EXECUTIVE ORDER NO. 516, July 01, 1952

[ EXECUTIVE ORDER NO. 516, July 01, 1952 ]

FIXING THE CEILING PRICES OF COMMODITIES

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 wholesalers and retailers set opposite each:

PNEUMATIC TIRES

Commodity

Unit

Wholesaler’s

Price

Retailer’s

Price

WITH 17% SPECIAL EXCISE TAX ON FOREIGN EXCHANGE

CANADIAN TIRES

Conventional Passenger Car Tires

Sizes:

White Sidewall – 4 Ply

6.00 – 16

each

?57.90

?67.71

Extra Low Pressure Tires

White Sidewall – 4 Ply

6.70 – 15

each

63.47

74.23

7.10 – 15

each

70.48

82.43

7.60 – 15

each

77.07

90.13

Commodity

Unit

Wholesaler’s

Price

Retailer’s

Price

White Sidewall – 6 Ply

6.00 – 16

each

?73.78

?86.28

6.70 – 15

each

82.49

96.47

7.10 – 15

each

91.53

107.04

7.60 – 15

each

100.23

117.21

8.20 – 15

each

115.06

134.56

Premium Grade Tires

Sizes:

White Sidewall – 6 Ply

6.70 – 15

each

90.15

108.18

7.10 – 15

each

107.25.

128.79

7.60 – 15

each

117.47

140.96

8.20 – 15

each

134.60

161.52

8.20 – 16

each

115.00

138.00

SEC. 2. The ceiling prices fixed in this Order include the 17% Special Excise Tax on Foreign Exchange, 7% Sales Tax and 1% Municipal Tax.

SEC. 3. This Order shall take effect immediately.

Done in the City of Manila, this 1st day of July, in the year of Our Lord, nineteen hundred and fifty-two, and of the Independence of the Philippines, the sixth.

(SGD.) ELPIDIO QUIRINO President of the Philippines

By the President: (SGD.) MARCIANO ROQUE Acting Executive Secretary