CA 302 Section 9

Section 9

SEC. 9. The grantee shall keep a separate account of the gross receipts of the business transacted by it in the Phil­ippines, and shall furnish to the Auditor General and the Treasurer of the Philippines a copy of such account not later than the thirty-first day of January of each year for the preceding year. For the purpose of auditing ac­counts so rendered to the Auditor General and the Treasurer of the Philippines all of the books and accounts of the grantee or duplicates thereof, so far as they relate to the business transacted in the Philippines, shall be kept in the Philippines, and shall be subject to the official inspection of the Auditor General or his authorized representatives, and the audit and approval of such accounts shall be final and conclusive evidence as to the amount of said gross receipts, except that the grantee shall have the right to appeal to the courts of the Commonwealth of the Phil­ippines, under the terms and conditions provided in the laws of the Commonwealth of the Philippines, and the , words "gross receipts" are herein denned as the total re­ceipts from sources within the Philippines, less propor­tionate amounts belonging to connecting lines or stations.