The polarisation transfer coefficient Kyy′ has been measured for neutron-proton scattering at 17.4 MeV and θc.m. = 132.9°. Using a neutron beam produced via the 2H(ovvbar|d, n) pd reaction with an average polarization of 50% and a liquid-helium proton polarimeter, a value of Kyy′ = 0.155±0.026 has been obtained. Unlike our recent result at 25.8 MeV, this is smaller than the predictions of modern nucleon-nucleon potentials.