WHEREAS,
Section 11 of Republic Act No. 6361, otherwise known as the Price
Control Law provides that this law shall take effect from the date of
its approval (July 27, 1971) up to June 30, 1973; and
WHEREAS, there is an urgent need to extend the effectivity of the law
in line with the policy to prevent monopoly, hoarding, injurious
speculation, manipulation and profiteering with respect to the supply
distribution and marketing of prime commodities;chanroblesvirtualawlibrary
NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines and
pursuant to Proclamation No. 1081 dated September 21, 1972, and General
Order No. 1 dated September 22, 1972, and pursuant to the economic and
social development programs of the Government, do hereby extend the
effectivity of Republic Act No. 6361, otherwise known as the Price
Control Law, up to June 30, 1975. chanroblesvirtualawlibrary
Any provision of law, executive order or regulation inconsistent
herewith is hereby repealed or modified accordingly.
This Decree is hereby made part of the law of the land and shall take
effect immediately.
Done in the City of Manila,
this 5th day of July, in the year of Our Lord, nineteen hundred and
seventy-three.
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