Section 1
SECTION 1. The National Development Company is here by authorized and directed to classify buntal fiber, and to fix a minimum unit price for each class of buntal fiber, based upon the average price thereof during the preceding five years. Should local demand for buntal fiber fall below the supply, the excess fiber shall be acquired by the National Development Company for a price not less than the minimum price therefor, as fixed by it, an may be exported or otherwise disposed of by said company, all provisions, of existing laws to the contrary notwithstanding.