Question & AnswerQ&A (EXECUTIVE ORDER NO. 369)
The title is 'Fixing the Ceiling Prices of Commodities and Other Purposes' and it was issued on November 13, 1950.
The main purpose is to fix the ceiling prices of essential imported commodities such as foodstuffs to regulate their selling prices at the importer, wholesaler, and retailer levels.
Essential foodstuff commodities including canned fish (Rosebowl Sardines Oval in tomato sauce), various brands of powdered skimmed milk (Golden State, Darigold, Dari-X), and beverages like Our Mother Brand powdered cocoa.
According to Section 2, any commodity not included in previous price ceiling orders but having the same size and specifications as those mentioned in this Order shall have the same ceiling price.
The Order took effect five days after its promulgation on November 13, 1950.
The President at the time was Elpidio Quirino.
The Price Administration Board.
Yes, ceiling prices are specified separately for importers, wholesalers, and retailers.
Sellers at any level (importers, wholesalers, retailers) are legally prohibited from selling the listed commodities above the fixed maximum prices.