§ Mr. de Freitas
asked the Chancellor of the Exchequer whether he is aware that, taking the internal purchasing value of the pound sterling as 20s. in October 1951, it had declined to 18s. 4d. in May, 1953, and to 16s. 1d. in May, 1957; and what was the comparable figure for May, 1961, on the basis of the retail price index.
§ Mr. Barber
Yes, on the basis of the retail price index. The comparable figure for May, 1961 is 14s. 9d.