Section 1
Section 1. The President of the Philippines is authorized to liquidate the Financial Interests Protection Bond Fund created under the provisions of Act Numbered Twenty-nine hundred ninety-nine. ℒαwρhi৷ The President of the Philippines is further authorized to apply the proceeds of said liquidation to the settlement of any deficiency in the sinking funds established for all outstanding bonds issued by the Philippine Government, its provinces, cities, and municipalities prior to May first, nineteen hundred and thirty-four.