Page:United States Statutes at Large Volume 48 Part 1.djvu/486

 460 Unrefined sugar. Allocation provisions. Gradu ated exp ort taxes. Sinking fund created therefrom, for liquidat- ing indebtedness . " United States," con- strued . Provisions pend ing final withdraw al of American sovereignty . Submission of Con- stitutional amend- ments. 73d C ONGRESS. SESS. II. CH. 84. MARCH 24, 1934 . in the case of unrefined sugar the amount thereof to be exported annually to the United States free of duty shall be allocated to the sugar-producing mills of the islands proportionately on the basis of their average annual production for the calendar years 1931, 1932, and 1933, and the amount of sugar froze each mill which may be so exported shall be allocated in each year between the m ill and the planters on the basis of the proportion of sugar to which the mill and the planters are respectively entitled. The government of the Philip- pine Islands is authorized to adopt the necessary laws and regulations for putting into effect the allocation hereinbef ore provided. (e) The government of the Commonwealth of the Philippine Islands shall impose and collect an export tax on all articles that may be exported to the United States from the Philippine Islands free of duty under the provisions of existing law as modified by the fore- goin g pr ovis ions of this sec tion, in clud ing the arti cles enu mera ted in s ubdi visi ons (a), (b), and (c ), within the limitations therein specified, as follows : (1) During the sixth year after the inauguration of the new gov- ernment the export tax shall be 5 per centum of the rates of duty which are required by the laws of the United States to be levied, col- lected, and paid on like articles imported from foreign countries ; (2) During the seventh year after the inauguration of the new government the export tax shall be 10 per centum of the rates of duty which are required by the laws of the United States to be levied, collected, and paid on like articles imported from foreign countries ; (3) During the eighth year after the inauguration of the new government the export tax shall be 15 per centum of the rates of duty which are required by the laws of the United States to be levied, collected, and paid on like articles imported from foreign countries ; (4) During the ninth year after the inauguration of the new government the export tax shall be 20 per centum of the rates of duty which are required by the laws of the United States to be levied, collected, and paid on like articles imported from foreign countries ; (5) After the expiration of the ninth year after the inauguration of the new government the export tax shall be 25 per centum of the rates of duty which are required by the laws of the United States to be levied, collected, and paid on like articles imported from foreign countries. The government of the Commonwealth of the Philippine Islands shall place all funds received from such export taxes in a sinking fund, and such funds shall, in addition to other moneys available for that purpose, be applied solely to the payment of the principal and interest on the bonded indebtedness of the Philippine Islands, its Provinces, municipalities, and instrumentalities, until such indebtedness has been fully discharged. When used in this section in a geographical sense, the term " United States " includes all Territories and possessions of the United States, except the Philippine Islands, the Virgin Islands, American Samoa, and the island of Guam. SEC. 7. Until the final and complete withdrawal of American sovereignty ov er the Philip pine Islands- (1) Every duly adopted amendment to the constitution of the government of the Commonwealth of the Philippine Islands shall be submitted to the President of the United States for approval. If the President approves the amendment or if the President fails to disapprove such amendmen t within six months front t he time of