Before 1971
A pound = 20 shillings.
1 shilling = 12 pennies.
If you were an indentured labourer in 1912, you would make 14 shillings a month.
How many pounds would you make annually?
If you had to pay a tax of £3 per person in your family, how much tax would that be annually?
A pound in 1912 is equivalent to around £325 pounds today. Can you calculate the tax you would have to pay as an indentured labourer in today’s money, if there were five of you in your family?