Section 2
SEC. 2. Section three of Act Numbered Thirty hundred and ninety-seven is hereby amended to read as follows: "SEC. 3. Firearms license fees.—Any person holding a license to possess a firearm in accordance with section eight hundred and eighty-eight of the Administrative Code, as amended, shall pay the following initial and annual fees: For each shotgun held on license: Initial fee P10.00 Annual fee 5.00 For each high-power rifle held on license: Initial fee 15.00 Annual fee 5.00 For each revolver held on license, except caliber twenty-two revolver: Initial fee 10.00 Annual fee 5.00 For each rifle held on license, except caliber twenty-two rifles: Initial fee 10.00 Annual fee 5.00 Provided, however. That bona fide and active members of duly organized gun clubs and accredited by the Chief of Staff of the Philippine Army shall pay an initial fee of five pesos and an annual fee of two-pesos for each firearm held on license, caliber twenty-two revolver or rifle being "exempted therefrom.