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The
first Budget deficit would, as before, be not less than L3,000,000. The
taxes within the absolute control of the Irish Parliament would have
been producing a revenue of L2,838,000. It is within this range of
taxation, or by the imposition of new direct taxes, that the Irish
Chancellor of the Exchequer would have been compelled to raise an
additional L3,000,000 in order to make the two sides of his account
balance.
Owing to the mistake already referred to, Mr. Gladstone prepared and
presented a third scheme, whose principal features were as follows:--
1. Ireland's contribution to Imperial expenditure to be one-third of
the true revenue of taxes levied in Ireland.
2. Ireland to be credited with miscellaneous receipts and surplus (if
any) arising from postal services.
3. Ireland to pay out of revenues credited to her, two-thirds of the
cost of the Constabulary, all Civil Government charges and any deficit
on postal services.
4. The Customs and Inland Revenue duties and the rates for Postal
charges to be fixed and collected by Imperial Parliament.


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