Section 5
SEC. 5. The blocked deposit balances of the Commonwealth Government, cities, provinces, and municipalities, remaining after effecting the writeoffs as hereinbefore provided, shall stand as a credit balance in favor of the respective entities; Provided, That during a period of one year from the date of the approval of this Act, these deposit balances shall remain blocked and shall be available to cover such further deficiencies which during the said period may be disclosed or ascertained; Provided, further, That any further adjustments shall become effective only upon approval of the Secretary of Finance; And provided, finally,That said deposit balances may, within said period of one year, be withdrawn under licenses to be issued by the Secretary of Finance, upon the recommendation of the Bank Commissioner.