Section 3
SEC. 3. No moneys appropriated in this Act, except where otherwise expressly provided herein, are available for withdrawal in other than United States currency or Philippines currency, at the option of the Insular Treasurer. In any case where it appears to the satisfaction of the Secretary of Finance and Justice that any obligation of the Philippine Government, entered into by contract or otherwise, is legally payable only in Mexican or Spanish-Filipino currency, and the appropriation available therefor is in United States currency or Philippines currency, the Secretary of Finance and Justice may authorize the Insular Treasurer to transfer to the proper disbursing officer the amount of Mexican or Spanish-Filipino currency required for said payment, in exchange for the equivalent amount in United States currency or Philippines currency at the authorized rate of exchange at the time such exchange is made. Xotice of such exchange with the authority therefor shall be given forthwith to the Auditor by the Treasurer and the disbursing officer concerned. All moneys appropriated prior to the fiscal year nineteen hundred and four paid out of the Treasury after July first, nineteen hundred and three, shall be payable only in United States currency or Philippines currency, at the option of the Insular Treasurer: Provided, however, That exchange between Mexican or Spanish-Filipino currency and United States or Philippines currency may be had as provided in this section.