The general financial proposals of the 1912 Bill are as follows:--
The British Treasury takes the Irish revenue and divides it into three
portions. The first is the postal revenue, which will be both collected
and controlled by the Irish Government, as the Post Office will be
handed over immediately. The second is the "transferred" revenue,
amounting to L6,350,000, which is the estimated cost of the services
delegated to the Irish Parliament, such as the Civil Service, the
payment of judges, and so forth. This revenue will still be collected
by the Imperial Government, but handed over to Ireland. The third
portion will be the "reserved" revenue, consisting of the amount
retained by the British Treasury for the services over which it will
retain control. Those services will be as follows:--
L
Old Age Pensions 2,660,000
National Insurance 190,000
Land Purchase 616,000
Constabulary (Royal Irish) 1,380,000
Collection of Revenue 300,000
---------
5,146,000
---------
This leaves the profit and loss account for Great Britain as follows:--
Receipts.
Pages:
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169