✨ Text of legislation
732
THE NEW ZEALAND GAZETTE.
[No. 28
In the case of bronze coins for a payment of an amount
not exceeding one shilling, but for no greater amount.
Nothing in this Act shall prevent any paper currency
which under any Act or otherwise is a legal tender from
being a legal tender.
Section 5. No piece of gold, silver, copper, or bronze, or of
any metal or mixed metal, of any value whatever, shall be
made or issued, except by the Mint, as a coin or a token for
money, or as purporting that the holder thereof is entitled to
demand any value denoted thereon. Every person who acts
in contravention of this section shall be liable on summary
conviction to a penalty not exceeding twenty pounds.
Section 6. Every contract, sale, payment, bill, note, instru-
ment, and security for money, and every transaction, deal-
ing, matter, and thing whatever relating to money, or
involving the payment of or the liability to pay any money,
which is made, executed, or entered into, done or had, shall
be made, executed, entered into, done and had according to
the coins which are current and legal tender in pursuance
of this Act, and not otherwise, unless the same be made,
executed, entered into, done or had according to the cur-
rency of some British possession or some foreign State.
Section 7. Where any gold coin of the realm is below
the current weight as provided by this Act, or where any
coin is called in by any Proclamation, every person may by
himself or others cut, break, or deface any such coin
tendered to him in payment, and the person tendering the
same shall bear the loss.
If any coin cut, broken, or defaced in pursuance of this
section is not below the current weight, or has not been
called in by any Proclamation, the person cutting, breaking,
or defacing the same shall receive the same in payment
according to its denomination. Any dispute which may
arise under this section may be determined by a summary
proceeding.
Section 11. It shall be lawful for Her Majesty, with the
advice of her Privy Council, from time to time by Procla-
mation to do all or any of the following things, namely:—
(1.) To determine the dimension of and design for any
coin.
(2.) To determine the denominations of coins to be coined
at the Mint.
(3.) To diminish the amount of remedy allowed by the
First Schedule to this Act in the case of any coin.
(4.) To determine the weight (not being less than the
weight (if any) specified in the First Schedule to
this Act) below which a coin, whether diminished
in weight by wear or otherwise, is not to be a
current or a legal tender.
(5.) To call in coins of any date or denomination, or any
coins coined before the date in the Proclamation
mentioned.
(6.) To direct that any coins, other than gold, silver, or
bronze, shall be current and be a legal tender for
the payment of any amount not exceeding the
amount specified in the Proclamation, and not
exceeding 5s.
(7.) To direct that coins coined in any foreign country
shall be current and be a legal tender at such
rates, up to such amounts, and in such portion of
Her Majesty’s dominions as may be specified in
the Proclamation; due regard being had in fixing
those rates to the weight and fineness of such
coins, as compared with the current coins of this
realm.
(10.) To regulate any matters relative to the coinage
and the Mint within the present prerogative of
the Crown which are not provided for by this
Act.
(11.) To revoke or alter any Proclamation previously
made.
Every such Proclamation shall come into operation on the
date therein in that behalf mentioned, and shall have effect
as if it were enacted in this Act.
Legal Proceedings.
Section 18. Any summary proceeding under this Act may
be taken, and any penalty under this Act may be recovered—
In any British possession, in the Courts, and before such
Justices or Magistrates, and in the manner in which the like
proceedings and penalties may be taken and recovered by
the law of such possession, or as near thereto as circum-
stances admit, or in such other Courts, or before such other
Justices or Magistrates, or in such other manner as any Act
or ordinance having the force of law in such possession may
from time to time provide.
Miscellaneous.
Section 20. The Acts mentioned in the First Part of the
Second Schedule to this Act are hereby repealed to the ex-
tent in the third column of such schedule mentioned, and
those mentioned in the Second Part of the same schedule
are hereby repealed entirely:
Provided that,—
(1.) This repeal shall not affect anything already done or
suffered, or any right already acquired or accrued.
SCHEDULES TO THE COINAGE ACT, 1870, AS AMENDED BY
SECTION 2 AND SCHEDULE OF THE COINAGE ACT, 1891.
FIRST SCHEDULE.
| Denomination of Coin. | Standard Weight. | Least Current Weight. | Standard Fineness. | Remedy Allowance. | Weight per Piece. | Millesimal Fineness. |
|---|---|---|---|---|---|---|
| Imperial Weight. | Imperial Weight. | Imperial Grains. | Metric Grains. | |||
| Metric Weight. | Metric Weight. | |||||
| Grains. | Grains. | |||||
| Gold— | 616·37239 | 612·50000 | Eleven-twelfths fine gold, one-twelfth alloy; or millesimal fineness 916·6 | 1·00 | 0·06479 | 2 |
| Five pound | 246·54895 | 245·00000 | 0·40 | 0·02592 | 4 | |
| Two pound | 123·27447 | 122·50000 | 0·20 | 0·01296 | 4 | |
| Sovereign | 61·63723 | 61·12500 | 0·15 | 0·00972 | 4 | |
| Half-sovereign | 436·36363 | 28·27590 | 2·000 | 0·1296 | 4 | |
| Silver— | 218·18181 | 14·13795 | Thirty-seven fortieths fine silver, three fortieths alloy; or millesimal fineness 925 | 1·678 | 0·1087 | 4 |
| Crown .. | 174·54545 | 11·31036 | 1·264 | 0·0788 | 4 | |
| Double florin | 87·27272 | 5·65518 | 0·997 | 0·0646 | 4 | |
| Half-crown | 43·63636 | 2·82759 | 0·578 | 0·0375 | 4 | |
| Florin .. | 29·09090 | 1·88506 | 0·346 | 0·0224 | 4 | |
| Shilling | 21·81818 | 1·41379 | 0·262 | 0·0170 | 4 | |
| Sixpence | 14·54545 | 0·94253 | 0·212 | 0·0138 | 4 | |
| Great or fourpence | 7·27272 | 0·47126 | 0·144 | 0·0093 | 4 | |
| Threepence | 0·087 | 0·0056 | 4 | |||
| Twopence | ||||||
| Penny .. | 145·83333 | 9·44984 | Mixed metal, copper, tin, and zinc | 2·91666 | 0·18899 | None. |
| Bronze— | 87·50000 | 5·66990 | 1·75000 | 0·11339 | None. | |
| Penny .. | 43·75000 | 2·83495 | 0·87500 | 0·05669 | None. | |
| Halfpenny | ||||||
| Farthing |
SECOND SCHEDULE.
First Part.—Acts partly repealed.
| Year and Chapter. | Title. | Extent of Repeal. |
|---|---|---|
| 2 Hen. 6, c. 17* .. | For regulating and as-certaining the fine-ness of silver work | So much as relates to the Master of the Mint. |
| 29 & 30 Vict., c. 82 | An Act to amend the Acts relating to the standard weights and measures, and to the standard trial-pieces of the coin of the realm | Section thirteen. |
*C. 14 in Ruffhead.
Second Part.—Acts wholly repealed.
| Year and Chapter, | Title. |
|---|---|
| 18 & 19 Cha. 2, c. 5† | An Act for encouraging of coinage. |
| 14 Geo. 3, c. 70 .. | An Act for applying a certain sum of money for calling in and recoining the deficient gold coin of this realm; and for regulating the manner of receiving the same at the Bank of |
†18 Cha. 2 in Ruffhead.
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💰
Proclamation Applying Coinage Act to Australasian Colonies
(continued from previous page)
💰 Finance & Revenue17 March 1897
Coinage Act, Proclamation, Australasian Colonies, Legal Tender, Treasury
NZ Gazette 1897, No 28