REPUBLIC ACT NO. 1195 - AN ACT APPROPRIATING FIVE HUNDRED THOUSAND PESOS TO DEFRAY THE NECESSARY EXPENSES TO NEGOTIATE A REVISION OF THE AGREEMENT CONCERNING TRADE AND RELATED MATTERS BETWEEN THE PHlLIPPINES AND THE UNITED STATES.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. The sum of five hundred thousand pesos hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, to defray the necessary expenses of missions to the United States and such other expenses as may be necessary to negotiate a revision of the Agreement concerning Trade and Related Matters between the Philippines and the United States. The missions shall be composed of such members as the President may appoint in representation of the executive department and such members as may be appointed by the President of the Senate and the Speaker of the House of Representatives in representation of the Senate and House of Representatives, respectively. The missions may employ such technical staff or services as may be necessary to enable them to discharge their work.

SEC. 2. This Act shall take effect upon its approval.

Approved, August 25, 1954.