S.L. 46.1 Art. 26Valuation. The standards of NOMINAL Precious Gold Silver Platinum Palladium

(1) The Consul shall value gold or silver precious metal articles and shall base the valuation on the price of gold and silver referred to in regulation 25.

(2) The Consul shall value approximately gold or silver precious metal articles containing diamonds or other precious stones and shall base his valuation on the price of gold and silver referred to in regulation 26 and on the market price prevailing on the date of the valuation.

(3) Before making any valuation the Consul shall weigh the precious metal article and test the fineness of the metal. If any gold or silver articles presented for valuation contain or are attached to stones and other materials which cannot be detached without considerable damage the Consul may calculate the approximate weight of precious metal and issue an approximate valuation.

(4) When a precious metal article has been valued the Consul shall issue, from a counterfoil book, a ticket in the form set out in the Seventh Schedule, which ticket may contain any further particulars that the Consul may consider necessary for the purposes of the valuation.

(5) The Consul shall be responsible for the accuracy of the weight and value stated in the ticket referred to in sub-regulation (4).

(6) The Consul’s valuation shall be subject to the fee indicated in the Eighth Schedule. FIRST SCHEDULE

minimum nominal standards referred to in regulation 4(2) shall be equal to the fineness shown below:

Precious Metal Minimum Standard of Fineness Gold 333 Silver 800 Platinum 850 Palladium 500

SECOND SCHEDULE

STANDARDS OF FINENESS IN THE MANUFACTURER’S OR SPONSOR’S HALLMARK AUTHORISED BY THE CONSUL

metals and their alloys Nominal Standard of Fineness (parts per thousand) 333 375 417 500 585 750 800 840 916 990 999 800 835 925 999 850 900 950 999 500 950 999 THIRD SCHEDULE

FlNENESS MARK SURROUNDS IN MANUFACTURERS’ OR SPONSORS’ HALLMARKS AUTHORISED BY THE CONSUL