Section 2
Sec. 2. The Corporation shall serve as an agency of the Commonwealth the Government for the attainment of the following objectives: To facilitate the acquisition,settlement and cultivation of lands whether acquired from the Government or-from private parties; To afford opportunity to own farms to tenant farmers and small farmers from congested areas, and to trainees who have completed the prescribed military training. To encourage migration to sparsely populated regions, and facilitate the amalgamation of the people:in different sections of the Philippines; To develop.new money crops to take the place of the present export.crops which may suffer from the loss of preferences which they enjoy: in the 'American market.