Sale of Paper Products to Manufacturers of Socialized or Controlled Commodities at Manufacturer's Prices
Letter of Instructions No. 234, issued on December 18, 1974, addresses rising prices of paper and paperboard products essential for packaging controlled commodities in the Philippines. It directs manufacturers to sell these products directly to manufacturers of socialized or controlled goods at previously established prices, bypassing commission agents and intermediaries. However, manufacturers must obtain a certificate from the Price Control Council to confirm the reasonableness of their prices before proceeding with direct sales. This measure aims to stabilize prices and curb unwarranted increases due to intermediary trading.
Law Information
- Reference Number
- Letter of Instructions No. 234
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 18, 1974
LETTER OF INSTRUCTIONS NO. 234
| TO | : | The Secretary of Trade |
| The Chairman, Price Control Council |
In view of innumerable complaints that the prices of paper and/or paperboard products used either as raw materials for packaging of socialized or controlled commodities have unreasonably risen and after finding that these price increases are brought about substantially by the trading of these vital commodities through commission agents and/or intermediary distributors, who necessarily have to make their commissions, you are hereby directed, pending the determination of maximum price ceilings as directed in LOI No. 212, dated September 5, 1974, to immediately instruct all manufacturers of paper and/or paperboard, covering such items as:
1. Newsprint and local bond (for conversion to writing pads and notebooks)
2. Kraft Paper (for conversion to cement bags)
3. Box Boards (for conversion to milk cartons, coconut edible oil cartons)
to sell their products directly to manufacturers of socialized or controlled commodities at manufacturer's prices heretofore charged to commission agents and/or intermediary distributors.
No paper and/or paperboard manufacturers, however, shall directly sell to the manufacturers of socialized or controlled commodities without first securing from the Price Control Council, a certificate attesting to the reasonableness of the prices of their products being offered for sale.
DONE in the City of Manila, this 18th day of December, in the year of Our Lord, Nineteen Hundred and Seventy-Four.
Cite This Law
Sale of Paper Products to Manufacturers of Socialized or Controlled Commodities at Manufacturer's Prices, Letter of Instructions No. 234, Dec 18, 1974 (Philippines)
Sale of Paper Products to Manufacturers of Socialized or Controlled Commodities at Manufacturer's Prices, Letter of Instructions No. 234 (Phil. 1974)
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