Section 33 of the Finance Act 1962 terminated the power to grant annuities under the Government Annuities Act 1929 except in special cases, but the government annuity tables, which had been used primarily to calculate these annuities, and were also used to determine certain other payments, were kept in force, and the Treasury were given power to vary the tables and add new tables.

This Order varies Tables C.202 and C.201 in Schedule 2 to the Government Annuity Table Order 1968 so that, instead of applying when the average price of £100 2½ per cent. Consolidated Stock is respectively—

(a) less than £30¼ but not less than £30, and

(b) less than £30,

they apply respectively when the average price is—

(i) less than £30¼ but not less than £29⅞, and

(ii) less than £29⅞ but not less than £29⅜.

The Order adds new tables to cover a range of prices below £29⅜ down to £19¼.