MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 557, January 16, 1953 ]
AMENDING EXECUTIVE ORDER NUMBERED FOUR HUNDRED AND FORTY-TWO, AND FOR OTHER PURPOSES.
By virtue of the powers vested in me by section 3 of Republic Act No. 509, entitled “An Act declaring national policy, authorizing the President of the Philippines for a limited period to fix ceiling prices of commodities and to promulgate rules and regulations regarding prices of commodities to effectuate such policy, and authorizing the appropriation of a certain sum for the purpose,” and upon the recommendation of the Price Administration Board, I, ELPIDIO QUIRINO, President of the Philippines, do hereby order:
Section 1. Section 4 of Executive Order No. 442, dated May 26, 1951, is hereby amended by reducing and setting up new ceiling prices of some drugs listed below as follows:
DRUGS, MEDICINES AND HOUSEHOLD REMEDIES (IMPORTED)
Group II—Without 17 per cent Special Excise Tax on Foreign Exchange
| Commodity |
|
Unit |
Importer’s price |
Wholesaler’s price |
Retailer’s price |
| Anreomycin 250 Mg. Caps |
....................... |
16’s |
₱13.31 |
₱15.97 |
₱19.96 |
| Chloromycetin 250 Mg. Caps |
....................... |
12’s |
8.77 |
10.52 |
13.15 |
| Dihydro-Streptomycin 1 gm |
....................... |
Vial |
1.18 |
1.42 |
1.78 |
| Procaine Penicillin Aqueous 400,000 Units |
....................... |
1 CC. |
0.78 |
0.94 |
1.18 |
| Procaine Penicillin in Oil 3,000,000 Units |
....................... |
10 cc. |
3.53 |
4.24 |
5.30 |
| Terramycin 250 Mg. Caps |
....................... |
16’s |
12.58 |
15.10 |
18.88 |
Section 2. The ceiling prices fixed in this order include the 7 per cent sales’ tax and 1 per cent municipal tax.
Section 3. This Order shall take effect immediately.1a⍵⍴h!1
Done in the City of Manila, this 16th day of January, in the year of Our Lord, nineteen hundred and fifty-three, and of the Independence of the Philippines, the seventh.
(SGD.) ELPIDIO QUIRINO
President of the Philippines
By the President:
(SGD.) MARCIANO ROQUE
Acting Executive Secretary
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