SECTION 1. Section eight of Commonwealth Act Numbered Four hundred fifty-two, otherwise known as the Pasture Land Act, is hereby amended to read as follows:
"SEC. 8. Before any lease or permit is issued under provisions of this Act, the applicant may, as guaranty good faith in filing his application and tor the satisfy compliance with the terms and conditions of the lease or permit and the payment of rental charges due thereon, be required to deposit with the Director of Forestry a cash bond, a Philippine National Bank Bond, or a bond of the of the Government of the Philippines, or any political subdivision thereof in any amount to be determined by the Director of Forestry with the approval of the Secretary of Agriculture and Commerce. In case the bond required exceeds two hundred pesos, a bond duly executed by a reputed surety company may be accepted, but in such case it shall e increased by not less than twenty-five per centum nor more than seventy-five per centum in the discretion of the Director of Forestry. The bond may be confiscated by the Government in case of any violation on the part of the lessee or permittee of any of the terms of the lease or permit.
"Within one year from the approval of the lease or permit, the lessee or permittee shall put up at least one head of large cattle belonging to him for every five hectares of pasture land applied for: Provided, That the lessee or permittee shall at all times keep the number required. Failure to do so shall cause the automatic cancellation of the lease or permit."