Section
1. Republic Act Numbered Fourteen hundred ten,
otherwise known as the "No-Dollar Import Law", is hereby repealed:
Provided, however, that the approval of this Act shall not be construed
to extinguish any criminal liability already incurred under the
provisions of Republic Act Numbered Fourteen hundred ten.
Sec. 2. All barter permits or licenses issued
after January twenty-six, nineteen hundred fifty-nine are hereby
declared cancelled and of no force and effect: Provided, however, That
all applications processed and favorably acted upon by the Screening
Board of the No-Dollar Import Office in meetings prior to January
twenty-six, nineteen hundred fifty-nine may be reviewed and approved by
a Committee composed of the Chairman of the National Economic Council,
who shall act as chairman, and the Secretary of Justice and the
Governor of the Central Bank, as members.
Sec. 3. The officials, employees or laborers who
may be separated from the service owing to the repeal of Republic Act
Numbered Fourteen hundred ten shall be entitled to the commutation of
the money value of the vacation and sick leaves of officials, employees
or laborers of the offices operating under the said Act so separated
from the service and who are entitled to retire under the Osme
Retirement Law (Act No. 2589, as amended) or under Republic Act
Numbered Six hundred sixty, as amended, and shall be so retired upon
the payment of the obligation of such offices to the Government Service
Insurance System subsisting under said Republic Act Numbered Six
hundred sixty, as amended, on the date of the approval thereof. Those
who may not be retired under the aforesaid laws shall be entitled to
gratuity, which shall be paid in one lump sum, equivalent to one
month's salary for every year of continuous, satisfactory service
rendered in the said offices and in any other government agencies and
instrumentalities on the basis of the last salary received by them, but
nor exceeding twelve months in the aggregate: Provided, That any
official, employee or laborer who has rendered less than one year of
service shall be entitled to gratuity equivalent to one month's salary:
Provided, further, That in case of subsequent reinstatement in the
government service or in any government-owned or controlled corporation
of any such official, employee or laborer who has been paid gratuity
and for the money value of vacation and sick leaves, he shall refund to
the National Government the value of the unexpired portion of his
vacation and/or sick leaves, if any, and the value of the gratuity
which he would not have received had it been payable to him in monthly
installments.
Sec. 4. The invalidity of any part or provision of
this Act or of its applicability to any person or to any circumstance
shall not affect the validity of the other provisions or of their
applicability to other persons or circumstances.
Sec. 5. This Act shall take effect upon its
approval.
Approved: June 19, 1959.
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