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65.
Mr. H. Hynd
asked the Chancellor of the Exchequer the purchasing value of the pound sterling as compared with the corresponding date in 1951.
Mr. Maudling
The purchasing power of the £ sterling is estimated on the basis of the latest available figures to have been 18s. 7d. in September, 1954, compared with 20s. in September, 1951. This estimate is based on the price index for all consumer goods and services between 1951 and 1953, and the Interim Index of Retail Prices thereafter.