An Act Authorizing the Bureaus of Supply and Printing and the Marine Railway and Repair Shops of the Bureau of Commerce and Industry to Adjust the Prices of the Material they have on Hand to Market Prices
Act No. 3063, enacted on February 17, 1923, authorizes the Bureau of Supply, Bureau of Printing, and Marine Railway and Repair Shops of the Bureau of Commerce and Industry to adjust the prices of their materials to align with current market prices, pending approval from the Emergency Board. Any financial losses from these adjustments will be deducted from the net profits of the respective Bureaus for the years 1921 and 1922. The Act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 3063
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 17, 1923
ACT NO. 3063
AN ACT AUTHORIZING THE BUREAUS OF SUPPLY AND PRINTING AND THE MARINE RAILWAY AND REPAIR SHOPS OF THE BUREAU OF COMMERCE AND INDUSTRY TO ADJUST THE PRICES OF THE MATERIAL THEY HAVE ON HAND TO MARKET PRICES
SECTION 1. The Bureau of Supply, the Bureau of Printing, and the Marine Railway and Repair Shops of the Bureau of Commerce and Industry, are hereby authorized, subject to the approval of the Emergency Board, to adjust the prices of the material and merchandise they have on hand to current market prices, charging any loss resulting from such adjustment to the total of the net profits of said Bureaus for the years nineteen hundred and twenty-one and nineteen hundred and twenty-two. EIDATc
SECTION 2. This Act shall take effect on its approval.
Approved, February 17, 1923.
Cite This Law
An Act Authorizing the Bureaus of Supply and Printing and the Marine Railway and Repair Shops of the Bureau of Commerce and Industry to Adjust the Prices of the Material they have on Hand to Market Prices, Act No. 3063, Feb 17, 1923 (Philippines)
An Act Authorizing the Bureaus of Supply and Printing and the Marine Railway and Repair Shops of the Bureau of Commerce and Industry to Adjust the Prices of the Material they have on Hand to Market Prices, Act No. 3063 (Phil. 1923)
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