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Fort Havoc (Wallace Hale)

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CAP. IV.

An ACT for the better regulating the Weight and Rates at which
Gold Coin shall pass current in this Province.

Passed the 5th March, 1805.

Preamble

WHEREAS it will tend to prevent the diminution of Gold specie circulating in this Province that the same be regulated according to a standard thatg shall not present and advantage by carrying it into the neighbouring Countries : And whereas and advantage does arise by carrying Gold Coin out of the same.

Gold coin to be a legal tender at the weight and rates following
Moidore of Pottugal 6d. 18gr. £1 10s.
Doubloon of Spain 17d. £3 14s.
French Louis d'or 5d. 4gr. £1 2s. 6d.
French Pistole 4d. 4gr. 18s.
American Eagle 11d. 6gr. £2 10s.
and all higher & lower denominations of Gold Coin in the same proportion.

I. Be it Enacted by the Governor, Council, and Assembly, That the Gold coin hereafter mentioned, shall pass current and be a legal tender in payment of all Debts and demands whatever in this Province, at the weight and rates following, that is to say — the British Guinea weighing five penny-weight and six grains Troy, at one pound, three shillings and four pence; the Johannes of Portugal, weighing eighteen penny-weight Troy, at four pounds; the Moidore, of Portugal, weighing six penny-weight and eighteen grains Troy, at one pound ten shillings; the milled Dubloon or four pistole piece of Spain, weighing seventeen penny-weight Troy, at three pounds, fourteen shillings; the French Louis d'or coined before the year one Thousand seven Hundred and ninety-Three, weighing five penny-weight and four grains Troy, at one pound, two shillings and six pence; the French Pistole piece, coined before the same period, weighing four penny-weight and four grains Troy, at eighteen shillings; the American Eagle piece, weighing eleven penny-weight and six grains Troy, at two pounds ten shillings. And all the higher and lower denominations of Gold Coin shall also pass current and be a legal tender in payment of all Debts and demands whatsoever in this Province, in the same proportion respectively.

For every grain which any piece weighs more or less than the standard, 2¼d to be added or deducted.

II. And be it further enacted, That for every Grain which any piece of the aforesaid Gold Coins shall respectively weigh more than the standard aforesaid, there shall be allowed and added in all payments made in pieces of Gold Coin by detail, two pence and one farthing Currency; and for every Grain which any piece of the same shall respectively weigh less than the standard aforesaid, there shall be deducted in all such payments two pence and one farthing Currency.

In all payments exceeding £50 Gold may be weighed in bulk.
Gold of Great Britain, Portugal and America together, & that of Spain and France together.
A deduction to be made of two-thirds of a grain for each piece weighed.
Gold of Great Britain, Portugal & America to be computed at 89s. per ounce, & that of Spain & France at 87s. after deduction made.

III. And whereas it would be a great facility in making payments if Gold Coin was weighed in bulk and not in single pieces; Be it therefore enacted, That in every payment exceeding the sum of Fifty Pounds, which shall be made in Gold Coin after the first day of May next, when one of the parties making or receiving the same shall require it, such Gold shall be weighed in bulk and not in single pieces, that is to say — the Gold of Great-Britain, Portugal and America together, and that of Spain and France together, from the weight of which a deduction shall be made of two thirds of a grain Troy, for each piece of Gold Coin so weighed, as a compensation for the loss that may accrue by paying away the same in detail; and in all payments so made the Gold Coin of Great-Britain, Portugal and America, shall be computed at the rate of eighty-nine shillings Currency for each ounce Troy, and that of Spain and France at the rate of eighty-seven shillings Currency for each ounce Troy therein contained, after such deduction made, and so in proportion for a greater or lesser quantity.

No plugged gold to be lawful tender.

IV. And be it further enacted, That no plugged Gold of any kind, shall from and after the passing of this Act, be a lawful tender in this Province.

________________

C. 4. Anno XLV. Geo. III. A. D. 1805.

Index

Preamble		WHEREAS it will tend to prevent the diminution of Gold specie circulating in this Province that the same be regulated according to a standard thatg shall not present and advantage by carrying it into the neighbouring Countries : And whereas and advantage does arise by carrying Gold Coin out of the same.
Gold coin to be a legal tender at the weight and rates following Moidore of Pottugal 6d. 18gr. £1 10s. Doubloon of Spain 17d. £3 14s. French Louis d'or 5d. 4gr. £1 2s. 6d. French Pistole 4d. 4gr. 18s. American Eagle 11d. 6gr. £2 10s. and all higher & lower denominations of Gold Coin in the same proportion.		I. Be it Enacted by the Governor, Council, and Assembly, That the Gold coin hereafter mentioned, shall pass current and be a legal tender in payment of all Debts and demands whatever in this Province, at the weight and rates following, that is to say — the British Guinea weighing five penny-weight and six grains Troy, at one pound, three shillings and four pence; the Johannes of Portugal, weighing eighteen penny-weight Troy, at four pounds; the Moidore, of Portugal, weighing six penny-weight and eighteen grains Troy, at one pound ten shillings; the milled Dubloon or four pistole piece of Spain, weighing seventeen penny-weight Troy, at three pounds, fourteen shillings; the French Louis d'or coined before the year one Thousand seven Hundred and ninety-Three, weighing five penny-weight and four grains Troy, at one pound, two shillings and six pence; the French Pistole piece, coined before the same period, weighing four penny-weight and four grains Troy, at eighteen shillings; the American Eagle piece, weighing eleven penny-weight and six grains Troy, at two pounds ten shillings. And all the higher and lower denominations of Gold Coin shall also pass current and be a legal tender in payment of all Debts and demands whatsoever in this Province, in the same proportion respectively.
For every grain which any piece weighs more or less than the standard, 2¼d to be added or deducted.		II. And be it further enacted, That for every Grain which any piece of the aforesaid Gold Coins shall respectively weigh more than the standard aforesaid, there shall be allowed and added in all payments made in pieces of Gold Coin by detail, two pence and one farthing Currency; and for every Grain which any piece of the same shall respectively weigh less than the standard aforesaid, there shall be deducted in all such payments two pence and one farthing Currency.
In all payments exceeding £50 Gold may be weighed in bulk. Gold of Great Britain, Portugal and America together, & that of Spain and France together. A deduction to be made of two-thirds of a grain for each piece weighed. Gold of Great Britain, Portugal & America to be computed at 89s. per ounce, & that of Spain & France at 87s. after deduction made.		III. And whereas it would be a great facility in making payments if Gold Coin was weighed in bulk and not in single pieces; Be it therefore enacted, That in every payment exceeding the sum of Fifty Pounds, which shall be made in Gold Coin after the first day of May next, when one of the parties making or receiving the same shall require it, such Gold shall be weighed in bulk and not in single pieces, that is to say — the Gold of Great-Britain, Portugal and America together, and that of Spain and France together, from the weight of which a deduction shall be made of two thirds of a grain Troy, for each piece of Gold Coin so weighed, as a compensation for the loss that may accrue by paying away the same in detail; and in all payments so made the Gold Coin of Great-Britain, Portugal and America, shall be computed at the rate of eighty-nine shillings Currency for each ounce Troy, and that of Spain and France at the rate of eighty-seven shillings Currency for each ounce Troy therein contained, after such deduction made, and so in proportion for a greater or lesser quantity.
No plugged gold to be lawful tender.		IV. And be it further enacted, That no plugged Gold of any kind, shall from and after the passing of this Act, be a lawful tender in this Province.