Paragraph 2
The amount in the new currency payable in respect of a payment referred to in paragraph (3)(c) of regulation 2 which is payable fortnightly 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—
for any whole shilling or multiple thereof the corresponding amount in the new currency is five new pence or that multiple thereof; and
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 two successive fortnightly 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 fortnightly payment in columns 2 and 3 of that table and an amount or remaining amount of a halfpenny shall be disregarded in relation to the first of every two successive fortnightly payments.
TABLE
| Amount in old currency | Corresponding amount in new pence | |
|---|---|---|
| 1st fortnightly payment | 2nd fortnightly payment | |
| ½d | — | ½p |
| 1d | ½p | ½p |
| 1½d | ½p | ½p |
| 2d | ½p | 1p |
| 2½d | 1p | 1p |
| 3d | 1p | 1½p |
| 3½d | 1½p | 1½p |
| 4d | 1½p | 2p |
| 4½d | 2p | 2p |
| 5d | 2p | 2p |
| 5½d | 2p | 2½p |
| 6d | 2½p | 2½p |
| 6½d | 2½p | 3p |
| 7d | 3p | 3p |
| 7½d | 3p | 3p |
| 8d | 3p | 3½p |
| 8½d | 3½p | 3½p |
| 9d | 3½p | 4p |
| 9½d | 4p | 4p |
| 10d | 4p | 4½p |
| 10½d | 4½p | 4½p |
| 11d | 4½p | 4½p |
| 11½d | 4½p | 5p |