§ 61. Mr. SHEPPERSONasked the President of the Board of Trade what was the comparative average price in London of English wheat and the 4-lb. loaf of bread, respectively, for January, 1914, and January, 1929?
§ Mr. H. WILLIAMSAccording to the statutory returns received by the Ministry 1972 of Agriculture, the average price per cwt. of British wheat in London was 7s. 6d. in January, 1914, and 9s. 9d. in January, 1929. The average retail price of the 4-1b. loaf in London, as compiled by the Ministry of Labour, was 5½d. in January, 1914, and 8¼d. in January, 1929.
§ Mr. SHEPPERSONAm I right in. assuming that if the British producer of wheat received to-day the same proportion of what the consumer pays for bread, as he received in 1914, British wheat would be at a figure of 50s. a quarter?