JERSEY LAW 14/1990

DECIMAL CURRENCY (AMENDMENT No. 5) (JERSEY) LAW 1990

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A LAW to amend further the Decimal Currency (Jersey) Law 1971, sanctioned by Order of Her Majesty in Council of the

24th day of JULY 1990

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(Registered on the 28th day of September 1990)

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STATES OF JERSEY

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The 29th day of May 1990

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THE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law �

ARTICLE 1

Paragraph (5) of Article 3 of the Decimal Currency (Jersey) Law 1971,¹ as amended,² (hereinafter referred to as �the principal Law�) shall be deleted.

ARTICLE 2

For Article 4 of the principal Law there shall be substituted the following Articles �

�ARTICLE 4

Legal tender

(1)          Coins issued by the Mint in accordance with the provisions of section two of the Decimal Currency Act 1967 or in accordance with the Coinage Act 1971 or any statutory modification or re-enactment thereof and not called in by proclamation under paragraph (e) of subsection (1) of section three of that Act, or coins issued by the Committee under this Law or the Decimal Currency (Jersey) Law 1969⁴ and not called in by Order under Article 4A of this Law shall be legal tender as follows, that is to say �

(a)     coins of gold, for the payment of any amount;

(b)     coins of cupro-nickel, silver, mixed metal or other metal alloy of denominations of more than ten new pence or two shillings, for payment of any amount not exceeding ten pounds;

(c)     coins of cupro-nickel or silver of denominations of not more than ten new pence or two shillings, for payment of any amount not exceeding five pounds;

(d)     coins of bronze or other mixed metal or metal alloy of denominations of not more than two new pence, for the payment of any amount not exceeding twenty new pence.

(2)          Coins of the old currency other than gold coins and coins in respect of which proclamation is made in the United Kingdom under subsection (5) of section fifteen of the Decimal Currency Act 1969, shall not be legal tender after the end of the transitional period.

(3)          For the purposes of being used for any payment in accordance with the foregoing provisions of this Article a coin of either the old or the new currency may be treated as being a current coin of the other currency of equal value.

ARTICLE 4A

Power of Committee to call in coins

The Committee may, by Order, call in coins issued in pursuance of �

(a)     this Law; or

(b)     the Decimal Currency (Jersey) Law 1969.⁵�.

ARTICLE 3

This Law may be cited as the Decimal Currency (Amendment No. 5) (Jersey) Law 1990.

R.S. GRAY

Deputy Greffier of the States.