§ Mr. Collick
asked the Chancellor of the Exchequer whether he is aware that, taking the internal purchasing value of the £ sterling as 20s. in October, 1951, it had declined to 18s. 1d. in June, 1954, and to 15s. l1d. in June, 1957; and what was the comparable figure for May, 1962.
§ Sir E. Boyle
Yes, on the basis of the retail price index. The comparable figure for May, 1962, was 14s.