EXECUTIVE ORDER NO. 447

: The waiver is provided under section 2 of Commonwealth Act No. 567 concerning the additional progressive taxes on sugar mills.
: Because most sugar centrals were still rehabilitating war-damaged facilities and incurring heavy expenditures, some were operating at a loss or with minimal profits, and the taxes would have been unduly oppressive or even confiscatory.
: The sugar mills mentioned are Ormoc Sugar Company, Inc., Bogo-Medellin Milling Co., Inc., Asturias Sugar Central, Inc., Hind Sugar Company, and Central Azucarera del Norte.
: Ormoc Sugar Company, Inc. was required to continue giving its planters transportation allowances as provided for in the revised milling contract between the central and its planters.
: Bogo-Medellin Milling Co., Inc. must continue improvements to increase mill and factory capacity and maintain increased planters' participation of 57.5%, along with an escalator clause granting planters 60% of all sugar and molasses from the 131st milling day.
: Asturias Sugar Central, Inc. must continue to increase planters' participation to 57%.
: Hind Sugar Company is required to pay 55% of the equivalent of the progressive tax to the central planters as additional benefits.
: The intended effect is to relieve financial burden on sugar mills during their rehabilitation phase, promote continued operations, and avoid unduly oppressive or confiscatory taxation.