Page:United States Statutes at Large Volume 53 Part 2.djvu/757

 53 STAT.] 76TH CONG. , 1 ST SESS.- CH. 502-AUG. 7, 1939 state: Provided,however, That the portion of such funds expended by the Government of the Commonwealth of the Philippines shall be budgeted, appropriated, and accounted for separately from other moneys of that Government. "(b) If the President of the United States finds that the Govern- ment of the Commonwealth of the Philippines has failed or is about to fail to comply with any requirement of subsections (a) and (c) of this section, he shall direct the Secretary of the Treasury of the United States to withhold or discontinue, during any period or periods of time specified by the President of the United States further payments in whole or in part. "(c) The provisions contained in section 2476 of the Internal Revenue Code (I. R. C ., ch. 21, sec. 2476), prohibiting further pay- ments in the event that the Government of the Commonwealth of the Philippines should provide by law for the subsidization of producers of copra, coconut oil, or allied products, and the provisions contained in the Sugar Act of 1937, specifying the purpose for which such appropriations could be used by the said government and the manner and condition of transfer, shall not apply to any moneys collected or appropriated pursuant to said Acts on or after January 1, 1939, and to this extent are hereby repealed: Provided, however, That the restriction contained in the proviso to section 503 of the Sugar Act of 1937 shall continue in full force and effect: And provided further, That no part of the proceeds of the excise taxes herein referred to 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 funds for facilities for better curing of copra, or for bona fide production loans to Philippine copra producers. "(d) Nothing contained herein shall be construed as obligating the United States to continue for any period of time any or all of the excise and import taxes imposed by sections 2470, 2490, 2491 of the Internal Revenue Code or by sections 3490, 3500, 3501 of the Internal Revenue Code (I. R. C., ch. 32, sees. 3490, 3500, 3501). "(e) Notwithstanding the provisions of section 4 of the Act of March 8, 1902 (32 Stat. 54), or of any other provision of law, on or after the first day of the second month following the passage of this amendatory Act, except as otherwise provided in this section, all customs duties collected in accordance with sections 6 and 13 of this Act, on any article the growth, produce, or manufacture of the Philip- pines, in the production of which no materials of other than Phil- ippine or United States origin valued in excess of 20 per centum of the total value of such article, was used and which is brought into the United States from the Philippines, and all customs duties col- lected on any other article brought into the United States from the Philippines, shall be covered into the general fund of the Treasury of the United States and shall not be paid into the Treasury of the Philippines." SEc. 7. (a) Sections 1 to 5, inclusive, of this amendatory Act shall become effective on January 1, 1940, if before that date- (1) Subsection 5 of section 1 of the Ordinance Appended to the Constitution of the Philippines shall have been amended in the manner now provided by law, by changing the final period of said subsection to a comma, and by adding thereto the words: "as amended by the Act of Congress of the United States approved (followed by the date of the approval of this amendatory Act)", and section 3 of the said ordinance shall have been amended by inserting immedi- ately after the words "approved March 24, 1934" the same amenda- tory language mentioned above. 1233 Proviso. Accounting. Withholding of pay- ments for not comply- ing with prescribed requirements. Certain restrictions not to apply to collec- tions on or after Jan. 1, 1939. Ante, p. 265. 1. R. C. §2476. 50 Stat. 903, 915. 7U.S. C., Supp.IV, S 1100-ll83 . Provisos. Restriction on sugar- cane production or processing payments. 50 Stat. 915. Subsidies to pro- ducers of copra, etc., restricted. Exceptions. Continuance of cer- tain excise and import taxes not to be con- strued. nite, pp. 264, 2f7. 426, 428. 1. R. C. §§ 2470, 2490, 2491, 3490, 3.10),
 * 13501.

32 Stat. 54. 19 UI.S .C. 123na. i('lstonls dulties (ii certain I'hiilippine ar- ticls Io he covired into genlral fnlll of Unilil States Treasury. Ante, pp. 122, 1231. Time when sections 1-5 become effective. OrdinanceAppended to Constitution of the Philippines, amend- ments.

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