Act No. 2924 Section 4

Section 4

SEC. 4. The provisions regarding the legal currency reserve against the circulation of notes and those regarding the acceptance by the Government of the Philippine Islands of notes issued by the National Bank in payment of all public taxes, dues or other claims due or owing to said Government, are hereby made applicable to the notes issued under this Act: Provided, however, That five per centum of the reserve against the circulating notes issued under this Act shall be deposited in legal money with the Insular Treasurer.

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Other provisions in Act No. 2924

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2924 Section 4 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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