Be it enacted by the National Assembly of the Philippines:

SECTION 1. Section nineteen hundred and sixty-six of the Administrative Code is amended so as to read as follows:

“SEC.1966. Telegraphic transfers.—Provision may likewise be made, for the convenience of the public, for the telegraphic transfer of funds between places in the Philippines having telegraphic offices conducted by the Bureau of Posts. The maximum amount which may be thus transferred upon any one day by one remitter and payable, directly or indirectly, to the same person, corporation, or firm, shall be two thousand pesos.

"The Director of Posts may authorize certain telegraph offices a regular maximum of five thousand pesos if the business transactions so warrant: Provided, however, That greater amounts may be remitted by telegraphic transfers upon specific authority by the Director of Posts."

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

Approved, June 2, 1938.