Section 4
SEC. 4. Whenever the Secretary of Finance shall be of the opinion that there is good reason for believing that the probable revenues of the Insular Treasury will not be sufficient to cover the expenditures provided for in this Act, he shall report the fact to the Governor-General, who may direct the emergency board to consider the condition of funds existing in the Insular Treasury, the expenditures already made and to be made, and the probable revenues until the end of the fiscal year for which this Act has been passed, and to propose adequate measures to reduce the expenditures in order that they may be met out of the funds in the Insular Treasury and the probable revenues for the rest of the year. The board shall report to the Secretary of Finance the result of its deliberations as soon as possible and make such recommendations as it may deem wise. In accordance with the report of the board, the Secretary of Finance may propose the temporary or definitive suspension to the end of the fiscal year for which this law has been enacted, of the payment of the expenses of any Bureau or Office, to an amount not to exceed thirty per centum of the sum appropriated for such Bureau or Office, and such proposition shall have the effect of law as soon as it shall have been approved by the presiding officers of both Houses and concurred in by the Governor-General.