AN ACT FIXING A NEW PERIOD FOR
THE SURRENDER OF TREASURY CERTIFICATES AND
CENTRAL BANK NOTES OF THE
DENOMINATION OF OVER ONE HUNDRED PESOS, BY AMENDING SECTION TWO OF
REPUBLIC
ACT NUMBERED ELEVEN HUNDRED NINETY-ONE FOR THE PURPOSE
"Sec. 2. To carry out
the purposes of this Act, the owners or holders of
Treasury certificates and
Central Bank notes, either individual persons, associations, corporations,
or institutions, of the denominations of over one hundred pesos, are
required to surrender them to the Central Bank of the Philippines up to
December thirty-one, nineteen hundred fifty-seven, and in exchange to
receive from the Bank their equivalent amount in money in
Treasury
certificates or Central Bank notes of smaller denominations: Provided, That
the exchange shall hereafter be allowed only if the holder has not been able
to surrender the said notes and/or certificates due his ignorance of the
original provisions of Republic Act Numbered Eleven hundred ninety-one or to
no fault or negligence on his part or to circumstances beyond his control,
or if the holder has acquired said notes and/or certificates for reasons
other than speculation: Provided, further, That an affidavit alleging any of
said grounds shall be prima facie proof of the facts therein alleged and
shall be accepted as sufficient compliance with the preceding proviso."
Sec. 3. The Central Bank
of the Philippines and the provincial and municipal treasurers and barrio
councils are hereby directed to give the provisions of this Act wide
publicity.