currency. 2. The currency of Canada shall be such, that the British Standard of sovereign of the weight and fineness now prescribed by the value of laws of the United Kingdom, shall be equal to and shall pass current for four dollars eighty-six cents and two-thirds of a cent of the currency of Canada, and the half sovereign of proportionate weight and like fineness, for one-half the said sum. R.S., c. 30, s. 2. DENOMINATIONS. 3. The denominations of money in the currency of Canada, Denominashall be dollars, cents and mills, the cent being one-hundredth tions in part of a dollar, and the mill one-tenth part of a cent. R.S., c. 30, s. 1. PUBLIC ACCOUNTS, DEBTS AND OBLIGATIONS. currency. 4. All public accounts throughout Canada shall be kept Public in the currency of Canada; and in any statement as to money accounts, etc. or money value, in any indictment or legal proceeding, the same shall be stated in such currency. 2. In all private accounts and agreements rendered or entered Private into, on or subsequent to the first day of July, one thousand accounts,etc., from July eight hundred and seventy-one, all sums mentioned shall be 1st, 1871. understood to be in the currency of Canada, unless some other is clearly expressed, or must, from the circumstances of the case, have been intended by the parties. R.S., c. 30, s. 2. tioned in 5. All sums mentioned in dollars and cents in The British Sums menNorth America Act, 1867, and in all Acts of the Parliament certain Acts of Canada shall, unless it is otherwise expressed, be understood to be in to be sums in the currency of Canada as by this Act established. R.S., c. 30, s. 12. 311 R-4 currency. 6. Payments in Nova Scotia from July be in Canada currency. 6. All sums of money payable on and after the first day of July, one thousand eight hundred and seventy-one, to Her late 1st, 1871, to Majesty Queen Victoria, or to any person, under any Act or law in force in Nova Scotia, passed before the said day, or under any bill, note, contract, agreement or other document or instrument, made before the said day in and with reference to that province, or made after the said day out of Nova Scotia and with reference thereto, and which were intended to be, and but for such alteration would have been payable in the currency of Nova Scotia, as fixed by law previous to the fourteenth day of April, one thousand eight hundred and seventyone, shall hereafter be represented and payable, respectively, by equivalent sums in the currency of Canada, that is to say, for every seventy-five cents of Nova Scotia currency, by seventy-three cents of Canada currency, and so in proportion for any greater or less sum; and if in any such sum there is a fraction of a cent in the equivalent in Canada currency, the nearest whole cent shall be taken. R.S., c. 30, s. 10. As to debts in B. C. and 7. Any debt or obligation contracted before the first day P. E. I. con- of July, in the year one thousand eight hundred and eightytracted be- one, in the currency then lawfully used in the province of fore July 1st, British Columbia, or in the province of Prince Edward Island, 1881. shall, if payable thereafter, be payable by an equivalent sum in the currency of Canada as hereby established. R.S., c. 30, s. 11. No bank DOMINION AND BANK NOTES. 8. No Dominion note or bank note payable in any other to be issued currency than the currency of Canada, shall be issued or notes, etc., in other currency. Gold coins may be struck for Canada. reissued by the Government of Canada, or by any bank, and all such notes issued before the first day of July, one thousand eight hundred and seventy-one, shall be redeemed, or notes payable in the currency of Canada shall be substituted or exchanged for them. R.S., c. 30, s. 3. COINS, LEGAL TENDER, ETC. 9. Any gold coins struck for circulation in Canada by authority of the Crown, of the standard of fineness prescribed by law for the gold coins of the United Kingdom, and bearing the same proportion in weight to that of the British sovereign, which five dollars bear to four dollars eighty-six cents and twothirds of a cent, shall pass current and be a legal tender in Canada for five dollars; and any multiples or division of such coin, struck by the same authority for like purposes, shall pass current and be a legal tender in Canada at rates proportionate to their intrinsic value respectively; and any such coins shall pass by such names as are assigned to them by Royal Proclam312 ation ation declaring them a legal tender, and shall be subject to the like allowance for remedy as British coin. R.S., c. 30, s. 4. or bronze federation. 10. The silver, copper or bronze coins heretofore struck by Silver,copper authority of the Crown for circulation in the provinces of coins struck Ontario, Quebec and New Brunswick under the Acts at the before Contime in force in the said provinces respectively, shall be current and a legal tender throughout Canada, at the rates in the said Legal tender. currency of Canada assigned to them respectively by the said Acts, and under the like conditions and provisions. those struck Canada. 2. Such other silver, copper or bronze coins as are by the Likewise same authority struck for circulation in Canada, shall pass cur- for circularent and be a legal tender in Canada, at the rates assigned to tion in them respectively by Royal Proclamation, such silver coins being of the fineness now fixed by the laws of the United Kingdom, and of weights bearing respectively the same proportion to the value to be assigned to them which the weights of the silver coins of the United Kingdom bear to their nominal value. amount. 3. All such silver coins aforesaid, shall be a legal tender to To what the amount of ten dollars, and such copper or bronze coins to the amount of twenty-five cents, in any one payment. of notes. 4. The holder of the notes of any person to the amount of As to holders more than ten dollars, shall not be bound to receive more than that amount in such silver coins in payment of such notes, if presented for payment at one time, although any of such notes is for a less sum. R.S., c. 30, s. 5. coins of 11. No other silver, copper or bronze coins than those which No other the Crown has heretofore caused to be struck or may hereafter silver or cause to be struck for circulation in Canada, or in some pro- copper to vince thereof, shall be a legal tender in Canada. R.S., c. 30, tender. s. 6. be legal gold coins. 12. His Majesty may, by proclamation, from time to time, As to foreign fix the rates at which any foreign gold coins of the description, date, weight and fineness mentioned in such proclamation, shall pass current, and be a legal tender in Canada: Provided that Proviso as to U. S. eagle. until it is otherwise ordered by any such proclamation, the gold eagle of the United States of America, coined after the first day of July, one thousand eight hundred and thirty-four, and before the first day of January, one thousand eight hundred and fifty-two, or after the said last-mentioned day, but while the standard of fineness for gold coins then fixed by the laws of the said United States remains unchanged, and weighing ten pennyweights, eighteen grain, troy weight, shall pass current and be a legal tender in Canada for ten dollars. 2. The gold coins of the said United States being multiples U. S. gold and halves of the said eagle, and of like date and proportionate coms. weights, shall pass current and be a legal tender in Canada for proportionate sums. R.S., c. 30, s. 7. Proof of Defaced coin not a legal tender. Redemption of light coin. By person to whom tendered. Who shall bear the loss. Disputes, how decided. Revenue officers to coin. 13. The stamp of the year on any foreign coin made current by this Act, or any proclamation issued under it, shall establish prima facie the fact of its having been coined in that year; and the stamp of the country on any foreign coin shall establish prima facie the fact of its being of the coinage of such country. R.S., c. 30, s. 8. 14. No tender of payment in money in any gold, silver or copper coin which has been defaced by stamping thereon any name or word, whether such coin is or is not thereby diminished or lightened, shall be a legal tender. R.S., c. 30, s. 9. REDEMPTION OF COINS. 15. The Minister of Finance may, under regulations of the Governor in Council, redeem any silver, copper or bronze coins issued for circulation in Canada which by reason of abrasion through legitimate usage are no longer deemed fit for circulation. 6 E. VII., c. 8, s. 1. COUNTERFEIT OR DIMINISHED COIN TO BE BROKEN. 16. If any coin is tendered as current gold or silver coin to any person who suspects the same to be diminished otherwise than by reasonable wearing, or to be counterfeit, such person may cut, break, bend or deface such coin, and if any coin so cut, broken, bent or defaced appears to be diminished otherwise than by reasonable wearing, or to be counterfeit, the person tendering the same shall bear the loss thereof; but if the coin is of due weight, and appears to be lawful coin, the person cutting, breaking, bending or defacing it, shall be bound to receive the coin at the rate for which it was coined. 2. If any dispute arises whether the coin so cut, broken, bent or defaced, is diminished in manner aforesaid, or counterfeit, it shall be heard and finally determined in a summary manner by any justice of the peace, who may examine, upon oath, the parties as well as any other person, for the purpose of deciding such dispute, and if he entertains any doubt in that behalf, he may summon three persons, the decision of a majority of whom shall be final. 3. Every officer employed in the collection of the revenue in destroy such Canada shall cut, break or deface, or cause to be cut, broken or defaced, every piece of counterfeit or unlawfully diminished gold or silver coin which is tendered to him in payment of any part of the revenue in Canada. Definition. 4. For the purposes of this section current gold or silver coin' includes any coin which it is by Part IX. of the Criminal Code defined to include. R.S., c. 167, s. 26. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. CHAPTER 26. An Act respecting the Ottawa Branch of the Royal 1. Mint. This Act may be cited as the Ottawa Mint Act. 1 E. VII., Short title. c. 4, s. 1. ment of 2. There shall be payable to His Majesty in every year, out Yearly payof the Consolidated Revenue Fund of Canada, a sum or sums $75,000. not exceeding in the whole in any year seventy-five thousand dollars, for defraying the salaries, contingencies, retiring and other allowances and expenses connected with the maintenance of the Ottawa Branch of the Royal Mint. commence. 2. Such yearly payments shall take effect and begin to run When payon the day upon which a proclamation issued in England by ments shall His Majesty is duly published in Canada, directing that a branch of the Royal Mint be established at or near Ottawa. 1 E. VII., c. 4, s. 2. time of pay 3. The said sums of money shall be paid by the Minister of Mode and Finance to such persons, and at such times, and in such man- ment. ner as the Lords Commissioners of His Majesty's Treasury direct; and the Minister of Finance shall account to His Majesty for the said sums through the said Lords Commissioners in such manner and form as His Majesty is pleased to direct. 1 E. VII., c. 4, s. 3. shall be dealt 4. From and after the day on which the aforesaid yearly How fees payments commence, all sums, by way of fees, dues or charges, with. lawfully received or collected at the Ottawa Branch shall be from time to time accounted for and paid over by the Deputy Master, or other proper officer of the said branch, to the Minister of Finance, to be by him paid into the Consolidated Revenue Fund of Canada. 1 E. VII., c. 4, s. 4. OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty. 315 |