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Press, Volume LIV, Issue 16322, 20 September 1918, Page 3

Mr Justice Heydon (President of the New South Wales Board of Trade) announced last week the result of tho enquiry into the cost of living, and regar dins the living wage- for male adults in tlio metropolitan area. The . President stated that the Industrial Court in 1914 had set down the living wage as £2 Bs, . having accepted the principle that a'labourer's wage should go up or down, according to the Commonwealth Statistician's table® on the purchasing power of a sovereign. Two increases in the living wage had since then been made, the second of which brought the wage up to £2 15s Bd. On the average value of a sovereign during the past twelvo months, 12,154 sovereigns were now required to buy what 10,000 sovereigns would have bought in tho last six months of 1913. Tho Court, therefore found that . tho normal cost of living and the living wage were now properly £2 18s 6d.