EXECUTIVE ORDER NO. 363

Explanation: This Executive Order is issued under the authority granted by Section 3 of Republic Act No. 509, which allows the President of the Philippines to establish ceiling prices for commodities and to create regulations to enforce these price controls.
Key Definitions:
- Ceiling Prices: The maximum price that may be charged for a commodity.
Relevant Authority: Issued by Elpidio Quirino, President of the Philippines.

Explanation: Section 1 of Executive Order No. 359 is amended to revise the ceiling prices of refined sugar.
Important Requirements:
- The amended ceiling prices for refined sugar are specified for different market levels: producer, wholesale, and retail.
Details of Prices:
- Refined Sugar:
  - Producer’s Price: P15.40 per 100 lbs
  - Wholesale Price: P16.40 per 100 lbs
  - Retail Ceiling Price: P17.30 per kilo
- Additional Pricing:
  - Refined sugar packed in cellophane or cotton bags incurs an additional charge of P0.05 per kilo.

Explanation: The order is officially signed by President Elpidio Quirino, with the Executive Secretary Teodoro Evangelista countersigning.
Consequences: No specific penalties or liabilities are outlined within this document; however, adherence to the newly set ceiling prices is implied as being mandatory.

Related Legislation: The authority of this Executive Order is derived from Republic Act No. 509, which should be consulted for broader context on national price policy.

Executive Order No. 363 amends the ceiling prices for refined sugar in the Philippines.
New prices are set for producers, wholesalers, and retailers to regulate the market effectively.
The order is effective immediately as of November 9, 1950.
It is issued under the authority of Republic Act No. 509, reflecting the government’s intent to control commodity pricing during the specified period.