Section 5
SEC. 5. The following provisions shall guide the relationship between the Government and the private enterprise holding the minority capital stock and/or its approved contractor as provided for in Section three hereof: Any minority stockholder and/or contractor may be authorized to repatriate not more than eighty per centum (80%) of the duly authorized and recognized foreign capital investments, plus interest, within five (5) years from the first year of actual commercial production, and to remit to non-resident investors abroad profits or dividends, out of current and annual profits or dividends: Provided, That the total repatriation of foreign investments herein authorized plus the total remission of profits or dividends for any year shall not exceed fifty per centum (50%) of the percentage contribution to the total capital investment: And provided, further, That the repatriation of the remaining duly authorized and recognized foreign capital investment shall be subject to the existing Central Bank Regulations at the time: And provided, finally, That repatriation and remissions as herein provided may, a any time during the terms of the contract, be done under the provisions of this paragraph or under such regulations as may from time to time be promulgated by the Central Bank on the matter, at the election of the minority stockholder or operator; The final area or areas in compact block or shall be selected sufficient to meet his reasonable needs of the operation as to ore reserves, plant sites, timber and water resources, to assure commercial operations, but in no case to exceed a total land area of twenty-five thousand hectares; The rights and obligations of the government and the minority stockholders shall be governed by the shares held by each; Philippine citizens shall be given preference in all types of employment within the country insofar as such citizens are qualified to perform the corresponding work with reasonable efficiency and without hazard to the safety of the operations; and effective programs of training and advancement commensurate with the demonstrated abilities of such citizens to perform satisfactorily the various types of work involved in. the operation shall be maintained.