Section 3
SEC. 3. The administration of this agency shall lie vested in a Sales Agency Hoard of five members, composed of the Secretary of Public Instruction, who shall be ex officio chairman, the Secretary of the Interior, the Secretary of Commerce and Police, one other member of the Philippine Commission, and one other person to be designated by the Governor-General, who shall be known as the Sales Agent. It shall be the duty of the Board to prepare and promulgate necessary rules and regulations for carrying out the purposes of this Act; to authorize the employment of such traveling agents, clerical force, and other labor as may be necessary; to authorize the expenditure of funds herein designated as available for the establishment, maintenance, and operation of the agency; to fix and regulate the rates of commission which the agency shall charge upon the different classes of transactions; to exercise general supervision over the affairs of the agency.