An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency
Act No. 456, enacted on September 9, 1902, amends the accounting rules for the Treasurer of the Philippine Archipelago, allowing accounts to be maintained in the actual currencies received while requiring reports to the Secretary of War to reflect amounts converted to U.S. currency. Additionally, the Act repeals a prior provision that prohibited contracts by the Insular Government from being made payable solely in U.S. currency, now allowing for payments in either U.S. or local currency at the government's discretion. The Act emphasizes the need for prompt implementation for the public good, becoming effective immediately upon passage.
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- What is An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency about?
- Act No. 456, enacted on September 9, 1902, amends the accounting rules for the Treasurer of the Philippine Archipelago, allowing accounts to be maintained in the actual currencies received while requiring reports to the Secretary of War to reflect amounts converted to U.S. currency. Additionally, the Act repeals a prior provision that prohibited contracts by the Insular Government from being made payable solely in U.S. currency, now allowing for payments in either U.S. or local currency at the government's discretion. The Act emphasizes the need for prompt implementation for the public good, becoming effective immediately upon passage.
- What type of law is Act No. 456?
- An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency (Act No. 456) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency enacted?
- An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency (Act No. 456) was enacted on Sep 9, 1902.
- What is the citation for An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency?
- An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency, Act No. 456, Sep 9, 1902 (Philippines)
Law Information
- Reference Number
- Act No. 456
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 9, 1902
ACT NO. 456
AN ACT AMENDING RULE FIFTY OF SECTION ONE OF ACT NUMBERED NINETY, RELATIVE TO THE MANNER IN WHICH THE TREASURER OF THE ARCHIPELAGO SHALL KEEP HIS ACCOUNTS AND RENDER THE SAME TO THE SECRETARY OF WAR; AND REPEALING THAT PART OF SECTION THREE OF ACT NUMBERED FOUR HUNDRED AND THIRTY WHICH PROHIBITS THE MAKING OF CONTRACTS PAYABLE ONLY IN UNITED STATES CURRENCY
SECTION 1. Rule fifty of section one of Act Numbered Ninety, entitled "An Act reciting an executive order of the President of the United States, amending the executive order of May eighth, eighteen hundred and ninety-nine, creating the offices of Auditor for the Islands and chief clerk of the Auditor for the Islands of the Philippine Archipelago, and enacting, with the concurrence and approval of the Secretary of War first had, the rules and instructions relative to the accounting system of the Military Government of the United States in the Islands of the Philippine Archipelago," is hereby amended, by authority of the Secretary of War, by striking out said rule fifty of section one and substituting therefor the following:
"Rule 50. The accounts of the Treasurer shall be kept in the moneys in which actually received and withdrawn, but in all reports made to the Secretary of War the aggregate amount therein shall be converted into money of the United States at the authorized rate of conversion at the close of the month for which the account is rendered. The Treasurer shall also show in said report the distribution of his balance in local currency and United States currency respectively."
SECTION 2. That part of section three of Act Numbered Four hundred and thirty which provides that "no contract or obligation of the Insular Government entered into by the head of any Department, Bureau, or Office shall hereafter be made payable only in United States currency, but may be made payable in the United States currency or its equivalent in local currency, at the ratio authorized by the Civil Governor at the time of payment, at the option of the Government," is hereby repealed.
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.
SECTION 4. This Act shall take effect on its passage.
ENACTED, September 9, 1902.
Cite This Law
An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency, Act No. 456, Sep 9, 1902 (Philippines)
An Act Amending Rule Fifty of Section One of Act Numbered Ninety, Relative to the Manner in which the Treasurer of the Archipelago shall Keep his Accounts and Render the Same to the Secretary of War; and Repealing that Part of Section Three of Act Numbered Four Hundred and Thirty which Prohibits the Making of Contracts Payable Only in United States Currency, Act No. 456 (Phil. 1902)
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