WHEREAS, most of the sugar centrals in the Philippines are still undertaking the rehabilitation of their facilities, including the buildings and dwelling houses of their laborers, which were damaged during the last war, and are incurring heavy expenditures for this purpose;

WHEREAS, some of these centrals have been operating at a loss, and others at profits which are inconsiderable; and

WHEREAS, the imposition of the additional progressive taxes on these centrals would be unduly oppressive and, in a few instances, even confiscatory in effect;

NOW, THEREFORE, I, RAMON MAGSAYSAY, President of the Philippines, do hereby waive the additional progressive taxes to be paid by the proprietors and operators of the following sugar mills for the 1955-1956 crop under Section 2 of Commonwealth Act No. 567:

1. Ormoc Sugar Company Inc., provided that the central shall continue to give its planters transportation allowances as provided for in the revised milling contract between the central and its planters.

2. Bogo-Medellin Milling Co., Inc., provided that improvements being undertaken to increase the capacity of the mill and factory shall be continued and that the increase in the planters ™ participation of 1-1/2% given since 1952-1953, thus making the planters ™ participation 57-1/2%, in addition to the escalator clause giving the planters 60% of all sugar and molasses manufactured from and including the 131st milling day, shall be continued to be enforced.

3. Asturias Sugar Central, Inc., provided that the planters ™ participation shall continue to be increased to 57-1/2%.

4. Central Azucarera Don Pedro.

5. Central Azucarera del Norte.

6. Hind Sugar Company, provided that 55% of the equivalent of the progressive tax shall be paid to the central planters as additional benefits.

7. Central Santos Lopez Co., Inc., provided that the planters ™ participation shall be increased as follows until the planters ™ participation will have reached 60% effective the crop year 1957-1958 as provided for in the 10-year contract between the central and the planters:

57% for the crop year 1955-1956;
58-1/2% for the crop year 1956-1957; and
60% effective the crop year 1957-1958.

Done in the City of Manila, this 13th day of December, in the year of Our Lord, nineteen hundred and fifty-six, and of the Independence of the Philippines, the eleventh.

(Sgd.) RAMON MAGSAYSAY
President of the Philippines

By the President:
(Sgd.) FORTUNATO DE LEON
Executive Secretary