B.
DRAFT BILL
based on law in force in the Straits Settlements for consideration of the Subsidiary Coin Committee.
A BILL
ENTITLED
An Ordinance to regulate the Import and Export
of Coin into and from the Colony.
Be it enacted by the Governor of Hongkang, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Coinnge Ordin- ance, 1907.
2. For the purposes of this Ordinance the term “hanker” Interpreta-- shall mean any corporation carrying on the business of tion: bankers or financial agents in the Colony and the term
CL
Banker," Money-
mouey-changer" shall mean a person who carries on the changer. business of money-changing as his chief business.
3.—(1.) Subject to the approval of a Secretary of State it. Prohibition shall be lawful for the Governor in Council by Order to by Governor prohibit the importation into the Colony of sucli coins whe- in Council
of importa- ther legal tender within the Colony or not as are in such Order specified.
tion, export-
ation and circulation
(2.) It shall be lawful for the Governor in Conneil of coin. subject to the like approval by Order to prohibit the export- ation from the Colony of such coins being legal tender within the Colony as are in such Order specified.
(.) It shall be lawful for the Governor in Concil by Order to prohibit the circulation in the Colony of such foreign coins not being legal tender within the Colony ns are in such Order specified.
(4.) It shall be lawful for the Governor in Council by Order to exempt any Country or State from the operation of any Onder prohibiting the import into or export from the Colony of such coin as are in such Order specified.
4. Every such Order may subject to the like approval Orler may be be rescinded or varied in such manner as the Governor in rescinded or
varied. Council may see fit.
5. Every such Order shall be published in the Gazette Publication and shall not come into force until so published.
of Order.
6.-(1.) If any person in contravention of any such Order Penalty for import or export or attempt to import or export any coin importing in such Order specified to the amount of five dollars in or exporting
coin in con- nominal value or upwards in the case of copper or bronze travention coin or of twenty-five dollars in nominal value or upwards of Order. in the case of silver coin he shall be liable on conviction before a Magistrate to a fine not exceeding one thousand dollars and any coin so imported or exported or attempted to be imported or exported in contravention of any such Order shall be forfeited.
(2.) In any case in which it has been proved to the satisfaction of a Court that coin has been exported in con- travention of any such Order as aforesaid it may impose in addition to the fine authorised by this section a further penalty not exceeding the amount or value of the coin so found to have been exported.
(3.) The provisions of this section shall not apply to any coin imported or exported under a licence in writing under the hand of the Colonial Secretary or of any officer ap- pointed in that behalf by the Governor. Every snch licence shall specify the terms on which such coin may be imported or exported as the case may be.