APPENDIX B, No. 2 
AN ACT AUTHORIZING THE POSTAL SAVINGS 
BANK INVESTMENT BOARD TO MAKE LOANS FROM 
FUNDS AVAILABLE FOR INVESTMENT TO PROVINCES 
OF THE PHILIPPINE ISLANDS, UNDER GUARANTEE 
OF THE INSULAR GOVERNMENT. 
By authority of the United States, he it enacted 
hy the Philippine Commission, that: 
Section 1. The Postal Savings Bank Invest 
ment Board created by section eighteen of Act 
Numbered Fourteen hundred and ninety-three, 
entitled “An Act to encourage economy and sav 
ing among the people of the Philippine Islands, 
and to that end to provide for the establishment 
of postal savings banks and their administration 
through the organization of a Postal Savings 
Bank Division in the Bureau of Posts, and for 
other purposes,” is hereby authorized to make 
loans from the funds under its control available 
for investment to provinces of the Philippine 
Islands, under guarantee of the Insular Govern 
ment first had that the loan and interest thereon 
will be paid. 
Sec. 2. Before making any such loan the 
Postal Savings Bank Investment Board shall 
require a resolution of the provincial board of 
the province to which the loan is to be made, re 
questing the loan, stating that the same will be 
used solely for certain public improvements 
specified therin, agreeing to repay the amount 
loaned within a certain period with interest at a 
rate to be stated in said resolution, and requesting 
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