s:--

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. Expenditure.
L9,485,000 On "Reserved Services" L5,046,000
On "Transferred Sum" 6,350,000
-----------
L11,396,000
-----------

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