The Act of 1969 is hereby amended -

(a) in section 14, by the substitution of the following subsection for subsection (3):

"(3) Every person who makes or issues any piece of metal or mixed metal in contravention of subsection (1) of this section shall be guilty of an offence and shall be liable -

(i) on summary conviction to a fine not exceeding £1,000 or at the discretion of the court to imprisonment for a term not exceeding one year or to both such fine and such imprisonment, or

(ii) on conviction on indictment to a fine not exceeding £5,000 or at the discretion of the court to imprisonment for a term not exceeding two years or to both such fine and such imprisonment.",

(b) in section 15, by the substitution of the following subsection for subsection (2):

"(2) If any person -

(a) acts in contravention of this section, or

(b) fails to comply with any condition attached to a licence under this section,

he shall be guilty of an offence and shall be liable -

(i) on summary conviction to a fine not exceeding £1,000 or at the discretion of the court to imprisonment for a term not exceeding one year or to both such fine and such imprisonment, or