EXECUTIVE ORDER NO. 275

: The Surplus Property Commission was abolished and all its powers, functions, duties, properties, records, funds, and appropriations were transferred to the Surplus Property Liquidating Committee.
: The new committee is called the Surplus Property Liquidating Committee.
: Its primary duties include disposing of the remaining surplus properties and liquidating the accounts of the former Surplus Property Commission within the shortest time possible.
: The Committee may appoint and fix salaries of its personnel with the approval of the President.
: The order took effect on October 1, 1949.
: Executive Order No. 27, dated November 18, 1946, created the original Surplus Property Commission.
: The order was issued pursuant to the powers vested in the President of the Philippines by law.
: Administrative Order No. 90 created the committee which was renamed as the Surplus Property Liquidating Committee and received the powers and functions of the abolished Surplus Property Commission.