[To THE EDITOR OP THE "SPECTATOR."] Sra,—Referring to your editorial
footnote in the Spectator of
June 27th as to the difficulty of comparison with 1872 prices on account of changed money values, the enclosed little table may be of interest. It is worked out on quinquennial averages, as they afford a safer basis than figures for indi- vidual years only.—I am, Sir, &c., W. S. MAINPRICE; The Birches, Sutton, Macclesfield.
In the very inflated year 1872 exports of produce of United Kingdom amounted to .£8 is. per head of the population, and Sauerbeck's index figure for commodities was 109. The following are the average exports for the five quinquennial periods between 1875 and 1899, with average index figures for same periods. The exports are further worked out on basis of an index figure of 109, as in 1872 :— 1875-79. 1880-84. 1885-89. 1890-94. 1895-99" Exports per head... Re 0 0 ... 56 13 2... £6 3 8 ... £6 2 11 ... 25 18 9 Index figure ......... 91 ... 83 ... 7010 ...
6810
Above exports on basis of index
figure 109 ...... R7 3 9 ... 58 14 11 ... 59 12 0 ... 59 15 4 ...
510 4 2
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