§ 50. Sir W. Smithers
asked the Chancellor of the Exchequer if he will give details of the information and sources on which he bases his calculations that the purchasing power of the £sterling is 45 compared with 1900, including the cost-of-living subsidy.
§ Sir W. Smithers
Is the Financial Secretary aware that I, for one, have no confidence in the accuracy of the several calculations made by the Treasury? Is he also aware that on another basis, of calculation, .45, which is 9s., works out at about 5s., and will he have another look at the matter?