ON VARIATIONS IN THE VALUE OF THE MONETARY STANDARD. 217 



Table VI. 



Remarks upon the 'preceding Tables. 



These tables present a comparison between the index-number proposed 

 by the Committee and some other well-known constructions of the same 

 kind. In the first five tables the feature of comparison consists of those 

 articles or items which are common to the Committee's and the compared 

 schemes. The tables show the different importance or ' weight ' assigned 

 to the same items in the Committee's and each of the other schemes. For 

 the purpose of exhibiting this difference it is proper to contrast, not the 

 actual weights employed by the Committee and each compared index- 

 number, but the weights relative to the total weight assigned to the 

 common items by the Committee's and the compared scheme respectively. 

 Thus, in the first table, the first column states the articles, twenty-one in 

 number, which are common to the Committee's index-number and to one 

 which has been given by Mr. Sauerbeck (' Journ. Stat. Soc' 1886, p. 595). 

 The second and third columns give the weights actually affixed by the 

 Committee and Mr. Sauerbeck respectively to the comparative prices of 

 those twenty-one articles. The third and fourth columns give the 

 weights relative to the total weight of the coincident portions of the 

 two systems. Thus, 61 being the weight actually assigned by 

 Mr. Sauerbeck to wheat, while 564 is the sura of the weights attached 

 by him to all the articles common to him and the Committee , /g'j, or the 

 same fraction multiplied by 100 (=11 neatly), is taken as tiie proper 



