ORDINANCES Nos. 1 AND 2 OF 1864.
Conversion of British Currency.
Mint.
Dollar shall be legal tender of payment for any sum not exceeding two dollars and such copper or bronze coins as may be issued from our Mint representing the cent or one hundredth part or the mil or cash representing one thousandth part of the said Dollar shall be legal tender of payment for any sum not exceeding one dollar:
And we do hereby further ordain and declare that the silver and copper coins to be issued from our Mint as aforesaid shall be prepared as follows:-
The silver pieces of money shall be prepared of silver containing twenty per cent of alloy. Every such piece shall have for the obverse impression our effigy crowned, with the inscription "Victoria Queen" and for the reverse impression an inscription indicating the value of the piece in cents of a dollar with the words "Hongkong" and the date of the year, and the same inscription repeated in Chinese characters.
A copper piece representing one hundredth part of a dollar shall have for the obverse impression our effigy crowned, with the inscription "Victoria Queen" and for the reverse impression the inscription "One Cent Hongkong" with the date of the year, and the same inscription repeated in Chinese characters.
Another copper piece representing one thousandth part of a dollar shall be perforated in the centre, and have for the obverse impression the inscription "V.R." surmounted by a Crown, with "Hongkong, One Mil" and the date of the year, and for the reverse impression the inscription Hongkong One Cash or One Mil represented in Chinese characters.
575
B
No. 2 of 1864.
An Ordinance for establishing a Mint in the Colony of Hongkong.
[26th February, 1864.]
Be it enacted by His Excellency the Governor of Hongkong, with the advice of the Legislative Council thereof, as follows:-
1. That a Mint be established in Hongkong on such site as the Governor or Officer Administering the Government of the Colony may approve; that a chief officer thereof shall be appointed under the title of Master, who shall be empowered to coin silver coin of such weight and fineness and of such designs as may from time to time be approved by Her Majesty, from dies to be furnished by the Master of the Royal Mint under such regulations as may be prescribed by the Lords Commissioners of Her Majesty's Treasury.
2. That it may be lawful for the Governor or Officer Administering the Government of the Colony, by and with the advice of the Executive Council, to frame regulations under which the Mint shall receive silver bullion and coin the same; and to authorize the retention (without reference to any charge which may be imposed for the expense of refining such bullion) of such proportion thereof, or of the coin struck therefrom, by way of a Mint charge or seignorage, as shall be sufficient to defray the expenses attending the coinage; and to alter or amend such regulations from time to time as may be found necessary.
Title.
Empowering the Governor to establish a Mint.
To appoint a Master.
Master to be empowered to coin silver coin.
Governor to frame regulations for reception at Mint of silver bullion, &c.