(1) The principal Regulations shall be further amended in accordance with the following provisions of this regulation.
(2) In regulation 7 (lower and upper earnings limits for Class 1 contributions) —
(a) for the date “6th April 1995” there shall be substituted the date “6th April 1996”; and
(b) for the sums “£58” and “£440” there shall be substituted respectively the sums “£61” and “£455”.
(3) Regulation 115 (which provides for the payment of a reduced rate Class 1 contribution by serving members of H.M. forces and the Crown as their employer) is hereby revoked.