The proceeds of the tax are to be placed in a sinking fund for the benefit of the Commonwealth of the Philippine Islands and applied to the payment of the principal and the interest of the bonded indebtedness of the islands. It has been figured that if the inhabitants of the Philippines should at the end of the period decide for independence their bonded indebtedness would have been entirely wiped out and that they would start on their independent career probably more stable economically than any othergovernment in existence. It is provided in section 8 that pending independence Philippine immigration to the United States shall be limited to a minimum annual quota of 100. Section 7 deals with the relations between the United States Government. which is to be represented by a high commissioner. and the government of the commonwealth of the Philippine Islands. I am not going into detail as to any of these provisions. because they will undoubtedly require discussion as the individual sections come up. and there will probably be amendments presented to some of them.
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immigration