This is a
translation of the
LOI (1835) SUR LA
MONNAIE
(Chapter 24.780)
as in force on 1
January 2019
This is not an
authoritative translation of the Law. Whilst it is believed to be correct, no
warranty is given that it is free of errors or omissions or that it is an
accurate translation of the French text. Accordingly, no liability is accepted
for any loss arising from its use.
LAW (1835) ON
CURRENCY
THE STATES, having debated the report of the
Committee charged by the Act of 13th August 1834 to consider the
Petition of 1,113 Jersey residents to His Majesty in Council, relating to a
change of currency in the Island; and in view of the fact that the old French
six pound coins will no longer be legal tender, and will therefore be so devalued that they will
not be able to be regarded as a proper currency; have resolved to rescind their
Act of 7th April last, and, subject to the sanction of His Most
Excellent Majesty in Council, to repeal the following paragraph of the Code of
1771 –
“CURRENCY
In conformity with certain Orders
of the King in Council, one dated the 22nd May 1729, and the other the 9th
July 1730, registered in the States Book on the 25th day of August 1730;
It is decreed that coins in the
form of French silver currency shall be legal tender in Jersey solely according
to their intrinsic value, proportionately to the Ecu or ‘Crown
piece’ of England.
The Ecu or ‘Crown
piece’ of England shall remain at 71 sous; the half-Ecu at 35½
sous; the Shilling at 14 sous; and the half-Shilling at 7 sous.
French Liards
are reduced to their old value of 2 deniers a piece; and the English halfpenny
shall be worth 7 deniers; and English farthings 3½ deniers.”.
And
to substitute the following Regulation –
1
With
effect from 1st October 1834, English money shall be the only
legal currency for payments made in the Island.
2
One pound sterling
shall be taken to be worth 26 livres
in old French currency.