Coinage Act, 1950
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PART II. Coinage, other than gold coinage. | ||
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Provision of cupro-nickel and bronze coins. |
5.—(1) The Minister may provide cupro-nickel and bronze coins of the several denominations specified in column (1) of the Second Schedule to this Act, and may take such steps as he thinks proper for the provision of such coins. | |
(2) Every coin provided under this section shall be of the standard weight specified in respect thereof in column (2) of the Second Schedule to this Act. | ||
(3) (a) Every coin provided under this section shall be of the standard composition specified in respect thereof, in column (3) of the Second Schedule to this Act or, if it is a cupro-nickel coin, such other standard composition as may be substituted therefor by an order under paragraph (b) of this subsection. | ||
(b) The Minister may, in respect of any cupro-nickel coins of a particular denomination provided under this section by order amend the Second Schedule to this Act by substituting, for the standard composition specified therein in respect of those coins, such other standard composition as he thinks fit. | ||
(4) There shall be allowed in respect of coins provided under this section the remedy (or variation from the standard weight and standard composition) stated in respect thereof in column (5) of the Second Schedule to this Act. | ||
(5) The several denominations of coins provided under this section shall respectively bear to the Irish pound the fractional values stated in column (4) of the Second Schedule to this Act. | ||
(6) The Minister may by regulations prescribe the dimensions and design of the several denominations of coins to be provided under this section and every coin provided under this section shall be of the dimensions and design so prescribed in respect thereof. |