Coin (Import and Export) Act

This Act may be cited as the Coin (Import and Ex-port) Act.

"banker" means any company incorporated in

Brunei including any company registered under

S.99/59

Short title

Interpreta-tion

Part IX of the Companies Act and carrying on the cap.

business of banking under a licence issued under any written law in force in Brunei;

"money-changer" means a person who carries on the business of money-changing as his chief business.

His Majesty the Sultan and Yang Di-Pertuan may by public notification prohibit

the importation into Brunei of such coins, whether legal tender within Brunei or not, as are in such notification specified;

the exportation from Brunei of such coins, being legal tender within Brunei, as are in such notification specified;

the circulation in Brunei of such foreign coins, not being legal tender within Brunei, as are in such notification specified.

His Majesty in Council may, by public notifica-tion, exempt any country or state from the operation of any notification prohibiting the importation into or exportation from Brunei of such coins as are in such notification spe-cified.

His Majesty in Council may by public notification rescind or vary any notification published under section 3.

Any person who in contravention of any notifica-tion published under section 3 or 4 imports or exports or attempts to import or export any coin in such notification specified to the amount of $5 in nominal value or upwards in the case of copper or bronze coin, or of $25 in nominal value or upwards in the case of silver coin, shall be guilty of an offence: Penalty, a fine of $2,000, and any coin so imported or exported or attempted to be imported or exported in contravention of any such notification shall be forfeited.

In any case in which it has been proved to the satisfaction of a Court that coin has been exported in con-travention of any such notification as aforesaid it may im-pose in addition to the fine authorised by this section a further penalty not exceeding the amount or value of the coin so found to have been exported.

The provisions of this section shall not apply to any coin imported or exported under a licence in writing under the hand of·the Minister or of any officer appointed in that behalf by the Minister. Every such licence shall specify the terms on which such coin may be imported or exported as the case may be.

Any person who in contravention of any such

For the purposes of this section a person is not deemed to circulate coin who gives such coin to a banker or money-changer in exchange for other coin or for notes.

Any coin the circulation of which in Brunei is prohi-bited by any such notification as aforesaid found within

Brunei otherwise than in the possession of a banker or money-changer after the expiration of 30 days from the pub-lication of such notification n1ay be forfeited, and may be seized without warrant by any police officer and detained pending the declaration of a magistrate as to its forfeiture.

Any magistrate, if satisfied by sworn information in writing that there is good reason to believe that any coin which has been imported or is in the act of being imported or exported in contravention of any such notification as aforesaid is likely to be found in any place to the nominal value of $50 or upwards, may by warrant under his hand direct any public officer named or specified therein to enter such place and search the same and seize all coin or coins found therein the importation or exportation of which is for the time being prohibited as aforesaid and detain the same pending the declaration of a magistrate as to its forfeiture.

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Forfeiture of prohibited coin

Any person found offending against the provisions of Arrest with-this Act may be arrested by any police officer without war-out warrant rant.

Forfeitures under this Act may be declared by a Forfeitures magistrate.

A convicting magistrate may direct any fine or any Reward to in-portion of a fine imposed and levied under this Act to be former paid to the informer or informers.