Expenditure.
L9,485,000 On "Reserved Services" L5,046,000
On "Transferred Sum" 6,350,000
-----------
L11,396,000
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The upshot is that the British deficit, which stands at present at
L1,500,000, will rise to L1,911,000. That will be covered by a grant of
L500,000 a year. That grant will be reduced annually by decrements of
L50,000 until it reaches L200,000.
There is no need for the British taxpayer to be alarmed at this
balance-sheet. The essential fact is that Home Rule will work steadily
on the side of thrift and saving. The substantial points are--(1) that
pensions will from this time forward steadily decrease; (2) that the
Royal Irish Constabulary will be diminished; and (3) that any increase
in the prosperity of Ireland will result in an increasing yield of
taxation collected by the British Treasury and devoted to the benefit
of the British taxpayer. The British taxpayer, in a word, is thoroughly
well looked after.
Doubtless these proposals will be subjected to much criticism in
committee, and no one would pretend that they could not be improved in
detail.
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