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S.I. No. 102/1992 -- Coinage (Weight and Remedy Allowance of Five Pence Coin) Order, 1992.

S.I. No. 102/1992 -- Coinage (Weight and Remedy Allowance of Five Pence Coin) Order, 1992. 1992 102

S.I. No. 102/1992:

COINAGE (WEIGHT AND REMEDY ALLOWANCE OF FIVE PENCE COIN) ORDER, 1992.

I, BERTIE AHERN, Minister for Finance, in exercise of the powers conferred on me by subsection (3A) (inserted by section 125 of the Central Bank Act, 1989 (No. 16 of 1989)) of section 3 of the Decimal Currency Act, 1969 (No. 23 of 1969), hereby order as follows:

1. (1) This Order may be cited as the Coinage (Weight and Remedy Allowance of Five Pence Coin) Order, 1992.

(2) This Order shall come into operation on the 1st day of June, 1992.

2. The First Schedule to the Decimal Currency Act, 1969 (No. 23 of 1969), is hereby amended, opposite the mention of five pence in column (1), by--

( a ) the substitution in column (2) of "3.25000" for "5.65518", and

( b ) the substitution in column (4) of "0.0300" for "0.0375", and the said Schedule, in so far as it relates to a coin of the denomination of five pence, as so amended, is set out in the Table to this Article.

TABLE

(1)

(2)

(3)

Remedy Allowance

(4)

Denomination of Coin

Standard Weight (grams)

Standard Composition

Weight

(grams) --

applicable to the average weight of a coin in a sample of not more than one kilogram of the coin in question

Composition

Five pence

3.25000

75 per cent copper, 25 per cent nickel

0.0300

2 per cent

GIVEN under my Official Seal, this 28th day of April 1992.

BERTIE AHERN,

Minister for Finance.

EXPLANATORY NOTE.

This Order provides for the issue of a new 5p coin of the weight and remedy allowance specified in the Order.