asked the Taoiseach if he will state the value of the present £1 as at the following dates: 31st March, 1939, 31st March, 1949, 31st March, 1959 and 31st March, 1968.
Ceisteanna—Questions. Oral Answers. - Value of the Pound.
1.
Estimates of the purchasing power of money are based on the retail price index numbers which are calculated only in respect of mid-February, mid-May, mid-August and mid-November each year. On the basis of these index numbers it is estimated that £1 at mid-May, 1968 would purchase the same quantum of goods and services at retail prices as would 5s 5d at mid-May 1939, 9s 11d at mid-May 1949 and 14s 8d at mid-May 1959.