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Republic Act

AMENDING PRESIDENTIAL DECREE NO. 43 "PROVIDING FOR THE ACCELERATED DEVELOPMENT OF THE FISHERY INDUSTRY OF THE PHILIPPINES, "TO PROVIDE EFFECTIVE MEANS TO INSURE THE SUPPLY OF FISH AND FISHERY/AQUATIC PRODUCTS AT REASONABLE PRICES.

Number
Presidential Decree No. 553
Date of approval
Sections
1
Full text

WHEREAS, the effect of the recent calamities which befell

the country tended to raise the prices of the basic necessities of life

including the price of fish and fishery/ aquatic products;

WHEREAS, the price of fish, which is the major and cheapest

source of protein in the diet of our people, has escalated to a level

beyond the reach of the great mass of our people due to the destruction

wrought upon fishponds, fishpens and fish nurseries by the recent

typhoons and floods;

WHEREAS, unless measures are taken immediately and

decisively to bring the price of fish fry and fingerlings to reasonable

levels, the price of fish will continue to be high and beyond what our

people can afford;

WHEREAS, the price of "bangus" fry and fingerlings have,

recently and on several occasions in the past, risen to unreasonable

level due to monopolistic and speculative practices of certain sectors

of the industry;

WHEREAS, notwithstanding the high cost of "bangus" fry, the

gatherers thereof have not received their just and proportionate share

in the increment, because they have remained miserably paid for their

labor — the entire increment going, at it has always gone before, to the

concessionaires and middlemen; and

WHEREAS, it is the declared policy of the Government in the

New Society to spread the benefits accruing to any industry to all the

sectors thereof to hasten the narrowing of the gap between the rich and

the poor;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution,

hereby amend Presidential Decree No. 43 by adding the following

subparagraph to paragraph B, section 6 thereof:

"19. PRESCRIBE AND COLLECT FEES FOR THE ISSUANCE OF LICENSES OR

PERMITS, WITH OR WITHOUT A DEFINITE AREA OF COVERAGE, GRANTING FISHERY

PRIVILEGES SUCH AS CULTURING, CAPTURE OR GATHERING OF FISH OR FRY AND

FINGERLINGS OF ANY SPECIE OF FISH, OR FISHERY/AQUATIC PRODUCTS: PROVIDED,

THAT, WHEN DUE TO DESTRUCTION WROUGHT UPON FISHPONDS, FISHPENS OR FISH

NURSERIES, BY TYPHOONS, FLOODS AND OTHER FORTUITOUS EVENTS, OR DUE TO

SPECULATION, MONOPOLISTIC AND OTHER PERNICIOUS PRACTICES WHICH TEND TO

CREATE AN ARTIFICIAL SHORTAGE OF FRY AND/OR FINGERLING, THE SUPPLY OF

FISH AND FISHERY/AQUATIC PRODUCTS CAN REASONABLY BE EXPECTED TO FALL

BELOW THE USUAL DEMAND THEREFOR AND THE PRICE THEREOF, TO INCREASE, THE

SECRETARY, UPON THE RECOMMENDATION OF THE DIRECTOR, IS HEREBY AUTHORIZED

TO FIX A FAIR AND REASONABLE PRICE FOR FRY AND FINGERLING OF ANY SPECIE

OF FISH, AND, IN SO DOING AND WHEN NECESSARY, FIX DIFFERENT PRICE

LEVELS FOR VARIOUS AREAS OR REGIONS TAKING INTO ACCOUNT SUCH VARIABLE

FACTORS AS AVAILABILITY, ACCESSIBILITY TO TRANSPORTATION FACILITIES,

PACKING AND CRATING: PROVIDED, FURTHER, THAT THE PRICE SO FIXED

SHALL GUARANTEE THE GATHERERS OF FRY A JUST AND EQUITABLE RETURN FOR

THEIR LABOR: PROVIDED, FINALLY, THAT ANY ADMINISTRATIVE ORDER OF

SAID SECRETARY FIXING SUCH PRICE SHALL TAKE EFFECT IMMEDIATELY, THE

PROVISION OF ANY LAW TO THE CONTRARY NOTWITHSTANDING."

This Decree shall take effect upon its promulgation.

Done in the City of Manila, this 11th day of September, in the

year of Our Lord, nineteen hundred and seventy-four.

(Sgd.)

FERDINAND E. MARCOS

President of the Philippines

By the President:

(Sgd.)

ALEJANDRO MELCHOR

Executive Secretary

1 sections

Cite this law

AMENDING PRESIDENTIAL DECREE NO. 43 "PROVIDING FOR THE ACCELERATED DEVELOPMENT OF THE FISHERY INDUSTRY OF THE PHILIPPINES, "TO PROVIDE EFFECTIVE MEANS TO INSURE THE SUPPLY OF FISH AND FISHERY/AQUATIC PRODUCTS AT REASONABLE PRICES. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/pd-553

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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