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


The amount in the new currency payable in respect of a payment referred to in paragraph (3)(b) of regulation 2 shall be the amount corresponding to the amount in the old currency payable under the contract or, if that amount would apart from the Friendly Societies (Halfpenny) Regulations 1969 be or include a half-penny, to the amount in the old currency payable under the contract apart from those Regulations, 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 that number of pounds; and
(b) for any whole shilling or multiple thereof of an amount or remaining amount of less than one pound the corresponding amount in the new currency is five new pence or that multiple thereof; and
(c) for an amount or remaining amount of less than one shilling 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 halfpenny shall be disregarded.
TABLE
Amount in old currency
Corresponding amount in new pence
½d
—
1d
½p
1½d
½p
2d
1p
2½d
1p
3d
1p
3½d
1½p
4d
1½p
4½d
2p
5d
2p
5½d
2½p
6d
2½p
6½d
2½p
7d
3p
7½d
3p
8d
3½p
8½d
3½p
9d
4p
9½d
4p
10d
4p
10½d
4½p
11d
4½p
11½d
5p

---
Source: https://www.legislation.gov.uk/uksi/1970/932/schedule/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970/schedule-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.