Page:Statutes of Canada, Victoria 31, Part 2.djvu/122

1868. to the British Sovereign, and to five dollars of the present curreney of Nova Scotia,) and the other gold coins of the said United States of other denominations shall be made of proportionate value, then it shall be lawful for the Governor to issue a Proclamation reciting the fact, and appointing a day on and after which the enactments in the nine following subsections of this section shall come into force and be law, that is to say:

1. The denominations of money in the currency of Canada, shall be pounds, shillings, pence, dollars, cents and mills;—the pound, shilling and penny shall have same proportionate value in respect to each other as in the currency of the United Kingdom;—the dollar shall be one fourth of a pound currency, the cent shall be one hundredth of a dollar, and the mill one tenth of a cent: and in any statement as to money or money value in any agreement, indictment or legal proceeding, or in any instrument, document or writing whatever, any sum may be mentioned, described and stated in pounds, shillings and pence, or in dollars, cents and mills, or in any of either of such denominations, as may be considered expedient;

2. On and after the said day, the pound currency throughout all Canada shall be held to be equivalent to and to represent eighty-nine grains and six hundred and one thousandths of a grain troy weight of pure gold, or ninety-seven grains and seven hundred and forty-seven thousandths of a grain of gold of the standard of fineness prescribed by law for the gold coins of the United Kingdom on the first day of August, one thousand eight hundred and fifty-four;

3. The Pound Staling or British Sovereign of the weight and fineness now established by law, sh«ll be held to be equal to five dollars and four cents and one third of a cent currency, and any British Sovereign of the present lawful weight shall pass current and be a legal tender in Canada, for that sum; and any other British Gold coins, coined or to be coined while of lawful weight, shall pass current and be a legal tender for sums proportionate to the quantity of fine gold in them, and to be declared by Proclamation of the Governor;

4. Any gold or silver or copper coins which Her Majesty may direct to be struck for use in Canada, shall by such names as shall be assigned to them in the Governor's Proclamation declaring them lawful money of Canada, pass current and be a legal tender in Canada, at the rate assigned to them respectively by Proclamation, which shall be (as nearly as may be,) in the same proportion to their intrinsic values, as the rates at which the gold, silver and copper coins of the United Kingdom pass current there, bear to their intrinsic values respectively; 5.