Section 2
SEC. 2. When such funds are invested in the bonds of the issue to which the fund pertains, said bonds may upon the recommendation of the Secretary of Finance and the approval of the Governor-General, be cancelled. In reckoning the amount in the sinking fund, credit shall be "mount-taken for the face value of bonds of the issue pertaining to the fund, whether cancelled or held in the fund, and such bonds, whether cancelled or carried in the fund, shall be regarded as outstanding within the meaning of the law fixing the amount of the sinking fund.