This order establishes the legal sterling equivalents for specific monetary amounts referenced in various merchant shipping enactments. The document serves as a formal statutory instrument issued by the British government to ensure that financial penalties and liability limits defined in older legislation remain consistent with current currency values. It provides the necessary legal framework for maritime authorities to enforce regulations effectively within the jurisdiction of the United Kingdom.

Legal professionals and maritime historians utilize this document as a primary source for tracking the evolution of financial liability in British shipping law. Experts note that such instruments are highly technical and intended strictly for regulatory compliance and historical record-keeping purposes.