Singapore legislation
Clause 3
Clause 3
Repeal and re-enactment of section 34
Section 34 of the Currency Act, 1967, is hereby repealed and the following substituted therefor:—“Rates of exchange between notes and coins of the Commissioners and of the Board34.—
(1)
The notes and coins of the Commissioners which continue to be legal tender under subsection (3) of section 14 of this Act shall be exchanged for the notes and coins of the Board at the rates set out in the Schedule to this Act.(2) The President may, by order published in the Gazette, add to, amend or vary the rates of exchange set out in the Schedule to this Act.”.