TNAG-0717-FCO40-914-Banking-and-monetary-matters-in-the-Dependent-Territories-is-1978 — Page 161

Territory

Expenses met by territory

Method of Distribution

Value of Redemptions

Legislation

"Backing" Requirement

Is Bullion included?

Notes & Coin in Circulation

Belize

Bermuda

Design - $750 per

denomination

Dating - $250 p.a.

(c) Transport, etc. of coins

purchased from

Pranklin for local sales.

(d) Bone.

Mail order

None

Direct sales outlets

Monetary Authority

Ord. 1976

50% of notes à coin and

liabilities to customers.

No

|BZ$13.64 mm. (and 1976)

Bermuda Monetary

Direct by HMA, mail order,

bank retail outlets.

Bone

Authority lot, (Amend)

1969

1973

100% for notes, but none

20

No

BD$13.44 mm. (and 1976)

1974

for coins.

1975

1976

Legal Tender Ord.

1959

EI

Cone

(1) Mail order

(2) Direct by banks in BVI US$20,000

(Amend)

1967

Coinage and Legal Tender

None

No

and by Treasury.

(Ord.)

1973

(Amend)

1974

Cayman Islands

Jone

383

Mail order

US$29,000

Currency Law

(Amend)

1974

Bank marketing

1975 100% Notes and Coins 1976

No

CI$2.31 m. (end 1976)

Royal Proclamation

All notes and coing

No

Falkland Islands

Tone

None

(draft legislation under review)

(except proof) are

(included in draft leg)

Notes only £208,300

(Aug. 1977)

currently backed.

Coin dealers

100% for notes.

Gibraltar

Sone

Mail order

Hone

(c) Local banks

Issues made under Royal

Proclamation.

Fotes only

No specific provisions

for coins.

No

£3.77 m. (September 1976)

Solomon Islands

Initial design US$1,500 Bedesign Dating

US$750

Mail order

US$250

Turks and Caicos

(1) Mail order

(2) Bank retail outlets

Juvalu

Kone

Mail order

Amendment enacted

to take

None

SIMA Ord.

1976

mismatia coins outside

Yes

n/a

(Amend)

1977

backing requirements.

Currency Ord.

1973

(Amend)

1974 None

No

2/2

Coinage Ord.

1974

100% for coins.

|Coinage Ord.

1975

Yes

No local currency notes.

0/2