{
  "url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/schedule-4/paragraph-3",
  "json_url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/schedule-4/paragraph-3.json",
  "legislation": "uksi/1970/931",
  "legislation_title": "The Industrial Assurance (Decimal Currency) Regulations 1970",
  "legislation_url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970",
  "path": "schedule/4/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "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—\n(a) for any whole shilling or two shillings the corresponding amount in the new currency is respectively five new pence and ten new pence, 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 the amount in new pence shown opposite that amount in column 2 of that table.\nTABLE\nAmount in old currency\nCorresponding amount in new pence\n½d\n½p\n1d\n½p\n1½d\n1p\n2d\n1p\n2½d\n1½p\n3d\n1½p\n3½d\n1½p\n4d\n2p\n4½d\n2p\n5d\n2½p\n5½d\n2½p\n6d\n2½p\n6½d\n3p\n7d\n3p\n7½d\n3½p\n8d\n3½p\n8½d\n4p\n9d\n4p\n9½d\n4p\n10d\n4½p\n10½d\n4½p\n11d\n5p\n11½d\n5p",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1970/931/schedule/4/paragraph/3",
    "retrieved_at": "2026-10-29T22:58:11.623834+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."
}