Section 1
SECTION 1. Section two of Commonwealth Act Numbered Five hundred eighteen is amended to read as follows: "SEC. 2. The National Coconut Corporation shall have the following objects: "(a) To establish, keep, maintain, and operate or help establish, keep, maintain, and operate drying plants, or copra driers, or coconut centrals with a view to adjusting the coconut industry to a position independent of trade preferences in the United States and to provide facilities the better curing of copra products and the proper utilization of coconut by-products; (b) To afford facilities for bona fide production loans Philippine coconut planters and copra producers; and (c) To buy, sell, barter, export, and in any other man-deal in, coconut, copra, and desiccated coconut, as well their by-products, and to act as agent, broker or commission merchant of the producers, dealers or merchants of coconut, copra, and desiccated coconut or their by products."