§ 61. Mr. John Hallasked the Chancellor of the Exchequer the value in terms of purchasing power on 30th June, 1951, and 30th June, 1957, respectively, of a post-war credit of£50 issued in 1943; and what estimate he has made of the value of that post-war credit at 30th June, 1977, if inflation continues at the average rate of the last three years.
§ Mr. BirchThe answer to the first part of the Question is, on the basis of the Consumer Price Index adjusted by the Index of Retail Prices, about£35 in June, 1951, and£28 in June, 1957. The answer to the second part is "None."