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Amendment of Principal Act.
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3.—The Principal Act is hereby amended—
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(a) by the insertion of the following section after section 4:
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“Provision of copper coins containing other metals.
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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.
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(2) Every coin provided under this section shall be of the standard weight and standard composition prescribed by the Minister by regulations.
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(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.
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(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.
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(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.”,
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(b) in section 14, by the insertion in subsection (1) after “this Act” of “or the Decimal Currency Act, 1990,”, and
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(c) in the First Schedule, by the insertion in the part headed “Cupro-nickel Coins” of the following:
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“
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One pound
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10.00000
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75 per cent. copper, 25 per cent. nickel
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0.0450
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2 per cent.
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”.
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