949, PROCLAMATION NO. 199, DATED AUGUST 4, 1950, AND PROCLAMATION NO. 304, DATED JANUARY 29, 1952, 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, Proclamation No. 199, dated August 4, 1950, and Proclamation No. 304, dated January 29, 1952, 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. Colombia

Peso

$0.513

?1.026

2. Hongkong

Dollar

.174

.348

3. Nicaragua

Cordoba

.200

.400

4. Panama

Balboa

1.000

2.000

5. Poland

Zloty

.250

.500

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 11th day of March, 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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