Show Follows Laws of United States Washington Tho Philippine commission com-mission has just enacted a corporation law patterned after tho corporation acts generally In force In tho United States Up to the present time tho only law under which capital could incorporate In-corporate In tho Philippine Islands was tho old Spanish code of commerce Tho provisions of this codo In so far as they relate to tho organization of business corporations according to tho Philippine officials aro archaic and Illadapted to tho needs of modern commerce as conducted by English shipping people They aro repealed by tho new law and persons wishing to Invest their capital In the Philippines Philip-pines can now do so under acts framed In accordance with common law principles prin-ciples |