follows follow laws lawa of united states W washington rhe philippine earn corn mission has lust just enacted a corporation law patterned after the corporation acts generally in force in the united states up to the present time tho the only law under which cap capital lital could in corporate in the philippine islands m was as the old spanish code of commerce the provisions of this code in so BO far as they relate to the organization organisation ot of business corporations according to the philippine officials are archaic and ill III adapted to the needs of modern commerce comme ice as conducted by english shipping people they are repealed by the new law and persons wishing to invest their capital in the hie philip can now do so under acts fram framed ed in accordance mith ft ath common law prin caples