Section 5
SEC. 5. The following sums are hereby appropriated for the payment of the shares to be purchased by the Government of the Philippine Islands. (a) The sum of one million three hundred thousand pesos which is hereby appropriated out of any funds in the Insular Treasury not otherwise appropriated; (b) One million pesos, on or before July thirty-first, nineteen hundred and sixteen, and another one million pesos on or before January thirty-first, nineteen hundred and seventeen, which shall be invested from the insurance fund created by Act Numbered Seventeen hundred and twenty-eight, the public works bonds sinking fund, created by Act Numbered Seventeen hundred and twenty-nine, and the friar lands bonds sinking fund, created by Act Numbered Twenty-five hundred and fifty: Provided, however, That should in any year the interest earned by stock held for the benefit of such funds not equal at least four per centum per annum, the Insular Treasurer shall pay r into each of such said funds the sum necessary from any v money not otherwise appropriated in the Insular Treasury, and for this purpose there is hereby appropriated such amount or amounts as may be necessary to make the earnings of such sum or sums so invested in National Bank stock equivalent to four per centum per annum of the funds so invested; but should in any succeeding year the sum earned by such investments of the proceeds of the funds herein described in the stock of the National Bank exceed four per centum per annum on the amount or amounts so invested, the Insular Treasury shall be reimbursed from the earnings in excess of four per centum per annum for any money paid into such funds in accordance herewith: And provided further, That at such time as the Governor-General shall direct, not later than five years before the payable date of such bonds, the stock of the National Bank purchased for the benefit of said funds shall be purchased by the Government from any funds of the Philippine Government not otherwise appropriated at a price not less than the par value of such stock plus such portion of the surplus earned by said National Bank stock ratable to the stock issued, and such sum or sums as may be necessary for such purposes are hereby appropriated. There is hereby created a continuing appropriation from a any funds in the Insular Treasury not otherwise appropriated, as follows: On January thirty-first, nineteen hundred and seventeen, and on each succeeding anniversary thereof, to and including January thirty-first, nineteen hundred and twenty-one, one million pesos, which sums as appropriated shall be invested by the Insular Treasurer -without further authorization in the stock of the National Bank herein created. The foregoing appropriations in this section provided shall be considered payments finally to complete the purchase of the said one hundred and one thousand shares of the stock of the National Bank which the Government of the Philippine Islands is obligated to purchase under section four of this Act: And provided further, That the voting power of all stock purchased directly by the Philippine Government as an investments from the general funds of the Government, and the voting power of all stock purchased for the benefit of the insurance fund, of the public works bonds sinking fund, and of the friar lands bonds sinking fund, shall be vested j exclusively in the Governor-General.