Paragraph 4
Where a friendly society has determined as mentioned in subparagraph (b) of the preceding paragraph, the amount in the new currency payable in respect of a payment referred to in paragraph (3)(c) of regulation 2 which is payable to the society and which falls due before 22nd February 1971 shall be the amount corresponding to the amount in the old currency (being in the case of an amount reduced or increased by one halfpenny by virtue of the Friendly Societies (Halfpenny) Regulations 1969 the amount so reduced or increased) payable under the contract 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 the amount in new pence shown opposite that amount in column 2 of that table.
TABLE
| Amount in old currency | Corresponding amount in new pence |
|---|---|
| 1d | ½p |
| 2d | 1p |
| 3d | 1p |
| 4d | 1½p |
| 5d | 2p |
| 6d | 2½p |
| 7d | 3p |
| 8d | 3½p |
| 9d | 4p |
| 10d | 4p |
| 11d | 4½p |