For the purpose of implementing the provisions of Executive Order No. 184, dated November 19, 1948, the National Rice and Corn Corporation (NARIC) is hereby designated as the agency of the Government to purchase or to issue license to purchase palay and/or cleaned rice at the price and under the terms and conditions prescribed in said Executive Order. The NARIC shall also determine the reasonable compensation, after hearing the owners, for the lease and operation of any warehouse, mill, œkiskisan,  elevator, drier, and other facilities for the production and/or distribution of rice and/or for the seizure and commandeering thereof if deemed by the Government necessary to do so, or to issue license to owners of said warehouse, mill, kiskisan,  elevator, drier and other facilities to be operated in accordance with the provisions of Executive Order No. 184.

Until the rules and regulations to be recommended by the Rice Emergency Board governing the granting of licenses shall have been issued by the President, the Philippine Relief and Trade Rehabilitation Administration (PRATRA) is hereby authorized, in behalf of the National Rice and Corn Corporation, to accept and gather all sworn statements required by said order to be submitted by all persons, corporations, associations, partnerships, firms, or other entities, setting forth the quantity of cleaned rice in stock for sale to consumers as well as the terms and conditions of all contracts for the purchase or acquisition in any other manner of palay and /or cleaned rice to be harvested or produced from the 1948-1949 crop and to submit to the NARIC all such sworn statements and contracts for the purchase or acquisition of palay or cleaned rice pertaining to the 1948-1949 crop.

Done in the City of Manila, this 22nd day of November, in the year of Our Lord, nineteen hundred and forty-eight, and of the Independence of the Philippines, the third.


By the President:

(Sgd.) TEODORO EVANGELISTA
Executive Secretary