Act No. 2305

: The fiscal year is the period beginning on January 1 and ending on December 31 of the same calendar year.
: It applies to the Government of the Philippine Islands, any branch thereof, and to the government of any political division or subdivision of the Philippine Islands.
: They must be rendered as soon as practicable after January 1 of each year.
: They covered the six months beginning July 1, 1913.
: Official copies must be filed in both Spanish and English.
: They must be filed by the Executive Secretary with the Philippine Legislature at the beginning of each regular session.
: They should be construed to mean a fiscal year ending December 31, when referring to any period of twelve months after December 31, 1913.
: The words "thirty-first day of December" shall be considered substituted for the same purposes.
: It terminates on December 31, 1913.
: Fiscal years are numbered according to the calendar year, beginning January 1 of each year.
: They are repealed to the extent of their inconsistency with this Act.
: The Act took effect upon its passage on December 19, 1913.