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PHILIPPINE LAWS, STATUTES & CODES

Commonwealth Act No. 552

  PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

COMMONWEALTH ACTS





COMMONWEALTH ACT NO. 552

COMMONWEALTH ACT NO. 552 - AN ACT APPROPRIATING AMOUNTS FROM THE COCONUT OIL EXCISE TAX FUND COLLECTED ON AND AFTER JANUARY FIRST, NINETEEN HUNDRED AND THIRTY-NINE, FOR THE FISCAL YEAR ENDING JUNE THIRTIETH, NINETEEN HUNDRED AND FORTY-ONE

Section 1. Appropriation of funds. – The following sums, or so much thereof as may be necessary, are appropriated out of the collections that accrued and shall accrue to the Coconut oil Excise Tax Fund in the Philippine Treasury on and after January first, nineteen hundred and thirty-nine, for the purposes hereunder specified in conformity with the provisions of the Act of Congress of March twenty-fourth, nineteen hundred and thirty-four (Public Act No. 127, 73rd Congress), as amended by the Act of Congress of August seventh, nineteen hundred and thirty-nine (Public Act No. 300, 76th Congress):

OFFICE OF THE PRESIDENT

1. For scholarships in the United
States, or in foreign countries,
along scientific and technical lines
related to the development of
agriculture, commerce, and industries,
and other activities, and for expenses
of an economic commission to go
abroad to survey economic projects and
practices, that may help in the adjustment
of Philippine economy to a position
independent of trade preference in the
United States and otherwise prepare
the Philippines for the assumption of the
responsibilities of an independent state P150,000.00

2. For the promotion and development of
the tourist trade in the Philippines to be
undertaken by such department,
corporation, agency, or instrumentality of
the Government which the President of
the Philippines may designate:
Salaries and wages P19,000.00
Sundry expenses and equipment 51,000.00
Construction of rest houses in
Dansalan, Lanao, and Banaue,
Mountain Province. 30.000.00
–––––
Total 100,000.00
–––––
Total for the Office of the President 250,000.00

DEPARTMENT OF AGRICULTURE AND COMMERCE

3. For reforestation and afforestation of
watersheds, denuded areas and cogon
or open lands within forest reserves,
communal forests, national parks and
timberlands, sand dunes, and such
other areas already certified as public
forest lands, in accordance with the
provisions of Commonwealth Act No. 304:
Salaries and wages P91,300.00
Sundry expenses 8,700.00
–––––
Total P100,000.00
Less – amount to be covered
by expected savings from the
allotments of 1940 36,701.96
–––––
Net total P63,298.04

4. Additional appropriation to continue
the reforestation and afforestation of
watersheds, denuded areas and cogon
or open lands within forest reserves,
communal forests, national parks and
timberlands, sand dunes, and such
other areas already certified as
public forest lands, in accordance
with the provisions of Commonwealth
Act No. 304:
Salaries and wages P171,360.00
Sundry expenses 41,233.00
Furniture and equipment 6,290.00
Special purpose 8,000.00
––––––
Total P226,883.00
Less – amount to be covered
by expected savings from the
allotments of 1940 1,883.00
–––––
Net total P225,000.00

5. For the classification, survey, and
subdivision of agricultural lands of
the public domain, especially
those lying along national highways,
in accordance with the provisions of
Commonwealth Act No. 347:
Salaries and wages P975,420.00
Sundry expenses 283,045.00
Furniture and equipment 29,075.00
–––––
Total P1,287,540.00
Less – amount to be covered
by expected savings from the
allotments of 1940 P25,492.59
–––––
Net total P1,037,047.41

6. For the agronomical survey of the
Philippines, in accordance with the
provisions of Commonwealth Act No. 418:
Salaries and wages P167,280.00
Sundry expenses 71,100.00
Furniture and equipment 23,180.00
Total P261,560.00
–––––
To be covered by an additional
appropriation (100,000.00)
–––––
Net Total P161,560.00

7. Additional appropriation to continue
the agronomical survey of the Philippines
in accordance with the provisions of
Commonwealth Act No. 418
(see detail under item No. 6) 100,000.00

8. For the expenses of the
agricultural experiment and
demonstration stations under the
provisions of section 1754 of the
Administrative Code:
Salaries and wages 317,150.00
Sundry expenses 81,500.00
Furniture and equipment 57,250.00
Special purposes 44,100.00
–––––
Total 500,000.00
–––––
Total for the Department of
Agriculture and Commerce P2,086,905.45
––––––

DEPARTMENT OF PUBLIC WORKS AND COMMUNICATIONS

9. For the construction of national roads
as authorized in items 5, 11, 13, 36,
38, and 42, under section 1-C (q) of
Commonwealth Act No. 330 P2,500,913.40

10. For the construction of flood
control works on the Agno River
System and the Pampanga River
System as authorized in items D(w)
and D (x) under section 1 of
Commonwealth Act No. 330 4,000,000.00

11. For the construction of irrigation
systems as authorized by Commonwealth
Act No. 369 1,000,000.00
–––––
Total for the Department of Public Works
and Communications P7,500,913.40
––––––

GOVERNMENT CORPORATIONS

12. For additional outlay for the
special fund created in Commonwealth
Act entitled "An Act appropriating
amounts from the Coconut Oil Excise
Tax Fund collected on and after
January first, nineteen hundred and
thirty-nine, for the period from January
first, nineteen hundred and thirty-nine,
to June thirtieth, nineteen hundred and
forty", to be used for the establishment,
equipment, maintenance, and operation
of textile mills by any government-
owned corporation or any agency
or instrumentality of the Government
which the President of the Philippines may
designate P1,500,000.00

13. For additional outlay for the
special fund created in Commonwealth
Act entitled "An Act appropriating amounts
from the Coconut Oil Excise Tax Fund
collected on and after January first, nineteen
hundred and thirty-nine, for the period
from January first, nineteen hundred and
thirty-nine, to June thirtieth, nineteen hundred
and forty", to be used for the promotion of
the abaca industry by the National Abaca
and other Fiber Corporation, created under
Commonwealth Act No. 332, or any agency
or instrumentality of the Government which
the President of the Philippines may designate,
whose aims shall be to improve the quality of
abaca and to lower its cost of production and
marketing so as to adequately meet the
requirements of the local industry and
foreign markets, with a view to placing this
product in a position in dependent of trade
preferences in the United States and
otherwise so develop and adjust the
abaca industry as to contribute effectively
in strengthening the national economy of
the Philippines preparatory to the
assumption of the responsibilities of an
independent state P1,000,000.00

14. For additional outlay for the special
fund created in Commonwealth Act,
entitled "An Act appropriating amounts
from the Coconut oil Excise Tax Fund
collected on and after January first, nineteen
hundred and thirty-nine, for the period
from January first, nineteen hundred and
thirty-nine, to June thirtieth, nineteen hundred
and forty", to be used for the acquisition,
settlement, and cultivation of undeveloped
agricultural lands, for providing opportunity
to own farms to tenant farmers and small
farmers from congested areas, and for
encouraging migration to sparsely
populated regions and facilitating the
amalgamation of the people in
different sections of the Philippines,
for the purpose of developing new crops
that could take the place of the present
export crops which may suffer from
the loss of preferences which they enjoy
in the American markets and otherwise
help in the adjustment of the national
economy of the Philippines so as
prepare the latter for the assumption of
the responsibilities of an independent state,
such activities to be undertaken by the
National Land Settlement Administration,
created under Commonwealth Act No. 441,
or any agency or instrumentality of the
Government which the President of the
Philippines may designate 4,000,000.00

15. For additional outlay for the special
fund created in Commonwealth Act,
entitled "An Act appropriating amounts from
the Coconut Oil Excise Tax Fund
collected on and after January first,
nineteen hundred and thirty-nine, for
the period from January first, nineteen
hundred and thirty-nine, to June thirtieth,
nineteen hundred and forty", to be
administered by the Agricultural and
Industrial Bank of the Philippines, created
under Commonwealth Act No. 459, for
carrying out the following objectives:
(1) to grant agricultural loans; (2) to
grant industrial loans; (3) to establish
and operate bonded warehouses; and
(4) to subscribe for, and underwrite,
purchase, or guarantee bonds, issued
by non-governmental agricultural or
industrial concerns: Provided, That in
accomplishing the above enumerated
objectives the purpose shall be to adjust
the Philippine economy to a position
independent of trade preferences in the
United States and otherwise to prepare the
Philippines for the assumption of the
responsibilities of an independent state 10,000,000.00

16. For additional outlay for the special
fund created in Commonwealth Act,
entitled "An Act to establish the National
Coconut Corporation," to be used for
the promotion of the coconut industry
to be undertaken by any department,
office, government-owned corporation,
agency, or instrumentality of the
Government which may be created or
which the President of the Philippines
may designate, and whose aims shall
be to afford facilities for bona fide
production loans to Philippine copra
producers and to establish, keep,
maintain, and operate drying plants or
copra dries or coconut centrals with
a view to improving the production, and
maintaining facilities for the better curing
of copra, as well as coconut centrals for
the utilization of coconut products and
by-products in the Philippines for the
purpose of placing the coconut industry
in a position independent of trade
preferences in the United States 500,000.00

17. For additional outlay for the special
fund created in Commonwealth Act
entitled "An Act to establish the National
Tobacco Corporation", to be used for
the promotion of the tobacco industry
to be undertaken by any department,
office, government-owned corporation,
agency, or instrumentality of the
Government which may be created or
which the President of the Philippines may
designate, and whose aims shall be to improve
the quality and to lower the cost of
production and marketing of tobacco and
the products derived therefrom by providing
proper and adequate agencies for improving
the quality of the various types and
varieties of leaf tobacco grown in
commercial scale in the Philippines and for
merchandising and advertising leaf tobacco
and manufactured tobacco products, as
well as credit facilities for such agencies,
so as to adequately meet the requirements
of the local industry and foreign markets
with a view to placing the tobacco
industry in a position independent of trade
preferences in the United States and otherwise
so develop and adjust the tobacco
industry as to contribute effectively in
strengthening the national economy of the
Philippines preparatory to the assumption
of the responsibilities of an independent state 500,000.00

18. For the creation of a Sinking Fund
Reserve for the amortization of the
outstanding bonded debt of the Manila
Railroad Company for which no
sinking fund reserve has heretofore been
provided 7,000,000.00
––––––
Total for Government Corporations P24,500,000.00
––––––
GRAND TOTAL P34,337,818.85
=============

Section2. Reduction of appropriations previously authorized for the same purposes. – The appropriations authorized in prior Acts herein specified for the same purposes for which appropriations made in this Act are intended are reduced to the extent of the amounts of the latter.

Section3. Investment of Sinking Fund Reserve. – The Treasurer of the Philippines is authorized to invest the whole or any part of the Sinking Fund Reserve created in item 18 of section one hereof in accordance with the provisions of Act Numbered Three thousand fourteen. All expenses in connection with such investment shall be charged against the said sinking fund reserve.

Section4. Reversion of unexpired balances. – Any balance of the appropriations herein provided remaining unexpended at the end of the fiscal year for which authorized shall continue to be available for expenditure for the same purposes during the subsequent fiscal years until exhausted or the work or purposes for which the appropriation was made has been completed or accomplished. In the latter case, such unexpired balance shall revert to the un-appropriated surplus of the fund.

Section5. Authority of the President to transfer amounts. – The President of the Philippines is authorized to transfer any amount appropriated for any item or portion thereof in any purpose to any other item or items under the same purpose.

Section6. Suspension of expenditure of appropriations. –The President of the Philippines is authorized to suspend or otherwise stop the expenditure of any amount herein appropriated for any purpose, or any portion thereof, whenever in his opinion the public interest so requires, and thereupon the funds affected by such action shall become available for any other expenditure authorized in this Act as the President may determine.

Section7. Authority to purchase automobiles, auto-jitneys, or station wagons. – When expressly authorized by the President of the Philippines, the appropriations authorized in items 13, 14, 15, 16, and 17 of section one hereof may be used for the purchase of automobiles, auto-jitneys, or station wagons.

Section8. Purpose for which appropriations may be used. – The amounts appropriated in this Act shall be used for the purpose of meeting new or additional expenditures necessary in adjusting Philippine economy to a position independent of trade preferences in the United States and in preparing the Philippines for the assumption of the responsibilities of an independent state, and shall be accounted for separately from other moneys of the Government of the Commonwealth of the Philippines: Provided, That no part of the appropriation herein authorized shall be paid directly or indirectly as a subsidy to the producers or processors of copra, coconut oil, or allied products, except that this provision shall not be construed as prohibiting the use of a portion of said appropriation for facilities for better curing of copra, or for bona fide production loans to Philippine copra producers.

Section9. Effective date. – This Act shall take effect on July first, nineteen hundred and forty.
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Since 19.07.98.





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