Section 14
SEC. 14. The grantee shall: Be liable to pay the same taxes on his real estate, buildings and personal property, exclusive of the franchise, as other persons or corporations or persons are now or hereafter may be required by law to pay and 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, three per centum of all gross receipts from the business transacted under this franchise by the said grantee.