EXECUTIVE ORDER NO. 262

: The purpose of Executive Order No. 262 is to prescribe the adjusted monthly quarters allowances for commissioned officers of the Armed Forces of the Philippines.
: It applies to commissioned officers of the Armed Forces of the Philippines.
: The monthly quarters allowance for a Second Lieutenant or Ensign is P130.00.
: The monthly quarters allowance for a General (Chief of Staff of the Armed Forces) is P360.00.
: The Secretary of National Defense is tasked with promulgating the necessary rules and regulations.
: The prescribed allowance is P240.00 per month.
: It adjusts and prescribes the new monthly quarters allowances for commissioned officers, updating their rates.
: Yes, ranks such as Ensign correspond to Second Lieutenant, Lieutenant Junior Grade to First Lieutenant, Lieutenant Senior Grade to Captain, Lieutenant Commander to Major, Commander to Lieutenant Colonel, Captain (Navy) to Colonel, Commodore to Brigadier General, Rear Admiral to Major General, and so forth.
: The rates took effect on the date of the order, which is September 24, 1970.