[ Act No. 1467, March 27, 1906 ]
AN ACT PROVIDING FOR THE RETURN OF A PORTION OF INTERNAL-REVENUE COLLECTIONS TO THE TREASURIES OF THE SUBPROVINCES OF CATANDUANES AND MASBATE FOR THE SOLE USE AND BENEFIT OF THE INHABITANTS THEREOF.
By authority of the United States, be it enacted by the Philippine Commission, that:
Section 1. There shall accrue to the treasuries of the sub-provinces of Catanduanes and Masbate as constituted by Acts Numbered Thirteen hundred and thirty-one and Fourteen hundred and thirteen, respectively, for the sole use and benefit of the inhabitants thereof, seventy per centum of such proportion of internal revenue which by law accrues to the Provinces of Albay and Sorsogon as the number of inhabitants of each subprovince, as shown by the census of nineteen hundred and three, bears to the total population of the province of which it forms a part, as shown by the same census.
Section 2. This Act shall be retroactive in effect so as to provide that the proportion of internal revenue allowed in section one hereof shall accrue to each subprovince from the date of its establishment as a subprovince.
Section 3. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.1aшphi1
Section 4. This Act shall take effect on its passage.
Enacted, March 27, 1906.
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