The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1876-10-04
AN ACT
An AT
To regulate the Currency.


Be IT ENACTED by the King and the Legislative
Assembly Of the Hawaiian Islands in the Legislature
of tho Kingdom assembled.
Section l. From and after the first day of
March. in the year of our Lord, one thousand
eight hundred and seventy-seven. the gold coins
oil the United States OF America, shall be the
standard and legal tender in this Kingdom
10 all payments Of debts at their nominal value
Sec. 2. BE it further enacted; That the
silver coins Of the Uniteu States, shall be a
legal tender at their 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 coins and the re-
mainder shall be paid in gold coins as aforesaid.
Sec. g. And be it further enacted That for
all debts of one hundred dollars in amount not
exceeding one thousand dollars, the legal tender
for such debts, shall be twenty-five per cent.
thereof iG silver coin of the United States
aforesaid, and seyenty-dge per cent. in gold coin
of the United States as aforesaid.
Sec. 4 And be it further enacted; That for
all debts exceeding Que thousand dollars, for the
first thousand thereof the payments may be
made as is provided in the preceding sections
and for the remaining sum. fifteen per cent. may
be paid in silver coins as aforesaid and the
maInder shall be paid 10 gold coins as aforesaid.
OtC. Os Auu Dt u tuItHtE tudCltui nut Tue
gold and silver coins other than those of the
United States bearing the egallzed impress of
any Sovereign State, shall also be receivable in
payment OF Government dues duties aud taxes,
at the exchequer aud in tender or payment of
debts contracted by private individuals aud pay
able in this Kingdom at their value us liked by
the King in Privy Council and published by the
Minister of Finance.
Sec. 6. Aud be it further enacted That
silver coins 10 the value OF twenty-five cents or
less shall be legal tender for all payments not
exceeding ten dollars. But in all other cases
whenever silver shall be paid in accordance with
the preceding sections, coins Of twenty live cents
aud less may be paid at the rate Of fifteen dollars
to every hundred dollars so 10 be paid in silver.
Sec. Z. There shull be levied collected and
paid upon all silver coins imported into this
Kingdom from any country with which His Maj
esty has not any treaty to the contrary duty Of
ten per cent. ad valJrem. Provided that this
section shall not come into operation until
proclamation to that effect has heen Issued by
His MHjesty by and with the advice and consent
Of majority Of His Privy Council at u duly
convened meetILg thereof.
Sec. 3. And be it further enacted That
FROM and after the date of the passage Of this
Act. 1t shall he the dnty of the Minister Gf
Finance To require that all duties paid on imports
shall De PAID ~ gold c0Ins OF Lhe United states,
or its equivalent.
Sec 9. And be it further enacted That
from and alter the 6rst day Of March eighteen
hundred and sevenIy-seven, the interest on all
Government Bonds shall he paid in the gold
coin Of the United Suites. or its equivalent,
whatsoever the interest on any one bond shall
he or shall exceed FIVE dollars, aud when less
than five dollars, shall be paid in silver com as
aforesaid.
Sec. 10 And be it further enacted; That
from aud ifter the first Of March, eighteen hun
ureL and seventy seven. an Act entitled an
Act to regulate the Currency (Chapter XVII
Of the Session Laws of 1872. approved the 10th
day Of July. 1922 shall be utterly void aud Of
no effect, we'll ~! other Acts or parts of
Acts Inconsistent with aud contrary to the pro-
visions of this Act.
Approved this 18th day of September A. D.
1876. KALAKAUA r.