Sections 3, 4, 5, 8, 9.
The amount in the new currency corresponding to an amount in shillings, shillings and pence or pence shall be calculated as follows—
(a)for any whole two shillings or multiple thereof the corresponding amount in the new currency shall be taken to be ten new pence or that multiple thereof; and
(b)for any amount or remaining amount of less than two shillings shown in column 1 of the following Table the corresponding amount in the new currency shall be taken to be the amount (if any) in new pence shown opposite that amount in column 2 of that Table (and accordingly an amount or remaining amount of one penny shall be disregarded).
| Amount in old currency | Corresponding amount in new pence |
|---|---|
| 1d. | — |
| 2d. | 1p |
| 3d. | 1p |
| 4d. | 2p |
| 5d. | 2p |
| 6d. | 3p |
| 7d. | 3p |
| 8d. | 3p |
| 9d. | 4p |
| 10d. | 4p |
| 11d. | 5p |
| 1s. 0d. | 5p |
| 1s. 1d. | 5p |
| 1s. 2d. | 6p |
| 1s. 3d. | 6p |
| 1s. 4d. | 7p |
| 1s. 5d. | 7p |
| 1s. 6d. | 7p |
| 1s. 7d. | 8p |
| 1s. 8d. | 8p |
| 1s. 9d. | 9p |
| 1s. 10d. | 9p |
| 1s. 11d | 10p |