PH Bill 1902
PH Bill 1902
PH Bill 1902
inconsistent with the Act of Congress of Philippine Islands and such banking
March eighth, nineteen hundred and two, associations in said Islands with a paid-up
"temporarily to provide revenue for the capital of not less than two million dollars
Philippine Islands," shall apply in the case and chartered by the United States or any
of vessels and goods arriving from said State thereof as may be designated by the
Islands in the United States and its Secretary of War and the Secretary of the
The laws relating to seamen on foreign depositories of public money of the United
voyages shall apply to seamen on vessels States, subject to the provisions of existing
going from the United States and its law governing such depositories in the
foreign ports. chanrobles virtual law library said Islands shall not be required to deposit
The provisions of chapters six and seven, bonds in the Treasury of the United States,
title forty-eight, Revised Statutes, so far as or to give other specific securities for the
17 PH BILL 1902
safe-keeping of public money except as
prescribed, in his discretion, by the
Secretary of War.
Sec. 86. That all laws passed by the
Government of the Philippine Islands shall
be reported to Congress, which hereby
reserves the power and authority to annul
the same, and the Philippine Commission is
hereby directed to make annual report of all
its receipts and expenditures to the
Secretary of War. chanrobles virtual law
library
Bureau of Insular Affairs
18 PH BILL 1902