Special press features. 1954. Naval charter for lease of vessels to the Philippines, under Public law 454, 79th Congress, agreement between United States and Republic of Philippines, modifying agreement of Mar. 21, 1947, effected by exchanges of notes signed Manila Sept. 26 and Dec. 9, 1947 and May 6 and Jane 7, 1948; entered into force June 7, 1948.