The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1876-09-13
AN ACT


10 REGULATE TIE CIhkENG1.
Be 1T ENACTED by the King and Legislative Assem-
bly, of the Hawaiian Islands In the Legislature of
the Kingdom assembled:
SECTioN l. From and after the first dav of March,
in the year of our Lord Oae Thousand Eight Hun
! dTed and Seventy-seyeu, the gold coins Of the
United States of America shall be the standard aud
legal tender in this Kingdom in all payments Of
debts Ut the nominal value.
SEC @ Be it further enacted, That the silver
coins of the United States shall be legal tender at
the nominal value in payment for all debts within
this kingdom for any amount not exceeding fifty
dollars, and for debts between fifty and one hundred
dollars fifty dollars may be paid in silver coin and
the remainder shall be paid in gold coins as afore
said.
SEC 8. And be it further enacted, That for all
debts of one hundred dollars in amount not tx
ceeding one thousand dollars, The legal tender for
such debts shall be twenty-five per cent thereof in
silver coin Of the United States US aforesaid, and
seyeEty-Gve per cent. in gold coin Of the United
States rs Aforesaid.
SEC T. And be it further enacted, That for all
debts exceeding One Thousand Dollars, for the first
thousand thereof the payments may be made as Is
provided in the proceeding sections, and for the
naming sum, fifteen per cent may be paid in silver
coins aforesaid, and the remainder shall be paid
in gold coins aforesaid.
SEC. .. And be it further enacted, That the gold
and silver coins other than those of the United
States bearing the legalized impress of any soyer-
eign state, shall also be receivable in payment of
government dues, duties and taxes at the Ex-
chequer, and in tender or payment of debts con-
kingdom, at their value as fixed by the King 10
Privy Council, and published by the Minister of FL
nance.
SEC. 6. And be it further enacted That silver
coins TO the value Of twenty-five cents or less shall
be legal tender tor all payments not exceeding ten
dollars. But in all other whenever silver shall
be paid in accordance with the preceding sections
coins of twenty-five cents and less may be paid at
the rate of fifteen dollars to every hundred dollars
to be paid in silver.
SEC. T. And be it further enacted That there shall
be levied collected and paid upon all silver COINS
imported into this kingdom from any country with
which His Majesty has not any treaty TO the con-
trary, duty of ten per cent. adj udloTem Provided
that this section shall not come into operation until
proclamation to that effect has been issued by His
Majesty, By and with the advice aud consent Of a
majority Of His Priyy Council at 4 duly convened
Meeting thereof
SEC. s. And be II further enacted, That from and
after the date Of the passage Of this Act it shall be
the duty of the Minister Of Finance 10 require that
all duties paid on imports shall be paid IN gold coins
Of the United States or its equivalent.
SEC. 9. And be il further enacted That from and
after the 1st Of March, 1871 the interest on all gov
the United States or its equivalent, but whatsoever
the interest on any one Bond shall not exceed
five dollars It shall be paid in silver coin as aiore-
said.
SEC. TO- And be It further enacted That from and
after the 1st day OF March, 1877, an Act entitled
Gan Act to regulate the currency" (Chap % Of the
Session Laws Of 1872, approved the 29tn day OF
July, 1872 shall be utterly void ann Of no effect as
well all other Acts or parts Of parts Of Acts in
consistent with aud contrary to the provisions of
this Act.