The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1884-07-12

the Treasury at rate not exceeding
their bullion value, for Government
dues, duties and taxes.
Section 4. Whenever il shall ap-
pear that there is such an excess of
silver coins in circulation as disturbs
the equilibrium between gold and
silver COINS, under the provisions of
this Act, the Minister Of Finance,
in order to restore such equilibrium
shall replace sufficient silver coin
which may be in the Treasury, either
as Government realizations or on
deposit on account of any silver
certificates, with gold coins of the
United States, in the same manner
as hereinafter provided in Sections
5, 6 and of this Act.
Section 5. Upon the approval of
this Act 1.-The Minister of Finance
without delay shall give notice by
public advertisement that for sixty
days, Immediately following such
notice, silver coins of all denomina-
tions, excepting silver coins of the
Hawaiian Islands and Of the United
States, will be received at the Treas
ury at their nominal value in eX-
change for Hawaiian coins at their
nominal value; and the Minister of
Finance without delay shall arrange
through advertisement for tenders,
or otherwise, for the sale of all the
silver coins which are or may be in
the Treasury now, excepting Ha-
waiian silver coins, IN lots of not
more than $50, 900 each, and the
delivery of the proceeds of the sales
of said silver coins into the Treas
ury in gold coin of the United States.
Section 6. The Minister of FL
nance shall require of those persons
whose tenders being accepted shall
desire to remove the silver coin bid
for by them from the Treasury,
prior to the delivery of the gold
therefore, a deposit in the Treasury
of the Hawaiian Government bonds
of like amount as to the nominal
value of the silver delivered to them,
and the said bonds shall be held as
security for the delivery of he pro-
ceeds of the sale of the silver coins
to the Treasury in gold coin of the
United Safes within 80 days, and
upon such delivery the bonds on de-
post shall be returned.
Section T. The expense, cost and
loss incident to the conversion of
silver coins into the gold coins of
the United States shall be borne by
the Treasury, and the Minister of
Finance is hereby authorized and re-
quired to provide for the same, from
any monies not otherwise appropri-
ated or which may hereafter be ap-
propriated, and he shall render an
accurate statement of such expendi-
ture in his report to the Legislative
Assembly.
Section 8. On and after the first
day of December, 1884, all outstand-
ing silver certificates excepting the
ten dollar silver certificates on pre-
sentation at the Treasury, and on
demand shall be redeemed at theil
nominal value in United States gold
coin, and silver certificates so re-
deemed shall be cancelled by the
Registrar of public accounts.
Sec. g. The Minister of Finance
may. at his discretion receive United
States gold coin on deposit to any
amount not less than fifty dollars and
shall issue therefor certificates OF
deposit of such denominations as he
shall deem to be for the public in
terest, payable to bearer on demand
without interest. The said certi-
ficates shall be signed by the Minis
ter of Finance and countersigned by
the Registrar of Public Accounts, and
the money so received in exchange
for certificates shall be held as 9
special deposit to be used only fol-
the cancellation, of the same, and Sec
ton 479 of the Civil Code, as
amended by Chapter Al, of the Laws
of 1874. is hereby reDealed.