BERMUDA MONETARY AUTHORITY (BERMUDA PETREL COMMEMORATIVE COINS) REGULATIONS 2009

BR 78/2009

The Minister of Finance, in exercise of the powers conferred by section 13 of the Bermuda Monetary Authority Act 1969 and on the recommendation of the Bermuda Monetary Authority, makes the following Regulations:

Short title

1 These Regulations may be cited as the Bermuda Monetary Authority (Bermuda Petrel Commemorative Coins) Regulations 2009.

Issue of Bermuda Petrel Commemorative Coins

2 The Bermuda Monetary Authority (in these Regulations referred to as "the Authority") may issue coins (in these Regulations referred to as "Bermuda Petrel Commemorative Coins").

Denomination

3 The denomination of the Bermuda Petrel Commemorative Coins shall be as follows—

(a) coin 1 – one ounce silver - $2;

(b) coin 2 – one-twentieth ounce gold - $5.

Form and design of coins

4 The form and design of the Bermuda Petrel Commemorative Coins shall be in accordance with the sample coins deposited with the Authority and in particular—

(a) the obverse design of every commemorative coin shall be the portrait by sculptor Ian Rank-Broadley of Her Majesty Queen Elizabeth II in profile, together with the inscriptions ―BERMUDA‖, ―ELIZABETH II‖ and ―2010‖;

(b) the reverse design of coins of the series shall depict a Bermuda Petrel or Cahow (Pterodroma cahow) in flight; and

BERMUDA MONETARY AUTHORITY (BERMUDA PETREL COMMEMORATIVE COINS ) REGULATIONS 2 0 0 9

(c) the shape of every commemorative coin shall be round.

Standard weight and composition

5 The standard weight and composition of the Bermuda Petrel Commemorative Coins, and the amount of tolerance and variation allowed therein, shall be as set out in the Schedule.

SCHEDULE (regulation 5)

Remedy Allowance

Standard Standard Coin Standard Weight Diameter Edge Weight Composition Diameter Description Composition (grammes) (millimetres) (grammes) (millimetres)

one ounce .999 Ag 31.604g 38.61mm milled -0+ 0.42g Silver 99.9% Ag +/-0.08mm silver

one-twentieth .9999 Au 1.555g 16mm milled +/-0.05g Gold 99.99% Au +/-0.08mm ounce gold

Made this 18th day of December, 2009

Minister of Finance