Decimal Currency Act, 1990

Amendment of Principal Act.

3.—The Principal Act is hereby amended—

(a) by the insertion of the following section after section 4:

“Provision of copper coins containing other metals.

4A.—(1) The Minister may, in addition to or in lieu of providing bronze coins of the several denominations authorised by section 3 of this Act, provide coins of those denominations consisting, in each case, of a core of metal or metals (other than copper) covered in copper.

(2) Every coin provided under this section shall be of the standard weight and standard composition prescribed by the Minister by regulations.

(3) There shall be allowed in respect of coins provided under this section the remedy (or variation from the standard weight and standard composition) prescribed by the Minister by regulations.

(4) A coin of any denomination provided under this section shall be of the same dimensions and design as the dimensions and design standing prescribed for the time being under section 3 (6) of this Act in respect of a coin of that denomination.

(5) Sections 5 and 6 of this Act shall apply to coins provided under this section and section 7 of this Act shall apply to every issue of coins so provided.”,

(b) in section 14, by the insertion in subsection (1) after “this Act” of “or the Decimal Currency Act, 1990,”, and

(c) in the First Schedule, by the insertion in the part headed “Cupro-nickel Coins” of the following:

One pound

10.00000

75 per cent. copper, 25 per cent. nickel

0.0450

2 per cent.

”.