{
  "url": "https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970/schedule-3/paragraph-1",
  "json_url": "https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970/schedule-3/paragraph-1.json",
  "legislation": "uksi/1970/932",
  "legislation_title": "The Friendly Societies (Decimal Currency) Regulations 1970",
  "legislation_url": "https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970",
  "path": "schedule/3/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "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—\n(a) for any whole shilling or multiple thereof the corresponding amount in the new currency is five new pence or that multiple thereof; and\n(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.\nTABLE\nAmount in old currency\nCorresponding amount in new pence\n1st weekly payment\n2nd weekly payment\n3rd weekly payment\n4th weekly payment\n½d\n—\n½p\n—\n½p\n1d\n—\n½p\n½p\n½p\n1½d\n½p\n½p\n½p\n1p\n2d\n½p\n1p\n1p\n1p\n2½d\n1p\n1p\n1p\n1p\n3d\n1p\n1½p\n1p\n1½p\n3½d\n1½p\n1½p\n1½p\n1½p\n4d\n1½p\n1½p\n1½p\n2p\n4½d\n1½p\n2p\n2p\n2p\n5d\n2p\n2p\n2p\n2½p\n5½d\n2p\n2½p\n2p\n2½p\n6d\n2½p\n2½p\n2½p\n2½p\n6½d\n2½p\n3p\n2½p\n3p\n7d\n2½p\n3p\n3p\n3p\n7½d\n3p\n3p\n3p\n3½p\n8d\n3p\n3½p\n3½p\n3½p\n8½d\n3½p\n3½p\n3½p\n3½p\n9d\n3½p\n4p\n3½p\n4p\n9½d\n4p\n4p\n4p\n4p\n10d\n4p\n4p\n4p\n4½p\n10½d\n4p\n4½p\n4½p\n4½p\n11d\n4½p\n4½p\n4½p\n5p\n11½d\n4½p\n5p\n4½p\n5p\nPayments payable fortnightly",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1970/932/schedule/3/paragraph/1",
    "retrieved_at": "2026-10-29T22:58:10.628984+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}