TAXES.†" Any new industry to be established in the Beni and Pando Departments is exempt from the payment of these.

ENRIQUE HERTZOG G.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For: The Honorable National Congress has sanctioned the following Law:

THE H. NATIONAL CONGRESS

DECCRETA:

ArtA-culo lo†" Any new industry established in the Departments Pando and Beni, for the period of five years since the promulgation of this law, is exempt from the payment of national, departmental and municipal taxes, whatever their concept is except that of personal income.

ArtA-ass 2o.†" The constructions and buildings that, with the same industrial purpose, are to be realized in those departments, are equally released from those taxes, for the same period of time.

Executive for constitutional purposes.

Session of the H. National Congress.

La Paz, May 30, 1947.

Josá© Gil S. †"Josá© Antonio Arze.â€" A. Mendizà ¡ bal, Senator Secretario.†"E. Monasterio, Senator Secretario.â€" H. Bohálírquez, Diputado Secretario.†" P. MontaA ± o, Deputy Secretary.

BY TANTO: I enact it so that it has and will comply as Law of the Republic.

Palace of Government, in the city of La Paz, at the seven days of the month of June of a thousand nine hundred and forty-seven years.