THE SOVEREIGN.
WHAT CAN IT PURCHASE? ONLY 10s 6d WORTH OF FOOD. The figures of the December quarter 1920, showed a further decrease in the purchasing power of the sovereign, ar measured by the prices ruling in th« three foed groups—groceries, dairy pro duce, and meat. In the December quarter, 1919, tju average “worth” of the sovereign, ai compared with the basic 205,, its aven age purchasing powei over the thre« food groups in the years 11)09-13, war 12s 3d. In the March . quarter, 191 ft, the sovereign shrank stil further, to lli S’/od; in the June quarter tc{ lis in the September quarter to ’los JHdj and in the December quarter >os Ojd”. 5 As compared with the lyurchiuins power of the sovereign, taken (as 20s iij ‘ July, 1914, its “worth” in the |l)eccmbei quarter. 1919, was 13s Hd; ar d it had sunk in the December quarter of 1920 to' Us 3d. The index number for the E tree food groups as at February 15 (187 3) sho'w* ed. however, a decrease of 42 taoints as compared with that for Decani her last (1915).
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Taranaki Daily News, 22 April 1921, Page 6
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186THE SOVEREIGN. Taranaki Daily News, 22 April 1921, Page 6
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