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Decimal Currency Act 1969

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This is the original version (as it was originally enacted).

Schedule 1Method of Calculating in Certain Cases the Amount in New Pence Corresponding to an Amount in Shillings and Pence

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). Table

Amount in old currencyCorresponding 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
Is. 0d.5p
Is. 1d.5p
Is. 2d.6p
Is. 3d.6p
Is. 4d.7p
Is. 5d.7p
Is. 6d.7p
Is. 7d.8p
Is. 8d.8p
Is. 9d.9p
Is. 10d.9p
Is. 11d10p

Schedule 2Amendments of Provisions Referring to Amounts in Shillings and Pence

The Militia (City of London) Act 1820

1In section 35 of the Militia (City of London) Act 1820, for the words " thirteen shillings and fourpence " there shall be substituted the words

and sixty-seven new pence.

The Pawnbrokers Act 1872

2(1)The Pawnbrokers Act 1872 shall be amended in accordance with the following provisions of this paragraph.

(2)In Schedule 3, in the provisions relating to the forms of pawn ticket (as amended by section 6 of the Pawnbrokers Act 1960)—

(a)in forms A, B and C, in the item specifying the charge for the pawn ticket, for the word " twopence " there shall be substituted the words

one new penny;

(b)in forms A and B, for the item specifying the valuation fee there shall be substituted— for valuation fee on receipt of the pledge, on each thirty new pence or part of thirty new pence lent¦¦¦¦¦¦.. one new penny " and, in the item specifying the amount which may be charged for profit, for the words " two shillings or part of two shillings " and " one halfpenny " there shall be substituted respectively the words

twenty-five new pence or part of twenty-five new penceand " one new halfpenny ";

(c)in form C, in the item specifying the amount which may be charged for profit, for the words " two shillings and sixpence or part of two shillings and sixpence " and " one halfpenny " there shall be substituted respectively the words

thirty new pence or part of thirty new penceand " one new halfpenny ".

(3)In Schedule 4—

(a)in Part I, for the words " two shillings or fraction of two shillings lent ¦¦¦¦ one halfpenny ", in both places where they occur, there shall be substituted the words

twenty-five new pence or fraction of twenty-five new pence lent ¦¦¦... one new halfpenny,

and for the words " two shillings and sixpence or fraction of a sum of two shillings and sixpence ¦¦¦... one halfpenny " there shall be substituted the words

thirty new pence or fraction of a sum of thirty new pence ¦¦¦.... one new halfpenny;

(b)in the provisions substituted for Parts II to IV by section 4 of the Pawnbrokers Act 1960 (including those provisions as set out in the Schedule to that Act), for the word

twopence,

in both places where it occurs, there shall be substituted the words

one new penny.

(4)Nothing in the foregoing provisions of this paragraph shall apply to a loan made before the appointed day.

The Revenue, Friendly Societies and National Debt Act 1882

3In section 18 of the Revenue, Friendly Societies and National Debt Act 1882, for the word " penny " there shall be substituted the words

new penny.

The Citation Amendment (Scotland) Act 1882

4In Schedule 2 to the Citation Amendment (Scotland) Act 1882, in the provisions relating to inferior courts—

(a)in paragraph 1, for the words from " the above-mentioned fees " to the end there shall be substituted the words

the first-mentioned fee shall be allowed for the first party only, and for every other party there shall be allowed a reduced fee of 3 ½ p (instead of 5p); and

(b)in paragraph 2(1), the item specifying the fee for citing every witness after the first for the same diet shall have effect as if the amount specified were 3 ½ p instead of 8d.

The Small Dwellings Acquisition Act 1899

5In subsection (4) of section 9 of the Small Dwellings Acquisition Act 1899, as originally enacted, for the words " one halfpenny ", in both places where they occur, there shall be substituted the words

0.3p

and for the words "one penny", in both places where they occur, there shall be substituted the words

0.6p; and section 75 of the Local Government Act 1929 (increase of certain statutory limits) shall not apply to the said section 9 as amended by this paragraph.

The Allotments Act 1922

6In subsection (1) of section 16 of the Allotments Act 1922, for the words from " taken " onwards there shall be substituted the words

taken, to exceed the receipts of the council under those provisions by no greater amount than would be produced by a rate of 0.8p in the pound; and section 75 of the Local Government Act 1929 (increase of certain statutory limits) shall not apply to the said section 16 as amended by this paragraph.

The War Memorials (Local Authorities' Powers) Act 1923

7In section 2 of the War Memorials (Local Authorities' Powers) Act 1923, as originally enacted, for the words " a penny " there shall be substituted the words

0-6p, and section 75 of the Local Government Act 1929 (increase of certain statutory limits) shall not apply to that section as amended by this paragraph.

The Local Authorities (Publicity) Act 1931

8In section 1(1) of the Local Authorities (Publicity) Act 1931, for the words " one halfpenny " there shall be substituted the words

0.2p.

The Local Government Act 1933

9In section 193(3) of the Local Government Act 1933, for the words " fourpence " and " eightpence " there shall be substituted respectively the words

1.7p

and " 3.3p ", and in section 193(5) of that Act, for the word " eightpence " there shall be substituted the words

3.3p.

The Health Resorts and Watering Places Act 1936

10In section 1(1)(b) of the Health Resorts and Watering Places Act 1936, for the words " three pence " there shall be substituted the words

1.3p.

The Local Government (Scotland) Act 1947

11(1)The Local Government (Scotland) Act 1947 shall be amended in accordance with the following provisions of this paragraph.

(2)In section 191(2), for the words " one penny " there shall be substituted the words

0.4p.

(3)In section 191(3)(c), for the words " three pence " there shall be substituted the words

1.3p.

(4)In section 191(3)(f), for the words " one halfpenny" there shall be substituted the words

0.2p.

(5)In section 191(3)(g), for the words " three pence " there shall be substituted the words

1.3p.

(6)In section 236, for the words " penny" and " halfpenny", wherever they occur, there shall be substituted respectively the words

new pennyand " new halfpenny ".

(7)In proviso (a) to section 339(1), for the words " two pence " there shall be substituted the words

0.8p.

The Local Government (Miscellaneous Provisions) Act 1953

12In section 2(2) of the Local Government (Miscellaneous Provisions) Act 1953, for the words " fourpence ", " threepence " and " twopence" there shall be substituted respectively the words

l.7p, "l.3p " and "0.8p ".

The Maintenance Orders Act 1958

13In section 13(3) of the Maintenance Orders Act 1958, for the word " sixpence ", in both places where it occurs, there shall be substituted the words

three new pence.

The Town and Country Planning Act 1959

14In section 27(3)(b) of the Town and Country Planning Act 1959, for the words " one penny" there shall be substituted the words

0.4p.

The Housing Act 1961

15Paragraph 2(3) of Schedule 1 to the Housing Act 1961, in its application by virtue of paragraph 3 of that Schedule to a dwelling to which the said paragraph 3 applies, shall have effect in relation to any financial year beginning after the appointed day as if for the references to the product of a penny rate there were substituted references to the product of a new penny rate.

The Public Health and Local Government (Miscellaneous Provisions) Act (Northern Ireland) 1962

16In section 16(2) of the Public Health and Local Government (Miscellaneous Provisions) Act (Northern Ireland) 1962—

(a)in paragraphs (a) and (b), for the words " one halfpenny" there shall be substituted the words

0.2p; and

(b)in paragraph (c), for the words " one penny " there shall be substituted the words

0.4p.

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.

The Local Government (Financial Provisions) (Scotland) Act 1963

18(1)In relation to the year 1971-72 and subsequent years the Local Government (Financial Provisions) (Scotland) Act 1963 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In section 7(1) and section 9(1), for the words " one penny " there shall be substituted the words

one new penny.

The Water Resources Act 1963

19(1)In relation to the financial year beginning with 1st April 1971 and subsequent financial years the Water Resources Act 1963 shall have effect subject to the amendments specified in the following provisions of this paragraph.

(2)In section 87(6) and (7), for the words " four times " there shall be substituted the words

1.7 times.

(3)In section 87(9), for the word " penny" there shall be substituted the words

new penny.

(4)In section 121(2) and (3), for the words " one penny " there shall be substituted the words

one new penny.

The Local Government (Financial Provisions) Act 1963

20Section 6 of the Local Government (Financial Provisions) Act 1963 shall be amended as follows—

(a)in subsections (2) and (6), for the words " one penny " and " one-fifth of a penny " respectively, wherever they occur, there shall be substituted the words

0.4pand " 0.lp "; and

(b)in subsection (5), for the words " a penny " there shall be substituted the words

any amount.

The Licensing Act 1964

21In section 30 of the Licensing Act 1964, in subsection (5) (including that subsection as set out in paragraph 4 of Schedule 7 to the Finance Act 1967), for the word " threepence " there shall be substituted the words

one new penny.

The Trading Stamps Act 1964

22In section 3(3) of the Trading Stamps Act 1964, for the word " penny ", in both places where it occurs, there shall be substituted the words

new penny.

The Public Libraries and Museums Act 1964

23In paragraph 2(1) of Schedule 2 to the Public Libraries and Museums Act 1964, for the words " one-fifth of a penny " and " one penny" respectively there shall be substituted the words

0.lpand"0.4p".

The Trading Stamps Act (Northern Ireland) 1965

24In section 3(3) of the Trading Stamps Act (Northern Ireland) 1965, for the word " penny ", in both places where it occurs, there shall be substituted the words

new penny.

The Rating Act 1966

25In section 10(1) of the Rating Act 1966, for the words " one penny " there shall be substituted the words

any amount.

The Local Government Act 1966

26(1)In relation to the year 1971-72 and subsequent years the Local Government Act 1966 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In paragraphs 1 and 3(1) of Part II of Schedule 1, for the words " one penny " there shall be substituted the words

one new penny.

The Local Government (Scotland) Act 1966

27(1)In relation to the year 1971-72 and subsequent years the Local Government (Scotland) Act 1966 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In sections 12, 14(1) and 46(1), and in paragraph 2 of Part I, and paragraph 1 of Part II of Schedule 1, for the words " one penny ", wherever they occur, there shall be substituted the words

one new penny,

and in paragraph 3 of Part III of that Schedule for the word " penny ", in both places where it occurs, there shall be substituted the words

new penny.

The General Rate Act 1967

28(1)In relation to the year beginning with 1st April 1971 and subsequent years the General Rate Act 1967 shall have effect subject to the amendments specified in the following provisions of this paragraph.

(2)In section 12(4), for the words " a penny " there shall be substituted the words

a new penny.

(3)In section 48, in subsection (1)(b) the words " (disregarding any halfpenny) " shall be omitted, and after subsection (1) there shall be inserted as a new subsection (1A)—

(1A)If the amount mentioned in paragraph (b) of subsection (1) of this section includes a fraction of a new penny other than one-half, that fraction, if less than one-half, shall be disregarded and, if greater than one-half, shall be treated as one-half.

(4)In section 113(1)(c), for the word "penny" there shall be substituted the words

new penny.

(5)In paragraph 4(1) of Schedule 5, for the word " penny" there shall be substituted the words

new penny.

The Local Government (Finance) Act (Northern Ireland) 1967

29(1)In relation to the year beginning with 1st April 1971 and subsequent years the Local Government (Finance) Act (Northern Ireland) 1967 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In section 1, in subsections (1) and (4) the words " (disregarding any halfpenny) " shall be omitted, and after subsection (7) there shall be inserted the following subsection—

(7A)For the purposes of subsections (1) and (4), if one-half of the amount prescribed under subsection (1) includes a fraction of a new penny other than one-half, that fraction, if less than one-half, shall be disregarded and, if greater than one-half, shall be treated as one-half.

The Agriculture (Miscellaneous Provisions) Act 1968

30(1)In relation to the year beginning with 1st April 1971 and subsequent years the Agriculture (Miscellaneous Provisions) Act 1968 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In section 22, in subsection (2) for the words " one penny ", in both places where they occur, there shall be substituted the words

one new penny, and subsection (3) shall be omitted.

The Transport Act 1968

31(1)In relation to anything falling to be done after 31st March 1971 the Transport Act 1968 shall have effect subject to the amendments specified in sub-paragraph (2) of this paragraph.

(2)In section 13(2) and in paragraph 2 of Part I of Schedule 5, for the words " one penny " there shall be substituted the words

one new penny.

Schedule 3Entries to be substituted in Schedule 1 to Coinage Act 1870

Standard WeightLeast Current WeightRemedy Allowance
Denomination of CoinImperial WeightMetric WeightImperial WeightMetric WeightStandard FinenessWeight per piece
GrainsGramsGrainsGramsImperial GrainsMetric GramsMillesimal Fineness
SILVER:Thirty-seven- fortieths fine silver, three- fortieths alloy; or millesimal fineness 925.5
Four new pence29.090901.885060.2620.0170
Three new pence21.818181.413790.2120.0138
Two new pence14.545450.942530.1440.0093
New penny7.272720.471260.0870.0056

Schedule 4Repeals

ChapterShort TitleExtent of Repeal
1870 c. 10.The Coinage Act 1870.

In section 4, the words from " or less " to " Act " (where it last occurs), the words "In the case of gold coins " and the words from " In the case of silver " onwards.

Section 6.

In section 11, paragraphs (4) and (6).

In Schedule 1, the paragraph beginning "The weight and fineness of the coins ".

1891 c. 72.The Coinage Act 1891.In the Schedule, the entries relating to silver and bronze coins.
1920 c. 3.The Coinage Act 1920.Section 1(1).
1920 c. 70.The Gold and Silver (Export Control, &c.) Act 1920.The whole Act, so far as unrepealed.
1946 c. 74.The Coinage Act 1946.

Sections 1 to 3.

In section 5(1), the words from the beginning to " 1920, and " and the words from " and to " to " this Act".

Section 6.

The Schedule.

1948 c. 26.The Local Government Act 1948.Section 137.
1950 c. 31.The Allotments Act 1950.Section 11(1).
1960 c. 24.The Pawnbrokers Act 1960.Section 6(1)(c).
1967 c. 9.The General Rate Act 1967.In section 48(1)(b), the words " (disregarding any halfpenny)", except in relation to any period ending before 1st April 1971.
1967 c. 47.The Decimal Currency Act 1967.

In section 2, the words from "and so much" onwards in subsection (3), and subsection (4).

In section 3(3), the words from " and in section 4 " onwards.

In Schedule 2, the words " Section 2 of the Gold and Silver (Export Control. 81c..) Act 1920".

1967 c. 2 (N.I.).The Local Government (Finance) Act (Northern Ireland) 1967.In section 1(1) and (4), the words " (disregarding any halfpenny) ", except in relation to any period ending before 1st April 1971.
1968 c. 34.The Agriculture (Miscellaneous Provisions) Act 1968.Section 22(3), except in relation to any period ending before 1st April 1971.

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