16 FEBRUARY 1945, Page 13


Stu,—I see you say in your article on war gratuities that the cost of living will be appreciably higher than it was in 1919. May I point out that it is now 102 points above the t914 figure ; that in December, 1918 it was 120 points above it ; in 1919 it averaged 115 and in 1920 149. Unless there is complete reversal of the Government policy of price stabilisation—which is most unlikely—it would appear that post-war prices will be appreciably lower than in the years after 1918.—Yours