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become part of the currency reserve fund and shall be used exclusively for the purposes of said fund.

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Upon recommendation of the Secretary of Finance, approved by the Governor-General, any surplus in the fund mentioned over and above the minimum established in the last preceding paragraph may be used for the purchase of provincial or municipal bonds or be transferred, entirely or in part, to the general funds in the Treasury of the Philippine Islands.

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SEC. 1625. Application of the currency reserve fund to payment of certifi cates of indebtedness.—As the public interest permits, the Secretary of Finance, with the approval of the Governor-General, may direct the payment from the currency reserve fund of the principal and interest of all or any part of the certificates of indebtedness at any time outstanding.

"SEC. 1626. Limitation upon uses to which the currency reserve fund may be applied. The currency reserve fund shall be used exclusively for the following purposes:

"(a) For the redemption on demand of the Treasury certificates outstanding: Provided, That, at the option of the Insular Treasurer, such redemption may be made in either Philippine silver pesos, or gold coin of the United States, at the rate of one dollar for two pesos.

"(b) For the purchase of silver bullion, and for expenses incidental to the coinage of money, or the printing of Treasury certificates of the Philippine Islands, transportation of same to the Philippine Islands, from the place of coinage or printing, putting the money into circulation, and to the carrying on of such financial transactions by exchange or otherwise, as may be authorized by law, to maintain the circulation and stability of the currency, and to maintain the parity of the silver peso, including the fractionary coins, with the gold peso.

"(c) For the payment, with the approval of the Department Head, of additional compensation to such persons as shall be designated to count and verify mutilated currency not fit for further circulation in the Treasury prior to the destruction thereof.

"SEC. 1627. Report of Insular Treasurer upon condition of the currency reserve fund.-At the opening of each regular session of the Legislature the Insular Treasurer shall submit to the Department Head, who will transmit the same to the Governor-General, a special report containing a detailed statement of the amount and sources of the currency reserve fund, and of all operations of the Treasury relating to said fund, including loans made, during the preceding year. Upon approval by the Governor-General a copy of such report shall be transmitted to each House of the Legislature."

SEC. 2. All Acts or parts of Acts inconsistent with the provisions of this Act are hereby repealed.

SEC. 3. Upon the express or implicit approval of this Act by the President of the United States, as provided in the Act of Congress approved on August twenty-ninth, nineteen hundred and sixteen, entitled "An Act to declare the purpose of the people of the United States as to the future political status of the people of the Philippine Islands, and to provide a more autonomous government for those Islands," the Governor-General shall so announce forthwith, by means of a proclamation, and this Act shall take effect on the date of such proclamation.

Approved, May 6, 1918.

Note. The coinage system of the Philippine Islands, was established under the provisions of sections 76 to 83 of the organic act, "An act temporarily to provide for the administration of the affairs of the civil government in the Philippine Islands, and for other purposes," approved July 1, 1902, and Public No. 137, approved July 2, 1903, "An act to establish a standard of value and to provide for a coinage system in the Philippine Islands," as amended by Public No. 274, approved March 23, 1906.

Under the authority contained in the above acts of Congress, the Philippine Commission on October 10, 1903, passed act No. 938—

“An act constituting a gold-standard fund in the insular treasury to be used for the purpose of maintaining the parity of the silver Philippine peso with the gold standard peso, and organizing a division of the currency in the bureau of the insular treasury through which such fund shall be maintained, expenditures made therefrom, and accretions made thereto, and providing regulations for the exchange of currencies and for the issue and redemption of silver certificates "

which was amended by act No. 1463, approved March 12, 1906. Act 938 as amended filled in the details of the new currency system provided by Congress and created the necessary administrative machinery for its maintenance. The Administrative Code of 1916, repealed acts Nos. 938 and 1463, which were in turn repealed by chapter 41 of the Administrative Code of 1917.

Act No. 2776, approved May 6, 1918, "An act to regulate the currency system of the Philippine Islands and to establish a reserve fund for the same," amended articles 2, 3, 4, 5, 6 and 7 of chapter 41 of the Administrative Code of 1917.

Act No. 2776 therefore contains the present law in regard to the currency system of the Philippine Islands as established under the acts of Congress.

APPENDIX VII.

[From Administrative Code, 1917.]

Chapter 2.-POLITICAL GRAND DIVISIONS AND SUBDIVISIONS.

ARTICLE I.-Grand divisions.

SEC. 37. Grand divisions of Philippine Islands.

ARTICLE II.-Situs and major subdivisions of provinces other than such as are contained in Department of Mindanao and Sulu.

SEC. 38. Situs of provinces and major subdivisions.

ARTICLE III.-Department of Mindanao and Sulu and its provinces.

SEC. 39. Territory included in Department of Mindanao and Sulu.
SEC. 40. Situs of provinces of Department of Mindanao and Sulu.

ARTICLE I.-Grand divisions.

SEC. 37. Grand divisions of Philippine Islands.-The Philippine Islands. comprise the thirty-seven provinces named in the next succeeding paragraph hereof, the seven provinces of the Department of Mindanao and Sulu, and the territory of the city of Manila.

The provinces, other than the provinces of the Department of Mindanao and Sulu, are these: Abra, Albay, Ambos Camarines, Antique, Bataan, Batanes, Batangas, Bohol, Bulacan, Cagayan Capiz, Cavite, Cebu, Ilocos Norte, Illocos Sur, Iloilo, Isabela, Laguna, La Union, Leyte, Mindoro, Misamis, Mountain Province, Neuva Ecija, Neuva Vizcaya, Occidental Negros, Oriental Negros, Palawan, Pampanga, Pangasinan, Rizal, Samar, Sorsogon, Surigao, Tarlac, Tayabas, and Zambales.

The provinces of the Department of Mindanao and Sulu are these: Agusan, Bukidnon, Cotabato, Davao, Lanao, Sulu, and Zamboanga.

The city of Manila comprises a separate jurisdiction and is not included within the territory of any province; but, in the absence of special provision, the term province may be construed to include the city of Manila for the purpose of giving effect to laws of general application.

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Any small island of the Philippine Archipelago not hereinafter specifically assigned to a definite province shall belong to the province to which it is in closest proximity.

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ARTICLE II.—Situs and major subdivisions of provinces other than such as are contained in Department of Mindanao and Sulu.

SEC. 38. Situs of provinces and major subdivisions.-The general location of the provinces other than such as are contained in the Department of Mindanao and Sulu, together with the subprovinces, municipalities, and townships respectively contained in them is as follows:

The Province of Abra consists of the territory in northern Luzon formerly comprised in the subprovince of Abra as constituted under Act Numbered Thirteen hundred and six.

It contains the municipalities of Bangued, Bucay, Dolores, La Paz, Pidigan, Pilar, and Tayum.

It also contains the townships of Danglas, Lagangiland, Lagayan, Langiden, Luba, Manabo, Peñarrubia, Sallapadan, San Quintin, Tubo, and Villaviciosa. The Province of Albay, lying north of Sorsogon and south and east of Ambos Camarines, consists of territory on the Island of Luzon (with appurtenant small islands), including also the larger islands of San Miguel, Cacraray, Batan, Rapu-Rapu, and the subprovince of Catanduanes, on the island of the same name. The province contains the following municipalities:

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Albay (the capital of the province), Bacacay, Bará Guinobatan, Jovellar, Libog, Libon, Ligao, Malilipot, Pandan, Polangui, Rapu-Rapu, Tabaco, Tiwi, Viga, and V1. The Province of Ambos Camarines, lying north and wes. Albay and southeast of Tayabas, consists of territory on Luzon and adjacent islands, and comprises the following municipalities:

Baao, Basud, Bato, Buhi, Bula, Cabusao, Calabanga, Camaligan, Canaman, Capalonga, Caramoan, Daet, Gainza, Goa, Indan, Iriga, Labo, Lagonoy, Libmanan, Lupi, Magarao, Mambulao, Milaor, Minalabac, Nabua, Naga (the capital of the province), Pamplona, Paracale, Pasacao, Pili, Ragay, Sagnay, San Fernando, San Jose, San Vicente, Sipocot, Siruma, Talisay, Tigaon, and Tinambac.

The Province of Antique, lying west of Capiz and Iloilo, consists of territory on the Island of Panay and adjacent islands and comprises the following municipalities:

Barbasa, Bugasong, Caluya, Culasi, Dao, Laua-an, Pandan, Patnongon, San Jose de Buenavista (the capital of the province), San Remigio, Sibalom, Tibiao, and Valderrama.

The Province of Bataan, lying south of Zambales and southwest of Pampanga, comprises the cape or promontory which separates Manila Bay from the China Sea. It contains the following municipalities:

Abucay, Bagac, Bagumbayan, Balanga (the capital of the province), Limay, Mariveles, Moron, Orani, Orion, Pilar, and Samal.

The Province of Batanes comprises all islands of the Philippine Archipelago situated north of the Balingtang Channel, and contains the following townships: Basco (the capital of the province), Itbayat, Ivana, Mahatao, Sabtang, and Uyugan.

The Province of Batangas, lying south of Cavite and Laguna, and west of Tayabas, consists of territory on the Island of Luzon and adjacent islands, and comprises the following municipalities:

Alitagtag, Balayan, Batangas (the capital of the province), Bauan, Bolbok, Calaca, Calatagan, Cuenca, Ibaan, Lemery, Lian, Lipa, Lobo, Nasugbu, Rosario, San Jose, Santo Tomas, Taal, Talisay, Tanauan, and Tuy.

The Province of Bohol consists of the Island of Bohol and adjacent islands, and comprises the following municipalities:

Alburquerque, Anda, Antequera, Baclayon, Balilihan, Batuan, Bilar, Calape, Candijay, Carmen, Corella, Cortes, Dauis, Dimiao, Duero, Garcia Hernandez, Guindulman, Inabanga, Jagna, Jetafe, Lila, Loay, Loboc, Loon, Mabini, Maribojoc, Panglao, Sevilla, Sierra Bullones, Tagbilaran (the capital of the province), Talibon, Tubigon, Ubay, and Valencia.

The Province of Bulacan, lying on the northeastern side of Manila Bay, consists of territory in central Luzon, and comprises the following municipalities:

Angat, Baliuag, Bigaa, Bocaue, Bulacan, Bustos, Calumpit, Guiguinto, Hagonoy, Malolos (the capital of the province), Marilao, Meycuayan, Norzagaray, Obando, Paombon, Polo, Pulilan, Quingua, San Ildefonso, San Miguel, San Rafael, and Santa Maria.

The Province of Cagayan consists of territory in the extreme northeastern part of Luzon, together with the small islands appurtentant thereto and the islands of the Babuyan Group to the north. The province contains the following municipalities:

Abulug, Alcala, Amulung, Aparri, Baggao, Ballesteros, Buguey, Camalaniugan, Claveria, Enrile, Faire, Gattaran, Iguig, Lal-lo, Pamplona, Penablanca, Piat, Rizal, Sanchez, Mira, Solana, Tuao, and Tuguegarao (the capital of the province).

The Province of Capiz consists of territory in the northern part of the Island of Panay, with adjacent small islands, and also of the subprovince of Romblon, which embraces the Islands of Romblon, Tablas, Sibuyan, Banton, Simara, and Carabao, with adjacent small islands. The province contains the following municipalities:

Badajoz, Banga, Buruanga, Cajidiocan, Calivo, Capiz (the capital of the province), Dao, Dumalag, Dumarao, Ibajay, Iuisan, Jamaindan, Lezo, Libacao, Looc, Makato, Malinao, Mambusao, Nabas, New Washington, Odiongan, Panay, Panitan, Pilar, Pontevedra, Romblon, San Fernando, Sapian, Sigma, and Tapas. The Province of Cavite consists of territory on the Island of Luzon lying on the south side of Manila Bay, including also Corregidor Island. It contains the following municipalities:

Alfonso, Amadeo, Bacoor, Bailen, Camona, Cavite (the capital of the province), Dasmariñas, Imus, Indang, Kawit, Magallanes, Malabon, Maragondon, Mendez-Nuñez, Naic, Noveleta, Rosario, Silang, Tanza, and Ternate.

The Province of Cebu consists of the Island of Cebu and neighboring islands, including the Camotes Islands. It comprises the following municipalities: Alcantara, Alcoy, Alegria, Aloguinsan, Argao, Asturias, Badian, Balamban, Bantayan, Barili, Bogo, Boljo-on, Borbon, Carcar, Carmen, Catmon, Cebu (the capital of the province), Cordova, Daanbantayan, Dalaguete, Danao, Dumanjug, Ginatilan, Liloan, Madridejos, Malabuyoc, Mandaue, Medellin, Minglanilla, Moaboal, Naga, Opon, Oslob, Pilar, Pinamungajan, Poro, Ronda, Samboan, San Fernando, San Francisco, San Remigio, Santa Fe, Sibonga, Tabogon, Talisay, Toledo, Tuburan, and Tudela.

The Province of Ilocos Norte consists of territory in the extreme northwestern part of the Island of Luzon and comprises the following municipalities:

Bacarra, Badoc, Bangui, Banna, Batac, Burgos, Dingras, Laoag (the capital of the province), Paoay, Pasuquin, Piddig, San Nicolas, Sarrat, Solsona, and Vintar.

This province also contains the township of Nueva Era.

The Province of Ilocos Sur, lying south of Ilocos Norte, consists of territory in the Island of Luzon known as Ilocos Sur. It comprises the following municipalities:

Bantay, Burgos, Cabugao, Candon, Caoayan, Lapog, Magsingal, Narvacan, San Esteban, Santa, Santa Catalina, Santa Cruz, Santa Lucia, Santa Maria, Santiago, Santo Domingo, San Vicente, Sinait, and Vigan (the capital of the province).

This province also contains the following townships: Banayoyo, Bauguen, Galimuyod, Lidlidda, and Nagbukel.

The Province of Iloilo consists of territory on the southeastern part of the Island of Panay and includes the Island of Guimaras and other adjacent islands. It comprises the following municipalities:

Ajuy, Arevalo, Balasan, Banate, Barotac Nuevo, Buenavista, Cabatuan, Dingle, Dueñas, Dumangas, Guimbal, Iloilo (the capital of the province), Janiuay, Jaro, Lambunao, Leon, Miagao, Oton, Passi, Pototan, San Joaquin, San Miguel, Santa Barbara, Sara, and Tigbauan.

The Province of Isabela, lying south of Cagayan, consists of territory in northeastern Luzon and comprises the following municipalities:

Angadanan, Cabagan, Cuayan, Echagüe, Gamu, Ilagan (the capital of the province), Naguilian, Palanan, Reina Mercedes, San Pablo, Santa Maria, Santiago, and Tumauini.

This province also contains the township of San Mariano.

The Province of Laguna, lying on the south of Laguna de Bay, in Luzon, comprises the following municipalities:

Alaminos, Bay, Biñan, Cabuyao, Calamba, Calauan, Cavinti, Famy, Lilio, Longos, Los Baños, Luisiana, Lumban, Mabitac, Magdalena, Majayjay, Nagcarlan, Paete, Pagsanjan, Pangil, Pila, San Pablo, San Pedro, Santa Cruz (the capital of the province), Santa Maria Santa Rosa, and Siniloan.

The Province of La Union, lying northeast of Lingayen Gulf, on the Island of Luzon, comprises the following municipalities:

Agoo, Aringay, Bacnotan, Balaoan, Bangar, Bauang, Caba, Luna, Naguilian, Rosario, San Fernando (the capital of the province), San Juan, Santo Tomas, and Tubao.

The Province of Leyte consists of territory on the Island of Leyte and adjacent islands, and contains the following municipalities:

Abuyog, Alangalang, Babatngon, Barugo, Bato, Baybay, Biliran, Burauen, Cabalian, Caibiran, Carigara, Dagami, Dulag, Hilongos, Hindang, Hinunangan, Hinundayan, Inopacan, Jaro, Kawayan, Leyte, Libagoa, Liloana, Maasin, Maerohon, Malitbog, Mripipi, Matalom, Merida, Naval, Ormoc, Palo, Palompon, Pastrana, Pintuyan, San Isidro, San Miguel, Sogod, Tacloban (the capital of the province), Tanauan, Tolosa, and Villaba.

The Province of Mindoro consists of the Island of Mindoro, the Island of Lubang, the Island of Maestre de Campo, and all other islands adjacent to any of them, not included in the territory of some other province. It contains the following townships:

Abra de Ilog, Bulalacao, Calapan (the capital of the province), Concepción, Looc, Lubang, Mamburao, Naujan, Paluan, Pinamalayan, Pola, Sablayan, and San Jose.

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