# The Friendly Societies (Decimal Currency) Regulations 1970, Schedule 1: AMOUNT IN THE NEW CURRENCY OF A PAYMENT REFERRED TO IN PARAGRAPHS (2) AND (3)(a) OF REGULATION 2


The amount in the new currency payable in respect of a payment referred to in paragraphs (2) and (3)(a) of regulation 2 shall be the amount corresponding to the amount in the old currency payable under the contract calculated as follows—
(a) for an amount or for so much of an amount as consists of one or more whole pounds the corresponding amount in the new currency is the same number of pounds; and
(b) for any whole two shillings or multiple thereof of an amount or remaining amount of less than one pound the corresponding amount in the new currency is ten new pence or that multiple thereof; and
(c) for an amount or remaining amount of less than two shillings shown in column 1 of the following table, the corresponding amount in the new currency is the amount (if any) in new pence shown opposite that amount in column 2 of that table and accordingly an amount or remaining amount of one penny shall be disregarded.
TABLE
Amount in old currency
Corresponding amount in new pence
1d
—
2d
1p
3d
1p
4d
2p
5d
2p
6d
3p
7d
3p
8d
3p
9d
4p
10d
4p
11d
5p
1s 0d
5p
1s 1d
5p
1s 2d
6p
1s 3d
6p
1s 4d
7p
1s 5d
7p
1s 6d
7p
1s 7d
8p
1s 8d
8p
1s 9d
9p
1s 10d
9p
1s 11d
10p

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Source: https://www.legislation.gov.uk/uksi/1970/932/schedule/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970/schedule-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.