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slready contracted, or hereafter to be contracted, at and after the rates respectively following, save and except a9 is hereinafter excepted, that is to say, the Sovereign at the rate of Thirty Shillings, or One Pound and Ten Shilings, the Doubloon at the rate of Ninety-six Shil- lings, or Four Pounds and Sixteen Shillings, and the Ragle at the rate of Sixty Shillings, or Three Pounds, and the several subdivisions, or aliquot parts of these Coins at and after the same rates, and in the same pro- portion as such respective subdivisions bear to the So- vereign, Doubloon, or Bagle respectively, of which they are such equal parts.

II]. And be it enacted, That all British Silver Coins shall and may in like manner be respectively received, paid, and legally tendered in payment, satisfaction, and discharge of any Debts, Sums of Money, duties, obli- gations, liabilities, or demands whatsoever at and after the following rates, that isto say, the British Silver Crown piece at and after the rate of Ninety Pence, or Seven Shillings and Sixpence ; the British Silver Half Crown piece at and after the rate of Forty-five pence, or Three Shillings and Ninepence; the British Silver Shilling at and after the rate of Eighteenpence, or One Shilling and Sixpence ; and the British Silver Sixpence at and after the rate of Ninepence, and any other or smaller subdivisions of the British Silver Shilling at and after the same rate, and in the same proportion, as such respective subdivisions bear to the British Shilling, of which they are such parts,

Ill. And be it enacted, That the United States, Peruvian, Mexican, Chilian, and Spanish Milled Silver Dollar of Central America, being of not less weight than Four Hundred and Twelve Grains, shall and may in like manner be respectively received, paid, and legal- ly tendered in payment, atand after the rate of Six Shillings and T'wopence each, and all the subdivisions or aliquot parts of the said respective Dollars, shall and may in like maaner, be respectively received, paid, and jegally tendered in payment, at and after the respective rates following, that is to say, the Half Dollar at Three Shillings, the Quarter Dollar at One Shilling and Six-

ence, and the Eighth part of a Dollar at Ninepence:

rovided always, That ifany Nation or State should have issued,or may hereafter issue,a Coinage of Dollars, which an assay of Her Majesty’s Mint,or of the Mint of the Unit- ed States of North America, shall have authenticated, or may authenticate, to contain less pure Silver than Three Hundred and Seventy Grains to Four Hundred and Twelve Grains of alloyed Metal in each Dollar, neither any Dollars nor their fractional parts issued by such Nation or State, shall bea legal tender under this act.

IV. And be it enacted, That the French Silver Coin ealled a Five Franc piece, and all the subdivisions or aliquot parts thereof, shall and may in like manner be respectively received, paid, and legally tendered at and after the rate of Five Shillings and Sixpence each, and the subdivisions or aliquot parts at the same rate and proportion which such aliquot parts bear to such Five Franc piece, of which they are parts.

V. And beit enacted, That the Pence and Half- pence legally current in the United Kingdom, and in the adjacent Provinces of Canada, Nova Scotia, and

THE EXAMINER,

provided this Act had never been made, any thing here- in contained to the contrary notwithstanding. |

VII}, And be it enacted, That all Accounts, Debts. and Money obligations whatsoever that may hereafter be contracted, or payable in the Currency of this Island, shall be liquidated at the value of Coins specified in this Act, and any Debts that shall be or may be contracted and payable in the Currency of any other British Colo- ny, or in thatof any Foreign nation, shall be converted into the Currency of this Island, and be recoverable in such proportion that the weight or intrinsic value of Gold and Silver, or the equivalent, if Gold and Silver, in Treasury Notes shal] be equal in the Currency of this Island, to the aforesaid Colonial or Foreign Cur- rency in which said Money, Obligation, or Debt shall be, or may have been contracted or payable.

IX. And be it enacted, That asin certain cases the Fees in public offices have been defined by Statue to be payable in Sterling Money, and as it has been custo- mary heretofore in the payment of said Fees to convert the Sterling into Currency by the addition of one-ninth part, such Fees shal! continue to be paid and received at the usual rates, any thing in this Act to the contrary notwithstanding.

X. And whereas it is expedient to make provisions for the issue of a further amount of Treasury Notes in this Island, and to provide for the redemption and pay- ment of such Notes, and of the Notes already in circu- lation, on demand: Be it therefore enacted, That on, and from, and after the publication inthe Royal Gazette of this Island, of Her Majesty’s assent to this Bill, it shall not be lawful for the Treasurer of this Island to indorse for Interest, any Treasury Warrant, which may or shall, after the passing of this Act, be issued by the Executive Government of this Island, toany person or persons whomsoever, in payment for public services or otherwise ; but all Debts and Obligations of what des- cription or nature soever, payable at the Treasury of this Island, are hereby required to be payed and dis- charged by the Treasurer in such Treasury Notes as are now in circulation within this Island, or which may or shal] hereafter be issued or put in circulation within the same, under, or by virtue of any Act or Acts of this Island, which now are, or shall or may hereafter be en- acted for regulating the issue of Treasury Notes.

Xf. And be it further enacted, That upon Her Majesty’s assent to this Bill being given, it shall be lawful forthe Lieutenant Governor or other Administra- tor of the Government for the time being, by and with the advice of Her Majesty’s Council, to appoint some fit and proper person to be denominated the “ Currency Officer,” whose duty it shall be to receive the Treasury Notes, when signed by the Commissioners and T'rea- surer, as heretofore accustomed, and to issue such Notes to the T'reasurer of this Island when directed so to do, and te pay all Treasury Notes when presented at the Office of such Currency Office for payment, under the directions and provisions hereinafter contained, or under such directions and provisions as may from time to time be lawfully made by the Lieutenant Governor or other Administrator of the Government for the time being, under the provisions of this Act, and that a yearly sal- ary of Two Hundred Pounds shall be paid quarterly to

New Brunswick, shall be current, paid and received as Penny and Halfpenny pieces currency : Provided always, ‘That no person shall be obliged to receive at any time, payment of more than Kighteen pence, or One Shilling and Sixpence Currency, in Copper Money ; and provided also, That in payment, no account shall be taken of, or payment be required for, any fractional part remaining due, less than one half-penny.

VI. And be it enacted, That in all payments made with the smaller pieces of Gold or Silver Coins, being subdivisions or aliquot parts of the respective Coins, mentioned in the preceding clauses of this Act, no emaller fraction than one Half-penny shali be calculated ra the proportional value thereof, unless several of these shall be paid together, so as to amount to the value of a Crown or Half Crown piece, when the same shall be received for the full eer value which they bear in

ion with the same larger pieces. 2 Pvt. And whereas by this Act, One Pound of British Sterling money is hereafter to be represented by One Pound and ‘Ten Shillings Currency, according to the respective rates or value of the several Coins hereinbe- fore mentioned, and at which they are by this Act fixed and determined, and to be hereafier a legal tender: And whereas there exist Leases, Bonds, and other mon- etary obligations voluntarily entered into by the parties thereto, previous to the passing of this Act, reserving Rents payable in, and setting forth, that the payments therein expressed to be made, shall be payable in Ster- ling Money of Great Britain, and it therefore becomes necessary to declare that the provisions of this Act are not intended in any way or manner to affect such ee Bonds, or other monetary obligations : Be it therefore euacted and declared, that nothing In this Act contain: | ed shall extend, or be construed to extend to affect / Lease, Bond, or other monetary obligation, made * | entered into before the passing of this Act, wherein the Rant reserved, or Money payable thereunder as Is ex- pressed to be piyable in Sterling Money of Great Brit- jan, or in other words, which by Law bear an senesiae| tion, that such payment was intended by the ene to be made in sterling money of Great Britain, on the same shall be and remain subject to the same! legal interpretation and construction 1n every respect, |

: 1 hie , ap the same would by Law have been su ect to, |

such Currency Officer, out of the Treasury of this Island ; lsuch Currency Officer, before entering on the duties lof his Office, to enter into a Bond to Her Majesty, Her ‘Heirs, and Successors, with one or more good and suffi- cient Sureties, in the sum of Ten Thousand Pounds, for the due and faithful accounting for all sums of Mo- ney which may come to his hands, and for the faithful discharge of the duties of his Office.

XII. And be it enacted, That so soon as the assent!

109

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and transferred; Provided always, that whenever, dur- ing the progress of the double issue of such Treasury Notes, there shall occur a deficiency in the Gold and Silver Coin, according tothe intention of this Act, necessary tobe kept in the said Currency Office to make up the proportion of One Pound of such Gold and Silver Coin, for every Two Pounds of such Treasury Notes in circulation, and such deficiency shall exceed the sum of Five Hundred Pounds, then and until such deficiency in the Gold and Silver Coin by this Act, in- tended to be always kept inthe said Curreny Office, shall be restored, it shall not be Jawful for the said Currency Officer to issue to the said Treasurer, any greater amount of Treasury Notes than in the propor- tion of One Pound of such Treasury Notes, for every Pound of Gold and Silver which may be so paid into the said Currency Office, by the Treasurer as aforesaid; and further provided, that when and so soon as the Notes so to be issued, together with the Treasury Notes already in circulation, by authority of certain Acts of the General Assembly of this Island, shall amount to the suin of Thirty-five Thousand Pounds, it shall not be lawful for the Commissioners for the issne of T'rea- sury Notes to sign or deliver to the said Currency Officer, any further amount of Notes, except such as may be required to replace Notes cancelled or destroy- ed by the said Commissioners.

XIV. And be it enacted, That it shall and may be lawful for the Currency Officer, and he is hereby directed and required to pay and satisfy, at his Office, in Gold and Silver Coins, at and after the respective rates and valnes by this Act determined and fixed, be- tween the hours of ten and three o’clock, of every day, Sundays and Holidays excepted, ail Treasury Notes now in circulation in this Island, under or by virtue of any Act or Acts of this Island now in force relating to the issue of Treasury Notes, or such as shalj] or may hereafter be issued under or by virtue of this Act, so as the amount of such Treasury Notes presented by any one individual, shall amount to the sum of Fifty Pounds, and any Treasury Notes so paid into the Currency Office, shaJ] not be re-issued therefrom to the Trea- surer, orto any other person, save and except in ex- change for an equal amount in Gold and Silver.

XV. And be it enacted, That so soon as the Gold and Silver collected and deposited in the Currency Office shall exceed the sum of Eight Thousand Five Hundred Pounds, by the amount of Five Hundred Pounds, it shall be lawful for the Lieutenant Governor, or other Administrator of the Government for the time being, by and with the advice of his Council, to instruct the Colonial Secretary, in conjunction with the Officer of the Currency, to proceed to open an account with any Bank in Great Britain, or in any one of Her Majesty's North American Colonies, and trom time to time to re- mit thereto any sum or sums over and above the amount of Eight Thousand Five Hundred Pounds, intended to be kept at all times in reserve in the Currency Office of this Island.

XVI. And be it enacted, That it shall not be lawfu! for the Treasurer to receive at his Office, in payment of Dues, Duties, Imposts or Assessments, any Coins not enumerated and legalized by the provisions of this Act, nor any Notes, save and except uf ’Freasury Notes of this Island.

XVII. And be it enacted, That from and after the Assent of Her Majesty to this Bill, it shall not be Jawful for the 'Preasurer to indorse any Warrants for Interest, but all Warrants issued after such Assent, shall be paid by the Treasurer on being presented for payment at his Office, in Treasury Notes; and no Warrants now issued, or which shall be issued previous to Her Majesty’s as-

of Her Hajesty to this Act shall be received, and there sen: to this Act being given as aforesaid, and indorsed shall be accumulated in the ‘Treasury of this Island, in for [nterest, shal] be paid by the Treasurer, until the Gold and Silver Coins, the sum of Five Thousand Seven! jose of each financial year, when upon the public ac- Hundred and Fifty Pounds, it shall be lawful for the counts being made up, and the actual surplus of Re- ‘Lieutenant Governor, or other Administrator of the Go-' venue, over and above tbe expenditure of such year ivernment for the time being, by and with the advice being correctly ascertained, it shall be lawful for the and consent of his Council, to order and direct the Lieutenant Governor or Administrator of the Govern- Treasurer to pay over the said sum of Five Thousand ment for the time being, to order and direct the T'rev- Seven Hundred and Fifty Pounds to the Officer of the surer to call in and pay off such amount of ‘Treasury Currency, who shal] give a receipt for the same, and it Warrents bearing Interest, as may be deemed expedi- shall be the duty of the Currency Officer to report the ont, receipt of snch amount of Gold and Silver, to the Lieu-) YX y{[f, And be it enacted, That all Treasury Notes tenant Governor or other Administrator of the Govern-| now jn circulation in this Island, under and by virtue ment for the time being, and it shall be lawful for the of any Act or Acts of this Island, relating to the iss’ ¢ Lieutenant Governor or other Administrator of the Go-| of Treasury Notes, or such as shall or may hereafter vernment, thereupon to issue a Proclamation to the fol-'he issued under or by virtue of the authority of this lowing effect:— Act, are hereby declared to be valid asa Tender to “That the Treasury Notes of this Island, issued un-|the amount expressed in such S'reasury Note or Notes, der the authority of certain Acts of the General Assem-jand shall be taken to be valid asa Tender to such bly of this Island, entitling the holders to receive the! amount for all sums of money, and on all occasions on several amounts specified therein, at the Treasury of which any tender of money may be legally made, so this Island, shall, from the date of such Proclamation, Jong as the said Currency Officer shal] continue to be payable in specie on demand, at the Currency Office|pay on demand the said Treasury Notes in legal Coin.

of this Island, on any day of the week, holidays except-| XIX. And be it enacted, ‘Phat from and atrer the ed, between the hours of ten, a. m., and three, p, m.,;Royal assent being given to this Act, itshall be law- when presented in sums of not less than Fifty Pounds.”|ful for the Lieutenant Governor, or other Administre-

XIIf. And be it enacted, That it shall be the duty of|tor of the Government for the time being, by and with the Treasurer, upon the last day in each and every week, |the advice of Her Majesty’s Exegutive Council, (for the or oftener if need be, to pay over all the Gold and Silver|purpose of carying outand giving effect to the provis- Coins received at the Treasury, (in payment of Duties. | ions of this Act.) in addition to the Treasury Notes [mposts, or Assessments,) to the said Issue Department ‘now in circulation from time to time, to order and direct or Officer of the Currency, and thereupon the said|a further issue of Treasury Notes in such manner, i: Officer of the Currency shall deliver out of the suid] conformity with, aod in pursuance of the Provisions, Issue Department to the said Treasurer, Notes of this|and under the restrictions and limitations in this Acé

i . . island, to double the amount of the specje so paid over! hereinbefore contained, such Is Be the whole pot ';

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