Page:United States Statutes at Large Volume 60 Part 1.djvu/158

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79TH CONG., 2D SESS.- CH. 243-APR. 30, 1946 (b) The Commission may, at its option, make payment, in whole or in part, of the amount payable in the case of any claim authorized to be paid under this title by replacing lost, damaged, or destroyed property with other property of like or similar kind. The amount expended for such purpose m any case, including the fair value of property transferred to the claimant, shall be deemed to have been paid to the claimant on account of his claim and such amount shall in no case exceed the amount authorized to be paid under this title on account of such claim. The Commission is authorized to acquire such property, to have such work done, to make such contracts, and to take such other action as may be necessary for the purposes of this subsection. To accomplish the purposes of this section such surplus property of the United States, wherever located, as the Pres- ident of the United States by Executive order shall direct, shall be transferred to the Commission. The Commission shall pay to the disposal agency the fair value of the property as agreed to by the Commission and the disposal agency. (c) All of the provisions of this title shall be subject to the require- ment that, to the fullest extent practicable the Commission shall require that the lost or damaged property be rebuilt, replaced, or repaired before payments of money are actually made to claimants under this title. SEC. 105. Not later than six months after its organization, and every six months thereafter, the Commission shall make a report to the Congress concerning operations under this title: Provided, That if the Commission determines it is impossible for any reason beyond the control of the claimant, or is impractical to rebuild, replace, or repair the lost or damaged property, the Commission may make payment to the claimant without making said requirement: Provided, however, That, as a condition to the making of such payment, the Commission shall require that the whole of such payment shall be reinvested in such manner as will further the rehabilitation or eco- nomic development of the Philippines: And provided further, That nothing in this subsection shall preclude the partial payment of claims as the rebuilding, replacing, or repairing of the property progresses. SEC. 106. (a) There is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, the amount of $400,000,000 for the purposes of paying compensation to the extent authorized by this title, and of such sum, not to exceed $4,000,000 shall be available to pay the expenses of the Commission. (b) Any money or bullion received by the United States from the Japanese Government or the Japanese people by way of reparations or indemnity on account of war losses in the Philippines- (1) shall be covered into the Treasury of the United States until the value of said money or bullion so covered into the Treasury is equal to the sum of the amounts appropriated for the payment of compensation under this title and the amounts appropriated for carrying out the purposes of title III of this Act; (2) when the amounts covered into the Treasury under clause (1) are equal to the amounts so appropriated, the excess over the amounts so appropriated shall be used, first, to satisfy in full the balance unpaid of any approved claims under this title; second, toward the payment of any amount by which any claim was reduced under Section 102 (a) hereof; third, toward the satisfaction of any approved claim of the Government of the Commonwealth of the Philippines (or the Republic of the Philippines), its provinces, cities, municipalities, and instrumen- talities, not compensated under this Act; and Replacement of property. Transfer of surplus property. Replacement, etc. , before payment. Infra; post, p. 806. Reports to Con- gress. Post, p. 805 . Payment without replacement, etc. Reinvestment. Partial payment. Appropriation au- thorized. Post, p. 613 . Expenses of Com. mission. Japanese repara- tions. Potd, pp. 15, 621, 916. 60 STAT.] 131