For the information and guidance of all concerned, the following rules and regulations are hereby issued to implement the provisions of SRA Sugar Order No. 1, dated 3 September 1992, specifically on œB-1  Domestic (Reserve) sugar:

SECTION 1. The œB  Domestic sugar quedan-permit form shall be used in quedanning the œB-1  production. Mill companies shall rubber-stamp the word œB-1  at the most conspicuous space of the three portions of each quedan-permit.

SECTION 2. The dates of issuance of quedan-permits to be issued to cover œB-1  sugar as well as corresponding maturity dates thereof shall be clearly indicated in said quedan-permits.

SECTION 3. All œB-1  sugar may be withdrawn only after one hundred twenty (120) days.  This means that as long as the sugar is œB-1 , the same cannot be withdrawn.  Hence no storage fee shall be imposed.

Storage charges shall commence ninety (90) days after the maturity date of the œB-1  sugar which has become œB .

SECTION 4. This Circular Letter takes effect immediately.  The provisions of sugar orders, circular letters, memoranda, rules and regulations inconsistent with or contrary to this Circular are hereby amended, modified or revoked accordingly.

Adopted: 8 Sept. 1992