The Friendly Societies (Decimal Currency) Regulations 1970
These Regulations prescribe the method of converting into decimal currency payments falling due on or after 15th February 1971 under contracts with friendly societies, not being collecting societies, made before that date. They also enable a friendly society to adopt any special scheme approved by the Chief Registrar of Friendly Societies for converting such payments into decimal currency and provide for the circumstances in which a special scheme may be approved.