Section 1
Sec. 1. The President of the Philippines, either directly or through any department, bureau, office or instrumentality of the National Government which he may designate for the purpose, is authorized to make the allocation and reallocation of the quotas established for the Philippines by Public Act Numbered One hundred and twenty seven of the Congress of the United States, approved March twenty-four, nineteen hundred and thirty-four, as amended by Public Act Numbered Three hundred of the Congress of the United States, approved August seven, nineteen hundred and thirty-nine, such quotas to be allocated, reallocated and administered in accordance with the provisions of the aforesaid Act. The President of the Philippines is authorized to tissue and promulgate such rules and regulations as may be necessary for the proper allocation, reallocation and administration of said quotas.