The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1884-12-17


In viev Of the present condition Of he currsucv
question We rsr1blish the eurrsncy a-t uhish :
recon,-ne1d all cur citizens 10 sf-iv his Il -
laE ander which and BY which tie cuvernnonl
have TO aci-
* AcI 10 kEsCrATE IN Cczzrxcr.
Re ii e-.etea BY he Kim, and the Ierislaitre A.
sensly q the Hawaiian Islands. in he Ierizis.
t1rs OF he Kingdom assembled:
Snr11Gs /. From and after the frss iay Of De
oe-nbe- IN The year Of our Lord eighteen handed
and echtyfouT, the sold coins Of TIE United State
Of America shall be TIE standard. and lecal tender
At their nominal value in the payment a al dehts
F1hlio and private, within the Hawaiian Kiuraom
Snc-Tos > Ihe standard silver coins Of IN
United States Of America and the silver coins a
fhe Hsvaiisn hinCdom shah be. from and aftsr
| December Is. 1SSf legal tender at their norni
I nai value for any amoant not sroeeaing ten DOL
SnrTEoS s From and after the first day Of De.
cslnbsT, 1874. sold and silver coins other than Tx
/ coils Of the United States and of the Hawaiian
kiaCioTn. shall be received In the Treasury at
meat dass, duties SOd taxes
SrCTroS {. Whenever il shall aprear, that thsrs
Is such excess Of silver coins IN circulation a
distuThs The equilibrium between gold and silvel
GUNS under the provisions Of this Act. the Minis
ter Of Finance in order TO restore such equilibrium
shall replace sufficient silver coin from any silvei
/ coin which NAV be in the TreaSary. either as Gov
/ erune1t realization or on deposit on acooant ol
| States in the sane manner as hereafter provided
| In Sections 3 and Of this Act.
| SECTToN = Upo1 the approval OF this Act, The
Minister OF Finance without delay shall give MOTIFS
I hy public advertisement that for sixty days i'm
uelately following such notice, silver coins Of Al
l denominations excepting silver coins Of the Ha
/ vAiiaa Islands and Of the United States will :.
received at the Treasury at their nominal value il
e1ehanse tor Hawaiian coins at their nonina
value. and the Minister Of Finance. without delay
! shall arrange through advertisement for tender
foT the sale Of all silver coins which are may b
IN the Treasury, excepting Hawaiian silver, coin
II lots OF not more than $4,000 each, and the de
LIVERY Of the proceeds Of the sales Of said silye
coins into the Treasury in gcl coins Of the UniteS
States
SnCTIoN 6. The Minister Of Finance shall re
qEire Of those persons, whose tenders, being &C
oCpted, shall desire to remove tho silver coin biz
for by them from the Treasury, prior TO the deliv
cry Of tie gold therefor, deposit IN the 1reasurl
I OF tAe Hawaiian Government Bonds of ike amour
Z as the nominal value Of the silver delivered {,
them, and the Said Bonds shall be bed security
for the delivery Of the proceeds of the sale Of tn
silver coins 10 the Treasury in gold CONS of tn
| aIted States within thirty days; and upon sncl
delivery the Bonds 50 deposited shall be returned
4 SE--lOS !. The expense. cost and loss. inciden
10 the conversion Of silver coins into the sold coin
I Of the United States shall be borne by the Urea
sugy. and the Minister of Finance Is hereby Aatho
riEed and required to provide for the same, frou
any moneys not otherwise appropriated, or Whicl
may hereafter be appropriated, and he shall rsnd
I er an accurate statement of such expenditure i
his report 10 the legislative Assembly,
SECTION s. On and after the first day OF De
csTnber 1854. all outstanding silver certificates sx
cepS1S the ten dollar silver certificate, presen
taiion al the Treasury, and on demand shall
redeemed at their nominal value in United STATE
gold coin, and all silver certificates 50 redesme
shall be cancelled BY the Registrar OF Public Ac
counts.
SEXTON .. The Minister of Finance NAV, at hi
discretion, receive United States gold ccin on dep
sit 70 any amount not less than fifty dollars, an
shall issue therefor certificates of deposit of sue
denominations as he shall deem TO be for the pub
lie interest, payable TO bearer on demand vithOu
interest The said certificates shall be signed
the Minister of Finance and eountersigned BY Ii
Registrar of Public Accounts, and the money n
ceived for such certificates she'll be held as spS
cial deposit TO be used only for the cancellation
the same, aud Section 479 of the Civil Code, q
amended by Chapter Il Of the LAWS Of 1874,
hereby repealed,
SECTION 10. Chapter 81 Of Session Laws Of ISS
being An Ac; TO provide for National Coinage,
hereby repealed; and Chapter Al Of Session Law
Of lo16, being An Act to regulate the Currency,
hereby repealed: this repeal to take effect on th
first day of December, 1884,.
SEcTIuS IL. This Act shall take effect FROM an
after the date of its approval
Approved this 18th day of July, 4. d. 1884.
kALAkAUA, REN.