THE SHRINKING SOVEREIGN.
The “shrinking sovereign” i* shewing.a slight tendency towards recovery. For the March quarter of the present year the purchasing power of the sovereign, as measured in foodstuffs, was 13s 11 jd, as against 12s 10£d in the December quarter, of 1918, 13s lljd in the March quarter of-that year, and 20s on the ’average of the base years, 19091913. Putting it another way, it cost 30s 6l'd in the -March quarter of 1919, as against 30s IOJd in tho December quarter, 1914. and 2Ss 5Jd in the March quarter of that year, to buy the amount of foodstuffs which would have cost 20s.ohly on the average of the four chief centres in the years 1909-13,
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https://paperspast.natlib.govt.nz/newspapers/OTMAIL19190718.2.23
Bibliographic details
Otaki Mail, Volume 26, 18 July 1919, Page 4
Word Count
118THE SHRINKING SOVEREIGN. Otaki Mail, Volume 26, 18 July 1919, Page 4
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