§ 17. Mr Trotterasked the Chancellor of the Exchequer what has been the fall in the value of the £ sterling since the 10-shilling note was replaced by a coin in October 1969.
§ Mr. Robert Sheldon48½ per cent. This estimate is based on the change in the General Index of Retail Prices between
U.S.A. Japan West Germany France Belgium Netherlands Italy July 1965 … 100.0 100.0* 100.0 100.0 100.0 100.0 100.0 July 1966 … 99.9 100.4* 99.4 99.9 99.9 100.1 99.7 July 1967 … 99.8 100.1* 99.6 99.8 99.8 99.8 99.7 July 1968 … 85.8 85.0* 86.0 87.1 86.3 86.3 85.3 July 1969 … 85.6 84.9* 85.5 86.9 86.7 86.3 86.2 July 1970 … 85.6 85.2 77.5 96.5 85.6 85.6 86.3 July 1971 … 86.6 85.8 74.7 97.5 86.6 85.4 86.4 July 1972 … 87.8 73.1 69.4 89.6 77.5 77.8 81.6 July 1973 … 90.0 65.5 52.1 75.0 64.4 64.5 84.1 July 1974 … 85.8 70.6 54.9 81.7 65.6 62.4 88.3 June 1975 … 78.2 64.0 45.9 64.9 55.7 53.0 79.0 * Figures in the table have been calculated using middle market closing rates on the last day of the month in question. However, closing rates for the Japanese yen in the years 1965–1969 are not readily available and average annual rates have been used.