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If applied to the present
situation Ireland would have been contributing less than L3,000,000 for
Imperial services, although a very moderate estimate of what her
contribution should be would require her to pay at least L5,000,000. In
spite of this modest payment, however, this scheme would have confronted
the Irish Chancellor of the Exchequer with a deficit of more than
L2,250,000 rising at once to L2,700,000 in consequence of the Insurance
Act.
In reviewing the three financial schemes which have previously seen the
light, the following facts stand out clearly:--
1. Some contribution was expected from Ireland for Imperial services in
each scheme.
2. The rates of customs, excise, and postage were in all cases to be
controlled by the Imperial Parliament.
3. The customs were in every case to be collected by officers of the
Imperial Exchequer.
4. In the two schemes of 1893 "true" revenue and not "collected" revenue
was the basis of the financial arrangement.
5. Each of these schemes would involve the Irish Parliament from the
outset in a huge deficit.


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