Coinage Ordinance


Published: 1997-06-30

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Cap 454 - COINAGE ORDINANCE 1

Chapter: 454 COINAGE ORDINANCE Gazette Number Version Date

Long title 30/06/1997


An Ordinance to make provision for the issue of legal tender coins, to provide for matters relating to the
demonetization of the one cent currency note and to provide for other related matters.

(Enacted 1994)


[30 December 1994] L.N. 683 of 1994

(Originally 81 of 1994)

Section: 1 Short title 30/06/1997


(1) This Ordinance may be cited as the Coinage Ordinance.
(2) (Omitted as spent)

(Enacted 1994)

Section: 2 Legal tender coins 68 of 1999 01/07/1997


Remarks:
Adaptation amendments retroactively made - see 68 of 1999 s. 3


(1) The Chief Executive in Council may, by order, authorize the issue of coins with the design and of the
denomination, composition, standard weight and remedy allowance specified in the order, and such coins shall,
provided they have not been dealt with in any manner prohibited by law, be legal tender for payment as follows-
(Amended 68 of 1999 s. 3)

(a) for coins of denominations of not less than $1, for the payment of an amount not exceeding $100;
(b) for coins of denominations of less than $1, for the payment of an amount not exceeding $2.

(2) Each coin shall be legal tender only for the amount of its denomination.
(3) A coin shall be deemed to have been dealt with in a manner prohibited by law where the coin has been

impaired, diminished or lightened otherwise than by fair wear and tear or has been defaced by having any name, word
or mark stamped or engraved thereon or by cutting, punching or chopping in any way whatever.

(4) The Chief Executive in Council may make regulations providing that any coin which has been dealt with in
a manner prohibited by law may be called in, cut, broken, defaced or disposed of in accordance with such regulations.
(Amended 68 of 1999 s. 3)

(Enacted 1994)

Section: 3 Legal tender coins to continue 30/06/1997


Any coins that were, on the day immediately preceding the day that this Ordinance comes into operation, legal
tender in Hong Kong, shall be deemed to have been authorized for issue under this Ordinance.

(Enacted 1994)

Section: 4 Demonetizing coins 68 of 1999 01/07/1997


Remarks:
Adaptation amendments retroactively made - see 68 of 1999 s. 3


The Chief Executive in Council may at any time, by order, declare that any coins which are legal tender in Hong
Kong shall cease to be legal tender from a date specified in the order and such coins shall accordingly cease to be legal
tender from such date.

(Amended 68 of 1999 s. 3)
(Enacted 1994)





Cap 454 - COINAGE ORDINANCE 2

Section: 5 Minting of coins 30/06/1997


The Financial Secretary may appoint a person, whether in Hong Kong or elsewhere, to mint the coins that have
been authorized to be issued under this Ordinance and the Financial Secretary may make the appointment on such
terms as he thinks fit.

(Enacted 1994)

Section: 6 Demonetization of the one cent currency note 30/06/1997


(1) Subject to subsection (2), where the Financial Secretary, under section 7 of the Dollar and Subsidiary
Currency Notes Ordinance (Cap 67), demonetizes the one cent currency note, the holder of any one cent currency
notes shall, on surrendering them to the Director of Accounting Services, be paid from the general revenue of Hong
Kong an amount in legal tender equal to their face value.

(2) Where the aggregate value of the currency notes is-
(a) less than 10 cents, nothing shall be paid for them;
(b) 10 cents or more, payment shall be made for each multiple of 10 currency notes but, with respect to

any portion left over which is not a multiple of 10, nothing shall be paid for them.
(Enacted 1994)


Section: 7 (Omitted as spent) 30/06/1997


(Enacted 1994)

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