andMr. L. Belton asked the Taoiseach how much the £1 was worth in 1932, 1948, 1956, 1966, and 1967 in terms of the present pound.
Ceisteanna—Questions. Oral Answers. - Value of £.
6.
With your permission, Sir, I propose to circulate in the Official Report a statement giving the estimated amounts which would be required at mid-August, 1968 to purchase the same quantum of goods and services at retail prices as would £1 in the years specified.
Following is the statement:—
ESTIMATED amounts which would be required at mid-August, 1968 to purchase the same quantum of goods and services at retail prices as would £1 in the years specified. The estimates are based on the retail price index numbers.
|
Period |
Estimated amount required at mid-August, 1968 |
||
|
£ |
s. |
d. |
|
|
£1 in the year 1932 |
4 |
1 |
2 |
|
,, ,, ,, ,,1948 |
2 |
0 |
4 |
|
,, ,, ,, ,,1956 |
1 |
9 |
11 |
|
,, ,, ,, ,,1966 |
1 |
1 |
7 |
|
,, ,, ,, ,,1967 |
1 |
0 |
11 |
|
,, at mid-August, 1968 |
1 |
0 |
0 |
Is the £ jet propelled? Is it up in the clouds, like the Government at the present time?