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PRESIDENTIAL DECREE NO. 686 -
AMENDING PRESIDENTIAL DECREE NO. 659, ENTITLED "PENALIZING THE ILLEGAL
TRADING AND THE ILLEGAL EXPORTATION OF PHILIPPINE SUGAR" BY INSERTING
BETWEEN SectionS FIVE AND SIX THEREOF A NEW Section TO BE KNOWN AS
Section FIVE-A
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| WHEREAS, in
order to implement fully the provisions of Presidential Decree No. 659,
entitled "Penalizing the Illegal Trading and the Illegal Exportation of
Philippine Sugar", it is necessary that a government agency be
authorized to promulgate rules and regulations that would ensure the
effectiveness of said Decree to the smallest details and as the
occasion may require from time to time; and WHEREAS, it may be necessary to require the traders of sugar, especially the big ones, to submit periodic report as to the quantities of sugar being stored and/or traded by them in order to enable the Government to monitor the movements of sugar all over the country; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order: Section 1. Presidential Decree No. 659 is hereby amended by inserting between sections five and six thereof, a new section to be known as section five-A, which shall read as follows: "Sec. 5-A. The Secretary of National Defense shall promulgate rules and regulations implementing the provisions of this Decree and shall, if necessary, require all sugar producers, millers, warehousemen, traders and other persons handling stocks of sugar to submit monthly or weekly reports under oath on the sugar actually being handled and traded by them. Any person who wilfully violates such rules and regulations and/or who wilfully makes false statements in the said reports shall be liable to the penalty provided in Sec. 3(a) of this Decree." Section 2. All laws, executive orders, instructions, rules and regulations inconsistent with these provisions are hereby repealed or amended accordingly. Section 3. This Decree shall take effect immediately. Done in the City of Manila, this 17th day of April, in the year of Our Lord, nineteen hundred and seventy-five. |
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