Section 8
SEC. 8. (a) Article VII, Chapter 41, of the Revised Administrative Code is hereby amended by adding a new section which shall read as follows: "SEC. 1626-A. The provisions of existing law to the contrary notwithstanding, The National Treasurer is directed to use an amount not in excess of fifteen million United States dollars of the 'Treasury Certificate Fund' established in this Article to pay the subscription of the Commonwealth of the Philippines to the Fund. The investment of the Commonwealth of the Philippines in the Fund shall be deemed a part of the 'Treasury Certificate Fund' and any repayment of the principal of said investment shall be payable only to the Treasury Certificate Fund.'" (b) The sum of six million pesos is hereby appropriated out of any funds in the National Treasury not otherwise appropriated, for the payment of the first part of the subscription of the Commonwealth of the Philippines to the Bank. The Secretary of Finance is auhorized to issue special notes of the Commonwealth of the Philippines from time to time at par and to deliver such notes to the Bank in payment of the first part of the subscription to the Bank to the extent permitted by the Areticles of Agreement of the Bank. The notes in which such payment maybe made, shall bear no interest, shall be non-negotiable, and shall be payable on demand of the Bank out of the funds herein appropriated. The Commonwealth of the Philippines guarantees the payment of the remaining part of its subscription to the Bank as called by the Bank. (c) Any payment made to the Commonwealth of the Philippines by the Fund or the Bank as a distribution of net income shall be covered into the National Treasury as a miscellaneous receipt. In the event of the liquidation of the Bank, the amounts due the Commonwealth of the Philippines as a result of its investment in the shares of the Bank shall be covered into the National Treasury as a miscellaneous receipt. OBTAINING AND FURNISHING INFORMATION