Page:Stabilizing the dollar, Fisher, 1920.djvu/262

208 then weight of the dollar. Said adjustment (provided it shall never exceed the "brassage" charge of 1% described below) shall be equal to the percentage deviation.

(Proclamation Thereof)

Sec. 5. The Bureau of the Mint shall then forth-with give public notice that, on and after the day next following such notice, and until changed by further like notice under this Act, the number of grains of standard gold so computed shall constitute the gold dollar of the United States; and thereupon the number of grains of standard gold in the gold dollar of the United States shall be fixed as prescribed in such notice.

(Unrestricted Issue of Certificates for Gold (Free Coinage))

Sec. 6. That after December 31, 1920, the Bureau of the Mint shall receive, subject to a "brassage charge" of one per cent and subject to such conditions and limitations as are now provided by law touching the receipt of gold bullion to be coined, all gold bullion offered to it and shall pay for the same with "gold bullion dollar certificates" described hereinafter at the rate of one dollar for the number of grains of standard gold in the dollar as then last fixed by or under this Act and (as to any balance less than one hundred dollars) in lawful money.

(Unrestricted Redemption of Certificates in Gold)

Sec. 7. That after December 31, 1920, the Mint Bureau shall receive all gold bullion dollar certificates tendered to it and shall forthwith pay for the same, dollar for dollar, in standard gold bars at the rate of one dollar for the number of grains of standard gold in the gold dollar of the United States (as fixed by or under this Act for the time of such receipt) and (as to any balance less than five ounces of standard gold) in lawful money.