Coins.

4. Gold, silver and bronze coins, struck by the authority of the Crown for circulation in Canada, of the respective denominations mentioned in the schedule to this Act, and of the standard weight of fineness therein set out, shall be equal to and pass current for the respective sums in the currency of Canada following, to wit: for twenty dollars, ten dollars, five dollars, two and one-half dollars, one dollar, fifty cents, twenty-five cents, ten cents, five cents and one cent.

(2) In the making of such coins a remedy (or variation from the standard weight and fineness specified in the schedule hereto) shall be allowed of an amount not exceeding the amount specified in that schedule.

(3) If any coin of gold, silver, or bronze, but of any other denomination than that of the coins mentioned in the schedule hereto, is hereafter coined under the provisions of this Act, such coin shall be of the same fineness as is fixed for coins of like material by that schedule, and shall be of a weight bearing the same proportion to the weight specified in that schedule as the denomination of such coin bears to the denominations or denomination of coin of like material mentioned in that schedule; and in the making of such coin a remedy shall be allowed of such amount as, having regard to the remedy assigned in that schedule to coins of like material, may be fixed and determined by proclamation under this Act; and such coin, if of gold, shall be subject to such provision as to least current weight as may be fixed and determined by proclamation under this Act, regard being had to the least current weight assigned in that schedule to the respective gold coins mentioned therein.

5. All coins of the currency of Canada which may be made pursuant to the provisions of this Act shall, subject to any regulations and conditions which may be made by the Master of His Majesty's Royal Mint in England, be coined at the Ottawa Branch of the Royal Mint; but if for any reason such coins cannot be made at the said branch mint as required, the Governor in Council may authorize the making of such coins at His Majesty's Royal Mint or at any other branch thereof.

6. The Minister of Finance may from time to time issue out of the Consolidated Revenue Fund such sums as may be necessary for the purchase of bullion in order to provide supplies of coin for the public service.

7. The sums received in payment for coin produced from bullion purchased under the next preceding section shall be paid into the Consolidated Revenue Fund.

Legal Tender.

8. A tender of payment of money, if made in coins which have been made in accordance with the provisions of this Act, and have not been called in under any proclamation made in pursuance of this Act, and have not become diminished in weight, by abrasion through ordinary and legitimate use, so as to be of less weight than the current weight, that is to say, than the weight (if any) specified as the least current weight in the schedule hereto, or less than such weight as may be declared by any proclamation made in pursuance of this Act, shall be a legal tender,(a) in the case of gold coins, for a payment of any amount;

(b) in the case of silver coins, for a payment of an amount not exceeding ten dollars, but for no greater amount;

(c) in the case of bronze coins, for a payment of an amount not exceeding twenty-five cents, but for no greater amount.

(2) The holder of the notes of any person to the amount of more than ten dollars shall not be bound to receive more than that amount in such silver coins in payment of such notes, if presented for payment at one time, although any of such notes is for a less sum.

(3) Nothing in this Act shall prevent any paper currency which under any Act or otherwise is a legal tender from being a legal tender.

9. The British sovereign of the weight and fineness prescribed by the laws of the United Kingdom at the date of the passing of this Act, and which is not of less weight than the current weight specified as the least current weight at which it is a legal tender in the United Kingdom, shall pass current and be a legal tender in Canada for four dollars and eighty-six cents and two-thirds of a cent of the currency of Canada; and any other gold coins made at His Majesty's Royal Mint or at any branch thereof, and current in the United Kingdom, being a multiple or division of the sovereign shall, subject to corresponding current weight specifications pass current and be a legal tender in Canada for proportionate sums in the currency of Canada.

10. The Governor in Council may, by proclamation, from time to time, fix the rates at which any foreign gold coins of the description, date, weight and fineness mentioned in such proclamation shall pass current and be a legal tender in Canada; Provided that until it is otherwise ordered by any such proclamation the gold coins of the United States of America hereinafter mentioned, that is to say the half eagle or five dollar piece, the eagle or ten dollar piece and the double eagle or twenty dollar piece, coined after the eighteenth day of January, one thousand eight hundred and thirty-seven, and while the standard of fineness for gold coins then fixed by the laws of the said United States remains unchanged, and weighing respectively one hundred and twenty-nine grains, two hundred and fifty-eight grains, and five hundred and sixteen grains, subject to the provisions of the laws of the said United States with respect to such coins as to tolerance or remedy and as to the reduction in weight by abrasion through ordinary and legitimate use below the said respective weights, in so far as such provisions prescribe the conditions under which the said coins shall be a legal tender in the said United States, and so long as such coins shall be receivable at their nominal value by the Treasury of the said United States and its offices, shall pass current and be a legal tender In Canada for five dollars. ten dollars and twenty dollars, respectively, in the currency of Canada.

11. The silver copper or bronze coins heretofore struck by authority of the Crown for circulation In the provinces of Ontario, Quebec and New Brunswick under the Acts at the time in force in the said provinces respectively, and such silver, copper or bronze coins as, before the passing of this Act, have been struck by the same authority for circulation in Canada under the Acts at the time in force in Canada, shall be current and a legal tender throughout Canada at the rates in the said currency of Canada assigned to them respectively by the said Acts, and under the like conditions and provisions.