Use of Hasler Franking Machine

February 10, 1960 BIR RULING NO. 048-60 OESCO, Inc. National Press Club Bldg. Magallanes Drive, Manila Gentlemen : With reference to your application, for and in behalf of your customer the Philippine Commercial and Industrial Bank, Manila, for permit to use Hasler franking machine, Model F-88, Serial No. 14949, printing capacity from P0.01 to P99.99, loading capacity P1,000.00 for documentary stamps, I have the honor to inform you that the same is hereby granted. The permit granted you is No. 82. However, in accordance with the provisions of Regulations No. 77 of the Department of Finance, before any tax meter can be used, it has to be set, locked and sealed in the presence of the Commissioner of Internal Revenue or his duly authorized representative. It shall also be necessary for the owner or any person or corporation who intends to use the meter or machine to first submit his written requisition for stamps to be so printed, to the Commissioner of Internal Revenue to be accomplished on B.I.R. Form No. 3.06 which is furnished free of charge by the Bureau of Internal Revenue and to pay the corresponding value of the stamps to be requisitioned. The value of the stamps so requisitioned shall be entered in the debit side of a record book to be kept for the purpose and the value of the stamps printed and used, shall be entered on the credit side of the same. The tax meter in question shall be subject to the supervision of this Office and shall be available at all times for inspection by internal revenue agents. cdll Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue