Section 6
SEC. 6. For the purpose of attaining the objectives of this Act and the policy of Congress as provided for in Section 2of this Act, the sum of ten million pesos may be appropriated yearly in case of need from the net profit of the Central; Bank paid into the general fund of the government under Section Forty-one Paragraph (d) of the Central Bank Act, which sum shall constitute a revolving fund to be made available to the Development Bank of the Philippines which shall be used , together with the funds already provided under paragraph 2 of Section 3 of republic Act 2081, for the following purposes: To pay for its subscription to preferred shares of stock in said private development banks in the manner and subject to the terms and condition prescribed in Section four hereof; To rediscount promissory notes and other credit instruments held by the private development bank under the following conditions and limitations: It shall charge such rediscount or interest rates as it may determine taking into account that main objective of the private development bank is to engage in medium and long terms loan for economic development. The determination of such rediscount or interest rates acceptable to the bank for the purpose of this provision shall be made by the said bank upon or immediately after the commencement of operations of a private development bank; and Funds so acquired shall be used only to finance the establishment and operation of projects within the development program of the National Economic Council or a long such projects and activities as the National Economic Council may, from time to time, approve.