An Act to Provide that the Appropriation of Two Millions of Dollars Made in Act Numbered Six Hundred and Ninety-Six may be Expended Not Only to Purchase Silver Bullion with which to Coin Silver Philippine Pesos But Also to Pay the Expenses of Such Coinage and the Transportation of the Coins, when Coined, from the Mints of the United States to the Philippine Islands, Including Insurance and All Other Proper Expenses
Act No. 770, enacted on May 27, 1903, permits the appropriation of two million dollars, originally designated for purchasing silver bullion to mint silver Philippine pesos, to also cover expenses related to coining, transportation, insurance, and other necessary costs for circulating the coins. It ratifies any prior disbursements made by the Philippine Government's Disbursing Agent in Washington for these purposes. The act emphasizes the urgency for its passage to benefit the public good and takes effect immediately upon enactment.
Law Information
- Reference Number
- Act No. 770
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 27, 1903
ACT NO. 770
AN ACT TO PROVIDE THAT THE APPROPRIATION OF TWO MILLIONS OF DOLLARS MADE IN ACT NUMBERED SIX HUNDRED AND NINETY-SIX MAY BE EXPENDED NOT ONLY TO PURCHASE SILVER BULLION WITH WHICH TO COIN SILVER PHILIPPINE PESOS BUT ALSO TO PAY THE EXPENSES OF SUCH COINAGE AND THE TRANSPORTATION OF THE COINS, WHEN COINED, FROM THE MINTS OF THE UNITED STATES TO THE PHILIPPINE ISLANDS, INCLUDING INSURANCE AND ALL OTHER PROPER EXPENSES
SECTION 1. The appropriation of two millions of dollars provided for in section four of Act Numbered Six hundred and ninety-six for the purchase of silver bullion to be coined into silver Philippine pesos may also be expended for the expenses of coining the same, including the making of the necessary dies, for the transportation of the coins, when coined, from the mints of the United States to the Philippine Islands, for insurance, and for all other proper expenses of putting such pesos into circulation.
SECTION 2. All moneys heretofore disbursed by the Disbursing Agent of the Philippine Government in Washington for the purposes mentioned in the preceding section are hereby ratified and confirmed.
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, May 27, 1903.
Cite This Law
An Act to Provide that the Appropriation of Two Millions of Dollars Made in Act Numbered Six Hundred and Ninety-Six may be Expended Not Only to Purchase Silver Bullion with which to Coin Silver Philippine Pesos But Also to Pay the Expenses of Such Coinage and the Transportation of the Coins, when Coined, from the Mints of the United States to the Philippine Islands, Including Insurance and All Other Proper Expenses, Act No. 770, May 27, 1903 (Philippines)
An Act to Provide that the Appropriation of Two Millions of Dollars Made in Act Numbered Six Hundred and Ninety-Six may be Expended Not Only to Purchase Silver Bullion with which to Coin Silver Philippine Pesos But Also to Pay the Expenses of Such Coinage and the Transportation of the Coins, when Coined, from the Mints of the United States to the Philippine Islands, Including Insurance and All Other Proper Expenses, Act No. 770 (Phil. 1903)
Related Laws
- An Act to Amend Act Numbered Seven Hundred and Thirty-One, Entitled "An Act Appropriating One Million Dollars, in Money of the United States, for the Purchase of Silver, Copper, and Other Metals or Alloys Needed in the Coinage of Subsidiary Coins for Use in the Philippine Islands," by Providing that the Money Appropriated may be Expended Not Only for the Purchase of Bullion Needed in the Coinage, But Also for the Making of Necessary Dies And Other Expenses of Coinage, for the Cost of Transporting Coins, when Coined, from the Mints of the United States to the Philippine Islands, Including the Necessary Insurance, and for All Other Expenses of Putting Such Coins into CirculationAct No. 771 • May 27, 1903 • Statutes
- An Act Making Further Appropriation of One Million Dollars, in Money of the United States, for the Purchase of Bullion with which to Coin Silver Philippine PesosAct No. 822 • Aug 4, 1903 • Statutes
- An Act Appropriating One Million Five Hundred Thousand Dollars, in Money of the United States, for the Purchase of Silver Bullion for the Further Coinage of Philippine PesosAct No. 796 • Jul 9, 1903 • Statutes
- An Act Authorizing the Issue of Three Million Dollars of Certificates of Indebtedness under and by Authority of Section Six of the Act of Congress Entitled "An Act Relating to Currency for the Philippine Islands," Approved March Second, Nineteen Hundred and Three, and Making an Appropriation of Two Million Dollars, in Money of the United States, Immediately Available for the Purpose of Purchasing Silver Bullion with which to Coin Silver Philippine Pesos in Accordance with Section Five of the Said Act of Congress Approved March Second, Nineteen Hundred and ThreeAct No. 696 • Mar 23, 1903 • Statutes
- An Act to Regulate the Currency System of the Philippine Islands and to Establish a Reserve Fund for the Same, Amending Therefor Certain Provisions of the Administrative CodeAct No. 2776 • May 6, 1918 • Statutes
- 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 CertificatesAct No. 938 • Oct 10, 1903 • Statutes
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