the dollar
shall be
declared to
be the only legal tender,
all other coins being left to find their
Value
however that
obligations of
1%
contracted
be
British
On
secured
the existing
Jurisdiction
Government
the denomination
should
be discharged by the
payment of dollars at
the rate of
4/2
But several questions
remain
to be settled
first, what coin is
to be a legal tender in
payment of sums less
than
one dollar,
secondly whether
and if any, to what provision
is made for the indemnification
of persons who are in possession of Sovereigns
at the moment when
they are
demonetized or
who are subject to
obligations which before
the revocation
of
the
existing Proclamation
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