Liquidation of the Exchange Standard Fund.
Section 134
SEC. 134. Liquidation of the Exchange Standard Fund.— Prior to the date on which the Central Bank commences business, the Exchange Standard Fund shall be liquidated. The net assets of the Fund remaining after outstanding liabilities have been, met shall be used for the following purposes and in the following priority: (a) Ten million (P10,000,000) pesos shall be used to subscribe to the capital stock of the Central Bank; (b) Two million (2,000,000) pesos shall be transferred to the Securities Stabilization Fund; and (c) The remainder shall be transferred to the Bank in accordance with the provisions of section 135.