THE SOVEREIGN

Maoriland Worker, Volume 10, Issue 447, 1 October 1919, Page 5

THE SOVEREIGN

Now Worth 13/2

As compared with 20,'- for tbie average of the four years, 1909.-13, the purchasing power of. tlie sovereign for the lastJune quarter, measured in foodstuffs, was 13/2 only, as against 13/61- for the June quarter, 1918; If/Si for the June quarter, 1917; 15/9 i for the June quarter, 1916; and IG/9i for the June quarter, 1915. Or, stating it another way, during the .June quarter, 1919, it cost 10/2.1, as against 29,51 fer the June quarter of 1938, to purchase the ainou'nX of food which would have cost 20/- in the average of the four centres in 1009-13.

The workers' weekly food budgets, published in the current ••Official Monthly Abstract of Statistics," again show a slight relapse in the condition of the shrinking sovereign. Tor June last the percentage increase in the cost of ami assumed weekly household consumption of certain foodstuffs was 39.9G per cent over the pricies ruling in July, 19H, as against 39.43 per cent in May, whil c for July the percentage increase was -1.6. per cent.