The design of the new 10d., illustrated as No. 3 on Plate I, corresponds in general style to the 6d. and 12d. of 1851, but the portrait in the central oval is of Jacques Cartier, the explorer and founder of Canada. There has been some discussion over the identity of the original, it having been claimed that the subject was Sebastian Cabot, the discoverer, just as the portrait on the 6d. stamp has been assigned to Lord Elgin, Governor-General of Canada from 1846 to 1854.[37] Unfortunately no circular announcing the issue of the stamp has come to hand, and, as seen from the quotation already given, the report of the Postmaster General does not give us the information. It is nevertheless a fact that the portrait represents Cartier, the original being a three-quarter length painting in the Hotel de Ville at St. Malo, France, the birthplace of Cartier. The inscriptions in the oval frame are in this case separated by a small picture of the beaver at the right, and three maple leaves at the left. The value is expressed as TEN PENCE, with the numerals "10" in the lower spandrels, followed by the letters "cy" for "currency." In the upper spandrels is the corresponding value in sterling money, expressed as "8d stg". The relation between sterling and currency values and their equivalents in the decimal coinage of the United States was fixed by law, and the matter seems important enough to reproduce the statute here. [37] Philatelic Record, X: 50. 16^o Vict. Cap. CLVIII. An Act to regulate the Currency. [Assented to 14th June, 1853.] * * * * * II. And be it enacted, That the denominations of money in the Currency of this Province, shall be pounds, dollars, shillings, pence, cents and mills: the pound, shilling and penny shall have, respectively, the same proportionate values as they now have, the dollar shall be one-fourth of a pound, the cent shall be one-hundredth of a dollar, and the mill one-tenth of a cent.... III. And be it enacted, That the Pound Currency shall be held to be equivalent to and to represent one hundred and one grains and three hundred and twenty-one thousandths of a grain Troy weight of Gold of the Standard of fineness now prescribed by Law for the Gold Coins of the United Kingdom; and the Dollar Currency shall be held to be equivalent to and to represent one fourth part of the weight aforesaid of Gold of the said Standard.... IV. And be it enacted, That the Pound Sterling shall be held to be equal to one pound, four shillings and four pence, or four dollars, eighty-six cents and two-thirds of a cent, Currency.... * * * * * IX. And be it enacted, That ... the Gold Eagle of the United States, coined after [1st. July, 1834], ... and weighing ten penny weights, eighteen grains, Troy weight, shall pass current and be a legal tender in this Province for ten Dollars or two pounds ten shillings currency....