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):
DEPARTMENT OF AGRICULTURE AND COMMERCE
1. 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 other public forest lands, in accordance with the provisions of Commonwealth Act Numbered Three hundred and four:
Salaries and wages
P773,930.00
Sundry expenses
69,280.00
Furniture and Equipment
6,130.00
Special purposes
31,260.00
Total
P880,600.00
2. For the classification, survey, and subdivision of agricultural lands of the public domain, specially those lying along national highways, in accordance with the provisions of Commonwealth Act Numbered Three hundred forty-seven:
Salaries and wages
P1,036,610.00
Sundry expenses
293,430.00
Furniture and equipment
42,660.00
Total
1,372,700.00
3. For the agronomical survey of the Philippines in accordance with the provisions of Commonwealth Act Numbered Four hundred eighteen:
Salaries and wages
P51,600.00
Sundry expenses
25,400.00
Furniture and equipment
11,440.00
Total
88,440.00
4. For the establishment and operation of agricultural experiment and demonstration stations in accordance with the provisions of section one thousand seven hundred fifty-four of the Adminidtrative Code:
Slaries and wages
P104,400.00
Sundry expenses
56,450.00
Furniture and equipment
94,400.00
Special purposes
244,750.00
Total
500,000.00
Total for the Department of Agriculture and Commerce
P2,841,740.00
DEPARTMENT OF PUBLIC WORKS AND COMMUNICATIONS
5.
For the construction of national roads as authorized in items 1, 2, 3, 4, 6, 7, 9, 10, 11, 15, 18, 19, 21, 22, 23, 24, 25, 26, 27, 28, 30, 31, 32, 36, 39, 46, 50, and 51 undred section 1-C (q) of Commonwealth Act Numbered Three hundred thirty
P6,781,500.00
6.
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 one of Commonwealth Act Numbered Three hundred thirty
2,000,000.00
7.
For the construction of irrigation systems as authorized by Commonwealth Act Numbered Three hundred sixty-nine
1,270,000.00
Total for the Department of Public Works and Communications
P10,051,500.00
GOVERNMENT CORPORATIONS
8.
For the creation of a special fund 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, this appropriation to be available to cover the expenses of the National Development Company in conformity with the provisions hereof prior to the approval of this Act: Provided, That all income or receipts derived from the operation of the special fund herein created shall accrue to and form part of the same and shall accrue to and form part of the same and shall be available for expenditure and/or investment for the same purposes herein provided
P2,000,000.00
9.
For the creation of a special fund to be used for the promotion of the abaca industry by the National Abaca and Other Fibers Corporation, created under Commonwealth Act Numbered Three hundred thirty-two, or any agency or instrumentality of the Government which the President of the Philippines may designated, 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 rquirements of the local industry and foreign markets, with a view to placing this product in a position independent 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, this appropriation to be available to cover the expenses incurred by the National Abaca and Other Fibers Corporation in conformity with the provisions hereof prior to the approval of this Act: Provided, That all income or receipts derived from the operation of the special fund herein created shall accrue to and form part of the same and shall be available for expenditure and/or investment for the same purposes herein provided
2,550,000.00
10.
For the creation of a special fund to be used for aquisition, 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 to prepare the latter for the assumption of the responsibilities of an independent state, such activities to be under taken by the National Land Settlement Administration, created under Commonwealth Act Numbered four hundred forty-one, or any agency or instrumentality of the Government which the President of the Philippines may designated, this appropriation to be available for expenses that were incurred by the National Land Settlement Administration in conformity with the provisions hereof prior to the approval of this Act: Provided, That all income or receipts derived from the operation of the special fund herein created shall accrue to and form apart of the same and shall be available for expenditure and/or investment for the same purposes herein provided
4,000,000.00.
11.
For the establishment of a special fund to be adminitered by the Agricultural and Industrial bank of the Philippines, created under Commonwealth Act Numbered four hundred and fifty-nine, 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, underwrite, purchase or guarantee bonds issued by non-governmental agricultural or industrial concerns: Provided, That out of the amount appropriated herein, a sum not to exceed P15,000,000 may be invested as capital stock of the said Agricultural and Industrial Banl of the Philippines but the use of such investment shall be limited to the purpose herein authorized: Provided,further, That in accomplishing the above enumerated objectives the purpose shall be to adjust 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: Provided,finally, That all income or receipts derived from the operation of the special fund herein created shall accrue to and form part of the same and shall be available for expenditure and/or investment for the same purposes herein provided
25,000,000.00
Total for Government corporations
P33,550,000.00
Grand total
P46,443,240.00