RECOMMENDATION

His Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled ``An Act to amend the Royal Canadian Mint Act and the Currency Act''

SUMMARY

This enactment amends the Royal Canadian Mint Act to update the terminology for coins in order to reflect the markets served rather than the metals of which the coins are composed. The amendments simplify the process for issuing coins by giving additional powers to the Mint and to the Minister of Public Works and Government Services. The Mint is given the capacity of a natural person and the power to incorporate subsidiaries and to acquire and dispose of interests in other entities. Other amendments of an administrative nature are also enacted.

This enactment makes corresponding amendments to the Currency Act and increases the maximum amount acceptable as legal tender for certain denominations of coins.