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Section
8.
RESULTS OF SURVEY.
Contractual terms; duration (8.2);
repurchase of redemptions (8.3); basis for
royalty payments (8.4) ; specifications (8.5);
legal tender status (8.6);
distribution:pricing (8.7);
(8.8);
distribution (8.9);
sales and
production limits
volume of issues
redemptions
(8.10); royalty income (8.11);
(8.12);
9. •
CONCLUSIONS.
10.
legislation (8.13).
Distinction in approach between US and UK
companies (9.2); uncertainty about future of
coin market (9.3);
moral obligation of
territories to redeem; lack of necessary
reserve funds;
sizeable contingent liability
for HMG (9.4); deviation from "ordinary"
coinage; unreliable source of revenue (9.5);
how redemptions might appear (9.6).
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POSSIBLE COURSES OF ACTION.
Possible measures by dependencies which, singly
or in some combination, would help to remedy
past and safeguard future (10.1); aim to
minimise risk
1. Issue no more coins.
2. Issue fewer coins and/or at less frequent
intervals.
3. Return to traditional issuing practices.
4. Provide for 100% cover for all numismatic
coins.
5. Provide for substantial cover but less
than 100%.
6. Include bullion content as backing asset.
7. Renounce redeemability.
8. Remove legal tender status and demonetise.
9. Guarantees by promotional companies.
10. Tighten restrictions on redemption of coins.
11. Stop the issue of specimen coins.
12. More stringent control by HMG.
13. Commercial insurance against redemption.
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