THE DIMINISHING SOVEREIGN
GOVERNMENT STATISTICIAN'S ' ESTIMATES.
According to (ho estimate* published by the Government Statistician in 11* , "Abstrnct of Statistics,"" the purchasing power of the sovereign showed a further decline in the March quarter-of the current year. If 1 lie averaging purchasing power of ft sovereign' expended on foodstuffs in the period 1009-13 is taken as" representing 205., the worth of tho sovereisrn in March was 13s. 113 d. ,: The Government Statistician provides the following table showing the. money required' to purcjmse in Auckland, Wellington, Christchurch,. and Duncdin tho foodstuffs that would.have cost 20s. in tho average of the prices, .prevailing m tho centres in the. period 1909-13:-Year. Auck. Wei. Chcli. Dun, s. d. s. d. s. d. R. d, WU . ;» 22-.41 21 4 21 10i 10 5 .... 24 H it IK 23 'fi -2310 1918 25 10" 2S -91 25..0 24 M 1917 27 4J 27 11} 26 11 26 6J March Qr. ' ' •■• 1918 ... 257.. 29 .31 . 27 6} 28 5} ' IOIV '!.' 26 91 27 2! .26 10 26 4f
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Dominion, Volume 11, Issue 199, 11 May 1918, Page 6
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171THE DIMINISHING SOVEREIGN Dominion, Volume 11, Issue 199, 11 May 1918, Page 6
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