Section 2
SEC. 2. To carry out the above policy, there is hereby created a Price Control Council (hereinafter referred to as the "Council"), which shall be composed of the Secretary of Commerce and Industry, the Secretary of Agriculture and Natural Resources, the Secretary of Health, the Chairman of the National Economic Council, and three representatives of consumers one of which shall be from qualified nominees of nationwide government employees' organization, the second from qualified nominees of the private labor sector and the third from qualified nominees of nationwide women's organization, who shall be appointed by the President of the Philippines with the consent of the Commission on Appointments and who shall have the following qualifications: a natural-born Filipino citizen; at least thirty years of age; and not connected with the production, supply, distribution or marketing of any of the items mentioned in Section One: Provided, That the above-named government officials, except the Chairman, may authorize their respective undersecretaries to represent them in the meetings of the Council. A majority of the members shall constitute a quorum and four affirmative votes shall be necessary for any action or decision of the Council: Provided, further, That the representative of consumers shall receive as emolument or compensation for services rendered to the Council a per diem of P50.00 for every meeting attended: Provided, finally, That the total emolument or compensation that may be received by said representative of the consumers shall not exceed the amount of P1,000.00 a month. The Council shall elect the Chairman from among themselves. The Director of Commerce shall serve as the Executive Director of the Council and the Bureau of Commerce (hereinafter referred to as the "Bureau ) shall provide staff support to the Council. Within 10 days after the assumption of office of the Chairman or any member of the Council, the members thereof including the Executive Director of the Council shall submit a statement of their assets and/or liabilities and a full and fair disclosure of all their interests and professional connections as of the date of their assumption of office. A copy each of said statements shall be filed with the office of the Secretary of the Senate and with the Office of the Secretary of the House of Representatives. In each province and chartered city, there shall be a local price council whose composition, functions and scope of authority shall be determined by the Price Control Council, and which shall be under its immediate control and supervision: Provided, That the government employees, the private labor sector and the women's organization in the area are each represented therein.