Section 1
SECTION 1. The Civil Aeronautics Administration is hereby authorized and empowered to determine and impose retaliatory or compensating charges, fees and rentals on foreign airlines whose countries impose excessive or discriminatory charges, fees and rentals upon the Philippine air carriers, equal to the amount of the excessive, or discriminatory charges, fees and rentals imposed, directly or indirectly, by such foreign countries on the Philippine air carriers. Such charges, fees and rentals shall be deemed excessive or discriminatory when they unreasonably exceed comparable charges, fees and rentals in the Philippines. The amounts collected by the Civil Aeronautics Administration from such retaliatory or compensatory charges, tees and rentals shall accrue to a revolving fund from which payments shall be made to the Philippine air carriers affected in such amounts as would adequately compensate such carriers for the excessive or discriminatory charges, fees and rentals paid to the foreign countries involved, and the balance of the fund, if any, shall be utilized by the Civil Aeronautics Administration for the construction, repair, maintenance and improvement of the Manila International Airport and other airports and their related facilities and for no other purpose.