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INTERIM
REGULATIONS ON PUNISHMENT FOR IMPAIRMENT
OF STATE CURRENCY
Council of the Central People's Government
April 19, 1951)
SUBJECT: FINANCE &
BANKING
ISSUING-DEPT: STATE
COUNCIL OF CHINA
ISSUE-DATE: 01/19/1951
IMPLEMENT-DATE: 04/19/1951
LENGTH: 446 words
TEXT:
[Article 1] These Regulations
are formulated for the purpose of protecting our state currency
and consolidating
our state finance.
[Article 2] The state
currency referred to in these Regulations means the currency issued
by the People's
Bank of China.
[Article 3] If the state currency is forged for counter-revolutionary purposes, the major culprits or those whose cases are serious shall be sentenced to death, those whose cases are less serious shall be sentenced to imprisonment for life or for a term of no more than 15 or less than 7 years and the whole or a part of their properties shall be confiscated.
If the state currency
is counterfeited or the forged or counterfeit state currency is
circulated for
sale or put to use for counter-revolutionary purposes,
the major culprits or those whose cases are serious shall be
sentenced
to death or imprisonment for life; those whose cases are less serious
shall be sentenced
to imprisonment for a term of no more than 15
or less than 5 years and the whole or a part of their properties
shall be confiscated.
[Article 4] If the state currency is forged with the intention of seeking profits, the major culprits or those whose cases are serious shall be sentenced to death or imprisonment for life, those whose cases are less serious shall be sentenced to imprisonment for a term of not more than 15 or less than 3 years and the whole or a part of their properties shall be confiscated.
If the state currency
is counterfeited or the forged or counterfeit state currency is
circulated for
sale or put to use with the intention of seeking
profits, the major culprits or those whose cases are serious shall
be sentenced to imprisonment for life or for a term of not more
than 15 or less than 7 years and the
whole or a part of their properties
shall be confiscated; those whose cases are less serious shall be
sentenced to imprisonment for a term of not more than 10 years or
less than 1 year and fined as the court thinks
fit; those whose
cases are not serious shall be sentenced to corvee for a term of
not more than 1 year
or punished by fines as the court thinks fit.
[Article 5] Those who spread rumours or use other means to damage the credit of the state currency shall be sentenced to imprisonment for not more than 5 years or punished by fines.
Those who commit the above crime for counter-revolutionary purposes shall be sentenced to imprisonment for a term of not more than 15 or less than 5 years, the major culprits or those whose cases are serious shall be sentenced to death or imprisonment for life and the whole or a part of their properties shall be confiscated.
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