Ceisteanna—Questions. Oral Answers. - Purchasing Value of Pound.

2.

asked the Taoiseach the purchasing value of the pound for each of the years 1938 to 1962 and at mid-August 1963.

With your permission, Sir, I propose to circulate in the Official Report a statement giving the required information.

Following is the statement:—

ESTIMATED amounts which would be required in the years specified to purchase the same quantum of goods and services at retail prices as would £1 at mid-August, 1963.

Year

Amount

s.

d

1938

6

10

1939

7

0

1940

8

1

1941

8

11

1942

9

10

1943

11

1

1944

11

8

1945

11

7

1946

11

5

1947

12

1

1948

12

6

1949

12

6

1950

12

8

1951

13

9

1952

14

11

1953

15

8

1954

15

9

1955

16

1

1956

16

10

1957

17

7

1958

18

4

1959

18

4

1960

18

4

1961

18

11

1962

19

8

August, 1963

£10

0

3.

asked the Taoiseach if he will state the purchasing value of the pound at mid-August, 1963 as compared with mid-August, 1946.

It is estimated on the basis of the retail price index numbers that at mid-August, 1963, £1 would have purchased the same quantum of goods and services at retail prices as would 11s. 4d. at mid-August, 1946.