# The Friendly Societies (Decimal Currency) Regulations 1970, 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—
(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 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

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Source: https://www.legislation.gov.uk/uksi/1970/932/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-decimal-currency-regulations-1970/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.