Price Ceiling Adjustment for Rice Commodities

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EXECUTIVE ORDER NO. 51: Price Ceiling Adjustment for Rice Commodities

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Title Supreme Court: Price Ceiling Adjustment for Rice Commodities

Law: Executive Order No. 51

Decision Date: Aug 10, 1954

Ramon Magsaysay amends Executive Order No. 475 to establish new ceiling prices for various rice commodities, aiming to regulate prices amid supply shortages.

executive order

administrative law

A

Specific Price Ceiling Adjustments

New ceiling prices are established for different types of rice:
- Imported rice (Macan equivalent to NARIC old stock, remilled):
  - Wholesaler's price set at P0.70 per ganta.
  - Retailer's price set at P0.75 per ganta.
- Native rice, Macan 2nd Class:
  - Wholesaler's price set at P0.80 per ganta.
  - Retailer's price set at P0.85 per ganta.

Legal Authority and Context

The authority to set price ceilings comes from Republic Act No. 1168, which allows the government to fix maximum selling prices for commodities in short supply.
The Price Control Office and PRISCO (Philippine Rice and Corn Corporation) are involved in recommending these adjustments.

Effective Date and Publication Requirement

The amended price ceilings take effect immediately upon publication in a newspaper of general circulation.
This requirement ensures public awareness and compliance.

Signatory and Legal Formalities

The Executive Order was signed by President Ramon Magsaysay.
The Executive Secretary, Fred Ruiz Castro, also signed the document, confirming official promulgation.
The Order was issued in Manila on August 10, 1954, corresponding to the ninth year of Philippine independence.

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