Paragraph 3

In the case of a payment payable as one of a series to the company or society in respect of which the amount in the old currency payable does not exceed, if a weekly payment, one shilling or, if a fortnightly payment, two shillings, and which falls due on or after the relevant date, the amount in the new currency shall be the amount corresponding to the amount in the old currency payable under the contract or, if that amount would apart from the Industrial Assurance (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—