Auditor shall fix the amount of any loss insured against under this chapter and with the approval of the Governor-General shall certify the same to the Insular Treasurer, who shall thereupon liq uidate the liability in accordance with the Auditor's certification; but in the case of property owned by the Insular Government such amount shall only be so certified and made available, in the discretion of the Governor-General, for the restoration by co nstruction, repair, purchase, or otherwise, of the specific property damaged or destroyed. [1728; 2140.] SECTION  428 . Constitution of Property-Insurance Fund. — The property-insurance fund shall be constituted and maintained as a permanent reimbursable fund, and shall consist of all moneys that heretofore have been or should have been lawfully covered into th e "insurance fund", as heretofore constituted, and of its own future accretions resulting either from profit on investments, from premiums, or the continuing annual appropriation thereto. HIaAED [1728-1, 4, 5.] Until such time as the property-insurance fund shall reach five hundred thousand pesos there shall accrue to it, from any funds in the Insular Treasury not otherwise appropriated, a continuing annual appropriation of fifty thousand pesos and thereafter a s imilar appropriation of such sum or sums, not in excess of fifty thousand pesos, as may be necessary to maintain the fund at that level. cHCIEA [1728-5.] In case the total claims payable from the fund shall at any time exceed the capital, surplus, and reserves pertaining thereto, the amount necessary to cover such deficit shall be advanced from the general surplus of the Insular Government until such time a s the overdraft shall have been offset by the future net earnings of the fund. DSAacC [2437-1.] SECTION  429 . Regulations for Carrying Law into Effect . — The necessary regulations for the effectuation of the purposes of this chapter shall be promulgated by the Insular Treasurer, with the approval of the Governor-General. [1728-3.] CHAPTER  19 Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Law Encyclopedia 2011 135