Currency Act, 1927

Currency Act, 1927 Permanent Page URL View by Section Amharc de réir Ailt View Full Act Amharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Priontáil an tAcht Iomlán Previous Section Alt Roimhe Next Section An Chéad Alt Eile Priontáil an tAlt 32 1927. CURRENCY ACT, 1927. ARRANGEMENT OF SECTIONS PART I. Preliminary and General. 1. Short title. 2. 3. 4. Standard of value. PART II. Gold Coinage. 5. Coining of gold from bullion on request. 6. Denominations and other particulars of gold coins. 7. Calling in of coins issued under this Act. 8. Prohibition of other gold coins or tokens. 9. Legal tender in gold coins. 10. 11. Application of certain enactments. 12. Defacing light gold coin. 13. Expenses of issue of coins. PART III. The Currency Commission. 14. Constitution of the Currency Commission. 15. The Chairman of the Commission. 16. Removal and disqualification of the Chairman. 17. 18. The ordinary Commissioners. 19. Term of office of ordinary Commissioners. 20. Disqualification of ordinary Commissioners. 21. 22. Election of first elected Commissioners. 23. Nomination of first nominated Commissioners. 24. Election of the first Chairman. 25. Establishment of the Commission. 26. Election of the Chairman other than the first Chairman. 27. Election of elected commissioners other than the first such Commissioners. 28. Nomination of nominated Commissioners other than the first such Commissioners. 29. The London agency. 30. Appointment of Deputy Chairman. 31. Offices and staff of the Commission. 32. Oath to be taken by Chairman, Commissioners and officers of the Commission. 33. Procedure of the Commission. 34. The seal of the Commission. 35. Accounts and records of the Commission. 36. Reports and returns by the Commission. 37. Giving of information by bankers to the Commission. 38. Issue and redemption by the Commission of coins under the Coinage Act, 1926. PART IV. 39. 40. 41. 42. 43. 44. PART V. Legal Tender Notes. 45. Provision of legal tender notes. 46. Application of certain enactments. 47. Issue of legal tender notes. 48. Calling in of legal tender notes. 49. Redemption of legal tender notes. 50. Provision of money to redeem legal tender notes. PART VI. Consolidated Bank Notes. 51. Provision of consolidated bank notes. 52. Issue of consolidated bank notes. 53. Limit of amount of consolidated bank notes. 54. 55. Extraordinary issues of consolidated bank notes. 56. Limit on issue of consolidated bank notes to particular banks. 57. Retirement and cancellation of consolidated bank notes. 58. 59. 60. Prohibition of bank notes other than consolidated bank notes. PART VII. 61. Legal tender note fund. 62. The note reserve fund. 63. General Fund. 64. 65. Payments on consolidated bank notes. 66. Payments on certain outstanding bank notes. 67. Exemptions from taxes and duties. 68. Bankers composition duty. FIRST SCHEDULE. SECOND SCHEDULE. THIRD SCHEDULE. FOURTH SCHEDULE. Coinage Act, 1926 No. 14 of 1926 No. 4 of 1923 32 1927. CURRENCY ACT, 1927. AN ACT TO AUTHORISE THE ISSUE OF GOLD COINAGE, TO MAKE PROVISION FOR THE ISSUE OF CURRENCY NOTES HAVING A LEGAL TENDER QUALITY, TO TERMINATE THE ISSUE OF BANK NOTES BY INDIVIDUAL BANKS AND SUBSTITUTE AN ISSUE OF BANK NOTES BY A CENTRAL AUTHORITY, AND TO ESTABLISH A COMMISSION TO MANAGE AND CONTROL THE ISSUE AND REDEMPTION OF THE SAID CURRENCY NOTES AND THE ISSUE OF BANK NOTES AND TO EXERCISE CERTAIN OTHER FUNCTIONS IN RELATION TO THE CURRENCY. [20 th August , 1927.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:—