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Paragraph 1

Original text. Later amendments are not shown.

The amount in the new currency payable in respect of a payment referred to in paragraph (3)(c) of regulation 2 which is payable weekly and which falls due on or after the relevant date 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 halfpenny, to the amount in the old currency payable under the contract apart from those Regulations, calculated as follows—

(a)

for any whole shilling or multiple thereof the corresponding amount in the new currency is five new pence or that multiple thereof; and

(b)

for any 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, in relation to any one of four successive weekly payments in a series beginning with the payment first falling due on or after the relevant date, the amount (if any) in new pence shown opposite that amount under the appropriate weekly payment in columns 2 to 5 of that table and an amount or remaining amount of one penny or a halfpenny shall be disregarded in relation to the weekly payment under which no amount in new pence is so shown.

TABLE

Amount in old currency Corresponding amount in new pence
1st weekly payment 2nd weekly payment 3rd weekly payment 4th weekly payment
½d—½p—½p
1d—½p½p½p
1½d½p½p½p1p
2d½p1p1p1p
2½d1p1p1p1p
3d1p1½p1p1½p
3½d1½p1½p1½p1½p
4d1½p1½p1½p2p
4½d1½p2p2p2p
5d2p2p2p2½p
5½d2p2½p2p2½p
6d2½p2½p2½p2½p
6½d2½p3p2½p3p
7d2½p3p3p3p
7½d3p3p3p3½p
8d3p3½p3½p3½p
8½d3½p3½p3½p3½p
9d3½p4p3½p4p
9½d4p4p4p4p
10d4p4p4p4½p
10½d4p4½p4½p4½p
11d4½p4½p4½p5p
11½d4½p5p4½p5p

Payments payable fortnightly