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"Against Home Rule (1912) The Case for the Union"

Mr. Chamberlain shows that if
any scheme even remotely resembling any of those put forward on previous
occasions by Mr. Gladstone is embodied in the new Bill, and if a
moderate contribution for Imperial services is included, the Irish
deficit must range from L2,500,000 to L3,500,000. If by any process of
juggling with the figures the Irish Parliament is again to be started
with a surplus the deficit must have been made good by charging it
against the Imperial taxpayer. But again there is no permanence in such
a surplus. It must disappear if the ameliorative measures which are long
overdue in Ireland are undertaken by an Irish Parliament; and previous
experience has already illustrated that even without the adoption of any
such new schemes surpluses would long ago have made room for deficits.
It will be the duty of the Nationalists party to say definitely what are
the fiscal reserves upon which they can draw in order to establish
permanent equilibrium between revenue and expenditure in Ireland.
Not only does Unionist policy for Ireland involve considerations of
national safety and national honour, but it is also necessary for the
economic welfare of both countries.


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