JERSEY LAW 7/1969

DECIMAL CURRENCY (JERSEY) LAW, 1969.

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A LAW to  to provide for the introduction of a decimal currency in 1971, sanctioned by Order of Her Majesty in Council of the

23rd day of APRIL, 1969.

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(Registered on the 16th day of May, 1969).

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STATES OF JERSEY.

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The 27th day of November, 1968.

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

ARTICLE 1

THE NEW DECIMAL CURRENCY

(1)           On and after the appointed day the denominations of money in the currency of the Island shall be the pound sterling and the new penny, the new penny being one-hundredth part of a pound sterling.

(2)           In this Law, “the appointed day” means such day in the year 1971 as the States may by Act appoint.

ARTICLE 2

COINAGE OF THE NEW CURRENCY

(1)           The Finance and Economics Committee is hereby authorized to issue coinage of the new currency of a denominational value not exceeding in any one year such sum as the Finance and Economics Committee may determine.

(2)           Coins issued in pursuance of this Article shall be of such denomination or denominations as the Finance and Economics Committee shall determine.

(3)           Coins issued in pursuance of this Article shall be issued under the direction of the Finance and Economics Committee which shall determine the design, weight and composition thereof.

(4)           Coins authorized to be issued in pursuance of this Article may, if so directed by Act of the States, be issued for use before the appointed day as current coins of such denominations of the currency in force before that day as may be specified in the Act.

ARTICLE 3

CITATION

This Law may be cited as the Decimal Currency (Jersey) Law, 1969.

E.J.M. POTTER,

Deputy Greffier of the States.