Section 5
SEC. 5. The same Act is further amended by adding between Sections thirteen and fourteen thereof a new section which shall read as follows: "SEC. 13-A. (a) The grantee shall be liable to pay the same taxes on its real estate, buildings, and personal property, exclusive of this franchise, as other persons or corporations are now or hereinafter may be required by law to pay. "(b) The grantee shall further pay to the Treasurer of the Philippines each year, within ten days after the audit and approval of the accounts as prescribed in this Act, one and one-half per centum of all gross receipts for the business transacted in the Philippines under this franchise by the grantee."