Authorize PH Charity Sweepstake for 1941 Expo

The authorized special sweepstakes are conducted to generate funds to finance an exposition in the Philippines.
The exposition must be inaugurated in nineteen hundred and forty-one to commemorate the Sixth Anniversary of the establishment of the Commonwealth Government.
The financing includes the construction of permanent buildings.

The Philippine Charity Sweepstake Office is authorized to hold two or more special sweepstake horse races.
The special races are held besides the regular sweepstake races authorized under Act Numbered Forty-one hundred and thirty.
The authority is subject to approval of the President of the Philippines.
The proceeds of the special races are subject to the Act’s conditions on deductions, management expenses, and prizes.

The special sweepstakes operate alongside the regular sweepstakes system authorized by Act Numbered Forty-one hundred and thirty.
Commonwealth Act No. 550 refers to Act Numbered Forty-one hundred and thirty, as amended by Commonwealth Act Numbered Three hundred and one for the mechanics of proceeds handling, deduction framework, and expense/prize references.

After deducting the payment of the prizes and expenses as provided under Act Numbered Forty-one hundred and thirty, as amended by Commonwealth Act Numbered Three hundred and one, the whole proceeds are kept as a special fund called the Exposition Fund.
The President of the Philippines uses the Exposition Fund, either directly or through any department, bureau, office, or agency that the President may create.
The Exposition Fund finances the holding of the 1941 exposition, including the construction of permanent buildings.

Management and holding expenses for the races must not exceed fifteen per centum (15%) of the gross receipts from the sale of tickets.
Prizes for winning horses and horses placed second and third must be in direct proportion to the three main prizes for winning tickets.
The prizes for winning, second, and third places are each set at ten per cent (10%) of the corresponding three main prizes for winning tickets.
The total amount of the prizes must **not exceed fifty thousand pesos (PHP 50,000).

The amount required for the exposition’s organization and operating expenses must not exceed three hundred thousand pesos (PHP 300,000).
The Philippine Charity Sweepstake Office advances this amount from its funds in its possession that are not otherwise appropriated.
The advanced amount must be repaid from the proceeds of the special sweepstakes authorized under Commonwealth Act No. 550.