Section 3
SEC. 3. There is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, the sum of seven hundred fifty thousand pesos or so much thereof as may be necessary, to be used for the payment, with interest at the rate of four and one-half per cent per annum, to the Maao Sugar Central Co., Inc., its successors and assigns, of such sums as the said corporation may have advanced for the work of development and improvement of the Port of Pulupandan as set forth in subsection (b) section one hereof. The payments herein provided shall be made from time to time upon the certificate of the Director of Public Works as to the value of the work accomplished in accordance with the usual practice followed on other Government constructions: Provided, That there shall be available for payment for each year the sum of one hundred fifty thousand pesos only: And provided, further, That interests of the sum to be advanced shall be computed and paid in accordance with the usual commercial practice governing bank overdrafts.