Section 1
SECTION 1. To enable the National Coconut Corporation to advance further its program of industrialization of the coconut industry and the proper utilization of coconut byproducts as well as the improvement of the quality of Philippine copra, fifty per centum of all the fees collected by the Bureau of Commerce from the Copra Standardization and Inspection Service pursuant to Commerce Administrative Order Numbered Two, dated January sixteen, nineteen hundred forty-eight, of the Department of Commerce and Industry, shall be kept as a special fund and turned over to the National Coconut Corporation beginning June first, nineteen hundred and fifty, to be spent for the purposes mentioned in subsections (a) and (b) of section two of Commonwealth Act Numbered Five hundred eighteen, as amended.