Regulation 3 Continuance and modification of sections of the Insurance Act

Sections 7 (Exchequer supplements), 15(4) (Inland Revenue to account to the Secretary of State for sums received by way of graduated contributions), 83(1)(a) (payment of contributions into National Insurance Fund), 83(1)(b)(i) and (ii) (payments out of the National Insurance Fund), and 85(3) and (8) (expenses of Ministers of the Crown) of, and paragraph 19(b) of Schedule 11 (special saving of section 67 of National Insurance Act 1946 to the Insurance Act shall continue in force.

Section 7 of the Insurance Act shall be modified so that there shall be payable out of moneys provided by Parliament a supplement of 18 per cent. on all contributions (including graduated contributions) payable under the Insurance Act received after 31st March 1975; so however that this modification shall not have effect for the purpose of any adjustment made after 31st March 1975 of the amount of such supplement payable in respect of contributions received before 1st April 1975.