Coinage Act 1870
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Coinage Act 1870
The Coinage Act 1870 (33 & 34 Vict c 10) is an Act of the Parliament of the United Kingdom. It stated the metric weights of British coins. For example, it defined the weight of the sovereign as 7.98805 grams (about 123.27747 grains). The Act was repealed by the Coinage Act 1971. The Act is retained for the Republic of Ireland by section 2 of, and Part 4 of Schedule 1 to, the Statute Law Revision Act 2007. The Act also vested the titles of Master of the Mint and 'Governor of the Mint of Scotland', which had ceased minting coins in 1707, in the Chancellor of the Exchequer. The Act also gave the British government the authority to establish branches of the Mint in overseas British possessions. In 1907, the government used that power to establish a branch of the Mint in Ottawa, at the request of the Canadian government. It repealed the authorization in 1931, when the Mint in Ottawa came under full Canadian control. A contemporary history suggests that the Act was influenced by t ...
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Short Title
In certain jurisdictions, including the United Kingdom and other Westminster-influenced jurisdictions (such as Canada or Australia), as well as the United States and the Philippines, primary legislation has both a short title and a long title. The long title (properly, the title in some jurisdictions) is the formal title appearing at the head of a statute (such as an act of Parliament or of Congress) or other legislative instrument. The long title is intended to provide a summarised description of the purpose or scope of the instrument. Like other descriptive components of an act (such as the preamble, section headings, side notes, and short title), the long title seldom affects the operative provisions of an act, except where the operative provisions are unclear or ambiguous and the long title provides a clear statement of the legislature's intention. The short title is the formal name by which legislation may by law be cited. It contrasts with the long title which, while usual ...
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Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ...
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Parliament Of The United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the UK and the overseas territories. Parliament is bicameral but has three parts, consisting of the sovereign ( King-in-Parliament), the House of Lords, and the House of Commons (the primary chamber). In theory, power is officially vested in the King-in-Parliament. However, the Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation; thus power is ''de facto'' vested in the House of Commons. The House of Commons is an elected chamber with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional convention, all governme ...
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Sovereign (British Coin)
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time. The Master of the Mint, William Wellesley Pole had Pistrucci design the new coin; his depiction was also used for other go ...
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Coinage Act 1971
The Coinage Act 1971 is an Act of the Parliament of the United Kingdom which consolidated prior coinage-related enactments relating to the country's coinage. Among its provisions, the term legal tender was redefined and confirms that the Chancellor of the Exchequer is the Master of the Mint Master of the Mint is a title within the Royal Mint given to the most senior person responsible for its operation. It was an important office in the governments of Scotland and England, and later Great Britain and then the United Kingdom, between .... References {{reflist, 30em United Kingdom Acts of Parliament 1971 Financial regulation in the United Kingdom Currency law in the United Kingdom ...
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Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ...
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Statute Law Revision Act 2007
The Statute Law Revision Act 2007 is an Act of the Oireachtas of the Republic of Ireland which repealed a large amount of pre-1922 legislation of Ireland, England, Great Britain and the United Kingdom while preserving a shorter list of statutes. The Act was the largest single Statute Law Revision Act or repealing measure ever enacted internationally. Background Prior to the 2007 Act, statute law revision had been sporadic since Irish independence in 1922. The Statute Law Revision (Pre-Union Irish Statutes) Act 1962 was one major such Act which repealed obsolete legislation of the Parliament of Ireland, which had provided that the Kings of England should be Kings of Ireland (from 1951 called in Northern Ireland the Crown of Ireland Act 1542), together with certain others from 1459 to 1800. Following this, the Statute Law Revision Act 1983 was the last major Act repealing pre-1922 statutes before the current phase of statute law revision, which commenced in 2003 and which also ...
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Master Of The Mint
Master of the Mint is a title within the Royal Mint given to the most senior person responsible for its operation. It was an important office in the governments of Scotland and England, and later Great Britain and then the United Kingdom, between the 16th and 19th centuries. Until 1699, appointment was usually for life. Its holder occasionally sat in the cabinet. During the interregnum (1643–1660) the last Master of the Mint to King Charles, Sir Robert Harley, transferred his allegiance to Parliament and remained in office. After his death in 1656 Aaron Guerdon was appointed. In 1870 the role was amalgamated into the office of the Chancellor of the Exchequer, making the Chancellor, by virtue of his position, the Master of the Mint. The duty of running the mint was given to the Deputy Master of the Mint; who is now the mint's Chief Executive. Masters of the Mint in England *1331 Richard de Snowshill and Richard of Grimsby *1351–? Henry de Bruselee and John Chichester Go ...
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Mints Of Scotland
There were a number of mints in Scotland, for the production of the Scottish coinage. The most important mint was in the capital, Edinburgh, which was active from the reign of David I (1124–1153), and was the last to close, in the 19th century. Carlisle was probably the first Scottish mint in 1136. According to Bateson, David I began to mint coins after capturing the city.Bateson: ''Scottish Coins'' Mints at Bamburgh and Corbridge in Northumberland, under the control of David's son Henry, Earl of Northumberland, later returned to English control. Under Alexander III (1249–1286) there were 16 mints. In the reign of James IV (1488–1513), the sole mint was located at Edinburgh. After this time, the only other active mint was at Stirling, where bawbees were minted under Queen Mary. In 1581 the mint in Edinburgh was relocated to the environs of Cardinal David Beaton's lodging, which then belonged to Archibald Stewart. The buildings became the property of the mint master Thom ...
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Scottish Coinage
From until 1709 the coinage of Scotland was unique, and minted locally. A wide variety of coins, such as the plack, bodle, bawbee, dollar and ryal were produced over that time. For trading purposes coins of Northumbria and various other places had been used before that time; and since 1709 those of the Kingdom of Great Britain, and then of the UK. Ancient history and Roman trade (–400) The earliest coins in Scotland were introduced by the Roman provinces of Britain that were obtained from trade with the westernmost outpost of the Roman Empire. Far from being isolated, the Celts of Caledonia, north of Hadrian's Wall, developed trade to the general benefit of the population, to the north of the Wall. Roman coins appear over a wide range across the country, especially sites near the Antonine Wall. Hadrian's Wall was also regarded as a means to regulate social traffic and trade north, rather than a military defence against the free northern tribes of the Caledoni. Civil settlemen ...
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Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ...
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George Frederick Ansell
__NOTOC__ George Frederick Ansell (4 March 1826 – 21 December 1880) was an English scientific inventor, chemist and assayer, and author of a standard work on the Royal Mint. Biography Ansell was born at Carshalton on 4 March 1826. He was apprenticed for four years to a surgeon, and studied medicine with the intention of adopting a medical life as his profession, but abandoned it for chemistry. After undergoing a course of instruction at the Royal College of Chemistry, he became an assistant to August Wilhelm Hofmann at the Royal School of Mines. In 1854, he gave lectures in chemistry at the Panopticon in Leicester Square, London, but that institution did not last long, and Ansell accepted from Thomas Graham, in November 1856, a situation in the Royal Mint. In 1859, the Royal Mint rejected a batch of gold that was found to be too brittle for the minting of gold sovereigns. Analysis revealed the presence of small amounts of antimony, arsenic and lead. With Ansell's backgro ...
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