Law Summary

Introduction

Executive Order No. 603, issued by President Elpidio Quirino on June 26, 1953, designates the Price Stabilization Corporation to manage the distribution and allocation of flour to consumers in the Philippines. This order is enacted under the authority provided by Republic Act No. 509.

Authority and Purpose

• Legal Basis: The order is enacted pursuant to Section 4 of Republic Act No. 509, which empowers the President to:

  • Fix ceiling prices for commodities.
  • Establish rules and regulations to support this pricing policy.
  • Authorize the appropriation of funds for these purposes.

• Objective: The primary aim is to stabilize flour prices and ensure equitable distribution to consumers.

Designation of the Price Stabilization Corporation

• Entity Designated: The Price Stabilization Corporation is designated as the supervising body for:

  • The sale of flour.
  • The distribution of flour to consumers across the nation.

• Responsibilities:

  • Ensure that flour is allocated fairly among consumers.
  • Manage the logistics of distribution to maintain price stability.

Effective Date

• Implementation: The order shall take effect on July 1, 1953, marking the commencement of the Price Stabilization Corporation’s responsibilities.

Signatories

• Issuing Authority:

  • Elpidio Quirino, President of the Philippines.

• Additional Signatory:

  • Marciano Roque, Acting Executive Secretary, affirming the order.

Key Takeaways

• Executive Order No. 603 authorizes the Price Stabilization Corporation to oversee the distribution of flour in the Philippines.
• The order is grounded in the authority provided by Republic Act No. 509.
• It is set to take effect on July 1, 1953, with the aim of stabilizing flour prices and ensuring fair consumer access.