and seventy-one, shall be redeemed, or notes payable in the currency of Canada shall be substituted or exchanged for them. 34 V., c. 4, s. 5. Gold coins may be struck for Canada. 4. Any gold coins which Her Majesty causes to be struck for circulation in Canada, of the standard of fineness prescribed by law for the gold coins of the United Kingdom, and bearing the same proportion in weight to that of the British sovereign, which five dollars bear to four dollars, eighty-six cents and two-thirds of a cent, shall pass current and be a legal tender in Canada for five dollars; and any multiples or divisions of such coin, which Her Majesty causes to be struck for like purposes, shall pass current and be a legal tender in Canada at rates proportionate to their intrinsic value respectively; and any such coins shall pass by such names as Her Majesty assigns to them in her proclamation declaring them a legal tender, and shall be subject to the like allowance for remedy as British coin. 34 V., c. 4, s. 6. Certain silver 5. The silver, copper or bronze coins which Her Majesty has heretofore caused to be struck for circulation in the provinces of Quebec, Ontario and New Brunswick, under the Acts then in force in the said provinces respectively, shall be current and a legal tender throughout Canada, at the rates in the said currency of Canada assigned to them respectively by the said Acts, and under the like conditions and provisions: and such other silver, copper or bronze coins as Her Majesty causes to be struck for circulation in Canada shall pass current and be a legal tender in Canada, at the rates assigned to them respectively by Her Majesty's Royal Proclamation, such silver coins being of the fineness now fixed by the laws of the United Kingdom, and of weights bearing respectively the same proportion to the value to be assigned to them, which the weights of the silver coins of the United Kingdom bear to their nominal value; and all such silver coins aforesaid, shall be a legal tender to the amount of ten dollars, and such copper or bronze coins to the amount of twenty-five cents, in any one payment; and the holder of the notes of any person to the amount of more than ten dollars, shall not be bound to receive more than that amount in such silver coins in payment of such notes if presented for payment at one time, although any of such notes is for a less sum. 34 V., c. 4, s. 7. Amount which may be tendered in one payment. No other coins of silver or 6. No other silver, copper or bronze coins than those which Her Majesty causes to be struck copper to be so. for circulation in Canada, or in some province thereof, shall be a legal tender in Canada. 34 V., c. 4, s. 8. As to foreign gold coins. Proviso: as to 7. Her Majesty may, by Proclamation, from time to time fix the rates at which any foreign gold coins of the description, date, weight and fineness, mentioned in such Proclamation, shall pass current, and be a legal tender in Canada: Provided that until it is otherwise ordered by any such Proclamation, the gold eagle of the United States of America, coined after the first day of July, one thousand eight hundred and thirty-four, and before the first day of January, one thousand eight hundred and fifty-two, or after the said last mentioned day, but while the standard of fineness for gold coins then fixed by the laws of the said United States remains unchanged, and weighing ten pennyweights, eighteen grains, troy weight, shall pass current and be a legal tender in Canada for ten dollars; and the gold coins of the said United States being multiples and halves of the said eagle, and of like date and proportionate weights, shall pass current and be a legal tender in Canada for proportionate sums. 34 V., c. 4, s. 9. Proof of date, etc.. of coins. 8. The stamp of the year on any coin made current by this Act, or any Proclamation issued under it, shall establish prima facie the fact of its having been coined in that year; and the stamp of the country on any foreign coin shall establish prima facie the fact of its being of the coinage of such country. 34 V., c. 4, s. 10. Defaced coin not a legal tender. 9. No tender of payment in money in any gold, silver or copper coin which has been defaced by stamping thereon any name or word, whether such coin is or is not thereby diminished or lightened, shall be a legal tender. 32-33 V., c. 18, s. 17, part. Payments in Nova Scotia on and after Ist July, 1871, to be in Canada currency. 10. All sums of money payable on and after the first day of July, one thousand eight hundred and seventy-one, to Her Majesty, or to any person, under any Act or law in force in Nova Scotia, passed before the said day, or under any bill, note, contract, agreement, or other document or instrument, made before the said day in and with reference to that province, or made after the said day out of Nova Scotia and with reference thereto, and which were intended to be, and but for How to be calculated. such alteration would have been payable in the currency of Nova Scotia, as fixed by law previous to the fourteenth day of April, one thousand eight hundred and seventy-one, shall hereafter be represented and payable respectively, by equivalent sums in the currency of Canada, that is to say, for every seventy-five cents of Nova Scotia currency, by seventy-three cents of Canada currency, and so in proportion for any greater or less sum: and if in any such sum there is a fraction of a cent in the equivalent in Canada currency the nearest whole cent shall be taken. 34 V., C. 4, S. 4. As to debts in B.C. & P.E.I. contracted before ist July, 1881. 11. Any debt or obligation contracted before the first day of July, in the year one thousand eight hundred and eighty-one, in the currency then lawfully used in the province of British Columbia, or in the province of Prince Edward Island, shall, if payable thereafter, be payable by an equivalent sum in the currency hereby established. 44 V., c. 4, S. I. Sums mentioned in certain Acts to be currency of Canada. 12. All sums mentioned in dollars and cents in "The British North America Act, 1867," and in all Acts of the Parliament of Canada, shall, unless it is otherwise expressed, be understood to be sums in the currency by this Act established. V., c. 45, s. 2. AN ACT RESPECTING DOMINION NOTES (Chapter 31, R.S.C.) 31 Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 1. The expression "specie" in this Act means Interpretation. coin current by law in Canada, at the rates and subject to the provisions of the law in that behalf, or bullion of equal value according to its weight and fineness. 31 V., c. 46, s. 13, part. ion notes. 2. The Governor-in-Council may authorize the Issue of Domin- issue of Dominion notes to an amount not exceeding that herein specified, and such Dominion notes may be of such denominational values and in such form, and signed by such persons and in such manner, by lithograph, printing or otherwise as he, from time to time, directs; and such notes shall be redeemable in specie or presentation at branch offices established or at banks with which arrangements are made as hereinafter provided at Montreal, Toronto, Halifax, St. John, N.B., Winnipeg, Charlottetown and Victoria, and at that one of the said places at which they are respectively made payable. 31 V., c. 46, s. 8, part ;-43 V., c. 13, s. 4, part. 3. The amount of Dominion notes issued and Amount of Dom- Outstanding at any time may, by Order in Council, inion notes. founded on a report of the Treasury Board, be increased to [but shall not exceed] twenty million dollars, by amounts not exceeding one million dollars at one time, and not Proviso: amount in gold and guaranteed tion. exceeding four million dollars in any one year : Provided that the Minister of Finance and Receiversecurities to be General shall always hold, for securing the redempheld for redemption of such notes, issued and outstanding, an amount in gold, or in gold and Canada securities guaranteed by the Government of the United Kingdom, equal to not less than twenty-five per cent. of the amount of such notes at least fifteen per cent. of the total amount of such notes being so held in gold; and provided also, that the said minister shall always hold for the redemption of anteed deben- such notes an amount equal to the remaining seventy-five per cent. of the total amount thereof, in Dominion debentures issued by authority of Parliament. V., c. 13, S. I, part. And in unguar tures. 43 Amendment:-The limitation of twenty million dollars was removed by an Act passed in 1895 (59 V., Ch. 16), and the following provision made for the issue in excess of twenty millions: Issue of Dominion Notes may exceed $20,000,000 Notwithstanding anything to the contrary contained in the said Chapter 31 of the Revised Statutes, Dominion Notes may be issued to any amount in excess of the sum of twenty million dollars, authorized by section 3 of the said Chapter, provided the Minister of Finance and Receiver-General, in addition to any amount required to be held by him in gold under the provisions of the said section 3, holds an amount in gold equal to the amount of Dominion Notes issued and outstanding in excess of the said sum of twenty million dollars. legal tender. provided equal amount in gold m 4. Such notes shall be a legal tender in every Notes to be a part of Canada except at the offices at which they are respectively made payable: the proceeds thereof shall form part of the Consolidated Revenue Fund of Canada, and the expenses lawfully incurred under this Act shall be paid out of the said fund. 43 V., c. 13, s. 5, part. be delivered to Minister of Finance, and disposed of by 5. Debentures of Canada may be issued and Debentures may delivered to the Minister of Finance and ReceiverGeneral for the general purposes of this Act, and to enable him to comply with its requirements— him for the pur- such debentures being held as aforesaid for securing poses of this Act. the redemption of Dominion notes, and the said minister having full power to dispose of them and of the guaranteed debentures aforesaid, either temporarily or absolutely, in order to raise funds for such redemption, and for the purpose of procuring the amounts of gold required to be held by him Proviso. under this Act; but nothing herein contained shall be construed to authorize the issue of debentures not otherwise authorized by Parliament, or any increase of the debt of Canada beyond the amount so authorized. 43 V., c. 13, S. 2. Amount to be issued against gold only. 6. If any amount of Dominion notes is issued and outstanding at any time in excess of the amount then authorized as aforesaid, the Minister of Finance and Receiver-General shall hold gold to the full amount of such excess, for the redemption of such notes: and any amount of such notes which the public convenience requires may be issued and remain outstanding, provided the excess of such amount over that so authorized is represented by an equal amount of gold held by the Minister of Finance and ReceiverGeneral as aforesaid; and the issue of Dominion notes so represented in full by gold, shall not be deemed an increase of the public debt; but except in the case of notes so issued against an equal amount of gold, the total amount of Dominion notes outstanding shall never exceed the amount authorized under section three of this Act. 33 V., c. 10, s. 6. See, however, amendment to Section 3. Minister of 7. The Minister of Finance and ReceiverGeneral shall publish monthly in the Canada publish monthly Gazette a statement of the amount of Dominion statements. notes outstanding on the last day of the preceding month, and of the gold, guaranteed debentures and unguaranteed debentures then held by him for securing the redemption thereof, distinguishing the amounts of each so held at each of the cities at which Dominion notes are redeemable; and such statements shall be made up from returns made to the said minister by the branch offices, bank or banks at which such notes are redeemable. 43 V., c. 13, s. 3. Offices or agencies for redemption of notes. 8. The Governor-in-Council may, in his discretion, establish branch offices of the Department of Finance at Montreal, Toronto, Halifax, St. John, N.B., Winnipeg, Charlottetown and Victoria, respectively, or any of them, for the redemption of Dominion notes, or may make arrangements with any chartered bank or banks for the redemption thereof, and may allow a fixed sum per annum for such service at all or any of the said places; and gold or debentures held at any such branch office or by any such bank for the redemption of Dominion notes, shall be deemed to be held by the Minister of Finance and ReceiverGeneral Provided that any Assistant Receiver-General appointed at any of the said cities under the "Act respecting Gov |