Section 4
SEC. 4. Section three-A of the same Act is hereby amended to read as follows: "SEC. 3-A. Only Filipino 'citizens, partnerships, cooperatives, associations or private corporations organized under the laws of the Philippines, at least seventy per centum of the outstanding and paid-up capital of which is owned and held by citizens of the Philippines, such proportion to be maintained until such time as the loan is fully paid and whose capital structure is open to public participation are qualified to borrow from Government financial institutions the proceeds of loans, credits or indebtedness incurred under authority of this Act. "Failure of the private borrower to maintain the capital ownership requirement stipulated herein, throughout the period that any part of a loan remains outstanding, shall render the entire loan immediately due and demandable, together with all interests and penalties, plus an additional special penalty of two per centum of the total amount due for every month or fraction, thereof that the violation of the capital ownership requirement continues to subsist."