Section 1
Sec. 1. To.compensate the provinces, subprovinces, chartered cities, municipalities, and municipal districts, for the loss which they incur in their respective revenues on account of the abolition of the cedula tax, there is appropriated, out of any funds in the Treasury of the Philippines not otherwise appropriated, the sum of two million nine hundred seventy-five thousand pesos, or so much thereof as may be necessary, to be distributed by the Secretary of Finance among the provinces, subprovinces, chartered cities, municipalities,and municipal districts en the basis of their shares in the proceeds of the cedula tax collected during the year nineteen hundred and thirty-seven.