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Bermuda Monetary Authority (Bermuda Stone Quarrying Commemorative Coins) Regulations 2004

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Bermuda Monetary Authority (Bermuda Stone Quarrying Commemorative Coins) Regulations 2004
BERMUDA MONETARY AUTHORITY (BERMUDA STONE
QUARRYING COMMEMORATIVE COINS) REGULATIONS 2004

1

BR 30/2004

BERMUDA MONETARY AUTHORITY ACT 1969

1969 : 57

BERMUDA MONETARY AUTHORITY (BERMUDA STONE
QUARRYING COMMEMORATIVE COINS) REGULATIONS 2004

The Minister of Finance, in exercise of the powers conferred by
section 13 of the Bermuda Monetary Authority Act 1969, and on the
recommendation of the Bermuda Monetary Authority makes the
following Regulations:

Citation
1 These Regulations may be cited as the Bermuda Monetary
Authority (Bermuda Stone Quarrying Commemorative Coins) Regulations
2004.

Issue of Bermuda Stone Quarrying Commemorative Coins
2 The Bermuda Monetary Authority (in these Regulations referred
to as "the Authority") may issue coins (in these Regulations referred to as
"Bermuda Stone Quarrying Commemorative Coins").

Denomination
3 The denomination of the Bermuda Stone Quarrying
Commemorative Coins shall be $5.00 (five dollars)-Silver Proof.

BERMUDA MONETARY AUTHORITY (BERMUDA STONE
QUARRYING COMMEMORATIVE COINS) REGULATIONS 2004

2

Form and design of coins
4 The form and design of the Bermuda Stone Quarrying
Commemorative Coins shall be in accordance with the sample coins
deposited with the Authority and in particular —

(a) the obverse design of every coin shall be the portrait by
sculptor Ian Rank-Bradley of Her Majesty Queen
Elizabeth II in profile, with the inscription "BERMUDA",
"ELIZABETH II", the respective year "2004" and the
denomination;

(b) the reverse design of every coin will depict the
Stonecutters with circumferential lettering with the
inscriptions "BERMUDA", "STONE QUARRYING" and
"2004"; and

(c) the shape of every coin shall be round.

Standard weight and composition
5 The standard weight and composition of the Bermuda Stone
Quarrying Commemorative Coins, and the amount of tolerance and
variation allowed therein, shall be as set forth in the Schedule.

SCHEDULE (regulation 5)

Remedy Allowance

Standard Standard
Denomination Standard Weight Diameter Edge Weight Composition Diameter

Composition (grammes) (millimeters) (grammes) (millimeters)

Five Dollars .925 Silver 28.28gms 38.61 mm milled +/-0.125 Millesimal
Fineness .925
+/-0.005

+/-0.08

Made this 18th day of May, 2004

Minister of Finance