QuestionsQuestions (Act No. 608)
Those in the form of Mexican pesos, Spanish-Filipino pesos or fractional parts thereof; Spanish-Filipino bank notes; and United States currency (including Spanish seized funds, returns at the Treasury, and special deposits then in the Treasurer’s hands).
The Attorney-General must proceed to collect such certificates, checks, and drafts as far as practicable, then pay the proceeds to the Treasurer, who deposits them as “miscellaneous receipts.”
They are returned by the Attorney-General to the Treasurer and then transferred by the Treasurer to his property account.
Spanish gold coin, Spanish treasury bonds, Filipino Treasury bonds Series B (except Carriedo Fund bonds), Spanish copper coin, Filipino gold coin, bar gold, gold dust, burned silver, burned silver pesos, copper, foreign bank notes, and foreign coins not otherwise specially provided for.
The Treasurer must publish the advertisement once a week for six successive weeks in two Manila English-language newspapers and two Manila Spanish-language newspapers, specifically describing each item, allowing bids per item/class/part, reserving the right to reject all bids; bids must be under seal and in U.S. dollars, each accompanied by a certified check for 10% of the bid.
On the date stated in the advertisement, opened by the Treasurer in the presence of the Secretary of Finance and Justice and, if they desire, in the presence of bidders.
The certified checks accompanying accepted bids are deposited in the Insular Treasury and are deemed liquidated damages if the bidder fails to comply.
Forward Spanish gold, Filipino gold coin, bar gold, gold dust, burned silver pesos, burned copper and silver to the U.S. Mint at San Francisco for coinage into U.S. coin, or coin them locally in the Manila mint—subject to the Secretary of Finance and Justice’s approval.
With the approval of the Secretary of Finance and Justice, the Treasurer may sell them (or any part) at private sale on terms not less favorable to the Government than the most favorable rejected bids.
No. It does not apply to the silver and other metal seized from the steamer Don Juan in July 1893, whose disposition is governed by Act No. 573.
In Sec. 3, Filipino Treasury bonds Series B belonging to the “Carriedo Fund” are excluded from the auction/sale process under that section. In Sec. 6, the Treasurer transfers 94 shares of Banco Español-Filipino and 77 Filipino bonds Series B to be kept by the city of Manila as part of the Carriedo Fund.
Small articles of gold, silver or other metals, jewelry, finger rings, earrings, field glasses, Japanese or Chinese coin, combs, necklaces, watches, studs, watch chains, medallions, and pocketbooks—sold to the highest bidders, singly or in classified lots, under Treasurer direction with approved advertising duration and manner.
Those consisting of insurrecto stick-pins, flags, medallions, cuff buttons, and other pins as badges of insurrection. They must be forthwith forwarded to the Smithsonian Institution, Washington.
The Treasurer must transfer to his property account all Philippine Treasury notes and Philippine Treasury provisional bonds then in his hands as Treasurer.
The Treasurer transfers 94 shares of Banco Español-Filipino and 77 Filipino bonds Series B to be kept by the city as part of the Carriedo Fund; the income/dividends is applied for the purposes provided in the foundation of that fund. He also delivers Fire Department medals to the Municipal Board for disposal.
Any claims against property referred to in the Act must be adjusted by presentation to the Philippine Commission, and allowed only by such allowance the Commission may make upon application.
Because “the public good requiring the speedy enactment,” its passage is expedited in accordance with Section 2 of “An Act prescribing the order of procedure by the Commission in the enactment of laws” (Sept. 26, 1900).