Section 3. The Director of Forestry shall submit an annual report to the President of the Philippines, through the Secretary of Agriculture and Commerce, on the results of the work accomplished under this Act, specifying the location and area of the sections reforested or afforested, the costs of the works, the income derived from this Act, including the sale of disposition of the products derived from such plantations, and such other data as may, in his judgment, be found necessary for the information of the President.