EXECUTIVE ORDER NO. 434

: The legal basis is section 3 of Republic Act No. 509, which declares national policy and authorizes the President for a limited period to fix ceiling prices of commodities and promulgate rules and regulations regarding prices to effectuate such policy.
: Imported construction materials, specifically different gauges and sizes of galvanized iron sheets, are affected by the price ceilings set in the order.
: They are classified by gauge number and size with corresponding wholesale prices and retail ceiling prices.
: Yes, the ceiling prices include a 7% sales tax, 17% excise tax on foreign exchange, and 1% municipal tax.
: The order took effect immediately upon issuance on April 16, 1951.
: It refers to the repeal of the section setting the maximum selling prices of galvanized iron sheets, which are replaced by the new ceiling prices set in EO No. 434.
: The Price Administration Board recommended the price adjustments.
: It signifies the date of issuance marking the fifth year of Philippine independence and the exact day of the order's effectivity, indicating historical and legal context.