Annual concession fee.
Section 43
SEC. 43. Annual concession fee.—An annual concession fee at the rate of not exceeding one hundred pesos per square kilometer which shall be due on the first of January of each year, and, if tendered in quarterly installments, on or before the twentieth of January, April, July and October, or on or before the last days of said months in remote provinces, in the discretion of the Secretary of Agriculture and Natural Resources, shall be received without penalty. If the fee due on any concession is not paid within the period in which the payment may be received without penalty, the amount of the same shall be increased by ten per centum, the increment to be part of the fee. Should the concession fee remain delinquent fifty days after the same becomes due, the concession shall be cancelled, without prejudice to criminal proceedings against the delinquent concessionaire, under the penal provisions of this Act. Of the sums collected under and by virtue of this section, twenty per centum shall accrue to the Insular Treasury and forty per centum to the province and municipality, respectively, in which the concession is located. In case a concession should be included within two or more provinces or municipalities, the distribution between the different provinces and municipalities shall be made in proportion to the areas of the concessions included within the respective provinces and municipalities as aforesaid.