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

SECTION 1. The title of Republic Act Numbered Forty-four hundred thirty-seven is hereby amended to read as follows:

"An Act granting Benjamin Torres a permit to construct, maintain and operate a radio broadcasting and television station in the Municipality of Batac, Province of Ilocos Norte."

SEC. 2. Section one of Republic Act Numbered Forty-four hundred thirty-seven as amended, is hereby amended to read as follows:

"SECTION 1. Subject to the provisions of the Constitution as well as of Act Numbered Thirty-eight hundred and forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes;" Act Numbered Thirty-nine hundred and ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred and forty-six, known as the Public Service Act, and their amendments and other applicable laws, Benjamin Torres is hereby granted a permit to construct, maintain and operate, for commercial purposes and in the public interest, to cover Northern Luzon areas a radio broadcasting and television station in the Municipality of Batac, Province of Ilocos Norte: Provided, That this permit shall be void unless the construction of said radio broadcasting or television station is begun within two years from approval of this amendatory Act: Provided, further, That the grantee shall provide adequate public service time to enable the Government, through the station herein authorized, to reach the population on important issues; shall assist in the function of public information and education; shall conform to the ethics of honest enterprise; and shall not use said station for broadcasting, exhibiting obscene or indecent language or speech or for the dissemination of deliberately false information or willful misrepresentation or to the detriment of the public health, or to incite, encourage or assist in subversive or treasonable acts."

SEC. 3. A new section is hereby inserted between Sections one and two of the same Act to read as follows:

"SEC. 1-A. In consideration of this franchise the grantee shall pay a tax equivalent to five per cent of his gross income."

SEC. 4. This Act shall take effect upon its approval.

Enacted without Executive approval, August 4, 1969.