Section 1
SECTION 1. There is hereby declared a grave national emergency in the sugar industry, necessitating its revitalization by way of an industry rationalization program to be promulgated by the Philippine Sugar Commission, subject to the approval of the President of the Philippines. The sugar industry rationalization program shall take into account the promotion of the interests of sugar planters, millers, workers and consumers alike. For this purpose, the Philippine Sugar Commission is hereby reorganized in the manner set forth in the succeeding sections hereof.