Distribution of Seized Silver from Steamer Don Juan

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Act No. 573: Distribution of Seized Silver from Steamer Don Juan

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Title Supreme Court: Distribution of Seized Silver from Steamer Don Juan

Law: Act No. 573

Decision Date: Jan 2, 1903

An act directing the Insular Treasurer to deliver 80% of the seized silver and other metal from the steamer Don Juan to the rightful claimants and owners, as determined by the courts of the Philippine Islands, while authorizing payment to the fiscal officer and establishing alternative methods for distribution due to the absence of a mint in the Philippines.

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Payment to Fiscal Officer from Remaining Metals

The Insular Treasurer is authorized to pay the fiscal officer Francisco Escudero or his representatives from the remaining 20% of the seized metals.
This payment corresponds to the amount adjudged due him as specified in the decree of the Intendencia.

Conditions Regarding Silver That Lost Its Circulating Character

Some of the silver has lost its character as a circulating medium, requiring melting and expert appraisal.
Due to the lack of a mint in the Philippines at the time, the decree’s provisions on melting and fine payment cannot be implemented.
The Act becomes operative only if parties agree to:
- Have the silver weighed by the Insular Treasurer.
- Accept valuation in current money as determined by the Treasurer.
- Pay the 20% fine in current money.
- Resolve any disputes regarding decree interpretation via final decision by the Secretary of Finance and Justice.

Expedited Enactment for Public Good

The Act’s passage is expedited under the procedural rules to address public necessity promptly.

Effectivity

The Act takes effect immediately upon its passage on January 2, 1903.

END