Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1884-06-07

The following full text Of Mr.. Dole's cur.
rancy billi is printed for the benefit Of other
islands readers
Be /, enacted by the King and the Legs
lative Assembly Of the Hawaiian Islands, in
the Legislature Of the kingdom assembled
Section From and after the first day Of
October, in the year Of our Lord one thousand
eight hundred and eighty -four. the gold coins
Of the United States of America shall be the
standard and legal tender, at their nominal
value, in payment Of all debts.
Section 2.-The standard silver coins Of
tim United States of America, and those silver
coins of like respective hneness and weight
Herewith, which were lately coined in the
United States OF America and imported into
this Kingdom, bearing the impress Of the Ha.
waiian coat Of arms and Of the profile Of His
Majesty Kalakaua, shall from and after the
said first day Of October, be legal tender at
their nominal valne in payment Of all debts
not exceeding FIVE dollars.
Section 3.-For the more efectual carrying
out of this act, the minister Of finance shall al
all times during the month Of August A. ID.
1854, receive all current silver coin that shall be
offered at the treasury, TO any amount not less
than ten dollars and issue therefor, certificates Of
deposit Of the denominations Of ten, twenty,
fifty, one hundred, five hundred, one thousand.
| five thousand and ten thousand dollars, accor.
ding to the amount Of silver coin received, pay.
able to bearer on demand on and after the first
day of October, in United States gold coin
without interest. The said certificates shall be
signed by the minister Of finance and counter.
signed by the registrar Of public accounts.
All silver coin received in exchange for such
certificates, excepting Hawaiian silver coins
as referred to in Sec. Of this Act shall be
used without delay for the purchase Of United
States gold coin, which shall be held a. 4
special deposit to be used only for the can.
minister of finance is hereby authorized and
instructed to take from the treasury sufficient
money not exceeding the amount provided for
that purpose in the appropriation bill, to make
up in United States gold coin, the numerical
loss in dollars suffered in exchanging the said
silver coin for United States gold coin, and
to deposit the same with the said specia
deposit as part thereof All Hawaiian silver
coins received in exchange for such certificates
shall be held as special deposit to be used.
il it should become necessary. for the purchase
Of United States gold coin for the cancella.
tion Of the said certificate; in which case
the numerical loss suffered in exchanging the
said Hawaiian silver coin for the United States
gold coin, shall be made up, in the same man
ner as provided above in the case Of o,hel
silver coins.
Section 4.--On and after the said first day
Of October, the minister Of finance may. At hi,
discretion, receive United States gold coin OF
deposit 70 any amount not less than 6ftj
dollars, and shall issue therefor certificates o
deposit Of such denominations a. he shal
deem to be for the public interest. payable Il
bearer on demand without interest. The sais
certificates shall be signed by the minister o
| finance and countersigned by the Registrar o
Public Accounts, and the money received 70
such certificates shall be held - spscia
deposit to be used only for the cancellation o
the same.
Section s.--This act shall become Law fros
and after the date Of its approval and an &C
entitled IAN Act to Regulate the Cursency.
, approved the Iath day Of Septembss, 1876
and Section 47o Of the Civil Code Is amende'
by Chapter ~ Of the Laws of ss7%. and a
other acts and parts Of acts inconsistent viii
the provisions Of this act are hereby repealed
such repeal 10 take effect on the said first d.
Of October.