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Act No. 703 Section 36

Act No. 703 Section 36

Section 36

SEC. 36. The Manila Railway Company, Limited, shall pay into the Treasury of the Insular Government, as compensation for the granting of this franchise, one and one-half per cent upon the gross income received by it from the passenger and freight traffic upon said branch railway from Manila to Antipolo. Where receipts either from freight traffic or passenger traffic shall include transportation over part of the main line and the branch herein authorized, the receipts for traffic on the branch line shall be determined in proportion to the mileage. Said percentage of gross receipts shall be due and payable by the Manila Railway Company, Limited, monthly, and shall be in lieu of all taxes upon the privileges, earnings, income, and franchises of said railway company, from other tax upon and assessment upon which said railway company is hereby expressly exempted for twenty years from the passage of this Act.

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Other provisions in Act No. 703

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. 703 Section 36 (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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