Coinage Act, 1926
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Provision and issue of silver, nickel, and bronze coins. |
2.—(1) The Minister may provide and issue silver, nickel, and bronze coins of the several denominations specified in the first column of the Schedule to this Act, and may take such steps for the provision and issue of such coins as he shall think proper. | |
(2) Every coin issued under this Act shall be of the standard weight and the standard fineness specified in respect thereof in the second and third columns respectively of the Schedule to this Act, but there shall be allowed in respect of all such coins the remedy (or variation from the standard weight or the standard fineness) stated in respect thereof respectively in the fifth column of the Schedule to this Act. | ||
(3) The several denominations of coins issued under this Act shall respectively bear to the sovereign the fractional values stated in the fourth column of the Schedule to this Act. | ||
(4) The Minister may by order prescribe the dimensions and design of the several denominations of coins to be issued under this Act and every coin issued under this Act shall be of the dimensions and design so prescribed in respect thereof. |