Section 6
SECTION 6. Section five of the same Act is hereby amended to read follows: "SEC. 5. It shall be the duty of the President, within thirty days after the opening of every regular session, to submit a separate report to Congress on the amount of loans, credits and indebtedness contracted and in the process of negotiation and of the bonds, debentures, securities, or other evidences of indebtedness sold in international markets and proposed to be sold, as well as the guarantees extended, their respective terms and conditions, and the purposes and projects for which the loans, credits or indebtedness were incurred and for which the bonds, debentures, securities or other evidences of indebtedness were floated, and the guarantees extended, as well as of such loans which may be reloaned or which may be reloaned or have been reloaned to cooperatives or to Filipino-owned or controlled or private corporations or associations, and similar purposes as authorized in this Act."