8 accounts APTC-VOL-I

330 THE ANDHRA PRADESH TREASURY CODE
advice. The cost of returning the coins will be borne by the Treasurer of the remitting
Treasury.
Note :—The rejected coins and slips from remittances received from the Offices
of the Reserve Bank and branches of the State Bank of India will be collected by their
local representative from the Mints periodically, preferably once a month. The
representative will take with him to the Mint Master concerned, a letter authorizing him
to receive the rejected coins and slips in respect of any particular Mint Outturn
Certificate. The Mints reserve the right to destroy all rejected coins not asked for within
three months of the date of issue of the outturn Certificate.
Instrn. 18. At places where there is neither a Currency Office nor a branch, subbranch
or Treasury Pay Office of the State Bank of India, Treasury and Sub-treasury
officers are authorized to accept, for disposal in the usual manner, suspected coins
tendered by Post and Telegraph Offices.
Diminished and Defaced Coin
Instrn. 19. When a. silver coin which has been diminished in weight so as to be
more than 25 percent below standard weight is tendered to any person authorized to act
under Section 16 of the Indian Coinage Act, such person shall cut or break such coin and
return the Cut Coin to the tenderer who shall bear the loss caused by such cutting or
breaking. Coins which have been set diminished in weight but not more than 25 percent
of the standard weight should, when tendered, be disposed of in accordance with the rules
in Chapter I.
Instrn. 20. Soldered and shroff-marked coins or defaced (but not fraudulently
defaced) coins under the Indian Coinage Act should be received and paid for as coins
which have been diminished in weight. In determining the weight of coin to which solder
or other metal has been attached, the weight of such solder or other metal should not be
taken into account. Ordinarily, presenters should be required to remove as much as
possible of the solder at their own cost.
Instrn. 21. When silver coin which has been fraudulently defaced is tendered to
any person authorized to act under Section 16 of the Indian Coinage Act, such person
shall cut or break the coin and return the cut coin to the tender who shall bear the loss
caused by such cutting or breaking. If the defacement is not fraudulent, the coin shall be
received at rates prescribed in Chapter I for coins diminishing in weight but it shall not be
re-issued.
Instrn. 22. The following instructions should be borne in mind in determining
whether coin is fraudulently defaced. A liberal interpretation is given in the Mint to the
orders for rejection of coin fraudulently defaced with combined objects of (1) protecting
innocent holders, such as those who hold their savings in the from of coin made up into
necklace and other ornaments, or those through whose hands defaced coin passes and
who are unable to detect and refuse coins that have been defaced with fraudulent intent,
and (ii) encouraging the return of defaced coin by the public, with a view to maintaining
the standard of the coinage in circulation.
(a) A coin which bears on its surface radial strain shall be deemed to have been
fraudulently defaced.
(b) Defaced coins bearing clear signs (i.e., such as must be obvious to the public)
of defacing with fraudulent intent should be rejected as fraudulently defaced.