Section 2
SEC. 2. Section thirteen of said Act Numbered Thirty hundred and two, as amended, is hereby amended to read as follows: "SEC. 13. Said Bureau of Customs is hereby authorized, whenever in its judgment the receiving, handling, custody, and delivery of merchandise intended for importation or exportation in the port of Manila and other ports of entry can be carried on with greater efficiency, to sell, lease or otherwise dispose of any plant and equipment owned or which may hereafter be acquired by the Government of the Philippines for the receiving, handling, custody, and delivery of merchandise in the port of Manila and other ports of entry, to private persons, associations, or corporations, on such terms as may be deemed most advantageous, subject to the approval of the Secretary of Finance; and to make contracts with such persons, associations, or corporations for the receiving, handling, custody, and delivery of merchandise in the port of Manila and other ports of entry, which contracts shall contain conditions regarding access to the customs premises, subject to the control of the customs authorities, charges for the services rendered by the contractor, security to be given for the efficient handling, custody, and delivery of the merchandise and the prompt payment of all losses thereof, as may be agreed upon between the Bureau of Customs and the contractor, subject to the approval of the Secretary of Finance."