(1) No person shall make or issue any bank note or coin, other than a bank note or coin issued under this Act.
(2) Every person who contravenes subsection (1) commits an offence against this Act and shall be liable on conviction on indictment,—
(a) in the case of an individual, to imprisonment for a term not exceeding 3 years or to a fine not exceeding $100,000:
(b) in the case of a body corporate, to a fine not exceeding $300,000.