Section III. A Half Pice shall weigh fifty grains troy, and shall be a legal tender in any part of the said terri

III. A Half Pice shall weigh fifty grains troy, and shall be a legal tender in any part of the said territories for $\frac{1}{1 + b}$ part of the Company's Rupee, but shall not be a legal tender except for fractions of a Rupee.