Currency Offences (Guernsey) (Amendment) Law, 2001

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PROJET DE LOI

ENTITLED

The Currency Offences (Guernsey) (Amendment) Law, 2001

THE STATES, in pursuance of their Resolution of the 1st day of June, 2000[a], have approved the following provisions which, subject to the Sanction of Her Most Excellent Majesty in Council, shall have force of law in the Bailiwick of Guernsey.

Amendment of the Currency Offences (Guernsey) Law 1950.

1. After section 22 of the Currency Offences (Guernsey) Law, 1950, as amended[b], insert the following section -

"Designated coin and paper money.

23. (1) The Committee may by Order designate any description of non-current coin or non-current paper money as coin or paper money in respect of which the provisions of this Law shall apply in the same manner as if the designated coin or designated paper money was currency.

(2) Any Order made by the Committee under subsection (1) -

(a) may be amended or repealed by a subsequent Order;

(b) may contain such consequential, incidental, supplemental and transitional provisions as may appear to the Committee to be necessary or expedient; and

(c) shall be laid before a meeting of the States as soon as possible and shall, if at that or the next meeting the States resolve to annul the Order, cease to have effect, but without prejudice to any thing done under them or to the making of a new Order.

(3) In this section -

"the Committee" means the States of Guernsey Advisory and Finance Committee.;

"designated coin" means coin designated by the Committee under subsection (1);

"designated paper money" means paper money designated by the Committee under subsection (1);

"non-current coin" means metallic money which is neither currency nor deemed to be current under section 1(2)(d);

"non-current paper money" means paper money which is neither currency nor deemed to be current under section 1(2)(d).".

Citation.

2. This Law may be cited as the Currency Offences (Guernsey) (Amendment) Law, 2001.

[a]	Article VII of Billet d'État No. XII of 2000.
[b]	Ordres en Conseil Vol. XIV, p. 417 and Vol. XXIII, p. 190.