This document establishes the regulatory framework for adjusting social security and industrial injury benefits to align with the decimalization of the British currency in 1970. The text is authored by the legislative bodies of Great Britain to ensure that existing financial provisions remain accurate and legally binding during the transition from the traditional pound, shilling, and pence system to the decimal system. It provides the necessary legal mechanisms to convert benefit rates and contribution amounts into the new currency format.

Legal professionals and historians utilize this text as a primary source for understanding the administrative mechanics of the 1970 currency reform. It is considered a highly technical document intended for regulatory compliance rather than general reading.