REPUBLIC ACT NO. 393 - AN ACT CONDONING THE PAYMENT OF INTERESTS DUE ON FRIAR LANDS WITHIN THE TALISAY-MINGLANILLA ESTATE, PROVINCE OF CEBU, FOR THE PERIOD FROM JANUARY ONE, NINETEEN HUNDRED FORTY-TWO TO MARCH TEN, NINETEEN HUNDRED FORTY-FIVE.

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

SECTION 1. The collection of interest for the period from January one, nineteen hundred forty-two to March ten, nineteen hundred forty-five, on friar lands within the Talisay-Minglanilla Estate, Province of Cebu, which were sold but not yet fully paid for and finally conveyed the respective purchasers under the provisions of Act Eleven hundred twenty and Commonwealth Act Numbered Thirty-two, as amended, is hereby waived.

SEC. 2. No payment already made in the concept of interest for the period stated in the preceding section shall be reimbursed, but any payment made after liberation of the Province of Cebu on account of interest due on any lot within the said estate may be applied the payment of installments, if any, that may be due the same lot.

SEC. 3. This Act shall take effect upon its approval.

Approved, June 18,1949.