Prohibiting Export of Philippine Silver Coins

Act No. 1411 is enacted to maintain the parity of the Philippine currency under the Act of Congress approved March second, nineteen hundred and three, specifically Sections One and Six.
Section 3 directs enforcement by customs collectors in accordance with Acts Numbered 355 as amended, 864 as amended, and 1405.
Section 4 provides expedited enactment in accordance with section two of “An Act prescribing the order of procedure by the Commission in the enactment of laws,” passed September 26, 1900.

Act No. 1411 is designed to preserve currency parity by preventing the export of Philippine silver coins and silver-bullion derived from them.
The Act ties its prohibition to coins coined by authority of the Act of Congress approved March 2, 1903.

The Act prohibits exportation of “Philippine silver coins” coined by authority of the Act of Congress approved March 2, 1903.
The Act also covers bullion made by melting or otherwise mutilating such prohibited silver coins.
Section 1 treats both the coins and the derived bullion as within the scope of the export ban.

Section 1 prohibits exportation from the Philippine Islands of Philippine silver coins coined under the March 2, 1903 authority.
Section 1 also prohibits exportation of bullion produced by melting or otherwise mutilating the covered coins.
Section 1 applies to instances where the exportation is subsequent to the passage of this Act and contrary to its provisions.
Section 2 declares that exportation or the attempt to export Philippine silver coins or the bullion made from such coins, from the Philippine Islands contrary to law, is a criminal offense.

Section 1 provides that any prohibited coins or bullion exported or exportation attempted contrary to the Act are liable to forfeiture under due process of law.
Section 1 provides that one-third of the sum or value of bullion so forfeited is paid to the person upon whose information the seizure of the money or bullion is made.
Section 1 provides that the other two-thirds is payable to the Philippine Government and that it accrues to the gold-standard fund.
Section 3 modifies disposal: seized coins or bullion shall not be sold at auction and shall instead be paid into the Treasury of the Philippine Islands to the credit of the gold-standard fund.
Section 3 directs that the informer’s share is paid by the Treasurer from that fund.

Section 2 imposes criminal liability, in addition to forfeiture, for exportation or attempted export contrary to law.
Section 2 provides that the offense is punishable by a fine not to exceed ten thousand pesos (PHP 10,000), or imprisonment for a period not to exceed one year, or both.
Section 2 states that whether fine and/or imprisonment is imposed is in the discretion of the court.

Section 3 provides that collectors of customs for the Philippine Islands enforce Section 1.
Section 3 requires enforcement in accordance with Acts Numbered 355 (as amended), 864 (as amended), and 1405.
Section 3 ties enforcement outcomes to the Act’s forfeiture and payment rules, including the informer payment mechanism.

Section 1 provides an exception: the prohibition shall not apply to sums of twenty-five pesos (₱25) or less carried by passengers leaving the Philippine Islands.
The exception in Section 1 limits coverage strictly by amount (₱25 or less) and by circumstance (carried by passengers leaving).