[ PROCLAMATION NO. 199, August 04, 1950 ]
AMENDING PROCLAMATION NO. 134, AS AMENDED BY PROCLAMATION NO. 151, BY PUBLISHING THE LATEST VALUES OF CERTAIN FOREIGN CURRENCIES FOR PURPOSES OF THE ASSESSMENT AND COLLECTION OF CUSTOMS DUTIES.
Pursuant to the authority vested in me by Republic Act No. 77, and upon recommendation of the Secretary of Finance, I hereby amend Proclamation No. 134, dated July 19, 1949, as amended by Proclamation No. 151, dated October 15, 1949, by publishing the latest values of certain foreign currencies for purposes of the assessment and collection of customs duties, as follows:
|
Country |
Unit |
Value in Philippine Currency |
Equivalent in U.S. currency |
|
Italy |
Lira |
.0032 |
.0016 |
|
Palestine |
Pound Sterling |
5.60 |
2.80 |
In witness whereof, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
Pone in the City of Manila, this 4th day of August, in the Year of Our Lord, nineteen hundred and fifty, and of the Independence of the Philippines, the fifth.
ELPIDIO QUIRINO
President of the Philippines
By the President:
TEODORO
EVANGELISTA
Executive Secretary