shall, in either case, be dealt with  upon the same principle. [1964-2.] S ECTION  589 . Disposition of Proceeds of Taxes on Franchises.  — Where the grantee of any franchise, his lessees, successors, or assigns have issued bonds with interest guaranteed by the Government of the Philippine Islands the franchise tax shall accrue in  its entirety to the Insular Government until the guaranty ceases. Taxes upon franchises whose obligations are not thus guaranteed shall be applied as follows: ( a ) Where the franchise is for the operation of a submarine telegraphic cable, the entire franchise tax shall accrue to the Insular Government. ( b ) Where the franchise is for a steam railroad or marine railway operating in one or more municipalities five-tenths of the franchise tax shall accrue to the Insular Government, two-tenths to the province or provinces concerned, and three-tenths to the mu nicipality or municipalities concerned; and where more than one province participates in the provincial share, only so much of their population shall be considered in making the division as is found in the municipality or municipalities wherein the franchi se is operated in the particular province. AcHSEa ( c ) Where the franchise is for an electric or tramway line operating in one or more municipalities one-fifth of the franchise tax shall accrue to the Insular Government, one-fifth to the province or provinces concerned and three-fifths to the municipality  or municipalities concerned; and where more than one province participates the same rule of apportionment shall be observed as in the subsection preceding. ( d ) Where the franchise is for the operation of a public service plant or system different from those specified above and the same is doing business in one or more municipalities, one-fifth of the franchise tax shall accrue to the Insular Government, one-fif th to the province or provinces concerned, and three-fifths to the municipality or municipalities concerned; and where more than one province or municipality participates, the apportionment shall be in proportion to the gross receipts from the business t ransacted within their respective limits. Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Law Encyclopedia 2011 188