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Decimal Currency Act 1969
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- UK Public General Acts
- 1969 c. 19
- SCHEDULE 2
- The Betting, Gaming and...
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[1963 c. 2.] The Betting, Gaming and Lotteries Act 1963
17In Schedule 5 to the Betting, Gaming and Lotteries Act 1963, there shall be substituted for paragraph 5 the following paragraph—
“5Where the amount payable in respect of each betting unit staked by a person winning a bet is or includes a fraction of a new penny, then—
(a)if that fraction does not exceed one-half, it may be retained by the operator; but
(b)if that fraction exceeds one-half, the amount payable in respect of each betting unit staked by the said person shall be deemed to be increased to the nearest multiple of a new penny.”
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