WHEREAS, worldwide inflation primarily brought about by the
energy crisis has resulted in the tremendous increase of domestic
prices, in particular, and the cost of living, in general;
WHEREAS, the increase in prices, especially of basic or
prime commodities, has caused undue hardships among that segment of our
people belonging to the low income or salary group in the public as well
as private sector of the economy;
WHEREAS, there is need to alleviate the plight of the
members of this low income group in order to provide them with the means
to cushion the impact of increased prices on their daily lives; and
WHEREAS, the needed measures to aid and assist the low
income group initiated by the Government should set an example and
suggest to the private sector to undertake measures of their own for the
same purpose;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces, and pursuant to
Proclamation No. 1081, dated September 21, 1972, and General Order No.
1, dated September 22, 1972, as amended, do hereby order and decree the
following as part of the law of the land: