Real estate holdings of corporations. Maximum. Loans. Coinage. Establishment of a mint at Ma franchises, and concessions for doing business in said Islands, and in addition shall be deemed guilty of an offense, and shall be punished by a fine of not less than ten thousand dollars. SEC. 75. That no corporation shall be authorized to conduct the business of buying and selling real estate or be permitted to hold or own real estate except such as may be reasonably necessary to enable it to carry out the purposes for which it is created, and every corporation authorized to engage in agriculture shall by its charter be restricted to the ownership and control of not to exceed one thousand and twenty-four hectares of land; and it shall be unlawful for any member of a corporation engaged in agriculture or mining and for any corporation organized for any purpose except irrigation to be in any wise interested in any other corporation engaged in agriculture or in mining. Corporations, however, may loan funds upon real-estate security and purchase real estate when necessary for the collection of loans, but they shall dispose of real estate so obtained within five years after receiving the title. Corporations not organized in the Philippine Islands, and doing business therein, shall be bound by the provisions of this section so far as they are applicable. COINAGE. SEC. 76. That the government of the Philippine Islands nila authorized. is hereby authorized to establish a mint at the city of Manila, in said islands, for coinage purposes, and the coins hereinafter authorized may be coined at said mint. And the said government is hereby authorized to enact laws necessary for such establishment: Provided, That the United States laws of the United States relating to mints and coinage, so far as applicable, are hereby extended to the coinage of said islands. Proviso. laws applicable. Coinage of sub coins. SEC. 77. That the government of the Philippine Islands sidiary silver is authorized to coin, for use in said islands, a coin of the denomination of fifty centavos and of the weight of one hundred and ninety-two and nine-tenth grains, a coin of the denomination of twenty centavos and of the weight of seventy-seven and sixteen one-hundredths grains, and a coin of the denomination of ten centavos and of the weight of thirty-eight and fifty-eight one-hundredths grains, and the standard of said silver coins shall be such that of one thousand parts by weight nine hundred shall be of pure metal and one hundred of alloy, and the alloy shall be of copper. Purchase of bullion. SEC. 78. That the subsidiary silver coins authorized by the preceding section shall be coined under the authority of the government of the Philippine Islands in such amounts as it may determine, with the approval of the Secretary of War of the United States, from silver bullion purchased by said government, with the approval of the Secretary Proviso. of War of the United States: Provided, That said ment may in addition and in its discretion recoin the Span- Spanish Filipino ish Filipino dollars and subsidiary silver coins issued under dollars, etc. the authority of the Spanish Government for use in said. islands into the subsidiary coins provided for in the preceding section at such rate and under such regulations as it may prescribe, and the subsidiary silver coins authorized by this section shall be legal tender in said islands to the amount of ten dollars. SEC. 79. That the government of the Philippine Islands Minor coins. is also authorized to issue minor coins of the denominations of one-half centavo, one centavo, and five centavos, and such minor coins shall be legal tender in said islands for amounts not exceeding one dollar. The alloy of the five-centavo piece shall be of copper and nickel, to be composed of three-fourths copper and one-fourth nickel. The Alloy. alloy of the one-centavo and one-half-centavo pieces shall be ninety-five per centum of copper and five per centum of tin and zinc, in such proportions as shall be determined by said government. The weight of the five-centavo piece Weight. shall be seventy-seven and sixteen-hundredths grains troy, and of the one-centavo piece eighty grains troy, and of the one-half-centavo piece forty grains troy. metal. SEC. 80. That for the purchase of metal for the subsid- Purchase of iary and minor coinage, authorized by the preceding sections, an appropriation may be made by the government of the Philippine Islands from its current funds, which shall be reimbursed from the coinage under said sections; and the gain or seigniorage arising therefrom shall be paid into the treasury of said Islands. age optional. SEC. 81. That the subsidiary and minor coinage here- Place of coininbefore authorized may be coined at the mint of the government of the Philippine Islands at Manila, or arrangements may be made by the said government with the Secretary of the Treasury of the United States for their coinage at any of the mints of the United States, at a charge covering the reasonable cost of the work. SEC. 82. That the subsidiary and minor coinage herein-Devices and inbefore authorized shall bear devices and inscriptions to be prescribed by the government of the Philippine Islands and such devices and inscriptions shall express the sovereignty of the United States, that it is a coin of the Philippine Islands, the denomination of the coin, and the year of the coinage. scriptions. and reissue of etc. SEC. 83. That the government of the Philippine Islands, Redemption shall have the power to make all necessary appropriations defective coins, and all proper regulations for the redemption and reissue of worn or defective coins and for carrying out all other provisions of this Act relating to coinage. shipping, cus made applica SEC. 84. That the laws relating to entry, clearance, and United States manifests of steamships and other vessels arriving from toms, etc., laws or going to foreign ports shall apply to voyages each way ble. between the Philippine Islands and the United States and the possessions thereof, and all laws relating to the col ties. Customs du-lection and protection of customs duties not inconsistent with the Act of Congress of March eighth, nineteen hundred and two, "temporarily to provide revenue for the Philippine Islands," shall apply in the case of vessels and goods arriving from said Islands in the United States and its aforesaid possessions. Seamen on for eign voyages. The laws relating to seamen on foreign voyages shall Customs off- apply to seamen on vessels going from the United States cers substituted and its possessions aforesaid to said Islands, the customs officers there being for this purpose substituted for consular officers in foreign ports. for consular officers. of passengers dise. Log book entries. R. S., secs. 4252 Transportation The provisions of chapters six and seven, title fortyand merchan-eight, Revised Statutes, so far as now in force, and any amendments thereof, shall apply to vessels making voyages either way between ports of the United States or its afore4292, pp. 820-828. said possessions and ports in said Islands; and the provisions of law relating to the public health and quarantine shall apply in the case of all vessels entering a port of the United States or its aforesaid possessions from said Islands, where the customs officers at the port of departure shall perform the duties required by such law of consular officers in foreign ports. Transit of mer chandise. p. 579. Section three thousand and five, Revised Statutes, as R.S., sec. 3005, amended, and other existing laws concerning the transit of merchandise through the United States, shall apply to merchandise arriving at any port of the United States destined for any of its insular and continental possessions, or destined from any of them to foreign countries. Former laws continued. rates of money. Nothing in this Act shall be held to repeal or alter any part of the Act of March eighth, nineteen hundred and two, aforesaid, or to apply to Guam, Tutuila, or Manua, except that section eight of an Act entitled "An Act to Equivalent revise and amend the tariff laws of the Philippine Archipelago," enacted by the Philippine Commission on the seventeenth of September, nineteen hundred and one, and approved by an Act entitled "An Act temporarily to provide revenues for the Philippine Islands, and for other purposes," approved March eighth, nineteen hundred and two, is hereby amended so as to authorize the Civil Governor thereof in his discretion to establish the equivalent rates of the money in circulation in said Islands with the money of the United States as often as once in ten days. Depositories of public money. SEC. 85. That the treasury of the Philippine Islands and such banking associations in said islands with a paid up capital of not less than two million dollars and chartered by the United States or any State thereof as may be designated by the Secretary of War and the Secretary of the Treasury of the United States shall be depositories of public money of the United States, subject to the provisions of existing law governing such depositories in the United States: Provided, That the treasury of the govDeposit of ernment of said islands shall not be required to deposit bonds in the Treasury of the United States, or to give other specific securities for the safe-keeping of public Proviso. bonds, etc., not required. money except as prescribed, in his discretion, by the Secretary of War. all laws reserved SEC. 86. That all laws passed by the government of the Right to annul Philippine Islands shall be reported to Congress, which by Congress. 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. BUREAU OF INSULAR AFFAIRS. Bureau of Insular Affairs. SEC. 87. That the Division of Insular Affairs of the. Business subject to jurisdicWar Department, organized by the Secretary of War, is tion of War Dehereby continued until otherwise provided, and shall here- partment. after be known as the Bureau of Insular Affairs of the War Department. The business assigned to said Bureau shall embrace all matters pertaining to civil government in the island possessions of the United States subject to the jurisdiction of the War Department; and the Secretary of Chief of BuWar is hereby authorized to detail an officer of the Army whom he may consider especially well qualified, to act under the authority of the Secretary of War as the chief of said Rank. Bureau; and said officer while acting under said detail shall have the rank, pay, and allowances of a colonel. reau. SEC. 88. That all Acts and parts of Acts inconsistent Repeal. with this Act are hereby repealed. Approved, July 1, 1902. PROCLAMATION OF AMNESTY. On July 4, 1902, the government of the Philippine Islands promulgated the following proclamation by the President of the United States, granting full and complete pardon and amnesty to all persons, as therein set forth, for political offenses committed in the islands: BY THE PRESIDENT OF THE UNITED STATES. A PROCLAMATION. Whereas, Many of the inhabitants of the Philippine Archipelago were in insurrection against the authority and sovereignty of the Kingdom of Spain at divers times from August, eighteen hundred and ninety-six, until the cession of the archipelago by that Kingdom to the United States of America, and since such cession many of the persons so engaged in insurrection have until recently resisted the authority and sovereignty of the United States; and Whereas, The insurrection against the authority and sovereignty of the United States is now at an end, and peace has been established in all parts of the archipelago except in the country inhabited by the Moro tribes, to which this proclamation does not apply; and Whereas, During the course of the insurrection against the Kingdom of Spain and against the Government of the United States, persons engaged therein, or those in sympathy with and abetting them, committed many acts in violation of the laws of civilized warfare; but it is believed that such acts were generally committed in ignorance of those laws, and under orders issued by the civil or insurrectionary leaders; and Whereas, It is deemed to be wise and humane, in accordance with the beneficent purposes of the Government of the United States towards the Filipino people, and conducive to peace, order, and loyalty among them, that the doers of such acts who have not already suffered punishment shall not be held criminally responsible, but shall be relieved from punishment for participation in these insurrections and for unlawful acts committed during the course thereof by a general amnesty and pardon; Now, therefore, be it known that I, THEODORE ROOSEVELT, President of the United States of America, by virtue of the power and authority vested in me by the Constitution, do hereby proclaim and declare without reservation or condition, except as hereinafter provided, a full and complete pardon and amnesty to all persons in the Philippine Archipelago who have participated in the insurrections aforesaid or who have given aid and comfort to persons participating in said insurrections for the offenses of treason or sedition and for all offenses political in their character committed in the course of such insurrections pursuant to orders issued by the civil or military insurrectionary authorities, or which grew out of internal political feuds or dissensions, between Filipinos and Spaniards, or the Spanish authorities, or which resulted from internal political feuds or dissensions among the Filipinos themselves during either of said insurrections; Provided, however, That the pardon and amnesty hereby granted shall not include such persons committing crimes since May first, nineteen hundred and two, in any province of the archipelago in which at the time civil government was established, nor shall it include such persons as have been heretofore finally convicted of the crimes of murder, rape, arson or robbery, by any military or civil tribunal organized under the authority of Spain, or of the United States of America, but special application may be made to the proper authority for pardon by any person belonging to the exempted classes and such clemency as is consistent with humanity and justice will be liberally extended; and Further provided, That this amnesty and pardon shall not affect the title or right of the Government of the United States, or that of the Philippine Islands to any property or property rights heretofore used or appropriated by the military or civil authorities of the Government of the |
