18th September, 1841.-Presented for Her Majesty's Assent and reserved "for the 11th March, 1842.-Assented by Her Majesty, in Her Privy Council. 27th April, 1842.-The Royal Assent signified by the Proclamation of His Ex- WHEREAS by the several Acts now in force within the respective portions Preamble. of this Province, heretofore called Upper Canada and Lower Canada, the relative value of the Gold and Silver Coin therein current by Law has not been accurately established; and whereas the comparative value of the pound Sterling and of the pound in Halifax Currency is inaccurately described, and it has therefore become expedient that a just proportionate value be affixed to the pound Sterling, so as to determine its exact value in the Gold and Silver Coins current in this Province; and whereas it is also expedient to repeal all the existing Laws now in force in either Province, relating to the value of such Coins, which have been found to be based upon erroneous principles, and to give to the said Coins a fictitious value: Be it therefore enacted, by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and of the Legislative Assembly of the Province of Canada, constituted and assembled by virtue of and under the authority of an Act passed in the Parliament of the United Kingdom of Great Britain and Ireland, and intituled An Act to Re-unite the Provinces of Upper and Lower Canada, and for the Government of Canada, and it is hereby enacted by the authority of the same, that from and after the passing of Certain Acts repealed. 48 Geo. 3. L. C. C. 1st sect. 10 and 11 Geo. L. C. 2 Vict. L. C. 4, 36 Geo. 3. U. C. of this Act, an Act of the Legislature of the late Province of Lower Canada, passed in the forty-eighth year of the Reign of His late Majesty King George the Third, intituled An Act for better regulating the weight and rates at which certain Coins shall pass current in this Province; for preventing the falsifying, counterfeiting, or impairing of the same, and for repealing the Act and Ordinance therein 59 Geo. 4. L. mentioned, and also another Act of the said Legislature, passed in the fifty-ninth year of the Reign of His late Majesty King George the Third, intituled An Act to amend an Act passed in the forty-eighth year of His Majesty's Reign, intituled 'An Act for better regulating the weight and rates at which certain Coins shall pass current in this Province; for preventing the falsifying, counterfeiting, and impairing of the same, and for repealing the Act and Ordinance therein mentioned, and also the first Section of another Act of the said Legislature, passed in the tenth and eleventh years of the Reign of His late Majesty King George the Fourth, intituled An Act to ascertain the rate at which certain Coins therein mentioned shall pass current in this Province, and for other purposes and also an Ordinance of the Governor and Special Council of the said late Province of Lower Canada, passed in the second year of Her Majesty's Reign, intituled An Ordinance to regulate the Currency of this Province, and also an Act of the Legislature of the late Province of Upper Canada, passed in the thirty-sixth year of the Reign of His late Majesty King George the Third, intituled An Act for the better regulation of certain Coins current in this Province, and also another Act of the said Legislature, passed in the forty-ninth year of the Reign of His said late Majesty King George the Third, intituled An Act to repeal and amend certain parts of an Act passed in the thirtysixth year of His Majesty's Reign, intituled, An Act for the better regulation of certain Coins current in this Province, to equalize them to the standard weight and value of the like Coins in the Province of Lower Canada, and also a certain other 7 Geo. 4. U. Act of the said Legislature, passed in the seventh year of the Reign of His late Majesty George the Fourth, intituled An Act to repeal part of an Act passed in the thirty-sixth year of His late Majesty's Reign, intituled, An Act for the better regulation of certain Coins current in this Province, and to make further provision for the regulation of the British Silver and Copper Coinage current in this Province, and also another Act of the said Legislature, passed in the eleventh year of the Reign of His late Majesty George the Fourth, intituled An Act for the better regulation of the Currency, and also another Act of the said Legislature, passed in the sixth year of the Reign of His late Majesty William the Fourth, intituled An Will. 4. U. Act to repeal and amend certain Acts of this Province, in relation to the Gold and Silver Coin made current by Law, and to make further provision respecting the rate at which certain Gold and Silver Coins shall pass current in this Province, and also 3 Vict. U. C. another Act of the said Legislature, passed in the third year of Her Majesty's Reign, intituled An Act to continue an Act passed in the sixth year of His late Majesty's Reign, intituled An Act to repeal and amend certain Acts of this Pro 49 Geo. 3. U. C. C. 11 Geo. 4. U. C. C. Acts relating vince, in relation to the Gold and Silver Coins made current by Law, and to make further provision respecting the rates at which certain Gold and Silver Coins shall pass current in this Province and all other Acts or parts of Acts relating in any and all other manner to the value of Gold, Silver and Copper Coin current by Law in either to the Curren of the said Sections of this Province, or to the amount thereof, respectively, to be cy, and in anypaid in payment of debts and received as a legal tender, or in any manner relating to this Act. to the Currency, and to the provisions of this Act, shall be and are hereby repealed. II. And be it enacted, that the Pound Currency shall be such that the Pound Sterling as represented by the British Sovereign of the weight and fineness now fixed by the Law of the United Kingdom of Great Britain and Ireland, shall be equal to, and any such British Sovereign shall be a legal tender for one pound four shillings and four pence currency. wise contrary The £ Currency to be such that £1 4s. 4d. cur. rency shall be Sterling represented by the Sovereign. The meaning of the word Sterling" dc equal to the £ fined. In past acts III. And be it enacted, that nothing in this Act shall affect the meaning to be affixed to the words "Sterling," "Sterling Money of Great Brirain," or other words of like import in any law in force in this Province, or any part thereof, when this Act shall come into force, or in any contract or agreement then made therein, but any such law, contract, or agreement, shall be construed according to the or intention of the Legislature, or of the parties who made the same; but in tions. any law, contract, or agreement made in this Province after this Act shall be in force, the Pound Sterling shall be understood to have the value in Currency hereby as- ture. signed to the British Sovereign, of the lawful weight and fineness aforesaid. IV. And be it enacted, that the Eagle of the United States of America, coined before the first day of July one thousand eight hundred and thirty-four, and weighing eleven pennyweights, six grains troy, shall pass and be a legal tender for two pounds thirteen shillings and four pence Currency; and the Eagle of the United States aforesaid, coined after the day last mentioned, and before the commencement of the year one thousand eight hundred and forty-one, and weighing ten pennyweights eighteen grains troy, shall pass and be a legal tender for two pounds ten shillings, currency. transac For the fu Value of the Eagle coined before 1st July 1834. of the Eagle coined that day. after Value at which the multiples and divisions of the Gold Coins of V. And be it enacted, that the Gold Coins of Great Britain and Ireland, or of the United States, coined before the day last aforesaid, being multiples or divisions of those hereinbefore mentioned, and of proportionate weight, shall for proportionate sums pass current, and be a legal tender to any amount by tale, so long as such Coins shall not want more than two grains of the weight hereby assigned to them, respectively, deducting one half-penny currency for each quarter of a grained before a cerany such Coin shall want of such weight: Provided always, that in any one pay- tain day, shall ment tale. Great Britain or of the UnitStates,coin pass current by Proviso. In payment ment above the sum of Fifty Pounds the payer may pay, or the receiver may insist on receiving the said British Gold Coins, or Gold Coins of the United States, exceeding £50 aforesaid, coined before the first day of July, 1834, by weight at the rate of ninety such coin may four shillings and ten pence, currency, per ounce troy; and in like manner any be paid or received by sums tendered or to be received in the Gold Coin of the United States of America, weight, at 91s coined since the day last aforesaid, may be weighed in bulk as aforesaid, and shall be a legal tender at the rate of ninety three shillings, currency, per ounce troy, when offered in sums of not less than Fifty Pounds currency. 10d. per troy. oz. Value of the French forty its divisions. VI. And be it enacted, that the Gold Coin of France of forty francs, and its franc piece and multiples or divisions, coined before the passing of this Act, may be weighed in bulk as aforesaid, and shall be a legal tender at the rate of ninety three shillings and one penny, currency, per ounce troy, when offered in sums of not less than Fifty pounds, currency. Doubloons. Value of That the old Doubloon of Spain or Quadruple Pistole, and the Mexican and Chilian Doubloon, and the parts thereof, respectively, coined before the passing of this Act, may be weighed in bulk, as aforesaid, and shall be a legal tender at the rate of eighty nine shillings and seven pence, currency, per ounce troy, when offered in sums of not less than Fifty pounds, currency. Value of Gold That the Gold Coins of La Plata and of Columbia, coined before the passing Plata and Co- of this Act, may be weighed in bulk, as aforesaid, and shall be a legal tender at the rate of eighty nine shillings and five pence, currency, per ounce troy, when offered in sums of not less than Fifty pounds, currency. lumbia. Value of the Gold Coins of Value of the That the Gold Coins of Portugal and of Brazil, coined before the passing of this Act, may be weighed in bulk, as aforesaid, and shall be a legal tender at the rate of ninety four shillings and six pence, currency, per ounce troy, when offered in sums of not less that Fifty pounds, currency. VII. And be it enacted, that the milled dollar of Spain, the dollar of the United Silver Dollar; Sates of America, and of the several States of Peru, Chili, Central America and the States of South America, and of Mexico, coined respectively, before the year one thousand eight hundred and forty one, and not weighing less than seventeen penny weights four grains troy, shall pass for five shillings and one penny, currency, each, and the half dollar of any of the same Nations, States or Governments and date hereinbefore mentioned, and of the proportionate weight shall pass for two shillings, sixpence and a half penny currency, each, and such dollar or half dollar shall be a legal tender by tale to any amount but the other silver coins of the same nations and date, being sub-divisions of such dollars, for proportionate sums and |