GOLD TRADING ACT

Section 2: Interpretation.

1935Section 2 of 19Federal Republic of Nigeria

In this Act, unless the context otherwise requires-
"authorised gold miner" means any person to whom any right, licence, permission or lease has been granted under the Minerals Act authorising such person to prospect or mine for gold, or any person authorised in writing by the grantee of such right, licence, permission or lease to act on his behalf for the purposes of this Act, provided that such authorisation has been previously communicated to the Minister of Mines, Power and Steel (hereafter referred to as "the Minister");
[Cap.226.]
"buy" and "sell" includes barter; "buy" includes "receive as a pledge or security", and "sell" includes "deposit as a pledge or security";
"court" means a High Court;
[ L.N.47 OF 1955]
"licensed gold dealer" means the holder of a gold dealer's licence issued under this Act;
"licensed goldsmith" means the holder of a goldsmith's licence issued under the Goldsmiths Act;
[Cap.77 of 1958 ]
"Minister" includes any person authorised by the Minister to act on his behalf;
"raw gold" means gold in the raw state, and includes unrefined gold, amalgam, slimes, and scrapings, and smelted gold which is not manufactured into any article of commerce.

Cite this section

Section 2, GOLD TRADING ACT (1935).

https://repo.podus.ai/laws/gold-trading-act/section/2/