Sec. 2. All barter permits or licenses issued after January twenty-six, nineteen hundred fifty-nine are hereby declared cancelled and of no force and effect: Provided, however, That all applications processed and favorably acted upon by the Screening Board of the No-Dollar Import Office in meetings prior to January twenty-six, nineteen hundred fifty-nine may be reviewed and approved by a Committee composed of the Chairman of the National Economic Council, who shall act as chairman, and the Secretary of Justice and the Governor of the Central Bank, as members.

Sec. 3. The officials, employees or laborers who may be separated from the service owing to the repeal of Republic Act Numbered Fourteen hundred ten shall be entitled to the commutation of the money value of the vacation and sick leaves of officials, employees or laborers of the offices operating under the said Act so separated from the service and who are entitled to retire under the Osme Retirement Law (Act No. 2589, as amended) or under Republic Act Numbered Six hundred sixty, as amended, and shall be so retired upon the payment of the obligation of such offices to the Government Service Insurance System subsisting under said Republic Act Numbered Six hundred sixty, as amended, on the date of the approval thereof. Those who may not be retired under the aforesaid laws shall be entitled to gratuity, which shall be paid in one lump sum, equivalent to one month's salary for every year of continuous, satisfactory service rendered in the said offices and in any other government agencies and instrumentalities on the basis of the last salary received by them, but nor exceeding twelve months in the aggregate: Provided, That any official, employee or laborer who has rendered less than one year of service shall be entitled to gratuity equivalent to one month's salary: Provided, further, That in case of subsequent reinstatement in the government service or in any government-owned or controlled corporation of any such official, employee or laborer who has been paid gratuity and for the money value of vacation and sick leaves, he shall refund to the National Government the value of the unexpired portion of his vacation and/or sick leaves, if any, and the value of the gratuity which he would not have received had it been payable to him in monthly installments.cralaw

Sec. 4. The invalidity of any part or provision of this Act or of its applicability to any person or to any circumstance shall not affect the validity of the other provisions or of their applicability to other persons or circumstances.cralaw

Sec. 5. This Act shall take effect upon its approval.cralaw

Approved: June 19, 1959.