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Dáil Éireann debate -
Thursday, 10 Mar 1960

Vol. 180 No. 3

Ceisteanna—Questions. Oral Answers. - Irish Money in Britain: Depreciation in Purchasing Power.

12.

Mr. Ryan

asked the Minister for Finance if he will state the depreciation in terms of purchasing power which has taken place in respect of every £1 million of Irish money held in Britain between the 31st December, 1956 and the 31st December, 1959.

Since price variations over the period were different for different classes of securities, it would be necessary, in order to answer this question, to know the distribution by class of security of each £1 million held in Britain by Irish interests. This information is not available to me.

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