§ 55. Sir W. Smithersasked the Chancellor of the Exchequer to state in tabular form the amounts of loans due to America; the due dates, if any; and the rate of interest.
§ Sir S. CrippsFollowing is the information:
ling taking the year 1900 as 100, for 1910, 1920, 1930, 1945 and at the latest available date; and the figures calculated over the whole field of public expenditure if the cost-of-living subsidies were disregarded.
117W
§ Sir S. CrippsReckoned over the whole field of personal expenditure by the public, the purchasing power of the pound sterling was approximately as follows in the years in question:—
1900 … 100 1910 … 95 1920 … 37 1930 … 58 1945 … 38 1949 (13th September) … 31 As has been explained on previous occasions, figures which ignore the cost-of-living subsidies would have no real meaning.