Section 2
SEC. 2. For the purpose of facilitating the more efficient discharge of the functions of the Insular Government with respect to the circulation of the currency provided for by the said Act of Congress approved March second, nineteen hundred and three, and for the purpose of maintaining the parity therein directed, there is hereby created a division in the Bureau of the Insular Treasury to be known as the Division of Currency. The Chief of the Division shall be appointed by the Civil Governor, by and with the advice and consent of the Commission, and shall receive an annual salary of six thousand pesos, Philippine currency. He shall have under him to assist him in the discharge of his duty such accountants and clerical assistants as may be approved by the Insular Treasurer and as shall be authorized by law.