Section 88. Article 329 of the same Act, as amended by Commonwealth Act No. 3999, is hereby further amended to read as follows:

"ART. 329. Other mischiefs. - The mischiefs not included in the next preceding article shall be punished:

"1. By arresto mayor in its medium and maximum periods, if the value of the damage caused exceeds Two hundred thousand pesos (P200,000);

"2. By arresto mayor in its minimum and medium periods, if such value is over Forty thousand pesos (P40,000) but does not exceed Two hundred thousand pesos (P200,000); and

"3. By arresto menor or a fine of not less than the value of the damage caused and not more than Forty thousand pesos (P40,000), if the amount involved does not exceed Forty thousand pesos (P40,000) or cannot be estimated.”