The Hawaiian gazette., 1884-06-11
An Act 60 Regulate tn. Currency.

Bl II ENACTED Nv fbs Kisg asd tls L,gistafir,
dsssHaby q hhs Huruuiias Islands; js n, L~g-
isiatnr, ofI KiHgdow 4s,siHh,a.
SECTION 4. From and after the First day Of
October m The year of our Lord Eighteen Hun
dred and Eighty -Four. the gold coins of the
United States uf America shall be the standard.
and n legal tender, al their nominal vElue in the
payment Of all debts, public and private within
the Hawaiian Kingdom
sEcIloS . rhe standard Silver Coins of the
United States Of America, and the Silver Coins of
the Hawaiian Kingdom shall be legal tender,
nt their nominal value, for any amount not e1ce.
edinR len dollars, in any unU payment
SECTION .. Frum ald after the First day OF
Octoocr lse4 gold and silver coins, other than the
COINS Of The United States and OF the Hawaiian
Kingdom. shall be reserved NJ the Treasury at A
rats not eEceeding their bullion, for Government
dnes. duties and taIes.
SncrruS 4. Il shall be lawful for the Minister
pt tinAnoc on and after the approval OF this Act,
N his discretion. TO replace any silver coins.
which may bs IN the Treasury, either as Govern
nent roaliEations, OF on deposit, on account of
any silver certificates which have been issued
with Soid coins of the Uniied Siaies OF America.
IN TIN same manner, as hereinafter provided in
Sections, tye, slx and seven Of this Act.
SKcrtuS y Upon the approval Of this Act. the
Minister of Finance without delay lhl give notice
by pusiic advertisement thai for thirty days, i'm
mrdiHtely following snch nutice, silver cOus of
Al denominations excepting silver coins Of the
Hawaiian Islands and OF the United States, will
in oxuhRnro for hawaiian cuins at their nominal
valRe. And the Minister Of Finance. without
delay shall arrange through advertisement for ten
ders, ur otherwise fOf the sale, at an amount not
exceeding one hundred and fifty thousand dollars
IN each Calendar month, Of all the silver coins
which arc or may be In The Treasury. excepting
Hawaiian silver coins and coins Of the United
States, and the delivery Of the proceeds Of the
sales Of said silver coins into the Treasury in cold
coins Of the United States.
bEC1IuN {. The Minister Of Finance shall re
Quiru Of thrse persons Whose tenders shall be ac-
c1pted, iot The Conversion Of the said silver coins
into gold GUNS, deposit IN the Treasury uf Ha.
waiian Government Bonds u like amount as the
nouiInal value Of the the silver delivered TO them
aud the said Bonds shall b. held as security for
the delivery OF the proceeds Of the sale Of The
silver coins 10 the Treasury in gold coins Of the
United States, and upon such delivery the Bonds
20 Deposited shall be returned.
SECTION = The expeuse. cost and loss incident
10 the conversion OF silver GUNS into Culd coins of
The United states shall be borne by The Treasury.
and the Minister o. Finance s bsroby authorized,
70 pruvidn for the same, from any moneys no;
olhcruise allurupriated or which NAV be hereafter
appropriated and he shall render accurate state
ment Of such expenditure In his Report 10 the
Legislative Assembly.
SrrrruN d Chapter Nli Of the Session Laws
Of 1876, being an Act 70 regulate the Cur
rcncy snd Chapter Thirty Seven OF the Session
Laws % 1850, being an Act TO provide for Ma
ional Coinage arS hereby repaaled. and all Acts
and parts Of Acts coIilTary 10 the provisions Of
Tits Act arr hereby repealed
Srur1u1 2. This Act shall taks effect from and
afIor he date Of is approval