The revised 1962 edition was edited by Matthew Black (General and New Testament Editor) and Harold Henry Rowley (Old Testament Editor).
This edition was completely rewritten but on the same plan as its predecessor, including 103 articles.
Black's Preface pays tribute to the original: "About one thing there was no question: there could be no departure from the Peake tradition of accurate and reliable popular scholarship."
Its aim is to present to the layperson the "generally accepted results of Biblical Criticism, Interpretation, History and Theology".
The volume featured a lead essay on "The Authority of the Bible" by Arthur Michael Ramsey, then Archbishop of Canterbury.