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MUDA.
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Section 9. Foreign coins may be declared current by Proclamation.
Section 10. Gold tenders by tale, &c.
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11. Existing liabilities, how discharged. 12. Future contracts.
13. Penalty for counterfeiting coin.
14. Penalty for uttering false coin.
Coins in circulation.-British and American gold and silver coins, the foreign gold doubloon, and the Peruvian, Mexican, and old Spanish dollars, and the several divi- sions of such coins.
Amount of coin in circulation estimated at about 100,0001, but the greater part of the trade of the Colony is effected in barter, and it is therefore impossible to give any accurate statement under this head.
Paper Currency-The Union Bank of Newfoundland circulated notes in the year ended 31 May 1879 to the extent of 131,0641., and the Commercial Bank to the extent of 76,9191.
Accounts are kept by the Government in dollars and conts.
BERMUDA. Imperial Acts.
16 & 17 Fict. cap. 48. For the punishment of offences in the Colonies in relation to the coin.
29 & 30 Vict. cap. 65. To enable Her Majesty to declare gold coins to be issued from Her Majesty's Colonial Branch Mints a legal tender for payments, and for other purposes relating thereto; and
39 & 40 Vict. cap. 36., Customs Laws Consolidation, sec. 150., prohibits base coin from being imported into British Possessions.
Orders in Council.
Unable to say what Orders in Council may be in force, the records of the Colony being too imperfect to show.
Local Acts.
upon foreigi 1707. An Act for setting a current value gold. Pistoles of gold, weighing four pennyweight and six grains, to pass current at 24s. Half pistoles and
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chicquins of half the said weight at 123., double pistoles at 48s., and for every grain the said pistoles, "double pistoles, halves and chicquins shall weigh more or less than is afore expressed, shall be allowed threepence. See Queen Anne's Proclamation, 18 June 1704; repub- lished in the Bermuda Gazette of 25 May 1841.
1787. An Act for setting a value on foreign gold current in these Islands. Each and every grain con- tained in any foreign gold coin current in the Islands to pass current for threepence current money of the Islands.
1841. An Act to provide for the assimilation of the currency and moneys of account of the Bermuda Islands to the currency and moneys of account of the United Kingdom of Great Britain and Ireland.
Sec. 1. Currency of the United Kingdom to be the currency of Bermuda.
Sec. 2. All contracts made before commencement of Act to be discharged after then at the rate of 1001. British currency for every 1667. 13s. 4d. of the then Bermuda currency.
Sec. 3. All taxes, &c. to be converted into British currency at that rate, and accounts to be kept accord- ingly.
Sec. 4. Balances in the public books to be transferred into British currency.
Sec. 5. Act not to take away any franchise.
Sec. 6. Not to prevent any dealing in foreign cur- rency.
Sec. 7. Liabilities by implication of law, on matters prior to the Act, to be deemed liabilities prior to the Act.
Sec. 8. The several copper, silver, and gold coins of the United Kingdom to circulate in Bermuda at the same rates as in the United Kingdom. This section repealed by Act of 1861, which see.
Sec. 9. The Spanish, Mexican, and Columbian gold coins called doubloons (weighing not less than 17 pennyweights and 8 grains each) and also the Spanish, Mexican, and Columbian silver coins, called dollars, (weighing not less than 17 pennyweights 8 grains each), and the several aliquot subdivisions of those coins of proportionate weight, to circulate and be current at the following rates--the said doubloons at the rate of 31. 4s. each of current money of the United Kingdom,
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