Page:United States Statutes at Large Volume 32 Part 1.djvu/776

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710 FIFTY-SEVENTH CONGRESS. Sess. I. Ch. 1369. 1902. receiving the title. Corporations not organized in the Philippine Islands, and doing business therein, shall be bound by the provisions of this section so far as they are applicable. _ _ °°i”°¥°· oon~:Aon. m?f’f“lj{”*§,{“Q§§§E,°f,ut Sec. 76. That the government of the Philippine Islands is hereby

  • -**0*****- authorized to establish a mint at the city of Manila, in said islands,

P°“~P·°”· for coinage urposes, and the coins hereinafter authorized may be coined at said) mint. And the said government is hereby authorized {,’f,‘}}’§‘g·Sm€S laws to enact laws necessary for such establishment: Provided, That the ¤m>1ic¤1>1¤· laws of the United States relating to mints and coinage, so far as appli- _ cable, are hereby extended to the coinage of said islands. ¤§‘§§§§§ 0‘]fm*Q}*’“"“‘ Sec. 77. That the government of the Philippine Islands is authorized 1>».¤¢,p.ss»s. to coin, for use in said islands, a coin of the denomination of fifty centavos and of the weight of one hundred and ninety-two and ninetenth grains, a coin of the denomination of twenty centavos and of the weight of seventy-seven and sixteen one-hundredths grains, and a coin of the denomination of ten centavos and of the weig t of thirty- eight and fifty-eight one—hundredths grains, and the standard of said silver coins shall be such that of one thousand parts by weight nine hlpndred spall be of pure metal and one hundred of alloy, and the alloy s all be 0 co r. P“’°“"°°"’“m°"’ Sec. 78. Tliigé the subsidiary silver coins authorized by the preceding P·»~¢-1>·¤55- section shall be coined under the authority of the government of the Philippine Islands in such amounts as it may determine, with the approval of the Secretar of War of the United States, from silver bullion purchased by said, government, with the approval of the Secmim Swim, retary of War of the United States: Provided, That said overnment Filipino dollars. src. may in addition and in its discretion recoin the Spanish fgili ino dollars and subsidiary silver coins issued under the authority of the Spanish Government for use in said islands into the subsidiary coins provided for in the preceding section at such rate and under such regulations as it may plreseribe, and the subsidiary silver coins authorized by tgislsection s all be legal tender in said islands to the amount of ten dollars. M’“°’ °°*”'* Sec. 79. That the government of the Philippine Islands is also authorized to issue minor coins of the denominations of one·half centavo, one centavo, and live centavos, and such minor coins shall be

    • “°*’· le l tender in said islands for amounts not exceeding one dollar. The

ali} of the five-centavo piece shall be of copper and nickel, to be composed of three—fourths copper and one-fourth nickel. The alloy of the one-centavo and one-half—centavo pieces shall be ninety-five per centum of copper and live per centum of tin and zinc, in such proportions as Y"lg'“· shall be determined by said government. The weight of the fivecentavo piece shall be seventy-seven and sixteen-hundredths grains troy, and of the one-centavo piece eighty grains troy, and of the onehalf-centavo iece forty grains troy.

  • ’“’°**¤*‘ °*¤*°¤*'· Sec. 80. That for the purchase of metal for the subsidiary and

minor coinage, authorized by the preceding sections, an appropriation · may be ma e by the government of the hilippine Islands from its current funds, which shall be reimbursed from the coinage under said sections; and the gain or seigniorage arising therefrom shall be paid into the treasury of said Islands. uff,{f" °‘°°‘”"·5° "F* Sec. 81. That the subsidiary and minor coinage hereinbefore authorized may be coined at the mint of the government of the Philippine Islands at Manila. or arrangements may be made by the said government with the Secretary of the Treasury of the United States for their coinage at any of the mints of the United States, at a charge covering the reasonable costof the work.