Section 3
SEC. 3. The President may grant to such office or agency, or to the contractor mentioned in the preceding section the following rights and privileges: Necessary rights over an area or areas for investigation within the Surigao Mineral Reservation; Exemption from laws and regulations relating to: (a) importation of machinery, equipment, accessories, spare parts, and/or supplies and materials necessary for or in connection with said operation or processing of minerals; (b) exportation of such machinery and equipment which were imported solely for construction and installation purposes in connection with the aforesaid operation and processing, and which are no longer needed in the operation; Exportation of mineral products produced by the operations: Provided, That all domestic requirements for the same shall have first been satisfied; Importation of highly technical and specialized personnel and executive staff, who may exercise without examination or certification their profession solely for this undertaking subject to such regulations as may be prescribed by the office or agency to be created and designated, and who may receive not more than fifty per centum (50%) of their annual compensation in foreign exchange: And, provided, That if the alien technicians lose their employment, the applicable laws and regulations on immigrants shall apply to such alien technicians and their immediate families; and Gratuitous use of timber and water for: mining processing purposes from the Surigao Mineral Reservation.