Section 1. Act Numbered Eleven hundred and eighty-nine, entitled "'The Internal Revenue Law of Nineteen hundred and four,'' as amended, is hereby further amended as follows:
a. By striking out in section seventy-four, as amended by paragraph (c) of section one of Act Numbered Thirteen hundred and thirty-eight, the words "nineteen hundred and six," and inserting in lieu thereof the words "nineteen hundred and seven."
b. By striking out in section one hundred and seven, as amended by paragraph (f) of section one of Act Numbered Thirteen hundred and thirty-eight, the words "nineteen hundred and six," and inserting in lieu thereof the words "nineteen hundred and seven 1aшphi1 ."