By authority of the United States, be it enacted by the Philippine Commission, that:
Section 1. The annual tax on the assessed value of all the real estate of the city of Manila subject to taxation shall be, for the year nineteen hundred and eleven, one and one-half per centum thereof instead of two per centum thereof, anything contained in section forty-seven of Act Numbered One hundred and eighty-three, as amended, to the contrary notwithstanding: Provided, However, That one per centum of the assessed value of all the said real estate shall be payable on or before the first day of July, nineteen hundred and eleven, and the remaining one-half per centum shall be payable on or before the thirty- first day of December, nineteen hundred and eleven.
Section 2. The public good requiring the speedy enactment of this bill, the same shall take effect on its passage, in accordance with section one of Act Numbered Nineteen hundred and forty-five of the Philippine Legislature.