Untitled

Dominion, Volume 6, Issue 1714, 3 April 1913, Page 5

1 Last year, the purchasing power of a i sovereign was 16s. 3d. Thisstatement ap; pears in a record, compiled by (lie Labour , .Department of tlio British Board of , Trade, from prices of twenty-thrco selected articles of food, giving the fluctim- . tions of the purchasing, powev of a sovereign for tlio last eighteen years. The [ figures for each year from lflOli are 18s., I 17s. 7(1., 17s. 2d., 17s. 3d., Ids. lid.. 175., 1 10s. 3d. Mr. Buxton gave' in the llouse of Commons prices of twenty-nine articles in'l9os and 1912, only three of which r sliojv a reduction in price. During that a period coffee, coal, and currants incrcas- 1 od, nearly one-lialf in price; beef, Jiam. t eggs, and cheese, roughly one-fifth; rice c was practically one-fhird dearer, and the li price of tapioca was nearly doubled.