The expenditure may be divided for
the purposes of this Memorandum as follows:--
L
All purposes not separately specified 5,462,000
Post Office 1,600,000
Old Age Pensions 2,664,000
Charges under the Land Purchase Acts 761,000
National Insurance and Labour Exchanges 191,500
Royal Irish Constabulary 1,377,500
Collection of revenue 298,000
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Total 12,354,000
----------
The expenditure therefore exceeds the revenue by L1,515,000.
It is anticipated that in a period of ten or fifteen years the charges
under the existing Land Purchase Acts will increase by L450,000, and
under the National Insurance Act by L300,000. On the other hand, it is
estimated that within twenty years the cost of Old Age Pensions will
decrease by L200,000.
_Charges upon the Irish Exchequer._
The Bill provides for the establishment of an Irish Exchequer and an
Irish Consolidated Fund.
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